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South Korea Orders Crypto Exchanges to Verify Asset Holdings Every 5 Minutes. One Exchange Error Made It Happen.

The FSC's emergency inspection found three of South Korea's five major platforms reconciling balances only once every 24 hours. The trigger: Bithumb crediting 620,000 BTC — roughly $56 billion — to 249 users instead of 620,000 Korean won. Regulators have now mandated five-minute reconciliation cycles, automatic kill switches, monthly external audits, and daily public disclosure of results. The deadline is May 2026.

By Ramy Morton
News

Prosecutors Reject Tornado Cash Co-founder's Copyright Defense. The Retrial Is Still Coming.

SDNY US Attorney Jay Clayton has pushed back against Roman Storm's attempt to use a 2026 Supreme Court copyright ruling as a defense against the two charges a jury deadlocked on last year. The case is a live contradiction: the same DOJ that issued a memo ending 'regulation by prosecution' on crypto platforms is now pursuing a retrial that could send a developer to prison for 40 years for writing open-source code.

By Ramy Morton
Tech

Anthropic's 3.5 Gigawatt Deal Is a Direct Challenge to Bitcoin Miners. Many Are Already Switching Sides.

On April 6, 2026, Anthropic announced a partnership with Google and Broadcom for multiple gigawatts of next-generation TPU compute capacity starting in 2027 — its largest infrastructure commitment ever. Revenue run rate: $30 billion, up from $9 billion at end-2025. Bitcoin miners lose roughly $19,000 per coin produced. AI hosting offers 80–90% operating margins. The industry's biggest business model shift in history is already underway.

By Jan Whitfield