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The Fellowship PAC disclosed that it had spent $1.75 million in support of Texas Attorney General Ken Paxton, facing Senator John Cornyn in a May runoff. The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate races, with the majority going toward to support a Texas Republican candidate. In a Tuesday filing with the US Federal Election Commission (FEC), Fellowship PAC disclosed that it had spent $1.75 million in support of Texas Attorney General Ken Paxton. The Republican is facing off against incumbent Senator John Cornyn in a May 26 runoff to determine who will become the party’s candidate for the 2026 US Senate race. In addition to Paxton, the PAC reported spending $350,000 on advertising for Mike Collins in Georgia’s Senate race, $350,000 on Barry Moore in Alabama’s Senate race, and $250,000 and $350,000 on Blake Miguez and Julia Letlow, respectively, for House a...
Inflows to the spot Ether ETFs topped $633 million over the past 10-days, but are the flows significant enough to trigger a rally to $3,000? Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain. Read more
Retail crypto activity fell 11% in Q1 as macro pressures weighed on markets, though Turkey and emerging economies showed resilience, TRM Labs data shows. Global crypto adoption declined in the first quarter as retail activity weakened under mounting macroeconomic and geopolitical pressures, underscoring the sector’s continued sensitivity to broader market conditions. TRM Labs’ Q1 Global Crypto Adoption Index showed an 11% year-over-year drop in retail crypto volumes, to $979 billion. The decline marked a second consecutive quarterly contraction and the sharpest pullback since the 2022 bear market. The downturn was largely driven by a stronger US dollar, higher interest rates and a broader risk-off environment, all of which weighed on retail participation, TRM said. The softer demand coincided with a 22% drop in the price of Bitcoin (BTC) during the quarter. Read more
The integration with Marinade Finance lets clients earn yield via validator selection strategies while retaining custody and control within a single platform. Anchorage Digital has integrated Marinade Finance into its platform, allowing institutional clients to stake Solana tokens through automated validator strategies while maintaining custody of their assets. According to Thursday’s announcement, the integration gives clients direct access to Marinade’s staking strategies within Anchorage’s custody and wallet infrastructure, including its Porto self-custody wallet, without requiring external applications. The setup separates staking delegation from withdrawal control, allowing institutions to participate in validator selection and yield generation while retaining asset control. Read more
The stablecoin issuer cited "activity tied to unlawful conduct” but no further explanation for the freezing of the dollar-pegged tokens held in two wallet addresses. Tether, the company that issues the USDt dollar-pegged stablecoin, said Thursday that it froze more than $344 million in USDt at the request of US law enforcement officials. The company froze two wallet addresses at the request of US authorites for “activity tied to unlawful conduct,” according to Tether’s announcement. Tether did not provide a specific reason for the asset freezes, but said that it freezes wallet addresses tied to “sanctions evasion, criminal networks, or other illicit activity.” Read more
A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising? Bitcoin (BTC) has rallied 30% since its 2026 low of $60,000, and stablecoin balances on exchanges suggest the market has entered a disbelief phase, with roughly $7.5 billion in USDC on Binance highlighting readily deployable capital that traders could start positioning soon. Data show that derivatives market positioning has not kept pace with the bullish price trend. Crypto analyst Darkfost tracked the 30-day cumulative funding rate, which aggregates funding over time to reveal sustained positioning. The metric stands near -4.5%, reflecting a prolonged bearish bias against the current move. The analyst explained that the negative funding creates conditions that incentivize traders to take the opposite side. Read more
MoonPay has expanded its virtual accounts product to New York, allowing businesses to convert fiat into stablecoins and settle funds without prefunding across jurisdictions. MoonPay has launched fiat-to-stablecoin virtual accounts in New York, allowing businesses to convert incoming funds from bank rails such as ACH and SWIFT into stablecoins and settle them directly to non-custodial wallets through a single API. The product is underpinned by technology provider Iron and allows platforms to issue named, dedicated accounts that receive fiat and automatically convert it into stablecoins, enabling payment, trading and treasury flows without relying on prefunded balances or multiple intermediaries. The rollout in New York follows MoonPay’s acquisition of Iron in 2025 and builds on integrations with platforms including Deel and Paysafe, extending its stablecoin infrastructure across payroll and payments networks, according to Thursday's announcement. Read more
