Crypto World
XRP Price Prediction: Boundless Brings Privacy to Ripple, But CZ’s BNB Ready to Overtake Crypto Top Four Spot
XRP price is trading at above $1.35 as a landmark zero-knowledge proof deployment on XRPL shifts the institutional narrative and prediction. Meanwhile, BNB is circling the top-four market cap rankings with renewed momentum.
This raises a question the XRP community hasn’t wanted to answer. Is Ripple’s position as secure as its holders believe?
XRPL Commons and Boundless have jointly deployed the first ZK proof verifier natively on XRPL, a RISC-V verifier that makes zero-knowledge proofs a native ledger capability. The rollout happened in three phases: verifier deployment, collaborative design of Smart Escrow transaction types with programmable ZK-gated release conditions, and a live developer toolkit with open-source testnet examples.
— Blockchain Daily News (@blckchaindaily) April 14, 2026
BREAKING: XRP LEDGER INTEGRATES BOUNDLESS ZERO-KNOWLEDGE PROVING NETWORK, ENABLES FINANCIAL INSTITUTIONS TO TRANSACT PRIVATELY ON PUBLIC BLOCKCHAIN pic.twitter.com/uBYkfO3XYX
Smart Vaults are next, targeting a full private transaction infrastructure in which every settlement is screened against KYC inclusion lists and sanctions lists before funds move, with regulator-accessible disclosure on demand. For institutions that currently treat public ledger transparency as a dealbreaker, this is a material change.
Whether the market prices it in the near term is a separate question entirely. XRP’s technicals are consolidating, and broader regulatory developments continue to shape the Ripple narrative more than any single protocol upgrade.
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XRP Price Prediction: $1.50 Too Much to Ask?
XRP is currently caught between $1.29 support and a $1.40 resistance that has capped multiple attempts at continuation. The RSI sits in a wide neutral range of 45–50, indicating consolidation without directional commitment. No volume spike has accompanied the Boundless announcement. At least not yet.
Analyst flagged the setup on April 12: “XRP trades at $1.33… targeting $1.40 by April 2026” amid mixed momentum signals. CoinGecko’s April 6 assessment assigned a 79.5% probability of XRP reaching $1.40 by month-end, a number that sounds bullish until you realize $1.40 is not even $1.50.
MarketBeat’s technical dashboard and longer-horizon analysts like Celal Küçüker, who projects $9 XRP regardless of chart formation, reflect the wide divergence in conviction levels right now.
The ZK development is genuinely significant infrastructure. It just doesn’t resolve a range-bound chart overnight. Rakuten’s XRPL integration covering 44 million users adds to the ecosystem case, but near-term price action remains hostage to broader market sentiment.
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Bitcoin Hyper Targets Early-Mover Upside as XRP Tests Key Resistance
XRP at $1.37 with a 79.5% shot at $1.40 is a trade, not a transformation. Traders watching consolidation drag on a known asset are increasingly scanning for asymmetric setups, the kind that existed in XRP itself before it became a top-five staple.
Bitcoin Hyper is a Bitcoin Layer 2 project with Solana Virtual Machine (SVM) integration, the first of its kind, delivering sub-second finality and low-cost smart contract execution while anchoring to Bitcoin’s security layer.
The presale has raised $32 million at a current price of $0.0136786, with 36% APY staking available for early participants. The core proposition: bring programmable speed to Bitcoin’s ecosystem without sacrificing the trust layer that makes BTC the reserve asset of crypto.
This is a specific technical gap, and the presale has already crossed $32M in funding as that thesis gains traction.
Research Bitcoin Hyper before the current price stage closes.
The post XRP Price Prediction: Boundless Brings Privacy to Ripple, But CZ’s BNB Ready to Overtake Crypto Top Four Spot appeared first on Cryptonews.
Ripple and Kyobo Life have teamed up to modernize Korean government bond settlement. The partners will test tokenized transactions through Ripple Custody in a regulated institutional setting. Kyobo is the first Tier 1 Korean insurer to take this step with Ripple. Ripple said the model could reduce settlement from two days to near real time.
Ripple and Kyobo Life Begin On-Chain Bond Settlement Work
Ripple announced the partnership in Seoul on April 15, 2026. It is Ripple’s first collaboration with a leading Korean insurance institution. The project centers on tokenized government bond settlement inside a regulated environment. Both companies released the announcement on Wednesday.
