News section
SEC pumps the brakes on prediction market ETFs set to debut this week: Reuters
The prediction market ETFs covered U.S. election outcomes, layoffs in the tech sector and the likelihood of a recession.Prediction market platforms Kalshi and Polymarket have done a massive $85 billion in volume so far in 2026.
2026-05-04 23:54:00

Why Morgan Stanley says Bitcoin on US bank balance sheets is coming but not yet
The Basel Committee’s 1,250% risk-weight on unbacked crypto makes direct Bitcoin balance-sheet exposure economically unviable for major banks under current rules.Morgan Stanley’s MSBT launched April 8 as the first US bank-affiliated Bitcoin ETP, hitting $100M in six days entirely through self-directed client demand with zero advisor involvement.The bank recommends a 2% to 4% Bitcoin allocation to certain clients and is pursuing an OCC digital trust charter for direct crypto custody and spot trading.
2026-05-04 22:44:00

Bitcoin price reclaims $80,000 for first time since January as Consensus 2026 opens
April’s $1.97 billion in spot Bitcoin ETF inflows was the highest monthly total of 2026, setting the stage for the $80,000 reclaim.CryptoQuant analysts said the rally is driven by ETF inflows and leveraged longs, not broad-based spot buying, a pattern historically linked to fragile gains.Polymarket odds put the chance of Bitcoin reaching $90,000 in May at just 23%, reflecting low conviction about further upside.
2026-05-04 21:19:54

K-Pop Firm's Stock Plunges as It Dumps Bitcoin Treasury Plan for AI Pivot
K Wave Media is shifting $485 million in funding from its Bitcoin treasury strategy towards an AI infrastructure play.
2026-05-04 21:15:24

Texas Residents Sue MARA Holdings Over Bitcoin Mining Noise
The new lawsuit targets MARA’s Granbury site as cryptocurrency mining companies pivot to providing AI infrastructure.
2026-05-04 16:51:46

Strategy Skips Bitcoin Buy as BTC Hits $80K for First Time Since January
Bitcoin just hit its highest price in months, right as $65 billion treasury firm Strategy took a rare week off from BTC accumulation.
2026-05-04 14:39:48

GameStop Makes $55.5 Billion Offer to Acquire eBay
GameStop has built a 5% stake in eBay and proposed to fund the deal with cash on hand plus third-party financing.
2026-05-04 13:50:55

Morning Minute: Bitcoin Clears $80K, Reverses on Iran Missile Strike
Bitcoin rallied above $80,000 overnight before selling off on reports of a U.S. warship struck by Iranian missiles. Plus, Clarity Act odds spiked after a new compromise on stablecoin yield.
2026-05-04 13:19:36

Bitmine adds 101,745 ETH as holdings hit 5.18m tokens
Bitmine added 101,745 ETH last week, pushing total Ethereum holdings to 5.18 million tokens now.Staked ETH reached 4.36 million tokens, giving Bitmine about $10.2 billion in staked assets.Ethereum Foundation sales added context as Bitmine moved closer to its 5% ETH supply target.
2026-05-04 13:04:59

Bitget CFD daily volume hits record $8B on gold surge
Bitget says its contracts-for-difference (CFD) business has reached a new all-time high, with single-day trading volume surpassing $8 billion.Gold-related products drove roughly 95% of the incremental activity, making precious metals the core engine of Bitget’s cross-asset trading uptick.Chinese-speaking, European, and Southeast Asian markets together accounted for 85% of the growth, underscoring a broad regional expansion.
2026-05-04 13:00:00

South Korea crypto AML plan sparks 5.4m report warning
DAXA warned South Korea’s AML plan could raise exchange reports from 63,000 to 5.4 million.The proposal would flag overseas-linked crypto transfers above 10 million won as suspicious transactions automatically.Korean exchanges are already fighting FIU sanctions as courts review several AML-related enforcement actions.
2026-05-04 12:20:49

Bitcoin rises past $80,000, breaking 'major' psychological resistance zone
Bitcoin jumped 2.6% above $80,000, and Ether gained 3.6% to trade at $2,382 as of 11:40 p.m. ET Sunday.Trump said Sunday that the U.S. will guide stranded ships through the Strait of Hormuz, while an Iranian official warned that such a mission could be considered a violation of the ceasefire.
2026-05-04 12:04:00

Michael Saylor's Strategy pauses weekly bitcoin purchases ahead of Q1 earnings release
Strategy Chairman Michael Saylor announced that the company will not purchase bitcoin this week.Strategy’s first-quarter earnings report is set to release on Tuesday, with Wall Street analysts expecting a $18.98 loss per share.
2026-05-04 11:05:00

GameStop targets eBay in $55.5B deal as Cohen takes aim
GameStop offered $125 per eBay share, valuing the unsolicited takeover proposal at about $55.5 billion.Ryan Cohen would lead the combined company if GameStop’s cash-and-stock acquisition proposal for eBay succeeds.GameStop says $2 billion in yearly cost cuts could come within twelve months of closing.
2026-05-04 10:57:25

Capital B secures $1.28M from Adam Back to build Bitcoin stash
Capital B has raised €1.1 million through warrants fully subscribed by Blockstream CEO Adam Back, increasing his stake to 9.97% on a diluted basis.The company said the funds will support its Bitcoin treasury strategy, as shares rose over 6.5% on the announcement despite a 16% decline in 2026.
2026-05-04 10:09:41

Strategy pauses Bitcoin buying, STRC dividend draws fire
Strategy has paused Bitcoin purchases for the week ahead of its first quarter earnings report, with Michael Saylor confirming no buys in a Sunday update.The company last acquired 3,273 BTC for $255 million, taking total holdings to 818,334 BTC valued at roughly $63.7 billion.Analysts expect a $18.98 per share loss, while criticism has intensified around STRC’s 11.5% dividend and its long-term sustainability.
2026-05-04 05:49:06

