Key Takeaways Multicoin Capital deposited all 286,057 AAVE tokens ($26.68M) into Coinbase Prime on May 16. The fund bought 338,005 AAVE at an average of $218 per token in late 2025, now down nearly 60% to $88. Coinbase Prime deposits by institutional funds historically tend to precede large structured OTC exits. How the Position Was …
Monthly archives: May 2026
Stablecoin Market Cap Tops $323.3 Billion as Weekly Inflows Log $1.5 Billion
Key Takeaways Tether added $68.2M as USDT held 58.67% of the $323.3B stablecoin market. Sky’s USDS jumped 11.5% to $8.79B, closing in on the $10B milestone. Western Union’s USDPT spiked 597,568%, though its market cap remains just $1.5M. Tether Commands 58.67% of Stablecoin Market; Western Union USDPT Rises 597,568% Tether’s USDT remains the dominant force …
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Strategy to repurchase $1.5B of 2029 convertible notes
Bitcoin treasury company Strategy announced on Friday that it will repurchase $1.5 billion in 0% convertible notes, due in 2029, retiring about half of the 2029 convertible note tranche’s total outstanding debt. Strategy entered into “privately negotiated transactions” with a portion of its 0% senior convertible note holders on Thursday, agreeing to repurchase the debt …
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Bitcoin analysis sees ‘bear trap’ as BTC price passes two-week lows under $78K
Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains. Key points: Bitcoin falls below $78,000 for the first time since the start of May. Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets. Support weakness has traders looking at $75,000 and under …
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Hackers Targeting 59 Banking, Fintech and Crypto Platforms, Stealing Credentials, PINs and More: Report
Hackers are reportedly targeting 59 banking, fintech and cryptocurrency platforms while spreading through popular applications such as WhatsApp and Outlook. A trojan called TCLBanker is hitting Windows systems through tainted Microsoft installation packages, reports BleepingComputer. It was discovered by Elastic Security Labs, whose researchers believe it is a major evolution of the older Maverick and Sorvepotel …
OpenAI partners with Malta to give all citizens free ChatGPT Plus access
OpenAI and the Maltese government have announced a world-first partnership to roll out ChatGPT Plus to all Maltese citizens, marking the first time a government has struck such a deal with the AI company. Under the programme, citizens who complete a government-backed AI literacy course will receive free access to ChatGPT Plus for one year, …
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Bitcoin Mining Stocks Sink Friday Yet Still Beat BTC in 2026 Performance
Key Takeaways All ten bitcoin mining stocks tracked fell on May 15, 2026, with Bitdeer dropping the most at 9.59%. Every miner on the list outperformed bitcoin’s negative 11.1% YTD return, led by Hut 8 at 123.16%. IREN Limited’s 12.37% five-day slide signals short-term pressure even as sector YTD gains hold firm. Bitcoin Miner Stocks …
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Dogecoin Whale Bets $2.25M With 10x Leverage as Big Wallets Hoard Record 108B DOGE
Key Takeaways A new wallet placed a 10x leveraged long on 20 million DOGE worth $2.25M on May 16, per Lookonchain. The $0.10284 liquidation price leaves under 10% margin from current dogecoin spot price near $0.1086. DOGE whale holdings hit record levels in May 2026, even as price consolidates below $0.12. High Stakes, Tight Margin …
Drake Drops 43 Songs and Calls Himself a ‘BTC Crypto Big-Timer’ on New Track ‘Dust’
Key Takeaways Drake’s “Dust” track on Iceman name-drops Sam Bankman-Fried (SBF) and bitcoin across a 43-song triple album released May 15, 2026. The “ BTC crypto big-timer” lyric lands as bitcoin trades in the high five figures, amplifying mainstream crypto adoption signals. SBF, serving 25 years for FTX fraud, now draws a celebrity pardon plea …
Bitcoin Slides to $77,614 as US and Israel Weigh New Strikes on Iran
Key Takeaways Bitcoin fell below $78,000 as rumours of potential U.S. and Israeli military strikes against Iran intensified. The sudden crypto market crash wiped out $666 million in long positions. Investors look ahead as the Israel Defense Forces prepare assets for a conflict that could last for weeks. Bitcoin Slips Below $78,000 as Geopolitical Tensions …
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Arthur Hayes Tells CME and ICE Off as HYPE Drops Nearly 9% After Lobbying Push
Key Takeaways CME and ICE lobbied the CFTC to force federal oversight on Hyperliquid’s 24/7 onchain oil futures. Following the news, Hyperliquid’s HYPE token slid nearly 9% to $41.49 by May 16. Hyperliquid must now face potential CFTC mandates to enforce strict KYC and trade surveillance. Legacy Exchanges Raise National Security Alarms In what is …
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Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push
Key Takeaways Hana Bank will buy a 6.55% Dunamu stake for $670M, with the deal expected to close by June 15. Upbit parent Dunamu deal signals Korean banks’ deeper push into crypto finance. Hana Bank expands blockchain ties after USDC and Standard Chartered partnerships. Kakao Sells $670M Dunamu Stake to Hana Bank Hana Bank has …
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Financial Firm Hit by Major Cybersecurity Incident, Data of 123,158 Americans Potentially Exposed
The personal information of 123,158 people may have been exposed after a financial services firm suffered a ransomware-related cybersecurity incident. According to new data from the Maine Attorney General, the American Lending Center reported an external system breach affecting 123,158 individuals, including 120 Maine residents. The Irvine, California-based financial services firm says the breach occurred …
CEO of Publicly Traded Firm Falsifies and Fabricates Bank Records in $212,000,000 Investment Fraud Scheme: DOJ
The former CEO of a publicly traded healthcare services company has been sentenced to five years in prison for his role in a $212.5 million investment fraud scheme. The U.S. Department of Justice (DOJ) says Parmjit Parmar, also known as Paul Parmar, pleaded guilty to conspiracy to commit securities fraud and was sentenced on May …
THORChain confirms $10M exploit, rolls out recovery portal for affected users
THORChain has confirmed a $10 million exploit and launched a recovery portal, giving affected users a self-custodial path to revoke malicious token approvals and submit refund claims backed by a treasury-provisioned refund pool of equal size. In a Saturday post on X, THORChain Foundation introduced the recovery portal, saying that “affected users are now able …
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