Trump Media reports $405.9m Q1 loss, almost entirely from crypto markdowns
Trump Media & Technology Group reported a $405.9 million net loss for the first quarter of 2026, the company said on Friday, almost all of it driven by unrealised losses on the cryptocurrency holdings it has spent the past nine months building. Operating cash flow was a positive $17.9 million; total financial assets stood at […]<br /> This story continues at The Next Web [...]
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Trump's federal Bitcoin reserve order leaves the crypto market unenthused
With US stocks unstable, consumer confidence in the economy plunging and whispers of a potential recession growing less muted, the economy under President Donald Trump's second term has been abou [...]
Coinbase says Trump’s SEC has ended its enforcement case against the crypto company
Coinbase says that the SEC has agreed to end an enforcement case that accused it of illegally running an unregistered securities exchange. This could signal a major change in how the US government wil [...]
Bybit hacked for almost $1.5 billion in the biggest crypto theft ever
While 20th-century heists involved scoping out a location, recruiting a person on the inside and having a daredevil getaway driver waiting outside, the 21st-century version looks more like what Bybit [...]
Democrats are investigating Trump crypto advisor David Sacks over a possible SGE violation
Senator Elizabeth Warren (D-MA) and Representative Melanie Stansbury (D-N.M.) are leading a group of congressional Democrats in investigating White House Special Advisor David Sacks for possibly servi [...]
Kuwait cracks down on crypto miners to cut down on electricity usage
Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid. The country [...]
Dfinity launches Caffeine, an AI platform that builds production apps from natural language prompts
The Dfinity Foundation on Wednesday released Caffeine, an artificial intelligence platform that allows users to build and deploy web applications through natural language conversation alone, bypassing [...]
Terraform Labs founder Do Kwon pleads guilty to fraud over $40 billion crypto collapse
Terraform co-founder Do Kwon has pleaded guilty to two US chargers of fraud after his actions wiped out $40 billion worth of crypto investments, The Guardian reported. Kwon's story is a wild one [...]