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Bitcoin 2026 opens to empty seats, protests, awkward moments

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Bitcoin 2026 opens to empty seats, protests, awkward moments

Bitcoin (BTC) was worth $110,000 at last year’s big Las Vegas conference but by the time Bitcoin 2026 kicked off this week, it had fallen to less than $79,000.

Unfortunately, that was just the start of the disappointment.

The conference opened yesterday at The Venetian in Las Vegas with two senior US officials addressing a mostly empty main stage.

During the event, security also escorted the wife of imprisoned Samourai developer Keonne Rodriguez from one of the areas, and a member of Congress claimed to have started mining BTC in 2006, which isn’t possible.

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The day’s most-hyped event, a main stage panel entitled “Code is Free Speech,” billed FBI Director Kash Patel and Acting US Attorney General Todd Blanche as speakers.

However, neither physically attended the event.

For a session pitched as a federal olive branch to the crypto industry, the nearly empty event landed as little more than an awkward gesture.

Attendees also noticed the stock of the conference organizer’s public company, Nakamoto, 99% below its price during last year’s conference.

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And all this before the event’s second day had even started.

Nakamoto (Nasdaq:NAKA). May 2025-present. Source: TradingView

Security incident with a Samourai fan favorite

Broadly supported by the Bitcoin community, Lauren Rodriguez is the wife of Keonne Rodriguez. Her husband is serving a five-year prison sentence for pleading guilty of conspiracy to operate an unlicensed money‑transmitting business involving Samourai Wallet. 

According to her characterization of events, security escorted her out of the conference “for holding #FreeSamourai signs,” tagging conference founder David Bailey. 

Support for Samourai is widespread in the Bitcoin and wider crypto communities. Indeed, the conference organizer had scheduled Rodriguez to appear that same afternoon on a main stage panel entitled “The Wives & Mothers Carrying the Fight Against Injustice.”

Bailey’s staff later remedied the situation, with Lauren thanking organizers for “resolving the issue with security.” However, the initial media damage was immediate, with 140,000 views on X of her initial complaint.

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‘No longer prosecute Bitcoin developers’

Back at the main stage, within minutes of a cagey and heavily qualified statement by Acting US Attorney General Blanche, Pete Rizzo breathlessly broadcasted to his followers that the “US Attorney General just said they will no longer prosecute #bitcoin developers… Samourai devs about to be free.”

That was an incredible characterization. In fact, Blanche had said nothing about freeing Samourai developers, and merely promised a heavily qualified aspiration, vaguely hoping that his department would not generally intend to prosecute software developers if “you are not helping and knowing the third party is using what you developed to commit crimes.”

Excluded from the celebratory claims on social media about Blanche’s non-existent promise to stop prosecuting Bitcoin developers, Blanche continued, “Obviously, facts matter, because if you’re laundering money or violating sanctions, the mere fact that you happen to be a coder doesn’t excuse you from criminal liability.

“So there’s a distinction there, and that’s why the facts of a particular case are very important.”

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Read more: Samourai developers plead guilty

Bitcoin 2026 speaker “mining bitcoin 20 years ago”

On the same main stage, Iowa Republican Congressman Zach Nunn claimed to the audience that he “started mining BTC 20 years ago.”

Unfortunately for Nunn, Satoshi Nakamoto published the Bitcoin whitepaper in October 2008. Twenty years ago is 2006.

Lastly, the disappointing stock price of Nakamoto (NAKA), the BTC treasury stock founded by conference organizer Bailey, loomed heavily over the event.

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During last year’s conference, NAKA traded over $29 per share. It closed for trading yesterday below $0.20.

Read more: Bitcoin treasury Nakamoto down 98% — still pays David Bailey lavishly

A venue far from capacity, main stage speakers dialing it in, an ejected Samourai protester, and a congressman magically mining BTC years before the network launched. 

All of it fit inside just the first day of Bitcoin 2026. Two more days to go.

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Microsoft says legacy banks are hitting a breaking point as AI takes over the heavy lifting

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Microsoft says legacy banks are hitting a breaking point as AI takes over the heavy lifting

Artificial intelligence is pushing financial systems toward a model where machines execute transactions at scale, raising new challenges around control, oversight and infrastructure, said Microsoft and Chainalysis executives.

Bill Borden, corporate vice president of worldwide financial services at Microsoft, said Tuesday that legacy systems will face increasing pressure as transaction demands grow more complex. The tipping point comes when “latency, scale, complexity are starting to impact your ability to compete,” forcing firms to rethink how their systems are built, he said at an event hosted by Alchemy in New York City.

