May 5 Tuesday
Strategy Inc recorded a net loss of $12.54 billion in Q1 2026, driven by a $14.46 billion unrealized loss on its bitcoin holdings. As of May 3, the company held 818,334 BTC, acquired at an average price of $75,537 per bitcoin.
Kraken co-CEO Arjun Sethi stated the exchange is 80% ready for an initial public offering. The company also announced a partnership with MoneyGram to facilitate crypto-to-cash conversions, aiming to bridge the gap between digital assets and fiat currency.
At Consensus 2026, Tempo CEO Romero stated that stablecoins are enabling real-world money transfers while other crypto use cases fail to scale. He described the current market as a 'barbell' with speculation on one end and stablecoin payments on the other.
Robinhood's Senior Vice President Johan Kerbrart said tokenization, 24-hour trading, and regulatory changes are expanding investor access beyond domestic markets. Overseas demand for U.S. equities is growing as a result.
CME Group announced cash-settled Bitcoin volatility futures, set to launch June 1 pending regulatory approval. The product is based on the 30-day implied volatility index (BVX) and allows traders to hedge or trade Bitcoin volatility without directional bets.
Issuers report that crypto ETFs are transforming access and liquidity in digital asset investing. Traditional finance institutions are increasingly integrating these products, reshaping the global investment structure.
State Street and Galaxy have launched the SWEEP on-chain liquidity fund, allowing qualified investors to convert stablecoins into yield-bearing tokenized assets with 24/7 on-chain cash management. The fund will initially deploy on Solana, with plans to expand to Stellar and Ethereum, integrating Chainlink infrastructure.
MoonPay has acquired DFlow, a Solana-based execution layer platform, for approximately $100 million in stock. DFlow has processed over $50 billion in transaction volume and about 10 million monthly transactions, serving clients like Coinbase and Phantom.
Ripple CEO Brad Garlinghouse stated that the next two weeks are a critical window for advancing US crypto legislation. He warned that if the Senate Banking Committee fails to complete the bill review soon, the passage probability will drop significantly, especially with midterm elections approaching.
The fund will target investments in stablecoins, payments, and blockchain infrastructure. Andreessen Horowitz continues to expand its presence in the crypto space.
BitGo's new service provides reserve management, custody, and infrastructure for institutions to launch stablecoins. It allows clients to issue stablecoins without building the underlying technology from scratch.
Solomon Tesfaye, Chief Business Officer of Aptos Labs, appeared live from the NYSE floor. He covered real-world asset adoption, onchain markets with DecibelTrade, AI developments with shelbyserves, and updates on Aptos tokenomics.
CoinShares reports Bitcoin investment products saw five consecutive weeks of inflows. Year-to-date flows have reached $4.2 billion.
Russia's largest exchange will offer indices for four cryptocurrencies, with futures contracts planned later in 2025.
Pavel Durov announced that Telegram will become the largest validator of the TON blockchain, replacing the TON Foundation. Following the announcement, Toncoin's price surged by 36%.
Western Union has launched a stablecoin for cross-border payments. Visa expanded its settlement pilot to include more partners, while the Clarity Act compromise cleared a major Senate roadblock.
World Liberty Financial, backed by the Trump family, and Tron founder Justin Sun have filed lawsuits against each other. Meanwhile, the SKYAI token surged 235% as investors rotated into AI-related cryptocurrencies.
Ankr has announced a partnership with Lucid to launch a new venture. Further details are available on Ankr's official blog.
BNB Chain invites developers and community to meet in person at Consensus 2026 Miami on May 6. The event aims to foster networking and collaboration among blockchain enthusiasts.
Standard Chartered's innovation arm SC Ventures has acquired a strategic stake in GSR, marking the crypto market maker's first external investment since its founding in 2013. The partnership aims to enhance tokenization services and institutional liquidity in digital assets.
peaq's Activate enables machines to obtain identity, wallets, and NFTs onchain within 5 seconds via peaqOS. This streamlines the process of integrating physical devices into blockchain networks.
Sui Network announced the launch of DeepBook, a decentralized exchange product. Details were shared on their official blog.
DeepBook on Sui has launched its third primitive, Predict, on testnet. The feature enables range trading with built-in leverage.
Kelp blamed LayerZero for approving the setup that led to a $292 million bridge hack linked to North Korean hackers. As a result, Kelp migrated its rsETH from LayerZero's OFT standard to Chainlink's CCIP.
According to Gate exchange data, Google (GOOG.O) shares rose over 2% in after-hours trading. The increase reflects positive market sentiment following the trading session.
Strategy reported a $12.54 billion loss for the first quarter of 2026, driven by a decline in bitcoin's price. Bitcoin fell from approximately $87,000 to $68,000 during the period.
