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10 Fresh Wallets Pull 100 Million LAB Tokens Worth $480M From Bitget

Coins Legend May 12, 2026 0

Ten newly created wallets have withdrawn 100 million LAB tokens, worth approximately $480 million and representing 32% of the token’s circulating supply, from Bitget in a 12-hour window, adding fresh onchain evidence to an already active manipulation investigation. Exit Follows 1,000% Pump and

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Congress Members to Hold Bipartisan Crypto Tax Meeting May 14

Coins Legend May 12, 2026 0

A bipartisan group of U.S. lawmakers is convening a closed-door session to push crypto tax reform forward, with new legislation on the table that could reshape how digital asset holders pay taxes on staking, trading, and everyday payments. PARITY Act Would Defer Staking Taxes The House Ways and Means Committee is set to hold a […]

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Cardano Foundation CEO: Why the World Needs a ‘Neutral’ Blockchain Settlement Layer

Coins Legend May 12, 2026 0

Frederik Gregaard, head of the Cardano Foundation, highlighted that in an age when the current banking system has been revealed to be deeply politicized, blockchain has the opportunity to rise as a neutral, resilient, and transparent system to support global commerce. Cardano Foundation CEO Talks Blockchain as a Neutral Settlement Layer While blockchain technology is […]

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US Senate Drops 309-Page Crypto CLARITY Act Draft Ahead of May 14 Vote

Coins Legend May 12, 2026 0

The U.S. Senate Banking Committee has released a 309-page updated draft of the CLARITY Act as the landmark crypto market structure bill heads toward a formal markup vote on May 14, 2026. Drawing Permanent Lines Between SEC and CFTC The Digital Asset Market Clarity Act, commonly called the CLARITY Act, moved significantly closer to becoming […]

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UK Gambling Commission Posts £65,000 Job to Hunt £16.6B Black Market

Coins Legend May 12, 2026 0

The Gambling Commission posted a new senior “Head of Illegal Markets” role, with a £65,000 salary, as research surfaced by the Betting and Gaming Council confirmed the UK black market has grown to £16.6 billion in 2025, more than tripling from 2019. The hire arrives during a CEO transition period at the regulator and amid […]

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Draftkings, Flutter Grab Market-Maker Role, Undercut Peer-to-Peer Prediction Claim

Coins Legend May 12, 2026 0

Draftkings and Flutter Entertainment have both moved into market-making on prediction-market platforms, escalating from consumer-facing products into the financial infrastructure of an industry that built its identity on peer-to-peer trading. The Q1 2026 earnings disclosures establish that the sportsbook industry’s bet on prediction markets has moved well beyond app

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Crypto.com Lands UAE License, Opening Crypto Payments for Dubai Government Fees

Coins Legend May 12, 2026 0

Crypto exchange Crypto.com announced that its United Arab Emirates entity has been granted a stored value facilities license, enabling payment of government fees with cryptocurrencies. Regulatory Milestone Crypto exchange Crypto.com has announced on May 11 that its United Arab Emirates (UAE) entity, Foris DAX Middle East FZE, has been granted a stored value facilities

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Bitcoin Miner Cleanspark Posts $378M Loss in Q2

Coins Legend May 12, 2026 0

Cleanspark reported a $378.3 million net loss for its second fiscal quarter ended March 31, 2026, as a $224.1 million non-cash loss on bitcoin fair value weighed heavily on results even as the company expanded its hashrate and power capacity. Cleanspark Posts $378M Loss in Q2 as Bitcoin Fair Value Swing Hits Results Cleanspark’s (Nasdaq: […]

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24 Finance Giants Push Deeper Into Crypto Across Regulated Markets

Coins Legend May 12, 2026 0

Major financial institutions are expanding crypto services across regulated finance, with Bitwise data showing 24 firms active in trading, custody, funds, payments, tokenization, or exchange-traded products. The activity points to wider use of regulated crypto access. Banks Move Crypto Deeper Into Regulated Finance Wall Street’s crypto footprint is expanding across the

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CLARITY Act Vote Faces Scoring Pressure Ahead of Senate Banking Markup

Coins Legend May 12, 2026 0

Senate Banking Committee members face scorecard pressure as Stand With Crypto plans to score recorded CLARITY Act markup votes. The group says it represents more than 2.9 million U.S. advocates. Senate Banking Markup Puts CLARITY Act Scorecard in Focus Senate Banking Committee members face new scorecard pressure ahead of the May 14 CLARITY Act markup. […]