Home » Archives for May 7, 2026

May 7, 2026

California Man Gets 6½ Years as FBI Links $250M Crypto Heists to Home Burglaries 1

California Man Sentenced in $250M Crypto Heists

The ‘Instrument of Last Resort’ A U.S. federal court has sentenced a California man to 6 1/2 years in prison

CLARITY Act Draft Circulates Ahead of Potential Senate Vote, Report 1

CLARITY Act Progress in Senate Banking Committee

Senate Banking Draft Moves Toward Thursday Committee Vote The Senate Banking Committee is reportedly moving closer to action on the

Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs 1

Bitcoin Drops Below $80K Amid Iran Deal Rejection

The Iran Peace Deal Factor On May 7, bitcoin reversed course, dipping below $80,000 to effectively erase gains made since

South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January 1

South Korea’s 22% Crypto Tax Begins in January

Official Stance on Implementation Timeline A top South Korean finance official reportedly confirmed that the government intends to begin taxing

Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion 1

Core Scientific Acquires Polaris Bitcoin Mine

The company said Tuesday it plans to scale its Muskogee, Oklahoma campus to roughly 1.5 gigawatts of gross power, or

Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion 1

Hut 8 Secures $9.8B AI Data Center Lease

The Miami-based company said it signed a $9.8 billion triple-net lease for 352 megawatts of IT capacity at its Beacon

Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON 1

Toncoin Surges 32% After Telegram’s Announcement

The ‘Regime Change’: Bringing TON Back in-House The native token of The Open Network, Toncoin (TON), rose to $2.89, surging

Kenyan Court Detains Man 7 Days Over $440,000 Crypto App Fraud Probe 1

Kenyan Court Orders Detention in Crypto Fraud Case

Suspicious App Triggered Investigation A Kenyan court ordered the weeklong detention of the alleged operator of a fraudulent cryptocurrency-themed investment

Prediction Market Fight Deepens as 40 States Push Back on CFTC 1

Prediction Market Oversight: States vs. CFTC

States Say Sports Markets Belong Under Gambling Oversight A multistate coalition sent an April 30, 2026, letter to Commodity Futures