Kyobo Life is one of Korea’s largest and oldest life insurers. The company will use Ripple Custody to hold, transfer, and settle tokenized assets. That setup replaces fragmented and manual bond workflows with transparent on-chain execution. The work will start with custody-led settlement flows.
Ripple said custody is the starting point for broader digital asset services. Those services may later include payments, liquidity, and treasury management. The company said the project offers a model for other regulated institutions. Ripple described that path as gradual and regulated.
Ripple Custody Targets Faster Trade Settlement
Government bond trades often settle two business days after execution. Ripple said on-chain settlement can move that timeline closer to real time. Faster settlement can lower counterparty risk and free up capital sooner. That could improve balance sheet use for institutions.
Ripple Custody is built for banks and other regulated financial firms. The platform supports secure movement, record keeping, and settlement activity. It also gives institutions one system for custody and transaction processing. The platform combines custody with settlement support.
Fiona Murray, Ripple’s managing director for Asia Pacific, described Korea as a key market. She said, “It is available, proven, and ready to deploy in Korea today.” She added that Ripple sees a long-term role in Korea. Ripple said the company views this work as part of a broader market effort.
Kyobo Reviews Wider Payment and Market Use
The partners will also review stablecoin-based payment rails for institutional use. Those rails could support round-the-clock transactions within a compliant framework. The firms will also assess technical and regulatory feasibility in Korea. That review covers technology needs and compliance checks.
Jin Ho Park, a senior executive vice president at Kyobo Life, explained the aim. He said, “This is about validating how traditional financial instruments can operate securely on blockchain.” Kyobo linked the work to its wider digital transformation plans. Kyobo said the effort goes beyond digital asset storage.
Ripple said the deal adds to its growth in Korea. The company noted that Korea began licensing remittance payment providers in 2017. The partnership shows how insurers can test digital asset infrastructure inside regulated markets. Ripple also said its Korean business activity has been growing.
Blockstream CEO Adam Back, an early pioneer of the crypto movement, said Bitcoiners should be looking at building quantum-resistant solutions now, even if the threat is still decades away.
“Quantum computing still has a lot to prove. Current systems are essentially lab experiments. I’ve followed the field for over 25 years, and progress has been incremental,” Back said at Paris Blockchain Week on Tuesday.
“That said, Bitcoin should prepare,” Back said, adding that the “safest approach” is to build optional upgrades that allow migration to quantum-resistant cryptography if needed.
Concerns that quantum computers could eventually break blockchain cryptography have fueled industry-wide fear that bad actors could use it to break into crypto wallets, plunging the market into chaos.
Back said in November that the quantum threat is still 20 to 40 years away, while explaining to Bloomberg earlier this month that today’s quantum computers are slower than calculators.
Despite this, his Bitcoin development company, Blockstream, has a dedicated quantum team researching potential threat vectors to the Bitcoin network.
Part of that work has involved implementing hash-based signatures on Blockstream’s Bitcoin layer-2 Liquid Network, Back said at Paris Blockchain Week.
“Preparation is key. Making changes in a controlled way is far safer than reacting in a crisis.”
He added that the Taproot protocol could also support alternative signature schemes on the Bitcoin network without affecting current users.
Quantum computing threat may be closer than it appears
Last month, Google and California Institute of Technology researchers said functional quantum computers could come sooner than expected and that far less computing power is needed to break cryptography than previously thought.
Google went as far as to say that quantum computers could potentially break Bitcoin’s cryptography as quickly as nine minutes, allowing hackers to perform an “on-spend” attack.
Asked what would happen if the quantum threat arrives sooner than anticipated, Back said Bitcoin developers would “act quickly.”
“We’ve seen that before — bugs have been identified and fixed within hours. When something becomes urgent, it focuses attention and drives consensus.”
Quantum proposal to freeze old Bitcoin met with backlash
On Tuesday, Bitcoin developer Jameson Lopp and five other crypto security researchers introduced a proposal to freeze quantum-vulnerable Bitcoin — including Satoshi Nakamoto’s $81.9 billion stash — to prevent them from being stolen once quantum computers become functional.
Related: Bitcoiners propose freezing quantum-vulnerable coins in BIP-361
The proposal drew sharp criticism from several members of the Bitcoin community, including developer and researcher Mark Erhardt, who described it as “authoritarian and confiscatory.”
