Arjun Sethi: Kraken balances institutional needs with decentralization, Bitcoin conference reflects market maturity, and inflationary pressures pose risks to crypto
Key takeaways Kraken balances institutional needs with a commitment to decentralization. The Bitcoin conference is a global community event with a cult following. Institutional presence at conferences signals a maturing crypto market. Institutions are genuinely investing in crypto, showing real…
Why Yat Siu says the metaverse is over
Animoca Brands chairman Yat Siu told Consensus Miami 2026 that the metaverse is over as a consumer destination, and that 100 billion AI agents will become blockchain’s primary users. Summary Yat Siu said the pandemic-era vision of humans living in…
Coinbase reports $394M Q1 loss as stock declines 5% after hours amid trading slowdown
Coinbase shares declined about 5% in after hours trading Thursday after the crypto exchange reported a first quarter loss and weaker revenue as trading activity slowed across the market. The company posted $1.4 billion in total revenue, $756 million in…
Strategy Right to Keep Bitcoin Sale Option Open: Analyst
A company that publicly commits to only ever accumulating BTC will give short sellers and arbitrageurs more angles to exploit. Bitcoin advocate Samson Mow has pushed back against criticism that Strategy has betrayed its principles by saying it would…
Bitcoin lenders push crypto lending into TradFi
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…
BitMine may slow ETH buying pace as it nears 5% supply goal
BitMine Chairman Tom Lee said the company may slow the pace of its Ethereum purchases as it moves closer to its goal of holding 5% of the total ETH supply. Lee made the comments Thursday at Consensus 2026 in Miami,…
Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push
Kraken’s $600 million acquisition of Reap folds a Hong Kong stablecoin business‑payments specialist into its stack, with Payward issuing stock at a $20 billion valuation to anchor its IPO‑era M&A currency. Summary Kraken parent Payward will buy Hong Kong-based Reap…
Saylor reaffirms accumulation stance after floating possible sales
Michael Saylor, executive chairman of Strategy Inc., posted six words on X on Thursday: buy more Bitcoin than you sell. Buy more bitcoin than you sell. — Michael Saylor (@saylor) May 7, 2026 The post came days after Saylor spent…
Morgan Stanley’s $269M Spot Bitcoin ETF Bet: Why Wall Street is Buying Even if Your Advisor Isn’t
Morgan Stanley holds $269.9 million in Spot Bitcoin ETF positions, with the bulk of that exposure sitting in GBTC – the Grayscale Bitcoin Trust – according to recent 13F filings submitted to the SEC. The bank’s own Spot Bitcoin ETF,…
Elon Musk opens xAI data centers to Anthropic in surprise AI deal
Anthropic has struck an unexpected deal with Elon Musk-owned SpaceX to expand computing capacity for its Claude AI models. Summary Anthropic secured 300MW of compute capacity from SpaceX’s Colossus 1 facility, which houses more than 220,000 Nvidia processors. Elon Musk…
