Are You In The Room or Reading the Recap?

 🚨 Nearing capacity: Early bird rates end May 1 ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  

Prices increase May 1 at 4:00 p.m. ET REGISTER & SAVE $550 Last Chance to Save on Walk-up Prices Register Now or Regret It Later   In one week, Consensus Miami becomes the world's most concentrated deal floor in digital assets, finance, and tech.   The sponsor roster tells you everything you need to know: Morgan Stanley, Fidelity, DTCC, Swift, S&P Global, Mastercard, PayPal, Stripe, AWS, Google Cloud, KPMG, and PwC alongside Coinbase, Circle, Grayscale, Galaxy, Ripple, OKX, Anchorage Digital, Paxos, and Solana to name a few.   That's not a conference lineup. That's a decade of conviction paying off — traditional finance and digital assets no longer orbiting each other, but operating as one.   This year's networking programming is the most extensive we've ever built — and every activation is designed to move you from cold contact to closed deal.    15,000+ decision-makers confirmed. 72% director level or above. Over $5 trillion in assets under management walking through the doors. Three days that catalyze what normally takes three months of meetings.    A few pass categories are still available, but others are sold out or are selling out. Once we hit capacity, that's it. Next week, you'll either be face-to-face with the people building the next decade of finance, or watching the recap from your desk.   Prices increase May 1 at 4:00 p.m. ET.  REGISTER & SAVE $550 Win 2 Free Piranha Passes   Consensus App Access is Live!   Stop waiting for the event to start networking. The Consensus app gives you early access to attendee profiles so you can schedule meetings before you land in Miami. Get there with a calendar already full.   This year, we're giving away 2 Free Piranha Passes and hotel lodging to Consensus 2027 to whoever sets and reviews the most meetings in-app.   The catch? Access is for registered attendees only — and they've already got a headstart on you. SECURE YOUR PASS Copyright © 2026 CoinDesk. All rights reserved. CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY, 10011, USA Unsubscribe Manage Preferences

CFTC uses AI to review crypto registrations 🤖

The CFTC is using AI to process crypto registrations. A bitcoin fork wants to reallocate Satoshi's coins. And the Crypto Godfather says the bottom isn't in yet. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tuesday, April 28, 2026 CFTC's AI will review U.S. crypto registration applications, chairman tells CoinDesk CFTC Chairman Michael Selig told CoinDesk the agency is deploying AI to review crypto registration applications — flagging incomplete submissions, rejecting obviously deficient ones, and routing others to the back of the queue without requiring a human to touch them. "We can see something come in with blank space or inadequate descriptions or things that are clearly wrong, picked up by AI, and it can reject those or put them at the back of the line," he said. The move is partly a workaround for staffing cuts: roughly a quarter of the CFTC's workforce has departed since 2025, even as the agency's mandate has expanded to cover crypto and the exploding prediction markets industry. Selig is currently the sole commissioner, raising questions about his authority to push through major rulemaking alone — a constraint he says he intends to ignore. Read the full story → Sponsor message Tech Bitcoiners are calling eCash a hard fork theft — but it doesn't even touch Satoshi's BTC LayerTwo Labs CEO Paul Sztorc's August hard fork would copy Bitcoin's ledger and give every BTC holder an equivalent eCash balance — standard fork playbook. The controversy is what it does with Satoshi's coins on the new chain: 500,000 of the ~1.1 million eCash attributed to Satoshi's Patoshi-pattern addresses would be redirected to early investors instead. No actual BTC moves. No private key is touched. But critics say reallocating the most symbolically important untouched balance in crypto's history — even on a forked chain — violates Bitcoin's core property-rights ethic regardless of the technical distinction. "Bitcoin was created to preserve and protect inviolable property rights for everybody on earth," one mining CEO told CoinDesk. Sztorc argues the narrow technical fact is what matters. Read more → Markets Crypto Godfather says bitcoin has not reached its bottom — and a new all-time high is off the table for 2026 Michael Terpin — the early bitcoin investor known as the Crypto Godfather — says the current rally is a relief bounce, not a bottom. In his view, bitcoin needs to fall to around $57,000 sometime in October before a genuine recovery can begin, and a new all-time high is off the table for 2026. The call puts Terpin directly at odds with Saylor's "Winter's Over" declaration last week and with analysts who see the current $76K–$78K range as a launching pad. Terpin's framework draws on the Bitcoin Supercycle thesis, which calls for a deeper reset before the next sustained leg up. Read more → Consensus Miami · May 5–7, 2026 Join CoinDesk at Consensus Miami, where agentic commerce, crypto at scale, and institutional integration are redefining the future of finance. Save 20% with the code HEADLINES Get your pass → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.

