Broadcom (AVGO) Stock Soars to All-Time High Before Q2 Earnings Release
Broadcom (AVGO) hit a record $481.57 before Q2 earnings. AI revenue doubled, Alphabet raised $80B for infrastructure, and analysts forecast 47% growth. The post Broadcom (AVGO) Stock Soars to All-Time High Before Q2 Earnings Release appeared first on Blockonomi.
Why GitLab (GTLB) Stock Tumbled Despite Strong Q1 Earnings Beat
GitLab (GTLB) stock dropped 5% despite beating Q1 earnings and raising guidance. Weak Q2 outlook and 14% workforce reduction weighed on investor sentiment. The post Why GitLab (GTLB) Stock Tumbled Despite Strong Q1 Earnings Beat appeared first on Blockonomi.
Zcash Foundation fixes Orchard bug with Zebra emergency upgrade
Zcash Foundation fixed a critical Orchard bug with Zebra 5.0.0 after an emergency soft fork, saying funds and privacy stayed secure on-chain
XRP Marks 14th Birthday While Ripple Expands DC Presence
XRP marked its 14th anniversary on Tuesday, June 2, with Ripple executives and long-time community figures reflecting on the asset’s origins just as the company announced a larger footprint in Washington, D.C. The timing places XRP’s history and Ripple’s policy ambitions side by side, at a moment when US digital asset regulation remains a central […]
Palo Alto Networks (PANW) Surpasses Q3 Expectations with 31% Revenue Surge
Palo Alto Networks (PANW) exceeded Q3 estimates with $0.85 EPS and $3B revenue, up 31% YoY. Analysts upgraded targets following strong performance. The post Palo Alto Networks (PANW) Surpasses Q3 Expectations with 31% Revenue Surge appeared first on Blockonomi.
George Santos under DOJ investigation over Kalshi trades tied to Trump speech
Federal investigators have opened a probe into former U.S. Representative George Santos after suspicious prediction market trades allegedly generated tens of thousands of dollars around President Donald Trump’s February State of the Union address. NPR reported that the Department of…
Okta (OKTA) Stock Soars 30% on Earnings — AI Identity Boom Fuels Rally
Okta (OKTA) stock surged 30% after beating Q1 estimates with $765M revenue. AI agent identity demand drives growth as UBS sets $130 price target. The post Okta (OKTA) Stock Soars 30% on Earnings — AI Identity Boom Fuels Rally appeared first on Blockonomi.
Ulta Beauty (ULTA) Stock Surges on Strong Q1 Earnings Beat and Raised Guidance
Ulta Beauty (ULTA) stock soared 7.5% after hours following a Q1 earnings beat with $7.74 EPS. The retailer raised full-year guidance on strong sales. The post Ulta Beauty (ULTA) Stock Surges on Strong Q1 Earnings Beat and Raised Guidance appeared first on Blockonomi.
Medtronic (MDT) Stock Surges on Q4 Beat Despite Tariff Headwinds and Weak FY27 Outlook
Medtronic (MDT) stock beats Q4 with $9.81B revenue. Cardiac Ablation jumps 78%, but FY27 guidance misses estimates amid rising tariff costs. The post Medtronic (MDT) Stock Surges on Q4 Beat Despite Tariff Headwinds and Weak FY27 Outlook appeared first on Blockonomi.
Can HYPE price break $100 after Grayscale’s Hyperliquid Staking ETF launch?
HYPE price has climbed to fresh record highs amid growing demand for Hyperliquid investment products and a high-profile short squeeze that forced a major bear to abandon a $110 million position. According to data from crypto.news, Hyperliquid (HYPE) price traded…
Crypto Platform 1win Welcomes Ilia Topuria as the 1win VIP Community Member
[PRESS RELEASE – Mexico City, Mexico, June 3rd, 2026] The international crypto entertainment platform 1win has announced the addition of Ilia Topuria to its VIP community. The signing of the contract with the fighter became publicly known on June 2, 2026. Topuria becomes a new member of the global 1win VIP Community, the brand’s exclusive […]
ETH Eyes $1,700 Low, But Analyst Says the Real Story Is Long-Term Bullish
Shrinking exchange balances could tighten available ETH supply, adding another layer to the longer-term bullish argument.
Binance Shuts Down Centralized NFT Platform Service by July 3
Binance discontinues its centralized NFT service on July 3, 2026. Users must withdraw assets to Binance Wallet or compatible wallets before access ends. The post Binance Shuts Down Centralized NFT Platform Service by July 3 appeared first on Blockonomi.
Bank of America Names Adam Dixon Global Head of Digital Asset Transformation
Bank of America has appointed Adam Dixon, a more than 20-year veteran of the firm, as its global head of digital asset transformation, tasking him with steering the second-largest American bank’s crypto and tokenization strategy. A New Crypto Command at a Wall Street Giant The appointment names Dixon global head of digital asset transformation, with […]
Binance to shutter NFT service and accelerate migration to decentralized wallet
Binance is transitioning its NFT service to Binance Wallet, allowing users to manage NFTs through a more integrated web3 environment. The post Binance to shutter NFT service and accelerate migration to decentralized wallet appeared first on Crypto Briefing.
Binance shuts down NFT marketplace amid prolonged market downturn
Binance has announced the closure of its NFT platform, ending support for a service that once operated during a period when annual NFT trading volumes exceeded $50 billion but now serves a market that generated about $5.5 billion in 2025.…
Forget $1.77 Billion Crypto Crash: SBI CEO Makes Known XRP and Ripple's Next Catalyst
Yoshitaka Kitao links the crypto drop to tech IPO liquidity drains, revealing why the US CLARITY Act vote is the ultimate catalyst for Ripple and XRP.
'$1.6 Billion in Longs': XRP Validator Reacts as Crypto Selloff Leaves Bulls Bleeding
$1.6 billion in longs crushed as crypto selloff deepens.
Mastercard Adds Ripple's RLUSD to Its Settlement Network
Ripple has launched on Mastercard’s global stablecoin settlement platform to allow users explore more options to settle card transactions.
