Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining

Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining

Core Scientific mined 279 BTC in the quarter, down 45% from a year earlier, while its colocation business became its top revenue source.

2026-05-07
Consensus Miami Day 3: Real-time coverage and highlights from on the ground

Consensus Miami Day 3: Real-time coverage and highlights from on the ground

It’s day three of Consensus Miami 2026 on Thursday. Stay tuned for updates throughout the day.

2026-05-07
CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 1.2%, leading index lower

CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 1.2%, leading index lower

Near Protocol (NEAR), down 1% from Wednesday, was also an underperformer.

2026-05-07
Bitwise enters tokenization in takeover of Superstate’s $267 million ‘carry fund’

Bitwise enters tokenization in takeover of Superstate’s $267 million ‘carry fund’

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

2026-05-07
Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg

Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg

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

2026-05-07
VanEck’s Sigel sees Bitcoin reaching $1M within five years

VanEck’s Sigel sees Bitcoin reaching $1M within five years

VanEck’s Matthew Sigel says Bitcoin may reach $1 million in five years, comparing adoption trends to the video game industry’s shift to mainstream use.

2026-05-07
SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs

SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs

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

2026-05-07
Ethereum Price Coiling: The Network Hit $8 Billion Tokenized U.S. Treasuries Milestone

Ethereum Price Coiling: The Network Hit $8 Billion Tokenized U.S. Treasuries Milestone

Ethereum price is coiling. Trading above $2,300, ETH is holding above recent support as tokenized U.S. Treasuries on the network just crossed $8 billion for the first time in history. This is a milestone that reframes the story. Token Terminal data confirms the figure doubled within six months. For context, the same asset class crossed […]

2026-05-07
Leading China’s DeepSeek AI Price Prediction of XRP, Bitcoin and Ethereum by The End of 2026

Leading China’s DeepSeek AI Price Prediction of XRP, Bitcoin and Ethereum by The End of 2026

Leading China’s DeepSeek AI just dropped its end-of-May price prediction for the three biggest names in crypto. And the model is not messing around. On Bitcoin, DeepSeek is calling $85,000 to $92,000. The logic is straightforward. Post-halving supply compression is smashing into a wall of ETF inflows at the same time macro fears are cooling […]

2026-05-07
Pi Network (PI) Price Predictions for This Week

Pi Network (PI) Price Predictions for This Week

The price has entered a flat channel. Can it break away? PI Network (PI) Price Predictions: Analysis Key support levels: $0.16 Key resistance levels: $0.20, $0.28 PI is Stuck in a Channel Since the price bottomed at 13 cents, PI has entered a range between 16 and 20 cents. The price has been trading between […]

2026-05-07
Bitcoin analysts say this level must break for BTC price to confirm bottom

Bitcoin analysts say this level must break for BTC price to confirm bottom

A slowdown in profit-taking and reclaiming $88,000 as support are prerequisites for BTC to confirm cycle bottom.

2026-05-07
Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus

Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus

Bitcoin-backed “digital credit” is scaling fast, with executives pointing to a $3 trillion long-term opportunity.

2026-05-07
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