Latest Crypto News & Market Updates

Crypto industry will be ‘just fine’ if CLARITY Act doesnt pass: Chris Perkins

The US crypto industry‘s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesnt make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins.　　“If not, we‘re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks.　　Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies joint interpretation released in March on how federal securities laws apply to crypto assets.　　Being labeled a security was once a “death sentence” for crypto　　“These guys are creating policy and precedent every single day, and they are giving us the one thing weve needed for a very long time, that certainty, that stability, and ultimately, a taxonomy,” Perkins said.　　“In the past, being a security was a death sentence; there was nowhere to go with it, and it just didnt reconcile…now it is awesome to be a security,” he said.　　During the Joe Biden administration, under former SEC chair Gary Gensler, crypto tokens classified as securities

05-03Exchange

Bakkt Completes DTR Acquisition Amid Revenue Growth and Strategic Overhaul

Tech　　Bakkt Completes DTR Acquisition Amid Revenue Growth and Strategic Overhaul　　Bakkt Inc. has finalized its acquisition of Distributed Technologies Research (DTR), a developer of agentic payments and stablecoin infrastructure, about three months after formally agreeing to the purchase. The move follows a transformative third quarter in which the company reported $402.2 million in GAAP revenue—a 27% year-over-year increase—and completed a major structural overhaul.　　The deal combines Bakkt‘s regulated, institutional-grade infrastructure and nationwide licensing footprint with DTR’s AI-native engine and compliance stack. By embedding stablecoin capabilities directly into its core infrastructure, Bakkt is positioning itself to deliver a 24/7 digital settlement layer that bypasses the friction of traditional correspondent banking.　　“The architecture of money movement rarely evolves at this level,” said Akshay Naheta, CEO of Bakkt. “This transaction accelerates the re-platforming of global financial infrastructure. By fully integrating DTRs technology, we are introducing stablecoin functionality as a critical bridge between legacy financial systems and the next generation of digital assets.”　　The acquisition is the cornerstone of Bakkt‘s new strategy, which revolves around three business lines: Bakkt Markets, Bakkt Agent (the AI-driven stablecoin platform powered by DTR) and Bakkt Global. This streamlined approach follows the Oct. 1 sale of the company’s noncore loyalty business and the

05-03Industry

Starlink Usage Turns Fatal in Iran Internet Blackout

Afshin Kolahi, a member of Irans Chamber of Commerce, estimates that the blockade has caused daily economic losses of up to $80 million, with total losses reaching over $2.5 billion. Nonetheless, it has also affected the human rights of Iranians, who are now being pursued for seeking ways to sidestep this blockade.　　According to local reports, Hesam Alaeddin, a 40-year-old man who was arrested in Tehran for allegedly using a Stralink terminal to access the internet, was beaten to death in his home during questioning and a search after his electronic devices were seized.　　This would be one of the first deaths reported linked to the use of Starlink terminals in Iran, after the devices became an escape from the blockade that maintains most of the population disconnected.　　The regime has been targeting Starlink, the famous satellite internet company, whose usage is considered a crime in the country, since January. In April, four individuals were arrested for importing Starkink terminals, accused of being part of a foreign espionage network.　　Even so, the few Iranians who can purchase the kits on black markets for thousands of dollars, and those who use specialized virtual private networks (VPNs), keep risking their lives to reach beyond the digital

05-03Industry

Greg Abel Reveals Berkshire’s ‘Narrow AI’ Direction After Buffett Retirement

Greg Abel told Berkshire Hathaway shareholders Saturday that the conglomerate will adopt artificial intelligence (AI) only where it adds clear value, rejecting industry-wide hype in his first annual meeting as the designated successor to Warren Buffett.　　His remarks, delivered in Omaha on May 2, set out a cautious deployment strategy across Berkshires insurance, rail, energy, and manufacturing units. Buffett, who recently retired from the chief executive role, did not weigh in on AI during the session.　　Narrow AI, Not Hype　　Abel told shareholders that AI must improve efficiency, safety, or decision-making before Berkshire deploys it. The vice chairman pointed to railroad subsidiary BNSF, where targeted AI tools are sharpening operations, and to insurance, where the company uses technology to flag fraud and deepfake threats.　　Organizers opened the meeting with an AI-generated video of Buffett, which Abel called a serious risk Berkshire manages every day.　　“It has to be additive to our businesses. Were not going to do AI for the sake of AI,” he said.　　The framing extends Buffetts long-standing skepticism of unproven tech narratives, and stands in contrast to peers cutting jobs or rebranding around AI capabilities.　　Energy Unit Positioned for Data-Center Boom　　The clearest growth angle came from Berkshire Hathaway Energy. Data centers already account for

