hodler

13 May 2026, 13:20

Solana AI PreStocks crash after OpenAI and Anthropic stock transfer warnings

Solana-based PreStocks tied to Anthropic and OpenAI have plunged this week after both artificial intelligence firms warned that unauthorised share transfers conducted through tokenized structures and special-purpose vehicles may be invalid and carry no shareholder rights. According to statements published by Anthropic and OpenAI earlier this week, the companies do not recognise transfers of their shares unless those transactions receive written approval from their boards. Both firms said the restrictions apply to tokenized interests, forward contracts, and SPV-based deals that attempt to give outside investors exposure to private company equity. CoinGecko data showed the Anthropic-linked token on Solana-based PreStocks fell from roughly $1,400 to a low of $812 after Anthropic issued its notice, cutting the token’s implied market value sharply within a day. OpenAI’s equivalent token also dropped to lows near $900 over the same period after trading over $1,300 the previous day. The token has since recovered over $1000. Anthropic PreStocks were trading around $879 at the time of writing, down nearly 32% since late Tuesday, with a market capitalisation of $8.4 million. PreStocks are tokenized instruments designed to track the implied value of private firms before a possible public listing. The instruments are not officially backed by the companies whose shares they reference. What happened? In updated transfer policy notices, Anthropic and OpenAI warned buyers that unauthorised equity transactions may not provide any legal ownership over the underlying shares. Anthropic stated that any sale or transfer conducted without board approval is “void,” meaning buyers would not be recognised as shareholders and would not receive stockholder rights. Using similar language, OpenAI said transfers completed without written consent could be invalidated and “carry no economic value” to purchasers. The company also warned that unauthorised transactions may violate US securities laws. At the center of the dispute are SPVs, or special-purpose vehicles, which are commonly used in private secondary markets to pool investor money around shares of privately held companies. Under that structure, the SPV holds the shares while outside investors buy exposure to the vehicle instead of directly owning company stock. PitchBook analyst Emily Zheng told Decrypt that layered SPV structures can create multiple layers of fees while also making it harder to confirm whether the underlying shares were legally obtained in the first place. According to the report, both companies indicated that if the original transfer into an SPV lacked approval, subsequent transactions tied to that structure may also be invalid. Anthropic went further by publishing a list of platforms and firms it described as unauthorized channels for trading its shares. The list included Open Door Partners, Unicorns Exchange, Pachamama, Lionheart Ventures, Sydecar, Upmarket, along with new offerings on Forge Global and Hiive. Forge Global’s inclusion drew attention because the platform operates as a regulated secondary marketplace for accredited investors trading private company shares. According to earlier reports , Anthropic’s implied valuation on Forge had reached about $1 trillion, surpassing OpenAI’s reported $880 billion valuation on the same platform, figures confirmed by Forge CEO Kelly Rodriques. Alongside the warnings, both companies have distinguished unauthorised tokenized activity from company-approved secondary sales. As of publication time, neither OpenAI nor Anthropic has announced enforcement action against token holders so far. The post Solana AI PreStocks crash after OpenAI and Anthropic stock transfer warnings appeared first on Invezz

13 May 2026, 13:20

Boyaa Interactive Warns of Wider Q1 Loss on Bitcoin Valuation Hit

BitcoinWorld Boyaa Interactive Warns of Wider Q1 Loss on Bitcoin Valuation Hit Hong Kong-listed gaming company Boyaa Interactive expects its net loss for the first quarter of 2026 to widen significantly, reaching between HK$470 million and HK$500 million ($63.84 million), according to a company filing cited by Crypto Briefing. The anticipated loss represents an increase of 110% to 120% compared to the same period last year. Bitcoin price decline drives valuation losses The company, which holds Bitcoin on its balance sheet, attributed the expected loss primarily to valuation losses stemming from the decline in Bitcoin’s price during the first three months of the year. This marks a continuation of the volatility risk that companies holding cryptocurrency face when accounting rules require mark-to-market adjustments. Notably, Boyaa’s core gaming business has shown improved profitability during the same period, underscoring the disconnect between operational performance and balance sheet exposure to digital assets. The company did not disclose the exact size of its Bitcoin holdings in the filing. Corporate crypto exposure remains a double-edged sword Boyaa Interactive is among a growing number of publicly traded companies outside the traditional financial sector that have added Bitcoin to their corporate treasuries. While such strategies can generate significant gains during bull markets, they also introduce substantial earnings volatility that can overshadow underlying business performance. The Hong Kong Stock Exchange requires listed companies to disclose material financial impacts, and Boyaa’s warning highlights how cryptocurrency price swings can directly affect reported earnings, even for firms whose primary operations have no connection to digital assets. Implications for investors and the market For investors, Boyaa’s situation illustrates the importance of evaluating a company’s total exposure to digital assets beyond just revenue and profit from core operations. The widening loss may also raise questions about risk management practices among Hong Kong-listed firms holding volatile assets. The broader market context includes a volatile start to 2026 for Bitcoin, which experienced price corrections after a strong rally in late 2025. Companies that accumulated Bitcoin at higher price levels have faced pressure on their balance sheets as the market adjusts. Conclusion Boyaa Interactive’s expected first-quarter loss serves as a reminder that corporate Bitcoin holdings can introduce significant earnings volatility, even when the underlying business is performing well. Investors and analysts will likely scrutinize the company’s approach to managing its crypto exposure going forward, particularly as regulatory frameworks around digital asset holdings continue to evolve in Hong Kong and globally. FAQs Q1: Why is Boyaa Interactive’s loss widening despite better gaming profits? The loss is driven by valuation losses on its Bitcoin holdings due to a decline in Bitcoin’s price during the first quarter of 2026, which outweighs improved profitability from its core gaming business. Q2: How does holding Bitcoin affect a listed company’s financial reporting? Under accounting rules, companies must mark their cryptocurrency holdings to market value at each reporting period. A decline in Bitcoin’s price creates a valuation loss that flows through the income statement, directly impacting net profit or loss. Q3: What does this mean for other Hong Kong-listed companies with crypto exposure? Boyaa’s warning highlights the earnings volatility risk that comes with holding digital assets. Other listed companies with similar exposure may face comparable pressure on their reported results during periods of crypto price declines, potentially prompting a reassessment of treasury strategies. This post Boyaa Interactive Warns of Wider Q1 Loss on Bitcoin Valuation Hit first appeared on BitcoinWorld .

