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16 May 2026, 07:14
XRP faces $2.03 target after US CLARITY Act approval
🚀 Senate panel approval lifts legal uncertainty in $XRP. XRP tests $1.54 after U.S. Continue Reading: XRP faces $2.03 target after US CLARITY Act approval The post XRP faces $2.03 target after US CLARITY Act approval appeared first on COINTURK NEWS .
16 May 2026, 07:00
Crypto Industry Watches As Poland Advances Long-Delayed Regulatory Bill
Poland’s prime minister has tied the country’s repeated failure to pass crypto rules to a high-profile fraud case — a charge that added urgency to a parliamentary vote that had already failed twice before. A Scandal Shapes The Debate Prime Minister Donald Tusk pointed to Zondacrypto , a Polish crypto exchange now under a prosecutor’s fraud probe, as evidence of what happens when investor protections are not in place. Thousands of the exchange’s users reportedly could not access their funds, and Tusk alleged the platform had ties to Russian capital and influence dating to its early years. He argued that Poland’s inability to finalize a regulatory framework had slowed any official response to the crisis. The exchange scandal cast a long shadow over this week’s sitting of the Sejm, Poland’s lower house of parliament, where lawmakers debated four separate crypto bills simultaneously. On Friday, they approved the government-backed bill — numbered 2529 and supported by the Ministry of Finance — by a vote of 241 to 200. It was the third time the government had pushed this kind of legislation through parliament after President Karol Nawrocki vetoed two earlier versions. The approved bill hands broad authority to Poland’s Financial Supervision Authority, known as the KNF, to monitor crypto market participants, impose administrative penalties, and block accounts and transactions when deemed necessary. Sejm uchwalił ustawę o rynku kryptoaktywów. Ustawa daje Komisji Nadzoru Finansowego kompetencje do kontrolowania podmiotów rynku, nakładania sankcji administracyjnych oraz czasowego blokowania rachunków i transakcji. pic.twitter.com/WGzmTA8wez — Sejm RP (@KancelariaSejmu) May 15, 2026 Critics Point To Unchanged Provisions Not everyone in the crypto community welcomed the outcome . Market participants and commentators noted that the account and transaction blocking provisions — the same ones that prompted Nawrocki’s previous vetoes — remained largely intact in the final text. Proposed changes such as stronger judicial oversight of enforcement actions were not included. With those concerns unresolved, many observers expect the president to veto the bill again. That prospect worries industry players, since a third rejection would deepen regulatory uncertainty at a particularly inconvenient time. Poland is required to bring its rules in line with the European Union’s Markets in Crypto-Assets Regulation, known as MiCA, with implementation deadlines approaching in July. Four Bills, One Outcome The vote came after lawmakers reviewed competing proposals from four separate sources: the government, the president, the Confederation party, and a parliamentary group. A committee merged the texts before the final vote, and the government version ultimately prevailed. Featured image from Hotels.com, chart from TradingView
16 May 2026, 06:38
Massive XRP Network Surge Followed Price Rally to 2-Month Peak
Although Ripple’s cross-border token couldn’t continue its run that began on Thursday, it still managed to result in an impressive peak for the overall usage of the ecosystem’s network. Meanwhile, analysts noted that certain investors are “quietly buying long positions,” as the asset remains below the key 100 EMA line. Network Usage Rocketed as Price Tried to Break Out XRP’s price went on an impressive run on Thursday, most likely propelled by the progress of the CLARITY Act in the US. As reported, the long-anticipated bill passed the Senate Banking Committee, which was considered a major step in the right direction for the legislation to be signed into law. Ripple’s token could be among the biggest beneficiaries of the bill, given its controversial history with the SEC and the lawsuit about its status as a security (or not). Consequently, its price felt a substantial uptick once the bipartisan vote went in favor of the bill, with 15-9, and XRP jumped from $1.42 to $1.55. This became its highest price tag in approximately two months. This substantial increase also impacted the XRP Ledger’s activity, according to Santiment Intelligence. The analysts said this surge was “enough to help the network erupt to its highest level of on-chain activity since March.” Both active addresses and network growth reached levels not seen since March. The $XRP price surge above $1.54 for the first time in 2 months was enough to help the network erupt to its highest level of on-chain activity since March. The XRP Ledger just had its highest 24-hour period of: Active Addresses (48,453: Highest Since March 30) Network… pic.twitter.com/iInHHdei5P — Santiment Intelligence (@SantimentData) May 15, 2026 It’s worth noting, though, that XRP was rejected almost immediately at $1.55 and dumped to its starting point, where it sits now as well. Santiment added that this activity spike is likely just general price FOMO, but explained that more transacting on a network is still a “key ingredient to mid- and long-term price growth.” Someone Is Quietly Buying Weighing in on XRP’s price movements, popular analyst CW said the “position delta value actually increased” as it appears that “someone is quietly buying long positions.” They even increased their positions at lower prices after the token dropped. In a separate post, the analyst explained that XRP has not broken through the 100 EMA line, which appears as the first major obstacle ahead. If it does, then it will likely continue to the 200 EMA line, which is currently at $1.70. It’s worth noting that the token hasn’t reached such high levels in well over three months. The post Massive XRP Network Surge Followed Price Rally to 2-Month Peak appeared first on CryptoPotato .
