Crypto World
XRP Sentiment Hits 2-Year High as Price Stalls
XRP’s social sentiment has surged in recent days, even as the token remains largely consolidating below a key price barrier. Aggregated social data points to heightened optimism, while developers and traders parse how new real-world use could translate into price upside.
Key takeaways:
- XRP’s social sentiment has risen about 240% over the past 30 days, reaching a two-year high.
- Rocketing adoption signals emerged after Ripple announced XRP integration with Rakuten Pay, enabling loyalty points worth over $23 billion to be converted into XRP and used across millions of merchants.
- Technically, XRP faces immediate resistance around $1.40, with a potential breakout needing to clear the $1.40–$1.45 zone to target roughly $2.10.
- On-chain and cost-basis data point to near-term selling pressure near a cost area of roughly $1.40–$1.45, potentially creating a supply wall ahead of a bullish move.
- Market sentiment from Santiment notes XRP’s bullish discourse remains elevated, even as price actions show a measured, cautious tilt rather than an immediate breakout.
Rakuten Pay tie-up fuels XRP optimism
The latest wave of enthusiasm derives from XRP’s integration with Rakuten Wallet, a prominent Japanese payments ecosystem. Rakuten’s platform serves more than 44 million users, and the partnership allows loyalty points—valued at over $23 billion—to be converted directly into XRP, traded within Rakuten’s in-app environment, and spent at more than 5 million merchant locations via Rakuten Pay. Ripple described the rollout as “one of the largest retail deployments of XRP as a payment method to date,” highlighting a practical bridge between loyalty programs, payments, and crypto utility in a major economy.
Industry observers immediately flagged the potential ripple effects. Santiment noted XRP’s sentiment metrics spiked in response, citing that the Positive/Negative sentiment ratio now sits at about 3.9—levels not seen since early 2024. The data point aligns with the firm’s observation that the market is increasingly pricing in broader adoption rather than mere speculative chatter. In a separate note, Santiment explained that while news-driven hype doesn’t guarantee an instant price breakout, the accumulation of adoption signals often precedes more persistent bullish momentum once fear of missing out cools off.
Market participants also highlighted the broader narrative: as an established payments rails integration becomes visible in a major economy, XRP could transition from a speculative asset into a practical utility token for everyday spending. Traders who have watched the Ripple ecosystem emphasize that this is a different kind of catalyst—one tied to real-world spend and customer engagement rather than purely macro-driven flows.
Price action and the technical backdrop
Following a recent rally that lifted XRP about 18% from a local low near $1.27, the price stalled near $1.48, which sits at the upper boundary of a symmetrical triangle that has framed price action since February. To spark a sustained up-leg, bulls must push through the $1.40–$1.45 resistance corridor, an area that also encompasses the 50-day exponential moving average and the 100-day simple moving average. The alignment of these moving averages around that zone adds to its significance as a potential turning point.
From a supply-demand perspective, Glassnode’s cost-basis distribution heatmap points to roughly 2 billion XRP held at an average cost between $1.40 and $1.45. This concentration implies a sizable cluster of holders could place selling pressure near break-even, potentially tempering near-term upside unless fresh buyers step in to absorb that supply.
If the price can clear this supply zone, the measured target of the existing triangle lies near $2.10, about 50% above current levels. Several technicians have signaled that a move above $1.40 would not only invalidate the current consolidation but also set up a faster run toward the upper echelons of the recent trading range.
Market commentary from peers echoed a cautious anticipation. ChartNerd, in a Friday X post, suggested a substantial move could be brewing once resistance above $1.40 is cleared. This view dovetails with broader coverage that notes XRP would need to sustain a move beyond $1.40 to shift the trend from consolidation to a sustained uptrend.
Meanwhile, the price context remains clear: XRP has retraced a portion of its late-2024/early-2025 run, with a long-term high near $3.66 set in July 2025. The current price level sits well below that peak, underscoring the distance to the prior highs even as adoption stories intensify. This dynamic helps frame why the market is paying attention to the Rakuten Pay development—because it could alter the typical risk/reward calculus for XRP holders if real-world usage compounds over time.
What to watch next in XRP’s evolution
Investors should monitor whether the Rakuten Pay integration translates into measurable activity in XRP on-ramps and spend velocity across Japan’s ecosystems. If the price can push decisively through the $1.40–$1.45 zone, a path toward the $2.10 target could materialize, yielding a roughly 50% uplift from current quotes. Conversely, a failure to clear this resistance with robust volume may extend the current consolidation, especially if cost-basis holders defend that $1.40–$1.45 band.
