Author: James Wilson

Blockstream CEO Adam Back told Consensus Miami 2026 that bitcoin is winning a security war against DeFi, and that pension funds and sovereign entities are the next buyers. Summary Adam Back argued at Consensus Miami that Bitcoin’s simpler architecture is pulling institutional capital away from DeFi platforms hit by repeated smart contract exploits. He outlined Bitcoin adoption in three waves: retail ownership, spot ETF access, and now institutional allocation through managed portfolios and sovereign entities. Back estimated roughly 200 bitcoin treasury companies exist globally and said BlackRock model portfolio allocations have not yet fully taken effect. Blockstream CEO Adam Back…

Michael Saylor says Strategy is “converting digital capital Bitcoin into digital credit (STRC) and digital equity (MSTR),” pitching a three‑layer capital stack with BTC as reserve asset, STRC as yield‑focused credit, and MSTR as the levered equity layer. Summary Michael Saylor says Strategy is converting its Bitcoin “digital capital” into digital credit via STRC and digital equity via MSTR. STRC, a Bitcoin-backed perpetual preferred stock, has grown into an $8.5 billion “digital credit” product in under a year. The framework cements Strategy’s model: Bitcoin as reserve asset, STRC as yield-focused credit layer, and MSTR as leveraged equity tied to BTC…

Anthropic’s tokenized pre‑IPO shares now imply a $1.2T valuation—above OpenAI—showing how on‑chain markets are front‑running late‑stage AI pricing before any IPO. Summary Anthropic’s on-chain pre-IPO valuation has surged to around $1.2 trillion, making it the most richly valued private AI company and pushing it ahead of OpenAI’s implied secondary-market price for the first time. The move continues a stunning repricing of Anthropic on tokenized pre-IPO venues like Jupiter’s Prestocks and private-share platforms such as Forge Global and Hiive, where its implied value has climbed more than 700–900% since October 2025. The gap between Anthropic’s last official round at $380 billion and its current on-chain valuation…

BNY Mellon has increased its holdings in Strategy (MSTR) to 1 million shares worth about $187.2 million, deepening its use of the Bitcoin treasury company as a proxy for BTC exposure without holding coins directly. Summary The Bank of New York Mellon has bought an additional 101,810 shares of Strategy, a Bitcoin treasury company, in a move worth about $18.7 million. The purchase brings BNY Mellon’s total Strategy holdings to 1 million shares, with an aggregate value of roughly $187.2 million at current prices. The bank, which oversees around $2.1 trillion in assets under management, joins a growing list of…

On-chain sleuth ZachXBT has accused the founder of LAB of running centralized exchange manipulation schemes that he says “harm retail investors,” after a private warning DM was read and ignored Summary On-chain investigator ZachXBT has accused the founder of LAB of participating in centralized exchange (CEX) market manipulation that he says hurts retail traders. ZachXBT said he attempted to contact the founder privately, but his message was read and ignored, calling the conduct a further blow to the industry’s already fragile credibility. The allegation lands amid a broader wave of on‑chain investigations into insider trading, wash trading, and market‑making schemes…

South Korea plans to start taxing virtual asset income on Jan. 1, 2027, according to a new public statement from the Ministry of Economy and Finance. Summary South Korea plans to tax virtual asset gains above 2.5 million won from January 2027. The National Tax Service is preparing detailed guidance with Upbit, Bithumb, Coinone, Korbit, and Gopax. Political debate continues, but the Finance Ministry says crypto taxation will proceed as currently scheduled. Moon Kyung-ho, director of the ministry’s income tax division, said at a National Assembly forum that the government would proceed with virtual asset taxation as scheduled. Local reports…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BlockchainFX gains momentum as investors seek utility-focused crypto presales in the 2026 market. Summary Institutional inflows and Bitcoin’s rally are boosting interest in presales like BlockchainFX. BlockchainFX gains momentum with $14.4M raised and a nearing $15M launch trigger. As institutional capital reshapes crypto markets, BlockchainFX attracts attention for utility and upcoming exchange listings. The digital asset sector is undergoing a significant structural shift as institutional capital establishes a new floor for the broader market. While Bitcoin captures headlines with…

Bittrex has asked a U.S. federal court to overturn its $24 million settlement with the Securities and Exchange Commission after the regulator abandoned the crypto enforcement approach used against the exchange under the Biden administration. Summary Bittrex has asked a federal judge to cancel its $24 million SEC settlement after the regulator dropped similar crypto cases. Court filings stated that the SEC now no longer considers most crypto tokens to be securities under its current approach. The bankrupt exchange has also requested that the SEC return funds before the money is transferred to former customers through the Treasury Department. According…

TrustedVolumes, a liquidity provider and market maker connected to 1inch, was hit by an ongoing exploit that drained about $5.87 million from its Ethereum resolver contract, according to blockchain security firm Blockaid. Summary Blockaid said TrustedVolumes lost nearly $6 million from its Ethereum resolver contract during the exploit. The attacker was linked to the earlier 1inch Fusion V1 exploit from March 2025. The case adds pressure on DeFi market makers to review approvals and custom proxy risks. The stolen assets included 1,291.16 WETH, 206,282 USDT, 16.939 WBTC, and 1,268,771 USDC. The attack affected a TrustedVolumes-controlled custom RFQ swap proxy, not…

Robinhood said at Consensus Miami 2026 that Wall Street is now actively building on crypto rails, though institutional adoption is moving slower and more fragmented than the industry expected. Summary Executives from Robinhood-owned Bitstamp, Ondo Finance, and Babylon Labs told Consensus Miami 2026 that banks are actively integrating blockchain infrastructure and tokenized products. Robinhood VP Nicola White said the conversation with banks has shifted from asking what blockchain is to asking how to build on it. Panelists said institutional adoption will develop along two parallel tracks: regulated US finance and offshore permissionless crypto markets. Executives from Robinhood-owned Bitstamp, Ondo Finance,…