Bitcoin Magazine Ledger, Consensys Get Cold Feet as Crypto IPO Window Slams Shut Crypto hardware wallet maker Ledger has paused plans for a U.S. IPO amid weak crypto market conditions and is instead considering alternatives including a private funding round. This post Ledger, Consensys Get Cold Feet as Crypto IPO Window Slams Shut first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

TLDR: China’s yuan touched a 3-year high after the PBOC set its strongest midpoint rate since March 2023. The Shanghai Composite fell 1.52%, its worst session in two months, driven largely by profit-taking. Analysts say markets are growing less sensitive to Sino-U.S. trade news, shifting focus to technology. Xi and Trump agreed to pursue a [...] The post China’s Yuan Hits 3-Year High as Trump-Xi Summit Shapes Market Sentiment appeared first on Blockonomi.

Suspending the gas tax may offer short-term relief but risks long-term infrastructure funding gaps, prompting debates on sustainable financing. The post Trump proposes federal gasoline tax pause amid Iran war energy costs appeared first on Crypto Briefing.

Nvidia (NVDA) stock climbed 2.3% after U.S. approval for Chinese firms to buy H200 chips. Alibaba, Tencent, and ByteDance among approved buyers. The post Nvidia (NVDA) Stock Gains 2.3% as U.S. Approves H200 Chip Sales to Chinese Companies appeared first on Blockonomi.

Solana price pulled back on Wednesday as bullish momentum weakened near a key Fibonacci resistance zone, while traders monitored signs of a potential bearish MACD crossover on the daily chart. According to data from crypto.news, Solana (SOL) traded near $91…

BoE weighs easing UK stablecoin caps and reserve demands after industry backlash, in a move that could decide whether GBP tokens can compete with dollar‑pegged rivals.

The CFTC issued no-action relief from certain swap reporting rules for fully collateralized event contracts as prediction market disputes widen.

Crypto analysts spot early altcoin recovery signals as key metrics improve and capital rotation hints at a potential altseason in 2026.

• #litecoin

The American firm DeFi Development Corp. (DFDV) released its first-quarter report. The amount of Solana per share rose by 108% year-on-year to 0.067 SOL. As of May 13, the firm holds 2,294,576 SOL ($325 million). To accumulate assets, DFDV employs staking, its own validators, and allocates 25% of reserves in DeFi protocols. The company's head, Joseph Onorati, stated that the firm's strategy differs from Strategy's approach. According to him, the Solana ecosystem provides tools unavailable to Bitcoin treasuries: native yield and protocol composability. Despite the growth in crypto reserves, the company recorded a net loss of $83.4 million. This is due to the 50% drop in Solana's price over the year—currently trading around $91. Meanwhile, the company's revenue increased to $2.6 million. Hourly chart of SOL/USDT on Binance. Source: TradingView. DFDV also repurchased its convertible bonds maturing in 2030 for $4.4 million—at a 41% discount for fiat. The management confirmed plans to reach 0.075 SOL per share by June. The long-term goal of 1 SOL per security by the end of 2028 remains unchanged. DFDV shares on the Nasdaq are trading at $4.65 (-3.12% for the day). Source: Google Finance. CoinGecko tracks 20 organizations with a total holding of 18.4 million SOL (approximately $1.68 billion)—accounting for 2.95% of the coin's total market supply. Source: CoinGecko. The top five holders include Forward Industries, Upexi, Sharps Technology, and Solana Company. Earlier, on May 12, Upexi reported a net loss of $109.3 million for the third quarter.