05-03Industry

Ethereums Glamsterdam upgrade triples gas limit, boosts scalability

Ethereum　　Ethereums Glamsterdam upgrade triples gas limit, boosts scalability　　Ethereum‘s price prediction market for May is currently assessing the impact of the Glamsterdam upgrade, which involves a substantial increase in the gas limit. The market appears to be considering a potential increase in Ethereum’s price, driven by enhanced scalability and utility.　　## Key Takeaways　　– The Ethereum gas limit increase appears to suggest enhanced scalability and utility for the network. – Market pricing suggests participants view the upgrade as potentially supportive of Ethereum price increases. – Ethereum price predictions for May are consistent with scenarios where the networks improvements drive increased demand.　　## Article Body　　The Ethereum blockchain is set to undergo a major enhancement with the upcoming Glamsterdam upgrade, which will increase the network‘s gas limit from 60 million to approximately 200 million. This change is expected to more than triple the Layer 1 execution capacity, significantly improving Ethereum’s scalability. The upgrade, which was agreed upon by over 100 core developers at the Soldøgn Interop event, aims to reach 10,000 transactions per second. Hasufl, a prominent figure in the Ethereum community, noted that unless there is a corresponding surge in demand, gas fees are likely to remain minimal. This development is part of a broader

05-03Industry

Whale Places $90M Leveraged Bet on BTC, ETH Rally

Bitcoin Ethereum　　Whale Places $90M Leveraged Bet on BTC, ETH RallyA $90M leveraged crypto bet sits close to liquidation as Bitcoin and Ethereum trade near entry levels.High 20x leverage leaves trader wallet 0x049b exposed to sharp losses if prices dip slightly further.Market sees heavy liquidations, but whale flows remain split between aggressive bets and long-term holding.　　A crypto trader has opened a high-risk bet worth about $90 million on Bitcoin and Ethereum, according to blockchain analytics platform Lookonchain. The move shows how some market players are still expecting sharp price swings in the near term. The trader, identified as wallet “0x049b,” used heavy leverage to enter both positions, which increases both potential gains and losses.　　The position holds 586.68 Bitcoin worth about $45.8 million and 19,416 Ethereum valued at nearly $44.7 million. The trade sits very close to its liquidation levels, so even small price drops could trigger a forced exit. Bitcoin entered around $78,540, while Ethereum started near $2,317, showing how tightly the position is set to current market prices.　　Leveraged Positions Raise Market Risk　　According to Hypurrscan data, the trader has 586.68 Bitcoins and 19,416 Ethereum via perpetual futures, with both positions leveraged 20 times in isolation. The position on Bitcoin was taken

05-03Ethereum

Crypto ETF: Bitcoin, Ethereum Funds Record Massive Inflows of $731M

This influx follows a series of crypto ETF outflows around the end of April. On April 29, Bitcoin ETFs experienced net outflows of $137.6 million. Also, on April 30, it experienced a net outflow of 23.5 million. Previously, there was a bigger outflow of funds of $263.2 million as of April 27.　　On May 1, Ethereum ETFs saw an addition of $101.2 million, a reversal of a clear outflow pattern. During the days before the rebound, Ether ETF products recorded withdrawals totaling $87.8 million on April 29 and $23.7 million on April 30.　　Ethereum ETFs Inflow Data | Source: Farside Investors　　There were also crypto ETF outflows for ETH earlier in the month. Ethereum ETFs saw redemptions of $75.9 million on April 23 and $50.4 million on April 27, as sustained redemptions preceded inflows as they returned.　　According to the XRP Insights data, XRP ETF products are growing more slowly. The total assets under management are estimated to be $1.12 billion.　　Around 828.33 million XRP are locked, which is approximately 0.8283% of the total supply. The weekly net inflow is 11.28 million XRP, or about $15.68 million. However, despite ETF inflows, there were zero flows into Solana ETF products.　　Whats Next for Bitcoin Price？　　Meanwhile, analyst Michaël

