Cardano (CRYPTO: ADA) founder Charles Hoskinson announced he is “taking a break” on Thursday after warning of a coming “wave of failures” in the ecosystem, sending ADA down 6%.

Hoskinson Frustrated With Community Treasury Resistance

Hoskinson’s comments came in response to TapTools, a Cardano analytics platform that shut down after four years building on the network. 

He said he had warned earlier this year that deteriorating market conditions would force projects to close.

“I said at the beginning of the year, we’re going to see a lot of people collapse because the markets are really bad,” Hoskinson said in a video posted this week. “There’s going to be a wave of…

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Bitcoin’s (CRYPTO: BTC) has imploded 15% over the past week, plunging below $62,000 in early morning hours Thursday.

Yet, macro investor Raoul Pal says this is not the start of a bear market but rather another painful correction within a broader bull cycle.

“Nasty Correction In A Bull Market”

Speaking on the “When Shift Happens” podcast the previous week, Pal argued that Bitcoin has historically experienced multiple 50% drawdowns during bull markets and that the current weakness is following a familiar pattern.

“It’s a nasty correction in a bull market,” Pal said.

Unlike previous cycles, Pal acknowledged the current correction has been prolonged and choppy rather than a sharp crash followed…

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New crypto trading products are exploding across U.S. markets, but analysts say the surge is also exposing a growing identity crisis for digital assets.

Perpetual Bitcoin Futures

Prediction market platform Kalshi launched regulated perpetual Bitcoin (CRYPTO: BTC) futures last week after receiving approval from the Commodity Futures Trading Commission.                 

Perpetual futures, or “perps,” are futures contracts with no expiration date, allowing traders to maintain leveraged long or short exposure indefinitely.

Kalshi CEO Tarek Mansour called perpetuals “the purest form of trading,” saying traders only need a directional view on Bitcoin and can hold positions if they…

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Editor’s note: The story has been updated to correct the amount being raised.

CEO Sees Strategy’s Win In Google’s Raise

In an X post, Le pointed out that Google’s proposed $80 billion equity capital raise, now upsized to $84.75 billion, includes  $15 billion convertible preferred stock and a $40 billion at-the-market offering, instruments that Strategy has used before.

The fundraising initiative, by far the largest and most notable capital raise in Alphabet’s public history, is explicitly designed to expand its AI infrastructure and global compute capabilities.

“Financing tools popularized by MSTR to acquire Bitcoin are now being used by a Mag 7 company to build AI,” Le…

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Economist Peter Schiff took a dig on Wednesday at “unqualified” cryptocurrency advisors who mistake Bitcoin’s (CRYPTO: BTC) early gains as validation of a smart long-term investment.

Schiff Scoffs At ‘Young’ Crypto Commentators

In an X post, Schiff observed that many “young” and “unqualified” individuals in the cryptocurrency industry have begun offering financial advice.

“They think they are smart just because they bought into Bitcoin early and made some money,” the Bitcoin critic said.

To make his point, Schiff referred to one of the most famous pieces of wisdom in investing, “Don’t confuse brains with a bull market,” meaning that investors often mistake a…

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‘Careful Who You Listen To’

Pompliano expressed frustration on X about how some bears start “screeching” every four years that Bitcoin is going to zero.

“They are wrong every time. Careful who you listen to,” Pompliano advised investors.

Bitcoin’s ‘Obituaries’

In fact, Schiff tops the list, having declared Bitcoin “dead” as many as 22 times.

The latest obituary came on April 9, when Steve Keen—the Australian economist who accurately predicted the 2008 meltdown—predicted Bitcoin to go to zero.

Chart analysis indicates that obituary counts tend to spike during bear markets, with notably higher numbers in 2022 and during the current market cycle, showing acceleration…

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North Korea’s state-backed hackers have an “aggressive, relentless” knack for finding and exploiting vulnerabilities, making them more dangerous than other groups, a former FBI agent told Benzinga.

Social Engineering Hacks?

North Korean hackers pose an existential threat to cryptocurrency ecosystems, having stolen over $2 billion worth of assets in 2025 alone. Things have worsened in 2026, with April recording the highest number of cryptocurrency hacking incidents on record.

The U.S. government claims that the illegal proceeds from the thefts are used to fund North Korea’s weapons and missile program.

Stephanie Talamantez, who spent more than 20 years with the FBI and now serves as…

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