Crypto World
JPMorgan says CLARITY close to deal as stablecoin fight enters final stage
Momentum is building in Washington for the long-awaited CLARITY Act, with JPMorgan (JPM) pointing to signs that negotiations may be nearing a breakthrough.
JPMorgan said discussions among lawmakers and regulators suggest the legislation is close to completion, with only a small number of issues still unresolved in a Wednesday report.
One senior policy official noted that the list of contentious items has narrowed from roughly a dozen to just “2–3 issues,” while debate around stablecoin rewards is now “in a good place.”
The CLARITY Act is designed to define how digital assets are regulated in the U.S., including how oversight is divided between agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It also addresses how stablecoins and decentralized finance platforms should be treated under existing financial rules.
Lawmakers involved in the discussions struck an optimistic tone. A Senate staffer familiar with the process said the draft legislation is “very close,” with remaining questions around areas like DeFi oversight and token classification potentially resolved in the near term, according to the report.
One of the most closely watched debates centers on whether stablecoin issuers should be allowed to offer yield-like rewards to users. The issue has drawn pushback from banks, which argue such features could replicate deposit-taking without the same regulatory safeguards.
The latest proposals could find support from both crypto firms and traditional financial institutions, according to JPMorgan.
Still, the path forward is not without risk. The final legislative text has yet to be released and no formal vote has been scheduled. Timing is also a factor, with some policy experts warning that delays could push the bill into a more uncertain political environment.
JPMorgan noted that the outlook for the 2026 midterm elections remains mixed, with expectations that Democrats could regain control of the House of Representatives. If that scenario plays out, crypto legislation could lose priority, potentially slowing further progress.
For now, the direction of travel appears clear. As one policy advisor put it, “there is no such thing as a perfect bill,” underscoring willingness among stakeholders to compromise in order to establish a workable framework.
If passed, the CLARITY Act would mark a major step toward integrating digital assets into the U.S. financial system, providing rules that industry participants have sought for years.
BitTorrent Chain has upgraded the BTTC Bridge record page with dual views, richer filters and clearer tags so users can track incoming, outgoing and cross-chain flows faster.
Summary
- BitTorrent Chain has upgraded the BTTC Bridge transaction record page with new dual views and filters for cross-chain users.
- The update separates “All Records” from “In Progress” activity and adds multi-dimensional search by status, type and custom date range.
- Incoming, outgoing and cross-chain transactions now carry clearer visual tags to make following asset flows easier.
BitTorrent Chain has rolled out a functional upgrade to the BTTC Bridge transaction record page, aiming to give cross-chain users a clearer view of where their funds are and where they are going. According to the project’s official update, the new interface is now live and is designed to make tracking deposits, withdrawals and cross-chain moves “more efficient and transparent” for everyday users.
The refreshed page introduces a dual-view mode that splits activity into “All Records” and “In Progress,” allowing people who regularly move assets between BTTC, Ethereum, Tron and BNB Chain to quickly distinguish between completed and pending transfers. The team has also added a multi-dimensional filtering tool that lets users combine transaction status, operation type and custom date ranges in a single query, cutting down the time it takes to locate a specific bridge event.
As part of the same upgrade, BTTC says the bridge page now features stronger, dedicated markers for incoming, outgoing and cross-chain activities, visually flagging the direction and nature of each transaction. The goal, according to the team, is to help users “quickly locate the flow of funds,” a recurring pain point for less technical participants navigating multi-chain asset movements.
The latest tweak builds on a broader interface overhaul completed in late March, when BTTC redesigned the bridge to incorporate user feedback and streamline the overall flow. That earlier upgrade allowed users to send assets from BTTC addresses back to Ethereum without paying extra bridge fees beyond standard gas costs, while keeping the process fully decentralized and ensuring that private keys and asset details stay out of third-party hands.
BitTorrent Chain positions BTTC as a cross-chain layer connecting networks such as Tron, Ethereum and BNB Chain using a lock‑and‑mint bridge model, with the bridge itself sitting at the heart of that interoperability push. Its recent 2.0 mainnet upgrade to a proof‑of‑stake design, highlighted in BitTorrent’s own roadmap, was pitched as a way to boost throughput and make cross-chain transfers more reliable as volumes grow.