Phil Geiger, head of business development at Metaplanet, said: “We have to steal people’s money to prevent their money from being stolen.”
Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt
CoreWeave, a publicly traded AI cloud infrastructure company, announced on Wednesday a $6 billion deal with quantitative trading firm Jane Street, in which the firm will use CoreWeave’s AI cloud computing infrastructure to power its trading and research operations.
Under the agreement, CoreWeave will provide Jane Street with compute from multiple data center facilities, the company’s announcement said.
Jane Street also purchased $1 billion in CoreWeave Class A Common stock at $109 per share, according to CoreWeave.
Shares of CoreWeave (CRWV) rose by 1.5% on Wednesday, climbing to about $119.04 at the time of publication, according to data from Yahoo Finance.
The deal comes about one week after CoreWeave announced an agreement with Anthropic, in which the AI developer would use CoreWeave’s compute infrastructure to power its Claude AI large language models.
CoreWeave’s pivot to AI predates the crypto mining industry’s shift by years, and highlights how miners can repurpose their infrastructure to power high-performance computing and shore up declining revenues amid a challenging economic environment.
Related: CoreWeave’s $8.5B loan shows how AI is replacing crypto mining finance
CoreWeave dominates “neocloud” computing sector
CoreWeave was founded as a crypto mining company called Atlantic Crypto, in 2017, before beginning a pivot to AI cloud computing infrastructure in 2019.
The company’s shift to AI infrastructure years ahead of the crypto mining industry’s rush into the sector helped establish CoreWeave as a leading “neocloud” company, according to analysts from asset management and investment research company Bernstein.
“Neocloud” service providers are cloud computing companies built around graphics processing units (GPUs), which power artificial intelligence workloads.
Traditional cloud service providers power their operations with basic computer processing units (CPUs) suitable for running websites, Web2 platforms, video games, media streaming and applications.
The analysts compared CoreWeave with IREN and Nebius, and concluded that “relative to its neocloud peers, CRWV has by far the strongest commercial machine.”
CoreWeave benefits from a mix of contractual agreements and on-demand revenue-generating activities, while also commanding a diverse customer base, Bernstein said.
“Nine of the leading 10 AI model providers now leverage CoreWeave’s platform,” spokespeople for CoreWeave said following the Anthropic deal in April.
Magazine: Would Bitcoin really be at $200K if not for Jane Street? Trade Secrets
CEO Tarek Mansour said in an interview that Kalshi would prevent kids from using a parent’s ID to skirt its age restrictions by launching a parent portal and AI verification.
Kalshi co-founder and CEO Tarek Mansour reportedly announced a new strategy for the prediction markets platform to crack down on minors illegally using its services.
According to a Wednesday Semafor report, Mansour said that Kalshi was launching a “portal for parents” to submit their identification to check whether their children were using the platforms under their names. There have been incidents in which minors have been able to bypass Kalshi’s age requirements — a US-based user must be 18 years old — by using one of their parent’s IDs for verification.
“We are also adding selfies to accounts, where you can basically look at the face of a person, and it can tell you obviously if this person is not the actual parent that’s 50 years old,” said Mansour, according to Semafor.
The CEO’s comments came as prediction market platforms come under scrutiny in the US, both by state-level gaming authorities for the companies’ event contracts related to sports and at the federal level for controversial bets on military actions.
Crypto exchanges have also been challenging Kalshi’s dominance in the market, with Binance integrating prediction market features in its wallet app last week, followed by Crypto.com partnering with High Roller Technologies in a similar move.
Related: Polymarket bets removed from Google News after brief appearance: Report
Central to Kalshi’s arguments in court is the claim that the company is under the exclusive jurisdiction of the federal commodities regulator, the US Commodity Futures Trading Commission (CFTC). Michael Selig, who chairs the CFTC, has backed this position in an amicus brief in support of Crypto.com in its dispute with the Nevada Gaming Control Board.
Court battles continue over sports and election event contracts
As of Wednesday, many of the cases against Kalshi were ongoing at the state level.
A federal judge in Arizona blocked state officials from enforcing the state’s gambling laws as applied to Kalshi’s event contracts last week. The decision followed a similar outcome in New Jersey, where a federal appellate court sided with the company’s argument claiming that the Commodity Exchange Act — under the CFTC — preempted the state’s law on sports gambling.
Magazine: Should users be allowed to bet on war and death in prediction markets?
