Category: crypto

Bitget is launching preOPAI on IPO Prime, offering users a token linked to OpenAI’s potential future listing. The token does not represent direct equity in the company. The sale opens on May 12 at $725 per token, with a total subscription value of $21.08 million. Holders do not own real shares of OpenAI.

Circle reported a 20% increase in revenue and reserve income for Q1 2026, reaching $694 million. USDC circulation was $77 billion and on-chain transaction volume rose significantly. The company raised $222 million for Arc from investors. Circle also introduced new tools for USDC-based payments and plans to add quantum-resistant features to Arc in 2026.

FBI Director Kash Patel stated that artificial intelligence is now essential in the bureau’s operations, including threat detection and tip review. This push for AI comes as crypto crime and AI-driven fraud are increasing. Patel’s comments highlight the FBI’s modernization efforts and the need for oversight in using AI for law enforcement.

Ripple’s prime-brokerage unit has secured $200 million in financing from Neuberger Berman to expand margin services for institutional investors. The funding will support margin trading across various markets, following Ripple’s Hidden Road acquisition, aiming to provide a single structure for supporting all major asset classes through a credit line.

Strategy acquired 535 Bitcoin for $43 million, increasing their total holdings to 818,869 BTC. Michael Saylor mentioned potential Bitcoin sales for dividends. Despite a Q1 loss, Strategy continues to invest in Bitcoin. The company has spent $61.86 billion on Bitcoin, maintaining a positive BTC yield. Strategy remains under scrutiny for its Bitcoin strategy.

Morgan Stanley’s spot bitcoin ETF, MSBT, had no net outflows in its first month of trading. It attracted $103 million in inflows within six trading sessions. The ETF’s low fees and strong trading performance set it apart from competitors. Most early investors were self-directed, but MSBT aims to attract more advisors.

Over 600 current and former OpenAI employees sold shares in October 2025, with about 75 reaching the $30 million sale cap. The sale totaled $6.6 billion, valuing OpenAI at $400 billion. The company is preparing for a possible public listing and expanding into financial services. Crypto-linked products are also gaining exposure to OpenAI equity.

Bank of England Governor Andrew Bailey warned of potential clashes between global regulators and the United States over the governance of stablecoins in international payment systems. Bailey expressed concerns about the redeemability of dollar-backed stablecoins during market stress and emphasized the need for common regulatory standards. Bailey’s comments highlighted the risks associated with stablecoins and…

Crypto.com’s UAE entity, Foris DAX Middle East FZE, has received a Stored Value Facilities license from the Central Bank of the UAE, making it the country’s first Virtual Asset Service Provider with this license. This allows Dubai residents to pay government fees with virtual assets through Crypto.com’s regulated platform.

Renegade.fi recovered $190,000 after a white hat hacker exploited a vulnerability in its Arbitrum dark pool and returned over 90% of the stolen assets. The exploit was due to faulty code deployment and migration in April 2025. The incident has raised concerns about DeFi infrastructure security and the need for better design.