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Article
Why Yat Siu Rejects the MetaverseAnimoca Brands chairman Yat Siu told Consensus Miami 2026 that the metaverse is over as a consumer destination, and that 100 billion AI agents will become blockchain’s primary users.
Summary
Yat Siu said the pandemic-era vision of humans living in virtual worlds was wrong, and that the metaverse was a proof of concept for AI agent infrastructure rather than a consumer product.
He predicted 50 to 100 billion AI agents will eventually operate on the internet, outnumbering humans and transacting autonomously on blockchain networks.
Animoca announced a $10 million investment initiative for developers building AI agent applications through its Animoca Minds platform.
Animoca Brands chairman Yat Siu told Consensus Miami 2026 on Thursday that the metaverse, as the crypto industry imagined it during the pandemic, was never really built for humans.
“Where we’re landing is that the metaverse, the blockchain-based one, was really the proof of concept for agents,” he said. “In other words, it was never really destined for humans as a prime consumer.”
The remarks mark a clean break from Animoca’s earlier positioning. The firm was among the most prominent advocates of the pandemic-era metaverse vision, which assumed users would spend growing amounts of their social and economic lives in immersive virtual environments.
Siu attributed that misconception to the distorting conditions of COVID lockdowns, when it seemed remote digital life would become permanent. “Everyone thought, ‘Oh, we’re going to be at home, and we’re never going to travel as much anymore,'” he said. “Which, of course, turned out to be quite the opposite.”
You might also like: Core Scientific dumps bitcoin to fund AI shift
What comes next: the agent economy
Siu’s new thesis is that blockchain’s most scalable user base will not be humans but autonomous AI agents. “I think the point is that it’s going to be more agents than humans,” he said, estimating 50 to 100 billion agents could eventually operate on the internet.
On current population math, 10 to 20 agents per human produces between 70 and 140 billion agents globally. “Blockchain technology is the ideal financial system for machines,” Siu said. “We, the humans, were basically the guinea pigs.”
The argument centres on a practical problem that has limited crypto’s reach. Approximately 700 to 800 million people globally own some form of cryptocurrency, but as crypto.news reported, fewer than 70 million actively use blockchain applications, largely because the technology remains too complex for mainstream consumers. AI agents do not face that barrier.
They interact directly through code, require no traditional banking infrastructure, and can transact autonomously on-chain. As part of the pivot, Animoca announced a $10 million initiative for developers building AI agent applications through its Animoca Minds platform, framing agents as its next major investment category after the metaverse era closes.
Read more: Core Scientific shares slip as Q1 loss offsets revenue growth
Why Yat Siu Rejects the Metaverse
Animoca Brands chairman Yat Siu told Consensus Miami 2026 that the metaverse is over as a consumer destination, and that 100 billion AI agents will become blockchain’s primary users.
Summary
Yat Siu said the pandemic-era vision of humans living in virtual worlds was wrong, and that the metaverse was a proof of concept for AI agent infrastructure rather than a consumer product.
He predicted 50 to 100 billion AI agents will eventually operate on the internet, outnumbering humans and transacting autonomously on blockchain networks.
Animoca announced a $10 million investment initiative for developers building AI agent applications through its Animoca Minds platform.
Animoca Brands chairman Yat Siu told Consensus Miami 2026 on Thursday that the metaverse, as the crypto industry imagined it during the pandemic, was never really built for humans.
“Where we’re landing is that the metaverse, the blockchain-based one, was really the proof of concept for agents,” he said. “In other words, it was never really destined for humans as a prime consumer.”
The remarks mark a clean break from Animoca’s earlier positioning. The firm was among the most prominent advocates of the pandemic-era metaverse vision, which assumed users would spend growing amounts of their social and economic lives in immersive virtual environments.
Siu attributed that misconception to the distorting conditions of COVID lockdowns, when it seemed remote digital life would become permanent. “Everyone thought, ‘Oh, we’re going to be at home, and we’re never going to travel as much anymore,'” he said. “Which, of course, turned out to be quite the opposite.”
You might also like: Core Scientific dumps bitcoin to fund AI shift
What comes next: the agent economy
Siu’s new thesis is that blockchain’s most scalable user base will not be humans but autonomous AI agents. “I think the point is that it’s going to be more agents than humans,” he said, estimating 50 to 100 billion agents could eventually operate on the internet.
On current population math, 10 to 20 agents per human produces between 70 and 140 billion agents globally. “Blockchain technology is the ideal financial system for machines,” Siu said. “We, the humans, were basically the guinea pigs.”
The argument centres on a practical problem that has limited crypto’s reach. Approximately 700 to 800 million people globally own some form of cryptocurrency, but as crypto.news reported, fewer than 70 million actively use blockchain applications, largely because the technology remains too complex for mainstream consumers. AI agents do not face that barrier.
They interact directly through code, require no traditional banking infrastructure, and can transact autonomously on-chain. As part of the pivot, Animoca announced a $10 million initiative for developers building AI agent applications through its Animoca Minds platform, framing agents as its next major investment category after the metaverse era closes.
Read more: Core Scientific shares slip as Q1 loss offsets revenue growth
Summary
Yat Siu said the pandemic-era vision of humans living in virtual worlds was wrong, and that the metaverse was a proof of concept for AI agent infrastructure rather than a consumer product.
He predicted 50 to 100 billion AI agents will eventually operate on the internet, outnumbering humans and transacting autonomously on blockchain networks.
Animoca announced a $10 million investment initiative for developers building AI agent applications through its Animoca Minds platform.
Animoca Brands chairman Yat Siu told Consensus Miami 2026 on Thursday that the metaverse, as the crypto industry imagined it during the pandemic, was never really built for humans.
“Where we’re landing is that the metaverse, the blockchain-based one, was really the proof of concept for agents,” he said. “In other words, it was never really destined for humans as a prime consumer.”
The remarks mark a clean break from Animoca’s earlier positioning. The firm was among the most prominent advocates of the pandemic-era metaverse vision, which assumed users would spend growing amounts of their social and economic lives in immersive virtual environments.
Siu attributed that misconception to the distorting conditions of COVID lockdowns, when it seemed remote digital life would become permanent. “Everyone thought, ‘Oh, we’re going to be at home, and we’re never going to travel as much anymore,'” he said. “Which, of course, turned out to be quite the opposite.”
You might also like: Core Scientific dumps bitcoin to fund AI shift
What comes next: the agent economy
Siu’s new thesis is that blockchain’s most scalable user base will not be humans but autonomous AI agents. “I think the point is that it’s going to be more agents than humans,” he said, estimating 50 to 100 billion agents could eventually operate on the internet.
On current population math, 10 to 20 agents per human produces between 70 and 140 billion agents globally. “Blockchain technology is the ideal financial system for machines,” Siu said. “We, the humans, were basically the guinea pigs.”
The argument centres on a practical problem that has limited crypto’s reach. Approximately 700 to 800 million people globally own some form of cryptocurrency, but as crypto.news reported, fewer than 70 million actively use blockchain applications, largely because the technology remains too complex for mainstream consumers. AI agents do not face that barrier.
They interact directly through code, require no traditional banking infrastructure, and can transact autonomously on-chain. As part of the pivot, Animoca announced a $10 million initiative for developers building AI agent applications through its Animoca Minds platform, framing agents as its next major investment category after the metaverse era closes.
Read more: Core Scientific shares slip as Q1 loss offsets revenue growth
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Article
Kalshi Denies Prediction Markets Are Gambling ProductsPrediction markets closed out Consensus Miami 2026 as the subject of a live debate on whether they are regulated financial derivatives or gambling products operating outside state law.
Summary
The closing Consensus Miami 2026 session debated whether prediction markets are CFTC-regulated financial instruments or unlicensed gambling under state gaming laws.
CFTC Chairman Michael Selig said the fight could reach the Supreme Court, as the agency has already sued five states for treating its registered exchanges as gambling platforms.
Kalshi’s valuation surged from $22 million in 2024 to $22 billion by March 2026, with sports contracts now accounting for 85% to 90% of its trading volume.
Prediction markets closed out Consensus Miami 2026 on Thursday as the subject of the conference’s final debate, pitting the CFTC’s position that event contracts are swaps against a growing coalition of state attorneys general who argue the platforms are unlicensed gambling businesses.
The session brought the conference’s policy agenda to a head after three days of regulatory and legislative sessions.
CFTC Chairman Michael Selig, who attended Consensus for the first time this year, has made the prediction markets jurisdictional fight a defining feature of his tenure.
“We expect these matters to go up to the Supreme Court,” Selig said, as the agency has already sued Arizona, Connecticut, Illinois, New York, and Wisconsin for attempting to regulate CFTC-registered exchanges under state gambling law.
You might also like: Core Scientific dumps bitcoin to fund AI shift
Why states are pushing back
The core disagreement is structural. Kalshi and Polymarket argue their platforms operate like futures markets, with no house setting odds and no counterparty absorbing all risk.
DraftKings president Paul Liberman acknowledged the consumer experience is identical to sports betting. “For the end user, yes,” he said, “whether they’re putting a bet on the sportsbook or whether they’re doing a trade on the Celtics here, they definitely feel as though it’s the same.”
Wisconsin filed complaints against Kalshi, Polymarket, Coinbase, and Robinhood in April, arguing their contracts meet the state’s legal definition of a bet.
A bipartisan coalition of 41 state attorneys general has separately called for federal clarity on jurisdiction. Senator Marsha Blackburn’s subcommittee has scheduled a hearing for May 20, sitting directly between the Consensus debate and the Senate’s CLARITY Act markup window.
As crypto.news reported, Selig has offered platforms a framework: the CFTC will fight state interference, but exchanges must accept surveillance, insider trading enforcement, and a derivatives-style rulebook in return.
Read more: Gate rolls out localized fiat on-ramps in CIS, chasing ~$650M in daily volume
Kalshi Denies Prediction Markets Are Gambling Products
Prediction markets closed out Consensus Miami 2026 as the subject of a live debate on whether they are regulated financial derivatives or gambling products operating outside state law.
Summary
The closing Consensus Miami 2026 session debated whether prediction markets are CFTC-regulated financial instruments or unlicensed gambling under state gaming laws.
CFTC Chairman Michael Selig said the fight could reach the Supreme Court, as the agency has already sued five states for treating its registered exchanges as gambling platforms.
Kalshi’s valuation surged from $22 million in 2024 to $22 billion by March 2026, with sports contracts now accounting for 85% to 90% of its trading volume.
Prediction markets closed out Consensus Miami 2026 on Thursday as the subject of the conference’s final debate, pitting the CFTC’s position that event contracts are swaps against a growing coalition of state attorneys general who argue the platforms are unlicensed gambling businesses.
The session brought the conference’s policy agenda to a head after three days of regulatory and legislative sessions.
CFTC Chairman Michael Selig, who attended Consensus for the first time this year, has made the prediction markets jurisdictional fight a defining feature of his tenure.
“We expect these matters to go up to the Supreme Court,” Selig said, as the agency has already sued Arizona, Connecticut, Illinois, New York, and Wisconsin for attempting to regulate CFTC-registered exchanges under state gambling law.
You might also like: Core Scientific dumps bitcoin to fund AI shift
Why states are pushing back
The core disagreement is structural. Kalshi and Polymarket argue their platforms operate like futures markets, with no house setting odds and no counterparty absorbing all risk.
DraftKings president Paul Liberman acknowledged the consumer experience is identical to sports betting. “For the end user, yes,” he said, “whether they’re putting a bet on the sportsbook or whether they’re doing a trade on the Celtics here, they definitely feel as though it’s the same.”
Wisconsin filed complaints against Kalshi, Polymarket, Coinbase, and Robinhood in April, arguing their contracts meet the state’s legal definition of a bet.
A bipartisan coalition of 41 state attorneys general has separately called for federal clarity on jurisdiction. Senator Marsha Blackburn’s subcommittee has scheduled a hearing for May 20, sitting directly between the Consensus debate and the Senate’s CLARITY Act markup window.
As crypto.news reported, Selig has offered platforms a framework: the CFTC will fight state interference, but exchanges must accept surveillance, insider trading enforcement, and a derivatives-style rulebook in return.
Read more: Gate rolls out localized fiat on-ramps in CIS, chasing ~$650M in daily volume
Summary
The closing Consensus Miami 2026 session debated whether prediction markets are CFTC-regulated financial instruments or unlicensed gambling under state gaming laws.
CFTC Chairman Michael Selig said the fight could reach the Supreme Court, as the agency has already sued five states for treating its registered exchanges as gambling platforms.
Kalshi’s valuation surged from $22 million in 2024 to $22 billion by March 2026, with sports contracts now accounting for 85% to 90% of its trading volume.
Prediction markets closed out Consensus Miami 2026 on Thursday as the subject of the conference’s final debate, pitting the CFTC’s position that event contracts are swaps against a growing coalition of state attorneys general who argue the platforms are unlicensed gambling businesses.
The session brought the conference’s policy agenda to a head after three days of regulatory and legislative sessions.
CFTC Chairman Michael Selig, who attended Consensus for the first time this year, has made the prediction markets jurisdictional fight a defining feature of his tenure.
“We expect these matters to go up to the Supreme Court,” Selig said, as the agency has already sued Arizona, Connecticut, Illinois, New York, and Wisconsin for attempting to regulate CFTC-registered exchanges under state gambling law.
You might also like: Core Scientific dumps bitcoin to fund AI shift
Why states are pushing back
The core disagreement is structural. Kalshi and Polymarket argue their platforms operate like futures markets, with no house setting odds and no counterparty absorbing all risk.
DraftKings president Paul Liberman acknowledged the consumer experience is identical to sports betting. “For the end user, yes,” he said, “whether they’re putting a bet on the sportsbook or whether they’re doing a trade on the Celtics here, they definitely feel as though it’s the same.”
Wisconsin filed complaints against Kalshi, Polymarket, Coinbase, and Robinhood in April, arguing their contracts meet the state’s legal definition of a bet.
A bipartisan coalition of 41 state attorneys general has separately called for federal clarity on jurisdiction. Senator Marsha Blackburn’s subcommittee has scheduled a hearing for May 20, sitting directly between the Consensus debate and the Senate’s CLARITY Act markup window.
As crypto.news reported, Selig has offered platforms a framework: the CFTC will fight state interference, but exchanges must accept surveillance, insider trading enforcement, and a derivatives-style rulebook in return.
Read more: Gate rolls out localized fiat on-ramps in CIS, chasing ~$650M in daily volume
6
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Article
Crypto Firms Pursue Bank Licenses At ConsensusExecutives at federally regulated banks told a Consensus Miami 2026 panel that crypto companies are increasingly seeking bank licenses as the industry moves toward regulated financial infrastructure.
Summary
Panelists at the Consensus Miami 2026 Policy Summit said the push for bank licenses is accelerating among crypto firms under the current regulatory environment.
A bank charter gives crypto companies direct access to client deposits, reduces borrowing costs, and pulls operations out of regulatory grey zones.
The session follows a broader Trump-era deregulatory shift that has encouraged firms to pursue national and state bank charters.
Executives at federally regulated banks told the Consensus Miami 2026 Policy Summit on Thursday that the number of crypto companies seeking bank charters is rising sharply, as the industry pursues regulated status to gain credibility and reduce costs.
The session formed part of the Day 3 policy agenda, which also featured discussions on PAC spending, midterm strategy, and crypto legislation.
A bank charter gives a company direct access to customer deposits, federal oversight, and the legal authority to offer banking services.
For crypto firms, the appeal is structural: chartered status reduces borrowing costs, moves operations out of regulatory grey areas, and signals legitimacy to institutional clients who remain cautious about unregulated counterparties.
As crypto.news reported, at least half a dozen crypto industry executives confirmed in early 2025 that their firms saw an opportunity under the Trump administration to apply for banking licenses.
You might also like: Trump Jr. defends World Liberty at Consensus
What is driving the charter push
The Office of the Comptroller of the Currency reversed its anti-crypto stance and permitted banks to engage in cryptocurrency-related activity including stablecoins operations and custody. Law firm Troutman Pepper Locke said it was “working on several applications now,” according to filings.
World Liberty Financial applied for a national trust bank charter through its WLTC Holdings entity in January, making it one of the most high-profile applications to date, even as Senator Elizabeth Warren called for the OCC to pause the review.
As crypto.news documented, chartered crypto firms can offer services like loans and deposits that previously required costly third-party arrangements, with SoFi’s relaunch as a nationally chartered bank offering crypto trading the most prominent recent example.
Read more: BNY Mellon lifts Strategy stake to 1 million shares worth $187.2 million
Crypto Firms Pursue Bank Licenses At Consensus
Executives at federally regulated banks told a Consensus Miami 2026 panel that crypto companies are increasingly seeking bank licenses as the industry moves toward regulated financial infrastructure.
Summary
Panelists at the Consensus Miami 2026 Policy Summit said the push for bank licenses is accelerating among crypto firms under the current regulatory environment.
A bank charter gives crypto companies direct access to client deposits, reduces borrowing costs, and pulls operations out of regulatory grey zones.
The session follows a broader Trump-era deregulatory shift that has encouraged firms to pursue national and state bank charters.
Executives at federally regulated banks told the Consensus Miami 2026 Policy Summit on Thursday that the number of crypto companies seeking bank charters is rising sharply, as the industry pursues regulated status to gain credibility and reduce costs.
The session formed part of the Day 3 policy agenda, which also featured discussions on PAC spending, midterm strategy, and crypto legislation.
A bank charter gives a company direct access to customer deposits, federal oversight, and the legal authority to offer banking services.
For crypto firms, the appeal is structural: chartered status reduces borrowing costs, moves operations out of regulatory grey areas, and signals legitimacy to institutional clients who remain cautious about unregulated counterparties.
As crypto.news reported, at least half a dozen crypto industry executives confirmed in early 2025 that their firms saw an opportunity under the Trump administration to apply for banking licenses.
You might also like: Trump Jr. defends World Liberty at Consensus
What is driving the charter push
The Office of the Comptroller of the Currency reversed its anti-crypto stance and permitted banks to engage in cryptocurrency-related activity including stablecoins operations and custody. Law firm Troutman Pepper Locke said it was “working on several applications now,” according to filings.
World Liberty Financial applied for a national trust bank charter through its WLTC Holdings entity in January, making it one of the most high-profile applications to date, even as Senator Elizabeth Warren called for the OCC to pause the review.
As crypto.news documented, chartered crypto firms can offer services like loans and deposits that previously required costly third-party arrangements, with SoFi’s relaunch as a nationally chartered bank offering crypto trading the most prominent recent example.
Read more: BNY Mellon lifts Strategy stake to 1 million shares worth $187.2 million
Summary
Panelists at the Consensus Miami 2026 Policy Summit said the push for bank licenses is accelerating among crypto firms under the current regulatory environment.
A bank charter gives crypto companies direct access to client deposits, reduces borrowing costs, and pulls operations out of regulatory grey zones.
The session follows a broader Trump-era deregulatory shift that has encouraged firms to pursue national and state bank charters.
Executives at federally regulated banks told the Consensus Miami 2026 Policy Summit on Thursday that the number of crypto companies seeking bank charters is rising sharply, as the industry pursues regulated status to gain credibility and reduce costs.
The session formed part of the Day 3 policy agenda, which also featured discussions on PAC spending, midterm strategy, and crypto legislation.
A bank charter gives a company direct access to customer deposits, federal oversight, and the legal authority to offer banking services.
For crypto firms, the appeal is structural: chartered status reduces borrowing costs, moves operations out of regulatory grey areas, and signals legitimacy to institutional clients who remain cautious about unregulated counterparties.
