Author: James Wilson
Crypto asset ETPs just notched a fifth straight week of inflows, lifting five-week net flows above $4B and pushing AUM near $155B despite sharp midweek outflows. Summary CoinShares’ latest weekly report shows global crypto asset ETPs recorded $117.8 million in net inflows last week, marking a fifth consecutive positive week and pushing cumulative five-week inflows above $4 billion. Total assets under management now stand near $155 billion, but flows were highly volatile: $619 million in net outflows from Monday to Thursday flipped to a $117.8 million weekly inflow thanks to a single $737 million surge on Friday. Bitcoin products led…
Coinbase cuts 700 jobs today, with CEO Brian Armstrong saying AI is making small engineering teams far more productive Summary Coinbase is eliminating roughly 700 employees, approximately 14% of its total workforce, in a restructuring announced on May 5. CEO Brian Armstrong cited AI acceleration as a core reason, saying the technology enables small teams to do what previously required far more people. The company expects to incur $50 to $60 million in restructuring charges as a result of the workforce reduction. Coinbase CEO Brian Armstrong announced on May 5 that the company is eliminating roughly 700 employees, representing approximately…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. AI cloud mining expands access as SHRMiner lowers barriers to crypto mining participation in 2026. Summary Cloud mining platforms like SHRMiner lower barriers, enabling easy entry into crypto mining. SHRMiner uses AI and smart contracts to simplify mining with real-time tracking. With low entry and flexible contracts, SHRMiner offers accessible, automated crypto earning options. As the global technological landscape continues to evolve in 2026, more and more people are exploring passive income opportunities in the digital economy. Technologies such…
U.S. stocks opened higher on Tuesday, with major indexes gaining and AI‑linked storage names outperforming, even as PayPal sank about 10% after disappointing profit guidance. Summary Galaxy Digital and State Street Investment Management have launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized cash management product aimed at delivering 24/7 on-chain liquidity. The fund lets institutional investors subscribe and redeem using stablecoins while earning yield on underlying traditional securities, initially on Solana with plans to expand to Ethereum and Stellar. Galaxy provides tokenization infrastructure, Anchorage Digital handles digital asset custody, and State Street manages the off-chain portfolio,…
Michael Saylor says his Bitcoin vehicle Strategy has realized 63,410 BTC of “Bitcoin Gain” in 2026, lifting its stash to over 815,000 BTC, or about 3.9% of total supply. Summary Michael Saylor says his Bitcoin-focused vehicle Strategy has generated 63,410 BTC in “Bitcoin Gain” so far in 2026, worth about $5.1 billion at current prices. He adds that Strategy’s BTC stash now represents roughly 3.9% of Bitcoin’s fixed 21 million‑coin supply. Saylor has repeatedly argued that “Bitcoin Gain” is the metric “closest to Net Income under the Bitcoin Standard,” reframing profitability in BTC terms rather than dollars. In a new…
The United Arab Emirates Innovation City has rolled out a blockchain-based system that assigns every registered company a sovereign, verifiable digital identity on-chain. Summary Innovation City now issues on-chain business identities to all registered companies using OPN Chain infrastructure. Officials said the system replaces static licenses with verifiable digital records that track ownership, compliance, and activity. The rollout ties into the UAE’s plans to move 50% of government services to AI-driven systems within two years. According to an official announcement from Innovation City, businesses incorporated in the Ras Al Khaimah free zone now receive a cryptographically secured identity issued through…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin tops $80,000 as BlockchainFX surpasses $14.44M in presale with rising investor demand. Summary Bitcoin’s $80K move contrasts with BlockchainFX surging past $14.44M, drawing strong presale demand. BlockchainFX is gaining traction with multi-asset trading, staking rewards, and a nearing $15M softcap. With presale momentum rising, BlockchainFX stands out as a top 2026 opportunity driven by utility and pricing. Bitcoin pulled off a swagger move this week, climbing back above $80,000 for the first time since January, only to get…
Strive, Inc. has pushed its Bitcoin treasury past 15,000 BTC after its latest purchase added to a months-long accumulation run. Summary Strive has crossed 15,000 BTC after buying 444 bitcoin for $33.9 million, according to its SEC filing. Company disclosures show the treasury has grown by over 2,200 BTC since its Semler Scientific acquisition in January 2026. Investor filings indicate Strive raised $225 million through its SATA preferred stock, with demand exceeding $600 million. According to an 8-K filing with the U.S. Securities and Exchange Commission, the Dallas-based firm bought 444 BTC for $33.9 million at an average price of…
South Korea’s Upbit has partnered with Optimism to develop a dedicated Ethereum Layer 2 blockchain using the OP Stack. Summary Upbit has partnered with Optimism to build GIWA Chain, an Ethereum Layer 2 where the exchange will run its own infrastructure under the Self Managed OP Enterprise tier. Optimism said the setup allows Upbit to retain sequencer control, which determines transaction ordering and captures fees, while receiving technical support and failover safeguards. According to an announcement from the Optimism Foundation, the new network, called GIWA Chain, will operate under the Self-Managed tier of OP Enterprise, allowing Upbit to run the…
Aave LLC filed an emergency motion in New York on May 4 to vacate a restraining notice served on Arbitrum DAO. Summary Aave says stolen ETH cannot become North Korea’s property through an alleged crypto exploit claim. Gerstein Harrow argues frozen ETH can satisfy judgments tied to alleged North Korea-linked crypto theft. Aave warns the freeze could delay rsETH recovery and harm users across the DeFi ecosystem. The notice seeks to block the transfer of Ethereum linked to the April 18 rsETH incident. Aave asked the court to lift the notice, set a fast hearing, or require a $300 million…