by Michael
Key TakeawaysThe rsETH attacker’s Arbitrum tokens were burned today, following liquidation of 8 Aave V3 positions on May 6.Aave co-founder Stani Kulechov confirmed ETH withdrawals will normalize within 24 hours of the Arbitrum burn step.Recovery is partially... 
by Michael
Key TakeawaysStrategy is estimated to have bought 2,110 BTC on May 13, funded by proceeds from its STRC preferred stock program.The company raised $206M via STRC in May 2026, issuing 2.12 million shares at near its $100 par value.Strategy’s total holdings now stand... 
by Michael
Key TakeawaysSchumer publicly backed crypto legislation, saying Democrats want “a good crypto bill” to pass in 2026.The GENIUS Act passed the Senate 68-30 in 2025, with 18 Democrats voting yes despite Schumer’s earlier resistance.Senate Banking Chair Tim Scott has... 
by Michael
Key TakeawaysJPMorgan filed with the SEC to launch JLTXX, its 2nd Ethereum tokenized fund, via Kinexys Digital Assets.JLTXX must hold 100% short-term U.S. Treasuries, aligning with GENIUS Act stablecoin reserve rules.Blackrock’s BUIDL surpassed $2.8B in AUM by early... 
by Michael
XRP Ledger has reached a record 332,230 wallets holding 10,000 or more XRP. Growth after a sharp dip earlier in the year highlights long-term holder conviction. XRP price eyes a breakout above key resistance around $1.50. The XRP cryptocurrency continues to navigate... 
by Michael
Key TakeawaysMEXC plans to expand its Guardian Fund to $500M over two years, along with a 1,000 BTC reserve.MEXC logged $270M inflows by May 11, reflecting demand for stronger reserve safeguards.MEXC will add on-chain BTC and USDT proof-of-reserves to boost... 
by Michael
Key TakeawaysStables partnered with T-0 Network on May 12, 2026, to scale institutional USDT settlements across Asia.Infrastructure gaps persist in Asia, where 60% of global stablecoin flows face fragmented banking access.Stables targets the $300B market, routing USDT... 
by Michael
Key TakeawaysTreasury CS John Mbadi submitted Finance Bill 2026 to Parliament on April 30, 2026 targeting KSh 120 billion.VASPs to file annual returns to KRA under Tax Procedures Act amendment after section 6B.The bill reintroduces 20% withholding tax on gambling... 
by Michael
Key TakeawaysNPR documented third Polymarket insider trading pattern in three months on May 7, 2026.Senate Res. 708 banned member and staff prediction-market trading by unanimous consent April 30.CFTC charged Master Sgt. Van Dyke with $404K Polymarket insider trading... 
by Michael
Key TakeawaysExodus Movement reduced its bitcoin treasury by 63% in Q1 2026 to fund strategic fintech acquisitions.The 1,076 BTC liquidation helped raise cash for the May 1 purchase of payments firms Monavate and Baanx.Despite the $73.2 million disposal, Exodus... 
by Michael
Key TakeawaysTHYP launched with spot HYPE exposure, staking rewards, and $1.8 million in trading volume.Investors face staking risks, market-price trading, and no direct individual share redemption.TXXH’s daily leverage reset may amplify losses over time. Hyperliquid... 
by Michael
Key TakeawaysCFTC and SEC efforts aim to bring more consistency to overlapping financial market oversight.Growing market overlap has increased pressure for clearer, more consistent regulatory coordination.Firms may see reduced compliance friction if joint agency work... Translate »
