California Attorney General Rob Bonta announced that General Motors (GM) will pay $12.75 million to resolve claims that it improperly collected and stored data from hundreds of thousands of California drivers who used its OnStar vehicle connectivity service.
Iran has launched a new insurance platform called “Hormuz Safe” to cover cargo ships traveling through the Strait of Hormuz. According to reports, the Iranian government has been developing this plan for several months, aiming to manage traffic through the strait with insurance coverage. This scheme could allow Iran to issue insurance policies and financial guarantees, potentially earning the country over $10 billion.
As of today, Bitcoin is trading at $76,851, which is a 1.6% decrease from yesterday’s price. The lowest price reached today was $76,707. Key moving averages remain in the same positions as before: the 200-day moving average is at $81,462, the 50-day is at $75,640, and the 100-day is at $72,223. Both the 50-day and 100-day moving averages are trending upwards, and the 50-day average has crossed above the 100-day average – a positive sign that suggests the recent price drop doesn’t necessarily signal a larger downturn.
Announced by the Ministry of Economy on the fifteenth of May, 2026, the scheme promises that any ship, nay, the most skeptical of cargo operators, can purchase uncertainty (yes, insurance!) with the same cryptographic scatter that underpins Bitcoin, thereby bypassing the weary old banks that are allergic to novelty.
Most of the recent liquidations happened with Ethereum (ETH), and traders who expected its price to continue rising experienced the largest losses.
The funding flip hit every exchange like a synchronized swim team, but the results were more like a slapstick comedy. Data from CoinGlass shows liquidation volumes were as unevenly distributed as my jokes at a funeral.
At the heart of this tempest in a teapot lies the proposed EIP-8037, a scheme as audacious as it is divisive. Its aim? To curb the insatiable appetite for data by imposing a most draconian measure: a steep increase in upfront gas costs for the deployment of new smart contracts and storage slots. A brilliant solution, no doubt, but one that has left developers clutching their pearls and reaching for their calculators.
Enter Darkfost, the enigmatic analyst whose insights are as sharp as they are cryptic. In a QuickTake post on May 16, this modern-day oracle shed light on the liquidity landscape, a terrain as unpredictable as a Chekhovian protagonist’s mood. Stablecoin netflow on Binance, it seems, has been on a rollercoaster, with Tether’s USDT leading the charge like a prima donna in a tragicomedy. The ERC20 variant, in particular, has stolen the spotlight, though one wonders if it will hold its ground or succumb to the fickleness of the market.
I’m keeping a close eye on a group of fifteen companies working on tokenization and on-chain finance – it’s a really exciting area. They’re all listed alphabetically, so there’s no ranking yet. The organizers will narrow it down to a shortlist in May 2026, and then announce the winner at a conference in Paris in June 2026. I’m looking forward to seeing who comes out on top!
