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26 May 2026, 06:19
Ondo Finance founder Nathan Allman dies unexpectedly at 32
🕯️ Nathan Allman, founder of $ONDO, has died at 32. He pioneered blockchain tokenization of real-world assets worth $3.86 billion. Continue Reading: Ondo Finance founder Nathan Allman dies unexpectedly at 32 The post Ondo Finance founder Nathan Allman dies unexpectedly at 32 appeared first on COINTURK NEWS .
26 May 2026, 06:00
Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says
As Bitcoin (BTC) recovers from its recent drop below the $75,000 support, some market observers outline the key levels that will define the direction of the flagship crypto’s next major move. Related Reading: Dogecoin Millionaires Are On The Move Again, Here’s What They’re Doing Now Bitcoin Between Two Crucial Levels Over the weekend, Bitcoin fell roughly 4.5% amid geopolitical tensions, reaching a one-month low of $74,289 before recovering. On Monday, the leading cryptocurrency surged another 1.6%, jumping back above $77,000. Amid this performance, Ali Martinez outlined two crucial price levels that will determine whether BTC “launches into its next major expansion phase, or if it extends its current value reset to offer a premier buying opportunity.” The analyst explained that Bitcoin has been in a consolidation phase since the February crash, moving within a channel throughout this structural reset, allowing the market to build liquidity “before its next definitive move.” Notably, BTC is near the upper boundary of its channel following a recent rejection at the crucial $82,500 resistance. Martinez noted that buyer conviction has been aggressively scaling up as the price tests this level, with derivatives traders heavily positioning for a breakout, and funding rates recently hitting 0.4%, the highest level in over two months. He previously explained that when funding rates climb this high, it signals that the derivatives market is “completely dominated by aggressive buyers,” and “traders are willing to pay a hefty premium just to maintain their long positions” as the predominant market bias remains significantly tilted toward an upcoming expansion. Meanwhile, on-chain data shows that some of the largest whales have been using this tight range to “rebalance their portfolios,” redistributing over 18,447 Bitcoin, worth roughly $1.42 billion. “This supply consolidation has placed BTC between resistance at $78,258 and support at $75,733,” he stated. Therefore, reclaiming this resistance could trigger a rally to $84,569, while losing the key support could send Bitcoin to $66,898. More Pain To Come? Other market observers also highlighted the $75,000 and $78,000 as the crucial levels in the short and mid-term. Daan Crypto trades emphasized that the Bitcoin bull market support band is currently between these levels. As BTC has failed to hold the upper boundary of this band as support for two consecutive weeks, Daan affirmed that bulls “need to keep holding (…) to keep this short/mid timeframe momentum in their favor.” He previously warned that falling below the $75,000-$76,000 area and weekly closes below it would suggest that the April-May recovery rally was “just a big deviation/dead cat bounce.” Meanwhile, Merlijn The Trader noted that Bitcoin has been rejected from the 200-Day Moving Average (MA). According to the post, this is the same level that capped the 2022 bull trap, which led to a 40% correction from that area. Like the other analysts, he affirmed that losing the $75,000–76,000 zone would accelerate the move to new lows, with an initial target of $67,000, where a CME Gap is located. He also pointed out that BTC’s tops tend to end the same way: three bumps on the 21-week SMA followed by the market lows Related Reading: HYPE Rally Accelerates Above $60 As High-Profile Whale Quietly Builds His Position The trader observed that after reaching its $69,000 cycle peak in 2021, Bitcoin retested the 21-week SMA on three occasions during its correction before reaching its bear market bottom. This time, BTC has retested this key indicator twice, suggesting that another drop to the “real bottom,” near $50,000, could follow in the coming months, if history repeats. Featured Image from Unsplash.com, Chart from TradingView.com
