Japan's delayed missile delivery highlights vulnerabilities in allied defense readiness, potentially accelerating Japan's domestic missile development. The post US warns Japan of severe delays in Tomahawk missile deliveries due to Iran war appeared first on Crypto Briefing.

Escalating tensions in the Strait of Hormuz could disrupt global oil supply, impacting inflation and influencing central bank policies. The post Israel and US reportedly strike Iran’s Larak Island, killing three in Strait of Hormuz escalation appeared first on Crypto Briefing.

The Fujikura selloff underscores the volatility and risk of overvaluation in AI-driven markets, prompting broader caution among tech investors. The post Fujikura Ltd. selloff highlights fragility of AI-driven stock rally appeared first on Crypto Briefing.

GELT's government backing and regulatory alignment could enhance stablecoin integration with global financial systems, impacting cross-border transactions. The post Tether launches GELT stablecoin backed by Georgian government appeared first on Crypto Briefing.

The incident heightens geopolitical tensions, potentially impacting global energy markets and increasing scrutiny on financial transactions. The post Iran accuses US of missile strike killing civilians in Lamerd as crypto markets whipsaw appeared first on Crypto Briefing.

AI-driven capital expenditure may boost GDP and employment but risks inflation persistence and higher borrowing costs, challenging economic stability. The post Morgan Stanley questions AI’s impact on US economic elasticity appeared first on Crypto Briefing.

The US strikes in Iran may heighten regional instability, prompting defensive measures and increasing the risk of further military escalation. The post US forces conduct defensive strikes in southern Iran amid rising tensions appeared first on Crypto Briefing.

Escalating US-Iran tensions in the Strait of Hormuz could destabilize global oil markets and influence crypto volatility, impacting investors. The post US forces strike southern Iran in self-defense after Strait of Hormuz attack appeared first on Crypto Briefing.

Geopolitical tensions heighten market volatility, impacting crypto stability and increasing regulatory scrutiny amid potential sanctions escalation. The post US Central Command confirms defensive strikes in southern Iran, crypto markets shed $300M in liquidations appeared first on Crypto Briefing.

Warsh's Fed leadership may prolong elevated rates, impacting bond portfolios and potentially reducing liquidity for crypto markets. The post Treasury yield gap narrows as traders bet on Federal Reserve’s higher-for-longer rates under Warsh appeared first on Crypto Briefing.

S&P 500 Q1 earnings grew 27-28% YoY, the highest since Q4 2021. Magnificent Seven posted 63.2% EPS growth while non-Mag7 hit 17.4%, their best in five years. The post S&P 500 earnings growth accelerates to highest level since 2021, powered by Magnificent Seven appeared first on Crypto Briefing.

Bitcoin's (BTC) price has fallen below the moving average lines, but bulls have taken advantage of the dip.

• #bitcoin

The strike exacerbates US-Iran tensions, potentially impacting regional stability and air traffic, while market reactions suggest cautious optimism. The post US missile strike on Iran sports hall kills 24, raises airspace closure concerns appeared first on Crypto Briefing.

The Kohaku SDK could redefine privacy norms in Ethereum, potentially increasing regulatory scrutiny while democratizing cryptographic tools. The post Kohaku Initiative releases SDK for wallet-level privacy integration appeared first on Crypto Briefing.

The incident heightens geopolitical tensions, potentially impacting global energy markets and increasing scrutiny on financial transactions. The post Iran accuses US of deadly missile strike killing 24 in Lamerd during joint operations with Israel appeared first on Crypto Briefing.

Chris Larsen’s XRP wallets have resumed on-chain activity ahead of Tuesday’s Texas primary runoff. Ripple co-founder Chris Larsen’s associated wallets have resumed on-chain activity, according to blockchain data, ahead of Tuesday’s Texas Democratic primary runoff. The reactivation draws immediate attention…

Higher Treasury yields due to geopolitical tensions could strain US finances, prompting increased digital asset adoption for stability and transactions. The post Rising Treasury yields tied to Iran conflict could add billions to US interest payments appeared first on Crypto Briefing.

Market optimism grows as US-Iran talks progress, potentially stabilizing oil prices and boosting investor confidence across various sectors. The post Dow futures jump 440 points as oil prices drop on US-Iran deal hopes appeared first on Crypto Briefing.

