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forklog.media BitMine to Reduce Ethereum Demand

BitMine is nearing its Ethereum accumulation goal and plans to decelerate its purchasing pace. This was announced by Chairman Tom Lee at the Consensus 2026 conference in Miami, reports CoinDesk. The firm holds over 5.1 million ETH valued at $11.9 billion. Initially, BitMine aimed to accumulate 5% of the total asset supply over five years. A year into the strategy, the company controls 4.29% of the issuance. At the current rate of 100,000 ETH per week, the target will be reached in about a month and a half, prompting management to discuss slowing down purchases. BitMine is one of the few major companies that continued buying cryptocurrency during the market correction. In contrast, Strategy resorted to selling bitcoins to pay dividends. Lee emphasized that BitMine remains profitable through staking and cash generation. Approximately 85% of the company's assets are locked in protocols, yielding over $300 million annually or about $111 million daily. This allows the firm to avoid selling coins during periods of high volatility. The freed-up capital will be directed towards a $444 billion share buyback and the development of the institutional platform MAVAN. The service already manages $14 billion in assets in ETH, Solana, and Canton. BitMine is also investing in projects at the intersection of AI and consumer platforms, including Eightco Holdings and Beast Industries. Lee believes Ethereum will benefit from the tokenization of financial assets and the advancement of artificial intelligence systems. Ethereum at $60,000 Two days earlier, speaking at Paris Blockchain Week, Lee declared the end of the bear trend. In his view, the current downturn was a "mini-crypto winter," and the stock market has already bottomed out. Lee described Ethereum as the most profitable asset since the onset of the Middle Eastern crisis: the cryptocurrency outperformed the energy sector and the S&P; 500 index by nearly 20%. The analyst forecasted the altcoin's price to rise to $12,000 in the near term and to $60,000 by 2028. His optimism is based on two factors: widespread asset tokenization and the development of AI systems. According to BitMine's chairman, blockchains will become the settlement base for AI agents, as neural networks find it more convenient to use cryptocurrencies for micropayments instead of traditional banking systems. On May 1, Ethereum Foundation completed its third over-the-counter ether sale to BitMine. The firm acquired 10,000 ETH at an average price of $2,292.

bitcoinist.com BNY Partners with Key Companies to Expand Crypto Custody in the UAE

BNY, the world’s largest custodian bank overseeing $59.4 trillion in assets, has announced a strategic collaboration with Finstreet Limited and ADI Foundation to build regulated, institutional-grade digital asset custody infrastructure anchored in the Abu Dhabi Global Market (ADGM) — marking the first time a US global systemically important bank has brought crypto custody to the […]

blockonomi.com Tom Lee: Ethereum Is the Best-Performing Asset Since the Middle East Crisis Began

TLDR: Ethereum has outperformed all global assets since the Middle East crisis, beating the S&P 500 by nearly 20 percentage points. Tom Lee projects Ethereum could reach $60,000, driven by tokenization and agentic AI demand on the blockchain network. BitMine has acquired 4% of Ethereum’s total supply and is actively targeting a 5% stake through [...] The post Tom Lee: Ethereum Is the Best-Performing Asset Since the Middle East Crisis Began appeared first on Blockonomi.

