The escalation in violence undermines diplomatic efforts, potentially leading to prolonged regional instability and increased military actions.

The post Israeli strikes in Lebanon kill 3,089, complicating diplomatic efforts appeared first on Crypto Briefing.

Japan's renewed oil imports highlight shifting global energy dynamics, while Iran's crypto tolls could reshape sanctions and crypto regulations.

The post Japan set to receive first Persian Gulf oil shipment since Iran war began appeared first on Crypto Briefing.

The outage highlights the vulnerability of DeFi systems to validator failures, potentially impacting market stability and user trust.

The post Pyth Network price feeds go dark after Pythnet validators stop producing blocks appeared first on Crypto Briefing.

The petition's success highlights growing political pressure and potential shifts in South Korea's crypto policy, impacting global markets.

The post South Korea reviews crypto tax plan after petition hits 50,000 signatures appeared first on Crypto Briefing.

China's humanoid robot deployment could revolutionize domestic care, addressing labor shortages and aging populations, while reshaping global markets.

The post China rolls out 100 humanoid robots into employee homes this month appeared first on Crypto Briefing.

Bitcoin Magazine

Mark Cuban Sells Most of His Bitcoin, Calls It a Failed Hedge

Billionaire investor Mark Cuban has parted with most of his Bitcoin holdings, saying the asset failed to deliver on its core promise as a hedge against fiat currency weakness and geopolitical turmoil.

Cuban made the remarks during an interview with Front Office Sports, where he said Bitcoin “has lost the plot.” The Shark Tank personality and former Dallas Mavericks owner had long positioned Bitcoin as a superior alternative to gold, citing its fixed supply and decentralized structure. That conviction has eroded.

“I always thought it was a better version of gold than gold,” Cuban said. “But gold just blew up and went to $5,000. Bitcoin dropped.”

The billionaire pointed to price behavior during the U.S.-Iran conflict as the moment his confidence broke. Gold surged through the period of heightened tensions, setting a record above $5,500 per ounce earlier this year. 

Bitcoin, meanwhile, struggled to hold momentum. Cuban said he expected Bitcoin to rise each time the dollar fell. It did not.

“Every time the dollar dropped, Bitcoin should’ve gone up,” he said. “It’s not the hedge I expected it to be.”

Bitcoin traded near $77,500 on Thursday, down roughly 30% over the past year and 38% below its all-time high of $126,080 set in October. Gold, despite its own pullback from recent peaks, remains up more than 37% over the same 12-month stretch and commands a market cap above $31 trillion — the largest of any asset in the world.

Bitcoin has outperformed gold since the Iran conflict

The data does offer a counterpoint to Cuban’s critique. Since the first signs of U.S.-Iran conflict emerged in late February, Bitcoin has risen more than 16% while gold has fallen over 15%. Bitcoin’s defenders argue that framing matters — the asset’s performance depends on the window of analysis chosen.

Cuban acknowledged a distinction within the crypto space. He expressed less disappointment in Ethereum, which he sees as underpinned by real utility through decentralized finance and blockchain applications. He was categorical about meme coins and speculative tokens, calling them “garbage.”

His earlier crypto profile was broader. In 2021, he held a portfolio split roughly 60% Bitcoin, 30% Ethereum, and 10% in other assets. He was a vocal NFT enthusiast, displayed his wallets publicly, and even accepted Dogecoin as payment for Mavericks merchandise. He once predicted Dogecoin would reach $1 and function as a stablecoin.

Cuban said the crypto sector as a whole has disappointed him by failing to find mainstream utility. “It hasn’t found an application for grandma,” he said.

This post Mark Cuban Sells Most of His Bitcoin, Calls It a Failed Hedge first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

U.S. Lawmaker Unveils Bill to Codify Strategic Bitcoin Reserve, Draws Bipartisan Support 

Rep. Nick Begich, R-Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, unveiling the American Reserve Modernization Act (ARMA) — a bill designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation in statute.

The measure, which has garnered bipartisan support and more than a dozen co-sponsors in Congress, would task the Treasury Department with overseeing the reserve while creating a separate digital asset stockpile for federally held cryptocurrencies other than bitcoin. Begich drew a direct comparison between bitcoin and gold, arguing the market has already determined both assets as the dominant stores of value in their respective classes.

“When you look at gold, it is the dominant precious metal reserve,” Begich told Fox Business. “When you look at bitcoin, it represents about 60% of all market cap for the entire crypto space. So the market has decided, in the case of gold and in the case of bitcoin, that this will be the predominant store of value within that asset class.”

ARMA builds on the earlier BITCOIN Act, which Begich originally introduced in March 2025 alongside Sen. Cynthia Lummis. The updated legislation would authorize the Treasury to acquire up to 200,000 BTC per year for five years — targeting a total of 1 million bitcoin, or roughly 5% of global supply — with all holdings locked for a minimum of 20 years. 

The U.S. government currently holds an estimated 328,372 BTC accumulated through law enforcement seizures, including proceeds from the Silk Road takedown and the 2022 Bitfinex hack recovery.

The U.S. bitcoin handling needs to change

Co-sponsor Rep. Pat Harrigan, R-N.C., underscored the urgency of giving that existing stockpile a strategic home. “The United States government already holds billions in seized bitcoin with no coherent strategy for managing it, and that needs to change,” Harrigan said.

The bill’s introduction comes amid a broader wave of crypto-friendly legislative momentum in Washington. The Senate Banking Committee passed the Digital Asset Market Clarity Act in a 15-9 bipartisan vote on May 13, advancing a sweeping regulatory framework for the crypto industry to the full Senate floor. 

Two Democrats — Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland — crossed the aisle to support the measure. Sen. Lummis signaled the bill could reach a Senate floor vote by mid-June, though she cautioned that timeline may be optimistic.

The legislative push also arrives as the Treasury Department intensifies pressure on crypto-linked illicit finance. 

Under Operation Economic Fury, the U.S. seized nearly $500 million in Iranian cryptocurrency assets as of late April, reinforcing calls for a comprehensive government strategy to manage seized digital assets. 

The White House has separately signaled a formal announcement on the operational status of the strategic bitcoin reserve is imminent, with a senior administration official saying a key legal hurdle has been cleared.

This post U.S. Lawmaker Unveils Bill to Codify Strategic Bitcoin Reserve, Draws Bipartisan Support  first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Blockchain.com Confidentially Files for U.S. IPO, Joining Wave of Crypto Listings

Blockchain.com Group Holdings Inc., one of the oldest companies in the crypto industry, has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering, the Dallas-based firm announced Thursday.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. The IPO remains subject to market conditions and the completion of the SEC’s review process. They expect to go public before the end of 2026.

Founded in 2011 by three members of the original Bitcoin online forum BitcoinTalk.org, Blockchain.com is among the earliest institutions built around digital assets. The company initially tracked activity on the Bitcoin blockchain before expanding into a consumer wallet and exchange, and later into institutional products and services. 

Today, it supports more than 95 million wallets and counts more than 43 million confirmed accounts. The firm employs approximately 500 people and has been profitable on an adjusted basis for three consecutive years, according to the source familiar with its plans.

Crypto firms entering public markets

The filing marks the latest milestone in a sustained push by crypto companies into the public markets. In 2025 alone, Circle, eToro, Bullish, and Gemini — the Winklevoss brothers’ exchange — all went public, collectively raising an estimated $14.6 billion across at least 11 offerings. 

BitGo listed on the New York Stock Exchange in January 2026, becoming the first major crypto firm to go public this year. 

Kraken parent Payward Inc. filed confidentially for a U.S. IPO in November 2025 targeting a first-quarter debut, but shelved those plans in March as market conditions deteriorated. Grayscale remains among the firms still in the pipeline.

Blockchain.com’s path to a public listing has been a long one. The company initially considered going public as early as 2022, when it carried a valuation of $14 billion. But in 2023, it raised $110 million in a Series E round led by UK-based Kingsway Capital at a valuation that had fallen to less than half its 2022 peak — a sharp reset that reflected the broad crypto market downturn that followed that year’s industry collapses.

The confidential filing process, permitted under U.S. securities law, allows companies to prepare for public offerings away from market scrutiny while the SEC conducts its review. Should Blockchain.com complete its listing, it would add another veteran name to a rapidly growing roster of publicly traded crypto businesses.

This post Blockchain.com Confidentially Files for U.S. IPO, Joining Wave of Crypto Listings first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Unchained and Bitcoin Park Hit the Road For Bitcoin Pizza Day With “The New Rules of Bitcoin”

AUSTIN, Texas – May 20th, 2026 – In celebration of Bitcoin Pizza Day on May 22, Unchained, a Bitcoin financial services company founded in 2016 by Joe Kelly and Dhruv Bansal, and Bitcoin Park are hosting special screenings of “The New Rules of Bitcoin,” a short film produced in partnership with The Atlantic’s brand studio Atlantic Re:Think, in ten major US cities. The film highlights three core ideas: Bitcoin is not what you think, Bitcoin is long term thinking, and Bitcoin is true ownership. These ideas lay the groundwork for Bitcoin’s distinction from other cryptocurrencies, with its unique blend of long-term wealth preservation and direct, collaborative custody.

On May 22, 2010, a programmer paid 10,000 bitcoin for two large pizzas to be delivered to his home in the first documented real-world bitcoin transaction. An amount worth around $760 million today, highlighting Bitcoin’s incredible rise to become a mainstream global asset. 

Screenings will run this week in Fort Worth, Kansas City on Friday 5/22, 7 PM, at Buffalo State Pizza Company, Chicago, Washington D.C., Portland, Nashville, Austin, Tampa Bay, and Lexington, Kentucky on Friday, 5/22, 6pm at Goodfellas Pizza. Through The New Rules of Bitcoin Roadshow, Unchained and Bitcoin Park are equipping local meetups with a free screening kit, a discussion primer, and pizza sponsorship for the first 100 meetups— bringing Bitcoin’s story to communities face-to-face, just like on the original Pizza Day. 

“Bitcoin Pizza Day is a reminder that adoption happens peer-to-peer,” said Jonathan Sexton, the Chief Commercial Officer at Unchained. “Every new bitcoiner was, at some point, brought in by another bitcoiner. We made this film with The Atlantic to give the community a tool to share Bitcoin with a new audience, and to help people who are still unsure about bitcoin to give it another look. And the roadshow is the platform to help bring about the next wave of adopters.”

“Since 2022, we’ve experienced in-person meetups work to bring new people into the bitcoin ecosystem, meetup after meetup,” said Rod Roudi, co-founder of Bitcoin Park. “Bitcoin education is at the core of most meetups and this time, supported by a really cool new film. Grassroots, word of mouth is how Bitcoin spread in the first place, and it’s how it will continue to spread.”

This Pizza Day, Unchained is waiving the first trading fee on all new retirement accounts created before June 1st that move from any crypto competitor. To learn more, book a consultation with one of Unchained’s U.S.-based bitcoin experts here. 

About Unchained

Unchained is a Bitcoin financial services company founded in 2016 by Joe Kelly and Dhruv Bansal and headquartered in Austin, Texas. The company built its services around collaborative custody, a multisignature structure in which clients hold their own keys while Unchained provides the financial infrastructure around them. Since its first bitcoin-backed loan in 2017, Unchained has originated more than $1 billion in loans, secured more than 100,000 BTC on its platform, and reported zero capital losses.

The company offers vaults, IRAs, a trading desk, commercial loans, inheritance planning, and its Signature advisory service for individuals and businesses. Its Bitcoin IRA is the only retirement account in the market that gives clients direct key control. In 2025, Unchained received a Wyoming trust charter through its subsidiary Gannett Trust, expanding its fiduciary and wealth advisory capabilities.

Unchained’s open-source wallet Caravan remains available to the public as a standalone tool, independent of any commercial relationship with the company. To learn more, visit unchained.com. 

About Bitcoin Park

Bitcoin Park is a community-supported campus founded in 2022 with locations in Nashville, Tennessee and Austin, Texas. Its mission is to support and accelerate the grassroots freedom tech movement by creating a home for mission-obsessed Bitcoiners, builders, and freedom fighters to work, learn, collaborate, and build.

Programming runs on three rails of freedom tech — AI, energy, and bitcoin — across meetups, workshops, and summits spanning custody & treasury, energy & mining, grassroots adoption, healthcare, payments, policy, and more.

AI Freedom Lab anchors the AI rail — Bitcoin Park’s initiative advancing sovereign, collaborative, and decentralized infrastructure so anyone can build on their own terms.

