Missouri Sues CoinFlip Over Alleged Crypto ATM Fraud Failures
Missouri Attorney General Catherine Hanaway filed a lawsuit in late May 2026 against GPD Holdings LLC, the operator of CoinFlip, accusing the company of knowingly…
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Treasury Sanctions Sinaloa-Linked Crypto Laundering Networks
The U.S. Treasury Department sanctioned two networks tied to the Sinaloa Cartel on May 20, 2026, citing fentanyl trafficking and the conversion of illicit proceeds into…
Strategy Becomes Bitcoin’s Dominant 2026 Buyer
Strategy’s aggressive Bitcoin accumulation has become one of the defining market forces of 2026, with public filings and analyst reports showing the company dominating…
Meta Cuts 8,000 Jobs as AI Reorganization Accelerates
Meta Platforms launched a major reorganization on May 20, 2026, cutting roughly 8,000 jobs, about 10% of its workforce, while employees in Singapore were among the first…
Non-USD Stablecoins Struggle to Break Dollar Dominance
Non-USD stablecoins still account for only about 0.24% to 0.5% of the broader stablecoin market, based on aggregated April-May 2026 data.
Truth Social Pulls Crypto ETF Filings in Strategic Reset
Trump Media-backed Truth Social withdrew registration statements for three proposed crypto exchange-traded funds on May 19 and 20, 2026, pausing plans for spot and…
Minnesota Prediction Market Ban Draws Swift CFTC Challenge
Minnesota has moved prediction markets into the center of a high-stakes regulatory fight after Governor Tim Walz signed a law making the operation or promotion of such…
Prime Trust Estate Sues Swan Bitcoin for Nearly $1B in Clawbacks
The PCT Litigation Trust filed an adversary complaint against Swan Bitcoin’s operating entity, Electric Solidus Inc., in Delaware bankruptcy court on May 15, 2026…
Ohio Crypto Manager Gets Nine Years for $10M Ponzi Scheme
Rathnakishore Giri, a 31-year-old investment manager from New Albany, Ohio, was sentenced to nine years in federal prison and three years of supervised release for…
Galaxy Secures New York BitLicense and Money Transmitter Approval
Galaxy Digital received a BitLicense and Money Transmission License from the New York State Department of Financial Services, authorizing GalaxyOne Prime NY to offer…
Vitalik Buterin Says AI Formal Verification Could Make Crypto Safer
Vitalik Buterin argued that combining artificial intelligence with formal verification could make Ethereum and broader crypto infrastructure “much more secure,” shifting…
FSC Reviews Hana Bank’s Dunamu Stake Under Bank-Crypto Separation Rules
South Korea’s Financial Services Commission is reviewing Hana Bank’s planned 6.55% stake in Dunamu, the operator of Upbit, after the bank announced the deal in mid-May.
Grayscale and VanEck Advance Spot BNB ETF Filings After SEC Feedback
Grayscale and VanEck submitted amended S-1 registration statements in mid-May, signaling active SEC engagement on proposed U.S. spot BNB ETFs.