Author: James Wilson
Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK. Summary The FCA granted Revolut Trading a Variation of Permissions enabling managed investments and principal dealing for the first time. Revolut plans to launch a UK private banking unit this summer with a £500,000 deposit threshold. The move follows Revolut’s UK banking licence grant in March 2026 and its MiCA crypto licence secured through Cyprus. Victoria Laffey, head of operations at Revolut Trading, said the new permissions are “the missing piece allowing us to unite investment, advisory and portfolio management under one…
Myanmar’s military published a draft bill on May 14 proposing life in prison for crypto scam operators. Summary Myanmar’s Anti-Online Scam Bill proposes life imprisonment for operating digital currency scam centers. The bill allows the death penalty for individuals using violence, torture or unlawful detention to force victims into scam work. Myanmar’s military-backed parliament is next scheduled to sit in the first week of June to advance the legislation. The draft legislation, called the Anti-Online Scam Bill, states that anyone convicted of “digital currency fraud” or running an online scam center faces a sentence ranging from ten years to life…
Bitcoin fell to $78,600 on May 15 as bond yields surged to a 12 month high, rattling risk markets. Summary Bitcoin fell to $78,600, down roughly 4% from Thursday’s $82,000 high, as bond yields hit their highest since May 2025. The 10-year Treasury yield reached 4.54% while Fed rate hike probability surpassed 44% according to CME FedWatch data. Crypto-linked equities including Coinbase, Circle and Strategy fell between 5% and 7% in the same session. The US 10-year Treasury yield surged to 4.54% on May 15, its highest point since May 2025, after hotter than expected CPI and PPI data stoked…
The CLARITY Act’s bipartisan 15–9 Senate Banking vote moves a bill that could finally split SEC–CFTC jurisdiction and give crypto its first bespoke market‑structure law, a16z argues. Summary The U.S. Senate Banking Committee has voted on a bipartisan basis to advance the Digital Asset Market CLARITY Act, a bill that would draw bright lines between SEC and CFTC oversight and create a dedicated regime for digital assets. In a detailed analysis, a16z likens the bill’s significance to the 1933 Securities Act, arguing it would end a decade of “regulation by enforcement” that has driven crypto projects offshore and distorted the market. The…
OpenAI’s Siri alliance frays over money and control. Summary OpenAI is reportedly considering legal action against Apple over how ChatGPT has been integrated and monetized inside Siri on iPhones and other Apple devices. People familiar with the deal say OpenAI is disappointed that the integration has not produced the prominence or paid subscription conversions it expected, and that Apple does not pay OpenAI a direct licensing fee beyond a share of in‑app subscription revenue. OpenAI’s legal team has brought in an outside law firm to evaluate options, including sending Apple a formal breach‑of‑contract notice, while Apple is said to be…
Visa’s WeFi pilot lets self‑custodied stablecoins fund everyday card payments across Europe, Asia and Latin America. Summary Visa is partnering with DeFi‑native platform WeFi to pilot stablecoin‑based payments and “on‑chain banking” services across selected markets in Europe, Asia and Latin America. The collaboration aims to make self‑custodied stablecoin balances spendable anywhere Visa is accepted, with WeFi acting as an orchestration layer between DeFi and regulated payment rails. The pilots build on Visa’s broader stablecoin program, which already runs a $7 billion annualized settlement run rate across nine blockchains, including Ethereum, Solana, Avalanche and Stellar. Visa and WeFi have launched a…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Poly Truth and Meme Punch stand out among below-$1 crypto picks alongside Sei in 2026 market watchlist. Summary Crypto markets are targeting sub-$1 tokens again, with Poly Truth, Meme Punch, and Sei gaining attention. Poly Truth is an AI prediction market tool that turns event data into probability-based reports using a 3-part system. Meme Punch is a play-to-earn meme game where players earn MEPU through PvP battles and in-game progression. A lot of coins sit well under $1, but…
Dogecoin price continued stabilizing above a key support zone this week after forming a bullish rounded bottom pattern on the daily chart, while rising derivatives activity and growing institutional optimism strengthened the case for a larger recovery rally. Summary Dogecoin price has formed a bullish rounded bottom pattern on the daily chart, with neckline resistance positioned near the $0.156 level. DOGE open interest climbed above $1.8 billion while daily futures volume surged 44% to nearly $4 billion, signaling rising leveraged activity. Whale wallets accumulated more than 160 million DOGE this month as optimism grew around ETF developments and proposed supply-reduction…
BNB price continued climbing this week as bulls attempted to confirm a breakout above a key neckline resistance zone, with a bullish double bottom structure on the daily chart signaling the potential for a larger upside move toward the $750 region. Summary BNB price climbed toward the key $680–$690 neckline resistance as a bullish double bottom pattern signaled potential upside toward $750–$780. Growing optimism around spot BNB ETF proposals and rising institutional activity on BNB Chain helped strengthen investor sentiment. CoinGlass data showed rising open interest and positive funding rates, signaling that traders continue building bullish positions on BNB. According…
IREN has closed a $3 billion convertible senior notes offering as it continues to fund its AI cloud expansion. Summary IREN raised $3 billion through 1.00% convertible senior notes due in 2033. Net proceeds of about $2.96 billion will support capped calls, working capital and corporate needs. The raise follows IREN’s Nvidia and Microsoft AI cloud deals, which raised funding demands. The notes carry a 1.00% coupon and mature in 2033. The deal included a $2.6 billion base offering and a fully exercised $400 million greenshoe option. The company said net proceeds came to about $2.96 billion after fees and…