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June 8, 2026

Sam Bankman-Fried Files Formal Pardon Application as FTT Spikes and African Creditors Remain Frozen Out

Sam Bankman-Fried, the convicted founder of collapsed crypto exchange FTX, has filed a formal clemency petition with the U.S. Department of Justice, asking President Donald Trump to pardon him while he serves a 25-year federal prison sentence. The application, listed publicly under DOJ clemency case number P338490, was confirmed on June 8, 2026. Trump has previously stated that Bankman-Fried should not expect a pardon.

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Four Texas Power Groups Tied to Crypto Mining and Data Centers Failed Grid Safety Tests Ahead of Record Summer Demand

Four unnamed clusters of large electricity customers in Texas, including crypto mining facilities and data centers, failed mandatory voltage ride-through (VRT) tests required under ERCOT reliability standard NOGRR282, according to a May 21, 2026 report from ERCOT's Large Load Working Group. Each failing group could shed more than 5,000 MW of demand in a single fault event, roughly equal to the electricity consumption of Boston, at a moment when Texas is bracing for record summer load.

June 5, 2026Read →

Greece Moves to Tax Crypto Gains at 15%, Filling a Years-Long Regulatory Gap

Athens is preparing legislation that would impose a flat 15% capital gains tax on cryptocurrency profits, according to two anonymous officials from the Greek Ministry of National Economy and Finance who spoke to Reuters on June 5, 2026. The draft bill has not yet been submitted to Parliament but is expected within the coming months.

June 5, 2026Read →