BSC News

QNT Bucks the Broader Selloff
While most major crypto assets slid into the red on May 16, one token stood out. @quantnetwork's $QNT posted a gain of more than 5% over the preceding 24 hours, a move that caught the attention of traders watching the rest of the market fall.
According to CoinGecko, the price of Quant reached $82.99 with a 24-hour trading volume of over $27 million, representing a 6.80% price increase in the last 24 hours and a 9.50% increase over the past seven days. The move pushed its market cap to roughly $1.2 billion. With that weekly performance, Quant was outperforming the global cryptocurrency market, which was down 3% over the same period.
What Could Be Behind the Move?
No single catalyst has been publicly confirmed, but there is growing fundamental context around $QNT. The Great British Tokenized Deposit project, led by UK Finance and involving major banks including HSBC, Barclays, and Lloyds, is a flagship initiative for live, regulated tokenized finance, with Quant's Overledger providing the core interoperability layer. The project is set for completion around mid-2026, marking a shift from pilot testing to production-scale operations for high-value transactions.
Quant has also completed key integrations, including SWIFT's ISO 20022 standard, and has secured partnerships with firms such as Murex for digital bonds, positioning the network for broader institutional adoption.
On the supply side, $QNT's tokenomics may be a contributing factor. QNT is a utility token used as a method of payment for Quant services, particularly for Overledger users paying their fees. Every client and developer must buy a licence and can use QNT to pay for transactions, with those tokens required to be locked up for 12 months. That lock-up mechanism limits circulating supply during periods of rising demand.
Whether the move is driven by renewed institutional interest, speculative momentum, or proximity to the mid-2026 GBTD project completion remains unclear. The question, as many in the market are asking, is whether the rally has legs or is simply a short-term divergence from a broadly bearish week.
Sources:
CoinGecko: Quant (QNT) Live Price and Market Cap
CoinMarketCap: Latest Quant News and Market Insights
CoinMarketCap: Quant (QNT) Price and Overview

Spot $XRP exchange-traded funds in the United States continued to attract fresh capital last week, posting net inflows of $60.5 million even as their $BTC and $ETH counterparts suffered notable redemptions.
A Strong Week for XRP ETF Flows
The week's biggest single day came on Monday, when US-listed spot XRP ETFs drew nearly $26 million in net inflows. According to CoinDesk, that Monday figure of $25.8 million was the largest daily haul for XRP ETFs since early January, pushing cumulative inflows across all products to $1.35 billion. The week rounded off on May 15 with a further $11 million entering the funds, capping a consistent run of positive flow days.
Funds from Bitwise, Franklin, and Grayscale led the inflow surge, according to data tracked by MEXC citing SoSoValue figures. The products have now recorded inflows in 11 of the last 13 trading days, underlining a steady build in institutional appetite for regulated XRP exposure.
The backdrop for this momentum includes a series of developments at @Ripple. The company closed a $200 million debt facility from funds managed by Neuberger Specialty Finance to support its Ripple Prime institutional brokerage platform. Ripple also completed a pilot tokenized US Treasury settlement on the XRP Ledger involving JPMorgan, Mastercard, and Ondo Finance, processing the redemption in under five seconds.
BTC and ETH ETFs Head in the Opposite Direction
The contrast with $BTC and $ETH products was stark. US spot Bitcoin ETFs recorded their largest weekly outflow in months during the week ending May 15, shedding a net $1 billion and snapping a six-week inflow streak, according to Crypto Times citing SoSoValue data. Outflows peaked on May 13, when $635 million left Bitcoin ETF products in a single session. Ethereum ETFs also extended their losing run, posting $255.11 million in outflows over the same week.
Some analysts attribute the sharp $BTC and $ETH reversals to macro headwinds, including hotter-than-expected producer price data and delayed expectations for Federal Reserve rate cuts. For $XRP, the divergence suggests that recent project-level catalysts, combined with the token's lower correlation to broader macro sentiment, helped insulate demand from the same selling pressure.
Sources:
CoinDesk: Spot XRP ETFs Attract Biggest Inflows Since January
Crypto Times: Bitcoin ETFs Post $1B Weekly Outflow

The @gigachad token on @solana has staged a notable recovery in May, drawing fresh attention to one of the more recognisable meme projects in crypto. $GIGA is up roughly 74% on the week and 151% on the month, according to CoinMarketCap data, pushing its market cap to nearly $47 million.
A Long Way From Its Peak
Despite the recent momentum, the broader picture remains sobering for longer-term holders. $GIGA is still down around 82% on the year, and the token sits far below the heights it reached in early 2025. Gigachad's all-time high of $0.09622 was reached on January 19, 2025. At that peak, Gigachad's all-time high of $0.09487 was reached on January 3, 2025, and the asset commanded a market cap well in excess of $740 million. The current valuation of roughly $47 million represents a fraction of that level.
GIGA is a meme token deployed on the Solana blockchain intended to honor Ernest Khalimov, the original "Gigachad," by utilising the strength of memes and "Chad" energy. GIGA is a community-run project, and its tokens can be traded on centralised crypto exchanges. The most popular exchange to buy and trade Gigachad is Coinbase Exchange, where the most active trading pair GIGA/USD has been among the most active in the meme coin segment.
Social Momentum and Structural Risks
The Gigachad meme has pre-existing, global cultural recognition, which the community leverages for onboarding new participants. Social metrics show the price is up sharply over the last month while social mentions have risen at a slower pace, suggesting attention could still accelerate. That dynamic has historically been a precursor to further retail-driven buying in the meme coin sector.
However, the risks are real. A report from April 2026 claims 94% of $GIGA supply is held in just 58 wallets, signalling extreme concentration and insider risk. The team has also been contending with copycat projects. The team has stated it has never acknowledged other coins using the brand, calling them copyright infringement. A key development is the formal involvement of Krista Sudmalis, the photographer behind the original Gigachad image, who is set to claim fees through the official @gigaernest account, aligning token revenue with the meme's real-world origin.
Overall, $GIGA should be viewed as a high-risk, speculative meme asset with potential for periodic rallies, but also with a meaningful chance of prolonged consolidation or underperformance if sentiment weakens. For now, the meme is back in conversation. Whether the price follows through is another question.
Sources:
Gigachad (GIGA) Price and Market Cap, CoinMarketCap
Gigachad Price and All-Time High Data, Coinbase
Gigachad Live Price Chart and Market Data, CoinGecko

