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The Senate Banking Committee plans to hold its long-awaited markup hearing for the Digital Asset Market Clarity Act of 2025 (otherwise known as the Clarity Act) on Thursday, May 14 at 10:30 a.m.
The Clarity Act was largely in limbo after Coinbase CEO Brian Armstrong announced the exchange was pulling its support over stablecoin yield and other provisions in January. Last week, Senators Thom Tillis and Angela Alsobrooks released a compromise text addressing yield, which would prohibit crypto companies from offering yield on static stablecoin reserve holdings but allowing rewards for stablecoins involved in activities, seemingly resolving one of the key issues blocking the bill from advancing.
The committee did not release the full text of the updated bill publicly as of press time.
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AI in finance isn’t really showing up the way many expected. The system just starts feeling lighter.
Payments move faster. Fewer unnecessary steps. Processes that used to require support tickets or manual verification quietly fade into the background.
And that’s usually the signal.
#Stellar
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Money Doesn’t Move Like It Used To
AI in finance isn’t really showing up the way many expected.
The system just starts feeling lighter.
Payments move faster.
Fewer unnecessary steps.
Processes that used to require support tickets or manual verification quietly fade into the background.
…
The system just starts feeling lighter.
Payments move faster.
Fewer unnecessary steps.
Processes that used to require support tickets or manual verification quietly fade into the background.
…
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Prime Minister Mark Carney said Canada is open-minded to building closer trade connections with the US and Mexico in certain industries to create greater economic prosperity on the continent.
“Like Mexico, Canada remains open to deeper integration, including options for ‘Fortress North America’ in selected sectors,” — the prime minister said in a speech to a political conference in Toronto on Saturday.
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Ripple and Stellar are two projects positioned to become dominant forces in blockchain-based financial services, particularly in cross-border payments and correspondent banking.
Both blockchain protocols already share several characteristics that place them ahead in the race for institutional adoption.
#Stellar
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Sources close to both Apple and Intel have said that the two companies have reached a preliminary agreement for Intel to manufacture processors for Apple. The two parties have been in talks for over a year, and they’ve been finalizing a formal deal over the past few months.
Apple is reportedly looking for alternative fabs to TSMC, as it wants to diversify its supply chain in the midst of ongoing chip shortages, and it seems that this latest development is a confirmation of this report.
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Chinese researchers claim that the launch of Hanyuan-2 represents a major step forward for the country’s quantum computing ambitions, with state media describing the system as evidence that China’s quantum technology is moving into a new phase of development.
Unlike many existing quantum computers that require enormous energy consumption and ultra-cold environments near absolute zero to function, Hanyuan-2 is built around neutral atom technology, which is considered more energy efficient and easier to operate and maintain. The system’s most notable feature is its dual-core architecture, which allows the two quantum processing units to work simultaneously, similar to two interconnected brains.
The paired cores can split computational workloads between them while also helping identify and correct errors during processing, potentially improving both speed and reliability.
#BRICS
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“We’re honored to be joined by many strong and truly heroic moms who have stood up for their children — both in life and in a very profound loss.”
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Chinese EV maker Zeekr has confirmed that the refreshed Zeekr 009 will officially launch on May 19, expanding the company’s push in the premium electric MPV segment.
Buyers will be able to choose between three configurations, including the seven-seat Ultra, the seven-seat Ultra+ Qijia, and the six-seat Ultra+ Executive variant. The new lineup is expected to bring upgraded performance, advanced battery technology, and additional luxury-focused features aimed at high-end family and business users.
#BRICS
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More than 40 nations will meet Monday to outline their military contributions to a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire.
The countries are expected to offer demining, escorting and air policing capabilities as part of a defensive naval mission led by the UK and France, designed to reassure commercial ships attempting to pass through the waterway.
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Payward, the parent company of Kraken's crypto exchange, has applied for a national trust company charter with the Office of the Comptroller of the Currency, according to a statement. The application seeks to establish the Payward National Trust Company, or PNTC.
"PNTC expects to serve institutional clients and individual customers seeking regulated, bank-level custody and trust services for digital assets, leveraging Payward's existing infrastructure, risk management, compliance programs, and regulated affiliates to deliver services in a secure and compliant manner," — Payward said in a statement.
Payward's application for an OCC charter follows Coinbase, the largest U.S.-based crypto exchange, receiving a conditional approval for its own national trust company charter about a month ago. Ripple has also received a conditional approval.
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The milestone reconnects Syria to the global financial system after years of sanctions-driven isolation.
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NASA confirmed in a blog post that it had successfully tested two Mars-bound rotor systems, achieving never-before-seen rotational speeds. In the tests, which took place under simulated Mars conditions at the historic 25-Foot Space Simulator at NASA’s Jet Propulsion Laboratory (JPL), the rotor systems — one two-bladed and one three-bladed — reached rotor tip speeds of up to Mach 0.98 before additional headwinds pushed the blades to Mach 1.08, surpassing the Martian speed of sound for the first time.
The rotors reached up to 3,750 rpm. For comparison, that is roughly 10 times faster than the rotor speeds of many modern helicopters. These extreme speeds are necessary to generate enough lift in Mars’ ultra-thin atmosphere, which is only about 1% as dense as Earth’s.
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SoftBank Group Corp.’s mobile unit plans to expand into selling AI computing power and the manufacture of large-scale battery cells to address growing demand for AI-related hardware.
SoftBank Corp. will provide neocloud services and specialized infrastructure geared for AI training in Japan, Chief Executive Officer Junichi Miyakawa said. The company will also partner with South Korea’s Cosmos Lab and DeltaX Co. to mass-produce batteries at its Sakai, Osaka plant from the fiscal year starting next April, he said.
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Cybercriminals recently used an AI model to create a zero-day vulnerability that could be used to exploit networks widely, Google announced. Google Threat Intelligence Group researchers detailed the development in a report released. Zero-day exploits are considered the most serious type of security flaw because they are not detected by security companies and have no known fixes.
The report noted that this was the first time Google had seen evidence of AI being used to develop these vulnerabilities — marking a major change in the cybersecurity landscape, as it suggests newer AI models could be used to create major exploits, not just find them. Google concluded that Anthropic’s Claude Mythos model — was most likely not used to create the zero-day exploit.
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Six solid gold arm rings, described as a “completely unique find,” have been uncovered in Northern Denmark. This discovery has left archaeologists astonished, as they have never encountered anything like it before, according to Torben Sarauw, an archaeologist and cultural heritage manager at the Museums of North Jutland.
Now known as the Rold Treasure, this collection ranks as the third-largest Viking Age gold discovery ever recorded in Denmark. It features six preserved artifacts from the late Viking Age, dating to the period CE 900-1000. The way these items were buried, intact, suggests that their deposit was not accidental. Though much mystery surrounds them, they have officially become the third most significant Viking Age gold hoard ever discovered in Denmark.
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Major institutions are gradually moving away from outdated payment infrastructure and adopting blockchain-based systems for more efficient cross-border transactions. According to the post, XRP and XLM were created with a shared objective: improving international payments by reducing costs, increasing speed, and making transfers more accessible.
XRP and RLUSD are now becoming integrated into that infrastructure, potentially positioning the network for increased blockchain-based settlement activity in the future.
XRP and XLM are two digital assets increasingly aligned with the direction institutional finance appears to be taking as tokenization and blockchain settlement continue to expand.
#Stellar
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