Key Takeaways

• Tesla’s first Semi truck emerged from its mass production facility on Wednesday
• The automaker aims to produce 50,000 Semi trucks annually; the combined U.S. and European market totals approximately 500,000 units
• Electric powertrains in the Semi could slash fuel expenses by 40–70% compared to diesel, with crude oil trading around $116/barrel
• TSLA shares climbed a modest 0.2% in premarket trading to $373.48 — market attention stays locked on autonomous technology and robotaxis
• The stock has declined 17% year-to-date in 2026 while posting a 28% gain over the trailing twelve months

---

Tesla achieved a significant manufacturing benchmark on Wednesday, yet market participants showed minimal enthusiasm.

The automaker’s first Semi truck completed its journey through the company’s mass production assembly line. This achievement represents the culmination of years of development — the electric vehicle maker originally revealed the Semi concept in 2017.

Shares registered a mere 0.2% increase during premarket sessions, touching $373.48. The tepid response reveals exactly where market focus currently lies.

Tesla, Inc., TSLA

The company acknowledged the development through a post on X, keeping the message brief: “First Semi off high volume line.” No fanfare, just facts.

The Semi represents Tesla’s entry into commercial freight transportation with a fully electric platform. The extended-range variant delivers up to 500 miles per charge, though actual performance varies based on charging station availability throughout the route.

The anticipated price point hovers around $290,000 — representing a premium over conventional diesel alternatives, though the gap narrows when operational expenses enter the calculation.

Rising Crude Prices Amplify Economic Benefits

This is precisely where Tesla’s value proposition strengthens. Traditional diesel operators typically allocate roughly $100,000 annually for fuel expenditures. Transitioning to electric power could reduce those costs by 40% to 70%, contingent on regional electricity rates.

With crude oil trading near $116 per barrel — substantially higher than the $70 range before tensions escalated in Iran — the economic argument for electrification becomes more compelling. Diesel costs continue climbing.

Bernstein’s Harry Martin observed that elevated oil prices “dramatically improves relative total cost of ownership and may drive incremental demand,” while acknowledging important qualifiers: charging network development and regional electricity pricing remain critical variables.

The company’s production objective stands at 50,000 Semi units annually. To put that in perspective, U.S. and European markets combined move roughly 500,000 semi-trucks each year, suggesting substantial growth potential — assuming infrastructure development keeps pace.

Manufacturing operations are geographically distributed: Cybercab production occurs in Texas, while Semi assembly takes place in Nevada.

Market Attention Remains on Autonomous Technology and Robotics

The stock’s subdued response to this production milestone speaks volumes. Tesla has transformed into an artificial intelligence and autonomy play in investors’ minds, and the Semi doesn’t advance that narrative.

Market participants are hungry for robotaxi developments and Optimus humanoid robot announcements. The company launched its autonomous taxi service in Austin during June, subsequently expanding operations to Dallas and Houston, with San Francisco trials currently underway.

Assembly line production of humanoid robots is scheduled to commence this summer. When that announcement arrives, it will likely generate substantially more market momentum than Semi-related news.

The electric vehicle manufacturer plans to expand capital expenditures beyond $20 billion this year, more than doubling previous levels. This investment covers manufacturing facilities for Semi trucks, Cybercab autonomous vehicles, Optimus robots, and battery production capacity.

Heading into Thursday’s session, TSLA has retreated 17% in 2026 and fallen approximately 7% since conflict began in Iran — underperforming the S&P 500 by roughly 11 percentage points during that period.

Despite escalating gasoline prices that typically enhance electric vehicle appeal among consumer car buyers, Tesla shares haven’t captured the expected upward momentum.

Over the past year, TSLA has still delivered a 28% return.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2062.95, up 1.1% (+22.36) since 4 p.m. ET on Wednesday.

Nineteen of 20 assets are trading higher.

Leaders: APT (+4.4%) and ICP (+2.4%).

Laggards: AAVE (-0.2%) and BCH (+0.0%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Meta is expanding its use of USD Coin (USDC) payouts to creators on Facebook and Instagram in Colombia and the Philippines, with plans to broaden the program to additional markets. Creators who opt into the service will receive payments directly into crypto wallets on the Solana and Polygon blockchains. However, Meta’s payout system does not include a built-in fiat conversion option, so recipients must use an external exchange to convert USDC into cash.

