Crypto's trust problem is getting harder to ignore.

DeFi projects preach decentralization while cutting backroom deals with private investors.

Meanwhile, Tether just quietly posted a billion-dollar quarter like it's routine.

Big Tech earnings are dragging risk assets higher, Bitcoin included.

The theme this week: follow the money, then ask who's actually in control.

World Liberty Financial hits record low after secret token sale

The Trump-linked DeFi project already raised over $550M in two public rounds.

Then it quietly sold another 5.9 billion WLFI tokens to private accredited investors.

Governance red flags in a politically connected project make the whole DeFi space look worse.

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Markets

Big Tech earnings fuel a broad risk rally, and crypto caught the wave

Apple, Alphabet, Microsoft, Meta, and Amazon all posted double-digit revenue growth this week.

That lifted stocks to new highs and pulled crypto along for the ride.

Bitcoin dominance hit 60% for the first time in 2026, signaling altcoins are still losing ground.

BTC climbed above $78K, ETH pushed past $2,300, SOL held near $84, and XRP touched $1.40.

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Tether clears $1B in Q1 profit as reserves swell to $8.2B

Tether now sits on $192B in total assets, roughly the GDP of New Zealand.

Its reserve buffer hit a record $8.2B, verified by auditor BDO.

The stablecoin giant is becoming too big for regulators to keep ignoring.

Read the full breakdown →

On Our Radar

Blueface’s net worth: Blueface is sitting on somewhere between $4-8 million, mostly from music.*

Profits don't follow price tags: Big Oil's earnings fell even as oil prices soared.

Crypto gets respectable: Japanese banking giant SBI eyes majority stake in Bitbank exchange.

_*sponsored

ICYMI

Meme of the Day

That’s a wrap.

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