News linked to both this project and an event.
According to Odaily, crypto market analyst and founder of Into The Cryptoverse, Ben Cowen, stated that the crypto market is experiencing an "extinction event" for millions of altcoins, a process necessary for Bitcoin to enter a sustainable bull market cycle. He believes that the "shitcoin purge" has actually been underway since 2021, but a larger-scale clearance is still needed to restore a healthy market structure. Capital is continuously flowing from high-risk tokens to Bitcoin, with the rising BTC dominance rate serving as a clear signal.Data shows that GeckoTerminal tracks over 25 million deployed tokens, with more than 11.6 million projects failing in 2025 alone, primarily due to the burst of the Meme coin bubble. CoinShares researcher Luke Nolan stated that the claim "95% of tokens are worthless" is reasonable.Although Bitcoin has returned above $81,000, Ben Cowen remains cautious, believing that BTC is still in a bear market phase. He warns that if it fails to hold the key resistance level around $88,880, the price could correct to the $58,000-$62,000 range. Against the backdrop of delayed Fed rate cuts and ongoing geopolitical risks, the crypto market continues to face short-term pressure. "2026 is more likely to be a reset year rather than a year for reaching new highs." (CoinDesk)
Odaily News: Garrett Jin, representative of the "BTC OG Insider Whale," published an analytical article titled "A Painted Ceasefire," warning crypto traders not to be lulled by the surface-level market trends. While the market appears stable, underlying risks are continuously building. He pointed out that following Trump’s visit to China, the window for a US-Iran military conflict could reopen at any time. This current ceasefire is merely a delay in confrontation, not the beginning of favorable developments. Market sentiment is currently highly optimistic, with Saudi Arabia and Iran reaching a cooperation memorandum, impressive earnings reports from tech companies, rising South Korean stocks, and Bitcoin approaching the $82,000-$83,000 range. However, macro-level hidden dangers are gradually emerging: a liquidity drought in large corporate transactions, airline bankruptcies, banks provisioning for potential war losses in advance, and Berkshire Hathaway’s cash reserves hitting a new all-time high. Garrett Jin predicts that late May could be a key turning point. If tech giants continue to exceed performance expectations, the risk window may be delayed until the July earnings season. (Garrettsignal)
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
According to The Block, BNY announced the expansion of its crypto custody business into the Abu Dhabi Global Market (ADGM) in the UAE through partnerships with Finstreet and the ADI Foundation, offering institutional clients crypto-asset custody services. Initially, the service will support custody for BTC and ETH. The three parties will subsequently explore extending these services to the ADI Foundation’s underlying blockchain infrastructure and gradually expand to stablecoins, tokenized real-world assets, and other regulated digital instruments.
According to BitcoinTreasuries.NET, AmericanBitcoin Corp—a Bitcoin mining company backed by the Trump family—has acquired an additional 300 BTC, bringing its total holdings to 7,300 BTC, ranking it 16th on the Bitcoin holdings leaderboard.
Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that the attitude of traditional financial institutions towards Bitcoin is undergoing a shift. Citing JPMorgan Chase as an example, he noted that 18 months ago, the institution was still "belittling" Bitcoin, yet now it allows customers to use their Bitcoin holdings as collateral to apply for home loans.Eric Trump also mentioned that traditional financial institutions such as Merrill Lynch and Charles Schwab have begun to embrace Bitcoin. He stated that these institutions have realized they can no longer fight against industry trends and have thus started to pivot towards supporting the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost acquirer of Bitcoin in the industry. (CoinDesk)
According to Bloomberg, American Bitcoin Corp., a bitcoin mining company backed by the Trump family, released its Q1 2026 financial results, reporting a net loss of $82 million—worsening from a $59 million loss in the previous quarter (Q4 2025), marking its second consecutive quarter of losses. Meanwhile, the company’s Q1 revenue stood at approximately $62 million, down roughly 20% year-on-year, primarily due to a decline in average bitcoin mining revenue per coin. Headquartered in Miami, the company was founded just before bitcoin’s price retreated from its all-time high.
Quantum security company Project Eleven released a report stating that the "Q-Day" when quantum computing breaks encryption systems may arrive as early as 2030, and is more likely to occur around 2033.The report indicates that quantum capabilities may erupt in a "non-linear leap" rather than gradual evolution, presenting a scenario of "long periods of no change followed by sudden breakthroughs."In extreme cases, approximately 6.9 million Bitcoins (valued at over $560 billion) could be at risk. Currently, the industry has begun exploring countermeasures including timestamp proofs and mandatory migration.
Odaily News Bitcoin miner Hut 8 has announced the signing of a 15-year, $9.8 billion lease agreement to provide capacity for the first 352-megawatt phase of its AI data center at the Beacon Point site in Texas. Following the news, Hut 8's stock price surged 33% to $107, reaching an all-time high. The IT capacity covered by the agreement will support hyperscale AI training and inference workloads. Hut 8's total contracted AI data center capacity now stands at 597 megawatts, with a total contract value of approximately $16.8 billion. The estimated average annual net operating income is around $1.1 billion. The site is expected to begin power supply in the first quarter of 2027, with the first data hall delivered in the third quarter of the same year.
Core Scientific has announced the acquisition of Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million. Through this acquisition, Core Scientific will obtain Polaris's 440-megawatt contracted power agreement with Oklahoma Gas & Electric, aiming to rapidly expand its AI business. The transaction is expected to close in the third quarter of 2026.Currently, Core Scientific is renovating and expanding its existing mining sites in Texas, Georgia, North Carolina, and Oklahoma to support high-density hosting services for AI and compute-intensive workloads. The company has already begun construction of a new 82.5-megawatt facility in Muskogee, with plans to eventually provide 1 gigawatt of leasable power at the site.
