Author: Isabella Taylor

The Commodity Futures Trading Commission is considering new rules that would protect some non-custodial crypto software developers from broker registration duties. Summary CFTC may turn its Phantom no-action stance into rules for non-custodial crypto software developers soon. The Phantom letter said some self-custody wallet providers may avoid broker registration under stated conditions. Selig also said CFTC will keep suing states over prediction market rules it says breach federal authority. CFTC Chair Michael Selig said the agency wants to turn its March no-action position for Phantom Technologies into formal rules. The move could give wallet builders clearer treatment under U.S. derivatives…

Brad Garlinghouse has warned that recent Senate progress on the CLARITY Act still leaves a narrow window for the bill to move forward. Summary Brad Garlinghouse said the CLARITY Act could lose momentum if the Senate does not act within the next two weeks. Senators Thom Tillis and Angela Alsobrooks reached a stablecoin yield compromise that removes a key hurdle in the bill’s progress. According to Brad Garlinghouse, the next two weeks will determine whether the digital asset market structure bill can advance, as delays risk pushing the issue into the political cycle ahead of the 2026 U.S. midterm elections. …

Kelp DAO said it will migrate rsETH to Chainlink’s Cross-Chain Interoperability Protocol after April’s $292 million bridge exploit, while its dispute with LayerZero over the cause of the attack continued to deepen. Summary Kelp DAO is moving rsETH to Chainlink CCIP after April’s $292 million bridge exploit. LayerZero denied Kelp’s claims and said rsETH manually changed to a 1-of-1 setup. Aave is fighting a restraining notice over frozen ETH tied to the rsETH hack. Kelp DAO said the move to Chainlink CCIP is part of its plan to strengthen rsETH security after hackers drained 116,500 rsETH from its LayerZero-powered bridge…

Dubai-based Global Millennial Capital closes a $100M IPO Opportunities Fund to back overlooked AI and DeFi mid-cap tech names one to three years before exit. Summary Dubai-based Global Millennial Capital (GMCL) has closed its first “IPO Opportunities Fund” at $100 million, backed by family offices from Saudi Arabia, Kuwait, and Qatar, alongside international wealth managers. The fund will give professional and institutional investors access to late-stage private placements in mid-cap technology companies with market caps between $5 billion and $20 billion, focusing on artificial intelligence and DeFi infrastructure. GMCL says it aims to exploit an “underpenetrated” segment of tech names…

K Wave Media reversed its $485 million Bitcoin treasury plan today, redirecting funds to AI data centres and GPUs Summary K Wave Media scrapped its $500 million Bitcoin treasury strategy and redirected approximately $485 million to AI data centres and GPU infrastructure. Shares fell 24% on the announcement, which also came with a company rebrand to Talivar Technologies, pending shareholder approval. CEO Ted Kim called the reversal “a defining inflection point,” making K Wave one of the most abrupt corporate Bitcoin strategy pivots on record. K Wave Media scrapped its Bitcoin treasury strategy on May 5 and redirected the capital…

Aave court motion filed today in New York asks a federal judge to unfreeze $71 million in ETH. Summary Aave LLC filed an emergency motion in the Southern District of New York to unfreeze 30,765 ETH worth approximately $71 million. The filing argues the funds belong to users victimized in the April 18 Kelp DAO exploit, not to North Korean hackers. Plaintiffs holding $877 million in unpaid terrorism judgments against North Korea claim the ETH is recoverable DPRK property. Aave LLC filed an emergency motion today in the Southern District of New York to vacate a restraining notice blocking 30,765…

A Fairshake poll finds 45% of Americans call crypto too risky as industry PACs deploy over $100 million into midterms. Summary A Public First poll conducted for Politico found 45% of Americans say investing in cryptocurrency is not worth the risk. The same poll found 44% say AI is developing too fast, and two-thirds want Congress to impose strict oversight on artificial intelligence. Pro-crypto PAC Fairshake and pro-AI PAC Leading the Future have together deployed over $100 million in 2026 midterm races. A Politico poll conducted by Public First in April 2026 found that 45% of Americans say investing in…

Wall Street executives warned at Consensus 2026 that legacy markets built for slower trading are breaking under 24/7 crypto pressure. Summary Top executives at Consensus 2026 in Miami warned that traditional financial infrastructure was designed for human-paced, scheduled trading. Round-the-clock, machine-driven crypto activity is creating growing friction with settlement systems built for fixed market hours. The pressure is accelerating institutional demand for tokenized settlement, real-time clearing, and upgraded market infrastructure. Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built to absorb round-the-clock, machine-driven trading. As crypto markets operate continuously…

Anthropic venture with Blackstone and Goldman Sachs will deliver enterprise AI tools to private equity-backed companies. Summary Anthropic is finalising a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman and Friedman to serve private-equity-backed companies. The platform will deliver AI tools across finance, operations, customer service, and enterprise software to PE portfolio companies. The announcement arrived on the same day OpenAI launched a rival enterprise AI joint venture valued at $10 billion. Anthropic is close to finalising a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman and Friedman, targeting private-equity-backed companies as its primary deployment market.…

GoMining’s GoBTC protocol promises instant authorization and on-chain Bitcoin settlement with a 0.2% merchant fee, positioning miner-run rails as a low-cost challenger to Visa and Mastercard. Summary Bitcoin mining company GoMining plans to launch GoBTC, a Bitcoin-native payments protocol built on top of its own block production, at the Consensus conference. GoBTC will offer instant authorization and settlement on the Bitcoin mainnet within a few hours, charging merchants a 0.2% fee — far below the roughly 1.5%–3.5% average for Visa and Mastercard. The company pitches the protocol as a direct challenge to incumbent card networks, using block space and mining…