hodler

7 May 2026, 16:39

Treasure Global launches Ethereum treasury with $176,000 initial buy, eyes $100 million deployment

Treasure Global Inc. (NASDAQ: TGL), a Malaysia-based technology company, announced that it created an Ethereum-based Digital Asset Treasury today, May 7. It also named BitGo as its custody provider. The company plans to start with an initial deposit of approximately $176,000 in ETH. According to its press release , the company plans to use the treasury framework over time to support capital deployment of up to $100 million. However, that figure is conditional, as the release specified that deployment would be “subject to market conditions and strategic opportunities.” Who is Treasure Global, and why did they start buying Ethereum? Treasure Global runs the ZCITY Super App, a popular Malaysian platform used by over 2.7 million people for digital payments and earning rewards (as at December 2025). According to the press release, the company is not changing how it does business, and is only buying digital assets as “a complementary balance sheet strategy.” Treasure Global chose Ethereum as its first treasury asset based on the network’s role in decentralized finance, stablecoin settlement, and tokenized asset infrastructure. The company described Ethereum as “a foundational infrastructure layer in the emerging on-chain economy” in the press release. This move places TGL among a growing list of public companies investing spare capital into Ethereum. According to data from Strategic ETH Reserve , there are currently 67 entities holding 7.33 million ETH (roughly $16.03 billion) collectively, which is about 6% of the total circulating supply. How much ETH can TGL buy for $100 million? With ETH current prices around $2,185, a full $100 million treasury would give Treasure Global roughly 45,700 ETH. That amount would place TGL on the same level with projects like FG Nexus (50,770 ETH, approximately $111 million currently) and Lido DAO (39,720 ETH, around $86.9 million), according to Strategic ETH Reserve’s rankings. TGL’s proposed $100 million ETH treasury would still fall short of a top 10 spot. Source: Strategic ETH Reserve. However, TGL would still be very far from the category leaders. Bitmine Immersion Technologies currently holds 5.18 million ETH after adding 101,745 tokens in a single week, as Cryptopolitan previously reported. SharpLink Gaming also holds about 863,020 ETH. Even The Ether Machine, which is third, sits at 496,710 ETH. At $100 million, Treasure Global would control less than 1% of what Bitmine holds. Staking ETH can earn TGL a small but steady profit. For example, Bitmine stakes 84% of its ETH through the MAVAN validator network, earning annual profits of 2.91% (about $297 million in annual staking revenue) according to Cryptopolitan . If TGL did the same with its 45,700 ETH ($100 million cap), they stand to make around $2.7 million every year in extra income. That number will increase as TGL buys more assets, but it is still a fraction of what the larger holders make. BitGo is cleaning up as a custodian With Treasure Global selecting BitGo (NYSE: BTGO) as its custodian, it will gain access to institutional-grade cold storage with multi-signature security architecture. BitGo supports 186 of the top 250 digital assets by market capitalization, according to the company’s April 2026 announcement , and serves thousands of institutional clients across custody, staking, trading, and settlement. “It enhances the security, governance, and operational resilience of our digital asset holdings,” Teo said when asked about the BitGo partnership. BitGo has also been expanding its institutional footprint in recent months. In May 2026, the company was appointed as an additional custodian for Virtune, a regulated Swedish digital asset manager, providing custody for its Stablecoin Index ETP under its MiCA license from BaFin. Nonetheless, the gap between a $176,000 initial purchase and a $100 million aspiration is wide. But whether TGL scales its treasury to a level that allows it to compete on the corporate ETH leaderboard depends on how much capital it has, plus the right market conditions. Still letting the bank keep the best part? Watch our free video on being your own bank .

7 May 2026, 16:12

Bermuda completes new pilot for real-time enforcement of crypto legislation regime

