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7 May 2026, 17:35

Trump-Backed American Bitcoin Shares Fall After $82 Million Q1 Loss

Shares in Eric Trump's mining firm American Bitcoin have fallen more than 9% after reporting a quarterly loss of nearly $82 million.

7 May 2026, 16:26

CoreWeave trades close to 2026 peak ahead of Q1 results

CoreWeave will present Q1 results after the markets close on Thursday. The company expects 100% revenue growth, but increasing net losses due to aggressive capital expenditures. CoreWeave prepares to report with a positive outlook, and its Q1 results may serve as a signal for the AI narrative. CRWV stocks are expected to trade with increased volatility, reflecting past performance during earnings season. The expectation is for a $1.97B to $2B in quarterly revenues, coinciding with the previous guidance and down from a projected $2.29B. Revenues are still up by around 100% year-on-year. CoreWeave prepares to gauge the effect of capex spending CRWV expects a loss of $0.85 to $0.89 per share, mostly due to the large-scale capital expenses for a full pivot to AI. CoreWeave abandoned Ethereum mining during the 2018 bear market, becoming one of the first mining companies to pivot to cloud services. Later, the company switched to AI data centers with cloud services. CoreWeave is still considered the model and the first mover of the AI pivot, starting much earlier than other crypto miners. In the past years, CoreWeave took up institutional debt and specialized in AI infrastructure financing. The company mostly taps the debt markets to finance its NVIDIA GPU clusters, accumulating $29.8B in debt. CoreWeave has an exclusive focus on GPU-based compute, meaning it is the go-to cloud service for AI startups that cannot get access to their own GPU clusters. The high-speed compute services may be key during the expected wave of agentic AI and other low-latency applications of LLM. CoreWeave also partners with Meta (Nasdaq: META), Microsoft (Nasdaq: MSFT), and is aggressively investing in data centers for the purposes of OpenAI, the main rival of Anthropic. CoreWeave has one completed and three planned data centers . It is precisely the access to GPU clusters that has turned CoreWeave into one of the key companies in the AI space. According to Zacks Research , CoreWeave is a ‘shovels’ company, offering the indispensable hardware component for growing LLM. How will CRWV shares move after the Q1 call? CRWV currently trades at $130.47, near its highest level for 2026. The shares trade with over 18% implied volatility , suggesting futures markets are pricing in higher volatility compared to the 20-day average. CRWV traded near its highest levels for 2026, but the shares expected volatility around the Q1 report. | Source: Yahoo Finance . CRWV has a relatively high short open interest as a percentage of the free float. A total of 14.5% of the free float shares are shorted, with 1.7 days to cover. While CRWV has a ‘hold’ recommendation from Zacks Research, the attempts to short suggest downward volatility, especially after the Q1 earnings call. CoreWeave is the bellwether in general sentiment for computation companies, setting the model of balancing its debt and real demand for its services. The performance of CoreWeave may serve as a gauge for companies with similar models. Former miners like Hut8 have also switched to offering GPU compute. Core Scientific (Nasdaq: CORZ) is also closely watched, as it prepares to host a 200MW data center for CoreWeave. Iris Energy (Nasdaq: IREN) has set out on its own, acquiring its own fleet of NVIDIA GPUs. IREN is the growth leader for the past five days, with over 33% in stock appreciation. Still letting the bank keep the best part? Watch our free video on being your own bank .

7 May 2026, 15:35

Solv Protocol Moves $700M in Tokenized Bitcoin to Chainlink CCIP, Drops LayerZero Bridge

BitcoinWorld Solv Protocol Moves $700M in Tokenized Bitcoin to Chainlink CCIP, Drops LayerZero Bridge Solv Protocol has announced it will migrate over $700 million in tokenized Bitcoin (BTC) assets to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), marking one of the largest single shifts in cross-chain bridge infrastructure to date. As part of the transition, Solv will phase out support for its existing LayerZero (ZRO) bridge integration across four blockchain networks. Why Solv Is Switching Bridge Providers The decision, first reported by CoinDesk, follows a comprehensive internal security review prompted by a series of high-profile cross-chain bridge exploits that have cost the industry hundreds of millions of dollars over the past two years. Solv’s engineering team determined that Chainlink CCIP offered a stronger security architecture, particularly its decentralized oracle network and risk management layers, which provide additional safeguards against bridge-level attacks. LayerZero bridge support will be discontinued on the Corn, Berachain, Rootstock, and TAC networks. Solv Protocol has not disclosed an exact timeline for the full migration, but stated the transition will be executed in phases to minimize disruption for users holding tokenized BTC positions across these chains. What This Means for Tokenized Bitcoin and Cross-Chain Security The migration represents a significant vote of confidence in Chainlink’s CCIP as the industry standard for secure cross-chain messaging. With over $700 million in assets moving to CCIP, the protocol now anchors a substantial portion of Solv’s liquid staking and yield-bearing Bitcoin products. For users, the practical impact will be minimal during the transition period. Solv has stated that existing positions will remain accessible, and the protocol will provide clear instructions for any necessary user-side actions. The move is expected to reduce the attack surface for Solv’s tokenized Bitcoin products, which have grown rapidly as demand for yield-bearing Bitcoin wrappers increases across DeFi. Broader Industry Context The shift comes amid ongoing consolidation in the cross-chain infrastructure space. Chainlink CCIP has gained traction among institutional and high-value DeFi protocols due to its emphasis on security and its use of a decentralized oracle network rather than a single validator set. LayerZero, while widely used, has faced scrutiny over its security model, particularly after several exploits on protocols that relied on its standard bridge implementation. Solv’s decision may prompt other protocols managing large pools of tokenized assets to reevaluate their bridge dependencies, potentially accelerating the adoption of CCIP as a preferred standard for high-value cross-chain transfers. Conclusion Solv Protocol’s migration of over $700 million in tokenized Bitcoin to Chainlink CCIP represents a strategic shift toward security-first cross-chain infrastructure. The move underscores the growing importance of robust bridge architecture as tokenized asset volumes grow, and signals that protocols are willing to switch providers even at significant operational cost to protect user funds. The phased discontinuation of LayerZero support on four networks will be closely watched as a bellwether for broader industry trends. FAQs Q1: Will users lose access to their tokenized Bitcoin during the migration? No. Solv Protocol has stated the migration will be phased to avoid disruption, and existing positions will remain accessible throughout the transition. Q2: Why is Solv dropping LayerZero support? Solv conducted an internal security review after recent cross-chain bridge incidents and determined that Chainlink CCIP offers a stronger security architecture for protecting user assets. Q3: Which networks are affected by the LayerZero bridge discontinuation? LayerZero bridge support will be discontinued on the Corn, Berachain, Rootstock, and TAC networks as part of the migration to Chainlink CCIP. This post Solv Protocol Moves $700M in Tokenized Bitcoin to Chainlink CCIP, Drops LayerZero Bridge first appeared on BitcoinWorld .

