Hyperliquid, EdgeX, Pump.fun Return $96M to Token Holders in 30 Days

Three of DeFi’s relatively young applications, including Hyperliquid, EdgeX and Pump.fun, have distributed a combined $96.3 million to token holders over the past 30 days, as the sector’s focus shifts to actual earnings. Hyperliquid led the pack, generating $50.95 million in revenue over the period, all of which went directly to token holders with zero…

Crypto PACs Spend $7.2M to Support Candidates in 5 US States with Midterms Looming

Political action committees (PACs) affiliated with the cryptocurrency company-backed Fairshake reported spending millions of dollars to support candidates in five races, with less than six months until US voters decide on their representatives in Congress. According to filings with the Federal Election Commission this week, the Protect Progress PAC reported about a combined $1.6 million…

Trump Media Posts $406M in Quarterly Losses as Bitcoin Bet Backfires

Trump Media & Technology Group posted a $405.9 million net loss in the first quarter of 2026, up from $31.7 million a year earlier, amid growing unrealized losses on its crypto holdings. The parent company of Truth Social booked $244 million in unrealized losses on its Bitcoin position and a further $108.2 million in investment…

Santiment Flags Risk As Crypto Bullish Talk Spikes While BTC Holds Near $80K

Crypto bullish chatter on social media has surged to levels that, according to crypto sentiment platform Santiment, could signal the current market uptrend may be short-lived. “Rallies that arrive with a confident crowd tend to fade faster than those climbing a “wall of worry,” Santiment said in a report published on Saturday. “Those climbing skepticism…

Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday. Appearing at Consensus Miami 2026, Jacob Fortinsky, co-founder and CEO of sports betting platform Novig, said the legacy sportsbook model is structurally broken because it treats winning bettors as cheaters. “Sports…

On-Chain, In Court: What Happened in Crypto Legal News this Week

Alex Mashinsky will be representing himself as Celsius executive prepares for sentencing On Wednesday, lawyers representing Alex Mashinsky moved to withdraw as attorneys in the case, saying that the former Celsius CEO would be “proceeding pro se” — representing himself in court. Mashinsky was sentenced to 12 years in prison for his role in fraud…

Major Bitcoin Mining Pools Join Stratum V2 Collaborative Organization

Seven major Bitcoin mining pools have joined the Stratum V2 working group to develop an industry-wide open standard protocol used by mining pool operators to communicate with individual miners in their pools. AntPool, Block Inc, F2Pool, Foundry, MARA Foundation, SpiderPool, and DMND all joined the working group to collaborate on the mining pool communication standard,…

CLARITY Can Bring Crypto Industry Back to US: Attorney

Passing the Digital Asset Market Clarity Act of 2025, also known as CLARITY, will help to reshore the crypto industry in the United States, according to Bill Hughes, the senior counsel and director of global regulatory matters at Consensys, a crypto infrastructure company.  “The US dollar is the world’s largest fiat on-ramp for cryptocurrency, accounting…

Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns

Trump Media & Technology Group (DJT) reported a $405.9 million first-quarter net loss on $871,200 in revenue, widening from $31.7 million a year earlier as unrealized losses on its crypto holdings weighed on results. The parent company of Truth Social booked $244 million in unrealized losses on its cryptocurrency holdings. It also recorded a $108.2…

Strategy CEO Outlines Criteria for Bitcoin Sales

Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions during an interview on Friday, under which the company would sell some of its Bitcoin holdings.  The company will sell Bitcoin to pay the dividend on its Series A Perpetual Stretch Preferred Stock (STRC), a corporate credit instrument that pays an 11.5% dividend to…