Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws in the US. Connecticut SB5 passed on May 1, becoming one of the broadest state AI laws…

Coinbase x402 is now native to Amazon Bedrock AgentCore, letting AI agents pay for services in USDC without human input Coinbase x402 is now native to Amazon Bedrock AgentCore, letting AI agents pay for services in USDC without human input.…

Morgan Stanley has launched E*Trade crypto trading at 0.5%, undercutting Coinbase, Schwab, and Robinhood in a pilot set to reach 8.6 million users. Morgan Stanley has launched ETrade crypto trading at a flat 0.5% fee, below Coinbase and Schwab. The…

Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with Democrats immediately filing to appeal to SCOTUS Virginia redistricting was struck down 4-3 by the state Supreme Court, with Democrats filing to appeal to…

A US court has found that Meta’s AI ads tools materially developed fraudulent investment content, stripping Section 230 immunity and exposing the platform to securities fraud claims. A US court found that Meta’s AI ads helped create fraudulent investment content,…

OpenAI has crossed $25bn in annualized revenue and is actively preparing its OpenAI IPO for as early as the fourth quarter of 2026. OpenAI has crossed $25bn in annualized revenue and is preparing its OpenAI IPO for as early as…

JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. JPMorgan has reclassified JPMorgan AI investment as core infrastructure, treating its $2bn annual budget as non-negotiable as…

Meta launched Muse Spark on April 8, its first fully closed AI model, abandoning its open-source Llama strategy Meta launched Muse Spark on April 8, its first fully closed AI model, abandoning its open-source Llama strategy. The launch marks the…

Anthropic raise talks are targeting a $900bn valuation and up to $50bn in fresh capital, sources told the Financial Times. Anthropic raise talks are targeting a $900bn valuation and up to $50bn in fresh capital, sources told the Financial Times.…

SIREN price surged 22% on Binance perpetuals on May 8, hitting $1.2965 before a sharp 4H reversal warned of seller resistance. SIREN price posted a 22% gain on Binance perpetuals on May 8 before a 4H reversal flagged seller resistance.…

Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…

Google Chrome has been silently installing a 4GB AI model called Gemini Nano on users’ devices without consent, a researcher found. Google Chrome is silently installing a 4GB AI model on users’ devices without consent, a researcher found. Privacy researcher…

Tennessee Republicans have erased the state’s last Black majority congressional district, splitting Memphis into three GOP-leaning seats. Tennessee Republicans have erased the state’s last Black majority congressional district, splitting Memphis into three GOP-leaning seats. The Republican-controlled legislature passed the new…

The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000. The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000, according to data the…

Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often, according to…

Trump has abandoned his Iran war maximalist demands as polls drop and peace talks remain deadlocked Trump has abandoned his Iran war maximalist demands as polls drop and peace talks remain deadlocked, with analysts and the president’s own conduct making…

The Senate Banking Committee is expected to hold a formal CLARITY Act vote as early as next week, Coinbase said at Consensus 2026. Coinbase says the CLARITY Act is heading for a Senate Banking Committee vote as early as next…

NATO allies are openly questioning whether the US should still lead the alliance following Trump’s decision to launch strikes on Iran without consulting them. NATO allies are questioning US leadership after Trump launched strikes on Iran without consulting the alliance,…

Iran launched a Hormuz attack against three US Navy destroyers on May 7, with all missiles and drones reportedly intercepted. The US military said it intercepted Iranian attacks on three Navy ships in the Strait of Hormuz on May 7…

Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling its worth in just five months. Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling its worth in just five months.…

The White House says voluntary partnerships, not strict mandates, are the right approach to AI regulation. The Trump administration released its National Policy Framework for AI regulation in March 2026, built around voluntary industry agreements rather than top-down mandates. The…

Trump and Xi may put AI risk talks on their May 14-15 Beijing summit agenda, US media reports said. The US and China are considering launching formal AI dialogue channels ahead of the Trump-Xi summit scheduled for May 14 and…

Josh Shapiro has sued Character.AI after a chatbot falsely posed as a licensed Pennsylvania psychiatrist and offered medical advice to a state investigator. Pennsylvania Governor Josh Shapiro sued Character.AI on May 6, targeting the company’s chatbots for allegedly practicing medicine…

OpenAI has released GPT-5.5-Cyber to vetted cyber defenders, giving them reduced guardrails for specialized security workflows. OpenAI released GPT-5.5-Cyber on May 7 in limited preview, targeting security professionals defending critical infrastructure. The company describes it as the most permissive model…

Animoca Brands chairman Yat Siu told Consensus Miami 2026 that the metaverse is over as a consumer destination, and that 100 billion AI agents will become blockchain’s primary users. Animoca Brands chairman Yat Siu told Consensus Miami 2026 on Thursday…

Prediction markets closed out Consensus Miami 2026 as the subject of a live debate on whether they are regulated financial derivatives or gambling products operating outside state law. Prediction markets closed out Consensus Miami 2026 on Thursday as the subject…

