The CLARITY Act faces growing obstacles in the Senate as Republican unity fragments, ethics concerns mount, and Trump’s crypto ties complicate negotiations.
Author: Trader Edge
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Solana (SOL) trades at $84 after six rejections at $90. Network activity drops 32% from peak, and analysts warn of a possible fall to $50.
April 2026 set a grim record with 24+ crypto hacks totaling $600M stolen. Kelp DAO and Drift Protocol suffered the largest attacks. Full analysis inside.
XRP trades at $1.37 after four-day decline and $5.83M ETF outflows, as Rakuten Wallet launches XRP access for 44M users with $23B loyalty points.
Ethereum (ETH) trades at $2,260 facing inflation pressure, bearish derivatives data, and historic May volatility. Key support at $2,200 in focus.
The US Senate unanimously banned lawmakers and staff from prediction markets after insider trading charges. House expected to follow with similar measure.
Bitcoin drops to $76K as PCE inflation reaches 3.5%, highest since 2023. ETFs lose $490M and Fed rate cut odds plummet amid economic uncertainty.
Alphabet (GOOGL) stock jumps 10% after crushing Q1 estimates with $5.11 EPS. Cloud revenue soars 63% as analysts raise price targets to $450.
Amazon (AMZN) fell 1.4% despite crushing Q1 earnings. $44B capex spending and soft Q2 operating income guidance overshadowed strong AWS performance.
CoreWeave (CRWV) executives sold $45M+ in shares via pre-planned trades. Stock gained 8% despite sales, up 59% YTD with May 7 earnings ahead.
Hertz (HTZ) stock surged 18% after Uber selected Oro Mobility to manage its autonomous Lucid robotaxi fleet launching in San Francisco by late 2026.
Nvidia (NVDA) dropped 4% as Google opens TPU sales to external clients and Amazon expands chip operations, despite Big Tech’s $725B AI spending plans.
TSMC (TSM) secures a 30-year wind power deal for 294 MW from Northland Power’s offshore site while stock trades 54% lower amid valuation concerns.
Jim Cramer explains why tech investors now prioritize supply shortages over earnings beats, as chip stocks surge 35% and mega-caps face mixed reactions.
Oppenheimer initiates Palantir (PLTR) with Outperform rating & $200 target. Stock down 22% YTD but analysts see 44% upside ahead of May 4 earnings.