Crypto World
MYX closes strategic funding round led by Consensys
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
MYX has completed and closed a strategic funding round led by Consensys ahead of its V2 launch.
Onchain derivatives protocol MYX has completed a strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures, ahead of the MYX V2 launch. With the closing of this round, Consensys has officially become the largest investor in MYX. The raise supports the rollout of MYX’s Modular Derivative Settlement Engine, marking the platform’s transition into core infrastructure for omnichain derivatives.
MYX V2 represents a structural shift in how onchain derivatives are built and settled. Rather than operating as a vertically integrated dapp, MYX now serves as a modular settlement layer that other products and platforms can build upon.
At the protocol level, MYX V2 integrates account abstraction via EIP-4337 and EIP-7702 alongside Chainlink’s latest permissionless oracle stack. Together, these components are designed to remove long-standing frictions in onchain trading including slow listings for long-tail assets as well as inefficient use of capital and complex transaction flows.
MYX V2 enables gasless, one-click trading while preserving non-custodial control and introduces a Dynamic Margin system that supports up to 50x leverage without relying on traditional order book depth. This architecture allows MYX to offer oracle-anchored pricing that eliminates slippage for large orders, significantly reducing execution risk for professional traders.
By decoupling liquidity depth from execution quality, MYX aims to eliminate the trade-off between access and execution that onchain perps traders deal with every day. MYX states that with this approach, traders no longer need to wait for deep order books, ladder into positions, or eat slippage when trading size, especially in new or volatile markets. Pricing is anchored directly to oracles rather than transient market depth, allowing positions to be opened and closed at predictable prices regardless of local liquidity conditions.
According to the team, the result is materially lower effective trading costs than underlying spot markets, immediate access to newly emerging assets, and consistent execution even during periods of market stress. These mechanics are not discretionary or market-maker dependent; they are enforced by deterministic economic models, robust margin systems, and conservative security assumptions designed to perform under real trading conditions.
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.
Crypto World
U.S. expansion, regulation-ready messaging, and AI upgrades are giving cloud mining a new narrative in 2026
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cloud mining narrative shifts toward AI infrastructure as platforms like NOW DeFi attract renewed investor interest.
Summary
- NOW DeFi introduces a simplified cloud mining model for hardware-free participation.
- NOW DeFi integrates AI optimization, automated processes, and data-center infrastructure to improve mining efficiency.
- The platform targets long-term crypto holders seeking additional income through accessible cloud mining services.
The narrative around crypto mining is shifting. Expansion into the U.S., stronger compliance messaging, and the integration of AI into mining infrastructure are pushing cloud mining platforms away from the old “high-return marketing” narrative toward one focused on infrastructure, automation, and accessibility.
For cryptocurrency investors, this shift is becoming increasingly relevant. While many participants previously relied on a buy-and-hold strategy, more investors are now asking whether digital assets can generate additional income opportunities beyond price appreciation.
Against this backdrop, NOW DeFi is gaining attention among investors. By combining AI optimization, automated operations, and infrastructure resources, the platform provides a simplified way to participate in mining and is helping bring cloud mining back into market discussions.
Cloud mining is moving from a “marketing narrative” to an “infrastructure narrative”
Cloud mining previously faced criticism due to aggressive marketing and exaggerated return claims. By 2026, however, industry competition is shifting toward infrastructure and operational capability.
Many platforms are now focusing on:
- Expansion into mature markets such as the United States
- Greater emphasis on compliance and transparency
- AI-driven hashpower optimization
- Integration with renewable energy and data-center infrastructure
This shift reflects a move from simply promoting returns to offering infrastructure access to mining participation.
Investors begin looking for a second path beyond holding
As the crypto market matures, investor behavior is evolving.
Long-term holding strategies for Bitcoin, Ethereum, and other digital assets remain common. At the same time, more investors are exploring ways to make their assets more productive, including participation in mining infrastructure as a potential income strategy.
Cloud mining is attracting attention because it lowers the technical and hardware barriers traditionally associated with mining.
Traditional mining still has high barriers
For most individual investors, traditional mining remains costly and complex. Hardware purchases, electricity expenses, and operational management make direct participation difficult.
Cloud mining platforms offer a simpler alternative. By accessing mining infrastructure through cloud-based hashpower services, users can participate without purchasing or managing equipment, making it a practical option for those seeking opportunities beyond holding assets.
