Tether Proposes Merger of Twenty-One Capital, Strike and Elektron Energy Into Publicly Traded Bitcoin Giant

According to Bloomberg, Blockchain Capital is in the process of raising $700 million for two new funds, including an early-stage fund and a growth fund. The firm has already invested some of the new capital, expanding its existing $2 billion portfolio.

Pantera Capital is pressuring Satsuma Technology to sell its remaining bitcoin holdings and return cash to shareholders, as the company's value has plummeted by 99%. Satsuma raised $221 million in 2025 but faced losses as Bitcoin dropped 50% from its peak.

A coalition of U.S. crypto companies and trade groups is urging the Senate Banking Committee to advance the Clarity Act, emphasizing the need for stable rules in the crypto market. The group, with over 100 signatories, outlined six priorities for lawmakers to consider in creating a federal framework.

The UK's Financial Conduct Authority conducted coordinated raids on eight London premises targeting illegal peer-to-peer crypto trading. Cease-and-desist letters were issued, and evidence obtained is supporting criminal investigations, emphasizing the risks posed by unregistered operators.

Justin Sun has filed a lawsuit against World Liberty Financial, accusing them of attempting to extort him by threatening to destroy his holdings and report him to U.S. authorities. The lawsuit alleges that World Liberty tried to coerce Sun into providing more capital for the company.

Keel Infrastructure and Hive Digital Technologies have seen their shares rise due to new announcements regarding their AI plans. Keel sold its mining site in Paraguay for $13 million, while Hive closed a $115 million private offering for GPU purchases and data center development.

Ronin, known for powering games like Axie Infinity, will transition to an Ethereum layer-2 scaling network on May 12, reducing RON token inflation and altering marketplace fees. The migration will cause approximately 10 hours of mainnet downtime, impacting game availability.

GSR launched the GSR Crypto Core3 ETF on Nasdaq, offering exposure to Bitcoin, Ethereum, and Solana with staking rewards. The ETF, trading as BESO, operates with a 1% management fee and weekly rebalancing based on research-driven signals.

The Russian State Duma passed a crypto regulation bill in its first reading, defining cryptocurrency as property and setting limits on annual purchases for non-qualified investors. The legislation allows for cryptocurrency use in foreign trade to bypass sanctions restrictions.

American Bitcoin Corp. activated over 11,000 Bitcoin miners at its Alberta facility, increasing its total hashrate to 28.1 EH/s. The company's shares surged by 13% following the deployment, aligning with their strategy to accumulate Bitcoin efficiently.