Escalating tensions in the Gulf could destabilize regional alliances, impact global markets, and increase the risk of military conflict. The post Iran labels UAE ‘Israeli proxy,’ warns of military action in Gulf region appeared first on Crypto Briefing.

The partnership may boost Solana's institutional credibility, enhancing its stablecoin ecosystem and potentially influencing global monetary dynamics. The post Anchorage Digital, J.P. Morgan partner on Solana stablecoin reserves appeared first on Crypto Briefing.

Investors back a model that moves insurance risk and capital flows onto blockchain rails, as onchain reinsurance looks to attract institutional participation.

Online gambling operator Stake officially launched in Mexico on Monday, going live through stake.mx under a permit-based structure overseen by SEGOB, the Ministry of the Interior. The company is operating as an agent under a license agreement with intermediary firm Uno Capali, a structure commonly used in Mexico, where new federal gambling permits are rarely […]

This collaboration may enhance US oversight on AI risks, influence global AI competition, and shape future government-tech partnerships. The post US gains pre-release access to top AI models from Alphabet, Microsoft, xAI appeared first on Crypto Briefing.

TLDR: Strategy held 818,334 BTC as of May 3, 2026, reflecting a 22% year-to-date growth in bitcoin holdings. STRC preferred stock raised $5.58B year to date, scaling to $8.5B total in just nine months of existence. Strategy achieved a 9.4% BTC Yield and a $4.97B BTC Dollar Gain through the first four months of 2026. [...] The post Strategy Inc Posts $12.54B Net Loss in Q1 2026 as Bitcoin Price Drop Hits Holdings Hard appeared first on Blockonomi.

• #bitcoin

A crypto pundit has revealed five major investment plans for long-term XRP holders. The plan, shared publicly on X this week, outlines several key points to help investors make the most of their holdings and position themselves for potential gains. With the crypto market showing renewed volatility even as the XRP price remains in a […]

Iran's permit system for the Strait of Hormuz may heighten geopolitical tensions, affecting global oil supply and regional stability. The post Iran introduces permit system for Strait of Hormuz vessel transits appeared first on Crypto Briefing.

Wall Street executives warned at Consensus 2026 that legacy markets built for slower trading are breaking under 24/7 crypto pressure. Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built…

Geopolitical tensions and supply constraints could drive oil prices higher, impacting global economies and energy markets significantly. The post API reports significant crude draw amid Hormuz tensions, oil eyes $90 by June appeared first on Crypto Briefing.

Australian rapper Iggy Azalea is now facing a federal class action connected to her Solana-based memecoin, MOTHER, after the token experienced a steep collapse in price. The lawsuit comes in the wake of a dramatic drop of roughly 99%, which plaintiffs say has left investors with significant losses. MOTHER Memecoin Suit According to the complaint […]

Increased military presence in the Strait of Hormuz may stabilize oil trade routes but risks escalating US-Iran tensions further. The post US military escorts US ships through Strait of Hormuz amid tensions appeared first on Crypto Briefing.

The shift to clear crypto regulations in the U.S. enhances investor confidence, potentially stabilizing and boosting long-term market growth. The post US shifts to clear crypto regulations, boosting Bitcoin investor confidence appeared first on Crypto Briefing.

• #bitcoin

KelpDAO says LayerZero approved the setup later blamed for the $292M rsETH hack as both sides dispute the exploits root cause. The post KelpDAO blames LayerZero infrastructure for $292M rsETH hack, shifts to Chainlink CCIP appeared first on Crypto Briefing.

Short liquidations and rising open interest may be signs of the bulls’ plan to push the Bitcoin price closer to $90,000.

• #bitcoin

Prophet, an AI-native prediction market platform, has launched its first live trading tranche, introducing a system where an AI model acts as the counterparty to user trades using real capital.

Brad Garlinghouse addressed attendees at a Tuesday crypto conference on the progress of the CLARITY Act after US lawmakers announced a compromise on stablecoin yield that could advance the legislation.

TLDR: Arbitrum’s Security Council froze $72M in stolen funds traced to North Korean wallets via a Kelp DAO bridge attack. Griff Green warns that leaked private keys and social engineering now pose greater threats than smart contract bugs. Aave and similar lending protocols are flagged for being too loose in managing liquid staking token risks. [...] The post Arbitrum Security Council Member Flags DeFi Risks After $72M North Korea Crypto Recovery appeared first on Blockonomi.