NOW DeFi: Lowering the barrier through AI and infrastructure
Within this evolving landscape, NOW DeFi aims to redefine cloud mining participation through a simplified model.
The platform provides cloud-based hashpower services that allow users to engage in mining without operating hardware. NOW DeFi emphasizes efficiency, automation, and accessibility.
Key features include:
- AI-based optimization systems that improve mining efficiency
- Integration with data-center and energy infrastructure
- Automated processes designed for new users
- A simplified interface for monitoring mining activity
This approach is suited for long-term digital asset holders seeking additional income strategies as well as investors interested in mining without managing hardware.
From idle holding to active participation
For many investors, digital assets often remain idle in wallets or exchange accounts, relying mainly on market price movements.
As the market evolves, more investors are considering whether allocating part of their assets to infrastructure-based activities such as mining could provide additional flexibility and potential income.
In this context, NOW DeFi aims to offer an accessible way for users to explore cloud mining and determine how it fits into their digital asset strategies.
How to get started with NOW DeFi
For users interested in cloud mining, NOW DeFi offers a simple onboarding process:
Step 1: Create an account
Visit the nowdefi.com platform and complete the registration process.
Step 2: Choose a suitable mining plan
Select a hashpower plan based on preferred duration and budget.
Step 3: Start and monitor operations
Once activated, mining runs automatically, and users can track activity through the platform dashboard.
This streamlined process allows even users without mining experience to access the cloud mining ecosystem.
In 2026, cloud mining is about accessibility
From an industry perspective, the key shift in 2026 is that successful platforms are no longer defined only by promised returns. Investors increasingly evaluate infrastructure capability, transparency, technological development, and global expansion strategies.
Platforms gaining attention are those able to answer several questions:
- Why is now the right time to participate?
- What can investors do beyond holding assets?
- Is participation simple and accessible?
- Are the platform’s operations reliable and transparent?
In this evolving narrative, NOW DeFi seeks to address these questions through AI optimization, infrastructure integration, and simplified participation.
About NOW DeFi
NOW DeFi is a digital asset technology platform focused on cloud mining services. By integrating AI optimization, automated operations, and infrastructure resources, the platform aims to provide a transparent and accessible way to participate in cryptocurrency mining.
Users can register by visiting the NOW DeFi official website or downloading the mobile application. After registration, new users can receive the platform’s free hashpower reward, allowing them to participate in cloud mining without purchasing mining hardware.
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.
Crypto World
CZ slams Etherscan over address poisoning spam
CZ goes after Etherscan for displaying spam transactions from address poisoning scams, stating block explorers should filter out the malicious transfers completely.
Summary
- CZ says block explorers should filter address-poisoning spam.
- A user received 89 poisoning alerts in 30 minutes after two transfers.
- Attackers use lookalike addresses and zero-value transfers to trick users.
The former Binance CEO posted on X that TrustWallet already implements this filtering, while Etherscan continues showing zero-value poisoning transactions that flood user wallets.
The criticism follows an incident where a user identified as Nima received 89 address-poisoning emails in under 30 minutes after making just two stablecoin transfers on Ethereum.
Etherscan issued a warning about the attack, which aims to trick users into copying lookalike addresses from transaction history when sending funds.
“So many will fall victim to this,” Nima warned after the automated attack campaign targeted his wallet.
CZ goes after Etherscan for displaying spam transactions
Xeift clarified that Etherscan hides zero-value transfers by default, but BscScan and Basescan require users to click a “hide 0 amount tx” button explicitly to remove address poisoning attack transactions.
The difference in default settings leaves some users exposed to viewing spam that could lead to sending funds to attacker-controlled addresses.
CZ noted the filtering may affect micro transactions between AI agents in the future, suggesting AI could be used to distinguish legitimate zero-value transfers from spam.
Dr. Favezy pointed out that swaps create additional risks beyond address poisoning. A swap from the 0x98 wallet that turned $50 million into $36,000 yesterday raised concerns about routing and liquidity source selection.
“I really hope AI agents will be able to route through the right routers and best liquidity sources to avoid situations like this,” Favezy wrote.
Address poisoning floods wallets with lookalike addresses
The attack works by initiating zero-value token transfers using the transferFrom function. Attackers send 0-value tokens to create transfer events that appear in victim transaction histories. Every address defaults to 0 value approval, allowing the event emission.
