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The accelerating AI infrastructure race may end up becoming one of the strongest long-term catalysts for Bitcoin (CRYPTO: BTC), veteran macro investor Jordy Visser argues.

“AI Agents Need Tokens”

AI adoption is moving far faster than most institutions expected, creating massive demand for compute infrastructure, power and digital settlement systems, Visser said on the Anthony Pompliano podcast on May 9.

According to Visser, the next phase of AI goes beyond chatbots into “agentic” systems where AI agents autonomously execute actions, transactions and workflows.

Those systems will increasingly require tokenized rails and crypto-native infrastructure to operate efficiently.

“AI agents are with us,” Visser said. …

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Circle Internet Group Inc. (NYSE:CRCL) has raised $222 million for its new institutional blockchain Arc at a $3 billion valuation as shares jumped 2.5% in premarket trading.

The First Public Company Token Presale

a16z crypto led the round with a $75 million commitment, according to CNBC. 

BlackRock Inc. (NYSE:BLK), Apollo Global Management (NYSE:APO), Intercontinental Exchange Inc. (NYSE:ICE), Bullish (NYSE:BLSH), SBI Group, Janus Henderson Investors, Standard Chartered Ventures, General Catalyst, Marshall Wace, ARK Invest, IDG Capital, and Haun Ventures completed the investor syndicate.

Meanwhile, Circle becomes the first publicly listed company to conduct a token presale.

Arc is a public blockchain …

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Altcoins are beginning to wake up after months of brutal underperformance, but traders remain divided on whether the move marks the start of a broader bull cycle or just another bear market rally.

Bitcoin Controls Everything

In a podcast on May 9, expert trader DonAlt highlighted that several major altcoins and newer high-beta names are showing improving technical structures as Bitcoin (CRYPTO: BTC) stabilizes above key support levels.

Bitcoin breaking resistance for the first time since the cycle top represents an important “change in character” for the market.

He identified $78,000 as key near-term bullish support, $72,000 as the broader “line …

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Editor’s Note: The future prices of benchmark tracking ETFs and the headline were updated in the story.

U.S. stock futures fell on Monday after Friday’s higher close. This followed President Donald Trump‘s rejection of Iran’s response to a U.S.-backed peace proposal.

Trump took to Truth Social and wrote, “I have just read the response … I don’t like it — TOTALLY UNACCEPTABLE!”

On the economic front, investors will be looking out for the crucial consumer price and producer price indexes’ reports this week. Companies like Cisco Systems Inc. (NASDAQ:CSCO), Alibaba Group Holding ADR (NYSE:BABA), Applied Materials Inc. (NASDAQ:AMAT), and Hims & Hers Health Inc. (NASDAQ:HIMS) will report earnings this week.

Meanwhile, the 10-year Treasury bond yielded 4.38%, and the two-year bond was at 3.92%. The CME Group’s FedWatch tool‘s projections show markets pricing a 93.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Index Performance (+/-)
Dow Jones -0.05%
S&P 500 -0.05%
Nasdaq 100 -0.04%
Russell 2000 -0.18%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Monday. The SPY was down 0.16% at $736.47, while the QQQ declined 0.17% to $709.85.

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XRP (CRYPTO: XRP) has failed to break above a multi-month triangle pattern that formed since February and is now testing support at the breakout level.

Shorts Getting Squeezed As Retest Holds

Volume surged 170.81% to $5.38 billion during the breakout, far above typical retest levels and pointing to institutional buying.

Open Interest climbed 7.41% to $2.90 billion, while Options Volume jumped 322.80% as traders positioned for the next move higher.

Liquidation data shows $6.03 million in shorts wiped out versus $5.21 million in longs over the past 24 hours, with bearish bets getting caught as the …

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Bitcoin trades near $81,000 early Monday as crypto markets stabilizes ahead of a key week for regulation, with traders closely watching the upcoming CLARITY Act discussion scheduled for May 14.

Bitcoin ETFs saw $145.7 million in net outflows on Friday, while Ethereum ETFs reported $3.6 million in net inflows.    


Cryptocurrency
Ticker
Price
Bitcoin (CRYPTO: BTC) $81,122
Ethereum (CRYPTO: ETH) $2,3323
Solana (CRYPTO: SOL) $95.16
XRP (CRYPTO: XRP) $1.45
Dogecoin (CRYPTO: DOGE) $0.1100
Shiba Inu (CRYPTO: SHIB) $0.056592

Meme coin market capitalization is trading relatively flat with 0.8% gains to $39.5 billion …

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Circle Internet Group Inc. (NYSE:CRCL) will report earnings for the first quarter before the market opens on Monday. Here’s a pre-announcement overview about the company and the stock.

Will Circle Disappoint Investors?

Analysts estimate Circle to report earnings per share of $0.17, down 60% from the previous quarter.

The firm behind the world’s second-largest stablecoin, USDC (CRYPTO: USDC), is also expected to report revenue of $714.92 million, down from $770.63 million in the fourth quarter of 2025.

Circle reported better-than-expected results in the previous quarter, with both revenue and earnings surpassing estimates.

Mixed Signals From Analysts

The CRCL stock has a consensus price target of $125.53 based on the ratings of 21 analysts. Earlier this month, Wells Fargo maintained its “Overweight” rating for the stock, while upgrading the price target from $111 to $142. 

Compass Point, in contrast, downgraded the stock from “Neutral” to “Sell,” slashing the target from $79 to $77.

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Cryptocurrency bettors are tempering expectations about Bitcoin (CRYPTO: BTC) reaching new highs this year.

Polymarket Traders Bet Heavily

Polygon (CRYPTO: POL)-based Polymarket currently assigns only a 19% chance of Bitcoin bettering its all-time high of $126,198—set in October—at any point in 2026. The odds at the beginning of the year were 39%.