More than 120 entities associated with the crypto and blockchain industry signed onto a letter urging US Senators to move forward with a crypto market structure bill. More than 120 entities affiliated with the cryptocurrency and blockchain industry are urging US lawmakers to stop stalling on the advancement of a digital asset market structure bill. In a Thursday letter to leaders in the US Senate Banking Committee, the Crypto Council for Innovation (CCI) and Blockchain Association said that the body should “proceed towards a markup of the CLARITY Act to provide a comprehensive federal market structure framework for digital assets.” The legislation, expected to be one of the most significant laws to potentially impact the crypto industry, passed the House of Representatives in July 2025 but has been delayed due in part to government shutdowns and debates over stablecoin yield and other issues. Read more
FIGR stock retreated after a brief rally as shifting sentiment hits crypto-linked equities, even as analysts point to strong growth in the fintech's blockchain-based lending. It's been a volatile week for the shares of Figure Technology Solutions as crypto-linked stocks react to shifting investor sentiment and early signs of a broader market rebound. FIGR stock fell more than 9% in early Thursday trading, slipping back to the mid-$32 range after climbing near $37 earlier in the week. The earlier gains were driven by momentum in crypto-related equities and growing investor interest in companies tied to blockchain-based lending. Today's decline extended Figure's more than 20% year-to-date slide, reflecting ongoing uncertainty around both crypto markets and higher-growth technology stocks. The sharp swings highlight how sensitive the stock has become to changes in market sentiment. Read more
Ethereum signalled a potential rally to $6,000 as bullish technicals, tightening supply, and rising institutional demand are starting to look like major tailwinds. Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin is primed for a bigger rally toward $6,000 or higher. Key takeaways: Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price. Read more
Bitcoin brought its bull market support band as a key level for BTC price action to reclaim during the weekly candle close. Bitcoin (BTC) slipped from near three-month highs on Thursday as attention turned to the weekly close. Key points: Bitcoin retraces after its latest trip to its highest levels in several months. Read more
Spanish police seized crypto cold wallets tied to an alleged illegal manga site, as questions remain over whether officers can access the funds. Spanish police seized two crypto cold wallets containing about 400,000 euros ($467,000) during a raid on what authorities described as the country’s largest illicit Spanish-language manga distribution platform. Police in Almería arrested three suspects and confiscated two cold wallets hidden inside a wall thermometer, seized from what authorities called the largest portal for illegal manga distribution that generated over 4 million euros ($4.6 million) over the past decade, according to Spain's Interior Ministry. The ministry said the website had offered free access to pirated manga since 2014 and generated most of its revenue through advertising. Read more
The FTX estate sold its Cursor stake for $200K in 2023, now worth $3B after a SpaceX-linked valuation surge, raising questions about bankruptcy asset sales. The FTX bankruptcy estate sold a 5% stake in AI coding startup Cursor for $200,000 in April 2023, missing out on roughly $3 billion after the company was valued at $60 billion in a SpaceX-linked deal this week. On Wednesday, SpaceX said it has secured the right to acquire Cursor later this year at a $60 billion valuation, or alternatively pay a $10 billion breakup fee if the transaction does not proceed. That valuation sharply revalues FTX’s earlier position in the company, which traces back to April 2022 when Alameda Research, a quantitative trading firm also founded by Sam Bankman-Fried, invested $200,000 in Anysphere, the startup behind Cursor. The investment reportedly secured about a 5% equity stake at a $4 million valuation. Read more
OKX integrates BitGo off-exchange settlement for US institutions, reducing pre-funding requirements and marking a key step in its US expansion following ICE investment. Cryptocurrency exchange OKX is accelerating its push into the United States by rolling out off-exchange settlement for its US institutional clients. OKX has integrated the Off-Exchange Settlement (OES) platform by publicly listed digital asset custodian BitGo, the company said Thursday in an announcement shared with Cointelegraph. The integration enables institutional clients to trade on OKX while keeping assets secured in BitGo’s cold custody, aiming to eliminate pre-funding requirements and improve capital efficiency. Read more
The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council. The exploiter behind the roughly $293 million Kelp DAO hack appears to have laundered nearly all of the unfrozen Ether stolen in the attack, narrowing recovery efforts to the tranche Arbitrum’s security council managed to freeze. The Kelp Dao hacker appears to have laundered nearly all of the 75,700 Ether (ETH) stolen from the protocol on Saturday. The hacker primarily used the THORChain to swap the Ether for Bitcoin (BTC), generating about $910,000 in fee revenue for the protocol, according to blockchain analyst EmberCN in a Thursday X post. The attacker began moving the funds on Tuesday, sending roughly 75,700 ETH, worth about $175 million at the time, into newly created wallets before routing the assets through THORChain and privacy protocol Umbra. Arkham data showed the attacker’s tagged main wallet had been largely emp...
