Crypto Industry News & Market Trends

Galaxy Digital reports a $216 million quarterly loss, with $0.49 a share amid crypto downturn

Galaxy Digital (Nasdaq: GLXY) saw a $216 million net loss in Q1 2026, according to its latest earnings report released on Tuesday that shows a $0.49 loss per share on both diluted and adjusted terms.　　The company said the quarter was mainly hurt by lower crypto prices, as the total crypto market value down about 20% during the same period.　　Galaxy ended the quarter with $2.8 billion in total equity and $2.6 billion in cash and stablecoins. Total assets dropped to $9.99 billion, down from $11.35 billion in Q4 2025. Total equity fell to $2.78 billion from $3.04 billion.　　Cash and stablecoins stayed almost flat at $2.605 billion, compared with $2.606 billion in the prior quarter. Net crypto assets and investments fell to $1.36 billion from $1.68 billion, a 19% drop.　　Galaxy also reported an adjusted gross loss of $88 million and adjusted EBITDA of negative $188 million.　　Galaxy absorbs the crypto slump through its trading, treasury, and revenue　　Galaxy‘s net loss was smaller than the $482 million loss recorded in Q4 2025, and even though the company’s adjusted EBITDA also improved from negative $518 million in Q4, it still remained a loss.　　The Digital Assets business, which is basically the core crypto side of Galaxy, brought

04-29Industry

Strategy’s (MSTR) Michael Saylor Says STRC Is Going Viral After $8.5 Billion Run‑Up

Tech　　Strategy‘s (MSTR) Michael Saylor Says STRC Is ’Going Viral After $8.5 Billion Run‑Up　　Michael Saylor, founder and executive chairman of Strategy, took the Nakamoto Stage at Bitcoin 2026 on Tuesday to argue that a nine-month-old preferred stock instrument has become the fastest-growing credit product in the world — and that its expansion is only getting started.　　The keynote, framed around what Saylor calls digital credit, was a structured pitch for STRC, Strategys Variable Rate Series A Perpetual Stretch Preferred Stock, which trades on Nasdaq near its $100 par value and pays an 11.5% annualized monthly dividend.　　He opened with a premise that set the tone for everything that followed: “The world is built on capital. The world runs on credit.”　　For Saylor, Bitcoin is the capital layer. It is what he calls “ideal capital” — engineered, digital, portable, and historically superior to alternatives. He cited Bitcoins roughly 38% annualized return over the past five years against gold, the S&P 500, and real estate, which he described without hesitation as “awful.”　　JUST IN: Michael Saylor said their BTC accumulation machine STRC “grew to be the largest preferred stock in the world within 8 months” ????　　Theyre using STRC to mass buy as much bitcoin as they can

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Fed likely to hold rates steady despite leadership change, oil prices rise

Tech　　Fed likely to hold rates steady despite leadership change, oil prices rise　　The Federal Reserve is expected to hold interest rates steady, with rate cuts unlikely despite leadership changes. The “Will no Fed rate cuts happen in 2026？” market trades at 43.1% YES, up from 33% a week ago.　　The Iran-U.S. conflict is pushing oil prices up, which exerts inflationary pressure. This complicates the Feds ability to cut rates even as the labor market weakens. The market for no rate cuts in 2026 has strengthened accordingly, now at 43.1% YES.　　Trading activity supports this view. The largest single move was a 12-point spike at 12:39 PM, from 36% to 48% YES. The markets 24-hour volume is $130,975 face value, with $52,199 in actual USDC traded. It takes $13,903 to move the price 5 points, suggesting reasonable liquidity.　　At 43¢, a YES share pays $1 if no cuts happen by 2026, a 2.32x return. For this bet to pay off, inflation pressures from energy prices and elsewhere would need to persist long enough to keep the Fed from cutting.　　Watch for Fed Chair Powell‘s next statement and any shifts in the FOMC’s dot plot. CPI reports and geopolitical developments affecting energy prices will be the main

