Bitcoin Depot files for Chapter 11 in Texas, plans asset sale and wind-down as regulatory pressure forces shutdown of its Bitcoin ATM network. Bitcoin Depot, one of the largest Bitcoin ATM operators in the US, filed for Chapter 11 bankruptcy protection as the company moved to wind down operations and sell its assets. In a Monday announcement, Atlanta-based Bitcoin Depot said it started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas, citing mounting regulatory pressure and financial strain. CEO Alex Holmes said the company strengthened anti-fraud protections in recent years, including stricter identity checks and lower transaction limits, but argued that growing compliance demands and enforcement actions made the business model “unsustainable.” Read more
Veteran batter Mushfiqur Rahim hit a glittering century as Bangladesh set Pakistan an imposing target of 427 to win the second Test after another commanding day for the hosts on Monday. Bangladesh posted 390 all out in their second innings on day three with Mushfiqur, who made 137, and Litton Das, who hit 69, putting together 123 runs for the fifth wicket. The 39-year-old Mushfiqur rolled back the years as he scored his 14th Test century, surpassing Mominul Haque’s record of 13 for Bangladesh. Pakistan openers Azan Awais and Abdullah Fazal survived the last two overs of the day without scoring before bad light ended play. The visitors will need a record chase to level the two-match series after Bangladesh won the opener. Bangladesh’s Taijul Islam plays a shot during the third day of the second Test match between Bangladesh and Pakistan at the Sylhet International Cricket Stadium in Sylhet, Bangladesh on May 18, 2026. — AFP West Indies currently hold the record for the 418 they scored to beat Australia in Anti...