As crypto.news reported, at least half a dozen crypto industry executives confirmed in early 2025 that their firms saw an opportunity under the Trump administration to apply for banking licenses.
You might also like: Trump Jr. defends World Liberty at Consensus
What is driving the charter push
The Office of the Comptroller of the Currency reversed its anti-crypto stance and permitted banks to engage in cryptocurrency-related activity including stablecoins operations and custody. Law firm Troutman Pepper Locke said it was “working on several applications now,” according to filings.
World Liberty Financial applied for a national trust bank charter through its WLTC Holdings entity in January, making it one of the most high-profile applications to date, even as Senator Elizabeth Warren called for the OCC to pause the review.
As crypto.news documented, chartered crypto firms can offer services like loans and deposits that previously required costly third-party arrangements, with SoFi’s relaunch as a nationally chartered bank offering crypto trading the most prominent recent example.
Read more: BNY Mellon lifts Strategy stake to 1 million shares worth $187.2 million
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Article
Eric Trump Defends American Bitcoin’s Record Quarter LossAmerican Bitcoin posted an $81.8 million net loss in Q1 2026, even as the Trump-backed miner set a new quarterly production record of 817 BTC and cut its mining cost by 23%.
Summary
American Bitcoin reported an $81.8 million net loss in Q1, up from a $59.5 million loss in Q4 2025.
Bitcoin fell 22% during the quarter, triggering a $117.2 million non-cash impairment charge on the company’s holdings.
The company mined a record 817 BTC and reduced its cost per coin to $36,200, a 23% improvement from $46,900 in Q4 2025.
American Bitcoin reported a net loss of $81.8 million in Q1 2026, driven by a 22% bitcoin price decline that triggered a $117.2 million non-cash impairment on its digital asset holdings. Revenue from mining fell to $62.1 million from $78.3 million in the prior quarter.
Despite the headline loss, CEO Mike Ho pushed back. “Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB,” he said, “and the underlying business was profitable and we did not sell a single coin.”
Gross mining margins held above 50% and the cost per coin fell to $36,200, a 23% improvement from $46,900 in Q4 2025.
You might also like: Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push
Record production, widening paper losses
American Bitcoin mined 817 BTC in Q1, its highest quarterly output to date, and purchased an additional 803 BTC for its treasury. Total holdings reached 7,021 BTC as of March 31. Co-founder Eric Trump told Consensus Miami on Wednesday:
“In just over eight months as a public company, we have become the 16th largest bitcoin holder globally and scaled to more than 28 exahash of capacity.”
The company completed the deployment of 11,298 new Bitmain miners in early March, bringing its total fleet to 89,242 machines and 28.1 EH/s of capacity. Operating expenses for the quarter totalled $150.7 million.
ABTC shares fell roughly 7% in pre-market trading after the results missed analyst estimates by 17%. As crypto.news reported, ABTC debuted on Nasdaq through a reverse merger in September 2025, briefly pushing Eric Trump’s paper stake into billionaire territory before a sustained selloff.
Read more: Elon Musk opens xAI data centers to Anthropic in surprise AI deal
Eric Trump Defends American Bitcoin’s Record Quarter Loss
American Bitcoin posted an $81.8 million net loss in Q1 2026, even as the Trump-backed miner set a new quarterly production record of 817 BTC and cut its mining cost by 23%.
Summary
American Bitcoin reported an $81.8 million net loss in Q1, up from a $59.5 million loss in Q4 2025.
Bitcoin fell 22% during the quarter, triggering a $117.2 million non-cash impairment charge on the company’s holdings.
The company mined a record 817 BTC and reduced its cost per coin to $36,200, a 23% improvement from $46,900 in Q4 2025.
American Bitcoin reported a net loss of $81.8 million in Q1 2026, driven by a 22% bitcoin price decline that triggered a $117.2 million non-cash impairment on its digital asset holdings. Revenue from mining fell to $62.1 million from $78.3 million in the prior quarter.
Despite the headline loss, CEO Mike Ho pushed back. “Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB,” he said, “and the underlying business was profitable and we did not sell a single coin.”
Gross mining margins held above 50% and the cost per coin fell to $36,200, a 23% improvement from $46,900 in Q4 2025.
You might also like: Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push
Record production, widening paper losses
American Bitcoin mined 817 BTC in Q1, its highest quarterly output to date, and purchased an additional 803 BTC for its treasury. Total holdings reached 7,021 BTC as of March 31. Co-founder Eric Trump told Consensus Miami on Wednesday:
“In just over eight months as a public company, we have become the 16th largest bitcoin holder globally and scaled to more than 28 exahash of capacity.”
The company completed the deployment of 11,298 new Bitmain miners in early March, bringing its total fleet to 89,242 machines and 28.1 EH/s of capacity. Operating expenses for the quarter totalled $150.7 million.
ABTC shares fell roughly 7% in pre-market trading after the results missed analyst estimates by 17%. As crypto.news reported, ABTC debuted on Nasdaq through a reverse merger in September 2025, briefly pushing Eric Trump’s paper stake into billionaire territory before a sustained selloff.
Read more: Elon Musk opens xAI data centers to Anthropic in surprise AI deal
Summary
American Bitcoin reported an $81.8 million net loss in Q1, up from a $59.5 million loss in Q4 2025.
Bitcoin fell 22% during the quarter, triggering a $117.2 million non-cash impairment charge on the company’s holdings.
The company mined a record 817 BTC and reduced its cost per coin to $36,200, a 23% improvement from $46,900 in Q4 2025.
American Bitcoin reported a net loss of $81.8 million in Q1 2026, driven by a 22% bitcoin price decline that triggered a $117.2 million non-cash impairment on its digital asset holdings. Revenue from mining fell to $62.1 million from $78.3 million in the prior quarter.
Despite the headline loss, CEO Mike Ho pushed back. “Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB,” he said, “and the underlying business was profitable and we did not sell a single coin.”
Gross mining margins held above 50% and the cost per coin fell to $36,200, a 23% improvement from $46,900 in Q4 2025.
You might also like: Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push
Record production, widening paper losses
American Bitcoin mined 817 BTC in Q1, its highest quarterly output to date, and purchased an additional 803 BTC for its treasury. Total holdings reached 7,021 BTC as of March 31. Co-founder Eric Trump told Consensus Miami on Wednesday:
“In just over eight months as a public company, we have become the 16th largest bitcoin holder globally and scaled to more than 28 exahash of capacity.”
The company completed the deployment of 11,298 new Bitmain miners in early March, bringing its total fleet to 89,242 machines and 28.1 EH/s of capacity. Operating expenses for the quarter totalled $150.7 million.
ABTC shares fell roughly 7% in pre-market trading after the results missed analyst estimates by 17%. As crypto.news reported, ABTC debuted on Nasdaq through a reverse merger in September 2025, briefly pushing Eric Trump’s paper stake into billionaire territory before a sustained selloff.
Read more: Elon Musk opens xAI data centers to Anthropic in surprise AI deal
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Article
Upbit Adds B3 Korean Won Pair As Base Token Gains Korea AccessSouth Korean crypto exchange Upbit has added B3 to its Korean won market, giving local traders direct access to the Base-linked token.
Summary
Upbit opened B3 trading against the Korean won, giving the Base token local market access.
The exchange delayed trading to 14:00 KST and applied early order restrictions for stability.
B3’s Base network support links the listing to growing Korean interest in OP Stack projects.
Trading was first scheduled for 13:45 KST on May 7, before Upbit moved the start time to 14:00 KST.
B3 is a layer-3 blockchain built on Base, the Ethereum layer-2 network developed with the OP Stack. The Upbit listing gives the token access to one of Asia’s most active retail crypto markets.
You might also like: AE Coin and USDU launch regulated UAE stablecoin conversion rail
Exchange sets early trading limits
Upbit said deposits and withdrawals will only support B3 through the Base network. The exchange also asked users to confirm the contract address before sending funds. Deposits through unsupported networks may face a long refund process.
The exchange placed normal controls on early trading. Buy orders were restricted for about five minutes after launch. Upbit also limited low-price sell orders and restricted non-limit order types for about two hours.
Upbit warned, “If a certain level of liquidity is not secured after the commencement of deposit and withdrawal services, the start of trading support may be postponed.” The notice shows the exchange kept room to adjust trading if market depth was weak.
B3 joins recent Upbit listing wave
The listing comes after several Upbit market additions drove fresh attention to selected tokens. As crypto.news reported yesterday, Dogwifhat rose after Upbit added WIF trading pairs against KRW, BTC, and USDT on May 6. The report also noted that new listings can expose traders to fast price swings.
Earlier, crypto.news reported that Centrifuge jumped more than 180% after Upbit announced trading support. Another report said Internet Computer added about $100 million in market value after Upbit opened ICP trading against KRW, BTC, and USDT.
These cases show why new KRW pairs draw close market attention. They create direct local currency access and can bring sudden liquidity from South Korean retail traders.
OP Stack link adds market context
B3’s Base and OP Stack link also fits a wider infrastructure trend at Upbit. Crypto.news reported this week that Upbit partnered with Optimism to build GIWA Chain, an Ethereum layer-2 network using the OP Stack.
That report said GIWA Chain will let Upbit run its own infrastructure under Optimism’s self-managed enterprise setup. The exchange will operate its own sequencer, which controls transaction ordering and collects network fees.
The B3 listing is separate from GIWA Chain, but both relate to OP Stack-based blockchain activity. For traders, the listing places B3 inside South Korea’s won market while giving Base-linked layer-3 projects more visibility.
Read more: Bithumb targets Vietnam crypto exchange market through SSID deal
Upbit Adds B3 Korean Won Pair As Base Token Gains Korea Access
South Korean crypto exchange Upbit has added B3 to its Korean won market, giving local traders direct access to the Base-linked token.
Summary
Upbit opened B3 trading against the Korean won, giving the Base token local market access.
The exchange delayed trading to 14:00 KST and applied early order restrictions for stability.
B3’s Base network support links the listing to growing Korean interest in OP Stack projects.
Trading was first scheduled for 13:45 KST on May 7, before Upbit moved the start time to 14:00 KST.
B3 is a layer-3 blockchain built on Base, the Ethereum layer-2 network developed with the OP Stack. The Upbit listing gives the token access to one of Asia’s most active retail crypto markets.
You might also like: AE Coin and USDU launch regulated UAE stablecoin conversion rail
Exchange sets early trading limits
Upbit said deposits and withdrawals will only support B3 through the Base network. The exchange also asked users to confirm the contract address before sending funds. Deposits through unsupported networks may face a long refund process.
The exchange placed normal controls on early trading. Buy orders were restricted for about five minutes after launch. Upbit also limited low-price sell orders and restricted non-limit order types for about two hours.
Upbit warned, “If a certain level of liquidity is not secured after the commencement of deposit and withdrawal services, the start of trading support may be postponed.” The notice shows the exchange kept room to adjust trading if market depth was weak.
B3 joins recent Upbit listing wave
The listing comes after several Upbit market additions drove fresh attention to selected tokens. As crypto.news reported yesterday, Dogwifhat rose after Upbit added WIF trading pairs against KRW, BTC, and USDT on May 6. The report also noted that new listings can expose traders to fast price swings.
Earlier, crypto.news reported that Centrifuge jumped more than 180% after Upbit announced trading support. Another report said Internet Computer added about $100 million in market value after Upbit opened ICP trading against KRW, BTC, and USDT.
These cases show why new KRW pairs draw close market attention. They create direct local currency access and can bring sudden liquidity from South Korean retail traders.
OP Stack link adds market context
B3’s Base and OP Stack link also fits a wider infrastructure trend at Upbit. Crypto.news reported this week that Upbit partnered with Optimism to build GIWA Chain, an Ethereum layer-2 network using the OP Stack.
That report said GIWA Chain will let Upbit run its own infrastructure under Optimism’s self-managed enterprise setup. The exchange will operate its own sequencer, which controls transaction ordering and collects network fees.
The B3 listing is separate from GIWA Chain, but both relate to OP Stack-based blockchain activity. For traders, the listing places B3 inside South Korea’s won market while giving Base-linked layer-3 projects more visibility.
Read more: Bithumb targets Vietnam crypto exchange market through SSID deal
Summary
Upbit opened B3 trading against the Korean won, giving the Base token local market access.
The exchange delayed trading to 14:00 KST and applied early order restrictions for stability.
B3’s Base network support links the listing to growing Korean interest in OP Stack projects.
Trading was first scheduled for 13:45 KST on May 7, before Upbit moved the start time to 14:00 KST.
B3 is a layer-3 blockchain built on Base, the Ethereum layer-2 network developed with the OP Stack. The Upbit listing gives the token access to one of Asia’s most active retail crypto markets.
You might also like: AE Coin and USDU launch regulated UAE stablecoin conversion rail
Exchange sets early trading limits
Upbit said deposits and withdrawals will only support B3 through the Base network. The exchange also asked users to confirm the contract address before sending funds. Deposits through unsupported networks may face a long refund process.
The exchange placed normal controls on early trading. Buy orders were restricted for about five minutes after launch. Upbit also limited low-price sell orders and restricted non-limit order types for about two hours.
Upbit warned, “If a certain level of liquidity is not secured after the commencement of deposit and withdrawal services, the start of trading support may be postponed.” The notice shows the exchange kept room to adjust trading if market depth was weak.
B3 joins recent Upbit listing wave
The listing comes after several Upbit market additions drove fresh attention to selected tokens. As crypto.news reported yesterday, Dogwifhat rose after Upbit added WIF trading pairs against KRW, BTC, and USDT on May 6. The report also noted that new listings can expose traders to fast price swings.
Earlier, crypto.news reported that Centrifuge jumped more than 180% after Upbit announced trading support. Another report said Internet Computer added about $100 million in market value after Upbit opened ICP trading against KRW, BTC, and USDT.
These cases show why new KRW pairs draw close market attention. They create direct local currency access and can bring sudden liquidity from South Korean retail traders.
OP Stack link adds market context
B3’s Base and OP Stack link also fits a wider infrastructure trend at Upbit. Crypto.news reported this week that Upbit partnered with Optimism to build GIWA Chain, an Ethereum layer-2 network using the OP Stack.
That report said GIWA Chain will let Upbit run its own infrastructure under Optimism’s self-managed enterprise setup. The exchange will operate its own sequencer, which controls transaction ordering and collects network fees.
The B3 listing is separate from GIWA Chain, but both relate to OP Stack-based blockchain activity. For traders, the listing places B3 inside South Korea’s won market while giving Base-linked layer-3 projects more visibility.
Read more: Bithumb targets Vietnam crypto exchange market through SSID deal
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Bittrex Asks Court to Void $24M SEC Settlement Over Crypto StanceBittrex has asked a U.S. federal court to overturn its $24 million settlement with the Securities and Exchange Commission after the regulator abandoned the crypto enforcement approach used against the exchange under the Biden administration.
Summary
Bittrex has asked a federal judge to cancel its $24 million SEC settlement after the regulator dropped similar crypto cases.
Court filings stated that the SEC now no longer considers most crypto tokens to be securities under its current approach.
The bankrupt exchange has also requested that the SEC return funds before the money is transferred to former customers through the Treasury Department.
According to a motion filed this week by attorneys representing Bittrex, the bankrupt crypto exchange has requested that the court vacate the earlier judgment and direct the SEC to return the $24 million penalty paid in 2023.
The filing argues that the regulator no longer supports the legal theory used to pursue the case, after repeatedly stating under President Donald Trump’s administration that most crypto tokens do not qualify as securities.
Filed in federal court on Monday, the motion stated that the SEC has already dropped nearly all comparable enforcement actions and investigations involving crypto exchanges and token issuers. Bittrex’s legal team argued that continuing to enforce the settlement while abandoning similar cases would be unfair treatment.
You might also like: BNY brings $59T custody power to Abu Dhabi crypto push
“Two-and-a-half years after extracting a settlement from a bankrupt cryptocurrency exchange premised on the legal theory that the tokens that traded on the exchange were securities, the SEC has (a) conceded that its legal theory was wrong and those tokens were not securities, (b) acknowledged that its enforcement strategy was misguided from the start, and (c) dropped every similar case and investigation except this one,” Bittrex’s attorneys wrote in the filing.
SEC’s crypto reversal becomes central to Bittrex request
The SEC originally sued Bittrex during Joe Biden’s presidency, accusing the Seattle-based exchange of offering unregistered securities through crypto token trading services. Bittrex later agreed to settle the case for $24 million without admitting or denying the allegations.
Court records cited in the latest filing also pointed to a March request from the SEC seeking permission to transfer the $24 million to the U.S. Treasury Department for distribution to former Bittrex customers who allegedly suffered financial losses.
Bittrex’s attorneys have now asked the judge to stop the transfer process and return the funds before any distribution takes place.
Operations at the exchange were shut down shortly after the settlement, with Bittrex stating at the time that continuing business operations in the existing U.S. regulatory and economic environment was no longer economically viable.
Separate from the SEC case, Bittrex reached another settlement with the U.S. Treasury Department in 2022 over alleged sanctions violations involving countries including Iran, Cuba, and Syria. Treasury officials announced at the time that the exchange had agreed to pay roughly $29 million tied to what regulators described as apparent violations of sanctions and anti-money laundering rules.
Since Trump returned to office last year, SEC leadership has repeatedly pulled back from the agency’s earlier crypto enforcement campaign. The regulator has dismissed or paused several high-profile lawsuits against crypto companies, while senior officials have publicly stated that many digital assets fall outside securities laws.
Read more: Swiss bank AMINA brings Canton Coin into regulated finance
Bittrex Asks Court to Void $24M SEC Settlement Over Crypto Stance
Bittrex has asked a U.S. federal court to overturn its $24 million settlement with the Securities and Exchange Commission after the regulator abandoned the crypto enforcement approach used against the exchange under the Biden administration.
Summary
Bittrex has asked a federal judge to cancel its $24 million SEC settlement after the regulator dropped similar crypto cases.
Court filings stated that the SEC now no longer considers most crypto tokens to be securities under its current approach.
The bankrupt exchange has also requested that the SEC return funds before the money is transferred to former customers through the Treasury Department.
According to a motion filed this week by attorneys representing Bittrex, the bankrupt crypto exchange has requested that the court vacate the earlier judgment and direct the SEC to return the $24 million penalty paid in 2023.
The filing argues that the regulator no longer supports the legal theory used to pursue the case, after repeatedly stating under President Donald Trump’s administration that most crypto tokens do not qualify as securities.
Filed in federal court on Monday, the motion stated that the SEC has already dropped nearly all comparable enforcement actions and investigations involving crypto exchanges and token issuers. Bittrex’s legal team argued that continuing to enforce the settlement while abandoning similar cases would be unfair treatment.
You might also like: BNY brings $59T custody power to Abu Dhabi crypto push
“Two-and-a-half years after extracting a settlement from a bankrupt cryptocurrency exchange premised on the legal theory that the tokens that traded on the exchange were securities, the SEC has (a) conceded that its legal theory was wrong and those tokens were not securities, (b) acknowledged that its enforcement strategy was misguided from the start, and (c) dropped every similar case and investigation except this one,” Bittrex’s attorneys wrote in the filing.
SEC’s crypto reversal becomes central to Bittrex request
The SEC originally sued Bittrex during Joe Biden’s presidency, accusing the Seattle-based exchange of offering unregistered securities through crypto token trading services. Bittrex later agreed to settle the case for $24 million without admitting or denying the allegations.
Court records cited in the latest filing also pointed to a March request from the SEC seeking permission to transfer the $24 million to the U.S. Treasury Department for distribution to former Bittrex customers who allegedly suffered financial losses.
Bittrex’s attorneys have now asked the judge to stop the transfer process and return the funds before any distribution takes place.
