News linked to both this project and an event.
Cango Inc., a U.S.-listed Bitcoin mining company, released its operational update for April 2026, reporting that as of April 30, its total operational hash rate stood at 31.58 EH/s—comprising 20.43 EH/s from in-house mining operations and 11.15 EH/s from leased hash rate. In April, the company mined 230.04 Bitcoins through its in-house operations, with an average cash cost per Bitcoin of $68,061. As of the end of April, its Bitcoin holdings totaled 1,057.46 BTC. Cango stated that during April it continued phasing out older S19 miners at select international sites while procuring and deploying S21-series miners to enhance energy efficiency and production efficiency. The company currently operates 26 active sites globally.
CoinMarketCap’s April 2026 Exchange Monthly Report shows that the total trading volume across the 12 tracked cryptocurrency exchanges amounted to $4.50 trillion, with Binance holding a 36.23% market share. Overall derivatives trading volume was 5.38 times that of spot trading, and the combined proof-of-reserves across eight exchanges totaled $220.07 billion. The report also notes that Coinbase surpassed Binance in BTC spot order book depth within ±2%, becoming the exchange with the deepest liquidity; for ETH spot liquidity, Binance remains the leader. On the regulatory front, Binance is advancing its MiCA authorization application in Greece, while Gemini completed its withdrawal from the UK, EEA, and Australian markets on April 6.
According to the official announcement, Upbit will list PROS trading pairs against KRW, BTC, and USDT.
Josh Swihart, Founder and CEO of the Zcash Open Development Lab, announced at Consensus 2026 in Miami that Zcash plans to launch a quantum-resilient wallet within one month and achieve full post-quantum readiness within the next 12 to 18 months, while also advancing scalability efforts to reach Visa- and Mastercard-level throughput. Driven by Multicoin Capital’s disclosure of a large investment and growing momentum around privacy narratives, ZEC has surged over 110% in the past 30 days. Additionally, following integration with Near Intents, users can now cross-chain swap BTC, SOL, USDC, and other assets for shielded ZEC; since launch, these channels have processed approximately $600 million to $700 million in volume, and the shielded pool currently accounts for roughly 30% of the circulating ZEC supply.
According to Bitwise’s official announcement, Bitwise and Superstate have jointly launched the Bitwise Crypto Carry Fund (ticker: USCC), Bitwise’s first tokenized fund. The fund generates returns for investors by capturing the basis between spot and futures prices of BTC, ETH, XRP, and SOL—the so-called “cash-and-carry” strategy. As of April 30, 2026, its assets under management (AUM) exceeded $267 million. Effective June 1, 2026, Superstate will formally transfer management of the fund to Bitwise. During the transition period, existing investors will be unaffected. The fund’s name will be updated to the Bitwise Crypto Carry Fund, while its ticker symbol (USCC), smart contract, and token address will remain unchanged. Superstate will continue to provide on-chain infrastructure support via its FundOS platform, including tokenized issuance and digital transfer agency services.
Solv Protocol has announced the migration of over $700 million in tokenized Bitcoin assets to Chainlink's cross-chain protocol CCIP, and will gradually phase out LayerZero's bridging support across multiple chains. The migration involves core assets such as SolvBTC and xSolvBTC. Solv stated that the decision is based on the latest security reviews and recent cross-chain security incidents, and CCIP will become its standard cross-chain infrastructure. This move follows Kelp DAO's migration of approximately $290 million in assets to Chainlink, further strengthening the trend of "cross-chain infrastructure shifting toward security-first migration." (CoinDesk)
Ethena officially released an arbitrage analysis on the perpetual contract market for gold tokens (PAXG, XAUT) on X. Data shows that over the past twelve months, the annualized funding rate for PAXG was 5.8%, and for XAUT it was 12.4%, both significantly higher than the average levels for BTC and ETH over the same period (5.2% and 4.1%, respectively). The daily volatility of gold funding rates is higher than that of cryptocurrencies, due to the smaller trading volume in the gold market. However, gold funding rates are positive 82% to 89% of the time, which is generally consistent with BTC (88%) and ETH (85%).Furthermore, Ethena stated that the funding rates for gold and cryptocurrencies are almost uncorrelated; when cryptocurrency funding rates are compressed, gold funding rates tend to remain stable or rise. Therefore, incorporating gold perpetual contracts into a spot-futures arbitrage portfolio (holding both spot positions and equivalent short positions) will improve yield levels and reduce yield volatility.