Similarly, chances of BTC hitting all-time highs by Sept. 30 stood at 9%, down from 32% at the start of 2026.

Over $7 million has been wagered on the outcome. The market resolves to “Yes” if any BTC/USDT 1-minute candle on Binance on the specified date has a final “High” price greater than $126.198.

…

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Influential analyst Ali Martinez spotlighted on Friday rising cryptocurrency adoption in emerging economies, emphasizing their growing role as a “financial tool” rather than just a “trading market.”

Emerging Markets Throng Binance

In an X post, Martinez pointed to Binance Research’s latest report on the shift in usage patterns in different markets.

The emerging market share of Binance users rose from 49% in 2020 to 77% in 2026, according to the report, while those from developed markets fell from roughly 48% to 20%.

Moreover, 83% of users engaging with two or more products on Binance were from emerging markets.

Stablecoins As Store Of Value?

This cohort was also saving more. Roughly 36% of all emerging market users kept at least half of their portfolios in stablecoins such as Tether (CRYPTO: USDT) and USDC (CRYPTO: USDC), compared to only …

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A widely followed trading-focused X account presented a bullish thesis on Sunday, positioning PENGU—the token tied to the Popular NFT brand Pudgy Penguins—as the next evolution of memecoins, surpassing Dogecoin (CRYPTO: DOGE).

Dogecoin’s Criticism Justified?

WallStreetbets noted in an X article that while DOGE pioneered the meme culture and brought in interest and liquidity, it failed to convert that surge into lasting dominance.

“There was no coordinated effort to turn it into a global consumer brand. No retail footprint,” WallStreetbets stated. “No ecosystem designed to expand its reach beyond the internet.”

The Dogecoin Foundation, a non-profit supporting the development of the Dogecoin ecosystem, didn’t return Benzinga’s request for comment.

It’s worth noting that HC Sierre, an ice hockey team in the Swiss League, prominently features DOGE logos on jerseys and helmets. The team is sponsored and part-owned by House of Doge—the official corporate arm of the Dogecoin Foundation.

In March 2025, the House of Doge and the Dogecoin Foundation partnered with driver Devlin DeFrancesco to bring Dogecoin to the Indianapolis 500, featuring the mascot on the car to raise funds for a children’s hospital.

The Case For PENGU

To …

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Michael Saylor, Executive Chairman of Strategy Inc. (NASDAQ:MSTR), reaffirmed on Sunday his long-standing support of Bitcoin (CRYPTO: BTC) and announced the company will resume adding BTC to its treasury.

Saylor’s Message To ‘₿ears’

Saylor posted on X an AI-generated video of himself carrying a bear through a forest while smoking a cigar, captioned “No More ₿ears.”

Note that the post was metaphorical, referencing bearish traders betting on Bitcoin’s downturn.

Strategy Back To Buying Bitcoin?

Saylor signaled that Strategy’s BTC purchases would resume this week, adding a post captioned “Back to work.”

Notably, Strategy paused its weekly acquisition before releasing its first-quarter financials last week. He had said, “No buys this week. Back to work next week.”

As of today, Strategy holds 818,334 BTC, worth $66.43 billion and representing roughly 3.9% of Bitcoin’s total supply.

Strategy reported losses of $38.25 per share in the first quarter, while revenue beat the analyst consensus estimate at $124.3 million.

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Leading cryptocurrencies spiked while stock futures fell Sunday evening as investors reacted to President Donald Trump’s scathing statement on Iran.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.39% $81,695.71
Ethereum (CRYPTO: ETH)
               		 +1.82% $2,363.48
XRP (CRYPTO: XRP)                          +3.66% $1.46
Solana (CRYPTO: SOL)                          +3.80% $96.27
Dogecoin (CRYPTO: DOGE)              +3.12% $0.1115

Crypto Market Rallies

Bitcoin surged to $82,430 late evening but met swift rejection. Its trading volume spiked 57% in the past 24 hours. Ethereum fell short of breaking $2,400, while XRP and Dogecoin also recorded sharp spikes.

Over $380 million was liquidated in the past 24 hours, with the majority of that in short positions, according to Coinglass data.

Open interest in Bitcoin futures rose 0.54% over the last 24 hours. That said, Bitcoin’s Long/Short Ratio on Binance stood below 1, indicating most traders were positioned for a price decline.

Market sentiment remained “Neutral” according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:25 p.m. EDT)
Sui (SUI)       +24.36%     $1.33
Cronos (CRO)                    +7.07%     $0.07554
Uniswap (UNI)             +7.07%     $3.98

The global cryptocurrency market capitalization stood at $2.68 trillion, following a dip of 0.40% over the …

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This week was buzzing with news from the world of finance and technology. From predictions of Bitcoin’s future worth to the Trump sons backing a billion-dollar investment network, there was no shortage of intriguing developments. Here’s a quick recap of the top stories.

Bitcoin’s Million-Dollar Future

Lightspark CEO David Marcus expressed confidence in Bitcoin’s long-term trajectory, despite its notorious volatility. “Over the very long term, this thing should be worth over a million dollars or more,” Marcus stated, without specifying a timeline for this prediction.

Read the full article here.

Bitcoin As A Power Projection Tool

Defense Secretary Pete Hegseth revealed that the U.S. Department of Defense is exploring ways to leverage Bitcoin as a tool for power projection. Hegseth confirmed ongoing and classified experiments during a House Armed Services Committee …

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Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor recently expressed a view on the diminishing value of hard work amid the rise of artificial intelligence.

AI Will Make Hard Work Obsolete?

During the Peter McCormack show dated April 30, Saylor suggested that the traditional virtues of hard work and talent are becoming less valuable in a world increasingly dominated by AI and automation. 