In previous crypto.news coverage of exchange and wallet UX improvements, reporters have noted that clearer transaction histories and better labeling can directly reduce support tickets, user errors and perceived security risks in cross-chain systems. BTTC’s latest bridge record upgrade moves in that same direction, giving power users more granular filters while offering newcomers a cleaner, less intimidating window into their on-chain activity.
Anthropic has released Claude Opus 4.7, its most advanced AI model to date, marking a significant upgrade in long-form reasoning, vision processing, and autonomous task execution.
The launch, announced on April 16, 2026, strengthens Anthropic’s position in the fast-moving enterprise AI race, where competitors are rapidly expanding capabilities for coding, analytics, and multimodal workflows.
A Major Leap in Capability and Control
Claude Opus 4.7 is designed to handle long-running, complex tasks with greater precision and reduced supervision, a key demand among enterprise developers and financial analysts.
According to Anthropic, the model “verifies its own outputs before reporting back,” improving reliability in high-stakes workflows such as software engineering and data modeling.
The update also introduces a new “xhigh” reasoning effort level, giving developers finer control over the balance between latency and computational depth.
A beta feature, task budgets, allows organizations to manage token usage across extended AI operations.
Stronger Vision and Multimodal Performance
One of the most notable improvements is in visual understanding. Opus 4.7 can process images at up to 2,576 pixels on the long edge (~3.75 megapixels). This is more than three times the resolution supported in earlier versions.
This upgrade unlocks new use cases in:
- High-fidelity document and diagram analysis
- Interface and slide generation
- Data extraction from dense visual materials
Anthropic says the model produces more refined outputs for professional-grade presentations and design tasks, especially in business environments.
Enterprise Tools and Developer Integration
Alongside the model, Anthropic introduced several platform upgrades. In Claude Code, a new ultrareview command performs automated deep code reviews, flagging issues that resemble human senior engineer assessments.
On cloud platforms including Amazon Bedrock, Google Cloud Vertex AI, and Microsoft Foundry, Opus 4.7 is available at the same pricing as its predecessor: $5 per million input tokens and $25 per million output tokens.
The company also highlighted improved instruction-following behavior, noting that prompts must now be more precise as the model executes instructions more literally than prior versions.
Safety, Cybersecurity, and Alignment Focus
Anthropic emphasized that Opus 4.7 maintains a similar safety profile to Opus 4.6, with improved resistance to prompt injection attacks and deceptive outputs in internal evaluations. However, the firm acknowledged mixed results in areas like overly detailed harm-related responses, highlighting ongoing alignment challenges.
A new Cyber Verification Program will allow security professionals to test the model in controlled environments for penetration testing and vulnerability research.
What Comes Next for Enterprise AI
Opus 4.7 signals a broader shift toward autonomous, tool-using AI systems built for sustained enterprise workloads rather than short interactions.
With competitors also advancing multimodal reasoning and agentic capabilities, the next phase of competition is expected to center on reliability, cost efficiency, and secure deployment at scale.
For enterprises, the immediate implication is that AI systems are moving from assistants to persistent operational agents reshaping how complex digital work is executed across software, finance, and analytics pipelines.
Meanwhile, Coinbase is reportedly courting Anthropic to bolster the exchange’s security infrastructure. Specifically, the exchange is reportedly pursuing access to Anthropic’s restricted Mythos AI model, a move inspired by Project Glasswing cybersecurity initiative launch.
While Anthropic touts Opus 4.7 as a breakthrough, the launch does not wipe from memory past instances of frustrating outages that left thousands of users locked out of Claude.ai and its tools this week. Scaling hype continues to outpace reliable infrastructure.
Additionally, its recent standoff with the Trump administration over military access has painted the company as both principled and vulnerable, raising questions about whether safety posturing serves users or just PR.
The post Anthropic Unveils Opus 4.7 as AI Rivalry Intensifies appeared first on BeInCrypto.
Cantor Fitzgerald has donated $10 million to Fellowship PAC, a crypto-focused super PAC chaired by Tether’s U.S. head of government affairs Jesse Spiro, according to Federal Election Commission filings disclosed Wednesday.
The donation comes at a moment when the line between traditional finance and crypto lobbying capital is becoming hard to define.
The headline number is large enough to matter. Whether it buys the regulatory outcomes the industry wants – and on what timeline – is the harder question.
- Donor: Cantor Fitzgerald committed $10 million to Fellowship PAC, disclosed in February FEC filings.
- Total raised: Wednesday’s FEC filing revealed $11 million in total contributions, including donations from other sources alongside Cantor’s $10 million.