16 May 2026, 06:02
CLARITY Act Boosts Bitcoin Outlook – But Analysts See Risks Ahead
Although there’s still a lot of work to be done to become law, the highly anticipated CLARITY Act finally passed the Senate Banking Committee a few days ago, which was a significant step in the right direction. The effects in the crypto market were immediate but didn’t last long , and analysts at Santiment warned that the rapid narrative shift could still be unsustainable. CLARITY Act’s Potential Impact Santiment’s post on the CLARITY Act noted that BTC had seen a “major spike of euphoria across social media” after the Senate advanced the bill in a 15-9 bipartisan vote. The analysts agreed with other experts’ opinion that BTC and the entire crypto industry are now one step closer to getting regulatory clarity in the US. The CLARITY Act is arguably the most comprehensive piece of crypto legislation in the US, which could answer some really important questions about which assets are considered securities and which are not. As such, any progress on the bill being signed into law should be “considered bullish for crypto (in the long run) because it could finally give the industry clearer rules in the United States.” Santiment believes one of crypto’s largest issues now, especially in the US, is uncertainty. Companies, legacy investors, and large banks are “hesitant to fully commit because they do not know which crypto assets could later be labeled securities, what rules they must follow, or whether regulators might suddenly crack down on them.” However, all of that could change in an instant if the CLARITY Act passes. Santiment predicted “more institutional money and powerful players would be expected to enter (or re-enter) the markets” if it becomes law. Bullish Comments Not Always Great Although Santiment’s post added that prices will be boosted if the bill is officially signed into law, it warned that this is far from being a reality now, and it could actually cap crypto assets’ progress for now. “Don’t be surprised, however, if the market values for many top caps get somewhat ‘baked in’ before the CLARITY Act officially gets ruled on.” Additionally, the analysts explained that the bullish comments rocketed to 1.55 for every 1.00 bearish one after last Thursday’s passage in the Senate Banking Committee. However, such circumstances are not ideal, and Santiment has warned multiple times in the past that when the crowd turns too bullish, they “advise caution” as “markets typically move opposite to the crowd’s expectations at all times.” The post CLARITY Act Boosts Bitcoin Outlook – But Analysts See Risks Ahead appeared first on CryptoPotato .
16 May 2026, 06:00
How CLARITY Act Clears Ripple-Linked XRP for Run to $2
XRP eyes a $2 breakout as the Senate's CLARITY Act clears the way for a massive weekly Bollinger Bands squeeze for Ripple's "North Star".
16 May 2026, 04:32
Anthropic's record copyright deal stalls over fee questions
A federal judge declined to finalize Anthropic’s $1.5 billion settlement with authors on Thursday, asking for more detail on attorney fees and payments to lead plaintiffs before signing off on what would be the largest copyright settlement in U.S. history. U.S. District Judge Araceli Martinez-Olguin probed lawyers on several unresolved issues during a May 14 hearing in San Francisco. That leaves about 120,000 authors and copyright holders waiting for resolution of a case that’s been dragging on since 2024. Anthropic accused of downloading 7M+ pirated books The lawsuit accused Anthropic of downloading more than 7 million pirated books from shadow libraries LibGen and PiLiMi to train its models. Now-retired Judge William Alsup ruled in June 2025 that Anthropic’s use of the books for AI training qualified as fair use, as long as the works were obtained legally. But he found that stockpiling pirated copies in a “central library” that went beyond training purposes wasn’t protected. That ruling set up a trial, originally scheduled for December 2025, where Anthropic faced potential damages in the hundreds of billions of dollars. Rather than go to trial, Anthropic agreed to the $1.5 billion settlement. Alsup preliminarily approved it in September 2025. The case was later reassigned to Martinez-Olguin after Alsup retired. Authors and publishers filed claims covering more than 91% of the ~480,000 eligible works in the settlement class, according to court filings cited by Reuters. That participation rate dwarfs the 9% median for U.S. consumer class actions, based on a 2019 Federal Trade Commission (FTC) report. “This claims rate is another reason why this settlement is so historic and demonstrates the overwhelming support of the class,” lead plaintiff attorney Justin Nelson of Susman Godfrey told Reuters in April. Each title would receive at least $3,000 before costs and fees, split between authors and publishers, according to the Authors Guild . Self-published authors and those whose rights have reverted would keep the full amount. The standard default split between publishers and authors for non-educational works is 50/50. Some authors opted out of the Anthropic settlement Anthropic’s settlement has drawn criticism from some authors, who argue that the total amount is too low compared to the scale of the alleged piracy. Other authors have challenged the proposed attorney fees. The plaintiff law firms, Susman Godfrey and Lieff Cabraser, are requesting $187.5 million, or 12.5% of the fund. That’s down from the $300 million they originally sought after Alsup pushed back in December. More than 25 writers opted out of the settlement entirely. That group, which includes novelists Dave Eggers and Vendela Vida, filed a new lawsuit against Anthropic in California on May 13. One day before the final approval hearing. Several other authors and publishers with similar claims have separate ongoing lawsuits against the company. If you're reading this, you’re already ahead. Stay there with our newsletter .
