Important News from Last Night and This Morning (May 12–May 13)
Summary
This roundup highlights major crypto and AI industry developments: Bakkt reported a 77% drop in Q1 crypto revenue and is pivoting toward stablecoin payments and “agentic AI,” while Starknet launched a privacy-wrapped Bitcoin token (strkBTC). Elliptic raised $120 million to expand blockchain analytics and AML tooling, Osero secured $13.5 million for stablecoin yield infrastructure, and Morgan/JPM plan a tokenized money market fund on Ethereum. Aave completed the first phase of its rsETH recovery plan and Kelp will replenish bridged tokens to restore withdrawals. Security and standards news surfaced as Google disclosed AI zero-day attacks, a MistralAI PyPI package was backdoored, and the Ethereum Foundation backed Clear Signing to make transactions human-readable; Anthropic is also reportedly in talks for a very large funding round. The report includes macro context (US CPI surprise) and market warnings about Bitcoin’s fragile rally, plus other corporate items such as eBay rejecting GameStop’s acquisition offer.
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