Author: James Wilson

President Donald Trump submitted a $1.5 trillion defense spending request for fiscal year 2027 on Friday — the largest military budget proposal in U.S. history, a roughly 40% increase over current funding levels, arriving in the fifth week of the U.S.-led war against Iran. Summary Trump’s FY2027 budget seeks $1.5 trillion in defense spending, the proposed largest year-over-year increase in the post-WWII era, according to nonpartisan fiscal analysts The plan pairs the defense surge with $73 billion in domestic cuts targeting health research, education, renewable energy, and community development programs Non-defense discretionary spending would be cut by 10%; the proposal…

HypurrFi has warned users not to interact with its website or lending app after reporting a possible domain hijacking.  Summary HypurrFi warned users to avoid its app after reporting a possible domain compromise Friday. The team said user funds remain safe while it investigates the suspected hijacking incident. Frontend attacks remain a crypto risk because compromised domains can trick users into signing transactions. The incident has raised fresh concern over frontend attacks in decentralized finance, even when onchain systems remain intact. HypurrFi said it is investigating a possible compromise involving its domain. The team asked users to avoid the website…

Bitcoin (BTC) traded near $67,000 over the weekend after a week of sharp swings. The broader crypto market also stayed steady, while Pi Network’s PI token held above $0.17 after days of losses. Summary Bitcoin traded around $67,000 as weekend volatility faded and the broader crypto market stayed subdued. Pi Network’s PI token stabilized above $0.17 after recent losses, ending its sharp downward trend. VeChain climbed 9% daily while HASH dropped 10%, marking the strongest altcoin moves reported today. Bitcoin showed limited movement over the past 24 hours and remained close to the $67,000 level. Its price action followed a…

Naoris Protocol has gone live with its quantum-resistant blockchain mainnet, becoming the first Layer 1 network built entirely on post-quantum cryptography approved by the U.S. National Institute of Standards and Technology — a milestone arriving as researchers shorten timelines for a threat that could compromise Bitcoin and Ethereum. Summary Naoris Protocol launched its quantum-resistant mainnet on April 1, 2026, using NIST-approved post-quantum cryptography standards finalized in August 2024 The testnet phase processed over 106 million post-quantum transactions and mitigated more than 603 million security threats, with over one million security nodes activated globally The NAORIS token carries a market cap…

Kalshi added Democratic strategist Stephanie Cutter as a policy adviser as the prediction market company faces legal and political pressure in the United States.  Summary Kalshi hired Stephanie Cutter as policy adviser while facing lawsuits and political scrutiny in Washington. Kalshi is building bipartisan ties as prediction markets face legal challenges from states and lawmakers. Federal and state officials continue fighting over who should regulate event contracts and prediction markets. The move places another well-known political figure around the company at a time when regulators, lawmakers, and state officials continue to examine prediction markets and event contracts. Kalshi said Cutter…

Elon Musk is requiring banks, law firms, and auditors competing for roles on SpaceX’s upcoming IPO to purchase subscriptions to Grok, his artificial intelligence chatbot — a mandate the New York Times reported Friday that some Wall Street firms have already agreed to, spending tens of millions of dollars annually. Summary Musk has made Grok subscription purchases a condition of participation in SpaceX’s record-breaking IPO, according to the New York Times citing four people with knowledge of the arrangements Some banks have agreed to spend tens of millions of dollars per year on Grok and have begun integrating it into…

Blockchain investigator ZachXBT has publicly accused Circle of failing to freeze stolen USDC as it moved through the company’s own cross-chain infrastructure during the $285 million Drift Protocol exploit on April 1, 2026 — raising pointed questions about when and why the stablecoin issuer chooses to exercise its freeze authority. Summary The Drift Protocol hack on April 1 is the largest DeFi exploit of 2026, draining over $285 million from the Solana-based perpetual futures exchange The attacker bridged approximately $232 million in USDC from Solana to Ethereum via Circle’s CCTP across more than 100 transactions over six consecutive hours with…

Tether is again in focus after a report said it may delay a planned fundraising round if investors do not support a $500 billion valuation.  Summary Tether is seeking investor commitments for a fundraising round at a reported $500 billion valuation. The company may delay the raise if investor demand does not meet expectations, reports said. Reports also said Tether hired KPMG for its first full audit of USDt financial statements. The reported timeline and target have added fresh attention to the stablecoin issuer’s growth plans, valuation goals, and audit efforts. A Friday report said Tether is pushing investors to…

Charles Schwab has confirmed it remains on track to launch direct spot trading for Bitcoin and Ether in the first half of 2026, opening one of the largest pools of investor capital in the world to direct crypto access for the first time. Summary Schwab confirmed a spot Bitcoin and Ether trading launch in H1 2026 through its Charles Schwab Premier Bank unit The firm manages nearly $12.2 trillion in client assets across approximately 46 million brokerage accounts and has opened a waitlist for early access CEO Rick Wurster first signaled the move in mid-2025 and confirmed a phased Q2…

Cambodia has moved closer to tougher action against scam centers linked to crypto fraud and other online crimes.  Summary Cambodia’s Senate approved a draft bill targeting scam compounds tied to crypto and online fraud. The bill sets prison terms, fines, and tougher penalties for gangs or multiple victims involved. The measure now awaits royal approval as Cambodia faces pressure over regional scam centers globally. The country’s Senate approved a draft law that would impose prison terms and fines on people involved, marking a new step in its response to scam compounds. Cambodia’s Senate said it unanimously approved the draft law…