“What you don’t want to do today is you don’t really want to make money by being talented and working hard,” he said. “That sounds pretty provocative, but the problem is the robots are going to work hard. The cars are
going to drive themselves.”

He then used a Shakespearean sonnet to make his point, noting that an AI trained upon it would produce equivalents as good as Shakespeare in his prime.”

Saylor said the key takeaway is that human capital is getting “demonetized.”

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A pivotal Senate Banking Committee vote next week could move the U.S. closer to establishing long-awaited crypto regulations amid heightened concerns from banks that stablecoins may disrupt traditional deposit systems.

Senate Stablecoin Legislation Advances Amid Industry Divide

A major crypto market structure bill is scheduled for an initial vote on May 14 before the Senate Banking Committee, CNBC reported.

Senate Banking Committee Chairman Tim Scott (R-S.C.) has pushed to secure full Republican backing for the legislation.

However, Democratic support remains uncertain due to unresolved disputes, including provisions aimed at restricting politicians from profiting off digital assets.

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Coinbase (NASDAQ:COIN) Chief Executive Brian Armstrong said an overheating issue inside an Amazon Web Services (AWS) data center triggered the exchange outage that disrupted trading and withdrawals for users this week.

The disruption came during a turbulent stretch for Coinbase after the company reported weaker-than-expected quarterly results and announced plans to cut roughly 14% of its workforce as it pushes to become “lean, fast, and AI-native.”

This Is ‘Never Acceptable’

For hours, traders across crypto markets speculated about the cause of the outage as users reported problems accessing accounts, executing trades and moving funds.

Armstrong addressed the incident in a post on X on Friday.

“We experienced an outage at Coinbase last night, which is never acceptable,” he wrote.

According to Armstrong, the disruption began after multiple chillers failed inside an AWS facility, causing a room to overheat and impacting Coinbase systems.

While many Coinbase services were designed to handle failures within a single AWS Availability Zone, Armstrong said the company’s centralized exchange architecture was more exposed because of the way trading platforms are optimized.

“Exchanges have unique architectures that optimize …

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Bitcoin jumped above $80,000 as Middle East tensions continue to linger.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $80,028
Ethereum (CRYPTO: ETH) $2,316
Solana (CRYPTO: SOL) $91.69
XRP (CRYPTO: XRP) $1.41
Dogecoin (CRYPTO: DOGE) $0.1082
Shiba Inu (CRYPTO: SHIB) $0.056419

Notable Statistics:

  • Coinglass data shows 80,057 traders were liquidated in the past 24 hours for $204.98 million.       
  • SoSoValue data shows net outflows of $277.5 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $103.5 million.
  • In the past 24 hours, top gainers include Ondo, siren and Celestia.

Notable Developments:

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Every few years, the capital markets are declared to be on the brink of disruption. And every few years, something interesting happens instead.

The Securities and Exchange Commission’s (SEC) recent release regarding the New York Stock Exchange’s (NYSE) proposed rule change (Release No. 34-105260) to permit the trading of tokenized securities is the latest example. It has all the language of innovation, including blockchain, tokenization, and digital representation, but the structure tells a different story.

Under the proposal, tokenized securities must look exactly like their traditional counterparts in every way that matters. They must have the same CUSIP, the same economic and voting rights, the same trading priority, and the same clearing and settlement through the Depository Trust Company (DTC). It is a different wrapper within the same system.

If that sounds familiar, it should.

The U.S. securities markets have been through this kind of transformation multiple times before, and the pattern is remarkably consistent.

When Congress enacted the Securities Exchange Act of 1934, it did not create innovation. It created trust. Section 3(a)(10) defined securities broadly enough to endure changes in form, and Section 11A, added in 1975, laid the groundwork for a national market system that could evolve technologically without fragmenting structurally.

The 1975 amendment is worth focusing on. It was a direct response to what was then called the paperwork crisis, when physical stock certificates were moving so slowly through the system that trades could not settle on time. The solution was not to abandon the system. Rather, it was to modernize it. The SEC was directed to facilitate a unified, efficient market structure, which ultimately led to centralized clearing, the expansion of DTC, and the foundation for everything we now take for granted.

Fast forward a few decades, and the markets faced another transformational moment: decimalization. Prior to 2001, stocks traded in fractions such as eighths and sixteenths. Moving to decimals narrowed spreads, increased competition, and improved transparency. It also caused significant disruption to market makers …

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IREN Ltd (NASDAQ:IREN) could have significant upside ahead, with Bernstein citing the company’s new $3.4 billion AI cloud partnership with NVIDIA Corp (NASDAQ:NVDA) as catalst for its $100 price target.

The new target, with a reaffirmed outperform rating, implies roughly 76% upside from IREN’s May 7 closing price of $56.85.

NVIDIA Partnership Changes The Story

Bernstein analysts said the long-term strategic agreement gives IREN both critical AI infrastructure credibility and stronger access to next-generation GPU supply, The Block reported on Friday.

The deal also includes an equity option allowing NVIDIA to invest $2.1 billion into IREN at $70 per share.

According to Bernstein, NVIDIA’s involvement materially strengthens IREN’s positioning around its flagship 2GW Sweetwater AI data …

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Binance (CRYPTO: BNB) founder Changpeng Zhao told ARK Invest CEO Cathie Wood that stablecoins should generate interest for users—yet Tether (CRYPTO: USDT) won’t do that anytime soon, because it built dominance without offering yields.

Tether Leaving Room For Competition

Zhao explained that Tether moved early and built dominance without paying users. Newer stablecoins are now offering yields, creating an opening for competition.

“Stablecoins should generate interest for the users,” Zhao stated during the ARK Invest podcast. 

“I don’t think Tether is going to do that anytime soon. They’ve achieved dominant position without doing that because they were the early mover,” he added.

