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The crypto industry has seen significant developments in recent days, with Bitcoin logging its best monthly performance in 12 months during April. The CLARITY Act has been a major point of discussion, with the crypto industry backing a yield compromise that necessitates firms restructure reward programs. Meanwhile, Brazil’s central bank has banned stablecoin and crypto settlement in cross-border payments, and the Ethereum Foundation has sold another 10,000 ETH to BitMine in its third OTC deal.

Markets

Bitcoin has recovered from a midweek dip to climb back above $78,000, with the Senate’s stablecoin yield compromise removing a key roadblock to crypto market structure. The crypto market has also seen significant investment, with Riot posting $167M in Q1 revenue and Kraken parent Payward closing a deal to expand US crypto derivatives. Bitcoin mining stocks have also climbed in 2026, despite Bitcoin’s price lagging behind.

Regulation

The CLARITY Act has been a major point of discussion, with the crypto industry backing a yield compromise that necessitates firms restructure reward programs from a “buy and hold” to a “buy and use” model. However, some have raised concerns over the broad prohibition. Meanwhile, Brazil’s central bank has banned stablecoin and crypto settlement in cross-border payments, closing the back-end payment rail for cross-border flows. A16z has also sided with the CFTC against states seeking to ban prediction markets.

DeFi and Security

The DeFi industry has been forced to rethink risk, security, and market structure after a $292M crypto hack exposed weak spots. Insiders say that changes are necessary to prevent similar incidents in the future. The Ethereum Foundation has also sold another 10,000 ETH to BitMine in its third OTC deal. Additionally, the Linux Copy Fail flaw has been added to the US CISA watch list, highlighting the need for increased security measures in the crypto industry. Sources: CoinDesk, CoinTelegraph

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