The rollout is currently limited to select creators in Colombia and the Philippines, but Polygon indicated on Wednesday that the stablecoin payout feature will extend to more jurisdictions soon. “Live in Colombia and the Philippines, with 160+ markets coming, users now get faster settlement with USDC while gaining access to dollar-denominated assets,” Polygon said. This marks a notable step in broadening on-platform monetization through crypto rails.

The payout flow requires creators to connect a third-party crypto wallet to Meta’s payout platform. Meta noted it reserves the right to pay in an alternate method in the event of technical difficulties or unforeseen circumstances. The broader aim is to give creators faster settlement and access to dollar-denominated assets through stablecoins.

Meta’s creator ecosystem spans Influencers, educators, and entertainers who monetize content across Facebook and Instagram. The company disclosed that creators earned nearly $3 billion in 2025, a roughly 35% year-over-year increase, underscoring the scale at which creators rely on platform payouts and monetization tools.

In the broader stablecoin landscape, Circle’s USDC remains the second-largest stablecoin by market capitalization, with a value exceeding $77.3 billion as of this week, according to data from DefiLlama. Tether’s USDt remains the market leader, with a substantially larger cap. The deployment of USDC for creator payouts aligns with growing institutional and consumer use cases for dollar-denominated digital assets.

Key takeaways

• Meta launches USDC-based payouts for creators in Colombia and the Philippines, with plans to expand to 160+ markets.
• Payouts flow to wallets on Solana and Polygon; no built-in fiat conversion, requiring external exchanges to cash out.
• The program is currently limited to select creators; broader access will come as Meta and its partners scale the rollout.
• Creator earnings on Meta remain substantial, with near $3 billion paid in 2025, reflecting the large monetization ecosystem on Facebook and Instagram.
• USDC’s growing role in crypto payments mirrors broader adoption of stablecoins in the creator economy and institutional use cases.

Meta’s rails, wallets, and the creator economy

Under the new framework, creators who opt into the USDC payout service can link a third-party crypto wallet to Meta’s payout platform. The arrangement emphasizes speed and dollar-denominated exposure for creators who transact across borders, a potential benefit for global audiences and sponsors. Yet the absence of an on-platform fiat conversion tool means users must navigate external exchanges or aggregator services to realize fiat value from USDC withdrawals.

Meta emphasized that it can switch payout methods if technical problems arise, a reminder that crypto payout initiatives frequently hinge on cross-border compliance, liquidity, and network reliability. The approach signals Meta’s willingness to experiment with crypto-native payment rails, even as it avoids committing to a full-fledged stablecoin wallet within its core app ecosystem.

Broader context: USDC adoption and the creator economy

Stablecoins have increasingly emerged as practical on/off ramps for digital-asset payments. Industry observers have noted that stablecoins can shorten settlement times and reduce FX frictions for cross-border transactions, a point Polygon’s statement implicitly reinforces with this rollout. In parallel, traditional financial rails remain a hurdle for many creators who earn revenues across international audiences and need to convert earnings into local currencies.

Crypto custody and infrastructure players have highlighted institutional interest in stablecoins as a bridge between crypto and fiat. Lamine Brahimi, who co-founded Taurus, noted that European banks and corporates are actively seeking infrastructure partners to enable stablecoin adoption—context that underscores why major platforms like Meta are exploring USDC as a payout instrument for creators.

Meta’s foray into stablecoin payouts is not unique in itself, but it underscores a broader shift in the creator economy toward crypto-enabled monetization. It also builds on Meta’s prior experiments in digital currencies. The company previously pursued an open-source stablecoin project, Diem, but scrapped the initiative in 2022 after regulatory pushback and privacy concerns. At the time, Meta/Mail Diem assets were sold to Silvergate Capital, marking a pivot away from a native stablecoin vision toward partner-led, fiat-anchored crypto payments.

