Key Takeaways ZachXBT named Bitget founder Shawn Liu as the platform’s actual leader, relegating current CEO Gracy Chen to a figurehead role. He also warned of an imminent escalation against the “Chinese CEX cartel” in the near future. Neither Bitget nor Shawn Liu has publicly responded to ZachXBT’s allegations at press time. Turning The Spotlight
Key Takeaways House Ways and Means Committee convenes bipartisan crypto tax session on May 14, alongside the CLARITY Act vote. PARITY Act would defer staking taxes for up to 5 years and eliminate capital gains on stablecoin payments under $200. Rep. Max Miller expects the bill to advance before August 2026, aligning with ongoing CLARITY
Key Takeaways Cardano CEO Frederik Gregaard stated that blockchain must provide a neutral alternative to politicized global banks. Showing impact, the A7A5 stablecoin moved $93B before the EU banned it in a November 2025 sanctions package. Moving past speculation, Gregaard notes blockchain should next build a resilient infrastructure for commerce. Cardano Foundation CEO Talks Blockchain
Key Takeaways Draftkings CEO Jason Robins eyes “top two or three” global market-maker spot via the Railbird exchange. Flutter began market-making for a major third-party prediction platform in April; own platform launches soon. Flutter cut FY 2026 guidance to $18.305B revenue; Draftkings maintained its $6.5–6.9B FY range. Sportsbooks Move From Prediction-Market Products to Infrastructure Draftkings
Key Takeaways Cleanspark posted $136.4M in Q2 FY2026 revenue, a 24.9% year-over-year drop driven by Bitcoin price swings. A $224.1M non-cash Bitcoin fair value loss pushed Cleanspark’s net loss to $378.3M for the March 2026 quarter. CEO Matt Schultz targets AI/HPC commercialization as Cleanspark doubled MW under contract with 585 MW of ERCOT capacity. Cleanspark
Key Takeaways Strategy could sell BTC to fund dividends while seeking to preserve confidence in its treasury approach. Preferred securities make liquidity, dividend coverage, and market access more important for investors. Future signals include BTC sales, USD Reserve changes, preferred coverage, and new issuance. Strategy’s Potential BTC Sale Changes the Treasury Debate Strategy (Nasdaq: MSTR)
Key Takeaways Moonpay acquired Dawn Labs on May 11, 2026, adding founder Neeraj Prasad as Chief Engineer of Moonpay Labs. Dawn CLI automates the full trading lifecycle, targeting fragmented infrastructure on platforms like Polymarket and Kalshi. Moonpay now serves 30 million customers across 180 countries as it pushes deeper into AI-native financial infrastructure. Moonpay Buys
Key Takeaways Circle shares closed up 16% on May 11, 2026, pushing CRCL’s year-to-date gains to roughly 68%. Blackrock, A16z, and Apollo backed Circle’s $222M Arc token presale at a $3B fully diluted valuation. USDC onchain transaction volume hit $21.5 trillion in Q1 2026, up 263% year-over-year. Circle Investors Push CRCL up 16% Shares of
Key Takeaways ICBA President Rebeca Romero Rainey warned Kraken’s OCC national trust charter application creates “interconnected risks” to financial stability. ABA CEO Rob Nichols urged bank CEOs on May 10, 2026, to contact senators before the Senate Banking Committee’s vote on the CLARITY Act. Banks warn that stablecoin yield features could drain community bank deposits,
Key Takeaways Capital B raises €15.2 million via private placement on May 11, 2026, targeting 182 additional BTC for its treasury. Adam Back joins as a strategic investor, lifting his stake to 13.43% as Capital B eyes 15,000 BTC by the end of 2027. Full warrant exercise could generate €99.1 million more, giving Capital B