CoinDesk

The crypto asset manager will take over Superstate’s $267 million USCC fund as tokenized investment products gain traction with institutions.

Kraken owner Payward will acquire Hong Kong-based Reap Technologies as the crypto exchange expands its stablecoin and payments infrastructure business in Asia.

The company launched the SoFiUSD stablecoin for enterprise payments in December and partnered with Mastercard for settlement capabilities.

Digital credit has grown to about $10 billion in under a year, with bitcoin treasury firms arguing it could expand into a multi-trillion-dollar market tied to global credit demand.

The day ahead in crypto: May 7, 2026

Researcher and market analyst Ben Cowen says the purge of millions of altcoins is already underway and is necessary for a sustainable bitcoin bull market to be in place.

Altcoins outperformed bitcoin and ether on Thursday as traders rotated into higher-risk assets amid improving market sentiment.

Blockstream CEO Adam Back said at Consensus Miami 2026 that sovereigns and pension funds will drive the next bitcoin adoption wave.

The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2B in revenue over 12 years.

Yat Siu said the metaverse is evolving beyond immersive digital worlds, with AI agents increasingly handling commerce, payments and coordination through blockchain infrastructure in the background.

At Consensus 2026 in Miami, executives from Two Prime, Ledn and Lygos Finance said institutional borrowers increasingly prioritize custody, transparency and standardized lending structures over complex DeFi products after the crypto credit collapses of 2022.

The Trump family-linked miner cut its cost per Bitcoin to roughly $36,200 from $46,900 in Q4 2025, putting it among the lowest-cost public mining operations at a moment when most of its peers are toning down business.

Bitcoin has broken key cost basis levels, funding rates have flipped neutral, and options positioning is turning supportive. The three signals that suggest further gains may be ahead.

The Wall Street giant, which oversees $59 trillion in client assets, teamed up with Finstreet and ADI Foundation for digital asset infrastructure.

The pilot, run with Ondo Finance and Mastercard, processed the redemption of Ondo's OUSG tokenized Treasury fund in under five seconds.

Crypto majors took a breather Thursday after a strong run, with bitcoin holding around $81,000 and ether slipping below $2,330 as global equities pushed to fresh records on hopes of a US-Iran deal.

The founder and CEO of Cardano’s Input Output said Google, Amazon and Facebook are terrified because AI agents will not behave like humans when confronted with ads.

challenges traditional real estate structures.

Nasdaq’s Tal Cohen said a friendlier SEC is giving crypto firms and exchanges room to experiment with tokenization and digital market infrastructure.

DTCC CEO Frank La Salla said the clearing giant is working with layer-1 blockchains to bring millions in corporate actions like dividend payments onchain, but challenges remain.

Executives from Binance, Revolut and Circle say crypto is evolving beyond speculation into the financial infrastructure powering payments, remittances and broader global access.

Alex Pruden said the asymmetry between acting on a post-quantum signature scheme today and waiting for certainty about quantum-computing hardware timelines means Bitcoin developers should move from research into production.

The Greylock partner and LinkedIn co-founder said autonomous agents will need crypto-based trust systems to transact across the open internet.

Senior figures from CoinShares, Calamos, ProShares and Flow Traders flagged Coinbase-heavy custody concentration, modest advisor uptake and creation-flow inefficiency as being among the next set of problems to solve.