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David Balland, Ledger co-founder, was kidnapped in France for ransom, leading to a rescue operation by French authorities. The incident has raised concerns in the crypto industry about the safety of wealthy figures and the need for increased security measures.
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TeraWulf (WULF) shares closed 2.6% lower after reporting a net loss of over $427 million in Q1 2026, a significant increase from the $61.4 million loss in Q1 2025. The company's revenue of $34 million was boosted by a 117% increase in AI compute sales.
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Sen. Elizabeth Warren has urged Meta to disclose its stablecoin plans before a Senate vote on a crypto-related bill. Warren expressed concerns about the lack of transparency regarding Meta's stablecoin integration, emphasizing the potential implications for competition, privacy, and financial stability.
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Strategy, a Bitcoin behemoth, may sell some of its $65 billion BTC holdings this year, as indicated by rising odds on prediction market platform Myriad. Founder Michael Saylor hinted at selling Bitcoin to fund dividends during a recent earnings call.
Coindesk
SEC Chair Paul Atkins discussed potential changes to securities regulations for blockchain-based financial markets and AI-powered financial applications. Atkins emphasized the need to adapt rules to new technologies that combine trading, settlement, and financial functions in a single protocol.
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Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to offer digital asset custody services to institutional clients. This move aligns with their belief in transparent regulation and complements their existing Wyoming Special Purpose Depository Institution.
Protos
Brian Armstrong sold over $540 million worth of COIN stock between May 2025 and January 2026, surpassing Coinbase's Q1 loss of $394 million. Despite a 40% decrease in net transaction revenue, Armstrong's sales peaked in mid-2025.
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Coinbase experienced hours of service disruptions due to Amazon Web Services failures, impacting core trading systems. The outage, linked to AWS Availability Zone use1-az4, affected multiple services, causing an extended outage. Users faced difficulties accessing the app, transferring funds, and executing trades.
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ECB President Christine Lagarde expressed concerns about euro stablecoins, stating they are not an efficient way to boost the euro's global role. Lagarde highlighted risks such as financial instability and weakened monetary policy transmission due to stablecoins' structural weaknesses.
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Revolut experienced a glitch causing Bitcoin to show a price near zero, leading to confusion among users. The error, attributed to a third-party service provider, was quickly fixed by the company.
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XRP network activity has significantly decreased, with daily addresses dropping over 80% and monthly active supply declining more than 70%. Despite this, a coalition of financial institutions successfully completed a real-time cross-border settlement on the XRP Ledger, signaling a shift towards institutional usage.