Investment group BG Wealth Sharing, a suspected $150 million crypto Ponzi scheme, has had its domain seized by law enforcement days after allegedly rug-pulling users. Onchain sleuth ZachXBT said on X on Tuesday that “illicit actors” connected to the group tried to launder more than $92 million in crypto between April 27 and Sunday, but …
Continue reading “Law enforcement freezes $41M connected to $150M crypto Ponzi collapse”
The crypto-focused arm of venture capital firm Andreessen Horowitz has raised $2.2 billion for its fifth fund dedicated to backing crypto projects. In a blog post on Tuesday, a16z Crypto said its latest fund, Crypto Fund 5, would back founders “turning new infrastructure into products people use every day,” including stablecoins, perpetual futures, prediction markets …
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Crypto bank Anchorage is launching a new agentic banking service, seeking to give AI agents the ability to access and move money without human interference — an industry that could be worth a trillion dollars, according to its co-founder. In an X post on Tuesday, Anchorage co-founder and CEO Nathan McCauley said the firm’s new …
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Colombia’s President Gustavo Petro said the nation’s Caribbean coast has the potential to become a Bitcoin mining hub, leveraging its surplus renewable energy to attract foreign investment and spur economic development. In a post on X on Tuesday, Petro said the Caribbean cities of Barranquilla, Santa Marta and Riohacha could host Bitcoin (BTC) mining facilities …
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DeFi protocol Kelp DAO said it will be migrating its restaking token, rsETH, to the Chainlink oracle platform after the $292 million exploit in April, as it continued to blame the attack on LayerZero’s cross-chain infrastructure. Hackers stole 116,500 Kelp DAO restaked ETH tokens on April 18 from Kelp DAO’s LayerZero-powered bridge, then used them …
Continue reading “Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues”
Rapper Iggy Azalea is facing a class-action lawsuit in the US, accusing her of misleading investors about the real-world utility and future development of her Solana-based memecoin Mother Iggy (MOTHER). The complaint filed by plaintiff Kenneth Kolbrak in a Manhattan federal court on Monday claimed Azalea, whose real name is Amethyst Amelia Kelly, made representations …
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Strategy executive chairman Michael Saylor said his firm could sell Bitcoin to “inoculate” the market against sudden panic or to reinforce confidence in the company, in contrast to its long-standing “never sell” Bitcoin strategy. “We’ll probably sell some Bitcoin to fund a dividend, just to inoculate the market, just to send the message that we …
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Key takeaways: While Bitcoin onchain activity and derivatives show a lack of participation from traders, record spot ETF inflows point to strong institutional demand. The absence of leveraged longs may actually fuel further upside as sellers are forced to buy back if Bitcoin edges higher. Bitcoin (BTC) gained 7% over the past week, breaking above …
Continue reading “Bitcoin holds $81K amid flat derivatives markets: Is the rally sustainable?”
Key Takeaways: Rejecting the Digital Asset Market Clarity Act over a rule, banks seek to prevent deposit flights. Eleanor Terrett notes big banks aren’t 100% aligned, so they will next lobby the Senate over market risks. On May 4, the American Bankers Association demanded a fix for a loophole enabling future stablecoin yields. Banks Still …
Continue reading “Banks Reject Stablecoin Yield Compromise, Demanding Stricter Crypto Limits”
Key Takeaways: Bullish plans to acquire Equiniti in a $4.2 billion stock-and-debt transaction. Equiniti brings nearly 3,000 issuer clients and more than 20 million shareholders. Tokenization services are expected to drive faster growth after the deal closes. Bullish Acquisition Links Digital Assets With Shareholder Records Bullish (NYSE: BLSH) announced May 5, 2026, a $4.2 billion …
Key Takeaways: Bitcoin approached $82,000 resistance but still lacks confirmation of a sustained breakout. ETF inflows reached $2.6 billion, while late outflows signaled weakening demand. Macro factors, including geopolitics and energy markets, will likely dictate price direction. Bitcoin Faces Resistance Below Critical Breakout Level Bitcoin’s upside remains conditional despite strengthening fundamentals, the May 4 market …
Continue reading “Bitcoin’s Bull Case Hinges on Macro Conditions, Wintermute Says”
Key Takeaways: Coinbase will reduce its workforce by about 14%, affecting roughly 700 employees. Restructuring costs are estimated at $50 million to $60 million, mostly for severance. Management plans smaller AI-focused teams, fewer leadership layers, and faster execution. Coinbase Cuts Jobs to Manage Costs and AI Transition Coinbase Global Inc. (Nasdaq: COIN) revealed on May …
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Key Takeaways: Kraken partnered with Moneygram to support crypto-to-cash withdrawals across more than 100 countries. Customers can access local currency through Moneygram’s regulated international cash pickup network. Expansion plans include local bank deposits, cross-border flows, and additional money movement options. Kraken Moneygram Partnership Expands Crypto Cash Access Crypto exchange Kraken announced on May 5 a …
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TLDR: Buterin declared consortium blockchains a failure at Arbitrum Day on July 20, 2024, citing cartel-like structures. He proposed adding Merkle roots and validity proofs to centralized servers as a low-disruption enterprise fix. Buterin defined four L2 categories: EVM chains, server upgrades, experimentation zones, and app-specific chains. Interoperability between diverse L2 types is central to …
Justin Sun called it a “meritless PR stunt.” World Liberty Financial, or WLFI called it a lawsuit. Related Reading WLFI Vs. Sun: A Public Feud Goes Legal The Trump-affiliated crypto project filed a defamation claim against the Tron founder on Monday, accusing him of running a deliberate campaign to trash its reputation and push its …
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