The Senate Banking Committee has set a markup hearing for the Digital Asset Market Clarity Act on May 14. The stablecoin yield issue is resolved with a compromise that bans passive yield but permits activity-based rewards. Polymarket odds peaked at 79% before falling to 63%.
BlackRock filed two SEC applications to push deeper into tokenization. One creates a stablecoin reserve vehicle, the other brings a $7 billion money-market fund onchain. The firm also expanded its BUIDL fund to BNB Chain and Solana, with total AUM now at $2.4 billion.
LayerZero admitted it made a mistake in the $292 million KelpDAO exploit, acknowledging it should not have allowed its verifier network to be the sole validator for high-value transactions. The admission comes after weeks of blaming Kelp DAO. Kelp has since migrated to Chainlink's CCIP, and Solv Protocol is moving $700 million off LayerZero.
Zcash CEO Josh Swihart announced a quantum-proof roadmap, including quantum-recoverable wallets launching in June and full post-quantum readiness by 2027. ZEC has rallied over 110% in the past 30 days.