Crypto News

Crypto News

Financial Giants Declare Cryptocurrency’s Shift From Trading to Infrastructure at Miami Conference
ByBD News Desk May 7, 2026

Top executives from major financial platforms assert that digital assets have transitioned from a speculative investment class to foundational technology for global finance. Speaking at the Consensus conference in Miami, representatives from Binance, Revolut, and Circle emphasized this fundamental transformation in how cryptocurrency functions within the broader economy. The industry leaders highlighted that blockchain-based systems…

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DTCC Eyes Layer-1 Blockchain Networks for Multimillion-Dollar Corporate Action Tokenization
ByBD News Desk May 7, 2026

The Depository Trust & Clearing Corporation, Wall Street’s primary clearinghouse, is actively exploring partnerships with leading layer-1 blockchain platforms to digitize corporate actions worth millions of dollars. Chief Executive Frank La Salla revealed the institution’s ambitions to migrate traditional financial processes, including dividend distributions, onto distributed ledger technology. The initiative represents a significant step toward…

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Nasdaq Executive Credits Regulatory Shift for Renewed Crypto Market Innovation
ByBD News Desk May 7, 2026

The changing regulatory environment at the Securities and Exchange Commission is creating fresh opportunities for cryptocurrency development, according to a senior Nasdaq official. Tal Cohen, who serves as president of the exchange operator, indicated that the commission’s evolving approach is enabling digital asset companies and trading platforms to pursue ambitious projects without the previous regulatory…

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Real Estate Mogul Grant Cardone Expands Bitcoin Holdings While Promoting Hybrid Investment Model
ByBD News Desk May 7, 2026

Prominent real estate investor Grant Cardone has increased his company’s bitcoin allocation while advocating for a combined cryptocurrency and property investment approach that he believes can deliver superior returns compared to conventional real estate investment trusts. Speaking about his firm’s strategy, Cardone emphasized that merging digital assets with tangible property holdings creates a competitive alternative…

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Cardano’s Hoskinson: Major Tech Giants Fear AI Agent Dominance Within Decade
ByBD News Desk May 7, 2026

Charles Hoskinson, who leads Input Output behind the Cardano blockchain, has issued a striking prediction that artificial intelligence agents could surpass human significance by 2035, creating existential concerns for Silicon Valley’s largest companies. The crypto entrepreneur argues that technology behemoths including Google, Amazon, and Facebook face a fundamental threat to their business models as AI…

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Drift Protocol Proposes Three-Part User Compensation Strategy Following North Korea-Linked $295M Hack
ByBD News Desk May 6, 2026

Solana-based lending platform Drift has unveiled a comprehensive recovery framework for affected users in the wake of a major security breach attributed to North Korean threat actors that drained approximately $295 million from the protocol. The three-pronged approach aims to restore user confidence while authorities pursue the stolen digital assets. The recovery plan centers on…

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Strategy Reports $12.5B First Quarter Loss as Bitcoin Tumbles Below $70K
ByBD News Desk May 6, 2026

Bitcoin corporate treasury pioneer Strategy has disclosed a massive $12.54 billion loss for the first quarter of 2026, primarily attributed to the sharp decline in Bitcoin’s market value during the period. The cryptocurrency’s price experienced significant downward pressure throughout the opening months of the year, sliding from approximately $87,000 in early January to around $68,000…

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LayerZero Denies Responsibility as Kelp Shifts $292M Hack Blame to Approved Bridge Configuration
ByBD News Desk May 6, 2026

Restaking protocol Kelp has stated that LayerZero gave approval for the bridge infrastructure that ultimately became the target of a massive $292 million security breach. The exploit, which security researchers have linked to North Korean threat actors, has sparked a dispute over responsibility between the two protocols. Following the incident, Kelp made the decision to…

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Bitcoin ETF Success Driven by Independent Investors, Not Wall Street Giants
ByBD News Desk May 6, 2026

The launch of bitcoin exchange-traded funds has demonstrated remarkable momentum fueled primarily by self-directed retail investors, even as major financial institutions like Morgan Stanley hold back their full participation. This trend reveals a significant shift in how cryptocurrency products are gaining market traction in 2026. Despite Morgan Stanley’s expansive advisor network remaining largely on the…

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Digital Asset ETFs Cement Position in Traditional Investment Landscape
ByBD News Desk May 6, 2026

Exchange-traded funds focused on digital assets have transitioned from experimental products to established investment vehicles as institutional adoption accelerates across global markets. Fund issuers report that these products are fundamentally transforming how investors access cryptocurrency exposure, providing enhanced liquidity channels and standardized regulatory frameworks that were previously absent from the sector. The integration of crypto…

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Crypto News

Robinhood Executive Highlights Global Expansion Driven by Tokenization and Round-the-Clock Markets
ByBD News Desk May 6, 2026

International appetite for American stocks is expanding significantly, according to a senior executive at popular trading platform Robinhood. Johan Kerbrart, who serves as senior vice president at the company, identifies several transformative factors reshaping how global investors access U.S. markets. Chief among these drivers are blockchain-based asset tokenization, the emergence of continuous trading capabilities, and…

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Corporate Demand for Cross-Bank Payments Exposes Limits of Tokenized Money Systems, Citi Warns
ByBD News Desk May 6, 2026

The current landscape of digital asset infrastructure may be heading toward the same fragmentation issues that have plagued traditional finance for decades, according to a senior executive at Citigroup. Speaking at the Consensus conference in Miami, Ryan Rugg from Citi highlighted a critical challenge facing blockchain-based payment systems: the inability to deliver seamless, instantaneous transactions…

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