Crypto Industry News & Market Trends

Coinbase Reports 8.6% Record Market Share and $200 Million Derivatives Revenue

remained a major focus in the quarter. Coinbase reported that average USDC held in its products reached about $19 billion, equal to more than one-quarter of circulating USDC. Base, the companys layer-2 network, accounted for 62% of global on-chain transaction , exceeding all other chains combined.　　Coinbase also highlighted growth in payment tools. Its x402 protocol handled more than 100 million payments, and USDC was used in nearly all of them, at more than 99%. The firm added that Base was responsible for more than 90% of on-chain agentic stablecoin transaction volume, positioning the network as a leading venue for that emerging use case.　　Alesia Haas, Chief Financial Officer, said:　　“Were growing new revenue streams, with 12 product lines each generating over $100 million annualized, and prediction markets on their way to becoming the 13th.”　　On the financial side, Coinbase posted $303.3 million in Adjusted EBITDA, while net loss came in at $394.1 million for Q1 2026. Management added that the company has now recorded positive Adjusted EBITDA for 13 consecutive quarters and native unit inflows for 12 straight quarters. Coinbase continues to frame its long-term strategy around widening access to crypto products, settlement infrastructure, and global digital payments.

05-08Industry

Consensus Miami Day 3: Real-time coverage and highlights from on the ground

Its the third and final day of Consensus Miami.　　To recap yesterday, ICYMI, Patrick Witt, the Executive Director of the President‘s Council on Digital Assets, told the audience at day 2 of Consensus Miami that if the Senate Banking Committee holds a markup this month, it would give the Senate four weeks to merge the bill with the Senate Agriculture Committee version and June to work out issues with the House of Representatives. It’s an aggressive timeline, “but it is an achievable timeline,” he said.　　Michael Saylor followed up to lay out his case for yieldcoins, laying out a vision for the potential future of the digital assets sector.　　And the time is now to start working on post-quantum security, Project Eleven CEO Alex Pruden said.　　Catch up on all of the coverage here.　　Today will see panels addressing prediction markets and sports betting, stablecoins, banking and more. Privacy and agentic payments will again take the stage.　　Tom Lee will present a keynote, while stablecoin executives will weigh in on recent regulatory advancements. World Liberty Financials Donald Trump, Jr. and Zach Witkoff will take the main stage right after lunch, while payments executives will lay out how crypto cards and other tools will work.　　CoinDesk will host

05-08Industry

Bitcoin Analysts Say This Must Happen for a ‘Durable’ BTC Price Recovery

Bitcoin　　Bitcoin Analysts Say This Must Happen for a ‘Durable’ BTC Price Recovery　　Bitcoins (BTC) relief rally to $82,000 appears to be cooling off, and analysts say key levels must be reclaimed for BTC price to “confirm a durable continuation higher.”　　Key takeaways:Bitcoin must break resistance at $85,000-$88,000 to confirm that the bottom is in.Profit-taking on rallies must cool down for a sustained breakout in BTC price.　　Bitcoin must reclaim $88,000 as support　　saw it reclaim key levels, including the true market mean at $78,200 and short-term holder (STH) cost basis at $79,100.　　If the price sustains above these two levels, the 50% drawdown from the $126,000 all-time high to sub-$60,000 levels in February “would rank among the shortest episodes of its kind in Bitcoin market history,” Glassnode in its latest Week Onchain newsletter, adding:　　“Attention now shifts to the next major resistance at the Active Realized Price near $85.2K, which tracks the cost basis of all non-dormant supply and represents the next structural threshold the market must reckon with.”　　The last time Bitcoin reclaimed its active realized price, in October 2023, it was followed by a 170% rally to its previous all-time high of $74,000 reached in March 2024. These gains increased to 365% once the price

