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At the Bitcoin 2026 Conference, CleanSpark CEO Matt Schultz highlighted the significant cost increases involved in converting mining facilities into AI data centers. He noted that the cost per megawatt jumps from around $500,000 to between $10 million and $12 million, while staffing needs grow from roughly one to eight employees per 10 MW. Schultz cautioned the mining industry against focusing solely on the short-term stock gains that can follow such announcements, pointing out that the extremely strict lease terms from major cloud providers mean that a single day of delay can wipe out an entire year's contract revenue.

Binance has announced it will delist several cross and isolated margin trading pairs at 6:00 a.m. UTC on May 1. The affected pairs are TRX/ETH, LINK/ETH, WLD/BTC, HBAR/BTC, and DOT/BTC.

Cryptocurrency analyst Willy Woo has analyzed that Bitcoin is currently attempting to form a bottom. He views a breakthrough of approximately $79,000, the average cost basis for short-term investors, as the key test for a future upward trend. However, Woo remains cautious, estimating the probability of the current rebound attempt succeeding at around 30%. He added that if Bitcoin can maintain stable support above $65,000, the likelihood of a structural bottom being confirmed will increase significantly. Woo emphasized that bottoming signals are not yet fully in place and that price movements over the next three to six weeks will be a critical juncture for the mid-to-long-term trend.

A new Bitcoin hard fork called eCash, promoted by developer Paul Sztorc, is facing growing criticism, BeInCrypto reported. The controversy centers on its distribution plan, scheduled for August, which will airdrop eCash to BTC holders at a 1:1 ratio. The plan includes an allocation of 600,000 eCash based on the 1.1 million BTC believed to be held by Satoshi Nakamoto. While this does not involve directly taking Satoshi's BTC, some industry figures have condemned the move as an act of theft and a sign of disrespect.

U.S. Republican Congressman Zach Nunn is pushing for legislation to restrict Chinese investors from acquiring American Bitcoin mining companies, he announced at the 2026 Bitcoin Conference. Nunn stated that Chinese investors have recently been active in pursuing such takeovers. He warned that if Chinese capital were to secure a majority stake in these firms, it could weaken the strategic position of the United States in the digital asset sector.

U.S. spot Ethereum ETFs recorded approximately $50.4 million in net outflows on April 27, according to data from Farside Investors. The funds flipped back to net outflows after a single day of net inflows. - BlackRock's ETHA: -$13.8 million - Fidelity's FETH: -$48.4 million - BlackRock's Staking ETHB: +$11.8 million

U.S. spot Bitcoin ETFs experienced a total net outflow of approximately $263.2 million on April 27, according to data from Farside Investors. This marks a shift to net outflows after 10 consecutive trading days of net inflows. - BlackRock's IBIT: -$17.5 million - Fidelity's FBTC: -$150.4 million - Bitwise's BITB: -$8.8 million - Ark Invest's ARKB: -$43.3 million - VanEck's HODL: -$14.1 million - Grayscale's GBTC: -$46.6 million

Binance has announced the addition of six new margin trading pairs, scheduled for 8:00 a.m. UTC today. The new pairs are AVNT/USDT, BIO/USDT, CHIP/USDT, CHIP/USD1, KAT/USDT, and XAUT/USD1.

Japanese cryptocurrency exchange Bitbank has launched a crypto card that allows users to pay off their credit card bills with their crypto holdings, The Block reported. Users can automatically repay their card balance with Bitcoin (BTC). The card also offers a cashback feature, rewarding users with 0.5% of their monthly spending in cryptocurrency. The rewards can be received in Bitcoin, Ethereum (ETH), or Astar Network (ASTR) and are paid into the user's Bitbank account.

Speaking at the Bitcoin 2026 conference, prominent Silicon Valley investor Tim Draper highlighted the limitations of the fiat currency system, urging nations and corporations to hold Bitcoin to prepare for a potential systemic collapse. He argued for an inevitable transition in money, progressing from fiat currencies to stablecoins and ultimately to Bitcoin. Draper emphasized that companies should hold 5-15% of their reserve funds in Bitcoin, households should store at least six months' worth of living expenses in the asset, and governments should maintain it as a strategic reserve.

Prominent on-chain analyst ZachXBT has criticized Worldcoin, a company associated with Sam Altman. He argued that the company launched with a low circulating supply of its WLD token in a manner similar to companies linked to SBF and FTX. ZachXBT stated that Worldcoin collected biometric data from people in low-income countries in exchange for small amounts of WLD. He added that this identity verification technology resulted in a black market for authenticated accounts. Furthermore, he pointed out that the token's supply is increasing at an unsustainable rate, with insiders regularly selling their holdings through over-the-counter deals.

Janessa Lopez, head of digital asset policy at fintech firm Block, said at the 2026 Bitcoin Conference that the company's current legislative priority is to push for a tax exemption on small Bitcoin payments. She stated the goal is to eliminate the capital gains tax reporting requirement for everyday Bitcoin transactions. Lopez warned of a movement within Congress to apply the exemption only to stablecoin transactions under $200 while excluding Bitcoin, which she argued would undermine the principle of technological neutrality. Echoing this sentiment, Kara Calvert, VP of U.S. policy at Coinbase, stated that even if the Clarity Act passes, the tax reporting burden will remain an obstacle to Bitcoin adoption if the tax issue is not resolved.

