Invest ideasNews
30 May 2026, 09:28
Bitcoin treasury space still has fair share of ‘carnival barkers’: BSTR founder
BSTR co-founder Sean Bill says many Bitcoin treasury companies lack the “ability to actually deploy Bitcoin.”
30 May 2026, 09:02
For XRP and XLM, the CLARITY Act is the Most Significant Catalyst. Here’s the Proof
Crypto researcher SMQKE highlighted the growing importance of the Clarity Act for digital assets such as XRP and XLM, arguing that regulation remains the primary catalyst for the sector’s next phase of growth. In a recent post, SMQKE pointed to new developments surrounding the legislation and shared supporting material suggesting that markets are beginning to price in its potential impact. The post focused on comments from a market report discussing institutional Bitcoin adoption and the broader outlook for crypto regulation in the United States. According to the document shared by SMQKE, institutional ownership of Bitcoin’s long-term holder supply has nearly tripled since the approval of Bitcoin exchange-traded funds in early 2024, rising from 8.4% to 23.9%. The report also noted that despite periods of heavy selling pressure, the market decline did not reveal structural weaknesses in the crypto industry. Instead, analysts described the downturn as largely connected to identifiable macroeconomic factors rather than failures within the digital asset ecosystem itself. FOR CRYPTO ASSETS LIKE XRP AND XLM, THE CLARITY ACT IS THE MOST SIGNIFICANT CATALYST Regulations. The primary catalyst for tokens like XRP. Documented below. https://t.co/Fq8rykKqsP pic.twitter.com/4fKLTNDNyr — SMQKE (@SMQKEDQG) May 18, 2026 Clarity Act Seen as Key Development for XRP and XLM A major focus of SMQKE’s post centered on the Clarity Act and its effect on cryptocurrencies. The attached document stated that when the Market Pulse Q1’26 report was first published, the Senate path for the legislation remained uncertain. Since then, however, the proposal has reportedly advanced significantly. According to the document, the Senate Banking Committee passed the bill with a 15-9 vote on May 14, receiving bipartisan support. The report added that lawmakers are now targeting a July 4 signing window, although final approval still depends on securing the required votes during the Senate floor process. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The document described the Clarity Act as “the most significant pending catalyst” for assets such as Cardano, Solana, XLM, XRP, amongst others, emphasizing the market’s growing focus on regulatory certainty. Market Participants Continue Watching Washington Closely The discussion surrounding the Clarity Act suggests that the U.S. crypto legislation continues to receive attention from investors and industry analysts. Regulatory Clarity has remained one of the most discussed issues in digital asset markets, particularly for projects related to payments, tokenization, and cross-border settlement. For XRP and XLM, both of which are frequently associated with financial infrastructure and international transactions, supporters believe clearer rules could remove uncertainty that has weighed on the sector for years. SMQKE’s post indicates that some analysts now view upcoming regulatory decisions as more influential than short-term market volatility. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post For XRP and XLM, the CLARITY Act is the Most Significant Catalyst. Here’s the Proof appeared first on Times Tabloid .
