Live Feed

KWave Media (KWM), a Nasdaq-listed South Korean entertainment company, has announced it will reinvest up to $485 million previously secured for its Bitcoin treasury strategy into artificial intelligence (AI) infrastructure. According to Cointelegraph, KWM will allocate the funds toward data centers, GPU computing operations, and related AI investments under a modified securities purchase agreement with Anson Funds. The company explained the move is intended to facilitate debt reduction and restructuring. KWM first announced its Bitcoin treasury strategy in 2025 as part of a capital market reorganization plan.

Data from prediction market Polymarket shows a 64% probability that U.S. President Donald Trump will sign market structure legislation for crypto this year.

Circle announced it has secured approval from the EU to provide cryptocurrency asset services. This allows the company to offer custody and transfer services for USDC and EURC across the European Economic Area (EEA).

Tokenized securities platform Securitize announced via X that it has expanded its broker-dealer scope after its Continuing Membership Application (CMA) was approved by the U.S. Financial Industry Regulatory Authority (FINRA). With this approval, Securitize has become the first broker-dealer authorized to provide custody for security tokens. The company can now offer a comprehensive infrastructure for on-chain Initial Public Offerings (IPOs), process atomic swaps between security tokens and stablecoins, and handle on-chain clearing and settlement in a single transaction, simplifying its operational procedures. Furthermore, Securitize can now act as an underwriter or a member of a selling group in public offerings of security tokens.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.13% - Nasdaq: +0.04% - Dow Jones: -0.31%

Tron (TRX) founder Justin Sun has dismissed a defamation lawsuit from World Liberty Financial (WLFI), calling it legally baseless. Writing on X, Sun described the suit as a baseless publicity stunt and said he is confident he will prevail in court.

Bitcoin Layer 2 Citrea has launched its governance token, CTR, The Block reported. The token has a total supply of 10 billion, with 60% allocated to the community. The remaining 40% will go to investors (19.35%) and early contributors (20.66%), subject to a four-year lock-up period that includes a one-year cliff. Token holders can stake CTR to receive non-transferable xCTR and exercise voting rights on the treasury and network operations.

DeFi Development, a U.S.-listed company strategically acquiring Solana, has announced a $200 million at-the-market (ATM) stock offering program. The proceeds are slated for further SOL acquisitions, operating capital, and strategic initiatives.

Bitmine (BMNR) Chairman Tom Lee has stated that the cryptocurrency market is entering the initial phase of a new upward cycle. Citing a recently unveiled compromise version of the CLARITY Act in the U.S. Senate, he described its terms—which prohibit interest on reserves but allow activity-based rewards—as largely acceptable. Lee noted that according to Polymarket, the probability of the bill passing in 2026 has surpassed 60%, its highest level in over a month. Lee added that while investor sentiment remains weak, price action is turning bullish in a pattern similar to the start of previous cycles. He argued this trend supports the arrival of a "crypto spring" regardless of the bill's passage. Regarding ETH, he explained that it is benefiting from Wall Street's tokenization trend and demand for blockchains related to agentic AI. Lee highlighted that since the start of the Iran war, ETH has outperformed the S&P 500 by more than 1380 basis points, ranking it alongside crude oil as one of the world's best-performing asset classes and establishing it as a store of value and medium of exchange.

U.S. Treasury Secretary Scott Bessent said the United States is prepared to respond if Iran attempts to escalate the situation.

Kraken has filed a $25 million lawsuit against its former custody partner, Etana, which previously handled its fiat deposits and withdrawals, CoinDesk reported. According to a complaint filed in a Colorado federal court, Kraken alleges that Etana engaged in a classic Ponzi scheme. The exchange claims Etana diverted client assets for operating expenses or used them in risky investments, then used new client deposits to cover the gaps.

The U.S. Depository Trust & Clearing Corporation (DTCC) announced it has selected Ondo as an official partner for an industry working group to design tokenization standards for U.S. capital markets. The working group includes traditional finance (TradFi) giants such as BlackRock, JPMorgan, and Goldman Sachs, along with crypto firms like Circle and Robinhood.

Strive (ASST), a firm known for its Bitcoin accumulation strategy, has purchased an additional 444 BTC for approximately $33.9 million at an average price of $76,307, CEO Matt Cole announced on X. As of May 1, the company holds a total of 15,000 BTC, valued at $1.17 billion.

Sol Strategy, a company implementing a SOL reserve strategy, is acquiring non-custodial cross-chain swap aggregator HoudiniSwap for $18 million, The Block reported. HoudiniSwap connects centralized and decentralized exchanges with blockchain bridges to provide optimal swap routes, generating approximately $13 million in revenue last year. The payment will consist of $8.25 million in cash, a $5.75 million promissory note due in six months, and $4 million in STKE stock. Sol Strategy plans to complete the acquisition without selling its existing SOL holdings. The company currently holds over 524,000 SOL and has approximately 3.8 million SOL in delegated assets.