Operations at the exchange were shut down shortly after the settlement, with Bittrex stating at the time that continuing business operations in the existing U.S. regulatory and economic environment was no longer economically viable.
Separate from the SEC case, Bittrex reached another settlement with the U.S. Treasury Department in 2022 over alleged sanctions violations involving countries including Iran, Cuba, and Syria. Treasury officials announced at the time that the exchange had agreed to pay roughly $29 million tied to what regulators described as apparent violations of sanctions and anti-money laundering rules.
Since Trump returned to office last year, SEC leadership has repeatedly pulled back from the agency’s earlier crypto enforcement campaign. The regulator has dismissed or paused several high-profile lawsuits against crypto companies, while senior officials have publicly stated that many digital assets fall outside securities laws.
Read more: Swiss bank AMINA brings Canton Coin into regulated finance
Summary
Bittrex has asked a federal judge to cancel its $24 million SEC settlement after the regulator dropped similar crypto cases.
Court filings stated that the SEC now no longer considers most crypto tokens to be securities under its current approach.
The bankrupt exchange has also requested that the SEC return funds before the money is transferred to former customers through the Treasury Department.
According to a motion filed this week by attorneys representing Bittrex, the bankrupt crypto exchange has requested that the court vacate the earlier judgment and direct the SEC to return the $24 million penalty paid in 2023.
The filing argues that the regulator no longer supports the legal theory used to pursue the case, after repeatedly stating under President Donald Trump’s administration that most crypto tokens do not qualify as securities.
Filed in federal court on Monday, the motion stated that the SEC has already dropped nearly all comparable enforcement actions and investigations involving crypto exchanges and token issuers. Bittrex’s legal team argued that continuing to enforce the settlement while abandoning similar cases would be unfair treatment.
You might also like: BNY brings $59T custody power to Abu Dhabi crypto push
“Two-and-a-half years after extracting a settlement from a bankrupt cryptocurrency exchange premised on the legal theory that the tokens that traded on the exchange were securities, the SEC has (a) conceded that its legal theory was wrong and those tokens were not securities, (b) acknowledged that its enforcement strategy was misguided from the start, and (c) dropped every similar case and investigation except this one,” Bittrex’s attorneys wrote in the filing.
SEC’s crypto reversal becomes central to Bittrex request
The SEC originally sued Bittrex during Joe Biden’s presidency, accusing the Seattle-based exchange of offering unregistered securities through crypto token trading services. Bittrex later agreed to settle the case for $24 million without admitting or denying the allegations.
Court records cited in the latest filing also pointed to a March request from the SEC seeking permission to transfer the $24 million to the U.S. Treasury Department for distribution to former Bittrex customers who allegedly suffered financial losses.
Bittrex’s attorneys have now asked the judge to stop the transfer process and return the funds before any distribution takes place.
Operations at the exchange were shut down shortly after the settlement, with Bittrex stating at the time that continuing business operations in the existing U.S. regulatory and economic environment was no longer economically viable.
Separate from the SEC case, Bittrex reached another settlement with the U.S. Treasury Department in 2022 over alleged sanctions violations involving countries including Iran, Cuba, and Syria. Treasury officials announced at the time that the exchange had agreed to pay roughly $29 million tied to what regulators described as apparent violations of sanctions and anti-money laundering rules.
Since Trump returned to office last year, SEC leadership has repeatedly pulled back from the agency’s earlier crypto enforcement campaign. The regulator has dismissed or paused several high-profile lawsuits against crypto companies, while senior officials have publicly stated that many digital assets fall outside securities laws.
Read more: Swiss bank AMINA brings Canton Coin into regulated finance
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Swiss Bank AMINA Brings Canton Coin Into Regulated FinanceSwiss crypto bank AMINA has become the first FINMA-regulated lender to offer custody and trading support for Canton Coin.
Summary
AMINA has become the first FINMA-regulated bank to support Canton Coin trading and custody services.
Institutional clients can now access the Canton Network infrastructure through a regulated Swiss banking platform.
According to AMINA, the new integration gives clients regulated access to the Canton Network, a blockchain built for capital markets activity such as tokenized assets, collateral management, repo transactions, and settlement. Digital Asset developed the network, while backers include the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs, and Citadel.
Institutional investors using AMINA’s banking platform can now hold and trade Canton Coin without relying on crypto-native custodians or exchanges. The bank said the setup could support firms using Canton Network infrastructure for tokenization and financial settlement operations.
From Zug, Switzerland, AMINA has continued adding regulated crypto services across multiple jurisdictions over the past year. In November 2025, the bank received a Type 1 license uplift from Hong Kong’s Securities and Futures Commission, allowing its local subsidiary to provide crypto trading and custody services to institutional investors in the city. At the time, AMINA said Hong Kong had become one of Asia’s most active regulated crypto markets for professional investors and family offices.
You might also like: AE Coin and USDU launch regulated UAE stablecoin conversion rail
Under the Hong Kong approval, AMINA expanded support for 13 digital assets, including Bitcoin, Ethereum, USD Coin, and Tether. Michael Benz, head of AMINA Hong Kong and APAC, said the regulatory clearance would help the bank meet institutional demand for regulated crypto access and tokenized financial products.
Canton pushes deeper into institutional markets
Canton Network has been building infrastructure tailored for traditional finance firms rather than retail crypto users.
Institutional activity around the network has increased in recent months. In April, BitGo expanded its Canton-related services to include trading and on-chain settlement after previously supporting custody functions alone.
S&P Dow Jones Indices also brought its US Treasury Index benchmark onto the Canton Network, allowing institutions to access benchmark fixed-income data through tokenized systems.
Competition in the institutional blockchain sector has intensified as regulated financial firms experiment with tokenized assets and settlement rails. R3’s Corda continues targeting banks and regulated markets through privacy-focused permissioned infrastructure, while Hyperledger Fabric has maintained adoption among financial institutions and enterprise firms running blockchain-based internal systems.
AMINA has also expanded its regulated digital asset footprint in Europe. Earlier in November 2025, Austria’s Financial Market Authority approved the bank’s Austrian subsidiary under the European Union’s MiCA framework, allowing it to offer crypto trading, custody, and portfolio management services across the European Economic Area.
Beyond geographic expansion, the bank has added institutional-focused products tied to Ripple’s RLUSD stablecoin, Polygon staking services, and USD Coin reward accounts as competition among regulated crypto banks continues to grow.
Read more: Near One warns quantum attacks could create crypto ownership crisis
Swiss Bank AMINA Brings Canton Coin Into Regulated Finance
Swiss crypto bank AMINA has become the first FINMA-regulated lender to offer custody and trading support for Canton Coin.
Summary
AMINA has become the first FINMA-regulated bank to support Canton Coin trading and custody services.
Institutional clients can now access the Canton Network infrastructure through a regulated Swiss banking platform.
According to AMINA, the new integration gives clients regulated access to the Canton Network, a blockchain built for capital markets activity such as tokenized assets, collateral management, repo transactions, and settlement. Digital Asset developed the network, while backers include the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs, and Citadel.
Institutional investors using AMINA’s banking platform can now hold and trade Canton Coin without relying on crypto-native custodians or exchanges. The bank said the setup could support firms using Canton Network infrastructure for tokenization and financial settlement operations.
From Zug, Switzerland, AMINA has continued adding regulated crypto services across multiple jurisdictions over the past year. In November 2025, the bank received a Type 1 license uplift from Hong Kong’s Securities and Futures Commission, allowing its local subsidiary to provide crypto trading and custody services to institutional investors in the city. At the time, AMINA said Hong Kong had become one of Asia’s most active regulated crypto markets for professional investors and family offices.
You might also like: AE Coin and USDU launch regulated UAE stablecoin conversion rail
Under the Hong Kong approval, AMINA expanded support for 13 digital assets, including Bitcoin, Ethereum, USD Coin, and Tether. Michael Benz, head of AMINA Hong Kong and APAC, said the regulatory clearance would help the bank meet institutional demand for regulated crypto access and tokenized financial products.
Canton pushes deeper into institutional markets
Canton Network has been building infrastructure tailored for traditional finance firms rather than retail crypto users.
Institutional activity around the network has increased in recent months. In April, BitGo expanded its Canton-related services to include trading and on-chain settlement after previously supporting custody functions alone.
S&P Dow Jones Indices also brought its US Treasury Index benchmark onto the Canton Network, allowing institutions to access benchmark fixed-income data through tokenized systems.
Competition in the institutional blockchain sector has intensified as regulated financial firms experiment with tokenized assets and settlement rails. R3’s Corda continues targeting banks and regulated markets through privacy-focused permissioned infrastructure, while Hyperledger Fabric has maintained adoption among financial institutions and enterprise firms running blockchain-based internal systems.
AMINA has also expanded its regulated digital asset footprint in Europe. Earlier in November 2025, Austria’s Financial Market Authority approved the bank’s Austrian subsidiary under the European Union’s MiCA framework, allowing it to offer crypto trading, custody, and portfolio management services across the European Economic Area.
Beyond geographic expansion, the bank has added institutional-focused products tied to Ripple’s RLUSD stablecoin, Polygon staking services, and USD Coin reward accounts as competition among regulated crypto banks continues to grow.
Read more: Near One warns quantum attacks could create crypto ownership crisis
Summary
AMINA has become the first FINMA-regulated bank to support Canton Coin trading and custody services.
Institutional clients can now access the Canton Network infrastructure through a regulated Swiss banking platform.
According to AMINA, the new integration gives clients regulated access to the Canton Network, a blockchain built for capital markets activity such as tokenized assets, collateral management, repo transactions, and settlement. Digital Asset developed the network, while backers include the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs, and Citadel.
Institutional investors using AMINA’s banking platform can now hold and trade Canton Coin without relying on crypto-native custodians or exchanges. The bank said the setup could support firms using Canton Network infrastructure for tokenization and financial settlement operations.
From Zug, Switzerland, AMINA has continued adding regulated crypto services across multiple jurisdictions over the past year. In November 2025, the bank received a Type 1 license uplift from Hong Kong’s Securities and Futures Commission, allowing its local subsidiary to provide crypto trading and custody services to institutional investors in the city. At the time, AMINA said Hong Kong had become one of Asia’s most active regulated crypto markets for professional investors and family offices.
You might also like: AE Coin and USDU launch regulated UAE stablecoin conversion rail
Under the Hong Kong approval, AMINA expanded support for 13 digital assets, including Bitcoin, Ethereum, USD Coin, and Tether. Michael Benz, head of AMINA Hong Kong and APAC, said the regulatory clearance would help the bank meet institutional demand for regulated crypto access and tokenized financial products.
Canton pushes deeper into institutional markets
Canton Network has been building infrastructure tailored for traditional finance firms rather than retail crypto users.
Institutional activity around the network has increased in recent months. In April, BitGo expanded its Canton-related services to include trading and on-chain settlement after previously supporting custody functions alone.
S&P Dow Jones Indices also brought its US Treasury Index benchmark onto the Canton Network, allowing institutions to access benchmark fixed-income data through tokenized systems.
Competition in the institutional blockchain sector has intensified as regulated financial firms experiment with tokenized assets and settlement rails. R3’s Corda continues targeting banks and regulated markets through privacy-focused permissioned infrastructure, while Hyperledger Fabric has maintained adoption among financial institutions and enterprise firms running blockchain-based internal systems.
AMINA has also expanded its regulated digital asset footprint in Europe. Earlier in November 2025, Austria’s Financial Market Authority approved the bank’s Austrian subsidiary under the European Union’s MiCA framework, allowing it to offer crypto trading, custody, and portfolio management services across the European Economic Area.
Beyond geographic expansion, the bank has added institutional-focused products tied to Ripple’s RLUSD stablecoin, Polygon staking services, and USD Coin reward accounts as competition among regulated crypto banks continues to grow.
Read more: Near One warns quantum attacks could create crypto ownership crisis
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Article
Samourai Wallet Co-founder Seeks Donations After $2M Legal DebtSamourai Wallet developer Keonne Rodriguez has appealed for public donations after legal costs tied to his U.S. criminal case left him with more than $2 million in debt and a $250,000 court-imposed fine.
Summary
Keonne Rodriguez said legal fees tied to the Samourai Wallet case left him with more than $2M in debt. A U.S. court sentenced Rodriguez and William
Lonergan Hill to prison over charges linked to the crypto mixing protocol.
Rodriguez said he hopes for a presidential pardon, but his hopes have faded as he prepares to serve his sentence.
According to a Wednesday post Rodriguez published on X, the former Samourai Wallet developer said the financial pressure from his legal defense had exhausted his remaining resources while he prepares to serve a prison sentence tied to money laundering charges connected to the crypto mixing service.
“We are entirely out of options,” Rodriguez wrote, adding that legal bills and related debts accumulated during his defense had left him “financially wiped out.” He asked the crypto community for help covering the remaining costs.
In November, Rodriguez and fellow Samourai Wallet co-founder William Lonergan Hill received prison sentences of five and four years, respectively, after prosecutors pursued charges linked to the operation of the privacy-focused crypto mixer. U.S. authorities had accused the pair of conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business.
Federal prosecutors first charged Rodriguez and Hill in April 2024. Court records later showed both men initially pleaded not guilty before agreeing in July 2025 to plead guilty to operating an illegal money transmitting business.
You might also like: Bakkt and Zoth partner to target the South Asia remittance market with stablecoins
During a December interview with journalist and Bitcoin educator Natalie Brunell, Rodriguez said the decision to plead guilty came after calculating the financial and legal risks tied to a full trial. According to Rodriguez, a conviction after trial could have added years to his sentence, while driving legal expenses even higher.
Legal marketplace Lawful estimates that criminal defense lawyers in the U.S. can charge between $200 and $500 per hour, while retainers in complex criminal cases can exceed $10,000 depending on the number of attorneys involved and the nature of the charges.
Privacy advocates across the crypto sector have closely tracked the Samourai Wallet case alongside proceedings involving Roman Storm, arguing that developers of open-source privacy software should not automatically face criminal liability for how third parties use their code. Several supporters have also warned that prosecutions targeting crypto privacy tools could discourage software developers from building financial privacy applications.
Rodriguez says pardon hopes are fading
U.S. President Donald Trump said in December that he would review Rodriguez’s case and consider a possible pardon. An online petition supporting a pardon had gathered 15,953 signatures as of Thursday.
Rodriguez, however, said he no longer expects presidential intervention. Comparing his situation to the pardons granted to Changpeng Zhao and Ross Ulbricht, Rodriguez said he lacked the influence and financial backing needed to attract similar political support.
“There was some hope during the Bitcoin 2026 conference, but that has now come and gone,” Rodriguez wrote on X, adding that he now expects to serve his full federal prison sentence.
Read more: President Trump sons’ Bitcoin miner stumbles with $82M Q1 loss
Samourai Wallet Co-founder Seeks Donations After $2M Legal Debt
Samourai Wallet developer Keonne Rodriguez has appealed for public donations after legal costs tied to his U.S. criminal case left him with more than $2 million in debt and a $250,000 court-imposed fine.
Summary
Keonne Rodriguez said legal fees tied to the Samourai Wallet case left him with more than $2M in debt. A U.S. court sentenced Rodriguez and William
Lonergan Hill to prison over charges linked to the crypto mixing protocol.
Rodriguez said he hopes for a presidential pardon, but his hopes have faded as he prepares to serve his sentence.
According to a Wednesday post Rodriguez published on X, the former Samourai Wallet developer said the financial pressure from his legal defense had exhausted his remaining resources while he prepares to serve a prison sentence tied to money laundering charges connected to the crypto mixing service.
“We are entirely out of options,” Rodriguez wrote, adding that legal bills and related debts accumulated during his defense had left him “financially wiped out.” He asked the crypto community for help covering the remaining costs.
In November, Rodriguez and fellow Samourai Wallet co-founder William Lonergan Hill received prison sentences of five and four years, respectively, after prosecutors pursued charges linked to the operation of the privacy-focused crypto mixer. U.S. authorities had accused the pair of conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business.
Federal prosecutors first charged Rodriguez and Hill in April 2024. Court records later showed both men initially pleaded not guilty before agreeing in July 2025 to plead guilty to operating an illegal money transmitting business.
You might also like: Bakkt and Zoth partner to target the South Asia remittance market with stablecoins
During a December interview with journalist and Bitcoin educator Natalie Brunell, Rodriguez said the decision to plead guilty came after calculating the financial and legal risks tied to a full trial. According to Rodriguez, a conviction after trial could have added years to his sentence, while driving legal expenses even higher.
Legal marketplace Lawful estimates that criminal defense lawyers in the U.S. can charge between $200 and $500 per hour, while retainers in complex criminal cases can exceed $10,000 depending on the number of attorneys involved and the nature of the charges.
Privacy advocates across the crypto sector have closely tracked the Samourai Wallet case alongside proceedings involving Roman Storm, arguing that developers of open-source privacy software should not automatically face criminal liability for how third parties use their code. Several supporters have also warned that prosecutions targeting crypto privacy tools could discourage software developers from building financial privacy applications.
Rodriguez says pardon hopes are fading
U.S. President Donald Trump said in December that he would review Rodriguez’s case and consider a possible pardon. An online petition supporting a pardon had gathered 15,953 signatures as of Thursday.
Rodriguez, however, said he no longer expects presidential intervention. Comparing his situation to the pardons granted to Changpeng Zhao and Ross Ulbricht, Rodriguez said he lacked the influence and financial backing needed to attract similar political support.
“There was some hope during the Bitcoin 2026 conference, but that has now come and gone,” Rodriguez wrote on X, adding that he now expects to serve his full federal prison sentence.
Read more: President Trump sons’ Bitcoin miner stumbles with $82M Q1 loss
Summary
Keonne Rodriguez said legal fees tied to the Samourai Wallet case left him with more than $2M in debt. A U.S. court sentenced Rodriguez and William
Lonergan Hill to prison over charges linked to the crypto mixing protocol.
Rodriguez said he hopes for a presidential pardon, but his hopes have faded as he prepares to serve his sentence.
According to a Wednesday post Rodriguez published on X, the former Samourai Wallet developer said the financial pressure from his legal defense had exhausted his remaining resources while he prepares to serve a prison sentence tied to money laundering charges connected to the crypto mixing service.
“We are entirely out of options,” Rodriguez wrote, adding that legal bills and related debts accumulated during his defense had left him “financially wiped out.” He asked the crypto community for help covering the remaining costs.
In November, Rodriguez and fellow Samourai Wallet co-founder William Lonergan Hill received prison sentences of five and four years, respectively, after prosecutors pursued charges linked to the operation of the privacy-focused crypto mixer. U.S. authorities had accused the pair of conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business.
Federal prosecutors first charged Rodriguez and Hill in April 2024. Court records later showed both men initially pleaded not guilty before agreeing in July 2025 to plead guilty to operating an illegal money transmitting business.
You might also like: Bakkt and Zoth partner to target the South Asia remittance market with stablecoins
During a December interview with journalist and Bitcoin educator Natalie Brunell, Rodriguez said the decision to plead guilty came after calculating the financial and legal risks tied to a full trial. According to Rodriguez, a conviction after trial could have added years to his sentence, while driving legal expenses even higher.
Legal marketplace Lawful estimates that criminal defense lawyers in the U.S. can charge between $200 and $500 per hour, while retainers in complex criminal cases can exceed $10,000 depending on the number of attorneys involved and the nature of the charges.
Privacy advocates across the crypto sector have closely tracked the Samourai Wallet case alongside proceedings involving Roman Storm, arguing that developers of open-source privacy software should not automatically face criminal liability for how third parties use their code. Several supporters have also warned that prosecutions targeting crypto privacy tools could discourage software developers from building financial privacy applications.
