May 26th, 2026 – Seoul, South Korea The Scandic Finance Group (SFG) is laying the foundation for a comprehensive ecosystem of real services and digital financial technology with the SNC Scandic Coin (SNC). As a global conglomerate with more than one hundred and fifteen daily newspapers and companies in mobility, technology, security and real estate, …
Monthly archives: May 2026
Crypto funds bleed $1.47B as risk-off sentiment deepens
Crypto investment products recorded $1.47 billion in outflows last week, extending a second straight week of withdrawals as Bitcoin funds led the decline, according to CoinShares. Crypto exchange-traded products (ETPs) extended the prior week’s $1.07 billion in withdrawals, CoinShares reported Tuesday. Bitcoin products accounted for roughly $1.3 billion of the outflows, their largest weekly withdrawal …
Continue reading “Crypto funds bleed $1.47B as risk-off sentiment deepens”
Ethereum price chart targets $1.8K as total value locked hits 13-month lows
Ether’s (ETH) price printed a “bear pennant” on the daily chart, a technical chart formation associated with strong downward momentum. Could a weakening technical setup and a decline in total value locked signal the continuation of ETH’s correction to $1,800? Key takeaways: Ether is forming a bear pennant on the daily chart, with a potential …
Continue reading “Ethereum price chart targets $1.8K as total value locked hits 13-month lows”
Luffa secures strategic investment from GoFintech Quantum at US$220 million valuation, pioneering AI + fintech frontier
HONG KONG, May 26, 2026 — Luffa AI, a leading innovator at the intersection of Web3 and Artificial Intelligence, today announced a strategic equity investment from Hong Kong-listed GoFintech Quantum Innovation Limited (“GoFintech Quantum”, Stock Code: 00290.HK). The transaction values Luffa AI at US$220 million. The two parties will engage in deep strategic collaboration across …
Hyperliquid launches prediction markets for real-world events
Decentralized exchange (DEX) Hyperliquid launched canonical prediction markets for offchain events, as the platform starts expanding beyond perpetual futures. Validators run automated newsfeed software that publishes the markets and votes on deployment and settlement, Hyperliquid said in a Monday Telegram post. The markets are built on Hyperliquid’s HIP-4 and use Circle’s USDC (USDC) as the …
Continue reading “Hyperliquid launches prediction markets for real-world events”
Whale Dumps $100M ETH Short, Pivots to $13.4M Bitcoin Bet at 20x Leverage
Key Takeaways A whale closed a $100M ETH short at a $260K loss on May 26, then opened a 20x BTC long. The BTC long covers 175.04 BTC at $76,662, with a liquidation threshold near a 5% adverse price move. Lookonchain data shows the reversal signals shifting conviction from ETH downside to BTC upside. Trader …
Continue reading “Whale Dumps $100M ETH Short, Pivots to $13.4M Bitcoin Bet at 20x Leverage”
Hyperliquid Expands Beyond Perps With Validator-Driven Prediction Markets for Offchain Events
Key Takeaways Hyperliquid has launched canonical prediction markets via validators for offchain events. HYPE trades at $59.71 as the platform records $170.29B in 30-day perpetual futures volume. HYPE ETFs drew $72.4M in their first week, as bitcoin ETFs shed $1.26B over the same period. Validator-Based Markets Enter the Fray Hyperliquid, the L1 best known for …
Bitcoin Slides Below $77K as US Military Strikes on Iran Shake Risk Appetite
Key Takeaways Late on Monday, bitcoin fell nearly $800 below $77,000 following reports of U.S. Navy military strikes in Iran. Brent crude spiked near $99 as maritime clashes disrupted energy markets and dented crypto capitalization. The Strait of Hormuz remains risky for shipping firms, threatening trade even if a peace deal is struck. Market Reaction …
Continue reading “Bitcoin Slides Below $77K as US Military Strikes on Iran Shake Risk Appetite”
Ondo Finance Confirms Founder Nathan Allman’s Death, Appoints Ian De Bode as CEO
Key Takeaways Ondo Finance founder Nathan Allman passed away unexpectedly on May 26; Ian De Bode was named CEO. ONDO token dropped 4.47% to $0.42 following the announcement, despite $3.79B in protocol TVL. De Bode will oversee Ondo’s USDY and OUSG treasury products across 12 blockchain networks. Filling Big Shoes Ondo Finance, a blockchain protocol …
Continue reading “Ondo Finance Confirms Founder Nathan Allman’s Death, Appoints Ian De Bode as CEO”
Russia Tells Visa and Mastercard to Finally Leave as Market Share Plummets Below 17%
Key Takeaways Citing system costs, the Bank of Russia wants Visa and Mastercard to fully exit as their market share dropped below 17%. As cashless payments hit 88%, Ilya Grashchenkov expects a calm, disruption-free market shift. Experts point out that Russia will calmly transition users to its Mir system, which issued 476.5M cards by Jan …
Tether Partners With Georgia Government to Launch GELT Stablecoin
Key Takeaways Tether to launch GELT, a Georgian lari stablecoin backed by Georgia’s 2026 crypto framework. Georgia aims to align GELT rules with U.S. GENIUS Act standards and global stablecoin laws. Tether expands beyond USDT as Georgia pushes blockchain payments and digital finance growth. Georgia Positions Itself as Crypto Hub Through Tether Stablecoin Partnership Tether …
Continue reading “Tether Partners With Georgia Government to Launch GELT Stablecoin”
Meltem Demirors Says Banks Won as Bitcoin ETFs Pull Crypto Into Wall Street’s Orbit
Key Takeaways Meltem Demirors argued on Fox Business that spot ETFs triggered an institutional identity crisis. Purists fear Wall Street asset managers stall utility, leaving bitcoin as just a speculative risk asset. Up next: Crypto may shift to serve as infrastructure for AI or continue backing economic lifelines in the Global South. The Institutional Paradox …
Morgan Stanley’s Mike Wilson Predicts S&P 500 Will Soar to 8,300 in Next 12 Months
The chief investment officer at Morgan Stanley believes that any S&P 500 pullback is an opportunity to load up on equities, predicting that the index will shatter the 8,300 level in the coming months. In Morgan Stanley’s Thoughts on the Market podcast, Mike Wilson says the US is now in a rolling recovery, and the …
Radiology Firm Breached, Exposing the Personal Data of 266,183 Individuals – ID Numbers, Financial Info and Health Data at Risk
Bad actors compromised the network of a Virginia-based radiology firm, placing the data of 266,183 people at risk. Radiology Associates of Richmond (RAR) disclosed the breach to a slew of government regulators last week. The firm discovered the incident in April, but the actual hack occurred back in July 2025. RAR wasn’t entirely clear on …
AI agents must be treated as untrusted systems: Researchers
Security for artificial intelligence-powered agents should be built into the entire system, not just around the model itself, to better prevent failures and attacks from bad actors, according to a new research paper. The amended paper, released on May 20 by researchers from Google, Gray Swan AI, EmbraceTheRed, and several universities, argued that agent security …
Continue reading “AI agents must be treated as untrusted systems: Researchers”