Iran's denial may reduce perceived military threat, yet market expectations of regional conflict remain high, impacting geopolitical stability. The post Iran denies involvement in UAE attack amid regional tensions appeared first on Crypto Briefing.

The blocked deal highlights the fragility of U.S.-China business relations, potentially deterring future investments and diplomatic efforts. The post Beijing blocks Meta’s $2B Manus deal amid US-China tensions appeared first on Crypto Briefing.

The biggest cryptocurrency news this week is not about a price move. Japan’s Financial Services Agency approved digital assets for inclusion in regulated pension portfolios, opening a pipeline of institutional capital that the market has waited years to see. XRP and BNB both reacted with modest gains, but neither moved the way the headline deserved [...] The post The Cryptocurrency News That Has Pepeto Wallets Growing While XRP and BNB Wait for Direction appeared first on Blockonomi.

The US-Iran talks could influence global nuclear non-proliferation efforts and impact geopolitical stability, affecting international relations. The post US-Iran talks focus on uranium enrichment amid diplomatic efforts appeared first on Crypto Briefing.

Strategy reported a $12.54 billion net loss in the first quarter of 2026 as bitcoin valuation losses overwhelmed revenue growth and active financing. The quarter showed how its bitcoin treasury model can scale quickly while exposing investors to sharp earnings volatility. Key Takeaways: Strategy posted a $12.54 billion net loss in Q1 2026 driven by […]

• #bitcoin

TLDR: Bitcoin’s STH-SOPR has held above 1.0, showing short-term holders are consistently selling at a profit. The STH Realized Price remains unbroken, acting as the final barrier before a confirmed bull dynamic. CryptoQuant analyst @cryptometugce warns that rejection at STH Realized Price may prompt hedge positioning. Full bull market confirmation requires Bitcoin to break, hold, [...] The post Bitcoin Bull Run Signals Emerge, But Key Resistance Level Remains Unbroken appeared first on Blockonomi.

• #bitcoin

Anthropic venture with Blackstone and Goldman Sachs will deliver enterprise AI tools to private equity-backed companies. Anthropic is close to finalising a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman and Friedman, targeting private-equity-backed companies as its primary…

SoFi will launch SoFiUSD on Solana as the bank expands its stablecoin payments push after crypto trading and Mastercard integration. The post SoFi to launch SoFiUSD stablecoin on Solana as bank expands crypto payments push appeared first on Crypto Briefing.

Coinbase Global announced today, May 5, 2026, that it is reducing its workforce by approximately 14%, impacting 693 employees.

The crypto market could be headed toward a double-digit Bitcoin price crash, as an analyst has identified a historical pattern that he says has always occurred after BTC’s cyclical halving event. According to the expert, Bitcoin has always crashed exactly 750 days after its halving event, indicating a strong chance of a similar decline in […]

• #bitcoin

The solution, which uses zero-knowledge proofs to verify every transfer, will allow companies moving large volumes to maintain the secrecy of these movements, improving transaction confidentiality. The system implementation encompasses KYT screening from regulators. Key Takeaways: Polygon partnered with Hinkal to launch a ZKP-powered private payment solution for USDC and USDT. Polygon claims this release […]

The integration of tokenized equities on Solana may enhance institutional interest, liquidity, and blockchain adoption, boosting its ecosystem. The post Securitize, Jump, Jupiter launch tokenized equities on Solana blockchain appeared first on Crypto Briefing.

Ethereum and Solana saw notable exits, while Bitcoin and smaller assets helped stabilize flows during a volatile week for crypto funds.

The deal adds a Solana-based trading infrastructure platform that has processed more than $50 billion in volume and aggregates liquidity across multiple venues.

Days before an Indiana primary, the Defend American Jobs PAC reported spending about $514,000 on media in support of a Republican House member running for reelection in the state‘s 4th Congressional District.

Hayes has predicted that altcoins will face a massive, market-clearing wipeout.

• #litecoin

DeFi lending is growing faster than any Aave price prediction expected, but AAVE still sits 86% below its all time high of $666. The protocol launched V4 on Ethereum, locked $25 billion in contracts, and still trades around $92.48. That gap between adoption and returns tells a story about where the real upside lives. Pepeto [...] The post Aave Price Prediction Hits $92.48 While Pepeto Could Be the Last Presale Before a 100x Listing appeared first on Blockonomi.