Tokenized Equities Advance on BSC as Collateral and DeFi Gaps Persist
TLDR: Ondo Finance Global Markets surpassed $5B in cumulative DEX volume on BSC. Most tokenized equity products cover only 2–3 of the 5 required infrastructure layers. BUIDL, BENJI, and VBILL are the primary products building out the collateral layer in DeFi. Without a collateral layer, tokenized equities function as price trackers, not financial instruments. Tokenized [...] The post Tokenized Equities Advance on BSC as Collateral and DeFi Gaps Persist appeared first on Blockonomi.
160 Former Security Officials Rally Behind CLARITY Act in Letter to Senate
160 former security officials back the CLARITY Act in new push for crypto regulation. Blockchain Association leads Senate advocacy campaign for digital asset oversight. The post 160 Former Security Officials Rally Behind CLARITY Act in Letter to Senate appeared first on Blockonomi.
CME now trades crypto 24/7. Here’s why it matters
CME Group now trades crypto futures 24/7, ending the weekend closure and the famous CME gap. What changed, why institutions wanted it, and the catch.
Bitcoin has hit 'max fear' below $67K as analysis sees BTC price rebound
Bitcoin sparked two-month lows in the Crypto Fear & Greed Index while analysis predicted a "catch-up" with record highs in stocks.
Bitcoin's crash to $65K triggers $1.8B in crypto liquidations
Bitcoin's drop to $65,000 triggered over $1.8 billion in crypto liquidations as traders brace for a test of $60,000 as support.
How to convert XRP, BTC into $1200 daily passive income during a crypto market downturn
XRPPower unveils AI-driven digital asset platform focused on automation, transparency, and data traceability. In the recent volatile cryptocurrency market, more and more investors are realizing that relying solely on price increases to generate profits is becoming increasingly difficult. The market’s…
Astera Labs (ALAB) Stock Climbs Double Digits on Taiwan Lab Expansion for AI Systems
Astera Labs (ALAB) stock surged 11.14% following Taiwan lab expansion that enhances AI infrastructure validation and partnerships with AMD, NVIDIA, and ODMs. The post Astera Labs (ALAB) Stock Climbs Double Digits on Taiwan Lab Expansion for AI Systems appeared first on Blockonomi.
Binance discloses Alpaca stake as stock trading deal expands
Binance disclosed an Alpaca stake and fee-sharing terms as it expands U.S. stock and ETF trading for eligible global users.
Shiba Inu (SHIB) Breaks 30-Day Record With 669 Billion Injection of Capital
Shiba Inu is clearly struggling with the recovery, as investors push fresh funds to exchanges.
Broadcom (AVGO) Stock Soars to All-Time High Before Q2 Earnings Release
Broadcom (AVGO) hit a record $481.57 before Q2 earnings. AI revenue doubled, Alphabet raised $80B for infrastructure, and analysts forecast 47% growth. The post Broadcom (AVGO) Stock Soars to All-Time High Before Q2 Earnings Release appeared first on Blockonomi.
Trezor says Safe 7 funds are safe after Ledger finds chip flaw
Trezor says Safe 7 funds remain secure after Ledger Donjon found a TROPIC01 chip flaw during lab testing with physical access.
Has An Alt Season Begun? Here’s What The Altcoin Season Index Says
Recently, there have been rallies across some altcoins, with Ethereum seeing some recovery as well, pushing the idea of an alt season. With the likes of Hyperliquid pumping to new all-time highs, this has propelled some of the top 100 altcoins by market cap to surpass Bitcoin’s performance during this time. As more altcoins continue […]
Grayscale’s Hyperliquid Staking ETF Debuts With Lowest US Fee at 0.29%
Grayscale’s Hyperliquid Staking ETF (HYPG) began trading on June 3 with a 0.29% sponsor fee, the lowest among US-listed HYPE products, intensifying a price war among issuers chasing the fast-growing token. A Fee War Heats up Around HYPE Grayscale has launched its Hyperliquid Staking exchange-traded fund (ETF), with the product now trading live under the […]
Palantir (PLTR) Stock Tumbles as Directors Offload $45.3M Despite Stellar Earnings
Palantir (PLTR) stock fell 5.3% after a director sold shares. Insiders dumped $45.3M in three months despite Q1 revenue jumping 84.7% year-over-year. The post Palantir (PLTR) Stock Tumbles as Directors Offload $45.3M Despite Stellar Earnings appeared first on Blockonomi.
Bitget Unveils Stocks 2.0: 36 Tokenized Equities Now Available for Trading
Bitget unveils Stocks 2.0 with 36 tokenized equities including Apple, Tesla, NVIDIA. Features USDT trading, 1:1 mapping, and expanded ecosystem integration. The post Bitget Unveils Stocks 2.0: 36 Tokenized Equities Now Available for Trading appeared first on Blockonomi.
Hyperliquid Hits $4.5T in Perp Volume as Grayscale Launches HYPE Staking ETF
TLDR: Hyperliquid has reached $4.5T in cumulative perp volume with $10.1B in open interest. Grayscale launched the HYPG staking ETF at a 0.29% gross management fee for investors. HIP-3 makes perp market creation permissionless, with 187 active builder codes so far. Hyperliquid has returned $1.12B in revenue to holders across the protocol’s lifetime. Hyperliquid has [...] The post Hyperliquid Hits $4.5T in Perp Volume as Grayscale Launches HYPE Staking ETF appeared first on Blockonomi.
These Altcoins Defy Market Crash, Bitcoin (BTC) Bounces From 2-Month Low: Market Watch
Gold Dips Under $4,500 Amid Iran Conflict and Anticipation of U.S. Employment Report
Gold dropped 1% to $4,444 amid Iranian attacks on U.S. targets in Bahrain and Kuwait. Traders await Friday's payrolls report for interest rate signals. The post Gold Dips Under $4,500 Amid Iran Conflict and Anticipation of U.S. Employment Report appeared first on Blockonomi.
Zcash Network Experiences Block Processing Halt
The privacy-focused blockchain Zcash is experiencing a technical malfunction. The network has not produced blocks for over four hours.
Should You Buy Oracle (ORCL) Stock Ahead of Its June 10 Earnings Report?