While automation has long been part of finance, Borden said the focus is now shifting from capability to trust. “It’s not about, can technology automate … executing a hedging strategy — that can be done. The question is: can you trust it? Can you audit and control?” he said.

Microsoft, which offers its own AI assistant in many of its products, is developing tools to manage that transition, including systems that assign identities and permissions to AI agents and track their actions. In regulated environments, Borden said firms must be able to show “what controlled it” and whether a system “followed the policy” when decisions are made without direct human input.

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Jonathan Levin, co-founder and CEO of Chainalysis, said the crypto sector already offers a working model of automated finance. Blockchain networks process large volumes of transactions through smart contracts and software-driven wallets, creating what he described as an environment similar to agent-based systems. “We’ve been preparing for these moments way before other parts of the financial services industry,” Levin said.

That experience extends to risk management. Levin pointed to efforts to track illicit funds across “thousands of different wallets” as an example of the kind of monitoring needed in a system where transactions happen at scale without direct human input.

Looking ahead, both executives expect a mix of systems to coexist. Levin said “the majority of commerce in 10 years time will be settled on public infrastructure,” while Borden pointed to a more integrated approach linking public blockchains, private networks and existing rails.

“I do think traditional rails will continue to exist,” Borden said, with software acting as the layer that connects them.

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Buy DOGEBALL before 2nd May as one of the leading crypto presales to buy in 2026 nears close

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Buy DOGEBALL before 2nd May as one of the leading crypto presales to buy in 2026 nears close - 4

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

DOGEBALL nears final presale phase after raising over $230k from more than 830 participating investors.

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Summary

  • DOGEBALL raises $230K+ from 830 users as its 2026 presale nears final phase ahead of the May closing deadline.
  • The project is gaining traction with DOGECHAIN, combining GameFi, PayFi, and instant fiat payouts across 30+ currencies.
  • DOGEBALL’s presale grows fast as investors target its payment utility, staking rewards, and $1M gaming prize ecosystem.

A rare window is closing fast for investors searching for the best crypto presale to buy in 2026, and DOGEBALL (DOGEBALL) is already proving why it stands out. With over $230K raised and 830+ participants onboard, this project has moved beyond early speculation into validated demand.

The DOGEBALL presale went live on 2nd January 2026 and is now nearing its final phase on 2nd May 2026. This focused 4-month presale opportunity allows investors to maximize returns in a short timeframe. With the deadline approaching, the opportunity to secure tokens at $0.0004 is quickly disappearing.

Buy DOGEBALL before 2nd May as one of the leading crypto presales to buy in 2026 nears close - 4

Buy DOGEBALL now at $0.0004 before price changes. Only 4 days left use PAY35 today

DOGEBALL project overview: The Best crypto presale to buy in 2026 with real payment utility

DOGEBALL is built on DOGECHAIN, a custom Ethereum Layer 2 blockchain designed for high-speed, low-cost transactions. It combines GameFi and PayFi into one ecosystem, enabling users to send crypto while receivers get fiat directly into their bank accounts globally.

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Through its DOGEPAY system, users benefit from zero FX fees, no intermediaries, and near-instant transfers across 30+ currencies. This removes traditional remittance barriers and creates a seamless financial experience that is already gaining traction among global users.

Key USPs driving demand: Instant crypto to fiat and high-utility ecosystem

DOGEBALL introduces a clear value proposition by solving real-world problems in payments and gaming. Users can transfer crypto globally while recipients receive fiat instantly, eliminating delays, hidden fees, and reliance on banks or third-party processors.

The ecosystem also includes a play-to-earn gaming model with up to $1M prize pool and rewards reaching $500K. Players can cash out instantly into fiat, making it highly attractive for gamers and streamers. With DOGEBALL used for transaction fees and staking, the token benefits from continuous demand as ecosystem activity grows.

Presale ROI potential: Early entry at $0.0004 could reach $0.015 launch price

The current presale price is $0.0004, while the expected launch price is $0.015. This represents a potential ROI of over 3,650% within the 4-month presale window, positioning DOGEBALL as a high-upside opportunity for early participants.

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Investing today in the best crypto presale to buy in 2026 also unlocks additional advantages through bonus code PAY35, giving 35% extra $DOGEBALL tokens. This increases total holdings instantly and enhances potential returns once the token reaches its launch valuation.