GoMining’s GoBTC protocol promises instant authorization and on-chain Bitcoin settlement with a 0.2% merchant fee, positioning miner-run rails as a low-cost challenger to Visa and Mastercard. According to Forbes, GoMining will formally debut its GoBTC payment protocol at this year’s Consensus…

The collaboration could boost Solana's market value and utility, while having a limited short-term impact on Google's stock performance. The post Google Cloud, Solana launch pay-as-you-go AI system using stablecoins appeared first on Crypto Briefing.

Escalating tensions in the Strait of Hormuz could disrupt global oil supply and heighten geopolitical instability in the region. The post Iran missile strikes UAE amid rising tensions in Strait of Hormuz appeared first on Crypto Briefing.

Nigeria's crude supply issues could exacerbate global oil supply constraints, potentially impacting economic stability and energy policies. The post Nigeria crude supply shortfall may push oil prices to $90 by June appeared first on Crypto Briefing.

: Ushering in the Era of Blockchain from Promise to Practice The blockchain world is changing fast. No longer just talk about what could be, it’s now about what is happening right now. leads this change. Set for June 19 […] The post Philippine Blockchain Week 2026: Ushering in the Era of Blockchain from Promise to Practice appeared first on Blockmanity.

Increased Russian troop desertions could weaken military efforts, impacting strategic objectives and altering geopolitical dynamics in Ukraine. The post Russian troop desertions strain efforts to capture Kostyantynivka appeared first on Crypto Briefing.

Bitcoin surged past the $81,000 milestone for the first time in months, reaching an intraday peak of $81,714. Despite brief periods of volatility, the cryptocurrency maintained strong support above $81,500, marking a 7% weekly gain. Key Takeaways: Bitcoin hit $81,714 on May 5 as the Trump administration worked to de-escalate Middle East tensions. The rally […]

• #bitcoin

Strategy's massive Bitcoin losses highlight the risks of heavy crypto reliance, impacting corporate financial stability and market strategies. The post Strategy posts $12.5 billion net loss in Q1 appeared first on Crypto Briefing.

XRP's integration with Rakuten Wallet may boost adoption and demand, but price stability suggests sentiment alone won't drive immediate gains. The post XRP sentiment hits two-year high with Rakuten Wallet integration appeared first on Crypto Briefing.

Trump's declaration may ease immediate tensions, but ongoing diplomatic challenges and regional instability could still impact future relations. The post Trump declares Iran war ‘terminated’ amid airspace closure speculation appeared first on Crypto Briefing.

Iran's control over the Strait of Hormuz could escalate regional tensions, affecting global oil supply and international relations. The post Iran asserts permanent control over Strait of Hormuz amid US tensions appeared first on Crypto Briefing.

Iran's stance may escalate regional tensions, impacting global oil markets and reducing prospects for US-Iran diplomatic resolutions. The post Iran to dismantle US exploitation of Hormuz, says Khamenei appeared first on Crypto Briefing.

Increased piracy in the Bab el-Mandeb Strait could destabilize global trade routes, heightening geopolitical tensions and security concerns. The post Somali terror groups escalate piracy in Bab el-Mandeb Strait, raising security risks appeared first on Crypto Briefing.

Hyperliquid just activated prediction markets and logged $6 million in contracts on day one, but the Hyperliquid price prediction still has HYPE sitting 30% below the peak it set last September. Product launches do not always spark immediate breakouts, and traders who recognize the pattern are scanning for entries where the math works on a [...] The post Hyperliquid Price Prediction Stalls as Pepeto Goes Viral and the Presale Window Shrinks appeared first on Blockonomi.

Aave court motion filed today in New York asks a federal judge to unfreeze $71 million in ETH. Aave LLC filed an emergency motion today in the Southern District of New York to vacate a restraining notice blocking 30,765 ETH,…

Crypto asset ETPs just notched a fifth straight week of inflows, lifting five-week net flows above $4B and pushing AUM near $155B despite sharp midweek outflows. CoinShares said that digital asset ETPs took in $117.8 million last week, extending their…

The funds will focus on supporting founders who build solutions around crypto, including payments, financial services, creator platforms, and decentralized infrastructure, which produce lasting value by turning solutions into usable products. Key Takeaways: A16z Crypto launched its $2.2B Crypto Fund 5 to help startups build the next era of financial tech. Chris Dixon noted stablecoins […]

Iran's economic instability and military actions risk escalating regional tensions, impacting oil markets and diminishing peace prospects. The post Iran’s economic turmoil deepens amid naval blockade and military actions appeared first on Crypto Briefing.

