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7 May 2026, 08:31
Arbitrum TVL hits $1.6B with ARB up 34 in May
🚀 ARB rose 34% in May as $1.6B poured into Arbitrum’s TVL. ARB’s biggest resistance now stands at $0.13, say analysts. Continue Reading: Arbitrum TVL hits $1.6B with ARB up 34 in May The post Arbitrum TVL hits $1.6B with ARB up 34 in May appeared first on COINTURK NEWS .
7 May 2026, 08:30
Using XRP Ledger, Mastercard, Ripple, JPMorgan, Ondo Finance Just Tested a Landmark Transaction
Mastercard confirmed a new institutional milestone through a post on its official X account. The company revealed a coordinated transaction involving Ondo Finance, JPMorgan’s Kinexys platform, and Ripple. The event links a public blockchain with traditional interbank settlement systems in a single integrated workflow. The transaction used tokenized U.S. Treasury assets and moved them through both blockchain infrastructure and established banking rails. It brought together digital asset and fiat settlement in a synchronized structure designed for institutional use. Ripple also responded to the development. The company described the event as a step toward continuous financial operations and highlighted XRP Ledger’s role in supporting institutional cross-border settlement. This is a meaningful step toward 24/7 global financial markets. By combining the XRP Ledger with global banking infrastructure, this pilot shows how institutions can execute cross-border transactions in a single integrated flow. https://t.co/H2mjgDSzvY — Ripple (@Ripple) May 6, 2026 How the Transaction Worked The transaction connected tokenized real-world assets with banking settlement systems. Ondo Finance provided tokenized U.S. Treasury exposure. Ripple facilitated the movement of value on the XRP Ledger . JPMorgan’s Kinexys platform handled institutional settlement components, while Mastercard supported payment network coordination through its Multi-Token Network. This structure allowed asset movement on a public blockchain while banking systems processed fiat settlement in parallel. The design created a unified settlement flow across different financial infrastructures rather than separate, isolated processes. Significance of XRP Ledger Usage XRP played a crucial role here, as the ledger functioned as part of a broader institutional settlement process that includes regulated financial institutions and traditional payment networks. The pilot demonstrates how blockchain infrastructure can operate alongside banking systems in real-time settlement conditions. The XRP Ledger powered the execution layer for digital asset transfer while banking systems processed fiat settlement. This structure increases visibility of blockchain-based settlement in institutional finance. Mastercard, JPMorgan, Ripple, and Ondo Finance continue to build shared infrastructure pathways that connect blockchain systems with global banking rails. This collaboration shows ongoing efforts to unify digital asset settlement and traditional financial settlement and build the foundation for a 24/7 global market. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Next Phase of Institutional Testing This transaction represents an early-stage institutional pilot rather than a fully scaled deployment. The participating organizations continue to test how blockchain systems integrate with banking infrastructure at higher levels of complexity. Future development will likely focus on increasing transaction volume, expanding asset classes beyond U.S. Treasuries, and improving the underlying link between traditional systems and the blockchain network with XRP as the bridge . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Using XRP Ledger, Mastercard, Ripple, JPMorgan, Ondo Finance Just Tested a Landmark Transaction appeared first on Times Tabloid .