Buyer of the week competition and 100% bonus driving investor FOMO

DOGEBALL is actively rewarding top participants through its Buyer of the Week program, creating strong competition among investors. The top buyer each week receives VIP recognition along with a massive 100% additional token bonus on their entire weekly purchase.

The intensity of this competition is clear. In the past 7 days, a $2131 purchase at 23:58 UTC briefly secured the top spot, only to be overtaken by a $2320 buy at 23:59 UTC. This last-minute surge highlights how investors are pushing hard to maximize rewards before the weekly cutoff.

How to buy DOGEBALL before the 2nd May deadline

Joining the best crypto presale to buy in 2026 is simple and designed for ease of use. Investors can access the presale platform, connect their wallet, and complete their purchase within minutes without complex steps.

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To maximize value, apply the bonus code PAY35 during purchase to receive 35% extra tokens. With 2nd May near and the presale set to close on that day, acting quickly is essential to secure the lowest price and highest bonuses.

Buy DOGEBALL before 2nd May as one of the leading crypto presales to buy in 2026 nears close - 5

Conclusion: DOGEBALL presale opportunity closing fast with high roi potential

DOGEBALL has positioned itself as the best crypto presale to buy in 2026 by combining real utility, strong presale traction, and measurable growth potential. Its ability to deliver instant crypto-to-fiat payments and integrate gaming rewards creates a sustainable demand model.

With the DOGEBALL presale ending on 2nd May, this is a time-sensitive opportunity for investors looking to enter early. Strong fundraising, active competition, and clear ROI projections make this presale a compelling option before it transitions to its launch price.

For more information, visit the official website, Telegram, and X.

FAQs for best crypto presale to buy in 2026

1. What is the best crypto presale to buy in 2026?

DOGEBALL is the best crypto presale to buy in 2026 due to its real-world payment utility, strong presale growth, and high ROI potential between $0.0004 entry and $0.015 expected launch price.

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2. What crypto to buy early 2026?

DOGEBALL is a strong early 2026 choice because it enables instant crypto-to-fiat payments and gaming rewards, creating consistent demand while offering early investors significant upside through its presale pricing.

3. What is the new coin presale in 2026?

DOGEBALL is one of the most active crypto presales in 2026, raising over $230K with growing participation and offering investors a short, high-potential entry window before its expected launch price increase.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Sharplink doubles down on Ethereum staking

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Ethereum treasury firm Sharplink (NASDAQ: SBET) announced it received 459 ETH in staking rewards this week, bringing cumulative staking earnings to 18,309 ETH since launching its institutional-grade Ethereum (ETH) treasury platform. The Minneapolis-based company continues to stake 100% of its nearly 900,000 ETH holdings, generating steady yield through Ethereum’s proof-of-stake consensus mechanism.

Staking is the process by which participants lock up ETH to activate validator software that secures the Ethereum network by processing transactions and adding new blocks to the blockchain. In return for storing data and validating transactions, stakers earn newly issued ETH plus transaction fees, currently yielding between 3.5% and 4.2% APY depending on network activity and total ETH staked. Unlike Bitcoin’s proof-of-work model, Ethereum’s proof-of-stake assigns block proposal duties proportionally to staked collateral, requiring a minimum of 32 ETH to run a solo validator.

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Institutional Staking Momentum

Sharplink’s aggressive accumulation strategy has positioned it as the second-largest institutional ETH treasury after BitMine Immersion, with holdings valued at over $3 billion at current prices. Joseph Chalom, Sharplink’s Chief Executive Officer, stated during a recent earnings call, “We have successfully transformed into an institutional-grade Ethereum treasury platform. Our goal is straightforward: to responsibly enhance ETH per share and optimize our treasury’s productivity over time”.

The broader institutional staking landscape has matured significantly in 2026. Ethereum’s staking rate officially crossed the 30% threshold in February 2026, with over 36 million ETH now staked across the network, securing approximately $120 billion in value. BitMine controls roughly 11% of all staked ETH with approximately 4 million ETH staked, demonstrating enterprise confidence despite raising questions about decentralization.

In a groundbreaking development, 21Shares announced quarterly staking reward distributions for its spot Ethereum ETF (TETH) in 2026, marking the first time traditional ETF investors can capture validator rewards without directly operating infrastructure. JPMorgan further validated Ethereum’s security model by launching its MONY tokenized money market fund directly on Ethereum mainnet in February 2026, choosing Layer 1 for its security guarantees rather than a private blockchain or Layer 2 solution.

