hodler

7 May 2026, 07:08

Trump-linked American Bitcoin reports $82M Q1 loss, revenue miss

Donald Trump’s sons’ company, American Bitcoin, missed analyst revenue estimates and posted narrower losses as it ramped up its mining capacity.

7 May 2026, 06:21

Trump family-backed American Bitcoin's costs dropped 23% in Q1 as mining industry pivots to AI

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.

6 May 2026, 17:50

DXY Faces Asymmetric Downside Risk Ahead of US Payrolls: TD Securities

BitcoinWorld DXY Faces Asymmetric Downside Risk Ahead of US Payrolls: TD Securities TD Securities has issued a tactical note to clients warning that the US Dollar Index (DXY) faces asymmetric downside risk heading into the upcoming US nonfarm payrolls (NFP) report. The analysis suggests that the current market positioning leaves the dollar vulnerable to a negative surprise, with potential for a sharper move lower than any upside from a strong print. Market Positioning and the Payrolls Catalyst The Canadian investment bank’s strategists argue that the dollar’s recent rally has been driven more by short-covering and a hawkish repricing of Federal Reserve expectations than by genuine bullish conviction. This leaves the DXY in a precarious position. A payrolls number that meets or exceeds consensus estimates may already be priced in, offering limited upside. Conversely, a miss below expectations could trigger a significant unwind of those short positions, accelerating a move lower. TD Securities highlights that the risk/reward profile is skewed to the downside, making the NFP release a key inflection point for the greenback. Key Levels and Market Context The DXY has been consolidating in a range after failing to sustain a breakout above recent resistance levels. Technical factors align with the fundamental caution. A decisive break below the 104.00 support area could open the door for a test of the 103.50 region, according to the note. The broader context includes shifting expectations for the Federal Reserve’s rate path, with markets pricing in a higher probability of cuts later this year. This backdrop makes the dollar particularly sensitive to any data that could validate or challenge the current rate outlook. Why This Matters for Traders For currency traders, the asymmetry described by TD Securities means that the potential reward for short-dollar positions may significantly outweigh the risk, particularly if positioning is lean. A soft payrolls report would not only weigh on the dollar directly but could also fuel a broader risk-on rally, further pressuring the greenback as a safe haven. The analysis underscores the importance of positioning and market expectations as much as the headline data itself. Conclusion TD Securities’ warning serves as a timely reminder that the US dollar’s recent strength may be fragile. With the payrolls report acting as a potential catalyst, the asymmetric risk profile suggests traders should be prepared for a potentially sharp move lower in the DXY. The outcome will depend on the data, but the setup, according to the bank, favors the downside. FAQs Q1: What does ‘asymmetric downside’ mean for the DXY? It means that the potential for the US Dollar Index to fall is greater than the potential for it to rise following the payrolls report, based on current market positioning and expectations. Q2: Which data point is the focus? The focus is on the US nonfarm payrolls (NFP) report, which includes the number of jobs added, the unemployment rate, and wage growth data. Q3: Why does TD Securities see this risk? They believe the dollar’s recent rally was driven by short-covering and is not supported by strong bullish conviction. A weak payrolls number could trigger a rapid unwinding of these positions, causing a sharp decline. This post DXY Faces Asymmetric Downside Risk Ahead of US Payrolls: TD Securities first appeared on BitcoinWorld .

6 May 2026, 17:47

Babylon and Gomining Plan to Activate Up to 1,000 BTC via Trustless Vaults

Babylon Labs and Gomining have announced plans to integrate their infrastructure, allowing bitcoin holders to lock their BTC into the former’s trustless vaults and earn native mining rewards from Gomining’s operations, all without wrapping, bridging, or surrendering custody of their coins. Key Takeaways: Babylon and Gomining announced a Trustless Bitcoin Vault (TBV) integration for up