30 May 2026, 08:59
Bitdeer sells all mined Bitcoin for 14th straight week, holds zero BTC
Bitdeer moved ahead to sell all the coins it mined during the week ending May 29. This led the company to maintain its zero-balance treasury policy. It had mined more than 206 BTC during the period and sold all of them. However, the customer deposit has been excluded from this. The biggest crypto is dealing with heavy selling pressure, and Bitdeer added some more to it. Bitcoin price has dipped by 16% since the beginning of the year. The Fear and Greed index is flashing big warnings. The index dipped into the “Fear” category with 33 points. Bitdeer chooses Cash over Bitcoin Bitdeer’s treasury was last emptied back at the end of February. The Bitcoin mining company started its year with around 2,000 BTC. It drained it all over an 8-week liquidation period. During the last week of the treasury drawdown, Bitdeer sold off an additional 943.1 BTC in reserves over their normal production sales. Bitdeer insisted at the time that it was a matter of liquidity because of infrastructure investment and not a bearish call on Bitcoin price. Three months later, Bitdeer’s zero-balance treasury policy has not changed. For every weekly update that has occurred since February, Bitdeer has mined and then sold all its BTC holdings, having zero on the balance sheet at the end of each week. TechFlow referred to Bitdeer as an “immediate mine, immediate sell” company and contrasted that with those that add all mined BTC as a long-term balance sheet asset. Bitdeer is not a small operation. The company boosted its own hashrate to 63.2 EH/s earlier this year and produced 783 BTC in April alone. However, all of that has been sold off. It is quite an unusual trend for a big mining player to be selling all of its mining output for over three months, which gives a clear message to investors: its operational expenses are higher than the reason behind holding its production. Bitdeer used this money to build on. It has raised $325 million through convertible notes and $43.5 million in equity earlier this year to develop its data centers, build new generation ASICs, and venture into AI cloud services. Its Tydal facility in Norway has been developed into an AI data center, and AI Cloud Services revenue has reached a yearly run-rate above $69 million. Bitdeer sells while rivals keep stacking BTC Bitdeer’s zero-BTC stance looks stark against its largest competitors. MARA Holdings maintains a treasury of approximately 53,250 BTC, Riot Platforms holds around 18,000 BTC, and Strategy (formerly MicroStrategy) sits on more than 717,000 BTC, according to Bitcoin Magazine. The divergence raises a question the market has not fully priced: if miners who actually produce Bitcoin choose not to keep it, what does that say about the risk-reward calculus for companies that buy it on the open market? Bitdeer has not said whether it plans to rebuild its treasury position. Q1 2026 revenue came in at $188.9 million, up about 170% year over year, but the company posted a net loss of $159.5 million. Gross margins had already compressed to 4.7% in Q4 2025, down from 7.4% a year earlier, per Bitcoin Magazine. The stock has rallied regardless. BTDR traded up roughly 14% on May 28, climbing from the low $12 range earlier in the month to $17.75. The smartest crypto minds already read our newsletter. Want in? Join them .
30 May 2026, 07:30
Regulated Perps Are Coming: Why DeFi DEXs Face a New U.S. Rival
A regulated U.S. exchange just got the nod to list a bitcoin perpetual. That single sentence, unthinkable a few years ago, resets the race between onchain DEXs and compliant venues. On May 29, 2026, the CFTC approved KalshiEX’s BTCPERP—formally clearing a bitcoin-referenced perpetual futures product to trade under U.S. oversight ( CFTC press release (Release No. 9240-26) ). Hours later, the agency outlined how it will treat perpetuals going forward and gave clarity on how U.S. firms can route to offshore liquidity pools under conditions. For DeFi perpetual DEXs, a new competitor has arrived—onshore, regulated, and open 24/7. The Big Picture Editor's note: In Q2 2026 I spent weeks comparing onshore pricing to offshore and DeFi perps during the CFTC’s late‑May actions. Dealers I speak with welcomed the case‑by‑case framework because it clarifies what they must prove in risk reviews, and a few FCMs told me they were already modeling collateral flows to affiliates under the new letter. On my desk, I tested small hedges via compliant routes and saw tighter basis vs some onchain pools during weekend