May 11, 2026

Julia Parr

Coinbase

Pudgy Penguins removes ‘racist’ post after Manchester City complaint

Pudgy Penguins claimed that X’s crackdown on reply spam and “AI slop” might “have a significant effect on India’s economy.” Source link

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Gmak! Flash loan hack hits DeFi platform Makina for $5M

A flash loan attack allowed a hacker to manipulate the DUSD pool on Curve Finance. Another, smaller hack hit SynapLogic four hours earlier.

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What happened with Trove Markets?

The collectible perp trading project Trove Markets launched its token yesterday, and it shed over 90% of its value in minutes. Source link

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Can a BTC ‘seed phrase slot machine’ really make you rich?

The Mnemonic Slots website hosts a BTC seed phrase slot machine, offering unlimited free spins. But is it worth playing? Source link

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CHART: BTC underperforms in Trump’s first year in office

Bitcoin has performed worse during the first year of the Trump administration than it performed under the Biden administration. Source link

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Jack Mallers drops BTC per share metric as Twenty One stock falls 84%

Mallers advertised Twenty One as a company that would increase BTC per share but it hasn’t disclosed any purchases since July. Source link

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Iran’s central bank stacked $507M USDT last year, report

Iran gathered at least half a billion dollars worth of USDT last year to help bypass sanctions and boost its own currency. Source

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Strategy manager wrong about BTC backing STRC

The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t. Source link

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Saga becomes latest victim in DeFi hacking spree

The root cause behind the hack remains unclear. Around $6M in ETH and $850K of YieldFi assets sit in the hacker’s ETH address.

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Celsius estate alleges TrueUSD firms gambled customer deposits

Celsius has filed a lawsuit against Archblock, alleging that it’s failed to redeem millions of dollars worth of stablecoins. Source link

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