Mostly Bitcoin — Daily Digest

Last 24 hours of mainstream crypto coverage

May 11, 2026

Santa Clara County is suing Meta over allegations it profited from scam advertisements that particularly targeted seniors and families — fortune.com

Meta Platforms Inc. was sued by Santa Clara County, California, over allegations that the company “knowingly facilitates and profits from billions of scam advertisements” on its social networks, including Facebook and Instagram. The complaint accuses the

Wall Street’s Stablecoin Darling Raises $222 Million to Starve Ethereum — gizmodo.com

Ethereum's relevance continues to dwindle as crypto aligns with institutions.

Circle’s First-Quarter Revenue Increases 20%, Net Income Drops — bloomberg.com

Circle Internet Group Inc.’s first-quarter revenue increased 20% while net income declined, as ongoing volatility in cryptocurrency markets roiled earnings from companies across the industry at the start of the year.

This upstart stablecoin bank just won a rare OCC charter and raised $40 million. Its CEO is only 25 — fortune.com

“This is the best product in the history of the world but distribution is broken,” says Ferdinand Dabitz, holding up a $100 bill. Even though U.S. dollars are the world’s favorite currency, says Dabitz, many people seeking to get them must rely on an

San Francisco Congressional Battle Has Three Different Visions for Government — prospect.org

SAN FRANCISCO – At a coffee shop in the Castro District on a gray Saturday, state Sen. Scott Wiener ran through a list of elected officials who came from this city’s often-cutthroat political scene. “Nancy Pelosi, Phil Burton, Jackie Speier, Dianne

This week: Ballroom fight, Warsh confirmation on the agenda — rollcall.com

The top priority for Senate Republicans this week will be to confirm Kevin Warsh to be chairman of the Federal Reserve, but much of the week’s work in the Senate will be off the floor, setting the stage for upcoming votes on the budget reconciliation bill.