Beyond pure price action, the broader adoption signal is crucial. A sustained uptick in XRP-use cases would shift the narrative from speculative sentiment to tangible utilization, potentially supporting a more durable uptrend should retail and merchant uptake continue to grow. Conversely, if the Rakuten integration encounters friction or a slower-than-expected uptake, the rally could be tempered, reinforcing the view that the early enthusiasm may fade into a longer, sideways phase before any decisive breakout.
Analysts caution that sentiment data, while informative, does not guarantee immediate price moves. As Santiment observers noted, the current bullish chatter often accompanies a wave that subsides after the initial euphoria. Still, the combination of a major payments ecosystem integration and a favorable technical setup could set the stage for a noteworthy shift in XRP’s trajectory if buyers sustain the bid above the critical resistance band.
Readers should keep an eye on how liquidity evolves around the $1.40–$1.45 range, whether further utility-driven catalysts emerge, and how the macro environment influences risk appetite in cross-asset crypto markets. The next few weeks will be telling for whether XRP can convert social and on-chain optimism into a durable price breakout or if the market lapses into a longer period of accumulation below the high-water marks seen in 2025.
Greg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
David A. Grogan | CNBC
OMAHA, Nebraska — At the shareholder shopping day that kicks off Berkshire Hathaway‘s annual meeting, the mood in the air was cautiously optimistic as new and returning investors weighed the company’s direction under a new chief executive.
Shareholders in a noticeably thinner crowd Friday expressed skepticism that Greg Abel, who took over as CEO in January, will command the stage with the same storytelling and wit that Warren Buffett and Charlie Munger used to enrapture tens of thousands of attendees for decades. At the same time, they also expressed confidence in Buffett’s pick to take over the conglomerate, as the billionaire investor has been effusive in his praise for Abel over the years.
“I spent a lot of time studying Greg,” said Robert Hagstrom, chief investment officer at EquityCompass Investment Management. “I think he’s not only the right guy — and he’s been vetted for so many years by so many people — but he’s the right guy at the right time.”
Hagstrom, who wrote on Buffett’s investing principles in “The Warren Buffett Way,” has said that Abel will bring an operational expertise that will align with Berkshire’s future.
That confidence in Buffett’s pick was echoed through the convention center. Peter Yang, an international trade business owner who traveled 18 hours from Hong Kong to Omaha, was attending the gathering for the first time. He bought Berkshire shares last year after Buffett signaled his plan to step down as chief executive. Yang said he’s at ease with the transition, noting that Buffett’s endorsement of Greg Abel gives him confidence in the succession.
“I have confidence in Greg because Warren wouldn’t hand over the reins to someone who isn’t capable. I’m not concerned about the company,” Yang said.
Like other shareholders, Kim Shannon, founder and co-CIO of Sionna Investment Managers, a boutique asset management firm based in Toronto, expressed skepticism that Abel will be as entertaining on stage as Buffett and Munger have been but said that she nevertheless expressed confidence that the principles of Berkshire will continue.
“I think we’ll be all cautious about the legacy continuing, but I think some of his comments in the annual report this year, about continuing the legacy suggests that it was structured to withstand the test of time,” said Shannon. “And we’ll find out over time.”
“For institutional investors like myself, the reason for being here is not just what happens on stage during the day at the annual meeting, it’s about meeting your peers in the group,” Shannon also said. “And so, for me, it’s already been a win, and tomorrow may be a bonus.”
The official pivot
Among the first-time attendees was a farmer in her 60s from Wahoo, Neb., who said she made the trip after buying Berkshire stock five years ago. She expressed unwavering confidence in Buffett and said she views Abel as a trusted successor who has long served as Buffett’s right-hand man.
Still, she pointed to mounting economic pressures, including inflation and affordability, as top of mind, adding that she hopes Abel will address those challenges more directly as he steps further into the spotlight.
Over on the East Coast, Wanda Lee and Susan Chan decided to skip the conference this year and stream it instead from Chan’s home in Asbury Park, N.J. The two friends have been going to the annual meeting off and on for roughly 15 years, leaving their husbands at home for a girls’ trip to Omaha. But Lee said that they’re taking a pause this year as they process the leadership transition, though they expressed faith that Buffett has good judgment in choosing Abel. She also has no plans on getting rid of her Berkshire Class B shares, which she first invested in 17 years ago.
“Saturday begins the official pivot in Berkshire Hathaway,” EquityCompass Investment Management’s Hagstrom said. “And the whole world is going to get to see it.”
