Crypto World
Rakuten Wallet Integrates XRP, Opening Access to 44 Million Users Across Japan
TLDR:
- Rakuten Wallet lists XRP on April 15, 2026, giving 44 million Rakuten Pay users direct access to the asset.
- Users can convert Rakuten Points into XRP, tapping a loyalty pool worth approximately $23 billion USD.
- XRP converted to Rakuten Cash becomes spendable at over five million merchant locations across Japan.
- Rakuten’s ecosystem records 5.6 trillion yen in annual GMV, placing XRP inside one of Asia’s largest commerce networks.
Rakuten Wallet will list XRP as a supported asset and payment method starting April 15, 2026. The move connects XRP to one of Japan’s largest consumer ecosystems.
Rakuten Pay serves 44 million users across the country. Users will be able to buy XRP directly with Rakuten Points or convert XRP into Rakuten Cash for everyday spending. The integration covers over five million merchant locations nationwide.
XRP Enters Japan’s Mainstream Commerce Network
Rakuten Pay is not a crypto-native platform. It is Japan’s everyday commerce app, used by tens of millions of consumers for routine purchases.
Bringing XRP into this environment puts the asset in front of users who may have never engaged with digital currencies before.
Through this integration, users can convert Rakuten Points directly into XRP. Rakuten has issued over three trillion points to date, which is equivalent to roughly $23 billion USD. That existing pool of value now has a direct pathway into digital assets.
Spending XRP will be straightforward for users. Once converted to Rakuten Cash, XRP can be used at any of the five million-plus merchants that accept Rakuten Pay across Japan. This gives XRP real transactional utility at a scale that few digital assets have reached in any market.
Crypto analyst Tatsuya Kohrogi noted the scale of the development on X, writing that Rakuten Pay has 44 million users and that “this isn’t a crypto-native app — it’s Japan’s everyday commerce platform.”
He described it as putting XRP in front of people who have never thought about crypto before.
The Numbers Behind the Rakuten Wallet and XRP Partnership
Rakuten’s broader ecosystem adds further weight to this development. The platform reports over 100 million total members and processes 5.6 trillion yen in annual e-commerce gross merchandise value. These figures place the XRP integration inside one of Asia’s most active digital commerce networks.
The loyalty points system alone represents a substantial entry point for digital asset adoption. With three trillion-plus points now convertible to XRP, the pipeline between traditional rewards and crypto is direct and accessible to everyday consumers.
Kohrogi also pointed out that XRP is “now embedded into its loyalty and payments infrastructure,” calling it a strong indicator of where broader digital asset adoption is heading. His post acknowledged the Rakuten Wallet team for executing the integration.
For XRP, the partnership represents access to a trusted, established consumer brand. Rakuten’s reputation in Japan is built on decades of retail and financial services.
That credibility now extends to XRP as a usable and purchasable digital asset within a familiar ecosystem.
Crypto World
Goldman Sachs Targets BTC Yield With New Bitcoin Income ETF
Goldman Sachs filed with the SEC on April 14 to launch a Bitcoin Premium Income ETF, the bank’s first proprietary Bitcoin (BTC) fund product.
The filing adds Goldman to a growing list of Wall Street banks building dedicated BTC investment vehicles. Morgan Stanley debuted its own spot Bitcoin ETF just days ago.
How the Goldman Sachs Bitcoin ETF Works
The fund will invest at least 80% of net assets in instruments providing Bitcoin exposure. These include spot Bitcoin exchange-traded products and options on Bitcoin ETP indices.
Goldman’s core strategy relies on a dynamic options overwrite. The fund holds long positions in spot Bitcoin ETPs while selling call options against them, collecting premiums as monthly income.
The overwrite level ranges from 40% to 100% of BTC exposure, adjusted based on market conditions.
It does not hold BTC directly. A wholly owned Cayman Islands subsidiary can hold up to 25% of assets, helping the fund meet regulatory requirements for holding commodities under the Investment Company Act of 1940.
In flat or mildly volatile markets, option premiums may help the fund outperform plain spot Bitcoin ETFs. During strong rallies, the sold calls cap upside participation.
ETF analyst Eric Balchunas noted Goldman may be responding to client demand for lower-volatility BTC exposure.
“Goldman may sense opp to leap frog them and/or is prob hearing from their clients they want bitcoin but with less vol and happy to give up some upside for lower downside and income,” he wrote.