TLDR Coinbase selected Centrifuge as its preferred tokenization infrastructure and took an equity stake in the firm. The agreement positions Centrifuge as the default issuance layer for tokenized assets across Coinbase’s ecosystem, including Base. The companies expect to launch the first wave of institutional assets on Base in the coming weeks. Coinbase Asset Management continues [...] The post Coinbase Names Centrifuge as Tokenization Backbone appeared first on Blockonomi.

Five major banking trade groups issued a joint statement opposing the compromise barely hours after its release.

TLDR Arthur Hayes projected that Bitcoin would reach $100,000 after the northern hemispheric summer. He set a $125,000 price target for Bitcoin by the end of 2026. Dollar liquidity, rather than regulation, drives his current Bitcoin outlook. Hayes said wartime financing through commercial banks improves liquidity conditions. Geopolitical escalation in Iran could affect the timeline [...] The post Arthur Hayes Targets $125,000 Bitcoin on Liquidity Surge appeared first on Blockonomi.

• #bitcoin

K Wave Media reversed its $485 million Bitcoin treasury plan today, redirecting funds to AI data centres and GPUs K Wave Media scrapped its Bitcoin treasury strategy on May 5 and redirected the capital to AI data centres and GPU…

• #bitcoin

Before its recent rebound, the downturn in Bitcoin’s price was attributed to several factors that significantly hampered its performance. However, one of these factors stood out the most during the downtrend, and that was heightened selling pressure in the market. Bitcoin Was Hampered By Selling Pressure During the Bitcoin downside performance, speculations about the factors […]

• #bitcoin

TLDR Crypto fund inflows reached a fifth consecutive week with $117.8 million added to digital asset investment products. Bitcoin extended its rally beyond four weeks and climbed above $81,000 earlier in the session. Bitcoin posted its highest daily close since January, reinforcing its dominance in the current rebound. CoinShares reported that Bitcoin products attracted the [...] The post Crypto Fund Inflows Stretch to Five Weeks as Bitcoin Climbs appeared first on Blockonomi.

• #bitcoin

Maduro's capture heightens geopolitical tensions, complicates Venezuela's democratic transition, and impacts global diplomatic relations. The post US forces capture Nicolás Maduro, confirming removal before 2027 appeared first on Crypto Briefing.

Improving investor confidence supports Bitcoin’s hold on $80,000, as the Crypto Fear and Greed Index exited the “Extreme Fear” zone and now reads “neutral.” Are the bulls back in control?

• #bitcoin

Regional lenders gain access to infrastructure for stablecoins, tokenized deposits and crypto-backed lending without building systems in-house, signaling wider bank adoption.

Ripple CEO Brad Garlinghouse firmly rejected the "XRP maximalist" label, reaffirming his support for a multi-chain future.

TLDR Evernorth appointed four new directors as it advances its planned Nasdaq listing in the United States. Stuart Alderoty, Ripple’s Chief Legal Officer, joined the board to strengthen regulatory oversight. Robert Kaiden, CFO of the OpenAI Foundation, will support financial reporting and transparency. Ted Janus brings over three decades of institutional investing experience to guide [...] The post Evernorth Adds Ripple CLO to Board Before Nasdaq Debut appeared first on Blockonomi.

Increased military operations in Lebanon may prolong regional instability, affecting peace prospects and market perceptions of geopolitical risks. The post Israel ramps up military operations in Lebanon amid ceasefire violations appeared first on Crypto Briefing.

Bitcoin ETFs pulled $630 million in a single day on May 1, the strongest inflow of 2026, and the crypto news today is clear: institutional money is accelerating. BlackRock alone added $284 million, and April delivered $2.44 billion that pushed ETF assets above $100 billion. The market is choosing sides. One presale with more than [...] The post Crypto News Today: Can BNB and XRP Keep Up With the $630 Million ETF Wave While Pepeto Fills Its Presale appeared first on Blockonomi.