Meta's CEO Mark Zuckerberg announced the launch of Incognito Chat, a feature for confidential communication with AI in Meta AI and WhatsApp. According to him, the service does not store conversation history on servers and uses end-to-end encryption, ensuring that no one, including the corporation itself, can read the correspondence. “Incognito Chat processes all AI responses in a secure execution environment, which ensures your messages are inaccessible to us,” he noted. The product differs from other similar solutions, where conversation logs are often stored on company servers “for many months.” “To get the most out of personal superintelligence, we all need the ability to discuss delicate topics in a way that no one can access the correspondence. I am proud that MSL is the first lab to provide a private AI,” Zuckerberg stated. Google stores data from temporary Gemini sessions for up to 72 hours, ChatGPT for up to 30 days, and Claude for at least a month. Incognito Chat is built on the Private Processing technology that Meta launched in 2025 for WhatsApp. The feature will be available “in the coming months.” Lawsuits Involving OpenAI ChatGPT logs were at the center of recent legal proceedings related to mass shootings in Tumbler Ridge (Canada) and at Florida State University. Sam Altman and his company were accused of ignoring the shooters' alarming messages. In a new lawsuit, the parents of a young man who died last year from a drug overdose accused OpenAI and the startup's head of “encouraging” the intake of a dangerous combination of substances. Layla Turner-Scott and Angus Scott claim that their 19-year-old son Sam Nelson used the chatbot to get recommendations on combining various drugs. Back in April 2026, Meta began collecting data on employee actions to train AI agents.

BlackRock sparks discussions about its frequent Bitcoin deposits seen this week, suggesting that the firm might have resumed its Bitcoin selling streak.

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TLDR: Core PPI jumped 1% month-over-month, far exceeding the 0.2% forecast, signaling persistent inflation. Binance recorded $853M in BTC selling flows in one hour, accounting for 91% of total market selloff. Fed rate cut expectations for 2026 have been fully priced out following the hotter-than-expected PPI print. Bitcoin is retesting the $78K–$79K support zone, with [...] The post Bitcoin Faces $853M Selloff as Hot PPI Data Fuels Stagflation Fears appeared first on Blockonomi.

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Faraday Future (FFAI) stock holds at $0.41 as RobotShop MOU expands robotics sales. Company targets 1,000 robot shipments in 2026 through new partnership. The post Faraday Future (FFAI) Stock: RobotShop Partnership Accelerates Robotics Market Entry appeared first on Blockonomi.

North Korean hacking groups have been tied to most major crypto exchange attacks in South Korea since 2018, while billions of dollars in suspected illicit crypto flows have also moved through the country’s financial system. According to Crystal Intelligence’s 2026…

There are two conditions for a recovery to $82K: exchange netflows returning negative and leveraged long liquidation pressure cooling.

• #bitcoin

Data shows XRP has reached a new milestone in its 10,000+ token wallets, a sign that large investors have been coming into the network. More Than 332,000 Wallets Now Hold 10,000+ XRP In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the population of the mid-to-large holders […]

Robinhood's RVII fund democratizes early-stage startup investments, potentially reshaping retail investor access and market dynamics. The post Robinhood files for IPO of second retail venture fund RVII amid AI hype appeared first on Crypto Briefing.

Myriad integrates Chainlink to automate crypto prediction markets with faster settlements for BTC, ETH, BNB, and SOL before expanding to real-world assets. The post Myriad Integrates Chainlink for Accelerated Cryptocurrency Prediction Markets appeared first on Blockonomi.

Binance will remove 20 Alpha tokens on May 14 after review, while ATA, FARM, MLN, PHB and SYS face spot delisting on May 27 after cleanup.

Persistent inflation pressures may lead to prolonged high interest rates, challenging risk assets and potentially slowing economic growth. The post US supercore CPI rises to 3.3% YoY, up from 3.1%, signaling sticky inflation ahead appeared first on Crypto Briefing.

XRP witnesses a surge of new users, but it might not be enough for a proper retrace.

2026 Report: Top Opportunities, Risks & Smart Investment Guide The U.S. stock market now has a big crypto sector. It includes products that trade crypto-related assets on normal stock exchanges. Investors can buy in using regular brokerage accounts. No need […] The post 2026 U.S. Crypto Equity Market Report: Top Opportunities, Risks & Smart Investment Guide appeared first on Blockmanity.

TLDR: Nvidia CEO’s foundation purchased $108.3M in CoreWeave computing time for university and nonprofit AI research. Nvidia offered free engineering services to select institutions receiving the CoreWeave computing grant donations. Nvidia invested $2 billion in CoreWeave in January, making it the company’s second-largest shareholder at the time. Nvidia’s $6.3B CoreWeave deal guarantees chip purchases of [...] The post Nvidia CEO’s Foundation Donates $108M in CoreWeave Computing to Researchers appeared first on Blockonomi.

