Crypto Industry News & Market Trends

Berkshire Hathaway (BRK.B) Stock: New Insider Purchase Signals Confidence Despite Market Underperformance

Berkshire Hathaway Inc., BRK-B　　Michael OSullivan acquired 536 shares of BRK.B at approximately $468 per share. His total holdings now stand at 663 shares valued at roughly $300,000, based on a Form 4 disclosure filed with the Securities and Exchange Commission.　　O‘Sullivan assumed his role at Berkshire on January 1, joining from Snap Inc. to fill a newly established in-house general counsel position. His background includes more than two decades with Munger, Tolles & Olson — the prestigious law firm that was co-founded by Berkshire’s late Vice Chairman Charlie Munger.　　This transaction represents just the second instance of insider buying in 2026. Earlier, CEO Greg Abel purchased 21 shares of Class A stock for approximately $15 million on March 4, financed through after-tax proceeds from his $25 million 2026 compensation package. Abel has committed to making similar annual investments.　　BRK.B concluded Wednesday‘s trading session just under $470. Year-to-date, the stock has declined approximately 6.5%, contrasting sharply with the S&P 500’s roughly 7.6% gain during the identical timeframe — creating a performance gap of about 14 percentage points.　　Looking at the trailing twelve-month period, the underperformance becomes even more pronounced, with BRK.B lagging the benchmark index by approximately 40 percentage points.　　Berkshires first-quarter financial results, announced on

05-08Industry

Bitwise enters tokenized funds with planned takeover of Superstate’s $267M USCC fund

Tech　　Bitwise enters tokenized funds with planned takeover of Superstates $267M USCC fund　　Bitwise Asset Management plans to take over investment management of Superstate‘s Crypto Carry Fund, marking the crypto asset manager’s first move into tokenized funds.　　The fund, known as USCC, will be renamed the Bitwise Crypto Carry Fund after the transition, which is expected to be completed on June 1, 2026. The fund will keep its USCC ticker, smart contracts, and token address, while Bitwise assumes investment management responsibilities.　　USCC is available to qualified purchasers and seeks to generate yield through crypto cash and carry trades, a strategy that captures the spread between crypto spot prices and futures prices. The fund had more than $267 million in assets under management and has attracted hedge funds, venture funds, corporations, vaults, wealthy individuals, and protocols, according to Bitwise.　　Superstate will continue to operate the funds onchain infrastructure, including tokenized issuance and digital transfer agency services. The company said the move reflects a shift away from fund management and toward FundOS, its infrastructure platform for onchain funds.　　Superstates USCC page says the fund gives qualified purchasers access to crypto basis strategies across multiple crypto assets and US Treasury securities. Ownership is represented by USCC, which can be

05-08Industry

South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January

Crypto　　South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January　　A top South Korean finance official reportedly confirmed that the government intends to begin taxing virtual assets in January as originally scheduled, marking the first time the Ministry of Economy and Finance has publicly formalized its stance on the timeline. Moon Kyung-ho, director of the ministrys income taxation division, told an emergency forum at the National Assembly that the government is moving forward with the plan despite ongoing debate over potential delays.　　“We will proceed with virtual asset taxation as scheduled in January next year,” Moon said during the forum, which was hosted by Rep. Park Soo-young of the People Power Party and the Korea Tax Policy Association.　　Under the current Income Tax Act, gains from the transfer or lending of virtual assets will be classified as “other income” starting Jan. 1. A total tax rate of 22%—consisting of a 20% income tax and a 2% local income tax—will be applied to annual crypto earnings exceeding $1,850 (2.5 million won).　　The policy is expected to impact a massive base of retail investors. Government data indicates there are roughly 13.26 million virtual asset investors in the country, a figure based on cumulative

