HIVE News & Events

Bitcoin advances on geopolitical relief, United States trading platforms aggressively pursue perpetual futures, and corporate treasuries continue accumulating digital assets. De-escalating tensions are propelling the broader crypto sector higher today, pulling mining and exchange equities up with it. Simultaneously, infrastructure providers are raising capital to accelerate data center developments. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.GEOPOLITICAL TAILWINDS LIFT EQUITIES:Easing tensions in the Middle East gave bitcoina lift on Wednesday after President Trump extended the U.S.-Iran ceasefire., traders interpreted the geopolitical move as a risk-on catalyst, with the relief bid flowing directly into crypto-adjacent equities including Strategy, Coinbase, and MARA Holdings. The rally arrives against a tense on-chain backdrop asshows that a drop below $73,721 would trigger $1.676B in cumulative long liquidations on major centralized exchanges, while a push through $80,768 would squeeze $883M in short positions, an asymmetric liquidation map that underscores just how technically significant the current price zone is for leveraged market participants.EXCHANGES PREPARE FOR PERPETUAL CONTRACTS: U.S.:crypto exchanges are accelerating their derivatives buildout ahead of an anticipated regulatory shift.that Coinbase has self-certified long-dated perpetual-style futures contracts with the CFTC, and Robinhoodhas signaled intent to follow, as both platforms race to capture high-leverage derivatives volume before a formal rule change domestically permits perpetual futures. The ability to offer perpetual futures, the dominant instrument in global crypto trading, represents a material expansion of the addressable revenue pool for both publicly traded exchanges, and a potential catalyst for fee income growth at each platform.INFRASTRUCTURE AND CAPITAL ALLOCATION:HIVE Digital Technologiesdisclosed the closing of $115M in aggregate principal of 0% Exchangeable Senior Notes due 2031, issued through its subsidiary HIVE Bermuda 2026., the notes carry an initial exchange price of approximately $2.57 per share, a 17.5% premium, with a cap price of roughly $4.92, and HIVE separately transacted $19.8M in capped call agreements to manage dilution risk. Proceeds are earmarked for graphics processing unit purchases and data center development, cementing HIVE's pivot toward artificial intelligence and high-performance computing infrastructure as the company moves capital away from pure bitcoin mining economics.Keel Infrastructure, the company formerly known as Bitfarms, has completed the sale of its 70-megawatt Paraguay bitcoin mining site for approximately $13M,. The divestiture finalizes Keel's exit from Latin American operations and frees capital for redeployment into its North American high-performance computing and artificial intelligence infrastructure pipeline. The strategic pivot mirrors a broader sector-wide trend of former pure-play bitcoin miners repositioning toward data center and cloud compute revenue models with higher and more stable margins.DIGITAL ASSET TREASURY DISCLOSURES:DDC Enterpriseissued aclarifying that core sales and marketing expenses fell 54% and general and administrative costs dropped 44.4% in FY25, while the company's treasury stands at 2,383 BTC, approximately $182M at current prices, alongside the launch of an artificial intelligence-driven Bitcoin Treasury Intelligence Platform. Separately, DeFi Developmentredesigned itsto consolidate modified NAV and SOL per share disclosures into a single standardized format, as the solanatreasury company works to improve shareholder transparency for a model that remains relatively new to equity markets.INSTITUTIONAL CUSTODY AND FUND FLOWS:shows total net inflows into U.S. ether spot exchange-traded funds reached $43.36M on April 21, extending a nine-consecutive-day inflow streak. BlackRock'sETHA led the session with $37M in single-day inflows, bringing ETHA's historical cumulative net inflow to $11.943B. The sustained inflow streak signals that institutional allocators are adding ether exposure even as the broader crypto market navigates geopolitical uncertainty and leveraged liquidation risk, a bifurcation that could support ether price outperformance relative to bitcoin if the streak extends into the week's final sessions.PRICE ACTION:As of time of writing, bitcoinwas trading at $79,004.25, while etherwas trading at $2,399.39,.

