Author: boss

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…

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…

Core Scientific dumps bitcoin for AI data centers

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Core Scientific sold $208 million in bitcoin in Q1 2026 to fund its shift to AI data center operations, as colocation revenue surpassed mining for the first time. Summary Core Scientific sold 2,385 BTC for $208.3 million in Q1 to fund capital expenditure tied to its AI pivot. Colocation revenue surged to $77.5 million while mining revenue fell to $30.1 million, making AI its largest business line. The company reported a $347.2 million net loss, driven primarily by $266.5 million in non-cash impairment charges on mining assets. Core Scientific sold…

Bitcoin Faces Massive Long Liquidation Imbalance As $15 Billion Sits Below Price

boss

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Kalshi Hits $22B Valuation After $1B Raise Amid Prediction Market Surge

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Prediction marketplace Kalshi has reached a $22 billion valuation after closing a $1 billion Series F funding round, underscoring growing venture capital appetite for prediction markets amid surging retail adoption. The new valuation doubles Kalshi’s worth from just five months ago. The funding round was led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest. The raise comes as investors increasingly view prediction markets as one of the fastest-growing segments of digital finance. Andreessen Horowitz’s crypto unit, a16z crypto, recently raised $2.2 billion for…

Samson Mow Says Potential Strategy BTC Sales Are Strategic

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Michael Saylor’s comment this week that Strategy might sell portions of its Bitcoin holdings, is a decision that gives the BTC treasury company Strategy, optionality, according to BTC advocate Samson Mow. “Never selling limits optionality. Public markets are war. In war, you need all available tools at your disposal,” Mow said after company co-founder Saylor’s comment during Strategy’s first-quarter earnings call on Tuesday. That the company might sell some BTC in the future, Mow added: “The more tools Strategy holds, the fewer angles its adversaries have. A company with real…

Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week

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Palm Beach, Florida, May 7, 2026 – Hosted by Luna PR, the fourth edition of the Crypto Polo Cup (CPC) will take place on May 9, 2026, at the Santa Clara Polo Club, alongside Consensus Miami. The invite-only event will bring together institutional leaders, founders, and investors across the digital asset and financial sectors. Since its debut in Palm Beach in 2022, Crypto Polo Cup has established itself as a premier gathering the intersections of digital assets, finance, and culture. Now in its fourth year, the 2026 edition will welcome…