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Coinbase CEO Brian Armstrong throws weight behind revised CLARITY Act ahead of Senate vote

Coinbase CEO Brian Armstrong throws weight behind revised CLARITY Act ahead of Senate vote

Coinbase chief executive Brian Armstrong has publicly endorsed the updated version of the Digital Asset Market Clarity Act, just before the Senate Banking Committee is set to mark up the legislation on Thursday. Armstrong described the current draft as the strongest yet, following extensive negotiations among lawmakers, banking institutions, and cryptocurrency companies over several months.

The most notable change in the revised bill addresses the contentious issue of stablecoin yields. Under the new compromise, brokered by Senators Thom Tillis and Angela Alsobrooks, passive rewards for merely holding stablecoins are prohibited. However, activity-based rewards tied to payments, platform usage, or genuine blockchain network activity remain permissible. Armstrong noted that while neither side walked away completely satisfied, both banking and crypto groups found common ground they could accept.

Earlier drafts stalled in January after Coinbase opposed them, primarily due to the stablecoin yield provisions. The latest text also incorporates improvements related to decentralized finance, tokenized securities, and the Commodity Futures Trading Commission’s authority over digital asset markets. These changes address many of the concerns Coinbase raised previously. Additionally, the 309-page bill includes language affecting non-custodial software developers and infrastructure providers, potentially influencing how decentralized finance builders are regulated under federal law.

As the markup approaches, over 100 amendments have been submitted to the broader Senate crypto market structure bill. Lawmakers are expected to debate modifications covering stablecoin regulations, developer protections, ethical standards, and enforcement mechanisms before deciding whether to move the legislation forward.

Public opinion appears to favor the CLARITY Act. A HarrisX poll of 2,008 registered U.S. voters found that 52% support the bill, while only 11% oppose it, with net backing across Democrats, Republicans, and independents. The survey’s results add political pressure on senators to act. Meanwhile, a 2025 report from the National Cryptocurrency Association, based on responses from 54,000 U.S. residents, revealed that roughly 20% of Americans own cryptocurrency, with 67% of owners under 45 and 52% treating it as an investment.

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Kevin Warsh Confirmed as Federal Reserve Chair Ahead of Key Crypto Regulation Vote

Kevin Warsh Confirmed as Federal Reserve Chair Ahead of Key Crypto Regulation Vote

The U.S. Senate has officially confirmed Kevin Warsh as the next chair of the Federal Reserve. The close vote of 54 to 45 mostly followed party lines, with Democratic Senator John Fetterman crossing over to support the nominee chosen by President Donald Trump.

Warsh’s appointment also includes a 14-year term as a Fed governor. He will assume the role of chair as Jerome Powell’s term concludes this week. Powell will continue to serve on the Fed board until 2028.

Democrats voiced concerns over whether Warsh would preserve the central bank’s independence from political pressure. Trump has repeatedly called for reduced interest rates despite inflation exceeding the Fed’s 2% target. Warsh, who previously served as a Fed governor from 2006 to 2011, faced scrutiny over his financial disclosures and potential conflicts of interest related to private investments. Reports indicate his filings revealed exposure to over 20 blockchain and digital asset firms through venture fund structures.

Warsh’s crypto-linked holdings include indirect stakes in platforms such as Solana, dYdX, Polymarket, Dapper Labs, Optimism, and Lightning Network infrastructure. He has committed to divesting these assets to comply with Fed ethics rules following his confirmation.

The crypto community is closely monitoring his policy direction. Warsh has characterized Bitcoin as “transformative” and a useful tool for policymakers. He has also highlighted artificial intelligence as a major driver of productivity, influencing his views on inflation and interest rates.

His confirmation coincides with the Senate Banking Committee’s markup of the Digital Asset Market Clarity Act. This bill aims to establish clearer regulations for crypto markets and allocate oversight among U.S. agencies. The legislation has faced delays as lawmakers balanced Fed chair hearings with crypto policy. Banks have pushed back on stablecoin yield provisions, creating a key dispute.

The convergence of monetary policy and crypto regulation places both issues in the Washington spotlight. Traders are tracking Warsh’s confirmation, stablecoin yield discussions, and the Clarity Act as interconnected policy events that could impact risk assets.