Stablecoin yield would be prohibited under a newly released agreement addressing that contentious part of the crypto market structure legislation in an approach that’s broadly similar to what’s been discussed since the start of the year.
The new section of proposed Digital Asset Market Clarity Act text released Friday revealed that the compromise hashed out by U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) would ban stablecoin issuers from offering yield based on just holding stablecoin reserves. It contends that “depository institutions provide financial services that are integral to the strength of the American economy,” and stablecoin issuers offering similar services “may inhibit” these institutions.
Coming to an agreement means there’s likely nothing in the way of a Senate Banking Committee hearing (known as a markup) that could finally advance the legislation another key step in its progress through the Senate, though there are a number of other negotiation points that haven’t been publicly resolved.
“Mark it up,” Coinbase CEO Brian Armstrong wrote in a posting on social media site X. His company had been at the center of the talks and potentially had the most to lose from restriction on stablecoin rewards.
Coinbase’s chief legal officer, Paul Grewal, said in a separate post that this language “preserves activity-based rewards tied to real participation on crypto platforms and networks, which is what the bank lobby said they wanted,” adding that “we’re focused on getting a bill done and are satisifed that this language should not be the basis of any objection.”
In its legalese, the new text reads, “No covered party shall, directly or indirectly, pay any form of interest on yield (whether in cash, tokens, or other consideration) to a restricted recipient — (A) solely in connection with the holding of such restricted recipient’s payment stablecoins; or (B) on a payment stablecoin balance in a manner that is economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.”
This restriction does not apply to incentives “based on bona fide activities or bona fide transactions” that are different from yield generated by interest-bearing bank deposits, the text said, maintaining an approach to rewards that’s similar to what financial firms offer on credit card activity. The restriction does apply to loyalty programs or similar efforts.
Senators Alsobrooks and Tillis have been negotiating details of the text for the last few months, after a Senate Banking Committee markup on the overall Clarity Act was postponed last-minute in January. Since then, bank lobbyists and crypto insiders have been weighing in on the compromise effort, sometimes in session hosted by the White House.
In March, the lawmakers had said they’d struck an agreement that blocked crypto firms from offering yield that looked like deposit interest but did allow them to structure rewards programs that didn’t rival banks’ core products.
In a statement, Digital Chamber CEO Cody Carbone said the trade association “welcomes the public release of stablecoin yield language as an important step toward resolving one of the final issues standing between the Committee and a markup. We are encouraged to see this process moving forward and will continue advocating for the power of rewards to drive consumer utility, competition, and innovation across the digital asset ecosystem.”
UPDATE (May 1, 2026, 21:54 UTC): Adds comments from Coinbase executives.
Historically, crypto markets have been driven by a dominant narrative. Not today.
In one corner, miners are trying to break free of four-year cycles. IREN is being recast as an AI infrastructure company, with analysts pointing to data centers and compute demand as the real growth engine. In another corner, BitMine is doing the exact opposite, pouring billions deeper into Ether (ETH) even as losses mount.
The disconnect doesn’t stop there. Stablecoin balances have ballooned to over $300 billion, yet activity has dropped sharply. It reflects capital waiting, with no clear consensus on what comes next.
Meanwhile, institutions are building a parallel track. Tokenized Treasurys are now being used as collateral on exchanges, linking traditional finance and crypto markets more tightly than ever.
This week’s Crypto Biz delves into a market pulling in different directions.
Bernstein sees IREN pivoting from Bitcoin mining to a $3.7B AI cloud business
Analysts at Bernstein are reframing the story around IREN, arguing the company’s future may depend less on Bitcoin (BTC) mining and more on building out AI-focused data center capacity.
In a new report, Bernstein highlights IREN’s access to large-scale energy infrastructure as a key advantage, positioning it to support high-performance computing workloads tied to artificial intelligence.
IREN’s AI cloud segment could grow into a multibillion-dollar business over time, with estimates pointing to a potential $3.7 billion valuation. The company has already begun expanding its data center footprint and securing financing to support this shift, signaling a longer-term strategy that extends beyond crypto mining.
The transition reflects a broader trend among miners seeking more stable and diversified revenue streams as economic conditions in the mining sector deteriorate.
AI cloud is expected to become IREN’s dominant revenue stream very soon. Source: Bernstein
BitMine stacks another 101,000 ETH as unrealized losses grow
Tom Lee’s BitMine added another 101,000 ETH to its balance sheet, doubling down on its accumulation strategy even as its existing holdings remain deeply underwater. The latest purchase brings total investment to roughly $17.6 billion, reinforcing the company’s position as the largest corporate holder of Ether.
