Sky Mavis' gaming chain Ronin is set to move from an independent Ethereum sidechain to an OP Stack-based Layer 2 on May 12, with about 10 hours of planned network downtime. Transfers, swaps and smart contract interactions will pause during the window, and onchain actions for games such as Axie Infinity and Pixels are also expected to stop. Ronin says the hard fork will also change RON's tokenomics, reducing annual inflation from above 20% to below 1%.

Circle Internet Group said it raised $222 million in a presale of Arc tokens valuing the project at a $3 billion fully diluted valuation, with a16z crypto, BlackRock, Apollo and others participating. Released alongside Circle's Q1 2026 results, the company reported $694 million in total revenue and reserve income, while USDC supply rose 28% to $77 billion. Onchain USDC transaction volume totaled $21.5 trillion and adjusted EBITDA was $151 million, even as net income fell to $55 million amid higher operating expenses.

Wallet in Telegram has launched in-app perpetual futures trading for its 150M+ users via an integration with Ethereum-based DEX Lighter. Users can take leveraged long or short positions on 50+ assets and place trades inside Telegram with up to 50x leverage. Availability is not global, with access restricted in jurisdictions including the United States and the United Kingdom.

The Uniswap Foundation said it ended 2025 with $85.8 million in assets and expects its current funding to cover operations into early 2027. It disclosed holdings as of Dec. 31, 2025, including $49.9 million in cash and stablecoins, 15.1 million UNI, and 240 ETH. The group also outlined allocations of about $106.2 million for grants and incentives and $26.3 million for operating costs and employee token awards.

Bitcoin started Monday around $66,000 after a thin-liquidity weekend dip toward $64,000, then climbed nearly 2% to trade near $68,000 following President Donald Trump’s comments about “serious discussions” with what he called a new Iranian regime. Spot Bitcoin ETFs logged $296 million in net outflows from March 23–28, while Ethereum ETFs saw $206.58 million outflows over the same window. Analysts said geopolitical uncertainty and a busy U.S. data calendar are keeping risk appetite restrained and pushing investors toward yield and defensive positioning.

Bitcoin is trading just under $69,000 after stabilizing from recent volatility, with analysts describing a tight “compression range” around roughly $69K–$72K. Several firms say macro cross-currents and thin liquidity are keeping price action contained, while $72,000 is framed as the key level that would need to hold for a clearer upside move.

U.S. Reps. Adrian Smith and Nikki Budzinski introduced the bipartisan PREDICT Act on Wednesday to restrict federal officials and their families from trading prediction-market contracts tied to elections, legislation, or other government actions. The proposal sets penalties that include a civil fine equal to 10% of the transaction value and mandatory forfeiture of any profits, with proceeds directed to the U.S. Treasury.

Tangem, a Switzerland-based hardware wallet provider, reported $61.3 million in revenue for 2025, representing a 102% year-over-year increase driven by its "active self-custody" approach. The company said recurring in-app activity, including DeFi access, has become a bigger growth driver than one-off device sales as monthly active users rose by 50%.

Bitcoin is trading in the mid-$70,000 range after rebounding from about $66,000, supported by renewed spot demand and a return of institutional inflows. Onchain and derivatives data point to easing sell pressure, cautious leverage and late-cycle accumulation, while bitcoin starts to diverge from equities and outperform gold. The moves come as markets brace for a dense run of rate and policy decisions from the Federal Reserve, Bank of Japan, European Central Bank and Bank of England.