Related coverage from the broader payments and crypto ecosystem has tracked parallel developments, including Visa’s recent stance on stablecoin settlement that leverages Polygon and Base to scale issuance and settlement rails. The evolving landscape shows how traditional payment networks are intersecting with stablecoins to streamline cross-border monetization for users and developers alike.

Circle’s USDC remains the second-largest stablecoin by market cap, trailing only USDt from Tether. As of this week, USDC sits above $77 billion in circulating supply according to DefiLlama, highlighting its growing footprint in both consumer applications and institutional workflows. The ongoing expansion of stablecoin-based payouts by Meta adds a real-world use case that could influence how creators and platforms think about liquidity and cross-border compensation in the near term.

Meta’s creator program remains dynamic, and this latest move could set a precedent for other social platforms to experiment with crypto payouts. As widespread adoption hinges on regulatory clarity and user-friendly tooling, watchers should monitor how this rollout interacts with local fintech ecosystems, KYC requirements, and currency controls in the countries where the service lands next.

Meta’s first foray into a stablecoin project, Diem, serves as a reminder of the regulatory headwinds and privacy concerns that accompany large-scale crypto ambitions from major tech platforms. The Diem episode underscored the tension between ambitious, regulated fintech products and the evolving crypto policy landscape—a backdrop that remains relevant as Meta pilots USDC payouts with creators around the world.

In sum, the current rollouts in Colombia and the Philippines mark a meaningful step in mainstreaming crypto-native payout methods for the creator economy. As Meta, Polygon, and Circle optimize the mechanics and expand the geographic scope, investors and creators alike will be watching how this experiment translates into liquidity, ease of use, and long-term viability across a rapidly changing regulatory and technological environment.

For further context on related coverage, see coverage noting payments and stablecoin integration across traditional and crypto rails in the broader market.

Key Highlights

• Performance-driven MEGA Token debuts with constrained initial circulation
• Major cryptocurrency exchanges simultaneously list MEGA Token with notable market interest
• Token distribution mechanism links supply unlocks to verified network performance metrics
• Rapid USDM stablecoin expansion drives ecosystem momentum during token introduction
• Novel tokenomics framework prioritizes achievement-based rewards over traditional vesting schedules

MegaETH initiated its MEGA Token generation following successful completion of its inaugural network performance benchmark. The platform verified that ten operational applications achieved required engagement levels connected to its proprietary USDM stablecoin. Following this validation, the team executed a week-long launch sequence before activating market trading.

The token architecture establishes a hard cap of 10 billion MEGA tokens. MegaETH designated more than half the total supply—53.3%—toward achievement-based incentive programs instead of conventional time-locked distribution. This framework creates direct linkage between token availability and quantifiable platform engagement metrics.

The MEGA Token serves multiple functions within the Layer 2 infrastructure, including governance participation, gas fee payments, and network staking mechanisms. Token holders gain access to accelerated decentralized trading capabilities throughout compatible protocols. The design philosophy establishes correlation between platform utilization and token utility through concrete performance indicators.

Trading Platform Debuts and Initial Market Response

Leading cryptocurrency venues such as Binance, KuCoin, and Bitget activated MEGA Token spot markets in unified timing. Market operations commenced simultaneously following the token creation event across multiple platforms. This coordinated rollout enhanced immediate liquidity availability for traders.

Market entry occurred with restricted token circulation owing to the achievement-gated release schedule. Initial assessments indicated minimal floating supply compared to maximum allocation, facilitating measured price formation. Pre-market indicators positioned valuation around $0.22 per token, with actual market capitalization dependent on accessible supply.

MegaETH documented substantial expansion in its USDM stablecoin circulation throughout the launch window. Total supply surged from approximately $62.9 million to surpass $300 million in mere weeks. This acceleration demonstrates increasing platform adoption and reinforces the token’s economic foundation.

Platform Architecture and Market Position

The MegaETH infrastructure functions as an Ethereum Layer 2 solution engineered for real-time decentralized applications. The system incorporates USDM—created in partnership with Ethena—to facilitate onchain transactions and liquidity mechanisms. This integration aligns token economics with application deployment and stablecoin circulation.

MEGA Token allocation encompasses incentives for testnet contributors, protocol developers, and engaged community members. Qualification criteria encompass application interaction, validator node participation, and wallet transaction history. The project additionally distributed tokens via public sale rounds priced at $0.09 per unit.