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Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue

Robinhood (HOOD) missed its first-quarter earnings and revenue estimates after reporting a sharp decline in crypto trading revenue, even as growth in other parts of its business pushed overall revenue higher.　　The popular trading platform reported first-quarter adjusted earnings per share of $0.38, missing Wall Street‘s $0.39 estimate, according to FactSet data. While the company posted a 15% year-over-year increase in total revenue to $1.07 billion, it fell short of analysts’ expectations of $1.14 billion.　　Shares fell about 8% in post-market trading following the report.　　Crypto-related revenue, one of Robinhoods largest transaction drivers, dropped 47% to $134 million from $252 million a year earlier. The decline comes as the company tries to shift the narrative away from crypto price cycles.　　“I want to get away from talking about the price of bitcoin,” CEO Vlad Tenev said on the earnings call, adding that Robinhood is focused on using crypto technology as “infrastructure” for financial services.　　The drop in crypto trading revenue coincided with stronger activity in other areas. Transaction-based revenue rose to $623 million from $583 million a year earlier, helped by growth in newer products.　　A key driver was event contracts, which pushed “other transaction revenue” up 320% year over year to $147 million. Robinhood said

04-29Industry

Korea Tax Agency Recovers $23M by Tracing Hidden Assets

Tech　　Korea Tax Agency Recovers $23M by Tracing Hidden AssetsKoreas National Tax Service recovered 33.9 billion won ($23 million) in unpaid taxes over nine months. The NTS said it exchanges tax information with authorities in 163 jurisdictions and will begin receiving crypto transaction data. The latest recovery drive follows a broader NTS crackdown on unpaid taxes, which stood at 110.7 trillion won last year.　　South Koreas tax agency has recovered 33.9 billion won, or about $23 million, in unpaid taxes by tracking down hidden overseas assets, marking one of its most aggressive cross-border enforcement pushes to date. The National Tax Service said the recoveries came through cooperation with tax authorities in three countries over the past nine months.　　The latest collections also fit into a wider enforcement strategy already underway inside Korea. The NTS has been expanding its response to unpaid taxes, building a crypto-tracking system ahead of virtual asset taxation and widening information-sharing arrangements to detect income and assets beyond Koreas borders.　　Overseas Tracing Delivers New Results　　The NTS said one recovery involved a foreign athlete who earned a high salary in Korea‘s professional sports league, then left for an overseas team without filing taxes. Korean authorities identified the player’s assets through information-sharing with

04-29Industry

Bitcoin Hash Rate and Funding Bull Signals

Bitcoin　　Bitcoin Hash Rate and Funding Bull Signals　　Bitcoin hit a new high above 79,000 dollars for the first time since January at the beginning of the week. VanEck analysts Matthew Sigel and Patrick Bush noted that they captured strong bull signals in on-chain data. The funding rate dropped to -1.8%, the lowest level since 2023, signaling historically profitable periods. These data are critical for BTC detailed analysis.　　BTC Hash Rate and Historical Performance　　The hash rate began to recover after the last three drop waves; its 30-day average of 985,5 EH/s remained 7.5% below the November peak of 1.065,7 EH/s. In the last five months, there were three extended hash rate drops; the most recent one lasted 16 days and ended on April 15 with a 6.7% peak loss. Historical records confirm that six out of eight similar events lifted Bitcoin 90 days later, with median gains reaching notable levels. Negative funding periods since 2020 have kept average returns well above the general average, while in deeper drops, 30-day returns accelerate significantly.　　BTC Current Technical Outlook and Supports　　Daily transfer volumes are slightly down but hovering at the 81st percentile, and positioning fluctuations have calmed along with volatility. Things reversed in Bitcoin exchange-traded products; after

04-29Industry

Judge Kaplan Denies Sam Bankman-Frieds Bid for a New Trial, Calling Claims Baseless