Attackers then combine this with address spoofing to increase the likelihood victims copy the wrong transfer address.
The spoofed addresses match the first and last characters of legitimate addresses.
Nima’s case shows the scale these attacks can reach, with 89 poisoning attempts in 30 minutes from just two legitimate transfers. The automated nature means attackers can target thousands of addresses simultaneously whenever they detect stablecoin or token movements on-chain.
Crypto World
F1’s Multi-Million Crypto Sponsorships at Risk as Middle East Conflict Forces Race Cancellations: FIA
Two Formula One races in the Middle East face cancellation due to ongoing regional conflict, threatening major cryptocurrency sponsorship deals with F1 teams.
Two Formula One races in the Middle East are set to be canceled because of ongoing war in the region, according to multiple reports. The FIA is maintaining contact with local authorities as it evaluates the situation regarding upcoming F1 races in Bahrain and Saudi Arabia.
The cancellations threaten crypto’s multi-million dollar F1 sponsorship investments. Other major business events across the UAE, including Middle East Energy Dubai and the Dubai International Boat Show, have also been postponed or delayed. This comes as crypto brands already face headwinds on F1 vehicles, with the sector reeling from high-profile collapses like FTX, which sponsored Mercedes AMG F1.
Sources: CoinDesk | Yahoo Sports | Road and Track
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
Crypto World
Hoskinson might be wrong about the future of decentralized compute
The blockchain trilemma reared its head once more at Consensus in Hong Kong in February, to some extent, putting Charles Hoskinson, the founder of Cardano, on the back foot – having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure are not a risk to decentralisation.
The point was made that major blockchain projects need hyperscalers, and that one shouldn’t be concerned about a single point of failure because:
- Advanced cryptography neutralizes the risk
- Multi-party computation distributes key material
- Confidential computing shields data in use
The argument rested on the idea that ‘if the cloud cannot see the data, the cloud cannot control the system,’ and it was left there due to time constraints.
But there’s an alternative to Hoskinson’s argument in favor of hyperscalers that deserves more attention.
MPC and Confidential Computing Reduce Exposure
This was somewhat of a strategic bastion in Charles’ argument – that technologies like multi-party computation (MPC) and confidential computing ensure that hardware providers wouldn’t have access to the underlying data.
They are powerful tools. But they do not dissolve the underlying risk.
MPC distributes key material across multiple parties so that no single participant can reconstruct a secret. That meaningfully reduces the risk of a single compromised node. However, the security surface expands in other directions. The coordination layer, the communication channels and the governance of participating nodes all become critical.
Instead of trusting a single key holder, the system now depends on a distributed set of actors behaving correctly and on the protocol being implemented correctly. The single point of failure does not disappear. In fact, it simply becomes a distributed trust surface.
Confidential computing, particularly trusted execution environments, introduces a different trade-off. Data is encrypted during execution, which limits exposure to the hosting provider.
But Trusted Execution Environments (TEEs) rely on hardware assumptions. They depend on microarchitectural isolation, firmware integrity and correct implementation. Academic literature, for example, here and here, has repeatedly demonstrated that side-channel and architectural vulnerabilities continue to emerge across enclave technologies. The security boundary is narrower than traditional cloud, but it is not absolute.
More importantly, both MPC and TEEs often operate on top of hyperscaler infrastructure. The physical hardware, virtualization layer and supply chain remain concentrated. If an infrastructure provider controls access to machines, bandwidth or geographic regions, it retains operational leverage. Cryptography may prevent data inspection, but it does not prevent throughput restrictions, shutdowns, or policy interventions.
Advanced cryptographic tools make specific attacks harder, but they still do not remove infrastructure-level failure risk. They simply replace a visible concentration with a more complex one.
The ‘No L1 Can Handle Global Compute’ Argument
Hoskinson made the point that hyperscalers are necessary because no single Layer 1 can handle the computational demands of global systems, referencing the trillions of dollars that have helped to build such data centres.
Of course, Layer 1 networks were not built to run AI training loops, high-frequency trading engines, or enterprise analytics pipelines. They exist to maintain consensus, verify state transitions and provide durable data availability.
He is correct on what Layer 1 is for. But global systems mainly need results that anyone can verify, even if the computation happens elsewhere.
In modern crypto infrastructure, heavy computation increasingly happens off-chain. What matters is that results can be proven and verified onchain. This is the foundation of rollups, zero-knowledge systems and verifiable compute networks.
