Blockchain investigator ZachXBT alleged that Bitget founder Shawn Liu is effectively running the exchange behind the scenes, while CEO Gracy Chen serves as a public-facing figure. He also signaled a coming escalation targeting what he calls a "Chinese CEX cartel," and said his claims had not been publicly addressed by Bitget or Liu at the time of writing.

Ten newly created wallets withdrew 100 million LAB tokens from Bitget in a 12-hour span, valued at about $480 million and equal to 32.26% of circulating supply. The transfers add to an ongoing manipulation probe after LAB rose from roughly $0.70 to nearly $3.30 on May 2 and later drew a $10,000 bounty tied to alleged market-making activity.

A bipartisan group of U.S. House lawmakers will meet behind closed doors on May 14, 2026, to debate proposed changes to crypto taxation, including rules for staking, trading, and small payments. The discussion centers on the Digital Asset PARITY Act, which would allow staking taxes to be deferred for up to 5 years and remove capital gains tax on qualifying stablecoin purchases under $200. The meeting is scheduled for the same day the Senate Banking Committee is set to vote on the CLARITY Act.

Tesla (TSLA) gained 3.89% to $445.08 today as investors showed renewed confidence. Discover what Tesla does, the drivers behind today's move, the 2026 price outlook, and why traders are turning to BingX.

Circle Internet Group (CRCL) climbed 15.91% to $131.76 today with exceptionally high trading volume. Discover what Circle does, the drivers behind today's rally, the 2026 price outlook, and why traders are turning to BingX.

Global crypto investment products extended a six-week inflow streak after taking in $857.9 million over the past week, led by $706.1 million into Bitcoin-focused funds. Ethereum products added $77.1 million while Solana and XRP brought in $47.6 million and $39.6 million, and the US accounted for $776.6 million of the weekly total. The rebound came as sentiment improved around the CLARITY Act ahead of the Senate Banking Committee’s markup session scheduled for Thursday, May 14.

DraftKings and Flutter Entertainment are moving from consumer prediction-market products into market-making, with Q1 2026 earnings updates outlining the shift. DraftKings reported $1.6 billion in Q1 2026 revenue on May 7 and said its Railbird exchange is central to an effort to be a leading market maker before year-end. Flutter posted $4.304 billion in Q1 2026 revenue on May 6 and said it started providing market-making services on a major third-party platform in April while building its own offering.

Global energy markets are on edge this Tuesday as oil prices climbed in early Asian trade. The catalyst remains the deteriorating relationship between Washington and Tehran, with President Trump declaring peace efforts to be on life support.