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Yesterday — 5 May 2026Main stream

Cardano Founder Slams Critics, Defends Scaling Strategy and Governance Push

5 May 2026 at 12:56
Cardano Founder Warns 2026 Is “Make-or-Break” for Crypto After $2.5B Loss

The post Cardano Founder Slams Critics, Defends Scaling Strategy and Governance Push appeared first on Coinpedia Fintech News

Cardano founder Charles Hoskinson has pushed back strongly against critics who claim the network ignored scaling to focus on governance. He called the idea misleading and said scaling work has been ongoing for years. 

His response shows a growing debate in crypto about balancing speed, decentralization, and long-term growth.

Governance Concerns Are Growing

Last week, Crypto analyst Cardano Yoda pointed out a key issue with how the system is working today.

Earlier, Cardano was mainly guided by three groups, IOG, the Cardano Foundation, and EMURGO. But after on-chain governance was introduced, the structure changed.

Now, DReps are responsible for voting and decisions, while another group handles execution.

However, Yoda says the system is not fully working as expected. DReps can vote on spending, but they are often not aligned on strategy or priorities. Because of this, real execution still depends heavily on the original founding teams.

He warned that without better coordination, the system could explode.

Hoskinson Rejects “Scaling Was Ignored” Narrative

As these concerns grew, Charles Hoskinson responded directly, rejecting claims that Cardano slowed down scaling to focus on governance.

“I am getting insanely tired of hearing a false narrative that we abandoned scaling,” he said, making it clear that development has been ongoing for years.

According to him, Cardano has been working on multiple scaling solutions even before the Shelley upgrade. These include Layer-2 innovations, a new accounting model called eUTXO, zero-knowledge research, and advanced systems like Leios and Peras.

So, Why Governance Was Introduced?

Hoskinson also explained why governance, especially the Voltaire upgrade, was necessary. He said the goal was to give the community control over decisions, including how and when scaling upgrades are implemented.

“Implementing Voltaire means that every single one of you has a voice and a vote.”


He argued that scaling changes require constant updates, which can’t be something that can be rushed.

Instead of pushing quick fixes, Cardano focused on building long-term solutions. He argued that some networks chose faster but less stable approaches, while Cardano chose a more careful path.

A “Future-Proof” Scaling Plan

Hoskinson claims Cardano now has one of the most advanced scaling strategies in crypto.

“We now have the best scaling strategy in the entire cryptocurrency space,” he stated, pointing to systems like Leios and a broader Layer-2 roadmap.

He believes this approach will deliver stronger performance over time, even if it requires patience.

Lastly, Hoskinson also referenced Bitcoin’s ongoing governance challenges.

He argued that disputes over proposals could split the community, while Cardano’s governance model aims to avoid such conflicts.

CLARITY Act Progress Drives Crypto Rally, Bitcoin Jumps To $81,000

5 May 2026 at 11:23
A "CLARITY ACT" scroll in front of the US Capitol Building, surrounded by various cryptocurrency coins including Bitcoin, Ethereum, and Solana against a trading chart background.

The post CLARITY Act Progress Drives Crypto Rally, Bitcoin Jumps To $81,000 appeared first on Coinpedia Fintech News

The crypto market got a strong boost after progress on the CLARITY Act. U.S. Senators Thom Tillis and Angela Alsobrooks reached a key deal, lifting investor confidence.

The Bitcoin price jumped as regulatory clarity improved. While crypto-linked stocks also rose. Now all eyes are on 21 May.

Bipartisan Deal Clears Major Roadblock

According to a joint statement from Senators Thom Tillis and Angela Alsobrooks, a final agreement has been reached on one of the most debated parts of the bill, i.e, stablecoin rewards.

After months of closed-door talks involving the White House, banks, and crypto firms, both sides agreed on a middle ground. Both senators made their stance clear, stating,

“We respectfully agree to disagree,” signaling that the compromise is final and ready to move forward.

Senator Thom Tillis explained the outcome in detail.

“Our compromise prohibits stablecoin rewards from resembling interest on bank deposits,” while also confirming that “it allows crypto companies to offer other forms of customer rewards. 

However, this approach tries to balance concerns from both banks and crypto companies.

Why This Deal Matters for Crypto

The compromise directly addresses the concerns of traditional banks.

Banks had warned that stablecoins offering interest-like rewards could pull deposits away from the banking system. The new rule removes that risk by restricting such reward structures.

At the same time, lawmakers pointed toward balanced approaches, noting the goal is to “encourage compromise and avoid letting the perfect become the enemy of the good.”

This means crypto firms still have room to innovate, while the financial system remains protected.