Chainlink, Apex Group, Bluprynt, and Hacken have completed an embedded supervision pilot with the Bermuda Monetary Authority (BMA). According to documentation shared by the involved parties, the pilot automated compliance processes, including identity verification, reserve backing, and transaction monitoring. The system also blocks non-compliant transactions before they settle. What digital asset pilot did Bermuda complete? The recently concluded pilot in Bermuda is the Embedded Supervision Solution. It combines the systems of Chainlink , Apex Group, Bluprynt, and Hacken, with each handling a specific enforcement function. Bluprynt verified the issuer’s legal identity and token contract using its Know Your Issuer (KYI) framework. It also translated Bermuda’s Digital Asset Business Act (DABA) and Digital Asset Issuance Act (DAIA) requirements. Chainlink’s ( LINK ) Automated Compliance Engine (ACE) evaluates policies at transaction time. Proof of Reserve confirms that off-chain assets exist using decentralized oracle networks. Secure Mint automatically stops token issuance when reserves fall below the required level. The Cross-Chain Interoperability Protocol (CCIP) keeps compliance information attached to assets even when they move across different blockchains. Apex Group provided verified reserve data from neutral custodians, and Hacken’s Extractor platform monitored the blockchain in real-time, detecting anomalies and scoring risk. The system spotted issues within 250 to 500 milliseconds of a transaction being added to the blockchain. The system ran on Ethereum’s Sepolia and Base Sepolia testnets across two tracks. Track one handled identity and compliance policy enforcement, combining Bluprynt , Chainlink and Hacken’s abilities. Track two managed proof of reserve enforcement and asset surveillance, combining Apex Group’s data with Chainlink’s Secure Mint contracts and Hacken’s real-time analytics. Non-compliant transactions were blocked before they could be finalized, and this included situations where issuer credentials were absent or reserve requirements were not met. Now that the pilot is completed, what next? The Bermuda Monetary Authority (BMA) found several problems specific to decentralized finance and digital asset markets. These include the absence of a central authority in DeFi systems, the need for effective anti-money laundering frameworks despite the anonymity, and the fast pace of DeFi innovation. Issues like the jurisdictional uncertainty across global digital asset flows and the need for real-time supervisory tools were also mentioned. Bluprynt recently secured $4.25 million in seed funding to expand its compliance operating system for on-chain finance. Investors include Coinbase Ventures and Valor Capital Group. Apex Group, which already services approximately $3.5 trillion in assets across 52 countries, is acquiring Mercer Administration Services in Australia. The deal received regulatory clearance from the Australian Competition & Consumer Commission in March 2026. The consortium is going to continue to work with the BMA to launch the embedded supervision system toward production usage through a phased rollout. The system will be expanded to include issuer identity and licensing enforcement, multi-jurisdictional compliance, broader participation, and full production deployment with ongoing regulatory iteration. The smartest crypto minds already read our newsletter. Want in? Join them .

7 May 2026, 15:15

Germany Signals End to Tax-Free Crypto Gains for Long-Term Holders

BitcoinWorld Germany Signals End to Tax-Free Crypto Gains for Long-Term Holders Germany appears poised to revise its favorable tax treatment of long-term cryptocurrency holdings, a move that could reshape the investment landscape for digital asset holders in Europe’s largest economy. Finance Minister Lars Klingbeil announced plans to reform the country’s virtual asset tax methodology, with changes potentially taking effect as early as 2027. Current Tax Rules Under Scrutiny Under existing German law, cryptocurrencies sold within one year of purchase are subject to capital gains tax. However, assets held for more than 12 months are entirely exempt from taxation. This policy has long positioned Germany as a haven for long-term crypto investors, encouraging a ‘HODL’ culture and attracting international capital. Klingbeil’s announcement, made during a press conference on the 2027 federal budget on April 29, did not explicitly mention the long-term exemption. However, industry observers and advocacy groups interpret the broader reform agenda as a direct threat to this tax-free window. Industry Response and Likely Targets The German Bitcoin Association, a leading industry body, has publicly stated its belief that the government will prioritize eliminating the one-year holding exemption. The association argues that such a change would generate significant additional tax revenue, a key objective as the government seeks to close budget gaps. “The Finance Ministry is looking for new revenue streams, and crypto gains are an obvious target,” said a spokesperson for the association in a statement following the budget announcement. “Eliminating the long-term exemption would align Germany more closely with other European nations that tax crypto gains more aggressively.” The reform is part of a broader effort to modernize Germany’s fiscal framework for digital assets. While no draft legislation has been presented, the timeline points to 2027, suggesting a lengthy legislative process involving parliamentary debate and public consultation. Implications for Investors and the Market If enacted, the reform would fundamentally alter the calculus for German crypto investors. The current tax exemption has been a powerful incentive for long-term holding, reducing the effective risk of market volatility. Removing it could lead to increased selling pressure as investors seek to lock in gains before the new rules take effect. International investors who chose Germany for its favorable tax environment may also reconsider their domicile or investment strategy. The change could prompt a shift in capital flows to other jurisdictions with more lenient crypto tax policies, such as Portugal or Switzerland, though both have also tightened their rules in recent years. The reform would also increase the administrative burden on taxpayers, who would need to track cost bases and holding periods for all crypto transactions, potentially for years. Tax advisors and accounting firms specializing in digital assets are likely to see increased demand for their services. Conclusion Germany’s potential repeal of the long-term crypto tax exemption marks a significant policy shift, reflecting a global trend toward tighter regulation and taxation of digital assets. While the reform is still in its early stages, the direction is clear: the era of tax-free crypto gains in Germany may be coming to an end. Investors should monitor legislative developments closely and consider consulting with tax professionals to prepare for potential changes by 2027. FAQs Q1: When would the new tax rules take effect? The German government has indicated a target date of 2027. The exact timeline depends on the legislative process, which includes parliamentary approval and potential public consultation. Q2: Would the reform apply retroactively to crypto already held? It is too early to say. Typically, tax reforms in Germany include transition rules. Grandfathering provisions for assets acquired before the change are possible but not guaranteed. Investors should seek professional advice. Q3: What other countries tax long-term crypto gains? Many countries, including the United States, the United Kingdom, and France, tax crypto gains regardless of holding period, though rates and allowances vary. Germany’s current exemption is increasingly unusual among major economies. This post Germany Signals End to Tax-Free Crypto Gains for Long-Term Holders first appeared on BitcoinWorld .