Encouraging LLMs to express uncertainty could enhance trust and reliability in AI applications, impacting fields like finance and beyond. The post Google paper advocates for LLMs to express uncertainty clearly appeared first on Crypto Briefing.

Rising optimism for a US-Iran deal may stabilize oil markets, potentially easing geopolitical tensions and reducing price volatility. The post Oil prices drop as US-Iran deal hopes rise, impacting WTI crude predictions appeared first on Crypto Briefing.

Zcash privacy claims faced a direct challenge after Arkham Intelligence linked 53% of ZEC transactions to identified entities. Blockchain analytics firm Arkham Intelligence published research revealing it had labeled more than 53% of all Zcash transactions, attributing approximately $420 billion…

Onchain analytics firm Bubblemaps says a Hyperliquid whale linked to former BitForex CEO Garrett Jin and the infamous 10 10 short trade would have been up more than $70 million if he had never traded Ethereum, but is instead sitting…

After a period of downside pressure, Bitcoin’s market dynamics are starting to experience a crucial shift that could play a role in shaping its next price trajectory. With BTC’s price experiencing a decline, the supply in profit is beginning to drop, creating a highly negative environment for investors. Percentage Of Bitcoin Supply In Profit Continues […]

• #bitcoin

A bruising week for crypto ETFs saw a sharp shift in institutional sentiment, with bitcoin ETFs suffering more than $1.2 billion in outflows and ether products extending a prolonged losing streak. Yet beneath the weakness in the market’s largest assets, capital continued flowing into XRP, solana, and HYPE-linked products, signaling a growing appetite for alternative […]

• #bitcoin

Escalating military tensions may heighten geopolitical instability, impacting global oil markets and complicating diplomatic negotiations. The post US-Israeli airstrikes hit Iranian vessels amid Trump’s uranium demands appeared first on Crypto Briefing.

Escalating tensions may destabilize regional security and influence global diplomatic dynamics, impacting international negotiations and markets. The post Iran tensions rise with US-Israel strikes, Trump’s uranium surrender call appeared first on Crypto Briefing.

Escalating US-Iran tensions could destabilize regional security, impact global oil supply, and influence geopolitical market perceptions. The post US jets strike Iranian vessels near Strait of Hormuz amid rising tensions appeared first on Crypto Briefing.

The surge in tokenized equities highlights a shift in investment focus, but reliance on a single project poses significant ecosystem risks. The post Hyperliquid sees $2.5B open interest as demand for tokenized equities surges appeared first on Crypto Briefing.

The potential Iran deal could stabilize geopolitical tensions, impacting global oil markets and boosting investor confidence in cryptocurrencies. The post Trump says Iran talks are proceeding nicely as deal nears, and crypto markets are paying attention appeared first on Crypto Briefing.

Potential US-Iran uranium deal could reshape diplomatic relations, influence nuclear policy, and impact global market perceptions. The post Trump suggests potential US-Iran deal on enriched uranium transfer appeared first on Crypto Briefing.

Trump's mandate could reshape Middle Eastern alliances, impacting global oil stability and influencing geopolitical risk perceptions. The post Trump mandates Arab nations to normalize ties with Israel as part of Iran deal appeared first on Crypto Briefing.

Totalis Trading's innovation on Solana could redefine risk strategies, attracting diverse traders and normalizing blockchain-based financial operations. The post Totalis Trading launches prediction market parlays on Solana appeared first on Crypto Briefing.

Trump's proposal could escalate US-Iran tensions, impacting global oil markets and inflation, with significant geopolitical and economic repercussions. The post Trump proposes coordinated destruction of Iran’s enriched uranium with US oversight appeared first on Crypto Briefing.

The surge in tokenized equities highlights a shift in investment focus, but reliance on a single project poses significant ecosystem risks. The post Hyperliquid sees $2.5B open interest as demand for tokenized equities surges appeared first on Crypto Briefing.

The potential Iran deal could stabilize geopolitical tensions, impacting global oil markets and boosting investor confidence in cryptocurrencies. The post Trump says Iran talks are proceeding nicely as deal nears, Bitcoin rallies toward $77K appeared first on Crypto Briefing.

• #bitcoin

Berkshire's underperformance may signal a market bubble, with its conservative strategy potentially poised to capitalize on future downturns. The post Berkshire Hathaway underperforms S&P 500 by up to 41 points, raising financial crisis concerns appeared first on Crypto Briefing.