26 May 2026, 05:55
Alps Blockchain Begins Bitcoin Mining at Decommissioned Bolivian Gas Plant
BitcoinWorld Alps Blockchain Begins Bitcoin Mining at Decommissioned Bolivian Gas Plant Italian energy company Alps Blockchain, in partnership with Bolivian firm Kuruvika, has launched a Bitcoin mining operation at a decommissioned 127-megawatt (MW) natural gas power plant in Cochabamba, Bolivia. The facility currently uses approximately 27 MW of power and operates with a hashrate of 1.23 exahashes per second (EH/s), according to a report from Beets. The company plans to increase power consumption to 45 MW by the end of the year. Repurposing Stranded Energy for Crypto Mining The partnership represents a growing trend in the cryptocurrency mining industry: repurposing stranded or underutilized energy infrastructure for digital asset production. The Cochabamba plant, previously offline, now hosts mining hardware that draws power directly from the site’s natural gas supply. This approach can reduce energy waste and provide a revenue stream for otherwise idle assets. Alps Blockchain, which specializes in energy-intensive blockchain operations, sees Bolivia as a strategic location due to its available natural gas reserves and relatively low energy costs. Expansion Plans and Local Impact Alps Blockchain’s current 27 MW operation is just the first phase. The company aims to scale up to 45 MW by late 2024, which would significantly increase the site’s hashrate and mining output. The expansion could create local jobs in maintenance, security, and operations. For Bolivia, a country with limited cryptocurrency adoption and regulatory uncertainty, this project marks one of the first large-scale Bitcoin mining ventures. The partnership with Kuruvika, a local firm, may help navigate regulatory requirements and community relations. Why This Matters for the Crypto Mining Industry The Bolivia project highlights a broader shift in Bitcoin mining toward using flared or stranded natural gas. Miners are increasingly seeking locations where energy is cheap or otherwise wasted, reducing both operational costs and environmental criticism. If successful, this model could be replicated in other regions with decommissioned power plants or surplus gas. However, the venture also faces risks, including potential regulatory changes in Bolivia, fluctuating Bitcoin prices, and the technical challenges of operating in a remote location. Conclusion Alps Blockchain’s launch of Bitcoin mining at a decommissioned Bolivian gas plant demonstrates the practical reuse of stranded energy assets for cryptocurrency production. With current power usage at 27 MW and plans to reach 45 MW, the project could serve as a case study for similar initiatives worldwide. The partnership with local firm Kuruvika underscores the importance of regional expertise in emerging crypto-mining markets. The long-term viability will depend on energy prices, regulatory clarity, and Bitcoin’s market performance. FAQs Q1: What is Alps Blockchain’s role in this project? Alps Blockchain is the Italian energy company leading the Bitcoin mining operation. They provide the mining hardware and operational expertise, while Bolivian partner Kuruvika handles local logistics and regulatory compliance. Q2: How much power does the mining facility currently use? The facility currently consumes approximately 27 megawatts of power, with plans to expand to 45 megawatts by the end of 2024. The plant has a total capacity of 127 megawatts. Q3: Why is a decommissioned power plant being used for Bitcoin mining? Decommissioned power plants often have existing electrical infrastructure and access to cheap or stranded energy sources, such as natural gas. This reduces mining costs and repurposes assets that would otherwise remain idle, aligning with the industry’s push for energy efficiency. This post Alps Blockchain Begins Bitcoin Mining at Decommissioned Bolivian Gas Plant first appeared on BitcoinWorld .
