Category: crypto

Pi Network is sponsoring Consensus 2026 in Miami, with co-founders Dr. Chengdiao Fan and Nicolas Kokkalis speaking at the Convergence Stage. They will address topics related to AI, blockchain, and human validation tasks. The sponsorship comes ahead of the launch of Protocol 23, a significant upgrade for Pi Network.

Defense Secretary Pete Hegseth confirmed to the House Armed Services Committee that the Pentagon is running classified Bitcoin programs on two tracks – enabling the technology and countering it. He believes this provides the US leverage against China in different scenarios. INDOPACOM Commander Admiral Samuel Paparo also confirmed US Indo-Pacific Command operates a live Bitcoin…

President Trump signed an executive order on April 30 allowing retirement accounts to invest in cryptocurrency and alternative assets. The order aims to open up the $12.5 trillion defined-contribution market to digital assets. The Labor Department will revise guidance under the Employee Retirement Income Security Act to permit this investment option.

Tether reported a net profit of $1.04 billion in Q1 2026, with a record reserve buffer of $8.23 billion backed by $141 billion in US Treasuries. A formal KPMG audit is underway, marking a move towards full transparency and compliance with upcoming regulations such as the GENIUS Act.

The US Senate unanimously voted to ban senators and their staff from betting on political prediction market platforms like Polymarket and Kalshi. The resolution, authored by Senator Bernie Moreno, aims to prevent insider information advantages in trading. The resolution reflects bipartisan concern and aims to increase trust in markets.

Coinbase Asset Management introduced CUSHY, a tokenised stablecoin credit fund for institutional investors, on Ethereum, Solana, and Base. Apollo handles private credit origination, Superstate issues tokenised shares via FundOS, and Northern Trust administers the fund. CUSHY targets yield from public digital credit, private asset-based lending, and tokenisation incentives.

Major US banking trade groups have requested a pause in GENIUS Act rulemaking comment periods until the OCC finalizes its stablecoin framework. Agora filed for a national trust bank charter to establish federal oversight for stablecoin issuance. The banking groups argue that the proposals are interdependent and need to be assessed together.

High-profile trader Huang Licheng has increased his Bitcoin long position to about $14.5 million with over 40x leverage and his Ethereum long to around $23.3 million with 25x leverage on Hyperliquid. This puts tens of millions of dollars at risk if BTC and ETH prices drop, potentially impacting market volatility.

Bitcoin price rose nearly 3% to $78,700 on May 1 as Iran submitted a new peace proposal through Pakistani mediators to the United States. This eased oil pressure and improved risk sentiment across global markets for the second time in a week, with hopes of a broader US-Iran deal impacting BTC pricing.

Coinbase enabled Trade at Settlement for XRP futures on May 1, making XRP TAS the first altcoin to have this institutional block-trade mechanism. This tool allows large block orders for XRP futures to be executed at the official 4 PM settlement price, reducing execution costs for institutional investors. Regulatory clarity is a key factor holding…