Jon Matonis' appointment signals a strategic shift towards privacy tech, potentially enhancing investor confidence in Solana's ecosystem growth. The post SOL Strategies appoints Jon Matonis as Chairman of the Board appeared first on Crypto Briefing.

The Casper Association has launched a multi-year technical roadmap focused on institutional-grade infrastructure for real-world asset tokenization and artificial intelligence-driven commerce. Bridging the Ethereum Ecosystem The Casper Association on May 12 unveiled a multi-year technical roadmap aimed at positioning the Casper Network as the primary infrastructure for regulated asset tokenization and the burgeoning machine-to-machine economy. […]

Developers at large technology firms have grown disillusioned with using artificial intelligence for programming and complain of skill loss, according to 404media. Coders say AI-generated code often contains errors. Reviewing and fixing it can take longer than writing from scratch. "We are being forced to use AI agents to make sweeping changes across the entire codebase. Assessing the quality and safety of that volume is simply impossible, especially given that hundreds of programmers are doing the same thing," said a UX designer at a technology company. The expert added that the team is accruing "a pile of technical debt" that will be impossible to untangle once models become prohibitively expensive. Tech executives are eager to tout the share of code generated by AI: In April, Google said 75%; in 2025, Microsoft CEO Satya Nadella put it at 30%; Anthropic — 90%; Meta boss Mark Zuckerberg predicted that within 12–18 months neural networks will write most of the code that improves AI itself; Meanwhile, industry-wide layoffs continue — companies cite automation and cost-cutting. The boost never came 404media writes that "the huge productivity leap delivered by artificial intelligence" has not led to more or better product. Developers deny that AI helps them at work — yet they are required to integrate it into their workflows. "Using an LLM in one form or another is a mandatory requirement. Its use is part of performance evaluation criteria. We are literally being flooded with AI tools, and the answer to any problem is to 'try artificial intelligence first'," said a programmer at one of the FAANG companies. Because performance reviews are tied to adopting the technology, most developers use AI "to tick a box". An engineer at a fintech company said using LLMs is not mandatory but encouraged: developers are given access to Cursor. A programmer at a small web-design firm stressed that AI assistants in the IDE have not boosted productivity — the code contains errors and every line has to be rechecked. "Another developer works with me on contract. He generates huge volumes of code, leaving me with more than 1,000 lines of pull requests to review, and that takes a tremendous amount of time. As a result, I feel more tired and burned out than at any time in my life," the engineer said. A coder in fintech added that AI can generate more code than the team can review or explain. "As a result, you either throw it away or ship it, fearing there may be elements of very low quality," he explained. AI is useful, sometimes Developers concede that AI does handle some tasks — for instance, quickly assembling prototypes and implementing solutions in unfamiliar domains. One engineer said LLMs are handy with large volumes of information: they find where a request is handled on the server, summarise data from logs and help search documentation on code changes. Skills are deteriorating As AI embeds deeper into workflows, developers are losing skills honed over years. Researchers call this phenomenon "cognitive debt" or "cognitive atrophy". A programmer at a small web-design company said he once could not remember how to implement an API in Laravel — and it "scared me to death". "It is like when mobile phones arrived and we stopped memorising numbers. For me it has grown into outsourcing the thinking process. My critical thinking and ability to sit down and think through a problem or a project have deteriorated," commented a software developer in finance. AI is here to stay Most engineers agree that large language models will remain and continue to play a role in programming. The question is how the industry will cope with management's current obsession with the technology, particularly when training new generations of developers. "We are hiring junior programmers who rely on AI to perform the simplest tasks. They do not have the knowledge or experience to recognise when the outputs of neural networks contain errors or are inefficient," said the UX designer. In August 2025, Coinbase fired programmers who refused to use artificial intelligence in their work.

Bank of England reconsidering stablecoin holding limits and reserve requirements after industry warns strict rules could harm UK digital asset competitiveness. The post Bank of England Reconsiders Stablecoin Regulations Following Industry Concerns appeared first on Blockonomi.