Focusing on whether an L1 can run global compute misses the core issue of who controls the execution and storage infrastructure behind verification.
If computation happens offchain but relies on centralized infrastructure, the system inherits centralized failure modes. Settlement remains decentralized in theory, but the pathway to producing valid state transitions is concentrated in practice.
The issue should be about dependency at the infrastructure layer, not computational capacity inside Layer 1.
Cryptographic Neutrality Is Not the Same as Participation Neutrality
Cryptographic neutrality is a powerful idea and something Hoskinson used in his argument. It means rules cannot be arbitrarily changed, hidden backdoors cannot be introduced and the protocol remains fair.
But cryptography runs on hardware.
That physical layer determines who can participate, who can afford to do so and who ends up excluded, because throughput and latency are ultimately constrained by real machines and the infrastructure they run on. If hardware production, distribution, and hosting remain centralized, participation becomes economically gated even when the protocol itself is mathematically neutral.
In high-compute systems, hardware is the game-changer. It determines cost structure, who can scale, and resilience under censorship pressure. A neutral protocol running on concentrated infrastructure is neutral in theory but constrained in practice.
The priority should shift toward cryptography combined with diversified hardware ownership.
Without infrastructure diversity, neutrality becomes fragile under stress. If a small set of providers can rate-limit workloads, restrict regions, or impose compliance gates, the system inherits their leverage. Rule fairness alone does not guarantee participation fairness.
Specialization Beats Generalization in Compute Markets
Competing with AWS is often framed as a question of scale, but this too is misleading.
Hyperscalers optimize for flexibility. Their infrastructure is designed to serve thousands of workloads simultaneously. Virtualization layers, orchestration systems, enterprise compliance tooling and elasticity guarantees – these features are strengths for general-purpose compute, but they are also cost layers.
Zero-knowledge proving and verifiable compute are deterministic, compute-dense, memory-bandwidth constrained, and pipeline-sensitive. In other words, they reward specialization.
A purpose-built proving network competes on proof per dollar, proof per watt and proof per latency. When hardware, prover software, circuit design, and aggregation logic are vertically integrated, efficiency compounds. Removing unnecessary abstraction layers reduces overhead. Sustained throughput on persistent clusters outperforms elastic scaling for narrow, constant workloads.
In compute markets, specialization consistently outperforms generalization for steady, high-volume tasks. AWS optimizes for optionality. A dedicated proving network optimizes for one class of work.
The economic structure differs as well. Hyperscalers’ price for enterprise margins and broad demand variability. A network aligned around protocol incentives can amortize hardware differently and tune performance around sustained utilization rather than short-term rental models.
The competition becomes about structural efficiency for a defined workload.
Use Hyperscalers, But Do Not Be Dependent on Them
Hyperscalers are not the enemy. They are efficient, reliable, and globally distributed infrastructure providers. The problem is dependence.
A resilient architecture uses major vendors for burst capacity, geographic redundancy, and edge distribution, but it does not anchor core functions to a single provider or a small cluster of providers.
Settlement, final verification and the availability of critical artifacts should remain intact even if a cloud region fails, a vendor exits a market, or policy constraints tighten.
This is where decentralized storage and compute infrastructure become a viable alternative. Proof artifacts, historical records and verification inputs should not be withdrawable at a provider’s discretion. Instead, they should live on infrastructure that is economically aligned with the protocol and structurally difficult to turn off.
Hypescalers should be used as an optional accelerator rather than something foundational to the product. Cloud can still be useful for reach and bursts, but the system’s ability to produce proofs and persist what verification depends on is not gated by a single vendor.
In such a system, if a hyperscaler disappears tomorrow, the network would only slow down, because the parts that matter most are owned and operated by a broader network rather than rented from a big-brand chokepoint.
This is how to fortify crypto’s ethos of decentralization.
Crypto World
IOTA Tests Securitization Infrastructure That Could Reshape Real-World Asset Finance on Blockchain
TLDR:
- IOTA’s code reveals a three-tier securitization model mirroring traditional structured finance architecture.
- The infrastructure could support invoice factoring, SME lending, and energy project financing on-chain.
- Analysts link the testing to SALUS and ADAPT platforms operating within the AfCFTA trade framework.
- No IOTA Foundation statement confirms the purpose, but the architecture suits digital capital markets.
