The post US CLARITY Act Will Die In 14 Days If The Senate Doesn’t Act appeared first on Coinpedia Fintech News

The CLARITY Act, a major U.S. crypto regulation bill, is now facing a do-or-die moment. Senator Bill Hagerty confirmed the bill will enter the Senate Banking Committee this week.

If it doesn’t get a vote by the end of April, the biggest crypto legal framework will die without ever reaching a full Senate floor vote.

14 Day Deadline or End Of Clarity Act Bill

Senator Bill Hagerty confirmed that the CLARITY Act will go before the Senate Banking Committee during the current work period. The Senate now faces a tight two-week window before the Memorial Day break limits action time.

The main issue is that Chairman Tim Scott has not set a date for the markup yet. Without a set date, the bill is still stuck, and there is no clear progress.

After the Memorial Day break, the 2026 midterm elections will dominate the calendar. By October, senators will shift focus toward campaigning instead of passing legislation.

There is also a political risk. If Democrats regain control of the House and Senate in November, passing this bill could become significantly more difficult.

Therefore, senators said, if the bill does not reach the Senate floor by the end, it will then die. 

Stablecoin Yield Fight That Almost Killed the Bill

The main issue delaying this bill for four months is stablecoin yield, whether platforms like Coinbase can give interest-like rewards on stablecoins.

Banks strongly opposed it, saying it could pull money out of bank accounts. The Independent Community Bankers of America even warned of $1.3 trillion in deposit losses for small banks, and big banks spent about $56.7 million lobbying against it in 2025.

Recently, Coinpedia news reported that a White House report challenged that claim. It said banning stablecoin yield would only increase bank lending by about $2.1 billion, which is just 0.02% of total U.S. loans, while consumers would lose around $800 million each year.

Why America Desperately Needs This Bill?

For almost 10 years, crypto rules in the U.S. have come mainly from lawsuits. The SEC sues projects, courts decide what a security is, and everyone else is left guessing the rules. There is still no clear law for exchanges, developers, or investors.

The CLARITY Act tries to fix this. It clearly splits control between the SEC and the CFTC.

On March 17, 2026, the SEC and CFTC said in a joint report that Bitcoin, Ethereum, Solana, XRP, and Dogecoin are digital commodities. The CLARITY Act will turn this rule into official law, preventing future changes easily.

The next two weeks are critical. If the Senate Banking Committee schedules and passes the markup. If the bill reaches the Senate floor in May, then it will be well and good, and final approval could happen by early summer

If lawmakers fail to act, they will delay the bill until after elections or abandon it in its current form.

The post Alameda Research Moves $16 Million in SOL to FTX Creditor Wallet appeared first on Coinpedia Fintech News

Defunct crypto exchange FTX’s sister company, Alameda Research, just unstaked 198,425 SOL worth around $16 million and moved it to an FTX creditor distribution wallet.

The transfer is part of the ongoing $12.7 billion repayment plan, and with $5.1 billion still owed.

198K SOL Unstaked and Sent to FTX Wallet

According to on-chain data tracked by Arkham Intelligence, Alameda Research’s staking account transferred approximately 198,425 SOL, valued at around $16.18 million, to an FTX-linked bankruptcy wallet. 

Despite this transfer, Alameda still holds around 3.57 million SOL, valued at over $293 million.

This is not the first time Alameda has unstaked large amounts of Solana. Earlier in March 2026, Alameda unstaked $17 million worth of SOL as part of the same repayment process. 

All this transfer is a part of ongoing payments to creditors after one of crypto’s biggest collapses. Meanwhile, a New York court ordered FTX and Alameda to repay $12.7 billion, of which $7.6 billion has been paid so far, with about $5.1 billion remaining.

Will Solana Token Price Dip, Following Alameda Unstaked

The bankruptcy team is not selling everything at once. Instead, they are splitting the total amount into smaller parts and moving them through different wallets. This helps avoid a sudden crash in SOL price and protects the value for creditors.

Even with this careful approach, SOL is down about 1% in the last 24 hours, trading near $81.93. 

In the past, each large unlock caused a short-term drop of around 3%–5% as traders expected more selling.

With billions still to recover and monthly transfers continuing, Alameda’s SOL wallet will remain one of the most watched addresses in crypto until the final creditor is made whole.

The post U.S.-Iran Peace Deal Failed, Crypto Markets Brace for Volatility  appeared first on Coinpedia Fintech News

After 21 hours of continuous talks in Islamabad, Pakistan, the U.S.-Iran peace deal broke down on April 12, 2026. Financial experts said that this will now trigger a market crash once the market opens on Monday.

And Crypto will take the hardest hit. Early signs of weakness are already visible, with Bitcoin and Ethereum both slipping around 1.5% today.

U.S.-Iran Peace Talks Fail

In a recent press release, U.S. Vice President JD Vance announced that the peace talks between the U.S and Iran failed to reach an agreement, saying Iran had “chosen not to accept our terms.” The sticking point was non-negotiable for Washington. 

Vance stated that the U.S. needed “an affirmative commitment that they will not seek a nuclear weapon and will not seek the tools that would enable them to quickly achieve a nuclear weapon,” calling it the core goal of President Trump’s entire negotiation strategy.

Within hours of the announcement, President Trump took to Truth Social, declaring that Iran was “unwilling to give up its nuclear ambitions” and ordered the U.S Navy to immediately begin blockading the Strait of Hormuz. 

However, the collapse also puts a fragile two-week ceasefire at risk, increasing fears of further escalation.

Rising Pressure To Dump Stock Market 

With diplomacy failing, traders are now pricing in conflict risk.