- PAC leadership: Fellowship PAC is chaired by Jesse Spiro, Tether’s U.S. head of government affairs, and was established in 2025.
- Anchorage Digital: The digital asset bank separately contributed $1 million to Fellowship PAC.
- Spending to date: Fellowship has deployed $3 million on advocacy advertising and $1.5 million backing three Republican candidates, including Kentucky Senate candidate Nate Morris and Georgia Representative Clay Fuller.
- Cantor-Tether history: Cantor Fitzgerald has served as custodian for Tether’s reserve assets since 2021, making this donation an extension of an already entrenched institutional relationship.
- Political context: Fellowship PAC secured over $100 million in funding commitments ahead of the prior election cycle, positioning itself alongside rivals Fairshake and Defend American Jobs.
- Watch: FEC filings through 2025 and 2026 for additional commitments toward Fellowship’s $100 million goal and candidate endorsement patterns ahead of pivotal congressional sessions on crypto regulation.
How the Cantor-Fellowship Donation Actually Works, and What $10 Million Buys in Washington
A super PAC operates without contribution limits from corporations or individuals, provided it does not coordinate directly with candidates.
Fellowship PAC uses that structure to back pro-crypto candidates in federal races and fund issue-advocacy advertising – the $3 million already spent on advocacy ads is the clearest example of the latter in action.
Cantor Fitzgerald’s involvement is not a new relationship dressed up as political altruism. The firm has custodied Tether’s reserve assets since 2021, putting it at the center of the world’s most systemically significant stablecoin operation.
When Howard Lutnick, then Cantor’s CEO, now U.S. Secretary of Commerce, faced Senate confirmation hearings, lawmakers pressed him specifically on those crypto ties and their implications for liquidity markets and counter-terrorism financing policy.
Lutnick has since exited day-to-day operations; Cantor is now run by his sons. The $10 million donation follows that transition, which makes it a cleaner read on institutional intent rather than one executive’s personal calculus.
The firm is making a deliberate bet that pro-crypto regulatory outcomes in Washington are worth funding at scale.
The legislative target is not abstract. Congress is actively debating frameworks covering stablecoins and digital asset market structure under the CLARITY Act, and PAC money of this magnitude is aimed squarely at shaping who sits in the seats where those votes happen.
Anchorage Digital’s concurrent $1 million contribution to Fellowship signals the same logic from the crypto-native banking side.
The bullish read is straightforward: a $10 million check from a firm of Cantor’s standing signals that TradFi has moved from cautious observation to active political investment.
That is not the same as regulatory clarity arriving on any particular schedule. PAC spending influences candidate selection and creates political goodwill, it does not write legislation or guarantee floor votes.
The post Cantor Fitzgerald Donates $10 Million to Crypto PAC Led by Tether Executive appeared first on Cryptonews.
Chiliz (CHZ) surged 14.7% in the past 24 hours on April 16, trading at $0.0429 with a market cap of $441.9 million, as a convergence of technical and on-chain signals suggests a renewed push toward the $0.050 resistance zone.
Price broke above both the 20 and 50-period daily moving averages for the first time since the January 2026 fakeout. On-chain data shows exchange inflows near six-month lows, reinforcing the case for organic demand.
Daily Structure Points to a Breakout Attempt
CHZ has been building a base since February 2025, forming two distinct zones that have repeatedly absorbed selling pressure. The deeper support sits between $0.028 and $0.030. A secondary zone between $0.036 and $0.038 held on four separate occasions since mid-2025, with each rebound marked by green arrows on the chart.
On the resistance side, the $0.050 to $0.052 band has rejected CHZ at least three times over the same period (red arrows). In January 2026, the price temporarily pushed into the $0.062 to $0.064 region. That move failed quickly and price pulled back sharply through both resistance levels, resetting conditions for a more measured attempt.
The April 16 daily candle closed at $0.04314, above both moving averages for the first time since the January peak (blue ellipse). Volume registered a notable spike alongside the close, ending a prolonged downtrend in trading activity.
The RSI is rising from neutral territory and has not yet reached overbought levels. The MACD histogram has turned positive, indicating that bullish momentum is accelerating on the daily timeframe.
Prior analysis of CHZ highlighted the difficulty of sustaining closes above these averages, making the current structure notable.
