Reid Hoffman says NFTs may make a comeback as AI agents strain online identity
https://www.coindesk.com/business/2026/05/06/reid-hoffman-says-nfts-may-make-a-comeback-as-ai-agents-strain-online-identity
https://www.coindesk.com/business/2026/05/06/reid-hoffman-says-nfts-may-make-a-comeback-as-ai-agents-strain-online-identity
Coindesk
Reid Hoffman says NFTs may make a comeback as AI agents strain online identity
The Greylock partner and LinkedIn co-founder said autonomous agents will need crypto-based trust systems to transact across the open internet.
Bitcoin’s post-quantum migration will be harder than Taproot and needs to start now, Project Eleven CEO says
https://www.coindesk.com/tech/2026/05/06/bitcoin-s-post-quantum-migration-will-be-harder-than-taproot-and-needs-to-start-now-project-eleven-ceo-says
https://www.coindesk.com/tech/2026/05/06/bitcoin-s-post-quantum-migration-will-be-harder-than-taproot-and-needs-to-start-now-project-eleven-ceo-says
Coindesk
Bitcoin’s post-quantum migration will be harder than Taproot and needs to start now, Project Eleven CEO says
Alex Pruden said the asymmetry between acting on a post-quantum signature scheme today and waiting for certainty about quantum-computing hardware timelines means Bitcoin developers should move from research into production.
Why eBay Should Ignore GameStop and Use Bitcoin to Save $1.2 Billion in Transaction Costs
https://bitcoinmagazine.com/bitcoin-for-corporations/ebay-ignore-gamestop-bitcoin
https://bitcoinmagazine.com/bitcoin-for-corporations/ebay-ignore-gamestop-bitcoin
Bitcoin Magazine
Why EBay Should Ignore GameStop And Use Bitcoin To Save $1.2 Billion In Transaction Costs
Why eBay should reject GameStop and launch Bitcoin payments: A $1.2B annual opportunity cost that returns massive fee savings directly to global sellers.
Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities
https://www.coindesk.com/markets/2026/05/07/dogecoin-slides-4-bitcoin-rally-pauses-as-iran-ceasefire-optimism-lifts-equities
https://www.coindesk.com/markets/2026/05/07/dogecoin-slides-4-bitcoin-rally-pauses-as-iran-ceasefire-optimism-lifts-equities
Coindesk
Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities
Crypto majors took a breather Thursday after a strong run, with bitcoin holding around $81,000 and ether slipping below $2,330 as global equities pushed to fresh records on hopes of a US-Iran deal.
Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger
https://www.coindesk.com/markets/2026/05/07/ripple-jpmorgan-settle-first-cross-border-tokenized-treasury-redemption-on-xrp-ledger
https://www.coindesk.com/markets/2026/05/07/ripple-jpmorgan-settle-first-cross-border-tokenized-treasury-redemption-on-xrp-ledger
Coindesk
Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger
The pilot, run with Ondo Finance and Mastercard, processed the redemption of Ondo's OUSG tokenized Treasury fund in under five seconds.
BNY, world's largest custody bank, expands crypto services in Abu Dhabi
https://www.coindesk.com/business/2026/05/07/bny-world-s-largest-custody-bank-expands-crypto-services-in-abu-dhabi
https://www.coindesk.com/business/2026/05/07/bny-world-s-largest-custody-bank-expands-crypto-services-in-abu-dhabi
Coindesk
Wall Street's BNY expands crypto custody in Abu Dhabi, starting with bitcoin, ether
The Wall Street giant, which oversees $59 trillion in client assets, teamed up with Finstreet and ADI Foundation for digital asset infrastructure.
Three signals pointing to a possible bitcoin move to $85,000
https://www.coindesk.com/markets/2026/05/07/three-signals-pointing-to-a-possible-bitcoin-move-to-usd85-000
https://www.coindesk.com/markets/2026/05/07/three-signals-pointing-to-a-possible-bitcoin-move-to-usd85-000
Coindesk
Bitcoin (BTC) price prediction: Three signals pointing to a possible jump to $85,000
Bitcoin has broken key cost basis levels, funding rates have flipped neutral, and options positioning is turning supportive. The three signals that suggest further gains may be ahead.