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Ethereum is currently trading around $2,305, down approximately 2.8% over the past 24 hours. Bitcoin (BTC) sits near $76,800, while liquid staking protocols like Lido and Rocket Pool continue dominating the retail staking market with combined market share exceeding 35%.

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Range-bound Bitcoin tests $80k wall as on-chain conviction builds

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Bitcoin’s drop from the $80k zone shows classic Fed‑week caution, with strong support near $75.5k, mixed on‑chain signals, and traders waiting on the FOMC decision.

Summary

  • Bitcoin’s 30% rebound from sub‑$60k stalled in the $78k–$80k supply zone, where options open interest, the 20‑week EMA, and heavy realized supply have formed a hard ceiling.
  • Support clusters around $75,500, aligning with key moving averages and a dense UTXO band where roughly 298,560 BTC were accumulated, creating a critical short‑term floor.
  • Glassnode data shows rising spot CVD and aggressive accumulation but falling volume and active addresses, underscoring a market that is bullish under the surface yet cautious into the FOMC meeting.

Bitcoin (BTC) dropped below $76,000 after encountering strong resistance around the $80,000 level, a key psychological threshold that has consistently limited upward momentum since late April. Uncertainty surrounding the Strait of Hormuz reopening and tightening macroeconomic conditions continue to weigh on sentiment, keeping traders locked in a narrow range as the FOMC meeting approaches.

Michael van de Poppe, founder of MN Capital, emphasized that the current retracement is “typical behavior” ahead of major monetary policy announcements. He added, “I believe we are still in a phase of strong market conditions,” suggesting the consolidation phase may give way to renewed strength once macro clarity emerges.

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Resistance and support zones

Bitcoin’s 30% recovery from its February 6 low below $60,000 stalled sharply when it reached the $78,000–$80,000 supply zone, which coincides with the 20-week exponential moving average (EMA). This concentration of selling pressure has proven formidable, reinforced by options market data showing 7,200 BTC in open interest at the $80,000 strike, coupled with positive gamma and low implied volatility.

On the downside, support is anchored at $75,500, a level that aligns with the 20-day EMA, 100-day EMA, and the lower boundary of an ascending channel. Glassnode’s UTXO Realized Price Distribution (URPD) data reveals direct resistance around $78,000, where investors hold 335,650 BTC, while approximately 298,560 BTC cluster at an average purchase price of $75,500, forming a critical support floor.

On-Chain signals show mixed picture

On-chain indicators paint a nuanced portrait of market dynamics. Glassnode data shows Bitcoin exhibiting “a coexistence of bullish momentum and cautious sentiment”. The spot Cumulative Volume Delta (CVD) surged nearly 200% over the past week, climbing from $18.3 million to $54.8 million, reflecting aggressive accumulation and strong conviction among market participants. However, spot trading volume declined 13.8%, dropping from $6.95 billion to $5.99 billion, signaling reduced overall activity despite the bullish CVD reading. Daily active addresses also fell by 1.6% during the same period, “indicating a reduction in market activity” and more subdued network participation.

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Bitcoin is currently trading around $76,800, down approximately 1.9% over the past 24 hours. Ethereum (ETH) sits near $2,315, while the broader crypto market cap stands at $2.62 trillion, down roughly 2% from the prior day.

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SoundHound AI (SOUN) Stock: Analysts Project 75% Gains Ahead of Q1 Earnings

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SOUN Stock Card

Key Takeaways

  • Q1 2026 earnings release scheduled for May 7; Wall Street projects revenue between $42.5M and $42.8M, marking approximately 46% annual growth
  • Shares have fallen roughly 18% in 2026 so far and plunged 66% since hitting December 2024 highs
  • Wall Street maintains Strong Buy rating with consensus price target of $14.00, indicating potential gains near 75%
  • Company announced acquisition of LivePerson, marking its most significant deal to date
  • 2026 revenue outlook set at $225M to $260M; pathway to profitability continues to dominate investor discussions

As SoundHound AI approaches its first-quarter 2026 financial results on May 7, investors and analysts are paying close attention. The company’s shares have struggled this year, declining approximately 18%, prompting questions about whether its expansion narrative can withstand current headwinds.


SOUN Stock Card
SoundHound AI, Inc., SOUN

Wall Street forecasters anticipate first-quarter revenue ranging from $42.5 million to $42.8 million, representing year-over-year expansion of about 46%. This projection follows an impressive fourth quarter performance that saw the company generate $55.1 million in revenue, climbing 59% compared to the prior year.

