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Stake Launches Regulated Mexico Operation Five Weeks Before World Cup Kickoff

Coins Legend May 6, 2026 0

Online gambling operator Stake officially launched in Mexico on Monday, going live through stake.mx under a permit-based structure overseen by SEGOB, the Ministry of the Interior. The company is operating as an agent under a license agreement with intermediary firm Uno Capali, a structure

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Strategy Posts $12.54B Loss as Bitcoin Holdings Reach 818,334 BTC

Coins Legend May 6, 2026 0

Strategy reported a $12.54 billion net loss in the first quarter of 2026 as bitcoin valuation losses overwhelmed revenue growth and active financing. The quarter showed how its bitcoin treasury model can scale quickly while exposing investors to sharp earnings volatility. Key Takeaways: Strategy posted a $12.54 billion net loss in Q1 2026 driven by […]

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Polygon Unveils Private Stablecoin Payments to Lure Traditional Finance

Coins Legend May 5, 2026 0

The solution, which uses zero-knowledge proofs to verify every transfer, will allow companies moving large volumes to maintain the secrecy of these movements, improving transaction confidentiality. The system implementation encompasses KYT screening from regulators. Key Takeaways: Polygon partnered with Hinkal to launch a ZKP-powered private payment solution for USDC and

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A16z Crypto Unveils $2.2 Billion Fund to Build the ‘Next Wave’ of Financial Innovation

Coins Legend May 5, 2026 0

The funds will focus on supporting founders who build solutions around crypto, including payments, financial services, creator platforms, and decentralized infrastructure, which produce lasting value by turning solutions into usable products. Key Takeaways: A16z Crypto launched its $2.2B Crypto Fund 5 to help startups build the next era of financial tech. Chris Dixon noted

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Cryptoquant: BTC Dominance to Persist Until ETH Spot Demand Catches Up

Coins Legend May 5, 2026 0

Bitcoin and ether are recovering on fundamentally different supply and demand structures in 2026, according to a new Cryptoquant analysis. The divergence is now a key signal for whether a broader altcoin rally will follow. Key Takeaways: Cryptoquant analysts find that BTC and ETH have exhibited markedly diverging supply-demand structures throughout April 2026. Bitcoin

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Bitcoin Bulls Defend $80,500 Support, Driving 7% Weekly Surge to $1.63 Trillion Cap

Coins Legend May 5, 2026 0

Bitcoin surged past the $81,000 milestone for the first time in months, reaching an intraday peak of $81,714. Despite brief periods of volatility, the cryptocurrency maintained strong support above $81,500, marking a 7% weekly gain. Key Takeaways: Bitcoin hit $81,714 on May 5 as the Trump administration worked to de-escalate Middle East tensions. The rally […]

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Triple Win for Bitcoin ETFs With $532M Inflow While Ethereum Adds $61M

Coins Legend May 5, 2026 0

U.S. bitcoin spot exchange-traded funds (ETFs) recorded $532 million in net inflows on May 4, marking the third consecutive day of positive flows, while U.S. ether spot ETFs added $61.29 million on the same day. Key Takeaways: U.S. bitcoin spot ETFs recorded $532M in net inflows, their third consecutive positive day. U.S. ethereum spot ETFs […]

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Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward

Coins Legend May 5, 2026 0

Circle shares surged nearly 20% on May 4, closing at $119.53, after U.S. Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the CLARITY Act’s stablecoin rewards language. Key Takeaways Tillis and Alsobrooks reached a May 4 deal to ban stablecoin rewards functioning like bank interest. Circle (CRCL) stock surged nearly 20% to […]

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Hyperliquid Whale Bets $1.31M on TON at 6x Leverage as Bitcoin Eyes Fresh Highs

Coins Legend May 5, 2026 0

A newly created Hyperliquid wallet deployed $1.31 million into a 6x leveraged long on toncoin (TON) on Tuesday, setting a liquidation floor at $1.4213 and drawing immediate attention from onchain tracking firms. Key Takeaways: A new Hyperliquid wallet opened a 6x TON long worth $1.31M on May 5, with a $1.42 liquidation price. The trade […]

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Massive $1.9 Million Loss Nukes 11 Winning Bitcoin Trades for Whale

Coins Legend May 5, 2026 0

A trader closed a 700 bitcoin short position on Tuesday at a $1.94 million loss, erasing all $1.71 million in profits from 11 consecutive winning trades in a single position gone wrong. Key Takeaways: Wallet 0x004e closed a 700 BTC short on May 5, booking a $1.94M loss on a single trade. The loss erased […]