May 11, 2026

Julia Parr

Coinbase

Web3 collapse accelerates as eight games fail this year

Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up. Source link

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Coinbase

Tether challenges USDC Solana hegemony with $127.5M Drift bailout

Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack. Source link

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Coinbase

Solana validator logs 32 delinquencies, foundation still claims ‘100% uptime’

Solana’s “100% uptime” claim is true at the cluster level, but anyone in the Harmonic Major validator went delinquent 32 times in 30

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Coinbase

Crypto hack goes political as Grinex blames ‘Western special services’

Kyrgyzstan-registered crypto exchange Grinex has suspended operations. It had previously been linked to sanctions evasion of up to $6B. Source link

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Coinbase

Rumble begins merging with Northern Data

Tether-related companies Northern Data and Rumble are set to begin their merger, with Rumble offering equity for shares of Northern Data. Source link

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Coinbase

Strategy’s bitcoin bet back in profit after $11B drawdown

It took years of leverage and over $11B in unrealized losses for Michael Saylor’s Strategy to flip green on its BTC bet today.

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Coinbase

Vercel breach leaves DeFi frontends dangling on a $2M ransom

Vercel says attackers accessed its internal systems, sparking fears poisoned Next.js code could be used to drain funds from DeFi apps. Source link

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Coinbase

Crypto traders consider lawsuits after $600B market meltdown

Crypto experienced 1.7M forced liquidations and a $600B market-wide crash on October 10. Now, traders are considering lawsuits. Source link

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Coinbase

Changpeng Zhao accused of boosting fraudsters on X

Zhao has interacted with at least four sketchy crypto accounts on X, one of which faked how much they got in Binance’s $400M

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Coinbase

Ripple’s new XRP treasury falls flat on first trading day

Not even Ripple, Kraken, SBI, Pantera, GSR, and Arrington Capital were able to break the XRP stocks losing streak this week. Source link

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