AI Financial Posts $271M Loss as WLFI Bet Strains
TL;DR: AI Financial reported a $271.5 million quarterly net loss and warned its condition raises substantial doubt about continuing operations within one year. The company held
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Crypto Ponzi: Ohio Investment Manager Gets Nine Years for $10M Scam
Rathnakishore Giri, a 31-year-old investment manager from the state of Ohio, was sentenced to nine years in prison for operating a Ponzi scheme crypto that defrauded investors out of a
Ethereum Foundation Faces Another Talent Shake‑Up With Two Long‑Time Researchers Leaving
The Ethereum Foundation is going through a new wave of high-profile employee departures. Researchers Julian Ma and Carl Beek submitted their resignations this Monday, bringing to at least eight the total exits accumulated
Echo Protocol Hit by $76M eBTC Minting Exploit
TL;DR: Echo Protocol suffered a Monad deployment exploit after an attacker minted 1,000 unauthorized eBTC worth about $76 million to $77 million. Early reviews linked the
Solana Posts $342M Chain GDP as RWA Activity Expands
TL;DR: Solana generated $342.2 million in Q1 2026 Chain GDP, with PumpFun remaining the top revenue-generating application at $124.7 million. REV slipped 1% quarter over quarter
BingX Upgrades Futures Grid Suite for Bot Trading
BingX announced a major upgrade to its Bot Trading ecosystem, centered on a revamped futures grid trading suite. According to the company, the upgrade adds a
Spot Bitcoin ETFs Shed $649M in a Day, Extending Last Week’s $1B Slide
TL;DR Record Outflows: Spot Bitcoin ETFs saw $648.6 million in single‑day outflows, extending last week’s $1 billion slide and ending a six‑week positive streak. Macro Pressure:
DIA Deploys tGBP Reserve Oracle on Ethereum
DIA said that it deployed a Proof of Reserves oracle for tokenised GBP (tGBP) on Ethereum. According to the blog, the feed prices tGBP by reserve
CFTC Appoints Crypto Specialist DJ Hennes to Modernize US Derivatives Rules
TL;DR: The new Director of the CFTC’s Market Participants Division, DJ Hennes, formally assumed his regulatory duties on Monday, May 18, 2026. The official has a
SEC Plans Framework for Trading Tokenized Versions of Stocks
TL;DR: The Depository Trust & Clearing Corporation (DTCC) has scheduled the start of trial operations with tokenized assets for the month of July. The U.S. Securities
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