Despite the headline loss, the company emphasized that it continued accumulating Bitcoin rather than selling into weakness. American Bitcoin (ABTC), the Trump family-backed BTC company, released its Q1 2026 financial results earlier in the week, and they showed a nearly $82 million net loss for the period. This was despite the firm mining a
Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws in the US. Summary Connecticut SB5 passed 131-17 in the House and 32-4 in the Senate on May 1, with Governor Lamont confirming he will sign the bill. The law covers AI
Parker, the corporate credit card and banking startup that emerged from Y Combinator’s Winter 2019 batch, filed for Chapter 7 bankruptcy on May 7, 2026. The company is widely reported to have shut down entirely. Chapter 7 is the nuclear option of bankruptcy filings. Unlike Chapter 11, which lets companies restructure and attempt a comeback,
The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14. Summary Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup. Senators Lummis and Tillis publicly defended the deal,
Kazakhstan just signed an agreement to build out a $1.9B data center complex, betting that its geographic position and energy resources can turn it into a serious player in the global compute race. There’s one problem: the country doesn’t currently have enough electricity to power what it already has. The deal, signed between Kazakhstan’s Ministry
Early reports framed the incident as a 1inch exploit, but the protocol clarified that it was not compromised and no user funds were affected. TrustedVolumes, a liquidity provider on the Ethereum blockchain, lost about $5.9 million in funds to a hacker on Thursday. The attacker was able to exploit a vulnerability within the custom
Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps still block mainstream use. Summary MoonPay VP Richard Harrison said the GENIUS Act gave firms a regulatory permission slip, accelerating traditional finance entry into stablecoins. Ripple SVP Jack McDonald argued
Binance’s user base has undergone a quiet but dramatic demographic shift. The exchange now counts 77% of its users from emerging markets, up from 49% in 2020. The numbers behind the banking shift 73% of stablecoin savers on Binance are located in emerging markets. In English: nearly three out of four people using the platform
Here’s how XRP can skyrocket by at least 1,000%. Although most of the market saw notable gains over the past few weeks, with BTC surging to a multi-month peak at almost $83,000, Ripple’s cross-border token couldn’t really mimic the rally and was rejected at $1.45. Since then, the bears have resumed control, pushing it
The Pentagon released 162 UAP files on May 8, including NASA Apollo moon photos and 1965 astronaut audio Summary The Department of War posted 162 UAP files on May 8 at war.gov/ufo, covering sightings from 1942 to 2025, with 108 of the files containing some redactions. The most notable documents include NASA transcripts and photographs