Tech　　Judge Kaplan Denies Sam Bankman-Frieds Bid for a New Trial, Calling Claims BaselessJudge Lewis Kaplan denied Sam Bankman-Frieds (SBF) Rule 33 motion on April 28, 2026, calling the new evidence claims “baseless.”The ruling closes the district court chapter for SBF, who still faces a live Second Circuit appeal from his 25-year sentence.SBFs judicial reassignment request against Judge Kaplan remains pending, keeping one legal avenue open for the defense.　　SBF Denied New Trial　　U.S. District Judge Lewis A. Kaplan, who presided over Bankman-Fried‘s 2023 fraud trial and sentenced him to 25 years in prison, issued the ruling in New York, according to court records reported by Bloomberg and Inner City Press. The judge described Bankman-Fried’s arguments as “baseless on multiple independently sufficient levels.”　　The motion, filed pro se around Feb. 10, 2026, asked the court to grant a new trial under Rule 33 of the Federal Rules of Criminal Procedure. Bankman-Fried alleged that new witness testimony from former FTX executive Ryan Salame and an individual identified as Daniel Chapsky undermined the governments case.　　Prosecutors pushed back hard in March 2026, arguing the claims had no merit. Judge Kaplan agreed, finding that the purported new evidence would not likely produce an acquittal given the weight of

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Putin meets Iranian officials, confirming diplomatic ties without military shift

Tech　　Putin meets Iranian officials, confirming diplomatic ties without military shift　　Sergey Lavrov welcomed Iranian Foreign Minister Abbas Araghchi for discussions with President Vladimir Putin, confirming a YES resolution for “Putin meets with Iranian officials by May 15,” which now sits at 100% YES.　　The market had priced this outcome in well before the talks were confirmed, holding steady at 100% YES for the May 15 deadline. Putin meets with Iranian officials by May 15 saw no trading activity in face value or actual USDC, meaning traders had already converged on the expected outcome.　　For traders, the real takeaway is what this meeting implies for related markets. Russias positioning as a mediator could affect contracts like US-Iran Ceasefire and US Forces Enter Iran, though neither market moved directly on this news.　　The Putin-Araghchi meeting signals continued Russian diplomatic backing of Iran without escalation to direct military involvement. The talks reaffirm their existing partnership but stop short of changing the military balance in the region, which remains a key variable for markets pricing the likelihood of a US-Iran ceasefire or further military escalation.　　Traders should watch for official statements from the Kremlin or Iranian state media that might signal shifts in Russias diplomatic stance or unexpected outcomes

04-29Industry

OP Technical Analysis Apr 28

Tech　　OP Technical Analysis Apr 28　　OP is balancing in the neutral momentum zone with RSI at 49.88, while MACDs positive histogram gives bullish signals; however, pressure is felt below the short-term EMA20, and although the overall trend is upward, the Supertrend bearish signal is noteworthy.　　Trend Status and Momentum Analysis　　Optimism (OP) has stabilized at a current price of 0.12 dollars, showing only a slight 0.17% increase in the last 24 hours. The daily range has narrowed to the 0.12 – 0.12 band, and volume remained at a moderate level of 32.71 million dollars. Although the overall trend direction is upward, short-term momentum indicators are producing mixed signals. MACDs bullish status and positive histogram indicate underlying accumulation, while trading below EMA20 (0.12 dollars) confirms short-term bearish pressure. The Supertrend indicator positions resistance at 0.14 dollars in bearish mode. Multi-timeframe (MTF) alignment identifies 4 strong levels in 1D/3D/1W timeframes: 1 support and 3 resistances on the daily, neutral on others. This structure shows that momentum is in a consolidation phase and sudden moves should not be expected without volume confirmation. EMA ribbon dynamics are critical in trend strength measurement; while short-term bands have narrowed, medium-term EMAs maintain their upward tilt. Volume profile analysis does

04-29Industry

Strategy’s (MSTR) Michael Saylor Says STRC Is Going Viral After $8.5 Billion Run‑Up

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