Wall Street’s Bitcoin Product Race Heats Up
Goldman has been steadily expanding its crypto footprint. Its most recent 13F filing showed roughly $1.1 billion in Bitcoin ETF holdings and more than $2.36 billion in total crypto ETF exposure.
The bank also recently acquired Innovator Capital Management, which issues Bitcoin-linked structured products.
The filing comes less than a week after Morgan Stanley launched the Morgan Stanley Bitcoin Trust (MSBT) on NYSE Arca.
“Seeing a global giant like Morgan Stanley highlighting crypto on their homepage like this is such a positive sign…This is how it goes mainstream. TradFi isn’t on the sidelines of crypto anymore. It is actively prioritising and scaling it as a core asset class. Next stop: every large wealth platform in the world treating crypto like just another asset class,” commented Summit Gupta.
That fund tracks BTC’s spot price at a 0.14% expense ratio, making it the cheapest spot Bitcoin ETF on the market. It drew $30.6 million in first-day inflows.
Goldman’s product targets a different audience. While MSBT appeals to investors seeking pure price exposure at low cost, the Premium Income ETF is designed for those willing to trade upside for regular distributions.
Grayscale launched its own Bitcoin Premium Income ETF (BPI) in April 2025 with a 0.66% expense ratio. BlackRock has a similar product at an advanced stage of development. Goldman’s fees have not yet been disclosed.
The filing is a post-effective amendment. The fund could launch roughly 75 days after the April 14 filing date, pending SEC review. A ticker has not yet been assigned.
For traditional portfolio allocators, the entry of a $3.5 trillion asset manager packaging BTC volatility as yield further narrows the gap between crypto and conventional income investing.
The post Goldman Sachs Targets BTC Yield With New Bitcoin Income ETF appeared first on BeInCrypto.
Crypto World
Fed chairman nominee Kevin Warsh’s vast holdings include crypto
Kevin Warsh, President Trump’s nominee to chair the Federal Reserve, filed his 69-page financial disclosure with the U.S. Office of Government Ethics, clearing the last bureaucratic hurdle before his confirmation hearing, now expected next week.
The filing reveals combined assets with his wife of at least $192 million — but it’s the crypto-specific holdings buried deep in the document that should interest this industry the most.
Warsh, through a web of venture fund structures, holds equity positions in more than a dozen blockchain and digital asset companies spanning DeFi lending, decentralized derivatives, Layer 1 and Layer 2 networks, prediction markets, and Bitcoin payments infrastructure. And he has pledged to divest the majority of them.
The man who will oversee stablecoin regulation, bank crypto custody policy, and any future central bank digital currency decisions has, until now, been personally invested across the crypto ecosystem, though the size of those holdings was unclear.
The Full Crypto Portfolio
CoinDesk reviewed the complete 69-page OGE Form 278e. Warsh’s crypto and blockchain-related holdings are concentrated in two fund structures: DCM Investments 10 LLC (through a vehicle called Abstract Holdings) and a series of funds labeled AVF I, AVF II, AVF III, and AVGF I and II. Here is every identifiable crypto and blockchain position:
DeFi and trading protocols:
- Compound — Algorithmic crypto money markets, one of the foundational DeFi lending protocols
- dYdX — Decentralized derivatives trading exchange
- Lighter — Decentralized exchange protocol
- Eulith — Crypto trading platform
Layer 1 and Layer 2 networks:
- Solana — High-performance Layer 1 blockchain
- Optimism — Ethereum scaling Layer 2
- Blast — Yield-generating Ethereum Layer 2
- Zero Gravity — Layer 2 AI blockchain platform
- DeSo — Social crypto network
Bitcoin-specific:
- Flashnet — Lightning Network Bitcoin trading platform
- Lightning Network — Off-chain Bitcoin payment network (a direct holding)
Crypto investment and financial infrastructure:
- Polychain — Crypto investment firm
- Scalar Capital — Blockchain investment firm
- Polymarket — Prediction market platform
- Lemon Cash — Crypto financial services platform
- Alpaca — Financial assets API infrastructure
- OnJuno — Crypto-enabled neobank
- OneSafe — DeFi data infrastructure
- Ridian — Crypto portfolio automation
- SkyLink — DeFi portfolio management
- Caliza — Global USD banking platform
- Kinetic — Digital asset exchange platform
Web3, NFTs, and crypto-adjacent:
- Crossmint — NFT developer tools
- CreatorDAO — Creator investment platform
- Friends With Benefits — Web3 community platform
- Dapper Labs — Consumer digital assets (NBA Top Shot)
- Tenderly — Ethereum developer platform
- Vana — Incentivized data collection platform
- Structure (Zaibatsu Heavy Industries) — Blockchain retail trading
- Metatheory — Web3 gaming (held separately as a direct SPV)
In addition, Warsh previously invested in Bitwise Asset Management, the firm behind one of the spot bitcoin ETFs, though that position does not appear on the current disclosure.
