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THIS WEEK IN MARKETS

01 · CoinTelegraph

Coinbase Launches Pre-IPO Perpetual Futures on SpaceX

02 · CNBC Tech

Broadcom Plunges 14% on Q2 Revenue Miss, Steady AI Outlook

03 · CoinTelegraph

Bitcoin Drops to $65K, Triggers $1.8B Liquidations

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Coinbase Launches Pre-IPO Perpetual Futures on SpaceX
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·2 min read

Coinbase Launches Pre-IPO Perpetual Futures on SpaceX

Coinbase launched pre-IPO markets with perpetual futures on SpaceX for non-US users allowing 24/7 trading settled in USDC that automatically transitions post-IPO. The move intensifies competition among crypto platforms to offer synthetic private market exposure as the tokenized RWA sector expands rapidly to $51 billion.

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Broadcom Plunges 14% on Q2 Revenue Miss, Steady AI Outlook
VERIFIEDBy Xavier Rivera·Markets· ·via CNBC Tech·2 min read

Broadcom Plunges 14% on Q2 Revenue Miss, Steady AI Outlook

Broadcom missed revenue estimates in its fiscal Q2 and saw shares plunge 14% after holding its $100 billion AI chip sales forecast for 2026 unchanged. The results highlight softening software sales even as AI revenue more than doubled and is expected to triple in the current quarter.

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Bitcoin Drops to $65K, Triggers $1.8B Liquidations
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·2.5 min read

Bitcoin Drops to $65K, Triggers $1.8B Liquidations

Bitcoin fell 8% to a nine-week low of $65,360 triggering $1.83 billion in crypto liquidations with $774.2 million from BTC longs alone. Traders now eye $60,000 as the key support level while exchange supply hits a three-month high signaling added selling pressure.

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Dell Shares Rocket 32%, Head for Best Day Ever on AI Surge
VERIFIEDBy Xavier Rivera·Markets· ·via CNBC Tech·1 min read

Dell Shares Rocket 32%, Head for Best Day Ever on AI Surge

Dell Technologies shares skyrocketed 32% and are on track for the company's best day ever after first-quarter earnings. AI server revenue jumped 757% year-over-year to $16.1 billion, driving the fastest revenue growth since 2018 and beating estimates on adjusted EPS of $4.86.

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CFTC Approves First Regulated Bitcoin Perps on Kalshi
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·2.5 min read

CFTC Approves First Regulated Bitcoin Perps on Kalshi

The CFTC approved the first regulated bitcoin perpetual futures on Kalshi's exchange and issued a no-action letter to Coinbase the same day. The move sets a compliance framework for U.S. firms and advances policies to position America as the crypto capital.

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CFTC Seeks to Vacate $5M Settlement With Gemini
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·2.5 min read

CFTC Seeks to Vacate $5M Settlement With Gemini

The CFTC has asked a federal court to vacate its $5 million settlement with Gemini, saying the original complaint relied on a whistleblower known to lack credibility. The move ends ongoing obligations for the exchange and adds to abandoned crypto enforcement actions under the Trump administration.

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Cash App Adds Fee-Free USDC Support on Ethereum and Solana
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·2.5 min read

Cash App Adds Fee-Free USDC Support on Ethereum and Solana

Cash App has introduced fee-free USDC stablecoin transactions on Ethereum, Solana, Polygon, and Arbitrum while automatically converting incoming holdings to USD balances. The expansion broadens Block's payments offerings beyond its longstanding Bitcoin focus despite CEO Jack Dorsey's past criticism of stablecoins as shifting power from one gatekeeper to another.

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Mastercard Secures NY BitLicense for Stablecoins Strategy
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1.5 min read

Mastercard Secures NY BitLicense for Stablecoins Strategy

Mastercard has secured a BitLicense from the New York Department of Financial Services as part of its long-term strategy supporting stablecoins and tokenized deposits. The approval reflects the company's compliance focus in digital assets, backed by significant resources, a planned $1.8 billion acquisition and new partnerships with firms including SoFi.