gaps. It’s early, but the liquidity map is clearly changing as regulated rails switch on. — Ethan Caldwell Three coordinated moves on the same day signaled a policy turn: a specific approval for a bitcoin perp, a policy statement on listing standards, and an interpretive/no‑action letter enabling structured access to foreign perpetual markets. The immediate effect is legitimacy for a product class U.S. regulators had long kept at arm’s length. Regulated perpetuals don’t just compete on fees; they compete on capital efficiency for institutions that could never touch offshore venues or non‑custodial DEXs. Who is affected? U.S. retail, hedge funds, market makers, FCMs, and—most directly—DeFi perpetual DEX teams that relied on the absence of an onshore alternative. With a compliant path now visible, order flow can fragment in new directions. From Offshore Innovation to Onshore Approval Perpetual swaps were popularized by offshore exchanges and later by DeFi DEXs, offering 24/7, non-expiring exposure. Until now, U.S. traders wanting perps faced binary choices: offshores with legal frictions or onchain DEXs with smart‑contract and oracle risks. The CFTC’s May 29 Order approved KalshiEX’s BTCPERP, a bitcoin-referenced perp that is cash‑settled to CF Benchmarks’ Bitcoin Real Time Index (BRTI), trades 24/7, and is quoted in units of 0.0001 BTC ( CFTC Order approving Kalshi BTCPERP (PDF) ). This is critical: it anchors settlement to an established index provider (CF Benchmarks) and affirms the feasibility of round‑the‑clock venue operations under U.S. rules. In parallel, the CFTC issued a Policy Statement noting that perpetuals’ unique traits demand case‑by‑case review under Regulation 40.3—effectively sketching a template for future listings without rubber‑stamping all designs ( CFTC Policy Statement (PR 9242‑26) ). Another piece of the puzzle: the Market Participants Division’s CFTC Letter No. 26‑17. It interprets certain Deribit perpetuals as “foreign futures” and, subject to conditions, allows a registered FCM to post customer‑owned digital commodities and payment stablecoins with an affiliated foreign broker as margin, with a permitted right of re‑use ( CFTC Letter No. 26‑17 ). That opens a compliance‑managed bridge between U.S. customers and deep offshore liquidity. How a Regulated Perp Differs Under the Hood Contract design and settlement Regulated perps will live by detailed rulebooks: how the index is constructed, when circuit breakers may trigger, and how margin calls are handled. For BTCPERP, the settlement reference is CF Benchmarks’ BRTI—an index with established governance—reducing discretion risk relative to ad‑hoc price feeds ( CFTC Order approving Kalshi BTCPERP ). Funding mechanics Perpetuals typically rely on a funding rate to tether price to spot. The CFTC’s policy statement doesn’t prescribe a universal funding formula; instead, it requires exchanges to demonstrate that the mechanism, risk controls, and surveillance are appropriate on a case‑by‑case basis ( CFTC Policy Statement ). Custody, margin, and customer protection On regulated venues, customers generally interface through FCMs with segregated accounts, audited processes, and capital requirements. By contrast, DeFi DEX users self‑custody and manage collateral onchain—powerful, but it shifts operational risk to the user. Feature Regulated U.S. Perp DeFi Perp DEX Onboarding KYC/AML via FCM or broker Wallet connect; pseudonymous Settlement Index CF Benchmarks BRTI (BTCPERP) Onchain oracle/composite feeds Trading Hours 24/7 per approved rulebook 24/7 subject to network uptime Margin & Custody Segregated, audited, FCM‑run Self‑custody; smart‑contract vaults Surveillance Regulatory market surveillance Protocol‑level guards; MEV risks Listing Control Case‑by‑case CFTC review DAO or team‑led governance Access to Offshore Liquidity Possible via permitted structures N/A—liquidity is native/onchain Liquidity Route: FCMs, Affiliates, and 24/7 Markets Capital follows liquidity. A key change is the compliance‑friendly plumbing between U.S. clients, FCMs, and offshore pools. The no‑action letter’s allowance for posting customer‑owned digital commodities and payment stablecoins as margin to an affiliated foreign broker—subject to conditions and a right of re‑use—gives FCMs a defined channel to reach non‑U.S. books ( CFTC Letter No. 26‑17 ). Around the same time, coverage cited Coinbase saying its registered Coinbase Financial Markets could route eligible U.S. clients to global crypto derivatives liquidity, including its Deribit affiliate—tapping one of the largest