IOTA is currently testing a full securitization infrastructure on its blockchain, based on early code analysis. The architecture mirrors traditional structured finance models, dividing pooled assets into senior, mezzanine, and junior tranches.
This points toward a broader financial layer being constructed on the IOTA network. Community observers are connecting this work to platforms like SALUS, ADAPT, and TWIN. All three platforms operate within the African Continental Free Trade Area framework.
IOTA Code Points to a Foundational Structured Finance Layer
Securitization involves pooling real assets, like loans or invoices, and converting them into tradeable instruments. On IOTA, the code being tested applies this same principle across the network.
This structure points to a foundational layer for managing and structuring real-world assets on-chain.
The architecture reflects the three-tier model widely used in traditional structured finance. Senior tranches carry the lowest risk and hold first priority on repayment.
Mezzanine tranches occupy the middle ground, balancing risk and return. Junior tranches carry the highest risk but offer the greatest potential return.
Community analyst Salima flagged this on X, noting the architecture fits platforms like SALUS and ADAPT. She pointed out that the code does not appear to be a standalone product.
Rather, it resembles the base layer for managing digital real-world assets at scale. Any direct link to AfCFTA trade platforms remains unconfirmed at this stage.
What stands out is that this process could run entirely on IOTA without external financial rails. No third-party intermediaries or legacy systems would be required.
Portfolios of real-world assets could become programmable digital financial structures on-chain. Investors could then participate based on their individual risk profiles.
Trade Finance to Capital Markets: IOTA’s Potential Use Cases
The infrastructure on IOTA could support several practical financial applications. Invoice factoring and trade finance are among the most immediate potential use cases.
SME lending and productive financing also fit within this securitization model. Equipment leasing and energy projects are additional sectors where this architecture could apply.
Digital capital markets for real-world assets represent a wider area of interest. Tokenized portfolios could open participation to a broader global investor base.
This removes the geographic barriers that traditionally limit access to structured finance. IOTA’s feeless and scalable design makes it technically suited for this type of infrastructure.
The timing of these tests aligns with growing global interest in real-world asset tokenization. Traditional finance is increasingly exploring blockchain alternatives to legacy securitization models.
If IOTA’s architecture develops further, it could serve as a foundational layer for this shift. No official statement has come from the IOTA Foundation as of this writing.
As the code evolves, observers are watching for further technical developments and announcements. The current architecture does not confirm any specific platform or official partnership.
What is clear is that IOTA is building technical groundwork for real-world asset finance. The full scope and intent of this infrastructure is yet to be publicly confirmed.
Crypto World
Ethereum Foundation sells 5,000 ether to BitMine in $10.2 million OTC deal
The Ethereum Foundation (EF) said it finalized the sale of 5,000 ether (ETH) in an over-the-counter transaction with one of the top crypto treasury firm Bitmine Immersion Technologies.
The sale cleared at an average price of $2,042.96 per ETH, the Foundation said, placing the transaction’s value at roughly $10.2 million.
The non-profit organization, established in 2014 to support the Ethereum blockchain and its ecosystem, said the funds will support its core operations, including protocol research and development, ecosystem growth, and community grants.
The transactions, it said, are in line with the policy that governs its reserve management. The framework aims to strike a balance between holding ETH and maintaining sufficient fiat or fiat-like assets to cover operating costs. EF currently aims to keep annual operating expenses near 15% of treasury value with a 2.5-year operating buffer, a strategy that determines how often it sells ETH.
The sale comes less than a month after the Ethereum Foundation began staking up to 70,000 ETH to support its operations and deepen its role in the Ethereum ecosystem.
Bitmine, helmed by Fundstrat’s Tom Lee, was the counterparty in the deal and is the largest publicly traded ether treasury firm, currently holding around 4.53 million ETH, worth more than $9.4 billion.
The firm’s portfolio is almost entirely ether. The company also holds around 195 BTC and more than $1 billion in cash, along with equity stakes. These stakes also include a share of Beast Industries, the company behind YouTube creator MrBeast, after a $200 million investment in it, along with a 7% stake in the worldcoin treasury firm Eightco.
Read more: ‘Mini crypto winter’ nearly over, says Tom Lee as Bitmine ramps up pace of ether acquisition
Crypto World
Former UK PM Johnson Calls BTC a Scam, Draws Criticism From Bitcoiners
Boris Johnson, the former prime minister of the United Kingdom, called Bitcoin (BTC) a “Ponzi Scheme” that has less value than Pokémon cards, collectibles he said had a wide appeal and a multi-decade history.
