Crypto News Today (May 7): TON Pumps 110%, Zcash +75%, Clarity Act Set for July, Strategic Reserve Weeks Away

Bitcoin trades near $81,000 after rejecting at $82.8K yesterday. For several days in a row, TON is a top crypto gainer. The token pumped another 30% today and over 110% this week. Let’s dig into the main crypto news on May 7.

Bitcoin and Ethereum ETFs Extend Inflow Streaks

On May 6 (ET), spot Bitcoin ETFs recorded a total net inflow of $46.33 million. That’s the fifth consecutive day of net inflows. Spot Ethereum ETFs added $11.57 million, marking four straight days of green. Institutional money keeps flowing in, even as price consolidates.

Source: SoSoValue

Why is Toncoin (TON) Price Up?

Telegram founder Pavel Durov made a major announcement on May 5–6. Telegram will replace the TON Foundation as the network’s largest validator. The company also slashed transaction fees. This move shows serious commitment from Telegram. It reduces execution risk and positions TON as Telegram’s financial backbone. The market rewarded this with intense buying.

The rally amplified real usage growth. DEX volumes jumped. The network implemented Catchain 2.0, which improves block time and finality. This created a loop: more utility, more speculation, more price.

What it means: the market is rewarding reduced uncertainty and direct leverage of Telegram’s nearly 1 billion users. The immediate pivot is the daily close relative to $2.70. The next major resistance sits at $3.00, with a supply zone near $3.20.

Privacy Coins Pumping – Santiment on Zcash

Santiment reported on Zcash. The privacy coin pumped +75% in the past week. Zcash is rebounding hard but still sits -22% below its $735 level from six months ago.

With low government trust right now, the privacy sector gained interest from retail traders. The crowd sees privacy assets as a hedge against growing surveillance concerns, tighter exchange regulations, and AI-driven data tracking across financial platforms.

Source: X/@SantimentData

Many traders speculate that if stablecoin and KYC rules keep tightening globally, decentralized privacy networks could see renewed real-world demand. Lower market caps across privacy coins also attract traders looking for high-upside momentum plays during this mild altcoin rally in May.

Read also: Why Are DASH and Terra Classic (LUNC) Prices Pumping

Other Important Crypto News Today

White House digital assets adviser Patrick Witt said the administration pushes for the Digital Asset Market Clarity Act to pass Congress before July 4. The Senate Banking Committee is expected to advance the bill this month. Witt said disputes over stablecoin yield provisions are largely resolved. The White House also negotiates conflict-of-interest rules that would apply broadly to all government officials.

Witt also said updates on the proposed U.S. Bitcoin Strategic Reserve are expected in the coming weeks. The administration is currently auditing, centralizing, and strengthening custody arrangements for crypto assets held by federal agencies following President Trump’s executive order.

According to Token Terminal, tokenized U.S. Treasuries on Ethereum reached an all-time high market cap of $8 billion. That’s double the level from six months ago. Main growth drivers: BUIDL (Securitize), JTRSY (Centrifuge), iBENJI (Franklin Templeton), WTGXX (WisdomTree), USDY (Ondo Finance), and USTB (Superstate).

All in all, TON stole the show with a 110% weekly pump after Telegram became the network’s top validator. Privacy coins like Zcash ride a wave of surveillance fears. The Clarity Act and Bitcoin Strategic Reserve news keep macro hopes alive. Tokenized Treasuries hit $8B — real yield on-chain. Crypto stays active despite Bitcoin’s consolidation.

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