According to Coinglass, total liquidations reached $264 million, with long positions at $54.8 million and short positions at $210 million. Bitcoin long liquidations were $7.99 million, short liquidations $124 million; Ethereum long liquidations $11.74 million, short liquidations $26.93 million.
The Tennessee Bankers Association has named Stablecore as its preferred digital asset provider. This partnership allows regional lenders to access infrastructure for stablecoins, tokenized deposits, and crypto-backed lending without building systems in-house.
The lending protocol proposed tokenized claims, a revenue-backed pool and a security overhaul. It is working with law enforcement to recover the stolen funds.
Bitcoin extended gains to $81,500, driven by tokenization initiatives from firms like Bullish, Galaxy, and Centrifuge. An analyst noted that crypto market momentum could continue unless geopolitical risks escalate.
MoonPay acquired DFlow in an all-stock deal valued at about $100 million. DFlow provides trade routing and DEX aggregation services, processing over $12 billion in transaction volume in Q1 2026.
According to Coinglass, if Bitcoin drops below $77,347, the cumulative long liquidation intensity on major centralized exchanges will reach $2.191 billion. Conversely, if Bitcoin breaks above $84,912, the cumulative short liquidation intensity will reach $1.584 billion.
US Attorney Jay Clayton recommended leniency for former Celsius executive Roni Cohen-Pavon, citing his cooperation. The government's filing did not specify a sentence, deferring to guidelines, while Cohen-Pavon's lawyers requested time served.
MORPHO token surged past a key resistance level, signaling strong bullish momentum. Analysts attribute the breakout to increased trading volume and positive market sentiment.
At Consensus Miami 2026, BitMEX co-founder Arthur Hayes said 99% of altcoins could go to zero, viewing it as a normal market-clearing process. He compared it to the S&P 500's long-term turnover, arguing that industries evolve through constant replacement.
Solana co-founder Yakovenko announced at Consensus Miami 2026 that the Alpenglow upgrade could be deployed as early as next quarter. He expressed excitement about the upgrade going live later this year.
Western Union launched USDPT, a dollar-backed stablecoin on Solana, issued by Anchorage Digital Bank. The stablecoin enables 24/7 settlement with agents and partners, potentially reshaping its payment model.
Forbes reports that Sam Bankman-Fried's early venture portfolio, including stakes in Anthropic and Cursor, could have been worth $100 billion more if not for FTX's collapse. FTX's bankruptcy estate sold these assets at lower valuations to repay creditors.
Figure, a fintech firm, offers rapid mortgage services targeting loans under $300,000, with HELOC approvals in 5 minutes and funding in 3 days. The company aims to compete with Fannie Mae and Freddie Mac by reducing costs for borrowers.
Bernstein analysts see a $4 trillion tokenized credit opportunity for Figure Technology as it expands beyond home equity lending into blockchain-based credit markets. The firm's stock is highlighted as tokenization scales across broader loan markets.
Loki participated in 290 competitions on Arena42, securing the top earner position. The platform's 60-second registration process facilitates quick entry.
Marina Protocol will tie users' League tier to their earnings in Solana token Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB. Higher tiers will yield greater token rewards.
DAT, a digital asset treasury, holds about 9% of HYPE's circulating supply, higher than similar structures for BTC, ETH, SOL, and BNB. Analysts suggest that ETF approval could channel passive funds into the relatively limited float, potentially strengthening price support.
The Stellar Development Foundation has partnered with Figure Markets to explore blockchain-based financial solutions. The collaboration aims to enhance efficiency and accessibility in financial services.
Figure's YLDS product combines stablecoin liquidity with money-market yield, targeting fintechs and neobanks in Latin America. The offering is regulated and built on the Stellar blockchain.
Spacemworld will participate in the Avalanche Mixer side event in Cape Town at 17:00 tomorrow. The event is organized by @AvaxTeam1.
Tenset has launched Phase 1 of Reel Finance, securing $2 million in committed capital. The project offers first-loss protection for minters.
Steak Tech has transferred control of the ecosystem to a 2/3 multi-signature wallet with a 48-hour timelock. This move follows recommendations from a CertiK audit to enhance security.
Trust Wallet has added GME to its perpetual swaps, enabling round-the-clock trading. The listing provides users with continuous access to GME derivatives.
$JAGER token implements a 5% transaction tax to fund BNB rewards, distributed monthly on-chain. April's delivery has been confirmed via BscScan.
Hyperion x is now accessible on Santa Browser, allowing over 2 million users to swap, provide liquidity, and earn on Aptos. The integration expands DeFi accessibility on the Aptos blockchain.
ONFA has upgraded its OFT and MTT smart contracts using quantum-inspired infrastructure. Wallet users need no action, while BitMart and MEXC handle CEX users.
Securitize has integrated a system allowing real equities to be issued, accessed, and traded onchain. The platform ensures institutional-grade performance and full regulatory compliance.