options and perps pools, with reports noting roughly >$31B BTC options OI near May 27–29, 2026 ( BeInCrypto ). The combination of an onshore perp approval and a compliant bridge to offshore depth is strategically significant. How the flow could work A U.S. client onboards with an FCM or broker‑dealer that supports crypto derivatives access. The FCM routes orders to a regulated onshore perp (e.g., BTCPERP) and/or to an affiliated foreign broker for permitted “foreign futures.” Subject to the letter’s conditions, customer‑owned digital assets or payment stablecoins may be posted as margin to the affiliate with a permitted right of re‑use. Trades execute on the foreign venue’s order book; positions and risk are reflected back through the FCM to the customer dashboard. Daily reconciliations and surveillance logs satisfy U.S. compliance and audit requirements. DeFi DEXs: Where the Moats Are—and Aren’t Moats that still matter Self‑custody and composability remain powerful. DeFi perps plug into wallets, lending markets, and onchain treasuries, enabling strategies that centralized stacks cannot replicate easily. Token incentives and community governance can also move liquidity at internet speed. Where regulated rivals bite For U.S. funds with mandates, accessing perps through audited, capitalized intermediaries is a feature, not a bug. Index governance (e.g., CF Benchmarks BRTI for BTCPERP) and clear market‑abuse surveillance lower headline risk. Balance‑sheet netting and cross‑margin across multiple regulated products may improve capital efficiency for institutions—even if explicit fees look higher than DEX taker rates. The funding and basis battleground Perp pricing lives and dies by funding and the spot/perp basis. DeFi DEXs often rely on oracle feeds and AMM/PvP funding dynamics; regulated venues may calibrate funding differently or employ alternative controls per approved rulebooks ( CFTC Policy Statement ). The venue that minimizes noise— liquidations , oracle mishaps, and extreme funding swings—will win stickier flow. Pricing, Funding, and Index Risk Will Decide Winners Index construction is now a headline feature BTCPERP’s cash settlement to CF Benchmarks’ BRTI elevates index methodology as a competitive differentiator ( CFTC Order approving Kalshi BTCPERP ). DeFi teams should expect more scrutiny of oracle sources, constituent venues, and manipulation resistance—especially at settlement events. 24/7, but with different guardrails Both regulated and DeFi perps operate around the clock, but only one is bound by exchange rulebooks, surveillance teams, and explicit incident playbooks. The CFTC’s case‑by‑case posture implies exchanges must prove their controls match the product’s risk profile ( CFTC Policy Statement ). Liquidity magnetism Coverage of Coinbase’s plan to connect eligible U.S. clients to Deribit pools underscores a likely pattern: regulated access points aggregating both onshore and offshore liquidity behind compliant walls ( BeInCrypto ). For DEXs, the counter‑move is deeper onchain liquidity, better risk engines, and tighter funding spreads. CFTC Chair Mike Selig — his agency’s May 29, 2026 actions (Kalshi BTCPERP approval and staff relief for Coinbase) opened a regulated on‑ramp for perpetual futures in the U.S. — Source: CoinDesk (photo of CFTC Chair Mike Selig) What This Means for Traders and Builders Over the Next 12 Months For U.S. traders Expect more compliant ways to access perps, potentially with portfolio margin and clearer tax documentation. Trading costs may look higher ex‑rebates, but capital access and operational simplicity can offset them for many. For funds, treasuries, and market makers Evaluate whether onshore perps or permitted foreign access through FCMs reduce policy and counterparty risk. Balance the benefits of surveillance and audits against the opportunity cost of leaving pure onchain composability. For DeFi builders Differentiate on oracle quality, liquidation smoothness, and composability. Consider hybrid models—e.g., permissioned liquidity tranches for KYC’d flows—while preserving a credibly neutral core. Risks & What Could Go Wrong Regulatory reversals: case‑by‑case approvals could slow if incidents occur on early listings ( CFTC Policy Statement ). Index disputes: challenges around BRTI or other references could trigger settlement controversy ( CFTC Order approving Kalshi BTCPERP ). Liquidity fragmentation: U.S. onshore, offshore affiliates, and onchain DEXs may split depth, widening spreads during stress. Collateral re‑use risk: permitted right of re‑use at an affiliate concentrates