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13 May 2026, 11:03
SharpLink’s Ethereum Bet Just Generated a $686 Million Loss: Is the Galaxy Deal News a Lifeline or a Vote of Confidence?
SharpLink posted a Q1 2026 net loss of nearly $686 million, driven almost entirely by $507 million in unrealized losses from its Ethereum treasury, a figure that dwarfs the firm’s less than $1 million loss in the same period last year. Bearish news for ETH treasuries. The trigger was a 45% peak-to-trough ETH drawdown that turned the company’s aggressive accumulation strategy into a paper catastrophe under GAAP fair-value accounting rules. The same earnings release announced a $125 million on-chain yield fund with Galaxy Digital, which some analysts are reading as a lifeline in disguise. SBET Stock / Source: Tradingview The tension at the center of this story is real: does the Galaxy deal signal institutional confidence in ETH staking infrastructure, or does it signal that SharpLink needed a structural backstop to stay credible? Those are not the same thing. How a 45% ETH Drawdown Produced a $686M Loss, and Why the Math Works That Way The mechanism here is worth understanding precisely, because it is not a trading loss or an operational failure in the traditional sense. SharpLink holds approximately 872,984 ETH valued at roughly $2.1 billion at current prices. GAAP fair-value accounting requires the firm to mark those holdings to market at each reporting date, which means a price decline flows directly into the income statement as an unrealized loss – no ETH sold, no cash out the door. ETH fell from approximately $3,354 on January 15, 2026, to $2,104 by March 31 – a drop of roughly 37% over the quarter alone, contributing the bulk of that $507 million unrealized hit. Across the broader peak-to-trough cycle, the 45% ETH drawdown compressed the dollar value of SharpLink’s entire treasury position with mechanical precision. The larger the ETH stack, the larger the paper loss on the way down. SharpLink Revenue / Source: Finsee The staking revenue side did not come close to offsetting this. Q1 2026 revenues jumped to more than $12 million from under $1 million a year earlier, a genuine operational improvement powered by the firm’s staked Ethereum treasury. SharpLink has accumulated 18,800 ETH in staking rewards since launching its treasury strategy in June 2025, running a mix of 66% native staking, 33% liquid staking, and 1% restaking. That is a functioning yield engine. It is just not a $507 million yield engine. The distinction that matters analytically: this is not a validator economics failure, nor a leverage blowup. It is a concentration risk event, amplified by accounting standards that require mark-to-market recognition of assets that have not been liquidated. SharpLink ended Q1 with $16.9 million in cash and 872,984 ETH still on its books. The loss is real on paper. The ETH is still there. That said, the accounting and liquidity risks in institutional Ethereum staking operations are not theoretical. A 45% drawdown does not just create paper losses; it compresses the equity cushion that supports the entire treasury model and raises legitimate questions about what a further leg down would look like on the balance sheet. Ethereum News: The Galaxy Digital Fund Is a Signal, But Not Necessarily the One Being Advertised The $125 million on-chain yield fund announced alongside the Q1 results is structured as follows: $100 million comes from SharpLink’s staked ETH treasury, and $25 million from Galaxy Digital. Galaxy is responsible for protocol selection, exposure sizing, and ongoing monitoring of all on-chain deployments. SharpLink brings the capital. Galaxy brings the operational oversight. Galaxy Digital CEO Mike Novogratz framed the deal in sector terms: “Institutional capital is moving on-chain, and the infrastructure to support it has matured to a point where allocators can access yield, liquidity, and risk management with the same rigor they expect in traditional markets.” Proud to partner with @Sharplink and @joechalom on the Galaxy Sharplink Onchain Yield Fund, putting one of the most significant ETH treasuries among public companies to work. Institutional capital is moving onchain, and the infrastructure is finally there to meet it. https://t.co/Jw4r3ggMrk — Mike Novogratz (@novogratz) May 11, 2026 That is a bullish read on institutional crypto broadly, and Galaxy’s own stock performance supports the narrative. GLXY shares are up 43% in the last month, recently trading at $30.92. SharpLink CEO Joseph Chalom described the strategic direction as moving “beyond foundational staking into a broader set of on-chain opportunities,” emphasizing a “comprehensive risk-management framework” designed to deliver shareholder value across market cycles. The language is disciplined. The timing raises a question worth naming: a firm reporting a $686 million quarterly loss is not negotiating from a position of strength. The conflict of interest embedded in this structure is also worth naming. Galaxy is both a financial contributor to the fund and the entity managing its on-chain deployment decisions. That does not make the partnership wrong. It does mean the assumption that Galaxy’s protocol selection is purely independent of its own positioning deserves scrutiny from investors and analysts watching this sector. Ethereum (ETH) 24h 7d 30d 1y All time If ETH price recovers meaningfully through Q2 and Q3, the fund launch will look like a well-timed DeFi pivot that turned a paper-loss narrative into a yield-diversification story. If ETH continues to grind lower, the $100 million deployed from SharpLink’s treasury into on-chain protocols will be exposed to additional mark-to-market pressure on top of the core holdings. The asymmetry runs in both directions. The post SharpLink’s Ethereum Bet Just Generated a $686 Million Loss: Is the Galaxy Deal News a Lifeline or a Vote of Confidence? appeared first on Cryptonews .