Jump provides liquidity via PropAMM on Solana, while Jupiter offers DeFi UI and Securitize handles compliance infrastructure.
BigWater Protocol now allows individuals to earn carbon credits by logging eco-friendly actions like tree planting. The Buzzz Agentic AI validates the impact, and users receive BIGW credits redeemable for eco-products and experiences.
Builders can register for the program, which targets Dyno coin holders and transactions.
Polygon has introduced on-chain private stablecoin transactions that conceal sender, receiver, and amount details. The feature utilizes zero-knowledge proofs to ensure privacy while maintaining blockchain transparency.
Data from Coinglass shows that the total open interest of BTC futures across all exchanges increased by 5.82% in the past 24 hours, reaching $64.755 billion. Binance holds $11.922 billion, OKX $3.711 billion, Bybit $5.323 billion, and Gate $6.064 billion.
Data from Coinglass shows total liquidations of $268 million across all crypto assets in the past 24 hours, with short positions accounting for $213 million. Bitcoin short liquidations reached $133 million, while Ethereum short liquidations totaled $29.17 million.
Pay.sh enables AI agents to pay for API calls on Solana using stablecoins on a pay-as-you-go basis, without requiring account registration or subscriptions. The system integrates with over 50 API providers and supports Machine Payments Protocol, aiming to advance the Agentic Economy.
Ripple CEO Brad Garlinghouse stated that the Crypto Market Structure Clarity Act must reach a Senate hearing this month to have a reasonable chance of passage. He emphasized that regulatory clarity is preferable to chaos for the industry.
According to Coinglass data, BTC's current 8-hour average funding rate across all exchanges is -0.0073%. Among major exchanges, Binance has a rate of -0.0083%, OKX -0.0025%, Bybit -0.0028%, and Gate -0.0141%.
ARK Invest forecasts Bitcoin's market cap could grow from $2 trillion to $16 trillion by 2030, a 63% CAGR. The broader smart contract platform market, including Ethereum and Solana, could reach $28 trillion, with Bitcoin comprising 70%.
PENDLE token price increased 11% with rising trading volume. The next key resistance level is at $1.89.
Hyperliquid-linked digital asset treasury companies now hold nearly 9% of HYPE's circulating supply, a higher share than comparable BTC, ETH, SOL, and BNB holdings. HYPE is the only asset trading at a positive mNAV, which could facilitate capital raising and supply absorption, while potential ETF approval may bring passive inflows into a tighter float.
Bitcoin miner IREN Limited agreed to acquire cloud infrastructure software firm Mirantis for about $625 million in an all-stock transaction. The deal aims to enhance IREN's AI cloud business by adding key software and orchestration capabilities for GPU and data center resources.
Strive's ASST token surged 61% in the past 30 days, with its BTC holdings increasing by 9.17%. If Strategy matched this growth rate, it would need to acquire 70,327 BTC.
PayPal reported Q1 2026 revenue of $8.35 billion and adjusted EPS of $1.34, both beating estimates. However, Q2 adjusted EPS guidance of $1.34 implies a 9% sequential decline, causing shares to drop over 10% intraday before recovering to an 8% loss.
Arthur Hayes, CIO of Maelstrom, stated at Consensus Miami 2026 that bitcoin's value proposition depends solely on fiat liquidity. He emphasized that crypto's value comes from being outside the regulatory apparatus.
Telegram has officially become a validator for the Toncoin network, signaling deeper integration with the blockchain. The platform's $191 million staking commitment could provide significant support for TON's price rally.
Jito Labs introduced JTX, its first product designed for traders, enabling token trading on Solana with self-custody. The launch comes amid increasing activity on the Solana network.
On-chain investigator ZachXBT disclosed that the DSJ Exchange and BG Wealth Sharing Ponzi scheme collapsed last week, with total losses exceeding $150 million. The scam, operating since 2025, lured victims with daily returns of 1.3%-2.6%, and over $92 million was laundered across chains between April 27 and May 3. ZachXBT assisted Tether, Binance security, OKX, and US law enforcement, freezing over $41.5 million, including $38.4 million USDT on TRON on May 4.
Market-maker Jump Trading is collaborating with tokenization platform Securitize to enable onchain trading of tokenized equities under existing securities regulations. Jump will provide liquidity and trading support, while Securitize supplies the regulated infrastructure.
Bubblemaps reported that about 90 creation wallets grabbed 90% of MYSTERY supply at launch and have been dumping, cashing out over $100,000 while still holding 40%. The token showed bundled distribution and centralized control, with some KOLs allegedly paid to promote it.
Uniswap DAO is voting on a proposal to reclaim 12.5 million UNI (about $42 million) previously loaned to the Uniswap Foundation and key delegates in 2022-2023 to boost governance participation. The vote ends May 8; currently, about 53% support the proposal and 46% abstain, with minimal opposition.
