Friday, May 1, 2026

Trader Opens $1.96M MEGA Long at 1x Leverage, Already Down $402K

An onchain trader has opened a $1.96 million leveraged long on 11.96 million MEGA tokens and is already sitting on $402,000 in unrealized losses, a harsh reminder that altcoin risks do not disappear even when leverage is minimal. Key Takeaways: Trader 0xcc15 opened a $1.96 million leveraged long on 11.96M MEGA tokens and is already […]

via Shiraz Jagati

Justin Sun: Why Crypto Cards Are the ‘Next Evolution’ for Stablecoin Distribution

Tron founder Justin Sun has declared that crypto cards are the next structural phase in how digital assets reach everyday users. This follows a seismic year where stablecoins processed $33 trillion, surpassing Visa’s $14 trillion volume. Key Takeaways: Justin Sun identifies crypto cards as the “next evolution,” capitalizing on a $310 billion stablecoin market that […]

via Shiraz Jagati

Kenyan Central Bank Moves to Vet VASP Applications With 4 Hires

The Central Bank of Kenya is reportedly actively recruiting for its first-ever dedicated virtual asset service provider supervision team. Key Takeaways: CBK opened recruitment for 4 VASP oversight roles following the passage of the 2025 VASP Act. The recruitment signals that the CBK aims to professionalize and stabilize Kenya’s growing crypto market. A 13-member committee […]

via Terence Zimwara

Bitcoin Miner Riot Platforms Offloads Another 500 BTC to NYDIG, Extending Sell Streak

Bitcoin miner Riot Platforms has deposited another 500 BTC, worth $38.24 million, to institutional custodian NYDIG, extending one of the most consistent miner-selling patterns of 2026. Key Takeaways: Riot deposited 500 BTC worth $38.24M to NYDIG, extending its sustained 2026 sell streak. The move adds persistent supply pressure from one of the largest publicly listed […]

via Shiraz Jagati