Historically, crypto markets have been driven by a dominant narrative. Not today. In one corner, miners are trying to break free of four-year cycles. IREN is being recast as an AI infrastructure company, with analysts pointing to data centers and compute demand as the real growth engine. In another corner, BitMine is doing the exact…
In brief Riot Platforms’ total quarterly revenue reached $167.2 million in Q1 2026, up from $161.4 million year-over-year. Data center revenue totaled $33.2 million in its first quarter of operations, while AMD exercised an option for additional capacity. Bitcoin mining revenue fell to $111.9 million from $142.9 million in Q1 2025 amid lower prices and…
In brief Ethereum ETFs posted $184 million in outflows over four straight days through April 30. Bitcoin ETFs also shed $476 million over the same period, but saw a $14.76 million inflow Thursday. Myriad users see a 55% chance Ethereum hits $3,000 next, up from 46% on Monday. Ethereum exchange-traded funds extended their losing streak…
In brief MoonPay launched the MoonAgents Card, a virtual Mastercard debit card letting AI agents spend stablecoins directly from crypto wallets at any online Mastercard merchant. The card converts crypto to fiat at the point of purchase without requiring pre-loaded custodial funds, and users can revoke agent spending access at any time. Currently live in…
In brief Tether reported $1.04 billion in Q1 2026 profit. The USDT issuer said it has also grown its reserve buffer to a record $8.23 billion. The company claims it holds $141 billion in U.S. Treasuries, though these figures have not yet been fully audited. Tether reported more than $1 billion in profit for the…
Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies. Crypto VC funding fell to $659 million across 63 funding rounds in April, down 74% from the $2.6 billion seen across 84 rounds in March, according to Cryptorank data. This brings the total…
Decentralized finance (DeFi) protocols are stepping in to freeze stolen funds while centralized issuers face criticism for holding back. A recent intervention on Arbitrum saw attacker-linked assets frozen after a major exploit, while some stablecoin issuers, including Circle, have faced public backlash for slower or more limited responses in similar situations. Connor Howe, CEO and…
In brief Shuttle Pharmaceutical Holdings agreed to acquire United Dogecoin in a merger backed by $11 million PIPE financing. The combined company plans to deploy 3,000 ElphaPex mining rigs within 60 days of deal closing. Operation aims to capture 1.5% of global Dogecoin mining capacity at 43,200 GH/s hash rate. Nasdaq-listed Shuttle Pharmaceutical Holdings agreed…
Dogecoin (DOGE) has outpaced the broader crypto market over the past month, rising roughly 18% versus the market’s 10% gain, as whale accumulation and a bullish chart setup hint at a potential bottom. DOGE/USDT vs. TOTAL crypto market cap 30-day returns. Source: TradingView Key takeaways: DOGE whale holdings hit a record high as large transactions…
Senators Elizabeth Warren (D-MA) and Ron Wyden (D-OR) have written to Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino, requesting information about loans made by the stablecoin firm to a trust that Lutnick’s children benefited from. Bloomberg reported in March that Lutnick sold his stake in Cantor Fitzgerald, a financial services firm, to his…