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

The Canadian Revenue Agency (CRA) is actively pursuing taxpayers who evade crypto taxes, with 35 auditors working on over 230 files, resulting in significant taxes earned by audit, including $100 million in the past three years. Legal limitations in Canada hinder the CRA's ability to identify and assess compliance with income tax reporting obligations in the crypto space.

Ondo Finance announced that the SEC concluded its investigation into the tokenization process, initiated during the Biden administration. The company emphasized its commitment to building regulated financial products with traditional finance assets.

PayPal's PYUSD stablecoin has surged 224% in three months, reaching over $3.8 billion in circulation. Ethena, a DeFi protocol, holds $1.2 billion of PYUSD, making it the largest holder. Stablecoins like PYUSD offer lucrative incentives for users in DeFi protocols.

Markus Levin, co-founder of XYO, warns that Bitcoin could drop to $50,000 due to the Federal Reserve's upcoming meeting. Experts suggest that if Bitcoin fails to stay above $100,000, further declines are possible.

Bitcoin ETFs attracted $352 million last week, comprising half of all crypto fund inflows, with XRP funds following closely. Short-Bitcoin products experienced the largest outflow since March 2025, indicating a potential sentiment shift. Despite minor outflows, total crypto assets under management have risen by 7.9% from November lows.

BitMine Immersion Technologies, the top Ethereum treasury company, recently acquired 138,452 ETH, increasing its holdings to 3.864 million ETH, valued at about $12 billion. This purchase follows a previous acquisition of over 200,000 ETH in October, boosting BitMine's stock by 2.5%.

The UK government has introduced an Anti-Corruption Strategy to combat financial crime, strengthen enforcement, and prevent the misuse of crypto-assets for evading sanctions. The strategy targets both domestic corruption and foreign actors laundering illicit wealth through the UK.

Strategy disclosed its largest Bitcoin purchase, spending $963 million on 10,624 BTC, funded by issuing common stock. The firm now holds approximately 660,600 Bitcoin, valued at around $60 billion. Despite recent stock price fluctuations, Strategy's latest move has drawn mixed reactions from analysts.

Mati Greenspan predicts that U.S. spot exchange-traded funds (ETFs) will surpass $1 billion in inflows soon, with most funds coming from Canary Capital, Grayscale, Bitwise, and Franklin Templeton. XRP's regulatory clarity and market position have attracted institutional interest, leading to rapid growth in XRP ETFs.

The province of British Columbia has won a default judgment for over CAD$1 million ($725K) in cash, gold, and other valuables linked to the collapsed cryptocurrency company QuadrigaCX. The firm, once the largest in Canada, left 76,000 customers without their funds in 2019.