Draftkings, Flutter Grab Market-Maker Role, Undercut Peer-to-Peer Prediction Claim
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
Bitcoin Miner Cleanspark Posts $378M Loss in Q2
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
Strategy’s Bitcoin Sale Comment Puts Treasury Risk in Focus
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
Moonpay Moves Into AI-Native Trading With Dawn Labs Acquisition and Dawn CLI Launch
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
Circle Internet Group Gains 16% as Arc Blockchain Raise Draws Blackrock and Apollo
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
ICBA Warns Kraken OCC Charter Bid Threatens US Bank Deposits and Financial Stability
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
CLARITY Act Markup Raises Stakes in Stablecoin Banking Clash
Key Takeaways Senator Moreno criticized banks for intensifying opposition before a Senate stablecoin legislation session. Stablecoin supporters say the bill could expand competition and improve
Crypto Funds Pull In $857.9M Last Week as CLARITY Act Markup Lifts
Key Takeaways Crypto funds saw $857.9M in weekly inflows, with bitcoin leading at $706.1M, per Coinshares. Senate Banking Committee CLARITY Act markup is set for
Circle Q1 Revenue Rises as USDC Transaction Volume Jumps 263%
Key Takeaways Circle revenue rose 20% as USDC transaction volume jumped 263% year over year. Reserve income reached $653 million, supported by higher average USDC
Trump Meme Team Moves $17M in TRUMP to Bitgo as Allocation Wallet Stirs Again
Key Takeaways The TRUMP meme team wallet moved $17.22M in tokens to Bitgo custody on May 11. This is the third major Bitgo transfer; prior