Category: crypto

Pi Network co-founders Dr. Chengdiao Fan and Nicolas Kokkalis spoke at Consensus 2026 in Miami before the upcoming Protocol 23 launch on May 11. Fan discussed aligning Web3, AI, and blockchain, while Kokkalis focused on proving human identity online. Their appearances were strategically timed to build momentum for the launch and highlight Pi Network’s unique…

OnRe Finance, a Solana-based reinsurance firm, raised $5 million from Forward and RockawayX. Forward plans to invest up to $25 million in OnRe’s ONyc token. The funding will be used to scale reinsurance pools, expand underwriting capacity, and integrate with DeFi protocols. OnRe aims to offer tokenized reinsurance returns on Solana.

Coinbase, a popular cryptocurrency exchange, has recently laid off 700 employees, citing the use of artificial intelligence tools to increase productivity as the reason for the job cuts. This decision reflects the company’s efforts to streamline operations and adapt to changing market conditions.

Bullish’s acquisition of Equiniti for $4.2 billion positions the crypto exchange as a key player in tokenized securities markets. Equiniti serves 3,000 major companies with 20 million shareholders, giving Bullish access to ownership data required for tokenized securities. This move reflects a growing trend in blockchain-based capital markets infrastructure.

Dubai-based Global Millennial Capital has raised $100 million for its IPO Opportunities Fund, focusing on AI and DeFi mid-cap tech companies one to three years before their exits. The fund targets overlooked tech companies with market caps between $5 billion and $20 billion, aiming to bridge the gap between Gulf capital and global tech markets.

K Wave Media has decided to not accept Bitcoin as a form of payment for their AI data centres. This decision comes amid concerns about the environmental impact of Bitcoin mining. The company aims to prioritize sustainability in their operations by avoiding the use of cryptocurrencies like Bitcoin.

Global crypto asset ETPs saw $117.8 million in net inflows last week, marking a fifth consecutive positive week and pushing total assets under management close to $155 billion. Bitcoin products led with $192.1 million in inflows, while Ethereum products saw $81.6 million in net outflows. Flows were volatile, with a midweek pullback in risk appetite…

GoMining’s GoBTC protocol offers instant authorization and Bitcoin settlement on-chain with a 0.2% merchant fee, aiming to compete with Visa and Mastercard. The company controls a significant hash rate and plans to launch the protocol at the Consensus conference, positioning it as a low-cost alternative for merchants.

Anthropic is partnering with Blackstone, Goldman Sachs, and Hellman and Friedman in a $1.5 billion joint venture to provide enterprise AI tools to private equity-backed companies. This move comes as a response to a rival enterprise AI joint venture launched by OpenAI valued at $10 billion, showing a focus on private equity for AI distribution.

Wall Street executives at Consensus 2026 in Miami warned that traditional financial infrastructure is struggling to keep up with 24/7 crypto trading. The pressure is pushing for tokenized settlement and real-time clearing to address the friction between legacy systems and continuous crypto activity, with regulatory developments supporting this shift.