Weekly Crypto Recap: CLARITY Act Push, Kraken's On‑Chain Perps, and Market Moves

This week’s crypto news highlighted regulatory developments, institutional initiatives, and market infrastructure updates.

Senators Continue CLARITY Act Efforts

Seven Democratic senators stated they will keep negotiating the CLARITY Act after a recent Senate vote failed to pass the legislation.

Kraken Parent Payward Targets Regulated On‑Chain Perpetuals

Payward, the parent company of Kraken, announced plans to launch the first regulated U.S. on‑chain perpetual futures market using the Hyperliquid protocol. The integration could connect Hyperliquid with up to six million Kraken accounts.

Revolut Breach Actors Shift Ransom Demand to Monero

Attackers claiming responsibility for the Revolut data breach have changed their ransom demand from Bitcoin to 6,000 XMR, an amount estimated at roughly $3 million.

Kalshi Dominates U.S. Prediction‑Market Volume

Prediction‑market platform Kalshi reported handling more than $40 billion in monthly volume, representing about 80 % of the U.S. market share.

Market Outlook

Bitmine chairman Tom Lee reiterated a bullish outlook for the next 12 months, citing growing Wall Street interest in crypto assets.