The capstone is Imagine IF, a summit of summits, held in Nashville the first week of October each year — a call to action for dreamers, builders, and believers to shape the world we want to live in, where AI, energy and converge in service of human flourishing and creative optimism. Each “Imagine IF…” talk plants a seed for what’s possible when bold imagination meets human action. To learn more, visit imagineifnashville.com 

Media Contact 

Melrose PR | unchained@melrosepr.com

Disclaimer: This is a sponsored press release. Readers are encouraged to perform their own due diligence before acting on any information presented in this article.

This post Unchained and Bitcoin Park Hit the Road For Bitcoin Pizza Day With “The New Rules of Bitcoin” first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.

Bitcoin Magazine

5 Reasons Corporations Should Sell Bitcoin

Recently Strategy made headlines by saying that it might sell some bitcoin to meet business objectives. This came as a surprise to many people because of what was previously regarded as a hard-lined stance to never sell. Saylor even (jokingly) tweeted stuff like “Sell a kidney if you must, but keep the bitcoin.”

The reality is that bitcoin sales were always on the table for any bitcoin treasury company. The quip of “never sell” is an articulation of a long-term investment philosophy founded upon the extreme low time preference that is common in bitcoin discourse. But even within this discourse, there are frequently cases where almost everyone agrees it makes sense to sell, despite the ubiquity of the HODL meme. 

The simplest reasons involve improving one’s quality of life: buying a house to raise a family, paying for a trip to a place you’ve wanted to go, sending your kids to college, unexpected and severe medical bills. The list is very long. HODLing often isn’t as long. 

For a company, the reason to do anything (and indeed the reason for a company’s existence) is to improve shareholder value. 

Consider another group of bitcoin companies that have been selling. Our Q1 Report highlights that Bitcoin miners have sold 25,376 BTC in Q1 2026 to fund AI pivots. The value creation math is simple. Management believes that their AI capex will yield better risk-adjusted gains than the bitcoin they sold. Under these assumptions, it makes sense that they sold bitcoin to fund AI. In fact, this is reason 0: if there is a better investment than bitcoin, then selling bitcoin for that makes complete sense.

For Strategy—and all treasury companies that are focused on raising capital to accumulate bitcoin—there are clear cases where selling can create value. Let’s go through some of them. 

Reason 1: Bitcoin per share

Growing Bitcoin per share (BPS) is the goal of most treasury strategies. A period over period growth in BPS is called BTC Yield. BTC Yield is normally achieved when bitcoin is purchased, which increases the numerator in the BPS ratio. However, it can also be achieved when shares are purchased, which decreases the denominator in the BPS ratio. 

If shares trade at a discount to the bitcoin they represent, then selling bitcoin to buy back stock always leads to an increase in BPS. This is because the percent change in bitcoin holdings is still greater than the percent change in shares outstanding. 

The discount rule also applies in the case of ongoing obligations (such as preferred stock dividends or debt coupons) that cannot be funded with operating cash flow. If shares trade at a discount, then it is better to sell bitcoin to pay these obligations. This would lead to a smaller decrease in BPS. 

Reason 2: Cost of capital and raising capital 

Because ratings agencies have much sway over how capital markets allocate funds, their rules and guidelines need to be respected for greater ease in the capital formation process. In December we published a report on Strategy’s historic S&P credit ratings. In it we discussed the different options for companies to receive better credit ratings, which would ultimately help their credit instruments obtain a lower cost of capital. 

The cash reserve option, which was found in S&P’s comments and discussed in our report, was promptly adopted by Strategy. By January 2026, Strategy had about a $2.2 billion cash reserve, and this has meaningfully reduced investors’ fears of an inability to cover preferred dividends. 

In this scenario, it is perfectly okay for a company to sell some bitcoin to create the cash reserve to appease the market so that it can sell its credit instruments at lower costs of capital. This seems convoluted, but ultimately you have to meet your creditors where they are at to get them to give you their money. There is no way around it. 

Another corollary to that is bitcoin sales to retire debt. Debts are senior liabilities which reduce the attractiveness of preferred stock as credit instruments. If these can be retired, then preferred stocks could see a better cost of capital. 

In the long term, a better cost of capital could be worth a lot due to compounding and being able to service liabilities on more capital. For instance, it’s easier to compound if you pay 9% vs 11.5% — an extra 250 bps makes a very big difference over time. And you pay less for $1 billion borrowed at 7% than you do for $700 billion borrowed at 11%. 

Reason 3: Tax 

Bitcoin does not have a wash sale rule in the USA (at the time of writing). You can sell it to realize a loss and then immediately buy it and reset the cost basis lower. This lets you book a loss, which serves as a tax asset. In fact, Strategy actually did this exact thing back in December 2022 at the prior cycle’s bottom. 

Today this tax benefit still exists, so it is another very good reason to sell bitcoin. However, many might not see it as selling if the company immediately repurchases. But a company can easily combine the tax advantage of a realized loss with an action like a share buyback or debt repayment.

Reason 4: Proving it is possible 

Bitcoin is still quite new and this comes with a lot of FUD. Sometimes the FUD is just ridiculous but it still catches on. Strategy selling bitcoin is one such instance of ridiculous FUD: the idea is that they are propping up the whole bitcoin market, or that if they sell the entire bitcoin balance sheet model is instantly debunked. Therefore, if they can sell 50,000 BTC and prove that nothing serious happens to the bitcoin market nor the stock, then this can dispel such notions and make the market more receptive toward the corporate bitcoin balance sheet model.

At any rate, this would be the silliest reason to do it, but sometimes people come up with silly ideas that just need to be proven wrong. And one last point on this — the market is generally quite efficient; it is the media outlets and influencers that are incentivized to push sensationalist and poorly reasoned narrative out of whatever they can find. Real allocators with money rarely make decisions based on these “sources” over actual research.

Reason 5: Preferred buyback 

This is something people don’t really talk about at all. But in the event of a real de-peg of variable rate instruments, the company has the option to buy back the instrument at a heavy discount to par, thus retiring obligations with very high costs of capital.

This is basically closing a winning tax-free and borrow-free short position on the company’s own preferred stock. STRC for example is issued at $100. If the stock drops to $82 and Strategy sells a billion dollars of BTC to buy back STRC at $82 per share, then it basically pocketed a gain of 100 – 82 = $18 per STRC share shorted (issued) and then repurchased. And this gain isn’t taxable, nor did Strategy have to borrow the shares to do this short. 

STRC price action since IPO

The other important thing to note is that such a de-peg does not have to accompany a crash in the bitcoin price. If traders are heavily levered up on STRC (which is certainly possible given what this stock offers), a wick down can lead to stop losses and momentum algos that cause a cascade of selling. In this case, Strategy can sell BTC to retire some STRC shares before enduring a higher dividend (here I assume they would increase the dividend to get the shares back to par). 

Conclusion 

Don’t be surprised or scared about bitcoin sales. There are plenty of cases where it is in the interest of the company and shareholders to do so.

Bitcoin is money. Money creates optionality. Options are great when used well. 

This post 5 Reasons Corporations Should Sell Bitcoin first appeared on Bitcoin Magazine and is written by Allard Peng.

The latest Canaan earnings revealed a new split among Bitcoin mining's best-known hardware suppliers: the company selling mining machines reported a much weaker quarter just as its own crypto holdings became harder to ignore.

The ASIC maker said Q1 2026 revenue fell to $62.7 million, down from $196.3 million in the previous quarter and $82.8 million a year earlier.

Its net loss widened to $88.7 million from $85.0 million in Q4, while non-GAAP adjusted EBITDA loss almost doubled to $76.3 million from $40.5 million.

At the same time, Canaan ended March with a record crypto treasury of 1,807.60 BTC and 3,951.53 ETH.

At CryptoSlate's May 22 price levels of roughly $77,200 per BTC and $2,100 per ETH, that stack was worth about $148 million on a spot-market basis before accounting treatment, receivables, or liquidity constraints.

That is the tension inside the quarter. Canaan still sells the machines that power Bitcoin mining, but the reported numbers increasingly make it appear to be a company with a weaker hardware cycle on one side and a growing BTC-linked balance sheet on the other. The decline also reflected weaker demand for Bitcoin mining following tighter miner economics.

The hardware cycle is the pressure point

Canaan's product segment shows why hardware revenue, miner economics, and treasury exposure all have to be read together. ASIC miner sales fell to $42.9 million from $164.9 million in Q4 2025.

The company said the decline reflected lower computing power sold and a lower average selling price, which it tied to tighter market demand after Bitcoin's price decline.

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ASIC makers sit upstream from miner economics. When miners are confident that new machines can earn back their cost, hardware orders can pull revenue forward.

When power costs, difficulty, financing, or hashprice pressure compress margins, new hardware demand can weaken quickly.

Canaan's Q1 comparison also had company-specific noise. Q4 benefited from a large U.S. customer order, which made the sequential decline look sharper. But the demand language in the Q1 release still points to a broader problem: the hardware line reflected both weaker unit demand and lower average pricing.

Outside Canaan, miner economics were still recovering from a difficult stretch. Hashrate Index's April 2026 lookback said average USD hashprice rose 8.5% to $33.92 per PH per day after two all-time-low monthly averages.

Even with hashprice back near $40 in early May, the firm said marginal hashrate had not returned to the network.

CryptoSlate's own mining coverage has tracked the same pressure from another angle. Earlier this year, miners did not rush machines back online after a price rebound, underscoring that spot BTC alone does not decide whether a rig is profitable.

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Power price, difficulty, machine efficiency, and balance-sheet liquidity all matter.

For Canaan, that turns the product revenue line into the main signal. The company has two linked exposures: Bitcoin price moves and miners' willingness to justify fresh capital spending on machines.

Q1 suggested that demand was not yet strong enough to absorb the hardware seller's operating base.

The treasury is the counterweight

The other side of the story is that Canaan's Bitcoin treasury and ETH holdings continued to rise.

The company's January mining update said it had converted stablecoin proceeds from miner sales into Bitcoin, helping its reserve reach 1,778 BTC and 3,951 ETH at the end of that month.

By March 31, the Q1 results showed 1,807.60 BTC and 3,951.53 ETH. After the quarter closed, Canaan said its April operations added 90 BTC from self-mining and 3 BTC from customer payments, taking the balance to 1,826 BTC and 3,952 ETH by April 30.

That mechanism changes how the quarter reads. Canaan's crypto balance now reflects ongoing operating decisions alongside its legacy holdings. Some miner sale proceeds have moved into Bitcoin, and self-mining continues to add BTC even as mining revenue has fallen since Q4.

The distinction is important. A pure ASIC supplier depends on customer demand for machines. A miner depends on operating efficiency, power costs, hashprice, and Bitcoin production. A treasury holder depends on the market value of the assets it holds.

Canaan now has elements of all three, which makes its reported weakness harder to interpret through a single lens.

Still, the operating loss remains a counterpoint. The company reported an $88.7 million net loss in Q1 and guided Q2 revenue to only $35 million to $45 million, below the already weaker Q1 result.

That guidance means the balance sheet may become a larger part of the narrative precisely because the income statement is not yet showing recovery.

The roughly $148 million spot estimate for Canaan's BTC and ETH also needs restraint. It is useful for scale, while market value differs from Canaan's accounting value and investor motive remains unproven.

Without market-cap and share-price evidence, the more precise claim is that the treasury is now material enough to belong near the top of the story.

Infrastructure gives Canaan a third lane

Canaan's Q1 release also pushed a broader infrastructure message. The company highlighted its Nordic hash-to-heat deployment and a stake in West Texas ABC Projects, which sits closer to energy and compute infrastructure than traditional machine sales.

Those details belong behind the core numbers, but they help explain why Canaan is looking beyond the next ASIC order cycle.

Public miners have already been pulled toward energy, hosting, and AI or high-performance compute strategies as mining margins tighten. CryptoSlate has covered how public miners are using treasuries and infrastructure pivots to navigate the post-halving market.

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Apr 18, 2026 · Liam 'Akiba' Wright

Canaan's version is different because it is upstream. It sells into miners, operates its own mining exposure, holds a growing crypto stack, and is testing energy-linked infrastructure projects.

That mix can help the company if hardware demand remains weak, but it also makes the investment story more complicated. A buyer of Canaan's stock is reading ASIC sales, Bitcoin price exposure, self-mining output, and management's ability to turn infrastructure projects into durable revenue.

That complexity is in why the quarter stops being a basic miss-versus-expectations story. Canaan's customers are under stress, its product revenue fell sharply, and its own crypto balance became more prominent at the same time.

