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GENIUS Act 2026: OCC, FDIC and FinCEN Set Stablecoin Rules
The GENIUS Act became US law on July 18, 2025, but OCC, FDIC and FinCEN are still writing the rules. Here's what changes for stablecoin issuers and EU…
Bitcoin Depot Files Chapter 11: 9,276 ATMs Go Dark on May 18
Bitcoin Depot filed Chapter 11 on May 18, 2026, taking 9,276 ATMs offline. Q1 revenue fell 49.2% to $83.5M, with a $9.5M net loss.
Kraken Cuts 150 Jobs via AI as $20 Billion IPO Hangs in Balance
Kraken's parent Payward cut 150 jobs on May 15, citing AI-driven redundancies. The $20 billion IPO target now looks uncertain, with Bloomberg pointing to 2027.
Circle USDC Q1 2026: Record Volume, Net Profit Down 15%
Circle's Q1 2026 results show $21.5 trillion in on-chain USDC volume, up 263%, but net income fell 15% to $55 million as post-IPO costs surge.
