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Dubai, U.A.E, May 11th, 2026, Chainwire MultiBank Group’s crypto arm mb.io, brings African gold on-chain by partnering with Kings Orbis, EON3 Group, and Mavryk. Institutional gold tokenisation programme to be powered by mb.io RWA, with vaulting in Dubai under LBMA-approved custody, dedicated supply from EON3 Group, and Mavryk as the Layer 1 blockchain and RWA tech infrastructure partner. mb.io, the crypto arm of MultiBank Group, has confirmed an institutional partnership with Kings Orbis, EON3 Group Ghana Ltd, and Mavryk to develop an institutional-grade tokenisation programme for physically-backed gold sourced from West Africa. The partnership unites four institutional roles in a…

Bitcoin (BTC) surged 2.3% to $82,350 on Sunday after U.S. President Donald Trump rejected Iran’s peace proposal, signaling prolonged tensions in the Middle East. The move erased nearly $64 million in short positions, according to Coinglass data. The cryptocurrency initially dipped to $80,520 following Trump’s comments on Truth Social, where he labeled Iran’s counteroffer as “TOTALLY UNACCEPTABLE.” Within three hours, Bitcoin reversed course, climbing to $82,347 per CoinGecko data. This volatility underscores Bitcoin’s role as a potential hedge during geopolitical uncertainty. Market reactions extended beyond crypto. Oil prices jumped 4.6% to $98.70 per barrel, reflecting concerns over the ongoing conflict…

Bitmine owns more than 4.31% of the total ETH coin supply of 120.7 million Bitmine is 86% of the way to the ‘Alchemy of 5%’ in just 11 months Crypto Spring has commenced and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen As reflected in this edition of Tom Lee’s Chairman’s Message Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains Bitmine uplisted to the New York Stock Exchange (“NYSE”) from the NYSE American effective…

Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote.In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” when it comes to crypto. Four other lawmakers are seen as “deal-makers,” while one lawmaker is seen as “mixed.” “If Democrats vote for the bill in markup, likelihood of ultimate passage on the Senate floor increases significantly,” Galaxy Digital said. Passing the CLARITY Act…

White House adviser Patrick Witt said it’s possible the Clarity Act becomes law by July 4 while Senator Kirsten Gillibrand pushed for an ethics provision in the market structure bill. Consensus Miami 2026 wrapped up with a fiery debate on the role of prediction markets, and a lot otherwise happened at our first conference in the Sunshine State.CoinDesk also released the results of a survey it commissioned of 1,000 registered voters on their views toward crypto heading into the 2026 election.PS: I’ll be at the Bermuda Digital Finance Forum next week. Let’s catch up if you’re there.You’re reading State of…

Seven heavyweight Bitcoin mining pools, including Foundry and AntPool, have joined forces under the Stratum V2 working group to push forward the development of a vendor-neutral communication standard for mining pools. The collaboration aims to establish an open protocol that enhances efficiency and decentralization across the mining sector. The participating pools—AntPool, Foundry, F2Pool, Block Inc, MARA Foundation, SpiderPool, and DMND—represent some of the most significant players in the industry. Foundry and AntPool alone account for nearly half of the global hashrate, with Foundry controlling approximately 30% and AntPool 17.7%, according to Hashrate Index. The Stratum V2 protocol is designed to…

Binance co-founder Changpeng “CZ” Zhao said he was not very confident he would be pardoned by US President Donald Trump after serving a four-month prison sentence in 2024 for violating US anti-money-laundering laws.“You never know because we actually had very strong anti-lobbying from some of our perceived competitors in the US,” Zhao told Ran Neuner on the Crypto Banter podcast published to YouTube on Saturday.“The other crypto exchanges in the US don’t want me to get a pardon,” Zhao said, arguing they were concerned about Binance re-entering the US market after its exit in November 2023. The departure followed a…

Trump Media & Technology Group (DJT) reported a $405.9 million first-quarter net loss on $871,200 in revenue, widening from $31.7 million a year earlier as unrealized losses on its crypto holdings weighed on results.The parent company of Truth Social booked $244 million in unrealized losses on its cryptocurrency holdings. It also recorded a $108.2 million investment loss tied mostly to equity securities.Trump Media held 9,542.16 bitcoin BTC$80,694.27 at the end of March, with a cost basis of $1.13 billion and a fair value of $647.1 million, the firm wrote in a filing with the SEC. That position is now worth…

Estonia’s Financial Supervision and Resolution Authority (FSA) has issued an investor warning against Zondacrypto, operated by BB Trade Estonia OÜ, for alleged non-compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations. The regulator flagged the exchange’s failure to provide a white paper for its “TeamPL” token, a key requirement under MiCA Article 9. The FSA stated that crypto issuers are obligated to maintain a white paper on their website for as long as the tokens remain publicly traded. Zondacrypto has yet to publicly respond to the warning. Withdrawal Crisis and Missing Funds The warning comes at a turbulent time…

Key takeaways:A weakening US dollar and higher government debt favor scarce assets, even as spot Bitcoin ETF outflows and low retail demand spark some concern.Traders expect Kevin Warsh to become Fed Chair, which could benefit Bitcoin.Bitcoin (BTC) stagnated near $80,000 on Friday following a rejection at $82,500. Traders grew anxious after US-listed spot Bitcoin exchange-traded funds (ETFs) posted $268 million in net outflows on Thursday. Meanwhile, $270 million in leveraged bullish Bitcoin futures positions were liquidated within 24 hours, forcing investors to evaluate whether a sustained bear market is finally taking hold.Bitcoin US-listed spot ETFs daily net flows, USD. Source: SoSoValueThe…