Riot Platforms Secures $100M Bitcoin-Backed Credit Line From Coinbase
The funds will be used for strategic initiatives and general corporate purposes, and cash drawn from the line will carry at least a 7.75% interest rate.
Markets
Tesla Reports $951M in Crypto Holdings as it Misses Earnings
Tesla does not seem to have sold any digital assets in the last quarter.
Can Bitcoin Benefit From Trump Firing Powell? Turkey’s Lira Crisis May Provide Clues
Turkey’s President Erdogan’s experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins.
Trump’s Official Memecoin Surges Despite Massive $320 Million Unlock in Thin Holiday Trading
Despite the price increase, the token is still down over 88% from its peak and investors have lost a total of $2 billion.
Crypto Stock Tracking ETF Coming Soon From VanEck
The VanEck Onchain Economy ETF (NODE) is expected to start trading on May 14th with a management fee of 0.69%.
Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear
“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” said Powell of the effect of the Trump tariffs.
Janover Takes Page From Saylor Playbook, Doubling SOL Stack to $20M as Stock Soars 1700%
Former Kraken executives led by Joseph Onorati took over the real estate-focused fintech company aiming to become the first U.S.-listed firm with treasury strategy centered on Solana.
U.S. Consumer Sentiment Craters in First Post-Tariff Read, but Crypto Is Holding Up
Gold soared to a new record high as the selloff in the U.S. dollar and long-term Treasuries continued in force on Friday.
BlackRock Bitcoin and Ether ETF Inflows Declined 83% in Q1 to $3B
Total digital asset AUM rose to more than $50 billion, a large number but a relatively minor proportion of BlackRock’s more than $10 trillion under management.
Dogecoin Surges 21% Amid Crypto Comeback, Holds Key Support at $0.142
DOGE shows remarkable resilience amid global economic tensions, with technical indicators pointing to continued upward momentum.