The FBI Boston Division charged 30 people on Wednesday in a decade-long insider trading ring. The defendants allegedly traded ahead of nearly 30 mergers and acquisitions (M&A) using confidential data stolen from leading US law firms. Federal prosecutors say the scheme generated tens of millions of dollars in illicit profits. Trades were routed to overseas … Read more

Samourai Wallet co-founder Keonne Rodriguez published a public appeal from FPC Morgantown federal prison, asking Bitcoin (BTC) holders to donate to a wallet address tied to his family’s mounting legal debt. Rodriguez wrote on X (Twitter) that he and his wife Lauren owe more than $2 million in legal fees. They also face a $250,000 … Read more

The Trump administration has held internal discussions about allowing wealthy donors to contribute company shares to Trump Accounts. The federal child investment program would give those donors significant tax breaks in return, Forbes reported on May 6. The proposal would expand the program beyond cash contributions. Donors could give appreciated stock, avoid capital gains tax, … Read more

The Commodity Futures Trading Commission (CFTC) ordered New York trader Sidney Lebental to pay $200,000 for spoofing US Treasury futures, ending a case tied to roughly 50 deceptive trades placed on the Chicago Board of Trade in 2019. Lebental neither admitted nor denied the findings under the settled order, which also prohibits him from trading … Read more

A new survey finds 45% of Americans say investing in cryptocurrency is not worth the risk, while 44% say artificial intelligence (AI) is developing too quickly. This sentiment leaves candidates relying on crypto and AI super PAC dollars in a difficult position. Industry Spending Meets Voter Skepticism The poll also found that nearly 50% of … Read more

Polymarket’s official Panama headquarters does not appear to function as such, according to a new investigation that found no trace of the prediction market giant at the law office it lists as its corporate base. Reporters who visited the 21st floor of Panama City’s Oceania Business Plaza found empty workstations and an employee who had … Read more

The US SEC (Securities and Exchange Commission) on Tuesday proposed rules letting public companies report twice a year instead of four times. A new Form 10-S would replace the quarterly Form 10-Q for those that opt in. For digital asset firms and other issuers, the choice sits between immediate compliance savings and a longer information … Read more

Burwick Law filed a federal class action lawsuit against rapper Iggy Azalea this week. The suit alleges she misled buyers of her Mother Iggy (MOTHER) meme coin with promises of real-world utility that never fully materialized. The complaint was filed in the Southern District of New York. It accuses Azalea of violating New York consumer … Read more

Five US banking lobbies issued a joint statement saying the proposed language on stablecoin yield in the Clarity Act falls short of its goal of protecting bank deposits. The five trade groups backed the senators’ goal but demanded stronger text. It included the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the … Read more

The White House is considering a plan to review powerful artificial intelligence models before they are released, according to reports published on May 5, 2026. The proposal would mark a major shift in US AI policy. It could give the federal government a direct role in assessing advanced models before they reach the public or … Read more

World Liberty Financial filed a defamation lawsuit against Tron founder Justin Sun on Monday. The complaint accuses Sun of running a paid smear campaign to crash the WLFI token. The Trump-linked Decentralized Finance (DeFi) project says Sun used press, influencers, and bots to amplify false claims after the freeze of his tokens. Sun has rejected … Read more

Payward, the parent company of crypto exchange Kraken, has accused Etana Custody and its CEO of orchestrating a Ponzi-like scheme. The alleged fraud misappropriated more than $25 million in customer reserve funds. The second amended complaint was filed May 4, 2026 in the U.S. District Court for the District of Colorado. It escalates earlier breach-of-contract … Read more