Four-Hour Channel Points to $0.046
The four-hour chart presents a parallel ascending channel dating back to February 19. Price has respected both the upper and lower bands as well as the midline throughout the pattern. Four distinct midline touches (blue circles) confirm its role as a dynamic pivot.
Chiliz is now trading above the midline at $0.04292. The upper band near $0.046 represents the next near-term target. A sustained close above that level would expose the $0.050 zone, which aligns directly with the daily resistance band. CHZ has previously required a confirmed daily close above $0.050 to sustain any move into the higher range.
The four-hour RSI has climbed above 70, reflecting strong short-term momentum. The MACD remains positive but is beginning to lose steam, which may produce a brief consolidation before another leg higher.
A pullback toward the $0.036 to $0.038 zone would negate the current structure. There, the channel lower band converges with daily support to form a reinforced floor.
Chiliz Whale Activity and Low Inflow Support the Bullish Case
Santiment data shows that whale transaction count for CHZ, tracking transfers above $100,000, registered a modest uptick on April 16. The spike is small relative to the peaks recorded during the January 2026 rally and the December 2025 accumulation phase.
That context is constructive. It suggests large players are cautiously re-entering rather than aggressively positioning, a pattern that has historically preceded sustained moves. Prior rebounds driven by whale accumulation at similar structural support levels were followed by multi-week price advances.
Exchange inflow data reinforces that reading. The current inflow stands at just 1.09 million CHZ, one of the lowest readings over the past six months. For comparison, spikes above 200 million CHZ were recorded in November and December 2025 during periods of heavy distribution.
Low exchange inflow indicates that holders are not moving assets to selling venues. That dynamic is consistent with organic accumulation rather than manufactured price movement, the kind of setup that preceded each of CHZ’s recoveries from the $0.036 to $0.038 support zone over the past year.
Chiliz may extend toward $0.046 in the near term, then test the $0.050 to $0.052 resistance band. A decisive daily close above $0.052 could open the path toward the $0.062 to $0.064 region last visited during the January fakeout.
A failure to hold $0.038 would shift the probability back toward the deeper $0.028 to $0.030 accumulation zone and suggest the current breakout attempt has run out of fuel.
The post Chiliz Eyes $0.05 as On-Chain Data and Parallel Channel Confirm Bullish Setup appeared first on BeInCrypto.
The U.S. Commodity Futures Trading Commission is leaning into artificial intelligence and automation as it faces massive new oversight responsibilities, according to congressional testimony from Chairman Mike Selig, even as his agency’s workforce has declined significantly under the administration of President Donald Trump.
About a quarter of the CFTC’s staff has left since 2025, under Trump’s demands that the federal workforce be cut significantly, according to agency records. But the CFTC is also being called upon to regulate new and rapidly growing arenas for cryptocurrency and the prediction markets.
“Tools such as AI are going to be very helpful in surveilling and bringing the investigations, and we’re incorporating that into various workflows,” Selig told lawmakers of the House Agriculture Committee at a Thursday hearing, citing widespread use of Microsoft’s Copilot AI tool as one productivity aid. When asked about the staff declines at his agency, Selig said, “we are running more efficiently and effectively.”
“We’re putting a lot on your plate with digital assets, and we’re obviously going down this path with prediction markets,” noted committee Chairman Glenn “GT” Thompson. He sought an assurance from the CFTC chief that if he finds himself “in a situation where you know the need for additional qualified staff emerges” that he’ll ask the panel for help.
“Absolutely,” Selig responded.
He asserted that proper enforcement of the markets is a “top priority” of his, though the CFTC budget request for next year asked for only three more enforcement staff to make 108 people — still about 23% shy of the 140 the division had in 2025.
The Digital Asset Market Clarity Act that the Senate continues to work on would elevate the CFTC into a central role over non-securities crypto trading, which would include transactions in leading assets such as bitcoin and Ethereum’s ether (ETH). The agency is also claiming a dominant legal jurisdiction over the prediction markets such as at leading firms Polymarket and Kalshi, which are rocketing from levels measured in the millions of dollars a year ago to multiple billions now.
Selig’s Democratic predecessor, former Chairman Rostin Behnam, had routinely argued that the agency would need more people to oversee crypto and didn’t have the resources to police the world as prediction markets spread in depth and in a virtually unlimited breadth of contract topics. During Selig’s brief tenure, the prediction markets have erupted in accusations of insider trading, a few of which have been addressed by the firms themselves. But the markets have drawn heavy scrutiny on certain trades around U.S. military actions and government statements that suggest small numbers of anonymous traders made significant money on correct bets, suggesting the potential for insider trading from people with government insight.
