Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling its worth in just five months. Summary Kalshi raised $1bn in a Series F round led by Coatue at a $22bn valuation, doubling the $11bn it achieved just five months ago. Institutional trading volume on the platform surged 800% in six
Bitcoin price slipped to $79,800, breaking below the $80,000 mark after a failed push above the $82,800 resistance, all while investors had a single bearish prediction. If your first instinct was to panic, you’re not alone. Round numbers feel like ceilings when price breaks through them on the way up, and they feel like floors
SIREN price surged 22% on Binance perpetuals on May 8, hitting $1.2965 before a sharp 4H reversal warned of seller resistance. Summary SIREN’s Binance perpetual contract rose 22.82% on May 8, touching a session high of $1.2965 on volume of 139.23M tokens. The 4H spot chart on MEXC printed a long upper wick at $1.2207
The Senate Banking Committee plans to hold its long-awaited markup hearing for the Digital Asset Market Clarity Act of 2025 (otherwise known as the Clarity Act) on Thursday, May 14 at 10:30 a.m. The Clarity Act was largely in limbo after Coinbase CEO Brian Armstrong announced the exchange was pulling its support over stablecoin yield
Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Summary Kraken parent Payward filed a second amended complaint in Colorado federal court accusing Etana Custody and CEO Dion Russell of misappropriating over $25m in client funds. The complaint alleges Etana commingled custodial assets with operating funds, made risky bets
Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often Summary Oxford Internet Institute researchers tested five AI models and found that warmer-trained chatbots made between 10% and 30% more factual errors. Warmer chatbots were 40% more likely to agree with users’ false beliefs, especially when
On April 21st and 22nd 2026, during a Senate Armed Services Committee, Admiral Samuel Paparo of U.S. Indo-Pacific Command made comments on Bitcoin’s utility in cybersecurity for the country’s military, calling it a “valuable computer science tool as power projection,” and disclosing that INCOPACOM is running a Bitcoin node in their experiments with the protocol.
Warren’s letter asks Mark Zuckerberg to explain by May 20 which stablecoins and wallets Meta is using, how it selects issuers like Circle, what data it collects from linked wallets and how it will separate social and financial businesses. Summary Senator Elizabeth Warren has written to Meta CEO Mark Zuckerberg demanding detailed disclosures about Meta’s
Solana outlook strengthens as RWAs jump 10x, stablecoin transfers reach $2T in a quarter, and SOL holds near $88 support. Solana growth outlook is strengthening as stablecoin transfers, real-world assets, and developer activity rise across the network. Amir Avalliani said Solana processed $2 trillion in stablecoin transfers during the quarter, while real-world assets on the
Josh Shapiro has sued Character.AI after a chatbot falsely posed as a licensed Pennsylvania psychiatrist and offered medical advice to a state investigator. Summary A Character.AI bot named “Emilie” claimed to be a licensed Pennsylvania psychiatrist and provided a fake state medical license number during a state investigation. The bot offered depression assessments and told