13 May 2026, 11:02
Computer Engineer Explains How XRP Will Reach $300
Crypto enthusiast and computer engineer CharuSan XRP recently explained why he believes XRP could reach $300. His comments focused on Ripple’s partnerships with major financial infrastructure providers and the potential speed of XRP adoption once regulatory clarity arrives. According to CharuSan XRP, many market participants underestimate how quickly banks could begin using XRP after the passage of crypto legislation, such as a Clarity Act. He argued that critics who predict XRP will only rise gradually to between $5 and $10 assume that banks would adopt the asset individually over a long period. He stated that Ripple has already formed partnerships with infrastructure providers, including Volante Technologies, ACI Worldwide, and Finastra. In his view, these relationships are significant because the companies already provide services to thousands of financial institutions worldwide. CharuSan XRP explained that a single software update via these providers could theoretically make XRP liquidity accessible to large banking networks at once. He argued that Ripple would not need to negotiate separate agreements with every bank because the infrastructure layer already connects them through centralized cloud systems. How XRP will reach $300 Shortly after the clarity law is enacted, banks will start using XRP. Those who say XRP will rise slowly or only reach $5 or $10 view banks like grocery stores joining the system one by one. However, Ripple has already partnered with giant infrastructure… pic.twitter.com/pCyJS0JNty — CharuSan XRP (@CharuSan83) May 11, 2026 The Debate Over XRP’s Long-Term Valuation In his post, CharuSan XRP rejected the idea that XRP adoption would necessarily take many years to materialize. He described XRP primarily as a payment transfer system and argued that software-based financial infrastructure can scale rapidly once integration begins. He also claimed that low XRP price predictions fail to account for the liquidity demands of large-scale global transfers. According to his argument, a low-priced asset would struggle to efficiently process enormous transaction volumes without creating liquidity issues. An X user, Blackchain Coffee, responded critically to the analysis. Blackchain Coffee acknowledged the importance of the technology but argued that connectivity alone does not guarantee real-world adoption by banks. The user stated that banks still require regulatory approval, compliance verification, and risk management clearance before fully integrating digital assets into their operations. Blackchain Coffee also directly challenged the $300 price target, noting that such a valuation would place XRP’s market capitalization at roughly $30 trillion, exceeding the economic size of many major global benchmarks. CharuSan XRP’s Response to Market Cap Criticism CharuSan XRP responded by arguing that traditional market capitalization metrics are not suitable for evaluating a liquidity-focused digital asset. He stated that XRP should not be viewed like corporate stocks because it’s intended to facilitate large-scale financial transfers rather than representing company ownership. He further argued that moving trillions of dollars tied to Nostro and Vostro accounts, as well as daily SWIFT transaction volumes, would require substantially higher XRP valuations to avoid severe slippage during transfers. According to CharuSan XRP, the available XRP supply would not support massive institutional transaction volumes at lower prices. He maintained that higher valuations would become a technical necessity if XRP were ever used extensively within the global financial infrastructure. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Computer Engineer Explains How XRP Will Reach $300 appeared first on Times Tabloid .
