Author: John Smith
A Fairshake poll finds 45% of Americans call crypto too risky as industry PACs deploy over $100 million into midterms. Summary A Public First poll conducted for Politico found 45% of Americans say investing in cryptocurrency is not worth the risk. The same poll found 44% say AI is developing too fast, and two-thirds want Congress to impose strict oversight on artificial intelligence. Pro-crypto PAC Fairshake and pro-AI PAC Leading the Future have together deployed over $100 million in 2026 midterm races. A Politico poll conducted by Public First in April 2026 found that 45% of Americans say investing in…
Wall Street executives warned at Consensus 2026 that legacy markets built for slower trading are breaking under 24/7 crypto pressure. Summary Top executives at Consensus 2026 in Miami warned that traditional financial infrastructure was designed for human-paced, scheduled trading. Round-the-clock, machine-driven crypto activity is creating growing friction with settlement systems built for fixed market hours. The pressure is accelerating institutional demand for tokenized settlement, real-time clearing, and upgraded market infrastructure. Wall Street executives gathering at Consensus 2026 in Miami on May 5 warned that traditional financial infrastructure was not built to absorb round-the-clock, machine-driven trading. As crypto markets operate continuously…
Anthropic venture with Blackstone and Goldman Sachs will deliver enterprise AI tools to private equity-backed companies. Summary Anthropic is finalising a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman and Friedman to serve private-equity-backed companies. The platform will deliver AI tools across finance, operations, customer service, and enterprise software to PE portfolio companies. The announcement arrived on the same day OpenAI launched a rival enterprise AI joint venture valued at $10 billion. Anthropic is close to finalising a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman and Friedman, targeting private-equity-backed companies as its primary deployment market.…
K Wave Media reversed its $485 million Bitcoin treasury plan today, redirecting funds to AI data centres and GPUs Summary K Wave Media scrapped its $500 million Bitcoin treasury strategy and redirected approximately $485 million to AI data centres and GPU infrastructure. Shares fell 24% on the announcement, which also came with a company rebrand to Talivar Technologies, pending shareholder approval. CEO Ted Kim called the reversal “a defining inflection point,” making K Wave one of the most abrupt corporate Bitcoin strategy pivots on record. K Wave Media scrapped its Bitcoin treasury strategy on May 5 and redirected the capital…
Pi Network co-founders took the Consensus 2026 stage in Miami, six days before Protocol 23 activates on May 11 Summary Dr. Chengdiao Fan spoke at Consensus 2026 on May 6 on aligning Web3, AI, and blockchain for utility at the Convergence Stage. Nicolas Kokkalis joined a May 7 panel on proving human identity online without exposing personal data. Both sessions are timed to build momentum ahead of Pi Network’s Protocol 23 launch, which activates on May 11. Pi Network co-founders Dr. Chengdiao Fan and Nicolas Kokkalis both appeared at Consensus 2026 in Miami this week, speaking to over 20,000 attendees…
U.S. stocks opened higher on Tuesday, with major indexes gaining and AI‑linked storage names outperforming, even as PayPal sank about 10% after disappointing profit guidance. Summary Galaxy Digital and State Street Investment Management have launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized cash management product aimed at delivering 24/7 on-chain liquidity. The fund lets institutional investors subscribe and redeem using stablecoins while earning yield on underlying traditional securities, initially on Solana with plans to expand to Ethereum and Stellar. Galaxy provides tokenization infrastructure, Anchorage Digital handles digital asset custody, and State Street manages the off-chain portfolio,…
Michael Saylor says his Bitcoin vehicle Strategy has realized 63,410 BTC of “Bitcoin Gain” in 2026, lifting its stash to over 815,000 BTC, or about 3.9% of total supply. Summary Michael Saylor says his Bitcoin-focused vehicle Strategy has generated 63,410 BTC in “Bitcoin Gain” so far in 2026, worth about $5.1 billion at current prices. He adds that Strategy’s BTC stash now represents roughly 3.9% of Bitcoin’s fixed 21 million‑coin supply. Saylor has repeatedly argued that “Bitcoin Gain” is the metric “closest to Net Income under the Bitcoin Standard,” reframing profitability in BTC terms rather than dollars. In a new…
The United Arab Emirates Innovation City has rolled out a blockchain-based system that assigns every registered company a sovereign, verifiable digital identity on-chain. Summary Innovation City now issues on-chain business identities to all registered companies using OPN Chain infrastructure. Officials said the system replaces static licenses with verifiable digital records that track ownership, compliance, and activity. The rollout ties into the UAE’s plans to move 50% of government services to AI-driven systems within two years. According to an official announcement from Innovation City, businesses incorporated in the Ras Al Khaimah free zone now receive a cryptographically secured identity issued through…
Ripple has begun sharing its internal threat intelligence on North Korean hacking operations with the crypto industry, expanding how firms respond to insider-driven attacks. Summary Ripple has begun sharing internal data on North Korean threat actors with Crypto ISAC to help firms detect insider-driven attacks earlier. Security teams have identified a shift from smart contract exploits to long-term infiltration, where attackers gain trust and access before moving funds. According to Crypto ISAC, the move follows incidents where attackers bypassed code vulnerabilities and instead infiltrated teams over months, a pattern highlighted in the Drift case. Details released by Ripple and Crypto…
Uphold has pushed back against the New York Attorney General’s statement on its $5 million CredEarn settlement. Summary Uphold says the NYAG statement misrepresented key facts about its $5M CredEarn settlement. The NYAG said more than 6,000 Uphold customers lost over $34M after Cred collapsed. Uphold said it froze Cred’s platform access within hours after learning about liquidity issues. The company shared the update with crypto.news after the regulator said Uphold misled investors by promoting Cred LLC’s crypto yield product. In its response, Uphold said the Attorney General’s statement misrepresented key facts about the settlement. The company also rejected any…