by Michael
Key TakeawaysTether blacklisted 371 addresses, freezing ~$515M in USDT on Ethereum and Tron over 30 days ending May 7.Of the 371 freeze actions, 329 occurred on the Tron network and 42 on Ethereum.The crackdown has once again showcased Tether’s growing compliance role... 
by Michael
Key TakeawaysRobinhood CEO Vlad Tenev said May 8, 2026, that the U.S. is very close to passing the Crypto Clarity Act.Senator Angela Alsobrooks says the yield issue blocking bitcoin market structure legislation is now resolved.The Crypto Clarity Act would define which... 
by Michael
Key TakeawaysCoinbase purchased $88 million in bitcoin during Q1 2026, the company disclosed on its earnings call.The buy adds Coinbase to the growing list of publicly traded firms holding bitcoin on their balance sheet.Coinbase CFO Alesia Haas also revealed the... 
by Michael
Bitcoin retreated amid clashes in the Strait of Hormuz and rising oil prices. Analysts argue that a limited appetite for full‑scale escalation caps downside risk. Bulls aim for a rebound toward $82,000, but bears could target a breakdown below $78,000. Bitcoin dropped... 
by Michael
Key TakeawaysAmy Howe departed as FanDuel CEO on May 6 with $4.37M severance after five years leading the US sportsbook.Christian Genetski assumed leadership; Dan Taylor was named President of Flutter Entertainment in a newly created role.Flutter Q1 revenue up 17% to... 
by Michael
Key TakeawaysPayward Inc. agreed to acquire Reap Technologies for up to $600 million, valuing Kraken’s parent at $20 billion.Reap nearly tripled revenue and volumes in 2025, with the global stablecoin card market now exceeding $18 billion annually.The deal is expected... 
by Michael
Key TakeawaysPremier David Burt revealed a new USDC airdrop and merchant program at Consensus Miami 2026 on May 6.Bermuda uses its 2018 Digital Asset Business Act to lead stablecoin adoption in small global economies.The 2026 initiative targets retail utility,... 
by Michael
Key Takeaways$88.88K was identified as the first major resistance level above the current bitcoin price.Underwater holder cohorts could increase sell pressure as BTC approaches key realized price bands.Sustained acceptance above $88.88K would place the most recent... 
by Michael
Key TakeawaysCasino.org, Casino Guru, and Covers.com are now inside Genius Sports platform after the $1.2 bn Legend acquisition close.Q1 revenue beat consensus by 10% at $188M, while EPS missed by 20x at -$0.21 on acquisition costs.Q2 forecast projects $185M revenue... 
by Michael
Key TakeawaysMoon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year.Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won.The NTS is drafting final notices, with major exchanges like... 
by Michael
Key TakeawaysCoinbase reached 8.6% crypto trading volume market share, setting a new company high.Derivatives adoption lifted retail annualized revenue above $200 million, expanding Coinbase’s revenue mix.Base and USDC activity could further strengthen Coinbase’s role... 
by Michael
Key TakeawaysKalshi raised a $1B Series F led by Coatue, doubling its valuation to $22B to target institutions.As institutional trading volumes surged 800%, Kalshi’s annualized volume reached a massive $178B.Next, Kalshi will use the $1B to build tailored... Translate »
