Tether freezes over $500M of USDT in 30 days, BlockSec data shows

Senate Banking Committee scheduled markup hearing for the Digital Asset Market Clarity Act on May 14, moving the stalled crypto market structure bill forward. A compromise on stablecoin yield provisions, brokered by Senators Tillis and Alsobrooks, resolved key blocking issues. Banking groups expressed concerns about the compromise text. The markup represents crucial progress toward potential legislation, though Senate-Agriculture Committee merger and ethics provisions remain outstanding.

TeraWulf reported AI compute revenue surpassing bitcoin mining operations despite posting a $427 million loss, signaling the company's strategic pivot toward artificial intelligence infrastructure. The shift reflects broader crypto-mining sector trends as firms diversify beyond traditional cryptocurrency generation. Bitcoin remains stable near $80,000, while AI infrastructure investments reshape mining economics for investors monitoring sector transformation.

Strategy (MicroStrategy) CEO Michael Saylor's recent comments sparked trader speculation that the company may sell Bitcoin holdings this year. Bitcoin trades near $80,097. While Saylor has historically been bullish on BTC accumulation, market participants now debate potential liquidation scenarios. This uncertainty could impact Bitcoin's price volatility and institutional investor sentiment globally, including among Indian crypto traders monitoring macro shifts.