Bitcoin Battles Eighty Thousand as LayerZero Admits Fault in Massive Exploit

Today's episode covers major developments across crypto markets and infrastructure. Bitcoin briefly dipped below eighty thousand dollars but recovered quickly, with options traders betting the dip won't last despite five hundred thirty-five million in short liquidations. LayerZero reversed course and admitted responsibility for the two hundred ninety-two million dollar Kelp exploit after weeks of deflecting blame. The Senate Banking Committee scheduled the CLARITY Act markup for May fourteenth, bringing crypto regulation closer to reality despite banking industry resistance. BlackRock filed for two new tokenized money market funds, while JPMorgan, Mastercard, and Ripple completed a landmark cross-border treasury settlement pilot on XRP Ledger. Plus, Swiss Bitcoin reserve campaign fails, Ethereum's DeFi dominance slips to fifty-four percent, and an Olympic sprinter faces crypto fraud charges in the UK.