Businesses will find ways to reward users regardless of restrictions.

Activity-based rewards, different account types, staking options, and other mechanisms allow companies to pass value to users even if direct interest payments face regulatory hurdles.

Circle …

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XRP (CRYPTO: XRP) has been trading sideways for a month, but traders say growing liquidity and fresh technical buy signals could set the token up for a sharp upside move.

Traders See Short Squeeze Setup Building

Analyst Cryptoinsightuk said XRP may be approaching a major local bottom as momentum indicators including RSI and MACD begin flashing historically bullish reversal signals.

The trader argued that deeply negative funding rates combined with heavy liquidity sitting above current price levels could fuel a strong short squeeze higher.

He compared XRP’s current structure to the setup seen before Toncoin (CRYPTO: TON) …

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Bitcoin (CRYPTO: BTC) shed 245,000 wallets in five days, the fastest holder decline in nearly two years, as BTC holds just below the critical 200 EMA at $82,041.

Capitulation Fuels Bull Runs

The wallet exodus marks the sharpest drop since summer 2024, when Bitcoin lost over 964,000 wallets across five weeks before launching into the bull run that followed, according to Santiment.

Holders leave during both price drops out of fear and price rises out of doubt. 

That means the remaining supply consolidates into the hands of participants with the highest conviction, who have already decided they are not selling at current prices.

With fewer coins actively circulating and more locked away in patient hands, even modest increases in new demand …

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XRP (CRYPTO: XRP) remains stuck at $1.4 as new daily addresses crashed over 80% since December to 5,020.

The Retail Exodus

New daily XRP addresses fell while monthly active supply dropped 73% from 7.45 billion XRP to roughly 2 billion XRP per day, according to Glassnode.

The data shows retail rotating out after the late-2024 rally, not institutional adoption collapsing.

Marcin Kazmierczak, co-founder of RedStone, told Decrypt the network is shifting from retail speculation to institutional rails, and that transition rarely looks pretty in the address chart.

JPMorgan Chooses Public Blockchain Over Walled Garden

Ripple, Ondo Finance, JPMorgan Chase & Co., and Mastercard Inc. completed a pilot transaction on Thursday connecting the XRP Ledger with interbank settlement rails.

The pilot settled the redemption of Ondo’s OUSG, …

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Needham analysts lowered their price forecast for Coinbase Global, Inc. (NYSE:COIN) to $220 from $230 on Friday.

The firm maintains a Buy rating. Lead analyst John Todaro noted that while “crypto weakness continues,” certain segments of the business show surprising durability.

Retail Traders Show Resilience

Coinbase reported first-quarter 2026 revenues of $1.4 billion. While this met expectations, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $304 million fell short of the $408 million Street estimate.

Transaction revenues also missed projections. Retail activity shifted toward the core Consumer app and declined less than Institutional activity. According to the note, this “implies the ‘every day retail trader’ showed some resilience” despite the broader market downturn.

Prediction Markets Eye $100 Million Milestone

To …

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Coinbase Global Inc. (NASDAQ:COIN) posted a $394 million net loss in Q1, but Bernstein maintains its outperform rating and $330 price target, implying 71% upside from Thursday’s close at $192.96.

Q1 Results Miss Across The Board

Coinbase revenue came in at $1.41 billion at its earnings cal, missing estimates by 5%. Adjusted EBITDA of $303 million fell 26% short of expectations. 

The company posted a net loss of $394.1 million, reflecting $482 million in unrealized losses tied to its crypto investment portfolio.

Weaker crypto markets weighed on both trading activity and subscription revenue.

Total crypto market capitalization and industry trading volumes both dropped more than 20% from the prior quarter.

Total spot trading volume fell 25% quarter-over-quarter to $202 billion.

Retail trading volume dropped 36% to $36 billion, while monthly transacting users declined 10% to 8.2 million.

The Everything Exchange Strategy Takes Shape

Bernstein analysts led by Gautam Chhugani

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ARK Invest CEO Cathie Wood says orbital data centers could take SpaceX revenue 10 to 20 times higher than existing models.

Orbital Data Centers The Game Changer

Wood explained that ARK’s preliminary work on orbital data centers suggests this business line could dwarf current SpaceX revenue projections by orders of magnitude.

“We have not added data centers, orbital data centers in,” Wood told Bloomberg. 

“However, our preliminary work suggests that that part of the business could take SpaceX from a revenue generation point of view, orders of magnitude higher. Ten, 20 times higher,” she added.

Elon Musk’s experience in Memphis, Tennessee, and Mississippi informed the orbital data center strategy. 

Memphis residents pushed back against data centers, complaining about increased electricity prices and land use. Musk won’t face those “not in my backyard” issues in space.

SpaceX …

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Dogecoin (CRYPTO: DOGE) climbed around 14% over the past month, but traders are warning the move may still be a short-term recovery rally rather than the start of a full bull run.

Analysts Eye Major Resistance Ahead

Crypto analyst Kevin said Dogecoin’s rebound looks more like a countertrend rally inside a broader uncertain market structure.

He flagged major resistance between 11.7 cents and 12.5 cents, where key Fibonacci levels and the daily 200 EMA/SMA converge. Another heavier resistance zone sits between 13.6 cents and 15.9 cents.

Kevin noted momentum and money flow indicators have improved sharply, but DOGE’s …

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Coinbase (NASDAQ:COIN) CEO Brian Armstrong says the crypto industry is entering a generational shift, arguing the company is “uniquely positioned” to benefit as stablecoins, AI and on-chain finance accelerate adoption.

“If It Involves Money, It Will Involve Crypto”

In an X post published May 8, Armstrong said the on-chain economy has reached “escape velocity” as crypto infrastructure increasingly moves into mainstream finance.