7 May 2026, 14:27

Core Scientific reports $347.2 million net loss as BTC mining revenue drops

🚨 Core Scientific reported a $347.2 million net loss in Q1 2026. Total revenue rose to $115.2 million but self-mining income fell by over 50%. 🟢 Colocation services powered most of the growth in $BTC-related business. Continue Reading: Core Scientific reports $347.2 million net loss as BTC mining revenue drops The post Core Scientific reports $347.2 million net loss as BTC mining revenue drops appeared first on COINTURK NEWS .

7 May 2026, 14:25

Lido to Resume EarnETH Vault Operations Following KelpDAO Bridge Incident

BitcoinWorld Lido to Resume EarnETH Vault Operations Following KelpDAO Bridge Incident Lido DAO, the organization behind the liquid staking protocol Lido (LDO), has announced the imminent resumption of operations for its EarnETH vault. The vault was suspended earlier this month following a significant security incident involving a bridge exploited by KelpDAO, resulting in a loss of approximately $292 million (116,500 rsETH). Background of the Suspension On [Insert Date of Hack, e.g., January 10, 2026], an attacker exploited a vulnerability in a cross-chain bridge used by KelpDAO, draining 116,500 rsETH tokens, valued at roughly $292 million at the time. As a precautionary measure to protect user funds, Lido proactively suspended deposits and withdrawals for its EarnETH vault, which integrates with various DeFi protocols to generate yield on ETH deposits. The decision to halt operations was a standard security response, allowing the Lido team to assess the incident’s impact on its own smart contracts and ensure that no funds within the EarnETH vault were compromised. The vulnerability was isolated to the bridge infrastructure, not the vault’s core logic. Resumption Details and User Impact According to Lido’s official announcement, the EarnETH vault will be fully operational again starting [Insert Date of Resumption, e.g., January 24, 2026]. Users will regain the ability to make deposits and withdrawals without restrictions. Importantly, Lido confirmed that reward distributions for EarnETH depositors continued uninterrupted throughout the suspension period. This means users did not lose any potential yield during the downtime. The protocol’s ability to maintain reward payouts while the vault was in a ‘deposits-only’ or ‘paused’ state highlights the resilience of its underlying architecture. Why This Matters for Lido and DeFi The swift suspension and subsequent resumption of the EarnETH vault demonstrate a mature approach to risk management within the DeFi space. For Lido, a protocol that manages over $30 billion in total value locked (TVL), maintaining user trust is paramount. By acting decisively and transparently, Lido has reinforced its reputation as a responsible steward of user assets. For the broader DeFi ecosystem, this event serves as a reminder of the systemic risks posed by bridge vulnerabilities. The KelpDAO incident is one of several high-profile bridge hacks in recent years, underscoring the need for continuous security audits and robust emergency procedures. Lido’s handling of the situation sets a positive precedent for how protocols should communicate and act during crises. Conclusion With the EarnETH vault set to resume full operations, Lido is moving past the immediate fallout of the KelpDAO bridge hack. The incident, while serious, did not result in direct losses for EarnETH users, and the protocol’s continued reward distribution during the pause is a strong signal of its operational stability. The resumption marks a return to normalcy for one of Lido’s key yield-generating products. FAQs Q1: What is the EarnETH vault? A: EarnETH is a vault within the Lido ecosystem that automatically allocates deposited ETH across various DeFi strategies to generate yield for users. Q2: Was any user funds lost in the KelpDAO bridge hack? A: No. The exploit targeted a bridge used by KelpDAO, not the Lido EarnETH vault itself. Lido’s proactive suspension ensured that no user funds within the vault were at risk. Q3: Will I receive rewards for the period the vault was suspended? A: Yes. Lido confirmed that reward distributions continued throughout the suspension period. Users will have accrued yield as normal. This post Lido to Resume EarnETH Vault Operations Following KelpDAO Bridge Incident first appeared on BitcoinWorld .

7 May 2026, 14:20

Bitcoin prices rebounded, and 5 free Bitcoin cloud mining and XRP access platforms in 2026 attracted attention, offering easy ways to earn passive income

Bitcoin’s recent rebound has brought renewed attention to the wider digital asset market. People are again looking at platform-based options to try Bitcoin cloud mining and other ways to access crypto services. As the market steadies and some risk appetite returns, hosted participation services, app-style dashboards, and infrastructure-focused platforms are attracting fresh interest from both Continue reading "Bitcoin prices rebounded, and 5 free Bitcoin cloud mining and XRP access platforms in 2026 attracted attention, offering easy ways to earn passive income"