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In brief Bitcoin firm Nakamoto is instituting a 1-for-40 reverse stock split. The move is intended to help it achieve a share price of $1 as NAKA has fallen to all-time lows. As it stands, shares in the firm sit more than 99.5% off their 52-week high. Publicly traded Bitcoin treasury firm Nakamoto (NAKA) announced it will implement a 1-for-40 reverse stock split, following shareholder approval, as it seeks to maintain compliance with Nasdaq listing rules. The move is aimed at pushing the firm’s share price back to at least $1.00 in order to meet the minimum bid price requirement. Last week,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Carolina is now one of more than a dozen US states that have passed laws protecting cryptocurrency rights — and it did so with almost no pushback. Governor Henry McMaster signed Senate Bill 163 on May 19, adding it to a growing stack of state-level digital asset laws that have quietly moved through Republican-controlled legislatures across the country. A Near-Unanimous Vote That Signals Shifting Ground The bill cleared the South Carolina Senate 38-1, a margin that says more than the law itself. Filed in January 2025,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Carolina is now one of more than a dozen US states that have passed laws protecting cryptocurrency rights — and it did so with almost no pushback. Governor Henry McMaster signed Senate Bill 163 on May 19, adding it to a growing stack of state-level digital asset laws that have quietly moved through Republican-controlled legislatures across the country. A Near-Unanimous Vote That Signals Shifting Ground The bill cleared the South Carolina Senate 38-1, a margin that says more than the law itself. Filed in January 2025,…

In brief Shai-Hulud malware has been linked to roughly 300 npm and PyPI package entries. OpenAI, Microsoft, and Mistral AI disclosed recent Shai-Hulud-related incidents. The malware abused GitHub Actions and trusted software publishing workflows. A malware campaign known as “Shai-Hulud” is spreading through the software pipelines developers use to build and distribute code, raising new concerns about how much of the modern internet now depends on automated systems operating with little direct human oversight.Researchers linked the Shai-Hulud malware campaign to roughly 320 package entries across Node Package Manager (NPM) and PyPI, two of the largest online repositories developers use to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Treasury announced on Wednesday a fresh round of sanctions targeting the Sinaloa Cartel, citing growing evidence that elements of the organization are using crypto to support fentanyl trafficking and launder drug proceeds.  Crypto To Move Fentanyl Proceeds Treasury noted that the Sinaloa Cartel is among the oldest and most powerful drug trafficking groups in Mexico. The United States has identified the organization as a significant foreign narcotics trafficker since April 15, 2009.  According to the agency, the cartel’s operations include illicit fentanyl sales, which generate…

In brief SpaceX publicly disclosed its IPO filing ahead of a planned Nasdaq debut under the ticker SPCX. Elon Musk will retain majority voting control through a dual-class share structure. The filing shows SpaceX absorbing X and xAI while spending billions on AI infrastructure and Starship development. SpaceX’s long-awaited IPO filing was released on Wednesday, giving investors their clearest look yet at Elon Musk’s effort to turn the company into a combined space launch, satellite internet, and AI infrastructure business.The prospectus does not include a public IPO share price or total offering size, though it assigns a fixed $42.40 per-share…

In brief Qwen 3.7 Max debuted on Arena AI on May 14, 2026 —five days before the Alibaba Cloud Summit. The model ranks #13 globally in text and making Alibaba the sixth-ranked AI lab worldwide. The Plus variant will be open source; the Max flagship will not—continuing Alibaba’s shift toward monetizing its best models while giving developers access to the tier below. Alibaba is shooting out AI models like crazy, and they’re now much more powerful than ever with the Qwen 3.7 family out for testing. This week, two new models quietly appeared on Arena AI’s leaderboard: Qwen 3.7 Max-Preview…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure More of XRP’s supply is being chipped away, as whales continue to accumulate the token, increasing their control of the cryptocurrency. According to new reports from on-chain analytics platform Santiment, Whales are currently holding over 450 billion coins, setting a record 8-year high. With more tokens being swallowed up by this group of investors, speculation about a fresh bull run is emerging, one that could propel the price from its current downtrend to new highs. XRP Whales Now Control Over 68% Of Token’s Supply On May 18,…

Make CryptoSlate preferred on The CLARITY Act is moving toward the Senate floor with a promise crypto has spent years asking for: a clearer federal map for digital asset markets.The under-covered risk is that the map runs through the CFTC, making CFTC crypto regulation a capacity test for spot-market oversight after its payroll workforce fell by more than one-fifth.The Senate Banking Committee advanced H.R. 3633 on May 14 by a 15-9 vote, putting the Digital Asset Market Clarity Act of 2025 closer to floor consideration after the House passed the bill in July 2025.Votes and signing timelines have dominated the…

In brief Senate Bill 163 was signed into law by South Carolina Governor Henry McMaster on Tuesday. The bill effectively bans the use of CBDCs in the state and protects authorities from participating in any CBDC tests. It also allows for the use and self-custody of crypto assets in the state, including offering protections to Bitcoin miners. Individuals, businesses, and Bitcoin miners in South Carolina have earned protections for the use, custody, and mining of digital assets thanks to a new bill signed by the state’s governor Henry McMaster. First introduced in January 2025, Bill 163, also effectively bans the state’s…

In brief GitHub says an employee installed a malicious VS Code extension that gave attackers access to roughly 3,800 internal repositories. The company says only GitHub-internal repos were affected, and no customer data outside those repositories was compromised. Hacker group TeamPCP is claiming credit and asking for at least $50,000 for the stolen code. GitHub confirmed Tuesday that a hacker group stole roughly 3,800 internal code repositories after one of its employees unknowingly installed a malicious Visual Studio Code extension.VS Code extensions are plugins downloaded through Microsoft’s official marketplace that add features to the code editor. In this case, the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is just a few dollars away from losing the $2,100 price level as volatility across the broader cryptocurrency market continues to intensify. After days of downside pressure, this price action has started to impact investors’ behavior, which is currently leaning heavily toward the bearish side. Extreme Bearishness Takes Hold Among Ethereum Traders While the Ethereum price has been trending downward over the past few days, investors are beginning to react strongly to this waning performance. A recent report has revealed that sentiment surrounding the leading altcoin…

As I write this, Bitcoin is coming off of conceivably its worst week ever. It started out with the January 31, 2026 release of batch number two of the Epstein files, which implicated none-too-few Bitcoiners and early stage Bitcoin companies (I wonder, will we still be talking about Epstein in 2036?). The release now reads like a nasty omen. Because on Thursday of the same week, bitcoin suffered its fourth worst drawdown ever, a 21% bludgeoning that bled $16,000 from its price as it went from $76,000 to $60,000 in a single day.  This was gnarly for bitcoin holders, of…