CoinDesk

JUST IN: SpaceX is reportedly accelerating its IPO timeline and targeting a June 11 pricing on the Nasdaq, per Reuters.

INSIGHT: @OpenSea CMO says the next NFT cycle will look different from 2021: "A lot of people who were buying NFTs were not buying them because they actually wanted them, they were treating NFTs more like a digital casino." He sees tokenized Pokémon cards, Rolex watches and gaming items as the next wave.

NEW: Saudi Arabia is tokenizing its multi-trillion dollar economy to protect its wealth from global shocks

🎥 @lindsayfraser0 of @BlockchainAssn says ethics concerns remain the biggest hurdle for crypto legislation even after CLARITY advanced through the Senate Banking Committee. “Both Senator Gallego and Senator Alsobrooks said that their yes vote in committee does not indicate that they will be a yes on the floor. They need some sort of ethics language.”

If the Clarity Act passes, you can expect smart lawyers to spend a lot of time grappling with and litigating the “functional equivalence” language in the yield compromise. Lawyers were a big winner in that compromise, as I told @RebeccaRettig1. Check out our “The Policy Protocol” podcast weekly on @CoinDesk.

I call 'em like I see 'em: @LeaderJohnThune is our person of the week on @CoinDesk's The Policy Protocol w the incomparable @renato_mariotti . We need Sen. Thune to get Clarity to the Senate floor 🇺🇸, but have to recognize the Silver Fox for all that he brings to the table 😉

INSIGHT: The Trump family trust made approximately 50 trades across crypto-linked stocks including $COIN, $MSTR, $MARA and $HOOD in Q1 2026, per an OGE financial disclosure filing.

Strategy’s STRC preferred stock has become one of the hottest equity investments in bitcoin, but critics say that Strategy ($MSTR) may be digging itself into a hole since it has to pay out nearly $1 billion in annual dividends on $STRC alone. Investor Pio Vincenzo says that these critics are forgetting one crucial detail: the asset that transformed Strategy into the meteoric success it is today. “So when you talk about the obligations of the dividends, I think the thing that people always forget about and don't totally grasp is that strategy owns over 815,000 BTC…they can pay the dividends.” He argues that naysayers can call Strategy a ponzi all they want, but its bitcoin horde means that it could service the outstanding dividends for STRC for 70 years using its bitcoin liquidity. Put another way: ponzis don’t have the backing Strategy does. “So you have to remember how much Bitcoin is owned outright. When you think about the dividends. And I understand people like, oh, he's paying this dividend with that dividend. That's an issue. If you have nothing backing anything, if you have $0 on the balance sheet, if you're Bernie Madoff or a Ponzi scheme taking money from one person and giving it to another person, yeah, for sure…but you've got 815,000 of the most liquid asset, one of the highest volume assets in the world.” 🎧Catch the latest episode of Blockspace in partnership with @blockspace! 🎧 Spotify: open.spotify.com/show/2jyIhkvAQ… 🎧 Apple: podcasts.apple.com/us/podcast/coi… 📺 Watch: youtube.com/channel/UCZBo-…

@krakenfx Started from the bottom, now we're yellow 👌

I am a BTC crypto big-timer

NEW: Drake raps "I'm a BTC crypto big timer” on his new album Iceman.

SCOOP: @Payward, the parent company of crypto platform @krakenfx is cutting 150 jobs as part of an optimization effort ahead of its planned IPO. @willcanny99 reports.

LATEST: @CMEGroup and @NYSE are pushing U.S. regulators to oversee @HyperliquidX, citing concerns about market manipulation and sanctions evasion, per Bloomberg.

JUST IN: @Strategy repurchases $1.5B of its 2029 convertible notes for $1.38B in cash, retiring the debt at a discount, with settlement expected May 19.

MARKETS: @Strategy's $STRC logs a record $1.53B in trading volume, more than 4x its 30-day average, funding a purchase of 11,707 $BTC. @saylor sat down with @btcjvs to explain how $STRC works and why it's become one of the most powerful $BTC accumulation tools in the market.

NEW U.S. stock valuations are approaching dot-com bubble territory, with the Shiller P/E ratio hitting 42.18, just below the 44.19 peak seen in 1999 before the S&P 500 crashed 50%.

ALERT: @zachxbt flags a $10M exploit on @THORChain across Bitcoin, Ethereum, BSC and Base. The protocol has paused trading in response.

LATEST: South Korea's KOSPI crashes 8.4% after hitting an all-time high of 8,000 in the same session, wiping ₩509 trillion ($370B) in market value in six hours. Samsung, which accounts for 42% of the index, fell 8.61%.

INSIGHT: $ADA whales now hold 67% of circulating supply, the highest concentration since 2020, after accumulating through a 71% price drop.

JUST IN: Hana Bank, one of South Korea’s largest commercial banks, acquired a $670 million stake in Dunamu, the operator of the country’s largest crypto exchange Upbit. The firms also agreed to cooperate on building infrastructure for a won-denominated stablecoin ecosystem.