Day one at Paris Blockchain Week turns into an institutional scouting mission for privacy, composability and gold‑backed tokenization plays in the heart of Paris.
Summary
- Early conversations at Paris Blockchain Week 2026 are converging on institutional needs for privacy and composability, according to builders on the ground.
- Canton Network and iExec are drawing attention as examples of how to square confidential data with interoperable on‑chain workflows for banks and asset managers.
- A gold tokenization project reportedly backed by JPMorgan is adding real‑world asset “weight” to a program already framed as “where institutions and digital assets finally meet.”
Day one of Paris Blockchain Week 2026 is underscoring a simple message from the buy‑side: if blockchains want serious institutional flows, they must solve privacy and composability at the same time. In a recap post after the first day, investor and commentator Tokenoya wrote that “institutions are converging on one thing: privacy + composability is the real bottleneck,” name‑checking custody platform dfnsHQ and permissioned ledger project Canton Network as emblematic of that shift.
Institutional Paris turns to privacy and composability
Held at the Carrousel du Louvre on April 15‑16 under the banner “Where Institutions and Digital Assets Finally Meet,” Paris Blockchain Week’s 7th edition has drawn more than 10,000 decision‑makers from banks, asset managers, regulators and Web3 infrastructure teams. Organizers and partners describe the focus as squarely post‑speculation, with sessions on tokenized treasuries, regulated stablecoins and cross‑border settlement rails framed as extensions of existing market structure rather than parallel casinos.
Social media threads highlight how that institutional tone is filtering into side events. At a dfnsHQ gathering, they reported that large institutions now view privacy‑preserving composability as “the real bottleneck,” a view echoed by Canton Network’s own framing of public‑chain design as a trade‑off between radical transparency and usable confidentiality. Canton describes itself as a “network of networks” that lets financial institutions run applications with “institutional‑grade privacy” while still enabling atomic swaps between, for example, a tokenized private equity fund and a digital currency, without exposing either party’s full books.
The recap also nods to a coffee meeting with iExec’s Fotshudi in Paris, with Tokenoya telling followers that “if you’re into privacy, give him a follow,” underscoring how off‑program conversations are gravitating toward confidential computing and data markets. iExec has long pitched itself as a way for enterprises to tap trusted execution environments and privacy‑preserving compute, a theme that fits neatly with European regulators’ insistence on data protection even as banks experiment with on‑chain settlement and DeFi‑style liquidity pools.
Perhaps the most eye‑catching detail in the post is a “meeting with a gold tokenization project backed by JP Morgan,” a reminder that real‑world asset pilots are no longer confined to crypto‑native players. Paris Blockchain Week’s own marketing leans heavily on tokenization “at scale,” pointing to experiments in digitizing U.S. Treasuries, sovereign bonds and private credit, and several speakers have suggested that tokenized commodities and collateral will be the next wave once legal and custody issues are ironed out.
Coverage from French outlets such as Journal du Coin has framed the 2026 edition as the moment “la finance traditionnelle bascule,” with tokenization and digital euros forcing incumbents to rethink plumbing, capital efficiency and risk controls rather than just issuing press releases. Global Digital Finance, a policy group whose members include major banks and crypto firms, similarly describes this year’s conference as one where “the focus is no longer speculative,” but on how blockchain “is beginning to play inside large financial institutions” under MiCA and other regulatory regimes.
President Trump disclosed Wednesday that he and Chinese President Xi Jinping exchanged letters over China’s alleged weapons transfers to Iran, with Xi denying the claim in writing and Trump calling it a positive step ahead of their May summit.
Summary
- Trump revealed on Fox Business that he wrote Xi asking him not to supply Iran with weapons, and Xi responded saying China was not doing that.
- Trump posted on Truth Social that China had “agreed not to send weapons to Iran” and predicted Xi would give him a “big, fat, hug” at their planned meeting in Beijing next month.
- Any genuine easing of US-China tensions alongside Iran diplomacy could reduce the oil-driven pressure that has weighed on Bitcoin since February.
President Trump told Fox Business Wednesday morning that Chinese President Xi Jinping sent him a letter denying that China is supplying weapons to Iran. Trump said he initiated the exchange after US intelligence reports surfaced suggesting Beijing may have sent a shipment of missiles to Tehran. “I wrote him a letter asking him not to do that, and he wrote me a letter saying, essentially, he’s not doing that,” Trump said.
