May 11, 2026

Julia Parr

Coinbase

Uganda threatens to block Jack Dorsey’s Bitchat ahead of elections

Uganda’s director of government communications threatened to block messaging service Bitchat ahead of next week’s elections. Source link

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Hyperliquid unlocks 12M HYPE tokens, dilutes holders by $330M

A token unlock for Core Contributors increased the supply of Hyperliquid by 5.5% overnight, diluting all other investors. Source link

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Venezuela-focused neobank Kontigo pays back users after $340K USDC hack

Kontigo, which allows Latin American users to dodge inflation by using “digital dollars” has been forced to reimburse over 1,000 accounts. Source link

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Coinbase

Billion-dollar scammer Chen Zhi arrested in Cambodia, extradited to China

Chen Zhi is head of the Prince Group and had previously laundered around $15B in BTC, revealed to have been seized in October.

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CHART: Every crypto sponsor in this year’s Premier League

The number of Premier League football teams entering into partnerships with crypto sponsors fell this year from 14 to 13. Source link

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Strategy’s bitcoin premium vanishes as mNAV crashes to 1x

The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings. Source link

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Crypto gold promoters claim 80% APR amid speculative mania

Crypto promoters are trying to lure precious metal speculators with dubious claims of ultra-high yield farms in tokenized gold. Source link

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Zcash core team quits over restructuring conflict, ZEC down 20%

A group of major Zcash developers has resigned over a restructuring dispute that sought to attract external investment for the Zashi wallet. Source

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Crypto influencer Scooter explores defamation claim against Burwick Law

Scooter is exploring defamation remedies after Burwick Law claimed crypto influencer Scooter threatened “livelihood-destroying campaigns.” Source link

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Crypto scammer linked to world’s largest seizure of weight loss drugs

Fasial Tariq, who founded the Paradox crypto game, has now been linked to $335K worth of the so-called “Godzilla” of weight loss jabs.

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