What he has to sell — and what that means
Most of these crypto positions sit within fund vehicles whose individual line items are reported without dollar values, which, under OGE rules, means each is worth less than $1,000. In other words, they’re small venture bets, not concentrated positions.
But there are bigger pots that almost certainly contain crypto exposure. Warsh holds over $100 million in Juggernaut Fund LP, whose underlying assets are shielded by confidentiality agreements. He also holds dozens of positions in THSDFS LLC, some valued at $1–$5 million individually, all similarly opaque. Both will require full divestiture.
OGE certifying official Heather Jones flagged these in her review, noting that Warsh will be in compliance with the Ethics in Government Act once he completes the divestitures. The open question is how that divestiture plays out for illiquid venture stakes. Selling a position in Compound or dYdX token holdings is straightforward; unwinding LP stakes in Polychain or Bessemer Venture Associates funds is not.
The conflict question
Even after selling, Warsh will face a complicated recusal landscape. Federal ethics rules generally require a one-year cooling-off period for matters directly affecting recent financial interests. That could be relevant as the Fed weighs in on:
- Stablecoin legislation: Congress is actively debating stablecoin frameworks that would define which institutions can issue and custody stablecoins — directly impacting DeFi protocols and crypto neobanks like those in Warsh’s portfolio.
- Bank crypto custody guidance: The Fed’s supervisory stance on whether banks can custody digital assets has been one of the most contested policy questions in crypto since 2022.
- Tokenized deposits and securities: The Fed has a direct role in approving or discouraging bank experimentation with tokenized deposits, an area adjacent to several Warsh holdings.
- CBDC research: Though political support for a U.S. CBDC has cooled, the Fed’s ongoing research intersects with the payment network infrastructure represented by Lightning Network and Solana holdings.
The Bigger Picture
What’s striking is less the size of the crypto bets — most are small — but more that they exist at all. This is not a nominee who passively held bitcoin through a brokerage account. Warsh deliberately sought exposure to the specific protocols, networks, and infrastructure companies that the Fed’s regulatory and monetary policy decisions most directly affect.
His broader financial profile underscores the point. Warsh earned $10.2 million in consulting fees from Duquesne Family Office, the investment arm of Stanley Druckenmiller, one of crypto’s most prominent macro investors. He collected $1.55 million from GoldenTree Asset Management, $750,000 from Cerberus Capital Management, and another $750,000 in honoraria from Brevan Howard — all firms with significant digital asset trading operations.
His speaking fee circuit in the first half of 2025 alone totaled over $780,000 from firms including TPG, Warburg Pincus, State Street, Eli Lilly, and Centerview Partners.
Combined with spouse Jane Lauder’s estimated $1.9 billion net worth, Warsh would be among the wealthiest Fed chairs in modern history.
What comes next
Senate Banking Committee chair Tim Scott (R-S.C.) said Tuesday that a confirmation hearing will be held next week. But Sen. Thom Tillis (R-N.C.) continues to block any final vote until the Justice Department drops its criminal investigation of current Fed Chair Jerome Powell, whose term expires May 15.
The crypto holdings will almost certainly come up in questioning. Senators on both sides have grown more focused on financial conflicts at the Fed, and Warsh’s portfolio gives them specific, named companies to ask about.
For the crypto industry, the Warsh disclosure is a double-edged signal. On one hand, a Fed chair with personal venture exposure to DeFi and blockchain infrastructure may have more nuanced views on the technology than predecessors who had none. On the other hand, the mandatory divestiture and recusal obligations could constrain his ability to act on whatever sympathies those investments imply — at least in the first year.
Crypto World
ECB’s Lane says persistent inflation could still force rate hikes
ECB chief economist Philip Lane warned the central bank could still raise interest rates if inflation’s impact lasts longer than expected, keeping tightening risks alive even after March’s pause.
Summary
- ECB’s Philip Lane says rates could rise if inflation’s impact lasts longer.ecb.
- Comments reinforce data‑dependent stance after March decision to hold rates.ecb.
