A16z Backs CFTC in Fight Against State Prediction Market Bans

A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket. The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction markets….

Bitcoin Rally Accelerates, But BTC Options Doubt $84K Is Possible

Key takeaways: Bitcoin options markets price in low odds of BTC reaching $84,000 in May, while the monthly futures basis rate reflects weakness. Significant Bitcoin accumulation by listed companies and rising spot Bitcoin ETF inflows absorb mining supply, reducing the impact of potential selling. Bitcoin (BTC) reclaimed the $78,000 level amid broader risk-on sentiment, as…

Riot Posts $167M in Q1 Revenue as Data Center Arm Pulls in $33M

Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million. The data center revenue helped offset a decline in Riot’s core Bitcoin mining business, which fell to $111.9 million from $142.9 million in Q1 2025, driven by lower average Bitcoin prices and…

Ethereum Foundation Offloads $23M in ETH to BitMine for Third Time in Two Months

The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million. “This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote…

Crypto Lobby Backs Removal of ‘Reputation Risk’ Debanking

US crypto lobby group Blockchain Association has thrown its support behind the US Federal Reserve’s proposal to codify the removal of “reputation risk” from its supervision of banks, which has been used in the past to debank crypto companies. In a letter sent Monday in response to the Fed’s request for comment, Ashok Pinto, the…

Bitcoin above $78K, ETH, SOL, DOGE higher as Senate clears Clarity Act yield hurdle

The S&P 500 just closed at another record high while bitcoin made another run to the $80,000 level earlier Saturday. The largest crypto traded at $78,180 in Asian hours Saturday, up 0.8% on the week and recovering from a Wednesday low near $75,500 that came on the back of fresh Iran military escalation reports. The…

Bitcoin Doesn’t Need A Fresh Narrative To Reclaim $100K: Analyst

Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months, according to MN Trading Capital founder Michael van de Poppe. ‘“There doesn’t need to be a narrative that pushes the price upwards,” van de Poppe said in an…

CLARITY Act Stablecoin Yield Rules Finalized: ‘Go Time’ For Crypto Bill

The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad. “It’s time to get CLARITY done,” Shirzad said in an X post on Friday, after US Senator…

Bitcoin Demand, Spot And Institutional Flows Increase As Bulls Chase $80K

Several Bitcoin (BTC) data points suggest that $80,000 is the next destination for the cryptocurrency. Bitcoin gained 2.52% to trade above $78,800 on Friday after holding support at the 100-day exponential moving average. Spot market buy volumes also strengthened while the cumulative volume delta (CVD) reached 11,500 BTC, its highest level since Feb. 17.  BTC…

Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield

Stablecoin yield would be prohibited under a newly released agreement addressing that contentious part of the crypto market structure legislation in an approach that’s broadly similar to what’s been discussed since the start of the year. The new section of proposed Digital Asset Market Clarity Act text released Friday revealed that the compromise hashed out…