The seller of mining machines is becoming more exposed to the asset that those machines are built to produce.

The next test is straightforward: whether Q2 revenue and product pricing stabilize enough to make Q1 look like a weak transition quarter, or whether Canaan's guided decline pushes the story further toward treasury, self-mining, and infrastructure exposure.

If customer demand improves, Canaan can still be read primarily as a cyclical ASIC supplier with a growing BTC and ETH balance. If revenue follows guidance lower and the crypto stack keeps rising, the market will have more reason to treat the company as a hybrid: part hardware seller, part miner, part Bitcoin treasury, and part energy-compute operator.

For now, the sourced record supports the tension rather than a clean verdict. Q1 showed a weaker hardware business, a wider loss, lower mining revenue, and a larger crypto treasury.

That combination makes Canaan one of the clearer examples of how the Bitcoin mining trade is changing: even the company selling the picks and shovels is increasingly carrying the asset risk its customers face every day.

The company remains heavily exposed to Bitcoin mining hardware demand even as its treasury exposure grows. The broader question after these Canaan earnings is whether treasury growth can offset weaker hardware demand.

The post Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M appeared first on CryptoSlate.

SpaceX’s IPO filing and revealed Bitcoin exposure have given crypto investors a formal benchmark for a company they had already begun trading before public markets received the prospectus.

On May 20, the firm submitted an S-1 filing with the US Securities and Exchange Commission (SEC), outlining the financial performance, risk factors, and growth ambitions of Elon Musk’s rocket, satellite, and artificial intelligence company ahead of a planned listing under the ticker SPCX.

The potential listing could value SpaceX at about $1.75 trillion, making it one of the largest IPOs in market history. It could also make Musk the world's first trillionaire.

With such a personal fortune, Musk's wealth would be above the combined market capitalization of the 10 largest crypto assets excluding Bitcoin, based on CryptoSlate’s current market-cap table, which lists Ethereum, Tether, BNB, XRP, USDC, Solana, Tron, Hyperliquid, and Dogecoin at roughly $807 billion combined.

However, the crypto relevance of the filing goes beyond Musk’s wealth or SpaceX’s implied valuation.

The document gives traders a clearer view of three areas that overlap with digital-asset markets, including SpaceX’s Bitcoin holdings, X’s push into payments and banking, and a data-center strategy that could eventually compete with the AI-infrastructure narrative now supporting Bitcoin mining stocks.

SpaceX's Bitcoin balance sheet

SpaceX’s most explicit crossover into the digital asset market is visible on its balance sheet, resolving years of industry speculation driven primarily by wallet analytics and informal executive commentary

According to the S-1 filing, SpaceX held 18,712 Bitcoin as of March 31, 2026. The company disclosed a fair market value of approximately $1.29 billion for the position, compared with a historical cost of $661 million. This implies an average purchase price of roughly $35,324 per coin.

This disclosure firmly anchors SpaceX among the top ten corporate Bitcoin holders globally, mirroring a treasury philosophy popularized by firms like Strategy (formerly MicroStrategy), which commands the largest corporate allocation at 843,738 BTC, and Musk’s sister company, Tesla, which maintains a balance of 11,509 BTC.

Unlike dedicated corporate treasury plays, SpaceX treats its digital asset holdings as independent balance-sheet exposure. However, public-market accounting standards mean these holdings will introduce significant net income volatility for prospective SPCX shareholders.

Under current fair-value crypto accounting guidelines, public enterprises must measure eligible digital assets at market prices each quarter, passing unrealized gains and losses directly through their corporate earnings statements.

The structural impact of this rule is highlighted in the company's first-quarter performance metrics. SpaceX reported that its nominal inventory of 18,712 Bitcoin remained entirely unchanged from the end of 2025 through the first quarter of 2026.

Yet, because Bitcoin prices retraced toward the $70,000 level during the period, down from historical peaks above $126,000, the reported fair value of the block contracted from $1.64 billion to $1.29 billion.

This drop wiped hundreds of millions of dollars from reported income without a single coin being liquidated.

The firm stated that the coins are held with unnamed third-party custodians and revealed no plans for further acquisition or sales.

X's ‘Everything App' goal

The prospectus also outlines the corporate trajectory of the social network X (formerly Twitter), revealing an operational roadmap that closely overlaps with the consumer-utility thesis championed by crypto payment projects.

The filing described X as a platform being built toward an everything-app model, combining real-time information, communications, media, payments, banking, commerce, and AI features into a single consumer experience.

It also pointed to Money, a product launched in beta in November 2025, as part of the effort to expand platform utility through payments and financial services.

That puts X closer to the competitive field occupied by stablecoin issuers, crypto wallets, and consumer finance apps.

Stablecoin companies are trying to win payment volume by offering faster settlement, lower costs, and programmable money. Wallet providers are trying to become the interface for balances, identity, token storage, creator payments and peer-to-peer transfers.

X is approaching the same activity from a distribution perspective, beginning with a social network and layering financial tools into the user experience.

For the digital asset ecosystem, this model presents a dual-edged structural outlook. If retail consumers can hold balances, settle transactions, and compensate creators natively inside a mainstream social platform, the immediate consumer incentive to navigate the onboarding complexities of standalone cryptocurrency wallets declines.

Conversely, the infrastructure preserves substantial optionality; if X eventually introduces digital asset rails or stablecoin settlement within its existing regulated payments layer, it would immediately become one of the world's largest distribution networks for digital assets.

SpaceX brings deeper capital into the Bitcoin miner AI trade

Perhaps the most fundamental threat to the current crypto narrative lies in SpaceX’s artificial intelligence ambitions, which directly overlap with the “power-and-compute” pivot that is propping up Bitcoin mining stocks.

Faced with rising mining difficulty and halving pressures, public Bitcoin miners have spent the past two years re-architecting their facilities to host artificial intelligence workloads. Miners have consistently pitched institutional investors on the value of their terrestrial land rights, high-voltage electrical substations, and industrial cooling setups.

Industry estimates from firms like CoinShares suggest public miners could draw up to 70% of their top-line revenue from AI data hosting by the end of this year, having secured more than $70 billion in cumulative GPU colocation and cloud agreements through early 2026.

SpaceX’s prospectus challenges this narrative by entering the same market with substantial capital. The filing estimates that the specific global market opportunity for AI compute infrastructure will reach approximately $2.4 trillion, driven by an exponential surge in structural demand.

Considering this, SpaceX is looking to capture the multi-trillion-dollar infrastructure vertical by offering its data centers to rivals.

Notably, SpaceX is already monetizing this infrastructure at scale through its recent merger with xAI and the buildout of its massive computing clusters.

The regulatory documents reveal that AI developer Anthropic has entered a binding agreement to pay SpaceX nearly $45 billion over the next three years to secure dedicated computing capacity for its Claude AI models.

The contract dictates monthly payments of $1.25 billion extending until May 2029, with a brief ramp-up discount applied during May and June of 2026. Either entity can terminate the arrangement with 90 days' written notice.

The filing indicates that SpaceX intends to sign identical compute resource leases with other third-party enterprises moving forward, building out massive internal GPU clusters and leasing excess capacity to external developers as internal training workloads fluctuate.

This operational framework reshapes the competitive dynamics for digital asset equity portfolios.

For Bitcoin miners, SpaceX is not an immediate replacement for terrestrial data centers. Miners still have an advantage in existing grid access, developed sites, and shorter conversion timelines.

However, SpaceX brings a different competitive profile. It has a larger capital base, a broader technology platform, and has the long-term goal of deploying solar-powered data centers directly into orbit, using Starlink’s laser-mesh satellite network to bypass traditional terrestrial grid bottlenecks entirely.

That creates a new pressure point for mining equities. The investor case for miners has improved because AI customers need power and data-center capacity outside traditional hyperscaler pipelines. SpaceX shows that the same shortage is drawing companies with deeper balance sheets and larger technology ecosystems.

Miners will need to prove that they can offer cost, speed, or reliability advantages that larger competitors cannot easily match. Otherwise, the AI pivot that helped support their valuations could become a more crowded trade.

The post SpaceX IPO filing gives crypto investors a new way to price Bitcoin exposure, X payments, and AI compute appeared first on CryptoSlate.

The euro-denominated stablecoin consortium Qivalis has received backing from 37 banks across 15 countries, and the asset is planned to launch in the second half of the year.

ING noted that stablecoins already serve wholesale cross-border payments and blockchain-based bond settlement, but most of that activity is denominated in US dollars, creating currency exposure for European corporates whose payroll, taxes, and accounting are denominated in euros.

DeFiLlama puts the global stablecoin market at $322.1 billion, with USDT at $189.6 billion and USDC at $76.3 billion, accounting for 82.5% of the total supply.

Circle reports €387.9 million EURC in circulation as of May 18, while SG-FORGE's EURCV stands at €105.6 million.

Those two leading euro tokens together equal roughly $572 million, about 0.18% of the global stablecoin market, and now Europe's distribution play must close a roughly 450-to-1 window before it can contest the rails.

Why the dollar's lead is structural

The Kansas City Fed estimated that as of November 2025, 48.8% of stablecoins were used as trading assets across exchanges, finance protocols, and infrastructure, while traditional payments accounted for only 0.7% of stablecoin use.

CEX.IO's data for the first quarter shows stablecoins accounting for 75% of all crypto trading volume, with USDT alone accounting for 68% of all crypto volume and 86% of stablecoin trading volume.

Traders use the deepest pairs, applications integrate the most liquid tokens, and market makers carry dollar-stablecoin inventory because that is where volume flows.

The White House fact sheet on the GENIUS Act states that the law will strengthen the dollar's status as a reserve currency and increase demand for US Treasuries by requiring stablecoin issuers to back their assets with dollars and Treasury bills.

ECB President Christine Lagarde responded in May 2026 by noting that every dollar stablecoin that scales also scales up demand for dollar-backed assets, and cited a research finding that a $3.5 billion inflow into dollar stablecoins can lower three-month Treasury bill yields by 2.5-3.5 basis points.

RWA.xyz shows $33.8 billion in distributed tokenized real-world asset value and $340 billion in represented asset value, with tokenized US Treasuries alone at over $15.4 billion. Every tokenized asset has a settlement leg, and most of those legs are currently settled in dollar stablecoins.

If European bonds, real estate funds, and trade receivables continue to settle in USDT or USDC, European corporates will have moved their assets on-chain, making them dollar-native by default.

Europe's counterattack runs through bank networks

Under the EU's Markets in Crypto-Assets regulation, euro-denominated stablecoins issued by regulated entities can operate across member states without separate national licenses.

That gives Qivalis a compliance advantage that Tether, which holds no MiCA license, cannot easily replicate. The bank-distribution layer is what separates Qivalis from EURC, which has yet to attract the institutional liquidity required for scale.

The architecture being formed comprises corporate treasury management, cross-border supplier payments, and settlement of blockchain-based bonds and fund shares. Those are institutional workflows where bank connectivity and counterparty support determine adoption.

Qivalis is betting that 37 banks can make euro stablecoins available to corporate treasurers, who receive stablecoins through their banking partners.

Liquidity traps and regulatory overcorrection

JPMorgan projects the stablecoin market will reach roughly $500 billion by the end of 2028, which, from the current $322.1 billion base, implies about 18.6% annualized growth.

In that scenario, dollar stablecoins grow proportionally, and the overall market fails to expand fast enough to give euro tokens room to build meaningful exchange depth.

Qivalis becomes a compliance product adequate for selected cross-border treasury pilots but unable to reset DeFi collateral preferences or exchange defaults.

The IMF's COFER data for the last quarter of 2025 shows the euro at 20.25% of global official FX reserves, compared with the dollar at 56.77%.

In a bearish case, euro stablecoins replicate that disparity, and European tokenized assets continue to settle in digital dollars because USDT and USDC dominate exchange pairs, DeFi pool depth, and market maker inventories.

If the ECB or national supervisors constrain issuance of public-chain euro stablecoins in favor of tokenized deposits or a CBDC, Qivalis's bank distribution network becomes irrelevant.

Banks that joined to offer a regulated stablecoin may end up offering a different instrument that does not interoperate with DeFi protocols or non-EU exchanges under a different framework.

That fragmentation leaves dollar tokens as the practical default for any transaction crossing the EU perimeter.

The euro settlement beachhead

Standard Chartered projects that the stablecoin market will reach $2 trillion by the end of 2028, with up to $1 trillion in net new demand for Treasury bills.

Reaching $2 trillion from $322.1 billion requires roughly 102.8% annualized growth, or about $54 billion of net supply growth per month through end-2028.

