Payward plans to raise new funds at a valuation of $20 billion

Coinbase CEO Brian Armstrong has confirmed that he will speak in the Senate tomorrow in support of the Bitcoin and Crypto Market Structure Act. （The Bitcoin Historian）

Coinbase CEO Brian Armstrong is scheduled to speak at a Senate Republican guidance lunch on Wednesday, and the Clarity Act will be marked on Thursday.

According to sources, Payward, as the parent company of cryptocurrency platform Kraken, is raising new funds at a valuation of $20 billion. （CoinDesk）

According to May 12th news, Ed Yardeni has raised the year-end target for the S&P 500 index from 7700 points to 8250 points, with nearly 12% upside potential from Friday's closing price. He believes that the strong first quarter profit is the main reason for adjusting the forecast.

Senator Cynthia Lummis confirms that the Clarity Act includes protections for Bitcoin developers, emphasizing that coding should not be considered a crime. （The Bitcoin Historian）