forklog.media Coinbase and Stripe to Facilitate Amazon’s AI Agent Payment Launch

AWS has unveiled Amazon Bedrock AgentCore Payments, a toolkit for autonomous payments by AI agents. Agents that reason, plan, and act can now transact.AgentCore payments in Amazon Bedrock AgentCore is now in preview. AI agents can instantly access and pay for APIs, MCP servers, web content, and other agents during execution—no bespoke billing integrations required.Built… pic.twitter.com/jtMj5fPyvD— Amazon Web Services (@awscloud) May 7, 2026 This new product is designed for digital assistants created in Amazon Bedrock AgentCore, enabling them to independently pay for access to web content, API, MCP servers, and other agents. Developers can connect a Coinbase or Stripe wallet and fund it with stablecoins or fiat currency. Initially, payments will be processed in USDC. How It Works Coinbase explained that applications for agent transactions can be created based on the x402 protocol. It allows AI agents to conduct microtransactions in Circle's "stablecoin." Every agent deserves a wallet.So we’re helping every dev on Amazon Bedrock AgentCore give their agents one.Autonomous spending, budget controls, built-in compliance, and USDC settlement on @base.This is the future, powered by x402. https://t.co/oyaHu7gEG1— Coinbase 🛡️ (@coinbase) May 7, 2026 Such payments are necessary for autonomous scenarios like purchasing data or calling paid APIs, with amounts calculated in fractions of a cent. Traditional cards and bank transfers are less cost-effective and slower. AWS described AgentCore Payments as "the first managed payment tool specifically designed for AI agents." Essentially, the company has developed a payment layer for the agent economy, where AI-based systems independently seek services, negotiate, and pay for the necessary infrastructure. The Role of Stripe Stripe will provide part of the payment and wallet infrastructure. Privy, acquired by the company in 2025, is also involved in the project, developing a system for connecting agents to payments. 1/ Today, we're proud to announce that @awscloud Bedrock AgentCore payments is integrating Privy wallet infrastructure.This helps developers develop agentic payment solutions that can reason, act, and now transact—with payments built directly into how they operate. pic.twitter.com/pvDweWE3Wg— Privy (@privy_io) May 7, 2026 The CEO of the payment firm, Henri Stern, emphasized that the company is building "economic infrastructure for artificial intelligence." "For agents to become significant economic participants, they need a way to store and spend money," he noted. Earlier in May, Solana Foundation, in collaboration with Google Cloud, launched a payment system for AI assistants—Pay.sh.

blockmanity.com Crypto VC Titans Secure Over $6 Billion in Bear Market Fundraises

Crypto VC Titans Secure Over $6 Billion in Bear Market Fundraises In the middle of a tough crypto bear market, top venture capital firms are making big moves. They have raised more than in just three months. This shows strong […] The post Crypto VC Titans Secure Over $6 Billion in Bear Market Fundraises appeared first on Blockmanity.

news.bitcoin.com Robinhood CEO Says US ‘Very Close’ to Passing Crypto Clarity Act

Robinhood’s Vlad Tenev revealed the U.S. is on the verge of passing the Crypto Clarity Act, legislation that would establish a formal regulatory framework for digital assets in America for the first time. Landmark Legislation for Digital Finance The co-founder and chief executive of Robinhood said Friday that the U.S. is finalizing the passage of […]

blockonomi.com Aptos Foundation Commits $50 Million to Build the Full Stack for Markets and Machines

TLDR: Aptos Foundation and Aptos Labs have committed over $50M to fund trading and AI infrastructure development. Stablecoin market cap on Aptos reached an all-time high of $1.93B, while RWAs climbed to $1.2B on-network. Decibel crossed $1B in cumulative onchain trading volume, with every trade permanently burning APT tokens. Upcoming upgrades include an encrypted mempool, [...] The post Aptos Foundation Commits $50 Million to Build the Full Stack for Markets and Machines appeared first on Blockonomi.

blockonomi.com Sei Labs Sets June 15 Deadline for Exchange EVM Migration

TLDR: Sei Labs requires all exchanges to complete SEI EVM migration by June 15, 2026, or face fund loss. Every native sei1… address already has a paired EVM 0x… address on the same Sei blockchain. Four migration paths exist, ranging from automated smart contracts to fully manual fund transfers. After deprecation, Cosmos RPC endpoints and [...] The post Sei Labs Sets June 15 Deadline for Exchange EVM Migration appeared first on Blockonomi.

bitcoinist.com Coinbase Posts $394 Million Loss In Q1 2026 — And The Worst May Not Be Over