05-08Industry

Aave Moves to Restore rsETH After Kelp DAO Exploit

Tech　　Aave Moves to Restore rsETH After Kelp DAO ExploitArbitrum DAO members are now debating whether to unfreeze the ETH held by the DeFi United fund.Among the most catastrophic crypto breaches of 2026, the Kelp DAO attack sent shockwaves across the DeFi lending market.　　Finally, Aave Labs has taken a step toward reestablishing rsETH backing and paying impacted users by liquidating the remaining rsETH assets on Ethereum and Arbitrum held by the Kelp DAO attacker.　　According to X post, Aave announced this on Wednesday, calling it a “critical step” in the “DeFi United” recovery plan. Recovery Guardian, a multisignature wallet administered by DeFi United, received the liquidated collateral associated with the $293 million exploit that occurred on April 18, according to the statement.　　Recovery Efforts Gain Momentum　　According to Thaddeus Pinakiewicz, VP of research at Galaxy Digital, DeFi United is currently only around 10% short of the Ether (ETH) required to reinstate the Kelp DAO restaked ETH (rsETH) token. Among the most catastrophic crypto breaches of 2026, the Kelp DAO attack sent shockwaves across the DeFi lending market, destroying trust in the system and destroying billions of dollars worth of liquidity.　　According to Aave, their insurance system, Umbrella, which offers automatic protection against bad debt, was

05-08Industry

21Shares Canton ETF (TCAN) Begins Trading on Nasdaq

21Shares Canton ETF (TCAN) Begins Trading on Nasdaq　　Crypto asset manager 21Shares has listed its Canton ETF, trading under the ticker TCAN, on the Nasdaq exchange. The fund is designed to provide investors with exposure to the Canton Network, a blockchain ecosystem focused on decentralized finance and institutional applications.　　What is the Canton ETF？　　The TCAN ETF tracks the performance of digital assets and protocols built on the Canton Network. Unlike many crypto ETFs that hold a single asset like Bitcoin or Ethereum, TCAN offers diversified exposure across the Canton ecosystem, which includes smart contract platforms, decentralized applications, and infrastructure tokens.　　21Shares, already a prominent issuer of crypto exchange-traded products in Europe and the United States, is also an active participant in the Canton Network. The firm serves as a validator and a global synchronizer participant within the network, meaning it helps secure the blockchain and facilitate cross-chain communication.　　Why This Listing Matters　　The arrival of TCAN on Nasdaq marks a step forward for institutional adoption of blockchain-based ETFs beyond simple single-asset products. It signals growing investor appetite for funds that capture the broader utility of decentralized networks rather than just price movements of cryptocurrencies.　　For retail and institutional investors alike, TCAN offers a regulated, exchange-traded vehicle

05-08Industry

xAI Partners With Anthropic for Access to Colossus AI Compute

SpaceX-backed xAI has entered into a high-profile partnership with Anthropic, providing the AI research firm access to Colossus 1, one of the most powerful AI supercomputers ever built. The agreement, announced on May 6, 2026, positions both companies at the forefront of AI development, with implications for everything from generative AI to orbital computing.　　Colossus 1 is a behemoth in the AI infrastructure world, featuring over 220,000 NVIDIA GPUs, including the latest H100, H200, and experimental GB200 accelerators. It was constructed in record time and is designed to handle large-scale AI training, fine-tuning, and inference workloads. This makes it especially suited for building and running advanced models like Anthropics Claude AI systems.　　Anthropic plans to use this additional compute capacity to enhance its Claude Pro and Claude Max subscriptions. These premium AI services have already attracted attention for their deep reasoning capabilities and real-time performance, and access to Colossus 1 could help scale offerings and improve response times for users.　　One intriguing aspect of the partnership is Anthropic‘s interest in orbital AI computing. The company hinted at plans to collaborate with SpaceX on developing gigawatts of orbital compute capacity. The concept, while still in its infancy, aims to overcome terrestrial limitations in power,

05-08Industry

Quantum Computing Could Threaten Bitcoin by 2030

Bitcoin　　Quantum Computing Could Threaten Bitcoin by 2030Report warns quantum computers may break blockchain cryptography by 2033.Researchers say 6.9M Bitcoin may already be exposed to future quantum attacks.NEAR Protocol is preparing post-quantum upgrades to reduce long-term cryptographic risks.　　Project Elevens blockchain security report warns that quantum computing could threaten major crypto networks, including Bitcoin, within the next decade. In response, NEAR Protocol has started integrating post-quantum cryptography into its ecosystem.　　Quantum Computing Concerns Grow Across Crypto　　The report, titled “The Quantum Threat to Blockchains – 2026 Report,” said current blockchain cryptography used by Bitcoin, Ethereum, and Solana may become vulnerable as early as 2030 to 2033. Project Eleven referred to the potential arrival of a machine capable of breaking current encryption as “Q-Day.”　　Also, the project noted that breakthroughs in quantum hardware, error correction, and algorithm efficiency have also accelerated development beyond earlier expectations. The researchers added that these advances could reduce the computational resources needed to break encryption.　　To prevent this threat, the report argued that blockchains must migrate to post-quantum cryptography urgently because decentralized networks may require years to coordinate protocol upgrades, wallet migrations, and validator changes.　　Why Blockchains Face Unique Risks　　In particular, the researchers explained why blockchains are at risk, citing Shors algorithm as

