Cryptonews

The Republicans, ever the guardians of private enterprise, have seized the moment to turn a temporary restriction into a permanent noose around the Fed’s digital neck. Congressman Mike Flood, with a flourish of his legislative pen, declares, “No backdoor green light for a CBDC!” While Rep. Warren Davidson, with a wink and a smirk, calls the 2030 sunset clause a “runway” for the Fed’s digital ambitions. A runway, indeed! More like a cliff’s edge, if you ask me.

Binance Smart Chain (BSC) is a major blockchain network that works with Ethereum, and it handles a lot of transactions. Because of this, it’s a good example to see if networks with high transaction speeds can successfully implement new security measures designed to protect against future quantum computers.

Bloomberg’s latest gossip hinted that the SEC could dish out an “innovation exemption” for tokenised stocks as early as this week. Such a scaffolding would presumably permit digital facsimiles of securities to trade away from the clunky traditional exchanges and into the slick, unregulated realms of decentralised markets-complete with the cheeky possibility that these tokens owe their existence to firms that never really gave their blessing.

In the latest tome from the Federal Reserve, a report so weighty it could rival the collected works of our dear Gogol, it is revealed that 10% of American adults-a number as precise as it is absurd-have partaken in the crypto carnival. Up from the depths of 2023 and 2024, yet still shy of the 12% peak when the crypto market was a booming bazaar of dreams and delusions. Ah, the fickleness of fate!

Bitcoin’s recent underperformance and a decrease in long-term holders indicate the price drop could be more significant than a typical temporary dip. Both the price chart and blockchain data support this idea, pointing to the same conclusion from different perspectives.

AI Financial Corporation, a name that once rang like a promise, reported a meager $4.7 million in revenue for the 13 weeks ended March 28, 2026. This pittance came from its fintech business, while its biotech segment lay fallow, marked as discontinued operations-a field left untended.

On May 14, BNB Chain unleashed its BSC Post-Quantum Cryptography Migration Report. Turns out, they tested post-quantum transaction signatures with ML-DSA-44 and chucked in pqSTARK for consensus vote aggregation. Jolly clever, if a bit cumbersome.

Congressman Mike Flood says House members changed the Senate’s 21st Century ROAD to Housing Act to permanently prevent a central bank digital currency (CBDC). The original bill only prohibited a CBDC until 2030, but lawmakers made the ban indefinite.

Digital asset firm CoinShares reports that XRP and Solana saw significant investment inflows last week, bringing in $67.6 million and $55.1 million respectively. However, Bitcoin experienced outflows of $982 million, and Ethereum saw $249 million leave the market during the week ending May 15th.

The price of the main token for the biggest decentralized exchange on BNB Chain dipped slightly over the last day, dropping around 0.62% to about $1.42.