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IREN Shares Jump 4% on $1.6B Dell Blackwell AI Deal
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1.5 min read

IREN Shares Jump 4% on $1.6B Dell Blackwell AI Deal

IREN signed a $1.6 billion purchase agreement with Dell for air-cooled Blackwell systems to support its AI cloud contract and boost annualized run-rate revenue from $3.7 billion to $4.4 billion. The deal sent shares up 4% in pre-market trading and underscores rising demand for AI infrastructure among hyperscalers, enterprises and developers.

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Micron Hits $1 Trillion Market Cap for First Time
VERIFIEDBy Xavier Rivera·Markets· ·via CNBC Tech·1.5 min read

Micron Hits $1 Trillion Market Cap for First Time

Micron topped a $1 trillion market value for the first time on Tuesday as shares surged 19% on AI-driven demand for memory chips. The milestone highlights how explosive AI growth is lifting a new group of chipmakers beyond Nvidia's early dominance.

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UK Sanctions Huobi in First Banking-Style Crypto Crackdown
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·2 min read

UK Sanctions Huobi in First Banking-Style Crypto Crackdown

The UK sanctioned Huobi, a gold-backed stablecoin issuer and 16 other entities for supporting Russia's illicit financial networks, applying banking-style rules to crypto for the first time. The move requires UK firms to freeze assets and trace multi-hop blockchain transactions, with other regulators expected to study the precedent.

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MicroStrategy Buys Back $1.5B Notes at 8% Discount, Cuts Debt to $6.7B
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1.5 min read

MicroStrategy Buys Back $1.5B Notes at 8% Discount, Cuts Debt to $6.7B

MicroStrategy repurchased $1.5 billion of 2029 convertible notes for $1.38 billion cash at an 8% discount, cutting total outstanding notes from $8.2 billion to $6.7 billion. The debt reduction was praised for removing repayment uncertainty in 2028 but shares still fell 3% as both the stock and Bitcoin have declined sharply over the past year.

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SEC Approves Nasdaq Bitcoin Index Options on Phlx
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·2 min read

SEC Approves Nasdaq Bitcoin Index Options on Phlx

The SEC approved Nasdaq’s proposal to list cash-settled, European-style Bitcoin index options on the Philadelphia Stock Exchange under ticker QBTC. The products provide an alternative to spot Bitcoin ETF options with no physical delivery or early assignment risk, but trading cannot begin until the CFTC grants exemptive relief.

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OFAC Sanctions Six Ethereum Addresses Tied to Sinaloa Cartel
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

OFAC Sanctions Six Ethereum Addresses Tied to Sinaloa Cartel

OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network that converted drug proceeds into crypto as part of action against 11 individuals and two entities. The move raises compliance risks for crypto exchanges and virtual asset service providers by highlighting the cartel's use of blockchain technology.

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Echo Protocol Hit by $76.7M Exploit via Admin Key Breach
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·2 min read

Echo Protocol Hit by $76.7M Exploit via Admin Key Breach

An attacker minted about 1,000 unauthorized eBTC worth $76.7 million on Echo Protocol after compromising an admin private key on the Monad blockchain. The incident highlights ongoing DeFi security risks, with at least 12 protocols already exploited this month amid a broader 2026 surge in crypto hacks.

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Mubadala Boosts Bitcoin ETF Stake 16% to $566 Million
VERIFIEDBy Xavier Rivera·Markets· ·via Bitcoin Magazine·1.5 min read

Mubadala Boosts Bitcoin ETF Stake 16% to $566 Million

Mubadala Investment Company raised its stake in BlackRock’s iShares Bitcoin Trust by 16% to $565,616,051 in Q1 2026. The increase continues an unbroken accumulation streak and forms part of Abu Dhabi's strategy to diversify sovereign assets away from oil dependency.

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IREN Closes $3B Convertible Notes to Fund AI Shift
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1.5 min read

IREN Closes $3B Convertible Notes to Fund AI Shift

IREN Limited closes a $3 billion convertible senior notes offering to accelerate its shift from Bitcoin mining to AI infrastructure. The financing follows major agreements with Microsoft and Nvidia and reflects a broader industry move by miners toward AI and high-performance computing.