- Markets already pricing in up to three hikes this year amid energy risks.
European Central Bank chief economist Philip Lane has warned that interest rates may yet rise if inflation in the euro area proves more persistent than policymakers currently expect, keeping the door open to further tightening even after the ECB held borrowing costs steady in March.
According to Jinshi’s summary of Lane’s latest remarks, the Governing Council member said that “if the impact of inflation lasts for a longer period, the European Central Bank will consider raising interest rates,” underlining that the fight against above‑target price growth is not over.
His comments echo recent guidance from ECB President Christine Lagarde, who told the Financial Times that “if we expect inflation to deviate significantly and persistently from target, the response must be appropriately forceful or persistent,” signalling that rate hikes remain on the table if price pressures re‑accelerate.
In its March policy decision, the ECB left its three key interest rates unchanged and reiterated that it is “determined to ensure that inflation stabilises at the 2% target in the medium term,” while acknowledging that the conflict in the Middle East has created upside risks for inflation via higher energy costs.
The central bank’s latest projections see headline inflation averaging 2.6% in 2026 and hovering around 2% in 2027 and 2028, but officials including Lane have flagged that wage dynamics and firms’ price‑setting plans will be watched closely at “every meeting” to judge whether those forecasts remain credible.
Lagarde has also stressed that “self‑reinforcing mechanisms” could take hold if inflation expectations drift away from the target, warning that the risk of de‑anchoring would “become acute” without a sufficiently firm response, a stance that has kept markets wary of declaring the hiking cycle definitively over.
Traders in money markets currently price in two to three ECB rate increases by year‑end, which would lift the main policy rate toward a range of roughly 2.50% to 2.75%, with the timing seen as highly sensitive to incoming inflation prints and developments in energy markets.
For crypto investors, Lane’s signal that rates could still rise if inflation lingers adds another macro variable to watch alongside the European inflation data and central bank communications that crypto.news has tracked in previous coverage of ECB decisions and their spillover into Bitcoin and Ethereum markets.
Crypto World
Who is Wei Zhou, one of the most mentioned people in CZ’s book?
Binance founder Changpeng Zhao (CZ) dedicated a considerable portion of his autobiography, Freedom of Money, to talking about somebody called Wei Zhou.
Indeed, Zhao is this fifth most mentioned person in the book, tied with Sam Bankman-Fried (SBF) with 23 mentions. But who is he?
Zhao joined Binance from Goldman Sachs in 2018 as its first chief financial officer (CFO).
He’d previously shepherded two companies through NYSE and NASDAQ IPOs, and in Binance’s eyes, he brought institutional credibility that the then-one-year-old crypto exchange desperately needed.
Zhou is now CEO of Coins.ph, a Philippines-based crypto wallet and exchange that he acquired from Indonesian super-app Gojek in 2022 for roughly $200 million.
He also advises Old Fashion Research, a blockchain fund run by former Binance executives, as well as serving as vice chairman of the gay dating app Grindr.
Wei Zhou : From CZ’s first CFO to his nemesis
CZ used Freedom of Money, written largely during his time in prison and published on April 8, to paint Zhao as an unreliable subordinate-turned-antagonist.
Specifically, it frames his tenure around two grievances.
The first involves Zhao’s role in Binance’s FTX investment.
FTX launched in May 2019 and within months, SBF approached Binance for investment. Zhao championed the deal, yet CZ claims that he initially declined.
However, by late 2019, FTX lowered its valuation and sweetened the offer with a Binance Coin (BNB) for FTX token (FTT) token swap. Binance agreed, taking a 20% stake in SBF’s company that would implode three years later.
Fortunately for CZ, Binance was able to sell its FTX equity, before FTX went bankrupt.
Fintech Alliance Philippines and Binance
CZ also complained about Zhao’s role in Binance’s Philippine expansion.
In September 2022, Zhao wrote to the chairman of Fintech Alliance Philippines, questioning a blockchain education partnership between the Alliance and Binance.
The letter, which a Philippine crypto publication published in full, called Binance an unregistered virtual asset service provider.
Zhao claimed that Coins.ph was “astounded” by the Binance-Alliance collaboration, an assertion that CZ frames as an underhanded attempt to block Binance from the Philippine market.
Unsurprisingly, Zhao denied the framing and told reporters, “We did not block Binance from joining. We asked to be involved in blockchain education initiatives of Fintech Alliance Philippines.”
