Bitcoin Bulls Defend $79,200 as $28.3M in Long Liquidations Resets Risk
Key Takeaways Bitcoin ended the week flat at $80,200 as markets largely ignored U.S.-Iran military skirmishes. The S&P 500 jumped 17.2% since March, adding $10 trillion in value as geopolitical fears receded. Bitunix analysts see a tug-of-war ahead, with a…
SEC Targets Onchain Trading Rules and Crypto Vault Oversight
Key Takeaways Atkins highlighted broader SEC interest in formal onchain market structure rulemaking. Blockchain-based trading and clearing systems may receive tailored regulatory treatment under future proposals. Crypto vaults drew increased attention as regulators examine securities and adviser law implications. Atkins…
Coinbase Points to Multi-Zone AWS Failures Behind Outage
Key Takeaways Coinbase linked the trading outage to failures across multiple AWS zones. The disruption interrupted core trading services despite built-in recovery systems. Coinbase plans a full review while awaiting AWS’s official retrospective. Coinbase Points to AWS Failures After Trading…
Iowa Signs Crypto ATM Licensing and Oversight Bill Into Law
Key Takeaways Iowa requires crypto ATM operators to hold money transmission licenses before running kiosks. Location reporting, fee disclosures, and consumer protection penalties expand state oversight authority. Enforcement actions may seek injunctions, compliance orders, and higher penalties against violators. Iowa…
Metalpha Related Wallet Offloads $20M in ETH to Binance Amid Whale Sell-off
Key Takeaways A Metalpha-linked wallet deposited 8,771 ETH (~$19.99M) into Binance on May 8, 2026. Lookonchain flagged the move as part of a continued pattern of whale ETH selling on exchanges. ETH was trading around $2,284 as whale selling pressure…
Tether Freezes $515 Million in USDT Across 371 Addresses in 30 Days
Key Takeaways Tether 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…
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…