TLDR: Bitcoin exchange outflows dropped to 19,995 BTC on May 11, far below the period’s daily average of 25,600 BTC. Funding rates turned deeply negative between May 8–10, confirming traders were aggressively building short leverage positions. On May 12, long liquidations hit 11.8 times the volume of short liquidations, reflecting a one-sided market collapse. A [...] The post Bitcoin Crash Wipes Out $109.7M in Long Positions as Outflows Dry Up and Shorts Dominate appeared first on Blockonomi.

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Tether freezes $213M in USDT linked to Gurhan Kiziloz following Brazilian court ruling. Tether has frozen more than $213 million linked to Gurhan Kiziloz and 48 USDT accounts associated with his company following a Brazilian court ruling tied to gambling…

BitGo’s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.

Rising inflation pressures could prolong higher interest rates, challenging tech valuations and potentially cooling global market optimism. The post NASDAQ 100 futures fall 1% as US April CPI meets expectations appeared first on Crypto Briefing.

TLDR: CFTC’s Division of Market Oversight and Division of Clearing and Risk issued no-action relief on May 13, 2026. DCMs, DCOs, and market participants are exempt from swap recordkeeping and swap data repository reporting rules. The no-action position covers all beneficiaries of previous no-action letters for fully collateralized event contracts. A streamlined process now allows [...] The post CFTC Issues No-Action Relief for Event Contracts, Exempting DCMs and DCOs From Swap Reporting Rules appeared first on Blockonomi.

The Bank of England has begun reconsidering parts of its proposed stablecoin framework after digital asset firms warned that strict reserve rules and ownership caps could make pound-backed tokens difficult to use at scale. According to the Financial Times, Bank…

The Bank of England's policy shift may enhance the UK's competitive edge in digital finance, fostering innovation and attracting global crypto firms. The post Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash appeared first on Crypto Briefing.

Ripple’s David Schwartz warned XRP users about fake airdrops, giveaways and impersonators as scams targeting XRPL holders increase online.

A £5 million ($6.7 million) gift from crypto billionaire Christopher Harborne has landed Reform UK leader Nigel Farage before a parliamentary standards watchdog over an alleged disclosure failure. Related Reading: Former Crypto CEO Apologizes To Investors As $328M Fraud Claims Surface The Size Of The Donation According to reports, the money came from Harborne, a […]

DOGEBALL joins top crypto watchlists as investors seek short-term breakout opportunities in 2026. A low entry price means nothing without a real catalyst behind it, and that is exactly why investors keep searching for the best crypto to buy and…

The closure of the Strait of Hormuz could severely disrupt global trade, exacerbating food insecurity and economic instability worldwide. The post Iran’s Hormuz closure threatens global trade, raises hunger crisis fears appeared first on Crypto Briefing.

U.S.-listed spot Bitcoin ETFs recorded their largest single-day outflows in four months on Wednesday as rising inflation concerns and weakening risk appetite pressured crypto markets. According to data from SoSoValue, the 12 spot Bitcoin ETFs in the U.S. recorded roughly…

• #bitcoin

The coalition's standardization efforts could accelerate AI infrastructure development, reduce costs, and prevent vendor lock-in, fostering innovation. The post 3M joins AMD, Meta, Oracle, Cisco, Arista to standardize expanded beam optical connectivity for AI data centers appeared first on Crypto Briefing.

The US's strategic shift to domestic rare earth production could reduce dependency on China, impacting global supply chains and trade dynamics. The post US government confirms comprehensive actions on rare earths appeared first on Crypto Briefing.

The summit's outcome could reshape global crypto mining economics, influencing hardware costs and prompting shifts in rare earth sourcing. The post Trump, Xi to emphasize stability at high-stakes summit with major crypto mining implications appeared first on Crypto Briefing.

Binance launches fresh token delisting as 20 cryptocurrencies face removal from platform.

Akamai (AKAM) stock soared 7.7% to a 26-year high after BofA upgraded it to Buy with a $175 target, fueled by an $1.8B AI deal with a frontier model provider. The post Akamai (AKAM) Stock Surges to Highest Level Since 2000 Following Bank of America Upgrade appeared first on Blockonomi.

