Bitcoin Giant Strategy Reports $12.5 Billion Q1 Loss—But Its Stock Is Up 56% in the Last Month

The Ethereum Foundation released a 38-page document outlining its philosophy and commitment to Ethereum's decentralization and self-sovereignty. The document emphasizes principles like censorship resistance, open source, privacy, and security as essential for Ethereum's development and success.

PIP Labs, the company behind Story Protocol, has reduced its workforce by 10%, including full-time employees and contractors, to focus on AI opportunities. The layoffs come after the company's $80 million Series B funding round in 2024 led by Andreessen Horowitz.

Circle's USDC has surpassed Tether's USDT in adjusted transaction volumes, leading Mizuho to raise its price target for the stablecoin issuer to $120. Analysts predict USDC's market cap to reach $139 billion by 2027, reflecting its growing use cases and activity trends.

The surge in oil prices has led to a frenzy on crypto platforms, with leveraged oil derivatives being listed for speculative trading. Hyperliquid saw billion-dollar trading days with tokenized crude oil perpetuals becoming its second-most popular market after Bitcoin.

Sky, a major DeFi protocol, has reduced its buyback program by 87% to strengthen its stablecoin reserves. The reduction, from $300,000 to $37,600 per day, is a temporary measure due to concerns about the war in Iran.

BlackRock's new Ethereum ETF, ETHB, allows investors to capture staking rewards while providing exposure to Ether. The asset manager's deepening involvement in Ethereum, from new ETFs to equity stakes in treasury firms, reinforces its belief in blockchain finance running on Ethereum rails.

Pi Network's PI token surged 30% after Kraken announced its listing, following the project's shift to a phone-based trust graph for mining. Despite being listed on OKX, Gate, and Bitget, Bybit CEO Ben Zhou previously accused Pi Network of targeting elderly users in a scam.

Shantanu Narayen, CEO of Adobe, will step down after leading the company's growth from under $1 billion to over $25 billion in revenue. The rise of generative AI is prompting tech firms to reevaluate leadership, strategy, and workforce structures.

Bitcoin has surged to $71,500, its highest level in a week, amid escalating tensions in the Middle East and rising oil prices due to the U.S.-Israel conflict against Iran. The crypto market remains resilient despite fears of a global recession triggered by energy market disruptions.

The White House is demanding a retraction from ABC News for a report on Iran planning drone attacks on California, citing reliance on an unverified tip. Despite officials clarifying no imminent threat, the controversy highlights the public's fear of emerging drone technology in modern warfare.