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According to the latest publicly available documents from the U.S. Securities and Exchange Commission (SEC), biopharmaceutical company Revolution Medicines has officially demanded that Erasca immediately cease all research, development, and commercial promotion activities related to its anti-cancer drug Eras-0015 within the United States.
Biotechnology company CytoDyn Inc. announced that the first patient has been dosed in its Expanded Access Program for Leronlimab targeting triple-negative breast cancer.
The UK market regulator proposes shortening the initial public offering (IPO) process by one week to enhance London’s attractiveness as a hub for new stock listings.
Google to establish the world's first AI campus in South Korea; DeepMind plans to deepen cooperation with Samsung, SK Hynix, and LG
Spark Protocol releases Q1 2026 financial report, with net protocol surplus reaching $3.46 million
Foresight News reports that the DeFi lending protocol Spark has released its financial report for the first quarter of 2026. The report shows that total protocol revenue for Q1 was 31.5 million USD (down 31% quarter-on-quarter), with net protocol income at 6.91 million USD (down 30% quarter-on-quarter), and net protocol surplus at 3.46 million USD (down 47% quarter-on-quarter). By the end of the quarter, the protocol treasury reached 46.1 million USD (up 5.7% quarter-on-quarter). Additionally, the protocol initiated its first SPK token buyback program this quarter, spending a cumulative 986,000 USDS on open market buybacks.
This quarter, reward distribution surpassed Spark Liquidity Layer (SLL) net income for the first time, becoming the protocol's largest net income source, with total quarterly revenue of 3.31 million USD and distributed supply reaching 4.5 billion USD. Regarding SLL, the average deployed capital was 1.93 billion USD, with an average annualized return of 5.8%. However, weakened demand for DeFi lending caused the captured interest spread to narrow from 0.83% in January to 0.41% in March. Within the quarter, SparkLend’s reserve factor income was 156,000 USD, with the USDT deposit balance reaching 285 million USD by the end of March.
Foresight News reports that the DeFi lending protocol Spark has released its financial report for the first quarter of 2026. The report shows that total protocol revenue for Q1 was 31.5 million USD (down 31% quarter-on-quarter), with net protocol income at 6.91 million USD (down 30% quarter-on-quarter), and net protocol surplus at 3.46 million USD (down 47% quarter-on-quarter). By the end of the quarter, the protocol treasury reached 46.1 million USD (up 5.7% quarter-on-quarter). Additionally, the protocol initiated its first SPK token buyback program this quarter, spending a cumulative 986,000 USDS on open market buybacks.
This quarter, reward distribution surpassed Spark Liquidity Layer (SLL) net income for the first time, becoming the protocol's largest net income source, with total quarterly revenue of 3.31 million USD and distributed supply reaching 4.5 billion USD. Regarding SLL, the average deployed capital was 1.93 billion USD, with an average annualized return of 5.8%. However, weakened demand for DeFi lending caused the captured interest spread to narrow from 0.83% in January to 0.41% in March. Within the quarter, SparkLend’s reserve factor income was 156,000 USD, with the USDT deposit balance reaching 285 million USD by the end of March.
Strive increases its holdings by 789 BTC, bringing its total to 14,557 BTC.
Foresight News reports that Strive CEO Matt Cole posted on Twitter stating that Strive spent approximately $61.43 million to acquire an additional 789 BTC at an average price of about $77,890. As of April 24, Strive holds a total of 14,557 BTC.
Foresight News reports that Strive CEO Matt Cole posted on Twitter stating that Strive spent approximately $61.43 million to acquire an additional 789 BTC at an average price of about $77,890. As of April 24, Strive holds a total of 14,557 BTC.
The Block appoints former Azuki COO Steve Chung as CEO
Foresight News reports that crypto media platform The Block has appointed Steve Chung as Chief Executive Officer. Steve Chung will succeed Larry Cermak, who will continue to serve as President and oversee research, data, and product operations. During Steve Chung’s tenure as Chief Executive Officer, The Block will focus on expanding its institutional research and data services, growing its enterprise business, and deepening its role as a key information and data provider within the crypto ecosystem.
Previously, Steve Chung served as the first Chief Growth Officer at FOX Corporation, Chief Digital Officer of Fox Television Group, Chief Executive Officer of CJ ENM America, and Chief Operating Officer at NFT company Azuki. Since being acquired by Foresight Ventures in 2023, The Block has significantly expanded its institutional business presence. Foresight Ventures has recently committed an additional $10 million in growth funding to support the company’s next phase of expansion.
Foresight News reports that crypto media platform The Block has appointed Steve Chung as Chief Executive Officer. Steve Chung will succeed Larry Cermak, who will continue to serve as President and oversee research, data, and product operations. During Steve Chung’s tenure as Chief Executive Officer, The Block will focus on expanding its institutional research and data services, growing its enterprise business, and deepening its role as a key information and data provider within the crypto ecosystem.
Previously, Steve Chung served as the first Chief Growth Officer at FOX Corporation, Chief Digital Officer of Fox Television Group, Chief Executive Officer of CJ ENM America, and Chief Operating Officer at NFT company Azuki. Since being acquired by Foresight Ventures in 2023, The Block has significantly expanded its institutional business presence. Foresight Ventures has recently committed an additional $10 million in growth funding to support the company’s next phase of expansion.
