Bitcoin BTC$77,900.34 climbed above $79,000 on Wednesday, hitting its strongest level since early February as a long-awaited breakout attempt gathered momentum. The largest crypto rose 4.5% over the past 24 hours, leading major altcoins ether (ETH), BNB BNB$634.93, Solana (SOL) and XRP higher. The broad-market CoinDesk 20 Index advanced 3.5%. Crypto-linked stocks also rose. Strategy…
American Bitcoin (ABTC), a mining and treasury firm tied to the family of U.S. President Donald Trump announced on Wednesday it had added nearly 11,300 bitcoin mining rigs at its Drumheller site. The news caused its share price to rise by about 12% to $1.38. The firm said the miners were fully deployed at its…
The $292 million exploit tied to KelpDAO is the latest in a long line of crypto bridge hacks, underscoring how the systems designed to connect blockchains have become some of the easiest ways to break them. The incident involved KelpDAO’s use of LayerZero’s cross-chain messaging system, a type of infrastructure widely used to move data…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Jennifer Rosenthal on the need to protect the people actually building DeFi infrastructure. Alexis Sirkia on how Ethereum’s L2 strategy is failing due to a fundamental design flaw. Top headlines institutions should pay attention to by Francisco Rodrigues. Aave’s Market Share Slides After rsETH…
Kalshi, one of the leading prediction market firms, has issued another set of insider-trading disciplinary actions against users accused of making improper trades based on their inside knowledge of their own political situations, including an ex-reality TV star in Virginia who said he did it intentionally. “Cases like these demonstrate Kalshi’s commitment to policing all…
Elon Musk’s Tesla’s (TSLA) bitcoin BTC$78,519.11 holdings were unchanged in the first quarter of 2026, with the company continuing to hold its 11,509 BTC stockpile. The company booked an after-tax impairment loss of $173 million on its digital asset holdings, according to its first quarter earnings report. The value of that stash declined as bitcoin…
Blockchains were built as public networks in the best tradition of open-source technology. But their future is private. And that future is arriving faster than most people realize. This month, Tempo — the Stripe-backed payment blockchain that raised $500 million at a $5 billion valuation, with Visa, Mastercard, Paradigm, and UBS among its backers —…
Network News KELP DAO EXPLOIT: A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts. An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35 UTC over the weekend, worth…
The crypto industry is frequently finding bankers involved in its top-priority regulatory efforts, and this time, a coalition of bank trade associations has asked the U.S. Department of the Treasury to extend the window in which the public can weigh in on implementation of last year’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS)…
Strategy’s (MSTR) perpetual preferred stock, STRC, is now one week past its April 15 ex-dividend date. With bitcoin BTC$79,336.44 now at $79,000 this marks the first time in six months that BTC has risen in the week following the payout event. At the time of the ex-dividend date, bitcoin was around $75,000, highlighting continued strength…