Tuesday's crypto-equity tape is driven by regulatory wins and institutional product launches, all unfolding as bitcoinholds gains near $69,000 following Monday's ceasefire-driven short squeeze that forced $273M–$325M in futures liquidations in a single session. Traditional finance is accelerating its digital asset ambitions across the board: a federal trust charter, a major brokerage's spot trading debut, and a futures exchange adding two new altcoin products all hit on the same morning. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.COINBASE WINS CONDITIONAL FEDERAL TRUST CHARTER AS SCHWAB AND SOFI PREPARE CRYPTO LAUNCHES:Coinbasereceived conditional approval from the Office of the Comptroller of the Currency to establish a national trust charter, a development H.C. Wainwright analyst Mike Colonnese described as a bullish structural catalyst that upgrades the exchange's institutional custody credibility from a state-level patchwork to a single federal framework. The conditional approval positions Coinbase as a federally regulated custodian, a designation that could open doors to pension funds, endowments, and sovereign wealth managers currently restricted to federally chartered counterparties. H.C. Wainwright reiterated its Buy rating and $350 price target on Coinbase in its weekly roundup.Charles Schwabin the first half of 2026 through a new dedicated "Schwab Crypto" account.The move brings one of the largest U.S. retail brokerages directly into spot crypto markets, representing a significant new distribution channel for bitcoin and ether liquidity that bypasses dedicated crypto exchanges. SoFi Technologies, an enterprise platform built to unify fiat deposits, payments, and digital assets under its nationally chartered bank structure, an integration play that positions the fintech as a single-rail solution for companies managing both traditional and digital treasury operations.CME GROUP EXPANDS REGULATED CRYPTO DERIVATIVES WITH AVALANCHE AND SUI FUTURES:CME Groupto launch cash-settled avalancheand suifutures on May 4, pending regulatory review, in both standard and micro contract sizes. The exchange noted its regulated crypto suite already covers more than 75% of total crypto market capitalization. CME separately confirmed that 24/7 crypto futures trading will begin May 29, a structural change that aligns crypto derivatives settlement hours with the underlying spot markets and removes the weekend gap risk that has historically created Monday-open price dislocations for equities with crypto treasury exposure.BLACKROCK ROUTES $82M IN BITCOIN TO COINBASE PRIME AS SHORT SQUEEZE CLEARS BEARS:According to on-chain data tracked by Arkham Intelligence and reported by Coinness, BlackRockdeposited 1,178 BTC, approximately $82.25M, into Coinbase Prime on April 6, consistent with routine custody and rebalancing operations for its bitcoin exchange-traded fund. The deposit is part of a documented pattern, BlackRock routed $121M on April 2, $206.5M on March 29, and $260M on March 4 through the same channel, providing a steady, recurring institutional revenue signal for Coinbase's prime brokerage segment. Monday's session also cleared a significant derivatives overhang:that $273.8M in total futures liquidations swept through markets across 81,819 traders, with shorts accounting for $196.7M of that total at a roughly 3:1 ratio versus longs, and the single largest liquidation being a $10.17M ether short on Binance. A dormant bitcoin wallet that had accumulated 513 BTC at an average of $97,542 between January and March 2025, adding incremental sell-side supply even as spot prices held near $69,000.DEFI TECHNOLOGIES POSTS RECORD RESULTS; PAYSAFE LAUNCHES CRYPTO GAMING PAYMENTS:DeFi Technologies, reporting record revenue of $99.1M, a 215% increase year-over-year, and record net income of $62.7M, reversing a $27.6M net loss in 2024. Total cash, treasury holdings, and venture portfolio stood at $178.7M. Paysafe(PSFE)launched "Pay with Crypto," a MoonPay-powered product that enables U.S. iGaming and daily fantasy sports players to deposit using stablecoins or major cryptocurrencies with instant conversion to U.S. dollars,. The integration opens a new recurring revenue stream for Paysafe in one of the fastest-growing segments of regulated online gaming, with crypto deposits offering a friction-free alternative for players blocked by traditional card networks at gambling merchants.TREASURY DISCLOSURES SHOW DIVERSE DIGITAL ASSET ACCUMULATION ACROSS SMALL-CAPS:Bit Digital, valued around $327M as of March 31, with roughly 89% of that supply actively staked and generating approximately 291.3 ETH per month in rewards at a 2.9% annualized yield. The company also holds approximately 27M WhiteFibershares valued at roughly $322M, making the combined crypto and equity portfolio one of the more diversified among listed digital asset companies. Hyperscale Datadisclosedthat its combined bitcoin treasury, valued near $44.1M, comprising 639.2 BTC, plus cash and restricted cash of $57.9M totals approximately $102M, representing 189.92% of its current market capitalization as of the week ended April 5, a deep discount to net asset value that equity value investors may find notable. Eightco Holdingsdisclosed a treasury of approximately 277M worldcointokens, 11,068 ether, an indirect $90M OpenAI stake, and $109M in cash and stablecoins, approximately $326M in total,.PRICE ACTION:As of time of writing, bitcoin was trading at$68,117.46, while ether was trading at$2,079.46,according to price data from TipRanks.