@StellarOrg's decentralized finance ecosystem has undergone a remarkable transformation over the past two years, with on-chain data pointing to a network that is still gaining momentum.
From Single Digits to Nearly $200 Million
According to data from DefiLlama, $XLM's total value locked (TVL) has climbed from under $10 million in early 2024 to approximately $190 million today. The network hit an all-time high of nearly $206 million on April 23, 2026. That trajectory reflects what Messari described as "explosive 284% year-over-year growth", rising from $44.9 million at the end of 2024 to $172.6 million by the close of 2025.
Messari's State of Stellar Q1 2026 report noted that DeFi TVL on Stellar increased 1.1% quarter-on-quarter to $174.4 million, even as the price of XLM, which makes up roughly 70% of TVL, decreased 16.6% over the same period. The ability to hold TVL steady despite a weaker token price suggests genuine protocol-level demand rather than price-driven inflation of figures.
Lending protocol Blend has been a key contributor. Blend's TVL growth has been supported by an attractive APY on USDC deposits, which has consistently held above 8% in recent months, a very competitive rate compared to established protocols like Aave V3 and SparkLend, which have ranged between 2 and 5% APY.
Institutional Tailwinds Building
The TVL story is part of a broader expansion on Stellar. Stellar's real-world asset (RWA) market cap, excluding stablecoins, increased 91% quarter-on-quarter from $796 million to $1.52 billion at the end of Q1 2026, surpassing $2 billion on April 11. That growth was driven by government treasury assets, including Ondo's USDY and Spiko's EUTBL, USTBL, and UKTBL.
In November 2025, U.S. Bank announced it is testing the custom issuance of its own stablecoin on Stellar, citing the network's built-in clawback feature as key given its legal requirements for customer protections. That kind of institutional engagement points to a network increasingly being taken seriously beyond the retail DeFi space.
On the protocol development side, Stellar's 2026 roadmap includes expanding Soroban smart contract tools to attract institutional capital and cross-chain liquidity, with a major ecosystem conference, Meridian 2026, planned for Q3 to forge partnerships with banks and asset managers.
With TVL holding near record highs, RWA tokenization accelerating, and institutional infrastructure deepening, the question for the rest of 2026 is less whether Stellar's DeFi ecosystem can grow and more how fast that growth can compound.
Sources:
Messari: State of Stellar Q1 2026
DefiLlama: Stellar Chain Overview
Stellar.org: DeFi Is Happening on Stellar

@Strive (Nasdaq: $ASST) has cleared its balance sheet of all debt while growing its Bitcoin treasury to 15,009 $BTC, according to a quarterly SEC filing covering activity through May 12, 2026.
How Strive Got Here
The Dallas-based firm's Bitcoin stack grew through a combination of open-market purchases and the January 2026 all-stock acquisition of Semler Scientific. The transaction included the transfer of Semler's 5,048 BTC to Strive's balance sheet. On top of that, Strive bought 1,381 Bitcoin between April 1 and May 12 at an average price of about $76,524 per coin.
Retiring the debt inherited from the Semler deal was the other key piece. Strive had assumed $100 million of Semler Scientific's 4.25% convertible senior notes due 2030 during the merger, later exchanging $90 million into SATA preferred stock before repurchasing the remaining $10 million balance after quarter-end. As of May 12, 2026, Strive had no short- or long-term debt outstanding.
The clean-up of legacy Semler liabilities had been a stated priority. Strive had previously planned to retire the remaining $10 million of debt by April 2026, ahead of its original 12-month timeline.
Where Strive Stands in the Corporate Bitcoin Rankings
Strive's 15,009 BTC holding carries a NAV of approximately $1.2 billion, as of May 12, 2026. That puts the company at the 11th largest public corporate Bitcoin position in the world, now entirely unencumbered by debt.
Strategy remains in a different league. The Virginia-based firm led by Executive Chairman Michael Saylor held 818,334 BTC as of late April 2026, acquired at a cumulative cost of roughly $61.8 billion, making it the largest corporate Bitcoin holder in the world.
Strive describes itself as a structured finance company and institutional asset manager. With Bitcoin as its hurdle rate for capital deployment, the company aims to increase Bitcoin per share over time and manages more than $2.7 billion in assets through its SEC-registered subsidiary, Strive Asset Management, LLC.
The Q1 filing also showed the company raising $58.4 million in gross proceeds from Class A shares and $58.6 million from SATA shares between April 1 and May 12 through at-the-market issuances, signalling that accumulation is not slowing down.
Sources:
Bitcoin.com News: Strive Reports 15,009 Bitcoin, Zero Debt After Semler Merger
Bitcoin Magazine: Strive's Bitcoin Treasury Crosses 15,000 BTC
CoinDesk: Strive Clears Semler Debt, Buys More Bitcoin

OCC Opens Federal Door for Crypto Firms
The Office of the Comptroller of the Currency (OCC) has reinterpreted federal banking rules to offer crypto companies a path out of state-level oversight, granting national trust charter bank licenses that carry immunity from many state regulations. The move, reported by ICIJ, has drawn sharp criticism from consumer advocates and the traditional banking industry alike.
The OCC conditionally approved conversions from state trust companies to national trust banks for BitGo Bank and Trust, Fidelity Digital Assets, and Paxos Trust Company, alongside two de novo charters for First National Digital Currency Bank and Ripple National Trust Bank. Coinbase has also applied for a federal charter, with Bridge (owned by Stripe) and Crypto.com among other firms that have filed applications to become federally chartered banks.
A national bank charter can convey significant advantages, including the preemption of state banking laws in certain areas, access to the Federal Reserve payments system, and the license of federal supervision. However, national trust bank charters do not allow firms to take deposits, offer checking or savings accounts, or access FDIC insurance.
State Regulators and Banks Push Back
The shift is already producing friction at the state level. Coinbase had specifically asked federal authorities to intervene against Maine's anti-scam wallet verification rule, a move that illustrated how a federal charter can be used to challenge individual state consumer protection measures. Maine regulator Linda Conti put it bluntly: "Consumers do not even know this is coming."
Paxos's trajectory illustrates the stakes. On August 7, 2025, the NYDFS announced a $48.5 million settlement with Paxos Trust Company, concluding a multi-year investigation into the company's AML and due diligence practices. The NYDFS found that Paxos failed to conduct sufficient due diligence of its former partner, Binance, and had systemic failures in its anti-money laundering program. Months after that settlement, Paxos shed its New York state license in favor of a federal charter.
The traditional banking sector is equally alarmed. The Bank Policy Institute asserted that the OCC's action "leaves substantial unanswered questions," including whether the requirements outlined for applicants are appropriately tailored to the activities and risks in which the trusts will engage. The group signaled in March that it was considering legal action against the OCC over the move.
Banking trade groups have expressed concerns about charter arbitrage and the potential for trust banks to engage in bank-like functions without being subject to the full prudential regime applicable to federally insured depository institutions. Meanwhile, the Trump administration has been broadly supportive of integrating digital assets into the traditional financial system.
Sources:
OCC official press release on conditional national trust bank charter approvals
NYDFS press release on $48.5 million Paxos settlement
Axios: OCC conditionally approves 5 crypto firms for national trust bank charters

