May 12, 2026

Melanie Edmunds

Crypto

Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output

Despite the headline loss, the company emphasized that it continued accumulating Bitcoin rather than selling into weakness. American Bitcoin (ABTC), the Trump

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Crypto

Connecticut passes sweeping AI regulation law SB5

Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws

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Crypto

Parker files for Chapter 7 bankruptcy amid shutdown reports

Parker, the corporate credit card and banking startup that emerged from Y Combinator’s Winter 2019 batch, filed for Chapter 7 bankruptcy on May

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Crypto

Banks try to kill the CLARITY Act

The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup

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Crypto

Kazakhstan plans $1.9B data center amid power shortages

Kazakhstan just signed an agreement to build out a $1.9B data center complex, betting that its geographic position and energy resources can turn

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Crypto

Hacker Drains $5.9M From Ethereum Liquidity Provider TrustedVolumes

Early reports framed the incident as a 1inch exploit, but the protocol clarified that it was not compromised and no user funds

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Crypto

Stablecoin execs warn on hard part ahead

Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and

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Crypto

Binance reports 77% of users in emerging markets treat exchanges like banking apps

Binance’s user base has undergone a quiet but dramatic demographic shift. The exchange now counts 77% of its users from emerging markets, up

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Crypto

All Ripple Roads Lead Up? Analyst Maps 3 Bullish Outcomes for XRP

Here’s how XRP can skyrocket by at least 1,000%. Although most of the market saw notable gains over the past few weeks,

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Crypto

Pentagon publishes 162 UAP files including Apollo photos

The Pentagon released 162 UAP files on May 8, including NASA Apollo moon photos and 1965 astronaut audio Summary The Department of War

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