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Anthropic’s Claude AI Recovers 5 BTC from Decade-Old Wallet

Anthropic's Claude AI Recovers 5 BTC from Decade-Old Wallet

A crypto user known as Cprkrn turned to Anthropic’s Claude AI to recover 5 Bitcoin from a wallet untouched for over ten years. The cache, valued at roughly $397,000 when Bitcoin traded near $79,410, was locked in an old Blockchain.com wallet since 2015.

According to Cprkrn’s X posts, the user had exhausted traditional recovery methods, including trillions of password attempts, before turning to AI. By feeding old hard drive files into Claude, the AI identified a command fix for btcrecover—a wallet recovery tool—and helped decrypt private keys tied to the address. The breakthrough allowed the user to sweep the funds on May 13.

While Cprkrn described Claude as having ‘cracked’ the case, experts note that the AI assisted in file searching and workflow optimization, not in breaking Bitcoin’s encryption. This distinction is crucial because Bitcoin’s security relies on private keys; if lost, coins remain onchain but unspendable. Ledger’s 2025 guide estimates 2.3-3.7 million BTC are permanently lost due to similar issues.

The incident also sparked security warnings. Uploading wallet files to AI platforms can expose sensitive data, including private keys. Past reports have highlighted phishing attacks targeting wallet users, emphasizing that sharing seed phrases or private keys online—even with AI—carries significant risk. While Claude’s role in this recovery was beneficial, it underscores the balance between leveraging AI for recovery and maintaining security best practices.

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Arsenal Warned About Kvaratskhelia Threat Ahead of UCL Final

Arsenal Warned About Kvaratskhelia Threat Ahead of UCL Final

Former Liverpool midfielder Danny Murphy has sounded a warning for Arsenal ahead of the Champions League final, describing Paris Saint-Germain’s Khvicha Kvaratskhelia as the finest winger currently playing.

Murphy, who also represented Fulham during his playing days, expects Arsenal to deploy Cristhian Mosquera at right-back if Jurrien Timber is not fully fit for the clash. Mosquera, a natural center-half, may find it tough against the Georgian international.

Speaking to talkSPORT, Murphy acknowledged the challenge: “It doesn’t bear thinking about, does it?” regarding the prospect of facing Kvaratskhelia. He added that Mosquera is a defender with pace who can play at right-back, position himself well, and compete one-on-one. “It’s not the end of the world, but it’s not ideal,” Murphy said.

“He is currently the best winger in the world. He has incredible physicality and strength, combined with a sharp football brain: he knows when to release the ball quickly and when to hold onto it, and he can go past players.” Murphy also highlighted the Georgian’s ability to play on either flank, noting PSG’s versatility with Ousmane Dembele and Desire Doue also able to switch sides. “It’s a massive test for Arsenal; they will need an outstanding performance to win on the night,” he concluded.

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Jose Mourinho on the Verge of Real Madrid Return as Talks Progress

Jose Mourinho on the Verge of Real Madrid Return as Talks Progress

Jose Mourinho’s move back to Real Madrid is reportedly in its advanced stages, with negotiations between the Portuguese manager and the LaLiga giants intensifying. According to reliable sources, Mourinho, currently at Benfica, is on the brink of sealing a return to the Santiago Bernabeu ahead of next season.

Transfer insider Fabrizio Romano shared via social media that discussions have been constructive, though the final green light from club president Florentino Perez is still pending. Romano noted that the deal might be influenced by upcoming presidential elections at Real Madrid, but Mourinho remains eager and prepared for the challenge.

The 63-year-old tactician is poised to succeed Alvaro Arbeloa, who took over as interim coach following Xabi Alonso’s dismissal in January. Mourinho’s second stint at the Spanish capital aims to bring stability and success to a team that has faced managerial upheaval this campaign.

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Guardiola Explains Surprise Omission of Haaland and Doku vs Crystal Palace

Guardiola Explains Surprise Omission of Haaland and Doku vs Crystal Palace

Manchester City manager Pep Guardiola has shed light on his decision to bench star players Erling Haaland and Jeremy Doku for the Premier League clash against Crystal Palace at the Etihad Stadium. The Catalan tactician made six alterations to his starting lineup for the midweek fixture.