In that environment, euro stablecoins capturing 3-5% of the market would mean $60 billion to $100 billion in euro-denominated on-chain liquidity, sufficient to support genuine exchange depth, DeFi collateral use, and tokenized fund settlement at institutional scale.

Euro stablecoins can secure that position by becoming the default settlement asset for EU tokenized securities before those standards harden around dollar rails, a prize that carries its own logic independent of any displacement of USDT in global crypto trading.

The RWA market is still early, which means the window to establish euro-denominated settlement rails is open. If Qivalis reaches sufficient liquidity before tokenized EU assets adopt dollar defaults, European financial infrastructure avoids becoming dollar-native at the plumbing layer.

That outcome would decide whether the next generation of European corporate finance runs on digital euros or digital dollars.

The contest is over settlement defaults

Europe's goal is to make euro-denominated money available at the moment when traditional finance moves on-chain and before defaults set in.

Qivalis's 37-bank consortium is a bet that institutional distribution can generate the liquidity, counterparty network, and compliance stack integration that corporates require before they route treasury flows through a euro stablecoin.

Whether that bet pays off by the end of 2028 will depend on how fast tokenized asset markets expand, how aggressively European banks activate their Qivalis relationships, and whether regulators treat public-chain euro stablecoins as infrastructure worth protecting or as a risk worth constraining.

The post Europe’s 37-bank stablecoin push tests whether on-chain finance defaults to euros or dollars appeared first on CryptoSlate.

Bitcoin price reached $82,400 on May 20 and ran into a line on a chart. Up 37% from its April lows, BTC stalled at the 200-day moving average, pulled back to as low as $76,000, and left the market wondering what the rejection showed about the market's underlying structure.

That line, a simple arithmetic average, is among the most-watched indicators in crypto, and understanding why helps decode how the market is reading the current moment.

The reversal repeated a pattern we saw in March 2022, when Bitcoin staged a comparable 43% relief rally before testing the same indicator and resuming its downtrend. That parallel deserves careful attention, though the current on-chain data adds important nuance.

The math behind the price anxiety

A moving average smooths price volatility by averaging a set of historical prices into a single line. The 200-day version takes Bitcoin's daily closing prices over the previous 200 “sessions,” averages them, and plots the result continuously, updating each day as the oldest price drops out and the newest enters. It's one of the most straightforward indicators in technical analysis, with the 200-bar version widely used as a proxy for longer-term trend direction.

The 200-day figure comes from traditional equity markets, where roughly 200 trading sessions cover close to 40 weeks of activity. Bitcoin trades every hour of every day, so the “200 days” here is literally 200 calendar days rather than 200 exchange sessions.

The average filters out noise first: Bitcoin can swing 10% in a single session, and the 200-day absorbs that daily turbulence into something that can be called a trend. CryptoSlate has tracked this across multiple market cycles, noting that Bitcoin's historical interaction with the 200-day SMA has reliably reflected bullish and bearish regimes.

However, it also acts as a crowd checkpoint: because so many different market participants reference the same level simultaneously, it tends to function as a self-fulfilling structural boundary, acting as support when price is above and resistance when price is below.

The 200-day also offers something Bitcoin seems to lack elsewhere: a clean, simple signal. Bitcoin doesn't come with earnings reports or a dividend calendar, which leaves traders leaning on on-chain data. Everything above the 200-day is considered bullish, and anything below is bearish, and a rejection at the line is seen as a confirmation that the market's longer-term structure remains weak.

What Bitcoin's ceiling tells us about its floor

Given the size and scope of the Bitcoin market, there are dozens of factors at play that contributed to this reversal. CryptoQuant research identified simultaneous deterioration across three demand components at the moment of the rejection: perpetual futures positioning reversed sharply as prices hit $82,000, spot apparent demand contracted faster than in prior weeks, and ETFs turned net sellers, with their 30-day demand growth falling to its lowest level in nearly a month.

CryptoSlate reported that the market saw over $1 billion in outflows from digital asset investment products in the week ending May 20, the first negative week in seven, with Bitcoin products accounting for $982 million of that total. The week before had already recorded another $1 billion withdrawal, snapping a six-week streak of consecutive positive inflows and unwinding roughly 14,000 Bitcoin in net outflows.

Two consecutive weeks of significant institutional selling, arriving just as Bitcoin tested its key resistance, didn't fare well. The Coinbase premium stayed persistently negative throughout the April-May rally, confirming that US institutional demand didn't re-engage at scale during the recovery attempt we saw in the past couple of months. Historically, sustained Bitcoin advances have required a positive Coinbase premium as a baseline condition, and its absence tells us the move was driven primarily by global speculative futures activity rather than domestic accumulation.

The CryptoQuant Bull Score Index fell from 40 back to 20 following the rejection, matching the extreme bearish readings of February-March 2026, when Bitcoin declined to the $60,000-$66,000 range. CryptoSlate has previously identified trend reclamation, demand inflection, and risk appetite normalization as the three preconditions for a genuine bear market exit, and the current situation is weak across all three simultaneously.

But it's important to remember that the 200-day moving average is a warning light, not a steering wheel.

The 2026 setup is different from the one we saw in 2022: the 200-day MA is trending lower this cycle rather than higher, suggesting the historical parallel carries real limits. If the correction continues, CryptoQuant identified the on-chain realized price of approximately $70,000 as the primary on-chain support target, a break-even level where selling pressure has historically diminished.

Earlier CryptoSlate analysis tracked the same data during the February drawdown, pointing to the convergence of moving averages and realized prices as structural anchors for any recovery thesis.

The paradox embedded in all of this is worth sitting with: one of the most consequential signals in crypto is, at its core, just an average. When enough participants treat the same level as a structural checkpoint, that simple math becomes considerably more powerful than it really is. The 200-day MA is a shared test of market conviction, and right now, that conviction is failing.

The post Why do Bitcoin traders care so much about the 200-day moving average? appeared first on CryptoSlate.

World Liberty Financial’s WLFI token is facing renewed scrutiny as the Donald Trump family-backed crypto project tries to rebuild demand and confidence after its recent slide to an all-time low.

World Liberty Financial has responded with WLFI token burns, exchange integrations, and rewards programs tied to its USD1 stablecoin, a campaign aimed at restoring activity across the WLFI ecosystem after months of pressure from governance disputes, unlock concerns, and questions about liquidity.

While those efforts have helped lift market sentiment, they have also created a fresh liquidity window for long-dormant holders to take profits.

This reflects the challenge facing a token whose rebound still depends heavily on incentives, exchange access, and confidence in the project’s governance.

World Liberty Financial turns to WLFI burns and USD1 rewards after an all-time low

The ecosystem's turnaround strategy follows a punishing market downturn that has thrown the Trump-related project down nearly 88% from its historical peak.

To repair market confidence, World Liberty Financial accelerated WLFI token burns as part of a wider supply-reduction campaign.

On-chain data from Arkham Intelligence confirmed the project permanently burned 3 billion WLFI tokens, removing approximately $180.8 million in market value from circulation.

The move followed a previously approved governance proposal to permanently destroy up to 10% of the total tokens held by founders, team members, advisors, and partners, which represents roughly 4.5 billion tokens.

Alongside supply contraction, the project is attempting to turn its USD1 stablecoin into the primary utility rail for the ecosystem. Rather than relying solely on organic token demand, World Liberty is leveraging major crypto exchange infrastructures to drive commercial adoption.

The launch of a new USD1/BTC trading pair on Binance expanded Binance futures collateral access, allowing market participants to use the World Liberty stablecoin as collateral for Bitcoin futures contracts for the first time.

Simultaneously, cryptocurrency exchange Bybit introduced USD1 to its platform, integrating the token as a viable collateral asset across margin trading, crypto loans, institutional credit lines, and pay-later services.

To accelerate adoption, Bybit and World Liberty Financial launched a Bybit USD1 rewards campaign. The program injects a 45 million WLFI reward pool into the marketplace, offering users up to 20% annualized percentage rate (APR) for staking and holding USD1, linking WLFI token demand directly to broader stablecoin utilization.

WLFI rebound gives dormant holders a World Liberty Financial exit window

The combination of World Liberty Financial’s structural burns and high-yield exchange promotions triggered a WLFI trading rebound, but the sudden influx of market liquidity carried unintended operational consequences.

Data from blockchain analytics platform Santiment shows that World Liberty recorded its highest-ever realized profit and age-consumed day by a wide margin on May 18.

On that day, market participants sold a net 1.8 billion WLFI tokens for a profit. Concurrently, the network's age-consumed metric, which multiplies the volume of moved tokens by the duration of their inactivity, spiked to 17.4 trillion.

Santiment stated that the spike in transactions directly followed the Binance futures collateral integration.

The data indicates that while the new exchange infrastructure successfully revived flagging market activity, it primarily served as a mechanism for long-time, dormant holders to liquidate their positions and exit the ecosystem.

According to the blockchain analytical firm, the market absorbed a significant portion of this selling pressure. WLFI traded up 5.5% following the dual metric spikes, demonstrating that the immediate exchange demand cushioned the impact of the profit-taking.

However, the scale of the dormant-token movement indicates that any sustained price recovery must continue to digest an overhang of supply from early participants waiting for deeper market liquidity.

AI Financial shows World Liberty Financial stress spreading into public markets

The financial pressure within the World Liberty Financial network has moved beyond decentralized token markets and is now impacting public-company balance sheets.

AI Financial's (formerly ALT5 Sigma Corporation) first-quarter regulatory filing demonstrates how digital asset volatility can disrupt traditional corporate treasury structures.

AI Financial built its corporate treasury model entirely around the World Liberty ecosystem. In August 2025, the company executed a massive $1.5 billion capital raise, split evenly between a registered direct offering and a private placement settled in tokens, to acquire 7.28 billion WLFI tokens at a cost basis of $0.20 per token.

According to its latest filing for the quarter ended March 28, the market slide forced the company to record a $348.3 million unrealized mark-to-market loss on its token treasury. This adjustment reduced the carrying value of the digital assets to $706.4 million, less than half of its original purchase price.

The writedown compromised the firm’s bottom line, resulting in a $271.3 million net loss from continuing operations for the quarter, compared with a net loss of $2.4 million in the prior-year period.

More critically, contractual lockups render AI Financial’s $706 million asset base unusable for day-to-day survival.

Under a Token Purchase Agreement, 3.53 billion tokens remain contractually non-transferable for 12 months.

The remaining 3.75 billion tokens, held under a Securities Purchase Agreement, cannot be sold until the company secures shareholder approval, executes a formal corporate charter amendment, and files an effective resale registration statement with regulators.

Consequently, AI Financial ended the quarter with $10.5 million in cash, $32.2 million in total assets, and $39.1 million in total liabilities, leaving the company with a $5.5 million working capital deficit.

The cash strain led management to state there is “substantial doubt” about the company’s ability to continue as a going concern within one year.

To sustain operations, AI Financial added a layer of related-party debt. In January, the firm borrowed nearly $15 million under a loan agreement directly from World Liberty Financial.

The firm's management disclosed it could use the cash to execute a share repurchase program and purchase additional WLFI tokens, utilizing project debt to support both its public equity and the underlying ecosystem asset.

World Liberty Financial governance fight leaves the ecosystem under scrutiny

World Liberty’s ecosystem challenges extend beyond asset price fluctuations, cash shortages, and corporate accounting rules.

The project is currently litigating a defamation lawsuit against prominent crypto entrepreneur Justin Sun, a prominent backer of the project.

Sun had alleged that World Liberty’s developers quietly embedded undisclosed blacklisting functions directly into the project's smart contracts.

According to his legal filings, these functions provide the core team with administrative backdoors to unilaterally freeze user wallets and restrict individual participation in protocol governance.

World Liberty has dismissed Sun's claims as defamatory. The project also countersued Sun, claiming that the Tron founder engaged in a coordinated effort to suppress the token’s market price during its public launch in September.

The lawsuit claims that Sun actively shorted the asset and improperly transferred governance-bearing WLFI tokens to Binance to manipulate the project's direction.

In addition to the legal dispute, on-chain records show the project previously utilized 5 billion WLFI tokens as collateral to borrow more than $75 million in USDC.

This action has attracted significant scrutiny from crypto observers and US lawmakers alike. For context, Senator Elizabeth Warren has led an aggressive, ongoing push to investigate this World Liberty Financial action and its ties to the Trump family.