Looking at the complete fiscal year, management has established revenue guidance between $225 million and $260 million. This represents significant growth from the record $168.9 million achieved in 2025, which had already nearly doubled the $84.7 million reported during 2024.

Yet the stock price tells a different story. SOUN shares have tumbled approximately 66% from the December 2024 high of $22.17, currently changing hands near $8.02.

Wall Street Maintains Optimistic Outlook

Despite recent weakness, analyst sentiment remains firmly positive. TipRanks data shows SOUN holds a Strong Buy consensus, derived from five Buy recommendations and a single Hold rating issued over the last three months. The mean price target stands at $14.00, implying potential appreciation of approximately 74.5% from present trading levels.

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Following last week’s LivePerson acquisition announcement, D.A. Davidson’s Gil Luria maintained his Buy rating alongside a $14 price objective. He characterized the transaction as the company’s most substantial acquisition yet and suggested it holds promise for creating long-term shareholder value, while noting that execution and integration represent risks worth tracking.

Wedbush likewise preserved its Buy rating with a $12 target after reviewing the deal terms. The firm emphasized the data advantage—the merged entity would handle tens of billions of customer interactions each year, which Wedbush believes constitutes a significant competitive differentiator.

Valuation Metrics Under Scrutiny

The LivePerson transaction expands SoundHound’s existing technology suite, which encompasses solutions like Dynamic Drive-Thru, automotive Voice AI applications, and the Amelia 7 platform designed for creating customized AI agents.

Valuation metrics present a challenge for some market participants. SoundHound currently commands a price-to-sales multiple near 20, positioning it above most Magnificent Seven companies—with Nvidia being the notable exception. Using the midpoint of 2026 projections on a forward-looking basis, that multiple contracts to approximately 14.4.

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Path to Profitability Remains Unclear

Continued losses represent a persistent concern among stakeholders. The company recorded an adjusted net loss of $53.8 million during 2025, showing improvement from the $69.1 million deficit in 2024. While progress is evident, profitability remains elusive.

Analysts are modeling a loss per share of $0.10 for Q1 2026, representing substantial improvement versus the $0.31 loss recorded in the year-ago quarter.

SoundHound concluded 2025 with $248 million in cash reserves and zero debt obligations, providing financial flexibility as it executes growth initiatives.

When earnings arrive on May 7, market participants will scrutinize revenue performance, potential revisions to annual guidance, and management’s timeline for integrating LivePerson into operations.

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Opendoor (OPEN) Stock Analysis: Can This iBuyer Recover in 2026?

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OPEN Stock Card

Key Takeaways

  • Annual revenue for 2025 declined to $4.37B from $5.15B in the previous year
  • Full-year net loss reached $1.3B for 2025
  • Quarter-over-quarter home acquisitions surged 46%, signaling operational momentum
  • Analysts maintain a Reduce rating with a consensus price target of $4.48
  • Company aims for breakeven adjusted net income by late 2026

Opendoor has emerged as a focal point for investors tracking the residential real estate sector. The attention stems not from exceptional performance, but from its ongoing turnaround efforts amid challenging market conditions.


OPEN Stock Card
Opendoor Technologies Inc., OPEN

The company’s business model is straightforward. Opendoor acquires properties directly from homeowners, performs minor renovations, and resells them rapidly. Success requires access to cheap capital, predictable home valuations, and healthy transaction volumes. Currently, all three conditions remain elusive.

The 2025 fiscal year delivered $4.37 billion in revenue, representing a decline from the prior year’s $5.15 billion. Total homes sold reached 11,791, while acquisitions totaled just 8,241 properties. Year-end inventory stood at 2,867 homes valued at $925 million, a sharp contraction from 6,417 homes worth $2.16 billion twelve months earlier.

This represents a substantial downsizing. Leadership, however, positions this as strategic repositioning rather than distress.

CEO Kaz Nejatian has branded this transformation “Opendoor 2.0,” emphasizing improved profitability per transaction, accelerated inventory turnover, and enhanced consumer acquisition channels. The stated objective is achieving breakeven adjusted net income on a trailing twelve-month basis by year-end 2026.

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Operational Momentum Building

Some encouraging indicators have surfaced. Home acquisitions climbed 46% versus the previous quarter. Weekly purchase agreements increased more than fourfold between late Q3 2025 and the most recent reporting period.

Contribution margins have shown consecutive monthly improvement since September. Management projects exiting Q1 2026 with the strongest contribution margin performance since Q2 2024.

