Quick Summary: Alabama has signed the DUNA Act into law, making it the second US state after Wyoming to grant decentralized autonomous organizations legal recognition. Alabama has become the second US state to grant legal status to decentralized autonomous organizations, following in the footsteps of Wyoming. Governor Kay Ivey signed the Decentralized Unincorporated Nonprofit Association (DUNA) Act, also known as Senate Bill 277, into law after the state House passed it by a vote of 82 to 7 with 16 abstentions on March 17. The bill was originally introduced in February by Republican Senator Lance Bell. The signing was confirmed…
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Quick Summary: Strategic petroleum reserve releases masking Hormuz supply losses are expected to run out within weeks, pointing to deeper oil market stress. Risk assets including Bitcoin have experienced sharp swings in recent sessions as President Donald J. Trump has issued shifting statements regarding Iran. Despite the market volatility driven by political commentary, analysts point to underlying oil-market conditions that are moving in a clearly negative direction. The divergence between headline-driven price moves and real-world supply dynamics is becoming increasingly difficult to ignore.Emergency releases from strategic petroleum reserves have so far helped offset the loss of oil flows through the…
Quick Summary: Crypto venture capital firm Paradigm is developing a prediction markets terminal for professional traders, along with a potential internal market-making desk. Paradigm, a crypto-focused venture capital firm, is developing a prediction markets terminal aimed at professional traders and market makers, according to a report by Fortune. The project is being led by Paradigm partner Arjun Balaji, with sources indicating work began in late 2025. Cointelegraph reached out to Paradigm for comment but did not receive an immediate response.Beyond the terminal, Paradigm is also weighing the creation of an internal market-making desk, which would provide liquidity by placing buy…
Quick Summary: Tokenized Brent oil futures on Hyperliquid accounted for $46.6M of $403M in total liquidations after Trump threatened to strike Iran. Tokenized Brent oil futures traded on the Hyperliquid exchange generated $46.6 million in liquidations over a 24-hour period, contributing to approximately $403 million in total liquidations across markets. The commodity ranked behind only ether and bitcoin in terms of liquidation volume during that window. The scale of the move underscored the growing influence of tokenized commodity products within crypto trading venues.The largest single liquidation during the period was a $17.17 million Brent oil position on Hyperliquid. This marked…
Quick Summary: Genius Group liquidated all remaining Bitcoin in Q1 2026 to repay debt, reversing its ‘Bitcoin first’ strategy amid a broader corporate crypto selloff. Genius Group, an AI-powered Bitcoin treasury and education company, announced on Tuesday that it sold its entire remaining Bitcoin holdings during the first quarter of 2026 to pay off debt. The company stated it will resume building its Bitcoin treasury once it considers market conditions more favorable. The move marks a notable reversal for a firm that had publicly committed to a ‘Bitcoin first’ strategy as recently as November 2024, when it pledged to allocate…
Quick Summary: Bitcoin and major cryptocurrencies fell after President Trump signaled a harder line on Iran, reversing a brief global market rally. Bitcoin and other major cryptocurrencies declined following a primetime address by President Trump that signaled a tougher position toward Iran and provided no clear route to de-escalation. The speech quickly reversed a short-lived rally across global markets. Oil prices moved higher in response, while stocks and futures turned lower.The market reaction reinforces a pattern that has emerged in recent weeks, with Bitcoin proving particularly sensitive to headlines related to geopolitical conflict and the prospect of military escalation. The…
Quick Summary: A Bitcoin Policy Institute fellow argues Taiwan should hold Bitcoin as a reserve asset to protect against war, blockades, and US dollar debasement. A research fellow at the Bitcoin Policy Institute is urging Taiwan to reconsider holding Bitcoin as a strategic reserve asset, citing the island’s vulnerability to geopolitical threats and overexposure to the US dollar. In a report published Tuesday, Jacob Langenkamp argues that Bitcoin is the only reserve asset that would remain fully accessible to Taiwan in the event of a military blockade or invasion by China. He contends that gold could be seized or stranded,…
Quick Summary: Li Xiong, a core figure in the Huione Group crypto crime network, has been extradited from Cambodia to China to face fraud and money laundering charges. Li Xiong, a senior figure within the Chen Zhi criminal syndicate, has been extradited to China from Phnom Penh, Cambodia, where he will face charges of fraud and money laundering. The operation was carried out on April 1 by a task force dispatched by China’s Ministry of Public Security, with cooperation from Cambodian authorities. The development was reported by Hong Kong-based outlet Ta Kung Wen Wei, citing a statement published on WeChat…
Quick Summary: Crude oil surged past $103 a barrel and Bitcoin fell after Trump pledged to hit Iran ‘extremely hard’ in a national address on the ongoing conflict. Crude oil climbed above $103 a barrel while Bitcoin dropped to around $66,904 following a national address by US President Donald Trump on Wednesday, in which he pledged to strike Iran ‘extremely hard’ over the coming weeks. The remarks, delivered from the White House, sent fresh volatility through energy and cryptocurrency markets that have been sensitive to Middle East developments for months. Oil had briefly eased on Tuesday after Trump suggested the…
Quick Summary: SpaceX has confidentially filed for an IPO that could value the company at over $1.75 trillion and raise up to $75 billion. SpaceX, the aerospace company led by Elon Musk, has confidentially submitted paperwork for an initial public offering to the US Securities and Exchange Commission, according to a report from Bloomberg citing people familiar with the matter. The filing moves the company closer to what analysts believe could be the largest public listing in US history. Sources indicate the IPO could be finalized as early as June.The company is reportedly targeting a valuation exceeding $1.75 trillion, a…