He argued crypto represents a superior form of money and said future financial activity will increasingly run on blockchain rails.

Several growth metrics support Coinbase’s positioning, such as record spot and derivatives market share, rapid stablecoin growth on Base, rising USDC adoption, dominance in agentic stablecoin transactions and 12 …

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Bitcoin is trading around $80,000 as Middle East tensions escalate and ETFs reverse course with significant outflows, breaking five consecutive days of heavy inflows.

Bitcoin ETFs saw $277.5 million in net outflows on Thursday, while Ethereum ETFs reported $103.5 million in net outflows.    


Cryptocurrency
Ticker
Price
Bitcoin (CRYPTO: BTC) $80,209
Ethereum (CRYPTO: ETH) $2,291
Solana (CRYPTO: SOL) $88.39
XRP (CRYPTO: XRP) $1.38
Dogecoin (CRYPTO: DOGE) $0.1069
Shiba Inu (CRYPTO: …

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(Editor’s note: The future prices of benchmark tracking ETFs, and the headline, the lede and the economic were updated in the story.)

U.S. stock futures rose on Thursday after Wednesday’s record rally. This followed President Donald Trump‘s celebration of record stock market gains.

On the economic data front, initial jobless claims for the week ending May 2 increased by 10,000 to a seasonally adjusted 200,000. Simultaneously, preliminary first-quarter data revealed that nonfarm business labor productivity increased by 0.8%, while unit labor costs advanced by 2.3%, offering investors insight into wage pressures and the broader trajectory of the U.S. labor market.

Trump said that strong job growth and rising retirement accounts reflected continued economic momentum. He posted on Truth Social, “Stock Market hit an ALL-TIME HIGH TODAY. Jobs & 401-K’s are BOOMING!!!”

Speaking to reporters about Iran at the White House, Trump said, “They want to make a deal. We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal.”

Meanwhile, the 10-year Treasury bond yielded 4.33%, and the two-year bond was at 3.85%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94.1% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Index Performance (+/-)
Dow Jones 0.11%
S&P 500 0.13%
Nasdaq 100 0.14%
Russell 2000 0.10%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Thursday. The SPY was up 0.13% at $734.82, while the QQQ advanced 0.032% to $695.97.

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Bernie Sanders Says Trump And His Family Made $4 Billion Off The Presidency, While Elizabeth Warren Slams Weak Crypto Regulation That ‘Isn’t Worth The Paper It’s Written On’

On Thursday, Sen. Bernie Sanders (I-Vt.) and Sen. Elizabeth Warren (D-Mass.) intensified criticism of President Donald Trump’s family business dealings, accusing them of leveraging crypto ventures and political influence for billions in personal gains.

Warren, Sanders Target Trump Family’s Crypto Profits

Warren slammed Trump-linked crypto activity in a post on X, arguing that legislation failing to address presidential profiteering “isn’t worth the paper it’s written on.”

“The Trump family crypto project quietly cashed in while regular investors got stuck holding the bag,” Warren wrote.

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Coinbase Global (NASDAQ:COIN) reported first-quarter financial results Thursday after market close.

Here are the highlights.

Coinbase Q1 Financials

Coinbase reported first-quarter revenue of $1.41 billion, down 31% year-over-year. The revenue total missed a Street consensus estimate of $1.53 billion, according to data from Benzinga Pro.

Transaction revenue was $756 million in the first quarter, down 40% year-over-year. Subscription and Services revenue was $584 million in the quarter, down 14% year-over-year.

The company reported an adjusted loss of 17 cents per share, missing a Street consensus estimate of 29 cents per share.

Prediction markets are called out by the company as one of the fastest products from Coinbase ever, hitting $100 million in annualized revenue in less than two months.

Coinbase had all-time highs for crypto trading volume market share in the first quarter, reaching 8.6%.

The company now has 12 product lines that generate $100 million in annualized revenue, with prediction …

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Bitcoin (CRYPTO: BTC) may have already exited its “winter phase,” according to industry experts, who argue it will not dive lower than lows set earlier this year.

Bitcoin Structure Materially Stronger

In an interview with Milk Road Show, Matt Hougan and Ryan Rasmussen said that crypto has not suddenly become risk-free.

Instead, market structure underneath Bitcoin is becoming materially stronger even while macro uncertainty, geopolitical tensions and regulatory delays continue weighing on sentiment.

“I think we can have relatively high confidence that $60,000 was a really fundamental bottom,” Hougan said.

The executives pointed to several long-term trends continuing to strengthen underneath …

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Bitcoin slipped to $80,000 as bulls look for new buyers to step in to extend the relief rally.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $80,176
Ethereum (CRYPTO: ETH) $2,301
Solana (CRYPTO: SOL) $88.49
XRP (CRYPTO: XRP) $1.38
Dogecoin (CRYPTO: DOGE) $0.1077
Shiba Inu (CRYPTO: SHIB) $0.056264

Notable Statistics:

  • Coinglass data shows 109,319 traders were liquidated in the past 24 hours for $358.60 million.       
  • SoSoValue data shows net inflows of $46.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $11.6 million.
  • In the past 24 hours, top gainers include siren, Venice …

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Ethereum (CRYPTO: ETH) is caught between heavy whale selling and rising institutional adoption, according to fresh expert analysis.

Is Path To $3,000 Certain?

Crypto chart analyst Ali Martinez said Ethereum wallets holding between 1,000 and 10,000 ETH have reversed course after months of steady accumulation.

According to Martinez, this group increased holdings from 12.95 million ETH in April 2025 to a peak of 15.95 million ETH on Oct. 6, 2025.

Since then, holdings have fallen to roughly 12.52 million ETH, marking a 21.5% decline.

