💼 #POL Polygon launches a payment system using private stablecoins aimed at institutional clients. #stablecoin
💰 #AI Haun Ventures raised $1 billion, expanding its focus from cryptocurrencies to AI, Cointelegraph
🙅 $DGB, $HOOK, $SLP, $RDNT, $GAME, $PORTALS, $USDD delisted from Bybit spot
🇦🇺💼 Coinbase Australia Launches Support for Cryptocurrencies for Pension Funds - theblock.co
🤔 CRYPTO EXCHANGE BULLISH STRIKES $4.2 BILLION DEAL FOR TRANSFER AGENT IN TOKENIZATION PUSH: WSJ
Crypto exchange Bullish to buy transfer agent Equiniti for $4.2 billion, including debt.
Bullish transaction for Equiniti expected to close in January pending regulatory approvals.
Equiniti services nearly 3,000 public companies including Berkshire Hathaway and Moody's. #regulation
Crypto exchange Bullish to buy transfer agent Equiniti for $4.2 billion, including debt.
Bullish transaction for Equiniti expected to close in January pending regulatory approvals.
Equiniti services nearly 3,000 public companies including Berkshire Hathaway and Moody's. #regulation
💸 $BTC punched $80K — and bears just paid $300M to learn it.
$BTC tagged $80,594 — first time since January.
$301.93M in shorts liquidated in 24h. Single biggest: an $11.77M $ETH/USDT short on Binance.
This is the second short squeeze in two weeks. The April 18 break of $77K already cost shorts $593M.
The tape isn't asking permission anymore.
$BTC tagged $80,594 — first time since January.
$301.93M in shorts liquidated in 24h. Single biggest: an $11.77M $ETH/USDT short on Binance.
This is the second short squeeze in two weeks. The April 18 break of $77K already cost shorts $593M.
The tape isn't asking permission anymore.
🐳 The whale Loracle.hl has sold 556,729 $HYPE for $22.9M at an average price of $41.16. He only holds 95.8 $HYPE now.
He also holds:
- 708,219 $HYPE ($32.5M) - loss of $1.756M
- 318.74 $BTC ($25.7M) - profit of $727K
- 147,286 $CL ($15.35M) - profit of $51K
- 33,432 $BRENTOIL ($7.16M) - profit of $45K
- 374.66 $PAXG ($1.7M) - loss of $271K
- 13,529,978 $CHIP ($778K) - loss of $221K
He also holds:
- 708,219 $HYPE ($32.5M) - loss of $1.756M
- 318.74 $BTC ($25.7M) - profit of $727K
- 147,286 $CL ($15.35M) - profit of $51K
- 33,432 $BRENTOIL ($7.16M) - profit of $45K
- 374.66 $PAXG ($1.7M) - loss of $271K
- 13,529,978 $CHIP ($778K) - loss of $221K
📊 $ETH funding flipped positive while $183M in outflows turned into inflows overnight.
Spot $ETH ETFs experienced four consecutive days of outflows into April's close, totaling $183.7M from April 27–30. On May 1, the trend reversed with $101.2M in inflows, including $43.2M from BlackRock's ETHA and $49.4M from Fidelity's FETH. Funding is now positive, with a 24-hour CVD also in the positive.
Spot $ETH ETFs experienced four consecutive days of outflows into April's close, totaling $183.7M from April 27–30. On May 1, the trend reversed with $101.2M in inflows, including $43.2M from BlackRock's ETHA and $49.4M from Fidelity's FETH. Funding is now positive, with a 24-hour CVD also in the positive.
🤔 Coinbase Plans to Cut 14% of Workforce
Coinbase co-founder and CEO Brian Armstrong announced that the company will reduce its workforce by approximately 14%. This decision is attributed to market cyclicality and the increasing influence of AI on productivity. Armstrong stated that Coinbase aims to transition to a leaner, AI-native structure with fewer management layers and smaller, more efficient teams.
Coinbase co-founder and CEO Brian Armstrong announced that the company will reduce its workforce by approximately 14%. This decision is attributed to market cyclicality and the increasing influence of AI on productivity. Armstrong stated that Coinbase aims to transition to a leaner, AI-native structure with fewer management layers and smaller, more efficient teams.
🇫🇷💰 Europe’s Early Bitcoin-Treasury Firm Sequans Sells 1,025 BTC
France-listed Sequans Communications (SQNS), which raised $384 million in 2025 to launch a Bitcoin treasury strategy, has sold 1,025 BTC and now holds 1,114 BTC. Company filings show Sequans previously disclosed 2,139 BTC as of end-2025; as of April 30, its remaining 1,114 BTC was valued at about $84.9 million. The filings also indicate 817 BTC is pledged as collateral for the remaining $35.9 million of the company’s convertible notes.
France-listed Sequans Communications (SQNS), which raised $384 million in 2025 to launch a Bitcoin treasury strategy, has sold 1,025 BTC and now holds 1,114 BTC. Company filings show Sequans previously disclosed 2,139 BTC as of end-2025; as of April 30, its remaining 1,114 BTC was valued at about $84.9 million. The filings also indicate 817 BTC is pledged as collateral for the remaining $35.9 million of the company’s convertible notes.
🤝 FalconX And Sygnum Partner To Launch Tokenized Credit Offering For Institutional Clients: The Block
🤝 Kraken To Let Customers Cash Out Crypto At MoneyGram Locations In More Than 100 Countries: Fortune
💰 A16Z raised $2.2 billion in a new fund, noting that the fundamental metrics of the cryptocurrency market are at "record highs."
🇺🇸📝 USA - Trade Balance (March) = -$60.3 billion (expected -$61 billion / previously -$57.3 billion)
📲 #JTO Fortune: Jito plans to launch a mobile trading app called JTX in July. The app will offer spot trading, with future integrations for perpetual futures and prediction markets.
💼 #SXT Space and Time launches virtual storage for institutional lending on the blockchain. Cointelegraph
🕵️ ZachXBT: $150M Ponzi Collapses, $41.5M Frozen Across Chains
On-chain investigator ZachXBT reported that the DSJ Exchange (DSJEX) / BG Wealth Sharing Ponzi scheme collapsed last week, involving over $150 million.
Between April 27 and May 3, more than $92 million in illicit funds was laundered across chains, with approximately $63 million routed to custody provider Cobo. ZachXBT assisted Tether, Binance security team, OKX, and U.S. law enforcement, resulting in over $41.5 million frozen so far. #regulation
On-chain investigator ZachXBT reported that the DSJ Exchange (DSJEX) / BG Wealth Sharing Ponzi scheme collapsed last week, involving over $150 million.
Between April 27 and May 3, more than $92 million in illicit funds was laundered across chains, with approximately $63 million routed to custody provider Cobo. ZachXBT assisted Tether, Binance security team, OKX, and U.S. law enforcement, resulting in over $41.5 million frozen so far. #regulation