Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.
Finance
It might be too late for bitcoin’s quantum migration, Project Eleven report argues
Quantum computing does not only pose a risk to up to $3 trillion in digital assets, it also threatens the security of banking systems, military communications, digital identities and more, Project Eleven’s report warns.
Emerging-market users are treating crypto exchanges like banking apps, Binance says
One point three billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion savers in low-income nations earn no deposit interest, Binance said.
Swiss central bank bitcoin reserve push fails over signature shortfall
The initiative sought to amend Switzerland’s constitution, requiring the Swiss National Bank (SNB) to hold BTC alongside gold and foreign-currency reserves.
Crypto wallets are being rebuilt for AI agents, Trust Wallet and Mesh executives say at Consensus Miami
Trust Wallet CEO Felix Fan and Mesh CTO Arjun Mukherjee said AI agents are creating a new role for crypto wallets.
BlackRock deepens tokenization push with new onchain fund offerings
The world’s largest asset manager filed paperwork to expand its tokenized fund lineup as real-world assets grow 200% year over year.
$1.6 billion Ether Machine SPAC deal collapses over unfavorable market
The Ether Machine, an ether treasury firm, currently has more than $1 billion in ether in its treasury.
Iran war oil-price shock revives inflation trade and a new stablecoin play
As oil shocks revive investor anxiety, stablecoins solved payments, but not purchasing power, says Michael Ashton, who’s USDi token aims to fix that.
Star Xu calls CZ a ‘liar’ as founders of world’s largest crypto exchanges argue over past allegations
The dispute between the crypto exchange founders, which included a $1 billion wager from CZ, revives allegations dating back 11 years to Zhao’s time at OKCoin.
Binance offers UAE staff temporary relocation as Middle East conflict disrupts region
The crypto exchange said its operations in the United Arab Emirates remain unchanged and that many employees have chosen to remain