The lawmaker urged the SEC to investigate the project, saying:

“WLF’s activities appear to have benefited the Trump family at the expense of investors, who have found themselves facing unanticipated challenges with accessing their tokens. Early investors remain locked out of 80% of their token holdings, unable to sell into a market that has already moved sharply against them.”

The post World Liberty Financial rebound gives dormant WLFI holders an exit as AI Financial warns of survival risk appeared first on CryptoSlate.

While legacy digital assets have moved through standard cyclical trends, HYPE has decoupled from the broader market, establishing itself as a top-tier large-cap performer.

If you had invested $100,000 into HYPE at the beginning of January 2026, your portfolio value would sit at approximately $247,440 today (based on a move from $25 to the current trading price of $61.86). This explosive 147.4% year-to-date gain has completely rewritten the narrative around on-chain derivatives, leaving holders of major digital assets wondering how a decentralized exchange token stole the spotlight.

HYPE Destroys BTC and ETH Return Profiles

To put the strength of the HYPE price rally into perspective, a $100,000 allocation into Hyperliquid at the start of 2026 would have significantly outperformed investors who bought and held Bitcoin ($BTC) or Ethereum ($ETH) over a much longer four-year macro horizon.

Performance Comparison Matrix

The mathematical divergence is stark. A $100,000 investment in Bitcoin would have dropped to roughly $88,090, while the same capital placed in Ethereum would have depreciated to $70,930 due to localized market corrections. Meanwhile, HYPE more than doubled your capital.

What is Hyperliquid Crypto?

Hyperliquid is a high-performance Layer-1 blockchain explicitly optimized to operate a decentralized perpetual futures exchange. Unlike traditional decentralized applications that build on top of external networks like Ethereum or Arbitrum, Hyperliquid utilizes its own standalone infrastructure to offer centralized-exchange-like speed with full on-chain transparency.

The native HYPE token serves multiple vital utilities within this financial ecosystem:

• Staking and Security: Securing the underlying high-speed L1 consensus mechanism.
• Protocol Governance: Directing protocol upgrades and feature releases.
• Ecosystem Utility: Acting as a core collateral asset and driving the platform's highly anticipated programmatic fee-buyback architecture, where up to 97% of protocol revenue directly accrues value to the ecosystem.

Technical Analysis: Breaking Down the HYPE/USD Chart

A detailed analysis of the daily HYPE/USD chart shows a structurally flawless bullish trend characterized by climbing support floors and explosive breakout waves.

1. The January Baseline and February Accumulation

HYPE opened the year trading flat near the $25.00 psychological support line. Volatility initially remained compressed before a surge in platform trading volume triggered a sharp vertical impulse toward $35.00 in early February. This move established a definitive macro-bottom that was never retested.

2. The Mid-Spring Consolidation Channel

Throughout March and April, the token entered a broad, ascending re-accumulation channel. Every localized sell-off was met with intense spot buying pressure near the 50-day and 100-day Exponential Moving Averages (EMAs), which converged effectively around the $40.00 – $45.00 horizontal support zone.

3. The May Parabolic Expansion

The final leg of the structure showcases an almost vertical price expansion starting in mid-May. HYPE broke out of its multi-week consolidation at $45.00, accelerating through its previous historic resistance barriers to touch an all-time high of $61.86. The sheer steepness of the final candle indicates intense institutional accumulation and massive short-side market liquidations.

Why HYPE Outperformed the Market

While technical setups explain the path of price action, fundamental triggers explain the velocity of the move. Several major real-world developments converged in May 2026 to fuel the HYPE engine:

The Mother of All Short Squeezes

According to derivatives data from on-chain analytics firms like Santiment and CoinGlass, market participants aggressively attempted to short HYPE's rally between May 18 and May 20, pushing funding rates deeply into negative territory. This pessimistic bet backfired dramatically. As the price pressed upward, over $33.5 million in short positions were forcefully liquidated within a single 24-hour window, creating an aggressive, involuntary buying loop that catapulted HYPE past $59 and into the $61+ zone.

Wall Street Arrives: Spot HYPE ETFs Launch

Institutional validation reached a fever pitch on May 14, 2026, when top-tier asset manager Bitwise officially launched the Bitwise Hyperliquid ETF (ticker: BHYP) on the NYSE, offering native staking rewards natively within the fund structure. Concurrently, firms like Grayscale and 21Shares saw massive early capital inflows into their respective investment vehicles. Heavyweight venture capital firms like Andreessen Horowitz (a16z) were spotted by on-chain analysts accumulating tens of millions in spot HYPE tokens directly from major trading venues.

Synthetic Pre-IPO Markets (The SpaceX Effect)

Hyperliquid expanded its fundamental product suite beyond standard crypto assets via its HIP-3 protocol upgrade. The recent launch of synthetic pre-IPO perpetual contracts tracking SpaceX (SPCX-USDC) generated over $33 million in volume on its first day alone. By providing decentralized, 24/7 access to traditional mega-cap private equity valuations, Hyperliquid proved to mainstream finance that its layer-1 infrastructure is uniquely suited to handle global market demands.

Future Outlook: Can HYPE Maintain Its Momentum?

With HYPE currently sitting in price-discovery mode above its historic resistance levels, the technical path of least resistance remains upward. Financial analysts point out that with Hyperliquid maintaining an annualized revenue run rate nearing $900 million, the fundamental valuation models heavily favor continued token accumulation.

In a move that could fundamentally alter the plumbing of the United States financial ecosystem, President Donald J. Trump has officially signed an executive order titled "Integrating Financial Technology Innovation into Regulatory Frameworks." The directive aims to systematically dismantle the regulatory walls that separate financial technology (fintech) firms and digital asset companies from traditional banking infrastructure.

President Trump Orders Crypto Integration Into US Payment Systems

The executive order explicitly instructs federal financial regulators to update and streamline rules to merge digital assets and innovative technologies into traditional finance. For the digital asset markets, the immediate focus is on eliminating the "gatekeeper" status held by legacy tier-1 commercial banks, which have historically dictated which tech firms could access dollar liquidity and payment rails.

Streamlining Fintech Partnerships and Licensing

Under the first core mandate of the executive order, the heads of all federal financial regulatory agencies—including the SEC, CFTC, and OCC—have exactly 90 days to review existing guidelines, supervisory practices, orders, and no-action letters. The objective is to identify and modify rules that unduly impede fintech firms from entering into operational partnerships with insured depository institutions, broker-dealers, and investment advisers. Furthermore, the order demands a streamlined application process for alternative entities seeking national bank trust charters and federal insurance.

The Federal Reserve Master Account Mandate

The most critical aspect of the order is directed toward the Federal Reserve Board of Governors. The central bank has been requested to deliver a comprehensive evaluation within 120 days regarding the legal, regulatory, and policy frameworks that govern access to Reserve Bank payment accounts and payment services.

Crucially, this evaluation must explore how non-bank financial companies and uninsured depository institutions—specifically those managing digital assets—can directly access the Fedwire system and other central bank payment rails.

Why Fed Payment Access Matters for Crypto

For over a decade, the digital asset industry has suffered from localized "debanking" measures, often referred to by industry executives as Operation Chokepoint 2.0. Because digital asset firms could not gain direct access to Federal Reserve Master Accounts, they were forced to rely on intermediary partner banks under a Banking-as-a-Service (BaaS) model.

This infrastructure configuration introduced notable structural vulnerabilities:

• Counterparty Risk: Crypto companies remained exposed to the solvency and risk tolerances of third-party regional banks.
• Layered Transaction Fees: Multiple intermediaries increased the net cost of settlement for end-users transferring capital between fiat and digital assets.
• Single Points of Failure: Regulatory crackdowns on a handful of fintech-friendly partner banks routinely disrupted liquidity pipelines for the entire digital asset economy.

By evaluating direct access to Reserve Bank payment accounts, the administration is laying the groundwork for digital asset custodians and stablecoin issuers to settle transactions directly at the central bank level. This could effectively harmonize the legal standing of compliant digital asset institutions with that of traditional commercial banks.

The Broader Impact on Digital Assets and Markets

The regulatory restructuring comes at a time when institutional adoption of digital assets is already accelerating. Following the conditional approval of several crypto-related national trust bank charters by the OCC, this executive order provides a clear policy runway for top-tier digital asset service providers.

Institutions utilizing deep liquidity pools across major assets will benefit from more robust fiat on-ramps and off-ramps. Traders checking the Bitcoin price or assessing overall market shifts can expect reduced tracking errors and tighter spreads as institutional settlement bottlenecks disappear. For those seeking safe custody options amid these sweeping systemic upgrades, evaluating secure storage via the hardware wallets comparison remains a recommended baseline.

Furthermore, direct integration into payment channels gives clear utility advantages to compliant stablecoin issuers and settlement networks. This operational framework complements legislative progress in Washington, positioning the domestic digital dollar ecosystem to effectively scale commercial settlement speeds.

A major wave of geopolitical relief is sweeping through global financial markets. According to an official White House Pool Report, US President Donald Trump stated that the United States is currently in the "FINAL STAGES" of negotiations to end the ongoing conflict with Iran. This sudden pivot toward de-escalation comes just days after tense rhetoric left markets bracing for renewed military strikes.

For macro investors and digital asset traders, this news represents a significant reduction in the global risk premium. Historically, severe geopolitical tension in the Middle East drives institutional capital toward defensive postures. A verified breakthrough in these peace talks removes a massive layer of uncertainty, clearing the path for an immediate risk-on rally across both equities and digital assets.

Crypto Markets React as Geopolitical Risk Fades

The cryptocurrency market has historically acted as a highly sensitive gauge for global liquidity and macroeconomic sentiment. Following the distribution of the pool report, digital asset markets showed immediate signs of positive momentum.

With the threat of a widening conflict officially being neutralized at the diplomatic table, capital is expected to rapidly rotate back into high-beta risk assets. Analysts suggest that the timing of this diplomatic breakthrough could not be more ideal for crypto bulls, as market liquidity had been tightly coiled waiting for a clear directional catalyst.

Technical Outlook: Bitcoin Targets $82,000 After $80,000 Reclaim

From a technical perspective, $Bitcoin has been consolidating just under key overhead resistance. The macroeconomic relief provided by the Trump-Iran development is the exact fundamental driver needed to push the asset over the edge.

Key Levels to Watch

• The $80,000 Psychological Barrier: Reclaiming this level convincingly will confirm that the correction is over and that buyers are firmly back in control.
• The $82,000 Target: Once $80,000 flips from resistance into support, the path toward $82,000 is open, backed by short-liquidations and fresh retail momentum.

Traders looking to capitalize on this volatility should keep a close eye on live updates via the CryptoTicker BTC Tracker. Furthermore, evaluating market execution costs across the CryptoTicker Exchange Comparison Matrix will be vital as trading volumes spike in response to the news.

The cryptocurrency market is closely examining its structural footing following a sharp correction from recent all-time highs. After a powerful multi-week expansion that propelled the digital currency past key milestones, the asset encountered aggressive overhead resistance.

For market participants assessing bitcoin news today, the primary focus centers on the daily candlestick chart structure. After breaching the psychological $80,000 mark and posting local highs near $83,000, the daily Bitcoin price underwent a clear multi-day retracement. The premier digital asset is hovering at $77,371, registering a modest intraday green candle (+0.80%) as buyers attempt to stabilize the market at a historically significant technical crossroads.

Bitcoin Daily Chart Analysis: Understanding the Moving Average Breakdown

• The Price Action: BTC/USD hit an apex near $83,000 before breaking down beneath its short-term moving average, bottoming locally at a low of $76,440.
• The Technical Catalyst: A bearish crossover of the short-term Moving Average (MA 9) below the longer-term Moving Average (MA 21), signaling a momentum shift on the daily timeframe.
• The Macro Context: Over $800 million in bullish derivatives positions were liquidated as a strengthening US Dollar Index (DXY), rising 30-year Treasury yields, and unresolved geopolitical tensions in the Middle East chilled risk appetite.

The daily chart reveals that Bitcoin has slipped beneath its 9-day Moving Average (orange line at $78,502) and its 21-day Moving Average (green line at $79,301). This layout defines the current retraction as a structural shift: the moving averages have transitioned from dynamic support levels into immediate overhead resistance hurdles.

BTC Technical Analysis: Historical Consolidation Zones from April to May

Analyzing the asset's trajectory over the past two months showcases a clear technical rhythm marked by three critical consolidation zones highlighted by green circles on the daily chart:

1. The Early April Foundation

In early April, Bitcoin established a definitive macro floor inside the $65,581 demand zone. This area saw massive accumulation, forming a "higher low" structure that laid the groundwork for the subsequent impulse wave.

