May 18, 2026
Technology
Bitcoin Faces Greater Quantum Computing Risk Than Ethereum, Citi Warns
As quantum computing advances faster than expected, a fault line is emerging in the crypto world: Bitcoin may be significantly more vulnerable than Ethereum—and the difference has less to do with code than with politics. In a research note published this week, Citi analysts warned that recent breakthroughs have shortened the timeline for practical quantum attacks on digital assets. Their conclusion is that not all blockchains will be equally prepared when that threat arrives. Bitcoin's exposure...
May 18, 2026
Law and Order
Swan Bitcoin Hit With Nearly $1 Billion Lawsuit Over Prime Trust Collapse
Electric Solidus, Inc, which operates as Bitcoin services firm Swan Bitcoin, was named as a defendant in a newly filed lawsuit in Delaware Bankruptcy Court that aims to recover nearly $1 billion worth of cryptocurrency linked to the 2023 collapse of Prime Trust. The suit, filed by PCT Litigation Trust—a trust created for the distribution of assets and litigation pursuit related to Prime Core Technologies—claims that Swan was able to avoid major losses in 2023 when the former crypto custodian wa...
May 18, 2026
Business
Hive Shares Hit Highest Price This Year After Bitcoin Miner Unveils Ontario 'AI Gigafactory'
Hive Digital Technologies’ stock price popped on Monday, touching its highest point of the year after the Bitcoin miner unveiled a massive data center buildout in Ontario, Canada. The company’s shares changed hands around $3.39, a 26% increase on the day, according to Yahoo Finance. Shortly before Monday’s opening bell, Hive’s stock price soared to $3.92, temporarily extending gains beyond 35% year-to-date. Hive reported that subsidiary Buzz High Performance Computing plans to construct an “AI...
May 18, 2026
Business
Strategy Leverages Preferred Stock Issuance for $2 Billion Bitcoin Buy
Strategy unveiled its largest Bitcoin purchase in roughly a month on Monday, channeling billions of dollars into the digital asset as its flagship preferred stock crossed its ex-dividend date. Investors had until last Friday to purchase Stretch (STRC), which currently offers an 11.5% annual dividend, to receive the product’s next monthly cash distribution. Amid heightened demand, the company issued nearly $2 billion worth of preferred shares. With a burst of fresh capital, the Tysons Corner, Vi...
May 18, 2026
Business
Iran Pushes $10B Bitcoin Insurance Plan for Strait of Hormuz: Report
The Iranian Revolutionary Guard Corps has reportedly promoted Hormuz Safe, a Bitcoin-settled maritime insurance platform for cargo crossing the Strait of Hormuz, under a broader model Iran’s Economy Ministry has explored for the strategic oil transit route. Fars, a state-affiliated Iranian news agency, reported Saturday that Iran’s Economy Ministry had been exploring the model since late April, with the plan allowing marine insurance policies and financial responsibility certificates that could...
May 18, 2026
Markets
Bitcoin Slides Under $77K as Crypto Liquidations Top $672M Amid Bond Sell-Off
Bitcoin fell to a three-week low over the weekend as a surge in U.S. Treasury yields sent ETF outflows to their worst level since late January and drove more than $670 million in liquidations across crypto markets. The 10-year U.S. Treasury yield reached 4.63% on Sunday night—its highest since February 2025—up 70 basis points since the Iran War began, according to The Kobeissi Letter post Monday. The move puts yields four basis points above the level that prompted President Trump's 90-day tariff...
May 18, 2026
Business
Crypto ATM Operator Bitcoin Depot Files for Chapter 11 Bankruptcy
Bitcoin Depot, North America's largest Bitcoin ATM operator, filed for Chapter 11 bankruptcy protection and shut down its entire network of over 9,000 machines. CEO Alex Holmes blamed an increasingly hostile regulatory landscape for the publicly-traded company's collapse in a statement, arguing that the regulatory environment for Bitcoin ATM operators operators has “shifted significantly,” rendering Bitcoin Depot’s business model “unsustainable.” “States have imposed increasingly stringent comp...
May 15, 2026
Business
Drake Calls for Sam Bankman-Fried's Release in New, Critically Panned Album
After years in exile following a brutal rap battle with Kendrick Lamar, Drake is back, and he has a message: free Sam Bankman-Fried. The rapper released three albums simultaneously on Friday, featuring 43 new songs. One of those tracks, “Dust,” from the album Iceman, includes an apparent appeal to pardon FTX’s disgraced founder. “An FTX penthouse high-riser, yeah,” Drake sings. “Samuel Bankman, free all my guys up, yeah.” Later on in the song, the artist refers to himself as “a BTC crypto big-ti...
May 15, 2026
Markets
Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1 Billion in Bitcoin Assets
Bitcoin decentralized finance (DeFi) firm Lombard Finance will replace LayerZero technology with Chainlink’s cross-chain interoperability platform (CCIP), following an extensive review of its Bitcoin asset tech stack in the wake of last month’s $292 million Kelp DAO exploit. The move comes one day after crypto exchange Kraken similarly opted for Chainlink CCIP to power its kBTC wrapped Bitcoin token, instead of LayerZero. “This decision prioritizes the safety and security of all Lombard users...
May 15, 2026
Markets
President Trump Discloses Coinbase, Robinhood and Bitcoin Mining Stock Trades
New ethics filings show that President Donald Trump’s crypto connections extend beyond friendly policies, a meme coin, and a DeFi business to trading crypto-related equities as well. The president is listed as the filer on two separate 278-T filings dated Thursday that were filed with the U.S. Office of Government Ethics, reporting securities purchases or sales in excess of $1,000 made on behalf of the filer or their spouse or dependents. According to the filing, the president was assessed an...