Johnson wrote an opinion article published in the Daily Mail on Friday that began with a story about a friend who had given 500 British pounds, or about $661, to a man who promised to “double his money” by investing it in BTC.
The friend continued to pay additional “fees” to the scheme’s promoter over the next three and a half years, but was never able to retrieve his funds, despite sinking 20,000 British pounds, or about $26,474, which led to financial hardship, Johnson said.

“He was struggling to pay his bills. He wasn’t the only one, said my friend. Other people in the neighborhood were going through the same nightmare,” Johnson added. Johnson then argued that collectible Pokémon cards are a more tradable asset than BTC:
“These curious little Japanese cartoon beasties seem to exercise the same fascination over the five-year-old mind as they did 30 years ago. The kids drool over them. They boast and squabble about them.
Even if you remain pretty impervious to the charm of Pikachu, you can just about see why a decades-old Pikachu card is still a tradeable asset,” he added.
The opinion article drew a wave of online criticism from the Bitcoin community and crypto industry executives, who refuted it by explaining Bitcoin’s fundamental properties and arguing that debt-based fiat currency systems are Ponzi schemes.
Related: Bitcoiners celebrate as the network produces its 20 millionth coin
Bitcoiners educate and ridicule Johnson for his take
“Bitcoin is not a Ponzi scheme. A Ponzi requires a central operator promising returns and paying early investors with funds from later ones,” Strategy co-founder Michael Saylor said in response.
“Bitcoin has no issuer, no promoter, and no guaranteed return, just an open, decentralized monetary network driven by code and market demand,” Saylor continued.

Pierre Rochard, CEO of The Bitcoin Bond Company, a BTC-backed financial product issuer, said that the UK is a “giant Ponzi scheme” financed by debt.
Magazine: Bitcoin’s ‘narrative vacuum,’ Ethereum now inevitable: Trade Secrets
Crypto World
BTC Wobbles at $70K as France Deploys Ships to Hormuz and Trump Rejects Peace Deal Attempt (Report)
Meanwhile, Russia reportedly became the first country to send aid to Iran since the war began.
Bitcoin’s price moves continue to be quite muted despite the most recent developments on the rapidly increasing Middle East tension. After today’s big strikes against a key Iranian island, Trump urged numerous countries to send military ships to defend the oil export through the Strait of Hormuz, and France was among the first to respond positively.
At the same time, Oman officials said they tried to broker a peace deal between the US and Iran, but to no avail.
France Sends Ships
CryptoPotato reported earlier on Saturday that the US military carried out a targeted operation against Iran’s Kharg Island, which the POTUS described as “the most powerful bombing raids in Middle East history.” However, he added that the US intentionally did not attack any oil infrastructure but threatened to do so if Iran interferes in any way with the free and safe passage of ships through the Strait of Hormuz.
Hours later, Trump urged other countries, including China, France, Japan, South Korea, and the UK, to send “Warships” to the region to ensure the Strait remains open and safe. Reports from minutes ago suggested that France concurred with the US President’s message, sending 10 warships to the region. However, the UK has refused to deploy any military aircraft carriers as of press time.
In a separate development on the matter, The Kobeissi Letter reported that Russia has become the first nation to aid Iran in some official way after the war began, sending 13 tons of medical aid.
No Peace Deal Yet
Another report that just came out indicated that officials from Oman have “reached out to the US in an attempt to broker a peace deal with Iran,” but the US President declined.
Some of the details on the matter suggest that Oman has tried “multiple times” to open a line of communication, but the White House was “not interested.” According to a cited senior official from the Trump administration, the President is “focused on pressing ahead with the war.”
You may also like:
BREAKING: Oman has reached out to the US in an attempt to broker a peace deal with Iran, but President Trump declined, per Reuters.
Details include:
1. Oman has tried “multiple times” to open a line of communication, but the White House is “not interested”
2. A senior White…
— The Kobeissi Letter (@KobeissiLetter) March 14, 2026
Bitcoin’s price continues to be unaffected by these developments, trading above $70,000 as of press time. However, the asset has historically dumped after most financial markets open on late Sunday and early Monday.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Crypto World
Iran war cancels crypto events and hits multi-million dollar Formula 1 partnerships
The ongoing war in the Middle East hasn’t just disrupted the flow through the Strait of Hormuz, but it has also hit a plethora of high-profile business events in the region, including major crypto conferences.
