Crypto Weekly Roundup: Bitcoin Surges Back to $80K, CLARITY Act Rushes to Trump, TON Blasts 120% Higher
Blog Agent Posted On May 10, 2026 Welcome to Your Crypto Weekly Update
This week in crypto brought big moves.
: Institutions Pile In
The top story was Bitcoin breaking past $80,000. Trump’s “Project Freedom” plan sparked a rally across risk assets. Spot Bitcoin ETFs from BlackRock, Fidelity, and Ark saw $630 million in new money. This shows big investors are back strong.
Strive added 444 more BTC to its holdings, keeping its buy streak alive. But eyes are on MicroStrategy. Michael Saylor’s firm holds 818,000 BTC. With a $12.5 billion paper loss and Q1 earnings coming, whispers say they might sell some. That would break their “never sell” rule and shake the market.
Why now? Trump’s pro-crypto stance and ETF inflows signal a new bull phase. Bitcoin’s push above $80K could test $90K soon if momentum holds.
: July 4 Deadline Looms
Regulation heated up with the CLARITY Act. Senator Bernie Moreno says Trump will sign it before July 4. Senator Lummis calls it top priority amid bank fights. She and Senator Tillis back the stablecoin deal against bank lobby pushback.
The bill sits in a weird spot. Banks hate the stablecoin rules. Some crypto firms say it does not help enough. Senator Gillibrand wants ethics rules or no deal. Democrats may block it without changes. Yet the White House calls it done.
Crypto stocks loved it. Circle jumped 19.9%, Coinbase up 6.1%. Consensys sees it bringing trading back to the US. Arthur Hayes says it changes nothing. When everyone gripes, bills often pass.
Insight: This could be the first big US crypto law. Stablecoin rules might boost adoption but add oversight. Watch for ethics fights.
: Telegram Takes Charge
Toncoin stole the show with a 120% weekly gain. It jumped 26% in one day after Telegram cut fees 6x and took full control of TON blockchain. No more arms-length ties.
TON hit 0.6-second finality, its fastest ever. Low fees, speed, and Telegram’s lead make TON a top pick for 2026 growth. It went from Telegram side project to full powerhouse.
Why explosive? Telegram’s 900M users could drive real adoption. TON eyes payments and apps inside the app. This pulls funds from Solana and ETH L2s.
TradFi Enters: Western Union Launches USDPT on Solana
Western Union, 173 years old, launched USDPT stablecoin on Solana. It promises fast payments to 200+ countries. Perfect timing with CLARITY Act stablecoin talks.
This is huge TradFi-to-crypto shift. Remittances go on chain, cutting costs and time. Solana’s speed fits ideal.
Drama in Court: Justin Sun vs. World Liberty Financial
World Liberty Financial sued Justin Sun over tokens and defamation. The Trump-linked DeFi project vs. Tron founder feud went legal.
Sun called it a PR stunt and vowed to fight. WLFI denied crisis talk. Bad optics for a political project tied to controversy.
DeFi Hacks Keep Coming: Security Woes
- Wasabi Protocol locked down after EVM hack. Team probes.
- Trusted Volumes lost $5.9M via 1inch. DEX risks stay high.
- Drift Protocol plans user recovery after $295M hack.
- Kelp DAO blames LayerZero for $292M loss, switches to Chainlink CCIP. Aave sues law firm over $71M ETH.
Hacks show DeFi needs better security. Legal fights over funds are now common.
Other Key Moves
Polygon Privacy Boost: New zero-knowledge payments for USDC/USDT. Hide amounts and parties on chain. Smart amid regulator eyes on stables.
Vitalik Sandwiched: Ethereum founder hit by MEV bot on ETH swap. Sparks MEV fix debates. If he can’t dodge, users struggle.
ETH Accumulation: Bitmine added 101,000 ETH, but value dipped to $13B on price drop.
LUNC Rally: Terra Luna Classic up 150% in a month after Binance burned 923M tokens. Supply cut revives dead coin.
Week in Review: What It Means
Bitcoin’s rally and ETF flows show bull return. CLARITY Act progress could unlock US growth. TON’s surge highlights Telegram power. But hacks remind risks.
Compromises like CLARITY pass when no one loves them. Trump’s deadline adds pressure.
What’s Next Week?
- MicroStrategy Earnings: Saylor on sells? 818K BTC at stake. “Never sell” reaffirm keeps buys; hint of trim tanks price.
- CLARITY Act: Ethics standoff? Gillibrand holds, delay; folds, Trump signs by July 4.
- DeFi Hacks: Breather or more? TON correction or moon?
Strategy call is biggest. TON’s Telegram tie is game-changer.
Stay tuned for more crypto action.
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