This whale cohort has historically provided liquidity during major Ethereum market cycles and their recent …

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Dogecoin (CRYPTO: DOGE) dropped 4% as spot ETF inflows accelerated to $227,210 on May 6, with institutional accumulation building despite the pullback.

ETF Accumulation Accelerates Through The Dip

DOGE spot ETFs recorded $227,210 in inflows, with 21Shares TDOG (NASDAQ:TDOG) leading as the only active product seeing real flows. 

Total net assets stand at $14.28 million, growing steadily from $9.22 million in March, representing 54% growth in net assets in two months.

Monthly inflow trends are accelerating. May 2026 already sits at $627,400 with most of the month remaining, compared to April’s full-month total of $1.99 million. 

Institutional interest in DOGE ETFs, while small compared to Bitcoin (CRYPTO: BTC), is quietly but consistently building.

Traders Positioned For The Next Move

Volume dropped …

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Strategy Inc. (NASDAQ:MSTR) executive chairman Michael Saylor has said that Bitcoin (CRYPTO: BTC) needs to appreciate by only 2.3% annually for the company to fund its STRC dividends indefinitely by selling small portions of its holdings.

The 2.3% Breakeven Threshold

Strategy posted a chart comparing two scenarios for its dividend funding model.

If Bitcoin does not grow at all, the company can still cover dividend payments for about 43 years using its current setup.

If Bitcoin grows by 2.3% annually, the gains from Bitcoin would fully offset dividend costs, meaning Strategy could theoretically fund dividends indefinitely without running out of value.

The breakeven annual rate of return is the minimum yearly Bitcoin growth needed for the strategy to sustain itself forever under the current capital structure.

Saylor Addresses Selling Bitcoin For The First TimeA

Saylor floated the idea during Strategy’s earnings …

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VanEck Head of Digital Assets Research Matthew Sigel projects Bitcoin (CRYPTO: BTC) could reach $1 million within five years.

The $1 Million Thesis

Sigel framed the million-dollar target as VanEck’s base case over the next half-decade, driven by demographic trends and young investors’ intentions to allocate to Bitcoin.

“When you look at the demographic trends, it’s going to be like the video game industry,” Siegel explained on CNBC’s Halftime Report. 

“Thirty years ago it was kids playing video games. Now Elon Musk plays video games. People don’t quit. They also don’t quit Bitcoin,” he added.

Sigel pointed to the first central bank buying Bitcoin for reserves as evidence the megatrend is accelerating, though he acknowledged extreme volatility along the way.

Short Covering Rally Still Has Room

Bitcoin’s correlation with the Nasdaq reached a five-year high, …

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Last week, Meta (NASDAQ:META) began paying its content creators in USDC, a dollar-backed Stablecoin, through crypto wallets on the Solana (CRYPTO: SOL) and Polygon (CRYPTO: POL) blockchains. This is one of the most consequential moves in the history of digital payments. 

The program is currently available to a limited group of creators in Colombia and the Philippines.

But Meta is not stopping there. The Stablecoin payout program is expected to expand to more than 160 countries by the end of the year.

Before you miss this quiet but powerful update, let me explain why it could reshape the global financial landscape. 

The Lesson Meta Learned From Its $182 Million Crypto Failure 

To understand why this is a big deal, you need to understand where Meta came from.

In 2019, Meta, then called Facebook, announced Libra, a stablecoin backed by assets, big companies, and accessible to billions of Facebook users worldwide. Due to several reasons, this project eventually shut down in 2022. 

So, this re-entry isn’t new, and a lot of investors might be tempted to dismiss it. However, by taking a closer look at history, you would spot a huge difference between the move in 2019 and this current pivot. 

With Libra, Meta tried to be the bank, issuing its currency, controlling the rails, and sitting at the center of global finance. That wasn’t successful. 

But this …

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Bitcoin (CRYPTO: BTC) pushed back above $80,000, and retail traders are getting louder: Santiment data shows bullish social commentary has climbed to its highest level in roughly four months.

The crypto analytics firm says bullish Bitcoin comments now outpace bearish ones by a 1.37-to-1.00 ratio across social media.

This is a sharp sentiment reversal after weeks of macro fears and geopolitical stress.

Why It Matters

It is also a clear shift from mid-April, when Bitcoin sentiment fell deep into bearish territory.

That pessimism helped create a cleaner setup for a relief rally as weak hands exited and crowded bearish …

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JBizNews Desk | May 7, 2026

Wall Street’s Crypto Reversal Goes Public

Eric Trump used one of the crypto industry’s biggest global stages Wednesday to deliver a message aimed directly at traditional banking giants: the fight against Bitcoin is over, and Wall Street lost.

Speaking at CoinDesk’s Consensus Miami 2026 conference before thousands of attendees representing more than 100 countries, Trump pointed to JPMorgan Chase as the clearest example of how dramatically the financial establishment has reversed course on cryptocurrency.

Just 18 months ago, major banks were still publicly attacking Bitcoin and warning clients against it. Now, according to Trump, many of those same institutions are actively building crypto businesses and integrating digital assets into mainstream finance.

“The financial institutions all realize that they’ve lost and they can no longer push back,” Trump said during the conference. “Instead of fighting against the tide, they’re swimming with it for the first time.”

The symbolism surrounding JPMorgan’s presence at the conference was difficult to ignore. The bank — whose CEO Jamie Dimon repeatedly mocked Bitcoin in previous years and once referred to it as a “fraud” and “joke asset” — appeared at Consensus Miami as an official sponsor through its blockchain division, Kinexys.

Trump argued the shift represents a broader acknowledgment from Wall Street that crypto is no longer viewed as a fringe experiment but as a permanent part of the financial system.

He also pointed to Bank of America’s Merrill division and Charles Schwab as firms now embracing digital assets after years of skepticism and resistance.

