Category: News

Tether Gold (XAUT) Surpasses $3.3B Amid Rising Bullion Demand

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Tether’s tokenized gold product, Tether Gold (XAUt), saw reserves expand sharply in the first quarter as investor demand for bullion increased amid macroeconomic uncertainty ahead of the Iran war. In its latest report, Tether said XAUt surpassed $3.3 billion in market capitalization during the first quarter, representing a 36% increase over the period. The company disclosed that 707,741 XAUT tokens were in circulation at the end of the quarter, with each token backed by one troy ounce of physical gold held in reserve. Tether attributed the growth to a broader…

Bitcoin Breaks $80K Barrier: Will Altcoins Follow?

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Key points: Bitcoin’s rally through $79,500 opens the door to a move toward $84,000. Ether, Dogecoin and Hyperliquid are showing strength, but the other major altcoins are yet to pick up momentum. Bitcoin (BTC) opened the new week with a rally above $80,500, suggesting the bulls are attempting to take charge. Analysts are closely watching the $80,000 level, as some believe a failure to close above it could trigger a move toward $60,000.  However, crypto analyst Matthew Hyland said in a post on X that traders calling BTC’s fall to…

Ethereum Reclaims Key Level, But Can ETH Price Break $2.8K?

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Ether’s (ETH) surge to $2,390 on Monday pushed its value above its realized price, implying that the average holder of ETH is now back in profit. But is this enough for the ETH bulls to reach $3,000? Key takeaways: Ether holders are back in profit, increasing chances for more upside. Ether’s bull flag chart pattern is targeting $3,000. A big potential sell wall exists around $2,800, with 7.1 million ETH on the line. Ether price rises above its cost basis Data from TradingView shows that Ether’s price rose 21% to…

Bitcoin Price Flips Volatile on Iran Events as $80,000 Battle Heats Up

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Bitcoin (BTC) saw volatility at Monday’s Wall Street open as fresh US-Iran war events sparked instability. Key points: Bitcoin wobbles around the $80,000 mark as Iran tensions steer risk-asset markets. The overhead CME futures gap becomes the new target for traders wanting proof of BTC price strength. Short-term holders approach breakeven on their unrealized losses. Iran injects fresh BTC price volatility with $80,000 at stake Data from TradingView showed whipsaw BTC price action as $80,000 became a central focus for both bulls and bears. BTC/USD one-hour chart. Source: Cointelegraph/TradingView News…

Bitcoin Price May Hit $96K as Institutions Absorb 500% of Daily New BTC Supply

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Bitcoin (BTC) may rally toward $96,000 by June as institutions absorb more than five times the daily mined BTC supply, according to Capriole Investments founder Charles Edwards. BTC price averages 24% gains after institutional supply squeeze In a Monday post, Edwards said institutions have been “slurping up 500%+ of Bitcoin’s daily mined supply.” BTC/USD daily chart vs. institutional buying market cap. Source: Capriole Investments Since the April 2024 halving, Bitcoin miners have produced roughly 450 BTC per day, keeping supply growth relatively stable, with its rate of change (ROC, the…

Bernstein Sees Prediction Markets Go Institutional After First Block Trade

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Prediction markets are evolving from retail speculation platforms into institutional-grade financial instruments, driven by demand for precise macro hedging and clearly defined binary outcomes, according to a May 4 report by Bernstein. The report highlights why institutional investors may find these markets attractive — namely, they allow users to hedge specific event risks, such as tariffs, elections and geopolitical developments, using contracts that resolve to simple yes-or-no outcomes. Bernstein pointed to the first bespoke institutional block trade executed on Kalshi last week as a key milestone. A block trade refers…

Hut 8 Secures $200M Bitcoin-Backed Credit Facility from FalconX

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Nasdaq-listed Bitcoin mining and energy infrastructure company Hut 8 secured a $200 million Bitcoin-backed credit facility from institutional crypto prime brokerage FalconX, replacing its prior credit facility with Coinbase Credit.  The new facility reducwd the company’s fixed interest rate to 7% from 9% under the prior Coinbase credit structure, as part of the company’s focus on lowering the cost of debt on its Bitcoin-backed credit and broader cost of capital, said Hut 8 in a Monday announcement. The refinancing unencumbered about 3,300 BTC, worth roughly $260 million, from the collateral…

K Wave Media Shifts $485M from Bitcoin to AI Infrastructure

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K Wave Media, a Nasdaq-listed media and entertainment company, said it is redirecting up to $485 million in remaining financing capacity from a Bitcoin treasury strategy into an artificial intelligence infrastructure buildout, according to a Monday 6-K filing with the US Securities and Exchange Commission (SEC). The capital will be deployed into data centers, graphics processing unit (GPU) compute operations and related AI infrastructure investments under an amended securities purchase agreement with Anson Funds, the structured equity financing counterparty to the company. The amendment revises a prior $500 million equity…

SEC Delays Review of Prediction Market ETFs: Reuters

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The US Securities and Exchange Commission has delayed the expected launch of the first exchange-traded funds (ETFs) linked to prediction markets after requesting more information about their structure and disclosures, Reuters reported Monday. The delay affects more than two dozen proposed ETFs from Roundhill Investments, GraniteShares and Bitwise, according to Reuters, citing people familiar with the matter. The issuers filed for the products in February, and launches had been expected this week after a 75-day review period. The proposed funds would give investors exposure to event contracts tied to binary…

ZIGChain Summit 2026 marks a defining moment for onchain finance as ecosystem unites around execution, partnerships

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Dubai, UAE, May 5, 2026 – ZIGChain, the blockchain built to bring regulated investment products onchain for everyday users, today reflected on its second annual ZIGChain Summit, a defining gathering for the future of onchain finance, held on 28 April at the The Meydan Hotel, Dubai. Organised in partnership with Disrupt and streamed live on Cointelegraph, the summit brought together institutions, builders, regulators, and capital allocators from across the GCC and global markets under one shared conviction: that the shift from exploration to execution in onchain finance has already begun.…