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U.S. Representative Steven Horsford said at Miami Consensus 2026 that the Digital Asset PARITY Act will serve as the foundational framework for cryptocurrency taxation. He explained that the bill includes tax standards for stablecoin payments, tax deferrals on staking and mining rewards, and rules for digital asset wash sales.

Solana (SOL) co-founder Anatoly Yakovenko stated at Consensus 2026 in Miami that the network's Alpenglow upgrade could be implemented as early as the third quarter. According to CoinDesk, he explained that Alpenglow will be a key step in significantly improving network speed, stability, and transaction scalability.

The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal to replace quarterly reporting requirements for public companies with a semi-annual system, a move that could impact the cost structures of listed cryptocurrency firms like Coinbase, BeInCrypto reported. If adopted, the change would mean companies only need to disclose earnings twice a year. According to the report, while businesses would benefit from a reduced disclosure burden, the longer reporting cycle poses risks of lower investor confidence and reduced liquidity. This would require listed crypto companies to balance the potential cost savings against the need for market transparency.

Blockchain-based online lending platform Figure is entering the U.S. home mortgage market, CoinDesk reported. The company claims its proprietary blockchain platform can reduce lending costs by approximately 91% compared to traditional methods. Figure explained that applications for Home Equity Lines of Credit (HELOCs) can be approved within five minutes and funded within three days, a significant reduction from the standard 30 to 45 days. The company is primarily targeting the market for loans under $300,000 and is also pursuing increased profitability through DeFi integration and a shift to a marketplace model.

An anonymous cryptocurrency whale investor has filed a lawsuit against Coinbase, alleging the platform failed to return funds stolen in a hack. While key details of the suit have not been disclosed, Decrypt reported that it appears to be related to a $55 million DAI phishing attack that occurred in August 2024. The investor claims to have hired multiple firms to trace the crypto's whereabouts after the hack and discovered the stolen funds in a Coinbase account. According to the investor, Coinbase stated in early December 2024 that it would freeze the funds pending the results of an investigation, but a year and a half has passed and the assets have not been returned.

U.S. prosecutors have requested leniency for former Celsius Chief Revenue Officer (CRO) Roni Cohen-Pavon, citing his cooperation with their investigation, Cointelegraph reported. The prosecution noted Cohen-Pavon's assistance in the trial of former Celsius CEO Alex Mashinsky and recommended a reduced sentence. Cohen-Pavon pleaded guilty in 2023 to fraud charges related to the manipulation of the CEL token. His sentencing has been postponed to May 13.

It is too early to determine if BTC has entered a full-blown bull market, according to crypto analyst Cryptometugce. The analyst noted that while BTC is showing early signs of an uptrend and market confidence is recovering—with the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) remaining above one—a key variable remains. Specifically, BTC has not yet broken through the short-term holder's realized price, which is considered a critical resistance level. A stable move above this price would be a clearer signal of a bull market entry, Cryptometugce explained.

Amid Coinbase's (COIN) announcement that it will cut approximately 14% of its workforce, the prediction market Kalshi is pricing in a 92% probability that tech sector layoffs in 2026 will surpass the 447,000 recorded in 2025. A similar market on Polymarket places the odds at 87%.

Ripple CEO Brad Garlinghouse said the next two weeks will be a critical period for the passage of the crypto market structure bill (CLARITY). Speaking at the Consensus 2026 event in Miami, he explained that if the Senate Banking Committee does not conduct a markup of the bill, its chances of passing will drop sharply, CoinDesk reported. Garlinghouse added that the issue could become too sensitive if it extends until the midterm elections. He stressed that the bill is essential, stating that clarity is better than confusion.

Bernstein has maintained its "Outperform" rating for Figure, a blockchain-based online lending platform, setting a price target of $67, Cointelegraph reported. This target implies a potential upside of approximately 67% from the current share price. The investment firm noted that Figure is transitioning into a platform for the blockchain-based credit market and has shown steep growth recently. Bernstein expects this trend to continue, highlighting that the market for tokenized credit products could expand to around $4 trillion.