Coinbase reported a net loss of $394 million for the first quarter of 2026, swinging from a $65.6 million profit in the same period last year and missing Wall Street expectations on both revenue and earnings per share — as a sharp pullback in crypto prices and trading volumes hit the exchange’s core business harder […]

blockmanity.com DMG Blockchain Mines 21 BTC in April 2026: Strategic Shift to AI/HPC via New DMG Infrastructure Subsidiary

DMG Blockchain’s Latest Mining Update: Steady Output Amid Big Changes In the fast-moving world of Bitcoin mining, DMG Blockchain Solutions has shared its April 2026 results. The company mined , a small drop from 23 BTC in March. This comes […] The post DMG Blockchain Mines 21 BTC in April 2026: Strategic Shift to AI/HPC via New DMG Infrastructure Subsidiary appeared first on Blockmanity.

bitcoinist.com Bitcoin Market Structure Has Been Quietly Changing Since 2018: Here’s The Institutional Timeline Behind It

Bitcoin is trading above $80,000 as the market builds toward what participants on both sides of the trade increasingly describe as a decisive moment. The price recovery has been real and sustained — but top analyst Darkfost has published an analysis that invites a more fundamental question than where Bitcoin goes next: whether the market […]

blockmanity.com Why Bitcoin Slips Under $80K Amid Iran-US Tensions: $1B ETF Inflows Fail to Halt Profit Booking Surge

Why Amid Iran-US Tensions: $1B ETF Inflows Fail to Halt Profit Booking Surge Bitcoin has taken a sudden dip, falling below the mark. This drop comes right after a strong rally, but now is shaking things up. Even with over […] The post Why Bitcoin Slips Under $80K Amid Iran-US Tensions: $1B ETF Inflows Fail to Halt Profit Booking Surge appeared first on Blockmanity.

news.bitcoin.com Coinbase Buys $88 Million Worth of Bitcoin in Q1 2026

Coinbase disclosed during its Q1 2026 earnings call that it purchased $88 million worth of bitcoin during the quarter, marking a significant addition to the publicly listed exchange’s corporate treasury. Strong Accumulation Signal Coinbase, the only major U.S.-listed cryptocurrency exchange, added bitcoin to its corporate treasury during the first quarter of 2026, disclosing a purchase […]

forklog.media JPMorgan Observes Capital Shift from Gold to Bitcoin

JPMorgan analysts have observed a shift in investor priorities following the escalation of conflict in the Middle East. According to their data, market participants are increasingly opting for bitcoin over gold to safeguard capital against inflation and market risks, reports The Block. The inflow of funds into spot bitcoin-ETFs has continued for the third consecutive month. From April 30 to May 6, investors poured in $1.69 billion. Gold exchange-traded funds have yet to recover from the capital outflow in March. Source: SoSoValue. The bank noted that demand for cryptocurrency is growing not only in the retail sector: institutional investors are increasing their positions through futures on the CME and offshore platforms. An additional channel for fund inflow remains Strategy — the company is accumulating digital gold reserves faster than last year. Analysts predict that if the current pace continues, the volume of purchases could reach $30 billion by the end of the year. Bitcoin is trading around $79,503, having lost 2% in the past 24 hours. Hourly chart of BTC/USTD on Binance. Source: TradingView. The price of gold stands at $4727 (+0.59% over 24 hours). Source: Gold Price. Institutions Choose Bitcoin According to a survey by CoinShares, institutional investors have begun to invest more actively in digital assets. The first cryptocurrency remains the most attractive asset for funds — about 32% of respondents have already invested in it. Source: CoinShares. Ethereum ranks second with a figure of 25%. Analysts also noted growing interest in Solana. The study involved 26 asset managers overseeing funds with a total volume of $1.3 trillion. The share of cryptocurrencies in their portfolios is about 1%—experts called this a "typical entry size" under current market conditions. James Butterfill, head of research at CoinShares, explained the high interest in bitcoin by stating that investors see the greatest growth potential in it. Positive sentiment is linked to the development of spot ETFs and the easing of regulatory stances. Institutions are gradually moving away from "old" altcoins, redirecting capital into decentralized finance protocols and new blockchain sectors.  The main obstacles to the mass adoption of cryptocurrencies, respondents cited, are internal company restrictions and regulatory uncertainty. Back in April, JPMorgan experts recorded a sharp decline in capital inflow into crypto assets in the first quarter of 2026.

