Strive Says Leverage to Blame for Price Plunges for SATA, Bitcoin Giant Strategy's STRC

Riot Platforms achieved a significant milestone in Q1 2026, generating $33.2 million in data center revenue, marking its first quarter of income from AI infrastructure hosting. The company's stock (RIOT) rose by nearly 9% to $18.74, with a 49% increase over the last 30 days.

Ethereum exchange-traded funds experienced a four-day losing streak, losing $184 million due to geopolitical uncertainty despite Ethereum's price climbing 2.2%. Bitcoin ETFs also saw outflows of $476 million over the same period.

MoonPay has introduced the MoonAgents Card, enabling AI agents to use stablecoins for online purchases through a partnership with Monavate and Exodus. The card allows direct spending from an on-chain wallet without the need to preload funds into a custodial account.

Tether announced a profit of over $1 billion for Q1 2026, with reserves at an all-time high of $8.23 billion. The company's audit, initiated in the same quarter, revealed holdings of $141 billion in U.S. Treasuries, making it a significant global debt holder.

In April, the crypto industry experienced a record number of hacks, with 29 projects falling victim to incidents, including the notable breaches of Solana-based exchange Drift and Ethereum-based restaking app Kelp DAO. The hacks have raised concerns about single points of failure and the prevalence of code bugs in DeFi protocols.

Shuttle Pharmaceutical Holdings is set to acquire United Dogecoin Inc. in a merger with $11 million in financing, aiming to become a major player in Dogecoin mining. The acquisition will provide United Dogecoin with mining rigs to increase its hash rate and establish a strong market position.

Senators Warren and Wyden have requested information about loans made by Tether to a trust benefiting Commerce Secretary Lutnick's children. Allegations of favorable treatment and potential influence have raised concerns about the relationship between Tether and the government.

MegaETH, an Ethereum Layer-2 network, launched its MEGA token with unique unlocking milestones. The project aims for high transaction speeds and real-time applications, backed by $470 million in funding. Wasabi Protocol suffered a $4.5 million attack due to a compromised admin key, adding to DeFi losses in April.

Bitcoin saw a 12% increase in April, its second positive monthly close since September 2025, amidst geopolitical tensions and conflicting investor signals. Despite escalating conflicts and uncertain diplomatic prospects, Bitcoin remained stable, driven by ETF inflows and strategic acquisitions by companies like Strategy.

Bithumb was granted an emergency injunction by a Seoul court, blocking a six-month partial business suspension imposed by South Korea's Financial Intelligence Unit for alleged anti-money laundering violations. The court emphasized the impact on Bithumb's core operations and ability to attract new customers.