Trader Murad Mahmudov may lose another $1.56 million if its top bet, SPX6900, drops another 20% in the coming weeks. Murad Mahmudov, a crypto trader also known as the “Memecoin messiah,” has lost nearly $60 million across his bets in the past nine months. Still, he expects a bullish reversal. Key takeaways: Mahmudov thinks SPX6900, which is 96% of his memecoin portfolio, will rise 400,000%. Read more
Altura, a DeFi protocol led by former Fidelity and PwC staff, is pitching retail investors an onchain gold arbitrage vault targeting 20% yields as bullion trades near record highs. Altura, a decentralized finance protocol founded by former Fidelity and PwC staff is launching an onchain gold arbitrage strategy aimed at retail investors, targeting 20% annualized returns, according to a Thursday release shared with Cointelegraph. According to Altura, the product pools user deposits into a vault that recycles capital through short-duration physical gold trades. Unlike platforms like Robinhood or Revolut that offer passive gold price exposure, Altura claims to be tokenizing the underlying arbitrage process itself. The company says it has raised $4 million in funding and has already facilitated the movement of about 185 kilograms of gold, representing roughly $28.5 million in cumulative transaction volume, per the release. Read more
Wallet in Telegram rolls out perpetual futures via Lighter DEX, enabling leveraged trading on crypto, stocks and commodities directly inside the messaging app. Wallet in Telegram, a third-party wallet integrated directly into the Telegram app, is rolling out perpetual futures support with Lighter, a perpetuals decentralized exchange. Launching Thursday, perpetual futures are available to Telegram users through an integrated custodial solution, Crypto Wallet, the platform said in an announcement seen by Cointelegraph. The integration allows users to open long and short positions with up to 50× leverage across more than 50 assets, including crypto assets such as Bitcoin (BTC) and Toncoin (TON), as well as tokenized commodities and stocks. Read more
Arkham data linked a 500 BTC outflow to Riot Platforms, worth roughly $34 million, as Bitcoin miners and treasury companies navigate listing pressures and volatile market conditions. Arkham flagged a 500 Bitcoin outflow from a wallet it attributes to Riot Platforms on Wednesday, in a possible sale the company had not publicly commented on by publication time. The Bitcoin (BTC) wallet outflow sale comes shortly after Riot posted record 2025 revenue of around $647 million, driven by an increase in Bitcoin mining revenue, and amid other recent Bitcoin disposals by large listed miners. Last week, MARA Holdings disclosed that it sold about $1.1 billion worth of Bitcoin in March to repurchase convertible debt at a discount, reflecting similar moves by other public miners that have collectively sold over 15,000 BTC in recent months as they balance operational needs and investment plans against a more volatile price and cost backdrop. Read more
A new bill in Canada would ban crypto donations to political parties, a move which election overseers have supported in past recommendations to Parliament. A new bill in Canada, if passed, would ban political parties and other third parties in elections from accepting cryptocurrency donations in a bid to prevent election interference. The Strong and Free Elections Act would also ban contributions made by money orders and prepaid cards, citing these methods as difficult to track. The bill notes the potential for foreign actors to influence elections through difficult-to-trace digital payment methods, ensuring Canadian elections “remain free, fair and secure at all times,” according to Government House Leader Steven MacKinnon. Read more
High-demand assets enable continuous settlement, collateralization and network effects. Programmability on dollars and bonds compresses financial frictions where trillions already flow. Opinion by: Sebastián Serrano, founder and CEO of Ripio. For much of the past decade, the crypto industry has tried to tokenize niche assets in an attempt to reinvent finance. While creative, this approach has largely missed the core economic truth about where tokenization actually creates value. In these early stages of blockchain adoption, tokenization works best not at the fringes of the economy, but at its center. The industry’s first instinct — to tokenize illiquid assets — was a miscalculation. The most successful tokenization effort involved the most liquid asset in the world (the US dollar) in the form of USD-backed stablecoins. Read more