Bitmine has purchased an additional 101,745 ETH over the past week, increasing its total holdings to 5,180,131 ETH. This amount represents approximately 4.29% of the total supply. Of its holdings, the company has staked 4,362,757 ETH.

On-chain investigator ZachXBT has identified imToken and the decentralized exchange (DEX) Tokenlon as hotbeds for laundering illicit funds. He alleged that the majority of Tokenlon's trading volume originates from illegal money laundering activities, including romance scams.

World Liberty Financial (WLFI), a DeFi project led by the Trump family, has filed a defamation lawsuit against Tron (TRX) founder Justin Sun, the New York Post reported. In its complaint, World Liberty alleges that Sun publicly supported the WLFI token while secretly engaging in a "short-and-distort" scheme involving short selling and price manipulation. According to World Liberty, Sun's side invested a total of $45 million in WLFI starting in November 2024, but the tokens were frozen after the project detected alleged unauthorized transfers to Binance, the use of third-party proxy buyers, and engagement in contractually prohibited short selling. World Liberty stated that even after the freeze, Sun continued to publicly support WLFI while privately demanding a settlement worth hundreds of millions of dollars, threatening that the token's price would collapse if the assets were not unfrozen. Sun had previously filed a fraud lawsuit against World Liberty in a California federal court on April 21. In its countersuit, World Liberty is seeking damages and the retraction of related posts.

Health experts are raising concerns that Gudtrip, a California-based company offering Bitcoin rewards for using its cannabis vape pens, may be promoting addiction, DL News reported. The product syncs with an app to accumulate Bitcoin and points with each inhalation, with daily logins increasing rewards by up to 200%. Multiple cannabis researchers have pointed out that rewarding a specific behavior increases the risk of habit formation and addiction. Gudtrip has countered that the rewards are part of a consumer loyalty program unrelated to the volume of inhalation. However, this is contradicted by a message on its website that states, "Get crypto with every puff." The California Department of Cannabis Control (DCC), which was not previously aware of the product, has requested more information from the manufacturer.

Western Union's stablecoin, USDPT, has officially launched on Solana, Foresight News reported. The stablecoin is issued by Anchorage Digital and is subject to U.S. federal regulations. It is set to be directly integrated into Western Union's infrastructure in more than 200 countries.

BlackRock's Bitcoin ETF (IBIT) recorded $2.3 billion in net inflows during April, ranking it 11th among all ETFs, according to Bloomberg ETF analyst Eric Balchunas. He highlighted that IBIT attracted significant capital despite being the only fund among the top performers with a negative year-to-date return. Balchunas commented that this is a good sign of the fund's long-term growth potential.

The launch of more than 24 ETFs linked to prediction markets in the U.S. has been put on hold after the Securities and Exchange Commission (SEC) requested additional information, Reuters reported. Three asset management firms—Roundhill Investments, GraniteShares, and Bitwise—applied to launch the ETFs in February, with a 75-day automatic approval deadline that was set to expire this week. These funds are designed to hold derivatives tied to the outcomes of real-world events, such as midterm and presidential elections, economic recessions, and tech industry restructuring. Potential investment risks include insider trading and the possibility of catastrophic losses. However, sources familiar with the matter reportedly believe the delay is likely to be temporary.

Alex Thorn, head of research at Galaxy Digital, has stressed the urgency of passing the Clarity Act ahead of the U.S. midterm elections in November. Writing on X, Thorn argued that with a highly competitive race for Senate control, it is crucial for the legislation to be approved now. He warned that if the Democratic Party wins the Senate, crypto-skeptic Sherrod Brown could return as Chairman of the Senate Banking Committee. Thorn added that even if Brown loses his election in Ohio, the chairmanship would then go to Elizabeth Warren, who also holds anti-crypto views.

A subsidiary of U.S. Nasdaq-listed Bitcoin mining firm Hut8 (HUT) has refinanced its BTC-collateralized loan from Coinbase Credit, switching to a 364-day, $200 million facility from FalconX. The move lowered the fixed interest rate from 9.0% to 7.0% and released approximately 3,300 BTC from collateral.

Coinbase is supporting the Solana-based trading protocol DFlow, CoinDesk reported. The move has led to an eightfold reduction in the failure rate for Solana-based trades on the platform. Previously, one in 30 Solana trades failed to execute due to insufficient liquidity, a figure that has now improved to one in 250.

Cointelegraph has outlined four key factors to watch in the Bitcoin market this week. - BTC surpasses $80,000 for the first time in three months. - A daily close above $80,000 would signal a bullish reversal. - Fading expectations for a Fed rate cut. - The MVRV ratio has hit 1.45, its highest level since the start of the year, indicating a recovery in investor profitability.