7 May 2026, 14:48

Gnosis DAO treasury vote sparks Aave-style governance drama

A governance proposal allowing GNO token holders to redeem their pro rata share of the Gnosis DAO treasury that went live on May 5, 2026, has led to a public dispute over how well the DAO’s leadership has delivered adequate returns on the project’s original 2017 fundraise. The proposal was shared on-chain by community member Wismerhill, who is asking GNO holders to vote in favor of direct treasury access. According to Wismerhill , the push is a response to concerns about Gnosis Ltd, the operating company led by the project’s original co-founders and funded by the DAO. Why are Gnosis community members feuding? In a post that was also a clap back to people who, according to him, call Gnosis communist or bad business, co-founder Lukas Schor, stated that the DAO raised $12.5 million in its 2017 ICO and now holds over $200 million in assets “without any fundraise in between,” while also “building a ton of value for the industry.” Data from DeFiLlama corroborates that fundraise figure of $12.5 million and lists the current total value locked on the Gnosis chain at roughly $83.5 million. Critics will point to the downward trending TVL in their argument. Source: DeFiLlama. Community member chud[.]eth did not buy into Schor’s submission, stating that people calling Gnosis “value creators, good business, etc.” are completely ignorant to the fact that Gnosis took in 250,000 ETH in 2017 and now holds less than 85,000 ETH in assets “without any significant ops rev in between.” He also added that the DAO spent heavily on salaries during the same period. Zeller enters Gnosis debate after Aave fallout Marc Zeller, founder of the Aave Chan Initiative (ACI) and a prominent figure in Aave’s own recent governance crisis, weighed in on the Gnosis numbers. Responding to Schor’s dollar-denominated defense, Zeller wrote that measuring in ETH (the asset actually raised) would show holders “massively outperformed by a teenager solely focused on wanking in his mom’s basement during the same period.” Earlier this year, Cryptopolitan reported that Zeller’s ACI and Aave Labs disagreed over the protocol funding, governance power, and the legitimacy of a narrow 52.58% vote on the “Aave Will Win” proposal. Zeller challenged that vote’s outcome, alleging that addresses linked to Aave Labs had swayed the result. The latest Gnosis drama is not so far off from the events that occurred between Zeller’s ACI and Stani Kulechov’s Aave Labs: A well-funded DAO. A disputed record of returns. Token holders are questioning whether insiders control outcomes. ‘RFV Raiders’ comparison draws mixed reactions DeFi analyst Ignas stated that RFV Raiders are back, adding that “Gnosis DAO is the new target.” RFV Raiders is a term for activists who target DAOs trading below their treasury’s redeemable fair value. He pointed to precedents from 2023, when similar campaigns led to the wind-down of Rook (which returned roughly 5x to raiders), the dissolution of Tribe (Fei Protocol), and a contested push against Aragon’s treasury. Ethereum Foundation DeFi coordinator Ivangbi offered a measured take while acknowledging that he had no skin in the Gnosis game. He stated that he found the discussion notable given that Gnosis is “one of the oldest, successful, product-shipping and richest” DAOs in the space.” Ivangbi wrote that “If GNO isn’t officially advertized as having assets backing (RFV) or having a bottom price line protected by the assets – then moral claims to treasury can’t be assumed.” Gnosis has until May 12 to decide The vote is live until May 12. If it passes, GNO holders would gain a mechanism to claim a share of the DAO’s treasury. This could pressure Gnosis Ltd to justify ongoing expenditures or face a slow bleed of capital. The Gnosis vote is live until May 12. Source: Gnosis. If it fails, the debate over ETH-denominated returns and allegations of insider spending will be very unlikely to go away. Gnosis Ltd and the DAO’s core contributors have not published a formal response to the redemption proposal as of May 7, 2026. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

