Day: May 7, 2026

Adam Back says bitcoin is winning the DeFi war

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Blockstream CEO Adam Back told Consensus Miami 2026 that bitcoin is winning a security war against DeFi, and that pension funds and sovereign entities are the next buyers. Summary Adam Back argued at Consensus Miami that Bitcoin’s simpler architecture is pulling institutional capital away from DeFi platforms hit by repeated smart contract exploits. He outlined Bitcoin adoption in three waves: retail ownership, spot ETF access, and now institutional allocation through managed portfolios and sovereign entities. Back estimated roughly 200 bitcoin treasury companies exist globally and said BlackRock model portfolio allocations…

Bitcoin Slips Below $80K As Spot ETF Inflows Top $1B

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Bitcoin (BTC) price dropped to $79,800 on Thursday after being rejected at a key dynamic resistance level. The pullback occurred despite the weekly spot Bitcoin exchange-traded fund (ETF) inflows surging past $1 billion for the first time since January, but technical data suggests the correction may be short-lived.  Bearish divergences point to where BTC price may go Bitcoin’s dip below $80,000 came amid a bearish divergence in the relative strength index (RSI) on the one-hour and four-hour charts. A bearish divergence occurs when BTC forms higher highs while the RSI…

GIGANTIC XRP NEWS!!! THIS MEANS EVERYTHING FOR XRP?!?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🚨 XRP and Flare holders — you need to hear this. Flare Networks has TEMPORARILY paused FXRP cross-network bridging between Flare, Ethereum, Base, and other supported chains. Let me be crystal clear: this is a PRECAUTIONARY move, NOT a Flare exploit. FXRP on Flare itself remains FULLY operational — minting, redemption, and DeFi are all good (Flare Networks). Here’s what actually happened: the broader DeFi ecosystem got hit by the largest hack of 2026 so far — the Kelp DAO rsETH exploit,…

Bitcoin lenders push crypto lending into TradFi

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Bitcoin lenders at Consensus Miami 2026 said crypto lending must look and feel more like traditional banking if it wants institutional capital to keep flowing in. Summary Two Prime CEO Alexander Blume said institutional borrowers reject DeFi complexity and demand standardized contracts, transparent custody, and clear legal accountability. Ledn CEO Adam Reeds said the most important question for borrowers is where their bitcoin is stored, while Lygos CEO Jay Patel said borrowers must now underwrite the lender. The panel reflected a broader post-2022 shift following the collapse of Celsius, Voyager,…

Altcoins Aren’t Going Anywhere — Even After Brutal Crashes

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Privacy concerns tied to artificial intelligence may be one of the strongest cases yet for owning certain altcoins or cryptocurrencies. That was one argument Arthur Hayes made at Consensus 2026, where the BitMEX co-founder laid out a broad defense of the altcoin market and named the specific tokens he’s betting on. Related Reading Hayes Sees AI Surveillance Driving Demand For Privacy Coins Hayes said governments, major tech companies, and AI systems are becoming increasingly effective at tracking blockchain activity. As those tools grow more powerful, he argued, more people will…

Why Big Finance’s Crypto Shift is Just the Beginning – Bitcoin News

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Key Takeaways At Consensus 2026, Eric Trump praised an 18-month crypto boom, predicting massive future market growth. Showing impact, JPMorgan now lets clients secure home mortgages using their bitcoin as collateral. Trump’s crypto allegiance comes after he discovered crypto while the Trump business was being debanked. Eric Trump Predicts Explosive Growth of the Crypto Market While the cryptocurrency industry has reached a sort of established status in the current financial system, some believe this is just the start. Eric Trump, son of President Donald Trump, co-founder and CSO of American…

The Uncomfortable Truth About Crypto No One Wants To Admit

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum sucks, BTC, SpaceX top market, Iran crisis, and more! 🤫 BITUNIX TRADE THE TOP COINS (available everywhere) 👉 Join the Inner Circle for exclusive content and updates 🚀 👉 👉 GET OUR FREE INNOVATION REPORT WITH THE TOP 10 STOCKS TO WATCH FOR 2026 👉 FREE NEWSLETTER! Join 193,000 Weekly Readers Getting Actionable Insights 👉 Follow on Instagram for market highlights, mindset, and financial insights 📈 👉 Want to get your project in front of one of the biggest audiences in…

American Bitcoin loses $82m as bitcoin price falls

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American Bitcoin posted an $81.8 million net loss in Q1 2026, even as the Trump-backed miner set a new quarterly production record of 817 BTC and cut its mining cost by 23%. Summary American Bitcoin reported an $81.8 million net loss in Q1, up from a $59.5 million loss in Q4 2025. Bitcoin fell 22% during the quarter, triggering a $117.2 million non-cash impairment charge on the company’s holdings. The company mined a record 817 BTC and reduced its cost per coin to $36,200, a 23% improvement from $46,900 in…

Michael Saylor says Strategy is turning Bitcoin into “digital credit” and “digital equity”

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Michael Saylor says Strategy is “converting digital capital Bitcoin into digital credit (STRC) and digital equity (MSTR),” pitching a three‑layer capital stack with BTC as reserve asset, STRC as yield‑focused credit, and MSTR as the levered equity layer. Summary Michael Saylor says Strategy is converting its Bitcoin “digital capital” into digital credit via STRC and digital equity via MSTR. STRC, a Bitcoin-backed perpetual preferred stock, has grown into an $8.5 billion “digital credit” product in under a year. The framework cements Strategy’s model: Bitcoin as reserve asset, STRC as yield-focused…

Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs

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Key Takeaways Bitcoin fell below $80,000 on May 7, erasing weekly gains after hitting a high of $82,833. Volatility triggered $270 million in liquidations and pulled the crypto market cap to $2.74 trillion. Concerns mount that President Trump may pivot to a hot war as Tehran rejects the latest U.S. proposal. The Iran Peace Deal Factor On May 7, bitcoin reversed course, dipping below $80,000 to effectively erase gains made since Monday. As shown by the daily chart, the top cryptocurrency—which reached a multi-month high of $82,833 some 24 hours…