26 May 2026, 05:45
Abu Dhabi’s IHC Executes Landmark $30M Transaction Using Dirham-Pegged Stablecoin
BitcoinWorld Abu Dhabi’s IHC Executes Landmark $30M Transaction Using Dirham-Pegged Stablecoin Abu Dhabi-based global investment firm International Holding Company (IHC) has completed a $30 million transaction using a stablecoin pegged to the UAE Dirham, marking the first major institutional deployment of the digital asset since it received regulatory approval. The transaction was conducted using the DDSC stablecoin on the ADI Chain, an institutional Layer 2 blockchain developed by the ADI Foundation. First Major Institutional Dirham Stablecoin Transaction The $30 million transfer represents a significant milestone for the integration of fiat-pegged digital currencies into mainstream corporate finance in the Middle East. IHC, one of the most valuable holding companies in the region, utilized the DDSC stablecoin — a digital asset designed to maintain a 1:1 peg with the UAE Dirham. The transaction was executed on the ADI Chain, a permissioned Layer 2 blockchain optimized for institutional use, offering higher throughput and lower transaction costs compared to public mainnets. The ADI Foundation, which developed the ADI Chain, has positioned the network as a regulated infrastructure for large-scale financial operations. The successful execution of this transaction by a firm of IHC’s stature signals growing confidence in Dirham-backed stablecoins for corporate treasury and cross-border settlement. Regulatory Context and Market Implications The DDSC stablecoin received regulatory approval from UAE authorities earlier this year, part of a broader push by the country to establish itself as a global hub for digital asset innovation. The UAE Central Bank has been actively exploring a central bank digital currency (CBDC), while the Securities and Commodities Authority (SCA) has developed a framework for regulating virtual assets. This transaction demonstrates that regulated stablecoins can serve as a practical bridge between traditional finance and blockchain-based settlement systems. Industry observers note that the use of a Dirham-pegged stablecoin for a transaction of this size could encourage other regional corporations and financial institutions to explore similar digital asset strategies. Stablecoins offer advantages such as near-instant settlement, 24/7 availability, and reduced counterparty risk compared to traditional banking channels. Why This Matters for Institutional Crypto Adoption The IHC transaction provides a real-world use case that moves beyond speculative trading. For institutional investors and corporate treasurers, the ability to transact in a stable, regulated digital asset pegged to a national currency reduces volatility risk while offering operational efficiencies. The use of a Layer 2 blockchain like ADI Chain also addresses scalability and privacy concerns that have historically deterred large institutions from using public blockchains. This development aligns with a broader trend of Gulf Cooperation Council (GCC) countries exploring digital currencies. Saudi Arabia and the UAE have jointly piloted the ‘Aber’ CBDC project, while Bahrain has established a comprehensive crypto regulatory framework. The IHC transaction adds practical momentum to these policy initiatives. Conclusion The $30 million transaction by International Holding Company using the DDSC Dirham stablecoin on ADI Chain represents a tangible step forward for institutional stablecoin adoption in the UAE. It demonstrates that regulated digital assets can be integrated into the operations of major investment firms, potentially paving the way for broader corporate and financial sector use. As regulatory frameworks continue to mature, transactions of this nature are likely to become more common, reinforcing the UAE’s position as a leader in digital finance innovation. FAQs Q1: What is the DDSC stablecoin? DDSC is a digital stablecoin issued by the ADI Foundation, pegged 1:1 to the UAE Dirham. It is designed for institutional use and operates on the ADI Chain, a permissioned Layer 2 blockchain. Q2: Why is the IHC transaction significant? It is the first major institutional transaction using a Dirham-pegged stablecoin since receiving regulatory approval, demonstrating real-world utility for corporate treasury and settlement. Q3: How does the ADI Chain differ from public blockchains? ADI Chain is a permissioned Layer 2 blockchain optimized for institutional use, offering higher transaction throughput, lower costs, and enhanced privacy compared to public networks like Ethereum. This post Abu Dhabi’s IHC Executes Landmark $30M Transaction Using Dirham-Pegged Stablecoin first appeared on BitcoinWorld .