05-08Industry

Market Calm Masks Rising Risks as Bitcoin Eyes $84K Breakout Zone

Bitcoin　　Market Calm Masks Rising Risks as Bitcoin Eyes $84K Breakout ZoneAnalyst warns geopolitical tensions could trigger renewed Bitcoin volatility.BTC holds a bullish structure but faces strong resistance at the $82K–$84K zone, with pressure rising.Liquidity gaps and CME levels signal heavy liquidation risk around Bitcoin price action.　　Bitcoin climbed back above the $80,000 level this week as traders embraced improving market sentiment. However, fresh warnings from market analysts suggest the rally could face growing pressure from macroeconomic instability and geopolitical uncertainty. Garrett Jin, an agent for BTC OG Insider Whale, argued that the current calm across global markets may only represent a temporary pause before renewed volatility emerges.　　Garrett Jin Flags Hidden Macro Risks　　Garrett a market analysis titled “Decorated Truce,” warning traders against complacency during Bitcoins latest recovery phase. He argued that several geopolitical tensions remain unresolved despite improving investor confidence. Moreover, Jin suggested that recent diplomatic developments between Saudi Arabia and Iran may only delay broader regional conflicts instead of preventing them entirely.　　Additionally, Jin pointed to rising concerns surrounding a potential reopening of U.S.-Iran tensions after President Donald Trumps recent visit to China. Consequently, he believes financial markets could face another risk-driven sell-off later this year.　　At the same time, investors continue to

05-08Industry

Supreme Court Says Nonprofits Can Challenge Government Requests For Donor Information

Finance　　Supreme Court Says Nonprofits Can Challenge Government Requests For Donor Information　　A recent U.S. Supreme Court decision suggests that sensitive donor information may be protected—for now.　　On April 29, 2026, the Supreme Court ruled in First Choice Women‘s Resource Centers v. Davenport that a New Jersey nonprofit had standing to challenge a state subpoena demanding its donor information. The nation’s highest court overturned a lower court decision that had said the group had to wait until the subpoena was actually enforced.　　The Court ruled that the non-profit didnt have to wait for the government to force it to comply before it could challenge the subpoena. Just being asked to hand over sensitive donor information—especially because it could scare people away from donating—is enough to constitute a legal injury.　　Importantly, the Court did not decide whether the subpoena itself is unconstitutional. It only decided that the nonprofit has the right to challenge it now, rather than later.　　Justice Gorsuch wrote the opinion for a unanimous Court.　　First Choice Background　　First Choice Womens Resource Centers is a religious nonprofit that has operated in New Jersey since 1985, providing counseling and resources to pregnant women. The organization believes that life begins at conception and, consistent with that belief, does not

05-08Industry

Solana price stuck in range - Can SOL reverse its long-term downtrend?

Tech　　Solana price stuck in range – Can SOL reverse its long-term downtrend？　　Since the 4th of May, Solana [SOL] has rallied 7.2%. Its price has been above $80 for a while now, and AMBCrypto reported that some bulls were confident in the altcoins upward momentum.　　Source: SOL/USDT on TradingView　　Even after four consecutive green days, SOL continued to labor under a bearish trend. The range formation since February, combined with the downtrend that preceded it, meant SOLs chances of a breakout past the psychological $100 level were slim.　　Source: Glassnode　　The new addresses growth has been trending downward since March but recently saw a small uptick in new addresses. However, this increase was minimal compared to the new participant interest that accompanied Solana during past bull runs.　　Comparing with a bull run might be unfair, given the wide consensus that Bitcoin [BTC] and Solana were in a bear market. The new address growth trends tend to remain muted during times of downturn, as they have been since March.　　In other words, the data does not support the idea of widespread retail demand and an impending breakout from the range.　　What the MVRV extreme deviation bands can tell us about Solana trendsSource: Glassnode　　In May 2022, SOL prices fell below

05-08Industry

Pump.fun Traders See 70% Profitability Surge in 2026

After two years of persistent losses, traders on the meme coin platform Pump.fun are staging a striking comeback. According to CoinGecko data, 70% of Pump.fun wallets recorded profits in March 2026, a significant leap from the platforms low point in June 2025, when only 30.1% of traders were in the green. By April 2026, profitability had climbed further to 73.3%, solidifying the trend reversal.　　Pump.fun, launched in January 2024, operates as a Solana-based launchpad for meme coins, allowing users to create and trade tokens with minimal technical skills. The platforms model, built around bonding curves, had initially gained traction but became infamous for high volatility and rampant losses. Between April 2024 and late 2025, the majority of active wallets posted monthly losses, as inexperienced traders flooded the platform.　　The turnaround appears to coincide with a decline in overall trading activity. Monthly active wallets peaked at 5.2 million in May 2025 but dropped to 1.8 million by December of the same year. This contraction likely reflects the exit of less experienced retail participants, leaving a more selective and seasoned base of traders. In early 2026, wallet activity started recovering, reaching 3.3 million by March, with profitability metrics improving alongside.　　Small Gains Dominate, High-Frequency Trading

