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Why the crypto market crashed today and dragged Bitcoin below $78k

The crypto market lost $90B in an hour as PPI hit 6%, BlackRock's IBIT shed $136M, and 154,000 traders were liquidated in 24 hours.

2026/05/16

Tether Billionaire Christopher Harborne Enters UK’s Richest People List

Christopher Harborne entered the Sunday Times Rich List in sixth place, as Parliament opened a probe into Farage. The Sunday Times Rich List 2026, published on

2026/05/16

CLARITY Act ethics fight risks Senate failure

The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes. Analysts and lawmakers have identified the ethics provision

2026/05/16

Santiment warns Bitcoin CLARITY act euphoria may reverse gains

Santiment warned that Bitcoin social media euphoria spiked following the CLARITY Act’s Senate Banking Committee vote on May 14. Sentiment analytics platform Santiment

2026/05/16

Solayer Pay launches Visa card for USDC

Solayer Pay launched a Visa card allowing users to spend USDC at merchants and ATMs worldwide on May 14. Solayer, the layer-1 blockchain developer behind the infiniSVM

2026/05/16

CLARITY Act faces hurdles despite Senate committee win

The CLARITY Act cleared the Senate Banking Committee 15 to 9 on May 14, but analysts say significant obstacles remain before it can become law. The CLARITY Act

2026/05/16

Bitcoin ETFs break six week inflow streak

Bitcoin ETFs logged $1 billion in net outflows in the week ending May 15, ending a six week inflow streak. US spot Bitcoin ETFs posted $1 billion in net outflows

2026/05/16

Revolut wins FCA approval to launch UK private banking

Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK. Victoria Laffey, head of operations at Revolut Trading

2026/05/16

Myanmar proposes life imprisonment for crypto scam operators

Myanmar’s military published a draft bill on May 14 proposing life in prison for crypto scam operators. The draft legislation, called the Anti-Online Scam Bill,

2026/05/16

Bitcoin tumbles below $79,000 as rising bond yields

Bitcoin fell to $78,600 on May 15 as bond yields surged to a 12 month high, rattling risk markets. The US 10-year Treasury yield surged to 4.54% on May 15, its

2026/05/16