TeraWulf's Q1 2026 Net Loss Surged to Over $427 Million, With AI Compute Revenue Beating Bitcoin Mining

Bitcoin's failure to surpass $90,000 has heightened bearish sentiment among investors, with a growing segment of Myriad users predicting a crash to $69,000 rather than a rise to $100K. The market volatility, triggered by geopolitical uncertainty and Trump's announcements, led to a $2 billion liquidation of positions.

The FTC complaint against Illusory Systems for lacking a kill switch in the Nomad hack has sparked backlash from crypto trade associations. The complaint alleged the company failed to secure its software, causing a $200 million hack in 2022.

Ledger has reportedly tapped Goldman Sachs, Jefferies, and Barclays for a potential U.S. IPO, aiming for a valuation exceeding $4 billion. The move aligns with the growing importance of crypto custody for institutional investors.

Caroline Ellison, former co-CEO of FTX-affiliated firm Alameda Research, has been released from federal custody after serving 14 months for her involvement in the FTX fraud scandal. Ellison, sentenced to 24 months in prison in 2024, cooperated with prosecutors in the case against Sam Bankman-Fried, founder and CEO of the defunct crypto exchange.

The U.S. Department of Justice's 2025 Year in Review highlighted three fraud cases involving cryptocurrency, as digital assets are increasingly used in traditional fraud schemes. The report details aggressive actions taken against fraud, with a record-breaking year of 265 defendants charged with over $16 billion in intended fraud loss.

Bitcoin holders are experiencing net realized losses for the first time since October 2023, with approximately 69,000 BTC totaling $6.18 billion in losses. Analysts suggest short-term holders are selling, potentially signaling a shift from the previous bullish trend.

Capital One has agreed to acquire fintech firm Brex in a $5.15 billion stock-and-cash deal, expanding its presence in business payments and expense management. The acquisition reflects the increasing competition between traditional banks and fintech providers in offering automation and speed.

Coinbase is forming an independent advisory board to address future quantum threats to blockchains like Bitcoin and Ethereum. The board will assess risks, issue guidance, and provide analysis on quantum computing developments. This move reflects the increasing pressure on firms to develop post-quantum security measures.

Bitwise launched an ETF, BPRO, in partnership with Proficio Capital Partners, focusing on assets like gold, silver, platinum, palladium, mining equities, and Bitcoin. The fund aims to benefit from the erosion of fiat currencies and adjusts its exposure based on market conditions.

DeFi Development Corp. faced insider trading allegations after a trader bought $4,000 of its Solana meme coin before public launch, making over $1 million. The firm confirmed the trader's identity, but did not address connections to the company.