SHIB futures netflow plunged 306% as outflows exceeded inflows, according to CoinGlass derivatives data. CoinGlass tracked SHIB futures netflow dropping 306%, with the total value of SHIB leaving derivatives exchange wallets outpacing inflows. The metric tracks movement of tokens in…

US-Iran negotiations could reshape crypto regulations, intensifying scrutiny on digital assets and impacting global financial compliance norms. The post Iran seeks access to $6B in frozen funds amid US negotiations, complicating crypto sanctions landscape appeared first on Crypto Briefing.

Escalating tensions may destabilize diplomatic relations and heighten geopolitical risks, impacting global security and economic stability. The post Russian Foreign Ministry urges evacuation of US citizens from Kyiv as Moscow signals imminent strikes appeared first on Crypto Briefing.

The operation may escalate regional tensions, impacting geopolitical stability and increasing the risk of broader Middle Eastern conflicts. The post Israel launches Operation Arrows of Fire, targets Hezbollah sites in Lebanon appeared first on Crypto Briefing.

Rising global real yields could destabilize markets, challenging traditional asset correlations and increasing risks for non-yielding investments. The post Goldman Sachs warns of adverse market implications as global real yields rise appeared first on Crypto Briefing.

Lower oil prices may ease inflation pressures but could also reduce institutional crypto demand, impacting global economic and investment dynamics. The post US oil prices fall below $90 per barrel for first time since May 7 appeared first on Crypto Briefing.

Escalating tensions may destabilize diplomatic relations and heighten geopolitical risks, impacting global security and economic stability. The post Russia warns US to evacuate citizens from Kyiv ahead of planned strikes on ‘decision-making centers’ appeared first on Crypto Briefing.

The debate over the ultimate macroeconomic store of value is reigniting as financial commentator Peter Schiff and ARK Invest CEO Cathie Wood clash over the future of digital savings. While Schiff dismisses Bitcoin's long-term utility.

Stanford cryptographer Dan Boneh says Bitcoin should prepare for quantum risk now, but warns a rushed post quantum migration could cause worse failures than the threat itself. Bitcoin’s post quantum transition debate is escalating after Isabel Foxen Duke highlighted a…

• #bitcoin

The Wadoozie Ethereum signal network activates today with a fair launch via Uniswap and a 48-state US road tour. Wadoozie confirmed a May 27 fair launch for its $WADZ ERC-20 token on the Ethereum network, going live on Uniswap today…

The blockchain research and development firm Babylon Labs submitted a Temperature Check to Aave DAO on Monday, seeking approval to integrate Trustless Bitcoin Vaults with Aave V4 and onboard native BTC as collateral without bridges, wrappers, or custodians. BTC Holders Could Borrow on Aave V4 Without Bridges if Babylon Labs Vote Passes The proposal calls […]

• #bitcoin

The ceremony highlights ongoing US-Iran tensions, suggesting potential for prolonged military engagement and impacting geopolitical stability. The post Trump honors US troops killed in Iran conflict at Memorial Day ceremony appeared first on Crypto Briefing.

Ethereum's dominance in tokenized stocks highlights its pivotal role in institutional blockchain adoption, potentially reshaping financial markets. The post Ethereum captures 41% market share in $1.6B tokenized stocks market appeared first on Crypto Briefing.

The event could redefine investment in robotics by merging blockchain liquidity with real-world robotics, potentially transforming capital markets. The post Aerodrome hosts first Virtuals launch with XMAQUINA on May 26 appeared first on Crypto Briefing.

Heightened tensions could strain US-Russia relations, impacting diplomatic efforts and increasing geopolitical instability in the region. The post Lavrov warns Rubio to evacuate US diplomats and citizens from Kyiv ahead of planned strikes appeared first on Crypto Briefing.

TLDR: Brian Armstrong says real-world asset tokenization enables instant settlement and fractional ownership globally. Armstrong calls for 24/7 global trading with pooled liquidity to remove time-zone barriers for all investors. Stablecoin payments and AI-powered financial tools are central to Armstrong’s next-generation finance roadmap. Sound money and innovation-friendly regulation are essential to completing Armstrong’s eight-point financial [...] The post Coinbase CEO Calls for Eight Major Upgrades to the Global Financial System appeared first on Blockonomi.

