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forklog.media Bitcoin Advocate Kevin Warsh to Lead the Federal Reserve

The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve System (Fed). His nomination received 54 votes in favor and 45 against. Warsh will succeed Jerome Powell, whose term ends on May 15. The new chair will serve a four-year term. The Senate also confirmed him as a member of the Fed's Board of Governors for 14 years. Warsh previously served on the regulator's board from 2006 to 2011. Before that, he held executive positions at Morgan Stanley. The new Fed chair is known for his favorable stance on digital assets. He has described bitcoin as an "important asset" that aids authorities in assessing the state of the economy. Financial disclosures revealed that Warsh has invested in crypto projects such as dYdX, Lighter, Polychain Capital, and Dapper Labs. He also owns tokens in Solana and Optimism. One of the key areas of focus for the new Fed chair will be interest rate policy—a topic that has frequently been a source of contention between Powell and President Donald Trump. On May 12, the U.S. Bureau of Labor Statistics reported a 3.8% year-over-year increase in the Consumer Price Index (CPI). Weak CPI data triggered a reduction in risk positions in bitcoin derivatives: open interest on major crypto exchanges fell by nearly $1.25 billion. Back in January, Powell revealed that the U.S. Department of Justice had threatened him with criminal charges over testimony given in Congress in June 2025.

bitcoinist.com Bhutan Transfers $8 Million In Bitcoin Amid Ongoing Bitcoin Liquidation

Bhutan could walk away with roughly $767 million in total profit if it sells its remaining Bitcoin near current prices — a striking figure for a Himalayan nation of 750,000 people that quietly built one of the world’s largest sovereign crypto reserves through hydropower mining. Related Reading: US Charges Trio In Brutal Crypto Wrench Attack […]

news.bitcoin.com ADI Foundation and Settlemint Launch ADGM Tokenization Rail for $30.9B RWAs

ADI Foundation and Settlemint have launched a partnership to build an integrated digital securities infrastructure on the ADI Chain. Integrated Infrastructure for Institutional Adoption ADI Foundation and Settlemint announced a partnership on May 13 to launch a new digital securities infrastructure on the ADI Chain, aiming to streamline the tokenization of assets within the Abu […]

blockonomi.com BitGo Revenue Hits $3.8 Billion in Q1 2026 Despite Widening Net Loss After NYSE Debut

TLDR: BitGo’s total Q1 2026 revenue reached $3.8B, rising 112.6% year-over-year driven by digital asset sales activity. Net loss widened to $60.7M in Q1 2026, largely due to non-cash Bitcoin treasury adjustments and IPO-related stock compensation. Client count grew 42% year-over-year to 5,569, reflecting continued institutional demand across BitGo’s platform. Stablecoin-as-a-Service revenue jumped 43.6% sequentially [...] The post BitGo Revenue Hits $3.8 Billion in Q1 2026 Despite Widening Net Loss After NYSE Debut appeared first on Blockonomi.

blockonomi.com Forward Industries Nears $1B Unrealized Loss as Solana Price Falls Below Its $232 Buy-In

TLDR: Forward Industries holds 6.96M SOL purchased at $232.08, putting its unrealized loss close to $1 billion. The company posted a $585.65M net loss in Q1 fiscal 2026, largely from a $560M digital asset loss. Staking rewards topped 112,171 SOL since inception, with gross APY ranging between 6.5% and 7.2%. Forward reported $21.4M in revenue, [...] The post Forward Industries Nears $1B Unrealized Loss as Solana Price Falls Below Its $232 Buy-In appeared first on Blockonomi.

forklog.media Bitcoin Advocate Kevin Warsh to Lead the Federal Reserve

The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve System (Fed). His nomination received 54 votes in favor and 45 against. Warsh will succeed Jerome Powell, whose term ends on May 15. The new chair will serve a four-year term. The Senate also confirmed him as a member of the Fed's Board of Governors for 14 years. Warsh previously served on the regulator's board from 2006 to 2011. Before that, he held executive positions at Morgan Stanley. The new Fed chair is known for his favorable stance on digital assets. He has described bitcoin as an "important asset" that aids authorities in assessing the state of the economy. Financial disclosures revealed that Warsh has invested in crypto projects such as dYdX, Lighter, Polychain Capital, and Dapper Labs. He also owns tokens in Solana and Optimism. One of the key areas of focus for the new Fed chair will be interest rate policy—a topic that has frequently been a source of contention between Powell and President Donald Trump. On May 12, the U.S. Bureau of Labor Statistics reported a 3.8% year-over-year increase in the Consumer Price Index (CPI). Weak CPI data triggered a reduction in risk positions in bitcoin derivatives: open interest on major crypto exchanges fell by nearly $1.25 billion. Back in January, Powell revealed that the U.S. Department of Justice had threatened him with criminal charges over testimony given in Congress in June 2025.