The Bullish acquisition of Equiniti, announced today, values the transfer agent at $4.2 billion 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…

Dubai-based Global Millennial Capital closes a $100M IPO Opportunities Fund to back overlooked AI and DeFi mid-cap tech names one to three years before exit. According to the PR Newswire announcement, Global Millennial Capital has completed a final close of $100 million…

Bitcoin and ether are recovering on fundamentally different supply and demand structures in 2026, according to a new Cryptoquant analysis. The divergence is now a key signal for whether a broader altcoin rally will follow. Key Takeaways: Cryptoquant analysts find that BTC and ETH have exhibited markedly diverging supply-demand structures throughout April 2026. Bitcoin dominance […]

• #bitcoin

TLDR Sequans sold 1,025 bitcoin in the first quarter of 2026 and reduced its holdings to 1,114 BTC. The company reported revenue of $6.1 million, down 24.8% from $8.1 million a year earlier. Operating losses reached $50.5 million, including $29.3 million in unrealized bitcoin impairment charges. Net loss totaled $54.3 million, compared with $7.3 million [...] The post Sequans Sells Half of Bitcoin Holdings as Losses Widen appeared first on Blockonomi.

• #bitcoin

FedEx (FDX) stock rises 1.28% after expanding ServiceNow (NOW) partnership to integrate logistics data into Source-to-Pay procurement platform. The post FedEx (FDX) Stock Rises as Company Deepens ServiceNow (NOW) Integration appeared first on Blockonomi.

Uber (UBER) reports Q1 earnings Wednesday with $13.33B revenue expected. Stock down 9% YTD as robotaxi deals with Lucid and Rivian expand operations. The post Uber (UBER) Stock: Analyst Expectations Ahead of Q1 Earnings Release appeared first on Blockonomi.

Micron (MU) stock jumped 10% Tuesday, crossing $700B market cap for the first time. AI demand and supply shortages drive surge to new heights. The post Micron (MU) Stock Rockets 10% Higher, Smashing Through $700B Valuation Barrier appeared first on Blockonomi.

Palantir (PLTR) stock dropped 7% post-Q1 earnings despite beating estimates. U.S. commercial revenue miss and extreme 78x P/S valuation sparked decline. The post Why Palantir (PLTR) Stock Plunged 7% Despite Crushing Q1 Earnings Expectations appeared first on Blockonomi.

Trump's stance may prolong geopolitical tensions, impacting global oil markets and economic stability, while avoiding direct military conflict. The post Trump rejects Iran’s peace proposal, maintains economic pressure appeared first on Crypto Briefing.

Increased US-Iran tensions could destabilize Iran's leadership, impacting regional stability and international diplomatic relations. The post Trump hints at US red lines amid rising Iran tensions appeared first on Crypto Briefing.

TLDR Wormhole enabled a canonical bridged version of TAO for native trading on the Solana blockchain. The Solana Foundation marked the activation during the Accelerate USA conference. TAO can now trade on Solana-based platforms, including Jupiter and Meteora. Users can access and store TAO through Phantom and Solflare wallets. Wormhole powered the activation through its [...] The post Wormhole Launches Canonical TAO on Solana Network appeared first on Blockonomi.

Bitcoin is once again at a critical technical crossroads, with a widely discussed chart structure suggesting that a sharp decline could be on the table. A recent analysis shared on X by crypto trader @0xPepesso points to a classic bearish continuation pattern that, if confirmed, could erase as much as $30,000 from current price levels. […]

• #bitcoin

Burwick Law sues Iggy Azalea over MOTHER, alleging buyers were misled by utility claims before the memecoin plunged 99.5%. The post Burwick Law sues Iggy Azalea on behalf of MOTHER memecoin buyers appeared first on Crypto Briefing.

Horizon Quantum (HQ) stock dropped 6% after its first public earnings showed a $3.6M Q1 loss and 38% rise in operating costs as the pure-play quantum software firm. The post Horizon Quantum (HQ) Stock Drops After Inaugural Public Earnings Release appeared first on Blockonomi.

TLDR Coinbase selected Centrifuge as the primary tokenization partner for its Base blockchain network. Coinbase confirmed it made a strategic investment in Centrifuge to support the partnership. Centrifuge will tokenize exchange-traded funds, credit funds, and structured products on Base. Base reviewed several tokenization providers before choosing Centrifuge for its infrastructure and institutional focus. The partnership [...] The post Coinbase Names Centrifuge as Base Tokenization Partner appeared first on Blockonomi.

Coinbase cuts 700 jobs today, with CEO Brian Armstrong saying AI is making small engineering teams far more productive Coinbase CEO Brian Armstrong announced on May 5 that the company is eliminating roughly 700 employees, representing approximately 14% of its…

a16z's new fund targets real-world crypto use cases, including stablecoins, payments, lending, prediction markets, and tokenized financial assets.

