Galaxy Digital reported a $216 million net loss in Q1 2026 and negative adjusted EBITDA of $188 million, citing unrealized markdowns as the total crypto market cap fell about 20%. Equity rose to $2.8 billion and it held $2.6 billion in cash and stablecoins. Galaxy also activated its first Helios data hall in West Texas under a CoreWeave lease.

Bitcoin traders are fixated on the Federal Reserve, but this week's more decisive signal may come from U.S. Treasuries. The 10-year yield has spent April in one of its tightest ranges of the year, just as a heavy run of macro releases arrives. With Bitcoin's rebound increasingly tied to renewed institutional inflows and the assumption that liquidity conditions will not tighten again, a break in bonds could steer crypto's next move even without a crypto-specific catalyst. FRED data show the 10-year yield held between 4.26% and 4.35% from Apr. 1 through Apr. 24, ending Apr. 24 at 4.31%. Barron's flagged the narrowest Bollinger Band compression since Jan. 16, while Reuters' technical view places the yield inside a broader symmetrical triangle, a pattern that often precedes a sharp move. By Apr. 27, the yield had ticked back toward 4.32%, as commodity prices and geopolitical risks fed inflation expectations—factors that can push rates in ways the Fed does not directly control. The potential trigger is a tight two-day macro cluster: the FOMC meets Apr. 28–29; on Apr. 30 the BEA releases the advance first-quarter GDP estimate along with March Personal Income and Outlays and the PCE deflator, and the Employment Cost Index also prints that morning. Three major readings in two days are enough to shift Treasuries materially and, with them, the financial-conditions backdrop Bitcoin is leaning on. Institutional demand has been rebuilding into a fragile technical zone. CoinShares reported $1.2 billion of inflows into crypto investment products last week—the fourth straight positive week and the third consecutive week above $1 billion. Of that, $933 million went to Bitcoin and $192 million to Ethereum, lifting total assets under management to $155 billion. Farside Investors' daily figures show U.S. spot Bitcoin ETFs logged nine consecutive positive sessions from Apr. 14 to Apr. 24, totaling more than $2 billion of inflows. The risk is timing: buyers may be returning just as the bond market is about to pick a direction. CoinShares' Mar. 23 note highlighted how quickly flows can reverse when rates reprice: weekly inflows slowed sharply and crypto products saw $405 million of post-FOMC outflows once markets interpreted that meeting as a hawkish pause. That episode matters again as Bitcoin approaches the $80,000 area with the same unresolved variable—what Treasuries do next. On-chain data underline why the next leg may be sensitive. Glassnode's Apr. 22 update said Bitcoin reclaimed the True Market Mean at $78,100, while the short-term holder cost basis sits at $80,100 as the immediate resistance ceiling. ETF flows have turned modestly positive again and spot demand shows early recovery, but short-term holder realized profit has jumped to $4.4 million per hour. Glassnode also noted implied and realized volatility have compressed, leaving little premium in options pricing. Key levels are now clearly defined. Sustained demand through $80,100 would signal institutional buying is deep enough to absorb profit-taking. A rejection that pushes BTC back toward $78,100 would make the True Market Mean the last major support before Glassnode's $75,000 downside-acceleration zone comes into view. Two rate-driven outcomes frame the week. A bullish setup would be yields moving lower: if the 10-year closes below the April floor near 4.26% and breaks Reuters' 4.23% technical pivot, the macro backdrop becomes more supportive for risk assets. Lower yields ease discount-rate pressure and favor liquidity trades, giving the recent $1.2 billion weekly inflow pace a better chance of pushing BTC through $80,100 and holding. The October 2025 peak AUM of $263 billion remains the benchmark for how much institutional re-engagement could still grow. A bearish setup would be yields breaking higher: if the 10-year moves above 4.35% and heads toward Reuters' 4.6% upside resolution area, financial conditions tighten as Bitcoin presses into a profit-heavy zone where more than 54% of recent buyers are in the green. BTC could stall at $80,100, profit-taking could intensify from the $4.4 million-per-hour pace, and sellers could test $78,100. A break there would put $75,000 in play, reframing the inflow streak as capital that arrived before the bond market "closed the door". In short, Bitcoin's next move may originate in the Treasury market. Institutional demand has returned across multiple channels, but it is arriving before bonds have clarified whether macro conditions will help or hinder. Falling yields would materially improve the odds of clearing $80,000 and validate the institutional thesis; rising yields would shift the deciding factor to duration repricing and could sink the rally on macro pressure alone.