Odaily News: Bitcoin mining company CleanSpark released its April operational data, reporting a mining output of 640 BTC for the month and a total sale of 748 BTC. As of the end of April, CleanSpark's total Bitcoin holdings dropped to 13,453 BTC. CleanSpark stated that its Bitcoin mining operations will continue to serve as a source of funding to support the expansion of future AI data centers and hyperscale computing clients, and will advance its transition path toward an AI infrastructure platform.
According to PRNewswire, crypto-friendly investment app Public has announced the acquisition of AI-powered investment services platform Treasury App. The acquisition amount has not been disclosed. This transaction aims to strengthen Public’s AI-driven brokerage business strategy, with a focus on upgrading its investment experience centered around AI. Public currently supports trading in stocks, bonds, and cryptocurrencies including BTC, ETH, and SOL.
QCP’s market analysis notes that with Trump pausing “Project Freedom,” the geopolitical risk premium has receded, leading to lower oil prices, higher U.S. equities, and a weaker U.S. dollar—BTC has rebounded above $80,000, reflecting improved liquidity, a softer dollar, and rising risk appetite as a high-beta asset. However, the options market has not yet confirmed a full breakout: the one-month at-the-money implied volatility stands at approximately 41%, front-end volatility is weakening, and the 30-day risk reversal remains in a relatively elevated put-protective state at around −5.5 volatility points. QCP also cautions that Japan’s markets are emerging as a new macro stress point; further yen weakness and rising Japanese government bond yields could marginally tighten global liquidity. Currently, BTC needs to sustainably break above the $82,000–$83,000 range.
According to PRNewswire, Nasdaq-listed Bitcoin mining company Hut 8 released its financial results for the first quarter of 2026, reporting $1.68 billion in revenue from leases for its two hyperscale AI campuses. While advancing its AI data center business, its Bitcoin-related operations remain one of its core revenue sources: total Q1 revenue amounted to $71 million, of which approximately $66 million came from ASIC computing power, AI cloud, and traditional cloud services—primarily driven by Bitcoin mining and related computational services. Additionally, Hut 8 completed a refinancing of its Bitcoin-backed loans, unlocking approximately 3,300 BTC (valued at roughly $260 million) to enhance liquidity and support business expansion. As of the end of March, Hut 8 held cash and Bitcoin with a combined value of approximately $1.3 billion. However, due to digital asset price volatility, the company reported a net loss of $253 million for the quarter—including approximately $296 million in unrealized digital asset losses.
: Bitcoin Core developers have disclosed a high-risk vulnerability numbered CVE-2024-52911, affecting versions 0.14.1 through 28.4. Attackers can exploit this vulnerability by constructing a special block to remotely crash other nodes and execute code. The vulnerability was discovered and privately reported by developer Cory Fields in November 2024. The fix was merged in December 2024 and officially launched in the v29 release in April 2025.Currently, support for the last vulnerable version in the 28.x series ended on April 19, 2026. However, since upgrading Bitcoin nodes is voluntary, it is estimated that approximately 43% of nodes are still running vulnerable old versions, posing a potential security risk.
According to chart analysis released by independent analyst Markus Thielen, Bitcoin’s price action in April followed seasonal patterns almost perfectly: its actual gain exceeded the historical average. Yet at that time, the market had not reached a broad consensus on bullish sentiment. While investor mood was cautiously optimistic, positions were not significantly increased; low trading volume and persistently negative funding rates indicated that many traders remained on the sidelines. Entering May, Bitcoin’s rebound above $80,000 caught numerous investors off guard—further confirming the market’s prior under-allocation. Historical data shows May is a relatively stable month for Bitcoin: over the past 10 years, its average return has been approximately 10.3%, with six years posting gains. Seasonal support remains intact—but whether positions will increase accordingly remains a key variable.
Strategy founder Michael Saylor stated the company may in the future sell some Bitcoin to pay dividends, "just to send a message to the market that this model has been realized." He stated that this move aims to verify that Bitcoin assets can support shareholder returns within a corporate financial framework.
: CME Group has announced the launch of cash-settled Bitcoin Volatility Futures, scheduled to go live on June 1st (pending regulatory approval).Based on the 30-day Implied Volatility Index (BVX), this product allows traders to trade or hedge Bitcoin volatility without speculating on the direction of price movements.The new contract is expected to carry the ticker symbol BVI, with a contract multiplier of $500 x the index value, aiming to provide the market with a more refined risk management tool.
According to Forbes, Bitcoin mining company GoMining plans to launch GoBTC—a Bitcoin-native payment protocol built on its own block production—at the Consensus conference. The protocol enables instant user authorization and settlement on the Bitcoin mainnet within hours, charging merchants a fee of just 0.2%, which is an order of magnitude lower than Visa’s and Mastercard’s 1.5%–3.5% fees.
According to Forbes, ARK Invest, led by Cathie Wood, released a report forecasting that Bitcoin’s market capitalization will expand at a compound annual growth rate (CAGR) of approximately 63% over the next five years—rising from its current level of nearly $2 trillion to $16 trillion by 2030. The report states, “Bitcoin is maturing into the leader of a new institutional asset class.” ARK Invest analysts project that Bitcoin will drive the broader cryptocurrency market to reach $28 trillion by 2030 (up from roughly $2.8 trillion today). “Smart contract networks and pure digital currency markets may grow at an approximate annual rate of 61% to reach $28 trillion by 2030, with Bitcoin capturing 70% of the market share and the remainder dominated by smart contract platforms such as Ethereum and Solana.”