forklog.media Ledger Postpones IPO Amid Market Volatility

The hardware wallet manufacturer Ledger has indefinitely postponed its IPO due to challenging market conditions, according to CoinDesk, citing sources. One insider revealed that the French firm has not submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission. Confidential filing of documents is typically the first formal step in the process of going public. It is also reported that Ledger is exploring various financing options and has the ability to raise capital privately. News of the company's IPO plans emerged in January, when the wallet manufacturer was valued at approximately $4 billion—three times the figure for 2023. Major banks, including Goldman Sachs, Jefferies, and Barclays, were acting as advisors for the deal. In November 2025, Ledger CEO Pascal Gauthier also mentioned a potential public offering. He noted that as the number of hacking attacks increased, his company's revenue exceeded "hundreds of millions of dollars." Ledger is not the first crypto company to delay an IPO in 2026. In March, the media learned that the exchange Kraken had similarly postponed its plans indefinitely, also citing difficult market conditions. Conversely, custodian BitGo successfully completed its stock offering. In January, the company debuted on the NYSE. This success likely echoes the previous year. In 2025, 11 crypto companies went public, collectively raising $14.6 billion. Earlier in March 2026, Gemini shareholders filed a class-action lawsuit against the crypto exchange. The plaintiffs accuse the platform, its founders Tyler and Cameron Winklevoss, and top executives of misleading investors during and after the IPO.

blockonomi.com Jane Street Cuts Bitcoin ETF Exposure, Doubles Down on Ether in Q1 2026

TLDR: Jane Street cut its BlackRock IBIT position by roughly 71%, bringing the stake to about 5.9 million shares. The firm’s Fidelity FBTC holding dropped nearly 60%, falling to around 2 million shares by the end of Q1 2026. Combined additions to BlackRock and Fidelity Ether ETFs totaled approximately $82 million during the quarter. Galaxy [...] The post Jane Street Cuts Bitcoin ETF Exposure, Doubles Down on Ether in Q1 2026 appeared first on Blockonomi.

bitcoinist.com Warren Files 40 CLARITY Act Amendments To Keep XRP Out of US Banking System, Expert Reveals

As the Senate Banking Committee’s long-awaited markup of the CLARITY Act nears, XRP has reportedly become a focal point of a wave of amendments being prepared for the key vote on Thursday.  The bill—described by participants as a crypto market structure package that has already been delayed by more than five months—is widely viewed by […]

blockonomi.com Pepe Coin News: Holder Addresses Surge Past 550,000 as ETF Filing Adds Momentum and Pepeto Presale Nears Sellout Before Listing Triggers

The pepe coin news cycle is heating up as holder addresses jumped by 37,000 since mid-April to reach roughly 551,500 unique wallets. Canary Capital filed an S-1 with the SEC for the first spot PEPE ETF in history, and the token trades near $0.0000041 with higher lows forming since late March. With Bitcoin above $80,000, [...] The post Pepe Coin News: Holder Addresses Surge Past 550,000 as ETF Filing Adds Momentum and Pepeto Presale Nears Sellout Before Listing Triggers appeared first on Blockonomi.

news.bitcoin.com Bet-at-Home Q1 Revenue Falls 16% After Choosing Tax Pass-Through Path Rivals Refused

Bet-at-home.com AG’s Q1 2026 gross betting and gaming revenue fell 16.1% as the operator’s June 2025 decision to pass Austria’s newly raised 5% betting tax through to customers translated into a €22m sportsbook volume drop. Multiple competitors opted to absorb the same tax hike instead, exposing Bet-at-home to an activity decline that has now flipped […]

cryptobriefing.com Iran threatens weapons-grade uranium enrichment as peace talks stall, raising crypto safe-haven questions

Iran's uranium enrichment threat could destabilize global markets, impacting crypto regulations and energy prices, with broader economic ripples. The post Iran threatens weapons-grade uranium enrichment as peace talks stall, raising crypto safe-haven questions appeared first on Crypto Briefing.

cryptobriefing.com eBay rejects GameStop’s $55.5 billion takeover bid, calling it ‘neither credible nor attractive’