6 May 2026, 17:06

Hut 8, Cleanspark swap BTC for AI gains as miners continue to offload tokens

Hut 8 just announced its first-quarter 2026 earnings alongside a $9.8 billion AI data center agreement, sending its stock up nearly 32% today, May 6. CleanSpark, the fourth-largest public miner by Bitcoin holdings, has also been liquidating mined BTC at a blistering pace to fund operations amid record-low mining margins. The two companies are the latest events in a wave of publicly traded miners redirecting capital from Bitcoin treasuries toward artificial intelligence infrastructure, a shift that produced record industry-wide BTC sales in the first three months of 2026. Bitcoin miners dump a record 32,000 BTC in Q1 According to CryptoQuant data, public Bitcoin miners offloaded more than 32,000 BTC during Q1 2026, more than full-year 2025 net sales and even surpassing the approximately 20,000 BTC liquidated during the Terra-Luna collapse in Q2 2022. The sellers included MARA Holdings, which sold 15,133 BTC for around $1.1 billion in March, and Riot Platforms, which made nearly $289.5 million from 3,778 BTC. Core Scientific also moved about 1,900 BTC (worth roughly $175 million) in January alone, according to the same report. CleanSpark’s sales increased as the quarter went on. The firm sold approximately 159 of the 573 BTC it produced in January. By February, it had liquidated 553 of 568 BTC mined, nearly selling off all of its monthly production. The selling wave represents a sharp reversal from 2024, when public miners added a net 17,593 BTC to their balance sheets and pushed combined treasuries past 100,000 BTC. Why are miners selling BTC for AI data centers? The Bitcoin sales are mostly driven by the difficulty in making profits from mining. Hashprice, which is a key measurement that tracks how much money miners stand to make, is currently near its lowest point ever, hovering in the low-$30-per-petahash-per-second range. Network difficulty is also roughly 10 times higher than it was in 2021, and the April 2024 halving reduced block rewards by half. These factors are pushing miners toward AI workloads. According to industry data cited by Cryptopolitan in February, AI infrastructure can generate between three and 25 times more revenue per megawatt of power than traditional mining. As such, profit margins on AI workloads often reach 80% to 90%. Hut 8’s data center agreement , valued at $9.8 billion, is one of the largest deals struck by a former pure-play miner. The company also recently refinanced a Bitcoin-backed credit facility, according to a May 1 statement . It was Bitdeer who set the standard for the pivot earlier this year after it liquidated its entire Bitcoin treasury of more than 1,127 BTC to fund land acquisitions and high-performance computing expansion in February, per Cryptopolitan . VanEck Head of Research Matt Sigel noted at the time that Bitdeer, “like other miners, is actively selling everything they mine (and more) to fund the AI pivot.” Holdings are still large despite sales Despite the record liquidations, public miners still hold significant Bitcoin collectively. Data from BitcoinTreasuries shows that 29 publicly traded mining companies hold a combined 100,287 BTC, worth approximately $8.19 billion at current prices. Top 10 publicly traded Bitcoin mining firms. Source: BitcoinTreasuries.net . MARA leads the race with 38,689 BTC, followed by Riot Platforms at 15,680 BTC. Hut 8 holds 13,696 BTC, and CleanSpark holds 13,561 BTC, placing them third and fourth among public miners. The question facing investors is whether Q1’s record selling was a one-time event or the start of a sustained downward trend. If hashprice stays low and Bitcoin fails to stabilize enough to offset compressed margins, the industry’s AI migration will likely continue till the end of 2026. The smartest crypto minds already read our newsletter. Want in? Join them .

6 May 2026, 16:00

MetaMask brings theMiracle benefits directly into its wallet

MetaMask, one of the most widely used crypto wallets, will launch a redesigned Rewards tab. Users will have three new ways to discover value and earn rewards. The wallet partnered with theMiracle project to power the Benefits section within the new Rewards tab. Users will see brand activations and loyalty rewards, based on their balance of digital assets. For the first time, the leading non-custodial wallet will bring automatically curated rewards based on user holdings. TheMiracle will introduce its behavioral intelligence infrastructure for wallets and ecosystems. The service will identify incentives based on analysis of each user’s on-chain activity and activate relevant rewards. MetaMask to include brand activations MetaMask users will not have to hunt across fragmented apps to search for benefits. Instead, the wallet will offer tailored benefits and brand activations, where users can take immediate action from their wallet. The Rewards button will also improve fraud resistance, as only trusted claimable rewards will be included in the daily offers. Ecosystem partners and brands will now have a more direct path to reaching end users within a safe platform. Wallets are increasingly becoming the hub of activity, as the a16z investment fund estimates 40M to 70M active crypto users globally, based on the 2025 annual report . MetaMask has shown somewhat more subdued swapping activity compared to 2025, based on Dune Analytics data. Ethereum and BNB Chain are still the most actively used chains by the wallet. The wallet still draws in 160K monthly active users. As Cryptopolitan reported , MetaMask has adopted some of the most recent trends, including tokenized stocks. The wallet follows the trend of becoming an ‘everything app’, offering the latest benefits in the crypto space. Recently, MetaMask also offered a tokenized version of Strategy’s STRC preferred stock. MetaMask is also open to partners and projects, opening a more direct way to reach users with announcements and benefits. MetaMask and theMiracle will read real user behavior MetaMask and theMiracle will simplify the discovery of value in Web3. For years, Web3 projects have advertised rewards, airdrops, and incentives, but often required lengthy registration processes. Additionally, not all incentives reached their target audiences. TheMiracle will read real user behavior and aggregate all relevant campaigns and rewards. “ Crypto wallets give a direct view and access into what people care about on-chain ,” said Danilo Cerullo, CEO and co-founder of theMiracle. “When behavioral intelligence and distribution infrastructure live in the same system, wallets stay in a trusted environment, supporting meaningful and loyal connections with their users. Brands reach the right audience, which makes every interaction more relevant,” he said. MetaMask will transform from a place to hold assets into a hub to unlock experiences and benefits, said Christian Montoya, Director of Product at MetaMask. The immediate response in the Rewards tab will make sure users reach all campaigns and benefits before they lapse. MetaMask has tapped a broader product shift in the crypto space. Other wallets, such as Phantom, have evolved into larger digital ecosystems for payments, access, identity, and reward campaigns. With theMiracle, MetaMask will go a step further and only display relevant and timely campaigns to avoid spam or phishing. The Rewards tab will take into account all trading, swaps, spending, and referrals of the user. The wallet will, in effect, actively respond to on-chain behavior and reward increasing activity. If you're reading this, you’re already ahead. Stay there with our newsletter .