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Revenue from Bitcoin miner TeraWulf Inc.’s high-performance computing, or HPC, business exceeded its Bitcoin mining revenue for the first time in the first quarter, underscoring miners’ broader push to diversify their operations. The Block reported o
April was one of the worst months on record for cryptocurrency hacks, underscoring mounting security risks across decentralized finance. About 30 crypto hacking incidents were reported in April, The Block reported on May 8. The scale of the damage wa
Iran said it is preparing a new legal framework governing operations in the Strait of Hormuz, signaling a push to tighten control over the waterway. Walter Bloomberg reported on May 8 that Iran is moving ahead with plans for a new "legal regime" for
U.S. Vice President JD Vance discussed Iran-related talks with Qatar’s prime minister, according to a report, in the latest sign of ongoing diplomacy in the Middle East. Walter Bloomberg reported on May 8 that Vance met with the Qatari prime minister
A Federal Reserve official said the recent rise in prices cannot be explained by energy costs alone, underscoring persistent inflation concerns. Walter Bloomberg reported on May 8 that Chicago Fed President Austan Goolsbee said, “Inflation is not jus
Barclays said room for further gains in equities may be limited even as expectations build for a US-Iran agreement. The bank identified a reopening of the Strait of Hormuz as the key variable. Walter Bloomberg reported on May 8 that global equities h
The three major US stock indexes closed lower on May 8. The Nasdaq Composite fell 0.13% to 25,806.20. The Dow Jones Industrial Average dropped 0.63% to 49,596.60, while the S&P 500 declined 0.38% to 7,337.10.
Donald Trump Jr. pushed back against rumors that World Liberty Financial, or WLFI, is facing bankruptcy, rejecting the claims outright as a dispute over the reports continues. CoinDesk reported on May 7 that Trump Jr. told the Consensus 2026 event re
BitMine said it may slow the pace of its Ether accumulation as it closes in on its ownership target. Tom Lee, chairman of BitMine Immersion Technologies and co-founder of Fundstrat, told CoinDesk on May 7 that at the current pace, the company could r
Fundstrat co-founder Tom Lee said Bitcoin may be emerging from its bear market, pointing to signs of a trend reversal. Lee told the Consensus 2026 event that Bitcoin is breaking out of the downtrend that took it from $126,000 in October 2025 to $60,0
The US Senate is preparing to move forward with a vote on the CLARITY Act, a bill that would set out a market-structure framework for digital assets, according to a report. Optimism over the legislation's prospects has persisted. Eleanor Terrett, hos
Anchorage Digital is working with multiple financial institutions and big tech companies on stablecoin launches, signaling intensifying competition in the market for corporate stablecoins. CoinDesk reported on May 7 that Anchorage Digital Chief Execu
Short positions are becoming increasingly concentrated in the Bitcoin futures market, pointing to a potential supply-demand imbalance in derivatives trading. CoinDesk reported on May 7 that James Acheson, founder and chief investment officer of Caeru
A majority of US voters support the CLARITY Act, a proposed cryptocurrency market structure bill, in a sign of bipartisan backing for the measure. Eleanor Terrett, host of Crypto in America, said on May 7 that a recent poll found 52% of voters suppor
JPMorgan expects Strategy’s Bitcoin accumulation to expand sharply this year as the company maintains an aggressive buying pace. The Block reported on May 7 that, in a report, JPMorgan estimated Strategy has bought about 145,834 additional Bitcoin th
Iran has rejected a US proposal to reopen the Strait of Hormuz, underscoring the impasse in the talks. Walter Bloomberg reported on May 7 that senior Iranian official Mohsen Rezaei called the US proposal to reopen the Strait of Hormuz "unrealistic."
US intelligence officials have given a relatively strong assessment of Iran’s ability to withstand sanctions and a blockade, underscoring the risk of prolonged tensions in the Middle East. Citing Walter Bloomberg, the Central Intelligence Agency asse
Bitcoin briefly fell below the $80,000 mark. As of 12:22 a.m. on May 8, Bitcoin was trading at $79,893 on Binance's Tether market, down 2.26% from a day earlier.
Aave is revamping its risk-management framework after the recent KelpDAO hack, tightening the standards it uses to assess collateral assets. CoinDesk reported on May 7 that Aave plans a sweeping overhaul of its collateral assessment and listing crite
Russia has warned diplomatic missions in Kyiv to evacuate, underscoring rising military tensions ahead of Victory Day. On May 7, citing Walter Bloomberg, Russia’s Foreign Ministry advised foreign embassies in Kyiv to withdraw staff. Maria Zakharova,
CME Group is preparing to launch a new uranium-related derivatives product, a move that would expand its commodities offerings. Walter Bloomberg reported on May 7 that CME Group plans to introduce a physically backed uranium contract within the next
Lebanon and Israel are scheduled to hold talks in Washington next Thursday and Friday under US mediation, according to a US State Department official on May 7. The meeting comes as attention turns to whether the talks can help ease Middle East tensio
Peter Schiff, one of Bitcoin’s best-known skeptics, blasted Strategy’s preferred stock product STRC and questioned the sustainability of the company’s Bitcoin investment model. BeInCrypto reported on May 6 that Euro Pacific Capital Chief Executive Of
Bankrupt cryptocurrency exchange Bittrex has asked a court to void its 2023 settlement with the U.S. Securities and Exchange Commission, bringing renewed attention to shifts in the regulator’s approach to digital assets. Decrypt reported on May 6 tha
President Donald Trump said the deadline on Iran is one week, signaling increased pressure on negotiations. Trump told Fox News on May 6 that the timeline was "one week" when asked about Iran. The comment came as the US and Iran continue talks over T
Eric Trump said traditional financial institutions are increasingly embracing cryptocurrencies, underscoring what he described as a shift in institutional participation. Trump, the second son of U.S. President Donald Trump, told Consensus 2026 on May
President Donald Trump said the US will secure Iran’s enriched uranium, underscoring continued pressure on Tehran as Washington negotiates over Iran’s nuclear program. Walter Bloomberg reported on May 6 that Trump said, “The US will secure Iran’s enr
Billionaire investor Kevin O’Leary said regulatory uncertainty in the US is limiting the expansion of the tokenization market, underscoring legal clarity as a prerequisite for institutional capital to enter the space. CoinDesk reported on May 6 that
Conflicts of interest involving public officials have emerged as a key sticking point in the U.S. Senate's debate over cryptocurrency regulation, adding to uncertainty over whether the legislation can pass. Sen. Kirsten Gillibrand said there will be
The Jito Foundation is expanding Solana staking infrastructure in Asia, underscoring a broader push into services for institutional clients. The Block reported on May 6 that the Solana-based liquid staking project had entered into a strategic partner