Rodriguez says pardon hopes are fading
U.S. President Donald Trump said in December that he would review Rodriguez’s case and consider a possible pardon. An online petition supporting a pardon had gathered 15,953 signatures as of Thursday.
Rodriguez, however, said he no longer expects presidential intervention. Comparing his situation to the pardons granted to Changpeng Zhao and Ross Ulbricht, Rodriguez said he lacked the influence and financial backing needed to attract similar political support.
“There was some hope during the Bitcoin 2026 conference, but that has now come and gone,” Rodriguez wrote on X, adding that he now expects to serve his full federal prison sentence.
Read more: President Trump sons’ Bitcoin miner stumbles with $82M Q1 loss
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Article
Crypto PAC-backed Baird Wins Indiana Primary After $514K Ad PushRepresentative James Baird won the Republican primary for Indiana’s 4th Congressional District, keeping his reelection campaign on track before the 2026 midterms.
Summary
Baird won Indiana’s Republican primary after crypto-linked PAC Defend American Jobs spent heavily supporting him.
Fairshake’s political network is targeting 2026 races to support candidates backing crypto market rules.
The victory comes as lawmakers debate the CLARITY Act and stablecoin yield rules in Washington.
Decision Desk HQ data showed Baird ahead with 35,805 votes, or 60.28%, while Craig Haggard had 18,256 votes, or 30.73%. John Piper followed with 5,340 votes.
The race drew attention from the crypto sector because Baird received support from Defend American Jobs, a political action committee linked to Fairshake. Crypto.news reported that the PAC spent about $514,000 on media buys to support Baird before the Indiana primary.
You might also like: Samsung SDS to build South Korea’s tokenized securities system
Crypto PAC money enters the race
Defend American Jobs backed Baird after he supported crypto-related legislation in Congress. Crypto.news reported that Stand With Crypto rated him as strongly supportive of digital assets after his votes on the GENIUS Act and the CLARITY Act.
Fairshake has become one of the most active crypto-funded groups in U.S. politics. A Fairshake spokesperson said, “Representative Baird has been a proven leader for pro-job, pro-consumer, and pro-innovation policies in Congress.” The group said it supports candidates who back responsible digital asset regulation.
Meanwhile, the Indiana result comes as crypto groups prepare for a larger role in the 2026 midterm elections. Crypto.news reported that Fairshake and AI-focused PACs have already deployed more than $100 million into midterm races.
At the same time, public trust remains mixed. A Public First poll cited by crypto.news found that 45% of Americans viewed crypto investing as too risky. The same report said 44% of respondents believed AI was moving too fast.
Baird also received an endorsement from Donald Trump. AP reported that Trump-backed candidates performed strongly in several Indiana Republican races, showing how national political spending and endorsements shaped local contests.
CLARITY Act debate stays in focus
Baird’s win comes as Congress weighs digital asset rules, including the CLARITY Act. Crypto.news reported that Senators Thom Tillis and Angela Alsobrooks reached a compromise on stablecoin yield, but banking groups later pushed back against the text.
The compromise would block passive stablecoin yield that acts like bank interest while allowing rewards linked to platform activity. Crypto firms see the deal as a possible path for the bill, while banking groups argue it still leaves room for deposit outflows.
The Indiana primary shows how crypto policy has become part of campaign strategy. Baird’s win gives the sector another preferred candidate heading into November, while the stablecoin and market structure debates continue in Washington.
Read more: JPMorgan, Mastercard and Ripple test tokenized Treasury settlement on XRPL
Crypto PAC-backed Baird Wins Indiana Primary After $514K Ad Push
Representative James Baird won the Republican primary for Indiana’s 4th Congressional District, keeping his reelection campaign on track before the 2026 midterms.
Summary
Baird won Indiana’s Republican primary after crypto-linked PAC Defend American Jobs spent heavily supporting him.
Fairshake’s political network is targeting 2026 races to support candidates backing crypto market rules.
The victory comes as lawmakers debate the CLARITY Act and stablecoin yield rules in Washington.
Decision Desk HQ data showed Baird ahead with 35,805 votes, or 60.28%, while Craig Haggard had 18,256 votes, or 30.73%. John Piper followed with 5,340 votes.
The race drew attention from the crypto sector because Baird received support from Defend American Jobs, a political action committee linked to Fairshake. Crypto.news reported that the PAC spent about $514,000 on media buys to support Baird before the Indiana primary.
You might also like: Samsung SDS to build South Korea’s tokenized securities system
Crypto PAC money enters the race
Defend American Jobs backed Baird after he supported crypto-related legislation in Congress. Crypto.news reported that Stand With Crypto rated him as strongly supportive of digital assets after his votes on the GENIUS Act and the CLARITY Act.
Fairshake has become one of the most active crypto-funded groups in U.S. politics. A Fairshake spokesperson said, “Representative Baird has been a proven leader for pro-job, pro-consumer, and pro-innovation policies in Congress.” The group said it supports candidates who back responsible digital asset regulation.
Meanwhile, the Indiana result comes as crypto groups prepare for a larger role in the 2026 midterm elections. Crypto.news reported that Fairshake and AI-focused PACs have already deployed more than $100 million into midterm races.
At the same time, public trust remains mixed. A Public First poll cited by crypto.news found that 45% of Americans viewed crypto investing as too risky. The same report said 44% of respondents believed AI was moving too fast.
Baird also received an endorsement from Donald Trump. AP reported that Trump-backed candidates performed strongly in several Indiana Republican races, showing how national political spending and endorsements shaped local contests.
CLARITY Act debate stays in focus
Baird’s win comes as Congress weighs digital asset rules, including the CLARITY Act. Crypto.news reported that Senators Thom Tillis and Angela Alsobrooks reached a compromise on stablecoin yield, but banking groups later pushed back against the text.
The compromise would block passive stablecoin yield that acts like bank interest while allowing rewards linked to platform activity. Crypto firms see the deal as a possible path for the bill, while banking groups argue it still leaves room for deposit outflows.
The Indiana primary shows how crypto policy has become part of campaign strategy. Baird’s win gives the sector another preferred candidate heading into November, while the stablecoin and market structure debates continue in Washington.
Read more: JPMorgan, Mastercard and Ripple test tokenized Treasury settlement on XRPL
Summary
Baird won Indiana’s Republican primary after crypto-linked PAC Defend American Jobs spent heavily supporting him.
Fairshake’s political network is targeting 2026 races to support candidates backing crypto market rules.
The victory comes as lawmakers debate the CLARITY Act and stablecoin yield rules in Washington.
Decision Desk HQ data showed Baird ahead with 35,805 votes, or 60.28%, while Craig Haggard had 18,256 votes, or 30.73%. John Piper followed with 5,340 votes.
The race drew attention from the crypto sector because Baird received support from Defend American Jobs, a political action committee linked to Fairshake. Crypto.news reported that the PAC spent about $514,000 on media buys to support Baird before the Indiana primary.
You might also like: Samsung SDS to build South Korea’s tokenized securities system
Crypto PAC money enters the race
Defend American Jobs backed Baird after he supported crypto-related legislation in Congress. Crypto.news reported that Stand With Crypto rated him as strongly supportive of digital assets after his votes on the GENIUS Act and the CLARITY Act.
Fairshake has become one of the most active crypto-funded groups in U.S. politics. A Fairshake spokesperson said, “Representative Baird has been a proven leader for pro-job, pro-consumer, and pro-innovation policies in Congress.” The group said it supports candidates who back responsible digital asset regulation.
Meanwhile, the Indiana result comes as crypto groups prepare for a larger role in the 2026 midterm elections. Crypto.news reported that Fairshake and AI-focused PACs have already deployed more than $100 million into midterm races.
At the same time, public trust remains mixed. A Public First poll cited by crypto.news found that 45% of Americans viewed crypto investing as too risky. The same report said 44% of respondents believed AI was moving too fast.
Baird also received an endorsement from Donald Trump. AP reported that Trump-backed candidates performed strongly in several Indiana Republican races, showing how national political spending and endorsements shaped local contests.
CLARITY Act debate stays in focus
Baird’s win comes as Congress weighs digital asset rules, including the CLARITY Act. Crypto.news reported that Senators Thom Tillis and Angela Alsobrooks reached a compromise on stablecoin yield, but banking groups later pushed back against the text.
The compromise would block passive stablecoin yield that acts like bank interest while allowing rewards linked to platform activity. Crypto firms see the deal as a possible path for the bill, while banking groups argue it still leaves room for deposit outflows.
The Indiana primary shows how crypto policy has become part of campaign strategy. Baird’s win gives the sector another preferred candidate heading into November, while the stablecoin and market structure debates continue in Washington.
Read more: JPMorgan, Mastercard and Ripple test tokenized Treasury settlement on XRPL
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Fairshake Defends Midterm Spending As Voter Trust CrashesFairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money.
Summary
Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.
A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.
Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.
Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.
The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want Congress to impose strict regulations or broad AI oversight.
“I do think if they see somebody is backed by crypto, that’s always going to be a problem,” former Ohio Representative Jim Renacci was quoted as saying.
You might also like: Arthur Hayes pegs Zcash target at 10% of Bitcoin price
Despite those distrust numbers, public awareness of both groups remains remarkably low. Only 3% of respondents recognised Fairshake, and just 9% had heard of Leading the Future.
Political observers told Politico that backlash could be swift once voters make the connection between the spending and the industries behind it.
The stakes for crypto legislation are direct. As crypto.news reported, if Democrats take either chamber in November, the CLARITY Act’s passage odds are described as close to zero, with Senator Elizabeth Warren likely to take over the Senate Banking Committee chair.
Fairshake’s current $193 million war chest is explicitly aimed at preventing that scenario. In 2024, a Fairshake-affiliated PAC spent over $40 million helping unseat Ohio Senator Sherrod Brown, a longtime crypto critic who is now running again.
Read more: Michael Saylor breaks Strategy’s never-sell bitcoin pledge
Fairshake Defends Midterm Spending As Voter Trust Crashes
Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money.
Summary
Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.
A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.
Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.
Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.
The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want Congress to impose strict regulations or broad AI oversight.
“I do think if they see somebody is backed by crypto, that’s always going to be a problem,” former Ohio Representative Jim Renacci was quoted as saying.
You might also like: Arthur Hayes pegs Zcash target at 10% of Bitcoin price
Despite those distrust numbers, public awareness of both groups remains remarkably low. Only 3% of respondents recognised Fairshake, and just 9% had heard of Leading the Future.
Political observers told Politico that backlash could be swift once voters make the connection between the spending and the industries behind it.
The stakes for crypto legislation are direct. As crypto.news reported, if Democrats take either chamber in November, the CLARITY Act’s passage odds are described as close to zero, with Senator Elizabeth Warren likely to take over the Senate Banking Committee chair.
Fairshake’s current $193 million war chest is explicitly aimed at preventing that scenario. In 2024, a Fairshake-affiliated PAC spent over $40 million helping unseat Ohio Senator Sherrod Brown, a longtime crypto critic who is now running again.
Read more: Michael Saylor breaks Strategy’s never-sell bitcoin pledge
Summary
Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.
A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.
Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.
Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.
The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want Congress to impose strict regulations or broad AI oversight.
“I do think if they see somebody is backed by crypto, that’s always going to be a problem,” former Ohio Representative Jim Renacci was quoted as saying.
You might also like: Arthur Hayes pegs Zcash target at 10% of Bitcoin price
Despite those distrust numbers, public awareness of both groups remains remarkably low. Only 3% of respondents recognised Fairshake, and just 9% had heard of Leading the Future.
Political observers told Politico that backlash could be swift once voters make the connection between the spending and the industries behind it.
The stakes for crypto legislation are direct. As crypto.news reported, if Democrats take either chamber in November, the CLARITY Act’s passage odds are described as close to zero, with Senator Elizabeth Warren likely to take over the Senate Banking Committee chair.
Fairshake’s current $193 million war chest is explicitly aimed at preventing that scenario. In 2024, a Fairshake-affiliated PAC spent over $40 million helping unseat Ohio Senator Sherrod Brown, a longtime crypto critic who is now running again.
Read more: Michael Saylor breaks Strategy’s never-sell bitcoin pledge
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Eric Trump Rejects JPMorgan’s Bitcoin CredibilityEric Trump mocked JPMorgan at Consensus Miami 2026 for reversing its bitcoin stance within 18 months, saying banks have accepted they can no longer hold back the tide.
Summary
Eric Trump told Consensus Miami that JPMorgan dismissed bitcoin as a “joke asset” 18 months ago and is now allowing clients to take out mortgages against it.
Trump said traditional financial institutions have “lost” the fight against crypto and are now joining the current rather than fighting it.
JPMorgan CEO Jamie Dimon was a longtime critic of bitcoin before his bank built out its Kinexys blockchain platform and sponsored Consensus Miami 2026.
Eric Trump took the stage at Consensus Miami 2026 on Wednesday and attacked JPMorgan over its reversal on bitcoin, framing a timeline that moved from public hostility to mortgage products in under two years. Trump, co-founder and chief strategy officer of American Bitcoin, cast the shift as a concession by the banking establishment.
“JPMorgan, who was crapping all over bitcoin 18 months ago, saying it was a joke asset,” Trump told the Consensus crowd. “It’s really interesting — now they’re allowing people to take down home mortgages against their bitcoin holdings at JPMorgan, this happened in a period of 18 months, my friends.”
Trump argued the broader financial industry has been forced to capitulate. “The financial institutions all realize that they’ve lost and they can no longer push back,” he said. “And so instead of actually fighting against the tide, you know what they’re doing, they’re swimming with it for the first time.”
You might also like: Why Gillibrand believes the CLARITY Act will pass in 2026
JPMorgan CEO Jamie Dimon described bitcoin as a fraud and a speculative asset at multiple points over the past decade. The bank has since pivoted, building out its Kinexys blockchain platform, which has processed more than $1 trillion in transactions, and sponsoring Consensus Miami 2026 for the first time. As crypto.news documented, JPMorgan is now embedded across crypto infrastructure, including as a key institutional partner for Chainlink.
Trump also referenced his family’s history of being debanked, calling it the experience that pushed him toward advocating for bitcoin’s censorship-resistant rails. American Bitcoin holds all mined coins without selling. For Trump, JPMorgan’s shift from critic to mortgage provider in 18 months is the clearest evidence yet that institutional resistance to bitcoin is over.
Read more: Arthur Hayes pegs Zcash target at 10% of Bitcoin price
Eric Trump Rejects JPMorgan’s Bitcoin Credibility
Eric Trump mocked JPMorgan at Consensus Miami 2026 for reversing its bitcoin stance within 18 months, saying banks have accepted they can no longer hold back the tide.
Summary
Eric Trump told Consensus Miami that JPMorgan dismissed bitcoin as a “joke asset” 18 months ago and is now allowing clients to take out mortgages against it.
Trump said traditional financial institutions have “lost” the fight against crypto and are now joining the current rather than fighting it.
JPMorgan CEO Jamie Dimon was a longtime critic of bitcoin before his bank built out its Kinexys blockchain platform and sponsored Consensus Miami 2026.
Eric Trump took the stage at Consensus Miami 2026 on Wednesday and attacked JPMorgan over its reversal on bitcoin, framing a timeline that moved from public hostility to mortgage products in under two years. Trump, co-founder and chief strategy officer of American Bitcoin, cast the shift as a concession by the banking establishment.
“JPMorgan, who was crapping all over bitcoin 18 months ago, saying it was a joke asset,” Trump told the Consensus crowd. “It’s really interesting — now they’re allowing people to take down home mortgages against their bitcoin holdings at JPMorgan, this happened in a period of 18 months, my friends.”
Trump argued the broader financial industry has been forced to capitulate. “The financial institutions all realize that they’ve lost and they can no longer push back,” he said. “And so instead of actually fighting against the tide, you know what they’re doing, they’re swimming with it for the first time.”
You might also like: Why Gillibrand believes the CLARITY Act will pass in 2026
JPMorgan CEO Jamie Dimon described bitcoin as a fraud and a speculative asset at multiple points over the past decade. The bank has since pivoted, building out its Kinexys blockchain platform, which has processed more than $1 trillion in transactions, and sponsoring Consensus Miami 2026 for the first time. As crypto.news documented, JPMorgan is now embedded across crypto infrastructure, including as a key institutional partner for Chainlink.
Trump also referenced his family’s history of being debanked, calling it the experience that pushed him toward advocating for bitcoin’s censorship-resistant rails. American Bitcoin holds all mined coins without selling. For Trump, JPMorgan’s shift from critic to mortgage provider in 18 months is the clearest evidence yet that institutional resistance to bitcoin is over.
Read more: Arthur Hayes pegs Zcash target at 10% of Bitcoin price
Summary
Eric Trump told Consensus Miami that JPMorgan dismissed bitcoin as a “joke asset” 18 months ago and is now allowing clients to take out mortgages against it.
Trump said traditional financial institutions have “lost” the fight against crypto and are now joining the current rather than fighting it.
JPMorgan CEO Jamie Dimon was a longtime critic of bitcoin before his bank built out its Kinexys blockchain platform and sponsored Consensus Miami 2026.
Eric Trump took the stage at Consensus Miami 2026 on Wednesday and attacked JPMorgan over its reversal on bitcoin, framing a timeline that moved from public hostility to mortgage products in under two years. Trump, co-founder and chief strategy officer of American Bitcoin, cast the shift as a concession by the banking establishment.
“JPMorgan, who was crapping all over bitcoin 18 months ago, saying it was a joke asset,” Trump told the Consensus crowd. “It’s really interesting — now they’re allowing people to take down home mortgages against their bitcoin holdings at JPMorgan, this happened in a period of 18 months, my friends.”
Trump argued the broader financial industry has been forced to capitulate. “The financial institutions all realize that they’ve lost and they can no longer push back,” he said. “And so instead of actually fighting against the tide, you know what they’re doing, they’re swimming with it for the first time.”
You might also like: Why Gillibrand believes the CLARITY Act will pass in 2026
JPMorgan CEO Jamie Dimon described bitcoin as a fraud and a speculative asset at multiple points over the past decade. The bank has since pivoted, building out its Kinexys blockchain platform, which has processed more than $1 trillion in transactions, and sponsoring Consensus Miami 2026 for the first time. As crypto.news documented, JPMorgan is now embedded across crypto infrastructure, including as a key institutional partner for Chainlink.
Trump also referenced his family’s history of being debanked, calling it the experience that pushed him toward advocating for bitcoin’s censorship-resistant rails. American Bitcoin holds all mined coins without selling. For Trump, JPMorgan’s shift from critic to mortgage provider in 18 months is the clearest evidence yet that institutional resistance to bitcoin is over.
Read more: Arthur Hayes pegs Zcash target at 10% of Bitcoin price
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Article
Hut 8 Launches Beacon Point AI Lease Worth $9.8bHut 8 has signed a 15-year, $9.8 billion AI data center lease at its Beacon Point campus in Nueces County, Texas, sending its stock nearly 30% higher on Wednesday.
Summary
Hut 8 signed a triple-net lease covering 352 megawatts of IT capacity with an unnamed investment-grade tenant at its Beacon Point campus in Texas.
The base contract is valued at $9.8 billion, rising to $25.1 billion if the tenant exercises all three five-year renewal options.
Hut 8 stock surged nearly 30% on the announcement, with the facility set to be built using NVIDIA’s DSX reference architecture.
Hut 8 has signed a 15-year, $9.8 billion AI data center lease at its Beacon Point campus in Nueces County, Texas, with a company it described only as a “high-investment-grade” tenant.
The lease covers 352 megawatts of IT capacity and is structured as a triple-net agreement with a 3% annual rent escalator, projected to generate approximately $655 million in annual revenue at full operation.