Flying Tulip said its withdrawal safeguard is designed to fail open, while a status page lets users monitor the system in real time. Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string of major exploits. According to Flying Tulip’s documentation, the mechanism is designed to slow funds leaving the protocol if outflow capacity is exceeded, giving the team time to investigate suspicious activity and limiting how much an attacker could drain in a worst-case scenario. Flying Tulip said the circuit breaker works differently across products. In the first version of the circuit breaker, used in its Perpetual PUT product, withdrawals can revert and users must retry later. In the second version, used in Flying Tulip’s stable asset and settlement currency, ftUSD, withdrawals are queued and become claimable after a delay instead of being rejected ...
US-listed spot Bitcoin ETFs recorded a seven-day inflow streak totaling $1.9 billion, surpassing their March run over a similar period. US-listed spot Bitcoin exchange-traded funds (ETFs) have been gaining momentum amid Bitcoin’s price recovery, showing steady inflows since mid-April. Spot Bitcoin (BTC) ETFs logged $335.8 million in inflows on Wednesday, marking the seventh consecutive day of inflows, according to Farside data. During the inflow streak, the ETFs drew around $1.9 billion in total inflows, surpassing the previous seven-day inflow streak in March, which totaled $1.2 billion. Read more
MetaMask co-founder Dan Finlay is stepping down from ConsenSys citing burnout, as long-time crypto figures such as Bitcoin advocate Preston Pysh also pull back from public roles. MetaMask co-founder Dan Finlay is stepping down from ConsenSys after more than a decade working on the popular self-custody wallet, citing burnout and a desire to spend more time with his family. In a Thursday post on X, Finlay announced his decision and said that he wishes the MetaMask team “the best,” and believes they “have an amazing road ahead of them.” Finlay has been one of the most visible faces of MetaMask since its early days as a browser extension in the 2010s, helping the wallet grow into a default gateway to Ethereum (ETH) and other Ethereum Virtual Machine (EVM)-compatible networks. Read more
The industry's premier festival will host 20,000 attendees, merging heavy-hitting traditional finance integration with unmatched Miami nightlife. The industry's premier festival will host 20,000 attendees, merging heavy-hitting traditional finance integration with unmatched Miami nightlife. MIAMI, FL, APRIL 23, 2026, Press release – On May 5–7, Consensus Miami – the longest-running and most influential gathering for digital assets – will bring together 20,000 attendees from over 100 countries, including representatives from over 200 Fortune 500 companies. The event also marks the U.S. return of Solana Accelerate, uniting over 3,000 builders, executives, and policymakers. Driven by massive institutional momentum and a highly anticipated return to the U.S., the event is shaping up to be one of the most consequential global gatherings the industry has seen to date. The event serves as ground zero for the convergence of crypto at scale, institutional integration, and agentic commerce. Digital assets are no longer...9894 items