Polish lawmakers approved a Ministry of Finance-backed crypto bill 241-200 on Friday in a third attempt to bring the country under the EU's Markets in Crypto-Assets (MiCA) framework. President Karol Nawrocki has already vetoed two earlier versions of the legislation and is widely expected to block this one too.
What the bill does
Bill 2529 formally designates the Polish Financial Supervision Authority (@uknf) as the national competent authority for crypto-asset oversight. The legislation introduces a licensing regime for crypto-asset service providers (CASPs) and requires all CASPs, including exchanges, issuers, and custody providers, both domestic and foreign, to obtain a license to operate in Poland. The bill also gives the KNF powers to impose sanctions and temporarily block accounts and transactions.
Nawrocki's previous objections have centred on non-transparent domain-blocking mechanisms, the excessive length and complexity of the legislation compared with other EU implementations, and supervisory fees that critics say could hinder smaller companies and startups. His office has warned that the provisions could allow "one-click" domain shutdowns, an approach not taken by most EU countries. Critics note that the domain-blocking provisions in the latest draft remain largely unchanged from the vetoed versions, making another presidential rejection likely.
A ticking clock for Poland's crypto sector
Poland is the sole EU member state that has not passed domestic legislation implementing MiCA. All 26 other member states have either fully implemented or are in the final stages of implementing their national MiCA frameworks. Existing providers can continue under national transitional regimes until July 1, 2026, after which only fully MiCA-licensed entities can operate and passport their services across the EU. Without a domestic licensing framework, Polish firms cannot begin the formal authorisation process at home, while foreign competitors licensed elsewhere in the bloc can freely passport services into Poland.
Adding urgency to the political standoff, Zondacrypto, Poland's biggest crypto exchange, is at the centre of a prosecutorial fraud probe, with thousands of customers reported to be locked out of their funds. The case has intensified calls for tighter oversight and put fresh pressure on lawmakers to resolve the deadlock.
The regulatory uncertainty has prompted several local crypto firms to consider relocating to jurisdictions with clearer rules, including Latvia, the Czech Republic, Lithuania, and Malta. If Poland fails to designate a regulatory authority before July 1, domestic crypto firms may be forced to seek licenses abroad, potentially diverting significant tax revenue out of the country.
The bill now heads to the Senate for review before returning to Nawrocki's desk. With the government having put forward the legislation as a third attempt and the president showing no sign of backing down, Poland's crypto sector remains in limbo with weeks left on the clock.
Sources:
Cointelegraph: Poland Approves Crypto Bill Amid Looming MiCA Deadline
CoinGeek: Poland's Crypto Sector in Limbo as President Vetoes MiCA Bill Anew
Dudkowiak Law: Poland's Crypto-Asset Market Act Returns to the Sejm

Abu Dhabi's sovereign wealth fund @Mubadala Investment Company has raised its position in BlackRock's iShares Bitcoin Trust (IBIT), reporting ownership of 14,721,917 shares valued at $565,616,051 as of March 31, 2026, according to a 13F filing. That marks a 16% increase from the 12,702,323 shares the fund held at the end of Q4 2025. The share count rose even as the dollar value fell, a sign the fund was adding to its position while $BTC traded at lower prices during the quarter.
Six Consecutive Quarters of Accumulation
The disclosure extends a now-unbroken accumulation streak that began in Q4 2024, when Mubadala first disclosed bitcoin exposure worth at least $436 million. The fund added shares through a Q1 2025 filing that showed 8,726,972 shares at $408.5 million, then surged to 12.7 million shares worth $630.6 million by December 31, 2025, a 46% jump in a single quarter.
Mubadala manages a global portfolio exceeding $330 billion in assets across technology, healthcare, infrastructure, private equity, and public markets, with its mandate centered on generating returns for the Abu Dhabi government while reducing the emirate's dependence on oil revenues. Bitcoin, accessed through the regulated IBIT structure, has become one of the fund's most visible public market positions. As of Q4 2024, IBIT was already Mubadala's second-largest holding by a wide margin, trailing only a longer-term stake in Arm Holdings.
Abu Dhabi's Combined Bitcoin Exposure Tops $1 Billion
Al Warda Investments, an entity tied to the Abu Dhabi Investment Council, itself operating under the Mubadala umbrella, has also been building an IBIT position, reporting 8.2 million shares worth approximately $408 million at year-end 2025. Together, the two funds held more than $1 billion worth of bitcoin via IBIT at the end of 2025.
Al Warda operates under the Abu Dhabi Investment Council (ADIC), part of Mubadala Investment Co. The council has rarely taken public positions in listed digital assets, typically favoring private market investments such as buyouts, infrastructure, and real estate. Its growing allocation through a U.S.-listed bitcoin ETF signals a shift in institutional positioning within the Gulf.
Mubadala's exposure sits inside BlackRock's listed ETF rather than direct self-custody, an offshore fund, or a private trust. That makes IBIT part of the institutional plumbing for sovereign, pension, hedge-fund, and wealth-management allocations. The ETF wrapper gives large investors familiar custody, brokerage, reporting, and compliance rails. With six consecutive quarters of buying and Abu Dhabi's combined IBIT stake now among the largest sovereign positions in any U.S.-listed bitcoin product, the direction of travel from the Gulf appears clear.
Sources
Bitcoin Magazine: Abu Dhabi's Mubadala Raises Bitcoin ETF Stake 16% To $566 Million In Q1 2026
CoinDesk: Abu Dhabi Funds Bought the Bitcoin Dip as They Increased Exposure to BlackRock's IBIT
The Block: Abu Dhabi Funds Held Over $1 Billion of BlackRock's Bitcoin ETF at End of Last Year