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Kraken Replaces LayerZero With Chainlink for Cross-Chain Assets
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1.5 min read

Kraken Replaces LayerZero With Chainlink for Cross-Chain Assets

Kraken is replacing LayerZero with Chainlink CCIP as the exclusive cross-chain infrastructure for its wrapped assets including kBTC, triggering the migration of over $3 billion in TVL. The shift follows a $292 million LayerZero-powered exploit on Kelp that exposed risks in legacy cross-chain setups and mirrors moves by other platforms.

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Nakamoto Shares Hit All-Time Low After $239M Q1 Loss
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1.5 min read

Nakamoto Shares Hit All-Time Low After $239M Q1 Loss

Nakamoto shares reached a new all-time low after the Bitcoin treasury firm posted a nearly $239 million net loss in Q1 and sold additional BTC. The stock is now down more than 99.5% from its 52-week high even as the company maintains a treasury of more than 5,000 BTC worth over $400 million.

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Solana Launches Testing for Alpenglow Consensus Overhaul
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Solana Launches Testing for Alpenglow Consensus Overhaul

Solana developer Anza has taken Alpenglow live for testing on a community test cluster, marking the biggest proposed consensus overhaul to date. The new architecture is intended to reduce finality times and improve network responsiveness as it advances toward a potential mainnet rollout.

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KDDI to Acquire 14.9% Stake in Coincheck for $65M
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1.5 min read

KDDI to Acquire 14.9% Stake in Coincheck for $65M

KDDI will acquire a 14.9% stake in Coincheck Group for $65 million in a deal expected to close in June. The business alliance signed alongside the investment focuses on revenue sharing, referrals and expanding crypto access across Japan.

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Square Enables Bitcoin for 1 Million US Merchants
VERIFIEDBy Xavier Rivera·Markets· ·via Bitcoin Magazine·2 min read

Square Enables Bitcoin for 1 Million US Merchants

Block Inc.’s Square has auto-enabled roughly 1 million U.S. merchants to accept Bitcoin payments via the Lightning Network with automatic USD settlements. The milestone underscores continuing growth in real-world Bitcoin adoption as everyday payment infrastructure.

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Galaxy Digital to Manage Sharplink's $125M Onchain Yield Fund
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Galaxy Digital to Manage Sharplink's $125M Onchain Yield Fund

Galaxy Digital will manage a new $125 million onchain yield fund receiving $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy. The deployment into DeFi protocols marks a shift in Sharplink’s treasury strategy while preserving its core ETH exposure.

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Binance AI Blocks $10.5 Billion in Crypto Fraud
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·2 min read

Binance AI Blocks $10.5 Billion in Crypto Fraud

Binance said its AI systems prevented more than $10.5 billion in user losses from the start of 2025 through Q1 2026 while intercepting 22.9 million scam attempts in the first quarter alone. The figures underscore AI's dual role in scaling crypto fraud to $17 billion in 2025 while powering over half of the exchange's fraud controls.

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Strategy CEO Outlines Specific Conditions for Bitcoin Sales
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·2 min read

Strategy CEO Outlines Specific Conditions for Bitcoin Sales

Strategy CEO Phong Le outlined that the company will sell Bitcoin only to cover dividends on its 11.5% STRC preferred stock and to manage taxes when such sales are accretive to BTC per share. The assurance comes after co-founder Michael Saylor's comments on periodic sales sparked investor concerns, with Le noting the firm's holdings represent over 4% of Bitcoin supply yet daily volume can absorb the impact.

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AWS Northern Virginia Data Center Overheats, Impacts Coinbase
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1.5 min read

AWS Northern Virginia Data Center Overheats, Impacts Coinbase

An AWS Northern Virginia data center overheated on Friday, impacting Coinbase trading and prompting cancel-only mode on its markets. The outage caused degraded performance for users while both companies work to restore services and confirm customer funds are safe.

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Coinbase Reports $394M Q1 Loss as Revenue Falls 31%
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1.5 min read

Coinbase Reports $394M Q1 Loss as Revenue Falls 31%

Coinbase reports a $394 million Q1 net loss and 31% revenue drop to $1.4 billion, with transaction revenue down 40% and shares falling over 5%. The results follow a 14% workforce cut and underscore challenges in the crypto market despite operational bright spots.