Oracle (ORCL) reports Q4 earnings June 10. Analysts project $1.96 EPS and $19.1B revenue. Stock up 27% YTD. Is ORCL a buy now? Full analysis inside. The post Should You Buy Oracle (ORCL) Stock Ahead of Its June 10 Earnings Report? appeared first on Blockonomi.
Ripple CEO Celebrates 14-Year Milestone
Ripple CEO Brad Garlinghouse’s celebration of XRP’s 14th anniversary has reignited a technical debate within the cryptocurrency community regarding the digital asset's exact birthday.
Nebius (NBIS) Stock Soars to Record Peak as AI-Focused Hedge Fund Takes Major Position
Nebius (NBIS) shares surged 8.7% to record highs after Situational Awareness LP revealed a 5.6% stake. Q1 revenue climbed 684% YoY to $399 million. The post Nebius (NBIS) Stock Soars to Record Peak as AI-Focused Hedge Fund Takes Major Position appeared first on Blockonomi.
GameStop (GME) Stock Surges 9% Following Historic Quarterly Profit Report
GameStop (GME) stock surged 9% after posting record Q1 profit of $389.6M and launching a $2B buyback program. Revenue climbed 14% year-over-year. The post GameStop (GME) Stock Surges 9% Following Historic Quarterly Profit Report appeared first on Blockonomi.
Is the 2026 crypto bull market over?
Bitcoin fell below $70K, down 45% from its high, with extreme fear and record ETF outflows. Is the 2026 crypto bull market over?
Peter Schiff Warns Bitcoin Could Plunge Below $20K as Complacency Sets In
The economist also warned that Strategy's STRC's yield structure could enter a damaging downward spiral if confidence fades.
Cardano Platform TapTools to Shut Down Operations
The platform TapTools, which provides analytics and infrastructure solutions for the Cardano ecosystem, will cease operations within two weeks. The primary reasons cited are the departure of key employees and high operational costs. After four years of building for Cardano, today we have difficult news to share. pic.twitter.com/eBN9J9FErx— TapTools (@TapTools) June 2, 2026 Earlier this year, two co-founders, as well as the COO and CTO, left the project. The interim CTO appointed later also moved to another project. TapTools emphasized that technical support for a platform of this scale requires significant infrastructure and development costs, which the project cannot sustain under current conditions. Cardano founder Charles Hoskinson commented on the situation, noting that TapTools' exit reflects the overall pressure on projects within the network. TapTools https://t.co/Z2EjQXUBKQ— Charles Hoskinson (@IOHK_Charles) June 2, 2026 He warned of a potential "wave of failures" in the second half of the year, affecting DeFi protocols and other startups due to unfavorable market conditions. The TapTools team added that they remain open to acquisition offers or external funding, which could allow the service to continue operations. Launched in 2022, the project was considered one of the key tools for monitoring tokens and activity in the Cardano ecosystem. In May, the Cardano Foundation canceled the Cardano Summit 2026 in Singapore after a treasury funding proposal failed to gain the necessary support in an on-chain vote.
Microsoft (MSFT) Stock Dips 4% Despite Majorana 2 Quantum Chip Announcement
Microsoft (MSFT) stock dropped 4.17% after unveiling Majorana 2 quantum chip. Analysis of the investment opportunity amid quantum computing advancements. The post Microsoft (MSFT) Stock Dips 4% Despite Majorana 2 Quantum Chip Announcement appeared first on Blockonomi.
Goldman Sachs Maintains Bullish Stance on Nvidia (NVDA) Stock with $285 Target
Goldman Sachs keeps Buy rating on Nvidia (NVDA) stock with $285 target. RTX Spark platform and Vera Rubin production ramp drive bullish outlook. The post Goldman Sachs Maintains Bullish Stance on Nvidia (NVDA) Stock with $285 Target appeared first on Blockonomi.
Palantir (PLTR) Stock Under Scrutiny as UK Lawmakers Demand NHS Contract Exit
UK MPs demand exit from Palantir's (PLTR) £330M NHS contract, branding it a national security risk. Committee urges break clause activation by 2027. The post Palantir (PLTR) Stock Under Scrutiny as UK Lawmakers Demand NHS Contract Exit appeared first on Blockonomi.
Mastercard brings USDC, RLUSD, PYUSD to global settlement network
Mastercard has expanded its payment network to support stablecoin settlements across multiple blockchains and beyond traditional banking hours, adding support for six regulated dollar-backed tokens. According to a statement released by Mastercard on Wednesday, the company will enable card settlement…
Micron (MU) Stock: The Critical Cyclical Threat Investors Must Watch
Micron (MU) stock soared 966% on AI-driven HBM sales. Analysts forecast 67% more upside, but one cyclical risk threatens the rally. What investors need to know. The post Micron (MU) Stock: The Critical Cyclical Threat Investors Must Watch appeared first on Blockonomi.
Coinbase CEO Brian Armstrong’s Newlimit Raises $435 Million, Tripling Valuation to $3.1 Billion
Newlimit, the longevity biotech co-founded by Coinbase CEO Brian Armstrong, has raised $435 million in a Series C round led by Founders Fund, roughly tripling the company’s valuation to about $3.1 billion. Crypto Wealth Flows Into Longevity Science Newlimit, the anti-aging biotech co-founded by Coinbase Global Inc. (Nasdaq: COIN) Chief Executive Brian Armstrong, has closed […]
Iranian drones strike Kuwait airport as US-Iran clashes escalate in Persian Gulf
Iranian drones hit Kuwait airport as US-Iran clashes escalate. Crude oil all-time high by December at 28% YES, September at 23.5% YES. The post Iranian drones strike Kuwait airport as US-Iran clashes escalate in Persian Gulf appeared first on Crypto Briefing.