05-08Industry

GPT-Realtime-2 brings GPT-5 intelligence to voice API

OpenAI released a new generation of voice models in its API on Wednesday, giving developers tools to build apps that can reason through spoken requests, translate across +70 languages, and transcribe speech as it happens.　　The three models are named GPT-Realtime-2, GPT-Realtime-Translate, and GPT-Realtime-Whisper. They move AI voice interfaces beyond simple Q&A exchanges into a territory where an AI agent can listen, think, and act mid-conversation.　　GPT-Realtime-2 is the flagship. OpenAI says it offers GPT-5-class reasoning, a significant step up from its predecessor, GPT-Realtime-1.5.　　The model scored 15.2% higher on Big Bench Audio, a benchmark for audio intelligence, and 13.8% higher on Audio MultiChallenge, which tests instruction following in multi-turn spoken dialogue.　　The practical upgrades target developers building production voice agents. The model now supports a 128K context window, quadrupled from the previous 32K limit, and offers five tiers of adjustable reasoning effort from “minimal” to “xhigh.”　　It can call multiple tools simultaneously, recover from errors with spoken acknowledgments, and produce short bridging phrases like “let me check that” while processing a request.　　GPT-Realtime-Translate handles live speech translation. It accepts more than 70 input languages and outputs in 13, designed to keep pace with a speaker in real time.　　GPT-Realtime-Whisper provides streaming speech-to-text (STT), transcribing words as

05-08Industry

Vitalik Buterin gets sandwiched by JaredfromSubway as Ethereum MEV risks linger

Buterin has spent the past several months pitching encrypted mempools as a fix for toxic MEV in Ethereums 2026 roadmap.　　MEV is the profit that whoever orders transactions on a blockchain can pocket by reshuffling them. Anyone running a bot that watches the public mempool, the holding pen where pending transactions sit before being added to a block, can spot opportunities to insert their own trades around someone elses.　　Sandwich attacks are the most aggressive form, with cumulative MEV extracted on Ethereum is now over $1.2 billion and these type of attacks accounting for roughly 51% of the total volume.　　Buterin, among other developers, argue that MEV creates a hidden tax on regular users that can favour large, specialized operators over everyone else.　　Jaredfromsubway.eth rose to prominence in 2023 as it sandwiched traders of meme coins like pepe and wojak during the then meme frenzy.　　It briefly accounted for 7% of all gas fees on the network in April that year, and has reportedly extracted more than $7 million from victims across hundreds of thousands of transactions since.　　The bot adapts faster than the protocols trying to stop it. It has survived contract upgrades, mempool filtering, and several attempts by builders to design exploits that drain

05-08Industry

VanEck Sees Bitcoin Reach $1M on ‘Mega Adoption’ Trend

Sigel‘s take joins several similar views on Bitcoin’s price trajectory in the coming years, including predictions from Bernstein, Bitwise chief investment officer Matt Hougan, Jan3 CEO Samson Mow and Twitter co-founder Jack Dorsey, among others.　　Cathie Wood‘s ARK Invest’s 2030 Bitcoin price targets range from about $300,000 in a bear case to $710,000 in a base case and $1.5 million in a bull case, according to its Big Ideas 2025 model.　　Some investors are more skeptical about Bitcoins adoption, though. Ray Dalio has said Bitcoin could act as a store of value but questioned its ability to scale into a global reserve asset amid regulatory and sovereign currency risks. Others, including gold advocate Peter Schiff, have argued Bitcoin lacks intrinsic value and is unlikely to displace traditional safe-haven assets like gold, casting doubt on seven-figure price forecasts.　　Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

05-08Industry

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