Federal authorities just pulled the curtain back on one of the most elaborate insider trading operations in recent memory. The Department of Justice and Securities and Exchange Commission announced charges against 30 individuals accused of running a sprawling scheme that allegedly milked tens of millions of dollars from approximately 30 major mergers and acquisitions over…
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…
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…
Secretary of State Marco Rubio and US Special Envoy Steve Witkoff sat down with Qatari Prime Minister Mohammed bin Abdul Rahman al-Thani in Miami this week, in what amounts to the highest-level gathering of mediators since the Gaza ceasefire began in October. The meeting also included Turkish Foreign Minister Hakan Fidan and Egyptian Foreign Minister…
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…
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,…
Pennsylvania just drew a line in the sand for AI companies playing doctor. The state’s Department of State filed a lawsuit on May 5 against Character Technologies Inc., the company behind Character.AI, alleging its chatbots impersonated licensed medical professionals and handed out mental health advice without any credentials to back it up. The case represents…
Over six years ago, BTC plummeted by 50% within a few days as COVID spread like wildfire. It’s like a few wars, rising inflation, and global uncertainty are not enough these days. Now, the world needs to pay attention to another health hazard that made the news in the past few weeks: the Hantavirus,…
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…
The United Arab Emirates is leaving OPEC. After nearly six decades of membership, the Gulf state announced its departure from the oil cartel, effective May 1, 2026. The UAE was OPEC’s third-largest producer, sitting on spare capacity estimated at 3 to 3.5 million barrels per day. A feud decades in the making The tension between…
