Author: Isabella Taylor

Eric Trump mocked JPMorgan at Consensus Miami 2026 for reversing its bitcoin stance within 18 months, saying banks have accepted they can no longer hold back the tide. Summary Eric Trump told Consensus Miami that JPMorgan dismissed bitcoin as a “joke asset” 18 months ago and is now allowing clients to take out mortgages against it. Trump said traditional financial institutions have “lost” the fight against crypto and are now joining the current rather than fighting it. JPMorgan CEO Jamie Dimon was a longtime critic of bitcoin before his bank built out its Kinexys blockchain platform and sponsored Consensus Miami…

Robinhood said at Consensus Miami 2026 that Wall Street is now actively building on crypto rails, though institutional adoption is moving slower and more fragmented than the industry expected. Summary Executives from Robinhood-owned Bitstamp, Ondo Finance, and Babylon Labs told Consensus Miami 2026 that banks are actively integrating blockchain infrastructure and tokenized products. Robinhood VP Nicola White said the conversation with banks has shifted from asking what blockchain is to asking how to build on it. Panelists said institutional adoption will develop along two parallel tracks: regulated US finance and offshore permissionless crypto markets. Executives from Robinhood-owned Bitstamp, Ondo Finance,…

Erik Reppel said at Consensus Miami 2026 that AI agents bypass internet ads entirely, threatening the web’s core business model and pointing to x402 stablecoin micropayments as the structural replacement. Summary Coinbase Developer Platform head Erik Reppel told Consensus Miami that autonomous AI agents do not interact with online advertising, breaking the internet’s foundational revenue model. Reppel cited estimates projecting the agentic economy could reach between $3 trillion and $5 trillion by 2030, arguing this shift will displace ad-funded content at scale. He argued that x402, a Coinbase-backed protocol for stablecoin micropayments, could replace advertising as the primary way web…

Box Elder County commissioners approved Kevin O’Leary’s 9GW Stratos AI campus in Utah on May 4, amid loud public protests from hundreds of local residents. Summary Kevin O’Leary’s Stratos project, a 40,000-acre AI campus in Utah, received county approval on May 4 despite strong community opposition over water, energy, and environmental concerns. The campus will generate up to 9 gigawatts at full buildout, more than twice Utah’s current total electricity consumption, powered by an on-site natural gas pipeline. O’Leary framed the project as a direct response to China building 400 gigawatts of AI-capable power over the past two years, calling…

Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money. Summary Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting. A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast. Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters…

NYSE parent ICE and Securitize warned at Consensus Miami 2026 that offshore synthetic tokenized stocks are misleading retail investors and creating serious risks for the broader market. Summary Executives from ICE, OKX, and Securitize said at Consensus Miami that synthetic tokenized stocks often do not represent underlying equity and use company names without issuer approval. Securitize CEO Carlos Domingo said some stocks have five different tokenized versions on the market, none of which represent actual equity. NYSE, owned by ICE, is building a regulated tokenized equity platform starting with pre-funded tokens trading against stablecoins. NYSE executives and partners raised the…

Senator Kirsten Gillibrand took the Consensus Miami 2026 mainstage on Day 2 and expressed optimism about the CLARITY Act’s prospects in Congress, appearing alongside Kevin O’Leary and Coinbase’s Paul Grewal. Summary Senator Kirsten Gillibrand appeared on the Consensus Miami 2026 mainstage on May 6 and said she is optimistic about the path forward for the CLARITY Act. Gillibrand also discussed AI regulation and her outlook for Democrats in the 2026 midterms during her live Consensus appearance. Charles Hoskinson, Eric Trump, and Michael Saylor were also scheduled to appear at Consensus Miami on Day 2. Senator Kirsten Gillibrand took the mainstage…

Summary The US and Iran are close to agreeing a one-page memorandum of understanding to end the current war and set up detailed nuclear talks, according to Axios. The 14-clause draft would pause Iran’s uranium enrichment, ease sanctions, unlock billions in frozen funds, and gradually reopen the Strait of Hormuz to shipping. De-escalation around Iran has repeatedly moved Bitcoin, gold, and oil this year, with prior ceasefire headlines helping push BTC back toward the $78,000–$79,000 range. The White House believes it is “getting close to an agreement with Iran on a one-page memorandum of understanding to end the war and…

Benchmark has cut its 12‑month price target on Bitcoin treasury company Strategy from $705 to $570, keeping a Buy rating but marking its model to a cooler Bitcoin path after a brutal drawdown in both BTC and Strategy’s stock. Summary Benchmark has lowered its 12‑month price target on Bitcoin treasury company Strategy from $705 to $570, according to a new client note cited in market reports. The investment bank is maintaining its Buy rating, but is trimming upside assumptions after a sharp drawdown in both Strategy’s share price and Bitcoin. The move follows months of volatility in Strategy stock, which…

BitMEX co-founder Arthur Hayes says his target for Zcash is 10% of Bitcoin’s price, arguing ZEC’s latest rally is early innings despite mounting pressure on privacy coins. Summary BitMEX co-founder Arthur Hayes said his upside target for Zcash (ZEC) is 10% of Bitcoin’s price. Hayes argued on X that ZEC’s current rally “still has a lot of room for growth.” The call comes as privacy coins remain under regulatory pressure but periodically see sharp speculative moves. BitMEX co-founder Arthur Hayes has set an aggressive upside target for privacy coin Zcash, telling followers on X that his “target price for ZEC…