Brian Armstrong discussed several areas where he believes the financial system still needs major modernization.

A crypto analyst is raising questions over whether the famous four-year cycle theory that has governed Bitcoin’s (BTC) market trajectory in the past is now dead. The expert has shared BTC’s price movements and investor trends to prove that the cycle theory is still very much alive and playing out in the current market cycle.    […]

• #bitcoin

Strategy's aggressive Bitcoin acquisition strategy could destabilize market dynamics, increasing volatility and investor risk exposure. The post Bitcoin’s biggest buyer is now outpacing every miner on the planet combined appeared first on Crypto Briefing.

• #bitcoin

Qatar's mediation highlights its growing diplomatic influence, potentially reshaping global energy markets and financial power dynamics. The post Qatari mediation secures US-Iran agreement on frozen assets appeared first on Crypto Briefing.

Nvidia's dominance in the S&P 500 highlights potential risks for passive investors due to increased exposure and market-cap concentration. The post Nvidia surpasses seven S&P 500 sectors, now accounts for 8% of the entire index appeared first on Crypto Briefing.

Base's resurgence highlights the growing importance of Layer 2 networks in enhancing blockchain scalability and driving ecosystem value. The post Base re-enters top 10 crypto projects by daily revenue appeared first on Crypto Briefing.

TLDR Raoul Pal said the crypto market is still in an early stage of long-term growth. He argued that investors should avoid selling assets during short-term market volatility. Pal stated that the crypto market could expand from $2.5 trillion to $100 trillion. He encouraged investors to view price corrections as opportunities to accumulate. Pal highlighted [...] The post Raoul Pal Warns Against Selling Early in Crypto Market Cycle appeared first on Blockonomi.

The letters examine the growing influence of artificial intelligence (AI) on today’s and future human lives and call to remain “profoundly human.” Leo XIV acknowledges that AI changes the current Social Doctrine and calls for protecting jobs and the role of work in the economy. Pope Leo XIV Issues First AI Encyclical Letter: Humanity Must […]

The on chain market for tokenized real world assets has hit a fresh record near $34 billion, more than tripling from roughly $5.4 billion at the start of 2025, with Ethereum carrying about 60 percent of that value and tokenized…

TLDR Bhutan transferred another 90 BTC worth about $7 million to a SegWit address. Total Bitcoin transfers from Bhutan-linked wallets have now exceeded $237 million in 2026. Arkham data shows Druk Holding and Investments’ Bitcoin holdings have declined by around 10,000 BTC since October 2024. Blockchain records indicate some earlier transfers moved funds toward wallets [...] The post Bhutan Moves Another 90 BTC as 2026 Transfers Hit $237M appeared first on Blockonomi.

• #bitcoin

CoinQuant trading platform has expanded its architecture to serve both human traders and autonomous AI agents. CoinQuant announced the expansion of its no-code trading platform into a unified trading intelligence architecture serving both human traders and autonomous AI agents. The…

The activation of dormant Bitcoin wallets signals potential market volatility and shifts in long-term holder strategies, impacting investor sentiment. The post Satoshi-era miner moves 2,650 BTC to FalconX, Cumberland as sell-side pressure builds appeared first on Crypto Briefing.

• #bitcoin

The GENIUS Act shifts stablecoin focus from interest to usage incentives, potentially reshaping user engagement and industry growth strategies. The post Circle CEO discusses stablecoin rewards amid GENIUS Act constraints appeared first on Crypto Briefing.

TLDR YZi Labs has launched YZi Talent as a recruitment platform for its portfolio companies across Web3 AI and biotechnology sectors. The platform aggregates open roles into a single hub for candidates seeking opportunities in frontier technologies. Initial listings include senior engineering and leadership roles at predict.fun and AgriDynamics Robotics. YZi Talent supports hiring for [...] The post YZi Labs Launches YZi Talent to Streamline Web3 and AI Hiring appeared first on Blockonomi.

The escalation reduces prospects for peace and increases regional instability, potentially leading to broader military engagements by Israel. The post IDF escalates conflict with strikes on 70 Hezbollah sites in Lebanon appeared first on Crypto Briefing.