Trump family-linked American Bitcoin posts $82 million loss as crypto drop bites
https://www.coindesk.com/markets/2026/05/07/trump-backed-american-bitcoin-s-costs-dropped-23-in-q1-as-mining-industry-pivots-to-ai
https://www.coindesk.com/markets/2026/05/07/trump-backed-american-bitcoin-s-costs-dropped-23-in-q1-as-mining-industry-pivots-to-ai
Coindesk
Trump family-backed American Bitcoin's costs dropped 23% in Q1 as mining industry pivots to AI
The Trump family-linked miner cut its cost per Bitcoin to roughly $36,200 from $46,900 in Q4 2025, putting it among the lowest-cost public mining operations at a moment when most of its peers are toning down business.
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Bitcoin lenders say institutions want crypto credit to look more like TradFi
https://www.coindesk.com/markets/2026/05/07/bitcoin-lenders-say-institutions-want-crypto-credit-to-look-more-like-tradfi
https://www.coindesk.com/markets/2026/05/07/bitcoin-lenders-say-institutions-want-crypto-credit-to-look-more-like-tradfi
Coindesk
BTC lenders say institutions want crypto credit to look more like TradFi
At Consensus 2026 in Miami, executives from Two Prime, Ledn and Lygos Finance said institutional borrowers increasingly prioritize custody, transparency and standardized lending structures over complex DeFi products after the crypto credit collapses of 2022.
The metaverse isn't a place: Why Animoca’s Yat Siu says the future is 100 billion AI agents
https://www.coindesk.com/markets/2026/05/07/animoca-pivots-from-virtual-worlds-to-an-ai-driven-metaverse-at-consensus-2026
https://www.coindesk.com/markets/2026/05/07/animoca-pivots-from-virtual-worlds-to-an-ai-driven-metaverse-at-consensus-2026
Coindesk
The metaverse isn't a place: Why Animoca’s Yat Siu says the future is 100 billion AI agents
Yat Siu said the metaverse is evolving beyond immersive digital worlds, with AI agents increasingly handling commerce, payments and coordination through blockchain infrastructure in the background.
Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues
https://www.coindesk.com/business/2026/05/07/core-scientific-sold-usd208-million-of-bitcoin-in-q1-as-ai-pivot-continues
https://www.coindesk.com/business/2026/05/07/core-scientific-sold-usd208-million-of-bitcoin-in-q1-as-ai-pivot-continues
Coindesk
Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues
The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2B in revenue over 12 years.
Safety first: Why Adam Back says Bitcoin is winning the 'DeFi security war'
https://www.coindesk.com/tech/2026/05/07/safety-first-why-adam-back-says-bitcoin-is-winning-the-defi-security-war
https://www.coindesk.com/tech/2026/05/07/safety-first-why-adam-back-says-bitcoin-is-winning-the-defi-security-war
Coindesk
Safety first: Why Adam Back says Bitcoin is winning the 'DeFi security war'
Blockstream CEO Adam Back said at Consensus Miami 2026 that sovereigns and pension funds will drive the next bitcoin adoption wave.
Altcoins climb as bitcoin and ether retreat from weekly highs
https://www.coindesk.com/markets/2026/05/07/altcoins-climb-as-bitcoin-and-ether-retreat-from-weekly-highs
https://www.coindesk.com/markets/2026/05/07/altcoins-climb-as-bitcoin-and-ether-retreat-from-weekly-highs
Coindesk
Bitcoin stalls below $83K while altcoins flash bullish rotation: Crypto Markets Today
Altcoins outperformed bitcoin and ether on Thursday as traders rotated into higher-risk assets amid improving market sentiment.
Purge of millions of crypto tokens underway, BTC needs it for sustainable bull cycle: Ben Cowen
https://www.coindesk.com/markets/2026/05/07/purge-of-millions-of-crypto-tokens-underway-btc-needs-it-for-sustainable-bull-cycle-ben-cowen
https://www.coindesk.com/markets/2026/05/07/purge-of-millions-of-crypto-tokens-underway-btc-needs-it-for-sustainable-bull-cycle-ben-cowen
Coindesk
Purge of millions of crypto tokens underway, BTC needs it for sustainable bull cycle: Ben Cowen
Researcher and market analyst Ben Cowen says the purge of millions of altcoins is already underway and is necessary for a sustainable bitcoin bull market to be in place.