7 May 2026, 08:30
US Bitcoin Reserve Plan Nears Major White House Update
White House crypto advisor Patrick Witt said the Trump administration will announce new details on the US Strategic Bitcoin Reserve within “the next few weeks,” framing the update as both a policy milestone and a custody response after an alleged exploit involving digital assets held by the US Marshals Service. Speaking at Consensus 2026 in Miami on Wednesday, Witt said the administration’s work on the Strategic Bitcoin Reserve, or SBR, and the separate digital asset stockpile had been progressing largely out of public view. The next announcement, he indicated, will focus on “exactly the progress that’s been made and where we’re going from here.” Trump’s Bitcoin Reserve Heads Toward New Update President Donald Trump signed an executive order in March 2025 establishing the Strategic Bitcoin Reserve and a US Digital Asset Stockpile, with the bitcoin reserve capitalized by BTC finally forfeited to the Treasury through criminal or civil asset forfeiture proceedings. The non-bitcoin stockpile covers other forfeited digital assets under a separate framework. Related Reading: Bitcoin Breaks $80,000, But On-Chain Activity Signals A Silent Warning Witt tied the coming update directly to a recent security incident. “So, as many of the folks in this room may have seen, there was an exploit of certain assets that were held by the US Marshals just a month or two ago. We obviously started the work on the SBR, the digital asset stockpile, without thinking about that, but obviously thinking about we need to properly secure these assets. So it’s a case in point for why it was so necessary that the President established the SBR and that he instructed the agencies to take these assets very seriously and properly safeguard them.” He added that digital asset custody creates challenges that do not fit neatly into legacy government asset-management procedures. “Custody is unique for digital assets. So we’ve made a tremendous amount of progress that’s kind of happened in the background and we’ll be making an announcement in the next few weeks, you know, laying out exactly the progress that’s been made and where we’re going from here.” The exploit Witt referenced appears to be the alleged theft tied to John Daghita, also known online as “John” or “Lick.” The case became public after blockchain investigator ZachXBT linked the “John/Lick” persona to wallets moving funds connected to US government-controlled crypto addresses. TRM Labs later said Daghita was arrested in Saint Martin in a joint operation involving the French Gendarmerie and the FBI, with authorities alleging he stole cryptocurrency from wallets associated with the US Marshals Service. Related Reading: Bitcoin Seasonality Flashes Bullish May Signal After Two Green Months According to TRM’s summary, the investigation traced part of the activity to cryptocurrency seized in connection with the 2016 Bitfinex hack. TRM said approximately $24.9 million of the traced funds originated from a US government-controlled wallet, while ZachXBT alleged that Daghita stole more than $46 million in seized crypto assets by abusing access at CMDSS, his father’s company, which held a US Marshals Service contract. Notably, Witt had already previewed the update days earlier at Bitcoin 2026 in Las Vegas. Speaking on a panel at The Venetian Resort, he said the administration had spent months working through the legal interpretations needed to protect bitcoin on the government balance sheet after Trump’s executive order. “In the next few weeks, we’ll be making a big announcement,” Witt said there, adding that the administration believed it could take a “big step forward from the executive branch side” even before Congress acts. He also made clear at Bitcoin 2026 that legislation would still be needed to lock the policy in more permanently. That distinction is central: an executive-branch framework can shape custody and management now, but a statutory framework would be harder for a future administration to unwind. At press time, BTC traded at $81,530. Featured image created with DALL.E, chart from TradingView.com
7 May 2026, 08:30
American Bitcoin Stock Jumps Despite $81.8M Q1 Loss
Mining revenue dropped to $62.1 million from $78.3 million in the previous quarter, while operating expenses reached $150.7 million. Despite the loss, the company mined a record 817 BTC, purchased 803 BTC for its treasury, and increased its total holdings to 7,021 BTC. American Bitcoin Posts Heavy Loss ABTC, the bitcoin mining and treasury company that was co-founded by Eric Trump, reported an $81.8 million net loss for the first quarter of 2026. This added to the $59.5 million loss that was recorded in the previous quarter. The company generated $62.1 million in mining revenue during the period, down from $78.3 million in Q4 of 2025, as declining Bitcoin prices weighed heavily on its financial performance. BTC’s price action over the past 3 months (Source: CoinCodex) A major contributor to the quarterly loss was a $117.2 million hit tied to the falling value of the company’s digital asset holdings. Bitcoin declined roughly 22% during the quarter, which reduced the valuation of American Bitcoin’s reserves. Total operating expenses for the quarter reached $150.7 million. Despite the loss, CEO Mike Ho explained that the underlying business remained profitable when excluding the non-cash mark-to-market accounting adjustments required under FASB rules. He also pointed out that the company did not sell any Bitcoin during the quarter. American Bitcoin achieved record production levels in Q1 after mining 817 BTC and purchasing an additional 803 BTC for its treasury strategy. This brought the firm’s total Bitcoin holdings to 7,021 BTC by the end of March. The company also said its mining platform maintained a gross margin above 50% despite adverse market conditions. In addition to this, American Bitcoin improved its mining efficiency by reducing the average cost to mine one Bitcoin to $36,200 from $46,900 in the previous quarter. According to the firm, the improvement came from higher production volumes spread across a relatively stable cost base, combined with effective energy pricing strategies. Eric Trump described the quarter as evidence of the company’s ability to efficiently accumulate Bitcoin at scale. He stated that the company mined Bitcoin at a 47% discount to spot prices while continuing to expand its strategic reserve. He also pointed out that American Bitcoin had become the world’s 16th-largest corporate Bitcoin holder within just eight months of becoming a public company. ABTC’s price over the past month (Source: Google Finance) Shares of ABTC rose 1.63% on Wednesday to close at $1.25. The stock has jumped more than 40% over the past month, although it is still down more than 72% over the past six months.