That aggressive buying streak comes amid more than $6.5 billion in unrealized losses, reflecting Ether trading well below BitMine’s average acquisition price, $2,248.55 at last look versus the average $3,621.34, according to DropsTab data.
The scale of the drawdown underscores the risk of concentrating corporate treasuries in a single volatile asset, especially when accumulation continues during price weakness.
BitMine is deeply underwater on its ETH position. Source: DropsTab
Stablecoin supply rises as transfer volume drops nearly 20%
Stablecoin transfer activity fell sharply over the past month, with total volume dropping 19% to about $8.3 trillion, even as the overall market continued to expand, according to RWA.xyz data. At the same time, total supply climbed above $305 billion, while the number of holders and active addresses also edged higher.
The divergence points to a buildup of capital that isn’t moving. More dollars are entering or staying in stablecoins, but fewer are being used across blockchains. In practical terms, liquidity is rising, but activity is slowing, suggesting that users are holding rather than deploying funds.
Flows across individual assets tell a similar story. Tether’s USDt (USDT) led inflows with roughly $3.6 billion added, followed by USDC (USDC), while USDe (USDE) and PayPal USD (PYUSD) saw outflows.
Net flows of stablecoins over the past 30 days. Source: RWA.xyz
OKX brings BlackRock’s tokenized Treasurys fund into trading collateral
OKX has added BlackRock’s tokenized US Treasurys fund, BUIDL, to its platform, allowing institutional clients to use the asset as trading collateral. The integration is part of a new framework developed with Standard Chartered, where the fund can be posted as margin while remaining in regulated custody with the bank.
The setup changes how collateral works on crypto exchanges. Instead of parking cash or stablecoins that sit idle, clients can hold a yield-bearing Treasury-backed asset and still use it to support trading activity.
In some cases, the collateral stays off-exchange under Standard Chartered’s custody, while OKX mirrors it for trading — a structure designed to reduce counterparty risk without interrupting execution.
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Several Bitcoin (BTC) data points suggest that $80,000 is the next destination for the cryptocurrency. Bitcoin gained 2.52% to trade above $78,800 on Friday after holding support at the 100-day exponential moving average. Spot market buy volumes also strengthened while the cumulative volume delta (CVD) reached 11,500 BTC, its highest level since Feb. 17.
BTC futures activity is picking up, with the open interest rising 6.64% to 257,000 BTC, indicating fresh positioning.
Bitcoin’s daily trend recovery shows fresh positioning
Bitcoin rebounded from its 100-day exponential moving average (100-EMA) after retesting the daily trend over the past two days. The move lifted the price by 2.52% to $78,800 on Friday, holding the short-term uptrend intact.
The 100-day EMA, currently acting as dynamic support on the daily chart, suggests that the higher time-frame chart remains bullish.
BTC/USDT on the one-day chart. Source: Cointelegraph/TradingView
The spot demand is strengthening at the same time. The spot cumulative volume delta (CVD), which tracks net buying versus selling, reached 11,500 BTC, a new high since Feb. 17. This indicates buyers are absorbing the supply during the recent dip.
Derivatives positioning is expanding in tandem with price, pointing to fresh participation. The aggregated open interest has risen 6.64% to 257,000 BTC over the past 24 hours, indicating new positions are being added as Bitcoin consolidates below $80,000.
BTC price, spot, and futures CVD. Source: Velo
This follows a recent leverage flush of roughly 9,000 BTC, suggesting that excess positioning has been cleared as the leveraged market rebuilds.
The futures CVD adds further context. Futures volume has recovered to 98,300 BTC, signaling a return of net buying pressure. However, it remains below the levels seen during the April 27 correction, suggesting trader positioning is still developing.
At the same time, liquidity continues to cluster in the $78,000–$80,000 range, with $2.1 billion in short positions at risk, which could lead to a short squeeze near the key level.
Bitcoin liquidation heatmap. Source: CoinGlass
Related: Bitcoin ETFs draw $2B in April for highest monthly inflows this year
BTC demand from institutions tightens the available supply
BTC institutional activity continues to lean supportive. The 30-day change in OTC desk balances has fallen to around -20,700 BTC, matching levels last seen in March 2025. The lower balances indicate BTC moving off desks, reducing the immediately available supply.
Bitcoin: Total OTC desk balance. Source: CryptoQuant
The exchange-traded fund (ETF) flows show a similar pattern. With ETF flows reaching $1.97 billion in April. Bitcoin research newsletter Ecoinometrics noted a nine-day streak of inflows, the longest in 2026.