Partial financials for his CFO
Basically, CZ’s memoir casts Zhou as a disloyal insider. However, other reports tell a different story about who kept whom in the dark.
Reuters reported in December 2022 that Zhao never had access to Binance’s full financial accounts during his tenure as CFO of nearly three years. Reuters says that two former colleagues confirmed that claim.
It also claimed the world’s largest crypto exchange ran its finances as a “black box” obscured from even its own CFO.
Zhao wasn’t the only executive to discover CZ’s centralized grip over Binance.
Binance.US, launched in 2019 while Zhao still served as global CFO, was meant to operate independently.
However, its first CEO, Catherine Coley, was replaced without explanation. Her successor, former US Comptroller of the Currency Brian Brooks, lasted less than four months.
Brooks later testified concerningly that he realized CZ ran the US entity, not him.
The SEC would eventually allege that Binance.US was a sham, controlled behind the scenes by CZ while publicly claiming independence.
Zhao left Binance in June 2021, the same summer Brooks walked out of Binance.US. Binance cited personal reasons for both departures.
Read more: How the battle between Binance and FTX went from bad to worse
Binance Avengers
After leaving, Zhao created a private group that CZ’s memoir called the “Binance Avengers.” It gathered disgruntled former employees to criticize the exchange.
CZ’s book claims some members later lost money after transferring assets to FTX.
The Binance supremo also places Zhao on an informal enemies list alongside SBF and OKX founder Star Xu. As Protos reported, the CZ-Xu grudge escalated to a $1 billion bet within days of the book’s release.
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Crypto World
XRP Futures Jump 294% to $46M as Price Rebounds
TLDR
- XRP rose to $1.37 after gaining 3.83% and ending a three-day decline.
- XRP Futures net inflows surged 294% to $46.15 million within 24 hours.
- Derivatives data showed steady inflows across 4-hour, eight-hour, and 12-hour timeframes.
- Short liquidations reached $1.59 million over 24 hours and made up 88% of total liquidations.
- Spot exchange data showed a $10.07 million net outflow as holders moved XRP off exchanges.
XRP climbed to $1.37 after posting a 3.83% intraday gain on Monday, reversing three days of declines. At the same time, derivatives data showed futures net inflows surged 294% to $46.15 million within 24 hours. The combined price recovery and leverage increase signaled renewed trader participation.
XRP Futures Record $46M Daily Inflows as Leverage Builds
XRP Futures activity accelerated as traders reopened leveraged positions across major exchanges. Data from Coinglass showed 24-hour net inflows reached $46.15 million, reflecting a 294.78% increase. Meanwhile, four-hour data recorded $71.16 million in inflows and a net increase of $753,280. Over eight hours, inflows totaled $111.03 million, while outflows hit $106.32 million, leaving a $4.71 million net gain.
In the 12-hour window, inflows reached $286.18 million against $277.18 million in outflows. This pattern confirmed steady positioning by derivatives traders. Rising participation often increases short-term volatility, and current figures showed active positioning across multiple timeframes. XRP traded at $1.37 at press time after Monday’s upward move.
Liquidations and Spot Outflows Shape Current XRP Structure
Liquidation data reflected pressure on bearish positions as prices moved higher. In the last 12 hours, total liquidations reached $328,110, including $70,870 from longs and $257,250 from shorts. Over 24 hours, total liquidations climbed to $1.79 million, with $1.59 million from short positions. Shorts accounted for 88% of total liquidations during that period.
At the same time, spot exchange flows showed net withdrawals. In the eight-hour timeframe, inflows stood at $27.34 million, while outflows reached $26.45 million, producing a $893,470 net inflow. However, in 12 hours, inflows totaled $62.99 million, and outflows climbed to $67.40 million, leaving a $4.42 million net outflow.
Across 24 hours, inflows reached $131.03 million, while outflows exceeded that at $141.10 million. This resulted in a $10.07 million net outflow and a -203.62% net change. Exchange withdrawals indicated that holders moved tokens off trading platforms during the rebound.
Market data showed that liquidations occurred alongside tightening exchange balances. The price structure shifted as short positions closed and futures inflows expanded. XRP continued to trade near $1.37 as derivatives and spot metrics reflected active market participation.
Crypto World
GMX Rolls Out 24/7 Gold and Silver Trading
The Arbitrum-native exchange launched precious metals perpetuals as onchain commodity trading gains momentum across DeFi.
Decentralized perpetual exchange GMX has launched 24/7 gold and silver markets on Arbitrum, drawing more than $10 million in trading volume on the first day, the protocol announced on X.