7 May 2026, 14:30

XRP network activity plunges as speculative interest evaporates

BitcoinWorld XRP network activity plunges as speculative interest evaporates The number of new addresses being created on the XRP network has fallen by 85% since December 2024, signaling a sharp retreat in speculative interest that previously drove the token’s rally. According to on-chain analytics firm Glassnode, the daily average of new XRP addresses has dropped from roughly 18,000 in December to approximately 2,700 today. On-chain data confirms capital flight The decline in new addresses is not an isolated metric. Glassnode data also reveals that the monthly active supply of XRP has contracted dramatically over the same period, falling from 7.45 billion XRP to just 2 billion XRP. This suggests that a significant portion of the speculative capital that entered the network during the late-2024 price surge has since exited the market. When new address creation and active supply both decline in tandem, it typically indicates that retail and short-term traders are losing interest. New addresses are often a proxy for new market entrants, while active supply reflects the volume of tokens being moved or traded. A contraction in both points to reduced network usage and lower transactional demand. What drove the December spike? The surge in new XRP addresses last December coincided with a broader cryptocurrency market rally and renewed optimism around XRP’s legal status following the SEC lawsuit developments. At the time, XRP prices climbed sharply, attracting a wave of speculative traders hoping to capitalize on momentum. However, as prices stabilized and failed to sustain upward momentum, many of those participants appear to have exited. The current figures suggest that the network is now operating at activity levels more consistent with its pre-rally baseline, raising questions about whether the December spike was primarily driven by short-term speculation rather than genuine adoption or utility. Implications for XRP’s market position For long-term observers of the cryptocurrency market, the drop in network activity serves as a cautionary signal. While XRP remains one of the most well-known digital assets by market capitalization, declining on-chain activity can precede further price weakness if new catalysts fail to emerge. It also highlights the gap between price action and actual network usage — a dynamic that has historically affected other cryptocurrencies during speculative cycles. The data does not necessarily indicate a terminal decline for XRP, but it does suggest that the network has not yet achieved the sustained growth in user adoption that would support a higher valuation over the long term. Conclusion The 85% drop in new XRP addresses and the corresponding decline in monthly active supply paint a clear picture: the speculative fervor that lifted XRP in late 2024 has largely dissipated. For investors and analysts, the focus now shifts to whether the network can attract genuine, utility-driven usage — or whether the current lull will persist until the next wave of market enthusiasm arrives. FAQs Q1: What does a drop in new XRP addresses indicate? A decline in new addresses typically signals reduced interest from new users or traders entering the network. It often correlates with lower speculative activity and can precede price stagnation or decline. Q2: Is the decline in active supply a bearish sign for XRP? Falling active supply suggests that fewer tokens are being moved or traded, which can indicate reduced network usage. While not inherently bearish for long-term holders, it does point to diminished short-term transactional demand. Q3: Could XRP network activity recover? Yes, network activity can recover if new catalysts emerge — such as regulatory clarity, new partnerships, or broader market rallies. However, the current data suggests that the December 2024 spike was largely speculative and has not yet translated into sustained adoption. This post XRP network activity plunges as speculative interest evaporates first appeared on BitcoinWorld .

