May 11, 2026

Julia Parr

Coinbase

Government shutdown delays SEC v. Justin Sun case again

The stay in SEC v. Justin Sun has been extended due to the government shutdown resulting in lawyers being furloughed. Source link

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Coinbase

Bitcoin’s OP_RETURN war just went nuclear: a chain fork proposal

A proposed Bitcoin fork would commence an activation period for updating consensus rules to limit storage unrelated to the movement of BTC. Source

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Coinbase

402bridge private key leaks, 227 wallets drained in minutes

Cross-layer protocol 402bridge claims the private key leak affected team wallets, but some are suspicious it might be a rug pull. Source link

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Coinbase

Tether took over the White House, now it’s tearing it down to build a ballroom

Tether, along with corporate donors including Ripple and Coinbase, is helping to fund Donald Trump’s extravagant new White House ballroom. Source link

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Coinbase

Scott Purcell-linked Fortress Trust fails like Prime Trust before it

Two crypto custodians involving Scott Purcell both collapsed after a disturbingly similar pattern of financial mismanagement. Source link

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Coinbase

Justin Sun’s alleged ex accuses him of market manipulation, insider trading

Zeng Ying launched a flurry of allegations against Tron founder Justin Sun this weekend after he allegedly reneged on a promise to marry

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Coinbase

The slow-motion ‘bank run’ in private credit

Crypto has exacerbated the problems of private credit, extending leverage and rehypothecation risk across increasingly risky loan books. Source link

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Coinbase

The revolving door for lawyers between Kalshi and DOJ

Kalshi’s former lawyer now helps the US Department of Justice in lawsuits that cushion Kalshi from criminal lawsuits by state regulators. Source link

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Coinbase

US Senator asks if Binance lied to Congress about Iran

A US senator is not happy with Binance figures about its Iran-linked activities and is demanding a new set of answers by April

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Coinbase

CHART: USDC is growing faster than USDT under Trump

Tether’s USDT and Circle’s USDC have both grown under Trump, but USDC has seen a larger relative increase in its market capitalization. Source

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