Nonetheless, Opendoor recorded a $1.3 billion net loss for 2025 and a $195 million adjusted net loss. Fourth-quarter adjusted EBITDA registered at -$43 million. Q1 2026 guidance calls for adjusted EBITDA losses in the low-to-mid $30 million range — directionally positive but still unprofitable.

Market Conditions Remain Challenging

Broader economic factors continue presenting obstacles. Mortgage rates hover around 6%, and March pending home sales declined 1.1% year-over-year according to Reuters data. While not completely stagnant, market activity remains insufficient to support transaction-dependent platforms like Opendoor.

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Reputational concerns also linger. In 2025, Opendoor settled a securities class action for $39 million related to allegations about its algorithmic pricing system. Though the company admitted no liability, the settlement underscores execution vulnerabilities inherent in automated valuation models.

Analyst sentiment remains cautious. Opendoor holds a Reduce consensus on MarketBeat, derived from 3 sell ratings, 3 hold ratings, and 1 buy rating across 7 tracked analysts. The mean 12-month price target of $4.48 trades below recent market levels.

Bottom Line

Opendoor has demonstrated tangible progress in inventory management and operational discipline. However, the company continues burning cash, remains vulnerable to interest rate fluctuations, and hasn’t validated its model during prolonged housing weakness. OPEN represents less of a traditional real estate investment and more of a leveraged bet on market normalization. The critical metric ahead is whether management delivers on its Q1 2026 EBITDA loss guidance — a test of execution that will determine credibility for the broader turnaround narrative.

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Ondo Partners with Broadridge to Bring Shareholder Voting to Tokenized Stocks

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Ondo Partners with Broadridge to Bring Shareholder Voting to Tokenized Stocks

The partnership lets holders of tokenized equity and ETFs participate in proxy voting and access other governance features.

Ondo Finance has teamed up with financial infrastructure giant Broadridge Financial Solutions to give holders of tokenized stocks and ETFs the ability to participate in on-chain proxy voting, according to a press release today, April 28.

The partnership enables holders of more than 250 Ondo tokenized stocks and ETFs to vote in shareholder events via a new platform built by Broadridge. Token holders will also gain access to prospectuses, regulatory filings, and other governance materials for the securities underlying their positions, according to the release.

Broadridge has integrated wallet authentication into its ProxyVote platform to allow investors to sign in and submit votes with a verifiable on-chain record, the release explains.

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Ondo president Ian De Bode said on X today hat token holders will be able to “connect their wallet and vote on any relevant shareholder event, just like you would when holding stocks in a brokerage account,” adding that “the lines between offchain and onchain investing continue to blur, with Ondo leading the way.”

The integration marks another step in Ondo’s push to make on-chain equities functionally equivalent to their traditional counterparts.

The protocol launched tokenized U.S. stocks on Ethereum last September, and has since added integrations with MetaMask, Trust Wallet, Felix Protocol on Hyperliquid, and others, as The Defiant has previously reported.

Broadridge is itself a dominant force in tokenized real-world assets. Its Distributed Ledger Repo (DLR) platform accounts for 100% of tokenized RWA value on the Canton Network, per RWAxyz data.

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Meanwhile, in December, tokenization platform Superstate launched direct on-chain stock issuance for Securities and Exchange Commission-registered public companies. As the The Defiant reported at the time, investors receive the newly issued on-chain shares in their own name, with the same voting rights as traditional stocks.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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Crypto Markets Shed $40 Billion in De-Risking Ahead of Powell’s Final FOMC Decision

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Crypto Market Cap As Bitcoin Falls Below $76,000.

Crypto prices declined Tuesday as traders cut exposure ahead of Federal Reserve Chair Jerome Powell’s final Federal Open Market Committee (FOMC) meeting. 

CME Group’s FedWatch tool shows a 100% probability of a hold at 3.50% to 3.75% on April 29, leaving Powell’s press conference as the primary focus for risk assets.

Crypto markets pull back as derisking takes hold

Bitcoin (BTC) fell to levels below $76,000, while the broader market capitalization slid 1.8% to $2.62 trillion, representing losses nearing $40 billion in the last 24 hours.

Crypto Market Cap As Bitcoin Falls Below $76,000.
Crypto Market Cap As Bitcoin Falls Below $76,000. Source: Coingecko

The pullback fits a pattern where Bitcoin and altcoins drift lower in the 24 hours before each Fed decision. Ether (ETH) lost almost 2%, XRP fell 2.2%, and BNB slipped 0.7%, per CoinGecko data.