Competition from mature Layer 2 solutions with substantial liquidity pools and established user bases presents ongoing challenges. Current metrics reveal modest fee generation and intermediate engagement patterns. Nevertheless, the performance-linked distribution approach represents an innovative framework potentially influencing subsequent token deployment strategies.

The token activation coincides with variable sentiment across cryptocurrency markets. Previous funding rounds established project valuation estimates approaching $1.8 billion. Post-launch market dynamics will reveal alignment between trading prices and earlier valuation benchmarks.

MegaETH pursues expanded application integration through continuous incentive initiatives and ecosystem development efforts. Active yield farming programs and developer grants remain operational to boost participation rates. Sustained token performance ultimately hinges on persistent network utilization and broadening application ecosystem.

Coinbase will disable trading for Dai on May 4, 2026, as part of its latest asset review. 

The Ethereum-based stablecoin will be converted to USDS for users who leave DAI on the platform after the deadline. Coinbase reminded users that Dai trading will be disabled on Coinbase.com and the Coinbase mobile app on May 4.

The exchange also said send and receive support for DAI will be temporarily disabled from May 4 to May 6.

DAI is an Ethereum-based stablecoin linked to the MakerDAO ecosystem. Coinbase said any DAI left on the platform by May 4 will be converted to USDS at a 1:1 rate.

Users urged to move DAI before May 4

Coinbase advised users who do not want the conversion to move their DAI to a compatible self-custody wallet before the deadline.

The exchange said users in selected EEA regions will not have their DAI migrated. This means affected users may need to act before trading and transfer limits take effect.

The delisting forms part of Coinbase’s regular asset reviews. The exchange checks whether listed tokens continue to meet its standards.

Additionally, Coinbase will also suspend trading for Chrono.tech’s TIME token on May 11 at 2 p.m. ET. The suspension will apply to Coinbase Simple Trade, Advanced Trade, Coinbase Exchange, and Coinbase Prime.

Coinbase has also disabled trading for TrueFi’s TRU token ahead of its May 10 migration deadline.

These updates show that Coinbase is continuing to adjust supported assets across its main retail and institutional trading platforms.

Exchange adds new listings and futures

Coinbase has also expanded other parts of its platform. It launched perpetual futures tied to AI infrastructure and compute firms on April 29.

The listed markets include Advanced Micro Devices, Arm Holdings, Intel, Micron Technology, and SanDisk.

The exchange also added support for Gensyn and Virtuals Protocol on Coinbase and the Coinbase app.

Coinbase said it will add support for MegaETH’s MEGA token. Spot trading for Wrapped Ronin is also expected to go live on April 30.

The latest updates come as Coinbase balances new product launches with asset removals. The DAI deadline remains the key date for stablecoin users watching the May delisting schedule.

Key Highlights

• Pre-market trading shows GPUS climbing 8.08% following Q1 revenue announcement

• First quarter 2026 revenue reaches $44M, representing 76% year-over-year increase

• Newly integrated subsidiaries contribute significantly to quarterly performance

• Artificial intelligence infrastructure and blockchain initiatives fuel expansion

• Multi-segment business model delivers enhanced revenue stability

Shares of Hyperscale Data (GPUS) experienced an uptick during pre-market hours following the disclosure of robust preliminary revenue figures. The stock climbed to $0.1404 before regular trading commenced, representing an 8.08% increase. This upturn came after the previous session’s close at $0.1312, which had reflected a 2.09% pullback.

Hyperscale Data, Inc., GPUS

Impressive Revenue Acceleration Fuels Pre-Market Rally

Hyperscale Data disclosed preliminary first-quarter 2026 revenue totaling approximately $44 million. This marks a substantial 76% climb from the $25 million registered during the comparable quarter in 2025. The impressive expansion demonstrates enhanced performance across multiple operational divisions.

The revenue tally benefited from fresh income channels originating from recently integrated subsidiaries. Gresham Worldwide generated roughly $10 million in the period after completing its bankruptcy restructuring in the fourth quarter of 2025. This integration provided meaningful support to consolidated financial metrics.