@IREN_Ltd has closed a $3 billion convertible senior notes offering, one of the largest capital raises yet by a publicly traded Bitcoin miner pursuing an aggressive buildout of AI infrastructure. The notes carry a 1% coupon, mature in 2033, and generated net proceeds of $2.96 billion after fees and expenses. The message embedded in the deal is hard to miss: IREN is no longer a Bitcoin miner in any meaningful sense.
A War Chest Aimed at AI, Not Mining Rigs
IREN closed the private offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 to qualified institutional buyers under Rule 144A, including a fully exercised $400 million greenshoe. IREN plans to use $201.3 million to fund capped call transactions, with the remainder set aside for working capital. The capped calls are structured to limit dilution for existing shareholders.
The capital lands on top of two transformative commercial agreements already on the books. IREN signed a multi-year agreement with Microsoft valued at approximately $9.7 billion to deliver GPU cloud infrastructure powered by Nvidia GB300 GPUs. The five-year contract includes a 20% prepayment and is expected to contribute roughly $1.94 billion in annualized run-rate revenue once fully commissioned. The GPUs are being deployed at IREN's 750MW campus in Childress, Texas.
Then, in early May, IREN signed a five-year AI infrastructure cloud services contract with Nvidia valued at approximately $3.4 billion, granting Nvidia access to managed GPU cloud services using air-cooled Blackwell systems across around 60MW at the Childress campus. The broader partnership calls for support for up to 5 gigawatts of Nvidia DSX-branded infrastructure, with Nvidia receiving a five-year right to purchase up to 30 million IREN shares at $70 each.
The Exit From Bitcoin Mining Takes Shape
The financing further cements IREN's transition from a pure-play Bitcoin miner into an AI cloud and hyperscale infrastructure operator. Bernstein expects IREN to fully exit native Bitcoin mining by 2030. Adjusted EBITDA has already been pressured by the decommissioning of mining hardware ahead of GPU installation, reflecting the real-world cost of that transition.
IREN reported $3.1 billion in annualized recurring revenue under contract and is targeting $3.7 billion by the end of 2026, a figure that includes expected Microsoft and Nvidia contract revenue alongside GPU deployments not yet generating revenue. Co-CEO Daniel Roberts has described the global landscape as "structurally short compute," pointing to data center and GPU capacity as the key bottleneck. With $3 billion now in hand, IREN is positioning itself to be a primary beneficiary of that shortage.
Sources:
IREN Closes $3.0 Billion Convertible Notes Offering (Globe Newswire via Yahoo Finance)
IREN Signs $9.7 Billion Agreement with Microsoft (IREN Official Blog)
IREN Inks AI Infrastructure Deal with Nvidia (CNBC)

@Lombard_Finance is migrating more than $1 billion in bitcoin-native assets to @chainlink's Cross-Chain Interoperability Protocol (CCIP), fully deprecating LayerZero across Solana, Etherlink, Berachain, Corn, and TAC. The migration covers both $LBTC and BTC.b, making Lombard the fifth significant protocol to exit LayerZero since April.
A Wave of Departures Since the Kelp Exploit
The exodus traces back to an April 18, 2026 exploit that drained roughly $292 million from KelpDAO, triggering security reviews across DeFi bridging infrastructure. LayerZero attributed the attack to North Korea's Lazarus Group, which compromised internal RPC nodes and DDoS'd external ones to forge a cross-chain message. LayerZero and Kelp subsequently disputed who bore responsibility for the single-verifier configuration that made the attack possible.
Following the incident, Kelp DAO abandoned LayerZero's OFT framework and transitioned its rsETH restaking infrastructure onto Chainlink CCIP. Solv Protocol then announced it would fully migrate more than $700 million in tokenized Bitcoin assets, including SolvBTC and xSolvBTC, away from LayerZero, standardizing cross-chain operations entirely through Chainlink CCIP. Re.xyz, Kraken's kBTC, and now Lombard have since followed. Coinbase had already designated CCIP as the sole bridge for around $7 billion in wrapped token assets the prior year.
Three weeks after the exploit, LayerZero admitted its single-verifier setup was a mistake, apologized for its response, and announced security upgrades, but the departures continued regardless.
Why Protocols Are Choosing CCIP
The shift coincides with Chainlink Labs' SOC 2 Type 2 examination, completed by Deloitte and Touche LLP in April, which validated the operating effectiveness of CCIP's security controls over an extended period, making Chainlink the only oracle platform to hold this certification tier. Re.xyz specifically cited CCIP's architecture as the deciding factor: decentralized oracle networks, 16 independent validator nodes, built-in rate-limit protections, and SOC 2 Type 2 status.
Johann Eid, Chief Business Officer at Chainlink Labs, told CoinDesk that "the industry's largest protocols are realizing they can no longer rely on cross-chain and oracle infrastructure that push liability onto users." A Chainlink spokesperson noted that over $3 billion in TVL had already flowed to Chainlink in recent weeks before the Lombard announcement. With Lombard's $1 billion-plus transfer now added, the total has crossed $4 billion.
Sources:
CoinDesk: Solv Protocol drops LayerZero for Chainlink CCIP in $700M tokenized bitcoin migration
The Block: Chainlink CCIP gains over $2.5B in TVL from protocols migrating from LayerZero
CoinDesk: LayerZero says it made a mistake in $292M Kelp exploit