Fidelity moved 19,934 ETH, valued at about $45.29 million, into Coinbase roughly 30 minutes ago.

Circle has launched native $USDC and the Cross-Chain Transfer Protocol (CCTP) on the @Pharos_network mainnet, aiming to support institutional-grade settlement for tokenized real-world assets (RWA). The integration gives RWA issuers and DeFi protocols including @Centrifuge and @AquaFluxPro access to 1:1 USD redeemability across 450 unique transaction routes. Circle also introduced a $10 million native incubation program to back developers building stablecoin-backed credit and commodity markets on the high-performance Layer 1. With the addition of Pharos, $USDC is now natively supported across 33 blockchains, positioning the stablecoin as a liquidity rail for 24/7 instant settlement of tokenized real-world assets.

Visa has partnered with WeFi Official, a venture co-founded by Reeve Collins, who also co-founded Tether, to build on-chain banking infrastructure aimed at underbanked populations across Europe, Asia and Latin America.

Türkiye's central bank is rebuilding its bullion stockpile after reducing some of the dollar-for-gold swap positions used during the height of market stress. Official data show physical gold holdings climbed to about 730 tonnes as of April 17. Gold reserves rose by 30.7 tonnes over the past week, taking the two-week increase to 36.4 tonnes and partially reversing earlier declines linked to liquidity operations. Full story at Kitco:

Visa said on April 28 that it has entered a partnership with stablecoin infrastructure provider WeFi, aiming to close the "last mile" gap in bringing secure on-chain payments and banking services to end users. WeFi was co-founded by Reeve Collins, a former co-founder of Tether. The company positions its platform as a coordination layer linking decentralized finance (DeFi) with regulated payment rails, targeting applications including cross-border consumer spending and on-chain value storage. In an interview, Collins said WeFi is upgrading its core infrastructure and plans to offer users bank-account-like services, including individual IBAN numbers. He added that the firm is pursuing the required operating licenses across multiple jurisdictions. Collins said the platform expects to expand partnerships with banks and financial institutions as it scales, with a focus on serving underserved populations globally. The rollout will be phased by region, starting in selected markets across Europe, Asia and Latin America. Further expansion will hinge on local regulatory approvals and issuer partnerships.

Ripple has rolled out a corporate treasury offering designed to give companies greater flexibility in how they settle payments and manage liquidity. Video game designer Chad Steingraber, commenting in a recent post on X, said corporate treasury functions often operate like internal banks, centralizing financial activity to improve profitability. Steingraber said Ripple's approach could materially shorten employee settlement timelines, potentially moving from up to two weeks to daily payments. Corporate treasury teams typically consolidate cash, liquidity, and risk management to optimize financial performance; he added that Ripple's system is positioned to support real-time settlement using digital assets. The platform is intended to cover functions including cash monitoring, cross-currency liquidity optimization, risk mitigation, real-time visibility, forecasting, and automation. Ripple introduced the treasury management system about a month ago, positioning it as a way for CFOs to view fiat and digital liquidity in real time within a single interface, without separate platforms or reconciliation workflows. Ripple said treasury teams can view, hold, receive, and manage both fiat and digital liquidity on one platform, without separate custody relationships, parallel systems, or manual reconciliation. The solution runs on GTreasury, which Ripple said it acquired in October 2025 in a deal valuing the business at $1 billion. At the time of the launch, GTreasury served corporate treasury teams from small and midsize enterprises to Fortune 500 companies and processed $13 trillion in payment volume in 2025. XRP supporters have framed the treasury product as a meaningful step for broader adoption and utility across both crypto and mainstream finance. TradingView data showed XRP remained in a prolonged sideways trend, indicating possible accumulation. The token was last cited trading at $1.38, down 4.75% over less than 48 hours in a two-day decline. Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. Coin Edition is not responsible for losses resulting from the use of any content, products, or services mentioned. Readers should exercise caution before taking actions related to the company.

Gold is still struggling to gain traction as markets brace for interest rates to stay unchanged for the foreseeable future. The metal may also face additional selling pressure as U.S. consumer sentiment continues to strengthen. The Conference Board said Tuesday that the Consumer Confidence Index rose to 92.8 in April. The reading beat economists' expectations for a decline to 89 and improved from February's downwardly revised 91.2. Source: Kitco