Personal Fallout From Banking Deplatforming

Trump said his interest in crypto intensified after major financial institutions allegedly cut ties with the Trump Organization following January 6, 2021.

He claimed more than 350 Trump Organization bank accounts were closed during that period, describing the experience as proof that traditional financial infrastructure can be weaponized against individuals and businesses with little warning or recourse.

That experience, Trump said, became one of the driving motivations behind the creation of American Bitcoin Corp. (ABTC), where he serves as Co-Founder and Chief Strategy Officer.

“This ecosystem of Bitcoin and crypto is definitely helping the United States and the whole world,” Trump said, reiterating his long-standing prediction that Bitcoin could eventually reach $1 million per coin.

American Bitcoin Expands Despite Market Losses

Trump’s remarks came the same evening American Bitcoin released its first-quarter 2026 financial results, which showed record Bitcoin production and sharply improved mining efficiency — even as falling cryptocurrency prices pushed the company into a major quarterly loss.

The company said its core strategy remains straightforward: accumulate as much Bitcoin as possible at the lowest production cost in the industry.

American Bitcoin reported mining Bitcoin during the quarter at an average cost of roughly $36,200 per coin, a major improvement from approximately $46,900 in the fourth quarter of 2025. The company said it is effectively acquiring Bitcoin at roughly half of prevailing market prices through its mining operations.

ABTC mined 817 Bitcoin during the first quarter, the strongest quarterly production in company history, while increasing its Bitcoin reserves by roughly 30%.

The company ended March holding approximately 7,021 BTC on its balance sheet and now reportedly controls more than 7,300 Bitcoin, placing it among the world’s larger publicly traded Bitcoin holders.

American Bitcoin also disclosed that it currently operates nearly 90,000 mining machines, reflecting the growing industrial scale of large U.S.-based crypto mining operations.

Accounting Losses Overshadow Operating Gains

Despite the operational growth, the financial results themselves were more complicated.

Revenue fell to $62.1 million, down from $78.3 million in the previous quarter, largely because Bitcoin prices dropped roughly 22% during the reporting period.

The company reported a net loss of $81.8 million, or $0.08 per share, missing analyst expectations that had projected a modest profit.

However, company executives emphasized that most of the reported loss came from accounting adjustments rather than operational weakness.

American Bitcoin recorded a $117.2 million non-cash markdown tied to the declining value of its Bitcoin holdings under accounting rules. That loss was partially offset by a $37.3 million gain tied to derivatives connected to a mining equipment purchase agreement.

Even with the Bitcoin price decline, the company maintained a mining gross margin above 52%, highlighting the profitability of its underlying mining operations before accounting adjustments.

American Bitcoin CEO Mike Ho said the company remained operationally profitable during the quarter when excluding non-cash Bitcoin valuation changes. He also noted the company did not sell any Bitcoin holdings during the period despite the price decline.

Bitcoin’s Mainstream Shift Accelerates

The broader backdrop to Trump’s comments is the increasingly rapid integration of crypto into mainstream finance.

Over the last year, banks, hedge funds, pension managers, and public corporations have accelerated investments into Bitcoin infrastructure, custody services, tokenization projects, and blockchain-based payment systems following the success of spot Bitcoin ETFs and rising institutional demand.

The shift has transformed Bitcoin from a once-controversial outsider asset into an increasingly normalized part of institutional finance — even among many firms that spent years publicly criticizing the industry.

ABTC shares fell roughly 1.6% in after-hours trading Wednesday after closing the regular session up 1.63% at $1.25.

Bitcoin itself traded near $81,058 late Wednesday, down roughly 0.5% on the day.

— JBizNews Desk

© JBizNews.com. All rights reserved. This article is original reporting by JBizNews Desk. Unauthorized reproduction or redistribution is strictly prohibited.

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Bitcoin (CRYPTO: BTC) fell 22% in Q1, according to ARK Invest’s latest Bitcoin Quarterly report, yet long-term buyers are stepping in hard.

Long-Term Holders Continue Accumulating

ARK’s read is not “Bitcoin is dead.” It’s more nuanced: the price action looks bearish, but the internal market structure is showing signs of late-stage stress, not systemic collapse.

The firm’s key takeaway: Bitcoin has not yet hit the deeper capitulation levels that usually mark a confirmed global bottom.

ARK said “conviction buyers” increased holdings by 69% during the Q1 drawdown, rising from roughly 2.13 million BTC to 3.60 million BTC.

ARK said the buying accelerated around Bitcoin’s February trough, suggesting strong-handed investors viewed the correction as an opportunity rather than a reason to exit.

Spot Bitcoin ETF balances also held firm.

According to the …

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Bitcoin continues to hold above $80,000 as Bitcoin ETFs saw $46.3 million in net inflows on Wednesday, while Ethereum ETFs reported $11.6 million in net inflows.    


Cryptocurrency
Ticker
Price
Bitcoin (CRYPTO: BTC) $80,700.61
Ethereum (CRYPTO: ETH) $2,321.05
Solana (CRYPTO: SOL) $89.05
XRP (CRYPTO: XRP) $1.40
Dogecoin (CRYPTO: DOGE) $0.1109
Shiba Inu (CRYPTO: SHIB) $0.056333

Meme coin market capitalization is trading 1.4% higher to $39.8 billion over the past 24 hours.

Trader Commentary: 

Crypto chart analyst Ali Martinez said Bitcoin appears to have absorbed …

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Economist Peter Schiff reacted on Wednesday to Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor’s admission about potentially selling Bitcoin (CRYPTO: BTC) to pay dividends on the firm’s preferred stock.

Schiff Attacks STRC Again

Schiff took a dig at Saylor and his firm on X, labeling the Perpetual Stretch Preferred Stock (NASDAQ:STRC) offering as a “Ponzi scheme” that gets prolonged by such commitments.

