Crypto

The end of another week has arrived, which means another batch of crypto options contracts are expiring as spot markets cool off.

Charles Gerstein wants a federal judge to order Tether to transfer OFAC-frozen USDT tied to Iran’s Revolutionary Guard to victims holding unpaid terrorism judgments

Gemini credit card revenue surged nearly 300% to $14.7 million in Q1, attributed to significant growth in its user base. Crypto company Gemini reported a 42% year-on-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange into a financial services company. Total revenue for the Winklevoss twins' company grew 42% year-on-year to $50.3 million in the first quarter, while transaction revenue remained stable at $24 million, the company reported Thursday. However, its crypto exchange revenue decreased 27% year-on-year to $17.2 million, “reflecting lower spot trading activity and a moderation in crypto market volumes,” while total trading volume declined to $6.3 billion from $13.5 billion in Q1 2025.  Read more

Dune co-founder and CEO Fredrik Haga says the company’s staff cuts come as it shifts focus and is “all-in” on AI and institutional interest in crypto. Crypto data company Dune said it is laying off 25% of its workforce, citing a need to restructure its business to focus on its core products. “We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on,” Dune co-founder and CEO Fredrik Haga posted to X on Thursday. “That unfortunately means we’ve let 25% of the team go this week.” Haga did not share the number of staff who were laid off. The company’s LinkedIn shows about 150 employees. Haga said the company remained “well capitalized” and that Dune was “all-in” on artificial intelligence and growing institutional interest in crypto. Read more

Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June. Shares in Bitcoin-focused Strive closed 5.8% higher on Thursday after the company said it will become a “daily dividend company” and revealed it eliminated all debt in the first quarter of 2026.  The Vivek Ramaswamy-founded company said the Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will start paying dividends every business day beginning June 16 at a current annual dividend rate of 13%. The payouts are funded by income generated from the company’s Bitcoin treasury strategy. Strive CEO Matt Cole said the move will make it the first public company to offer daily dividends, expanding on a similar playbook adopted by Michael Saylor’s Strategy, which has relied on perpetual preferred stock offerings such as Stretch (STRC) to fund its Bitcoin purchases while paying investors...

"SHIB often benefits from sector-wide speculative flows rather than needing its own news first," Perplexity stated.

The news follows growing calls from UK lawmakers and government officials to curb or temporarily ban crypto political donations in the country. United Kingdom politician Nigel Farage, the leader of the Reform Party, purchased a property valued at 1.4 British pounds ($1.8 million) after receiving a 5 million pound ($6.7 million) “personal gift” from crypto billionaire Christopher Harborne.  The real estate deal closed in May 2024, several weeks before Farage announced that he was running for office in the general elections, according to Sky News. Farage is now facing a UK parliamentary probe over the 5 million pound gift, which critics of the politician say should have been declared and registered after he took office. Read more

The unversity’s endowment disclosed holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF. The $9 billion endowment of Ivy League university Dartmouth College reported new investments with exposure to cryptocurrencies, increasing the digital assets in its portfolio since January. In a Thursday filing with the US Securities and Exchange Commission (SEC), the trustees of Dartmouth College reported that the university endowment held about $3.3 million worth of the Bitwise Solana staking exchange-traded fund (ETF). The trustees also disclosed about $3.5 million worth of the Grayscale Ethereum staking ETF and about $7.7 million of BlackRock’s iShares Bitcoin ETF.  Read more

OpenAI says ChatGPT can better detect signs of self-harm and violence as the company faces lawsuits and investigations over dangerous chatbot interactions.

Security startup Calif says researchers used a preview version of Anthropic's Claude Mythos AI to help build an Apple macOS kernel exploit.

Dapper Labs said it has signed a new licensing agreement with the NFL as it discontinues the release of NFTs on its All Day platform.

Tokenization has been the narrative of 2026. Executing on that narrative is trickier, but proponents say the benefits are massive if they pull it off.

Coinbase plans to expand USDC adoption on Hyperliquid while Native Markets gradually "sunsets" USDH.

Strategy's Michael Saylor called Strive's impending shift to daily dividend payments "impressive."

Moonshot AI just shipped a browser extension that hands the wheel to AI agents. It clicks, scrolls, fills forms, and navigates your Chrome or Edge—without sessions ever leaving your machine.

Celsius‘ former chief revenue officer received a lenient sentence after his 2023 guilty plea for fraud and conspiracy to commit price manipulation. A US federal judge has sentenced the former chief revenue officer of defunct cryptocurrency lending platform Celsius to time served after almost three years following his arrest on fraud and conspiracy charges. In a sentencing hearing in the US District Court for the Southern District of New York on Wednesday, Judge John Koeltl ordered that Roni Cohen-Pavon be sentenced to time served and one year of supervised release for his role in manipulating the price of Celsius’s CEL token and fraud on the platform. The former chief revenue officer initially pleaded not guilty to four charges following his arrest in September 2023, changing his plea to guilty about a week later. Read more

Bitcoin’s $79,000 defense proves that the Coinbase discount is driven by stablecoin volatility rather than a lack of institutional demand. Key takeaways: Bitcoin (BTC) showed resilience on Thursday by successfully defending the $79,000 level. However, some traders worry that upside momentum is stalling as Bitcoin on Coinbase trades at a discount relative to stablecoin pairs on international exchanges. While the indicator is often debated, it potentially suggests a lack of institutional buying demand, though the situation is likely more complex. Read more

Bitcoin has started showing early signs of weakness after its recent recovery rally toward the $80K resistance region. The market is now confronting a technically important supply zone where sellers have become increasingly active, raising the probability of a broader corrective phase in the short term. Bitcoin Price Analysis: The Daily Chart On the daily […]

Dubai, UAE, 14th May 2026, Chainwire

Abu Dhabi, UAE, 14th May 2026, Chainwire