US Public Still Prefers Banks Over Crypto | Catch Up | May 3 – 9, 2026
From South Korea to the US, from Google to World Liberty, here are the crypto stories you may have missed this week. 🏛️ Regulation &
Tether Sues Titan Holding in Brazil to Recover $300 Million Defaulted Loan
Key Takeaways Tether sued Titan Holding to recover a $300M loan after Daniel Vorcaro’s arrest and bank collapse. Galaxy’s Alex Thorn notes Tether is crypto’s
Solv Protocol and Re Switch to Chainlink CCIP, Moving Nearly $1B Away From Layerzero
Key Takeaways Solv Protocol moves $700M in tokenized Bitcoin from Layerzero to Chainlink CCIP, joining two other major DeFi protocols. An April 18, 2026, exploit
Privacy Coins Reclaim Spotlight Amid Global Pushback Against Financial Surveillance
Key Takeaways Zcash hit $600 in May 2026, with Grayscale filing for a spot ZEC ETF that could reshape institutional privacy coin access. Monero’s FCMP++
Japan to Enter the Blockchain Era with Round-the-Clock Government Bond Trading
Key Takeaways Led by Progmat, Japan will tokenize government bonds this year to tap the $4T daily global repo market. Tokenization will cut 1-day settlements
Coinbase Points to Multi-Zone AWS Failures Behind Outage
Key Takeaways Coinbase linked the trading outage to failures across multiple AWS zones. The disruption interrupted core trading services despite built-in recovery systems. Coinbase plans
Metalpha Related Wallet Offloads $20M in ETH to Binance Amid Whale Sell-off
Key Takeaways A Metalpha-linked wallet deposited 8,771 ETH (~$19.99M) into Binance on May 8, 2026. Lookonchain flagged the move as part of a continued pattern
Whale Potentially Linked to Erik Voorhees Spends Another $6.67M on ETH
Key Takeaways: A whale wallet linked to Erik Voorhees bought 2,920 ETH for $6.67M on May 8, 2026, per Lookonchain. The wallet previously accumulated 123,184
Robinhood CEO Says US ‘Very Close’ to Passing Crypto Clarity Act
Key Takeaways Robinhood CEO Vlad Tenev said May 8, 2026, that the U.S. is very close to passing the Crypto Clarity Act. Senator Angela Alsobrooks
BSP Issues Warning Anew Against Unauthorized Crypto Service Providers
The Bangko Sentral ng Pilipinas (BSP) issued a public advisory on May 8, 2026, warning the public against transacting with unauthorized virtual asset service providers