The crypto news today arrived on two fronts at once. One headline showed US$10.8 million drained from Thorchain across four networks. The other showed Fannie Mae quietly opening the door to crypto as mortgage collateral. The market did not pause for either.
Figure 1: Thorchain halted trading after a US$10.8 million exploit across multiple blockchain networks [Courtesy: IQ.wiki]
XRP climbed 5% on Senate progress for the Clarity Act. Solana held above US$89 on US$39.2 million in ETF inflows. Pepeto crossed US$9 million raised while most of the market stayed cautious. That is a lot happening in one week.
Thorchain Exploit and Fannie Mae Ruling Define the Week
Thorchain halted all trading on Friday. An attacker drained roughly US$10.8 million across Bitcoin, Ethereum, BSC, and Base networks, according to CoinDesk. The RUNE token dropped 12% within hours of the news going public.
The crypto news today did not stop there. Fannie Mae ordered mortgage companies to start counting crypto holdings as qualifying assets for conventional home loans, per Yahoo Finance. That single rule change opens significant home buying power to crypto holders who previously could not access it.
Two Headlines, Opposite Signals
The Thorchain breach was an exploit of a bridge. An attacker exploited a loophole no one caught in time and $10.8 million disappeared before trading was halted. RUNE dropped 12%, and today’s crypto news is a reminder of how quickly capital may vanish on a broken bridge.
The Fannie Mae decision went the other way. No small feat for crypto to go from speculative asset to qualifying collateral for home loans. It changes how institutions think about the digital asset holders themselves, and the purchasing power that represents in the real economy.
XRP and Solana Show Where Momentum Sits Right Now
XRP and the Clarity Act
XRP Trading Up 5% Following Senate Banking Committee Clearance of Clarity Act. The Price Today stands at US$1.43 According to CoinMarketCap. It brings XRP one step nearer to having a more official classification as a commodity. Prices remained below US$1.50 of resistance, as derivatives activity ramped up before the vote.
Analysts have since set their sights on US$1.90 as the next target. From today which is about 30% from the current price.This is the most clear regulatory catalyst XRP has seen in several years, and proof of that momentum can be found in the crypto news today
Figure 2: XRP gains momentum following Senate progress on the Clarity Act [Courtesy: Yahoo Finance]
Solana Holds Above US$89 on ETF Inflows
Solana was trading near US$89.29 on 16 May 2026 according to CoinMarketCap. Spot SOL ETFs pulled in US$39.2 million in net inflows last week. The Alpenglow consensus upgrade is live on a test cluster, with faster finality expected once it moves to mainnet.
Solana sits 85% below its all time high. A return to US$180 represents roughly 2x from the current price. That is a timeline measured in months for a large cap.
Pepeto Crosses US$9 Million as the Broader Market Pulls Back
Pepeto raised more than US$9 million during the same stretch the broader market was hesitating. The current presale price sits at US$0.0000001864. SolidProof audited every contract before the first deposit went through. Staking yields 173% APY for holders waiting on the listing.
The design came from the creator of the original Pepe coin. A senior builder from the Binance technical team handles the infrastructure. Every swap costs zero in fees. The cross chain bridge moves tokens between networks at no cost. Every address gets checked before a trade executes.
What Separates Pepeto From the Standard Presale
Most presale projects launch with promises and no working product. Pepeto shipped every tool before asking anyone to deposit. The crypto news today shows what happens when a protocol has a gap no one caught in time, as Thorchain did. Pepeto was built around that exact problem.
- Zero fee swaps on every trade, keeping the full position intact
- Cross chain bridge at no cost so capital does not get locked on the wrong network
- Address verification before every trade executes
- SolidProof audit completed before presale opened
- 173% APY staking available during the presale period
- Approaching Binance listing ends the presale price permanently
Industry Outlook
Regulatory clarity is coming quicker in 2026 than it has at any other point in the previous cycle. The US Senate’s progress on the Clarity Act and Fannie Mae’s move to accept crypto as qualifying collateral are both signs of institutional frameworks beginning to catch up with market reality.
The weakest link in the chain is still bridge security. The Thorchain exploit adds to a long list of cross-chain losses. And address verification and zero fee infrastructure projects are getting more attention from investors who have seen previous presales lose capital to bridging gaps.
Future Direction and Impact on Crypto Investors
The Clarity Act now heads for a vote by the full Senate. If it passes, XRP will be deemed a commodity, which will lift some regulatory uncertainty that has kept the price below the US$1.50 resistance. And a break above that level would confirm the next leg of the move.
Solana watchers are watching the Alpenglow mainnet timeline and if ETF inflows continue into June. The Pepeto presale listing date is the event that permanently closes the current entry price. Development at this stage of a presale cycle moves faster than the calendar.
Frequently Asked Questions
Q1. What is the biggest crypto news today?
Ans. Thorchain lost US$10.8 million in a bridge exploit and RUNE dropped 12%. Fannie Mae also ruled that crypto holdings now count as qualifying assets for conventional home loans.
Q2. Why did XRP rise 5% this week?
Ans. The Clarity Act cleared the Senate Banking Committee, moving XRP closer to formal commodity classification in the United States.
Q3. What is driving Solana above US$89?
Ans. Spot SOL ETFs pulled in US$39.2 million in net inflows last week. The Alpenglow consensus upgrade running on a test cluster is also building market anticipation.
Q4. What is Pepeto and why did it raise US$9 million?
Ans. Pepeto is a presale project with zero fee swaps, a cross chain bridge at no cost, address verification before every trade, and a SolidProof audit completed before the presale opened.
Q5. What is the Clarity Act?
Ans. The Clarity Act is United States legislation moving through the Senate that would formally classify certain digital assets, including XRP, as commodities rather than securities.
Disclaimer
This article is intended for informational purposes only and does not constitute financial or investment advice. All content is based on the press release published online. Investing in digital assets involves risk, including the possible loss of principal. Readers should conduct their own research and seek independent financial advice before making any investment decisions. Colitco does not hold any position in the assets or projects mentioned in this article.