The new XAU/USD and XAG/USD markets are synthetic perpetuals settled onchain using WETH-USDC liquidity. Pricing is secured through Chainlink Data Streams, the same oracle infrastructure that underpins GMX’s existing perp markets, according to a blog post from the exchange.
“We’re excited to see GMX adopt Chainlink to power its newly launched gold and silver perpetual markets,” said Johann Eid, Chief Business Officer at Chainlink Labs. “This is how we enter a new era where the world’s largest commodities are traded onchain at a massive scale.”
The launch comes at a turbulent moment for precious metals. Gold climbed above $4,800 per ounce on Tuesday, rebounding from prior losses as the U.S. and Iran signaled their willingness to resume ceasefire negotiations.
GMX said gold and silver represent the starting point for a broader push into real-world asset (RWA) derivatives, with additional commodities and asset classes under evaluation. Both pools are included in the protocol’s GLV [ETH-USDC] vault, allowing liquidity providers to earn fee revenue as demand scales. Traders on Base, BNB Chain, and Ethereum mainnet can also access the markets via GMX’s multichain infrastructure.
The move places GMX alongside a growing roster of DeFi protocols racing to bring traditional asset exposure onchain. Hyperliquid’s permissionless HIP-3 markets have seen commodity perpetuals, particularly oil, dominate trading activity in recent months.
The broader tokenized commodities sector has expanded rapidly. Tokenized gold surpassed $4 billion in market value in January and is now approaching $5 billion, led by Tether Gold and Paxos Gold. New entrants like Theo have launched yield-bearing tokenized gold products, while the World Gold Council has proposed shared infrastructure to lower barriers to entry and improve fungibility across digital gold products.
The growth underscores demand for permissionless precious metals exposure, particularly as geopolitical uncertainty continues to drive interest in safe-haven assets traded outside traditional market hours.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Crypto World
Solana Hits $1.1 Trillion in First Quarter Activity
TLDR
- Solana recorded $1.1 trillion in total economic activity during the first quarter of 2026.
- Artemis data confirmed that this marks the first time Solana crossed the $1 trillion level in a single quarter.
- The network posted a 6,558.6% increase in economic activity compared to the previous quarter.
- On-chain usage accelerated sharply in late 2025 and continued rising into early 2026.
- The quarterly total reflects the highest value of transactions and economic interactions ever recorded on Solana.
Solana recorded $1.1 trillion in total economic activity during the first quarter of 2026, according to Artemis data released Tuesday, April 14. The figure marks the first time the blockchain has crossed the $1 trillion threshold within a single quarter. The surge follows a sharp rebound in on-chain usage after months of market volatility.
Solana Posts $1.1 Trillion in Quarterly Economic Activity
Artemis reported that Solana processed $1.1 trillion in total economic activity in Q1 2026. The data shows that this is the highest quarterly figure ever recorded on the network. As a result, Solana achieved a new all-time high in total value of transactions and economic interactions.
The charts from Artemis highlighted a 6,558.6% increase in economic activity compared to the previous quarter. This rapid growth pushed Solana beyond the $1 trillion milestone for the first time. Artemis stated that the spike reflects a sharp rise in on-chain usage across the network.
On-Chain Usage Surges as Network Rebounds
The Artemis charts showed that Solana’s on-chain usage accelerated sharply in late 2025. Activity continued to expand into early 2026 as transaction volumes increased. As a result, the network regained strong momentum after extended volatility through 2024 and mid-2025.
Data indicate that higher transaction throughput supported the growth in total economic activity. Increased participation in decentralized finance protocols also contributed to the surge. In parallel, staking activity on Solana expanded during the same period.
The quarterly total includes all recorded transactions and economic interactions on the blockchain. This covers transfers, decentralized finance operations, and other on-chain activities. Consequently, the combined value reached its highest level in the network’s history.
Artemis confirmed the figures on April 14 through its published dataset. The report identified Q1 2026 as the strongest quarter by economic output for Solana. The milestone comes as broader crypto markets regain upward momentum.
Market data shows that Solana experienced fluctuating activity throughout 2024 and mid-2025. However, usage levels began rising again in late 2025 and continued into 2026. Therefore, the latest quarterly figure reflects a sustained rebound in network engagement.
The reported 6,558.6% increase represents quarter-over-quarter growth in economic activity. This growth rate ranks among the highest recorded by the network to date. As such, the data places Q1 2026 at a new peak for Solana.