Mason Lynaugh, executive director of Stand With Crypto, took the Consensus Miami 2026 stage on Thursday to outline how the group’s 2.7 million advocates will engage in the November midterms. Mason Lynaugh, executive director of Stand With Crypto, outlined the…

Executives at federally regulated banks told a Consensus Miami 2026 panel that crypto companies are increasingly seeking bank licenses as the industry moves toward regulated financial infrastructure. Executives at federally regulated banks told the Consensus Miami 2026 Policy Summit on…

Breadcrumbs analyst James Delmore presented a live breakdown of crypto PAC spending at the Consensus Miami 2026 Policy Summit on Thursday. James Delmore, a research analyst at Breadcrumbs who has tracked crypto industry political spending since the 2024 cycle, took…

Blockstream CEO Adam Back told Consensus Miami 2026 that bitcoin is winning a security war against DeFi, and that pension funds and sovereign entities are the next buyers. Blockstream CEO Adam Back argued at Consensus Miami 2026 that Bitcoin’s comparatively…

Bitcoin lenders at Consensus Miami 2026 said crypto lending must look and feel more like traditional banking if it wants institutional capital to keep flowing in. Bitcoin lenders at Consensus Miami 2026 argued that the future of crypto lending does…

Senator Ashley Moody took the Consensus Miami 2026 stage on Thursday to tell the crypto industry how she sees the relationship between Washington and digital assets. Senator Ashley Moody took the Consensus Miami 2026 stage on Thursday alongside Digital Chamber…

Donald Trump Jr. and Zach Witkoff took the main stage at Consensus Miami 2026 on Thursday to defend World Liberty Financial as the project fights a federal lawsuit from Justin Sun. Donald Trump Jr. and Zach Witkoff took the Consensus…

American Bitcoin posted an $81.8 million net loss in Q1 2026, even as the Trump-backed miner set a new quarterly production record of 817 BTC and cut its mining cost by 23%. American Bitcoin reported a net loss of $81.8…

SoFi generated $121.6 million in crypto transaction revenue in Q1 2026, its first detailed public disclosure since the bank relaunched crypto trading, but $120.7 million of that went to costs. SoFi’s relaunched crypto unit generated $121.6 million in transaction revenue…

Core Scientific sold $208 million in bitcoin in Q1 2026 to fund its shift to AI data center operations, as colocation revenue surpassed mining for the first time. Core Scientific sold 2,385 bitcoin for $208.3 million in the first quarter…

Box Elder County commissioners approved Kevin O’Leary’s 9GW Stratos AI campus in Utah on May 4, amid loud public protests from hundreds of local residents. Box Elder County commissioners in Utah voted unanimously on May 4 to approve the Stratos…

Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money. Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz,…

Erik Reppel said at Consensus Miami 2026 that AI agents bypass internet ads entirely, threatening the web’s core business model and pointing to x402 stablecoin micropayments as the structural replacement. Coinbase Developer Platform head and x402 founder Erik Reppel took…

NYSE parent ICE and Securitize warned at Consensus Miami 2026 that offshore synthetic tokenized stocks are misleading retail investors and creating serious risks for the broader market. NYSE executives and partners raised the alarm at Consensus Miami 2026 on Wednesday…

Robinhood said at Consensus Miami 2026 that Wall Street is now actively building on crypto rails, though institutional adoption is moving slower and more fragmented than the industry expected. Executives from Robinhood-owned Bitstamp, Ondo Finance, and Babylon Labs told Consensus…

Eric Trump mocked JPMorgan at Consensus Miami 2026 for reversing its bitcoin stance within 18 months, saying banks have accepted they can no longer hold back the tide. Eric Trump took the stage at Consensus Miami 2026 on Wednesday and…

Senator Kirsten Gillibrand took the Consensus Miami 2026 mainstage on Day 2 and expressed optimism about the CLARITY Act’s prospects in Congress, appearing alongside Kevin O’Leary and Coinbase’s Paul Grewal. Senator Kirsten Gillibrand took the mainstage at Consensus Miami 2026…

Tim Scott said the Senate Banking Committee is nearing consensus and working toward a bipartisan CLARITY Act markup in May, setting the most concrete timeline commitment yet on the long-delayed legislation. Senate Banking Committee Chair Tim Scott said his panel…

Arthur Hayes told Consensus Miami 2026 that the CLARITY Act misses the point of crypto, arguing that bitcoin’s value comes precisely from operating outside any regulatory system. BitMEX co-founder and Maelstrom CIO Arthur Hayes took the stage at Consensus Miami…

Hut 8 has signed a 15-year, $9.8 billion AI data center lease at its Beacon Point campus in Nueces County, Texas, sending its stock nearly 30% higher on Wednesday. Hut 8 has signed a 15-year, $9.8 billion AI data center…