Author: John Smith
Missouri has sued GPD Holdings LLC, the company behind CoinFlip, alleging the crypto ATM operator enabled scam transactions and used poorly disclosed fees. Summary Missouri sued CoinFlip, alleging crypto ATMs enabled scams against seniors and veterans. State seeks Missouri ban, restitution, and civil penalties of up to $1.826 million. Bitcoin Depot’s bankruptcy shows crypto ATM operators face mounting legal and regulatory pressure. Missouri Attorney General Catherine Hanaway filed the case against GPD Holdings LLC, doing business as CoinFlip, on May 21. Her office said the company allegedly “knowingly facilitating fraudulent transactions and profiting from them” through cryptocurrency kiosks across the…
GSX has settled over $350m on-chain while none of its committed $125m settlement liquidity has moved yet. Summary GSX co-founder Ryan Kirkley said zero of the committed $125m settlement liquidity has moved since the May 6 announcement. The firm has settled more than $350m on-chain, mostly through US dollar stablecoins. GSX is still forming the market maker entity that will deploy the committed liquidity. Global Settlement Network co-founder Ryan Kirkley said the company has settled over $350m on-chain, even as none of its newly committed $125 million in settlement liquidity has moved.The disclosure, made in a recorded interview, draws a…
Hester Peirce will leave the SEC in November 2026 to join Regent University School of Law as professor. Summary Regent University School of Law announced on May 19 that Hester Peirce will join as associate professor starting in November 2026. Peirce has led the SEC’s Crypto Task Force since January 2025 and served as commissioner since 2018, appointed by President Trump. She will teach securities regulation, financial markets, digital assets and public policy at Regent Law in Virginia Beach. Regent University School of Law announced on May 19 that Hester Peirce will join its faculty as associate professor starting in…
Bitcoin quantum exposure covers 1.92 million BTC, or 9.6% of total supply, Glassnode warned in a new report. Summary Glassnode classified 1.92 million BTC as structurally exposed to a quantum breakthrough because their output types reveal public keys by design. Satoshi Nakamoto’s coins represent about 1.1 million BTC of the structural risk, with another 620,000 BTC in other early Satoshi-era outputs. A broader 4.12 million BTC, or 20.6% of supply, is operationally exposed due to address reuse and key management practices at exchanges. Blockchain analytics firm Glassnode published a full analysis on May 20 classifying 1.92 million BTC, or 9.6%…
Raoul Pal says AI and crypto could add $100T to global GDP within a decade. Summary Real Vision CEO Raoul Pal forecasts crypto will grow from roughly $2.7 trillion today to $100 trillion within a decade, driven by AI convergence. Pal argues AI adoption is accelerating faster than the internet era, describing the current moment as equivalent to “Metcalfe’s law squared.” He calls crypto the ownership layer for the AI economy, saying individuals can “front-run Wall Street” by owning blockchain infrastructure now. Real Vision CEO Raoul Pal argued that AI and blockchain are converging into a single new infrastructure layer…
Bitcoin longs on Bitfinex surged to 80,636 BTC on May 20, the highest level since December 2023. Summary Bitfinex margin long positions rose to 80,636 BTC on May 20, up roughly 10% since the start of 2026 despite Bitcoin falling 13% in the same period. Bitcoin has declined for five consecutive trading days, sliding from above $80,000 to near $76,000 amid broader market weakness. The so-called Bitfinex whale has historically expanded long positions during weakness and reduced them near local market tops. Leveraged traders on Bitfinex continued buying into Bitcoin’s sell-off, with margin long positions rising to 80,636 BTC on…
Dollar stablecoin supply has held at 99% of the global market as non-dollar tokens stall at 0.24% share. Summary Non-dollar stablecoins grew from $261 million in 2021 to $771 million by April 2026, but their market share has actually declined. Dollar stablecoin issuers benefit from $15.4 billion in tokenized US Treasuries, a reserve advantage non-dollar rivals cannot match. Qivalis, a pan-European banking consortium, tripled its membership to 37 banks in May 2026 but a euro stablecoin launch is not expected until late 2026. The European Central Bank noted in late 2025 that dollar stablecoin tokens account for approximately 99% of…
Six months ago, the first spot Dogecoin ETF started trading on a major US exchange. The flows have been tiny, the price has gone almost nowhere, and the whole experiment has played out in near-silence. That silence is the story. For an asset built on noise, behaving like a normal investment product is the most surprising thing Dogecoin has ever done. Summary Spot Dogecoin ETFs have remained active six months after launch, with combined assets under management reaching nearly $14.7 million despite muted inflows and limited price movement. Products from REX Osprey, 21Shares, and Grayscale have started giving institutional investors…
The crypto market is higher today as total capitalization rebounds toward $2.7 trillion, with money rotating into Bitcoin and large-cap altcoins while bond and equity markets flash mixed signals. Summary The global crypto market cap has risen about 2% in 24 hours to roughly $2.7 trillion. Bitcoin, Ethereum, and XRP lead top-10 price action, with BTC holding near $77,000. Outside the top 10, Solana and Internet Computer are among the stronger gainers on rising volumes. The total cryptocurrency market cap is around $2.7 trillion, up roughly 2.0% on the day, with Bitcoin dominance hovering near 58%, according to CoinGecko and…
The Digital Asset Market Clarity Act just cleared its hardest committee test. If it becomes law, it ends the single most damaging fact of life for American crypto: not knowing who is in charge. But the version that reaches President Trump’s desk will be shaped by three fights still being waged in the Senate, and the outcome of those fights decides who wins and who loses. Summary The Senate Banking Committee advanced the CLARITY Act in a 15 to 9 vote, moving the crypto market structure bill closer to a full Senate vote. The proposal would divide digital assets into…