The $1.1 trillion total captures the aggregate value of all economic transactions processed during the quarter. Artemis compiled the data using on-chain metrics and transaction tracking tools. The figures became publicly available on Tuesday, April 14, 2026.
Crypto World
CoinStats Launches AI Agent Claiming to Outperform ChatGPT, Gemini and Claude in Crypto Research Benchmark
Crypto tracker app CoinStats has launched a new AI-powered research agent, claiming it outperforms leading models from Google, OpenAI, and Anthropic in crypto-focused deep research tasks.
The announcement comes alongside the public beta release of the CoinStats AI Agent, a tool designed specifically for cryptocurrency traders and investors.
Benchmark Results
According to CoinStats, its AI Agent achieved a score of 79 out of 100 in an internal benchmark evaluating crypto research quality. In comparison, Gemini Deep Research scored 67, ChatGPT 61, and Claude 58.
Speed was another key differentiator. The CoinStats AI Agent reportedly delivered results in an average of four minutes, while competing tools took significantly longer, with some responses exceeding 50 minutes.
The company noted that the benchmark methodology is open source and available on GitHub, allowing independent verification of the results.

Why a Crypto-Native AI?
CoinStats attributes its performance advantage to its access to specialized data sources.
Unlike general-purpose AI models, which primarily rely on web data, the CoinStats AI Agent integrates multiple streams of crypto-native information, including on-chain data, exchange metrics, derivatives data, and real-time social sentiment.
The system uses a multi-agent architecture, where different agents simultaneously analyze various data sources such as news, blockchain activity, and social media trends. These inputs are then combined into a unified research output.
Key Features
The CoinStats AI Agent is positioned as a research copilot rather than a simple chatbot, offering several advanced capabilities:
- Market Research: Explains price movements by combining news, sentiment, and on-chain activity
- Onchain Tracking: Analyzes wallets, token flows, and blockchain activity across 120+ networks, powered in part by the CoinStats Crypto API
- Social Sentiment Analysis: Tracks narratives and influencer activity in real time
- Portfolio Analysis: Provides insights based on a user’s actual holdings
- Backtesting: Simulates trading strategies using historical data
- Code Execution: Performs advanced calculations and custom analysis on demand
The platform also generates visual outputs such as charts and tables, enhancing usability for traders.
Multiple Modes
The AI Agent operates across different modes, including:
- Deep Research: Multi-step analysis across multiple data sources
- Backtesting: Historical simulation of strategies
- Fast Mode: Quick answers for simple queries
- Private Mode: Encrypted processing via decentralized infrastructure, powered by Venice AI
Availability
CoinStats AI Agent is currently available in public beta for Degen and Premium users on web, iOS, and Android.
CoinStats, a crypto portfolio tracking platform founded by Narek Gevorgyan, is positioning this launch as part of its broader move into AI-powered analytics.
A Growing Trend in Vertical AI
While the results highlight strong performance in crypto-specific tasks, they are based on internal testing and may vary depending on use cases.
The launch reflects a broader trend in the AI industry, where specialized, domain-focused tools are emerging to compete with general-purpose models in niche areas such as finance and cryptocurrency research.
Crypto World
Ethereum briefly surges to $2,400 as geopolitical relief boosts crypto, stocks
- Ethereum briefly rallied to $2,400 on Trump-Iran ceasefire optimism and easing oil fears.
- Sentiment lifted risk assets, with BTC leading the charge with prices rising above $75k.
- ETH price outlook includes an ascending channel and bullish RSI.
Ethereum price extended gains on Tuesday, briefly touching highs above $2,400 as Bitcoin and broader cryptocurrency markets surged on optimism surrounding potential diplomatic progress in US-Iran negotiations.
As President Donald Trump’s comments on advancing talks following a recent two-week ceasefire fueled investor sentiment, risk assets, including equities, climbed while oil prices retreated.
This confluence of geopolitical hope and easing inflation concerns marked a pivotal moment for digital assets, with Bitcoin leading the charge past key psychological thresholds.
Ethereum hits highs of $2,360 as Bitcoin surges above $75,000
ETH extended its impressive rally on Tuesday, pushing decisively above $2,300 after breaking from lows of $2,270 overnight from Monday.
This marked the cryptocurrency’s highest level in over two months.
Santiment notes that open interest in BTC and ETH has jumped 59% and 45%, respectively, in seven weeks.