Amundi and Spiko Bring Tokenized UCITS to the Blockchain
@Amundi_ENG, Europe's largest asset manager, and tokenized fund platform @Spiko_finance have jointly launched the Spiko Amundi Overnight Swap Fund (SAFO), a regulated UCITS product designed for institutional and corporate treasury management. SAFO is a tokenized UCITS fund designed for corporate treasury and collateral management.
Amundi is Europe's largest asset manager with €2.4 trillion in assets under management. SAFO is regulated by the French Financial Markets Authority (AMF), issued and operated on the Spiko infrastructure. It uses fully collateralized total return swaps with Tier 1 banking counterparties, starting with BNP Paribas, to deliver stable yields above risk-free benchmarks with overnight liquidity.
The product is available in four currencies at launch, with subscriptions starting from just 1 EUR, USD, GBP, or CHF. It offers real-time transparency on the shareholder register, 24/7 transferability, flexible custody options, and programmatic access via API or smart contracts.
Blockchain Infrastructure and Market Context
Note: While the original announcement references a Solana deployment, multiple independent sources confirm that SAFO's shareholder register is hosted on Ethereum and Stellar, with Chainlink providing on-chain NAV oracle infrastructure. Amundi and Spiko have indicated plans to expand to additional networks based on investor demand.
Amundi serves as delegated investment manager, while CACEIS acts as depositary bank and fund administrator. Spiko handles transfer agency, tokenization infrastructure, and brokerage for the fund shares.
A tokenized fund that is also UCITS-compliant can be distributed across the EU without additional regulatory approval in each member state. That passporting advantage means SAFO's potential distribution footprint is not limited to a single market.
In February, Spiko said it had surpassed $1.03 billion in assets under management across its products, with more than 3,300 active clients and over 92% of assets coming from business users. The launch also marks a wider shift in institutional finance: distributed tokenized asset value stood at $27.3 billion as of March 19, up 9% over the prior 30 days, according to RWAxyz.
The launch adds another tokenization step for Amundi, which in December 2025 introduced its first tokenized share class for its Amundi Funds Cash EUR money market fund on Ethereum in partnership with CACEIS.
Sources:
Spiko: SAFO Launch Announcement
Ledger Insights: Amundi and Spiko Launch Tokenized Overnight Swap Fund
The Defiant: Amundi Launches Tokenized Swap Fund on Ethereum and Stellar

Coinbase's @Base Layer 2 network has posted a sharp rise in total value locked (TVL), surging 17.33% in a single 24-hour window to more than $5.57 billion, according to data from DefiLlama. The move cements Base's position as the sixth-largest blockchain by TVL and puts clear distance between it and the rest of the L2 field in terms of daily growth.
Base Pulls Ahead of the L2 Pack
No other blockchain ecosystem matched Base's pace of growth over the same period, underlining the network's momentum heading into the second half of 2026. The milestone builds on a longer-running trend. According to a 2026 Digital Assets Outlook report published by The Block, TVL on Base rose from $3.1 billion in January 2025 to a peak above $5.6 billion, accounting for roughly 46.6% of all L2 DeFi TVL, reflecting what has been largely uninterrupted growth since the network launched. Base's structural advantage is partly tied to its parent company: as Bitget noted in a prior analysis, Base leads in revenue among L2 networks, boasts the deepest DeFi TVL in the sector, and continues to receive on-chain user traffic from Coinbase, a distribution edge that rivals find difficult to replicate.
Uniswap Powers the DEX Surge
Alongside the TVL jump, DEX volume on Base climbed 5% over the same 24-hour period, with @Uniswap identified as the primary driver. That aligns with a broader pattern on the network. The Defiant reported earlier this year that accelerated activity on Base deployments of Uniswap and Aerodrome drove Base's weekly DEX volume to roughly $16.5 billion, pushing the chain past Ethereum and BNB Smart Chain for the first time. @Uniswap's grip on Base is significant: one analysis noted that Base contributes about 50% of Uniswap's revenue, given fragmentation across chains, making the two ecosystems increasingly intertwined.
The latest data points to a DeFi ecosystem on Base that is attracting real, sustained capital rather than short-cycle incentive farming. With TVL now above $5.57 billion and DEX activity trending upward, the network appears to be consolidating its lead as the dominant Ethereum Layer 2 for decentralized finance activity.
Sources:
DefiLlama: Base Chain TVL and DeFi Data
The Defiant: Base Overtakes Ethereum and BNB Chain in DEX Volumes
The Block: 2026 Layer 2 Outlook

Payward, the parent company of crypto exchange @krakenfx, has cut around 150 jobs as part of a restructuring drive ahead of a planned public listing. The move is the latest in a series of workforce reductions tied to the firm's push toward US public markets.
Leaner Structure, Bigger Ambitions
In a statement, a Kraken spokesperson framed the cuts as routine optimization: "As a high performance culture, we continually evaluate and evolve our organization to ensure we have the right structure and talent in place to optimize growth and deliver for our clients." The latest round follows an earlier wave of reductions. The restructuring began in late 2024 with the dismissal of around 400 employees, roughly 15% of its workforce, following the appointment of co-CEO Arjun Sethi. According to Reuters, the layoffs are part of a broader effort to streamline operations and improve earnings before interest, taxes, and amortization. This process reportedly began with the appointment of Sethi and has continued in the months since.
Payward confidentially filed a draft S-1 registration statement with the US Securities and Exchange Commission on November 19, taking an initial step toward a potential public listing. CoinDesk reported in March that the company had paused its IPO plans due to weak market conditions, though sources said the firm still intends to pursue a listing once conditions become more favorable. At the Consensus conference in Miami, co-CEO Arjun Sethi said the exchange is "80% ready" to go public.
Fresh Capital and an M&A Push
Payward is also raising new capital at a $20 billion valuation, according to two people with knowledge of the matter. Most recently, it bought stablecoin-focused payments firm Reap for $600 million and digital asset derivatives platform Bitnomial for $550 million as it continues to scale up ahead of a planned IPO. Those deals follow Kraken's acquisition of NinjaTrader for $1.5 billion, announced in early 2025, which gave the exchange a significant foothold in US derivatives markets.
The $20 billion number is not without complication. In April, German exchange operator Deutsche Boerse bought a 1.5% fully diluted stake in Payward for $200 million, a secondary transaction that implied a valuation closer to $13.3 billion. The gap reflects the broader difficulty of pricing crypto infrastructure companies during periods of uneven market sentiment.
Payward's acquisition strategy, expanding from spot trading into derivatives, payments, custody, and tokenization infrastructure, is aimed at building the kind of diversified, recurring revenue base that public-market investors prefer. Whether the current round of restructuring and dealmaking is enough to satisfy those investors will become clearer when Payward eventually makes its market debut.
Sources:
CoinDesk: Kraken Owner Payward Trims Workforce Ahead of Potential IPO
CoinDesk: Kraken Parent Payward Seeks Fresh Funding at $20 Billion Valuation
CoinDesk: Payward Puts IPO Plans on Hold