13 May 2026, 10:30
Crypto CLARITY Act Faces 100-Plus Amendments As Stablecoin, Banking Fight Intensifies
The US Senate Banking Committee’s crypto market structure push is running into a dense wall of amendments ahead of Thursday’s markup, with lawmakers filing more than 100 proposed changes to the CLARITY Act. The amendment rush puts stablecoin rewards, crypto firms’ access to the Federal Reserve system and even the use of digital assets for tax payments at the center of Washington’s latest fight over crypto regulation. According to Politico, committee members submitted more than 100 amendments before the markup vote. Crypto journalist Eleanor Terrett reported that Senator Elizabeth Warren alone filed more than 40 amendments, including one that would prevent the Federal Reserve from issuing master accounts to crypto companies. Terrett also flagged an amendment from Senator Jack Reed that would “prohibit crypto from being used as legal tender, for example, to pay taxes.” That language would cut directly against one of the industry’s longer-running policy goals: expanding digital assets beyond investment and trading into payments, settlement and public-sector use cases. Terrett noted the contrast with prior pro-Bitcoin tax-payment proposals, writing that Representative Warren Davidson had introduced a bill last year “to do that very thing” with BTC. Crypto Bill Enters High-Stakes Senate Markup The latest clash comes after Senate Banking Committee Chairman Tim Scott, Senator Cynthia Lummis and Senator Thom Tillis released new market structure text that will serve as the basis for the committee markup. The committee said the text reflects negotiations with Democrats and input from lawmakers, regulators, law enforcement, financial institutions, innovators and consumer advocates. Scott framed the bill as a consumer-protection and national-competitiveness measure. “Over the past year, we have listened, negotiated, and strengthened this bill because families, small businesses, investors, and innovators all benefit from clear rules of the road,” Scott said. “This bill reflects serious, good-faith work across the Committee and delivers the certainty, safeguards, and accountability Americans deserve.” The most immediate fault line remains stablecoin rewards . The Senate text would ban rewards on idle stablecoin balances that closely resemble bank deposits, while allowing rewards tied to transaction-based activity, such as stablecoin payments. The SEC, CFTC and Treasury Department would be tasked with issuing joint rules to implement that provision. Banks are not satisfied. Brendan Pedersen reported that Reed and Senator Tina Smith filed an amendment that would incorporate bank-requested changes to stablecoin yield restrictions, forcing lawmakers to choose between the crypto and banking industries. The amendment would target rewards “substantially similar” to deposit interest, a phrase that goes to the core of the banking lobby’s argument: that crypto platforms should not be allowed to compete with deposits through yield-like incentives while avoiding bank-style regulation. Terrett reported separately that American Bankers Association members had sent more than 8,000 letters to Senate offices urging lawmakers to revise the stablecoin-yield compromise. The ABA has argued that the current language does not adequately close what it calls a loophole allowing exchanges and other digital asset service providers to bypass the GENIUS Act’s ban on interest or yield on payment stablecoins. The bill also reaches well beyond stablecoins. Digital commodity exchanges, brokers and dealers would be treated as financial institutions under the Bank Secrecy Act, bringing them into anti-money-laundering, customer-identification and due-diligence regimes. The text would also allow crypto companies to raise up to $50 million annually, and up to $200 million total, without SEC registration, while clarifying that tokenized securities remain subject to securities law. The political path is still fragile. Terrett said Senate Minority Leader Chuck Schumer appeared engaged in a Democratic member meeting and eager for members to reach a “yes” on the CLARITY Act, but stressed that ethics negotiations needed to move further before Thursday’s markup. Warren, the committee’s top Democrat, has been pressing that issue hard, saying the bill “puts investors, our national security and our entire financial system at risk” and would “turbocharge Donald Trump’s crypto corruption ” without stronger conflict-of-interest provisions. At press time, the total crypto market cap stood at $2.67 trillion.
