Author: CoinNewsJunction.com

Riot Platforms reported $33.2 million in debut data center revenue in the first quarter and said Advanced Micro Devices elected to double its contracted capacity to 50 megawatts in its earnings release on Thursday. It is a major milestone for the company as it diversifies beyond bitcoin (BTC) mining, leaning more heavily into serving AI, data center, and hyperscaler customers.  Riot posted total revenue of $167.2 million for the quarter, with $111.9 million coming from its core bitcoin mining business, which declined year-over-year amid lower bitcoin production and lower average bitcoin prices. The company sold 3,778 BTC during the quarter…

Ethereum traded at $2,280.47 at press time, with 24-hour volume at $10.18 billion, according to crypto.news data.  Summary Ethereum’s exchange supply ratio has dropped, but price has not yet formed a matching bottom. Binance ETH funding rates remain negative, showing traders still favor downside positions. Rising short liquidations may add buying pressure if Ethereum continues its recent recovery. ETH gained 0.75% in the past day but remained down 1.56% over the last seven days. Its market cap stood at $275.23 billion, based on a circulating supply of 120 million ETH.  The price action comes as analysts track opposing signals from…

TLDR Gemini secured approval from the U.S. Commodity Futures Trading Commission for a derivatives clearinghouse license. The license allows Gemini to clear and settle trades internally without relying on external providers. Gemini aims to expand into the prediction market sector and compete with platforms like Kalshi and Polymarket. The company plans to offer a full trading ecosystem including futures, options, and event-based contracts. Gemini shares increased by about 7% following the announcement of the approval. Gemini secured regulatory approval to expand its trading operations into U.S. derivatives and prediction markets. The move allows the exchange to handle trade clearing internally…

TLDR: Ondo Finance holds roughly 70% of the tokenized stock market share, with over $825M in total value locked. Holders of 250+ tokenized stocks and ETFs can now participate in proxy voting through Broadridge’s network. Voting recommendations are weighted proportionately based on each token holder’s onchain ownership stake. Ondo tokenized stocks are live on Solana, Ethereum, and BNB Chain, backed by Binance, MetaMask, and Ledger. Ondo Finance has announced a partnership with Broadridge to bring proxy voting to holders of tokenized stocks and ETFs. Through this integration, holders of over 250 tokenized products can now access corporate governance tools. Broadridge…

TLDR Senator Thom Tillis said the Clarity Act is ready to move toward a Senate Banking Committee hearing. Lawmakers resolved several banking industry concerns over stablecoin reward provisions in the draft bill. Tillis urged the committee chair to proceed with a markup in mid-May. The Senate faces a tight legislative calendar with limited weeks before midterm campaign demands. Industry representatives welcomed signs of progress and called for swift committee action. Senator Thom Tillis said the Senate may soon advance the Digital Asset Market Clarity Act toward a committee hearing. He stated that negotiations with banking groups have resolved many disputes…

Pi Network price rallied for the fourth straight day as Pi Network revealed progress towards the project’s technical roadmap ahead of Consensus 2026. Summary Pi Network price rose nearly 7% to $0.199, extending weekly gains to around 20% as user verification and mainnet migration activity accelerate. Over 1 million verified users have completed 526 million KYC validation tasks, supporting migration to mainnet and enabling future token transfers to exchanges. Technical indicators show strengthening momentum, with price nearing key Fibonacci resistance at $0.195; a breakout could target $0.234, while $0.180 remains key support. According to data from crypto.news, Pi Network (PI)…

Polymarket has sought to reopen its main prediction markets platform to U.S. users as it is reportedly engaging regulators to remove a long-standing access ban. Summary Polymarket has been seeking approval from the Commodity Futures Trading Commission to allow U.S. users back on its main platform. A reversal would undo restrictions from its 2022 settlement that forced the company to block American customers and pay a $1.4 million penalty. According to Bloomberg, the company has been in discussions with the Commodity Futures Trading Commission to lift restrictions that currently block American customers from its international exchange.  Approval would require a…

TLDR Polymarket has asked the CFTC to lift its ban on U.S. traders. The company held recent discussions with CFTC officials about restoring access. The trading restriction followed a 2022 settlement with the regulator. The CFTC must vote before Polymarket can reopen its main exchange to U.S. users. Chairman Michael Selig currently serves as the only sitting commissioner. Polymarket has approached the Commodity Futures Trading Commission to restore access for U.S. traders to its main exchange. Bloomberg reported that company representatives held recent discussions with CFTC officials about lifting the existing ban. The restriction followed a 2022 settlement, and the…

Key Takeaways: Galaxy Digital deposited 45,000 ETH worth over $104 million to Binance, Bybit, and OKX on Tuesday. Galaxy Digital’s April ETH exchange inflows approach 50,000 ETH across multiple transfers. Bitmine holds 98,352 staked ETH as institutional conviction on ether remains split. A Pattern of Exchange Inflows The move adds to a growing body of onchain evidence pointing to institutional distribution of ether in recent weeks. Lookonchain noted the deposits originated from wallets directly linked to Galaxy Digital, the digital asset firm co-founded by Mike Novogratz. The funds were split across three major centralized exchanges, a pattern that is aligned…

TLDR: Trump memecoin fell 14% after a shooting near the White House Correspondents’ Dinner raised market concerns. The suspect carried multiple weapons and was detained after breaching the secured screening area at the venue. $TRUMP traded near $2.63 with high volume, extending its decline from the January 2025 peak levels. WLFI token also declined alongside Trump memecoin, showing weakness across related politically linked crypto assets. The TRUMP memecoin declined sharply after a security incident near a high-profile Washington event. Market activity reflected quick reactions, with price pressure following reports of a shooting near the White House Correspondents’ Dinner venue on…