Bitget Wallet has appointed former Uber executive Jack Zhai as Head of the Americas as the company pushes to expand its self-custodial wallet business across the region. According to a statement shared with crypto.news, Zhai will oversee regional partnerships, user…

Intel (INTC) returns to Formula One through multi-year McLaren partnership, providing processors for F1, IndyCar, and esports racing operations. The post Intel (INTC) Stock: Chipmaker Returns to F1 Racing with McLaren Partnership appeared first on Blockonomi.

XRP trades near $1.43 as Binance open interest tops $475M, ETF inflows cool and record 10K+ wallets put $1.50 resistance in focus this week.

SpaceX's IPO could reshape market dynamics, attracting substantial investor interest despite geopolitical tensions and economic challenges. The post SpaceX IPO anticipation grows with June 2026 target amid market interest appeared first on Crypto Briefing.

Foxconn exceeds Q1 profit forecasts with T$49.92B earnings, up 19% YoY, fueled by AI server demand and strong iPhone assembly revenue performance. The post Foxconn Surpasses Q1 Earnings Expectations as AI Server Business Fuels Growth appeared first on Blockonomi.

Nokia (NOK) stock surged 12% after unveiling AI network tools and benefited from Cisco's stellar earnings, pushing shares to multi-year highs. The post Nokia (NOK) Stock Soars 12% Following AI Network Launch and Cisco’s Strong Earnings appeared first on Blockonomi.

ADA millionaires now hold over 25 billion tokens for the first time ever, according to Santiment's latest findings.

• #Cardano

SoftBank's heavy reliance on illiquid AI investments could strain its financial stability, highlighting risks of concentrated capital strategies. The post SoftBank’s OpenAI-related debt in focus as strong quarter looms appeared first on Crypto Briefing.

Citigroup's strategy highlights growing institutional interest in crypto, signaling potential shifts in financial markets and investment approaches. The post Citigroup boosts Bitcoin exposure with $41.2M in Strategy shares appeared first on Crypto Briefing.

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IonQ stock fell 1% despite 755% revenue growth, new Colorado quantum lab, and SkyWater deal approval. Q1 earnings miss weighs on shares. Analysis inside. The post IonQ (IONQ) Stock Dips Despite 755% Revenue Surge and Major Expansion News appeared first on Blockonomi.

The Trump-Xi agreement highlights the strategic importance of international cooperation in maintaining global energy security and trade stability. The post Trump, Xi agree to keep Strait of Hormuz open amid US-Iran tensions appeared first on Crypto Briefing.

A single coordinated action has put $213 million of Gurhan Kiziloz’s USDT holdings beyond his reach. Tether Operations Ltd. has frozen the funds across 48 digital wallets tied to the iGaming founder, executing the freeze in support of Brazilian authorities pursuing an alleged gambling tax dispute and a parallel line of inquiry into initial coin [...] The post Gurhan Kiziloz Locked Out of $213M as Tether Freezes Funds in Alleged Gambling Tax & ICO Crackdown appeared first on Blockonomi.

SK Hynix (HXSCL) approaches $1 trillion valuation with 200%+ stock gains in 2025, driven by AI chip demand and record 72% operating margins. The post SK Hynix (HXSCL) Stock Approaches Trillion-Dollar Valuation Amid AI Boom appeared first on Blockonomi.

Iran's missile restoration heightens geopolitical tensions, potentially altering U.S. military strategies and impacting global oil security. The post Iran restores missile capabilities, raising US military escalation risks appeared first on Crypto Briefing.

AMD stock rallies 280% over 12 months to $445. Top analyst sets $625 target citing AI demand and record data center revenue. Institutional buying accelerates. The post Advanced Micro Devices (AMD) Stock Climbs 280% as Top Analyst Predicts $625 Target appeared first on Blockonomi.

Cisco (CSCO) stock surged 16% after beating Q3 earnings, securing $5.3B in AI orders, and issuing strong Q4 guidance above Wall Street forecasts. The post Cisco (CSCO) Stock Rockets 16% on Stellar Q3 Results and Upgraded AI Revenue Forecast appeared first on Blockonomi.