2. The Early May Launchpad

As April turned into May, Bitcoin aggressively broke upward, using the daily moving averages as a launchpad. A brief consolidation near the mid-$70,000 zone flipped prior resistance into support, sparking the parabolic run that ultimately targeted the major liquidity pocket above $80,000.

3. The Current Mid-May Rejection

After peaking at the $82,800 horizontal resistance line, buyers exhausted their momentum. The daily candles printed a series of lower highs, forcing a breakdown beneath the moving averages. The current consolidation loop near $77,371 mimics past consolidation structures, determining whether bulls can engineer another structural rebound.

Why Is Bitcoin Dropping?

Supporting this structural view is the Relative Strength Index (RSI 14), which sits at a cool 46.96. This reading confirms that the extreme overbought conditions present during the run to $83,000 have been completely erased. The indicator has dipped below the 50-median line, confirming that short-term sellers hold the operational edge, though the asset is far from technically oversold.

This technical cooldown coordinates perfectly with shifted institutional sentiment. Spot Bitcoin ETFs saw over $1 billion in net weekly outflows for the first time since January, as macro traders cut risk profiles due to soaring bond yields and shifting timelines regarding Federal Reserve interest rate paths. Simultaneously, high liquidations on derivative platforms forced over-leveraged longs to unwind, compounding the spot price decline.

Bitcoin Support Levels to Watch: Technical Targets for Bulls and Bears

As Bitcoin fights to reclaim its bullish posture, two distinct scenarios present themselves on the daily timeframe:

• The Bullish Recovery Case: To nullify the immediate bearish momentum, buyers must drive daily candle closes back above the moving average cluster between $78,500 and $79,300. Reclaiming this zone would re-energize a run toward the $82,800 ceiling.
• The Bearish Continuation Case: The absolute line in the sand for the current bullish macro structure rests at the $76,086 horizontal support. A decisive break below this level could accelerate selling pressure, opening the door for a deeper correction toward the low $70,000s.

During periods of heightened daily volatility, executing trades on liquid and fundamentally sound platforms is imperative. Traders can verify fees and pairs using our updated crypto exchange comparison. For long-term market participants looking to insulate their assets from counterparty risk during market shakeouts, utilizing premium cold storage setups remains a gold standard; discover optimal models in our hardware wallets comparison.

As of May 19, 2026, the second-largest cryptocurrency by market capitalization is hovering at $2,116.7, leaving many retail and institutional investors asking a blunt question: Is Ethereum a bad investment?

To understand why sentiment has flipped so aggressively to the bearish side, one only needs to look at the historical comparisons circulating through the trading community. A popular visual contrast highlights Ethereum’s valuation exactly five years ago versus today.

At first glance, a 50% decline over a five-year horizon paints a grim picture for an asset often touted as "ultrasound money." However, evaluating whether an asset is a poor investment requires digging beneath the surface of raw price data into technical indicators, macroeconomic pressures, and on-chain health.

Is ETH Coin a Bad Investment?

Whether $Ethereum is a bad investment depends entirely on your trading time horizon and risk tolerance.

For short-term swing traders, ETH is currently exhibiting a highly volatile, bearish structure that carries significant downside risk toward the $2,000 support level. For long-term investors, however, historical data and on-chain fundamentals suggest this deep correction represents a classic cyclical re-accumulation phase rather than a permanent structural failure.

Ethereum Price Analysis over the Years

Looking at the multi-year ETHUSD chart, the asset has established a wide, macro-scale trading range. Following its peak near $4,946 earlier in the cycle, Ethereum has retraced roughly 57%, landing it back into the critical liquidity pocket between $2,000 and $2,300.

Key Support and Resistance Levels

• Immediate Support ($2,088): This represents the critical 0.5 Fibonacci retracement level. Daily and weekly candle closes must defend this area to prevent a deeper capitulation event.
• Psychological Floor ($2,000): If $2,088 fails to hold, the active impulse wave is highly likely to flush out leveraged long positions down to the flat $2,000 support mark.
• Primary Upside Target ($2,462 - $2,561): A successful defense of the current floor exposes a path to the 0.618 Fibonacci level, which acts as the initial validation gate for a structural trend reversal.

A significant silver lining on daily timeframes is the Gaussian Channel, which has recently flipped from purple (bearish) to green (bullish). Statistically, when ETH sits at the lower boundary of a green Gaussian Channel—similar to the market structure observed in mid-2025—it has historically served as a Launchpad for multi-month rallies.

Macroeconomic Headwinds: Why is Crypto Crashing?

The current downward trajectory of the broader crypto market is not happening in a vacuum. Ethereum’s price drop is heavily correlated with shifting global macroeconomic factors and sudden geopolitical escalations.

1. The Crude Oil Price Shock

The single biggest short-term headwind for Ethereum right now is the price of oil. Since late February, crude oil has surged over 66%, climbing from $65 to over $110 per barrel (Brent crude).

This massive energy spike triggers immediate inflation anxieties across traditional financial systems. When inflation threats loom, central banks—including the Federal Reserve—are forced to keep interest rates elevated for longer. This directly drains liquidity out of high-beta risk assets like technology stocks and cryptocurrencies. The inverse correlation between ETH and crude oil recently hit an all-time high of -0.40, showcasing exactly how macro factors are suppressing token valuations.

2. Geopolitical Tensions & Liquidations

Recent political friction in the Middle East has triggered widespread risk-off behavior. Warnings regarding stalled ceasefire talks led to over $580 million in overnight liquidations across the crypto market, forcing leveraged traders to sell off assets rapidly and driving the spot price of Ethereum straight through its $2,200 support floor.

Divergent On-Chain Data: Price vs. Ecosystem Health

While the spot price looks weak, Ethereum's underlying network fundamentals tell a completely different story. There is a glaring divergence between negative price action and positive ecosystem growth:

• Record Staking Participation: Despite ETH declining significantly year-to-date, the total supply of Ethereum locked in staking contracts has actually increased from 29% to 31%. Long-term holders are opting to earn yield rather than dump their tokens into the market.
• Supply Scarcity: This steady influx of staked capital actively removes millions of ETH from liquid circulation on cryptocurrency exchanges, lowering the structural sell pressure.
• Institutional Tokenization: Major financial institutions continue to deploy tokenized funds on the Ethereum mainnet. Financial analysts like Fundstrat's Tom Lee maintain that tokenization and the rise of decentralized, agentic AI applications will serve as the core structural drivers for Ethereum throughout the remainder of 2026.

Before executing a long-term strategy, investors should review their execution venue via an exchange comparison and ensure assets are secured using offline infrastructure, which you can verify in our comprehensive hardware wallets review.

Ethereum Price Prediction: What Lies Ahead?

The Bearish Case

If crude oil remains above $110 and institutional capital continues to flow out of spot ETH ETFs, the asset will likely lose the $2,088 Fibonacci support line. This will drag the price down to the psychological floor of $2,000, where a broader market panic could temporarily wick the price down to $1,850 to sweep liquidity.

The Bullish Case

If Ethereum successfully prints a daily close above the current $2,116 node and the broader markets stabilize from geopolitical shocks, a relief rally to $2,462 is expected via Elliott Wave analysis. In the longer term, assuming the green Gaussian Channel structure mirrors past cycles, the current $2,100 level could be remembered as a generational macro bottom before an eventual push toward five-digit valuations.

Verdict: Is Ethereum a Bad Investment?

Ethereum is not a bad investment, but it is currently a painful one.

The asset is caught in a macro-driven liquidity squeeze. However, given its structural deflationary mechanics, expanding institutional tokenization use cases, and a rising staking ratio that locks up supply, the token retains some of the strongest risk-adjusted upside potential in the digital asset sector. Investors looking to enter the market should avoid over-leveraged positions and focus on dollar-cost averaging (DCA) around key structural support zones.

Track real-time valuations and historic performance curves directly on our ETH-USD Ticker Page.

User funds remain safe after the incident, the prediction market platform said, with contracts and core infrastructure unaffected.

NEAR rallied by 45% this week on a series of upgrades positioning it as a potential settlement layer for AI agents and confidential finance.

The prediction market has reportedly appointed a representative in Japan as it aims to secure authorization to operate there by 2030.

Blockchain data firm Glassnode mapped the vulnerabilities embedded in Bitcoin’s existing supply, pointing to exchanges as a weak point.

Former Ethereum Foundation researcher Dankrad Feist appeared to take pointed shots Thursday at ETH co-founder Vitalik Buterin.

XRP is back at the growth trajectory as institutional investors are finally moving funds in.

Amid total ETF silence, Dogecoin whales accumulate 525 million DOGE in 96 hours to front-run a major 200-day moving average breakout for the first time in 2026.

Crypto community remembers legendary Bitcoin transaction that sparked financial revolution.

A suspected exploit tied to Polymarket’s Polygon infrastructure may have drained more than $520,000 in assets.

A social media move by Ripple veteran David Schwartz has unexpectedly revived an XRP mystery from 2013, touching on long-standing lore and Brad Garlinghouse rumors.

Key Takeaways

• Technical malfunctions forced SpaceX to abort the Starship V3 launch on May 21, with issues involving a hydraulic pin malfunction and water diverter system error
• The launch cancellation occurred hours after SpaceX submitted its IPO filing, which identifies Starship as the company’s primary risk element
• SpaceX has poured approximately $15 billion into developing the Starship system, with $3 billion allocated in 2025
• Another launch window is scheduled for Friday, May 22, at 5:30 p.m. CT from Starbase’s Pad 2 in Texas
• More than one million viewers tuned in to watch the aborted launch, with Musk noting the team continues to gain valuable insights

SpaceX was forced to cancel the inaugural launch of its Starship V3 rocket on May 21, terminating the countdown mere minutes before scheduled liftoff following multiple technical malfunctions. The cancellation coincided with the company’s submission of documents for what may become one of the most significant initial public offerings ever recorded.

The mission would have marked the 12th overall Starship test flight and the inaugural launch from the newly constructed Pad 2 at SpaceX’s Starbase complex near Brownsville, Texas. Technical complications emerged when the countdown clock reached the 40-second mark.

Engineers identified three distinct malfunctions. A water diverter system on the launch platform experienced an error, the quick-disconnect mechanism connecting the rocket to ground infrastructure encountered a fault, and a hydraulic retraction pin on the tower arm failed to withdraw properly.

SpaceX exhausted the available time window to address these complications and ultimately scrubbed the attempt. Elon Musk announced via X that pending resolution of the pin malfunction, a subsequent launch window would open on May 22 at 5:30 p.m. Central time.

Understanding Starship V3

Starship V3 represents SpaceX’s newest iteration of its massive rocket architecture, measuring 408 feet in total height when the booster and upper stage are stacked. The first-stage booster is equipped with 33 Raptor engines generating over 8,000 tons of thrust.

Musk has stated that “almost every part of Starship V3 is different from V2.” The upgraded design incorporates a restructured propellant system engineered to enable simultaneous ignition of all engines at increased speed.

The mission profile called for deploying 20 experimental Starlink satellites and evaluating the performance of the rocket’s thermal protection tiles during atmospheric reentry. The booster was programmed to execute a landing on a floating platform positioned off the Texas shoreline.

IPO Documents Submitted Hours Earlier

SpaceX submitted its IPO prospectus on May 21, coinciding with the canceled launch. The aerospace company is pursuing a June IPO expected to generate tens of billions in capital and potentially establish a corporate valuation exceeding $2 trillion.

Within its regulatory filing, SpaceX positioned Starship as fundamental to its future expansion strategy. Simultaneously, the company designated the rocket program as its principal risk factor.

SpaceX has committed roughly $15 billion to Starship development through the current date, with $3 billion expended during 2025 exclusively. After three years of flight testing, the vehicle has yet to transport any commercial payload satellites.

Previous test missions have resulted in catastrophic failures. A June 2025 explosion generated sufficient force to rattle residential structures several miles distant. Falling debris from another test flight caused disruptions to commercial aviation corridors across the Caribbean region.

Over one million spectators watched Thursday’s aborted countdown via live stream. SpaceX emphasized that the engineering team continues to extract significant knowledge from each launch attempt.

The post SpaceX Starship V3 Launch Scrubbed: Technical Failures Halt May 21 Attempt appeared first on Blockonomi.