Microsoft Unveils Majorana 2 Quantum Chip
Microsoft announced the topological quantum chip Majorana 2. The new processor features a lead-based material stack, enhancing qubit stability more than 1000 times compared to the previous generation. According to the company, the qubit lifetime in Majorana 2 exceeds 20 seconds, reaching up to a minute in some cases. In comparison, Majorana 1 had a range of 1 ms to 12 ms. Microsoft also achieved operation durations of about 1 μs and a qubit size of approximately 0.01 mm. The key change in the new chip is related to materials. Many competitors, including Google and IBM, use aluminum conductors, whereas Microsoft switched to lead. According to the tech giant's Vice President Jason Zander, this change enabled the 1000-fold improvement in performance. The corporation aims to create a scalable quantum computer by 2029, having roughly halved previous timelines. AI Assistance Microsoft also stated that artificial intelligence accelerated material discovery and helped refine production. AI tools analyzed scientific research, searched for suitable compounds, automated measurements, optimized manufacturing processes, and identified defects affecting qubit reliability. Simultaneously, the firm opened access to the Microsoft Discovery platform for research and development. It allows companies to create teams of AI agents, connect them to internal data and external scientific sources, build hypotheses, plan experiments, analyze results, and repeat the cycle. The quantum team used Discovery to manage workflows. Microsoft's Corporate Vice President for Quantum Technologies Zulfi Alam called the automation of measurements with agentic AI a "turning point." In June, D-Wave Quantum revealed a roadmap for the phased development of quantum systems. By 2032, they plan to create a fault-tolerant quantum computer with 100 logical qubits.
Blockchain Analysis Helps Singapore Police Force Stop $4.2M in Crypto Scam Funds
TLDR: Singapore Police Force blockchain analysis helped block over $4.2M in potential crypto scam losses in six weeks. Seven crypto exchanges including Coinbase, OKX, and Gemini supported the SPF’s second joint anti-scam operation. Officers conducted 145+ targeted interventions using Chainalysis and TRM Labs blockchain analytical tools. The operation covered government impersonation, investment, job, and love [...] The post Blockchain Analysis Helps Singapore Police Force Stop $4.2M in Crypto Scam Funds appeared first on Blockonomi.
Nvidia (NVDA) Stock: Analyzing the New Microsoft Build AI Partnership Impact
Nvidia (NVDA) partners with Microsoft on unified AI stack. New RTX Spark PCs, GB300 systems, Azure integration, and Vera Rubin platform drive 39% upside potential. The post Nvidia (NVDA) Stock: Analyzing the New Microsoft Build AI Partnership Impact appeared first on Blockonomi.
Ethereum tests $1,800 support as ETF outflows mount, can bulls defend it?
Ethereum has slipped to a key support zone near $1,800 as persistent ETF outflows, geopolitical uncertainty, and a bearish technical breakdown keep traders on the defensive. According to data from crypto.news, Ethereum (ETH) price was trading around $1,875 at press…
European Markets Decline as Middle East Tensions Drive Oil Rally
European markets dipped as Iranian strikes drove oil up 2%, hitting airlines. ECB rate hike expectations rose while Inditex surged 5% on strong trading. The post European Markets Decline as Middle East Tensions Drive Oil Rally appeared first on Blockonomi.
UK FCA warns Premier League clubs over crypto sponsorship risks
The UK Financial Conduct Authority has warned football clubs that sponsorship deals with unauthorised crypto firms could expose fans to financial harm while creating legal, money laundering and reputational risks for clubs. According to the FCA, it has written to…
SpaceX Eyes Historic $1.75 Trillion Valuation in Upcoming IPO
SpaceX targets $1.75T valuation with $75B IPO at $135/share. Roadshow begins Thursday. Musk allocates 30% to retail investors. Full analysis inside. The post SpaceX Eyes Historic $1.75 Trillion Valuation in Upcoming IPO appeared first on Blockonomi.
Crude Oil Surges Toward $97 Amid Escalating US-Iran Conflict and Supply Concerns
Oil prices surge toward $97 as US-Iran tensions escalate near Strait of Hormuz, nuclear talks collapse, and US crude inventories drop 6.8 million barrels. The post Crude Oil Surges Toward $97 Amid Escalating US-Iran Conflict and Supply Concerns appeared first on Blockonomi.
'Happy Birthday, XRP': Ripple CTO Emeritus Schwartz Reminds What Core Idea Was Amid Washington Expansion
Ripple's legend turns back the clock to XRP's 2012 roots just as the company deploys a massive D.C. lobbying push for the Senate's CLARITY vote.
Ethereum Poised to Outperform Bitcoin as Strategy Sells BTC, Standard Chartered Says
TLDR: Standard Chartered projects Ethereum will climb 41% to $2,700 by year-end as ETH/BTC ratio hits 0.04. Strategy’s $2.5M Bitcoin sale triggered one of Ethereum’s largest daily outperformance spikes since 2024. Ethereum-holding firms can stake assets for yield, reducing sell pressure unlike Bitcoin-holding firms. Standard Chartered sets a $4,000 year-end target and a $40,000 Ethereum [...] The post Ethereum Poised to Outperform Bitcoin as Strategy Sells BTC, Standard Chartered Says appeared first on Blockonomi.
AI stocks are draining crypto’s momentum, Bitwise warns
Bitwise says crypto has become a contrarian bet as AI stocks pull investor attention and traders focus more on fundamentals.
Bitcoin Whales Most Active In Six Weeks As BTC Drops Under $67,000
On-chain data shows the latest crash in the Bitcoin price has come alongside a spike in transaction activity from the whale-sized addresses. Bitcoin Whale Transaction Count Has Just Witnessed A Spike According to data from on-chain analytics firm Santiment, the Bitcoin Whale Transaction Count has observed a surge recently. The “Whale Transaction Count” here refers […]
Alphabet (GOOGL) Stock Drops 3.86% After UK Mandates AI Search Publisher Controls
Alphabet (GOOGL) stock dropped 3.86% after UK regulators imposed rules requiring Google to allow publishers to opt out of AI search features. The post Alphabet (GOOGL) Stock Drops 3.86% After UK Mandates AI Search Publisher Controls appeared first on Blockonomi.
DeepSeek Pursues $7.4 Billion in Debut Funding Round Led by Tencent and CATL
DeepSeek pursues $7.4B in its inaugural funding round, potentially reaching a $59B valuation with backing from Tencent, CATL, and founder's $3B contribution. The post DeepSeek Pursues $7.4 Billion in Debut Funding Round Led by Tencent and CATL appeared first on Blockonomi.
