Crypto Update

The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate and House races, with the majority going toward to support a Texas Republican candidate. In a Tuesday filing with the US Federal Election Commission (FEC), Fellowship PAC…

In brief U.S. Army soldier Gannon Ken Van Dyke was charged with five federal crimes, including commodities fraud and unlawful use of classified information Van Dyke allegedly profited $409,881 from 13 Polymarket bets totaling $33,034 between December 26, 2025 and January 2, 2026. The bets involved classified intelligence about Operation Absolute Resolve targeting former Venezuelan…

Global crypto adoption declined in the first quarter as retail activity weakened under mounting macroeconomic and geopolitical pressures, underscoring the sector’s continued sensitivity to broader market conditions. TRM Labs’ Q1 Global Crypto Adoption Index showed an 11% year-over-year drop in retail crypto volumes, to $979 billion. The decline marked a second consecutive quarterly contraction and…

Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain. Ether (ETH) struggled to trade above $2,400 on Thursday, but consistent inflows into Ethereum spot exchange-traded funds (ETFs)…

In brief Anthropic’s shares are trading at $1 trillion on secondary platforms like Forge Global, overtaking OpenAI which sits at $880 billion on the same venue. The company’s annualized revenue soared from $9 billion in late 2025 to $30 billion by March 2026—a 233% jump in a single quarter, driven primarily by Claude Code adoption….

In brief Google unveiled the AI-powered Maps Imagery Grounding on Wednesday at Cloud Next. The tool lets filmmakers generate AI visuals based on real-world Street View locations. Hollywood remains divided over AI’s role in filmmaking. Hollywood location scouts may soon be able to do more of their work from a laptop, thanks to artificial intelligence….

Anchorage Digital has integrated Marinade Finance into its platform, allowing institutional clients to stake Solana tokens through automated validator strategies while maintaining custody of their assets. According to Thursday’s announcement, the integration gives clients direct access to Marinade’s staking strategies within Anchorage’s custody and wallet infrastructure, including its Porto self-custody wallet, without requiring external applications….

In brief Meta plans to cut 10% of its workforce, or roughly 8,000 employees, according to the New York Times. The Facebook and Instagram parent company has pivoted strongly towards AI investment. Other tech firms have similarly announced large layoffs tied to the rise of AI tools. Meta informed workers of sweeping layoffs Thursday, the…

In brief Space and Time launched Dreamspace after 34,000 apps were created in beta. The AI tool generates, audits, and deploys smart contracts and front ends. Dreamspace is built for Ethereum-compatible blockchains, with Base as the default. The Microsoft-backed blockchain network Space and Time on Thursday launched Dreamspace, an AI-powered app builder designed to let…