26 May 2026, 05:42
Harvard University Exits Entire $87 Million Ethereum ETF Position in One Quarter as Foundation Brain Drain Deepens
Harvard Management Company has fully exited its position in BlackRock’s iShares Ethereum Trust ETF, selling the entire $86.8 million stake it had acquired only one quarter earlier, according to the university’s Q1 2026 13F filing with the Securities and Exchange Commission. The exit was complete as of March 31, 2026, with the filing showing zero holdings in the Ethereum ETF after the position had been listed in Q4 2025 disclosures as one of the endowment’s emerging digital asset allocations. Simultaneously, Harvard cut its iShares Bitcoin Trust holdings by approximately 2.3 million shares, a reduction of roughly 43 percent from the prior quarter, leaving it with 3,044,612 IBIT shares worth about $117 million. The contrast between the full Ethereum exit and the partial Bitcoin reduction tells a story the filing itself does not explain, suggesting a deliberate tilt toward Bitcoin as the preferred crypto allocation rather than a wholesale exit from digital assets. Ethereum’s price decline is the obvious contextual backdrop. The token has fallen more than 50 percent from its all-time high of approximately $4,953 reached in August 2025, trading around $2,100 to $2,120 in the days surrounding the filing’s release. A 13F filing records only quarter-end positions and does not disclose trade timing, rationale, or whether the sale was executed in a single transaction or spread across the quarter, meaning the precise circumstances of Harvard’s exit remain opaque. What makes the exit particularly significant is the timing relative to the Ethereum Foundation’s widely covered leadership instability. Eight Foundation team members departed in 2026 including researchers Julian Ma, Carl Beek, Tim Beiko, Barnabe Monnot, Trent Van Epps, and Alex Stokes, alongside former co-executive director Tomasz Stanczak. Community member Banteg posted on X: “Situation: all three EF protocol leads have left,” alongside a marked-up version of the Foundation’s organisational chart, a post that circulated widely and crystallised the breadth of the departures in a way that formal announcements had not. Journalist Laura Shin characterised the internal debate by writing that the Foundation’s March mandate outlining priorities around decentralisation, privacy, and censorship resistance contained “great” principles that were “worth fighting for” but argued the organisation needed to place greater emphasis on tokenomics and Ether’s market value. Abu Dhabi’s Mubadala moved in the opposite direction to Harvard, increasing its iShares Bitcoin Trust stake by 16 percent to 14,721,917 shares worth approximately $566 million, illustrating how differently institutional investors are currently reading the risk-reward profile of crypto ETF exposure. Harvard’s prior quarter decision to add the Ethereum position and then exit it entirely within three months sits alongside Dartmouth’s reported expansion into Solana ETFs, suggesting that institutional crypto allocation is still in a genuinely exploratory phase rather than reflecting settled long-term conviction. The next quarterly filing for Q2 2026 is due in August, which will show whether Harvard continues to reduce exposure, stabilises at the current Bitcoin-only position, or rebuilds the Ethereum allocation if price conditions improve.
26 May 2026, 05:41
Ondo Finance Founder Nathan Allman Dies Unexpectedly at 32
Allman founded Ondo in 2021 after previously working at Goldman Sachs and played a major role in the growth of blockchain-based tokenized real-world assets. Under his leadership, Ondo helped bring roughly $3.86 billion worth of tokenized assets on-chain. The company confirmed the news on Monday and announced that Ondo president Ian De Bode will take over as CEO. Ondo Finance Announces Death of Nathan Allman Nathan Allman, the founder and CEO of Ondo Finance and one of the early pioneers of blockchain tokenization, passed away unexpectedly at the age of 32. The company confirmed the news in a statement that was shared on X on Monday, where it described Allman as a visionary whose leadership, humility, and determination helped shape not only Ondo, but also the wider digital asset industry. “It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo’s founder,” the company wrote. “Our hearts are with his family and loved ones.” Allman founded Ondo in 2021 after working in the digital assets division at Goldman Sachs. Before that, he also founded ChainStreet Capital, a crypto hedge fund focused on algorithmic and event-driven trading. Through Ondo, Allman played an important role in advancing the tokenization of real-world assets, and helped bring billions of dollars worth of US Treasuries, stocks, and commodities onto blockchain networks. His work also contributed to the growing institutional interest in tokenization technology, including from major financial firms like BlackRock. According to Ondo, more than 111,000 token holders currently own tokenized real-world assets issued through the platform, which today accounts for roughly $3.86 billion in on-chain assets. For many in the industry, Allman represented a new generation of founders focused on bridging traditional finance with blockchain technology in a more practical and accessible way. Ondo president Ian De Bode, who will now step in as CEO, described Allman as both an incredible founder and a close personal friend. “The mission of Ondo, Nate’s mission, has not changed,” De Bode said. “If Nate were here, he would want to continue executing with excellence. We will make him proud.” Ondo’s vice president and head of marketing, Ben Grossman, also remembered Allman as “a once-in-a-generation founder and visionary” whose impact on the people around him and on the industry itself would not be forgotten. The company has not shared details surrounding Allman’s passing. Though Nathan Allman’s life was tragically cut short, his vision, leadership, and contribution to the future of blockchain finance will leave a lasting impact on the industry and the many people he inspired along the way.
