TaoWeave (NASDAQ:TWAV) shares are trading lower in after-hours trading Monday.

TWAV shares fell 14.6% to $1.35 in after-hours trading after the company reported first-quarter 2026 financial results and detailed its Bittensor-focused digital asset treasury strategy.

The company focuses on the Bittensor ecosystem and holds Bittensor (CRYPTO: TAO) tokens as its primary treasury asset.

TAO Holdings Boost Earnings

TaoWeave reported first-quarter net income of $1.7 million, compared with a net loss of $672,000 in the prior-year quarter. The company said results were driven primarily by a $2.2 million unrealized gain tied to appreciation in its TAO holdings.

Revenue increased 14% year-over-year to…

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Billionaire investor and television celebrity Mark Cuban expressed support for regulation in emerging sectors on Monday, recalling the criticism he received for calling for rules for the cryptocurrency industry earlier.

Critics Oppose Cuban’s Plan

In an X post, Cuban proposed a federal tax on AI-related tokens to incentivize tokenization, while also creating a source of funding to pay down the federal debt.

Critics objected to the proposal, arguing that the government won’t use additional revenue to pay down the debt, and the “downstream consequences” could get “far worse.”

Cuban Favors Government’s Oversight Of Crypto

In response, Cuban pointed to the cryptocurrency example.

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Bakkt Inc. (NYSE:BKKT) shares jumped 16.17% to $10.13 after the bell on Monday, after Securities and Exchange Commission filings disclosed insider activity.

Insider Activity

Director Michael Alfred, through the Las Vegas-based hedge fund Alpine Fox LP, bought 365,000 shares on May 15 at a weighted average price of $8.34 per share. He then purchased another 220,000 shares on May 18 at $8.20 per share.

The two transactions totaled about 585,000 shares valued at approximately $4.85 million. Following the purchases, Alfred indirectly owns 625,000 shares.

According to a separate SEC filing, CEO Akshay Sudhir Naheta exercised 33,557 committed stock options on May 15 at $10 per share, for a total…

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Tron, Binance Used As Conduits?

Since the Iran war started in late February, cryptocurrency worth at least $22.6 million has moved through Nobitex on BNB Chain, and at least $550,000 has moved via Tron, Reuters reported.

Further analysis indicated that, from January 2023 onward, Nobitex—widely used by sanctioned Iranian institutions as well as ordinary citizens—processed in excess of $2 billion on the Tron network and approximately $317 million on the BNB Chain.

The report explicitly stated that it does not suggest the Trump family was aware of Nobitex’s use of Tron and BNB Chain.

A World Liberty Financial spokesperson told Benzinga that the company has nothing to do with Nobitex or any…

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Leading cryptocurrencies stagnated, while stocks closed lower on Monday after President Donald Trump hinted at a “large-scale” assault on Iran.

Crypto Goes Into ‘Extreme Fear’

Bitcoin witnessed volatile trading between $76,000 and $77,000, with volumes soaring 76% over the past 24 hours.  Ethereum also experienced rapid swings between $2,078 and $2,155, while Dogecoin fell nearly 2%.

Over $300 million was liquidated in the past 24 hours, with long position traders again taking the majority of the losses, according to Coinglass data.

Bitcoin’s open interest rose 1.07% over the last 24 hours. A rise in open interest while prices trade sideways typically indicates a potential price…

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Bitcoin dropped into the $76,000 region as spot ETF outflows and weakening sentiment pushed crypto sentiment deeper into fear territory.

Notable Statistics:

Coinglass data shows 124,022 traders were liquidated in the past 24 hours for $816.06 million.       

SoSoValue data shows net outflows of $290.4 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $65.7 million.

In the past 24 hours, top losers include Bitcoin Cash, Flare and Aerodrome Finance.

Notable Developments:

Trader Notes:

Bitcoin technical analyst CryptoCon said Bitcoin’s bear flag formation has now stretched to 100 days, matching the longest-running bear flag structure since November…

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Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) secured a major regulatory win on Monday as the New York State Department of Financial Services granted the firm a BitLicense and Money Transmission License.

Why The License Matters

The license will expand Galaxy’s ability to serve institutional crypto clients in one of the industry’s most tightly regulated markets.

The approval allows GalaxyOne Prime NY to offer regulated digital asset trading and custody services to institutions across New York, including registered investment advisors, hedge funds and family offices.

“New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge…

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