13 May 2026, 13:19

Ripple (XRP) Price Predictions for This Week, May 13

XRP is consolidating above the $1.4 support. Can it test $1.6 next? Ripple (XRP) Price Predictions: Analysis Key support levels: $1.4 Key resistance levels: $1.6, $2 Key Resistance About to be Tested? After a successful defense of the $1.4 support, XRP appears ready to test the key $1.6 resistance. This comes after the price managed to break out of the blue pennant shown in the chart below. This breakout is typically a buy signal, but bullish momentum remains shy without a significant rally so far. Nevertheless, this can change in the days and weeks to come, as buyers decide to test the key resistance. Source: TradingView Is a Rally Imminent? After breaking from the pennant, XRP may enter into a sustained rally. The first challenge is found at $1.6. If that resistance falls, then this cryptocurrency will have a clear path towards $2 next. While bullish momentum remains low, it can start to build from here, and a breakout above $1.6 would reinforce and encourage buyers to rush to XRP. Right now, the momentum indicators give a bullish bias, but volume remains low. This shows conviction is still not here yet. Source: TradingView Weekly MACD Stays Bullish With this latest breakout, the weekly MACD continued to make higher histogram highs. This is exactly what we want to see to maintain a bullish bias. As long as this continues, a higher price for XRP remains likely. Even if buyers remain shy at this time, the price and indicators lean toward the bull side. Once the price starts to move higher, volume can catch up and allow a breakout at $1.6. That would be a necessary development for higher highs later this month. Source: TradingView The post Ripple (XRP) Price Predictions for This Week, May 13 appeared first on CryptoPotato .

13 May 2026, 13:15

$1,000 invested in Bitcoin when Trump won the election is now worth this much

Between the stance of the Securities and Exchange Commission (SEC) during President Biden’s term and President Donald Trump’s campaign promises, it is not difficult to see why many investors chose to turn bullish on Bitcoin ( BTC ) and other cryptocurrencies in November 2024. Still, despite the optimism and a significant rally that followed the presidential race, the Republican billionaire’s second term has not been the flawless triumph for digital assets that many expected it to be. Indeed, on November 4, election day, Bitcoin was changing hands at $67,811 while, at press time, the world’s premier cryptocurrency is at $80,509. Thus, a $1,000 investment made to celebrate the victory would, after a total 18.73% change, be worth $1,187. Simultaneously, while trading in November 2024 would not have, by press time on May 13, 2026, yielded stellar returns, making a purchase during Donald Trump’s inauguration would have fared even worse. Specifically, on January 20, 2025, Bitcoin was at $102,016, meaning it had fallen 21.08%, ensuring the hypothetical $1,000 investment would have turned to $789.18. Bitcoin price 5-year chart. Source: Google Here’s how top cryptocurrencies performed after President Trump’s election win Other major cryptocurrencies tell a similar story to BTC. For example, Ethereum ( ETH ) was, on election day, at $2,397 and, at press time, it is at $2,283. Therefore, a $1,000 purchase would have become $952.44. Solana ( SOL ) – one of the early movers in the bull market started in late 2023 – was at $157.75 when President Donald Trump won for the second time and is at $92.98 on May 13, 2026. Thus, buying $1,000 worth of SOL on the day would have led to $410.59 in losses and turned into $589.41. Lastly, XRP , arguably the biggest winner of the Republican victory among digital assets, was trading at approximately $0.50 on November 4, 2024. At press time, the token is at $1.43, meaning that a $1,000 investment would have become $2, 860for a total 186% gain. XRP price 5-year chart. Source: Google S&P500 outperforms Bitcoin despite October BTC all-time high Elsewhere, the volatility of digital assets ensures that merely examining two or three dates does not reveal the entire story. Indeed, while Bitcoin lost much of its value in the last six months, it notably achieved a new all-time high (ATH) above $125,000. Thus, a $1,000 made in November of the latest election year did, at a point in time in October 2025, yield a return greater than 85% as it turned into more than $1,845. Still, the volatility argument serves as something of a double-edged sword in 2026. Examining the 5-year performance of Bitcoin and the benchmark S&P500 stock market index reveals that the former is up 72.30% and the latter 77.32%. S&P500 price 5-year chart. Source: Google Therefore, an investor could have achieved better results by holding one of the most conservative and low-risk assets available than by hodling BTC. Featured image via Shutterstock The post $1,000 invested in Bitcoin when Trump won the election is now worth this much appeared first on Finbold .

13 May 2026, 13:12

Live markets: Bitcoin dips below $80,000 as producer price inflation surges to 6%

U.S. PPI surged well above forecasts in April, reviving concerns that rising oil prices and Iran-related supply risks may feed another inflation wave.

13 May 2026, 13:10

Metaplanet Q1 profit jumps, but Bitcoin losses hit bottom line

Metaplanet posted strong Q1 operating income driven by Bitcoin options revenue, but swung to a $728 million loss as BTC price declines triggered valuation markdowns.