Crypto
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Coinbase pushes further into AI payments with new MCP for Base network
Coinbase announced on Tuesday that has built a tool that allows users of its Base blockchain network to plug into services like Claude and Cursor. The new tool, called Base MCP, makes it easier to use AI for conducting crypto transactions such as trading and lending, and comes as part of a broader push by…
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Variational raises $50 million Series A to bring liquidity from traditional markets to blockchain rails
The crypto industry has long defined itself in opposition to traditional finance but, in recent years, the two worlds are on a path to convergence. The latest example is Variational, a startup that has built a protocol for decentralized derivatives trading, but one that is aimed at gathering liquidity from traditional finance dealers rather than…
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Exclusive: Circle cofounder raises $30 million for Series A ‘AI-native bank’ Catena Labs
Sean Neville, who cofounded the stablecoin giant Circle, has raised another stash of capital from top-flight venture capitalists. His startup Catena Labs, which builds tools to allow AI agents to safely conduct financial transactions, announced Wednesday that it’s secured $30 million in a Series A funding round led by Acrew Capital and the crypto arm…
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Eisen raises $18.5 million to help Americans recover $70 billion in forgotten funds held by state governments
Shortly after joining a Zoom call with Eisen, the startup’s co-founder and CEO Alan Osgood had a surprise: The state of New York was holding money that belonged to me. By searching my name in a publicly available database, Osgood had discovered that I had failed to claim funds paid out by my college, likely…
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Harvard sold off its entire $87 million Ethereum stake just one quarter after buying it
Earlier this year, Harvard’s endowment fund shook up its crypto approach by reducing its Bitcoin ETF exposure, and adding Ethereum ETF shares. Only months later, however, the Ivy League school has refined that approach further as its latest disclosures show that Harvard has shaved its Bitcoin position further—and gotten rid of its Ethereum stake altogether.…
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A strip club scandal at a major crypto industry event triggers sponsor backlash
Crypto firms are rushing to distance themselves from a controversial party that capped a major industry event in Miami. The shindig, which took place on May 6 and coincided with the end of the Consensus conference, took place at a well-heeled night club called E11EVEN and featured female dancers performing pole routines and lap dances.…
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The crypto industry’s Clarity Act hits a critical juncture: Where things stand going into Senate markup
The Clarity Act, a landmark bill that would create a U.S. regulatory framework for the crypto industry, is set to undergo a Senate committee markup starting Thursday. The prospect of its passage has buoyed investors, but significant obstacles remain before the bill is ready for Congress to send to President Trump’s desk. Clarity, short for…
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Trump Media posts $405 million loss driven by crypto holdings
The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies held by the company. Trump Media & Technology Group Corp., which is the parent company of Truth Social, released its first-quarter 2026 results on Friday reporting a positive operating cash flow of…
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Michael Saylor says remarks about selling Bitcoin were intended to jam short-sellers and ‘haters’
Michael Saylor is the world’s foremost Bitcoin buyer. “You do not sell your Bitcoin,” wrote the crypto billionaire in October. But, on a Tuesday earnings call, Saylor, whose company Strategy has accumulated $65 billion in Bitcoin since 2020, changed his tune: “We will probably sell some Bitcoin to fund a dividend just to inoculate the…
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Crypto users keep getting robbed because of a simple design flaw—but a solution is at hand
If you have ever paid online with Stripe’s new Link wallet, autofilled a checkout with Apple Pay, or topped up a Revolut account, you have used a piece of financial architecture that took decades to perfect. Sadly, for crypto and all its talk of reinventing money, the crypto industry has stubbornly failed to catch on.…