Hana Bank has agreed to buy a 6.55% stake in Dunamu, the operator of Upbit (@Official_Upbit), for about 1 trillion won, or roughly $670 million. The deal, approved by Hana's board on Friday, is the largest crypto-related investment ever made by a South Korean commercial bank, and it puts one of the country's Big 4 lenders on the cap table of the company behind Korea's dominant exchange.
The transaction is a cash purchase of 2,284,000 Dunamu shares from Kakao Investment, which will see its stake drop from 10.58% to around 4.03%. Closing is set for June 15.
Who owns Dunamu now?
Once the deal settles, Hana will be Dunamu's fourth-largest shareholder. The top of the ownership stack stays unchanged:
Founder and Chair Song Chi-hyung, 25.51%
Vice Chair Kim Hyoung-nyon, 13.1%
Woori Technology Investment, 7.2%
Hana Bank, 6.55%
The buy uses only about 2.78% of Hana Bank's equity. Kakao Investment's partial sale yields the IT conglomerate roughly a 300x return on the 35.5 billion won it first invested in Dunamu after the exchange launched in 2012.
Why is a bank buying an exchange operator?
Hana isn't treating this as a passive equity bet. Alongside the share purchase, the two companies signed a memorandum of understanding covering won-backed stablecoin development, blockchain remittances, and a joint wealth management product that ties Upbit into Hana Financial's fund, pension, and trust infrastructure.
The remittance piece is already operational. Hana and Dunamu completed a SWIFT-style proof of concept on Dunamu's proprietary Giwa Chain (@GIWA_by_Upbit) in February, then signed a three-way deal with POSCO International in April to test cross-border settlements on live commercial flows.
In a statement from Hana Financial Group, Chairman Ham Young-joo framed the deal as a strategic push to build a "K-blockchain ecosystem" and accelerate domestic digital asset innovation.
What about the pending Naver merger?
Hana's entry lands in the middle of a separate structural shake-up at Dunamu. Naver announced in November 2025 that it would acquire Dunamu in an all-stock deal, originally targeting a mid-2026 closing.
That timeline has since slipped. After the Fair Trade Commission's antitrust review ran past its initial deadline, Naver Financial and Dunamu pushed the shareholder vote from May 22 to August 18, with the share swap now planned for September 30. The pending Digital Asset Basic Act has added further uncertainty to the deal structure.
The revised timeline still puts Hana on the books before the Naver vote, adding a Big 4 bank to the shareholder mix as one of the largest fintech deals in Korean history grinds through regulatory review.
How did the market react?
Korean retail did what Korean retail tends to do: pile into $XRP. The XRP/KRW pair on Upbit saw more than $330 million in 24-hour volume after the announcement, topping $BTC at around $217 million and $ETH at around $109 million on the same venue. XRP briefly took the top spot on Upbit's volume charts.
The regulatory backdrop
The buy comes with a ceiling already in place. In March, South Korea introduced a 20% ownership cap on crypto exchanges, including Upbit and Bithumb, which limits how deeply any single institution can embed itself in the sector. Regulators have also eased rules on the other side, with listed Korean companies now allowed to allocate up to 5% of their equity to digital assets. The pending Digital Asset Basic Act is expected to formalize stablecoin issuance rules, giving banks a clearer legal lane to operate in.
Hana is not the only Korean financial group moving into exchange equity either. Mirae Asset Consulting agreed in February to buy a 92.06% stake in Korbit for roughly $93 million, and Woori Bank partnered with MoonPay in April on a won-backed stablecoin. On the same day Hana announced its Dunamu deal, Yonhap reported that Korea Investment & Securities and global exchange OKX are in talks to each acquire about 20% of Coinone, mainly through new share issuance.
For Hana, the spend is a small fraction of equity for a large foothold in the country's most active retail crypto venue, with optionality attached to stablecoin issuance, remittance rails, and tokenized products. For Upbit, it adds a major lender to the shareholder base at the exact moment Korea's digital asset rulebook is being rewritten. The read from Seoul is straightforward: banks aren't just forming compliance partnerships with exchanges anymore; they're buying stakes in them.
Sources:
Bloomberg Breaking confirmation of the 1 trillion won deal and Hana Financial Group statement.
Blockhead Shareholder breakdown, MOU terms, and Kakao return figures.
Cointelegraph OKX and Korea Investment & Securities Coinone talks, Mirae Asset/Korbit context.
Seoul Economic Daily Naver-Dunamu merger postponement details and FTC review context.
Korea Herald Earlier Hana-Dunamu MOU on blockchain remittance and Giwa Chain background.

A previously dormant on-chain wallet identified as 0x519c has re-emerged with a striking bearish wager on Hyperliquid's native token $HYPE, opening a 10x leveraged short position worth $7.62 million, according to data flagged by @BSCNews via Hypurrscan.
The entity deposited 8.8 million $USDC to fund the trade, which targets 175,082 $HYPE tokens. The size and leverage of the position mark it as one of the more significant speculative bets placed against $HYPE during its 2026 price surge.
A Bearish Bet Against a Rising Asset
The timing is notable. $HYPE surged 44% in Q1 2026, significantly outperforming major cryptocurrencies, drawing both bullish accumulation and, as this position illustrates, high-conviction bearish plays. The token is currently trading around $40.27, having pulled back from highs seen earlier in the year.
The move by wallet 0x519c is not without precedent on the platform. Large leveraged shorts against $HYPE have appeared throughout 2026. A $14 million short position was also opened by a prominent trader using 5x leverage in April, reflecting a recurring pattern of bearish positioning amid the token's rally.
Hyperliquid's Growing Profile Attracts Whale Attention
Hyperliquid is a layer one blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX, the ecosystem supports borrowing, lending, real world assets, and a full Ethereum Virtual Machine. That expanding infrastructure has drawn significant on-chain activity from large wallets on both sides of the market.
Coinbase was appointed the official USDC treasury deployer on Hyperliquid on May 14, 2026, a development that deepens institutional ties to the protocol and underscores how quickly its ecosystem is maturing. Against that backdrop, the 0x519c short position stands out as a clear contrarian view, one that will need a meaningful price decline in $HYPE to pay off given the 10x leverage employed.
As always with leveraged on-chain positions, the risk cuts both ways. A squeeze or sustained buying could rapidly erode the position, while a breakdown in price would validate the whale's thesis.
Sources
Coinbase: Hyperliquid (HYPE) Price and Market Data
CoinGecko: Hyperliquid (HYPE) Overview
KuCoin News: HYPE Price Falls Amid Bearish Pattern and Whale Short

