Crypto

Jack Dorsey’s Block raised full-year guidance after recording $173 million in Q1 bitcoin revenue. Source: The Block

Coinbase reported a nearly $400 million loss in Q1, with the CEO seeking to reduce dependence on crypto market volatility. Stock fell 5%. Source: The Block / CoinDesk

JPMorgan reported that bitcoin is gaining over gold as a debasement trade following the Iran conflict, with institutional funds continuing to flow into BTC ETFs. Source: The Block

Kraken to Acquire Hong Kong Stablecoin Firm Reap for $600 Million Crypto exchange Kraken’s parent company Payward will acquire Hong Kong stablecoin payment firm Reap for $600 million, marking a major expansion in Asian stablecoin payments. Key Points: Source: The Block Published: 2026-05-08 Impact Score: Tier 1 (8.0/10)

[Brief] Hyperliquid Strategies posts $165 million net loss for nine months ended March 31 as HYPE treasury grows. The firm has deployed $216 million to acquire approximately 7.3 million HYPE tokens since its inception in December 2025.

JPMorgan analysts said in a new report that Bitcoin is increasingly replacing gold as investors’ preferred hedge against currency debasement following the Iran conflict escalation. The report shows institutional money continues flowing into Bitcoin ETFs while gold ETFs see outflows. If this trend persists, it could profoundly reshape the global safe-haven asset landscape.

Leading DeFi protocol Aave has announced a comprehensive overhaul of its collateral and listing standards in response to risk management issues exposed by the recent KelpDAO exploit. As one of the largest lending protocols in DeFi, Aave’s move aims to strengthen protocol security and prevent similar incidents. The reforms are expected to impact collateral parameters for multiple listed assets.

Multiple crypto industry executives have reached a consensus that DeFi is not dead but is instead going mainstream through AI agent technology. AI agents can autonomously execute trades and manage portfolios, bringing entirely new user groups to DeFi protocols. This trend signals a deep convergence of crypto finance and traditional AI technology.

The U.S. Treasury Department has demanded that Binance comply with government-specified monitoring guidelines, marking an escalation in regulatory pressure on the world’s largest cryptocurrency exchange. According to reports, the Treasury’s Office of Foreign Assets Control (OFAC) is intensifying enforcement actions, requiring Binance to fully implement compliance monitoring requirements. This move is seen as a key part of the U.S. government’s ongoing efforts to clean up the cryptocurrency industry. Binance, as the world’s largest crypto trading platform, has long faced intense scrutiny from regulators worldwide. Previously, Binance agreed to pay $4.3 billion in fines to resolve the U.S. Department of Justice investigation and committed to strengthening its compliance framework. ...

At Consensus Miami 2026, executives from Bitcoin treasury companies said BTC-backed “digital credit” is scaling rapidly, pointing to a $3 trillion long-term opportunity. Industry leaders predict sovereigns, pension funds, and treasury companies will join the next wave of Bitcoin adoption.