Category: crypto

Kraken’s parent company Payward is acquiring Hong Kong-based Reap Technologies for $600 million in cash and stock, valuing Payward’s stock at $20 billion. The acquisition is aimed at expanding Kraken’s presence in Asia and tapping into the growing demand for stablecoin-based payment infrastructure in the region.

Core Scientific sold $208 million in bitcoin in Q1 2026 to fund its shift to AI data center operations, as colocation revenue surpassed mining for the first time. The company reported a net loss of $347.2 million, driven by non-cash impairment charges on mining assets. Bitcoin mining activity will continue to wind down through 2026.

SoFi’s crypto unit generated $121.6 million in revenue in Q1 2026, with $120.7 million in costs. This resulted in only $852,000 in net crypto income. SoFiUSD, a stablecoin launched by SoFi, faces regulatory challenges under the GENIUS Act. Overall, SoFi’s Q1 results were strong with net revenue reaching $1.1 billion.

Michael Saylor’s strategy involves converting Bitcoin into digital credit (STRC) and digital equity (MSTR), creating a three-layer capital stack with BTC as a reserve asset, STRC as a credit layer, and MSTR as an equity layer. STRC has grown into an $8.5 billion digital credit product in under a year.

American Bitcoin reported an $81.8 million net loss in Q1 2026 despite setting a new quarterly production record of 817 BTC and cutting mining costs by 23%. The loss was driven by a 22% decline in bitcoin prices, triggering a $117.2 million non-cash impairment charge on the company’s holdings. CEO Mike Ho emphasized that the…

Donald Trump Jr. and Zach Witkoff defended World Liberty Financial at Consensus Miami 2026 amid a federal lawsuit from Justin Sun. The project faces legal challenges, including accusations of freezing Sun’s tokens and a pending bank charter application. They aim to reshape the project’s image in front of 20,000 attendees at the conference.

Senator Ashley Moody spoke at Consensus Miami 2026 about the relationship between Washington and digital assets, alongside Digital Chamber CEO Cody Carbone. This marked her first appearance at the event, reflecting a growing interest from federal officials in engaging with the crypto industry. The session discussed upcoming crypto legislation like the CLARITY Act, with significant…

Bitcoin lenders at Consensus Miami 2026 emphasized the need for crypto lending to resemble traditional banking to attract institutional capital. They highlighted the importance of standardized contracts, transparent custody, and clear legal accountability. The collapse of Celsius, Voyager, and BlockFi led to a shift towards more traditional financial practices in the bitcoin credit market.

Blockstream CEO Adam Back stated at Consensus Miami 2026 that Bitcoin is outperforming DeFi in terms of security and predicted that pension funds and sovereign entities will be the next major investors. He highlighted the simplicity and security of Bitcoin’s architecture compared to other blockchain ecosystems and outlined three waves of Bitcoin adoption.

The CLARITY Act is making progress in the Senate with a compromise on stablecoin rewards. The bill aims to ban interest-like yield on stablecoin balances, forcing changes in CeFi and parts of DeFi. There is a 55% chance of the bill becoming law in 2026, aligning with other regulatory efforts like FIT21 and the SEC-CFTC…