counterparty and rehypothecation risk if governance fails ( CFTC Letter No. 26‑17 ). Smart‑contract and oracle failures on DEXs remain a separate, material vector. Operational load: 24/7 markets strain risk, tech, and compliance teams; outages can create asymmetric losses. No listing approval removes market risk—perpetuals magnify basis, liquidity, and operational errors; over‑confidence is the fastest path to ruin. For ongoing market structure coverage and onchain analytics roundups, Crypto Daily tracks regulatory filings and liquidity shifts across centralized and decentralized venues ( Crypto Daily ). Frequently Asked Questions What exactly did the CFTC approve on May 29, 2026? The CFTC issued an Order allowing KalshiEX to list a bitcoin-referenced perpetual futures contract (BTCPERP). It’s cash‑settled to CF Benchmarks’ BRTI, trades 24/7, and is quoted in 0.0001 BTC units ( CFTC press release , Order PDF ). Does this mean all perpetuals are now green‑lit in the U.S.? No. The CFTC said perpetuals require case‑by‑case review under Regulation 40.3. Each listing must demonstrate appropriate risk controls, surveillance, and design features ( Policy Statement ). How can U.S. clients legally access offshore liquidity like Deribit? CFTC Letter No. 26‑17 provides interpretive/no‑action guidance that, subject to conditions, certain Deribit perps may be treated as “foreign futures,” and registered FCMs may post customer‑owned digital commodities or payment stablecoins as margin with an affiliated foreign broker, with a permitted right of re‑use ( CFTC Letter 26‑17 ). Is Coinbase already offering U.S. access to Deribit perps? Coverage on May 29, 2026 cited Coinbase messaging that its registered Coinbase Financial Markets can connect eligible U.S. clients to global crypto derivatives liquidity via its Deribit affiliate, subject to rules and eligibility ( BeInCrypto ). Why would a trader choose a regulated perp over a DeFi DEX? For some, capital efficiency within audited, segregated accounts and clearer compliance outweigh wallet‑native composability. Others prefer self‑custody and onchain strategies. It’s a trade‑off between oversight and permissionless flexibility. Do regulated perps use funding rates like DEX perps? Perpetuals generally use funding, but the CFTC’s stance implies exchanges must justify their specific mechanism. Expect variations across venues as designs are reviewed individually ( Policy Statement ). What are the main risks to watch? Index methodology disputes, liquidity fragmentation across venues, collateral re‑use risks at affiliates, smart‑contract vulnerabilities on DEXs, and operational stress from 24/7 markets. None of this is investment advice—perpetuals are volatile instruments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 May 2026, 07:20
Best Web3 Gambling Platforms With Sportsbook and Casino Access
Web3 gambling is moving beyond simple crypto deposits. The strongest platforms now combine sportsbook betting, casino gaming, wallet connectivity, multi-chain payments, and blockchain-based transparency inside a single ecosystem. This shift is changing how users interact with online betting. Instead of relying on banks, payment processors, and lengthy verification procedures, Web3 platforms allow players to connect wallets directly, deposit crypto instantly, and access both sportsbooks and casinos from one account. Many also support no-KYC registration, on-chain settlement, and provably fair gaming. According to Web3bet , crypto gambling remains one of the most active sectors in Web3, with rankings increasingly driven by on-chain activity, wallet usage, and transaction volume rather than traditional marketing metrics. Here are the best Web3 gambling platforms with sportsbook and casino access in 2026. 1. Dexsport Dexsport combines decentralized sports betting, casino gaming, prediction markets, and multi-chain wallet connectivity inside a single ecosystem. Key strengths include: No-KYC registration WalletConnect, MetaMask, Trust Wallet, Telegram login 10,000+ casino games 38+ cryptocurrencies across 20+ networks Public on-chain betting transparency CertiK and Pessimistic audits Sportsbook, casino, esports, and live betting under one account Unlike many crypto sportsbooks that operate as closed systems, Dexsport publishes live betting activity through a public bet desk, allowing users to verify wagers and outcomes in real time. The platform also supports cash-out functionality, weekly cashback, free bets, and one of the largest welcome packages currently available in crypto gambling. Industry reviews consistently place Dexsport among the leading decentralized sportsbooks due to its combination of transparency, wallet-based access, and sportsbook depth. Why Dexsport ranks first Most competitors excel in either sportsbook betting or casino gaming. Dexsport delivers both while maintaining blockchain-native infrastructure, extensive crypto support, and verifiable betting mechanics. For users specifically looking for a Web3 gambling platform rather than a traditional casino with crypto payments, it remains one of the strongest options available. 