The deal is the second AI campus commercialised under Hut 8’s greenfield development model, following its River Bend site in Louisiana. CEO Asher Genoot said in a statement: “Beacon Point underscores why we start with power and maintain flexibility across end markets. Operating across multiple applications lets us underwrite assets that single-use-case developers cannot.”
You might also like: CeFi drives $860 million in April crypto fundraising as prediction and AI bets spread
Stock and pipeline
Hut 8 stock jumped nearly 30% on Wednesday. Renewal options lift the total contract value to $25.1 billion. The deal brings the company’s total contracted AI data center capacity to 597 megawatts, with a combined base-term value of $16.8 billion.
The facility will be built to NVIDIA’s DSX reference architecture with partners American Electric Power, Vertiv, and Jacobs. Initial energization is expected in Q1 2027, with the first data hall delivered by Q3 2027. Hut 8’s total development pipeline now stands at 8,375 megawatts across sites at various stages of construction, development, and exclusivity.
The announcement came alongside Q1 2026 earnings showing revenue of $71 million, up from $21.8 million in Q1 2025 but below Wall Street’s $79.4 million consensus.
The company posted a net loss of $253.1 million for the quarter, driven primarily by $295.7 million in unrealized losses on digital assets. Hut 8 also reported access to approximately $1.3 billion in combined cash and bitcoin reserves as of March 31.
Hut 8 is among several former bitcoin miners pivoting to AI infrastructure as mining margins compress. As crypto.news documented, Core Scientific, TeraWulf, and IREN have made similar conversions, with publicly listed miners facing losses of approximately $19,000 per bitcoin produced under current market conditions.
For Hut 8, the Beacon Point lease establishes a long-term revenue base designed to insulate the company from continued bitcoin mining volatility.
Read more: Wadoozie is taking the memecoin on a 48-state road trip and hiding crypto along the way
Hut 8 Launches Beacon Point AI Lease Worth $9.8b
Hut 8 has signed a 15-year, $9.8 billion AI data center lease at its Beacon Point campus in Nueces County, Texas, sending its stock nearly 30% higher on Wednesday.
Summary
Hut 8 signed a triple-net lease covering 352 megawatts of IT capacity with an unnamed investment-grade tenant at its Beacon Point campus in Texas.
The base contract is valued at $9.8 billion, rising to $25.1 billion if the tenant exercises all three five-year renewal options.
Hut 8 stock surged nearly 30% on the announcement, with the facility set to be built using NVIDIA’s DSX reference architecture.
Hut 8 has signed a 15-year, $9.8 billion AI data center lease at its Beacon Point campus in Nueces County, Texas, with a company it described only as a “high-investment-grade” tenant.
The lease covers 352 megawatts of IT capacity and is structured as a triple-net agreement with a 3% annual rent escalator, projected to generate approximately $655 million in annual revenue at full operation.
The deal is the second AI campus commercialised under Hut 8’s greenfield development model, following its River Bend site in Louisiana. CEO Asher Genoot said in a statement: “Beacon Point underscores why we start with power and maintain flexibility across end markets. Operating across multiple applications lets us underwrite assets that single-use-case developers cannot.”
You might also like: CeFi drives $860 million in April crypto fundraising as prediction and AI bets spread
Stock and pipeline
Hut 8 stock jumped nearly 30% on Wednesday. Renewal options lift the total contract value to $25.1 billion. The deal brings the company’s total contracted AI data center capacity to 597 megawatts, with a combined base-term value of $16.8 billion.
The facility will be built to NVIDIA’s DSX reference architecture with partners American Electric Power, Vertiv, and Jacobs. Initial energization is expected in Q1 2027, with the first data hall delivered by Q3 2027. Hut 8’s total development pipeline now stands at 8,375 megawatts across sites at various stages of construction, development, and exclusivity.
The announcement came alongside Q1 2026 earnings showing revenue of $71 million, up from $21.8 million in Q1 2025 but below Wall Street’s $79.4 million consensus.
The company posted a net loss of $253.1 million for the quarter, driven primarily by $295.7 million in unrealized losses on digital assets. Hut 8 also reported access to approximately $1.3 billion in combined cash and bitcoin reserves as of March 31.
Hut 8 is among several former bitcoin miners pivoting to AI infrastructure as mining margins compress. As crypto.news documented, Core Scientific, TeraWulf, and IREN have made similar conversions, with publicly listed miners facing losses of approximately $19,000 per bitcoin produced under current market conditions.
For Hut 8, the Beacon Point lease establishes a long-term revenue base designed to insulate the company from continued bitcoin mining volatility.
Read more: Wadoozie is taking the memecoin on a 48-state road trip and hiding crypto along the way
Summary
Hut 8 signed a triple-net lease covering 352 megawatts of IT capacity with an unnamed investment-grade tenant at its Beacon Point campus in Texas.
The base contract is valued at $9.8 billion, rising to $25.1 billion if the tenant exercises all three five-year renewal options.
Hut 8 stock surged nearly 30% on the announcement, with the facility set to be built using NVIDIA’s DSX reference architecture.
Hut 8 has signed a 15-year, $9.8 billion AI data center lease at its Beacon Point campus in Nueces County, Texas, with a company it described only as a “high-investment-grade” tenant.
The lease covers 352 megawatts of IT capacity and is structured as a triple-net agreement with a 3% annual rent escalator, projected to generate approximately $655 million in annual revenue at full operation.
The deal is the second AI campus commercialised under Hut 8’s greenfield development model, following its River Bend site in Louisiana. CEO Asher Genoot said in a statement: “Beacon Point underscores why we start with power and maintain flexibility across end markets. Operating across multiple applications lets us underwrite assets that single-use-case developers cannot.”
You might also like: CeFi drives $860 million in April crypto fundraising as prediction and AI bets spread
Stock and pipeline
Hut 8 stock jumped nearly 30% on Wednesday. Renewal options lift the total contract value to $25.1 billion. The deal brings the company’s total contracted AI data center capacity to 597 megawatts, with a combined base-term value of $16.8 billion.
The facility will be built to NVIDIA’s DSX reference architecture with partners American Electric Power, Vertiv, and Jacobs. Initial energization is expected in Q1 2027, with the first data hall delivered by Q3 2027. Hut 8’s total development pipeline now stands at 8,375 megawatts across sites at various stages of construction, development, and exclusivity.
The announcement came alongside Q1 2026 earnings showing revenue of $71 million, up from $21.8 million in Q1 2025 but below Wall Street’s $79.4 million consensus.
The company posted a net loss of $253.1 million for the quarter, driven primarily by $295.7 million in unrealized losses on digital assets. Hut 8 also reported access to approximately $1.3 billion in combined cash and bitcoin reserves as of March 31.
Hut 8 is among several former bitcoin miners pivoting to AI infrastructure as mining margins compress. As crypto.news documented, Core Scientific, TeraWulf, and IREN have made similar conversions, with publicly listed miners facing losses of approximately $19,000 per bitcoin produced under current market conditions.
For Hut 8, the Beacon Point lease establishes a long-term revenue base designed to insulate the company from continued bitcoin mining volatility.
Read more: Wadoozie is taking the memecoin on a 48-state road trip and hiding crypto along the way
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CeFi Drives $860 Million in April Crypto Fundraising As Prediction and AI Bets SpreadRootData data shows CeFi raised about $606 million across 8 deals, infrastructure $105 million across 14, and DeFi $90 million.
Summary
The crypto primary market saw approximately $860 million in disclosed fundraising in April 2026 across 55 deals, with centralized finance (CeFi) dominating capital flows.
CeFi, infrastructure, and DeFi led sector allocations with roughly $606 million, $105 million, and $90 million raised, respectively, while prediction markets and AI projects drew a growing number of early‑stage checks.
Two exchanges, Vietnamese CEX CAEX and global giant Kraken, accounted for about $580 million, or 67% of the month’s total, underscoring extreme capital concentration at the top.
CeFi concentration and sector breakdown
According to April data from Web3 analytics platform RootData, the disclosed total raised in the crypto primary market reached roughly $860 million, spread across 55 financing events and 5 M&A deals, a slight dip from March’s 62 events that still points to steady activity.
Capital was heavily skewed toward centralized platforms. CeFi topped the table with about $606 million raised across 8 deals, followed by infrastructure at $105 million across 14 deals, and DeFi at $90 million across 19 deals, making infrastructure the most active category by deal count as institutional attention continues to favor foundational tooling and rails.
The month’s top three rounds were all in the trading and L1 stack. Vietnamese exchange CAEX pulled in $380 million from backers including OKX Ventures and HashKey Capital, while global exchange Kraken raised a $200 million strategic investment from Deutsche Bank, and Layer‑1 project Pharos Network closed a $44 million Series A. Together, CAEX and Kraken accounted for roughly $580 million, or about 67% of all disclosed April capital, highlighting the ongoing concentration of money into a small number of CeFi leaders.
Read more: Bitcoin rally loses steam at $81K following Trump’s pause on ‘Project Freedom’
Prediction markets and AI funding broaden out
RootData’s sector drill‑down shows the prediction‑market narrative evolving from last month’s “single giant” raise into a more distributed ecosystem build‑out. Eight prediction‑related projects secured seed or angel funding, including decentralized prediction venue XO Market at $6 million, meme‑inflected PUMPCADE with multiple rounds totaling $6 million, and Atlasx Protocol at $2 million.
That follows a March wave of capital that put prediction markets back on the map and now appears to be seeding a cluster of smaller, more specialized platforms instead of one or two dominant hubs. It mirrors trends covered in a recent crypto.news story, which noted that on‑chain betting has been moving from niche to mainstream around elections and macro themes.
Artificial intelligence is undergoing a similar diffusion. RootData tracked eight AI‑related crypto projects raising in April, spanning AI agents like Nava ($8.3 million seed) and AIW3.ai ($2 million), AI infrastructure such as Cluster Protocol ($5 million for decentralized model‑verification), and AI content creation startup Oh ($7.5 million Series A). The data supports what a separate crypto.news analysis recently described as “AI x crypto entering a multi‑pronged, experimentation phase.”
Kraken also delivered one of April’s most notable “on‑chain plus off‑chain” moves. In the same month it raised $200 million from Deutsche Bank, the exchange bought CFTC‑regulated derivatives venue Bitnomial for $550 million, reinforcing a dual strategy of using external capital while buying regulated market structure—an approach examined in a prior crypto.news feature.
On the investor side, GSR, Coinbase Ventures, L1D, Tether, Kosmos Ventures, and Animoca Brands tied as the most active backers, each disclosing three deals, according to RootData. Their activity aligns with a broader Q2 pattern crypto.news has highlighted in several reports, showing capital steadily returning to infrastructure, trading platforms, and AI‑adjacent projects even as overall deal sizes remain concentrated at the top.
Read more: Bitwise CIO says Big Tech could push stablecoin market to $4T
CeFi Drives $860 Million in April Crypto Fundraising As Prediction and AI Bets Spread
RootData data shows CeFi raised about $606 million across 8 deals, infrastructure $105 million across 14, and DeFi $90 million.
Summary
The crypto primary market saw approximately $860 million in disclosed fundraising in April 2026 across 55 deals, with centralized finance (CeFi) dominating capital flows.
CeFi, infrastructure, and DeFi led sector allocations with roughly $606 million, $105 million, and $90 million raised, respectively, while prediction markets and AI projects drew a growing number of early‑stage checks.
Two exchanges, Vietnamese CEX CAEX and global giant Kraken, accounted for about $580 million, or 67% of the month’s total, underscoring extreme capital concentration at the top.
CeFi concentration and sector breakdown
According to April data from Web3 analytics platform RootData, the disclosed total raised in the crypto primary market reached roughly $860 million, spread across 55 financing events and 5 M&A deals, a slight dip from March’s 62 events that still points to steady activity.
Capital was heavily skewed toward centralized platforms. CeFi topped the table with about $606 million raised across 8 deals, followed by infrastructure at $105 million across 14 deals, and DeFi at $90 million across 19 deals, making infrastructure the most active category by deal count as institutional attention continues to favor foundational tooling and rails.
The month’s top three rounds were all in the trading and L1 stack. Vietnamese exchange CAEX pulled in $380 million from backers including OKX Ventures and HashKey Capital, while global exchange Kraken raised a $200 million strategic investment from Deutsche Bank, and Layer‑1 project Pharos Network closed a $44 million Series A. Together, CAEX and Kraken accounted for roughly $580 million, or about 67% of all disclosed April capital, highlighting the ongoing concentration of money into a small number of CeFi leaders.
Read more: Bitcoin rally loses steam at $81K following Trump’s pause on ‘Project Freedom’
Prediction markets and AI funding broaden out
RootData’s sector drill‑down shows the prediction‑market narrative evolving from last month’s “single giant” raise into a more distributed ecosystem build‑out. Eight prediction‑related projects secured seed or angel funding, including decentralized prediction venue XO Market at $6 million, meme‑inflected PUMPCADE with multiple rounds totaling $6 million, and Atlasx Protocol at $2 million.
That follows a March wave of capital that put prediction markets back on the map and now appears to be seeding a cluster of smaller, more specialized platforms instead of one or two dominant hubs. It mirrors trends covered in a recent crypto.news story, which noted that on‑chain betting has been moving from niche to mainstream around elections and macro themes.
Artificial intelligence is undergoing a similar diffusion. RootData tracked eight AI‑related crypto projects raising in April, spanning AI agents like Nava ($8.3 million seed) and AIW3.ai ($2 million), AI infrastructure such as Cluster Protocol ($5 million for decentralized model‑verification), and AI content creation startup Oh ($7.5 million Series A). The data supports what a separate crypto.news analysis recently described as “AI x crypto entering a multi‑pronged, experimentation phase.”
Kraken also delivered one of April’s most notable “on‑chain plus off‑chain” moves. In the same month it raised $200 million from Deutsche Bank, the exchange bought CFTC‑regulated derivatives venue Bitnomial for $550 million, reinforcing a dual strategy of using external capital while buying regulated market structure—an approach examined in a prior crypto.news feature.
On the investor side, GSR, Coinbase Ventures, L1D, Tether, Kosmos Ventures, and Animoca Brands tied as the most active backers, each disclosing three deals, according to RootData. Their activity aligns with a broader Q2 pattern crypto.news has highlighted in several reports, showing capital steadily returning to infrastructure, trading platforms, and AI‑adjacent projects even as overall deal sizes remain concentrated at the top.
Read more: Bitwise CIO says Big Tech could push stablecoin market to $4T
Summary
The crypto primary market saw approximately $860 million in disclosed fundraising in April 2026 across 55 deals, with centralized finance (CeFi) dominating capital flows.
CeFi, infrastructure, and DeFi led sector allocations with roughly $606 million, $105 million, and $90 million raised, respectively, while prediction markets and AI projects drew a growing number of early‑stage checks.
Two exchanges, Vietnamese CEX CAEX and global giant Kraken, accounted for about $580 million, or 67% of the month’s total, underscoring extreme capital concentration at the top.
CeFi concentration and sector breakdown
According to April data from Web3 analytics platform RootData, the disclosed total raised in the crypto primary market reached roughly $860 million, spread across 55 financing events and 5 M&A deals, a slight dip from March’s 62 events that still points to steady activity.
Capital was heavily skewed toward centralized platforms. CeFi topped the table with about $606 million raised across 8 deals, followed by infrastructure at $105 million across 14 deals, and DeFi at $90 million across 19 deals, making infrastructure the most active category by deal count as institutional attention continues to favor foundational tooling and rails.
The month’s top three rounds were all in the trading and L1 stack. Vietnamese exchange CAEX pulled in $380 million from backers including OKX Ventures and HashKey Capital, while global exchange Kraken raised a $200 million strategic investment from Deutsche Bank, and Layer‑1 project Pharos Network closed a $44 million Series A. Together, CAEX and Kraken accounted for roughly $580 million, or about 67% of all disclosed April capital, highlighting the ongoing concentration of money into a small number of CeFi leaders.
Read more: Bitcoin rally loses steam at $81K following Trump’s pause on ‘Project Freedom’
Prediction markets and AI funding broaden out
RootData’s sector drill‑down shows the prediction‑market narrative evolving from last month’s “single giant” raise into a more distributed ecosystem build‑out. Eight prediction‑related projects secured seed or angel funding, including decentralized prediction venue XO Market at $6 million, meme‑inflected PUMPCADE with multiple rounds totaling $6 million, and Atlasx Protocol at $2 million.
That follows a March wave of capital that put prediction markets back on the map and now appears to be seeding a cluster of smaller, more specialized platforms instead of one or two dominant hubs. It mirrors trends covered in a recent crypto.news story, which noted that on‑chain betting has been moving from niche to mainstream around elections and macro themes.
Artificial intelligence is undergoing a similar diffusion. RootData tracked eight AI‑related crypto projects raising in April, spanning AI agents like Nava ($8.3 million seed) and AIW3.ai ($2 million), AI infrastructure such as Cluster Protocol ($5 million for decentralized model‑verification), and AI content creation startup Oh ($7.5 million Series A). The data supports what a separate crypto.news analysis recently described as “AI x crypto entering a multi‑pronged, experimentation phase.”
Kraken also delivered one of April’s most notable “on‑chain plus off‑chain” moves. In the same month it raised $200 million from Deutsche Bank, the exchange bought CFTC‑regulated derivatives venue Bitnomial for $550 million, reinforcing a dual strategy of using external capital while buying regulated market structure—an approach examined in a prior crypto.news feature.
On the investor side, GSR, Coinbase Ventures, L1D, Tether, Kosmos Ventures, and Animoca Brands tied as the most active backers, each disclosing three deals, according to RootData. Their activity aligns with a broader Q2 pattern crypto.news has highlighted in several reports, showing capital steadily returning to infrastructure, trading platforms, and AI‑adjacent projects even as overall deal sizes remain concentrated at the top.
Read more: Bitwise CIO says Big Tech could push stablecoin market to $4T
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BlockchainFX Could Be the Next Crypto to Buy and Hold for Short Term for Investors Who Missed TRO...Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
BlockchainFX gains attention alongside TRON as investors track timing and momentum in crypto markets.
Summary
BlockchainFX gains traction as a short-term play, with strong presale growth and clear launch pricing.
While TRON highlights past breakout gains, BlockchainFX draws attention with utility and timing.
With momentum building, BlockchainFX stands out for early entry upside and growing investor interest.
What happens when people spot a breakout too late and spend years thinking about the gains they missed? That is why the next crypto to buy and hold for short term keeps pulling so much search traffic, especially when new projects show real utility and fast-moving price news.
BlockchainFX (BFX) is now entering that conversation as major launch news builds, while TRON (TRX) price news still reminds the market how fast early entries can turn into massive wins. Both coins tell a story about timing, momentum, and what happens when a strong move starts before the crowd fully catches on.
BlockchainFX launch news, real utility, and why it looks like the next crypto to buy and hold for short term
BlockchainFX stands out because it is not selling a weak idea with a loud pitch. It is a licensed multi-asset Super App that brings crypto, stocks, forex, gold, and ETFs into one web3 platform. That solves a real problem for early buyers who are tired of switching between different exchanges, broker apps, wallets, and payment tools. With 500+ supported assets, a live beta app, and a clear launch plan, BlockchainFX has a stronger use case than many projects fighting for attention in the current crypto presale cycle.
The sales point gets even sharper when the numbers are placed side by side. BlockchainFX has already raised $14.44M+ from 24,350+ participants, while the current entry price remains $0.035 and the confirmed launch price is $0.05. That built-in gap gives early adopters a clear upside before public trading even begins. Bonus Code CEX60 adds 60% more $BFX coins until June 1 at 6 pm Dubai time, which makes this moment feel urgent. That is exactly why many are calling BlockchainFX the next crypto to buy and hold for the short term, especially with daily USDT rewards, revenue sharing, buybacks, token burns, Visa card access, and a 10% referral program all tied into the BlockchainFX presale.