Speaking after the match, Guardiola emphasized the need to rotate his squad due to a grueling schedule. He noted that the team would be traveling to London for an FA Cup final against Chelsea, followed by a trip to Bournemouth, who are in excellent form.

Guardiola stated that he trusts every player in his squad, regardless of whether they start or not. He acknowledged that decisions are often judged based on results, but he remains committed to making choices he believes are best for the team.

The Manchester City boss also highlighted the challenges of travel and recovery, pointing out that Chelsea will have had a full week to prepare for the cup final while City have just three days between matches.

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Tobi Amusan Secures First Gold for Nigeria at ASAC 2026

Tobi Amusan Secures First Gold for Nigeria at ASAC 2026

In a stellar performance at the 2026 African Senior Athletics Championships, world-record holder Tobi Amusan captured the women’s 100m hurdles title on Wednesday, earning Nigeria its first gold medal of the event. This victory marks Amusan’s third time winning the 100m hurdles crown at these championships, solidifying her dominance on the continent.

The race saw Zimbabwe’s Ashley Miller take home the silver medal, while Nigeria’s Adaobi Tabugbo rounded out the podium with a bronze finish. For Tabugbo, this achievement represents her first individual medal at a major international competition, a promising milestone in her career.

With Amusan’s gold, Nigeria’s total medal count at Accra 2026 now stands at one gold, one silver, and two bronze medals. The team’s performance continues to highlight the depth of talent in Nigerian athletics.

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Akor Adams Strikes Again as Sevilla Stun Villarreal 3-2 in LaLiga Comeback

Akor Adams Strikes Again as Sevilla Stun Villarreal 3-2 in LaLiga Comeback

Nigerian striker Akor Adams continued his impressive form by finding the back of the net for the second consecutive match, helping Sevilla secure a dramatic 3-2 victory over Villarreal on Wednesday night. The visitors overcame a two-goal deficit to claim all three points in a thrilling encounter.

Villarreal started strongly, taking a 2-0 lead within the opening 20 minutes thanks to goals from Gerard Moreno and Georges Mikautadze. However, Sevilla refused to capitulate. Oso pulled one back in the 36th minute, and Kike Salas leveled the score just before halftime.

The match turned in Sevilla’s favor when Adams scored the decisive goal with 18 minutes remaining, completing the comeback. This goal marked Adams’ 10th league goal of the season, highlighting his growing influence for the Rojiblancos.

Sevilla will now prepare to host Real Madrid in their next LaLiga fixture on Sunday, aiming to build on this momentum.

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Abia Angels Applaud Coach Eshalomi for Super Six Qualification

Abia Angels Applaud Coach Eshalomi for Super Six Qualification

Abia Angels have expressed gratitude to their head coach, Mario Eshalomi, for steering the team to a spot in the Nigeria Women Football League (NWFL) Super Six playoffs. The club officially recognized his pivotal role in their successful campaign on Wednesday.

The Abia State side secured their playoff berth alongside Robo Queens and Nasarawa Amazons from NWFL Conference B, marking a significant achievement for the team.

According to the club, Eshalomi transformed the squad’s mindset and instilled a winning belief. “Coach Mario came in and changed the mentality. He made us believe we belonged in the Super 6,” a statement from the club read.

Eshaloni joined Abia Angels from Rivers Angels, the former NWFL champions. Before that, he had coaching stints with Delta Queens and Royal Queens, bringing a wealth of experience to his new role.

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Sani’s Comeback Gives Bichi First FC a Lift Ahead of Cup

Sani’s Comeback Gives Bichi First FC a Lift Ahead of Cup

Bichi First FC is set for a major boost as midfielder Umar Sani makes his return from a minor injury just in time for the 2026 President Federation Cup. The team, which competes in the Nigeria National League (NNL), had been missing Sani’s creative presence in recent matches.

Sani played an instrumental role in helping Bichi First secure their place in the cup’s final rounds. His recovery is a timely addition for the side, which is determined to make a deep run in the tournament.

The club, representing Kano alongside NPFL side Barau FC, is now focused on the upcoming Round of 64. The Nigeria Football Federation (NFF) is yet to confirm the exact date for these matches, but preparations are already underway.

Sani’s experience and energy in midfield will be crucial as Bichi First looks to challenge stronger opponents. His return has lifted spirits within the squad, with teammates and fans optimistic about their chances in the competition.