Mysten Labs co-founder Adeniyi Abiodun stated at Consensus 2026 that the Sui network has processed over $1 trillion in stablecoin transaction volume since August last year, and plans to launch zero-fee stablecoin transfers and privacy payment features.Abiodun stated that Sui aims to become the "default network for the future flow of funds," noting that current traditional cross-border payment systems charge excessively high fees. For example, transferring $100 to Nigeria could incur a $35 fee. Future financial systems should not be as fully public as social media, and users require stronger privacy protection capabilities. Sui is developing a storage layer that supports encrypted transaction intents to accommodate AI Agent-driven automated payments as well as future refund and fraud handling mechanisms. Additionally, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements take effect in 2030. Abiodun also expressed willingness to coordinate with the Bitcoin ecosystem and open-source the relevant research.However, Sui has recently faced technical stability challenges, with its mainnet experiencing several hours of downtime in January 2026. The current price of SUI is approximately $0.99, down about 81% from its all-time high of $5.35 set in January 2025. (The Block)
from Consensus Miami that executives from multiple Bitcoin treasury companies stated that "digital credit" collateralized by Bitcoin is rapidly expanding, with a long-term potential market size potentially reaching $3 trillion. Digital credit is a yield-generating financial instrument backed by Bitcoin, typically structured as perpetual preferred shares, allowing investors to earn returns while reducing the risk of BTC price volatility. This model was first initiated and promoted by Strategy, followed by companies like Strive entering the space.Analysts estimate that the sector has already grown to approximately $10 billion in less than a year, calling it "the second fastest-growing product in the history of capital markets." The global credit market is roughly $300 trillion, and even if only 1% is penetrated by BTC credit products, it could generate around $3 trillion in demand — "a target that is not unrealistic." Currently, the number of Bitcoin treasury companies remains far below that of the traditional banking system. If BTC becomes a foundational global monetary asset, it could catalyze even larger-scale digital credit and financial system restructuring opportunities. (CoinDesk)
According to Odaily, crypto market analyst and founder of Into The Cryptoverse, Ben Cowen, stated that the crypto market is experiencing an "extinction event" for millions of altcoins, a process necessary for Bitcoin to enter a sustainable bull market cycle. He believes that the "shitcoin purge" has actually been underway since 2021, but a larger-scale clearance is still needed to restore a healthy market structure. Capital is continuously flowing from high-risk tokens to Bitcoin, with the rising BTC dominance rate serving as a clear signal.Data shows that GeckoTerminal tracks over 25 million deployed tokens, with more than 11.6 million projects failing in 2025 alone, primarily due to the burst of the Meme coin bubble. CoinShares researcher Luke Nolan stated that the claim "95% of tokens are worthless" is reasonable.Although Bitcoin has returned above $81,000, Ben Cowen remains cautious, believing that BTC is still in a bear market phase. He warns that if it fails to hold the key resistance level around $88,880, the price could correct to the $58,000-$62,000 range. Against the backdrop of delayed Fed rate cuts and ongoing geopolitical risks, the crypto market continues to face short-term pressure. "2026 is more likely to be a reset year rather than a year for reaching new highs." (CoinDesk)
Odaily News: Garrett Jin, representative of the "BTC OG Insider Whale," published an analytical article titled "A Painted Ceasefire," warning crypto traders not to be lulled by the surface-level market trends. While the market appears stable, underlying risks are continuously building. He pointed out that following Trump’s visit to China, the window for a US-Iran military conflict could reopen at any time. This current ceasefire is merely a delay in confrontation, not the beginning of favorable developments. Market sentiment is currently highly optimistic, with Saudi Arabia and Iran reaching a cooperation memorandum, impressive earnings reports from tech companies, rising South Korean stocks, and Bitcoin approaching the $82,000-$83,000 range. However, macro-level hidden dangers are gradually emerging: a liquidity drought in large corporate transactions, airline bankruptcies, banks provisioning for potential war losses in advance, and Berkshire Hathaway’s cash reserves hitting a new all-time high. Garrett Jin predicts that late May could be a key turning point. If tech giants continue to exceed performance expectations, the risk window may be delayed until the July earnings season. (Garrettsignal)
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
According to The Block, BNY announced the expansion of its crypto custody business into the Abu Dhabi Global Market (ADGM) in the UAE through partnerships with Finstreet and the ADI Foundation, offering institutional clients crypto-asset custody services. Initially, the service will support custody for BTC and ETH. The three parties will subsequently explore extending these services to the ADI Foundation’s underlying blockchain infrastructure and gradually expand to stablecoins, tokenized real-world assets, and other regulated digital instruments.