Trump's comments may exacerbate US-Iran tensions, potentially hindering diplomatic progress and impacting global oil markets and regional stability. The post Trump comments dampen US-Iran diplomatic meeting prospects appeared first on Crypto Briefing.

Geopolitical tensions may drive global reliance on US oil, potentially elevating prices and impacting international energy markets. The post Trump comments on Hormuz boost US oil demand amid geopolitical tensions appeared first on Crypto Briefing.

Super Micro Computer (SMCI) Q3 earnings face scrutiny as DOJ smuggling investigation and Oracle contract loss concerns overshadow financial performance. The post Super Micro Computer (SMCI) Earnings Report: Key Issues Beyond the Numbers appeared first on Blockonomi.

[PRESS RELEASE – Miami, US, May 5th, 2026] BNB Chain, the leading L1 blockchain ecosystem, today announced it will host an event at the Pérez Art Museum Miami on the sidelines of Consensus Miami, bringing together builders, investors, and institutional leaders from across the Web3 space. The event is open to all attendees, from early-stage […]

Trump's hardline stance may hinder diplomatic efforts, increasing regional instability and reducing chances for a peace deal by 2026. The post Trump warns Iran of swift action amid ongoing tensions appeared first on Crypto Briefing.

The partnership enabling conversion of digital assets into cash through MoneyGram’s global network follows a similar move by rival Western Union.

While Roni Cohen-Pavon’s lawyers have asked for time served, US Attorney Jay Clayton was unspecific in the federal government’s recommendation, requesting the judge defer to sentencing guidelines.

XRP's ledger skyrockets, breaking multiple barriers, but it's not clear where the fuel is coming from.

Major US banking associations rejected the Clarity Act’s stablecoin yield compromise, splitting publicly from Coinbase and Circle Major US banking associations publicly rejected the stablecoin yield compromise brokered by Senators Tillis and Alsobrooks in the Clarity Act. The banking groups…

Trump's suggestion could escalate US-Iran tensions, complicate diplomatic efforts, and influence regional stability and power dynamics. The post Trump suggests arming Iranians amid regime change discussions appeared first on Crypto Briefing.

MoonPay's acquisition of DFlow may enhance Solana's infrastructure, potentially boosting market confidence and influencing price dynamics. The post MoonPay acquires DFlow in $100M deal to boost Solana infrastructure appeared first on Crypto Briefing.

Exploring how technology's focus on attention and tax biases fuel economic inequality and labor-capital imbalance. The post Chamath Palihapitiya: Attention drives technological revolutions, the imbalance between labor and capital fuels inequality, and tax structures favor the wealthy | JRE appeared first on Crypto Briefing.

The ai news today is clear after the DTCC, Wall Street’s largest clearing house, announced a tokenized securities platform with a July pilot and October launch according to CoinDesk. That move puts the world’s biggest financial backbone on blockchain rails, proving that automated trading systems are the foundation for what comes next. Pepeto sits at the [...] The post AI News Today Meets Crypto: DTCC Plans Tokenized Securities Platform and Pepeto Captures the Blockchain Shift appeared first on Blockonomi.

OnRe Finance raised $5M from Forward and RockawayX as Forward prepares up to $25M into ONyc, scaling Solana-based, tokenized reinsurance with DeFi integrations. OnRe Finance said it has closed a $5 million strategic funding round to accelerate development of its…

Here are the latest updates disclosed by the exchange.

TLDR Sequans sold 1,025 bitcoin during the first quarter to fund debt redemption and ADS buybacks. The sale reduced Sequans’ total bitcoin holdings from 2,139 BTC to 1,114 BTC by late April. Sequans pledged 817 BTC as collateral for $35.9 million in outstanding convertible notes. The company reported a 24.8% year on year revenue decline [...] The post Sequans Sells 1,025 BTC as Revenue Falls 24.8% in Q1 appeared first on Blockonomi.

• #bitcoin

TLDR Cipher Digital reported a net loss of $114 million in the first quarter, more than double the loss a year earlier. Bitcoin mining revenue fell to $35 million from $49 million during the same period last year. The company reduced its bitcoin holdings to $76 million from $125 million year over year. Cipher Digital [...] The post Cipher Digital Widens Q1 Loss to $114M on AI Shift appeared first on Blockonomi.