Brokerage and banking firm Charles Schwab officially began rolling out its crypto trading platform to retail clients in the US, joining the list of traditional financial institutions expanding their digital asset offering. Related Reading: Poland’s PiS Proposes Total Crypto Ban As Lawmakers Review Digital Asset Bills Schwab Launches Spot Trading For BTC, ETH On Tuesday, […]

DTCC's blockchain initiative could revolutionize global finance by enabling seamless, real-time collateral management across markets. The post DTCC builds blockchain-based collateral system with Chainlink integration appeared first on Crypto Briefing.

Cloudflare (NET) fell 3.3% after revealing plans to cut 1,100 jobs despite beating Q1 estimates with $639.8M revenue. Full analysis inside. The post Cloudflare (NET) Shares Dip 3% as Workforce Cuts Follow Record Q1 Results appeared first on Blockonomi.

Fake XRP giveaways, wallet-draining airdrops and AI deepfakes are surging as Ripple CTO Emeritus David Schwartz warns XRPL users about a new wave of crypto scams.

Intense legal dispute talks are actively underway between representatives for Gurhan Kiziloz and the Brazilian government following an unprecedented digital asset freeze. Tether, the issuer of the industry’s leading stablecoin, recently locked $213 million spread across 48 distinct USDT accounts linked to Kiziloz amid a highly complex and escalating retrospective tax conflict in Latin America. [...] The post Tether Hits Gurhan Kiziloz With $213 Million Freeze in Brazil Tax Dispute Over Alleged Gambling and Crypto Tokens Sale appeared first on Blockonomi.

Ethereum realized profits hit $74.58M as ETH trades near $2,267, with $2,270, $2,400 and $2,200 shaping the next move for market traders.

The gap between BNB and XRP is almost $2 billion now after the latter's latest rejection.

• #bitcoin

The Bank of England has softened key parts of its proposed stablecoin regime, allowing issuers greater flexibility in reserve management.

Alphabet (GOOGL) reached a record $402.01, gaining 152% in 12 months on AI strength. Analysts project $426 target with new Gemini products launching. The post Alphabet (GOOGL) Stock Reaches Record Peak — Can the Rally Continue? appeared first on Blockonomi.

The crypto market moved lower on Thursday as hotter-than-expected U.S. inflation data, heavy Bitcoin ETF outflows, and rising macroeconomic uncertainty pressured investor sentiment. The total crypto market capitalization dropped roughly 1.6% over the past 24 hours to around $2.58 trillion.…

Major U.S. banks and financial institutions have increasingly prepared for a future in which tokenized assets become part of mainstream finance, even as industry participants expect adoption to begin gradually before accelerating rapidly at a later stage. According to a…

Increased maritime risk in the Strait of Hormuz could disrupt regional trade and heighten geopolitical tensions, impacting global markets. The post Ship seized off UAE coast, heading toward Iran amid regional tensions appeared first on Crypto Briefing.

Alibaba (BABA) stock surged 8% after Q4 earnings, driven by 38% cloud growth, strong AI performance, and renewed U.S.-China trade optimism despite profit miss. The post Alibaba (BABA) Stock Surges 8% on Cloud Dominance and AI Revenue Expansion appeared first on Blockonomi.

The summit's outcomes could reshape global tech supply chains, impacting crypto mining costs, AI development, and cross-border digital regulations. The post Trump meets Xi in Beijing to discuss trade, Taiwan, and tech cooperation appeared first on Crypto Briefing.

The ongoing Israeli military actions in Lebanon suggest prolonged regional instability and decreased likelihood of a near-term resolution. The post Israel strikes Hezbollah in southern Lebanon amid ongoing conflict appeared first on Crypto Briefing.