05-08Industry

Fomoin Partners with Catto Verse to Advance AI-Powered Web3 Innovation

Fomoin, a famous Web3 launchpad, has collaborated with Catto Verse, a feline-themed decentralized AI platform for Web3 market intelligence and automation. The partnership aims to incorporate AI-led crypto instruments and enhance consumer experiences across both networks. As per Fomoins official X announcement, the development will shortly unveil unique integrations, utility-led developments, community campaigns, and new integrations. Additionally, the move underscores the rising convergence of blockchain technology and AI within the wider Web3 market.　　We are excited to announce our #partnership with @Catto_Verse ????#Catto is your personal #AI crypto agent. We are a coordinated guild of 12 specialized feline agents, each with a distinct personality and domain expertise, working around the clock so you dont have to.　　Through… pic.twitter.com/Att2jJqSl7　　— Fomoin (@Fomo__in) May 7, 2026　　Catto Verse and Fomoin Partner to Broaden Web3 Innovation with AI Integration　　The partnership between Catto Verse and Fomoin denotes a key step toward unveiling unique opportunities for the communities of both entities. This takes into account the integration of AI-powered crypto instruments to streamline the user experience. So, the development is poised to drive solid engagement along with broadening the practical use cases of AI-led blockchain solutions. Amid the intensifying competition across the Web3 world, partnerships dealing with intuitive systems

05-08Industry

21Shares Canton ETF (TCAN) Begins Trading on Nasdaq

21Shares Canton ETF (TCAN) Begins Trading on Nasdaq　　Crypto asset manager 21Shares has listed its Canton ETF, trading under the ticker TCAN, on the Nasdaq exchange. The fund is designed to provide investors with exposure to the Canton Network, a blockchain ecosystem focused on decentralized finance and institutional applications.　　What is the Canton ETF？　　The TCAN ETF tracks the performance of digital assets and protocols built on the Canton Network. Unlike many crypto ETFs that hold a single asset like Bitcoin or Ethereum, TCAN offers diversified exposure across the Canton ecosystem, which includes smart contract platforms, decentralized applications, and infrastructure tokens.　　21Shares, already a prominent issuer of crypto exchange-traded products in Europe and the United States, is also an active participant in the Canton Network. The firm serves as a validator and a global synchronizer participant within the network, meaning it helps secure the blockchain and facilitate cross-chain communication.　　Why This Listing Matters　　The arrival of TCAN on Nasdaq marks a step forward for institutional adoption of blockchain-based ETFs beyond simple single-asset products. It signals growing investor appetite for funds that capture the broader utility of decentralized networks rather than just price movements of cryptocurrencies.　　For retail and institutional investors alike, TCAN offers a regulated, exchange-traded vehicle

05-08Industry

Heres what to expect from Fridays release of the April jobs report

Finance　　Here‘s what to expect from Friday’s release of the April jobs report　　Not that long ago, U.S. payroll growth of less than 100,000 or so a month meant the labor market was sinking and signaling a potential recession. No more, though, as that kind of number is pretty much all that is needed to keep unemployment steady and the Federal Reserve at bay.　　When the Bureau of Labor Statistics releases its job count for April on Friday morning at 8:30 a.m. ET, its expected to show a gain of just 55,000 — anemic compared to what the economy has seen in recent years, but enough to keep the jobless rate at a relatively low 4.3%.　　The picture in total is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.　　“The headline message remains similar to previous employment reports, if anything, accentuated though,” said David Tinsley, senior economist at the Bank of America Institute. “The labor market momentum in terms of payrolls has really turned solid.”　　The degree of stability, though, is in relative terms.　　Against muted expectations, job gains totaled 178,000 in March, the best month since December 2024. But that still left the 12-month average

05-08Industry