Has consumer sentiment hit an all-time low?

Consumer sentiment just hit an all-time low. Inflation expectations surged. FOMC starts today. BTC stalled at $80K again. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tuesday, April 28, 2026   Bulls want bitcoin back above $80,000. Macro says not so fast. Bitcoin pulled back to $76,500 after twice being rejected at $80K, and the economic data explains why: the University of Michigan’s consumer sentiment index fell to an all-time low of 49.8 this month, with one-year inflation expectations surging to 4.8% from 3.8% — the kind of reading the Fed cannot ignore. The FOMC meeting begins today, with a decision tomorrow. A 98% probability of a hold is priced in; what markets are actually watching is the tone of Powell’s press conference. Read today’s full report → Market snapshot As of 8am EST Asset Price 24h BTC $76,156 −0.75% ETH $2,290 −0.75% SOL $84.23 −2.05% XRP $1.39 −1.88% Prices approximate. Visit coindesk.com/price for live data. What matters today Macro   Story 1 of 3 Consumer sentiment hit an all-time low. Inflation expectations surged. FOMC meets today. The University of Michigan’s consumer sentiment index fell to a record low of 49.8 in April, driven largely by inflation pressure tied to the Iran conflict. One-year inflation expectations jumped to 4.8% from 3.8% — the sharpest single-month surge since 2021 — while the 5–10-year gauge rose to 3.5%, its highest since October 2025. The Fed’s core mandate is to keep long-run expectations anchored; data like this makes that mandate harder to credibly execute and complicates any dovish pivot. The FOMC starts today. A rate hold is a near-certainty at 98% probability per CME FedWatch; what actually moves markets will be Powell’s press conference tone tomorrow — specifically whether he signals any willingness to cut in H2 despite elevated inflation expectations. A dovish lean would likely send BTC straight at $80,000. Read more → Markets   Story 2 of 3 The Coinbase premium flipped negative. BTC is climbing on thin volume. Both matter. Two warning signs are flashing under bitcoin’s recovery. The Coinbase Premium Index has turned negative, signalling that U.S. spot demand — historically the most institutional and conviction-driven — is weakening relative to offshore exchanges. 10x Research’s Markus Thielen separately flags that BTC is climbing on thin volume with a lack of conviction from large-money participants, leaving the rally vulnerable to macro shocks. Derivatives are also cooling: open interest, volume, and liquidations all declined Tuesday, with put options now trading at a premium over calls in both BTC and ETH. The bull structural case hasn’t changed — $6.4B in fresh stablecoin inflows to Binance, 47 days of negative funding paying longs, Hyperliquid whale longs at multi-month highs — but the market is waiting on Powell to supply conviction. Read more → Institutions   Story 3 of 3 Strategy bought more BTC. Tom Lee’s firm is buying ETH as a “wartime store of value.” Strategy added another 3,273 BTC last week, bringing its total to 818,334 BTC purchased for approximately $62 billion at an average price of $75,537 — now modestly in profit at current prices. Separately, BitMine disclosed a $236 million ETH purchase, with Tom Lee’s firm arguing Ethereum is the best positioned asset as a “wartime store of value” given its stablecoin infrastructure role and on-chain activity levels. BitMine has now accumulated more than five million ETH in ten months. The concurrent buying across BTC and ETH from corporate treasuries suggests institutional appetite hasn’t dimmed even as retail sentiment hits record lows — a divergence that historically resolves in favor of the institutional direction. Read more → CoinDesk Disclosure: The information contained in this newsletter, and any information linked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. You should seek additional information regarding the merits and risks of investing in any cryptocurrency or digital assets. L1.co Disclosure: This material is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal. Crypto Daybook Americas: A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2026 CoinDesk, All rights reserved.  CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY 10011, USA Unsubscribe Manage preferences