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BitMine May Slow ETH Buys After Amassing 4% Supply
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1.5 min read

BitMine May Slow ETH Buys After Amassing 4% Supply

BitMine Immersion Technologies may slow its Ethereum purchases after amassing more than 4% of the circulating supply and nearing its 5% target. Chairman Tom Lee cited other crypto opportunities and the firm’s diversified investments as reasons for a potential change in pace.

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Kraken Parent Payward Buys Reap for $600 Million
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1 min read

Kraken Parent Payward Buys Reap for $600 Million

Payward Inc., Kraken's parent, agreed to acquire Hong Kong stablecoin payments firm Reap Technologies for $600 million in cash and stock. The deal expands the company into Asian cross-border payments and marks its second major acquisition in a month after buying Bitnomial.

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Payward Closes $550M Bitnomial Deal, Securing CFTC Derivatives Stack
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1.5 min read

Payward Closes $550M Bitnomial Deal, Securing CFTC Derivatives Stack

Payward, the parent of Kraken, has acquired Bitnomial for up to $550 million in cash and stock. The deal provides a complete CFTC-regulated derivatives stack, enabling direct offering of regulated crypto products in the U.S. and following its earlier NinjaTrader purchase.

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Tether Reports $1.04B Q1 Profit, Starts Audit
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1 min read

Tether Reports $1.04B Q1 Profit, Starts Audit

Tether announced $1.04 billion in Q1 2026 profit and a record $8.23 billion reserve buffer despite crypto volatility. The stablecoin giant also began its first full audit by KPMG amid U.S. expansion and scrutiny.

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Meta Rolls Out Stablecoin Payouts for Creators
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Meta Rolls Out Stablecoin Payouts for Creators

Meta starts offering stablecoin payouts in USDC to select creators in Colombia and the Philippines, supported by Stripe. It marks the company's return to crypto payments years after abandoning Diem.

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Coinbase Premium Turns Negative as Bitcoin Losses Hit $6B
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Coinbase Premium Turns Negative as Bitcoin Losses Hit $6B

Bitcoin's Coinbase Premium turns negative, indicating fading U.S. demand amid a rally. Onchain data show $5.97 billion in realized losses on April 24, with U.S. investors exiting faster than foreign counterparts.

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ZetaChain Dismissed Bug Report Before $334K Exploit
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

ZetaChain Dismissed Bug Report Before $334K Exploit

ZetaChain dismissed a bug bounty report on a vulnerability that enabled a $334,000 exploit via its cross-chain gateway. The incident prompts a review of bug bounty processes and includes a patch rollout.

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Dunamu, Hana Financial Launch Live Blockchain Remittances with POSCO
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

Dunamu, Hana Financial Launch Live Blockchain Remittances with POSCO

Hana Financial, POSCO International and Dunamu have launched a blockchain remittance system into live trade transactions. The system, powered by GIWA Chain, aims to speed up and cheapen cross-border payments versus SWIFT.

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Mezo Launches Institutional Bitcoin Yield Vaults
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Mezo Launches Institutional Bitcoin Yield Vaults

Mezo launches Mezo Prime, bitcoin yield vaults with Anchorage Digital custody, backed and seeded by Bullish. The product highlights institutions' push to generate returns on idle BTC holdings without added risks.

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Celsius Founder Mashinsky Settles FTC Case for $10M
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

Celsius Founder Mashinsky Settles FTC Case for $10M

Celsius founder Alexander Mashinsky settled an FTC case with a $10 million payment linked to a mostly suspended $4.72 billion judgment. The order permanently bans him from asset-related promotions and preserves the FTC's option to revive the full amount over disclosure issues.

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Fake HKD Stablecoins Trade as Licensed Ones Await Launch
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Fake HKD Stablecoins Trade as Licensed Ones Await Launch

Hong Kong's central bank warns of fake stablecoins using HKDAP and HSBC tickers circulating before any licensed ones launch. The HKMA stresses no connection to authorized issuers as regulators push for caution amid the new Stablecoins Ordinance.

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KuCoin EU Hires AML Officer After Austrian Halt Order
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

KuCoin EU Hires AML Officer After Austrian Halt Order

KuCoin EU hires an AML officer and two deputies to address Austria’s FMA order halting its EU business over staffing shortfalls. The exchange awaits regulator approval to resume operations amid other global regulatory challenges.

