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Meta has introduced a crypto payment system allowing content creators in Colombia and the Philippines to receive earnings in USDC stablecoin via popular wallets like MetaMask and Phantom. The company clarified that they are not issuing a Meta stablecoin but utilizing Circle’s USDC, the second-largest stablecoin.
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Alex Mashinsky, former CEO of Celsius Network, agreed to a $10 million settlement with the FTC, banning him permanently from the crypto industry. The settlement includes a suspended $4.7 billion judgment, with reporting requirements for 18 years.

bitcoinmagazine.com
Steak ‘n Shake's Chief MAHA Officer Michael Boes highlighted the positive impact of Bitcoin on the chain's business, leading to increased customers, cost savings, and menu improvements. By accepting Bitcoin payments, the company saw significant growth in same-store sales, outperforming competitors like McDonald’s and Taco Bell.

Protos
A suspicious trade on Hyperliquid's HOOD futures contracts, mimicking Robinhood's stock, raised concerns of insider trading. The wallets in question made profitable shorts before Robinhood's disappointing earnings report, sparking accusations of advance knowledge and potential regulatory scrutiny.

Protos
Over $1 billion has been stolen in 68 crypto hacking incidents in 2026, with three major thefts accounting for most losses. Security firms are struggling to keep up with the increasing number of hacks, which may be due to AI-powered tools exploiting vulnerabilities.

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The Federal Reserve maintained its benchmark interest rate, expressing caution amid global economic uncertainty due to conflict in the Middle East. Bitcoin and Ethereum prices dipped following the announcement, with potential impacts on inflation and energy costs.

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Nigel Farage received a $6.7 million gift from billionaire Christopher Harborne for personal security, undisclosed under UK campaign finance laws. Harborne also donated £12 million to the Reform UK party, sparking scrutiny over crypto's role in UK political funding.

DL News
Sky's Q1 2026 financial results show record revenue, with $124 million in gross revenue and $61 million in net revenue. Despite this success, the Sky governance token has decreased by 2.4% since the results were announced.

Decrypt
The Department of Finance in Canada has proposed a ban on Bitcoin and crypto ATMs to protect vulnerable individuals from scams. The government aims to combat rising fraud by shutting down self-service kiosks found at gas stations and convenience stores nationwide.

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MoonPay has acquired Israeli crypto key management company Sodot to launch MoonPay Institutional, catering to traditional finance firms. Sodot, valued at about $100 million, specializes in MPC and TEE products for institutional asset managers and custodians.