Category: crypto

Solana generated $342.2 million in Q1 Chain GDP with PumpFun as top revenue-generating app. Its real-world asset market cap increased 43% to $2.01 billion in the first quarter. Alpenglow upgrade aims to reduce transaction finality to 150 milliseconds. Solana continues to focus on infrastructure upgrades for speed and reliability.

Bitcoin Depot, a Nasdaq-listed crypto ATM operator, has filed for Chapter 11 bankruptcy in Texas due to regulatory pressure and financial losses. Revenue fell 49.2% in the first quarter of 2026, and the company disclosed a $3.7 million crypto wallet breach. State regulators have introduced stricter compliance rules for crypto ATM operators.

Kraken has laid off approximately 150 employees to increase the use of artificial intelligence in its operations, potentially delaying its planned U.S. public listing until 2027. Other crypto firms like Coinbase and Gemini have also reduced staff due to automation. The industry-wide trend has seen over 5,000 crypto-related job cuts in 2026.

OriginTrail (TRAC) was listed on South Korean crypto exchange Upbit on May 18, with trading available in KRW, BTC, and USDT markets. Upbit implemented listing-day controls, including a restriction on buy orders for five minutes and limiting sell orders priced over 10% below the previous closing price. TRAC price surged 39.4% after the listing.

Tom Lee of Fundstrat stated that rising oil prices are putting pressure on Ethereum’s price. Oil prices have reached major highs, negatively affecting ETH. Lee mentioned that tokenization and agentic AI will be long-term drivers for Ethereum demand. Despite short-term challenges, he believes in the future potential of Ethereum.

Capital B has increased its bitcoin treasury by purchasing 192 BTC worth €13 million after completing three capital raises. The France-based company now holds 3,135 BTC at an average purchase price of $105,270 per bitcoin. The latest acquisition was funded by capital raises totaling €17.15 million.

Bitcoin’s value dropped below $77,000 due to selling pressure in the crypto market. The drop was influenced by ETF outflows and forced liquidations. Fed minutes, job data, and sentiment reports will impact rate expectations. Nvidia’s earnings may guide AI stock demand. Oil prices and Iran risks also affect market caution.

Goldman Sachs no longer reported XRP-linked ETF holdings in its Q1 2026 Form 13F. The bank removed XRP and Solana ETF holdings, while still holding Bitcoin and Ether ETFs. Institutional ETF demand remains mixed, with Mubadala adding more IBIT exposure. Additionally, Goldman increased exposure to digital asset-related public companies.

The Financial Services Commission of South Korea is reviewing Hana Bank’s plan to purchase a 6.55% stake in Dunamu, the operator of Upbit. The deal faces scrutiny due to regulations restricting banks from owning crypto-related businesses directly. This move follows a trend of major Korean finance and technology groups becoming more involved in the crypto…

Crypto users are being warned about phishing emails that appear to be from real Google accounts, containing hidden links that can steal passwords, session data, or wallet access. The phishing emails use spacing tricks to hide harmful content. Users are advised to verify requests manually and not click on unfamiliar links.