Bitcoin could hit $1M in 5 years; Senate to debate crypto rules; Coinbase posts $394M loss; Tether freezes $514M USDT.

VanEck's Matthew Sigel predicts Bitcoin may reach $1 million within five years, citing growing crypto adoption among younger investors. The U.S. Senate Banking Committee will review the CLARITY Act on May 14, aiming to clarify crypto token regulations, including stablecoin yield limits. The DTCC is expanding its blockchain efforts with over 50 financial institutions to improve tokenized asset operations. Coinbase reported a $394.1 million net loss for the second consecutive quarter amid declining revenues, while Tether froze over $514 million in USDT tokens recently, highlighting increased regulatory enforcement in stablecoins.