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

Vanguard is now allowing trading in crypto-focused ETFs and mutual funds, including Bitcoin, Ethereum, XRP, and Solana, after years of keeping digital assets off its platform. This change gives over 50 million brokerage customers access to regulated crypto products in the U.S. fund industry.

Kalshi has introduced on-chain event contracts on the Solana blockchain, merging on-chain and off-chain liquidity into a single pool. The firm is seeking partners for its Kalshi Builders Program, offering grants for projects integrating on-chain prediction markets.

Kalshi lost its preliminary injunction in Nevada, leaving it vulnerable to legal action if it continues operating in the state. Despite its $11 billion valuation, the company faces potential criminal enforcement by Nevada authorities due to disagreements with state regulators.

Bitcoin, Ethereum, XRP, and Solana all experienced significant losses in the crypto market, with only Merlin Chain showing gains. The total market cap dropped by 7.22% in 24 hours, erasing gains made since April and losing one-third of its value from October's peak.

Ripple has been granted approval by Singapore's Monetary Authority to expand payment activities through its subsidiary Ripple Markets APAC. This allows the company to offer regulated payment services using XRP and RLUSD stablecoin in Singapore. The move aims to enhance infrastructure for efficient cross-border transactions.

Elon Musk recently discussed Bitcoin as a currency grounded in energy, emphasizing its tie to real-world energy expenditure and the difficulty of producing and harnessing energy. He highlighted Bitcoin's proof-of-work system, which requires substantial computational power and electricity to secure the network, and suggested that advancements in AI and robotics could make money obsolete.

Zcash's governance debate resurfaced as industry figures discussed whether to maintain the committee-based system or shift to direct tokenholder voting. Prominent figures like Zooko Wilcox, Naval Ravikant, and Vitalik Buterin shared contrasting views on the matter.

BitMine Immersion added over $265 million in Ethereum to its treasury last week, holding a total of 3,726,499 ETH worth $10.1 billion. Despite a 12% stock drop, the company remains optimistic about ETH's future price movements.

Despite positive flows in crypto funds last week, major coins like Bitcoin and Ethereum are currently experiencing significant losses, with Bitcoin dropping 7% in the last day. XRP saw its largest weekly inflows ever, while Cardano faced outflows representing 23% of its total assets in crypto funds.

BTC's drop during Asia hours and Japan's yen-carry unwind pressure the crypto market. The market adjusts to tighter yen funding and softer derivatives carry, impacting BTC's movement and Ethena's yields.