Ecoinometrics explained that while the pace of inflows is moderate, the consistency has improved, adding,
“The last time flows showed this kind of persistence was right before the October 2025 peak. Not saying we’re there yet, but it tells you the direction is improving.”
The near-term focus is on how long flows sustain themselves and whether liquidity above $80,000 thins as spot, futures, and institutional participation increase.
ETF inflow streak improves for Bitcoin. Source: Ecoinometrics/X
Related: Bitcoin’s $75K cost basis emerges as key support zone for current bull trend
Pi Network has set May 11 as the activation date for Protocol 23, the upgrade that introduces full smart contract functionality to the Pi blockchain and transforms the network from a mobile mining project into a programmable platform capable of supporting DeFi applications and real-world asset tokenisation.
Summary
- Pi Network Protocol 23 lands on May 11, moved one week earlier from the previously announced May 18 date, four days after co-founders Dr. Chengdiao Fan and Nicolas Kokkalis speak at Consensus 2026 in Miami.
- Protocol 23 enables developers to build decentralised exchanges, lending protocols, automated tools, and tokenised asset products on Pi for the first time, completing the transformation Protocol 22 began on April 27.
- The network currently has 421,000 active Mainnet nodes, over 10 billion PI migrated to Mainnet, and a market cap of approximately $1.73 billion as of late April 2026.
Pi Network confirmed May 11 as the Protocol 23 activation date, following the completion of the mandatory Protocol 22 upgrade on April 27. CoinMarketCap confirmed that Protocol 23 was moved forward from May 18 to May 11 as part of Pi’s accelerated upgrade cycle, timed to land shortly after the Consensus 2026 conference in Miami where both co-founders are scheduled to speak on May 6 and May 7.
As crypto.news reported, Pi Network is an official sponsor of Consensus 2026, with co-founder Dr. Chengdiao Fan speaking May 6 on aligning Web3, AI, and blockchain for utility, and co-founder Nicolas Kokkalis joining a May 7 panel titled “How to Prove You’re Human in an AI World (Without Doxing Yourself).” Protocol 23’s May 11 date creates a tight strategic sequence: public stage appearance at Consensus on May 6 and 7, followed four days later by the most consequential technical upgrade in Pi’s seven-year history. Protocol 22 removed all non-compliant nodes that had failed to upgrade, enforcing network synchronisation and establishing the stable base required for smart contract execution. Protocol 23 builds on that foundation by enabling developers to write and deploy programmable contracts directly on Pi’s Mainnet, unlocking decentralised applications, token launches via the Pi Launchpad, a native decentralised exchange, and real-world asset tokenisation.
As crypto.news tracked, the Protocol 22 deadline on April 27 disconnected non-compliant nodes and moved the network to Stellar Core 22 under software version 0.5.4, the prerequisite for the smart contract infrastructure Protocol 23 introduces. Pi competes in the proof-of-personhood space with Worldcoin and Humanity Protocol, and the Consensus appearance positions Protocol 23 as part of a broader AI-era identity and programmable finance argument rather than a standalone technical release.
TLDR:
- Bitcoin futures open interest rises 5.92% to $57.621B as leverage builds faster than spot price moves
- Binance leads BTC derivatives with $10.55B, followed by Gate, Bybit, and OKX in rising exposure
- Stable Bitcoin price near $78K contrasts with surging leverage, showing compressed market structure forming
- Open interest near the $60B zone historically precedes sharp volatility shifts and liquidation-driven moves
Bitcoin futures open interest rises as derivatives exposure expands across major exchanges while Bitcoin trades near $78,000.
CoinGlass data shows leverage building rapidly to $57.621 billion, reflecting intensified positioning activity ahead of a potential volatility expansion across the market structure.
Leverage built into Bitcoin futures open interest across major exchanges
Bitcoin futures open interest increased 5.92 percent within 24 hours, reaching $57.621 billion across leading derivatives platforms. The rise reflects fresh leverage entering the market rather than position closure.
CoinGlass data shows Binance dominating Bitcoin futures open interest with $10.553 billion in BTC contracts. Gate follows with $5.323 billion, while Bybit and OKX maintain $4.725 billion and $3.349 billion, respectively.
The distribution shows concentration remains high among top exchanges, although participation is gradually broadening. This structure indicates that leveraged exposure is not isolated but spread across multiple trading venues.
Bitcoin futures open interest expansion aligns with relatively stable spot movement near $78,000. This divergence suggests traders are positioning aggressively without strong directional confirmation in price action.
