Author: James Wilson
Zcash price surged more than 40% on Wednesday, briefly touching the $600 mark after Multicoin Capital co-founder Tushar Jain revealed the firm had quietly accumulated a significant position in the privacy-focused cryptocurrency since early 2024. Summary Zcash price surged more than 40% after Multicoin Capital revealed it had accumulated a major ZEC position since 2024. Investor sentiment strengthened ahead of the FCMP++ upgrade, which aims to expand Zcash’s privacy and scalability capabilities. Technical indicators signaled strong bullish momentum as ZEC broke above key resistance levels and trading volume hit a 2026 high. According to data from crypto.news, Zcash (ZEC) surged…
CryptoQuant flags Bitcoin’s unfilled $93k CME futures gap as a key upside “price magnet,” not a guaranteed destiny, for the next leg of the BTC cycle. Summary CryptoQuant analysts frame the $93k Bitcoin CME gap as a major liquidity and sentiment magnet, not a predetermined target. They argue CME gaps act as signal zones where positioning, liquidity and market psychology cluster, shaping likely price paths rather than providing hard forecasts. The remaining unfilled gap near $93k stands out because most CME gaps since mid‑2024 have closed, sharpening trader focus on this level as both a technical target and a potential…
Large technology firms have begun testing stablecoin-based payouts, with Bitwise’s Matt Hougan saying the early pilots could support growth toward a $4 trillion market by 2030 from roughly $300 billion today. Summary Bitwise CIO Matt Hougan said stablecoin payout pilots by DoorDash and Meta could support market growth toward $4 trillion from about $300 billion today. Tests with Stripe across more than 40 countries and creator payouts on Solana and Polygon show how firms are using stablecoins for global payments without banking intermediaries. According to Hougan, chief investment officer at Bitwise Asset Management, recent payout trials by major platforms have…
CME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review. Summary CME’s new futures will track Bitcoin volatility, not whether BTC rises or falls in spot markets. The contracts will settle to BVX, CME’s index for 30-day expected Bitcoin price swings. The launch follows CME’s move toward 24/7 crypto derivatives trading for institutional market access. The product will let traders take positions on Bitcoin’s expected price swings without betting on whether Bitcoin rises or falls. The contracts will settle to the CME CF Bitcoin Volatility Index, known as BVX. The index measures 30-day forward-looking implied volatility…
Forward Industries and RockawayX have backed a $5 million funding round for OnRe, a startup building reinsurance infrastructure on the Solana blockchain. Summary Forward Industries and RockawayX have co-led a $5M funding round for OnRe to build reinsurance infrastructure on Solana. Forward Industries plans to invest up to $25M into a Solana-based yield token tied to the platform. OnRe is working to move risk transfer processes on-chain using tokenization and smart contracts to attract institutional capital. According to a statement from the companies, the two firms co-led the Series A round, with Forward Industries planning to commit up to $25…
Colombian President Gustavo Petro said the country’s Caribbean coast could become a Bitcoin mining hub if it uses clean energy and brings local communities into the plan. Summary Petro says Colombia’s Caribbean coast could use renewable energy to attract Bitcoin mining investment soon. The plan mentions Wayúu co-ownership, but no mining partner or launch date has been confirmed. Paraguay’s hydro-powered mining growth gives Colombia a model as political timing creates fresh doubts ahead. Petro pointed to Barranquilla, Santa Marta, and Riohacha as possible sites. He said the region could follow countries such as Venezuela and Paraguay, where low-cost energy has…
Kelp DAO said it will migrate rsETH to Chainlink’s Cross-Chain Interoperability Protocol after April’s $292 million bridge exploit, while its dispute with LayerZero over the cause of the attack continued to deepen. Summary Kelp DAO is moving rsETH to Chainlink CCIP after April’s $292 million bridge exploit. LayerZero denied Kelp’s claims and said rsETH manually changed to a 1-of-1 setup. Aave is fighting a restraining notice over frozen ETH tied to the rsETH hack. Kelp DAO said the move to Chainlink CCIP is part of its plan to strengthen rsETH security after hackers drained 116,500 rsETH from its LayerZero-powered bridge…
GoMining’s GoBTC protocol promises instant authorization and on-chain Bitcoin settlement with a 0.2% merchant fee, positioning miner-run rails as a low-cost challenger to Visa and Mastercard. Summary Bitcoin mining company GoMining plans to launch GoBTC, a Bitcoin-native payments protocol built on top of its own block production, at the Consensus conference. GoBTC will offer instant authorization and settlement on the Bitcoin mainnet within a few hours, charging merchants a 0.2% fee — far below the roughly 1.5%–3.5% average for Visa and Mastercard. The company pitches the protocol as a direct challenge to incumbent card networks, using block space and mining…
A Fairshake poll finds 45% of Americans call crypto too risky as industry PACs deploy over $100 million into midterms. Summary A Public First poll conducted for Politico found 45% of Americans say investing in cryptocurrency is not worth the risk. The same poll found 44% say AI is developing too fast, and two-thirds want Congress to impose strict oversight on artificial intelligence. Pro-crypto PAC Fairshake and pro-AI PAC Leading the Future have together deployed over $100 million in 2026 midterm races. A Politico poll conducted by Public First in April 2026 found that 45% of Americans say investing in…
Wall Street executives warned at Consensus 2026 that legacy markets built for slower trading are breaking under 24/7 crypto pressure. Summary Top executives at Consensus 2026 in Miami warned that traditional financial infrastructure was designed for human-paced, scheduled trading. Round-the-clock, machine-driven crypto activity is creating growing friction with settlement systems built for fixed market hours. The pressure is accelerating institutional demand for tokenized settlement, real-time clearing, and upgraded market infrastructure. Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built to absorb round-the-clock, machine-driven trading. As crypto markets operate continuously…