Additionally, Ault Lending secured approximately $10 million via a litigation settlement connected to historical ownership stakes. The organization plans to book this sum as revenue during the first quarter. These exceptional items played a notable role in amplifying reported growth figures.

Broad Business Portfolio Ensures Revenue Consistency

Hyperscale Data preserved steady income generation from its established operational divisions throughout the quarter. Crane services delivered around $11 million in revenue, while cryptocurrency mining operations added approximately $5 million. These core businesses furnished reliable support complementing newer income sources.

The company also recorded roughly $4 million from hospitality and property holdings. These divisions enhanced portfolio diversification and helped mitigate earnings fluctuations associated with trading operations. This varied revenue structure promotes operational stability through different economic conditions.

Trading activities at Ault Lending continue generating earnings variability. This segment encompasses unrealized profit and loss movements related to equity security valuations. Therefore, quarterly earnings patterns may experience fluctuations despite consistent operational revenue streams.

Strategic AI Infrastructure Investments Drive Future Trajectory

Hyperscale Data maintains its commitment to expanding artificial intelligence capabilities and technological infrastructure. The organization concentrates on AI-powered data facilities, robotics platforms, blockchain networks, and integrated financial technology solutions. These strategic priorities target building a cohesive and expandable enterprise framework.

Leadership emphasized that strengthening coordination among operational divisions remains central as consolidation activities advance. The organization observes encouraging momentum throughout AI-enabled platforms and digital infrastructure offerings. This progress reinforces its extended-term expansion agenda within evolving technology sectors.

The organization had previously established full-year 2026 revenue projections ranging from $180 million to $200 million. Given first-quarter achievements, management is evaluating whether to uphold or enhance these forecasts. A comprehensive assessment is anticipated following the publication of finalized first-quarter financial statements in May 2026.

The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks in more than a year.

According to DeFiLlama, the total value hacked in April so far amounted to $629.7 million, the highest since $1.47 billion in February 2025. With KelpDAO’s $293 million hack and Drift Protocol’s $280 million exploit accounting for 82% of the monthly losses, decentralized finance (DeFi) has taken the unwanted crown as the most targeted sector over the past month.

Source: DeFiLlama

The concentration of losses in a handful of large DeFi incidents shows how a small number of attacks can still overwhelm broader security improvements across the sector. The causes of the hacks also revealed that the biggest risks are increasingly tied to bridges, privileged access and operational failures, rather than simple smart contract bugs alone.

Related: Russia-linked crypto exchange Grinex halts trading after $14M hack

April DeFi hack losses surge

One of the latest attacks involved the DeFi derivatives platform Wasabi Protocol, which at the time of writing had been drained of around $5.5 million across Ethereum, Base, Blast and Berachain networks in an ongoing exploit, according to Certik.

Recent attacks also include the move-to-earn crypto platform Sweat Economy, which reportedly lost $3.46 million, or about 65% of its liquidity pool, in under 30 seconds. The protocol later said stolen funds were frozen on MEXC shortly after the incident, with recovery efforts underway.

Source: Jussy

Aftermath Finance, a Sui blockchain-based decentralized trading platform, was also among the recent DeFi hacks, suffering an exploit on its perpetuals platform. According to Blockaid, the attacker drained about $1.1 million in USDC across 11 transactions in roughly 36 minutes.

Related: Andre Cronje says DeFi is ‘no longer DeFi’ as builders debate circuit breakers

Chainalysis says attackers are exploiting off-chain systems, not smart contract bugs

April’s spike in crypto exploits reflects a shift toward more sophisticated, multi-stage attacks targeting offchain infrastructure rather than smart contract vulnerabilities, Yaniv Nissenboim, head of security solutions at Chainalysis, told Cointelegraph.

“What connects these incidents is that well-resourced attackers are finding novel ways to exploit the seams between on-chain protocols and the offchain systems they depend on,” Nissenboim said.

These entry points include compromised remote procedure call (RPC) nodes, breaches of cloud key management systems and long-running social engineering campaigns, he said. In many cases, on-chain transactions still appear fully legitimate, even as infrastructure or human-access layers are already compromised.