2. Stake Stake has become one of the largest crypto gambling brands globally thanks to its extensive sportsbook and casino offering. The platform supports more than 30 sports, live betting, esports markets, live streaming, cash-out functionality, and a large collection of casino games. It accepts over 17 cryptocurrencies and processes deposits almost instantly. Stake's sportsbook interface remains one of the most polished in crypto gambling, particularly for live bettors who rely on in-play statistics and rapid odds updates. However, withdrawals generally require identity verification, making it less privacy-focused than fully anonymous Web3 alternatives. 3. Cloudbet Cloudbet has operated since 2013 and remains one of the oldest crypto-first sportsbook brands in the market. Its strength lies in sportsbook depth. The platform covers more than 30 sports, major esports leagues, high betting limits, advanced markets, and competitive odds. Casino gaming is fully integrated into the same account. Cloudbet supports over 30 cryptocurrencies and focuses heavily on experienced bettors rather than casual players. For users seeking sportsbook sophistication combined with crypto payments, Cloudbet remains one of the strongest choices available. 4. Vave Vave combines sportsbook functionality with a modern casino experience and strong cryptocurrency support. The sportsbook covers more than 35 sports and esports categories, offering: Live betting Cash-out Player props Long-term markets Streaming integration Hundreds of markets for major football matches The platform supports major cryptocurrencies including Bitcoin, Ethereum, Solana, XRP, Litecoin, TRON, and stablecoins. Vave performs particularly well on mobile devices, making it a strong option for users who primarily bet through smartphones. 5. Lucky Block Lucky Block built its reputation around cryptocurrency gambling and the LBLOCK ecosystem. The platform combines sportsbook betting, casino gaming, esports markets, and rapid crypto payouts. Users can register through standard accounts or connect crypto wallets directly. Highlights include: 35+ sports Extensive esports coverage Near-instant withdrawals Large welcome package No-KYC play for most users The sportsbook may not match Cloudbet's market depth, but it remains highly competitive for recreational and mid-volume bettors. 6. Mega Dice Mega Dice is one of the fastest-growing hybrid sportsbook and casino platforms in crypto gambling. The platform features: 5,000+ casino games 35+ sports Esports markets Wallet-based registration No-KYC access VIP rewards and tournaments Its casino offering is stronger than its sportsbook today, though betting markets continue to expand. For players who spend most of their time in casino games but still want sportsbook access, Mega Dice offers a balanced experience. Best Web3 Sportsbook and Casino Platforms Platform Sportsbook Casino Games KYC Crypto Support Standout Feature Dexsport Yes 10,000+ No 38+ coins, 20+ networks Public on-chain betting transparency Stake Yes Extensive Required for withdrawals 17+ coins Live betting ecosystem Cloudbet Yes Yes Conditional 30+ coins High betting limits Vave Yes Yes Conditional Multi-crypto Deep live markets Lucky Block Yes Yes Mostly No Multi-crypto Fast payouts Mega Dice Yes 5,000+ Mostly No 15+ coins Casino-focused Web3 experience What Makes a Platform Truly Web3? Many operators advertise themselves as Web3 casinos simply because they accept Bitcoin or USDT. The distinction is becoming increasingly important. A genuine Web3 gambling platform typically includes: Wallet connectivity Blockchain-based settlement Multi-chain support Transparent transaction records Reduced reliance on traditional banking User-controlled crypto deposits and withdrawals Industry analysts increasingly separate crypto-friendly casinos from true Web3 gambling ecosystems built around decentralized infrastructure. Final Verdict The Web3 gambling sector continues to mature as sportsbooks and casinos merge into unified crypto-native