Crypto Market Reacts Quickly to Positive Signal

The crypto market responded almost immediately. Bitcoin surged past $81,000, and crypto-related stocks, including Coinbase (COIN), MicroStrategy (MSTR), and Circle (CRCL), rose 4% to 8%. The rally shows how sensitive the market is to regulatory clarity.

Prediction markets are also reflecting this shift. Polymarket shows that the chances of the CLARITY Act becoming law in 2026 have jumped to 70%, up from 42% previously.

What Happens Next?

That gives the Clarity Act a window of roughly two weeks before Congress’s Memorial Day recess on May 21. 

If the markup does not happen before that deadline, the political calendar could push the entire bill past the point of no return for 2026.

Before yesterdayMain stream

Is XRP a Good Investment in May Ahead of the CLARITY Act?

4 May 2026 at 16:59
A line of black textured XRP coins falling or cascading against a bright golden light burst and a green and red candlestick trading chart.

The post Is XRP a Good Investment in May Ahead of the CLARITY Act? appeared first on Coinpedia Fintech News

XRP, the fourth-largest cryptocurrency, is now trading around $1.39 as May begins, on a bullish note. With the CLARITY Act approaching, investors are now watching closely for the next move.

As the overall crypto market is also moving upward, with a total market cap sitting at $2.64 trillion, largely driven by Bitcoin’s recent breakout.

Will XRP see a breakout in May?

CLARITY Act Faces Key May Deadline

The CLARITY Act, which passed the House with a strong 294–134 vote in July 2025, has been stuck in the Senate Banking Committee since then.

The earliest it can move forward is the week of May 11, with the May 21 Memorial Day break acting as a key cutoff. If this window is missed, the midterm election schedule could delay the bill further.

Some senators have warned that if the bill does not pass the Senate by the end of May, the next real chance may not come until 2030.

The bill is also important for XRP. Right now, XRP’s commodity status comes from a joint SEC and CFTC opinion, not a law. The CLARITY Act would make this status official in federal law, meaning it cannot be easily changed later.

On the ETF side, XRP ETFs led the entire sector last week, pulling 53% of the $224 million that flowed into crypto funds globally. That’s already significant institutional interest, and it’s happening before the bill is even signed.

XRP Monthly Returns Could Be the Key Signal

Looking at past data, XRP has been strong in May, with an average return of around 23% over the last decade. This makes it one of its best months of the year.

This time, the setup also looks positive. XRP has already moved above its April high with a 2% gain early in May, showing early strength.

The overall crypto market is also improving, led by Bitcoin’s recent breakout, which usually supports altcoins like XRP.

XRP Price Eyeing Key Resistance Level

XRP is showing a strong recovery as it regains upward momentum on the chart. The chart highlights a symmetrical triangle pattern, where the price is getting squeezed between support and resistance.

According to analyst Ali Martinez, this setup often leads to a strong move. Based on the pattern, XRP could see a 26% price move once it breaks out.

$XRP is getting ready for a breakout!

XRP is currently consolidating within a well-defined symmetrical triangle on the daily chart. As the price moves closer to the apex, market energy is coiling, signaling that a significant shift in volatility is approaching.

By measuring the… pic.twitter.com/77YTlE5Y5t

— Ali Charts (@alicharts) May 2, 2026

Right now, the key levels to watch are $1.40 as support and $1.5 as resistance. This range is acting like a no-trade zone, as the price can move up and down quickly without a clear direction.

If XRP breaks and closes above $1.45, the next target could be around $1.82. On the downside, if it drops below $1.35, the price may fall toward $1.00.

Pi Network News: Why Pi Coin Balances Suddenly Showed Zero on Major Exchanges

4 May 2026 at 11:53
A 3D gold and purple Pi Network (PI) coin resting on a dark reflective surface with a green and white candlestick trading chart in the background.

The post Pi Network News: Why Pi Coin Balances Suddenly Showed Zero on Major Exchanges appeared first on Coinpedia Fintech News

Pi Network balances on platforms like OKX, Bitget, Gate.io, MEXC, and Kraken appeared as “0 Pi.” 

Some of these wallets previously held large amounts, including over 250 million Pi on Gate.io and 43 million on MEXC. Even wallets linked to the Pi Foundation seemed empty on certain explorers.

What Actually Happened?

It all started with screenshots. Pi community members began to notice that on-chain data showed Pi Network’s (PI) token balances on several major centralized exchanges had zeroed.

Even PiScan and other Pi Network trackers temporarily showed zeroed-out balances that had nothing to do with actual coin movement.