In a follow-up Truth Social post, Trump wrote that China had “agreed not to send weapons to Iran” and said he and Xi were “working together smartly, and very well.” The post also stated that China was “very happy” the US was moving to reopen the Strait of Hormuz, through which China sources a significant portion of its energy imports.
The exchange carries diplomatic weight even without formal verification. Trump last week threatened a 50% tariff on any country supplying Iran with weapons, a warning aimed squarely at China. Xi’s written denial, whether or not it reflects Beijing’s actual behavior, gives Trump a face-saving path to de-escalate one front of the conflict without confrontation.
US intelligence has not confirmed definitive evidence that Chinese missiles have been used against American or Israeli forces. Chinese companies have, however, provided dual-use components tied to Iran’s missile and drone programs, a distinction analysts say matters significantly for what Xi’s letter does and does not commit to.
Trump and Xi are scheduled to meet in Beijing on May 14 and 15, and Trump said the Iran situation would not affect that meeting.
How China Fits Into the Iran Standoff
China is the primary buyer of Iranian crude oil and has the most to lose economically from a prolonged Strait of Hormuz closure. As the largest non-Western power with influence over Tehran, Beijing’s posture toward the conflict has been closely watched by both markets and diplomatic circles. Xi’s first public comments on the war came Tuesday, when he told Spain’s prime minister that “the international order is crumbling into disarray.”
The letter exchange suggests a backchannel is open between Washington and Beijing at a moment when the two countries are also navigating trade tensions, with tariff negotiations expected to feature prominently at next month’s summit.
What It Means for Bitcoin and Crypto Markets
Bitcoin has been acutely sensitive to every diplomatic signal in the Iran conflict. BTC rallied 5% to $74,400 on Trump comments suggesting Iran wanted to return to talks, and dropped to a session low of $70,617 when the naval blockade was announced and oil spiked to $105. Each diplomatic signal has produced an immediate repricing, amplified by the heavy short positioning that has built up over 46 consecutive days of extreme fear.
A credible path toward US-China cooperation on Iran, even without a formal ceasefire, would ease the oil-driven inflation pressure that has kept the Federal Reserve hawkish and risk assets on the back foot since February. Market analyst Sam Daodu has outlined a $75,000 to $80,000 range for BTC if new talks produce even a temporary agreement, and a path toward $100,000 by year-end if a full deal materialises.
China equities are navigating a global oil shock, according to eToro’s latest market commentary. The note ties March trade data to how higher oil prices can reverberate through the economy, noting slower export growth alongside a sharp rise in imports driven by energy and commodity purchases. While such shocks can push up input costs and pressure margins in the near term, the material emphasizes that the market impact is often reflected in valuations as investors adjust expectations. The write-up also points to likely beneficiaries, sector rotations, and the ongoing role of policy support in shaping the near-term outlook.
Key points
- Export growth slowed to 2.5% in March while imports jumped nearly 28%, driven by energy and commodities.
- Frontloading of energy imports amid supply uncertainty suggests near-term input-cost pressure and potential margin effects.
- Energy-sensitive sectors such as oil, shipping, and logistics may see stronger pricing power; AI and energy-security themes remain supported by policy tailwinds and high-tech exports.
Why it matters
For readers and investors, the report outlines how a commodity-price shock can influence market dynamics in China—from trade patterns to sector rotation—and why policy context matters for near-term sentiment and positioning.
What to watch
- Oil-price trajectories and energy-import trends that could signal further frontloading or shifts in demand.
- Near-term sector rotation, particularly toward energy, shipping, and logistics, and away from more exposed areas.
- Policy signals and ongoing momentum in high-tech exports that could sustain AI-related and energy-security themes.
Disclosure: The content below is a press release provided by the company or its PR representative. It is published for informational purposes.
China equities navigate oil shock as trade data signals shifting dynamics
Abu Dhabi, United Arab Emirates – April 15, 2026: China’s equity markets are adjusting to the impact of rising oil prices, as the latest March trade data offers an early indication of how the shock is feeding through the economy, according to eToro’s latest market commentary.
China’s export growth slowed to 2.5% in March, while imports surged nearly 28% – the fastest pace since 2021 – driven by a sharp increase in purchases of oil and other commodities. This pattern suggests a degree of frontloading in energy and commodity imports amid ongoing supply uncertainty, a trend observed during previous periods of market disruption.