According to BitcoinTreasuries.NET, AmericanBitcoin Corp—a Bitcoin mining company backed by the Trump family—has acquired an additional 300 BTC, bringing its total holdings to 7,300 BTC, ranking it 16th on the Bitcoin holdings leaderboard.
Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that the attitude of traditional financial institutions towards Bitcoin is undergoing a shift. Citing JPMorgan Chase as an example, he noted that 18 months ago, the institution was still "belittling" Bitcoin, yet now it allows customers to use their Bitcoin holdings as collateral to apply for home loans.Eric Trump also mentioned that traditional financial institutions such as Merrill Lynch and Charles Schwab have begun to embrace Bitcoin. He stated that these institutions have realized they can no longer fight against industry trends and have thus started to pivot towards supporting the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost acquirer of Bitcoin in the industry. (CoinDesk)
According to Bloomberg, American Bitcoin Corp., a bitcoin mining company backed by the Trump family, released its Q1 2026 financial results, reporting a net loss of $82 million—worsening from a $59 million loss in the previous quarter (Q4 2025), marking its second consecutive quarter of losses. Meanwhile, the company’s Q1 revenue stood at approximately $62 million, down roughly 20% year-on-year, primarily due to a decline in average bitcoin mining revenue per coin. Headquartered in Miami, the company was founded just before bitcoin’s price retreated from its all-time high.
Quantum security company Project Eleven released a report stating that the "Q-Day" when quantum computing breaks encryption systems may arrive as early as 2030, and is more likely to occur around 2033.The report indicates that quantum capabilities may erupt in a "non-linear leap" rather than gradual evolution, presenting a scenario of "long periods of no change followed by sudden breakthroughs."In extreme cases, approximately 6.9 million Bitcoins (valued at over $560 billion) could be at risk. Currently, the industry has begun exploring countermeasures including timestamp proofs and mandatory migration.
Odaily News Bitcoin miner Hut 8 has announced the signing of a 15-year, $9.8 billion lease agreement to provide capacity for the first 352-megawatt phase of its AI data center at the Beacon Point site in Texas. Following the news, Hut 8's stock price surged 33% to $107, reaching an all-time high. The IT capacity covered by the agreement will support hyperscale AI training and inference workloads. Hut 8's total contracted AI data center capacity now stands at 597 megawatts, with a total contract value of approximately $16.8 billion. The estimated average annual net operating income is around $1.1 billion. The site is expected to begin power supply in the first quarter of 2027, with the first data hall delivered in the third quarter of the same year.
Core Scientific has announced the acquisition of Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million. Through this acquisition, Core Scientific will obtain Polaris's 440-megawatt contracted power agreement with Oklahoma Gas & Electric, aiming to rapidly expand its AI business. The transaction is expected to close in the third quarter of 2026.Currently, Core Scientific is renovating and expanding its existing mining sites in Texas, Georgia, North Carolina, and Oklahoma to support high-density hosting services for AI and compute-intensive workloads. The company has already begun construction of a new 82.5-megawatt facility in Muskogee, with plans to eventually provide 1 gigawatt of leasable power at the site.
Odaily News: Bitcoin mining company CleanSpark released its April operational data, reporting a mining output of 640 BTC for the month and a total sale of 748 BTC. As of the end of April, CleanSpark's total Bitcoin holdings dropped to 13,453 BTC. CleanSpark stated that its Bitcoin mining operations will continue to serve as a source of funding to support the expansion of future AI data centers and hyperscale computing clients, and will advance its transition path toward an AI infrastructure platform.