World Liberty Financial (CRYPTO: WLFI) has drawn new ire from Democratic lawmakers as the token plunged over 15% after a controversial governance vote.

The Southeast Asian Syndicate Connection

The Wall Street Journal recently linked WLFI to a Southeast Asian criminal syndicate. Last year, WLFI partnered with crypto firm AB, which was overseeing a blockchain-themed resort in East Timor led by two sanctioned men.

The resort’s controlling shareholder Yang Jian and General Manager Yang Yanming were sanctioned by the U.S. last October as part of a crackdown on the billion-dollar overseas crypto scam industry and the Prince Group conglomerate.

WLFI told The Wall Street Journal that it never held…

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Bitwise Asset Management CEO Hunter Horsley says the crypto industry is entering a new phase in 2026, driven by rapid institutional adoption and improving regulatory clarity.

Banks Accelerate Crypto Initiatives

In an Apr. 30 interview, Horsley said banks, corporations and financial institutions are moving aggressively into digital assets, with some firms pushing teams to go “from zero to 500 miles an hour” on crypto strategies.

He attributed this acceleration to a combination of clearer regulations, more mature infrastructure and rising demand for assets such as Bitcoin (CRYPTO: BTC) and stablecoins.

Horsley also pushed back on concerns that Bitcoin is “too expensive,” arguing that the more…

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Antonelli: Crypto Became Irrelevant Fast

Antonelli wrote on X that it was “remarkable” how quickly crypto had become “irrelevant,” questioning whether the technology had delivered any meaningful real-world adoption beyond functioning as a payment system.

“No one built a single thing on it that gained widespread adoption,” Antonelli posted.

“Remember when it was going to replace the dollar? Laughable,” he added.

The post drew sharp backlash from Bitcoin supporters. Crypto investor Wendy O responded that traditional financial industry giants are excited about crypto and Bitcoin ETFs, patiently waiting on market structure before expanding further. 

Another user noted crypto’s…

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ARK Bought The Dip At $71

The firm also sold 243,147 shares of the ARK 21Shares Bitcoin ETF from ARKW and ARKF.

HOOD is now the sixth-largest holding in ARKK with a 4.3% weighting worth $275.3 million, fourth in ARKW at 4.6% worth $75.6 million, and sixth in ARKF at 4.4% worth $36.1 million.

For perspective, Tesla, Advanced Micro Devices, and Shopify represent the top assets in those funds with weightings of 9.7%, 9%, and 9.4%.

ARK typically adjusts holdings so no single stock exceeds 10% of a fund’s portfolio, actively rebalancing when asset values fluctuate significantly.

Why Wood Is Buying While Others Sell

Robinhood crashed after reporting Q1 crypto revenue plunged 47% to $134 million…

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Bitcoin Against Media Blackout

At the Bitcoin 2026 conference in Las Vegas, Dorsey and Eugene Jarecki, the director of “The Six Billion Dollar Man,” announced a private pay-per-view “just to people in the Bitcoin community.”

The documentary had its world premiere at the 2025 Cannes Film Festival, where it won the “Golden Eye” award and later won a Golden Globe.

However, Jarecki said that the film faced a “media blackout” soon after, adding, “No streamer will touch the film and no mainstream media outlet will go near it.”

Why Dorsey Wants Bitcoiners To Watch It

Jarecki then got in touch with Dorsey, a vocal proponent of Bitcoin and decentralized technologies, who…

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Merger Of Bitcoin-Native Entities

Tether said in a press release that it plans to vote in favor of a proposed merger between Twenty One Capital and Bitcoin payments firm Strike, followed by a merger of the combined entities with Elektron Energy, a large-scale Bitcoin mining platform.

“If consummated, the transactions would allow the combined entity to leverage a strong balance sheet, a large-scale profitable operating business, and a financial services division built to spearhead Bitcoin adoption,” Tether said.

Twenty One Capital’s Shares Rise

Twenty One Capital debuted on the New York Stock Exchange in December as a Bitcoin-native company founded by Jack Mallers, who also serves…

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Sen. Elizabeth Warren (D-Mass.) raised concerns on Wednesday about the reported links between the Trump family’s cryptocurrency company, World Liberty Financial, and a venture allegedly linked to sanctioned individuals.

WLFI’s Links With AB Chain Under Scanner

In an X post, Warren pointed to a Wall Street Journal report highlighting World Liberty Financial’s USD1 stablecoin deployment on a little-known blockchain network called AB Chain back in November 2025.

The report subsequently highlighted how AB promoted a planned “blockchain theme resort in Timor-Leste, a Southeast Asian nation, to advance blockchain technology and philanthropic initiatives.

However, a subsequent…

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The data reported results for the period ended Dec. 31.

Revenue Growth And Margin Expansion

Abits Group’s revenue climbed 37% to $9.13 million in fiscal year 2025, up from $6.71 million in fiscal year 2024.

The company’s gross profit came in at $3.68 million, reflecting a gross margin of about 40%. Total assets were reported at $10.91 million, while shareholders’ equity stood at $7.78 million.

CEO Conglin (Forrest) Deng called 2025 “a milestone year,” citing the successful Memphis facility launch and a near doubling of hash rate capacity, despite the April 2024 halving cutting bitcoin mining rewards.

Bitcoin Treasury

According to the company’s Wednesday announcement made after markets…

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Leading cryptocurrencies stagnated, while stocks fell on Wednesday due to the Federal Reserve’s interest rate decision and uncertainty surrounding U.S.-Iran peace talks.

Crypto Liquidations Surge

Bitcoin remained volatile, dropping from an intraday high of $77,884 in the early hours to below $75,000 by afternoon. Trading volume spiked nearly 30% over the last 24 hours.

Ethereum hovered between $2,200 and $2,300 amid strong trading volume, while Dogecoin jumped over 7%.

Over $550 million was liquidated in the past 24 hours, with $345 million in long positions erased, according to Coinglass data.

Open interest in Bitcoin futures fell 0.88% over the last 24 hours, and more than 12% over a…

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