🥳 Bitcoin ($76,070) & Ethereum ($2,395) have both hit their highest market values since the beginning of February. This rebound is coming with increased optimism, as margin & leveraged positions are being created rapidly.
📈 $BTC: +59% Open Interest in 7 weeks
📈 $ETH: +45%… pic.twitter.com/VgevsGwMz1— Santiment (@santimentfeed) April 14, 2026
Bitcoin rose from around $74,000 to above $76,000 before paring gains to around $75,500 as of writing. Goldman Sachs filing for a Bitcoin ETF boosted sentiment.
The uptick in Bitcoin and Ethereum also closely tracked gains across US stock benchmarks, which rallied sharply after cooler-than-expected US producer price data eased inflation concerns. The report boosted risk appetite, drawing capital into high-beta assets such as cryptocurrencies.
Wall Street’s positive momentum provided an additional tailwind, with institutional investors appearing to rotate into Bitcoin amid perceptions of it as a hedge against fiat uncertainty.
On the geopolitical front, President Donald Trump’s remarks about pursuing further discussions with Iran—potentially building on last week’s fragile two-week ceasefire—served as an immediate catalyst.
Markets have interpreted this as a step toward a longer-term truce, reducing fears of escalation in the Middle East. As a result, oil prices have fallen below $100 per barrel, easing pressure on global energy costs and supporting gains in both equities and cryptocurrencies.
However, caution persists around the Strait of Hormuz, a critical chokepoint for global oil shipments.
Investors are awaiting clearer signals on operational stability in the region, as any disruption could quickly reverse the current risk-on sentiment.
For now, Bitcoin’s momentum highlights its sensitivity to interconnected global developments, with trading volumes rising as bulls test fresh highs.
Ethereum price forecast
Ethereum price has formed an ascending channel since early April, with prices respecting the 50-day exponential moving average (EMA) as dynamic support near $2,176.
This level, coupled with the rising trendline of a potential triangle pattern, forms a robust foundation that bulls are defending vigorously. Buyers are now looking to turn the 100-day EMA ($2,356) into major support.

Among the key bullish indicators is the Relative Strength Index (RSI) on the daily timeframe, which has climbed above 62. The RSI has yet to enter the overbought territory, signaling strong momentum without immediate exhaustion.
Potential resistance looms at $2,800 and $3,370, which have acted as prior support and highs from January 2026.
Conversely, failure here might trigger profit-taking, testing support at $2,000 and likely lower at $1,800.
Crypto World
David Einhorn signals caution as his hedge fund Greenlight prioritizes capital protection
David Einhorn, President at Greenlight Capital, speaking at the 14th CNBC Delivering Alpha Investor Summit in New York City on Nov. 13, 2024.
Adam Jeffery | CNBC
Hedge fund manager David Einhorn said he is focusing on capital protection as markets rally on geopolitical optimism, warning that investors may be underestimating potential downside risks.
“It probably won’t surprise anyone that we are again putting capital preservation at the top of our priorities,” Einhorn said in his latest investor letter dated Monday and obtained by CNBC. “With so little downside priced in, we are willing to risk missing out on a possible recovery to position ourselves to play more offense, should one of the downside scenarios materialize.”
U.S. stocks have rebounded violently with the S&P 500 entirely erasing the losses suffered since the Iran war began. The market is building on the recent gains this week even after U.S.-Iran negotiations over the weekend broke down, as investors remained optimistic that a deal between the two countries was still possible.
S&P 500 year to date
Greenlight’s funds returned 6.5% in the first quarter, outperforming the S&P 500’s 4.4% decline. Still, Einhorn said the firm has kept relatively low gross and net exposure, reflecting caution about valuations and the broader macro backdrop.
“Even the most cautious are investing with a Sammy Hagar inspired mentality: one foot on the brake and one on the gas,” he said in the letter. “Nobody wants to miss the V- or even the checkmark-shaped recovery.”
As the conflict began, Greenlight was already running with relatively low exposure, citing what it viewed as stretched valuations. Einhorn said Greenlight has made few adjustments, trading around index hedges and adding a long position in October oil futures. That bet has risen only modestly, as markets largely expect any supply disruption to be temporary.
Performance in the quarter was driven by gains in gold, Acadia Healthcare, DHT Holdings and Core Natural Resources, according to the letter. Greenlight also initiated a medium-sized position in Versant Media Group and smaller stakes in Crocs and SLM Corp.
Disclosure: Versant Media is the parent company of CNBC.
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