Meta (META) Stock Falls After EU Court Confirms Messenger Must Comply with Gatekeeper Rules
Meta (META) stock falls 0.47% after EU's General Court upholds gatekeeper label for Messenger under DMA while annulling Marketplace designation. The post Meta (META) Stock Falls After EU Court Confirms Messenger Must Comply with Gatekeeper Rules appeared first on Blockonomi.
Johnson & Johnson (JNJ) Stock Rises on Positive Nipocalimab Lupus Trial Data
Johnson & Johnson (JNJ) stock gains as nipocalimab demonstrates sustained lupus control in Phase 2 JASMINE trial, with strong autoantibody-positive results. The post Johnson & Johnson (JNJ) Stock Rises on Positive Nipocalimab Lupus Trial Data appeared first on Blockonomi.
Hyperliquid HIP-4 Breaks $92 Million Threshold in First Month of Trading
Hyperliquid is taking over the cryptocurrency market despite the bearish state of the industry.
El Salvador Buys the Dip as Bitcoin Slides Under $66,000, Reserve Nears 7,600 BTC
El Salvador is buying the dip again as bitcoin slides as low as $65,700, with the Central American nation’s strategic reserve now holding roughly 7,600 BTC worth more than $510 million. A Familiar Playbook on a Red Day As bitcoin dropped under $66,000 this week, El Salvador leaned into the slide rather than away from […]
Cuba’s Postbank Economy
Cuba doesn’t see large volumes of bitcoin transactions, yet the country has become one of the clearest examples of cryptocurrency use under sanctions and limited access to international payment systems. Against this backdrop, part of the flow is shifting to P2P networks and messengers, forming elements of a postbank economy. ForkLog examined how an island of more than 10 million people lives under financial isolation and why authorities began legalizing crypto for foreign trade. Island in the Dark On the evening of March 4, much of western Cuba lost power. First, one of the country’s key thermal power plants, Antonio Guiteras, about 100 km from Havana, shut down in an emergency. Minutes later the outages cascaded across the grid. Restoration took 16 hours. Representatives of the Ministry of Energy linked the shutdown to the U.S. oil blockade of Cuba. Soon after the arrest of Venezuela’s president, Nicolás Maduro, on January 3 during a military operation, Donald Trump’s administration declared Cuba an “extraordinary and unusual threat” to U.S. national security. Washington tightened sanctions on Venezuela’s oil industry and threatened tariffs on countries supplying fuel to Cuba. That reduced regional shipments, including exports from Mexico. Cuba needs about 110,000 barrels of fuel a day, but domestic production doesn’t exceed 40,000 barrels. The country has also completely run out of diesel and fuel oil. Add to this the physical wear of generation assets with no access to spare parts to keep them running. In the following weeks the grid collapsed again, leading to a full shutdown of the national power system. By May, outages had become routine, reaching 18–24 hours a day in some regions. By late May, available capacity stood at 1,175 MW against demand of 2,713 MW. Beyond social fallout like water supply disruptions and broken cold chains, the blackouts also hit financial infrastructure. Banking depends critically on stable power and connectivity: ATMs, payment terminals and parts of digital services fail. This stop-start mode further shifted attention to informal channels and cryptocurrencies. Digital assets had entered Cuban daily life long before the grid’s collapse, primarily due to chronic economic constraints and the gradual breakdown of traditional payment rails. Financial Architecture The Military Conglomerate A key pillar of Cuba’s economy is the conglomerate GAESA, created in 1995 by Raúl Castro and run by the country’s armed forces. Initially meant to bolster defense finances, it later became a commercial empire. Experts estimate GAESA controls 40% to 70% of the economy and 95% of the financial system, including Banco Financiero Internacional, one of the largest banks. Its operations span hotels, retail, port infrastructure, currency exchange and a large share of import channels. Some estimates attribute about 34% of Cuba’s total goods and services exports to the conglomerate. An investigation by the NY Times emphasizes that GAESA functions as a closed corporate structure with limited public reporting and minimal external transparency, while its activities are effectively state-controlled. The U.S. government contends the network’s revenues exceed the state budget more than threefold and that it may control up to $20 billion in illicit assets. Cuba’s embassy in the United Kingdom disputed the figures, saying reporters mixed up currencies and overstated the amount by 24 times. According to the embassy, under basic local accounting rules the figures in the document required conversion into pesos at the official rate (1:24), which the authors failed to apply. The @MiamiHerald & @ngameztorres claim Cuba’s GAESA hoards $18B USD, pushing a sensationalist narrative to justify brutal US sanctions. Basic accounting dismantles this "bombshell." Let's look at their own leaked document. This is a masterclass in journalistic malpractice. 🧵 https://t.co/UIhXozD4Iw pic.twitter.com/NInRidHEFA— Cuba in the UK (@EmbaCuba_UK) May 16, 2026 “Basic accounting dispels this ‘sensation.’ Inventing a secret $18 billion hoard provides a convenient political pretext for tightening the very illegal sanctions that are strangling the Cuban population,” embassy representatives wrote. Banking Woes After the 2021 currency reform, the government further centralized access to dollar liquidity. Authorities scrapped the system of two currencies and simultaneously expanded the use of MLC — a special “freely convertible” accounting unit pegged to the dollar. State stores selling scarce goods switched to MLC cards, and access to imports increasingly depended on foreign currency or transfers from abroad. The result was a parallel dollar system inside the country. The crisis accelerated in spring 2025 when Cuba effectively began operating under an informal banking moratorium: authorities restricted the ability of foreign companies to withdraw dollar deposits from state banks. At the same time, the peso’s unofficial rate collapsed to about 510 CUP per dollar, while GDP fell roughly 11% over five years. Amid this concentration of financial control, any external constraints — including U.S. sanctions on entities linked to GAESA — further squeeze international banking channels and limit options for traditional cross-border payments. As of November 2025, 93% of remittances in Cuba moved through informal networks. Cryptocurrencies plugged into this system. Cuban