7 May 2026, 14:29

Days From Launch: The MOODENG Community Circles Wadoozie's $WADZ With 75% LP Locked

The MOODENG community is days from watching a different memecoin go live. Wadoozie ( $WADZ ) — an Ethereum-native, narrative-driven memecoin — is on track for a CertiK-audited fair launch on May 27, 2026, and traders who came up through the Moo Deng cycle are circling the launch ahead of the gate closing. With 75% of supply locked in a DAO-governed liquidity pool and a renounced contract already viewable on Etherscan, this is a launch the MOODENG audience should at minimum watch. Why Moo Deng holders fair launch interest is concentrating on $WADZ It is no secret that memecoin audiences rotate. The MOODENG holder base — a community that watched a single character mobilize a global crowd in 2024 — has, in the months since, learned to read launches more critically than most. The first questions tend to be the same: where is the LP, who controls it, what does the contract say, what does the audit say, and what does the team have left in inventory after launch. Wadoozie 's pre-launch publication answers each one in writing. Seventy-five percent of supply is destined for a locked LP that is governed by the DAO rather than the team. Tax is 0/0 at the contract level. The contract is renounced, eliminating mint, blacklist, and tax-modification keys. The team allocation is locked for twelve months. The audit is published. That is a tighter pre-launch surface than most memecoin launches publish at all, much less before opening trading. The May 27 fair launch — what is confirmed The fair launch date is confirmed for May 27, 2026, on Ethereum mainnet. The token is $WADZ, ERC-20. There is no presale and no allocation tilt; the public mint is the launch mint. The CertiK audit is on Skynet, with a separate Coinsult audit covering the same contract. The Etherscan page is live at 0x8a73...5d72 for traders who want to inspect the bytecode and balances before the candle. That state of affairs — listings live, audits live, contract live, LP destination disclosed — is the part of the launch the MOODENG community is reacting to. It is the difference between trusting a roadmap and verifying one. What runs after launch — the 48-state tour The post-launch calendar is the part that distinguishes Wadoozie from a typical pre-launch parameter sheet. The 48-state U.S. tour is structured as eight narrative Acts, opening in Austin and closing back in New Orleans, then continuing into Europe. When the tour bus arrives at a state, the node activates and seven physical Signal Fragments are placed in the field — four Common, one Uncommon, one Rare, one Legendary, with every state guaranteed at least one Legendary. How recoveries are paid Recoveries redeem for $WADZ at fixed per-tier amounts: 15,375 tokens for a Common, 46,125 for an Uncommon, 153,750 for a Rare, and 461,250 for a Legendary. Across the 48 states, the system distributes 34,686,000 $WADZ to community recoveries. For a MOODENG-era audience that has lived through how quickly mascot attention compresses, the tour is the part of the design that matters most. Mascot energy is concentrated by nature; participation is the structural answer to its decay. Verification & where to watch Holders cross-checking ahead of May 27 can verify directly. The contract is CertiK-audited on Skynet, with the Etherscan page live at 0x8a73...5d72 . The fair launch lands on May 27, 2026 — close enough that the verification window is not theoretical, and the MOODENG community has every reason to keep this one on the watch list. About Wadoozie Wadoozie is a narrative-driven Ethereum memecoin — $WADZ, ERC-20, fair-launching May 27, 2026 with 75% of supply in a DAO-governed locked LP, 0/0 tax, contract renounced, team locked 12 months, and a CertiK audit — built around a 48-state U.S. tour structured as 8 narrative Acts opening in Austin and closing back in New Orleans, then continuing into Europe. When the tour bus arrives at a state, the node activates and seven physical Signal Fragments are placed in the field — four Common, one Uncommon, one Rare, one Legendary, with every state guaranteed at least one Legendary — recoverable on the ground through clues surfaced on the live stream and the state's node page; whoever finds a fragment redeems it for $WADZ at fixed per-tier payouts of 15,375 / 46,125 / 153,750 / 461,250 tokens, distributing 34,686,000 $WADZ directly to community recoveries across the 48 states. The story is the product. The token coordinates it. Links Website: https://wadoozie.com Etherscan (contract): https://etherscan.io/token/0x8a730da6d4f483917a53072d9a8e5eef4b105d72 CertiK Skynet (audit): https://skynet.certik.com/projects/wadoozie CoinMarketCap (listing): https://coinmarketcap.com/currencies/wadoozie/ Disclaimer This document is for informational purposes only and does not constitute investment advice, an offer, or a solicitation. Cryptocurrency assets carry risk, including total loss of principal. Readers should conduct their own research and consult qualified advisors before making any decisions. All launch parameters are subject to final smart contract implementation, third-party audit, and on-chain deployment, and will be published at launch. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.