Key Takeaways

• TSLA shares have declined approximately 1.2% this week, hovering near $417 for a consecutive weekly decline
• Expected regulatory approval for FSD in China has yet to materialize, eliminating a significant catalyst
• The SpaceX IPO prospectus references Tesla almost 90 times, redirecting market attention
• Company insiders have offloaded more than 83,000 shares valued at roughly $32.2 million over three months
• First quarter earnings per share exceeded forecasts at $0.41, though revenue of $22.39B fell short of $22.96B expectations

Tesla (TSLA) appears headed toward a second straight weekly decline, with shares sliding about 1.2% during the current trading week following a 1.4% retreat the previous week. In Friday’s premarket session, TSLA changed hands around $417.30.

Tesla, Inc., TSLA

The electric vehicle manufacturer’s shares have exhibited sideways movement recently. Year-to-date performance shows a 7% decline, though the stock maintains a 23% gain across the trailing twelve months. The annual trading range extends from $273.21 to $498.83.

Tesla experienced upward momentum in early May driven by anticipation that Chinese regulators would authorize its AI-powered Full Self-Driving technology. With that approval still pending, the stock has surrendered those gains.

The automaker currently serves approximately 1.3 million subscribers in the United States who pay $99 monthly for FSD access. Securing Chinese regulatory clearance would unlock a substantial new market for this subscription-based revenue model.

SpaceX Market Debut Captures Attention

SpaceX submitted its initial public offering documents on Wednesday, immediately drawing scrutiny from Tesla shareholders. The registration statement contains nearly 90 references to Tesla, revealing deeper operational connections than previously understood by many investors.

The two enterprises share board representation, are co-developing an artificial intelligence digital assistant platform, and are constructing a “Terafab” semiconductor manufacturing facility alongside Intel. Tesla has additionally supported SpaceX through procurement activities and promotional efforts on X.

Tesla maintains an equity position of 19 million SpaceX shares, acquired through its prior investment in xAI, which completed a merger with SpaceX this past February. The filing indicates intentions to “explore other areas of strategic collaboration with Tesla in the future.”

Elon Musk’s personal holdings include 6.4 billion SpaceX shares. Based on recent private transaction valuations near $130 per share, this position approaches $800 billion in value. By comparison, his Tesla stake—exceeding 700 million shares when including vested options—carries an approximate $300 billion valuation.

Executive Stock Sales and Financial Results

Regarding quarterly performance, Tesla delivered Q1 earnings per share of $0.41, surpassing the Street consensus of $0.39 by two cents. Quarterly revenue reached $22.39 billion, representing 15.8% year-over-year growth, yet trailing analyst projections of $22.96 billion.

Insider transaction activity has tilted toward selling. Chief Financial Officer Vaibhav Taneja disposed of 3,000 shares on May 13 at $450 per share, generating $1.35 million in proceeds. This transaction satisfied tax withholding requirements associated with equity compensation vesting. Board member Kathleen Wilson-Thompson sold 26,409 shares on April 30 at $378.11 each, producing proceeds approaching $10 million.

Across the most recent 90-day period, company insiders have collectively sold 83,213 shares generating approximately $32.2 million.

Analyst sentiment remains divided on the stock. Among 41 analysts monitored by MarketBeat, 19 maintain Buy ratings, 17 assign Hold ratings, and five recommend Sell. The consensus price target stands at $395.20—representing downside from current trading levels.

Tesla has also announced a recall affecting 14,575 Model Y vehicles in the United States due to absent weight certification labeling. The stock currently trades at a price-to-earnings multiple of 383, with total market capitalization of $1.57 trillion.

The post Tesla (TSLA) Stock Slips as SpaceX IPO Diverts Market Attention appeared first on Blockonomi.

Key Highlights

• The greenback climbed to its strongest level in six weeks amid uncertainty surrounding U.S.-Iran diplomatic negotiations
• Marco Rubio, the U.S. Secretary of State, indicated “some good signs” in discussions, though significant differences persist between the two nations
• Positive U.S. economic indicators—including declining unemployment claims and manufacturing activity hitting a four-year peak—bolstered the currency
• Japan’s currency weakened beyond 159 against the dollar, erasing most gains from Tokyo’s recent market intervention efforts
• Currencies in emerging markets, particularly Turkey’s lira and Indonesia’s rupiah, experienced significant downward pressure

The greenback maintained its position close to a six-week peak on Friday as mixed messages from diplomatic discussions between Washington and Tehran created volatility in foreign exchange markets.

Disputes continued between the United States and Iran concerning Tehran’s uranium reserves and authority over the Strait of Hormuz. Despite these challenges, Secretary of State Marco Rubio noted that negotiations had produced “some good signs.”

The dollar index advanced 0.17% to reach 99.37, hovering near its recent high of 99.515—a level not seen since early April.

The European common currency declined 0.2% during the trading session to $1.1594, heading toward its second consecutive weekly decline. Sterling edged down slightly to $1.342, despite UK data revealing that retail sales experienced their sharpest contraction in nearly twelve months during April.

Robust American economic releases provided additional support for the dollar. Unemployment benefit applications decreased last week, while manufacturing sector activity in the U.S. surged to its strongest reading in four years during May.

Tony Sycamore, a market analyst at IG, said the conflict is no closer to resolution. “I still feel like the risks are for the U.S. dollar to go higher, because I really just don’t see a way out of this situation in the Middle East without them sort of needing to be more forceful,” he said.

Japan’s Currency Weakens Despite Central Bank Action

The Japanese currency extended its decline past the 159 mark against the dollar on Friday, trading 0.1% lower at 159.09. Japan’s currency has now surrendered approximately 75% of the appreciation it gained following suspected recent market intervention by Tokyo officials.

Matthew Ryan, head of market strategy at Ebury, said the risk of further intervention is rising. “Officials have indicated that there is no real limit as to how much, or how often, they can step in to protect the currency,” he said.

Japan’s core inflation decelerated to a four-year low during April, creating a complex situation for the Bank of Japan regarding monetary policy adjustments. The BOJ is anticipated to implement rate increases cautiously, while other major central banks such as the European Central Bank are positioned to act more aggressively—leaving the yen at a competitive disadvantage.

Measured on a trade-weighted basis, Japan’s currency has fallen to unprecedented lows. While this benefits Japanese companies selling products abroad, it intensifies the impact of energy costs, given Japan’s substantial dependence on foreign imports.

Developing Market Currencies Under Siege

Currencies throughout developing Asian economies faced downward pressure this week as global oil prices surged.

Indonesia declared that all exporters of natural commodities must deposit 100% of their export proceeds in government-controlled financial institutions beginning June 1. The policy aims to increase domestic dollar availability and support the rupiah.

Nigel Foo, head of Asian fixed income at First Sentier Investors, said the rupiah had been “under tremendous pressure.” He added that Indonesia’s economic fundamentals had “clearly been deteriorating.”

Turkey’s currency plunged to all-time lows against the dollar on Friday following an unfavorable court decision affecting the nation’s primary opposition political party.

Lee Hardman, currency strategist at MUFG, said the best outcome for the yen—and many other currencies—would be a quick resolution to the Iran conflict. “Even if it just got back down into the mid 150s, that would probably be the best they can hope for right now,” he said.

The post Greenback Surges to Six-Week Peak Amid Iran Tensions and Robust Economic Indicators appeared first on Blockonomi.

Key Highlights

• Workday stock climbed more than 7% following impressive Q1 results that surpassed earnings and subscription revenue projections, calming concerns about AI-related disruption
• Zoom boosted annual guidance while showcasing robust AI product uptake, propelling shares approximately 8% higher
• IBM continued its upward momentum after unveiling Anderon, a quantum computing foundry supported by $2 billion in capital
• Imax shares soared 14% amid reports the company is considering potential sale opportunities to entertainment sector buyers
• Take-Two Interactive gained ground following the confirmation that Grand Theft Auto 6 will debut on November 19

Workday posted impressive first-quarter performance, exceeding analyst projections across earnings, revenue, and subscription metrics. The company reported adjusted earnings of $2.66 per share alongside revenue totaling $2.54 billion. Subscription revenue demonstrated year-over-year expansion of 14.3%, reaching $2.35 billion.

The enterprise software provider also upgraded its full-year adjusted operating margin forecast. Leadership attributed the positive results to accelerating traction in AI initiatives and broader enterprise platform deployment.

Zoom also delivered impressive first-quarter figures, posting adjusted earnings of $1.55 per share. The company saw enterprise revenue advance 7.2% and elevated its full-year revenue projection to a range of $5.08 billion to $5.09 billion.

Zoom Communications, Inc., ZM

Chief Executive Eric Yuan noted a remarkable 184% increase in paid AI Companion subscribers. This substantial surge in AI-powered product engagement contributed to the approximately 8% premarket share price gain.

IBM’s Quantum Computing Initiative

IBM advanced 2.4% on Friday, building on the previous day’s gains when it closed more than 12% higher. The rally followed IBM’s announcement of Anderon, an independent quantum computing foundry.

Both IBM and the U.S. Commerce Department will inject $1 billion each into this venture. The strategic move solidifies IBM’s position at the forefront of quantum computing infrastructure development.

Imax experienced a 14% surge after reports emerged in the Wall Street Journal that the company is evaluating sale possibilities. Sources indicated that Imax has engaged with entertainment industry players as prospective acquirers.

Consumer Retail and Gaming Sector

Ross Stores exceeded first-quarter revenue and profit forecasts while upgrading its annual guidance. Shares rose 5.8%. The discount retail chain continues to draw budget-conscious consumers seeking value.

Take-Two Interactive officially announced November 19 as the release date for Grand Theft Auto 6. Industry analysts at Oppenheimer forecast sales of approximately 40 million copies during fiscal 2027. The highly anticipated title is anticipated to generate positive ripple effects for hardware manufacturers and gaming platforms, including Sony, Microsoft, and Nvidia.

Estee Lauder shares jumped 10% following the termination of merger discussions with Spain-based Puig Brands. Neither party disclosed specific reasons for abandoning the potential transaction.

Booz Allen Hamilton increased 5.3% after reporting adjusted earnings of $1.78 per share for its fiscal first quarter, surpassing the $1.34 analyst consensus. However, revenue declined 6.4% year-over-year to $2.78 billion, falling short of the $2.87 billion projection.

NervGen Pharma emerged as the session’s largest decliner, dropping 22% after announcing a public offering of 24 million shares priced at $2.50 apiece. The biotechnology firm anticipates generating approximately $60 million in gross proceeds to support ongoing clinical development programs.

Stock index futures traded higher Friday morning as market participants monitored developments in U.S.-Iran diplomatic negotiations, which have contributed to reduced anxiety regarding potential global oil supply interruptions.

The post Friday Premarket Winners: Workday (WDAY), Zoom (ZM), and IBM (IBM) Stock Rally on Strong Results appeared first on Blockonomi.

Key Highlights

• NVentures, the corporate venture division of Nvidia, has participated in Alice & Bob’s €100 million Series B funding round.
• The French quantum computing company specializes in “cat qubit” technology designed to minimize computational errors in quantum architectures.
• A strategic partnership between Nvidia and Alice & Bob has been active since 2024, leveraging platforms like CUDA-Q, cuQuantum, and NVQLink.
• This investment arrives on the heels of the Trump administration’s pledge to deploy $2 billion in government equity across nine quantum technology firms.
• Analyst consensus on NVDA remains Strong Buy, with a mean price target of $299.97 representing approximately 36.6% potential gains.

Nvidia (NVDA) recently finished trading with Street analysts projecting a $299.97 average price objective over the next twelve months, suggesting 36.6% appreciation potential. The tech giant is now extending its reach far beyond traditional GPU and artificial intelligence operations.

NVIDIA Corporation, NVDA

The venture capital division of Nvidia has committed capital to Alice & Bob, a Paris-based quantum computing pioneer developing fault-tolerant systems. This investment completes a €100 million Series B financing round for the European technology firm. Specific investment amounts from Nvidia remain undisclosed.

Alice & Bob’s technical strategy revolves around “cat qubit” architecture — an innovative approach engineered to address error correction, which represents the most significant obstacle facing quantum computing development. The company combines advanced hardware engineering with sophisticated software to deliver quantum systems capable of practical, large-scale deployment.

This represents a continuation of an existing strategic alliance. Nvidia and Alice & Bob initiated their collaborative efforts in 2024. The partnership encompasses integration with Nvidia’s CUDA-Q quantum computing platform, its cuQuantum software development kit, Alice & Bob’s publicly available Dynamiqs simulation framework, and the NVQLink connectivity protocol.

Théau Peronnin, Chief Executive Officer of Alice & Bob, emphasized that this investment validates a unified vision where next-generation quantum architectures will require seamless integration between quantum processors and classical computing infrastructure. Essentially, Nvidia’s semiconductor technology remains critical even as quantum capabilities advance.