“But my guess is when the time comes, he’d suspend the dividend and crash STRC rather than crash Bitcoin,” Schiff predicted.

Strategy didn’t immediately return Benzinga’s request for comment

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The crypto industry is currently obsessed with a trillion-dollar mirage. Headlines like “$10 trillion to Real-World Asset market” are more common nowadays. We have been told that the mass-adoption savior is the Real-World Asset narrative, the idea that bringing stocks, bonds, and real estate onto a blockchain will finally bridge the gap between the fringes of decentralized finance and the stability of global finance.

This perspective is fundamentally flawed because the current state of these assets is not an evolution. It is a database migration. By tokenizing a share of a tech giant or a government bond, we are not creating a new financial paradigm. We are simply using the blockchain as a glorified and high-latency recording system for an off-chain reality that remains indifferent to smart contracts. If we want to see real revenue and meaningful capital flow into crypto, we must stop trying to put the old world in a digital straitjacket and start building assets that are natively and legally inseparable from the code they run on.

The central promise of these assets is liquidity and transparency, but if you look under the hood of most current protocols, you find a paper palace. When you buy a tokenized stock, you are not buying the actual stock. You are buying a legal promise issued by a special purpose vehicle that claims to hold the asset in a traditional brokerage account. The blockchain is merely a ledger recording who holds that promise.

This approach multiplies counterparty risk instead of minimizing it. In traditional finance, you trust the broker. In this new model, you must trust the broker, the token issuer, the smart contract auditor, and the oracle provider. You have added layers of risk without removing the central point of failure. Furthermore, an enforcement gap exists where the blockchain cannot reflect physical reality. If a tokenized property is seized or destroyed, the token on the network does not automatically change. The truth resides in a local government office rather than on the chain. Most of these offerings are also restricted to verified and accredited …

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Cryptocurrency bettors are showing the strongest conviction for XRP (CRYPTO: XRP) reclaiming $1.60 this month.

Polymarket Traders Wager On XRP’s Price

Polygon (CRYPTO: POL)-based Polymarket assigns a 28% chance of XRP hitting at least $1.60 in May. The odds were at 41% at the start of the month.

XRP slipped below $1.60 in the first week of February and has yet to recover that level.

Meanwhile, the odds of XRP dropping below $1.20 were 20%, the second highest among outcomes.

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XRP,ADA Are Breaking Out, But One CEO Is Not Convinced

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Ali Martinez, a leading cryptocurrency analyst and trader, said on Wednesday that they recorded profits after Dogecoin (CRYPTO: DOGE) hit their target at the top of a price channel.

Plan Comes To Fruition

Martinez had flagged $0.1172 as their “technical target” on April 22. DOGE hovered around $0.09 at the time, implying a 30% upside target.

The dog-themed cryptocurrency eventually hit the target on Wednesday, after which Martinez booked a profit.

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Ryan Cohen’s GameStop’s eBay Bid Interview …

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American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump on Wednesday pointed to JPMorgan Chase & Co.’s (NYSE:JPM) shift in stance on Bitcoin (CRYPTO: BTC) as a major win for the cryptocurrency sector over traditional banking powerhouses.

Trump Says Crypto ‘Won The Race’

At CoinDesk’s Consensus event in Miami, Trump stated that JPMorgan went from calling Bitcoin a “joke asset” to allowing institutional clients to use it as collateral for loans in just 18 months.

“It’s all gonna become digitized, and the banks have fought like hell. They kept that from happening, and we broke the banks,” he added. “We’ve won this race.”

Trump said that institutional cryptocurrency adoption is just getting started, and the speed of growth over the next couple of years would be “monumental.”

JPMorgan didn’t immediately return Benzinga’s request for comment.

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Sen. Elizabeth Warren (D-Mass.) reiterated on Wednesday her misgivings over suspected insider trading in bets tied to U.S. military strikes on Iran.

Warren Raises Alarm Over Iran Bets Again

Warren, citing an April report by The Guardian, pointed to traders placing “perfectly-timed” bets on U.S. strikes on Iran in February and netting millions.

“Was that just luck? Looks like insider trading to me,” the senior lawmaker said.

Iran Bets Under Scanner

Blockchain analysis revealed earlier that six suspected insider accounts made $1.2 million at the exact time of the U.S. strikes on Iran.

Later, newly …

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Leading cryptocurrencies took a breather on Wednesday, while stocks closed at new records as investors weighed the report of a potential U.S.-Iran deal to end the war.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:20 p.m. EDT)
Bitcoin (CRYPTO: BTC) -0.32% $81,050.02
Ethereum (CRYPTO: ETH)
               		 -2.08% $2,324.16
XRP (CRYPTO: XRP)                          +0.10% $1.41
Solana (CRYPTO: SOL)                          +1.71% $88.17
Dogecoin (CRYPTO: DOGE)              -3.50% $0.1109

Crypto Market Cools Down

Bitcoin consolidated in the range between $80,800 and $82,800, while Ethereum retreated to the $2,300 region after pushing past $2,400 the day before.

Shares of Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed down 0.043% and 0.82%, respectively.

Over $500 million was liquidated in the past 24 hours, with the majority of that in short positions, according to Coinglass data.

Notably, open interest in Bitcoin futures fell by nearly 4% over the last 24 hours. A falling open interest with a sideways price action typically indicates the market is consolidating or preparing for a trend reversal. 

Moreover, Bitcoin’s Long/Short Ratio on Binance stood below 1, indicating most traders were betting on a price decline.

Market sentiment shifted from “Fear” to “Neutral,” according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:20 p.m. EDT)
LAB (LAB)       +68.31%     $4.38
Billions Network (BILL)                    +59.95%     $0.06884
Venice Token (VVV)             +23.26%   …

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