💸 At $76.7K, more than 7.8M #BTC are currently held at a loss.
The supply overhang from buyers near cycle highs remains substantial, which is a weight the market will need to absorb before any sustained move higher becomes structurally credible.
The supply overhang from buyers near cycle highs remains substantial, which is a weight the market will need to absorb before any sustained move higher becomes structurally credible.
📈 President Trump moves to withdraw his $10 billion lawsuit against the IRS. #regulation
🇺🇸🇮🇷 Reuters: A high-ranking source in Iran has stated that the US has shown flexibility during the current negotiations, including regarding restrictions on Iran's nuclear activities. Washington has only agreed to unfreeze 25% of Iranian funds according to a phased schedule. Tehran demands the unfreezing of all funds. Iran's revised proposal includes a final end to the war, lifting of sanctions, and resuming operations in the Strait of Hormuz. The nuclear issue will be discussed later. #tradewars
🤔 Payward Q1 Revenue Rises to $507M as Kraken Parent Expands M&A and IPO Push
Payward, the parent company of Kraken, reported Q1 2026 adjusted revenue of $507 million, up 3% year-over-year. Assets on Platform reached $40 billion, and funded accounts rose 47% year-over-year to 6.1 million. The company is expanding its multi-asset infrastructure through acquisitions, including Backed, Magna, Bitnomial, and Reap, while maintaining plans for a future IPO.
Payward, the parent company of Kraken, reported Q1 2026 adjusted revenue of $507 million, up 3% year-over-year. Assets on Platform reached $40 billion, and funded accounts rose 47% year-over-year to 6.1 million. The company is expanding its multi-asset infrastructure through acquisitions, including Backed, Magna, Bitnomial, and Reap, while maintaining plans for a future IPO.
🚀 Vitalik Buterin stated that AI-assisted formal verification could represent the “final form” of software development, allowing for highly efficient and mathematically verified code. He emphasized its potential uses in Ethereum, ZK systems, consensus, and cryptography, while acknowledging that formal verification enhances security but does not ensure complete correctness.
🔮 #BTC Reading the Bitcoin Bottom via HODL Waves
“Our predicted price range for this cycle's bottom is $65.9K–$70.5K. If $70.5K holds, we’ll slowly grind out a bottom in the upper range.”
“Our predicted price range for this cycle's bottom is $65.9K–$70.5K. If $70.5K holds, we’ll slowly grind out a bottom in the upper range.”
🔮 #BTC Reading the Bitcoin Bottom via HODL Waves
“Our predicted price range for this cycle's bottom is $65.9K–$70.5K. If $70.5K holds, we’ll slowly grind out a bottom in the upper range.”
“Our predicted price range for this cycle's bottom is $65.9K–$70.5K. If $70.5K holds, we’ll slowly grind out a bottom in the upper range.”
🇺🇸🏦 Minnesota Governor Signs Bill Allowing Banks and Credit Unions to Offer Crypto Custody Services.
🆕 $BTC rolled over from a local peak above $82K into the mid-$76Ks, with spot demand, ETF flows, and speculative positioning weakening. Long-term holder strength remains a key source of support. #etf
🇺🇸🇮🇷 A senior US official told Axios that Iran's updated proposal for resolving the conflict does not represent a significant improvement and is still insufficient to reach an agreement.
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🇺🇸🗣 White House Executive Director says there is an announcement coming soon regarding a Strategic Bitcoin Reserve:
"We'll have an announcement...It's a breakthrough as far as getting everything in place, legally sound, properly safeguarding the assets."
"We'll have an announcement...It's a breakthrough as far as getting everything in place, legally sound, properly safeguarding the assets."
🗣 Kevin Warsh to be sworn in as Fed Chair on Friday, officially replacing Jerome Powell. #macro