13 May 2026, 10:08
EV demand climbs in April as gas car costs lose ground
Global electric vehicle (EV) demand continued its upward trajectory in April. New figures from Benchmark Mineral Intelligence show high petrol prices boosted global EV demand for a second consecutive month in April, displacing combustion-engine vehicles. Recent registrations within the month were up 6% YOY to 1.6 million new pure electrics and plug-in hybrids, albeit down 9% from the record-setting month in March. The figures suggest that while short-term volatility persists in the market, the broader adoption trend remains intact. Market data also shows Europe is anchoring most of the global EV market gains, whereas momentum in both China and North America has noticeably softened. Benchmark Mineral Intelligence data manager Charles Lester confirmed, “Europe remains the main engine of growth.” How did Europe fare against the rest of the world in EV sales? The BMI identified three core pillars behind the EV demand spike: supportive regulatory frameworks, elevated fuel costs, and aggressive market expansion by Chinese OEMs (original equipment manufacturers). The Middle East tensions remain a major factor behind high petrol prices and, by extension, the shift in sales. According to the research platform, authorities’ continued efforts to stabilize fuel prices amid the conflict in Iran have affected a major oil shipping lane. In April, Europe’s sales exceeded 400,000 units, up 27% year over year. Performance indicators show Germany and France posting year-to-date EV sales increases of 33% and 36%, respectively, while Italy’s market has nearly doubled through regulatory subsidies. Moreover, research shows that nations within the European Economic Area, along with Switzerland, have allocated close to €200 billion (US$235 billion) to bolster their regional EV networks. However, a rollback of automotive trade-in policies and the expiration of purchase tax exemptions led to an 8% annual decline in China’s April EV registrations, bringing the total to around 850,000 vehicles. Nonetheless, Chinese carmakers strengthened their foothold internationally, with EV exports surpassing 400,000 units in April and total vehicle shipments nearly doubling to 1.4 million units in the first four months of 2026. Not to mention, even with EU tariffs , Chinese brands are selling more cars in Europe; BMI data shows they made up 22% of EV and plug-in hybrid sales in early 2026, up from 19% last year. Meanwhile, EV demand in North America also weakened in April, with registrations down 28% to 120,000 units after the US scrapped a tax credit scheme and considered easing emissions standards. On the other hand, sales in Mexico shot up by almost 50% in 2026, while Canadian sales fell by 7%. Nevertheless, a new rewards program should help Canada bounce back soon. Europe also saw strong EV sales in March Q1 2026 global EV sales hit 4 million, though slightly down 3% year-over-year. The quarterly dip was partially offset by March’s 1.75 million registrations, which surged 66% from February and 3% from the prior year. Even in March, Europe saw the most growth in EV sales, with sales surpassing 500,000 units for the first time. Austria, Belgium, Finland, France, Italy, Portugal, and Spain achieved peak BEV sales figures. The UK also saw solid sales, with year-over-year growth of 31%. Even then, elevated fuel costs noticeably influenced consumer purchasing patterns. French gas shortages and panic buying shifted consumer behavior, boosting year-over-year BEV sales by 69%—well above the 36% growth seen in early 2026. Some automakers also backed off their plans. At the time, Honda shut its 0 Series lineup of EVs and shuttered its joint Afeela models with Sony. If you're reading this, you’re already ahead. Stay there with our newsletter .
13 May 2026, 10:07
Eric Trump outlines Bitcoin accumulation plan to rival Strategy
Eric Trump, the son of President Donald Trump and founder of the Bitcoin ( BTC ) mining and treasury management company American Bitcoin (NASDAQ: ABTC), announced new plans that will help his company (and the U.S.) dominate the global cryptocurrency market. Speaking in an interview with David Lin published on May 12, Trump said there are effectively “two races” in the industry. The first one is centered on accumulating the largest Bitcoin treasury, and the other on acquiring the asset at the lowest possible cost. In regard to the first “race,” Trump mentioned Strategy’s Michael Saylor, saying he’s done an unbelievable job building his BTC holdings and acted as a visionary in the industry. Turning to the second “race,” however, Trump promised that American Bitcoin would claim the gold. “Michael’s done unbelievably. What a visionary he’s been. And then there’s the race of who can acquire the most, the cheapest. And I can tell you, at American Bitcoin, that’s the race we want to win. We want to be the ones that acquire the most, the cheapest,” Trump said. Eric Trump’s Bitcoin acquisition strategy Elaborating on his plans, the American Bitcoin co-founder said his company’s strategy is centered entirely on growing its Bitcoin reserves rather than selling mined coins into the market. When asked what circumstances would force him to sell, Trump said it would need to be something “beyond catastrophic.” “Our only premise of our entire company is to grow our Bitcoin stack. And our north star is growing Satoshi’s per share… We believe in Bitcoin. Come hell or high water, it would take us a lot to have to sell our treasury,” Trump added. Of course, Trump’s comments came after he referenced Saylor’s recent suggestion that Strategy could potentially sell some BTC to help finance dividends . While he acknowledged Saylor’s influence, the guest made it clear that American Bitcoin intends to pursue a stricter accumulation model. Further, the conversation also noted that Bitcoin adoption has accelerated rapidly among institutions, banks, and corporations, describing the current environment as an unprecedented global accumulation race. What gives American Bitcoin an edge, Trump said, is infrastructure and energy efficiency. Specifically, he claimed the company can effectively mine Bitcoin at roughly “50 cents on the dollar” because of low-cost energy access and lean operations. Currently, the company controls more than 90,000 mining machines and accounts for roughly 2.5% to 3% of the global mining capacity despite being only eight months old. What’s more, Trump added that the firm already holds more than 7,000 BTC. Featured image via Shutterstock The post Eric Trump outlines Bitcoin accumulation plan to rival Strategy appeared first on Finbold .