TOKEN2049 Dubai, one of the largest crypto conferences in the world, will not take place this year. Organizers said the event, originally scheduled for late April, has been postponed to April 21–22, 2027, due to ongoing uncertainty in the region.
The conference typically attracts more than 15,000 attendees, including founders, venture investors, developers and exchange executives.
Organizers said concerns around safety, international travel and logistics played a central role in the decision. Tickets and registrations will remain valid for next year’s event.
And this is just one of the crypto events.
TON Gateway Dubai, another crypto gathering, has been canceled outright. The event focused on The Open Network ecosystem and was expected to bring developers and partners working on the TON blockchain together in early May. The team behind the event said it scrapped the in-person conference due to heightened security risks in the region, and that those who purchased tickets received full refunds.
The impact has also reached global sports. The Bahrain Grand Prix scheduled for April 12 and the Saudi Arabian Grand Prix on April 19 are set to be canceled due to safety risks tied to the conflict, including nearby military strikes, disrupted airspace and travel complications for teams and staff.
Formula 1 and the FIA are expected to formally confirm the decision over the weekend.
Later Middle East races are still scheduled for now, including the Qatar Grand Prix and the season-ending Abu Dhabi Grand Prix in December. However, organizers are closely monitoring the regional security situation as travel and logistics remain uncertain across the Gulf.
The disruptions extend beyond crypto and motorsport. Several major business events in the UAE have also shifted dates. Middle East Energy Dubai, a large trade show that usually draws tens of thousands of attendees, has been moved to September. Affiliate World Global postponed its Dubai edition to 2027, while the Dubai International Boat Show has delayed its next event without announcing new dates.
Some sporting events across the region have also been postponed, including tennis tournaments in the UAE and football matches tied to Asian competitions.
Crypto industry impact
The Formula 1 cancellations carry additional implications for the cryptocurrency industry, which has become one of the sport’s largest sponsor categories.
Exchanges and blockchain companies have spent tens to hundreds of millions of dollars on F1 partnerships to reach a global audience and target fast-growing markets in the Middle East.
Cryptocurrency exchange OKX, which was recently valued at $25 billion, has been a primary partner of McLaren since 2022. It maintains prominent branding across the team’s cars, driver suits and trackside activations.
Crypto.com serves as a global Formula 1 partner through 2030, while exchanges such as Bybit have previously signed deals worth up to $150 million with top teams like Red Bull Racing. Kraken, Coinbase and Binance are also sponsors of motorsports that may be affected.
OKX and Crypto.com didn’t immediately reply to the request for comments.
When a sponsored team reaches the podium, logos appear during televised ceremonies, interviews and trophy presentations, moments watched by a global audience of more than a billion viewers each year.
For Dubai-based and regional exchanges, the Bahrain and Saudi races were especially valuable because they connect global broadcasts with a local audience in the Gulf, one of the world’s most active crypto markets.
The hit carries weight because of Dubai’s role in the global crypto industry. Over the past few years, the emirate has positioned itself as one of the world’s most active crypto hubs.
A tax-friendly environment and the creation of the Virtual Assets Regulatory Authority, an independent regulator for the sector, helped attract exchanges, venture funds and startup teams seeking clearer rules than those found in many other jurisdictions.
Companies, including Binance, have built large operational footprints in the city, turning Dubai into a central meeting point for the global Web3 sector.
Crypto World
Coinbase and Bybit in Investment Talks: Could Bybit Finally Enter the US Crypto Market?
TLDR:
- Coinbase and Bybit are in early-stage investment talks, with no official confirmation from either party yet.
- Bybit’s valuation is estimated at around $25 billion, mirroring ICE’s recent investment deal with OKX.
- The partnership could give Dubai-based Bybit a fully regulated entry point into the US crypto market.
- COIN stock rose 1.18% on the news, gaining nearly 20% over the past month amid rising investor confidence.
Coinbase and Bybit are reportedly in discussions for a major investment deal. The potential partnership could give Dubai-based Bybit a regulated path into the US crypto market.
Three sources confirmed the talks to WuBlockchain, although neither party has officially commented. No final outcome has been reached as of now.
Reports indicate Bybit’s valuation could reach around $25 billion, based on a comparable deal involving OKX and ICE. The deal could also expand Coinbase’s global reach if confirmed.
