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10 May 2026, 05:30

Gustavo Petro Warns Fossil-Fueled Crypto Mining Will Trigger ‘Climate Collapse’

Colombian President Gustavo Petro stressed that the future of bitcoin mining must be ecological, as countries with abundant green energy, including Paraguay and Venezuela, are attracting investments in the sector. He also warned about the consequences of using fossil fuels to power this activity. President Petro Highlights Venezuelan and Paraguayan Potential For Energy Mining Cryptocurrency

9 May 2026, 23:27

Strategy may sell BTC worth $66 billion for dividends

🚨 Strategy signaled it may sell some of its $66 billion in BTC. 👀 The goal: fund 11.5% yearly dividends and pay related taxes in $BTC. 📊 Key point: Sales will happen only if BTC per share increases for shareholders. Continue Reading: Strategy may sell BTC worth $66 billion for dividends The post Strategy may sell BTC worth $66 billion for dividends appeared first on COINTURK NEWS .

9 May 2026, 20:30

BlackRock files for two new tokenized funds with the U.S. SEC on Ethereum

BlackRock on Friday filed two applications with the U.S. SEC aimed at expanding its footprint in tokenized finance, marking the firm’s biggest push into blockchain-based investment products since the launch of its BUIDL fund in 2024. One of the filings outlines plans for the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a fund designed to hold cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by Treasuries. The fund would issue what BlackRock describes as “OnChain Shares” through a framework linked to multiple public blockchains. Records of Ownership for the shares would be maintained by Securitize Transfer Agent LLC, which would serve as the official transfer agent for the product . The filing did not name which blockchains the fund will support at launch. Entry requires a $3 million minimum investment, restricting access to institutional buyers. The second filing focuses on the BlackRock Select Treasury Based Liquidity Fund (BSTBL), a traditional money-market vehicle managing close to $7 billion. BNY Mellon Investment Servicing is expected to maintain shareholder records on Ethereum using the ERC-20 token standard. Blockchain transactions alongside off-chain identity verification would act as the fund’s official shareholder registry. This initiative would place one of BlackRock’s largest cash-management products directly on a public blockchain for the first time. BlackRock builds upon the BUIDL strategy Both filings extend a strategy BlackRock has pursued since 2024, when it partnered with Securitize to launch BUIDL, its first tokenized money-market fund . BUIDL has since accumulated roughly $2.5 billion in assets and found unexpected traction as collateral for borrowing along with leveraged trading across crypto markets. That secondary use case has driven institutional demand well beyond the product’s original scope. BlackRock CEO Larry Fink has publicly argued that blockchain-based settlement can compress transaction cycles, enable 24/7 trading, and add transparency to capital markets. The twin filings suggest the firm is acting on that thesis at scale and intentionally. RWA market is growing rapidly The filings arrive as the tokenized real-world asset (RWA) sector crosses $30 billion in total value, more than tripling over the past 12 months. According to data from rwa.xyz. A joint projection from Boston Consulting Group and Ripple estimated the market could reach $18.9 trillion by 2033. The market for tokenized U.S. Treasuries has grown rapidly, reaching a total value of $14 billion as of May 2026. This has indicated a rising institutional interest in blockchain-based fixed-income products. Major financial firms, including BlackRock and Circle, have emerged as key players driving the adoption of on-chain treasury products among institutional investors. Ethereum currently holds more than half of this market, equal to about $8 billion . BlackRock, which manages $14 trillion globally, is not the only traditional asset manager exploring tokenization and the RWA market. However, two filings in a single day from the world’s largest fund company are significant as regulators, competitors, and crypto-native firms continue to watch for more signals on institutional commitment. Neither product has received SEC approval as of the time of writing. No launch date has been confirmed for either fund. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

