📍 If you only catch up on crypto once this week, start here.
The US Senate just took the most important vote in crypto history. A $12 trillion brokerage quietly handed 39 million clients access to Bitcoin for the first time. And an on-chain signal that called the last 400% rally just flashed for only the second time in three years. Here's everything you need to know.
Mixed signals this week. Most coins are down on the seven-day but showing solid gains on the month and year. BTC sitting at $79,610, the global market cap at $2.76 trillion, and the broader trend still pointing in the right direction.
Cryptocurrency prices by market cap via CoinMarketCap
The US Senate Just Made Crypto History
So what happened?
The US Senate Banking Committee voted to advance the Digital Asset Market CLARITY Act — the first comprehensive crypto regulation bill to clear a Senate committee, ever. With Senator Kennedy confirming his yes vote and locking in all 13 Republican votes needed, the bill is now heading to the full Senate floor.
Why does it matter?
For years, crypto companies in the US have operated in a legal grey zone — nobody could agree whether Bitcoin and Ethereum were securities (SEC's turf) or commodities (CFTC's turf). This bill draws that line in law, not just policy. That means institutions sitting on the sidelines waiting for certainty now have their answer.
The bigger picture
The White House has a July 4 target for the President's signature. If it gets there, analysts are pointing to billions in new institutional inflows — and a regulatory blueprint other countries, including Australia, will be watching very closely.
🟢 The tax change coming for Birkin bags, fancy watches and crypto — Investors with money in everything from cryptocurrencies to wine and even high-end handbags could be caught in planned changes to capital gains tax to be unveiled by Treasurer Jim Chalmers on budget night. Read more →
🟢 Bitcoin's most reliable bull signal just flashed for the first time since 2023 — The MVRV "golden cross" — a ratio that compares Bitcoin's current market value to what people actually paid for it — has printed a pattern that historically preceded 400% rallies, including the run to Bitcoin's all-time high of $126,000 in October 2025. Read more →
🟢 Charles Schwab Begins Retail Bitcoin and Ethereum Trading Rollout — The $12 trillion brokerage giant rolled out "Schwab Crypto" this week, letting retail investors trade BTC and ETH directly alongside their stocks and ETFs for the first time — putting one of Wall Street's biggest names in direct competition with Coinbase. Read more →
🟢 Cathie Wood buys popular crypto stock despite revenue miss — A major Wall Street bull added to one of the market's hottest trades, even after the stock had already surged sharply following earnings. Read more →
🟢 Bitcoin Owner Claims Claude AI Cracked Lost Wallet Password, Netting $400K in BTC — A viral thread on X drew millions of views as a user claimed Claude AI helped recover a lost Bitcoin wallet. Read more →
🟢 Senators file over 100 amendments to crypto bill ahead of markup — The Senate Banking Committee dropped the full 309-page text of the CLARITY Act just after midnight on Tuesday, May 11, 2026, ahead of a Thursday committee hearing that could advance the most comprehensive crypto market structure legislation the US has attempted. Read more →
🟢 AUSTRAC Launches Supervision Campaigns as Australia's Crypto Regulatory Reforms Kick In — AUSTRAC launched two targeted supervisory campaigns into Australia's virtual assets sector this week, engaging 36 over-the-counter crypto-to-cash operators and separately auditing 27 local exchanges on reform readiness — ahead of new AML/CTF laws taking full effect. Read more →
🟢 SUI Climbs 31% as Utility Plays Take Over CoinGecko This Week — Sui (SUI) jumped roughly 31% over 24 hours on Sunday, lifting it onto CoinGecko's trending coins list alongside Sweat Economy (SWEAT) and Zano (ZANO) and reviving talk of a fresh altcoin narrative. Read more →
🟢 Trump's Meeting With Xi Jinping Gets Crypto Bettors Wagering On His Vocabulary — Cryptocurrency punters are aggressively betting on what President Donald Trump will say when he travels to Beijing for a summit with Chinese President Xi Jinping. Read more →
🟢 Renowned Physicist Shares 8-Year and 20-Year Forecasts for Bitcoin Price Using the "Power Law" — Physicist Giovanni Santostasi has shared new insights containing interesting predictions about the Bitcoin price. Here's what you need to know. Read more →
🟢 Bitget: 52% of Crypto Investors Turn to Equities, 51% to AI — Crypto investors are no longer staying inside one market. Bitget's 2026 User Asset Allocation Report shows a clear shift: retail traders still hold crypto, but many now add equities, commodities, and AI tools to build broader portfolios. Read more →
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This week's term: The CLARITY Act
The CLARITY Act is a US bill that's been fighting to become law for years. Its whole job is to answer one question: is Bitcoin a security (like a stock, regulated by the SEC) or a commodity (like oil, regulated by the CFTC)? Right now nobody agrees, which means crypto companies don't know which rules to follow and big institutions won't commit their money. If this bill passes, that confusion ends — and a lot of money sitting on the sidelines could come rushing in.
Episode 230 - Bitcoin Hits $82K as BlackRock Goes Bigger With Guest Host Will Wright
TIMESTAMPS:
4:50 BTC touches $82k
8:05 Aave $320 million rescue package
15:13 BlackRock bringing two more funds to the Ethereum blockchain
19:31 Short, sharp news bites
What is DCAing and how can you use it?
The CLARITY Act just cleared its biggest hurdle. For the first time in crypto history, US regulators might actually agree on who's in charge. If it reaches the President's desk by July 4, the floodgates open — and Australia is watching closely.
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