The billionaire founder and CEO of Citadel Securities warns that a global and US recession is on the table if a critical waterway for oil shipments remains closed for an extended period of time. In a new CNBC interview, Ken Griffin says oil prices will likely soar to unmanageable levels if Iran continues its blockade …
Monthly archives: May 2026
Authorities Abruptly Shut Down Georgia Lender in Second Bank Failure of 2026
Regulators have abruptly shuttered the doors of a Georgia-based bank in the second bank failure of the year. The Federal Deposit Insurance Corporation (FDIC) says the Georgia Department of Banking and Finance has closed the Community Bank and Trust – West Georgia of LaGrange. The FDIC says it has been appointed as the receiver and …
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7 Democrats seen as ‘key’ to advancing CLARITY Act: Galaxy
Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote. In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and …
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Veteran investor bets on Ethereum as AI agents drive tokenization demand
Macro investor and former hedge fund manager Jordi Visser said he recently bought Ether as he sees the “tokenization reality” starting this year, with tokenized assets powering agentic AI payments. “I don’t think enough people are talking about tokenization and what’s happening,” Visser told Anthony Pompliano on a podcast on Saturday, predicting that tokenization and …
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Australia plans capital gains tax changes affecting crypto investors: Report
The Australian government is reportedly seeking to replace capital gains tax discounts on crypto and other assets with an inflation indexation tax, which could increase the taxes on long-term crypto gains. The Albanese government’s fiscal year 2027 budget, set to be released on Tuesday, would cut the current 50% capital gains tax discount alongside changes …
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Whitehat returns $190K to Renegade hours after hacking the protocol
The team behind the Renegade.fi protocol said a whitehat hacker returned about $190,000 after exploiting one of its Arbitrum-based decentralized dark pools and later complying with instructions in an onchain message to return 90% of the funds. Renegade confirmed the return of funds on Sunday after blockchain analytics platform Blockaid flagged the $209,000 exploit at …
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England central banker says global stablecoin rules will ‘wrestle’ with US
Bank of England Governor Andrew Bailey said international regulators will have to “wrestle” with the US over global rules for stablecoins, which are largely denominated in and backed by US dollars. “If we want stablecoins to be part of the architecture of payments globally […] they’re only going to work if we have international standards,” …
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SUI spikes 50% amid staking moves, zero-fee stablecoins, privacy push
Sui network’s native token, SUI, has climbed 50% over the past seven days after a Nasdaq-listed company staked a large portion of the token’s supply and developers announced upcoming features, including zero-fee stablecoin transfers and private transactions. SUI traded around $0.94 on May 4 before climbing to $1.41 on Sunday, according to CoinGecko. Over the …
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Privacy advocates slam reCAPTCHA update that they say locks out de-Googled phones
Privacy proponents have criticized Google’s latest updates to its reCAPTCHA system, arguing it has effectively “locked out” millions of websites from Android users running privacy–focused operating systems. Google-owned reCAPTCHA is used to verify whether a user is a person, usually by asking them to click on images of a bus or a fire hydrant. Google …
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Bitcoin rallies 2.3% after Trump calls Iran peace proposal ‘totally unacceptable’
Bitcoin briefly dipped before surging over $82,000 on Sunday as US President Donald Trump rejected Iran’s counteroffer to a peace deal, which could prolong tension in the Middle East. “I don’t like it — TOTALLY UNACCEPTABLE,” Trump said in a post to Truth Social on Sunday after reading Iran’s proposal to end the war. Iran …
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What Can’t Be Seen, Can’t Be Seized – Week in Review
Key Takeaways. Bitcoin held $80K as Jamie Coutts flagged treasury demand, pointing to a stronger next BTC bid. Stablecoins hit $321B as Tether’s $20B gold stash and Kraken’s $600M deal pushed rails mainstream. Zcash rose 72% in 30 days as Tushar Jain backed privacy, setting up a bigger 2026 ZEC debate. Bitcoin’s display of might …
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Latam Insights: Venezuela’s Crypto Mining Ban, Tether’s $300M Lawsuit
Key Takeaways After May 7, demand hit 15,579 MW, Venezuela upheld a mining ban, and will next sanction illegal operators. Tether sued Titan Holding over a $300M defaulted loan and next seeks an asset freeze to recover funds. Binance notes stablecoins drive 90% of Peru’s $28B crypto market, aiming to cut remittance middlemen. Venezuela Upholds …
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‘A Lot Further to Go’: Ex-Goldman Strategist Predicts a Massive Breakout for the Brazilian Real
Key Takeaways Driven by US-Iran tensions, Robin Brooks notes the undervalued Brazilian real will next surge past 4.5. As Hormuz Strait unrest boosts Brazil’s exports, the market may next see a 20% real rally mirroring 2022. Upcoming elections between Lula da Silva and Flávio Bolsonaro may disrupt the real’s run to 4.5. ‘A Perfect Storm’ …
Why Is Strategy Valuable? CEO Says MSTR Is More Than Its BTC Holdings
Key Takeaways Strategy highlighted enterprise software operations as a core driver supporting its bitcoin treasury business. Cloud revenue increased 59%, while controllable margin improved 27% during the first quarter. Investors may increasingly evaluate Strategy through both BTC exposure and operational execution capabilities. Why Strategy Says Its Value Extends Beyond Bitcoin Holdings On May 10, Strategy …
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Altcoin Trading Volume Shoots Up: Is The Altseason Upon Us Again?
Following the recent uptick in altcoin prices, conversations about the potential start of an altseason are gaining significant momentum. Interestingly, recent on-chain data about the rising altcoin trading volume has added some weight to the altseason discussions. Altcoin Trading Volume Climbs Above Yearly Average In a recent Quicktake post on the CryptoQuant platform, CryptoOnchain revealed …
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