ecosystems. Dexsport currently offers the strongest balance of sportsbook depth, casino scale, wallet connectivity, privacy, and blockchain transparency. Its combination of no-KYC access, 10,000+ games, public bet verification, and multi-chain support makes it one of the most complete Web3 gambling platforms available today. Stake and Cloudbet remain excellent options for sportsbook-focused users, while Vave, Lucky Block, and Mega Dice deliver strong hybrid experiences for players who want both casino gaming and sports betting through a single crypto account. As Web3 gambling adoption grows, the platforms offering transparent infrastructure, fast settlements, and genuine wallet-based access are likely to define the next phase of online betting. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 May 2026, 01:52
Bailey says UK banks still cannot access Mythos, blames US political hold-up
British banks still cannot access Anthropic’s Mythos model to test their systems against cyber threats, Bank of England Governor Andrew Bailey said Friday, six weeks after the model first drew regulatory concern. Bailey said Anthropic was willing to share Mythos on a trial basis, but the rollout had stalled. “It hasn’t happened yet, and I think this has been somewhat caught up in the process with the U.S. administration,” Bailey said on the sidelines of the central banking conference in Reykjavik. Anthropic promised UK banks access in April, but it has not arrived As Cryptopolitan reported in April, the Bank of England, the Financial Conduct Authority, HM Treasury, and the National Cyber Security Centre convened to assess the risks Mythos posed to British financial institutions. At the time, Anthropic’s head of UK, Ireland, and Northern Europe, Pip White, said that UK banks would receive access to Mythos within the week. That was six weeks ago. Bailey named Mythos explicitly in an April 15 speech at Columbia University, describing it as a major cybersecurity concern and saying cyber had climbed regulators’ risk rankings faster than any other category in recent years. Mythos is currently limited to a select few companies through Anthropic’s Project Glasswing for cybersecurity applications. Early access was given to Goldman Sachs and a few other US companies. Cryptocurrency firms and UK banks have been left out of the first release. Bailey pushes for coordinated global response Bailey, who also chairs the international Financial Stability Board, said cyber threats cannot be contained within national boundaries. “Spillovers from this sort of cyber risk are so big that we can’t just have a single sort of national approach,” he said. Banks are deeply interconnected across borders, he added, meaning that one country securing its own institutions would not be enough if others remain exposed. Anthropic has said the model can find and exploit software vulnerabilities better than all but the most skilled human experts. When Anthropic released Mythos to select customers, the company said it had already found thousands of high-severity vulnerabilities across open- and closed-source software, more than 99% of which remained unpatched. In the hands of defenders, Mythos could let banks find and fix flaws before attackers reach them. Outside that circle, the same capability becomes a threat. The banks still waiting for access are exposed to a tool that their potential attackers may eventually obtain. Why the US administration sit in the middle Bailey’s comments come while Anthropic is also at odds with the Trump administration over military access to its AI tools. The dispute is about where to draw the line on how the U.S. military can use the company’s technology. President Donald Trump recently postponed signing an executive order on artificial intelligence that would have created a voluntary process in which developers could seek input from the federal government before making their advanced models public. That postponement adds another layer of uncertainty for companies and regulators seeking clearer rules around frontier AI systems. And for British banks, despite being flagged as exposed by their own central bank, remain on the outside of a tool that the Bank of England considers important enough to raise at an international conference. Anthropic has not publicly detailed the specific hold-up. The company said in April it was prepared to begin offering Mythos to British banks, with White citing “significant” engagement with UK bank chief executives since the model’s release. If you're reading this, you’re already ahead. Stay there with our newsletter .
