A US court has found that Meta’s AI ads tools materially developed fraudulent investment content, stripping Section 230 immunity and exposing the platform to securities fraud claims. Summary In Bouck v. Meta, a Northern California federal court denied Section 230 immunity after finding that Meta’s AI ads tools materially shaped fraudulent investment content rather than
Solana is doing almost nothing right now, and that might actually matter. SOL price is sitting at $84.94, up just 1.00% on the day, drifting inside a tight intraday band of $84.05 to $85.07. That is not a typo, the entire day’s range is about one dollar. For crypto for beginners, that kind of stillness
Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with Democrats immediately filing to appeal to SCOTUS Summary The Virginia Supreme Court ruled 4-3 that Democrats violated procedural requirements when they placed the redistricting amendment on the April ballot. The court found that early voting had already begun when
Trump Media & Technology Group (DJT) reported a $405.9 million first-quarter net loss on $871,200 in revenue, widening from $31.7 million a year earlier as unrealized losses on its crypto holdings weighed on results. The parent company of Truth Social booked $244 million in unrealized losses on its cryptocurrency holdings. It also recorded a $108.2
Morgan Stanley has launched E*Trade crypto trading at 0.5%, undercutting Coinbase, Schwab, and Robinhood in a pilot set to reach 8.6 million users. Summary Morgan Stanley launched an E*Trade crypto pilot on May 6, charging 50 basis points per trade for Bitcoin, Ether, and Solana via infrastructure partner Zerohash. The 0.5% fee undercuts Charles Schwab
The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14. Summary Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup. Senators Lummis and Tillis publicly defended the deal,
Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps still block mainstream use. Summary MoonPay VP Richard Harrison said the GENIUS Act gave firms a regulatory permission slip, accelerating traditional finance entry into stablecoins. Ripple SVP Jack McDonald argued
Ondo Finance integrates with Broadridge, enabling on-chain voting rights for tokenized equity holders at scale. Broadridge settles over $15 trillion daily, making its Ondo partnership a major vote of confidence in RWA tokenization. Ondo holds $920M TVL across 260+ tokenized assets, leading the global market share in tokenized equities today. Ondo Finance’s partnership with Broadridge
Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws in the US. Summary Connecticut SB5 passed 131-17 in the House and 32-4 in the Senate on May 1, with Governor Lamont confirming he will sign the bill. The law covers AI
Bitcoin’s early March rally lost momentum with a brief break to $74,047, before reversing and sending price back toward the monthly open near $67,000. The move underscores how firmly the $62,500–$72,000 range continues to define market structure following February’s capitulation. On-chain and order-flow data suggest the market is stabilising rather than deteriorating. Realised losses have