blockonomi.com Coinbase CFO Reveals USDC-Circle Contract Auto-Renews Into Perpetuity and Has No Termination Clause

TLDR: Coinbase CFO Alesia Haas confirmed the USDC contract auto-renews every three years into perpetuity. CLO Paul Grewal confirmed Circle’s contract terms are set and will auto-renew without renegotiation. The USDC contract cannot be terminated by either party, providing Coinbase with long-term stability. Coinbase earns a share of USDC reserve interest income, secured through the [...] The post Coinbase CFO Reveals USDC-Circle Contract Auto-Renews Into Perpetuity and Has No Termination Clause appeared first on Blockonomi.

forklog.media Solv Protocol Abandons LayerZero Following Kelp Hack

The Bitcoin project Solv Protocol has abandoned the cross-chain infrastructure LayerZero in favor of CCIP from Chainlink.  After an extensive security review, we have decided to deprecate @LayerZero_Core bridges for SolvBTC and xSolvBTC, and migrate to @Chainlink CCIP as our official cross-chain infrastructure solution for $700M+ in tokenized BTC (SolvBTC & xSolvBTC).In light of recent industry… pic.twitter.com/t6y7v9rt8J— Solv Protocol (@SolvProtocol) May 7, 2026 The developers will gradually cease support for bridges for SolvBTC and xSolvBTC in the Corn, Berachain, Rootstock, and TAC networks. The Chainlink protocol will become the primary means of interacting with these assets.  Solv explained the decision as a reassessment of risks following recent incidents in the DeFi sector. "Cross-chain bridges remain one of the most sensitive and risky areas of the industry. Unsafe platforms create systemic risk for the entire ecosystem," the statement said. The team noted that during the review, CCIP outperformed competitors in terms of security: its architecture is secure by default, and built-in risk controls and continuous monitoring are part of the basic configuration. Context  Solv's decision followed the April hack of Kelp involving $292 million. The attack was linked to a LayerZero-based bridge. The perpetrator exploited a single verifier configuration and issued 116,500 unsecured rsETH. The subsequent use of these assets in DeFi protocols, including Aave, resulted in a large irrecoverable debt.  After the exploit, parties disagreed on the causes. The Kelp team also announced a shift from LayerZero to CCIP. On May 7, Aave liquidated the hacker's remaining rsETH positions as part of an approved recovery plan.

cryptobriefing.com Tracy McGrady: The Thunder’s playoff prowess poses major challenges, Bulls’ management is a disaster, and Sixers miss opportunities with Jared McCain | Pardon My Take

NBA playoff dynamics reveal how financial incentives and strategic decisions shape team performances and outcomes. The post Tracy McGrady: The Thunder’s playoff prowess poses major challenges, Bulls’ management is a disaster, and Sixers miss opportunities with Jared McCain | Pardon My Take appeared first on Crypto Briefing.

blockonomi.com Solv Protocol Migrates $700M+ Bitcoin Portfolio to Chainlink CCIP After Full Security Review

TLDR: Solv Protocol is migrating $700M+ in tokenized Bitcoin to Chainlink CCIP after a full security review. LayerZero bridging support for Corn, Berachain, Rootstock, and TAC is being fully deprecated by Solv. Chainlink CCIP holds White House recognition as critical infrastructure for the digital asset ecosystem.  Solv’s CTO confirms CCIP delivers defense-in-depth security for all [...] The post Solv Protocol Migrates $700M+ Bitcoin Portfolio to Chainlink CCIP After Full Security Review appeared first on Blockonomi.