entrepreneurs use them to pay foreign suppliers, settle imports and access dollar liquidity outside the traditional system. For many households, crypto became an alternative tool: it’s used to receive transfers from relatives, store savings and bypass banking limits. It’s nearly impossible to verify whether political elites use cryptocurrencies. Cuba lacks robust public asset disclosures for officials, and much of the state’s and military-linked entities’ financial flows remain opaque. Regulation and the Real Market Formally, crypto isn’t banned in Cuba. In 2021 the central bank acknowledged the potential use of virtual assets for socioeconomic purposes. The regulator’s resolution defined them as a digital representation of value that can be sold or transferred digitally and used for payments or investments. By 2022, the government began issuing crypto service providers licenses valid for one year with renewal options. A distinctive feature is a mandatory assessment of a business’s economic and social relevance to the state. Exchange, transfer and custody services are allowed only with central bank–approved assets under the specific authorization. Violations carry fines of up to 50,000 CUP for individuals and up to 5 million CUP for legal entities. The only publicly known license holder is Lithuania-registered EBIORO UAB, founded in 2019 by Cuban émigré Yulexi Matienzo Carcases. Despite early steps on regulation, the market continued to develop largely in the gray zone. Its hubs are Telegram channels, WhatsApp groups and local P2P platforms such as QvaPay and Heavenex. Crypto pricing in Cuba reflects real user-to-user deals and depends on global trends and local factors — currency shortages, sanctions and high demand for dollar liquidity. Participants watch current buy-sell posts and the cost of cash dollars and MLC. Rates on local P2P platforms are usually more balanced thanks to the Cuban diaspora and inbound remittances. In Telegram and WhatsApp communities, prices are often less favorable for buyers as private brokers add a premium for speed, convenience and access to liquidity. Prices can also vary significantly by deal size, payment method and counterparty reputation. The largest Cuban crypto communities on Telegram range from a few hundred to nearly nine thousand members. P2P platforms partially reduce risk via escrow, while private channels and informal groups see more fraud due to a lack of guarantees. Cuban authorities have repeatedly warned about the risks of unregulated crypto use and pointed to its vulnerability to illegal schemes. The best-known case was the Trust Investing pyramid, which spread via Telegram and social media in 2020–2021. According to available estimates, up to 300,000 people were involved. Most users lost access to funds; total losses remain unknown. Life Outside the Stats Unofficial data suggest that in 2022 between 100,000 and 200,000 Cubans used crypto. More recent counts point to a decline in active market participants to about 10,000. In 2023, Cuba ranked 136th out of 155 in Chainalysis’s Global Crypto Adoption Index. It didn’t appear in subsequent editions. Measuring the true size of the crypto economy is difficult because most activity occurs off centralized exchanges and barely shows up in public statistics. Chainalysis notes that in countries with currency controls, unstable banking and high demand for dollar liquidity, digital assets are most compelling as infrastructure for cross-border transfers rather than as an investment vehicle. USDT is the dominant asset in Cuba’s crypto economy. The tilt toward stablecoins stems from high inflation — the official annual rate was 14.73% in April, though the real figure may be much higher. Source: National Office of Statistics and Information of the Republic of Cuba. According to Chainalysis and Artemis, small “stablecoin” transfers are the main driver of crypto use in countries with weak financial infrastructure. A similar pattern is seen in Iran, Venezuela, Lebanon and African countries. In 2025, global USDT payments under $1,000 reached $156 billion — mainly remittances, P2P and day-to-day transactions. $156B of USDT payment transfers under $1,000 in 2025 🤯 pic.twitter.com/tVBleoKwd1— Paolo Ardoino 🤖 (@paoloardoino) December 12, 2025 Business Shift In March 2026, Cuba’s central bank issued the first licenses for companies to use crypto in international settlements. Nine small and medium-sized firms and one joint venture operating in technology, transport and gastronomy received approvals. Licenses are valid for a year with renewal options. All transactions must go through official virtual asset providers. Domestic operations and speculative trading are strictly prohibited under this initiative. Each company must disclose transaction volumes, the digital assets used and the chain of intermediaries. The regulator reserves the right to revoke licenses for violations. As for domestic payments, most remain in a gray zone. In theory, businesses must obtain a central bank license to conduct commercial crypto transactions, but in practice many merchants operate without one. The state largely looks the other way, especially at small volumes. According to BTC Map, 54 locations in the country are marked as accepting crypto at the time of writing, many clustered in Havana and focused on tourism. The listed payment options reflect a stated possibility and don’t guarantee an actual method of settlement. Better Sun Than ASICs There’s effectively no large-scale mining infrastructure on the island: unstable power, voltage spikes and patchy internet make operating ASIC farms highly risky and uneconomic. After the March blackouts, crypto circles debated whether bitcoin mining could, in theory, help balance local grids built on renewables. Forbes highlighted models where miners absorb excess solar generation during low demand and shut down during grid stress. At the same time, Cuba is expanding solar power, in large part with Chinese support, to cut reliance on imported fuel and aging centralized networks. For now, though, the focus is on stabilizing basic electricity supply rather than building a full-fledged crypto mining industry. Crypto Inside the Crisis What’s emerging in Cuba isn’t a full-fledged crypto economy. It’s more a postbank economy, where messengers partially take over financial functions and blackouts act as a systemic cap on transactional activity. In these conditions, cryptocurrencies don’t transform the country’s economic model so much as slot into existing constraints, offsetting the lack of access to international financial infrastructure. Limited state initiatives and structural problems prevent a shift to a sustainable alternative.