Federal Government Commits $2 Billion to Quantum Sector

The strategic timing carries significance. The current administration recently unveiled intentions to acquire $2 billion in equity positions spanning nine quantum technology enterprises. Commerce Secretary Howard Lutnick characterized the initiative as essential for establishing a robust domestic quantum supply infrastructure and maintaining technological superiority over China.

Nvidia’s strategic investment in Alice & Bob aligns with this broader policy landscape — although the decision stems from independent corporate strategy rather than direct governmental directive.

Investment Implications for NVDA Shareholders

For equity holders focused on immediate financial performance, this transaction will have minimal impact on quarterly results. Quantum computing technology remains multiple years from achieving widespread commercial viability. However, Nvidia is strategically positioning itself as essential infrastructure regardless of how quantum computing ultimately evolves.

The corporation already commands a dominant position in artificial intelligence datacenter infrastructure. The Alice & Bob investment signals ambitions for comparable positioning in quantum computing — providing the classical computational foundation that quantum hardware will require for operation.

Wall Street sentiment toward the stock remains overwhelmingly positive. Among 42 analyst recommendations published within the last three months, 40 rate the stock as Buy, alongside one Hold and one Sell rating. The consensus twelve-month price objective stands at $299.97.

Alice & Bob announced that Series B proceeds will finance ongoing development of fault-tolerant quantum computing systems while supporting expansion of its technical workforce.

The post Nvidia (NVDA) Quantum Investment: NVentures Backs Alice & Bob in €100M Round appeared first on Blockonomi.

Kevin Warsh is set to be sworn in as the seventeenth Federal Reserve Chair at the White House on Friday, May 22, with President Trump administering the oath.

Analysis published by XWIN Research Japan identifies the specific on-chain signals most likely to move first as markets begin pricing in what a Warsh-led Fed actually means for Bitcoin.

Coinbase Premium and Exchange Netflows Are the Ones to Watch

XWIN’s analysis, published on May 22, centers on a specific risk that most crypto commentary has missed. The concern is not whether Warsh cuts rates or holds them, but rather what he intends to do with the Fed’s balance sheet.

During his Senate Banking Committee testimony, Warsh said the Fed’s balance sheet is too large, should shrink, and that the central bank has no business holding long-term Treasuries.

That is quantitative tightening, and XWIN argued that it works differently from rate policy. This is because rather than adjusting the price of money, it reduces the quantity of liquidity in the system directly.

The scenario XWIN flagged as uncomfortable is one where short-term rates fall while long-term yields rise at the same time. That combination has historically had a strong negative impact on risk assets.

And it matters for BTC because the asset is no longer behaving like a crypto-native instrument, considering that ETF adoption, institutional participation, and derivatives market growth have made it sensitive to global liquidity conditions in a way previous cycles were not.

For the flagship cryptocurrency, the first place that stress would likely show up is the Coinbase Premium, which tracks US institutional spot demand.

According to XWIN, if expectations for prolonged quantitative tightening build, institutional buying appetite may soften before anything registers in price, and a Coinbase Premium turning negative would be the earliest readable sign of that change.

The second indicator the analysts urged traders to monitor is Bitcoin exchange netflows. Rising inflows to exchanges tend to signal defensive repositioning, with holders moving assets onto platforms where they are easier to sell. A risk-off environment under the new Fed regime, XWIN argues, could trigger exactly that pattern among short-term holders.

What If BTC Draws Capital Under Tight Conditions?

According to XWIN, BTC’s recent structure has been driven mostly by leveraged positions rather than by any real buying. That is something investors should watch out for, too, considering that when such happens, it means that rallies only reflect short-covering rather than new capital coming in.

However, the research firm also allowed for a different outcome. According to them, if ETF inflows recover, exchange reserves keep falling, and Coinbase Premium turns positive again, it would suggest that Bitcoin is drawing capital even under structurally tighter conditions. This would be because the cryptocurrency sits outside the fiat system, being reined in.

At the time of writing, the asset was trading just above $77,000, having earlier dumped to a three-week low near $76,000, with attempts at recovery stopped at $78,000.

The post Warsh Era Begins at Fed: Two On-Chain Signals Bitcoin Traders Must Watch appeared first on CryptoPotato.

Although it continues to have its fair share of non-believers, doubters, and critics, many of whom are within the broader Pi Network ecosystem, the team behind the project insists that it does certain aspects better than (almost) all other digital asset protocols.

In the latest post on X on the matter, the Core Team highlighted one of the key components of their infrastructure that is a better version of their counterparts.

Pi Says it Again

The problem itself was also targeted by Pi Network’s co-founder, Dr. Chengdiao Fan, at the 2026 Consensus conference in Miami. During her speech, she doubled down:

“Tokens issued advanced financial mechanisms running, but there is a lack of underlying utility and substance. There are tokens used mostly to raise capital without actually [providing] product innovation. People have too easy and immediate access to capital without actually doing the hard work to finish the building. There’s too much value extraction without equivalent value creation in the crypto space.”

Instead, she and the team claim that Pi Network has undertaken a contrasting approach as its own token can be “treated as tools that can support user acquisition, product engagement, and long-term utility.”

She added that Pi uses crypto tools, including payment ability to issue tokens and smart contracts, and aligns them to address and fix the ‘quick exits’ problems.

As mentioned above, the team made a similar claim last month, highlighting the issue while simultaneously indicating that 1 million verified users on Pi is not the same as 1 million users on other networks, since they have a more thorough verification process.

Enter Pi Launchpad

All of the above led to one of Pi’s solutions to this problem: the Pi Launchpad. The team described it as their design for “ecosystem tokens and launch mechanisms that aim to help products acquire real users who engage, provide feedback, and use those tokens within actual product experiences.”

As with a few other of the broader Pi Network products in recent months, Pi Launchpad will have a touch of artificial intelligence in it, as “AI makes it easier to build applications,” and the limiting factor “is no longer creation.”

However, it added that it operates as a combination of AI, blockchain infrastructure, innovative token and launch mechanisms, identity verification, and a large, engaged network of “real users” to directly address the gap in distribution and usage.

The post Pi Network Says It Has Solved One of Crypto’s Biggest Problems appeared first on CryptoPotato.

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH)

Ethereum closed the week in the red with a 6% loss after the price fell from its ascending channel. This is a bearish breakdown that could see the asset revisit the support at $2,000 in the coming week.

If the support at $2,000 doesn’t hold, the bulls will likely retreat to $1,800, a level that has held well in the past despite significant pressure from sellers. The current resistance is at $2,400 and has rejected the price several times.

Looking ahead, this cryptocurrency retains a bearish momentum on higher timeframes. This makes lower lows likely. On the other hand, the sell volume in this breakdown is declining, indicating a lack of interest from bears. This could allow bulls to return at the $2,000 support.

Ripple (XRP)

XRP fell by 7% this week after sellers rejected it at around $1.5. Since then, the bears have taken control and may soon push the price below the pennant in blue on the chart. If so, the downtrend will be reconfirmed with new lows likely.

The most important support levels are found at $1.2 and $1. Should the price fall below the pennant, a test of these levels becomes likely. The current resistance is at $1.6 and has rejected any attempts at a breakout.

Looking ahead, XRP may make new lows as its downtrend that started in July 2025 is still ongoing. Without a major break above $1.6 or even $2, it’s not possible to talk about a possible bottom and reversal.

Cardano (ADA)

ADA tried to rally, but failed and closed the week with a 6% loss. This comes after sellers rejected the price at the $0.28 resistance. Since then, this cryptocurrency fell back towards its key support at $0.24.

Should buyers not return soon, a retest of the key support would be interpreted as a bearish signal and weakness in the price action. Cardano has been moving sideways above $0.24 for months without any successful breakout.

Looking ahead, this cryptocurrency is walking a very thin line, which could cause it to drop below the key support. If so, new lows would open at $0.20 and $0.15, levels not seen since 2021.

Binance Coin (BNB)

BNB has been in a flat trend for months, stuck between the support at $580 and the resistance at $690. There were two attempts to break the key resistance, but both were rejected. This is why this cryptocurrency closed this week with a 4% loss.

If buyers don’t up their pressure soon, then the price is likely to slowly fall back to the key support. A break below that would open the way for sellers to aim for $500 next.

Looking ahead, Binance Coin remains in a downtrend that started in October 2025, after its all-time high at $1,300. This current sideways movement could be just a pause before lower lows resume.

Hype (HYPE)

HYPE was the undisputed leader this week after its price rallied by 30% to make a new record at $62.5. This impressive performance comes after the price cleared the resistance at $43. Since then, it has been up only.

This recent rally makes this cryptocurrency one of the very few altcoins that managed to triple in price since the lows from January, around $20. While most altcoins were in a bear market, HYPE rallied aggressively.

Looking ahead, the price may enter a pullback after touching $60, with good support found around $52. However, that level may not be tested if bulls remain aggressive and send this cryptocurrency higher yet again.

The post Crypto Price Analysis May-22: ETH, XRP, ADA, BNB, and HYPE appeared first on CryptoPotato.

Popular on-chain sleuth ZachXBT warned earlier today that an admin address of Polymarket appeared to have been compromised on the Polygon blockchain.

At first, he noted that the stolen amount was around $520,000. However, follow-up updates from Bubblemaps and Lookonchain explained that the actual amount might have surpassed $600,000.

2/ @zachxbt was the first to share the exploit and identify that it was a Polymarket UMA CTF adapter contract.

The attacker has already split the funds across 15 addresses.

More updates soon.

Attacker address: https://t.co/G9sNVvunkT

— Bubblemaps (@bubblemaps) May 22, 2026

The attacker split the funds across 15 addresses after exploiting Polymarket’s UMA CFT adapter contract.

Polymarket’s Shantikiran Chanal acknowledged the attack on X, saying that the team is “aware of the security reports linked to rewards payout” before adding that “user funds and market resolutions are safe.”

Chanal also explained that the team is investigating whether any other internal secrets may have been affected and that they are rotating their backend services.

The post Polymarket Admin Wallet Exploited on Polygon, Says ZachXBT appeared first on CryptoPotato.

Every May 22, the crypto industry remembers and celebrates a trade that sparked a financial revolution: 10,000 bitcoins (BTC) for two Papa John’s pizzas. That one trade, although trivial at the time, marked the first known real-world transaction using BTC.

Today marks Bitcoin Pizza Day’s 16th anniversary, and it’s a good time to assess how far the digital assets landscape has evolved. But before we get to measuring, let us recap the story of how a man spent thousands of coins, currently worth hundreds of millions of dollars, on two boxes of pizza.

Pizza Day’s 16th Anniversary

The year was 2010 when Floridian programmer and early BTC adopter Laszlo Hanyecz ordered two pizzas from Papa John’s to be delivered to his home. At the time, BTC was worth $0.0041, so the purchase cost Hanyecz $41; however, BTC hit $1 nine months after the transaction, increasing the cost to $10,000.

As it’s more than evident now, BTC did not stop there. Over the following years, the leading digital asset went on to hit an all-time high (ATH) after another. As of 2024, 10,000 BTC was worth $690 million. In 2025, the assets were valued at $1.1 billion, given bitcoin’s price of $111,000 at the time.

It is worth noting that last year’s Bitcoin Pizza Day was celebrated during the bull market, and BTC hit an ATH on that day. At the peak of the bull run in October, BTC surged to $126,200, bringing the value of 10,000 BTC to $1.26 billion.

Unfortunately, this year’s Pizza Day comes at a time when the bears are in control, and bitcoin’s momentum is low. Regardless, the 10,000 BTC from the pizza purchase 16 years ago is currently valued at more than $770 million, per current prices. Data from CoinMarketCap shows BTC trading around $77,360 at press time.

Bitcoin’s Growth in 16 Years

The current value of those Papa John’s pizzas reflects how much Bitcoin as an asset and a network has grown. From adoption to recognition to network development, the asset has come a long way.

A growing number of vendors and merchants now accept BTC as payment, and the asset is increasingly integrated into modern wealth portfolios and institutional frameworks. The crypto industry has grown alongside Bitcoin, and leading financial networks are jumping on the bandwagon.

Meanwhile, 10,000 BTC could only afford two pizzas 16 years ago, but that is not the case today. With $770 million, one can access multiple luxury items, property, and experiences today.

The post Bitcoin Pizza Day 2026: Commemorating Crypto’s First Real-World Transaction appeared first on CryptoPotato.