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

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…

Law Firm Files Restraining Notice for Kelp Exploit ETH

A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are owed over $877 million in compensation and damages by North Korea.  Charlie Gerstein, a lawyer for US law firm Gerstein Harrow LLP, said in a post on the Arbitrum DAO…

South Korea Crypto Industry Pushes Back on AML Rule

South Korea’s crypto industry has reportedly warned that proposed Anti-Money Laundering (AML) rule changes could create operational confusion by forcing virtual asset service providers (VASPs) to report all overseas-linked virtual asset transfers worth 10 million Korean won (about $6,800) or more as suspicious transactions. According to a Yonhap News report on Sunday, the Digital Asset…

Stablecoin Label Outdated as Crypto Evolves Into Global Financial Rails

Stablecoins, the name given to cryptocurrencies pegged to the price of a stable asset such as the US dollar or gold, have outgrown their label as they become part of the global financial system, said Robert Hackett, head of special projects at a16z crypto.  Hackett said in a report on Friday that the term “stablecoins”…

Bitcoin Rallies to $80K, Highest Price Since January

Bitcoin breached $80,000 on Monday, rising 2.7% over a three-hour span as Asian equities began trading, marking its highest price since Jan. 31, 2026. The Bitcoin rally began at 1:25 am UTC, rising from $78,415 to break the $80,000 level about 75 minutes later, before climbing to $80,515 by 4:20 am UTC, according to TradingView…

The bitcoin ETF recovery in flows is real. It is just not complete yet

The 11 U.S.-listed spot bitcoin BTC$79,854.07 exchange-traded funds (ETFs) have now recorded two consecutive months of net inflows in a sign of renewed institutional appetite for the leading cryptocurrency. But zoom out, and the recovery looks more modest than the monthly headlines suggest. ETFs have pulled in a total of $3.29 billion in investor funds…

CFTC Gets Mixed Responses to Prediction Market Rulemaking

The US Commodity Futures Trading Commission received more than 1,500 responses to a proposed rule tied to prediction markets, with some backing the regulator while others called for a tougher crackdown on the platforms. The CFTC’s request for public comments on a rule it proposed in March that would allow it to amend or issue…

Strategy’s Saylor Signal Bitcoin Buying Breather

Strategy, the world’s biggest public Bitcoin holder, is taking a break from crypto purchases as the company readies its first quarter earnings report, slated for Tuesday. On Sunday, Executive Chairman Michael Saylor announced “No buys this week” in a post on X, where he has regularly provided a signal of planned purchases. In its most…

OFAC Said Seized Wallets Were Iranian; Analysis Finds Other State Actors More Likely

Multiple wallet addresses recently sanctioned by the US Treasury ‌Department for their ties to Iran may not be linked to the Islamic Republic, but to other state actors instead, analysis published Sunday suggests. That analysis, by blockchain intelligence firm Nominis, said that while the recent seizing of wallets holding more than $340 million by Treasury’s…

Policy Summit and other things at Consensus 2026: State of Crypto

Consensus 2026 in Miami starts Tuesday. We’ve got a host of policy sessions — some of which this newsletter previewed a few weeks back. Here’s the full list of sessions you should attend. On the fence about going but you’ll be in Miami? Not too late to register. Can’t make it in person? Hit me…