Such behavior typically forms when derivative activity builds faster than underlying asset momentum. Market participants appear to be preparing for breakout conditions while maintaining leveraged exposure on both sides.
Market compression signals a potential volatility shift in Bitcoin futures open interest
Bitcoin futures open interest nearing $57.621 billion places the market close to historically sensitive zones around $60 billion. Previous cycles show similar levels preceding sharp directional moves.
Price action remains compressed despite rising leverage, creating conditions where volatility is temporarily suppressed. This structure often leads to sudden repricing once the imbalance in positioning resolves.
A breakout scenario in Bitcoin futures open interest could trigger short liquidations if resistance levels are breached. This would result in accelerated buy-side pressure across derivatives markets.
On the downside, a price drop could unwind leveraged long positions quickly, producing a fast liquidation cascade. Such moves typically occur when crowded positioning meets weak support levels.
Exchange-level data confirms that Bitcoin futures open interest growth is not isolated to a single platform but is distributed across major venues. This reinforces systemic leverage buildup rather than localized speculation.
Trading activity remains active but not euphoric, indicating structured participation instead of retail-driven spikes. This environment often precedes sharp volatility once directional bias is established.
Bitcoin futures open interest continues to act as a key indicator of market positioning intensity. With leverage rising faster than spot movement, the market structure remains sensitive to sudden shifts in sentiment and liquidity.
Crypto VC funding slid to $659m across 63 April deals, a 74% drop from March that drags monthly flows back to 2024 lows even as DeFi and AI still attract capital.
Summary
- Cointelegraph data show crypto venture funding fell to $659 million across 63 deals in April, down 74% from $2.6 billion and 84 rounds in March.
- Since peaking at $3.84 billion in October 2025, monthly crypto VC flows have trended lower even as 2026 year‑to‑date funding still totals about $5.64 billion.
- DeFi led sector activity with 12 deals, while blockchain services and AI‑linked crypto projects each saw 8 rounds; market maker GSR’s VC arm was the most active investor, with Tether, Animoca Brands, and Coinbase Ventures close behind.
The crypto venture market hit a fresh air pocket in April, with Cointelegraph reporting that startups in the sector raised just $659 million across 63 funding rounds.
April’s funding cliff takes crypto VC back to 2024 levels
That marks a 74% month‑on‑month drop from March’s roughly $2.6 billion and 84 deals, sending monthly volumes back to their lowest level since 2024 and underscoring how quickly risk appetite has cooled after a burst of early‑2026 optimism.
By Cointelegraph’s count, total crypto VC financing so far in 2026 stands at about $5.64 billion, still substantial but well below the run‑rate implied by October 2025’s local peak, when funding reached around $3.84 billion in a single month.
From October 2025 peak to slow‑motion reset
Since that October 2025 high, monthly funding volumes have been grinding lower in parallel with token prices.
Industry trackers cited by Cointelegraph say global crypto market capitalization has dropped roughly 37% over the same period, compressing valuations and leaving many late‑stage investors nursing mark‑downs.
February already offered a warning shot: Phemex tallied about $866 million raised across 62 deals that month, down 46% from January, with DeFi and AI projects still attracting capital but at smaller ticket sizes.
April’s $659 million figure suggests that slowdown has now deepened into a full‑blown reset, with fewer large growth‑stage rounds and a higher bar for new token launches after data showed roughly 85% of 2025 issuances trade below their issue price.
Where the money still goes—and who is writing checks
Even in a quieter month, some pockets of activity stood out.
DeFi protocols led with 12 deals, followed by 8 for blockchain infrastructure and services and another 8 for AI‑adjacent crypto projects, reflecting continued interest in both core financial primitives and tooling for the emerging “agent” economy.
On the investor side, Cointelegraph’s breakdown highlights the venture arm of market maker GSR as April’s most active backer, participating in four separate raises spanning trading infrastructure and liquidity tooling.
Heavyweights such as Tether, Animoca, and Coinbase Ventures also remained present, each joining three deals, often in smaller, earlier‑stage rounds rather than the nine‑figure growth checks that defined the last cycle’s peak.
For founders, the message is clear: capital is still available, but investors are more selective and more price‑sensitive, with an emphasis on products that can survive leaner market conditions and plug directly into real usage rather than trading purely on narrative.
For the broader market, a slower VC tape tends to mean fewer new tokens hitting exchanges—and more scrutiny on whether existing projects can deliver on their roadmaps without relying on another wave of easy money.