Blockchain Association Urges US Senate to Approve CLARITY Act
The Blockchain Association sent an open letter to US Senate leaders John Thune and Chuck Schumer, urging the swift passage of the CLARITY Act. Among the 160 signatories are former law enforcement officials, as well as national security and intelligence personnel. The authors emphasized that the lack of clear federal regulations is pushing the crypto industry to offshore jurisdictions. This removes transactions from the oversight of US regulators and complicates the work of investigators. The CLARITY Act includes: extending the requirements of the Bank Secrecy Act and sanctions compliance to brokers, dealers, and digital asset exchanges; launching a Treasury pilot program for data sharing between the Department of Justice, FBI, DEA, and the private sector; establishing a permanent interagency group to combat virtual asset crimes; setting strict standards for crypto ATMs, including reporting, transaction limits, and monitoring. Some provisions will also affect not fully decentralized trading protocols: they will be subject to AML obligations, suspicious activity reports, and comprehensive independent audits. Sanctions requirements for DLT messaging systems are also specified. Blockchain Association head Summer Mersinger stressed that the initiative is not a deregulation measure. On the contrary, it expands tools to combat money laundering and terrorism financing. As part of the campaign to promote the CLARITY Act, association representatives will hold a series of meetings in 18 senators' offices. A public discussion is scheduled for June 4, featuring Senator Cynthia Lummis, Congressman Tom Emmer, and White House representative Patrick Witt. On May 14, the US Senate Banking Committee approved a cryptocurrency bill by a vote of 15 to 9.
SEALSQ Corp (LAES) Stock Climbs on €130M Quobly Quantum Investment
SEALSQ Corp (LAES) stock rises after leading Quobly's €130M Series A funding, expanding its quantum computing and post-quantum security strategy. The post SEALSQ Corp (LAES) Stock Climbs on €130M Quobly Quantum Investment appeared first on Blockonomi.
Brian Armstrong’s NewLimit Raises $435M for Human Trials
NewLimit raised $435M in Series C funding led by Founders Fund to advance its first age-reprogramming drug into human trials.
HIVE Miner Reduces Bitcoin Reserves to 150 BTC
Canadian mining company HIVE Digital Technologies reported its financial results for the 2026 fiscal year, which ended on March 31. Annual revenue surged by 158%, reaching $297.8 million. According to the report, revenues from digital asset mining increased by 164% to $278.3 million. This was driven by a fourfold increase in operational hashrate and a high average Bitcoin price ($98,040 compared to $75,881 the previous year). During the reporting period, the company mined 2885 BTC, marking a 104% increase from the previous year's figure of 1414 BTC. Meanwhile, the average network difficulty rose by 42% from 95.7 T to 135.8 T. Revenue from the high-performance computing (HPC) division reached a record $19.5 million, up 94%. The growth was driven by the launch of a cluster based on NVIDIA H200 chips. Despite the growth in operational metrics, HIVE's net loss under GAAP amounted to $148.4 million. The company explained that this figure was due to non-cash items: equipment depreciation of $170.4 million and investment valuation adjustments. Notably, in the fourth quarter of the fiscal year, the miner significantly reduced its Bitcoin reserves. As of March 31, 2026, HIVE held 150 BTC valued at approximately $10.8 million. For comparison, as of December 31, 2025, the company held 481 BTC. Quarterly mining revenue fell to $67.2 million (down 23.9% from the previous quarter) amid a Bitcoin price correction and increased network difficulty. By the end of 2028, HIVE aims to increase annual revenue in the HPC segment to $660 million. A key project in this direction will be the construction of a 320 MW AI data center in Toronto. In March 2026, HIVE launched its first GPU cluster for artificial intelligence in Paraguay.
Standard Chartered Analyst Forecasts Ethereum (ETH) Surge Following Strategy’s Bitcoin (BTC) Sell-Off
Standard Chartered predicts Ethereum will outperform Bitcoin after Strategy's BTC sale, setting a $4,000 ETH target with potential 41% gains ahead. The post Standard Chartered Analyst Forecasts Ethereum (ETH) Surge Following Strategy’s Bitcoin (BTC) Sell-Off appeared first on Blockonomi.
Bitcoin price risks slide to $60K as Iran retaliates against U.S. strikes
Bitcoin price is testing the key $65,000 support zone after Iran’s retaliatory strikes against the U.S. spooked investors, with charts suggesting a deeper slide toward $60,000 if bears remain in control. According to data from crypto.news, Bitcoin (BTC) fell 4.5%…
Bitcoin (BTC) Plunges Under $66K as Global Equities Surge to New Peaks
Bitcoin dropped 6.4% to $65,708 while global stocks reached records. ETF outflows surpassed $3.2B as Strategy sold BTC for the first time. The post Bitcoin (BTC) Plunges Under $66K as Global Equities Surge to New Peaks appeared first on Blockonomi.
Bitcoin (BTC) Tumbles to $67K as Artificial Intelligence Stocks Lure Investors Away
Bitcoin drops to $67K as AI stocks attract investor capital. Analysts warn of continued volatility with record ETF outflows and weakening institutional interest. The post Bitcoin (BTC) Tumbles to $67K as Artificial Intelligence Stocks Lure Investors Away appeared first on Blockonomi.
Pi Network’s PI Token Plunges Toward ATL Levels Despite Gaming Progress
PI is now inches away from marking a new all-time low.
Ethena (ENA) Surges 20% Following Coinbase Ventures’ Inaugural Token Purchase
Ethena (ENA) price surged 20% after Coinbase Ventures' first investment. New savings products launching next week for 100M+ Coinbase users. The post Ethena (ENA) Surges 20% Following Coinbase Ventures’ Inaugural Token Purchase appeared first on Blockonomi.
$52M Ethereum Bet Comes As Tom Lee Says ETH Isn’t Reflecting Its Potential
Bitmine is now holding more than 5.4 million Ether tokens, a stockpile worth over $10.5 billion, and that puts the company about 90% of the way toward its goal of controlling 5% of Ethereum’s circulating supply. The latest purchase landed at a time when ETH has been stuck near $2,000 and has failed to match […]
NEAR Protocol (NEAR) Surges 20% Against Market Downturn — Can It Reach $3.77?
NEAR Protocol (NEAR) surges 20% to $2.75 while crypto falls. Targets $3.40–$3.77 with $19.69B in Intents volume ahead of June upgrade. The post NEAR Protocol (NEAR) Surges 20% Against Market Downturn — Can It Reach $3.77? appeared first on Blockonomi.
