Bitcoin Depot Collapses: Compliance Costs Killed America's Largest Crypto ATM Network
The crypto ATM business just lost its biggest player to a problem no software upgrade can fix: compliance costs that scale faster than revenue.
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Silicon Valley's Billionaires Are Miserable and Nobody Knows Why
The people building the AI future are having an identity crisis about whether they matter in it. Menlo Ventures partner Deedy Das says no one in Silicon Valley is happy — not the newly rich AI founders, not the $500k engineers, not the middle managers watching their jobs vanish.
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Senate Passes Crypto Bill While Regulators Declare War on Industry
A bill that was supposed to fix crypto's regulatory mess just exposed a deeper fracture in Washington. The CLARITY Act advanced through Senate markup on May 14, but barely: only two Democratic senators supported it, and zero Democratic amendments were adopted despite claims of bipartisanship
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Hyperliquid Ditches Its Own Stablecoin for Circle's USDC
The decentralized exchange that tried to break free from Circle's stablecoin just handed the keys back to Circle's biggest distributor. Coinbase will manage USDC liquidity on Hyperliquid as the official treasury deployer, while Native Markets sunsets USDH and sells the brand assets to Coinbase.
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Winklevoss Twins Bet $100M in Bitcoin to Erase $122M Loss
The Winklevoss twins just bet $100 million in Bitcoin that their company can outrun a $122 million loss, and the market liked it enough to send shares up 25%.
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Snap Just Fired 500+ Engineers Because AI Can Do Their Jobs
The AI layoff wave isn't about machines stealing jobs—it's about executives discovering they can cut headcount and call it innovation.
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Anduril Just Became a $61 Billion War Machine Unicorn
Palmer Luckey's bet that Silicon Valley could build better war machines than Lockheed just became the most valuable defense startup in history. Anduril raised $5 billion at a $61 billion valuation, doubling its worth in under a year, led by Thrive Capital and Andreessen Horowitz
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Balaji Srinivasan Is Shopping for a Country to Host His Crypto Startup School
Balaji Srinivasan is doing what he's always done: building parallel institutions where the old ones are too slow, except this time he's shopping for a host nation. Balaji Srinivasan pitched Malaysian officials on his crypto startup school project, seeking policy support to establish the program
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Democrats Want Jail Time for DeFi Developers in Crypto Bill
The first real crypto bill with a shot at passing just got 100+ amendments, and 15 of them want to criminalize writing code.
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Banks Cave on Stablecoin Yields After Senate Pressure
The banks blinked first. Senator Bernie Moreno is pushing the revised CLARITY Act through Senate markup with key amendments on stablecoin yield and tokenized securities, calling out traditional banks for "panic-lobbying" against it.
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DraftKings Chases $22B Kalshi After Missing the Prediction Market Gold Rush
Prediction markets just got their first unicorn-times-twenty moment, and the old guard is scrambling to catch up. Kalshi closed a funding round at a $22 billion valuation, making it one of the most valuable private fintech companies in the US
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Circle Builds $3B Blockchain, Makes Competitors Pay to Use It
The stablecoin king just built its own highway and charged everyone else for an on-ramp. Circle launched Arc, a new blockchain valued at $3B, backed by a $222M token presale that positions USDC's issuer as infrastructure owner, not just tenant.
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Exodus Dumps 63% of Its Bitcoin While Users Flee Platform
When a crypto wallet company sells 63% of its Bitcoin to fund acquisitions while losing users, you're watching the difference between balance sheet optimism and product reality.
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Neuberger Berman Gives Ripple $200M to Build Wall Street's Crypto Margin Machine
Traditional finance just handed Ripple the capital to make crypto margin trading look boring. Ripple Prime secured a $200 million debt facility from Neuberger Berman to expand margin lending across equities, fixed income, and crypto.
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Seven Democrats Hold Crypto's Fate as CLARITY Act Vote Nears
The votes are there, but the clock is ticking faster than the politics can move. Senate Banking Committee has scheduled a CLARITY Act markup for May 14, ending months of delays after Coinbase withdrew support in January over concerns about legal protections and stablecoin yields
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Crypto Exchange Pays $4.2B for Obscure Finance Firm Nobody's Heard Of
A crypto exchange just paid real-world M&A money for a company most people have never heard of, and that tells you everything about where the actual digital asset battle is being fought.
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Bitcoin's 36% Rally Triggers the Same Signal That Preceded Every Major Crash
The last time Bitcoin's RSI looked like this, the party ended. Bitcoin's 36% rally from $60,000 triggered a relative strength index (RSI) "overbought" signal not seen since early 2026, historically a reliable top indicator.
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Coinbase Missed Earnings But Wall Street Sees $1T Stablecoin Payoff
The market punished Coinbase for missing earnings, but the smart money is betting on a different revenue stream entirely. Coinbase missed earnings expectations, yet analysts remain bullish on the company's long-term prospects.
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Wall Street Just Bet $1B That Prediction Markets Beat Stocks
Wall Street just bet a billion dollars that the future of finance looks more like PredictIt than the NYSE. Kalshi closed a $1B Series F led by Coatue, doubling its valuation to $22B and marking one of the largest fintech raises in 2026.
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Coinbase Jumps 12% as Bitcoin Crosses $80K and Stays There
The adults showed up at the SEC, and suddenly infrastructure stocks remember what a rally feels like. Bitcoin held above $80,000 while SEC Chair Paul Atkins signaled support for onchain finance rules, lifting Coinbase and tokenization infrastructure stocks
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