Coinbase-Bybit Deal Could Open US Market to Offshore Exchange
The current discussions between Coinbase and Bybit cover a broad range of possible cooperation. This includes potential investment and other forms of formal collaboration between the two exchanges. However, the talks remain exploratory, and no binding agreement has been reached yet.
Bybit is the world’s second-largest offshore crypto exchange, headquartered in Dubai. The platform serves a large global user base and offers a wide range of trading products. Gaining a regulated foothold in the US market has been a strategic priority for the exchange.
Coinbase, as the largest US-based crypto exchange, brings deep regulatory experience to the table. Experts say its background in licensing, reporting, and customer protection could benefit Bybit considerably.
Through this partnership, Bybit could navigate US compliance requirements far more effectively. Coinbase’s strong track record with US regulators adds credibility that Bybit would need in the market.
The deal also mirrors other recent strategic moves in the crypto sector. ICE recently invested in offshore exchange OKX at a valuation of $25 billion.
Additionally, Coinbase acquired Deribit last year in a $2.9 billion transaction, reflecting a pattern of expansion through strategic deals.
Industry Response and Market Reaction to the Coinbase-Bybit Reports
Social media has seen a wave of speculation since WuBlockchain first reported the story. On X, OKX founder Star Xu shared his reaction to the reports, stating: “If it’s true, good for the industry. Higher standards, less regulatory arbitrage.” His comment reflects a broader positive sentiment toward regulated collaboration in the crypto space.
Experts note that a successful Coinbase-Bybit deal could benefit both parties in distinct ways. For Coinbase, it offers an expanded global reach and a stronger international presence.
For Bybit, the deal opens a structured and compliant entry into the US market. The partnership could also position both companies more competitively in an evolving global landscape.
The COIN stock price responded positively to the emerging reports. Shares closed at $195.53, recording a 1.18% gain in a single trading day. Over the past month, the stock has risen nearly 20%, pointing to growing investor confidence around Coinbase’s strategic direction.
The talks remain in their early stages, and no official timeline has been confirmed. Both Coinbase and Bybit have yet to release any public statement on the matter. The industry continues to watch closely for further developments as speculation around the deal grows.
-
Tech3 days agoA 1,300-Pound NASA Spacecraft To Re-Enter Earth’s Atmosphere
-
News Videos5 days ago10th Algebra | Financial Planning | Question Bank Solution | Board Exam 2026
-
Crypto World15 hours agoHYPE Token Enters Net Deflation as HyperCore Buybacks Outpace Staking Rewards
-
Business4 days agoExxonMobil seeks to move corporate registration from New Jersey to Texas
-
Crypto World5 days agoParadigm, a16z, Winklevoss Capital, Balaji Srinivasan among investors in ZODL
-
Fashion1 day agoWeekend Open Thread: Addict Lip Glow
-
Tech4 days agoChatGPT will now generate interactive visuals to help you with math and science concepts
-
Sports4 hours ago
Why Duke and Michigan Are Dead Even Entering Selection Sunday
-
Sports7 days agoThree share 2-shot lead entering final round in Hong Kong
-
Sports7 days agoBraveheart Lakshya downs Lai in epic battle to enter All England Open final | Other Sports News
-
NewsBeat3 days agoResidents reaction as Shildon murder probe enters second day
-
Business6 days agoSearch for Nancy Guthrie Enters 37th Day as FBI Probes Wi-Fi Jammer Theory
-
Business3 days agoSearch Enters Sixth Week With New Leads in Tucson Abduction Case
-
NewsBeat5 days agoPagazzi Lighting enters administration as 70 jobs lost and 11 stores close across Scotland
-
Tech5 days agoDespite challenges, Ireland sixth in EU for board gender diversity
-
Business6 hours agoUS Airports Launch Donation Drives for Unpaid TSA Workers as Partial Government Shutdown Enters Fifth Week
-
NewsBeat3 days agoI Entered The Manosphere. Nothing Could Prepare Me For What I Found.
-
Business5 days agoSearch Enters 39th Day with FBI Tip Line Developments and No Major Breakthroughs
-
Crypto World1 hour agoCoinbase and Bybit in Investment Talks: Could Bybit Finally Enter the US Crypto Market?
-
Sports5 days agoSkateboarding World Championships: Britain’s Sky Brown wins park gold