The developer of the non-custodial wallet MetaMask, ConsenSys, has postponed its plans to go public in the US. According to CoinDesk, the listing will not occur before autumn. Initially, Joseph Lubin's company planned to file with the SEC by the end of February, engaging bankers from JPMorgan and Goldman Sachs for the process. The delay is attributed to unfavourable market conditions. In February, the crypto market declined due to macroeconomic uncertainty and outflows from bitcoin ETFs, as investors showed reduced interest in risky assets. ConsenSys is not the only company reconsidering its plans amid volatility: earlier, the trading platform Kraken and wallet manufacturer Ledger also announced a pause in their IPO preparations. Currently, the only major crypto company to go public this year remains BitGo. However, after a successful start, the service's shares fell 46.9% below the offering price. Source: Google Finance. In the first quarter, BitGo's revenue reached $3.8 billion, a 112.6% increase over the same period last year. The growth was driven by digital asset sales and stablecoin issuance services. The company also launched a derivatives trading service, with platform trading volumes reaching approximately $3 billion. Despite revenue growth, the firm's net loss increased to $60.7 million from $25.7 million a year earlier. BitGo attributed the losses to a paper revaluation of bitcoin holdings and employee compensation expenses post-IPO. Cryptocurrency Regulation ConsenSys' Director of Regulatory Affairs, Bill Hughes, urged the US Senate to expedite the passage of the CLARITY Act. He stated that the lack of clear rules forces American crypto businesses offshore. 🚨America Is Handing the Crypto Market to Foreign Competitors. The CLARITY Act Would Change That.🚨The United States is the largest cryptocurrency market on the planet. American users moved over $1 trillion in crypto transactions in the first seven months of 2025 alone. And yet…— Bill Hughes 🦊 (@BillHughesDC) May 8, 2026 Hughes warned that using foreign exchanges poses national security risks: regulators find it harder to combat money laundering and sanctions evasion. The CLARITY Act provides for federal registration of crypto exchanges and brokers. The document requires platforms to comply with AML rules and gives the Treasury tools to monitor transactions. According to Hughes, the law is necessary for major financial institutions. Banks and investment funds are ready to adopt blockchain but await a legal framework. This would help create high-tech jobs and maintain US leadership in the industry. US Senators Jack Reed and Tina Smith have prepared amendments to the CLARITY Act ahead of the final committee vote. News: Sens. Reed (D-R.I.) and Smith (D-Minn.) have filed an amendment ahead of Thursdays markup that will force senators to choose between crypto and the banksThe amendment would incorporate bank’s changes to stablecoin yield restrictions. Tough tough vote for bank-friendly Rs pic.twitter.com/ldxJRmfnQT— Brendan Pedersen (@BrendanPedersen) May 13, 2026 Over 100 comments have been submitted on the project, 40 of which were prepared by Senator Elizabeth Warren. She proposed, among other things, to prohibit the Federal Reserve from opening master accounts for crypto companies. Reed suggested banning the use of digital assets as legal tender, including for tax payments. The American Bankers Association has sent over 8,000 letters to senators. The organization's main complaint is the compromise on stablecoin yields: experts believe the new rules could harm the interests of the traditional financial sector. 🚨NEW: Since last Friday, @ABABankers members have sent more than 8,000 letters to Senate offices urging lawmakers to fix the stablecoin yield compromise, per a source familiar with the effort. It apparently does not include a separate phone call campaign.— Eleanor Terrett (@EleanorTerrett) May 12, 2026 The US Senate Banking Committee will review the updated document on May 14. Back in November 2025, Ripple's President Monica Long denied plans for the fintech company's initial public offering.

Quantitative trading giant Jane Street has dramatically scaled back its Bitcoin-related exposure in the first quarter of 2026, slashing its holdings in BlackRock’s IBIT ETF by approximately 71%.

• #bitcoin

Cardano trades near $0.265 as Ali sees a buy signal, whales hold 67.47% of ADA supply and bulls defend the key $0.25 support.

• #Cardano

[PRESS RELEASE – Gelephu, Bhutan, May 14th, 2026] BTSE Bhutan today announced that it has formally received an In-Principle Approval (IPA) from the Gelephu Financial Services Office (GFSO) in Gelephu Mindfulness City (GMC) to obtain a Financial Services License (FSL). Upon the successful fulfillment of final regulatory conditions, the anticipated Financial Services License will permit BTSE Bhutan to […]

Nvidia (NVDA) stock surged to new 52-week highs after BofA's $320 price target upgrade and CEO Huang's China trip ahead of Q1 earnings on May 20. The post Nvidia (NVDA) Stock Surges to Fresh 52-Week Peak as BofA Boosts Price Target to $320 appeared first on Blockonomi.

