TeraWulf generated $21 million from AI hosting in Q1, surpassing $13 million from bitcoin mining, with total revenue of $34 million. Net loss widened to $427.6 million but shares have doubled year-to-date. Long-term AI contracts exceed $12.8 billion.
A White House digital assets official said the legal and custody structure for the U.S. Strategic Bitcoin Reserve is now in place, clearing a major obstacle to securing seized Bitcoin held by the government.
Kraken has reportedly paused its IPO plans as crypto market weakness pressures valuations and investor appetite. The exchange had confidentially filed with the SEC after raising $800 million at a $20 billion valuation.
Xenea's public testnet Ubusuna is now open to users and builders, offering a three-step onboarding process. The team fixes a rate-limit bug in real time. Mainnet launch is slated for Q2-Q3 2026.
Binance said it will convert about $1 billion in SAFU stablecoin holdings into Bitcoin over 30 days. The first round is complete, with roughly $100 million used to buy 1,315 BTC.
Bitcoin Layer 2 project Citrea will launch CTR on Binance Alpha and Gate.io on May 26. The token has a fixed 10 billion supply, with only 12% counted as circulating at launch.
Hong Kong stablecoin HKDAP completed Ethereum mainnet transfers successfully, issued by a Standard Chartered-HKT-Animoca Brands joint venture. Regulated by HKMA, phased issuance starts Q2 2026, targeting cross-border payments.
The Cardano Foundation's funding request for the 2026 Summit failed to secure the required supermajority, leading to the event's cancellation. It marked the largest test of the Voltaire governance system, while a smaller EMURGO proposal for TOKEN2049 passed.
