Crypto News

Piper Sandler raised its price target on Block but maintained an ‘Underweight’ rating, questioning whether recent margin expansion can be sustained.

Over 62% of TeraWulf’s revenue now comes from its pivot towards data center infrastructure, with Core42, Fluidstack, and Google in the tenant mix

The company posted a quarterly loss of $1.49 per share, while analysts had expected earnings of $0.04 per share.

Nearly $300 million in crypto positions were liquidated over the past 24 hours, with long traders accounting for most losses.

SharpLink Gaming CEO Joseph Chalom said at Consensus Miami 2026 that the bear case for crypto and Ethereum is now “very small” due to accelerating institutional adoption.

Wall Street analysts raised their price targets on HUT’s stock following the company’s announcement of a $10 billion AI data center lease in Texas.

Tom Lee’s comments come after Strategy paused its Bitcoin accumulation last week, and executive chairman Michael Saylor said that the company might even sell some of its BTC holdings.

The statement comes after Saylor said Bitcoin sales could be used to pay dividends or optimize Strategy’s balance sheet during the company’s first quarter earnings call.

Bitwise announced on Thursday it will take over management of the $267 million Superstate Crypto Carry Fund starting June 1.

Retail traders on Stocktwits debated whether Michael Saylor may eventually sell Bitcoin holdings after comments during the company’s earnings call.

The surge in ETF demand comes after spot Bitcoin ETFs recorded $2.44 billion in inflows during April, their strongest monthly performance since October 2025.

Dogecoin and Ethereum led losses among major cryptocurrencies, falling 4.2% and 3.6%, respectively.

The LinkedIn co-founder said that cryptographic proofs and decentralized systems offer advantages over traditional infrastructure.

Zach Witkoff echoes Tether CEO’s “trillions of agents” vision for future crypto transactions.

The debate has been influenced by concerns over President Donald Trump’s crypto-related business interests.

Wall Street remained divided, with BTIG raising its MSTR price target to $350 while Benchmark cut its target to $570, though both firms maintained a ‘Buy’ rating on the shares.

Core Scientific stock rose more than 10% to hit a record high of over $25 on Wednesday, following its Oklahoma expansion announcement.

Riot Platforms shares rose more than 12% in intra-day trade on Wednesday, reaching their highest level since March 2022.

Despite Bitcoin reclaiming key levels, traders are increasingly betting against the rally.

Bitcoin’s price climbed to a fresh three-month high above $82,700 before easing back to around $81,700.

HUT stock’s rally followed the announcement of a 15-year, $9.8 billion data center lease in Texas tied to AI infrastructure.

Despite the recent ZEC rally, analysts flagged weak on-chain structure and sentiment, while whale data showed an $11 million short position.

During the quarterly earnings call, executive chairman Michael Saylor said Strategy may consider selling Bitcoin if it improves “Bitcoin per share” or strengthens the balance sheet.

The fresh outcry follows the Senators. Thom Tillis and Angela Alsobrooks’s new bipartisan consensus last week to advance the CLARITY Act ahead of a likely markup next week.

Hyperliquid Chairman Bob Diamond said HYPE’s price could hit $150 if the decentralized exchange continues to grow at a compounded annual rate of 15% to 20%.

At Consensus Miami, Blockstream CEO Adam Back compared Bitcoin’s “bearer and final” design to TradFi’s reversible systems, emphasizing a stronger reliance on cryptography but plenty of time to adapt.

Ripple CEO Brad Garlinghouse said at Consensus Miami 2026 that the company does not plan to cut jobs due to artificial intelligence.

Circle’s proposal ties into the GENIUS Act, with broader crypto regulation under the CLARITY Act, which is still facing delays as lawmakers continue discussions.

The BitMEX founder pointed to crypto’s growth to a multi-trillion-dollar market despite years of regulatory uncertainty.

In April, Ark Invest teamed with Kalshi to use the data to incorporate prediction markets into their own research.

Cipher Mining shares rose more than 9% despite missing Wall Street estimates on both earnings and revenue.

Shares of Circle Internet Group led large-cap gains, while retail sentiment on Stocktwits around the company flipped to ‘extremely bullish’ from ‘bearish’ over the past day.

As XRP increased from 10 cents per token over the cycles, the former Ripple CTO said he would hold more XRP if not for his Ripple stake, but he chose to walk away from the crypto bet.

Coinbase cuts jobs amid bear market, aiming for leaner teams and faster, high-impact operations

The deal includes $1.85 billion in assumed debt and $2.35 billion in stock consideration.

Bitcoin held above $80,000, nearing the $82,000 ETF cost basis, while analysts like PlanC pointed to a cycle that began at $16,000 and could extend beyond $250,000.

Coinbase Ventures will invest in Kemet, signaling a long-term push to strengthen its institutional trading ecosystem and “everything exchange” vision.

White House advisor Patrick Witt said Section 1960 is the final major hurdle in passing the CLARITY Act, but shall be resolved “very soon.”

The SEC has reportedly delayed the launch of more than two dozen prediction market ETFs, including products from Roundhill, Bitwise, and GraniteShares.

Senate markup could reportedly happen as early as mid-May, with the remaining DeFi provisions to be ironed out in the coming weeks.

The fund is the only ETF among the top 12 by flows this year that remains in the red.

ARK Invest has recently reduced Bitcoin exposure, selling 243147 shares of its ARK 21Shares Bitcoin ETF, even as Bitcoin’s price has steadily risen.

World Liberty Financial on Monday filed a countersuit against Justin Sun over the Tron founder’s claim that the crypto project was a “illegal scheme.”

Strive added 444 Bitcoin, while Bitmine Immersion Technologies bought 101,745 Ethereum to add to their respective treasuries.

Metaplanet CEO highlighted Japan’s trillions in low-yielding cash and saw vast potential in Bitcoin-linked income products beyond just holding the asset.

Hut 8 replaced its Bitcoin-backed loan from Coinbase with a $200 million credit facility from FalconX.

Analyst Maartunn suggested $79,000 for confirmation, while PlanC suggested an increase over $80,000 might push prices to $90,000 to $100,000.

The President wrote that ‘Project Freedom’ would help “free” cargo ships stranded in the Strait of Hormuz that belong to countries that not involved in the the Middle East conflict.

Some traders cited Etsy as a more feasible objective, matching GameStop's collectibles and niche e-commerce effort.

Prediction markets have surged in popularity but face scrutiny from lawmakers who say they resemble “illegal gambling,” raising regulatory uncertainty.