The chairman acknowledged “numerous investigations ongoing” in prediction markets, though he wouldn’t quantify a number or discuss their focus. He said the regulated platforms are the first line of defense against insider trading, fraud and market manipulation in the hundreds of new markets (binary event questions) that emerge every day on the platforms, while the CFTC itself is a second line of defense.
“We regularly reject contracts,” Selig noted. “We’re actively reviewing what’s out there,” he said, adding that his agency has a “zero tolerance” policy for illicit market activity.
“Anyone who engages in that behavior will face the full force of the law,” he said.
But Representative Angie Craig, the committee’s top Democrat, argued that “the agency’s workforce is stretched too thin,” especially considering the agency’s role as the “primary regulator of two of the fastest growing and most volatile markets.”
“We must give the CFTC the staff, the funding and the clear statutory authority it needs to do its job,” Craig said.
The personnel declines at the regulator includes the commission itself, which is supposed to have five members under the law — including two commissioners from the minority party — but which has been left by the White House as a solitary posting of Selig. The chairman was questioned repeatedly about that during the Thursday oversight hearing, including whether he’d proceed with major rules as a one-person commission.
“We cannot for the sake of the American people slow down our rulemaking,” he said, suggesting he’ll move alone on new regulations. The CFTC is pursuing a preliminary rule process to set up guardrails for U.S. prediction markets, and Selig has also pushed policy initiatives in crypto.
Read More: CFTC sues Illinois, Arizona, Connecticut over states’ sports prediction market efforts
Bitcoin trades below the profitability threshold for active holders, with early signs of BTC demand offering limited price support for now.
Bitcoin (BTC) hit range highs above $76,000 on Wednesday, but Glassnode analysts say data suggest that calling for the start of a new bull market is premature.
New capital inflows have stayed weak, with Bitcoin’s growth rate remaining negative across all 105 trading days in 2026, highlighting a gap between stable price action and limited new demand.
Bitcoin profitability signal remains unresolved
Glassnode analyst CryptoViz.art uses the true market mean (TMM) to estimate the average cost basis of active BTC investors. The metric divides investor capitalization by liveliness-adjusted circulating supply, filtering out inactive coins and the lost supply.
Bitcoin crossed below this level on Jan. 31 and has stayed there for 75 days. The move placed the average active holder in a loss position, with a peak drawdown of 20% and a current gap of about 5% below the entry level.
Historical comparisons show 10 similar breaks since 2016, with durations ranging from two days to over 11 months. The deepest drawdowns reached 57% during the 2018–2019 and 2022–2023 cycles, while the March 2020 event saw a 40% decline over 49 days. The analyst added,
“That said, 75 days is still early. The 2018 and 2022 episodes didn’t bottom until months 5-9. The signal isn’t “all clear” — it’s watch closely.”
Reclaiming the TMM, currently at $78,013, is key for active investors to return to profit, and it has aligned with momentum resets in earlier cycles.
Related: Adam Back says Bitcoin’s post-quantum shift may reveal true Satoshi stash
BTC capital outflows shape the price ceiling
Bitcoin researcher Axel Adler Jr. points to a steady outflow of capital from the BTC market. The 365-day growth rate of market cap relative to realized cap has remained negative for all 105 trading days in 2026, with the latest reading at -0.000652.
In simple terms, the market is not attracting enough new money to support higher prices.
The 30-day realized cap change shows the same trend. Only seven days saw positive inflows this year, all during a brief period in mid-January. Since Jan. 23, the metric has stayed negative, though it has improved slightly to -0.32% from early April lows near -0.54%.
Realized cap has also dropped to $1.08 trillion from $1.12 trillion since the start of the year, a 3.23% decline.
Adler Jr. said the recent improvement signals a slowdown in BTC outflows, not a bullish reversal. A meaningful shift would require both metrics to turn positive and hold above zero for a sustained period.
Related: Morgan Stanley’s Bitcoin fund overtakes WisdomTree after 6 trading days
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Charles Schwab, one of the largest US brokerage firms, will roll out spot cryptocurrency trading for retail clients in the coming weeks, starting with Bitcoin and Ether through a dedicated account linked to its brokerage platform.
