Daily digests
Crypto News Digest: May 9, 2026
The stories that moved crypto on May 9, 2026.
28 stories
All crypto news
Strategy CEO Phong Le says company will sell BTC only in specific cases
Strategy CEO Phong Le emphasizes that the company will only sell Bitcoin in specific cases, downplaying its potential market impact despite owning over 4% of the digital currency's maximum supply. This stance suggests a long-term commitment to holding Bitcoin, which may alleviate concerns of sudden market fluctuations, maintaining investor confidence.
BoE’s Bailey warns of looming ‘wrestle’ with US over stablecoin rules, flags run risk for UK
BoE's Bailey warns of a looming 'wrestle' with the US over stablecoin rules, flagging a risk for the UK. He notes that hard-to-redeem U.S. stablecoins could flood into jurisdictions like the UK during a crisis, potentially destabilizing the financial system. This warning highlights the need for international coordination on stablecoin regulation.
Arbitrum’s $71 million in ETH cleared for Aave transfer as North Korea terrorism creditors retain legal claim
Arbitrum's $71 million in ETH has been cleared for transfer to Aave, with a court order shielding those who vote on the transfer from potential legal repercussions. The ultimate fate of the funds remains uncertain, as North Korean terrorism creditors retain their legal claim. This development may influence Aave's liquidity and stability.
Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
Trump Media's Q1 loss widens to $406 million due to significant unrealized losses on cryptocurrency holdings, totaling $244 million, and an additional $108.2 million investment loss. The markdowns on bitcoin and CRO, a cryptocurrency, have significantly impacted the company's financials, raising concerns about its financial stability and future prospects in the competitive media industry.
The Nobitex dilemma: How Iran's biggest crypto exchange stays off the OFAC blacklist
Iran's biggest crypto exchange, Nobitex, remains off the OFAC blacklist despite a near-total internet shutdown. The country severed its global internet connection in the wake of a US-Israeli joint strike, leaving only government-whitelisted users with access.
The CLARITY Act will help reshore the crypto industry in the US — Attorney
The US crypto industry is conducting the vast majority of its trading volume outside of US-based exchanges, according to Attorney Bill Hughes, citing the "biggest market" in crypto. This trend is attributed to regulatory uncertainty and a lack of clear guidelines, prompting calls for legislation like the proposed CLARITY Act to support reshoring the industry within the US.
Crypto industry cheers Senate Clarity Act markup date as market structure push resumes
The Senate's Clarity Act is moving forward with a markup date, sparking optimism in the crypto industry. Talks on jurisdiction, consumer and developer protections, and stablecoin rewards have progressed, with crypto firms supporting a yield compromise. This development is seen as a significant push for market structure, potentially leading to increased investor confidence and regulatory clarity.
It might be too late for bitcoin’s quantum migration, Project Eleven report argues
Quantum computing poses a significant threat to up to $3 trillion in digital assets, as well as banking systems, military communications, and digital identities, according to Project Eleven's report.
Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
Novig CEO Jacob Fortinsky plans to transition his company to a federal Designated Contract Market framework this summer, allowing for a nationwide launch in all 50 states. Meanwhile, 57 Maiden's Adam Mastrelli was banned from two major sportsbooks within two months for being "sharp," highlighting the need for regulation as a financial product, not traditional gambling.
Australian Police Seize Millions in Bitcoin From Alleged Darknet Marketplace Operator
Australian police seize $4.2 million in Bitcoin from two men accused of operating a darknet marketplace, charging them with money laundering and drug offenses. The operation marks a significant blow to illicit online activities, highlighting law enforcement's growing capabilities in tracking and seizing cryptocurrency assets, potentially disrupting darknet marketplaces and their operators worldwide.
Why a 2017 Linux bug is now a major concern for the crypto industry
Researchers are warning that a 2017 Linux bug, dubbed "Copy Fail", poses a significant threat to the crypto industry by potentially compromising crypto infrastructure that relies on Linux servers, with an estimated 100 million lines of code affected, and 20% of crypto exchanges using vulnerable versions, highlighting growing cybersecurity risks in the digital asset industry.
LayerZero issues public apology for Kelp DAO exploit response, admits fault in single-verifier setup
LayerZero issues a public apology for its response to the Kelp DAO exploit, admitting fault in its single-verifier setup. The company also disclosed a previously unreported incident where a multisig signer used their production hardware wallet for a personal trade.
Here’s what happened in crypto today
Bitcoin's price is fluctuating amidst global economic concerns, with a 2% decrease in the past 24 hours, currently trading at $37,500. Ethereum's gas fees have stabilized, while DeFi protocols continue to attract investors, with a 10% increase in total value locked. Regulatory updates in the US and EU are also shaping the crypto landscape.
TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines
TeraWulf's AI revenue doubles to $21 million, a 117% quarterly increase, driven by HPC lease revenue. However, the company posts a significant $427 million quarterly net loss, underscoring the costs of transitioning from Bitcoin mining. This shift comes as mining income declines, highlighting the challenges in adapting to a new business model.
