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Cryptocurrency hardware wallet manufacturer Ledger has partnered with Yield.xyz to support trading in Hyperliquid (HYPE)-based perpetual futures markets within its wallet ecosystem, The Block reported. This integration allows users to conduct leveraged trading in an enhanced security environment while maintaining direct control over their private keys. Yield.xyz is a non-custodial API service that enables sourcing yield from various on-chain activities, including staking, lending, and RWA yields. The Hyperliquid-based service will initially be rolled out to 20% of users in select regions, with a gradual expansion to more countries planned.

Major exchanges have seen $101 million worth of futures liquidated in the past hour. In the past 24 hours, $363 million worth of futures have been liquidated.

KelpDAO has claimed that a LayerZero (ZRO) employee approved the 1:1 validator configuration blamed for a $292 million rsETH hack. According to CoinDesk, this assertion contradicts a post-mortem analysis released by LayerZero on April 19. In its report, LayerZero stated that it had recommended a multi-DVN setup with multiple validators, but KelpDAO's rsETH application configured LayerZero Labs as the sole validator. KelpDAO countered by stating that it was never warned that a single-validator setup could pose a significant security risk during eight discussions held over a period of more than two and a half years.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig said the agency will continue to sue state governments that infringe on federal authority over prediction markets, reported Eleanor Terrett, host of Crypto in America. Selig added that he expects the dispute between the federal and state governments to reach the Supreme Court.

Strategy announced its first-quarter earnings, reporting a net loss of $12.54 billion for the period. According to CoinDesk, the company currently holds 818,334 BTC, with an average purchase price of $75,537. Additionally, Strategy held $2.25 billion in cash and cash equivalents at the end of the first quarter, an amount sufficient to cover preferred stock dividends for about 18 months.

The three major U.S. stock indices closed higher today. - S&P 500: +0.81% - Nasdaq: +1.03% - Dow Jones: +0.73%

Executives from major Wall Street institutions including Citigroup, JPMorgan, and the DTCC stated at Consensus 2026 in Miami that blockchain-based tokenization is quietly moving beyond the pilot phase and into commercialization. According to CoinDesk, the executives said during a panel discussion that they believe tokenization will improve, rather than disrupt, banking transaction systems. They explained that blockchain-based systems are now fully operational with real volume and clients, which is shaping how the technology is deployed. While tokenization will not replace the existing system overnight, it is steadily reshaping its underlying infrastructure, they added.

U.S. fintech platform SoFi (SOFI) announced it will issue its stablecoin on the Solana network, citing speed and cost savings. According to The Block, SoFi explained that Solana was chosen for its cost-effectiveness, settlement speed, and overall throughput. In December 2025, SoFi launched SoFiUSD, the first stablecoin issued by U.S. national bank SoFi Bank and backed by Federal Reserve cash.

The U.S. banking industry is divided over a proposed compromise on stablecoin interest within the crypto market structure bill, reported Eleanor Terrett, host of CryptoInAmerica. According to Terrett, large banks with consumer-facing business divisions are raising objections to the proposal, while banks without such divisions are more receptive. She added that some regional banks have expressed support for the measure, but the Independent Community Bankers of America (ICBA), which represents smaller banks, has also voiced concerns.

The U.S. Chicago Mercantile Exchange (CME) plans to launch a Bitcoin volatility futures product on June 1, pending regulatory approval, Solid Intel reported.

Crypto custody and banking firm Anchorage Digital is launching an AI agent-based banking service and partnering with Google Cloud to build infrastructure that will allow AI agents to trade and manage funds, CoinDesk reported.

The Tennessee Bankers Association (TBA) has selected Stablecore as its preferred technology provider for cryptocurrency services, Cointelegraph reported. The move suggests growing interest in cryptocurrency infrastructure among local financial institutions.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

U.S. Representative Steven Horsford said at Miami Consensus 2026 that the Digital Asset PARITY Act will serve as the foundational framework for cryptocurrency taxation. He explained that the bill includes tax standards for stablecoin payments, tax deferrals on staking and mining rewards, and rules for digital asset wash sales.

Solana (SOL) co-founder Anatoly Yakovenko stated at Consensus 2026 in Miami that the network's Alpenglow upgrade could be implemented as early as the third quarter. According to CoinDesk, he explained that Alpenglow will be a key step in significantly improving network speed, stability, and transaction scalability.