9 May 2026, 20:23

Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output

American Bitcoin (ABTC), the Trump family-backed BTC company, released its Q1 2026 financial results earlier in the week, and they showed a nearly $82 million net loss for the period. This was despite the firm mining a record 817 BTC. Mining Output Goes Up, But BTC Price Drop Hits Earnings Per documents it filed with the SEC, apart from the 817 BTC it mined, American Bitcoin also bought another 803 BTC, which took its strategic reserve to 7,021 BTC by March 31. However, at the time of writing, the stash had grown to about 7,300 BTC after the firm purchased an additional 300 units, which saw it climb the ranks of publicly traded companies holding Bitcoin to number 16. Mining revenues declined to $62.1 million from $78.3 million, due to lower prices per Bitcoin mined of $76,000 compared to the previous quarter’s about $100,000. Still, the company posted a gross margin over 50% and cut its cost to mine by 23% to $36,200 per Bitcoin, down from $46,900 or so in Q4 2025. Satoshis per share, the firm’s preferred measure of value creation, rose by about 20% quarter-over-quarter to about 663. “Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB, and the underlying business was profitable, and we did not sell a single coin,” CEO Mike Ho said in the earnings release. President Matthew Prusak framed the cost improvement as the key operational story, saying: “We produced Bitcoin at 52% gross margin despite a 22% decline in Bitcoin price, reflecting meaningful cost improvements that partially offset the price headwind. Every share of American Bitcoin owns more Bitcoin today than it did three months ago.” ABTC shares fell 8.4% to around $1.15 following the earnings release, keeping the stock far below its 52-week high of $14.65. Expansion Strategy Mirrors Wider Bitcoin Treasury Trend The production gains were partly the result of a hardware acquisition completed in early March 2026, when American Bitcoin took delivery of 11,298 next-generation miners from Bitmain. As was reported at the time, that deal added about 3.05 EH/s of capacity at an efficiency of 13.5 joules per terahash, deployed at Hut 8’s Drumheller site in Alberta, Canada. The company’s total owned fleet now stands at approximately 89,242 miners with 28.1 EH/s of capacity, though its operational fleet delivering active output is 58,999 miners at around 25.0 EH/s, still roughly half the scale of the largest publicly listed Bitcoin miners. American Bitcoin is not alone in reporting large headline losses driven by Bitcoin’s poor run at the beginning of the year, as Strategy, the largest corporate owner of the flagship cryptocurrency, earlier in the week reported that it had incurred a net loss of $12.54 billion in Q1 2026. The post Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output appeared first on CryptoPotato .

9 May 2026, 20:00

Tether Ramps Up Wallet Freezes, Blocking Over $500M In USDT

Once frozen, a Tether-blacklisted wallet almost never comes back. Only 3.6% of addresses placed on the blocklist in 2025 were later removed, according to BlockSec data. More than half of the funds tied to those wallets were permanently destroyed using the contracts’ “destroyBlackFunds” function — a detail that underscores just how final these enforcement actions tend to be. Freezes Surge Across Tron And Ethereum In the past 30 days alone, Tether froze over $514 million in USDT across 370 addresses on the Ethereum and Tron networks. BlockSec’s USDT Freeze Tracker shows 328 of those addresses were on Tron, with about $506 million locked there. Ethereum accounted for 42 addresses and $8.73 million. The gap between the two networks points to Tron as the main front in Tether’s enforcement push. The pace is picking up. All of 2025 saw Tether blacklist 4,163 addresses and freeze a combined $1.26 billion. At the current rate, that annual total could be surpassed well before December. A broader study covering 2023 through 2025 put the cumulative figure at roughly $3.3 billion across 7,268 addresses — far ahead of rival stablecoin issuer Circle over the same period. Seeing Tether freeze over $500M in USDT across Tron and Ethereum really shows how much compliance still shapes crypto behind the scenes. This makes me appreciate using platforms like BingX while staying more aware of custody, liquidity, and where funds actually move onchain.… pic.twitter.com/K0cNTrcmWX — Crypto Axtrol (@CryptoAxtrol) May 8, 2026 Law Enforcement Plays A Growing Role Some of the largest recent freezes were tied directly to government investigations. In April, Tether coordinated with the US Treasury’s Office of Foreign Assets Control to lock more than $344 million in USDT across two Tron addresses. Officials said those wallets were linked to suspected sanctions evasion involving Iran. Months earlier, in February, Tether assisted authorities in seizing over $61 million connected to pig butchering scams — a form of fraud where victims are manipulated into sending large sums under false pretenses. Tether had previously disclosed that it froze around $4.2 billion in tokens over three years due to links with illicit activity, with $3.5 billion of that amount locked since 2023 as law enforcement agencies stepped up crypto-related investigations. Broader Questions Around Freeze Powers The surge in blacklisting has sparked debate beyond stablecoins. Some decentralized finance projects have used upgradeable contracts and admin controls to halt or recover funds after major exploits, raising questions about who holds those powers and when they should be used. For stablecoins like USDT, issuers retain direct control over minting and burning. Data shows these freeze mechanisms are now a routine part of fraud, sanctions, and scam investigations — used not occasionally, but consistently and at scale. Featured image from Halo, chart from TradingView

9 May 2026, 19:48

Top Five Crypto News That You Shouldn’t Miss

CLARITY Act heads toward crucial Senate vote as U.S. crypto regulation discussions gain fresh momentum. Strategy signals possible Bitcoin sales despite holding nearly 3.9% of the total BTC supply globally. Revolut users panicked after an app glitch briefly showed Bitcoin crashing from $80K to $0.02. The crypto market stayed relatively calm today, with most major cryptocurrencies trading sideways after recent volatility. The total crypto market cap climbed to nearly $2.69 trillion, while Bitcoin, Ethereum, XRP, and Solana all posted small gains between 1% and 2%. Here are the five biggest crypto stories that shaped the market today. CLARITY Act Moves Toward Major Senate Vote One of the biggest stories today came from the Digital Asset Market CLARITY Act , which officially moved closer to a crucial Senate Banking Committee vote scheduled for May 14. The cryp… Read The Full Article Top Five Crypto News That You Shouldn’t Miss On Coin Edition .