Bitcoin.com Checkout Launches With Zero Merchant Fees and Auto-Settlement to Stablecoins
Bitcoin.com today announced the launch of Bitcoin.com Checkout, a new self-custodial payments app that solves one of the biggest problems holding back crypto merchant adoption: volatility. Merchants can now accept Bitcoin and crypto and auto-settle to stablecoins, so they take payment without price risk, without giving up custody, and without anyone’s permission. It’s the first […]
Best Cross-Chain Bridges to Watch in 2026
It’s no longer a luxury to have interoperability among blockchains. The capacity to transfer assets between dozens of ecosystems (including Ethereum, Solana, BNB Chain, Arbitrum, Tron, and more) cleanly and affordably is essential for any serious DeFi user. This is made possible by bridges, but most individuals don’t know what they are until they have [...] The post Best Cross-Chain Bridges to Watch in 2026 appeared first on Blockonomi.
Galaxy Digital Debuts Institutional OTC Desk for Prediction Market Trading
Galaxy Digital debuts an institutional OTC prediction markets desk, completing a $10M trade with Arca on the CLARITY Act as its first transaction. The post Galaxy Digital Debuts Institutional OTC Desk for Prediction Market Trading appeared first on Blockonomi.
Brian Armstrong’s Anti-Aging Venture NewLimit Secures $435M in Massive Funding Round
NewLimit, Brian Armstrong's longevity startup, raises $435M at $3.1B valuation. Human trials for epigenetic reprogramming tech planned for 2027. The post Brian Armstrong’s Anti-Aging Venture NewLimit Secures $435M in Massive Funding Round appeared first on Blockonomi.
What does the SEC’s new 2030 strategy mean for crypto regulation?
The U.S. Securities and Exchange Commission has unveiled a 2026–2030 strategic plan that places digital assets, blockchain technology, and tokenized financial infrastructure among its key regulatory priorities. According to the SEC’s draft Strategic Plan for fiscal years 2026–2030, released Tuesday,…
Ethereum (ETH) Could Hit $250,000 Says Fundstrat’s Tom Lee Amid Corporate Validator Surge
Tom Lee predicts Ethereum (ETH) could reach $250,000, driven by AI adoption and corporate validators now controlling 7% of supply. ETH trades at $1,906. The post Ethereum (ETH) Could Hit $250,000 Says Fundstrat’s Tom Lee Amid Corporate Validator Surge appeared first on Blockonomi.
Solana (SOL) Marks Historic Eighth Straight Monthly Decline as Price Tumbles Under $80
Solana (SOL) has fallen below $80 support after eight consecutive monthly losses. DEX volume collapsed 82% as Bitcoin ETF outflows hit $1.42 billion. The post Solana (SOL) Marks Historic Eighth Straight Monthly Decline as Price Tumbles Under $80 appeared first on Blockonomi.
Mastercard Embraces Stablecoins: Major Payment Network Now Supports Crypto Settlement
Mastercard integrates stablecoin settlement with USDC, RLUSD, and PYUSD across eight blockchains, transforming cross-border payments starting in the US. The post Mastercard Embraces Stablecoins: Major Payment Network Now Supports Crypto Settlement appeared first on Blockonomi.
Microsoft Warns Crypto Wallets Face New npm Trojan Risk
Microsoft warns two npm packages deploy a RAT that steals crypto wallet credentials, screenshots and keystrokes via Hugging Face.
TON Rebrands Native Token As Gram, Reviving Original White Paper Name
Toncoin’s native token has rebranded to ‘Gram’ as part of the latest step in Pavel Durov’s “Make TON Great Again” roadmap. Toncoin’s Native Token Is Now Called Gram In a new post on Telegram, Pavel Durov has shared details related to a rebranding of the native token of the Toncoin network. The asset is set […]
Peter Schiff: Bitcoin Will Crash Below $20,000
Economist and longtime gold advocate Peter Schiff says bitcoin is heading below $20,000, renewing his bearish call as the cryptocurrency slips under $66,000. A Familiar Bear Returns to the Spotlight Peter Schiff, the economist and gold proponent who has spent more than a decade warning against bitcoin, said that the cryptocurrency will crash below $20,000. […]
Are Huge Tech IPOs Sucking Cash From Crypto?
SBI Holdings CEO Yoshitaka Kitao has attributed the cryptocurrency market's current sluggish performance to a massive capital rotation, suggesting that institutional investors are liquidating digital assets to raise cash for a historic wave of upcoming U.
Blockchain Association cites 160 former officials in push for CLARITY Act
Blockchain Association has rallied support from 160 former national security and law enforcement officials for the CLARITY Act as the crypto market structure bill awaits consideration by the full U.S. Senate. According to a letter sent Tuesday by the Blockchain…
Crypto Markets Collapse: $1.84 Billion Liquidation Event Rocks Digital Assets
$1.84B in crypto liquidations occurred in 24 hours—the worst since February. Bitcoin dropped below $66K as geopolitical tensions escalated. The post Crypto Markets Collapse: $1.84 Billion Liquidation Event Rocks Digital Assets appeared first on Blockonomi.
US Treasury issues sanctions on Iran, targets 4 crypto exchanges
The sanctions come four days after Treasury Secretary Scott Bessent said the US had seized nearly $1 billion in crypto from Iranian crypto exchanges and wallets since late February.
Bitcoin falls below $66K as US and Iran launch new strikes
Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day.
New York and Europe’s finance watchdogs team up to police stablecoins
Some of the information that New York and the European Union’s watchdogs will share includes the issued stablecoin, total volume in circulation and the number of holders.
Mastercard Goes 24/7 With USDC, RLUSD, and PYUSD Settlement Move
TLDR: Mastercard now supports stablecoin settlement using USDC, PYUSD, RLUSD, and four other regulated assets. Settlement runs 24/7, covering intraday windows, weekends, and public holidays across Mastercard’s network. Eight blockchain networks are supported, including Ethereum, Solana, Base, Polygon, and XRPL. Cross River, Lead Bank, ARQ, CBW Bank, and Nuvei are among the first partners going [...] The post Mastercard Goes 24/7 With USDC, RLUSD, and PYUSD Settlement Move appeared first on Blockonomi.