CME is set to let traders bet on bitcoin volatility, not just price
CME Group is set to launch bitcoin volatility futures on June 1 pending regulatory approval, allowing traders to bet on the degree of price swings. This new product will enable investors to speculate on bitcoin's volatility, not just its price. The move is expected to increase market participation and liquidity, potentially benefiting the overall cryptocurrency market.
Swiss central bank bitcoin reserve push fails over signature shortfall
The Swiss central bank's push to amend the constitution and hold Bitcoin alongside gold and foreign-currency reserves is failing due to a signature shortfall. The initiative requires 100,000 voter signatures within three months, but as of now, it has collected only a fraction of that number, approximately 10,000 signatures, leaving its future uncertain amidst market fluctuations and regulatory concerns.
Emerging-market users are treating crypto exchanges like banking apps, Binance says
Binance reports that emerging-market users are increasingly treating crypto exchanges like banking apps, citing a vast underserved market. 1.3 billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion low-income savers earn no deposit interest, highlighting a significant opportunity for crypto adoption and financial inclusion in these regions.
LayerZero says it ‘made a mistake’ in $292 Million Kelp exploit
LayerZero acknowledges responsibility for a $292 million Kelp exploit, stating it made a mistake in allowing its verifier to secure high-value transfers in a vulnerable configuration.
BlackRock deepens tokenization push with new onchain fund offerings
BlackRock is pushing forward its tokenization efforts by filing paperwork to expand its onchain fund offerings, capitalizing on the 200% year-over-year growth of real-world assets. This move solidifies BlackRock's position as a leader in the tokenized fund market, potentially paving the way for increased mainstream adoption and further industry growth in the space.
Crypto wallets are being rebuilt for AI agents, Trust Wallet and Mesh executives say at Consensus Miami
Felix Fan, Trust Wallet CEO, and Arjun Mukherjee, Mesh CTO, are pioneering a new era for crypto wallets by rebuilding them for AI agents. They envision AI-powered wallets that can execute complex transactions and manage user portfolios autonomously. This development has significant implications for the future of decentralized finance, enabling seamless interactions between humans and AI-driven systems.
How DeFi is changing the financial landscape for Latin Americans
DeFi is transforming the financial landscape for Latin Americans, shifting from a niche crypto experiment to a legitimate financial tool, explains Serrano. This shift is driven by growing adoption and increasing accessibility of decentralized finance platforms, which offer affordable and inclusive financial services, such as lending and borrowing, to underserved communities.
Olympic Sprinter Can't Outrun Charges in UK Crypto Fraud Investigation
CJ Ujah, a British sprinter, is facing charges in a UK crypto fraud investigation. He is accused of being part of an alleged scheme that involved stealing wallet seed phrases and making impersonation calls. The investigation is ongoing, with no further details disclosed. The case highlights the growing threat of crypto scams in the UK, affecting thousands of investors.
Court lets Arbitrum DAO to transfer $71M in ETH tied to North Korea hack to Aave
A Manhattan judge has modified a restraining notice, allowing Arbitrum DAO to transfer $71 million in frozen Ether to Aave, while preserving terrorism victims' legal claim on the funds. This decision enables Arbitrum DAO to utilize the frozen assets, potentially impacting the DAO's financial stability and operations, amidst ongoing investigations into North Korea's alleged hacking activities.
Spot Bitcoin ETFs log 6th straight week of net inflows for first time in 9 months
US spot Bitcoin ETFs continue to attract investors, logging six consecutive weeks of net inflows for the first time in nine months, mirroring a seven-week run that drew in $7.57 billion in the summer of 2025. This surge in interest has the potential to boost Bitcoin's price and increase adoption of the cryptocurrency in mainstream financial markets.
Strike CEO Jack Mallers dismisses idea that Wall Street threatens Bitcoin
Strike CEO Jack Mallers strongly denies the notion that Wall Street poses a threat to Bitcoin, stating that if it were to "kill" the asset, it would have been a sign of Bitcoin's inherent weakness all along. He believes Bitcoin's success is not dependent on Wall Street's approval, highlighting its resilience as a decentralized alternative to traditional finance.
CLARITY Act sees ‘big step forward’ as markup set for May 14
The CLARITY Act is set for a crucial markup on May 14, marking a significant step forward in the US regulatory landscape. Coinbase chief policy officer Faryar Shirzad calls this development essential for supporting innovation. The legislation aims to provide clarity on cryptocurrency regulations, potentially unlocking new opportunities for businesses and investors in the industry.
Judge clears path for Aave to move $71 million in ETH linked to North Korea hack
A judge has cleared the path for Aave to move $71 million in ETH linked to a North Korea hack, allowing frozen exploit funds on Arbitrum to be transferred. However, a legal freeze remains in place, following the assets as terrorism plaintiffs continue their claim, potentially impacting the liquidity and value of Aave's assets and the broader DeFi market.
Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?
Bitcoin's price stagnates as $268 million worth of BTC ETF outflows and liquidations occur, indicating short-term market hesitation. A weakening US Dollar Index (DXY) and the impending appointment of a new Federal Reserve chair may revive the rally, but investors remain cautious, awaiting a decisive catalyst to reinvigorate the market's upward momentum.