May 15, 2026
Business
Bitcoin Depot Flashes Bankruptcy Warning as ATM Revenue Falls, Regulatory Scrutiny Grows
Bitcoin Depot issued a “going concern” warning on Tuesday, flagging substantial doubt over whether the world’s largest crypto ATM operator can survive the next 12 months. Founded a decade ago, the crypto kiosk giant is currently battling a wave of lawsuits from state regulators over its alleged failure to protect consumers from scams, indicating in an SEC filing that mounting legal costs and regulatory hurdles could ultimately lead to insolvency. In the notice, Bitcoin Depot stated that it need...
May 15, 2026
Artificial Intelligence
Bitcoin Miner IREN Closes $3 Billion Convertible Notes Offering to Fuel AI Transformation
Bitcoin mining firm IREN Limited said Thursday that it closed a $3 billion convertible senior notes offering, securing capital to accelerate its transformation from cryptocurrency mining to AI infrastructure services. The convertible notes carry a 1% annual coupon and mature in 2033, with a conversion premium of 32.5% above IREN's share price. The notes were sold privately to qualified institutional buyers under Rule 144A, generating net proceeds of $2.96 billion after fees and expenses. The co...
May 15, 2026
Business
Bitcoin Giant Strategy Moves to Retire $1.5 Billion in Convertible Debt, Says It Could Sell BTC
Strategy signaled on Friday that it’s taking major steps to pare down its convertible debt stack, entering into an agreement to repurchase $1.5 billion in notes due in 2029. The Bitcoin-buying firm said in a filing that it expects to pay roughly $1.38 billion to retire debt that the company took on to expand its crypto cache in November 2024, representing a significant chunk of $8.2 billion borrowed by the company in recent years. Co-founder and Executive Chairman Michael Saylor indicated in Fe...
May 15, 2026
Business
Gemini Stock Jumps on Revenue Rise, $100M Bitcoin Investment From Winklevoss Capital
Cryptocurrency exchange Gemini, the platform founded by Cameron and Tyler Winklevoss that trades on NASDAQ as GEMI, reported first-quarter revenue of $50.3 million while securing a $100 million Bitcoin investment from Winklevoss Capital Fund at $14 per share, according to a company announcement. GEMI shares spiked in pre-market trading and are currently changing hands at $6.11, up more than 16% from Friday’s closing price of $5.26. Shares rose as high as $6.96 before falling. Gemini shares have...
May 15, 2026
Markets
Bitcoin Shrugs Off CLARITY Gains as Institutions Sell Amid Surging Treasury Yields
Bitcoin is struggling to hold above $80,000 as institutional investors exit ETFs amid rising Treasury yields, even as the CLARITY Act passed the Senate Banking Committee on Thursday The leading crypto is up 0.8% over the past 24 hours and is trading at around $80,350, according to CoinGecko data, after multiple failed attempts to overcome the $82,000 hurdle—a resistance zone that encompasses the ETF cost basis, 200-day moving average, and the now-filled CME gap. The 7D-SMA of U.S. Spot ETF netf...
May 15, 2026
Business
Dune Analytics Slashes 25% of Workforce in AI, Institutional Pivot
Crypto data platform Dune’s CEO and co-founder Fredrik Haga announced Thursday that the company has cut 25% of its workforce, saying the move was needed to "sharpen our focus" on core data products. Haga tweeted the company is now “all-in on two shifts: AI and institutions coming onchain,” pointing to its new Dune MCP product, which allows users to build dashboards “without needing to know anything about SQL nor data infrastructure.” We’re restructuring Dune to sharpen our focus around the core...
May 15, 2026
Opinion
Morning Minute: The Clarity Act Just Passed Its First Major Vote
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors are green but falling as treasury yields spike; BTC at $80.5k Trump Xi summit ends with some trade progress, Taiwan warning Clarity Act passes Senate Banking Committee vote, moves to...
May 14, 2026
Business
Bitcoin Firm Strive Unveils Daily Dividend Payments for SATA Preferred Shares
Strive’s preferred stock will soon become the first U.S.-listed security to provide investors with daily cash dividends, the Bitcoin-buying firm declared on Thursday. In a statement, CEO Matt Cole described the shift as a “zero-to-one innovation,” affecting the company’s Variable Rate Series A Perpetual Preferred Stock (SATA) starting June 16. SATA, which debuted on the Nasdaq in November, currently carries a stated annual dividend rate of 13%. While that rate is expected to remain unchanged as...
May 14, 2026
Technology
Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands
Crypto exchange Kraken is the latest firm to ditch LayerZero’s cross-chain interoperability technology following its role in last month’s $292 million Kelp DAO exploit. As a result, the firm will migrate its existing wrapped Bitcoin product, kBTC, to Chainlink’s cross-chain interoperability protocol (CCIP). In the future, any wrapped Kraken products will also make use of Chainlink’s technology. “Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security...
May 14, 2026
Law and Order
Tether, Tron and TRM Financial Crime Unit Has Frozen $450 Million in Illicit Crypto Funds
A financial crimes unit formed by three major cryptocurrency firms announced Thursday that it has frozen more than $450 million in illicit digital assets since launching less than two years ago, as the broader problem of criminal activity in the crypto sector reaches unprecedented levels. The T3 Financial Crime Unit—a joint initiative by stablecoin issuer Tether, blockchain network Tron, and analytics firm TRM Labs—said it has frozen the assets globally while deepening its collaboration with re...