Broad Selloff Erases $1 Trillion in a Single Session
US equity markets took a sharp hit on May 15, 2026, as a sudden intra-day liquidation event wiped out roughly $1 trillion in combined market capitalization across major indexes. The selloff was swift and broad-based, catching institutional and retail investors alike.
The $SPX fell 1.05%, erasing an estimated $790 billion in market value. The Nasdaq slid 1.4%, accounting for a further $500 billion in losses. Small-cap stocks bore a disproportionate share of the pain, with the Russell 2000 shedding 1.59% and stripping approximately $68 billion from its valuation.
Geopolitical Uncertainty and Rate Fears Drive the Pressure
The session took place against a difficult macro backdrop. Stocks stumbled early, hurt by sudden pressure on the high-flying tech sector as crude oil and yields climbed, with the 10-year Treasury note yield spiking nine basis points to 4.55%, the highest in a year, indicating rising concerns about war-related inflation and possible rate hikes.
The early moves could partly reflect disappointment over a lack of progress on the Iran conflict coming out of President Trump's meetings with Chinese President Xi, and worries that hostilities might resume. May 15 also marked the final day of Jerome Powell's tenure as Federal Reserve chair, with Kevin Warsh preparing to take over at a particularly sensitive moment for monetary policy.
As of the morning session, the probability of a Fed rate hike sometime in 2026 climbed to 45% according to the CME FedWatch Tool. Just a month ago, the chances of any hike in 2026 stood at just 1%, but the failure to resolve the conflict or bring down oil prices has put inflation back at the center of investor concerns.
The selloff represents one of the most significant single-session tests for the 2026 rally, which had carried the $SPX to its first-ever close above 7,500 just the prior session. The bull market is now more than three years old , and leadership remains narrow beneath the surface, with a relatively small group of stocks doing much of the heavy lifting. Narrow rallies can persist, but they also tend to leave the market more vulnerable if leadership begins to fade.
Institutional desks reported heavy sell-side pressure, with metals also taking a hit alongside equities. Copper fell 4.2%, gold dropped 2.7%, and silver was down nearly 8%.
Sources:
Charles Schwab Market Update, May 15, 2026
U.S. Bank Asset Management: Is a Market Correction Coming? (May 2026)

Sui Network (@SuiNetwork), incubated by Mysten Labs (@Mysten_Labs), unveiled Sui Spheres on May 14, controlled execution environments built for banks, asset managers, and enterprises that need privacy, predictable costs, and governance while still plugging into the public Sui chain for liquidity and settlement. The launch positions Sui as a hybrid layer-1 for capital markets workflows that have struggled to fit on either fully public or fully private blockchains.
The Sui Foundation (@SuiFoundation) framed the launch as a direct response to institutional feedback. "Institutions want shared infrastructure. They don't want full transparency, unpredictable costs, or crypto-native UX. That's been the blocker," the official SuiNetwork account posted alongside a 61-second team explainer.
What Are Sui Spheres?
Spheres are not an extension of the public network. They are separate execution environments in which selective visibility, restricted participation, and custom performance and cost models are first-class features. Each Sphere functions as a private, governed workspace where authorized participants execute multi-party workflows, but the environment can selectively connect outward to the broader Sui ecosystem.
That outward connection is the differentiator. Workflows stay inside the Sphere by default. Settlement, liquidity, and interoperability are available on demand without forcing institutions to migrate data or assets onto the public chain.
Why Does the Hybrid Model Matter?
Banks and trading firms have largely sat out public chains because of three frictions:
Full transparency exposing strategies
Gas volatility wrecking cost modeling
User experience that assumes crypto-native operators
Fully private chains solve those problems but create silos that lose the network effects institutions actually want.
Sui's pitch is that Spheres close that gap. Governance is role-based, and visibility is selective. Performance and pricing are configurable rather than dictated by mempool conditions. The link to the public Sui chain stays intact when an institution wants to tap external liquidity or settle against an on-chain counterparty.
Which Use Cases Are in the Crosshairs?
The Sui Foundation called out four areas where Spheres are designed to fit:
Securities lending and repo
Collateral and margin management
Multi-party marketplaces
Cross-organization coordination systems
These are workflows where multiple counterparties already coordinate today through legacy infrastructure or bespoke private networks. The Sphere model targets them directly rather than chasing retail-facing applications. The blog post also flags emerging agent-based coordination as a longer-term target.
How Far Along Is the Rollout?
The product is in early development with a small group of design partners across capital markets and enterprises. No public timeline for general availability was given. The Foundation issued an open call for additional design partners, saying, "If you're building in this space, get in touch."
Sui's team published a YouTube walkthrough alongside the announcement, featuring engineers describing the architecture. The early-access framing matches how other layer-1s have approached institutional rollouts, with controlled onboarding before broader release.
What Does the Launch Signal for SUI?
Spheres land while Sui already has growing institutional traction. SUI-linked investment products have launched on multiple exchanges, and the chain has partnerships in real-world assets and stablecoins. Native private transactions are already part of the base protocol, which suggests Spheres are an architectural extension rather than a bolt-on.
The competitive context is worth noting. Hedera's Hashsphere, which ran pilots through 2025 and recently reached general availability, occupies similar territory. Sui's differentiator is live interoperability with a high-throughput public chain that already hosts DeFi liquidity and consumer applications.
Spheres do not change $SUI tokenomics, supply, or staking directly. The bet is that institutional usage pulls volume, fees, and assets through the public chain over time, with the token capturing value from settlement and bridge activity rather than from direct Sphere operations.
Sources:
Sui Foundation Official blog post introducing Sui Spheres and the controlled execution environment model
Sui Network on X Announcement thread with 61-second team explainer video
Sui Foundation on YouTube Team walkthrough of the Sphere architecture
Hashgraph Hedera's Hashsphere private network, used for competitive context