7 May 2026, 08:20
Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON
Toncoin jumped 32% to $2.89, marking a 110% increase since Telegram founder Pavel Durov announced a major strategic shift and a sixfold fee reduction. The ‘Regime Change’: Bringing TON Back in-House The native token of The Open Network, Toncoin (TON), rose to $2.89, surging by nearly 32% in 24 hours. The jump continued an ascent
7 May 2026, 08:00
Bitcoin Mining Could Transform Colombia’s Caribbean Region, President Says
Paraguay now controls 4.3% of the global Bitcoin network — a figure that caught the attention of Colombia’s president and may be shaping the country’s next big energy bet. An Indigenous Community At The Center Colombian President Gustavo Petro went public this week with a proposal to turn the country’s Caribbean coast into a Bitcoin mining hub, citing Paraguay’s rise as proof the model works for developing nations. In a post on X, Petro named three cities — Barranquilla, Santa Marta, and Riohacha — as potential sites for mining operations. He also put forward an unusual condition: that the Wayúu people, Colombia’s largest Indigenous community and long-time residents of the Caribbean coast, be made co-owners of any such project. “It’s an immense boost to the development of the Caribbean,” Petro wrote. Si las monedas virtuales se basan en energía fósil estalla el calentamiento mundial y el colapso climático Hoy los países con abundantes energías limpias encerradas como Venezuela y Paraguay, logran atraer las inversiones en minería del bitcoin. La.minería del bitcoin es el… https://t.co/KroCrG9qkD — Gustavo Petro (@petrogustavo) May 5, 2026 The proposal draws on Colombia’s existing energy profile. According to World Bank data published in April 2024, the country generates about 75% of its electricity from renewable sources — more than twice the global average. Petro argued that tapping those clean energy supplies for Bitcoin mining would sidestep the environmental concerns he has raised about fossil fuel-powered mining operations. Paraguay’s Rise Sets The Template The Paraguay comparison is central to Petro’s pitch. The landlocked South American country tapped hydroelectric power from the Itaipu dam and, based on reports, now ranks fourth globally in Bitcoin mining hashrate — behind only the US, Russia, and China. Analysts at Hashlabs have said the mining industry can deliver meaningful economic impact to emerging countries by converting surplus electricity into a cash-generating export. That opening is growing. US commercial miners are increasingly shifting focus toward artificial intelligence and high-performance computing, where profit margins are higher. Reports indicate that shift is leaving room for countries with low electricity costs to capture a bigger slice of the global Bitcoin network. A Short Window To Act There is one major constraint hanging over Petro’s plan. His presidential term ends in August, giving him roughly three months to move the proposal forward. He is barred by Colombia’s constitution from seeking re-election. Colombia holds its next presidential election on May 31. Featured image from Unsplash, chart from TradingView