According to Thursday’s announcement, the offering will allow clients to trade and view crypto alongside stocks and other assets across Schwab’s web, mobile and Thinkorswim platforms, with custody held by its banking unit and execution handled through a partnership with Paxos, a federally regulated trust company.
Schwab reported $12.22 trillion in total client assets as of February 2026, according to its latest filings, and operates as a brokerage providing trading, banking and wealth management services.
At launch, the service will support trading in the two biggest cryptocurrencies, Bitcoin (BTC) and Ether (ETH), at a fee of 75 basis points per transaction, with plans to add more cryptocurrencies and enable deposits and withdrawals over time.
At 75 bps, or 0.75%, Schwab’s fee places it above exchanges such as Kraken, where fees start around 0.25% to 0.40% and decline with volume, while broadly in line with Coinbase, where fees start at about 0.40% to 0.60% for lower-volume traders, according to information on those exchanges’ websites.
Clients will access the service through a separate crypto account, with assets held by Schwab’s banking subsidiary under a custodial model. The rollout will begin in phases over the coming weeks, initially limited to eligible US retail clients except residents of New York and Louisiana.
Schwab said the move expands its existing crypto offerings, which include exchange-traded products, futures and funds tied to digital assets. The company said its clients currently hold about 20% of spot crypto exchange-traded products, based on internal estimates.
Related: Binance adds spot trading guardrails to limit abnormal executions
Traditional financial firms expand crypto offerings
Traditional financial companies are expanding their crypto offerings across trading, exchange-traded funds (ETFs) and structured products.
On April 8, Morgan Stanley launched a spot Bitcoin ETF (MSBT) that recorded $30.6 million in inflows on its first day of NYSE Arca trading, marking its entry into the market for regulated crypto investment products. The fund website showed total net assets at $87.6 million as of April 15.
Also in April, Goldman Sachs filed with the US Securities and Exchange Commission to launch a Bitcoin-linked ETF designed to generate income through options strategies, offering indirect exposure to Bitcoin while aiming to limit volatility.
As traditional financial firms expand into crypto, crypto-native companies are moving in the opposite direction, pushing into traditional markets through tokenized equities.
In December, Coinbase introduced trading for equities and ETFs, while in February Kraken launched tokenized equity perpetual futures, offering leveraged exposure to US stocks, indexes and commodities.
Magazine: Forget stablecoin yield, how does the CLARITY Act treat DeFi?
Charles Schwab has begun a phased launch of spot Bitcoin (BTC) and Ethereum (ETH) trading, opening direct crypto access to its retail brokerage clients for the first time.
The product, called Schwab Crypto and operated by Charles Schwab Premier Bank, SSB, will roll out in stages starting in Q2 2026. An initial cohort of employees and early-access registrants will trade first before the platform opens to the firm’s broader client base.
Schwab Integrates Crypto Into Its Brokerage Ecosystem
Unlike standalone crypto exchanges, Schwab is embedding digital asset trading within its existing brokerage, banking, and research infrastructure.
Clients will access crypto alongside equities, ETFs, and fixed-income products through a single platform.
Pricing is set at 75 basis points per trade. Paxos provides the regulated custody, execution, and settlement infrastructure underpinning the service.
The regulated trust company already holds a federal banking charter from the Office of the Comptroller of the Currency.
The service will be available across all US states except New York and Louisiana, which have stricter crypto licensing frameworks.
Clients cannot deposit BTC or ETH from external wallets, and crypto holdings are not eligible for SIPC or FDIC insurance.
How Schwab’s Entry Reshapes the Retail Crypto Market
Schwab’s entry intensifies the battle for retail crypto investors. The firm manages approximately $12 trillion in client assets, giving it a built-in distribution advantage over crypto-native competitors like Robinhood and Coinbase.
Previously, Schwab offered digital asset exposure only through crypto-linked stocks, futures, and spot exchange-traded products.
The shift to direct spot trading reflects broader institutional momentum. US spot crypto ETFs drew nearly $670 million in net inflows on the first trading day of 2026 alone.
Regulatory tailwinds have also accelerated the timeline. The SEC rescinded Staff Accounting Bulletin 121 in January 2025, removing the requirement for custodians to record client crypto as balance-sheet liabilities.
The OCC followed in March 2025 by reaffirming that crypto custody and stablecoin activities are permissible for national banks.
Whether Schwab’s conservative pricing and trusted brand can draw crypto volume away from lower-cost platforms with broader token selection remains the central question heading into the second half of 2026.