Nissenboim said that real-time monitoring and automated safeguards are becoming critical, citing anomalies such as abnormal minting patterns and cross-chain inconsistencies that can be detected instantly. In one case, rapid detection helped prevent a second theft of roughly $95 million during the KelpDAO incident, he added.

According to Standard Chartered’s analysts led by Geoffrey Kendrick, KelpDAO’s incident is a sign of DeFi’s growing resilience rather than a fatal failure for the sector.

“While the recent KelpDAO theft and its impact on AAVE have raised questions around continued DeFi banking growth, we expect growth to remain on track as a maturing DeFi industry puts solutions in place to reduce vulnerabilities,” the bank said in a Wednesday research note seen by Cointelegraph.

Magazine: AI-driven hacks could kill DeFi — unless projects act now

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

AllUnity, a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), took its euro-backed stablecoin, EURAU, to the Solana blockchain, extending the token’s reach to a high-speed network often used for payments and trading.

EURAU, which debuted last July on Ethereum, is fully reserved and issued under a regulated e-money framework aligned with the European Union’s MiCA rules, the company said in an emailed statement. By adding Solana, AllUnity aims to offer faster settlement and lower transaction costs for euro-denominated transfers.

The setup allows businesses and developers to move euros onchain in seconds. Payments firms, for example, could send cross-border payouts to contractors in real time instead of waiting days for bank transfers, and the same mechanism can also support trading, lending or treasury management using a stable euro unit.

The move reflects growing interest in non-dollar stablecoins, especially in Europe, where firms seek digital assets that meet regulatory standards. While U.S. dollar tokens dominate the $300 billion stabelcoin market, euro-pegged tokens have seen rapid growth, doubling since the start of 2025 to almost $1 billion.

The S&P projected the market could reach 570 billion euros ($672 billion) by 2030. French Finance Minister Roland Lescure called for more euro-denominated stablecoins and urged EU banks to explore tokenized deposits.

AllUnity also highlighted that demand for regulated euro stablecoins is rising, and that expanding across multiple blockchains could help drive broader adoption in both finance and corporate payments.

“As demand for compliant euro stablecoins accelerates, Solana’s speed and scalability make it a natural environment for institutional-grade settlement and cross-border payments,” said Peter Grosskopf, CTO and COO of AllUnity.

AllUnity said several partners, including Bullish (owner of CoinDesk), Privy, Hercle and Transak, are preparing to use EURAU on Solana for payments, trading and fiat onramps.

Read more: Europe’s banks are going all in on crypto

MegaETH’s MEGA token went live on Thursday after the Ethereum scaling project completed a seven-day launch countdown. 

The token started trading on major exchanges after the network met its first ecosystem milestone. MegaETH confirmed the launch in a post on X, saying, “MEGA — Now Trading.” The team said all tokens would be distributed to users by 7 a.m. ET.

The token generation event started after MegaETH met its first key performance target. The project had said it would only launch MEGA after showing enough real onchain activity.

MegaETH meets first launch milestone

MegaETH said 10 “Mega Mafia” apps had gone live before the launch. These apps cleared the first KPI threshold required to trigger the final countdown.

The milestone focused on apps with real user activity linked to USDM, the protocol’s native stablecoin. USDM was co-developed with Ethena.

In addition, MegaETH has a fixed supply of 10 billion MEGA tokens. The project has tied 53.3% of total supply to performance-based staking rewards.

This structure differs from a standard time-based vesting model. MegaETH uses KPI-linked targets to release a large share of future token supply.

Major exchanges list MEGA

Trading opened across several exchanges after the token generation event. Binance said it would list MEGA for spot trading at 11:00 UTC with a seed tag.

KuCoin and Bitget also announced MEGA spot trading from the same start time. Other platforms have shared listing plans as well.

MegaETH is designed as a high-performance Ethereum scaling network for real-time onchain apps. Its native USDM supply was about $62.9 million last week.

That figure has since grown to over $300 million during the MEGA launch period. MegaETH co-founder Namik Muduroglu described the launch period as “very intense.”

The MegaETH Foundation has said it plans to use USDM revenue to accumulate MEGA tokens. This links network use, stablecoin activity, and token demand.