BSP Issues Warning Anew Against Unauthorized Crypto Service Providers
The Bangko Sentral ng Pilipinas (BSP) issued a public advisory on May 8, 2026, warning the public against transacting with unauthorized virtual asset service providers (VASPs). The central bank noted that engaging with unlicensed platforms poses significant risks to financial…
Coinbase Buys $88 Million Worth of Bitcoin in Q1 2026
Key Takeaways Coinbase 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…
Flutter Restructures US Operations as FanDuel CEO Howe Departs With $4.37M Severance
Key Takeaways Amy 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…
Bitcoin Must Hold $88.88K to Confirm a BTC Bottom, Analysis
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 holder…
Coinbase Reports 8.6% Record Market Share and $200 Million Derivatives Revenue
Key Takeaways Coinbase 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 in digital payments….
Kalshi Hits $22 Billion Valuation After Massive $1 Billion Series F Funding Round
Key Takeaways Kalshi 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…
CLARITY Act Draft Circulates Ahead of Potential Senate Vote, Report
Key Takeaways Senate Banking leaders reportedly circulated the CLARITY Act draft text before a potential Thursday committee vote. Unresolved bracketed sections, ethics language, and stablecoin rewards remain key sticking points. Polling found 52% of voters support the CLARITY Act after…
Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs
Key Takeaways Bitcoin fell below $80,000 on May 7, erasing weekly gains after hitting a high of $82,833. Volatility triggered $270 million in liquidations and pulled the crypto market cap to $2.74 trillion. Concerns mount that President Trump may pivot…
South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January
Key Takeaways Moon 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…
DOJ, CFTC Probe $2.6B Oil Trades Before Trump and Iran Statements: Report
Key Takeaways Federal investigators are examining oil futures trades totaling more than $2.6 billion. Large bets preceded Iran-related updates that appeared to move global oil prices. Authorities are reviewing whether nonpublic information influenced the timing and scale. DOJ and CFTC…