Micron (MU) stock erased nearly $100B in value before rebounding sharply. A director sold $1.57M in shares days before the volatile session. Full analysis. The post Micron (MU) Stock Rebounds From $700 Support as Insider Unloads $1.57M appeared first on Blockonomi.

Oil prices hold above $100 as Trump and Xi meet in Beijing. Iran conflict keeps Hormuz closed, cutting 6M barrels daily while IEA warns of undersupply. The post Crude Oil Markets Navigate Geopolitical Tensions as Trump and Xi Hold High-Stakes Talks appeared first on Blockonomi.

U.S. voters have placed everyday economic concerns far ahead of crypto regulation, even as lawmakers prepare for a Senate Banking Committee vote on the CLARITY Act this week. According to a survey released Wednesday by Politico and polling firm Public…

Chinese tech stocks rose after Trump met Xi in Beijing, with reports of approved Nvidia H200 chip sales to Alibaba, Tencent, and ByteDance. The post Trump-Xi Summit Sparks Rally in Chinese Tech Stocks Amid AI Chip Approval appeared first on Blockonomi.

A New York judge has ordered supplemental briefings because Aave did not adequately outline how compounding losses could occur if the restraining notice remains in place.

One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried.

The US's potential military expansion in Greenland could reshape geopolitical dynamics and influence global rare earth supply chains. The post US in talks to establish three military bases in Greenland, with rare earth minerals in the crosshairs appeared first on Crypto Briefing.

The summit's outcomes could reshape geopolitical alliances, impacting Taiwan's security, trade dynamics, and crypto market compliance in Asia. The post Trump meets Xi in Beijing as Taiwan language and trade terms hang in the balance appeared first on Crypto Briefing.

TSMC (TSM) stock rises as the chipmaker boosts its 2030 market outlook to $1.5T, driven by AI demand and aggressive global expansion plans. The post Taiwan Semiconductor (TSM) Stock Rallies on Massive $1.5T Chip Market Projection appeared first on Blockonomi.

Prediction market platform Myriad has adopted Chainlink infrastructure to automate and settle crypto prediction markets with near real-time payouts, starting with BTC, ETH, BNB, and SOL markets. According to Myriad, the integration brings Chainlink Data Streams and the Chainlink Runtime…

Upbit will delist NKN/BTC on June 15 and set a July 16 withdrawal deadline, while NKN trades near $0.0075 with a $6M market cap today.

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 […]

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Retail traders' aggressive call buying on Mag 10 stocks could amplify market volatility and signal heightened speculative behavior in tech sectors. The post Cboe reports retail traders aggressively buying calls on Mag 10 stocks amid AI rally appeared first on Crypto Briefing.

CFTC grants no-action relief on event contract reporting, easing swap data duties for DCMs, DCOs and participants amid growing legal fights.

Explore the top privacy coins of 2026: Monero, Zcash, and Dash. Learn how each works, their investment potential, and the regulatory challenges they face. The post Top Privacy Cryptocurrencies for 2026: Analyzing Monero, Zcash, and Dash appeared first on Blockonomi.

U.S. President Donald Trump’s reported plans for a large-scale pardon announcement have renewed attention on jailed cryptocurrency executives and software developers who have spent months seeking clemency from the White House. According to a Thursday report from The Wall Street…

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 […]

BitGo (BTGO) stock drops after Q1 earnings reveal doubled revenue of $3.8B offset by widening losses of $60.7M due to bitcoin markdowns and IPO expenses. The post BitGo (BTGO) Stock Drops Despite First Quarter Revenue Surge to $3.8B appeared first on Blockonomi.

Jane Street cut Bitcoin ETF holdings by over 70% in Q1 2026, adding $82M in Ethereum exposure while boosting Coinbase and Riot positions. Full breakdown here. The post Jane Street Pivots Away from Bitcoin ETFs, Pours $82M into Ethereum Holdings appeared first on Blockonomi.

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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.