Here’s a quick recap of the crypto landscape for Wednesday (May 13) as of 11:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin (BTC) was priced at US$80,794.77, trading flat over a 24 hour period.
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Chart via TradingView
Bitcoin price performance, May 13, 2026.
Ether (ETH) was priced at US$2,306.06, trading flat over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.46, down by 1.2 percent over 24 hours.
- Solana (SOL) was trading at US$94.77, trading 2.3 percent lower over the past 24 hours.
Today’s crypto news to know
CLARITY Act markup faces over 100 amendments ahead of vote
The US Senate Banking Committee will convene on Thursday (May 14) to review more than 100 proposed amendments to the CLARITY Act.
Ahead of the decisive vote, the revised 309-page draft faces significant scrutiny from Democratic lawmakers, with Senator Elizabeth Warren ALONE introducing over 40 distinct modifications.
A primary point of contention remains the regulatory treatment of yield-bearing stablecoins. Senators Jack Reed and Tina Smith have proposed tighter restrictions on crypto assets that function similarly to traditional deposit accounts, a move heavily backed by recent lobbying efforts from the American Bankers Association.
The banking sector contends that allowing crypto issuers to distribute reserve-backed rewards threatens the traditional deposit base.
The markup session will also consider ethical provisions, including a proposal by Senator Chris Van Hollen to bar senior government officials from holding crypto assets.
While proponents argue the bill provides necessary regulatory certainty, industry figures have expressed skepticism, noting that macroeconomic liquidity remains the primary driver of digital asset valuations.
JPMorgan files for Ethereum-based tokenized money market fund
JPMorgan Chase & Co. (NYSE:JPM) has filed with the Securities and Exchange Commission to launch the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), expanding the bank’s digital asset footprint.
The fund will be powered by JPMorgan’s Kinexys Digital Assets unit and will operate on a permissioned system built atop the public Ethereum blockchain. JLTXX is structured to invest exclusively in US Treasury bills, bonds, and notes.
The regulatory filing explicitly outlines distinct risks associated with the offering, including potential undiscovered technical flaws in the blockchain architecture and evolving regulatory frameworks.
While Ethereum serves as the initial underlying network, the bank indicated that expansion to alternative blockchains is anticipated.
This initiative follows the bank’s recent collaboration with Ondo Finance to settle tokenized treasuries on the XRP Ledger.
UBS expands crypto trading
UBS Group (NYSE:UBS) AG initiated direct Bitcoin and Ethereum trading for select private wealth clients in January 2026, marking a significant expansion of mainstream crypto adoption within the Swiss banking sector.
The move aligns UBS with domestic peers such as Zürcher Kantonalbank (ZKB) and state-controlled PostFinance, bringing the total number of Swiss banks offering digital asset services to approximately 20.
Contrary to initial expectations of younger retail adoption, internal data from ZKB indicates the core demographic for digital asset custody consists primarily of established male clients between the ages of 30 and 50.
The integration of digital assets is increasingly contributing to institutional profitability. Maerki Baumann and Swissquote report that crypto-related services now account for 20 and 10 percent of their total revenues, respectively.
Furthermore, a recent EY-Parthenon survey indicating that 73 percent of institutional investors plan to increase their digital asset allocations this year.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.