The retreat tracks reduced positioning in leveraged perpetuals and an uptick in exchange inflows, both common signs of risk reduction before macro events.

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“Nearly 10K BTC hit exchanges in a single day while whale inflows made up over 70% of deposits. Tbh thats not random activity thats size moving with intent,” one analyst observed.

Headline inflation near 3.3% to 3.5%, driven by oil pressure from the Iran and Middle East conflict, has weakened the case for near-term cuts and reinforced the hawkish-hold expectation in CME Group’s data.

Interest Rate Probabilities Ahead of Powell's Final FOMC
Interest Rate Probabilities Ahead of Powell’s Final FOMC. Source: CME FedWatch Tool

“Feels like we are doing some derisking ahead of tomorrow. The real move BTC wants to make will happen later this week,” noted one user.

Final Powell Meeting Shifts Focus to Tone

This is widely viewed as Powell’s last appearance as Fed Chair before Kevin Warsh takes over in mid-May. CME data extends the hold forward, with a 100% probability of no change in tomorrow’s FOMC interest rate decision.

“Focus shifts to the FOMC meeting tomorrow. Rates likely unchanged, so eyes will shifts to Powell’s messaging. With inflation pressures tied to energy and global tensions still unresolved, there is a more complex trade-off between price stability and growth,” commented Federico, an executive at Phemex.

Treasury yields ticked higher, with the 10-year near 4.33% to 4.36%, while the dollar held firm on safe-haven flows. Volatility is expected to spike during Powell’s afternoon press conference.

What the next 24 hours could reveal is whether Powell signals openness to later cuts or doubles down on inflation vigilance, a tone that has historically shaped the following month of crypto positioning.

The post Crypto Markets Shed $40 Billion in De-Risking Ahead of Powell’s Final FOMC Decision appeared first on BeInCrypto.

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Japan Bitbank Launches Crypto-Linked Card That Settles Bills in Bitcoin

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Japan Bitbank Launches Crypto-Linked Card That Settles Bills in Bitcoin

Japan crypto exchange Bitbank has launched a crypto-linked credit card that allows users to pay their bills directly in Bitcoin, the first such product from a licensed Japanese exchange to combine traditional credit functionality with BTC settlement.

The move signals a meaningful shift in how Japan’s regulated crypto sector is approaching retail payment infrastructure.

The card offers 0.5% cashback in cryptocurrency on all spending, layering a rewards incentive on top of the settlement mechanic.

Bitcoin payments integration has never had a cleaner regulatory window in Japan than it does right now, and Bitbank is moving into that window ahead of competitors.

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Key Takeaways
  • Settlement currency: Bitcoin, paid directly from user’s Bitbank exchange account
  • Cashback rate: 0.5% in cryptocurrency on all card spending
  • Card type: Credit card, not prepaid or debit
  • Geographic scope: Japan, regulated under FSA licensing framework
  • Exchange background: Bitbank FSA-licensed since 2017, operating since 2014

Discover: The best crypto to diversify your portfolio with

How Bitbank’s Bitcoin Crypto Settlement Card Actually Works in Japan

The mechanics are straightforward, but the product structure deserves precision. Users hold a Bitbank credit card, make purchases via standard card rails, and settle the resulting bill in Bitcoin held in their Bitbank exchange account rather than Japanese yen.

The 0.5% cashback reward is paid in cryptocurrency, compounding the user’s crypto exposure with everyday spending.

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Bitbank, which received its Financial Services Agency license in 2017 and has operated as one of Japan’s foundational crypto exchanges since 2014, is rolling the product out domestically.

Source: Bitbank

The card targets Japanese retail users who already maintain BTC positions on the exchange and want to bring those holdings into day-to-day financial life without liquidating to fiat first.

This is not a prepaid card or a crypto debit product; it is a credit card with Bitcoin as the settlement currency, a distinction that matters for the payments architecture.

Japan’s 106th credit card company had already launched a crypto Visa prepaid card in September 2024, but Bitbank’s credit-first structure represents a separate and more integrated product category.

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Aave-Linked DeFi United Reveals rsETH Recovery Roadmap

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The recovery effort for rsETH, stalled by the April Kelp bridge incident that released 116,500 rsETH (roughly $293 million at the time) without a corresponding burn on Unichain, is moving into a formal technical phase. The DeFi United coalition, linked to Aave, published a plan to restore rsETH backing by converting committed ETH into rsETH in staged tranches and depositing the tokens into the bridge’s lockbox. This approach aims to resume normal bridge operations once the backing is fully restored. LayerZero and Kelp have also implemented additional security measures ahead of a full return to service, according to Aave.

