On May 26, 2026, the company bought back $1.5 billion worth of its convertible notes that were due in 2029, spending about $1.38 billion in cash. This reduced the total amount of these notes outstanding from $8.2 billion to $6.7 billion, but also lowered the company’s cash reserves to around $871 million.
This action prevented around $1.5 million in forced sales and highlighted concerns about how easily prices can be manipulated, the reliability of data sources, and the risks of borrowing to invest in private companies.
The Argentine government, in a fit of organizational zeal, has trotted out the Bill for the Prevention of Gambling and Regulation of Online Gambling. Apparently, they’re keen to whip online betting into shape and curb the old gambling addiction. Top hole, if a tad nanny-ish.
By late May 2026, XLM was trading at around $0.20, with a noticeable upward trend despite general market ups and downs. This increase has led to discussions among traders about whether the price will continue to rise towards $0.25, or if some investors will sell to realize profits, potentially causing a temporary dip.
The cryptocurrency is currently trading slightly above $74,500, which is a key support level. This level also corresponds to the bottom of its 21-day Donchian channel.
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Banks, investment firms, and payment companies are exploring blockchain technology to make transactions faster and less expensive. This push for instant blockchain settlements is happening as the industry has already sped up traditional stock settlements to take just one business day (T+1) – a reduction from the previous two days. At the same time, there’s increasing interest in digital securities (tokenized securities) and stablecoins within the traditional financial world.
Key Takeaways (because who has time to read the whole thing?):
The exploit, a masterpiece of audacity and technical finesse, has laid bare the flimsy undergarments of legacy liquidity locker contracts. One cannot help but marvel at the attacker’s panache, though one’s admiration is tempered by the realization that such talents might have been better employed in the service of something less reprehensible-say, composing witty epigrams or orchestrating a society scandal.
Former President Trump recently addressed cryptocurrency market rules in a Truth Social post, as reported by Fox Business’ Eleanor Terrett. He suggested the current debate is about reversing policies enacted during Gary Gensler’s time as head of the SEC and making it more difficult for future administrations to change course. Terrett noted this was Trump’s first public statement on the topic since March, and it came shortly after the Senate Banking Committee moved forward with the CLARITY Act.