Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Summary Kraken parent Payward filed a second amended complaint in Colorado federal court accusing Etana Custody and CEO Dion Russell of misappropriating over $25m in client funds. The complaint alleges Etana commingled custodial assets with operating funds, made risky bets
OpenAI just split its voice AI into three distinct tools, and the move matters far beyond the world of chatbots. The company launched GPT-Realtime-2, GPT-Realtime-Translate, and GPT-Realtime-Whisper on May 7, each targeting a specific slice of real-time audio processing rather than cramming everything into one monolithic product. For crypto markets, the announcement landed like a
The impact on crypto prices was quite minimal compared to the ceasefire between Iran and the US. US President Donald Trump announced on his social media platform that the two warring parties in Europe, Russia and Ukraine, have agreed to a three-day ceasefire. Bitcoin’s price reacted to the news positively, but in a more
Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling its worth in just five months. Summary Kalshi raised $1bn in a Series F round led by Coatue at a $22bn valuation, doubling the $11bn it achieved just five months ago. Institutional trading volume on the platform surged 800% in six
A week after senators finally shook hands on one of the thorniest disputes in crypto legislation, the next domino is about to fall. The Senate Banking Committee has scheduled a markup hearing on the CLARITY Act for May 14, 2026, moving the sweeping digital asset bill one step closer to a full Senate vote. The
Meme coins associated with the virus have already accumulated multimillion-dollar market caps. The crypto community, especially some dealing with meme coins, has a strange sense of humor and often tries to capitalize on events that pose real danger to humanity. The hantavirus, which killed some people on a cruise ship recently, is just another
SIREN price surged 22% on Binance perpetuals on May 8, hitting $1.2965 before a sharp 4H reversal warned of seller resistance. Summary SIREN’s Binance perpetual contract rose 22.82% on May 8, touching a session high of $1.2965 on volume of 139.23M tokens. The 4H spot chart on MEXC printed a long upper wick at $1.2207
The US isn’t trying to remake China’s economy. It just wants a fairer deal. That’s the message from US Trade Representative Jamieson Greer, who stated on May 8 that the administration’s goal is “balanced trade” with China under the current tariff framework. The phrasing matters. It’s a deliberate step back from the more combative posture
The last comparable wallet exit rate in 2024 saw over 964,000 wallets leave across five weeks, preceding a notable bull run. Bitcoin (BTC) shed around 245,000 wallet holders in just five days, the fastest rate of wallet exits in nearly two years, according to on-chain analytics firm Santiment. The last time this happened at
Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often Summary Oxford Internet Institute researchers tested five AI models and found that warmer-trained chatbots made between 10% and 30% more factual errors. Warmer chatbots were 40% more likely to agree with users’ false beliefs, especially when