The Solana Foundation has partnered with Google Cloud to develop Pay.sh, a new payment system for AI bots. According to The Block, the system enables AI bots to search, access, and pay for API usage with stablecoins on the Solana network without needing to create accounts or pay subscription fees to online service providers. The system utilizes the x402 protocol, an open AI payment standard developed by Coinbase, as its gateway service.

Corporate entities accumulating HYPE (DAT) now hold approximately 9% of the token's circulating supply, Wu Blockchain reported. This proportion is higher than for other major assets like BTC, ETH, and SOL. According to some analysts, HYPE is the only major cryptocurrency being accumulated by corporations that trades at a premium to its modified net asset value (mNAV). They suggested this structure facilitates additional fundraising and supply absorption, adding that the potential approval of a HYPE-related ETF could positively impact its price.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Ethereum founder Vitalik Buterin has proposed a new concept called "Keyed Nonces" to improve the network's scalability and privacy. Writing on Farcaster, he explained that using a separate storage structure for specific purposes can reduce the network's burden while maintaining decentralization. Buterin emphasized that this approach could efficiently handle the large-scale data problems that arise in privacy transactions, allowing Ethereum to effectively achieve a balance between scalability and decentralization.

BitMEX co-founder Arthur Hayes stated at Conference 2026 that while 99% of altcoins could see their value drop to zero, this does not signal the end of the industry. According to BlockBeats, he compared the situation to the historical turnover of S&P 500 companies, noting that about 98% of firms in the index since 1929 have been delisted. Hayes described such market purges as a normal process, adding that the altcoin ecosystem will continue to exist and evolve.

U.S. President Donald Trump stated that Iran must never be allowed to possess nuclear weapons, adding that the U.S. has hit the country very hard.

Nasdaq-listed Bitcoin mining company Cipher Digital (CIFR) recorded a loss of $114 million in the first quarter, The Block reported. This figure is more than double the $39 million loss from the same period last year. The company's BTC mining revenue also decreased to $35 million from $49 million year-over-year, while the value of its BTC holdings fell from $125 million to $76 million.

Jito Labs (JTO) announced the launch of JTX, a new self-custody cryptocurrency trading platform, CoinDesk reported. The platform allows users to trade tokens on the Solana blockchain while maintaining direct control over their assets.

Global cryptocurrency payments firm MoonPay has acquired Solana-based trading protocol DFlow, Fortune reported. MoonPay paid $100 million in stock for the acquisition.

Drift (DRIFT), which suffered a hack of approximately $295 million last month, has unveiled its recovery plan. In a post on X, the project announced it will issue recovery tokens to affected wallets proportional to their losses, airdropping one token for every dollar lost. The current compensation pool stands at around $3.8 million, with plans to expand it through exchange revenue, investments, and matching support from Tether. Redemptions will be enabled once the pool surpasses $5 million, though early redemption will forfeit any further claims. The exchange is scheduled to relaunch in the second quarter of this year.

Cross-chain infrastructure Wormhole (W) now supports bridging Bittensor (TAO) to Solana (SOL), enabling its use in the DeFi ecosystem. According to The Block, Wormhole Labs stated that TAO is now available for trading on Solana-based DeFi platforms Jupiter and Meteora, as well as through Solana-based wallets like Phantom and Solflare.

On-chain analyst ZachXBT has reported the discovery of a Ponzi scheme involving the DSJ exchange and BG Wealth Share, with estimated damages exceeding $150 million. According to the analyst, approximately $93 million was laundered between April 27 and May 3. A coordinated effort between Tether, Binance, OKX, and U.S. regulators has resulted in the freezing of around $41.5 million in funds, with Tether alone freezing $38.4 million. The scheme is said to have been luring investors with promises of high returns since last year.

Coinbase has invested millions of dollars in Centrifuge, selecting the firm as a key tokenization partner, The Block reported. The partnership will see Centrifuge serve as a core platform for converting traditional assets into tradable on-chain assets on Base, the blockchain developed by Coinbase. Specific details of the investment were not disclosed.

Web3 data provider Space and Time (SXT) has launched Virtual Vaults for institutional on-chain lending. The feature allows institutional lenders and borrowers to configure a virtual vault under a specific contract, enabling real-time verification and tracking of a borrower's collateral on the exchanges and DeFi platforms where it is held.