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RedStone launches settlement layer for RWA DeFi lending
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

RedStone launches settlement layer for RWA DeFi lending

RedStone launches RedStone Settle, a settlement layer to enable tokenized RWAs as DeFi lending collateral by bridging fast liquidations and slow redemptions. It introduces onchain auctions for liquidity providers and could unlock over $30 billion in idle assets.

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CFTC Sues Wisconsin Over Prediction Markets Jurisdiction
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

CFTC Sues Wisconsin Over Prediction Markets Jurisdiction

The CFTC sues Wisconsin after the state targets prediction market platforms like Kalshi and Coinbase as unlicensed gambling. The action continues Chairman Mike Selig's campaign asserting exclusive federal jurisdiction over event contracts.

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Chiliz Expands 70+ Fan Tokens to Solana and Base
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Chiliz Expands 70+ Fan Tokens to Solana and Base

Chiliz expands over 70 fan tokens to Solana and Base using omnichain tech. The move targets a trading surge before the FIFA World Cup.

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Riot Platforms Fixes Rate on $200M Coinbase Loan
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Riot Platforms Fixes Rate on $200M Coinbase Loan

Riot Platforms switches its $200 million Coinbase loan to a fixed rate and extends maturity amid shrinking bitcoin holdings. The move offers cost certainty but heightens risks from loan-to-value triggers if bitcoin weakens.

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Paxos-Toku integration yields on stablecoin payrolls
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

Paxos-Toku integration yields on stablecoin payrolls

Paxos Labs integrates Amplify with Toku to let workers earn yield on stablecoin salaries in Toku wallets without moving funds. The update tackles idle payroll funds for Toku's $1B+ annual network spanning 100+ countries.

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Galaxy Delivers First Data Hall to CoreWeave, Boosts Helios to 1.6GW
VERIFIEDBy Xavier Rivera·Markets· ·via CoinDesk·1 min read

Galaxy Delivers First Data Hall to CoreWeave, Boosts Helios to 1.6GW

Galaxy Digital reports a narrowed Q1 net loss of $216 million and delivers its first Helios data hall to CoreWeave. The move supports expansion into AI infrastructure with over 1.6GW capacity approval.

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Core Scientific plans 1.5GW AI data center in Texas
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

Core Scientific plans 1.5GW AI data center in Texas

Bitcoin miner Core Scientific announces a 1.5GW AI data center campus at its Pecos, Texas site, repurposing 300MW of mining capacity. The expansion taps rising AI demand as miners seek new revenue amid tightening margins.

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Block Discloses $2.2B Bitcoin Holdings in Q1 Report
VERIFIEDBy Xavier Rivera·Markets· ·via Decrypt·1 min read

Block Discloses $2.2B Bitcoin Holdings in Q1 Report

Jack Dorsey's Block discloses 28,355 BTC worth $2.2 billion in its audited Q1 proof-of-reserves report. The transparency measure, including customer and treasury splits, allows on-chain verification amid industry push post-FTX.

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Israel Approves Shekel-Pegged BILS Stablecoin
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

Israel Approves Shekel-Pegged BILS Stablecoin

Israel’s Capital Market, Insurance and Savings Authority approves the BILS shekel-pegged stablecoin from Bits of Gold after a two-year Solana pilot. The move supports regulated crypto activities amid a strong shekel and booming global stablecoin market.

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Tennessee Crypto Kiosk Ban Takes Effect July 1
VERIFIEDBy Xavier Rivera·Markets· ·via CoinTelegraph·1 min read

Tennessee Crypto Kiosk Ban Takes Effect July 1

Tennessee bans crypto ATMs and kiosks effective July 1 under a new law signed by Governor Bill Lee. The measure targets scams linked to the machines, which number over 570 in the state and have cost victims $389 million per FBI data.

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MARA Launches Bitcoin Foundation with $100K Grant Vote
VERIFIEDBy Xavier Rivera·Markets· ·via Bitcoin Magazine·1 min read

MARA Launches Bitcoin Foundation with $100K Grant Vote

MARA Holdings launches the MARA Foundation to bolster the Bitcoin network across security, development, policy, and education, kicking off with a $100,000 community-voted grant. The move underscores the miner's commitment to Bitcoin's long-term health amid its shift toward AI and computing.

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