Key Takeaways Coinbase CEO Brian Armstrong called the AWS-linked exchange outage unacceptable for customers. Trading, account access, and customer account information were disrupted across several Coinbase exchange services. Coinbase plans to revisit resilience tradeoffs to reduce future outage duration and customer impact. Armstrong Says Resilience Tradeoffs Will Be Reviewed Crypto exchange Coinbase (Nasdaq: COIN) has
Key Takeaways ECB President Lagarde called euro-denominated stablecoins a financial stability risk on May 8, 2026. Lagarde mentioned that USDC depegged to $0.877 during SVB’s 2023 collapse, exposing $3.3 billion in Circle reserves. The ECB’s Pontes project launches in September 2026 to anchor DLT settlement in central bank money. Lagarde Warns European Banks That Euro
Key Takeaways Lazarus Group attacked Layerzero Labs internal RPCs and poisoned data sources in order to attack the KelpDAO DeFi project. The security breach impacted 0.14% of applications and roughly 0.36% of asset value associated with Layerzero. Layerzero Labs is migrating all defaults to a 5/5 DVN setup to improve cross-chain security. Layerzero Labs Apologizes
Key Takeaways Blackrock filed to tokenize its $6.1B BSTBL fund on Ethereum, targeting stablecoin investors. The move builds on Blackrock’s BUIDL fund, now at over $2.50B AUM across 8 blockchains. SEC approval is pending; Ethereum holds over $8.0B in tokenized treasuries as of May 2026. Blackrock Eyes $6.1B Fund Tokenization The world’s largest asset manager
Key Takeaways The IMF predicts that a shift to agentic AI will trigger a radical increase in the velocity of money. Sydney Huang warns that the projected $236 billion agentic market by 2034 requires machine-speed regulatory oversight. Future stability for Human API and global banks depends on embedding framework mandates into code. The End of
Key Takeaways AGA Q1 2026 outlook: 81% of gaming executives flag prediction markets as “very significant” threat. Four major operators exited AGA in six months: Draftkings, Fanduel, Fanatics, and bet365. Senate Commerce subcommittee opens first prediction-markets hearing on May 20. Fractured Lobbying Landscape Augurs Competition in Heightened Regulatory Environment The AGA survey states that executive
Key Takeaways Paga partnered with Sui on May 7 to launch high-yield accounts and crypto rails for 1 billion people. Paga joins Flutterwave and Paystack in exploring blockchain for settlement, treasury and global payments Paga will use its $42 billion historical scale to roll out USDsui stablecoin yields and asset tokenization. A Roadmap for Digital
Key Takeaways Peirce said regulators should understand evolving markets before deciding whether new rules are needed. Retail investors continue trading crypto, metals, ETFs, and perpetual futures through simplified digital platforms. Jurisdiction limits may shape future SEC oversight as crypto-linked investment products continue expanding. ETF Access and SEC Authority Shape Crypto Debate Securities and Exchange Commission
Key Takeaways Senate Banking scheduled a May 14 markup for the CLARITY Act at 10:30 a.m. Committee members will debate amendments before deciding whether the crypto bill advances further. Industry groups say the markup could advance long-delayed federal digital asset market structure rules. Senate Banking Takes Up Long-Delayed Crypto Bill The U.S. Senate Banking Committee
Key Takeaways The XRP Ledger Foundation introduced leaders across operations, engineering, and community engagement. The update emphasized collaboration with developers, validators, and infrastructure operators. Public coordination will focus on advocacy, development, and events. XRP Ledger Foundation Formalizes Broader Operating Structure The XRP Ledger Foundation, a nonprofit organization that contributes to, grows, and advocates for the