The US Forces Intercepted and Forced Six Oil Tankers to Return, Returning Approximately 1050 Million Barrels of Crude Oil
BlockBeats News, April 27th, according to the oil tanker tracking website Tankertrackers.com, data shows that recently, six tankers carrying about 10.5 million barrels of Iranian crude oil were intercepted by the US military, turned around, and have returned to Iran through the Strait of Hormuz.
Meanwhile, on April 24th, another approximately 4 million barrels of Iranian crude oil loaded on a tanker successfully passed through the US maritime blockade.
BlockBeats News, April 27th, according to the oil tanker tracking website Tankertrackers.com, data shows that recently, six tankers carrying about 10.5 million barrels of Iranian crude oil were intercepted by the US military, turned around, and have returned to Iran through the Strait of Hormuz.
Meanwhile, on April 24th, another approximately 4 million barrels of Iranian crude oil loaded on a tanker successfully passed through the US maritime blockade.
Spark Releases Q1 2026 Financial Report: Net Protocol Earnings $3.46 million
BlockBeats News, April 27 - Spark Protocol released its Q1 2026 financial report on April 27. The report shows that the protocol achieved a gross protocol revenue of $31.5 million in the quarter (down 31% QoQ), a net protocol revenue of $6.91 million (down 30% QoQ), and a net protocol surplus of $3.46 million (down 47% QoQ). The protocol's treasury reached a scale of $46.1 million at the end of the quarter (up 5.7% QoQ). Additionally, Spark initiated an SPK token buyback program, investing $0.986 million to repurchase tokens on the open market.
There was a shift in the revenue structure this quarter, with distribution rewards becoming the protocol's largest net revenue contributor ($3.31 million), surpassing for the first time the net revenue from the Spark Liquidity Layer (SLL). The average deployed capital in SLL was $1.93 billion, with an average annual yield of 5.8%. SparkLend continued to support institutional lending business, with its USDT savings pool seeing continuous growth. The Spark institutional lending product deployed $150 million by the end of the quarter, with governance approving a $1 billion cap.
The report noted that the current DeFi lending market's adverse conditions led to a tightening of SLL spreads but significant growth in the protocol's distribution business. USDS, as a scalable savings-based reward mechanism in an unfavorable market environment, is continuously expanding its distribution channels to support multiple chains and various stablecoins.
BlockBeats News, April 27 - Spark Protocol released its Q1 2026 financial report on April 27. The report shows that the protocol achieved a gross protocol revenue of $31.5 million in the quarter (down 31% QoQ), a net protocol revenue of $6.91 million (down 30% QoQ), and a net protocol surplus of $3.46 million (down 47% QoQ). The protocol's treasury reached a scale of $46.1 million at the end of the quarter (up 5.7% QoQ). Additionally, Spark initiated an SPK token buyback program, investing $0.986 million to repurchase tokens on the open market.
There was a shift in the revenue structure this quarter, with distribution rewards becoming the protocol's largest net revenue contributor ($3.31 million), surpassing for the first time the net revenue from the Spark Liquidity Layer (SLL). The average deployed capital in SLL was $1.93 billion, with an average annual yield of 5.8%. SparkLend continued to support institutional lending business, with its USDT savings pool seeing continuous growth. The Spark institutional lending product deployed $150 million by the end of the quarter, with governance approving a $1 billion cap.
The report noted that the current DeFi lending market's adverse conditions led to a tightening of SLL spreads but significant growth in the protocol's distribution business. USDS, as a scalable savings-based reward mechanism in an unfavorable market environment, is continuously expanding its distribution channels to support multiple chains and various stablecoins.
Tether launches Bitcoin mining development kit (MDK), supporting cross-platform and modular control
Foresight News reports that Tether has announced the launch of the Bitcoin Mining Development Kit (MDK), an open-source full-stack development framework designed to provide unified control over mining infrastructure for Bitcoin miners and developers. MDK adopts an open modular architecture, combining a JavaScript backend SDK with a React UI component library, aiming to offer an open-source alternative to closed and proprietary mining systems.
The framework does not restrict hardware or vendors, supports running on Windows, macOS, and Linux systems, and allows operators ranging from home miners to gigawatt-scale facilities to monitor and control their infrastructure, avoiding vendor lock-in. MDK introduces a capability-based architecture, coordinating device functions with independent modules via a central orchestration layer. Tether CEO Paolo Ardoino stated that MDK is an important advancement following the open-source Mining Operating System (MOS) and will serve as the foundational framework for building MOS and other mining applications, driving automation and optimization of mining processes.
Foresight News reports that Tether has announced the launch of the Bitcoin Mining Development Kit (MDK), an open-source full-stack development framework designed to provide unified control over mining infrastructure for Bitcoin miners and developers. MDK adopts an open modular architecture, combining a JavaScript backend SDK with a React UI component library, aiming to offer an open-source alternative to closed and proprietary mining systems.
The framework does not restrict hardware or vendors, supports running on Windows, macOS, and Linux systems, and allows operators ranging from home miners to gigawatt-scale facilities to monitor and control their infrastructure, avoiding vendor lock-in. MDK introduces a capability-based architecture, coordinating device functions with independent modules via a central orchestration layer. Tether CEO Paolo Ardoino stated that MDK is an important advancement following the open-source Mining Operating System (MOS) and will serve as the foundational framework for building MOS and other mining applications, driving automation and optimization of mining processes.