The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal to replace quarterly reporting requirements for public companies with a semi-annual system, a move that could impact the cost structures of listed cryptocurrency firms like Coinbase, BeInCrypto reported. If adopted, the change would mean companies only need to disclose earnings twice a year. According to the report, while businesses would benefit from a reduced disclosure burden, the longer reporting cycle poses risks of lower investor confidence and reduced liquidity. This would require listed crypto companies to balance the potential cost savings against the need for market transparency.

Blockchain-based online lending platform Figure is entering the U.S. home mortgage market, CoinDesk reported. The company claims its proprietary blockchain platform can reduce lending costs by approximately 91% compared to traditional methods. Figure explained that applications for Home Equity Lines of Credit (HELOCs) can be approved within five minutes and funded within three days, a significant reduction from the standard 30 to 45 days. The company is primarily targeting the market for loans under $300,000 and is also pursuing increased profitability through DeFi integration and a shift to a marketplace model.

An anonymous cryptocurrency whale investor has filed a lawsuit against Coinbase, alleging the platform failed to return funds stolen in a hack. While key details of the suit have not been disclosed, Decrypt reported that it appears to be related to a $55 million DAI phishing attack that occurred in August 2024. The investor claims to have hired multiple firms to trace the crypto's whereabouts after the hack and discovered the stolen funds in a Coinbase account. According to the investor, Coinbase stated in early December 2024 that it would freeze the funds pending the results of an investigation, but a year and a half has passed and the assets have not been returned.

U.S. prosecutors have requested leniency for former Celsius Chief Revenue Officer (CRO) Roni Cohen-Pavon, citing his cooperation with their investigation, Cointelegraph reported. The prosecution noted Cohen-Pavon's assistance in the trial of former Celsius CEO Alex Mashinsky and recommended a reduced sentence. Cohen-Pavon pleaded guilty in 2023 to fraud charges related to the manipulation of the CEL token. His sentencing has been postponed to May 13.

It is too early to determine if BTC has entered a full-blown bull market, according to crypto analyst Cryptometugce. The analyst noted that while BTC is showing early signs of an uptrend and market confidence is recovering—with the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) remaining above one—a key variable remains. Specifically, BTC has not yet broken through the short-term holder's realized price, which is considered a critical resistance level. A stable move above this price would be a clearer signal of a bull market entry, Cryptometugce explained.

Amid Coinbase's (COIN) announcement that it will cut approximately 14% of its workforce, the prediction market Kalshi is pricing in a 92% probability that tech sector layoffs in 2026 will surpass the 447,000 recorded in 2025. A similar market on Polymarket places the odds at 87%.

Ripple CEO Brad Garlinghouse said the next two weeks will be a critical period for the passage of the crypto market structure bill (CLARITY). Speaking at the Consensus 2026 event in Miami, he explained that if the Senate Banking Committee does not conduct a markup of the bill, its chances of passing will drop sharply, CoinDesk reported. Garlinghouse added that the issue could become too sensitive if it extends until the midterm elections. He stressed that the bill is essential, stating that clarity is better than confusion.

Bernstein has maintained its "Outperform" rating for Figure, a blockchain-based online lending platform, setting a price target of $67, Cointelegraph reported. This target implies a potential upside of approximately 67% from the current share price. The investment firm noted that Figure is transitioning into a platform for the blockchain-based credit market and has shown steep growth recently. Bernstein expects this trend to continue, highlighting that the market for tokenized credit products could expand to around $4 trillion.

The Solana Foundation has partnered with Google Cloud to develop Pay.sh, a new payment system for AI bots. According to The Block, the system enables AI bots to search, access, and pay for API usage with stablecoins on the Solana network without needing to create accounts or pay subscription fees to online service providers. The system utilizes the x402 protocol, an open AI payment standard developed by Coinbase, as its gateway service.

Corporate entities accumulating HYPE (DAT) now hold approximately 9% of the token's circulating supply, Wu Blockchain reported. This proportion is higher than for other major assets like BTC, ETH, and SOL. According to some analysts, HYPE is the only major cryptocurrency being accumulated by corporations that trades at a premium to its modified net asset value (mNAV). They suggested this structure facilitates additional fundraising and supply absorption, adding that the potential approval of a HYPE-related ETF could positively impact its price.