Category: crypto

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…

Pi Network will activate Protocol 23 on May 11, introducing full smart contract functionality. This upgrade transforms the network into a programmable platform supporting DeFi applications and asset tokenization. The activation date was moved forward from May 18 and follows the completion of Protocol 22 on April 27. Co-founders will speak at Consensus 2026 in…

Microsoft and OpenAI have restructured their partnership, ending the exclusivity agreement and allowing OpenAI to sell its full model suite on Amazon Web Services and Google Cloud. Microsoft’s cloud license is now non-exclusive until 2032, with OpenAI obligated to ship new models to Azure first. Microsoft will no longer pay revenue share to OpenAI.

Mantle Network’s proposal to lend 30,000 ETH to Aave’s DeFi United rsETH recovery has entered the governance voting phase on Snapshot. The initiative aims to provide structured credit to a $314 million multi-DAO war chest for DeFi United, helping users impacted by the April 18 rsETH exploit to restructure their positions.

Ripple CEO Brad Garlinghouse warns that if the CLARITY Act doesn’t pass the Senate Banking Committee by May 21, it may be delayed until 2030. The bill has support from major players in the industry and public figures. Senators have expressed concerns about the fragile political conditions surrounding the bill.

Minneapolis Fed President Neel Kashkari has shifted his stance on potential interest rate cuts in 2026 from expecting one or two cuts to being more data-dependent due to uncertainties caused by the Iran war and higher oil prices impacting inflation. He emphasizes the need to assess the duration and impact of these factors before making…

137 Ventures has raised over $700 million for two new funds, increasing its assets under management to over $15 billion. The firm focuses on high-impact technology investments in AI agents, robotics, and aerospace propulsion, with a significant stake in SpaceX valued at over $10 billion ahead of a potential IPO.

In April, crypto venture funding dropped to $659 million across 63 deals, a 74% decrease from March, returning to 2024 levels. DeFi and AI projects continued to attract capital. Monthly flows have been declining since October 2025 peak. Market maker GSR was the most active investor. Investors are now more selective and cautious.