Bitcoin narrowly missed a major breakout. History says be careful.
https://www.coindesk.com/daybook-us/2026/05/07/bitcoin-narrowly-missed-a-major-breakout-history-says-be-careful
https://www.coindesk.com/daybook-us/2026/05/07/bitcoin-narrowly-missed-a-major-breakout-history-says-be-careful
Coindesk
Bitcoin (BTC) narrowly missed a major breakout. History says be careful.
The day ahead in crypto: May 7, 2026
Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus
https://www.coindesk.com/markets/2026/05/07/bitcoin-treasury-firms-outline-usd3-trillion-opportunity-in-btc-backed-digital-credit-at-consensus
https://www.coindesk.com/markets/2026/05/07/bitcoin-treasury-firms-outline-usd3-trillion-opportunity-in-btc-backed-digital-credit-at-consensus
Coindesk
Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus
Digital credit has grown to about $10 billion in under a year, with bitcoin treasury firms arguing it could expand into a multi-trillion-dollar market tied to global credit demand.
SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs
https://www.coindesk.com/business/2026/05/07/sofi-s-relaunched-crypto-business-generated-usd121-6-million-in-q1-transaction-revenue
https://www.coindesk.com/business/2026/05/07/sofi-s-relaunched-crypto-business-generated-usd121-6-million-in-q1-transaction-revenue
Coindesk
SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs
The company launched the SoFiUSD stablecoin for enterprise payments in December and partnered with Mastercard for settlement capabilities.
Aave to overhaul collateral and listing standards after KelpDAO exploit
https://www.coindesk.com/business/2026/05/07/aave-to-overhaul-collateral-and-listing-standards-after-kelpdao-exploit
https://www.coindesk.com/business/2026/05/07/aave-to-overhaul-collateral-and-listing-standards-after-kelpdao-exploit
Coindesk
Aave rewrites the rulebook for asset listings after $293 million exploit
The lending giant is expanding its asset listing criteria beyond financial risk to include cybersecurity and architecture, and wants the rest of DeFi to follow.
Kalshi confirms $1 billion raise at $22 billion valuation amid prediction market boom
https://www.coindesk.com/business/2026/05/07/kalshi-confirms-usd1-billion-raise-at-usd22-billion-valuation-amid-prediction-market-boom
https://www.coindesk.com/business/2026/05/07/kalshi-confirms-usd1-billion-raise-at-usd22-billion-valuation-amid-prediction-market-boom
Coindesk
Kalshi confirms $1 billion raise that values the firm at $22 billion amid prediction market boom
The firm said institutional trading volume surged 800% over six months on the platform, while annualized trading hit $178 billion despite growing regulatory scrutiny.
The $700 million migration: Why Solv Protocol is ditching LayerZero for Chainlink
https://www.coindesk.com/business/2026/05/07/solv-drops-layerzero-for-chainlink-ccip-in-usd700-million-tokenized-bitcoin-migration
https://www.coindesk.com/business/2026/05/07/solv-drops-layerzero-for-chainlink-ccip-in-usd700-million-tokenized-bitcoin-migration
Coindesk
The $700 million migration: Why Solv Protocol is ditching LayerZero for Chainlink
The combined migrations by Solv and Kelp shift nearly $1 billion in assets to Chainlink's CCIP, reflecting an industry "flight to quality."
Crypto for Advisors: beneath the crypto surface
https://www.coindesk.com/coindesk-indices/2026/05/06/crypto-for-advisors-beneath-the-crypto-surface
https://www.coindesk.com/coindesk-indices/2026/05/06/crypto-for-advisors-beneath-the-crypto-surface
Coindesk
Crypto for Advisors: beneath the crypto surface
Beneath the stalled market, advisors and long-term investors are quietly building durable crypto allocations and are becoming more comfortable investing in this asset class.