GameStop's rejected bid highlights the challenges of transforming traditional retail into e-commerce, emphasizing strategic and financial hurdles. The post eBay rejects GameStop’s $55.5 billion takeover bid, calling it ‘neither credible nor attractive’ appeared first on Crypto Briefing.

bitcoinist.com Crypto Superapp Legend Announces Shutdown As Industry Shakeout Continues

Mainstream crypto users don’t care whether a product runs on a blockchain or not. That blunt observation came from Legend CEO Jayson Hobby as he announced the closure of the DeFi mobile app he helped build — and it may be the most honest thing said about crypto consumer products in years. Related Reading: Former […]

bitcoinist.com America ‘Must Fight To Win Crypto’, Galaxy CEO Novogratz Says

Mike Novogratz has urged Senate Democrats to move forward on crypto market structure legislation, warning that resistance to the CLARITY Act could push digital asset activity further offshore and weaken the United States’ role in shaping the industry. In a post on X titled “America Must Fight to Win Crypto,” Novogratz framed the debate as […]

news.bitcoin.com Experts Say Zk Proofs Give DePINs an Edge as AI Trust Demands Rise

Goldman Sachs’ baseline forecast of $7.6 trillion in artificial intelligence (AI) capital spending ultimately depends on how long AI‑specific silicon remains useful. Decentralized networks promise major cost efficiencies but continue to battle latency issues, and experts argue their long‑term viability will hinge on prioritizing verifiability over raw performance. The $7.6 Trillion Baseline A recent Goldman […]

news.bitcoin.com Let the Free Markets Be Free: SEC Push Could Shape Future Crypto Rules

SEC officials discussed modernizing securities rules that could affect crypto-linked public companies, with senior regulators openly questioning whether decades-old frameworks still fit digital asset markets. Division of Corporation Finance Director Jim Moloney said the agency wants to reduce unnecessary burdens and “let the free markets be free.” SEC Free Market Push Could Reach Crypto Issuers […]

bitcoinist.com Stablecoins Enter Institutional Phase As Senate CLARITY Draft Clarifies Rules – Analyst

The crypto market faces a pivotal regulatory moment as the US Senate Banking Committee prepares to vote on the CLARITY Act on Thursday, May 14 — a markup session that will determine whether the most comprehensive digital asset framework in American history advances or returns to the negotiating table. The timing arrives against a backdrop […]

bitcoinist.com 9 Red Candles Before The Bottom: Why Bitcoin Price Will Continue To Crash

Bitcoin’s hold above $80,000 has increased the possibility of the worst of the current correction being over. However, one crypto analyst is warning that the monthly chart may still be telling a different story, with Bitcoin’s past bear-market structures pointing to more downside before a price bottom. The analysis, shared on X, is based on […]

blockonomi.com Bonk Price Sits 88% Below All Time High While Pepeto Presale Hits $10 Million With a Working Exchange and Binance Listing Ahead

The Bonk price shows a token still waiting for a catalyst that has not arrived, with BONK trading at $0.0000071 and sitting 88% below its November 2024 peak. Tuttle Capital filed a 2x leveraged BONK ETF while Bonk Holdings on Nasdaq targets $115 million in reserves, but even those moves cannot close a gap that [...] The post Bonk Price Sits 88% Below All Time High While Pepeto Presale Hits $10 Million With a Working Exchange and Binance Listing Ahead appeared first on Blockonomi.

news.bitcoin.com Bitcoin Bottom Unconfirmed as Peter Brandt Flags Bear Channel

Peter Brandt warned that bitcoin has not formed a recognizable bottom, citing a possible bear channel from the February low. His key trigger is an ATR close below $79,145, which he said could signal renewed downside. Bitcoin Recovery Faces Pressure Inside Bear Channel Veteran trader Peter Brandt warned that bitcoin has not completed a recognizable […]

news.bitcoin.com Ripple Supports CLARITY Act—Garlinghouse Says ‘This Is the Moment’

Ripple and crypto industry leaders backed the Senate’s CLARITY Act ahead of a key markup, citing clearer rules, stronger consumer protections, and U.S. leadership. Ripple’s legal chief cited a report estimating 67 million Americans hold crypto. Ripple and Crypto Leaders Rally Around CLARITY Act Ripple executives publicly backed the Senate’s CLARITY Act on May 13 […]

bitcoinist.com US Senate Amendments Target Crypto Tax Payments And Banking Access – Details

The crypto market faces one of its most consequential regulatory tests this week as the US Senate Banking Committee prepares to vote on the CLARITY Act on Thursday, May 14. The markup session will determine whether the most comprehensive digital asset legislation in American history advances toward a full Senate floor vote — or returns […]