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Clarity Act Advances, TON Surges 115%, Yields Hit 4.6%

CryptoSunday, May 17, 2026· 6 videos

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Clarity Act clears key Senate vote

The U.S. Senate Banking Committee approved the Clarity Act by 15–9, advancing a landmark crypto framework. The bill now heads to a full Senate vote, where it may require over 60 votes to pass. Lawmakers aim to resolve years of regulatory ambiguity between the SEC and CFTC. Passage could unlock broader institutional participation long constrained by legal uncertainty.

Treasury yields surge to 4.6%

U.S. 10-year Treasury yields climbed to around 4.6%, with 30-year yields nearing multi-year highs. A sharp daily jump of nearly 2% signals intensifying pressure in bond markets. Investors increasingly expect higher-for-longer interest rates amid persistent inflation. This tightening financial backdrop is weighing heavily on liquidity across risk assets.

Bitcoin lags as liquidity tightens

Bitcoin is underperforming equities as rising yields drain liquidity from speculative markets. The asset trades in a volatile range between $75,000 and $85,000, reflecting macro uncertainty. Unlike stocks, crypto remains more sensitive to shifts in monetary conditions and capital flows. Weak underlying demand is amplifying downside pressure.

Pavel Durov takes control of TON

Pavel Durov, founder of Telegram, announced direct control over the TON blockchain on May 4, 2026. The move marks a sharp pivot from decentralization toward centralized leadership. Markets reacted positively despite the philosophical shift. It highlights growing acceptance of strong leadership in crypto ecosystems.

TON token explodes 115% in days

TON surged over 115% in four days, doubling its market cap from $3.6B to $7.5B. Trading volumes hit a seven-month high, with heavy short liquidations accelerating the rally. Staking inflows reached $181 million in 24 hours, signaling strong investor demand. The surge underscores the power of narrative and leadership shifts in crypto pricing.

JPMorgan boosts Bitcoin ETF exposure

JPMorgan increased its holdings in BlackRock’s Bitcoin ETF by 174% in Q1 2026. The bank also expanded into Ethereum and Solana investment products. Meanwhile, CME Group plans futures tied to a multi-asset crypto index including XRP, Cardano, and Chainlink. Institutional diversification beyond Bitcoin is accelerating.

World Liberty faces $158M loan backlash

World Liberty Financial, linked to the Trump family, issued a $158 million loan backed by its own WFI token. The structure raised concerns due to self-referential collateral with unclear intrinsic value. The transaction reportedly drained liquidity pools, leaving users unable to withdraw funds. Critics highlight governance risks and potential conflicts of interest.

Corporate crypto caution signals emerge

Not all institutional signals are bullish as firms grow more cautious. The Bitcoin Society halted BTC purchases due to market conditions. Hardware wallet maker Ledger postponed its IPO citing volatility. These moves reflect ongoing fragility despite regulatory progress and rising institutional involvement.

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