At the same time, bonds are being sold, yields are rising, the dollar is weakening, and liquidity is tightening.

The Federal Reserve has also raised its 2026 inflation forecast to 2.7% as oil stays above $100, and hopes of rate cuts are fading. This leaves central banks with limited options to support the economy.

With all this pressure, stock markets may see heavy selling when trading opens on Monday.

Crypto To Hit Hard, BTC and ETH Both Fall

Crypto is usually hit harder than stocks in these conditions. That’s already starting to show. Bitcoin price already dropped below $71,000, while Ethereum fell below $2,200, and the total crypto market cap slipped nearly 1%, falling to $2.41 trillion.

This fearful behavior can be seen in whale activity, too. A large whale made a big trade of over $10 million as soon as Bitcoin dropped below $71,000. This is often seen as a sign that the current trend may continue.

At the same time, market makers are selling, and both open interest and spot trading volume are going down.

In Ethereum, a whale holding 131,000 ETH (worth about $288 million) recently made a profit. They bought 5,039 ETH at $1,985 two weeks ago and just sold 5,000 ETH at $2,202, locking in gains.

The post Polkadot Exploit: 1B DOT Minted, Dumped for $237K, Price Crashed appeared first on Coinpedia Fintech News

Polkadot (DOT), an open-source sharded multichain protocol, was exploited after an attacker minted 1 billion tokens and dumped them for 108.2 ETH ($237K), crashing the bridged DOT price from $1.22 to near $1.

Multiple exchanges, including Upbit, suspended DOT deposits and withdrawals in response.

How The Polkadot (DOT) Exploit Happened

On April 13, 2026, the attacker sent a fake proof to a vulnerable contract on Ethereum. This proof looked real to the system, so it passed the security checks and triggered an important function in the bridge.

That single action caused two major problems. First, it gave the attacker full control of the bridged DOT token contract by changing the admin to their own wallet. This meant they now had the power to manage and create tokens.

After gaining control, the attacker minted 1 billion DOT tokens out of thin air and sent them to a new wallet. This was around 2,805 times more than the actual supply at that time.

They then dumped all the tokens into Uniswap V4 in a single move, draining about 108.2 ETH (around $237,000) from the liquidity pool.

The attacker routed the funds through Odos Router V3 and sent them back to their wallet, while the fake supply crashed the token value.

Why This Happened: HyperBridge Security Failure

The exploit was possible due to a flaw in how the bridge verified cross-chain messages. This happened because the system trusted a fake proof.

Hyperbridge developers built the system to remove human control and rely only on cryptographic proofs for cross-chain verification. But the attacker managed to create forged proof that the system mistakenly accepted as valid.

Once that fake proof passed, the contract automatically executed it, giving the attacker control and allowing them to change permissions and mint tokens.

DOT Price Crashed to $1

The impact was felt almost instantly; the DOT token price crashed from around $1.22 to nearly $1 in the same transaction block.

Some platforms have already reacted quickly. Upbit temporarily suspended DOT deposits and withdrawals as a precaution.

Developers are now working to investigate the exploit and fix the vulnerability. Exchanges may continue adding more restrictions until teams fully understand the issue and assess ongoing risks.

Hyperbridge and Polytope Labs have not released any official detailed statement on mitigation steps, recovery plans, or system pauses yet.

The post Kalshi Wins as Federal Court Blocks Arizona Crackdown Until 24th April appeared first on Coinpedia Fintech News

A federal judge in Arizona temporarily blocked the state from enforcing gambling laws against Kalshi, siding with federal regulators. The ruling pauses enforcement until April 24 and signals that event-based contracts may fall under federal derivatives law rather than state gambling rules.

U.S. District Court Sides With Federal Regulators

On 10th April, U.S. District Judge Michael Liburdi granted a temporary restraining order preventing Arizona from pursuing criminal or civil action against Kalshi. The decision followed a request from the Commodity Futures Trading Commission (CFTC), which argued the platform operates under federal jurisdiction.

Arizona had filed 20 misdemeanor counts against Kalshi, accusing the company of running an unlicensed wagering business involving elections and sports outcomes. 

However, the court indicated the CFTC is likely to succeed in arguing that Kalshi’s contracts qualify as “swaps” under the Commodity Exchange Act, placing them under federal oversight.

The restraining order remains active until April 24, when the court will decide whether to issue a longer-term injunction.

Why States Are Challenging Kalshi?

This is because Kalshi allows users to trade “Yes” or “No” contracts based on event outcomes. The company argues these are financial contracts traded between participants, not bets placed against a house.

State regulators, including Arizona, view the activity as gambling. Last week, Nevada extended a ban on Kalshi, while Utah lawmakers passed legislation targeting similar prediction contracts.

The disagreement centers on whether event markets should be treated as derivatives or betting platforms.

Kalshi’s Rapid Growth Adds Stakes

The legal battle comes as Kalshi rapidly expands. As of April 2026, the platform is valued at around $22 billion following a March funding round. It currently accounts for roughly 89% of U.S. prediction market volume, making it a dominant player.

User growth has also surged. Monthly active users increased from about 600,000 at the start of 2025 to around 5.1 million by early 2026. Trading activity is accelerating as well. In March 2026 alone, Kalshi recorded $13.1 billion in transaction volume, marking a 25.2% jump from the previous month.

These numbers highlight why the classification debate has become more important for regulators.

Next Key Date: 24th April

The temporary order remains in effect until April 24, when the court will consider issuing a preliminary injunction. Meanwhile, Kalshi continues its civil claims against several states

The case may shape how prediction markets are regulated in the U.S., determining whether they are treated as financial instruments or gambling products.