Historically, such shocks tend to raise input costs and weigh on corporate margins in the near term. However, the impact is often reflected more significantly in market valuations rather than immediate earnings deterioration, as companies and investors adjust expectations.
Lale Akoner, Global Market Analyst at eToro, commented: “China equities are navigating the oil shock in real time, with trade data highlighting how quickly the effects are being priced in. The surge in imports, particularly in energy and commodities, points to frontloading behaviour as businesses respond to supply uncertainty.”
She added: “From an investment perspective, energy-sensitive sectors such as oil, shipping, and logistics are likely to benefit from stronger pricing power in this environment. At the same time, structural themes like AI and energy security remain supported by policy tailwinds and global demand, as reflected in continued strength in high-tech exports.”
Despite near-term volatility, broader market fundamentals remain underpinned by policy support, with the Chinese state continuing to play a stabilising role. The current environment is also driving sector rotation, particularly towards industries that can better absorb or pass on rising input costs.
Akoner concluded: “With oil acting as a catalyst for sector rotation, the focus for investors remains clear: stay selective, lean into defensive positioning, and treat volatility as an opportunity rather than a signal of deterioration.”
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Allbirds (BIRD) stock gained over 700% on April 15 after the company announced it would ditch footwear entirely and pivot to AI compute infrastructure. The playbook may look familiar.
Less than a year ago, a wave of struggling pharma companies pulled the same move with crypto. Most of those stocks have since collapsed.
From Dead Shoe Brand to 700% Market Frenzy in a Single Day
Allbirds, once valued at $4 billion after its 2021 IPO, sold its shoe brand to American Exchange Group for just $39 million in March.
The remaining shell secured a $50 million convertible financing facility and plans to rebrand as NewBird AI, leasing GPUs to developers facing compute shortages.
“NewBird AI expects to use initial capital from the Facility to acquire high-performance GPU assets, which will be deployed to serve customers requiring dedicated access to AI compute capacity,” read an excerpt in the press release.
Following the news, Allbirds’ stock, BIRD, rallied by over 700%, with prospects for more gains as rising demand continues to clear each local top.
It is imperative to note, however, that the company has no track record in hardware, data centers, or cloud services. Both deals still require stockholder approval at a May 18 special meeting.
Against this backdrop, analysts noted the disconnect between the stock move and the underlying business.
“Feels like the market is rewarding what you could be not what you are … Nothing changed operationally overnight. Just the story. Shoes → dead. AI → alive,” analyst Kyle Doops remarked.
Crypto Tried This First
In 2025, at least four medical firms abandoned their core businesses to become crypto treasury companies.
- Helius Medical rebranded as Solana Company and raised $500 million for a SOL treasury.
- Kindly MD merged with Nakamoto Holdings to hold Bitcoin (BTC).
- MEI Pharma became Lite Strategy, adopting Litecoin (LTC) as its reserve asset.
Each stock spiked on the announcement. The aftermath tells a different story. Helius Medical traded near $25 at its peak and now sits around $2.31.
Nakamoto has fallen to $0.22 and is pursuing a reverse stock split to avoid Nasdaq delisting. Lite Strategy trades at $1.10 with a market cap of roughly $40 million.
Same Hype, Different Label
Master Ventures founder Kyle Chassé called it the “AI effect,” suggesting this may only be the beginning.
“This is the AI effect. Allbirds announced their switch from shoes to AI and then shot up 700% in a single day. It wouldn’t be surprising if other companies started pulling the same moves,” Chassé suggested.
The pattern is consistent. A company with a failing core business sells its operations, attaches itself to the hottest narrative, and watches its stock pop.
With crypto treasuries, the pop faded once markets demanded actual execution.
AI compute demand is real, but so was demand for Bitcoin, Ethereum, and Solana (SOL).
Whether NewBird AI breaks the pattern or follows it may depend on whether $50 million is enough to compete in a market dominated by hyperscalers spending billions.
“I wish the Allbirds people luck in their attempt to pivot to GPUs. Maybe they can do it. But i regard this as the first definitive sign that things have gone too far. What a bunch of jokers and mountebanks they are,” wrote Jim Cramer.
The post Allbirds Stock Rallies 700% On AI Pivot, But Mirrors Failed Crypto Treasury Plans appeared first on BeInCrypto.
The committee, led by Tether’s head of government affairs, reported spending $3 million on advertising through a company co-founded by Tether US CEO Bo Hines.
