Top 5 Crypto News of the Week! (04 - 10 May)
Dear PointPay Family,
The most incredible news and events from the past seven days have been compiled and are ready to be presented to you in our latest roundup. Dive into the Top 5 News Stories of the Past Week, where you’ll learn about the most interesting and important developments from around the world.
Coinbase backs CLARITY Act compromise on stablecoin yields
Coinbase has agreed to revised provisions within the proposed CLARITY Act that would restrict crypto platforms from offering passive yield rewards on payment stablecoins. According to the company's policy leadership, the finalized language allows platforms to continue distributing rewards only when users actively participate in blockchain or platform-related activities, rather than simply holding assets.
The update appears to have strengthened market confidence around the bill's future. Prediction markets quickly raised the probability of the CLARITY Act becoming law in 2026 following the announcement. Attention is now shifting toward the upcoming Senate Banking Committee discussions expected in mid-May, where the legislation could move closer to formal approval.
Strategy signals more flexible Bitcoin treasury approach
Strategy is reconsidering its long-standing commitment to holding Bitcoin indefinitely, introducing a more active treasury management strategy aimed at increasing Bitcoin-per-share value for investors. Company executives stated that future decisions could include selling Bitcoin for cash reserves or reallocating holdings into debt instruments when financially beneficial.
The company ended the first quarter with more than 818,000 BTC accumulated at an average purchase price of roughly $75,500 per coin. The shift reflects a broader evolution in corporate Bitcoin strategies, where balance sheet optimization is becoming just as important as long-term accumulation.
Ripple, JPMorgan and Mastercard complete landmark tokenized asset transaction
Ondo Finance has completed what companies describe as the first cross-border and interbank redemption transaction involving tokenized US Treasury assets across both public blockchain infrastructure and traditional banking systems. The initiative brought together Ripple, JPMorgan's Kinexys platform, and Mastercard to demonstrate real-time interoperability between blockchain networks and institutional payment rails.
As part of the pilot, Ripple redeemed tokenized assets issued on the XRP Ledger, while fiat settlement was processed through Mastercard's Multi-Token Network and JPMorgan's banking infrastructure. The transaction was completed almost instantly outside standard banking hours, highlighting the growing potential for 24/7 global settlement systems powered by tokenized finance.
Telegram takes direct control of TON ecosystem development
Telegram founder Pavel Durov announced a major restructuring of the TON ecosystem, revealing that Telegram will take a leading operational role in the network while also becoming its largest validator. The move positions the company at the center of TON's future technical and strategic development.
Telegram plans to introduce a series of upgrades over the coming weeks, including a redesigned website, enhanced developer tools, and network performance improvements focused on scalability and user experience. Following the announcement, Toncoin recorded a sharp price increase, although the asset still remains significantly below its historical peak.
Bitcoin surges above $80,000 as market recovery accelerates
Bitcoin has climbed above the $80,000 level for the first time since January, continuing a strong rebound from its February lows. The asset has now recovered nearly 30% from the roughly $62,000 bottom reached earlier this year, signaling renewed bullish momentum across the crypto market.
Several market participants believe the current rally could extend further, with expectations growing around a possible move toward the $100,000 mark. The latest price action reflects improving investor sentiment and increasing confidence in Bitcoin's long-term market trajectory.
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