The active crypto ETF from U.S. investment firm T. Rowe Price, ticker TKNZ, has set its management fee at 75 basis points, or 0.75%, Bloomberg ETF analyst Eric Balchunas said on X. The fund, which filed an application with the U.S. SEC last month, will invest in 15 cryptocurrencies: BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE, HBAR, BCH, LINK, XLM, SHIB, and SUI. Unlike an index-tracking ETF, TKNZ is an actively managed fund where portfolio managers will actively adjust its holdings. Balchunas added that the fee is likely high because T. Rowe Price is the largest active manager and is applying its management capabilities to the fund.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $121.19 million liquidated (91.63% longs) - ETH: $112.47 million liquidated (86.61% longs) - SOL: $12.08 million liquidated (94.14% longs)

The Bank of Japan (BOJ) held its key interest rate steady at 0.75% at its monetary policy meeting on April 28. This marks the third consecutive meeting the rate has been maintained, a decision that aligns with market expectations.

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the stock settlement system should be converted to an instant (T+0) framework, calling blockchain technology a key tool to bridge the gap between asset delivery and clearing. Speaking at the Bitcoin 2026 Conference, he also addressed the criteria for determining whether a cryptocurrency is a security. Atkins argued that the classification should depend on the issuer's substantive investment promise rather than the token's technical format. He further suggested that if a cryptocurrency is listed and traded separately from the issuer's investment promise, it should no longer be subject to disclosure obligations under securities law.

The U.S. Securities and Exchange Commission (SEC) has begun reviewing a proposal from NYSE Arca to tighten listing standards for crypto ETFs, a move dubbed the "85% qualified asset requirement" rule, Bitcoin.com reported. NYSE Arca is seeking to amend its rules to mandate that at least 85% of the assets in a commodity-based ETF must be "verified assets." These include qualified commodities, stocks, cash, and cash equivalents. Assets like BTC, ETH, SOL, and XRP could qualify, as futures for these have been trading for over six months. The outlet noted that the amendment also includes a provision to calculate over-the-counter (OTC) derivatives based on their total notional value, which could make it difficult for products with a high concentration of derivatives to maintain their listing. NYSE Arca explained that the change aims to prevent market manipulation and protect investors. The SEC is expected to gather industry feedback before making a final decision on whether to approve the rule.

Solana (SOL) led the decentralized exchange (DEX) spot trading market in the first quarter with a 30.6% share, despite sluggish overall volume, TheBlockBeats reported, citing CoinGecko data. BNB Smart Chain (BSC) followed with 24.5%, slightly ahead of Ethereum (ETH) at 23.7%. In March, however, Ethereum briefly surpassed Solana, capturing a 27% share compared to Solana's 26%.

A whale address starting with 0xe1d3 has lost a total of $4.91 million after being liquidated six consecutive times on a 4,500 ETH long position, Hyperinsight reported. The event marked the largest on-chain liquidation of the day. The most recent liquidation involved a 25x leveraged long position on Ethereum, with 1,620 ETH forcibly sold at $2,250, leading to a $3.67 million loss. The address still holds a long position worth $9.55 million.

BitMEX co-founder Arthur Hayes predicted a strong rebound for Bitcoin at the Bitcoin 2026 conference. He analyzed that Bitcoin's recent decline from its peak was due to job losses among knowledge workers from the spread of AI technology and a subsequent credit contraction. However, he diagnosed that since the outbreak of the U.S.-Iran war in February, the market's focus has shifted from an AI-driven recession to wartime inflation, allowing Bitcoin to start outperforming the Nasdaq again. Hayes dismissed hawkish concerns about Fed Chair nominee Washi. He argued that the Fed's tightening has a minimal impact on actual liquidity, whereas the easing of bank regulations (eSLR) implemented in April would create about $1.3 trillion in lending capacity. This massive injection of funds, coupled with wartime defense demand, will offset the economic downturn caused by AI, he analyzed. Stating that the liquidity bottom has been confirmed, Hayes presented a price target of $125,000 for Bitcoin.

iM Bank has begun building a bank-led ecosystem for a KRW-backed stablecoin as part of its efforts to expand its digital finance footprint following its transition into a nationwide commercial bank, Aju Business Daily reported. The bank has partnered with fintech firm Finger and blockchain specialist Validator to jointly develop a digital infrastructure for distributing the token, combining the bank's credibility with the efficiency of blockchain technology. The project will also be the first in South Korea to apply post-quantum cryptography (PQC).

According to Lookonchain, two addresses linked to Galaxy Digital have deposited 45,000 ETH ($104 million) to Binance, Bybit, and OKX over the past 15 hours.

Porvenir, Colombia's largest pension fund manager, has launched a product offering indirect exposure to Bitcoin through BlackRock's spot Bitcoin ETF (IBIT), Wu Blockchain reported. The product is available exclusively for pension accounts, with a minimum investment of approximately 100,000 Colombian pesos (about $25).

South Korean customs authorities in Busan have booked a man in his 40s without detention for allegedly using Tether (USDT) to illegally process payments for used car exports, Kookmin Ilbo reported. The suspect is accused of violating the Foreign Exchange Transactions Act by conspiring with a used car importer in Uzbekistan. Between September 2024 and the end of 2025, he allegedly managed a total of 108 billion won ($78 million) in illicit funds, earning around 130 million won ($94,000) in commission.

South Korean crypto exchange Coinone has announced that it will delist DMAIL at 6:00 a.m. UTC on May 29.