Day: May 1, 2026

Bitcoin community launches Bitcoin Beyond 66 AI tool to counter energy concerns

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A Nordic Bitcoin education group has released an open-source AI database designed to generate evidence-backed responses to common criticisms about Bitcoin’s environmental impact and energy use. Summary Bitcoin Beyond 66 has launched an AI database that generates evidence-based responses to claims about Bitcoin’s environmental impact and energy use. The tool draws on more than 22 peer-reviewed studies and cites Cambridge research showing over 52% of Bitcoin mining uses renewable energy. Users can input criticism and receive structured replies, with response tones ranging from direct to balanced or soft depending on…

US Debt Nears $39T GDP Mark for First Time Since 1946, Validating Bitcoin

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Key Takeaways: U.S. national debt topped 100% of GDP for the first time since 1946, eclipsing the nation’s entire annual economy. Bitcoin’s fixed 21 million supply makes it a direct hedge against debt-driven dollar debasement. Institutional BTC demand has held firm, with spot ETFs recording $14.75M in net inflows on April 30, 2026. US National Debt Tops GDP for First Time Since WWII At nearly $39 trillion, the debt load now eclipses America’s full-year economic output, and there is no credible political path to reversing the trend in the near…

David Schwartz Challenges $10,000 XRP Theory With A Question

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Former Ripple CTO David Schwartz pushed back against renewed claims that XRP could reach $10,000, arguing that the market itself already provides a reality check on such extreme price targets. In an exchange on X, Schwartz framed the issue less as a debate over belief and more as a question of rational capital allocation: if sophisticated investors truly saw even a small chance of that outcome, why has XRP not already been priced far higher? Schwartz Pushes Back on XRP Moonshot Claims The discussion began after an X user asked…

Bakkt Finishes Acquisition of Stablecoin Infrastructure Firm

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Digital asset company Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through an equity-based transaction as part of its bid to create a digital settlement layer. Bakkt CEO Akshay Naheta said on Thursday that the deal aims to combine Bakkt’s institutional infrastructure with DTR’s native artificial intelligence payments engine and stablecoin technology to create a 24/7 digital settlement layer. “The architecture of money movement rarely evolves at this level,” he said. “This transaction accelerates the re-platforming of global financial infrastructure. By fully integrating DTR’s technology, we…

Stablecoins surpass Bitcoin in purchases across Latin America

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Latin American users have increased their reliance on stablecoins, with dollar-pegged tokens now accounting for a larger share of crypto purchases than Bitcoin. Summary Stablecoins accounted for 40% of crypto purchases on Bitso in 2025, overtaking Bitcoin at 18% for the first time. Bitso said nearly 10 million users are increasingly using dollar-pegged tokens to store value and send payments in inflation-hit economies. Bitcoin remained in 52% of portfolios in 2025, with Bitso describing it as the region’s primary long term store of value. According to Bitso’s 2025 crypto adoption…

Tether Reports $1.04B Profit, $141B in US Treasuries

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Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday. The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in direct and indirect exposure, while total assets of about $191.8 billion exceeded liabilities of approximately $183.5 billion as of March 31. Tether said this level of exposure makes it the 17th largest holder of US Treasuries globally. Beyond Treasuries, reserves included…

MoonPay Rolls Out Agent-Ready Stablecoin Card on Mastercard Network

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MoonPay is launching a virtual debit card that allows users and AI agents to spend stablecoins directly from self-custodied onchain wallets at merchants that accept Mastercard, using real-time crypto-to-fiat conversion at checkout. The card, developed with Monavate and Exodus Movement, Inc., connects onchain wallets to traditional card rails, enabling transactions without preloading funds or transferring assets offchain, with smart contracts authorizing spending at the point of purchase. Available through MoonPay’s CLI and agent workflows to users in the UK and Latin America, the card is designed for programmatic use, allowing…

Bitcoin Risks Decline After Futures-Driven April Rally: CryptoQuant

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Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined, according to the crypto analytics firm CryptoQuant. Bitcoin gained around 20% in April, rising from $66,000 to a peak of $79,000 in a rally “driven entirely by growth in perpetual futures demand,” CryptoQuant said in a report on Thursday.  Meanwhile, spot demand for Bitcoin contracted throughout the rally, “indicating that the market’s marginal buyer was speculative, not fundamental,” it said. “The divergence between rising price and…

Bitcoiners Launch AI-Powered Bitcoin FUD-Fighting Database

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A group of Bitcoiners has launched a new open-source AI tool that generates evidence-based responses to misconceptions about Bitcoin’s environmental impact, energy use and its role in the financial system.  Nordic-based Bitcoin education platform Bitcoin Beyond 66 said it built “The Bitcoin Evidence Base” at a time when there is a “growing body of peer-reviewed research” showing the environmental benefits of Bitcoin mining, but “outdated data, methodologically weak studies, or plain lack of knowledge” continue to negatively shape public perception. The database seeks to offer users quick access to relevant,…