The latest filing by the crypto-aligned political action committee (PAC) headed by stablecoin issuer Tether’s head of government affairs shows $11 million in contributions from financial institutions.
In a Wednesday filing with the US Federal Election Commission (FEC), the Fellowship PAC revealed it had received $10 million from financial services firm Cantor Fitzgerald and $1 million from Anchor Labs, the company behind the crypto bank Anchorage Digital. The January 2026 contributions came amid $3 million in spending by the PAC for “issue advocacy advertising” with the Nxum Group, a marketing company co-founded by former White House crypto adviser and Tether US CEO Bo Hines.
Despite the significant contributions from Cantor Fitzgerald and Anchorage, Fellowship initially claimed to have “over $100 million” from undisclosed backers aligned with the crypto industry at its launch in September. FEC filings showed no receipts over $200 between Aug. 7, 2025 and Dec. 31, 2025, but did not necessarily include any contributions after March 31.
The 2024 US election season saw crypto-backed PACs spend hundreds of millions of dollars on media to support candidates they considered “pro-crypto” and to oppose those marked as “anti-crypto” by many in the industry. With party control of the US Congress hanging in the balance this year, PAC spending like Fellowship’s signals that the crypto industry could try to repeat their successes of 2024.
Related: US midterm election mirrors 2024 as crypto PACs move into Ohio races
In addition to its $3 million in advertising costs, the PAC reported in April that it had spent $1.5 million in media buys supporting Republican candidates in Georgia’s 14th Congressional District and candidates in US Senate races in Nebraska and Kentucky. Those three US states are scheduled to hold party primaries in May.
PAC’s ties to the crypto industry
Mitchell Nobel, listed as the PAC’s treasurer, has also been Cantor Fitzgerald’s director of digital asset strategy and policy since August 2025, roughly the same time Fellowship filed its statement of organization with the FEC.
Anchorage announced in March that it would be joining Chainlink to support the launch of the Blockchain Leadership Fund, a hybrid PAC that allows contributions directly to candidates as well as independent expenditures. An Anchorage spokesperson told Cointelegraph at the time that the company would make a “meaningful contribution” to be disclosed with the FEC, but no filing was public as of Wednesday.
Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt
Wall Street closed with S&P 500 and Nasdaq at fresh records as Tesla and Apple led a powerful tech rally while the Dow slipped.
Summary
- S&P 500 and Nasdaq close at all-time highs as megacap tech leads.
- Tesla jumps more than 7%, while Apple gains nearly 3% on heavy volume.
- Dow Jones slips as investors rotate into growth and AI-linked names.
U.S. stocks closed higher on Wednesday, with the S&P 500 and Nasdaq finishing at record levels as a renewed surge in technology shares overshadowed weakness in the Dow Jones Industrial Average.
Wall Street scales new peak on tech strength
According to market data compiled by Gate, the Dow slipped 0.15%, while the S&P 500 rose 0.8% and the Nasdaq added 1.59%, pushing both benchmarks to fresh all-time closing highs in New York.
Tesla shares rallied 7.6% to around $390 after recent losses, extending a rebound that has left the electric-vehicle maker up sharply from its intraday low near $362 earlier in the session.
Apple also advanced, climbing nearly 3% as investors rotated back into the largest U.S. technology and AI-linked names, helping to propel the tech-heavy Nasdaq to its latest record.
SanDisk, by contrast, fell 5.5%, highlighting ongoing dispersion within the broader technology complex even as headline indices notch new peaks.
The latest leg higher leaves the S&P 500 trading just below 7,000 points, extending a powerful run that has seen the index gain more than 16% over the past year alongside expectations for roughly 15% annual earnings growth, according to recent U.S. market research.finance.yahoo+1
Chinese companies listed in New York also participated in the move, with the Nasdaq Golden Dragon China Index up 0.7% and NetEase adding about 2%, underscoring renewed risk appetite for growth and internet names.
The advance comes against a backdrop of investors betting that resilient U.S. economic data, strong big-tech balance sheets and ongoing enthusiasm around artificial intelligence will continue to support equities, even as geopolitical tensions and higher-for-longer rates remain in focus.
In this environment, Wall Street strategists have pointed to April’s historical tendency to deliver strong equity performance, with the S&P 500 averaging gains of roughly 1.4% in the month over recent decades, reinforcing seasonal tailwinds behind the latest breakout.
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