The IDF's actions likely hinder peace prospects and suggest increased regional military tensions, impacting geopolitical stability and market expectations. The post IDF strikes over 70 Hezbollah sites in Lebanon amid rising tensions appeared first on Crypto Briefing.

The operation's escalation risks regional instability, strains humanitarian resources, and challenges international diplomatic efforts for peace. The post Israel launches Operation Arrows of Fire, prompting evacuations in Beirut appeared first on Crypto Briefing.

BitMine's potential Russell 1000 inclusion could drive significant passive fund inflows, enhancing its market position and capital-raising ability. The post BitMine Immersion Technologies lands on preliminary Russell 1000 list, eyeing billions in passive fund inflows appeared first on Crypto Briefing.

The potential deal could reshape geopolitical dynamics, impacting global financial markets and altering enforcement focus on sanctioned flows. The post Iran and US inch closer to frozen asset deal as Qatari mediation narrows gaps appeared first on Crypto Briefing.

BitMine's potential Russell 1000 inclusion could drive significant passive fund inflows, enhancing its market position and capital-raising ability. The post BitMine Immersion Technologies lands on Russell 1000 preliminary list, eyeing massive passive fund inflows appeared first on Crypto Briefing.

Jupiter Lend's rapid growth highlights DeFi's potential for high yields but also underscores the inherent risks and liquidity concentration challenges. The post Jupiter Exchange Lend surpasses $2B in TVL on Solana appeared first on Crypto Briefing.

High short interest could trigger a market rally if a squeeze occurs, highlighting the volatility and unpredictability of current market dynamics. The post Short interest on S&P 500 stocks reaches multi-year highs, setting stage for potential squeeze appeared first on Crypto Briefing.

The activation of dormant Bitcoin wallets signals potential market volatility and shifts in long-term holder strategies, impacting investor sentiment. The post Satoshi-era miner moves 2,650 BTC to FalconX and Cumberland as sell-side pressure builds appeared first on Crypto Briefing.

• #bitcoin

Prometheum has launched new infrastructure allowing broker-dealers and RIAs to offer tokenized securities through traditional brokerage accounts. Prometheum launched new infrastructure on May 25 allowing broker-dealers and registered investment advisers to offer tokenized securities and crypto assets through traditional brokerage…

A crypto analyst has outlined 13 decentralized projects, including XRP, Stellar (XLM), and Ondo Finance (ONDO), that he believes could drive a fresh wave of crypto adoption. The analyst has stated that each of these projects fulfills a unique function and replaces legacy infrastructure worth trillions of dollars.  XRP, XLM, And ONDO Tipped As Next […]

The escalation complicates diplomatic efforts, potentially increasing regional instability and affecting future peace negotiations and military actions. The post Israeli bombardment of Lebanon escalates tensions, complicates peace talks appeared first on Crypto Briefing.

AI's potential for large-scale labor displacement necessitates ethical oversight beyond tech, impacting regulatory and societal frameworks globally. The post Anthropic co-founder Chris Olah addresses Vatican on AI ethics, warns of labor displacement ‘at very large scale’ appeared first on Crypto Briefing.

TLDR XRP whale transactions worth over $1 million dropped by 57% in nine days. The XRP price declined from $1.54 on May 14 to around $1.35. The token recorded five consecutive intraday losses for the first time in two months. Large transactions fell from 157 trades to just 67 during the period. Analyst Ali Martinez [...] The post XRP Whale Activity Falls 57% as Price Slides to $1.35 Level appeared first on Blockonomi.

Ledger's support for $ADI could accelerate institutional adoption of stablecoins, impacting cross-border payments and financial integration. The post ADI Chain gains Ledger support for $ADI token amid stablecoin growth appeared first on Crypto Briefing.

Cross-chain compliance gaps at blockchain bridges are crypto’s most dangerous AML blind spot, ThetaRay CEO Brad Levy says. Compliance teams monitoring crypto transactions lose the trail the moment assets cross a blockchain bridge. Brad Levy, CEO of ThetaRay, calls this…

Solana's upgrade may boost performance but risks centralization, as smaller validators face financial strain, impacting network diversity. The post Solana faces backlash over SIMD-0525 proposal amid validator concerns appeared first on Crypto Briefing.

Kelp DAO completed its rsETH recovery plan after Aave and Kelp refilled about 116,000 rsETH following the $292M exploit. The post Kelp DAO completes rsETH recovery plan after $292 million exploit appeared first on Crypto Briefing.