05-03Ethereum

Crypto card spending hits $600 million a month with TRON taking 35% of March volume

The chains three-second block times and resource-based fee model make stablecoin transfers cheap and fast enough for point-of-sale flow.　　“Stablecoins have already become the base rails for global value movement,” TRON founder Justin Sun said in an April interview.　　The card data is the first month-by-month evidence that the rails are now reaching everyday spending, not just on-chain settlement.　　As Cryptopolitan reported in February, fintech platform Kolo integrated TRON to process more than $250 million in transaction volume, with about 30% executed directly on TRC-20 USDT rails. That single integration is the small-scale version of what the March numbers now show at the network level.　　Southeast Asia drives the volume　　Southeast Asia accounted for approximately 60% of global stablecoin payment volume during the period, with local card issuance growing 83x between 2024 and 2025. The cards serve as primary financial access for users in areas with thin or expensive banking infrastructure.　　That distinction explains why the cashback war among emerging issuers is heating up.　　Jupiter Globals Solana-based Visa card returns 4% to 10% cashback by tier and posted 660% month-over-month growth in April.　　KAST, Tria, and the Solana-based Pengu Card have widened the field beyond established issuers, with Pengu enabling USDC and USDT spending at an estimated 150

05-03Industry

Bitcoin demand lags despite $275B inflows - But 2 factors can save BTCs rally

Bitcoin　　Bitcoin demand lags despite $275B inflows – But 2 factors can save BTCs rally　　After months of subdued activity, Bitcoin posted its first monthly close in nine months in April, with inflows reaching $275 billion—the highest level since August 2025.　　Despite this surge, questions around the rallys sustainability persist. Early bullish signals are emerging, but they have yet to translate into confirmed demand strength.　　Demand lags behind price momentum　　Data from CryptoQuant shows that Bitcoin has gained roughly 30% since February, reflecting a clear recovery in price. However, underlying demand conditions remain insufficient to confirm the start of a full bull cycle.　　This assessment hinges on the Bitcoin Apparent Demand Growth metric, which evaluates whether the market is experiencing sustained accumulation. The indicator measures the gap between newly issued Bitcoin and the portion of supply that remains inactive.　　Source: CryptoQuant　　That gap remains negative at approximately 44,700 BTC, signaling that demand has yet to absorb new supply. Until this metric flips into positive territory, claims of a confirmed bull run remain premature.　　Still, the trend shows improvement. The deficit has narrowed from around 89,000 BTC at the start of April, suggesting that accumulation is gradually increasing.　　For now, however, demand continues to lag behind price action. A durable bullish

05-03Industry

Alphabets Q1 earnings boost investor confidence, Google Cloud revenue up 63%

Tech　　Alphabets Q1 earnings boost investor confidence, Google Cloud revenue up 63%　　## Market Snapshot The prediction market focusing on Google‘s stock price reaching $310 in April is currently priced at 100% YES across all active sub-markets. This suggests a strong consensus among market participants regarding the stock’s upward trajectory for the month.　　## Key Takeaways – Alphabet‘s Q1 earnings report appears to have positively impacted market sentiment, consistent with a YES outcome for Google’s stock price reaching $310 in April. – Google Cloud‘s significant 63% year-over-year revenue growth suggests increased investor confidence in Alphabet’s AI-driven business model. – The market‘s unanimous 100% YES pricing indicates strong support for Alphabet’s continued financial performance, driven by AI demand.　　## Article Body Alphabet has reported a strong performance in its Q1 2026 earnings, with Google Cloud revenue surging 63% year-over-year to $20 billion. This growth is attributed to increased demand for artificial intelligence infrastructure, positioning Google Cloud as a key player in the competitive tech landscape alongside Amazon and Microsoft. Alphabet has also raised its capital expenditure guidance for 2026 to $180-190 billion, reflecting its commitment to capturing a significant share of the projected $700 billion AI industry spend. This development comes amid a broader tech

05-03Industry

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