bitcoinist.com Voters Want Crypto Legislation Now: 70% Say America Should Already Have Clear Rules– Poll

A new national poll suggests the CLARITY Act is gaining traction with voters across party lines. Conducted by HarrisX, the survey found that support for clearer, federal rules for crypto assets is strong enough to cut through partisan disagreement. 60% Want Imperfect But Clear Federal Crypto Law The HarrisX poll interviewed 2,008 registered voters, and […]

blockonomi.com Bitcoin Drops 245,000 Holders in 5 Days While Long-Side Leverage Reaches a Two-Year High

TLDR: Bitcoin lost 245,000 wallets in five days, its fastest holder decline in nearly two years. A June–July 2024 exit of 964K wallets preceded a major bull run, offering a historical parallel. Exiting holders hand supply to long-term buyers, shrinking liquid coins and amplifying price moves. With 564 long clusters vs. 203 short, how Bitcoin [...] The post Bitcoin Drops 245,000 Holders in 5 Days While Long-Side Leverage Reaches a Two-Year High appeared first on Blockonomi.

blockonomi.com Treasury Demands Binance Follow Compliance Pact: Report

TLDR The US Treasury Department reportedly sent a private letter urging Binance to comply with its 2023 monitoring agreement. The 2023 settlement required Binance to follow a three-year oversight program under federal supervision. Reports claimed that $1 billion moved through Binance to entities tied to Iran. A group of US senators asked Treasury Secretary Scott [...] The post Treasury Demands Binance Follow Compliance Pact: Report appeared first on Blockonomi.

blockonomi.com AWS Hardware Failure Forces Coinbase Into Cancel-Only Mode

TLDR Coinbase halted trading after a hardware failure disrupted its systems at an AWS data center. The exchange placed all markets into Cancel Only mode for several hours. Increased temperatures affected Availability Zone use1-az4 in the AWS US-EAST-1 region. Coinbase reported a loss of $1.49 per share in its first-quarter earnings. Revenue reached $1.41 billion, [...] The post AWS Hardware Failure Forces Coinbase Into Cancel-Only Mode appeared first on Blockonomi.

blockonomi.com Chainlink Whales Add 32.93M LINK as Supply Squeeze and Buybacks Point to a Price Breakout

TLDR: Chainlink Wallets holding 100K–10M LINK added 32.93M coins in one month, marking a 7.7% increase in holdings. The LINK whale cohort hit an all-time high of 461,000 wallets, signaling growing conviction among large holders. Chainlink’s buyback program moved $2.31M worth of LINK to its reserve within one week of activity. LINK Spot ETF cumulative [...] The post Chainlink Whales Add 32.93M LINK as Supply Squeeze and Buybacks Point to a Price Breakout appeared first on Blockonomi.

blockonomi.com AI Agents and Corporates Fuel Next Stablecoins Wave

TLDR Executives said large corporations plan to use stablecoins for cross-border payments and treasury operations. Lindsey Einhaus stated that companies want to simplify global account management through blockchain systems. Bridge, acquired by Stripe for $1.1 billion, provides infrastructure for enterprise stablecoin transactions. Payment-focused blockchains now support features such as refunds and private transfers. Executives said [...] The post AI Agents and Corporates Fuel Next Stablecoins Wave appeared first on Blockonomi.

bitcoinist.com Crypto Allies Gain Ground In Congress After Indiana Primary Win

A war chest of $193 million. That’s what Fairshake, the crypto industry’s most powerful political action committee, reported holding as of January — and it’s spending that money fast. Related Reading: Bitcoin Mining Could Transform Colombia’s Caribbean Region, President Says Money Behind The Win Indiana Republican James Baird cruised to victory Tuesday in his party’s […]

news.bitcoin.com Coinbase Exchange Experiences “Degraded Performance” for Over Two Hours After AWS Outage