13 May 2026, 10:02
Bitcoin Price Prediction: Coiling at $81,000 as the CLARITY Act Vote Approaches: Will Tomorrow’s Senate Decision Trigger a Rally to $90,000?
Bitcoin is holding near $81,200, as traders brace for a Senate Banking Committee markup vote on the Digital Asset Market Clarity Act scheduled for May 14 at 10:30 AM EST, fueling bullish price predictions. The move reclaims a level that briefly cracked lower on Friday, and the catalyst sitting directly ahead could determine whether this rally has legs. Seven consecutive weeks of ETF inflows totaling $3.43 billion have supported the recovery from February’s $63,000 low, but the legislative outcome is the swing variable few are pricing with confidence. Total Bitcoin Spot ETF Net Inflow / Source: SoSoValue H.R. 3633 , which passed the House on July 17, 2025, by a 294–134 bipartisan vote, would grant the CFTC exclusive authority over spot markets for decentralized digital commodities while keeping SEC oversight over investment contracts. A May 11 compromise between Senators Thom Tillis (R-NC) and Angela Alsobrooks (D-MD) resolved key industry concerns, permitting activity-based rewards like staking while banning bank-style yields – earning Coinbase’s public support . Senate Banking Chairman Tim Scott confirmed the committee is, in his words, “in the red zone.” Prediction markets now put passage odds at 60%. Source: Polymarket Institutional positioning reinforces the macro bid. UBS disclosed a holding of 6.31 million MicroStrategy shares worth $1.12 billion, an indirect bet on MSTR’s 818,334 BTC treasury. Strong U.S. jobs data (115,000 payrolls added) and a single-day ETF inflow of $630 million on May 1 are keeping spot demand elevated heading into the vote. The legislative backdrop has shifted materially since Q1, the question is whether the Senate delivers before the market moves past it. Bitcoin (BTC) 24h 7d 30d 1y All time Bitcoin Price Prediction: Can Bitcoin Price Hit $85,000 Before the Clarity Act Vote? Bitcoin’s technical structure is constructive but not clean. Price is consolidating above $80,000, now acting as immediate support, with resistance sitting at $82,800, a level that rejected price earlier this week. A clean close above it opens the path toward $85,000, the next meaningful ceiling flagged by on-chain analysts. Momentum leans bullish. Miners offloaded roughly 3,400 BTC, and the sell pressure failed to dent the uptrend. Demand absorption is healthy. 7 straight weeks of ETF inflows are providing a structural floor that did not exist during the Q1 drawdown. The CLARITY Act committee vote is the catalyst heading into May 14. Bipartisan support advances the vote and price gaps above $82,800, targeting $85,000 to $87,000 within days. If the vote proceeds but faces amendments or delay, price chops between $79,500 and $82,800 with ETF inflows holding the floor. Democrats’ blocking of ethics provisions stalls the vote entirely, $80,000 gets tested, and a daily close below $79,200 invalidates the near-term bullish structure. Inflation data and Fed commentary are secondary risks sitting behind the legislative outcome. The current consolidation pattern resembles pre-breakout coiling. Whether that comparison holds depends entirely on what comes out of Thursday’s vote. the usual caveats. Watch the May 14 close, not just the vote headline. Smart Money Prefers New Layer 2 Called Bitcoin Hyper And Here is Why Bitcoin at $80,000-plus validates the macro thesis, but at this market cap, the asymmetric return window for BTC itself is structurally narrower than it was at $30,000. Traders seeking leverage on the Bitcoin ecosystem without the reduced upside of large-cap exposure are increasingly looking at infrastructure plays built directly on the network. (That’s not a contrarian take, it’s just math.) Bitcoin Hyper (HYPER) is one project attracting early attention in this context. It positions itself as the first Bitcoin Layer 2 integrating the Solana Virtual Machine – delivering sub-second finality and low-cost smart contract execution while remaining anchored to Bitcoin’s security layer via a Decentralized Canonical Bridge. The pitch is programmability without abandoning Bitcoin’s trust model. The presale has raised $32,676,096.88 at a current price of $0.01368, with staking rewards available at launch. Key features include extremely low-latency Layer 2 processing, SVM integration for DeFi-grade smart contracts, and native BTC transfer infrastructure. VISIT BITCOIN HYPER HERE The post Bitcoin Price Prediction: Coiling at $81,000 as the CLARITY Act Vote Approaches: Will Tomorrow’s Senate Decision Trigger a Rally to $90,000? appeared first on Cryptonews .
