May 21, 2026
Markets
Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge
Publicly traded Bitcoin treasury firm Nakamoto (NAKA) announced it will implement a 1-for-40 reverse stock split, following shareholder approval, as it seeks to maintain compliance with Nasdaq listing rules. The move is aimed at pushing the firm’s share price back to at least $1.00 in order to meet the minimum bid price requirement. Last week, shares in the firm sank to a new all-time low after Nakamoto posted losses of around $239 million in Q1, largely on the back of the decline in Bitcoin’...
May 20, 2026
Business
Elon Musk's SpaceX IPO Filing Reveals $1.45 Billion Bitcoin Position
SpaceX’s official IPO filing revealed a Bitcoin position worth $1.45 billion on Wednesday, highlighting tech CEO Elon Musk’s quiet commitment to the digital asset. The company, which added Bitcoin to its balance sheet in 2021, held 18,712 Bitcoin as of Dec. 31, purchased for $661 million, according to the much-anticipated SEC filing. The position was unchanged from the firm’s balance at the end of 2024. The filing notes that the stash, which places the firm among the top 10 largest corporate ho...
May 20, 2026
Law and Order
Crypto Backing or Trump Pump? Fairshake PAC Claims Primary Victories
On Tuesday, crypto political action committee Fairshake claimed victory as six of its favored congressional candidates—backed by more than $20 million in industry money—won primary races across the country. But was crypto really a deciding factor in last night’s elections? Fairshake, which is principally bankrolled by Coinbase, Andreessen Horowitz, and Ripple, backed five GOP candidates and one Democrat in Tuesday’s midterm primaries. Of those five Republican candidates, every single one receiv...
May 20, 2026
Business
Tether Tightens Grip on Bitcoin Treasury Firm Twenty One With SoftBank Buyout
Tether signaled on Wednesday that it is consolidating control over Twenty One Capital (XXI), a Bitcoin-buying firm co-founded by the stablecoin giant last year, by acquiring shares held by Japanese investment firm SoftBank—one of XXI’s biggest initial backers. The leading stablecoin issuer has purchased 89.1 million shares held by SoftBank, representing the entirety of the firm’s stake in the venture, according to an SEC filing. Under an agreement established last June, SoftBank paid $999.3 mil...
May 20, 2026
Law and Order
South Carolina Passes Law Banning CBDCs While Protecting Crypto Users, Bitcoin Miners
Individuals, businesses, and Bitcoin miners in South Carolina have earned protections for the use, custody, and mining of digital assets thanks to a new bill signed by the state’s governor Henry McMaster. First introduced in January 2025, Bill 163, also effectively bans the state’s use of any central bank digital currency (CBDC), also known as a "digital dollar," and its participation in any CBDC tests. “An individual or business shall not be prohibited, restricted, or otherwise prevented fro...
May 20, 2026
Opinion
Morning Minute: Markets Flip Green Overnight Ahead of NVDA Earnings
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 slightly green with Hype leading; BTC at $77.4k HYPE jumps another 5% to $49.8; VVV leads all movers +26% Truth Social withdraws its BTC ETF filing ZEC spikes to $585 after news...
May 20, 2026
Business
Trump Orders Fed to Review Crypto Firms’ Access to Master Accounts
U.S. President Donald Trump signed an executive order Tuesday directing regulators to study whether crypto and fintech firms should get direct access to Federal Reserve payment accounts, placing renewed pressure on the central bank’s control over who can connect to the U.S. payment system. The order asks federal financial regulators to review rules, guidance, supervisory practices, and application processes that may limit fintech firms’ ability to partner with regulated institutions or seek bank...
May 20, 2026
Business
Trump's Truth Social Pulls Bitcoin ETF Application From SEC Review
The firm behind Donald Trump's social media platform Truth Social has filed to withdraw its applications for crypto exchange-traded funds, abandoning plans for both Bitcoin and Bitcoin-Ethereum ETFs. In its filing, Trump Media & Technology Group stated that “The Company has determined to withdraw the Registration Statement and not to pursue the public offering at this time.” The firm cited a shift in regulatory strategy for the withdrawal. Steve Neamtz, president of Yorkville America, the spons...
May 19, 2026
Markets
Bitcoin Miners Emerge as Unlikely Power Brokers in AI Infrastructure Race, Says Bernstein
As Google and Blackstone move to establish a new AI cloud venture, an unexpected group of players stands to benefit: Bitcoin miners. The Wall Street Journal reported late Monday that Google and Blackstone are planning to create a joint AI cloud company that would deploy Google's custom chip technology, with Blackstone committing $5 billion in equity and retaining a majority stake. The announcement sent analysts scrambling to identify who holds the real leverage in an AI buildout increasingly co...
May 19, 2026
Business
Canaan Shares Plunge as CEO Says Middle East Conflict Is Clouding Outlook for Bitcoin Miners
Canaan shares plunged on Tuesday after the Bitcoin miner and hardware maker reported its second straight quarterly loss, tightening its belt as turbulent energy prices clouded the company’s outlook amid a shift toward computing infrastructure. The Singapore-based firm, which manufactures Bitcoin mining equipment, disclosed a first-quarter net loss of $88.7 million. The performance marked widening losses from the previous three-month period, in which Canaan posted an $85 million net loss. The co...
May 19, 2026
Markets
Bitcoin Giant Strategy Gets Price Target Boost From TD Cowen After $2 Billion BTC Buy
Analysts at TD Cowen think shares in Bitcoin treasury firm Strategy (MSTR) could jump as much as 139% to $400 per share in the next 12 months. The new forecast reflects a $5 per share bump, up from the analysts’ previous $395 price target. TD Cowen’s bullish update comes one day after the company announced it added $2 billion worth of Bitcoin over the previous week. “Strategy’s treasury operations continue to exceed expectations, with faster-than-anticipated Bitcoin accumulation and accretive...
May 19, 2026
Markets
Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’
Spot Bitcoin ETFs are taking a beating, shedding another $648.64 million on Monday following last week’s $1 billion outflows, according to SoSoValue. BlackRock’s IBIT led Monday’s outflows with $448 million. It was followed by ARK Invest and 21Shares’ $110 million and Fidelity’s $63 million outflows. Bitcoin dropped 6.7% from $81,700 last Thursday to a weekly low of $76,201, according to CoinGecko data. It is down 0.7% over the past 24 hours and is currently trading at around $76,680. Agne Ling...
May 19, 2026
DeFi
Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
Bitcoin liquidity aggregation and yield infrastructure layer, Echo Protocol, was hit by an exploit on its deployment on the Monad blockchain after an attacker minted 1,000 unauthorized eBTC worth approximately $77 million, with around $816,000 ultimately laundered through coin mixer Tornado Cash. Blockchain security firm PeckShield flagged the incident, citing onchain sleuth dcfgod, noting the attacker "minted 1k $eBTC ($76.7M) &, utilizing the tested flow, deposited 45 $eBTC ($3.45M) into Curva...
May 19, 2026
Law and Order
Ohio Man Gets 9 Years for $10M Bitcoin Trading Ponzi Scheme
An Ohio investment manager has been sentenced to nine years in prison for orchestrating a cryptocurrency Ponzi scheme that defrauded investors of $10 million. Along with the nine-year sentence, Rathnakishore Giri, 31, of New Albany, received three years of supervised release after pleading guilty to one count of wire fraud in October 2024. Ohio Investment Manager Sentenced to Nine Years for $10M Cryptocurrency Ponzi Schemehttps://t.co/oKB4gL7ZDY — Criminal Division (@DOJCrimDiv) May 18, 2026 G...
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...

