Bitcoin above $78,000 as Senate clears Clarity Act yield hurdle, S&P 500 sets new record
Bitcoin climbed above $78,000 after the Senate advanced stablecoin compromise legislation, clearing a major regulatory hurdle. The Clarity Act would ban yield on reserves while permitting activity-based rewards, easing banking sector concerns. Meanwhile, the S&P 500 hit fresh records amid strong tech earnings. Crypto remains range-bound, awaiting Fed clarity or ETF inflows to break higher decisively.
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Price predictions 5/1: BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ADA, BCH, XMR
Bitcoin rose above $78,000 in May 2026, extending April's 11.87% rally fueled by $1.97 billion in US spot ETF inflows. Technical analysis suggests BTC needs to flip $80,000 into support to reach $84,000, though CryptoQuant warns futures-driven gains may precede a pullback. Major altcoins including ETH, XRP, BNB, SOL, and DOGE face critical resistance levels determining next directional moves.
From NYSE Gut Punch to ‘One App for Money’: Exodus Bets Self‑Custody Can Power Everyday Life
Exodus, a self-custodial crypto wallet founded in 2015, acquired UK payment infrastructure firms Monavate and Baanx to build an integrated payments platform. After a failed NYSE listing attempt in 2024, the company relaunched on NYSE American in January 2026. It now positions "Exodus Pay" to convert everyday transactions into revenue through card processing and interchange fees while maintaining user self-custody, addressing crypto's usability challenges.
Minnesota Moves to Ban AI Apps That Generate Fake Nude Images
Minnesota's proposed ban on AI-generated deepfake nude images gains legislative traction, addressing non-consensual intimate content abuse. While lacking direct crypto ties, the regulation signals broader government scrutiny of AI technology platforms. This mirrors global moves to regulate emerging tech sectors, potentially impacting blockchain-based AI projects and decentralized platforms hosting user content. Indian crypto investors should monitor regulatory precedents as domestic policymakers consider similar protections.