Parallel to the backing restoration, DeFi United outlined steps to unwind attacker-linked positions across Aave and Compound to reclaim collateral and repair market distortions caused by the exploit. The coalition notes that seven addresses associated with the attacker still hold active rsETH-backed positions on Aave and Compound, representing about 107,000 rsETH of the original 116,500 rsETH released.

The broader context for rsETH recovery continues to unfold as the ecosystem coordinates funding, governance, and technical execution. Earlier coverage highlighted a broader pledge of ETH to restore rsETH backing, and the current plan builds on that momentum with a concrete, vote-dependent process.

The proposed sequence would temporarily adjust the rsETH oracle price to enable controlled liquidations, transfer recovered collateral to a DeFi United multisig, restore the oracle, redeem the rsETH for ETH, and use the resulting funds to clear deficits across affected markets. The recovery plan thus transitions from pledges and public commitments to a coordinated technical process that relies on governance approvals, temporary oracle changes, and execution across several DeFi protocols. While designed to restore rsETH backing, the plan remains contingent on DAO votes, finalized agreements, and the attacker not disrupting the liquidation steps.

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Source: Aave

Ethereum backers join the recovery effort

The technical plan follows earlier moves to secure funding and governance support for rsETH restoration. On Monday, Consensys and Ethereum co-founder Joe Lubin joined DeFi United with a commitment of up to 30,000 ETH to back the recovery, while Sharplink, a publicly traded Ethereum treasury company, joined in an advisory role to help structure the plan.

As part of the broader push, Aave Labs had asked the Arbitrum DAO to release 30,765 ETH that had been frozen by the Arbitrum Security Council following the exploit and redirect those funds to DeFi United. The goal is to accelerate the restoration of rsETH backing and stabilize affected markets.

Earlier coverage noted that crypto protocols pledged about 43,000 ETH to the rsETH relief effort, underscoring the ecosystem-wide appetite to address the aftermath of the breach.

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As of the latest update, DeFi United’s website shows roughly $302.26 million in total raised or committed toward the rsETH recovery, equivalent to about 132,706.903 ETH. Some commitments remain subject to DAO votes and final execution, reflecting the governance-intensive nature of the plan.

DeFi United secured over $300 million in commitments. Source: DeFi United

The initiative sits at the intersection of cross-chain security, governance, and rapid liquidity management. By moving toward a structured, multi-step restoration rather than relying solely on pledges, the effort aims to reduce the risk of a prolonged imbalance between rsETH and its backing assets while preserving user trust in the affected protocols.

What this means for users and markets

For rsETH holders and the broader DeFi ecosystem, the plan represents a carefully staged attempt to restore collateral behind a pegged asset that saw a rapid distribution of backings during the breach. If successful, the process could set a precedent for how multi-chain bridges and restaking ecosystems manage post-incident recoveries without triggering abrupt slippage or cascading liquidations. The reliance on governance votes underscores the ongoing tension between rapid response and community consent in DeFi crisis management.

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Investors and traders will want to watch the timeline for governance approvals, the pace of ETH-to-rsETH conversions, and the execution across Aave, Compound, and the implicated bridge components. The involvement of high-profile supporters—Consensys, Joe Lubin, and Sharplink—adds credibility to the plan, but the execution still hinges on attacker behavior and the stability of oracle adjustments during liquidations.

Next milestones to monitor

Key milestones include finalization of the governance process to authorize the tranche-based ETH-to-rsETH conversions, the operational deployment of the restored backing into the lockbox, and the restoration of oracle feeds to normal levels after backing is re-established. The plan also requires the attacker’s positions to be reliably unwound without triggering further market impairment, an outcome that hinges on coordinated liquidations and cross-protocol cooperation.

Additionally, continued updates on the Arbitrum DAO’s actions and any further commitments from ecosystem participants will shape the speed and reliability of the restoration. The evolving liquidity landscape as new funds are deployed and balances are reset will inform how quickly rsETH markets can regain normal functioning and reduce systemic risk across the DeFi stack involved in the recovery.

Readers should stay attentive to governance votes and official statements from DeFi United, Aave, and partner protocols as the plan progresses. The rsETH restoration is a multi-faceted effort that requires precise coordination across several entities, and the outcome will influence how similar crisis-response playbooks are interpreted in future cross-chain incidents.

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