Coinbase’s exchange went dark for over two hours on Friday after an Amazon Web Services (AWS) outage disrupted trading access for thousands of users worldwide. Major Disruption Affects Withdrawals, Trades Coinbase, one of the world’s largest cryptocurrency exchanges by trading volume, experienced a significant service disruption Friday morning after an outage at Amazon Web Services […]

blockonomi.com Hyperliquid Strategies Posts $165M Loss as HYPE Grows

TLDR Hyperliquid Strategies reported a $165.4 million net loss for the nine months ended March 31. The company holds about 20 million HYPE tokens after recent treasury expansion. Hyperliquid deployed $216 million to acquire nearly 7.3 million HYPE tokens since December 2025. The firm recorded $64 million in unrealized losses tied to its HYPE holdings. [...] The post Hyperliquid Strategies Posts $165M Loss as HYPE Grows appeared first on Blockonomi.

blockonomi.com Chainlink Wins $700M Bitcoin Migration From Solv Protocol

TLDR Solv Protocol will migrate $700 million in tokenized bitcoin to Chainlink CCIP for cross-chain transfers. The platform will phase out LayerZero support for SolvBTC and xSolvBTC across multiple blockchain networks. Solv selected Chainlink after reviewing bridge security following recent industry exploits. The decision follows a $292 million exploit involving a LayerZero-powered bridge used by [...] The post Chainlink Wins $700M Bitcoin Migration From Solv Protocol appeared first on Blockonomi.

blockonomi.com Aptos Commits $50M to Expand Ecosystem and AI Systems

TLDR Aptos Foundation and Aptos Labs committed over $50 million to expand the Aptos blockchain ecosystem. The funding will support products, protocol infrastructure, research, and a strategic fund for trading and AI partners. Aptos said the investment targets institutional-grade onchain markets and autonomous AI systems. Decibel, an onchain perpetuals exchange incubated by Aptos Labs, has [...] The post Aptos Commits $50M to Expand Ecosystem and AI Systems appeared first on Blockonomi.

blockonomi.com Block Inc Shares Up 8% Following Q1 Earnings Beat

TLDR Block Inc shares rose nearly 8% in after-hours trading after the company beat Q1 earnings estimates. The company reported earnings of $0.85 per share, exceeding the $0.68 consensus forecast. Block Inc posted a net loss of $309 million, marking its first quarterly loss since 2023. A 23.8% drop in Bitcoin prices led to a [...] The post Block Inc Shares Up 8% Following Q1 Earnings Beat appeared first on Blockonomi.

bitcoinist.com Binance SAFU Fund Grows As Bitcoin Rallies – What It Means for Users

While most of the market’s attention in February 2026 was focused on price levels and macro uncertainty, Binance made a move that said more about its institutional confidence than any market commentary could. At the February lows, the exchange purchased 15,000 Bitcoin at an average price of approximately $69,244 per coin — deploying roughly $1 […]

news.bitcoin.com Flutter Restructures US Operations as FanDuel CEO Howe Departs With $4.37M Severance

Flutter Entertainment announced a leadership transition at FanDuel, with Chief Executive Amy Howe departing after five years and Christian Genetski stepping into the CEO role. The departure was confirmed alongside Flutter’s Q1 2026 results. Genetski Takes Over While Flutter Names Group-Level President Per the press release, Howe will receive severance of $4,370,828 – equal to […]

news.bitcoin.com Kraken Parent Payward Buys Reap Technologies for $600M to Build Stablecoin Payment Rails

Payward Inc., the parent company of cryptocurrency exchange Kraken, announced on Thursday that it has agreed to acquire Hong Kong-based Reap Technologies Holdings for up to $600 million in a mix of cash and stock, in a deal that values Payward at $20 billion. Payward Locks in $600M Reap Acquisition as Stablecoin Card Market Tops […]