Here’s what the numbers looked like across platforms;

  • OKX — 0 Pi
  • Bitget — 0 Pi
  • Gate.io — 0 Pi (this one previously held over 250 million Pi)
  • MEXC — 0 Pi (had been holding over 43 million Pi)
  • Kraken — 0 Pi (previously around 5 million Pi)
  • Pi Foundation’s own wallets — no Pi visible
Pi Network News: Top Exchange and Wallet Pi Balances Hit Zero

Despite this zero showing up on a blockchain explorer, there has been no official statement from the Pi Core Team confirming that funds have disappeared or been removed.

Possible Reasons for a Zero Pi Coin Balance on Exchanges

Pi community experts offer a few likely explanations that are being discussed on the X platform.

  • Explorer glitch: Some blockchain explorers, including PiScan & Pi Network trackers, may be showing incorrect or delayed data.
  • Wallet restructuring: Exchanges could be moving funds into new or hidden storage addresses. When Pi is shifted from one wallet to another, the original wallet can show zero balance.
  • Network upgrade activity: Ongoing upgrades like Protocol 23 may be affecting how balances are displayed.

These are all possibilities, but none are confirmed yet.

Protocol 23 Could Be a Key Factor

Another possible reason behind the major development happening right now is the rollout of Protocol 23. This upgrade, which is expected to bring smart contract features and expand the Pi ecosystem.

Together, these upgrades show a major infrastructure shift for the entire network. Overall, it is predicted that it could be nothing more than a technical display issue that corrects itself in a few days.

Top Crypto Events to Watch This Week: U.S. Economic Data, Unlocks, and Industry Summits

4 May 2026 at 10:41
Global macro events impacting crypto markets

The post Top Crypto Events to Watch This Week: U.S. Economic Data, Unlocks, and Industry Summits appeared first on Coinpedia Fintech News

Monday began on a bullish note for the crypto market, with a 2.3% rally that pushed the market cap to $2.65 trillion. Bitcoin led the market rally, breaking above $80,000 for the first time since January 2026.

This rally comes as several key events are lined up this week, including major economic updates, network upgrades, and token unlocks that could impact crypto prices.

Key US Economic Events To Watch This Week

According to the weekly schedule, the U.S. will release several important economic indicators. 

  • On May 5, job openings data for March is expected to come in slightly lower at around 6.87 million. A drop here may signal a cooling job market, which could support crypto by increasing hopes of future rate cuts.
  • Further, on 6th May, the ADP employment report is expected to rise from 62,000 to 90,000 jobs. Strong job growth can signal economic strength, but it may also reduce chances of rate cuts, which can slow crypto gains.
  • On May 7, initial jobless claims are forecast to increase from 189,000 to 203,000. Higher claims could support crypto, as it may point to a weaker economy and easier financial conditions ahead.
  • On May 8, the unemployment rate is expected to remain steady at 4.3%. These numbers will play a key role in shaping market sentiment, especially for risk assets like crypto.

Major Crypto Launches and Key Conferences

On the crypto side, CME Group is set to launch futures contracts for Avalanche and Sui on May 4. These contracts include:

  • AVAX: 5,000 (standard) and 500 (micro)
  • SUI: 50,000 (standard) and 5,000 (micro)

All contracts are cash-settled in USD, making it easier for big institutions to participate. This could increase demand and price stability for these assets over time.

  • Consensus Miami 2026

Meanwhile, one of the biggest events of the week, Consensus 2026, will take place from May 5 to 7 in Miami. The event will feature over 500 speakers, including industry leaders, and focus on AI, DeFi, and regulation.

Key speakers include SEC Chairman Paul Atkins, Mike Novogratz, CEO at Galaxy, Bo Hines, CEO at Tether USA, Cardano founder Charles Hoskinson, and many more.

  • ETHPrague Conference and Bitcoin Burgenland 2026

In Europe, ETHPrague 2026 will run from May 8 to 10, bringing developers together to discuss upgrades, scaling, and privacy. This helps build future use cases for Ethereum. Key speakers include Vitalik Buterin, Stani Kulechov, Justin Drake, and others.

Another key gathering, Bitcoin Burgenland 2026, will also take place on May 8.

Major Token Unlocks This Week

Several major token unlocks are scheduled this week, which can increase supply:

  • May 5: Ethena (ENA) unlocks 171M tokens ($17.28M, 2.12%)
  • May 6: Hyperliquid (HYPE) releases 9.92M tokens ($300M)
  • May 8: Space and Time (SXT) unlocks 387M tokens ($5.96M, 23.20%)
  • May 9: Movement (MOVE) releases 164M tokens ($2.89M, 4.69%)
  • May 10: Babylon (BABY) unlocks 136M–227M tokens (7–8%)

When new tokens enter the market, prices can face pressure if demand does not match the supply.

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