Voter attitudes toward the AI and crypto industries aren’t favorable in the US, and a spotlight on how much they’re spending could further alienate them ahead of the 2026 midterms. The AI and crypto industries have made headlines over the past year thanks to the impressive war chests amassed by corporate political action committees (PACs). Profligate spending during the last federal elections in the US has led to unprecedented policy changes favoring the crypto industry, with indications that a full legislative framework in the form of the CLARITY Act is on its way to becoming law. But this hasn’t endeared the crypto industry to voters. Recent polls from Politico show distrust of the crypto industry, and the electorate isn’t sold on the benefits of AI. Read more
Peter Thiel-backed Augustus has won conditional OCC approval for a US bank charter focused on AI-driven payments and stablecoin settlement infrastructure. Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank built around artificial intelligence and stablecoin-based payments. The approval, announced Monday, would allow Augustus to expand its existing European banking operations into the US, as financial firms increasingly compete to modernize cross-border settlement infrastructure using tokenized dollars and blockchain-based payment systems. The company describes Augustus National Bank as “the first clearing bank for the AI era,” built on an AI and stablecoin-native core designed to interact directly with machine agents at “the speed of compute,” rather than relying on batch processes and human clerks. Read more
Strategy added $43 million in Bitcoin last week after Michael Saylor drew mixed investor reactions for signaling potential BTC sales to fund dividend payments. Strategy bought 535 Bitcoin for $43 million last week, resuming its accumulation strategy days after its chairman, Michael Saylor, said the company may sell some of its holdings to fund dividend payments. The world’s largest corporate Bitcoin holder acquired the Bitcoin (BTC) between May 4 and May 10 at an average price of $80,340 per BTC, according to a Monday filing with the US Securities and Exchange Commission. The purchase lifted Strategy’s total holdings to 818,869 BTC, acquired for about $61.86 billion at an average price of $75,540 per coin, including fees and expenses. Read more
xBubble allows users to complete specific tasks with simpler prompts by automatically building and dispatching task-specific AI agents. xBubble allows users to complete specific tasks with simpler prompts by automatically building and dispatching task-specific AI agents. Today, DAPPOS is launching xBubble, a low-prompt AI agent designed for users who want results, not prompt-tuning sessions. With xBubble, users can turn short requests into deliverable work across creating image/video, websites, documents, and scheduled solutions, without testing models, assembling tools, building solutions, or vibe coding skills themselves. Read more
Circle raised $222 million in an ARC token presale led by a16z Crypto as Q1 revenue hit $694 million and USDC circulation climbed to $77 billion. Circle Internet Group agreed to sell 740 million ARC tokens for $222 million in a private placement led by a16z Crypto, valuing the Arc blockchain network at $3 billion on a fully diluted basis. The New York Stock Exchange-listed issuer of the USDC stablecoin disclosed the token presale Monday alongside its first-quarter 2026 results, which showed higher revenue and reserve income but lower net income. The round was led by a16z Crypto and backed by a consortium including BlackRock, Apollo Funds, ARK Invest, Bullish, General Catalyst, Haun Ventures, Intercontinental Exchange, IDG Capital, Janus Henderson Investors, Marshall Wace, SBI Group and Standard Chartered Ventures. Read more