BlockchainFX bonus code CEX60 and the $15m launch trigger are driving urgency
The biggest BlockchainFX news right now is simple and powerful. The presale is so close to $15M that the market can already feel the pressure building. Once that mark is hit, BlockchainFX moves into launch mode, which means the current $0.035 price may not stay available for long. That matters because many people do not regret bad projects; they regret waiting too long on good ones. This is where strong crypto presale momentum starts turning into action.
Bonus Code CEX60 pushes that urgency even harder because it offers 60% more $BFX coins before the June 1 deadline at 6 pm Dubai time. That is not some tiny extra perk buried in fine print. It is a major value booster for early buyers who want more exposure before launch. On top of that, higher tiers unlock premium perks like Metal and 18 Karat Gold BFX Visa Cards, trading credits up to $25,000, and stronger USDT reward potential. The closer BlockchainFX gets to $15M, the more this presale starts feeling like the kind of entry people later wish they had not delayed.
TRON price news shows how early doubt can turn into life-changing gains
TRON price news still hits hard because it reminds the market what happens when a coin gets dismissed too early. TRON launched at an ICO price of around $0.0019, and plenty of people treated it like background chatter. Then the numbers changed fast. From that tiny entry point to later highs above $0.30, TRON became one of the clearest examples of how a low-priced coin can multiply in a way that changes financial outcomes for the people who acted early.
That is why TRON still carries emotional weight in crypto conversations today. Many doubted it, many laughed, and many watched the move after it was already gone. The real sting was never the chart itself; it was the thought of what could have happened with earlier action. That is also the reason fresh projects keep getting attention. Crypto keeps creating new chances, and the people who missed one cycle never stop looking for the next serious setup before the wider market rushes in.
Is BlockchainFX the next crypto to buy and hold for short term after TRON?
TRON proved that doubted projects can create major wealth for people who get in before the wider market catches up. BlockchainFX now brings a different kind of appeal with a live beta, 500+ tradable assets, a revenue-sharing model, audited infrastructure, and a presale that has already raised $14.44M+. With the current BlockchainFX presale price at $0.035 and a confirmed launch price of $0.05, the value gap is clear and easy to understand.
The strongest call to action is right in front of the market. BlockchainFX presale buyers can still use Bonus Code CEX60 to secure 60% more $BFX coins before June 1 at 6 pm Dubai time, while the 10% referral rewards add another reason to move early. For readers still asking which project could be the next crypto to buy and hold for short term, BlockchainFX is building a case with real features, strong presale traction, and launch news that is getting harder to ignore.
For more information, visit the official website, X, and Telegram.
Read more: BlockchainFX faces off against Pepeto in this leading crypto to buy comparison
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
BlockchainFX Could Be the Next Crypto to Buy and Hold for Short Term for Investors Who Missed TRO...
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
BlockchainFX gains attention alongside TRON as investors track timing and momentum in crypto markets.
Summary
BlockchainFX gains traction as a short-term play, with strong presale growth and clear launch pricing.
While TRON highlights past breakout gains, BlockchainFX draws attention with utility and timing.
With momentum building, BlockchainFX stands out for early entry upside and growing investor interest.
What happens when people spot a breakout too late and spend years thinking about the gains they missed? That is why the next crypto to buy and hold for short term keeps pulling so much search traffic, especially when new projects show real utility and fast-moving price news.
BlockchainFX (BFX) is now entering that conversation as major launch news builds, while TRON (TRX) price news still reminds the market how fast early entries can turn into massive wins. Both coins tell a story about timing, momentum, and what happens when a strong move starts before the crowd fully catches on.
BlockchainFX launch news, real utility, and why it looks like the next crypto to buy and hold for short term
BlockchainFX stands out because it is not selling a weak idea with a loud pitch. It is a licensed multi-asset Super App that brings crypto, stocks, forex, gold, and ETFs into one web3 platform. That solves a real problem for early buyers who are tired of switching between different exchanges, broker apps, wallets, and payment tools. With 500+ supported assets, a live beta app, and a clear launch plan, BlockchainFX has a stronger use case than many projects fighting for attention in the current crypto presale cycle.
The sales point gets even sharper when the numbers are placed side by side. BlockchainFX has already raised $14.44M+ from 24,350+ participants, while the current entry price remains $0.035 and the confirmed launch price is $0.05. That built-in gap gives early adopters a clear upside before public trading even begins. Bonus Code CEX60 adds 60% more $BFX coins until June 1 at 6 pm Dubai time, which makes this moment feel urgent. That is exactly why many are calling BlockchainFX the next crypto to buy and hold for the short term, especially with daily USDT rewards, revenue sharing, buybacks, token burns, Visa card access, and a 10% referral program all tied into the BlockchainFX presale.
BlockchainFX bonus code CEX60 and the $15m launch trigger are driving urgency
The biggest BlockchainFX news right now is simple and powerful. The presale is so close to $15M that the market can already feel the pressure building. Once that mark is hit, BlockchainFX moves into launch mode, which means the current $0.035 price may not stay available for long. That matters because many people do not regret bad projects; they regret waiting too long on good ones. This is where strong crypto presale momentum starts turning into action.
Bonus Code CEX60 pushes that urgency even harder because it offers 60% more $BFX coins before the June 1 deadline at 6 pm Dubai time. That is not some tiny extra perk buried in fine print. It is a major value booster for early buyers who want more exposure before launch. On top of that, higher tiers unlock premium perks like Metal and 18 Karat Gold BFX Visa Cards, trading credits up to $25,000, and stronger USDT reward potential. The closer BlockchainFX gets to $15M, the more this presale starts feeling like the kind of entry people later wish they had not delayed.
TRON price news shows how early doubt can turn into life-changing gains
TRON price news still hits hard because it reminds the market what happens when a coin gets dismissed too early. TRON launched at an ICO price of around $0.0019, and plenty of people treated it like background chatter. Then the numbers changed fast. From that tiny entry point to later highs above $0.30, TRON became one of the clearest examples of how a low-priced coin can multiply in a way that changes financial outcomes for the people who acted early.
That is why TRON still carries emotional weight in crypto conversations today. Many doubted it, many laughed, and many watched the move after it was already gone. The real sting was never the chart itself; it was the thought of what could have happened with earlier action. That is also the reason fresh projects keep getting attention. Crypto keeps creating new chances, and the people who missed one cycle never stop looking for the next serious setup before the wider market rushes in.
Is BlockchainFX the next crypto to buy and hold for short term after TRON?
TRON proved that doubted projects can create major wealth for people who get in before the wider market catches up. BlockchainFX now brings a different kind of appeal with a live beta, 500+ tradable assets, a revenue-sharing model, audited infrastructure, and a presale that has already raised $14.44M+. With the current BlockchainFX presale price at $0.035 and a confirmed launch price of $0.05, the value gap is clear and easy to understand.
The strongest call to action is right in front of the market. BlockchainFX presale buyers can still use Bonus Code CEX60 to secure 60% more $BFX coins before June 1 at 6 pm Dubai time, while the 10% referral rewards add another reason to move early. For readers still asking which project could be the next crypto to buy and hold for short term, BlockchainFX is building a case with real features, strong presale traction, and launch news that is getting harder to ignore.
For more information, visit the official website, X, and Telegram.
Read more: BlockchainFX faces off against Pepeto in this leading crypto to buy comparison
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
BlockchainFX gains attention alongside TRON as investors track timing and momentum in crypto markets.
Summary
BlockchainFX gains traction as a short-term play, with strong presale growth and clear launch pricing.
While TRON highlights past breakout gains, BlockchainFX draws attention with utility and timing.
With momentum building, BlockchainFX stands out for early entry upside and growing investor interest.
What happens when people spot a breakout too late and spend years thinking about the gains they missed? That is why the next crypto to buy and hold for short term keeps pulling so much search traffic, especially when new projects show real utility and fast-moving price news.
BlockchainFX (BFX) is now entering that conversation as major launch news builds, while TRON (TRX) price news still reminds the market how fast early entries can turn into massive wins. Both coins tell a story about timing, momentum, and what happens when a strong move starts before the crowd fully catches on.
BlockchainFX launch news, real utility, and why it looks like the next crypto to buy and hold for short term
BlockchainFX stands out because it is not selling a weak idea with a loud pitch. It is a licensed multi-asset Super App that brings crypto, stocks, forex, gold, and ETFs into one web3 platform. That solves a real problem for early buyers who are tired of switching between different exchanges, broker apps, wallets, and payment tools. With 500+ supported assets, a live beta app, and a clear launch plan, BlockchainFX has a stronger use case than many projects fighting for attention in the current crypto presale cycle.
The sales point gets even sharper when the numbers are placed side by side. BlockchainFX has already raised $14.44M+ from 24,350+ participants, while the current entry price remains $0.035 and the confirmed launch price is $0.05. That built-in gap gives early adopters a clear upside before public trading even begins. Bonus Code CEX60 adds 60% more $BFX coins until June 1 at 6 pm Dubai time, which makes this moment feel urgent. That is exactly why many are calling BlockchainFX the next crypto to buy and hold for the short term, especially with daily USDT rewards, revenue sharing, buybacks, token burns, Visa card access, and a 10% referral program all tied into the BlockchainFX presale.
BlockchainFX bonus code CEX60 and the $15m launch trigger are driving urgency
The biggest BlockchainFX news right now is simple and powerful. The presale is so close to $15M that the market can already feel the pressure building. Once that mark is hit, BlockchainFX moves into launch mode, which means the current $0.035 price may not stay available for long. That matters because many people do not regret bad projects; they regret waiting too long on good ones. This is where strong crypto presale momentum starts turning into action.
Bonus Code CEX60 pushes that urgency even harder because it offers 60% more $BFX coins before the June 1 deadline at 6 pm Dubai time. That is not some tiny extra perk buried in fine print. It is a major value booster for early buyers who want more exposure before launch. On top of that, higher tiers unlock premium perks like Metal and 18 Karat Gold BFX Visa Cards, trading credits up to $25,000, and stronger USDT reward potential. The closer BlockchainFX gets to $15M, the more this presale starts feeling like the kind of entry people later wish they had not delayed.
TRON price news shows how early doubt can turn into life-changing gains
TRON price news still hits hard because it reminds the market what happens when a coin gets dismissed too early. TRON launched at an ICO price of around $0.0019, and plenty of people treated it like background chatter. Then the numbers changed fast. From that tiny entry point to later highs above $0.30, TRON became one of the clearest examples of how a low-priced coin can multiply in a way that changes financial outcomes for the people who acted early.
That is why TRON still carries emotional weight in crypto conversations today. Many doubted it, many laughed, and many watched the move after it was already gone. The real sting was never the chart itself; it was the thought of what could have happened with earlier action. That is also the reason fresh projects keep getting attention. Crypto keeps creating new chances, and the people who missed one cycle never stop looking for the next serious setup before the wider market rushes in.
Is BlockchainFX the next crypto to buy and hold for short term after TRON?
TRON proved that doubted projects can create major wealth for people who get in before the wider market catches up. BlockchainFX now brings a different kind of appeal with a live beta, 500+ tradable assets, a revenue-sharing model, audited infrastructure, and a presale that has already raised $14.44M+. With the current BlockchainFX presale price at $0.035 and a confirmed launch price of $0.05, the value gap is clear and easy to understand.
The strongest call to action is right in front of the market. BlockchainFX presale buyers can still use Bonus Code CEX60 to secure 60% more $BFX coins before June 1 at 6 pm Dubai time, while the 10% referral rewards add another reason to move early. For readers still asking which project could be the next crypto to buy and hold for short term, BlockchainFX is building a case with real features, strong presale traction, and launch news that is getting harder to ignore.
For more information, visit the official website, X, and Telegram.
Read more: BlockchainFX faces off against Pepeto in this leading crypto to buy comparison
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
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Article
CME Plans Bitcoin Volatility Futures As Hedging Demand GrowsCME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review.
Summary
CME’s new futures will track Bitcoin volatility, not whether BTC rises or falls in spot markets.
The contracts will settle to BVX, CME’s index for 30-day expected Bitcoin price swings.
The launch follows CME’s move toward 24/7 crypto derivatives trading for institutional market access.
The product will let traders take positions on Bitcoin’s expected price swings without betting on whether Bitcoin rises or falls.
The contracts will settle to the CME CF Bitcoin Volatility Index, known as BVX. The index measures 30-day forward-looking implied volatility using real-time Bitcoin options order book data from CME.
You might also like: Figure targets Fannie and Freddie with cheaper mortgage tech
CME adds a new Bitcoin risk tool
CME said the futures will serve traders who want exposure to Bitcoin volatility rather than Bitcoin’s spot price. That means users can hedge or trade around expected market movement without taking a direct bullish or bearish view.
Giovanni Vicioso, CME’s global head of cryptocurrency products, said the contracts would give traders a “critical new layer of risk management.” The product adds to CME’s growing crypto derivatives suite as more institutions use regulated tools to manage Bitcoin exposure.
Moreover, BVX does not track Bitcoin’s price directly. It reflects how the options market prices possible Bitcoin movement over the next 30 days.
CME said the index is published every second between 7 a.m. and 4 p.m. CT on CME trading days. This gives traders a live benchmark for volatility expectations during market hours.
The product may appeal to firms that hold Bitcoin but want a cleaner way to manage price swings. It may also support traders who want to express a view on market stress, calm conditions, or changing options demand.
Launch follows CME’s 24/7 crypto shift
The planned launch comes days after CME is set to move crypto futures and options closer to round-the-clock trading. As crypto.news reported, CME plans to begin 24/7 crypto futures and options trading on May 29, pending regulatory review.
That shift would leave only a short weekly maintenance window. The change aims to bring regulated crypto derivatives closer to the always-open nature of digital asset markets.
The same report noted that CME recorded $3 trillion in crypto notional activity in 2025. It also expanded beyond Bitcoin and Ether by adding futures for Cardano, Chainlink, and Stellar.
Bitcoin rebound keeps volatility in focus
Bitcoin (BTC) has recently traded near the $81,000 level after earlier weakness. Crypto.news data showed Bitcoin near $81,800, up over the past day and week at the time of review.
That price move keeps volatility products in focus. CME’s new futures will not decide whether traders are right on Bitcoin’s direction. Instead, they will test whether the market expects Bitcoin to stay calm or move sharply.
Read more: Anchorage Digital launches AI banking for autonomous payments
CME Plans Bitcoin Volatility Futures As Hedging Demand Grows
CME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review.
Summary
CME’s new futures will track Bitcoin volatility, not whether BTC rises or falls in spot markets.
The contracts will settle to BVX, CME’s index for 30-day expected Bitcoin price swings.
The launch follows CME’s move toward 24/7 crypto derivatives trading for institutional market access.
The product will let traders take positions on Bitcoin’s expected price swings without betting on whether Bitcoin rises or falls.
The contracts will settle to the CME CF Bitcoin Volatility Index, known as BVX. The index measures 30-day forward-looking implied volatility using real-time Bitcoin options order book data from CME.
You might also like: Figure targets Fannie and Freddie with cheaper mortgage tech
CME adds a new Bitcoin risk tool
CME said the futures will serve traders who want exposure to Bitcoin volatility rather than Bitcoin’s spot price. That means users can hedge or trade around expected market movement without taking a direct bullish or bearish view.
Giovanni Vicioso, CME’s global head of cryptocurrency products, said the contracts would give traders a “critical new layer of risk management.” The product adds to CME’s growing crypto derivatives suite as more institutions use regulated tools to manage Bitcoin exposure.
Moreover, BVX does not track Bitcoin’s price directly. It reflects how the options market prices possible Bitcoin movement over the next 30 days.
CME said the index is published every second between 7 a.m. and 4 p.m. CT on CME trading days. This gives traders a live benchmark for volatility expectations during market hours.
The product may appeal to firms that hold Bitcoin but want a cleaner way to manage price swings. It may also support traders who want to express a view on market stress, calm conditions, or changing options demand.
Launch follows CME’s 24/7 crypto shift
The planned launch comes days after CME is set to move crypto futures and options closer to round-the-clock trading. As crypto.news reported, CME plans to begin 24/7 crypto futures and options trading on May 29, pending regulatory review.
That shift would leave only a short weekly maintenance window. The change aims to bring regulated crypto derivatives closer to the always-open nature of digital asset markets.
The same report noted that CME recorded $3 trillion in crypto notional activity in 2025. It also expanded beyond Bitcoin and Ether by adding futures for Cardano, Chainlink, and Stellar.
Bitcoin rebound keeps volatility in focus
Bitcoin (BTC) has recently traded near the $81,000 level after earlier weakness. Crypto.news data showed Bitcoin near $81,800, up over the past day and week at the time of review.
That price move keeps volatility products in focus. CME’s new futures will not decide whether traders are right on Bitcoin’s direction. Instead, they will test whether the market expects Bitcoin to stay calm or move sharply.
Read more: Anchorage Digital launches AI banking for autonomous payments
Summary
CME’s new futures will track Bitcoin volatility, not whether BTC rises or falls in spot markets.
The contracts will settle to BVX, CME’s index for 30-day expected Bitcoin price swings.
The launch follows CME’s move toward 24/7 crypto derivatives trading for institutional market access.
The product will let traders take positions on Bitcoin’s expected price swings without betting on whether Bitcoin rises or falls.
The contracts will settle to the CME CF Bitcoin Volatility Index, known as BVX. The index measures 30-day forward-looking implied volatility using real-time Bitcoin options order book data from CME.
You might also like: Figure targets Fannie and Freddie with cheaper mortgage tech
CME adds a new Bitcoin risk tool
CME said the futures will serve traders who want exposure to Bitcoin volatility rather than Bitcoin’s spot price. That means users can hedge or trade around expected market movement without taking a direct bullish or bearish view.
Giovanni Vicioso, CME’s global head of cryptocurrency products, said the contracts would give traders a “critical new layer of risk management.” The product adds to CME’s growing crypto derivatives suite as more institutions use regulated tools to manage Bitcoin exposure.
Moreover, BVX does not track Bitcoin’s price directly. It reflects how the options market prices possible Bitcoin movement over the next 30 days.
CME said the index is published every second between 7 a.m. and 4 p.m. CT on CME trading days. This gives traders a live benchmark for volatility expectations during market hours.
The product may appeal to firms that hold Bitcoin but want a cleaner way to manage price swings. It may also support traders who want to express a view on market stress, calm conditions, or changing options demand.
Launch follows CME’s 24/7 crypto shift
The planned launch comes days after CME is set to move crypto futures and options closer to round-the-clock trading. As crypto.news reported, CME plans to begin 24/7 crypto futures and options trading on May 29, pending regulatory review.
That shift would leave only a short weekly maintenance window. The change aims to bring regulated crypto derivatives closer to the always-open nature of digital asset markets.
The same report noted that CME recorded $3 trillion in crypto notional activity in 2025. It also expanded beyond Bitcoin and Ether by adding futures for Cardano, Chainlink, and Stellar.
Bitcoin rebound keeps volatility in focus
Bitcoin (BTC) has recently traded near the $81,000 level after earlier weakness. Crypto.news data showed Bitcoin near $81,800, up over the past day and week at the time of review.
That price move keeps volatility products in focus. CME’s new futures will not decide whether traders are right on Bitcoin’s direction. Instead, they will test whether the market expects Bitcoin to stay calm or move sharply.
Read more: Anchorage Digital launches AI banking for autonomous payments
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Bitcoin Core Discloses Bug That Could Let Miners Crash NodesBitcoin Core developers disclosed a high-severity bug that could allow miners to remotely crash some Bitcoin nodes.