The post $12 Trillion US Giant Charles Schwab Launches Spot Crypto Trading appeared first on BeInCrypto.
The SEC CLARITY Act roundtable convened in Washington today, April 16, bringing regulators and industry together for a public discussion on digital asset market structure as the Senate Banking Committee targets a late-April markup of the most consequential crypto bill the US has ever seen.
Summary
- The SEC is hosting a roundtable on digital asset market structure today, not a vote or markup, but a signal of where regulators stand before Congress acts on the CLARITY Act.
- The Senate Banking Committee is targeting a late-April markup, with Chair Tim Scott yet to set a firm date as of April 15, while Senator Lummis warns a miss means waiting until at least 2030.
- White House digital assets adviser Patrick Witt said a stablecoin yield compromise “appears to be holding firm,” resolving the central dispute that has stalled the bill twice this year.
The SEC CLARITY Act roundtable opened in Washington today as the US Securities and Exchange Commission convened a public forum on digital asset market structure, placing the bill’s trajectory on full display for the first time since the Senate returned from Easter recess on April 13. Today’s session is not a vote or formal markup, but the commissioners running it are the same ones who will implement the CLARITY Act once Congress passes it.
The Senate Banking Committee markup is targeted for the second half of April. Chair Tim Scott has not yet announced a date as of Wednesday evening.
The CLARITY Act would draw a statutory line between the Securities and Exchange Commission and the Commodity Futures Trading Commission, assigning digital commodities to the CFTC and leaving digital securities under SEC oversight. The House passed the bill 294 to 134 in July 2025 and the Senate Agriculture Committee cleared its version in January 2026, making this the most advanced crypto market structure bill in US history.
SEC Chair Paul Atkins has said publicly that the SEC and CFTC are operationally ready to implement the act the moment Congress passes it. Polymarket currently puts passage odds at 55%.
The Stablecoin Fight That Almost Killed the Bill
The central dispute holding up the legislation has been whether stablecoin issuers can pay yield to holders simply for holding their tokens. White House digital assets adviser Patrick Witt said the stablecoin yield compromise “appears to be holding firm,” describing it as a “must-have” for unlocking the remaining sticking points. The deal bans passive yield on stablecoin balances while permitting activity-linked rewards tied to payments and platform use, a structure that protects DeFi protocols while addressing banking industry concerns about deposit migration.
The bill has stalled twice in 2026 as House Republicans remain split over FISA reauthorization and budget reconciliation, consuming legislative bandwidth the CLARITY Act needs before midterm politics close the window entirely. Senator Cynthia Lummis wrote on X this month that this is “our last chance” until at least 2030 if Congress misses the May window.
What Passes Next Has Trillion-Dollar Stakes
JPMorgan analysts have called midyear passage a positive catalyst for digital assets. Standard Chartered estimated that an uncapped yield provision could redirect up to $500 billion in deposits out of the banking system, explaining the banking lobby’s resistance. A White House Council of Economic Advisers study countered that banning yield would increase total US bank lending by just $2.1 billion while imposing an $800 million welfare cost on households.
The bill must still clear the Senate Banking Committee, pass a full Senate floor vote requiring 60 votes, reconcile with the Agriculture Committee version and the House-passed text, and receive a presidential signature. Today’s roundtable does not shorten that path, but it signals regulators are aligned and waiting for lawmakers to act.
Key Highlights
- Shares of Onfolio Holdings (ONFO) climbed more than 150% Thursday following the announcement of a $100 million equity financing arrangement with an institutional backer.
- The proceeds are primarily designated for purchasing profitable online enterprises the firm considers underpriced.
- Some funding will be allocated to expanding Onfolio’s digital asset holdings.
- CEO Dominic Wells stated the organization dedicated 2025 to achieving profitability and is now prioritizing expansion.
- ONFO shares are trading near their 52-week high, positioned 182.9% above the 20-day moving average.
Shares of Onfolio Holdings (ONFO) skyrocketed Thursday after the firm revealed a $100 million equity financing arrangement with an institutional investor. The stock climbed over 149% to $1.66 during trading, approaching the upper boundary of its 52-week trading range between $0.46 and $1.95.
The financing agreement provides Onfolio with adaptable, on-demand capital that can be utilized at the company’s discretion. The arrangement carries no mandatory drawdown obligations.