The integration gives ADI token holders access to Ledger’s self-custody platform as ADI Chain expands its stablecoin and tokenized asset network.

Bitcoin climbed to an intraday high of $77,831 on May 25, buoyed by growing investor optimism that ongoing Middle East peace negotiations could ease geopolitical tensions and support risk appetite. Bitcoin Navigates Volatile Weekend to Peak Near $78K Bitcoin climbed steadily on May 25, peaking at $77,831 from just above $76,500 a day earlier. The […]

• #bitcoin

SMX stock gained 2.65% as companies increasingly seek verified recycled plastic solutions amid rising costs and supply chain transparency demands. The post Security Matters (SMX) Stock Climbs as Verified Recycling Demand Intensifies appeared first on Blockonomi.

TLDR Hyperliquid surged into the top 10 cryptocurrencies after overtaking Dogecoin in market capitalization. HYPE gained over 50% in a month as price climbed from below $38 to above $64. Santiment warned that strong social media optimism may not reflect actual market conditions. Analysts said markets often react negatively when crowd confidence becomes excessive. Social [...] The post Hyperliquid Hits New Highs as Santiment Flags $250 FOMO Risks appeared first on Blockonomi.

Coinhouse receives MiCA license from France's AMF, enabling EU-wide crypto services including custody, brokerage, and advisory before the 2026 deadline. The post Coinhouse Secures MiCA Authorization for Pan-European Crypto Operations appeared first on Blockonomi.

Increased military tensions could hinder diplomatic efforts and peace prospects, impacting regional stability and market confidence. The post Israeli official warns of military escalation in Lebanon amid rising tensions appeared first on Crypto Briefing.

The encyclical's ethical framework on AI and digital assets could influence global tech policies, emphasizing moral responsibility and equity. The post Pope Leo XIV issues first encyclical on AI ethics, partners with Anthropic co-founder on launch appeared first on Crypto Briefing.

The XRP Ledger (XRPL) ecosystem is fast approaching a critical operational deadline.

MoonPay ChatGPT app is now the first crypto onramp inside OpenAI’s platform, supporting Bitcoin, XRP and Solana. MoonPay launched a dedicated app inside ChatGPT’s App Store on May 22, allowing users to generate cryptocurrency purchase links without leaving OpenAI’s chatbot.…

• #bitcoin

A New York lawsuit filed by Noah Doe seeks legal ownership of 39,069 dormant Bitcoin wallet addresses. A New York Bitcoin wallet lawsuit filed on May 1, 2026 in the Supreme Court of the State of New York asks a…

• #bitcoin

US blamed Hezbollah for Lebanon escalation with full Trump admin backing. Israel-Hezbollah peace deal by May 2026 at 9.5% YES; Israel strikes 4 countries in Nov The post US blames Hezbollah for Lebanon escalation, backing Israeli military action appeared first on Crypto Briefing.

The escalation signals a diminishing chance for a peaceful resolution, potentially destabilizing the region and impacting global diplomatic efforts. The post Lavrov warns Rubio of planned Russian strikes on Kiev amid conflict escalation appeared first on Crypto Briefing.

Escalating tensions and military actions could hinder diplomatic efforts, increasing geopolitical instability and reducing peace prospects in the region. The post Netanyahu declares war on Hezbollah amid rising tensions with Lebanon appeared first on Crypto Briefing.

The encyclical's ethical framework on AI and digital assets could influence global tech policies, emphasizing moral responsibility and equity. The post Pope Leo XIV issues encyclical on AI, warns of ethical risks and partners with Anthropic appeared first on Crypto Briefing.

TLDR A third-party module exploit drained about $3.2 million from 86 Gnosis Safe wallets. Squid confirmed it had no role in deploying or operating the vulnerable contract. The attacker bypassed security by using a fake validation string accepted by the module. Stolen funds were swapped through Uniswap V3 pools into a worthless attacker-created token. The [...] The post Squid Distances Itself From $3.2M Third-Party Module Hack appeared first on Blockonomi.

Regulatory progress and XRP growth fuel interest in cloud mining platforms like SHRMiner among crypto investors. According to CNBC, following months of negotiations regarding stablecoin yield rules and decentralized finance (DeFi) regulation, the Digital Asset Market Transparency Act was passed…