Summary
Bitcoin Core disclosed CVE-2024-52911, affecting versions before 29.0, with older nodes still exposed online.
Miners needed costly proof-of-work blocks to trigger crashes, making real-world abuse historically unlikely for attackers.
Cory Fields privately reported the bug in 2024, before Bitcoin Core 29.0 shipped patched software.
The issue, tracked as CVE-2024-52911, affected Bitcoin Core versions after 0.14.0 and before 29.0. The bug was fixed in Bitcoin Core 29.0, which was released in April 2025.
Bitcoin Core made the issue public on May 5, 2026, after the final vulnerable 28.x release line reached end of life on April 19.
You might also like: Bitcoin rally loses steam at $81K following Trump’s pause on ‘Project Freedom’
Bug affected block validation
The issue involved Bitcoin Core’s script interpreter during block validation. Bitcoin Core said a specially crafted block could cause a node to access memory after that data had already been freed.
During validation, Bitcoin Core pre-calculates transaction input data and sends script checks to background threads. In some cases, an invalid block could destroy cached data while another thread still tried to read it.
Bitcoin Core said this could allow an attacker with enough proof-of-work to crash victim nodes. It also said “it is possible” the crash could support remote code execution, though limits on block data made that outcome “unlikely.”
Attack required costly mining
The attack was not simple to carry out. A miner would need to produce a specially crafted block with enough proof-of-work to reach the chain tip.
That made the attack costly because such a block would be invalid. It could not earn a normal block reward, leaving the attacker to spend hashpower without collecting the usual mining payout.
Bitcoin Core did not say the bug had been used in real attacks. The advisory focused on the flaw, the fix, and the disclosure timeline.
The bug did not change Bitcoin’s consensus rules. It was tied to memory handling in Bitcoin Core software, not the rules that define valid Bitcoin transactions or blocks.
Cory Fields reported the flaw
Cory Fields of the MIT Digital Currency Initiative privately reported the bug on Nov. 2, 2024. Bitcoin Core said the report included a proof of concept and a proposed way to reduce the risk.
Pieter Wuille pushed a covert fix four days later through PR 31112. The pull request was merged on Dec. 3, 2024, before Bitcoin Core 29.0 shipped with the fix in April 2025.
The advisory followed Bitcoin Core’s disclosure policy for high-severity bugs. Its policy says high-severity issues are disclosed after the last affected release goes end of life.
In addition, node operators using Bitcoin Core versions before 29.0 still face the old bug. Bitcoin Core does not auto-update, so users must install newer versions manually.
A past report on blockchain decentralization risks cited research that 21% of Bitcoin nodes ran outdated Bitcoin Core software in June 2021. That context shows why older client versions can remain a security concern long after fixes ship.
Read more: a16z launches $2.2B crypto fund to back stablecoins, tokenized assets
Bitcoin Core Discloses Bug That Could Let Miners Crash Nodes
Bitcoin Core developers disclosed a high-severity bug that could allow miners to remotely crash some Bitcoin nodes.
Summary
Bitcoin Core disclosed CVE-2024-52911, affecting versions before 29.0, with older nodes still exposed online.
Miners needed costly proof-of-work blocks to trigger crashes, making real-world abuse historically unlikely for attackers.
Cory Fields privately reported the bug in 2024, before Bitcoin Core 29.0 shipped patched software.
The issue, tracked as CVE-2024-52911, affected Bitcoin Core versions after 0.14.0 and before 29.0. The bug was fixed in Bitcoin Core 29.0, which was released in April 2025.
Bitcoin Core made the issue public on May 5, 2026, after the final vulnerable 28.x release line reached end of life on April 19.
You might also like: Bitcoin rally loses steam at $81K following Trump’s pause on ‘Project Freedom’
Bug affected block validation
The issue involved Bitcoin Core’s script interpreter during block validation. Bitcoin Core said a specially crafted block could cause a node to access memory after that data had already been freed.
During validation, Bitcoin Core pre-calculates transaction input data and sends script checks to background threads. In some cases, an invalid block could destroy cached data while another thread still tried to read it.
Bitcoin Core said this could allow an attacker with enough proof-of-work to crash victim nodes. It also said “it is possible” the crash could support remote code execution, though limits on block data made that outcome “unlikely.”
Attack required costly mining
The attack was not simple to carry out. A miner would need to produce a specially crafted block with enough proof-of-work to reach the chain tip.
That made the attack costly because such a block would be invalid. It could not earn a normal block reward, leaving the attacker to spend hashpower without collecting the usual mining payout.
Bitcoin Core did not say the bug had been used in real attacks. The advisory focused on the flaw, the fix, and the disclosure timeline.
The bug did not change Bitcoin’s consensus rules. It was tied to memory handling in Bitcoin Core software, not the rules that define valid Bitcoin transactions or blocks.
Cory Fields reported the flaw
Cory Fields of the MIT Digital Currency Initiative privately reported the bug on Nov. 2, 2024. Bitcoin Core said the report included a proof of concept and a proposed way to reduce the risk.
Pieter Wuille pushed a covert fix four days later through PR 31112. The pull request was merged on Dec. 3, 2024, before Bitcoin Core 29.0 shipped with the fix in April 2025.
The advisory followed Bitcoin Core’s disclosure policy for high-severity bugs. Its policy says high-severity issues are disclosed after the last affected release goes end of life.
In addition, node operators using Bitcoin Core versions before 29.0 still face the old bug. Bitcoin Core does not auto-update, so users must install newer versions manually.
A past report on blockchain decentralization risks cited research that 21% of Bitcoin nodes ran outdated Bitcoin Core software in June 2021. That context shows why older client versions can remain a security concern long after fixes ship.
Read more: a16z launches $2.2B crypto fund to back stablecoins, tokenized assets
Summary
Bitcoin Core disclosed CVE-2024-52911, affecting versions before 29.0, with older nodes still exposed online.
Miners needed costly proof-of-work blocks to trigger crashes, making real-world abuse historically unlikely for attackers.
Cory Fields privately reported the bug in 2024, before Bitcoin Core 29.0 shipped patched software.
The issue, tracked as CVE-2024-52911, affected Bitcoin Core versions after 0.14.0 and before 29.0. The bug was fixed in Bitcoin Core 29.0, which was released in April 2025.
Bitcoin Core made the issue public on May 5, 2026, after the final vulnerable 28.x release line reached end of life on April 19.
You might also like: Bitcoin rally loses steam at $81K following Trump’s pause on ‘Project Freedom’
Bug affected block validation
The issue involved Bitcoin Core’s script interpreter during block validation. Bitcoin Core said a specially crafted block could cause a node to access memory after that data had already been freed.
During validation, Bitcoin Core pre-calculates transaction input data and sends script checks to background threads. In some cases, an invalid block could destroy cached data while another thread still tried to read it.
Bitcoin Core said this could allow an attacker with enough proof-of-work to crash victim nodes. It also said “it is possible” the crash could support remote code execution, though limits on block data made that outcome “unlikely.”
Attack required costly mining
The attack was not simple to carry out. A miner would need to produce a specially crafted block with enough proof-of-work to reach the chain tip.
That made the attack costly because such a block would be invalid. It could not earn a normal block reward, leaving the attacker to spend hashpower without collecting the usual mining payout.
Bitcoin Core did not say the bug had been used in real attacks. The advisory focused on the flaw, the fix, and the disclosure timeline.
The bug did not change Bitcoin’s consensus rules. It was tied to memory handling in Bitcoin Core software, not the rules that define valid Bitcoin transactions or blocks.
Cory Fields reported the flaw
Cory Fields of the MIT Digital Currency Initiative privately reported the bug on Nov. 2, 2024. Bitcoin Core said the report included a proof of concept and a proposed way to reduce the risk.
Pieter Wuille pushed a covert fix four days later through PR 31112. The pull request was merged on Dec. 3, 2024, before Bitcoin Core 29.0 shipped with the fix in April 2025.
The advisory followed Bitcoin Core’s disclosure policy for high-severity bugs. Its policy says high-severity issues are disclosed after the last affected release goes end of life.
In addition, node operators using Bitcoin Core versions before 29.0 still face the old bug. Bitcoin Core does not auto-update, so users must install newer versions manually.
A past report on blockchain decentralization risks cited research that 21% of Bitcoin nodes ran outdated Bitcoin Core software in June 2021. That context shows why older client versions can remain a security concern long after fixes ship.
Read more: a16z launches $2.2B crypto fund to back stablecoins, tokenized assets
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Wall Street Warns Legacy Markets Lag Crypto SpeedWall Street executives warned at Consensus 2026 that legacy markets built for slower trading are breaking under 24/7 crypto pressure.
Summary
Top executives at Consensus 2026 in Miami warned that traditional financial infrastructure was designed for human-paced, scheduled trading.
Round-the-clock, machine-driven crypto activity is creating growing friction with settlement systems built for fixed market hours.
The pressure is accelerating institutional demand for tokenized settlement, real-time clearing, and upgraded market infrastructure.
Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built to absorb round-the-clock, machine-driven trading.
As crypto markets operate continuously and algorithmic activity accelerates, legacy systems built for scheduled market hours and human-paced settlement are showing strain. Consensus 2026 drew over 20,000 attendees and broke records for regulatory presence, with Bitcoin breaking $80,000 on the conference’s opening day.
The friction is most acute in settlement infrastructure. Traditional clearing systems process trades in scheduled batches tied to market open and close times, a design that works for equities with fixed hours but fails under continuous pressure.
Executives at the conference pointed to tokenized settlement as the most credible path forward, allowing trades to settle continuously on blockchain rails rather than queuing in legacy batch cycles.
You might also like: OnRe Finance raises $5M as Forward lines up $25M ONyc buy
Tokenization as the infrastructure answer
The argument maps directly to regulatory developments already in motion. Nasdaq won SEC approval to trial tokenized stock trading in March 2026, allowing eligible participants to trade securities in traditional or blockchain form on the same platform.
The Federal Reserve also issued guidance confirming that tokenized securities receive the same capital treatment as conventional equivalents, removing a key institutional adoption barrier.
Bullish’s $4.2 billion acquisition of transfer agent Equiniti, announced today, offers the most direct institutional response to the infrastructure gap. Bullish described the deal as creating “the global transfer agent for tokenized securities,” a company serving 3,000 existing corporate clients and 20 million shareholders.
The Consensus warnings and the Bullish deal together frame the conference as the moment the gap between legacy market infrastructure and 24/7 crypto reality became a shared institutional problem rather than a fringe concern.
Read more: Pi Network launches Protocol 23 push at Consensus 2026
Wall Street Warns Legacy Markets Lag Crypto Speed
Wall Street executives warned at Consensus 2026 that legacy markets built for slower trading are breaking under 24/7 crypto pressure.
Summary
Top executives at Consensus 2026 in Miami warned that traditional financial infrastructure was designed for human-paced, scheduled trading.
Round-the-clock, machine-driven crypto activity is creating growing friction with settlement systems built for fixed market hours.
The pressure is accelerating institutional demand for tokenized settlement, real-time clearing, and upgraded market infrastructure.
Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built to absorb round-the-clock, machine-driven trading.
As crypto markets operate continuously and algorithmic activity accelerates, legacy systems built for scheduled market hours and human-paced settlement are showing strain. Consensus 2026 drew over 20,000 attendees and broke records for regulatory presence, with Bitcoin breaking $80,000 on the conference’s opening day.
The friction is most acute in settlement infrastructure. Traditional clearing systems process trades in scheduled batches tied to market open and close times, a design that works for equities with fixed hours but fails under continuous pressure.
Executives at the conference pointed to tokenized settlement as the most credible path forward, allowing trades to settle continuously on blockchain rails rather than queuing in legacy batch cycles.
You might also like: OnRe Finance raises $5M as Forward lines up $25M ONyc buy
Tokenization as the infrastructure answer
The argument maps directly to regulatory developments already in motion. Nasdaq won SEC approval to trial tokenized stock trading in March 2026, allowing eligible participants to trade securities in traditional or blockchain form on the same platform.
The Federal Reserve also issued guidance confirming that tokenized securities receive the same capital treatment as conventional equivalents, removing a key institutional adoption barrier.
Bullish’s $4.2 billion acquisition of transfer agent Equiniti, announced today, offers the most direct institutional response to the infrastructure gap. Bullish described the deal as creating “the global transfer agent for tokenized securities,” a company serving 3,000 existing corporate clients and 20 million shareholders.
The Consensus warnings and the Bullish deal together frame the conference as the moment the gap between legacy market infrastructure and 24/7 crypto reality became a shared institutional problem rather than a fringe concern.
Read more: Pi Network launches Protocol 23 push at Consensus 2026
Summary
Top executives at Consensus 2026 in Miami warned that traditional financial infrastructure was designed for human-paced, scheduled trading.
Round-the-clock, machine-driven crypto activity is creating growing friction with settlement systems built for fixed market hours.
The pressure is accelerating institutional demand for tokenized settlement, real-time clearing, and upgraded market infrastructure.
Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built to absorb round-the-clock, machine-driven trading.
As crypto markets operate continuously and algorithmic activity accelerates, legacy systems built for scheduled market hours and human-paced settlement are showing strain. Consensus 2026 drew over 20,000 attendees and broke records for regulatory presence, with Bitcoin breaking $80,000 on the conference’s opening day.
The friction is most acute in settlement infrastructure. Traditional clearing systems process trades in scheduled batches tied to market open and close times, a design that works for equities with fixed hours but fails under continuous pressure.
Executives at the conference pointed to tokenized settlement as the most credible path forward, allowing trades to settle continuously on blockchain rails rather than queuing in legacy batch cycles.
You might also like: OnRe Finance raises $5M as Forward lines up $25M ONyc buy
Tokenization as the infrastructure answer
The argument maps directly to regulatory developments already in motion. Nasdaq won SEC approval to trial tokenized stock trading in March 2026, allowing eligible participants to trade securities in traditional or blockchain form on the same platform.
The Federal Reserve also issued guidance confirming that tokenized securities receive the same capital treatment as conventional equivalents, removing a key institutional adoption barrier.
Bullish’s $4.2 billion acquisition of transfer agent Equiniti, announced today, offers the most direct institutional response to the infrastructure gap. Bullish described the deal as creating “the global transfer agent for tokenized securities,” a company serving 3,000 existing corporate clients and 20 million shareholders.
The Consensus warnings and the Bullish deal together frame the conference as the moment the gap between legacy market infrastructure and 24/7 crypto reality became a shared institutional problem rather than a fringe concern.
Read more: Pi Network launches Protocol 23 push at Consensus 2026
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Bullish Acquisition of Equiniti Targets Tokenized SecuritiesThe Bullish acquisition of Equiniti, announced today, values the transfer agent at $4.2 billion
Summary
Bullish will acquire Equiniti, a transfer agent serving 3,000 major companies and 20 million shareholders, for $4.2 billion.
The deal positions Bullish as the global infrastructure provider for tokenized securities at institutional scale.
Equiniti’s existing shareholder registry network gives Bullish immediate reach into the ownership data that tokenized securities require.
The Bullish acquisition of Equiniti, announced on May 5, positions the crypto exchange as a core piece of infrastructure for tokenized securities markets. Equiniti currently serves as a transfer agent for 3,000 major companies and manages records for approximately 20 million shareholders, giving Bullish immediate access to the institutional backbone of traditional equity markets. Bullish described the deal as creating “the global transfer agent for tokenized securities.”
Transfer agents occupy a critical position in capital markets. They maintain official records of share ownership, process dividend payments, and manage corporate actions like stock splits. Acquiring one at Equiniti’s scale gives Bullish a direct line into the ownership data that tokenized securities need to function at institutional grade.
You might also like: Pi Network launches Protocol 23 push at Consensus 2026
What Equiniti’s client base means at scale
The deal arrives as the regulatory and institutional infrastructure for tokenized securities is rapidly taking shape. Nasdaq won SEC approval to trial tokenized stock trading in March 2026, and the Federal Reserve issued guidance on how banks should treat tokenized securities, establishing the regulatory framework that makes deals like this commercially viable.
Bullish’s move is larger in ambition than either of those. Buying a traditional financial infrastructure firm and reorienting it around tokenization is a bet that the next phase of capital markets runs on blockchain rails, and that owning the transfer agent layer is the most defensible position in that transition.
A transfer agent that handles 20 million shareholders does not just hold records. It holds the relationships, the legal registrations, and the operational history that tokenized equity issuers will need to port onto blockchain infrastructure with regulatory confidence.
Tokenized stocks have already reached a $1.2 billion market cap as institutional interest accelerates, with Nasdaq, Securitize, and Ondo Finance all building competing infrastructure. Bullish’s acquisition of Equiniti gives it a structural advantage none of those competitors can replicate quickly: a working transfer agent with 3,000 existing corporate clients and 20 million shareholder records already in place.
Read more: Bitcoin surges above $80,000 on $629m ETF inflows: AJC Mining offers free cloud mining, helping users boost their earnings potential
Bullish Acquisition of Equiniti Targets Tokenized Securities
The Bullish acquisition of Equiniti, announced today, values the transfer agent at $4.2 billion
Summary
Bullish will acquire Equiniti, a transfer agent serving 3,000 major companies and 20 million shareholders, for $4.2 billion.
The deal positions Bullish as the global infrastructure provider for tokenized securities at institutional scale.
Equiniti’s existing shareholder registry network gives Bullish immediate reach into the ownership data that tokenized securities require.
The Bullish acquisition of Equiniti, announced on May 5, positions the crypto exchange as a core piece of infrastructure for tokenized securities markets. Equiniti currently serves as a transfer agent for 3,000 major companies and manages records for approximately 20 million shareholders, giving Bullish immediate access to the institutional backbone of traditional equity markets. Bullish described the deal as creating “the global transfer agent for tokenized securities.”
Transfer agents occupy a critical position in capital markets. They maintain official records of share ownership, process dividend payments, and manage corporate actions like stock splits. Acquiring one at Equiniti’s scale gives Bullish a direct line into the ownership data that tokenized securities need to function at institutional grade.
You might also like: Pi Network launches Protocol 23 push at Consensus 2026
What Equiniti’s client base means at scale
The deal arrives as the regulatory and institutional infrastructure for tokenized securities is rapidly taking shape. Nasdaq won SEC approval to trial tokenized stock trading in March 2026, and the Federal Reserve issued guidance on how banks should treat tokenized securities, establishing the regulatory framework that makes deals like this commercially viable.
Bullish’s move is larger in ambition than either of those. Buying a traditional financial infrastructure firm and reorienting it around tokenization is a bet that the next phase of capital markets runs on blockchain rails, and that owning the transfer agent layer is the most defensible position in that transition.
A transfer agent that handles 20 million shareholders does not just hold records. It holds the relationships, the legal registrations, and the operational history that tokenized equity issuers will need to port onto blockchain infrastructure with regulatory confidence.
Tokenized stocks have already reached a $1.2 billion market cap as institutional interest accelerates, with Nasdaq, Securitize, and Ondo Finance all building competing infrastructure. Bullish’s acquisition of Equiniti gives it a structural advantage none of those competitors can replicate quickly: a working transfer agent with 3,000 existing corporate clients and 20 million shareholder records already in place.
Read more: Bitcoin surges above $80,000 on $629m ETF inflows: AJC Mining offers free cloud mining, helping users boost their earnings potential
Summary
Bullish will acquire Equiniti, a transfer agent serving 3,000 major companies and 20 million shareholders, for $4.2 billion.
The deal positions Bullish as the global infrastructure provider for tokenized securities at institutional scale.
Equiniti’s existing shareholder registry network gives Bullish immediate reach into the ownership data that tokenized securities require.
