## Market Snapshot Iran’s airspace closure market for May 8 is priced at 4.1% YES, unchanged from 24 hours ago with the deadline today. For May 31, the market reflects a 34.5% YES probability, up from 28% a day earlier. The Bab el-Mandeb Strait closure market is currently priced at 7.2% YES. ## Key Takeaways…
A company that publicly commits to only ever accumulating BTC will give short sellers and arbitrageurs more angles to exploit. Bitcoin advocate Samson Mow has pushed back against criticism that Strategy has betrayed its principles by saying it would sell BTC at some point in the future to pay dividends. In a post published…
Animoca Brands chairman Yat Siu told Consensus Miami 2026 that the metaverse is over as a consumer destination, and that 100 billion AI agents will become blockchain’s primary users. Summary Yat Siu said the pandemic-era vision of humans living in virtual worlds was wrong, and that the metaverse was a proof of concept for AI…
Coinbase shares declined about 5% in after hours trading Thursday after the crypto exchange reported a first quarter loss and weaker revenue as trading activity slowed across the market. The company posted $1.4 billion in total revenue, $756 million in transaction revenue, and a $394 million net loss for Q1 2026. The results marked a…
“SOL still looks like one of the strongest coins in the market,” one analyst claimed. Driven by the green wave sweeping the entire crypto market, Solana’s native token briefly pumped above $90, reaching its highest level in the past 20 days. Currently, the asset appears to be at a crossroads, with some analysts calling…
Blockstream CEO Adam Back told Consensus Miami 2026 that bitcoin is winning a security war against DeFi, and that pension funds and sovereign entities are the next buyers. Summary Adam Back argued at Consensus Miami that Bitcoin’s simpler architecture is pulling institutional capital away from DeFi platforms hit by repeated smart contract exploits. He outlined…
BitMine Chairman Tom Lee said the company may slow the pace of its Ethereum purchases as it moves closer to its goal of holding 5% of the total ETH supply. Lee made the comments Thursday at Consensus 2026 in Miami, saying BitMine is evaluating whether it wants to keep accumulating ETH at its current pace….
SoFi generated $121.6 million in crypto transaction revenue in Q1 2026, its first detailed public disclosure since the bank relaunched crypto trading, but $120.7 million of that went to costs. Summary SoFi disclosed that its relaunched crypto unit generated $121.6 million in Q1 transaction revenue. Related costs of $120.7 million nearly wiped out the revenue,…
Michael Saylor, executive chairman of Strategy Inc., posted six words on X on Thursday: buy more Bitcoin than you sell. Buy more bitcoin than you sell. — Michael Saylor (@saylor) May 7, 2026 The post came days after Saylor spent a chunk of the company’s May 5 earnings call explaining how Strategy might periodically sell…
Morgan Stanley holds $269.9 million in Spot Bitcoin ETF positions, with the bulk of that exposure sitting in GBTC – the Grayscale Bitcoin Trust – according to recent 13F filings submitted to the SEC. The bank’s own Spot Bitcoin ETF, trading under the ticker MSBT, pulled in over $200 million in assets within weeks of…