The majority of proceeds will support working capital needs and business acquisitions. Onfolio plans to pursue profitable online operations it views as undervalued when managed traditionally but could flourish when integrated with AI-powered infrastructure.
A smaller allocation will support expanding the firm’s digital asset portfolio, which complements its operational holdings as part of an overarching value-creation approach.
CEO Dominic Wells was straightforward regarding the company’s position. “We dedicated 2025 to reaching profitability,” he explained. “Now we’re allocating capital toward expansion.”
Wells characterized the facility as enhanced flexibility rather than emergency funding. It complements an existing convertible note arrangement as part of what the organization describes as an expanding capital infrastructure.
AI-Driven Acquisition Strategy
Onfolio’s acquisition framework is deeply connected to its artificial intelligence services platform. Upon acquiring a business, the company integrates it with pre-existing AI systems covering content creation, marketing automation, data intelligence, and operational efficiency.
The firm describes this methodology as capital-efficient. It expands AI-generated revenue leveraging current advanced model infrastructure while avoiding substantial capital investment.
Wells noted that AI implementation is already progressing throughout its current portfolio. The business-to-business division is experiencing enhanced margins, while consumer-facing operations are benefiting from AI-driven data intelligence tools.
This analytics solution is being developed into a standalone service product for B2B customers, targeting both current clients and prospective accounts.
Technical Analysis and Trading Levels
ONFO was positioned 182.9% above its 20-day simple moving average and 188.2% beyond its 100-day SMA during the rally — representing a dramatic revaluation reflecting the stock’s rapid ascent.
The 20-day SMA currently trades above the 50-day SMA, indicating short-term positive momentum. Nevertheless, a death cross formation from November 2025 — when the 50-day crossed beneath the 200-day — continues to signal longer-term technical weakness.
The MACD indicator remains below its signal line with negative histogram readings, suggesting momentum could begin moderating despite the elevated price level.
Critical resistance exists at the $2.00 mark, where shares have previously encountered selling pressure. Immediate support is positioned around $1.50, a psychological price point that has traditionally attracted buying interest.
The organization submitted an 8-K filing with the SEC providing complete details regarding the financing arrangement.
Ex-NBA player Damon Jones expected to plead guilty in gambling sweep
Chief executive of Bristol Airport Dave Lees to stand down
Cristiano Ronaldo’s reason behind unfollowing Gary Lineker – ‘I’m honest’
-
Politics6 days agoUS brings back mandatory military draft registration
-
Sports6 days agoMan United discover Nico Schlotterbeck transfer fee as defender reaches Dortmund agreement
-
Fashion6 days agoWeekend Open Thread: Veronica Beard
-
Politics7 days agoMalcolm In The Middle OG Turned Down ‘Buckets Of Money’ To Appear In Reboot
-
Politics4 days agoWorld Cup exit makes Italy enter crisis mode
-
Business6 days agoTesla Model Y Tops China Auto Sales in March 2026 With 39,827 Registrations, Beating Cheaper EVs and Gas Cars
-
Crypto World3 days agoThe SEC Conditionalises DeFi Platforms to Be Avoided for Broker Registration
-
Crypto World3 days agoSEC Signals Exemption for Crypto Interfaces From Broker Registration
-
News Videos1 day agoSecure crypto trading starts with an FIU-registered
-
NewsBeat4 days agoPep Guardiola and Gary Neville agree over Arsenal title problem that benefits Man City
-
Business5 days agoIreland Fuel Protests Enter Day 5 as Blockades Spark Shortages and Government Prepares Support Package
-
Business6 days agoOpenAI Halts Stargate UK Data Centre Project Over Energy Costs and Copyright Row
-
Politics7 days agoLBC Presenter Mocks Trump Over Iran War Failures
-
Crypto World6 days agoFederal judge blocks Arizona from bringing criminal charges against Kalshi
-
NewsBeat2 days agoTrump and Pope Leo: Behind their disagreement over Iran war
-
Crypto World3 days agoSEC Proposes Certain Crypto Interfaces Don’t Need to Register as Brokers
-
NewsBeat4 days agoJD Vance announces ‘no agreement’ with Iran over nuclear weapons fear
-
Tech7 days agoA version of Windows 10 released a decade ago is now eligible for additional security patches
-
Business6 days agoIMF retains floor for precautionary balances at SDR 20 billion
-
Business6 days agoFormer Liverpool CEO eviscerates FIFA for World Cup ticket pricing
You must be logged in to post a comment Login