The Bullish acquisition of Equiniti, announced on May 5, positions the crypto exchange as a core piece of infrastructure for tokenized securities markets. Equiniti currently serves as a transfer agent for 3,000 major companies and manages records for approximately 20 million shareholders, giving Bullish immediate access to the institutional backbone of traditional equity markets. Bullish described the deal as creating “the global transfer agent for tokenized securities.”
Transfer agents occupy a critical position in capital markets. They maintain official records of share ownership, process dividend payments, and manage corporate actions like stock splits. Acquiring one at Equiniti’s scale gives Bullish a direct line into the ownership data that tokenized securities need to function at institutional grade.
You might also like: Pi Network launches Protocol 23 push at Consensus 2026
What Equiniti’s client base means at scale
The deal arrives as the regulatory and institutional infrastructure for tokenized securities is rapidly taking shape. Nasdaq won SEC approval to trial tokenized stock trading in March 2026, and the Federal Reserve issued guidance on how banks should treat tokenized securities, establishing the regulatory framework that makes deals like this commercially viable.
Bullish’s move is larger in ambition than either of those. Buying a traditional financial infrastructure firm and reorienting it around tokenization is a bet that the next phase of capital markets runs on blockchain rails, and that owning the transfer agent layer is the most defensible position in that transition.
A transfer agent that handles 20 million shareholders does not just hold records. It holds the relationships, the legal registrations, and the operational history that tokenized equity issuers will need to port onto blockchain infrastructure with regulatory confidence.
Tokenized stocks have already reached a $1.2 billion market cap as institutional interest accelerates, with Nasdaq, Securitize, and Ondo Finance all building competing infrastructure. Bullish’s acquisition of Equiniti gives it a structural advantage none of those competitors can replicate quickly: a working transfer agent with 3,000 existing corporate clients and 20 million shareholder records already in place.
Read more: Bitcoin surges above $80,000 on $629m ETF inflows: AJC Mining offers free cloud mining, helping users boost their earnings potential
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Pi Network Launches Protocol 23 Push At Consensus 2026Pi Network co-founders took the Consensus 2026 stage in Miami, six days before Protocol 23 activates on May 11
Summary
Dr. Chengdiao Fan spoke at Consensus 2026 on May 6 on aligning Web3, AI, and blockchain for utility at the Convergence Stage.
Nicolas Kokkalis joined a May 7 panel on proving human identity online without exposing personal data.
Both sessions are timed to build momentum ahead of Pi Network’s Protocol 23 launch, which activates on May 11.
Pi Network co-founders Dr. Chengdiao Fan and Nicolas Kokkalis both appeared at Consensus 2026 in Miami this week, speaking to over 20,000 attendees including institutional investors and government representatives. Fan addressed the Convergence Stage on May 6, delivering a session titled “Aligning Web3, AI, and Blockchain for Utility,” while Kokkalis joined a May 7 panel called “How to Prove You’re Human in an AI World (Without Doxing Yourself).”
The appearances are precisely timed. As crypto.news reported, Pi Network’s Protocol 23 activates on May 11, four days after the conference closes, introducing full smart contract functionality to the Pi blockchain for the first time. The Consensus stage gives the co-founders maximum public visibility immediately before their most consequential technical upgrade.
You might also like: Ripple to share DPRK hacker intel with crypto industry after $577M in DeFi hacks
Identity and AI as Pi’s central argument
Kokkalis’s panel placed Pi Network’s KYC-verified user base at the centre of one of the most pressing problems in the AI era: how to confirm that a user is human when AI can simulate human behaviour convincingly. Pi Network argues its 18 million verified users and 526 million completed KYC validation tasks give it a structural answer that pure code-based blockchains cannot replicate.
Fan’s session argued that utility, not speculation, must drive the next phase of crypto adoption. Pi Network’s official X account confirmed that Fan stated on stage: “This is the infrastructure Pi has been building since 2019,” directly connecting the network’s years of identity verification work to the AI era’s governance challenge.
With Protocol 23 days away, Consensus 2026 gave Pi Network’s founders a high-profile window to frame what the upgrade delivers before the launch itself defines the story. As crypto.news tracked, PI rose more than 5% on April 29 when both founders were confirmed as speakers, with the token near $0.187 entering conference week.
Read more: U.S. stocks open higher as storage names rally and PayPal sinks
Pi Network Launches Protocol 23 Push At Consensus 2026
Pi Network co-founders took the Consensus 2026 stage in Miami, six days before Protocol 23 activates on May 11
Summary
Dr. Chengdiao Fan spoke at Consensus 2026 on May 6 on aligning Web3, AI, and blockchain for utility at the Convergence Stage.
Nicolas Kokkalis joined a May 7 panel on proving human identity online without exposing personal data.
Both sessions are timed to build momentum ahead of Pi Network’s Protocol 23 launch, which activates on May 11.
Pi Network co-founders Dr. Chengdiao Fan and Nicolas Kokkalis both appeared at Consensus 2026 in Miami this week, speaking to over 20,000 attendees including institutional investors and government representatives. Fan addressed the Convergence Stage on May 6, delivering a session titled “Aligning Web3, AI, and Blockchain for Utility,” while Kokkalis joined a May 7 panel called “How to Prove You’re Human in an AI World (Without Doxing Yourself).”
The appearances are precisely timed. As crypto.news reported, Pi Network’s Protocol 23 activates on May 11, four days after the conference closes, introducing full smart contract functionality to the Pi blockchain for the first time. The Consensus stage gives the co-founders maximum public visibility immediately before their most consequential technical upgrade.
You might also like: Ripple to share DPRK hacker intel with crypto industry after $577M in DeFi hacks
Identity and AI as Pi’s central argument
Kokkalis’s panel placed Pi Network’s KYC-verified user base at the centre of one of the most pressing problems in the AI era: how to confirm that a user is human when AI can simulate human behaviour convincingly. Pi Network argues its 18 million verified users and 526 million completed KYC validation tasks give it a structural answer that pure code-based blockchains cannot replicate.
Fan’s session argued that utility, not speculation, must drive the next phase of crypto adoption. Pi Network’s official X account confirmed that Fan stated on stage: “This is the infrastructure Pi has been building since 2019,” directly connecting the network’s years of identity verification work to the AI era’s governance challenge.
With Protocol 23 days away, Consensus 2026 gave Pi Network’s founders a high-profile window to frame what the upgrade delivers before the launch itself defines the story. As crypto.news tracked, PI rose more than 5% on April 29 when both founders were confirmed as speakers, with the token near $0.187 entering conference week.
Read more: U.S. stocks open higher as storage names rally and PayPal sinks
Summary
Dr. Chengdiao Fan spoke at Consensus 2026 on May 6 on aligning Web3, AI, and blockchain for utility at the Convergence Stage.
Nicolas Kokkalis joined a May 7 panel on proving human identity online without exposing personal data.
Both sessions are timed to build momentum ahead of Pi Network’s Protocol 23 launch, which activates on May 11.
Pi Network co-founders Dr. Chengdiao Fan and Nicolas Kokkalis both appeared at Consensus 2026 in Miami this week, speaking to over 20,000 attendees including institutional investors and government representatives. Fan addressed the Convergence Stage on May 6, delivering a session titled “Aligning Web3, AI, and Blockchain for Utility,” while Kokkalis joined a May 7 panel called “How to Prove You’re Human in an AI World (Without Doxing Yourself).”
The appearances are precisely timed. As crypto.news reported, Pi Network’s Protocol 23 activates on May 11, four days after the conference closes, introducing full smart contract functionality to the Pi blockchain for the first time. The Consensus stage gives the co-founders maximum public visibility immediately before their most consequential technical upgrade.
You might also like: Ripple to share DPRK hacker intel with crypto industry after $577M in DeFi hacks
Identity and AI as Pi’s central argument
Kokkalis’s panel placed Pi Network’s KYC-verified user base at the centre of one of the most pressing problems in the AI era: how to confirm that a user is human when AI can simulate human behaviour convincingly. Pi Network argues its 18 million verified users and 526 million completed KYC validation tasks give it a structural answer that pure code-based blockchains cannot replicate.
Fan’s session argued that utility, not speculation, must drive the next phase of crypto adoption. Pi Network’s official X account confirmed that Fan stated on stage: “This is the infrastructure Pi has been building since 2019,” directly connecting the network’s years of identity verification work to the AI era’s governance challenge.
With Protocol 23 days away, Consensus 2026 gave Pi Network’s founders a high-profile window to frame what the upgrade delivers before the launch itself defines the story. As crypto.news tracked, PI rose more than 5% on April 29 when both founders were confirmed as speakers, with the token near $0.187 entering conference week.
Read more: U.S. stocks open higher as storage names rally and PayPal sinks
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Three Reasons Why Pi Network Price Eyes Break Above $0.20 SoonPi Network price is hovering near the $0.18 mark, holding steady despite recent volatility as a mix of event-driven catalysts and improving technical structure builds a case for a push toward the $0.20 resistance.
Summary
Pi Network trades near $0.18 within a tight $0.17–$0.19 range, with consolidation signaling potential breakout toward $0.20 resistance.
Upcoming catalysts include Consensus 2026 exposure and the May 11 Protocol 23 upgrade, which will introduce smart contracts and expand ecosystem utility.
Reduced exchange inflows and a pause in token migrations are easing sell pressure, though May’s 184.5 million token unlock remains a key risk.
According to data from crypto.news, Pi Network (PI) was trading around $0.179–$0.181 at press time on May 5, after briefly testing highs near $0.19 in recent sessions. The token has largely consolidated within a tight $0.17–$0.19 range since mid-April, suggesting accumulation as traders position ahead of key developments.
The current setup reflects a market waiting for a trigger, with both fundamentals and chart structure pointing toward a potential breakout attempt.
There are three main reasons why Pi Network price could see more upside in the coming week.
First, investor attention for the token has picked up ahead of Pi Network’s high-profile appearance at Consensus 2026 in Miami, scheduled for May 6–7. Co-founders Nicolas Kokkalis and Chengdiao Fan are set to speak at the event, placing the project in front of a global audience of institutional players, developers, and retail participants.
You might also like: UAE Innovation City launches blockchain IDs for companies
The visibility comes at a critical time for the network, with expectations building around updates tied to the open mainnet roadmap and its AI-focused identity verification layer. Such events have historically acted as short-term sentiment catalysts, often driving speculative inflows.
Second, the upcoming Protocol 23 upgrade, scheduled for May 11, remains the most important fundamental driver in the short term. It will introduce full smart contract functionality, marking a transition from a simple transfer network to a programmable blockchain capable of supporting decentralized applications.
The shift could unlock new ecosystem components, including a native decentralized exchange and token launchpad, both of which may create organic demand for PI as utility expands.
Market participants are increasingly pricing in this transition, with the upgrade acting as a clear narrative catalyst heading into mid-May.
Third, On-chain and structural factors are also working in favor of bulls. A recent pause in mainnet migrations has slowed the flow of new tokens into circulation, reducing immediate sell pressure. At the same time, declining exchange inflows point to fewer tokens being positioned for short-term selling.
Pi Network price analysis
On the daily chart, Pi Network price continues to consolidate within a narrowing range, with volatility compressing since the sharp spike seen in early March.
Pi Network price, Supertrend chart — May 5 | Source: crypto.news
The structure resembles a base formation, where higher lows are gradually forming near the $0.17 region while resistance remains capped below $0.19. This type of setup often precedes an expansion move once resistance is cleared.
The Supertrend indicator remains close to price, signaling a neutral-to-bullish bias as long as PI holds above the $0.17 support zone. Meanwhile, the 100-day and 200-day moving averages, positioned near $0.176 and $0.196 respectively, highlight the importance of the $0.19–$0.20 region as a key breakout area.
A sustained close above $0.185 would likely confirm short-term strength and increase the probability of a retest of $0.20. If momentum builds around the Protocol 23 timeline, an extension toward the $0.21–$0.22 range could follow.
However, risks remain on the horizon. Around 184.5 million PI tokens are scheduled to unlock throughout May, which could introduce fresh selling pressure if early holders choose to exit positions.
If the price fails to break above resistance, it may continue ranging or slip back toward the $0.17 support, with a deeper move potentially retesting the $0.165 level.
For now, the short-term outlook remains cautiously bullish, supported by tightening supply, upcoming catalysts, and a chart structure that is gradually tilting in favor of buyers.
Read more: Cipher Digital secures $200M credit line to scale AI and HPC footprint
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Three Reasons Why Pi Network Price Eyes Break Above $0.20 Soon
Pi Network price is hovering near the $0.18 mark, holding steady despite recent volatility as a mix of event-driven catalysts and improving technical structure builds a case for a push toward the $0.20 resistance.
Summary
Pi Network trades near $0.18 within a tight $0.17–$0.19 range, with consolidation signaling potential breakout toward $0.20 resistance.
Upcoming catalysts include Consensus 2026 exposure and the May 11 Protocol 23 upgrade, which will introduce smart contracts and expand ecosystem utility.
Reduced exchange inflows and a pause in token migrations are easing sell pressure, though May’s 184.5 million token unlock remains a key risk.
According to data from crypto.news, Pi Network (PI) was trading around $0.179–$0.181 at press time on May 5, after briefly testing highs near $0.19 in recent sessions. The token has largely consolidated within a tight $0.17–$0.19 range since mid-April, suggesting accumulation as traders position ahead of key developments.
The current setup reflects a market waiting for a trigger, with both fundamentals and chart structure pointing toward a potential breakout attempt.
There are three main reasons why Pi Network price could see more upside in the coming week.
First, investor attention for the token has picked up ahead of Pi Network’s high-profile appearance at Consensus 2026 in Miami, scheduled for May 6–7. Co-founders Nicolas Kokkalis and Chengdiao Fan are set to speak at the event, placing the project in front of a global audience of institutional players, developers, and retail participants.
You might also like: UAE Innovation City launches blockchain IDs for companies
The visibility comes at a critical time for the network, with expectations building around updates tied to the open mainnet roadmap and its AI-focused identity verification layer. Such events have historically acted as short-term sentiment catalysts, often driving speculative inflows.
Second, the upcoming Protocol 23 upgrade, scheduled for May 11, remains the most important fundamental driver in the short term. It will introduce full smart contract functionality, marking a transition from a simple transfer network to a programmable blockchain capable of supporting decentralized applications.
The shift could unlock new ecosystem components, including a native decentralized exchange and token launchpad, both of which may create organic demand for PI as utility expands.
Market participants are increasingly pricing in this transition, with the upgrade acting as a clear narrative catalyst heading into mid-May.
Third, On-chain and structural factors are also working in favor of bulls. A recent pause in mainnet migrations has slowed the flow of new tokens into circulation, reducing immediate sell pressure. At the same time, declining exchange inflows point to fewer tokens being positioned for short-term selling.
Pi Network price analysis
On the daily chart, Pi Network price continues to consolidate within a narrowing range, with volatility compressing since the sharp spike seen in early March.
Pi Network price, Supertrend chart — May 5 | Source: crypto.news
The structure resembles a base formation, where higher lows are gradually forming near the $0.17 region while resistance remains capped below $0.19. This type of setup often precedes an expansion move once resistance is cleared.
The Supertrend indicator remains close to price, signaling a neutral-to-bullish bias as long as PI holds above the $0.17 support zone. Meanwhile, the 100-day and 200-day moving averages, positioned near $0.176 and $0.196 respectively, highlight the importance of the $0.19–$0.20 region as a key breakout area.
A sustained close above $0.185 would likely confirm short-term strength and increase the probability of a retest of $0.20. If momentum builds around the Protocol 23 timeline, an extension toward the $0.21–$0.22 range could follow.
However, risks remain on the horizon. Around 184.5 million PI tokens are scheduled to unlock throughout May, which could introduce fresh selling pressure if early holders choose to exit positions.
If the price fails to break above resistance, it may continue ranging or slip back toward the $0.17 support, with a deeper move potentially retesting the $0.165 level.
For now, the short-term outlook remains cautiously bullish, supported by tightening supply, upcoming catalysts, and a chart structure that is gradually tilting in favor of buyers.
Read more: Cipher Digital secures $200M credit line to scale AI and HPC footprint
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Summary
Pi Network trades near $0.18 within a tight $0.17–$0.19 range, with consolidation signaling potential breakout toward $0.20 resistance.
Upcoming catalysts include Consensus 2026 exposure and the May 11 Protocol 23 upgrade, which will introduce smart contracts and expand ecosystem utility.
Reduced exchange inflows and a pause in token migrations are easing sell pressure, though May’s 184.5 million token unlock remains a key risk.
According to data from crypto.news, Pi Network (PI) was trading around $0.179–$0.181 at press time on May 5, after briefly testing highs near $0.19 in recent sessions. The token has largely consolidated within a tight $0.17–$0.19 range since mid-April, suggesting accumulation as traders position ahead of key developments.
The current setup reflects a market waiting for a trigger, with both fundamentals and chart structure pointing toward a potential breakout attempt.
There are three main reasons why Pi Network price could see more upside in the coming week.
First, investor attention for the token has picked up ahead of Pi Network’s high-profile appearance at Consensus 2026 in Miami, scheduled for May 6–7. Co-founders Nicolas Kokkalis and Chengdiao Fan are set to speak at the event, placing the project in front of a global audience of institutional players, developers, and retail participants.
You might also like: UAE Innovation City launches blockchain IDs for companies
The visibility comes at a critical time for the network, with expectations building around updates tied to the open mainnet roadmap and its AI-focused identity verification layer. Such events have historically acted as short-term sentiment catalysts, often driving speculative inflows.
Second, the upcoming Protocol 23 upgrade, scheduled for May 11, remains the most important fundamental driver in the short term. It will introduce full smart contract functionality, marking a transition from a simple transfer network to a programmable blockchain capable of supporting decentralized applications.
The shift could unlock new ecosystem components, including a native decentralized exchange and token launchpad, both of which may create organic demand for PI as utility expands.
Market participants are increasingly pricing in this transition, with the upgrade acting as a clear narrative catalyst heading into mid-May.
Third, On-chain and structural factors are also working in favor of bulls. A recent pause in mainnet migrations has slowed the flow of new tokens into circulation, reducing immediate sell pressure. At the same time, declining exchange inflows point to fewer tokens being positioned for short-term selling.
Pi Network price analysis
On the daily chart, Pi Network price continues to consolidate within a narrowing range, with volatility compressing since the sharp spike seen in early March.
Pi Network price, Supertrend chart — May 5 | Source: crypto.news
The structure resembles a base formation, where higher lows are gradually forming near the $0.17 region while resistance remains capped below $0.19. This type of setup often precedes an expansion move once resistance is cleared.
The Supertrend indicator remains close to price, signaling a neutral-to-bullish bias as long as PI holds above the $0.17 support zone. Meanwhile, the 100-day and 200-day moving averages, positioned near $0.176 and $0.196 respectively, highlight the importance of the $0.19–$0.20 region as a key breakout area.
A sustained close above $0.185 would likely confirm short-term strength and increase the probability of a retest of $0.20. If momentum builds around the Protocol 23 timeline, an extension toward the $0.21–$0.22 range could follow.
However, risks remain on the horizon. Around 184.5 million PI tokens are scheduled to unlock throughout May, which could introduce fresh selling pressure if early holders choose to exit positions.
If the price fails to break above resistance, it may continue ranging or slip back toward the $0.17 support, with a deeper move potentially retesting the $0.165 level.
For now, the short-term outlook remains cautiously bullish, supported by tightening supply, upcoming catalysts, and a chart structure that is gradually tilting in favor of buyers.
Read more: Cipher Digital secures $200M credit line to scale AI and HPC footprint
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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