SBI Holdings has begun talks to acquire the Bitbank exchange, expanding its crypto footprint in Japan amid strategic sector consolidation. The move would strengthen Ripple-linked infrastructure as SBI deepens its digital asset strategy across institutional and retail channels. Regulatory changes in Japan are supporting broader institutional participation in crypto markets, contributing to financial modernization of the economy.
Ripple Affiliate SBI Holdings Advances Bitbank Acquisition Plans
SBI Holdings confirmed talks with Bitbank after signing a letter of intent to advance potential acquisition discussions in the Japanese market. The company aims to make Bitbank a consolidated subsidiary after completion of due diligence and regulatory approvals. Final structure and timing depend on approvals and ongoing assessments by relevant authorities in Japan.
SBI says it seeks greater control over Bitbank to strengthen group integration and operational efficiency across subsidiaries. The firm plans to leverage synergies across its crypto-related units to support expansion and market penetration, boosting scalability. It notes Bitbank’s strong security record as a key factor in its evaluation of the competitive exchange landscape.
By welcoming Bitbank into its group, SBI aims to build domestic dominance in the crypto sector over the coming years. SBI also notes potential regulatory shifts under the Financial Instruments and Exchange Act framework reform direction for risk management. The company expects greater market consolidation as rules evolve and compliance standards tighten across ecosystems.
Metaplanet Expands Bitcoin Strategy Through Bond Financing
Metaplanet continues expanding its Bitcoin holdings through capital-market fundraising strategies in response to growing institutional demand and momentum. The firm recently issued fifty million dollars in bonds to purchase more Bitcoin through a structured debt-financing process. This move reflects rising corporate interest in Bitcoin accumulation strategies in Japan amid global treasury diversification trends.
Metaplanet strengthens its position as institutional adoption of Bitcoin grows globally on corporate balance sheets. The company aligns its treasury strategy with digital-asset diversification trends in a competitive, efficiently managed financial environment. Market participants view this as part of a broader corporate crypto shift driven by macroeconomic uncertainty.
Bond issuance allows Metaplanet to expand Bitcoin exposure without immediate equity dilution for existing shareholders. The firm continues to build a long-term digital-asset reserve strategy with disciplined capital allocation. Japan’s corporate sector shows growing interest in Bitcoin-based financial structures and structured investment vehicles.
SBI Broadens Crypto Ecosystem Through Partnerships and Acquisitions
SBI has partnered with Visa to develop crypto-linked payment card services to expand digital payments adoption across Japan. The program lets users convert rewards into major digital assets through an integrated fintech infrastructure and rewards system. The initiative connects traditional payments with blockchain-based settlement systems, supporting faster transaction processing and cross-border payment efficiency.
SBI previously acquired BitPoint Japan to expand its domestic crypto footprint and strengthen its exchange-network presence. The group continues consolidating operations to improve efficiency across subsidiaries and reduce operational redundancy. It seeks a stronger position in regulated digital-asset markets under evolving compliance frameworks.
Japan’s evolving regulations create opportunities for large financial conglomerates in the digital finance sector. SBI positions itself for long-term growth in the crypto sector through strategic investment alignment. The company expects integration across exchanges and payment systems to accelerate as the ecosystem matures.
Crypto World
Berkshire Hathaway’s shopping extravaganza draws lighter crowds as spotlight shifts to Greg Abel
Squishmallow display the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Sarah Min | CNBC
OMAHA, Nebraska — At the cavernous exhibit hall inside CHI Health Center Omaha, the annual “Berkshire Bazaar of Bargains” is still stocked with fan-favorite deals, just with a bit more breathing room this year.
The 20,000-square-foot shopping event tied to Berkshire Hathaway‘s annual meeting features its usual lineup: Warren Buffett-themed gear from Brooks Sports and chocolate coins from See’s Candies, alongside merchandise from dozens of subsidiaries. But unlike past years, lines were shorter and the crowds noticeably thinner.
The event came as Buffett, the 95-year-old chairman who has defined the gathering for decades, is no longer expected to headline the marquee Q&A session in the same way, ceding the spotlight to Greg Abel, who took over as CEO at the beginning of 2026.
Abel made a point of stopping by every booth in the hall, greeting employees and shaking hands with shareholders. Lines of shareholders formed as he made his way through the hall.
Greg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
David A. Grogan | CNBC
Squishmallows — the plush toy phenomenon owned by Jazwares that Berkshire gained through its 2022 acquisition of Alleghany Corporation — once again pulled in crowds, including for a new Abel-themed plush.
