The probability of the CLARITY Act being signed into law in 2026 on Polymarket has increased to 60%.

May 2 (FXStreet) — U.S. President Donald Trump said Friday that the U.S. Navy’s blockade of an Iranian port amid U.S.-Israel conflict with Iran was “kind of like pirates.” He made the comments while referencing the U.S. military’s seizure of a ship days earlier. In a Friday night speech, Trump stated: “We seized that ship, the cargo, the oil — it’s a very profitable business. We’re like pirates. Kind of like pirates, but we’re not playing games.”

On May 2, official sources confirm the Billions Foundation — the first human-AI hybrid consensus network — announced its Token Generation Event (TGE) will take place on May 4. Additionally, Coinbase will add support for Billions (BILL). Users in supported regions can now generate a deposit address for BILL, though deposits won’t be tradable until the asset issuer unlocks transfers.

NEW YORK, May 2 (Reuters) - Tether slowed its gold purchases in the first quarter of 2026 to support its USDT stablecoin, per Reuters reporting. Quarterly data shows its gold buying volume fell to roughly 6 metric tons, down from 27 tons in the prior quarter. As of March 31, Tether’s gold reserves backing USDT rose to about 132 metric tons (valued at ~$19.8 billion), accounting for roughly 10% of its reserve structure. U.S. Treasury bonds remain its primary asset at ~$117 billion, while Bitcoin reserves total ~$7 billion. Separately, gold reserves for XAUT — Tether’s gold-backed stablecoin — increased to ~22 metric tons. Combined, the two product lines hold about 154 metric tons of gold. Tether had previously planned to allocate 10% to 15% of its ~$20 billion investment portfolio to physical gold, but the dedicated trading team for these transactions was disbanded in March this year due to management structure constraints.

On May 2nd, alternative data shows today’s Crypto Fear & Greed Index stands at 39 (up from 26 yesterday), indicating a notable easing of market “fear” sentiment—though it still falls within the “fear” zone. Note: The Fear & Greed Index ranges from 0 to 100, with components including: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

On May 2nd, per Onchain Lens monitoring, a newly created wallet withdrew 1,051 BTC from Binance — a sum valued at approximately $82.37 million.