$xSGD Clears $1.1B on Polygon
@StraitsX's Singapore dollar stablecoin, $xSGD, has crossed $1.1 billion in cumulative on-chain volume on the @0xPolygon network, according to real-time data cited by the project. The milestone marks a notable step for non-USD stablecoins, which have historically struggled to gain traction against dollar-denominated alternatives in on-chain markets.
$xSGD dominates the market with over 70% share of non-USD stablecoins across Southeast Asian exchanges combined , making the Polygon volume figure a meaningful signal of deepening regional liquidity rather than a one-off spike. The data points to rising velocity in stablecoin pairs outside the traditional USD corridor, particularly within trade finance flows across the Asia-Pacific region.
StraitsX's Broader Ambitions in Southeast Asian Digital Finance
StraitsX operates as the stablecoin-native settlement layer driving global finance and holds a Major Payment Institution licence from the Monetary Authority of Singapore. As the issuer of XUSD and $xSGD, the company leverages blockchain technology to drive payments interoperability while offering tools for liquidity management and cross-border transactions.
$xSGD is already live on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRPL , underscoring a deliberate multi-chain strategy designed to capture institutional and retail flows across multiple settlement rails. Together, $xSGD and its US dollar counterpart XUSD have processed over $18 billion in on-chain transaction volume, reflecting strong adoption among users, developers, and institutional partners.
The $1.1 billion Polygon milestone arrives as @StraitsX expands aggressively across the region. An expanded payment network slated for go-live in Q2 2026 aims to establish a unified payment corridor linking Southeast Asia and Northeast Asia, allowing users in Japan and Taiwan to make payments across participating merchant networks in Southeast Asia, with all cross-border transactions settled in $xSGD behind the scenes.
The momentum behind $xSGD reflects a broader shift in how regional stablecoins are being deployed. Rather than serving purely as crypto trading instruments, regulated stablecoins like $xSGD are playing an increasingly important role in institutional settlement, trade finance, and digital payments across Asia-Pacific economies. With the second half of 2026 approaching, @StraitsX appears well-positioned to consolidate its standing as the leading issuer for Southeast Asian digital asset flows.
Sources
StraitsX: XSGD and XUSD Solana Expansion (StraitsX Official Blog)
StraitsX: Extending Payment Network Across Asia (StraitsX Official Blog)
CoinDesk: StraitsX to Debut Singapore and US Dollar Stablecoins on Solana

@Tempo, the payments-focused Layer 1 blockchain incubated by @Stripe and @Paradigm, has officially integrated @Chainlink's Cross-Chain Interoperability Protocol (CCIP) to bring @Coinbase Wrapped BTC ($cbBTC) to its network for the first time. The move gives institutional and enterprise users on Tempo access to more than $5 billion in circulating Bitcoin-backed liquidity.
$cbBTC is a token backed 1:1 by native Bitcoin held by Coinbase in custodial solutions, including cold storage. It is designed to work across DeFi applications, enabling use cases such as lending, collateralisation, and yield generation without requiring holders to sell their underlying Bitcoin.
Security at the Infrastructure Level
The integration leans heavily on institutional-grade security standards. Each bridge lane is backed by ISO 27001 certifications and 16 independent, security-reviewed node operators per lane. Native rate limits function as circuit breakers on each lane, providing an additional safeguard against abnormal outflows or exploits during cross-chain transfers.
Chainlink CCIP serves as the exclusive bridging infrastructure for Coinbase Wrapped Assets more broadly. The protocol has already supported significant transaction volume across the industry, making it a familiar choice for teams prioritising audited, standardised cross-chain infrastructure over custom bridge solutions.
Tempo's Growing Institutional Footprint
Tempo launched its mainnet in March 2026 after a public testnet that began in late 2025. The chain is purpose-built for stablecoin-denominated payments, offering sub-second finality and EVM compatibility built on Paradigm's high-performance Reth client. The project raised $500 million in a Series A round at a $5 billion valuation, with participation from Thrive Capital and Greenoaks.
The $cbBTC integration expands Tempo's asset base beyond stablecoins, positioning the network as a destination for Bitcoin-backed DeFi activity. Enterprises and institutions can now access $cbBTC on Tempo for earn products, lending markets, BTC-backed credit, and trading, according to the official announcement.
The integration follows a pattern Tempo has established since mainnet launch, including the native issuance of the WLFI USD1 stablecoin on the network earlier this month, underscoring the chain's ambition to serve as a broad institutional settlement layer rather than a single-asset platform.
Sources:
Crypto Times: World Liberty Financial Launches USD1 on Tempo L1
Crypto News: Chainlink Connects Coinbase cbBTC to Monad DeFi
CoinGecko: Coinbase Wrapped BTC ($cbBTC) Market Data

@Avax_one Technology Ltd. (NASDAQ: AVX) is building what it calls a new model for the digital asset treasury, pairing a large $AVAX holdings position with an operating AI and high-performance computing (HPC) data center business to generate cash flow alongside on-chain yield.
Revenue More Than Doubles in Q1 2026
Preliminary Q1 2026 revenue came in at approximately $2.4 million, more than double the sequential quarter. The increase was primarily driven by higher Avalanche staking rewards and Bitcoin mining revenue. The company uses data center cash flows to fund continued $AVAX accumulation without diluting existing equity holders.
The company has expanded its Avalanche digital asset treasury to approximately 14.0 million $AVAX, with over 90% actively staked, generating a roughly 6% annualized yield. AVAX One is also reporting a total cash balance of $27.2 million, providing more than adequate liquidity to fund operating costs for more than three years without liquidating any of its digital assets.
Management reiterated 2026 guidance, with revenue scenarios ranging from $11 million to $12 million and EBITDA from $2 million to $3 million at current crypto price assumptions, rising to $43 million to $44 million under higher price scenarios.
Moving Into AI and HPC Infrastructure
AVAX One has confirmed the underlying infrastructure model that distinguishes its approach from grid-dependent competitors: fully behind-the-meter natural gas power generation, purpose-built for high-performance compute deployment. The company executed a Letter of Intent to develop an initial 10 MW Tier 3-ready AI/HPC powered land site in Alberta, with expected readiness for end-client deployment in Q1 2027, marking its formal expansion into data center infrastructure.
The company builds power-first, modular data centers in energy-advantaged regions, leveraging behind-the-meter generation and microgrid design to deliver reliable, cost-efficient compute capacity. Its powered land model eliminates grid dependency and delivers pre-energized, Tier 3-ready sites on accelerated timelines unavailable through traditional utility-connected development.
Alberta has emerged as a prime North American location for AI data centers, driven by abundant low-cost natural gas, supportive government policies, a cold climate that aids server cooling, and a deregulated electricity market. Building on the initial 10 MW site, the company confirmed it is in active evaluation of additional Western Canada locations targeting a range of 5 MW to 50-plus MW per site.
AVAX One says it is building exposure to both sides of the infrastructure stack: physical infrastructure through modular AI and HPC data centers, and digital infrastructure through its Avalanche $AVAX treasury and ecosystem participation.
Sources:
AVAX One Q1 2026 Preliminary Financial Results (GlobeNewswire)
AVAX One Advances Alberta AI/HPC Powered Land Program (GlobeNewswire)
AVAX One Reports Preliminary Revenue Growth (Yahoo Finance)