Adam Padawer, president of Jazwares, told CNBC that Abel was “engaged, interested and involved,” noting the CEO helped design his own Squishmallow. The company also partnered with other Berkshire brands including BNSF Railway, NetJets, GEICO and See’s Candies on special-edition versions.
Squishmallow display the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Sarah Min | CNBC
Squishmallows on display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
Squishmallows on display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
Squishmallows on display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
See’s Candies — one of Berkshire’s most iconic brands — leaned into the moment with shelves of themed chocolate treats and cardboard cutouts of Buffett and Abel playing hockey, a nod to Abel’s Canadian roots and well-known love of the sport.
See’s Candies display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
See’s Candies display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
Brooks Running was also leaning into the Berkshire fandom, selling a 2026 special edition of its running shoes featuring “Berkshire Hathaway” branding along the side and on the insoles.
Nearly 2,000 shareholders are expected to take part in the Brooks “Invest in Yourself” 5K fun run and walk on Sunday morning following the annual meeting, with participants set to tackle a new course this year.
A Brooks show on display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
Justin Boots display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
A Pilot display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Yun Li | CNBC
Signage for Marmon Holdings on display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.
Sarah Min | CNBC
TLDR:
- McLaren joins Hedera Council, expanding governance reach and fan-driven digital collectibles rollout
- Agent Lab enables no-code AI agents on Hedera, integrating LangChain and Stablecoin tools
- FRNT stablecoin and tokenized RWAs push enterprise adoption across regulated blockchain systems
- Hedera surpasses 70B transactions as institutional players expand usage across finance and AI stacks
The HBAR Hedera ecosystem has progressed notably across governance, AI development, and enterprise adoption during 2026.
The recent McLaren joining of the council, Agent Lab launches, and tokenization activity expand across regulated finance, stablecoins, and global enterprise infrastructure networks in the 2026 period
Governance Expansion and McLaren Entry
McLaren Racing joined the Hedera Governing Council in 2026, expanding governance participation across global enterprise members and reinforcing institutional coordination within the network.
McLaren introduced digital collectibles across Formula 1 and IndyCar race weekends during the 2026 season, linking fan engagement to on-chain interactions through simplified access systems.
Council membership includes firms such as Google, IBM, NVIDIA, Deutsche Telekom, and Standard Bank, expanding enterprise representation across governance decisions.
McLaren’s participation aligns with the network’s focus on consumer engagement, digital assets, and data integrity across enterprise-grade infrastructure.
HederaCon 2026 is scheduled in Miami Beach alongside major industry events, including the Formula 1 Miami Grand Prix and Consensus 2026 discussions.
Simplified onboarding through Web2 social sign-in systems allows users without blockchain wallets to interact with Hedera-based applications and collectibles.
Sustained council expansion supports protocol governance, enterprise adoption, and integration of real-world applications across multiple sectors.
Network coordination continues through enterprise validators and governance participants who contribute to system reliability.
McLaren-branded collectibles expand consumer-facing blockchain interaction across seasonal racing events and digital ecosystems supported by Hedera infrastructure.
Such sustained participation from global enterprises reinforces operational scalability across Hedera. This is as governance coordination maintains alignment between consumer applications, tokenization frameworks, and regulated digital asset infrastructure throughout the 2026 development network growth cycle
Agent Lab and Enterprise AI Stack
Agent Lab launched in March 2026 as a browser-based environment for building on-chain AI agents across simplified development modes.
It integrates frameworks such as LangChain and Vercel AI SDK, enabling developers to deploy AI agents with reduced technical complexity.
Agent Lab connects to Hedera Agent Kit, enabling streamlined deployment of AI-driven applications across blockchain infrastructure systems.
Planned updates introduce Stablecoin Studio plugins, supporting token swaps, lending operations, and automated financial workflows within enterprise systems.
Verifiable Compute collaboration with NVIDIA and Deloitte enhances AI auditability, providing structured logs for regulated enterprise environments requiring transparency.
These developments align enterprise infrastructure with automation, compliance, and real-world asset interaction across financial and industrial use cases.
Developer adoption increases through low-code interfaces that reduce complexity for blockchain application creation and integration workflows.
Enterprise participants use these tools to support scalable deployments across regulated environments and tokenized financial systems.
Hedera-based infrastructure continues supporting interoperability across enterprise networks, enabling coordinated data processing, digital asset settlement, and AI-driven automation across multiple industry sectors.
Integration between AI tooling and blockchain infrastructure strengthens enterprise workflows, while supporting verifiable computation, tokenized settlement processes, and scalable application deployment across regulated digital ecosystems within enterprise technology governance frameworks and systems
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