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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
05/01/2026 05:07 PM RLUSD Supply Drops After Ripple Executes $120M End-Month Burn
TLDR Ripple burned about $120 million worth of RLUSD on April 30 through two separate transactions. The burn ranks as the second-largest intraday RLUSD reduction recorded on the XRP Ledger. The transactions reduced RLUSD supply on the XRP Ledger to about $253 million. Ethereum now holds about 82.5% of the total RLUSD supply after the [...]
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05/01/2026 05:00 PM Bitcoin ETFs Pull $2B in April, Marking Highest Inflows of 2026
TLDR Bitcoin ETFs recorded $1.97 billion in inflows during April, marking the highest monthly total in 2026. Bitcoin price rose about 12% in April, supporting increased demand for exchange-traded funds. Total net inflows for Bitcoin ETFs reached $1.47 billion in 2026 after offsetting earlier outflows. BlackRock’s iShares Bitcoin Trust ETF led inflows with nearly $2 [...]
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05/01/2026 04:37 PM Ripple Moves 1B XRP from Escrow in $1.37B Monthly Token Release
TLDR Ripple unlocked 1 billion XRP from escrow on May 1, 2026, through four separate transactions. The total value of the unlocked XRP reached about $1.37 billion based on on-chain data. The largest transaction released 400 million XRP valued at roughly $547 million. Ripple still holds around 33.35 billion XRP in escrow, worth about $45.69 [...]
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05/01/2026 04:33 PM Curve Finance Launches Recovery Path for Affected CRV-Long LlamaLend Market Lenders
TLDR: Curve Finance built a crvUSD and cvcrvUSD pool to give affected lenders voluntary exit or hold options. Full recovery is modelled at $1.242 CRV, while partial recovery begins around the $0.957 CRV price level. A gauge addition could allow veCRV voters to direct CRV emissions, deepening liquidity for the recovery pool. LlamaLend V2 is [...]
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05/01/2026 04:30 PM Micron (MU) Stock Surges 5% After Big Tech Cites Soaring Memory Prices
Micron (MU) jumped 5% to 52-week highs after Meta, Microsoft, and Amazon cited surging memory costs, with analysts setting targets up to $1,000.
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05/01/2026 04:29 PM Cardano Founder Questions Ripple CEO’s CLARITY Act Motives
TLDR Charles Hoskinson criticized Brad Garlinghouse over his support for the CLARITY Act. He said some industry leaders may support the bill for strategic advantage rather than industry growth. Hoskinson warned that the CLARITY Act could classify ETH XRP and ADA as securities if launched today. He stated that past legal ambiguity helped crypto projects [...]
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05/01/2026 04:23 PM Tesla (TSLA) Stock Climbs Friday Amid Investor Concerns Over $25B Capex Plan
Tesla (TSLA) stock gains 1.2% Friday despite 15% YTD decline. Soaring capex, slow AI rollout, and robotaxi delays worry investors amid Europe rebound.
The post Tesla (TSLA) Stock Climbs Friday Amid Investor Concerns Over $25B Capex Plan appeared first on Blockonomi.
05/01/2026 04:17 PM Tempus AI (TEM) Stock Gains Recognition on TIME’s 2026 Health Influencer List
Tempus AI (TEM) stock gains after being named to TIME's influential health companies list, with Q1 earnings expected May 5 and new oncology partnerships.
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05/01/2026 04:16 PM Western Digital (WDC) Stock Soars to Record Peak Following Stellar Q3 Performance
Western Digital (WDC) stock reached an all-time high after reporting Q3 revenue of $3.34B and issuing strong Q4 guidance that exceeded expectations.
The post Western Digital (WDC) Stock Soars to Record Peak Following Stellar Q3 Performance appeared first on Blockonomi.
05/01/2026 04:15 PM NIO (NIO) Stock Tumbles Nearly 5% Following Weaker-Than-Expected April Delivery Numbers
NIO stock declined 4.6% after reporting 29,356 April deliveries, down from March's 35,486, highlighting growing saturation in China's EV market.
The post NIO (NIO) Stock Tumbles Nearly 5% Following Weaker-Than-Expected April Delivery Numbers appeared first on Blockonomi.
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