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

Saudi Aramco has installed the Kingdom's first quantum computer, a 200-qubit machine by Pasqal, for industrial applications like energy modeling and materials research. This move aligns Saudi Arabia with other nations investing in quantum programs to enhance research infrastructure and workforce training for future systems.

Monad's native cryptocurrency, MON, saw a 19% price increase following an airdrop, reaching $0.042. Despite cooling crypto prices, MON's value surged to $0.045, reflecting the public sale rate. BitMEX's Arthur Hayes suggested MON could reach $10 due to market optimism.

U.S. Bank is collaborating with PwC and the Stellar Development Foundation to test a stablecoin on the Stellar blockchain. The bank sees blockchain as an alternative payment rail and is interested in exploring potential use cases and customer interest.

Polymarket faced backlash for a racist post targeting users in India, Turkey, and Nigeria, using the ethnic slur "jeet" and threatening to remove badges from accounts. The post, which has since been deleted, sparked criticism from top traders and affiliates.

MoonPay has obtained a New York Trust Charter, allowing them to hold digital assets for customers and facilitate over-the-counter trades. This milestone demonstrates their commitment to compliance and security, enabling them to expand services and bridge traditional and digital finance.

Kraken introduces the Krak Card, offering 1% cash back in Bitcoin or fiat currency on purchases. Users can spend various assets globally at Mastercard-accepting merchants, with no monthly fees.

Metaplanet's stock rose over 2% as it revealed plans to secure a $130 million loan using its Bitcoin holdings as collateral to purchase more of the asset. The company aims to acquire 1% of the total Bitcoin supply by 2027.

Enlivex, a Nasdaq-listed biopharma company, plans to acquire $212 million worth of Rain, the native token of the Rain Protocol, to drive shareholder value and activate it for yield. The $1.8 billion Rain Protocol operates on the Arbitrum blockchain and is gaining attention in the prediction market sector.

A man in South Korea has been sentenced to eight years in jail for operating a fraudulent securities trading platform that duped 116 victims into giving him $4.2 million. Three accomplices were also sentenced to over two years each for their roles in the money laundering scheme.

Klarna, a Swedish fintech company, plans to launch its stablecoin, KlarnaUSD, on the Tempo network next year. The stablecoin aims to reduce costs for consumers and merchants, with support from Stripe and Paradigm in developing the mainnet.