ARK Invest CEO Cathie Wood has raised her five-year Bitcoin bull-case price target to $1.25M, with a base case of $750,000. If you’re new to crypto, the number is less important than understanding what it actually means. Bitcoin is currently trading around $77,000, down around -0.5% on May 26, 2026, well below the $80,000 psychological
Pro-crypto Democrat Christian Menefee defeated longtime Representative Al Green in the Democratic primary runoff for Texas’ redrawn 18th Congressional District. Summary Menefee defeated longtime incumbent Al Green after Fairshake-linked PACs made the race a crypto test. Fairshake affiliate Protect Progress spent millions backing Menefee and opposing Green before Tuesday’s runoff vote. Green’s loss may push
The Smarter Web Company has increased its Bitcoin holdings after buying another 10 BTC, adding to its growing treasury strategy. Summary The Smarter Web Company purchased 10 more Bitcoins and raised its total holdings to 2,869 BTC. The company used its Coinbase credit facility to support its Bitcoin treasury strategy while keeping leverage at about
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon. “Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” he
Hyperliquid has added validator-settled outcome markets for offchain events under its HIP-4 upgrade, expanding its trading system beyond perpetual futures into prediction markets. Summary Hyperliquid has added offchain outcome markets under HIP-4, allowing validators to deploy and settle prediction markets inside its network. The system reduces reliance on external oracle services by letting validators vote
TeraWulf Inc. (Nasdaq: WULF) announced Tuesday the acquisition of a hyperscale data center development site in eastern Kentucky, a move that sent shares climbing 14% at times today as investors responded to the company’s deepening push into artificial intelligence and high-performance computing infrastructure. The new “Muskie Data Campus,” purchased from Industrial Equity Partners, sits within
Solana privacy protocol Umbra has partnered with Streamflow to launch confidential vesting for the $97 billion token unlock market. Summary Umbra and Streamflow launched confidential vesting that encrypts token unlock schedules, vesting amounts, and recipient addresses on Solana, preventing public front-running of insider allocations. The integration targets the $97 billion crypto token unlock market, where
Bitmine owns more than 4.47% of the total ETH coin supply of 120.7 million Bitmine is 89% of the way to the ‘Alchemy of 5%’ in just 11 months Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains
U.S. President Donald Trump has backed the CFTC’s exclusive authority over prediction markets as federal and state officials fight over who should regulate the fast-growing sector. Summary Trump has backed the CFTC’s exclusive authority over prediction markets as states argue that some contracts should fall under gambling laws. The dispute covers sports and entertainment-linked contracts,
BitMine adds 111,942 ETH, Strategy cuts debt to $6.7B, and SharpLink joins Russell 2000 and 3000 on June 29. Crypto treasury activity remained active this week as BitMine expanded its Ethereum holdings. Strategy reduced debt through a discounted note repurchase. SharpLink also gained entry into major Russell indexes, adding another market event for digital asset
