Bitcoin (BTC) heads into June with new local lows as the US-Iran war drives crypto market nerves. Iran ceasefire hopes hang in the balance as military strikes return, but US President Donald Trump appears confident that “it will all work out well in the end.” BTC price weakness quickly returns after the May close, with …
Continue reading “Trump says Iran will ‘work out well’: Five things to know in Bitcoin this week”
XLM Defies Market Sell-off On June 1, XLM surged past the $0.27 threshold as the cryptocurrency showed signs it has not lost the momentum that saw it hit its year-to-date high on May 30. Market data show XLM rose from just under $0.243 to reach $0.271637 late Sunday before retreating to just under $0.26. XLM …
Continue reading “XLM Outpaces XRP Again as Stellar Rally Nears 100% Gain Since DTCC Deal”
Key Takeaways Onchain tracker Lookonchain says loracle.hl erased $42.2 million in gains via a HYPE short over just 18 days. The trader is now down a further $5.19 million as HYPE pushed to a record near $70 on May 31. The blowup has once again brought out the risk of fading a token whose own …
Continue reading “A Trader Made $42 Million in 10 Months, Then a HYPE Short Wiped It out in 18 Days”
Key Takeaways Intel plans to ship its Crescent Island AI GPU in 2026, targeting Nvidia and AMD on cost and power efficiency. The chip uses up to 480GB of cheaper LPDDR5X memory and air cooling, with customer sampling due in the second half of 2026. Bitcoin miners like Terawulf are pivoting to AI compute, tying …
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Key Takeaways HYPE hit an all-time high of $74.04, flipping DOGE to become the No. 10 digital asset by market cap. Grayscale is launching a Hyperliquid ETF, driving the platform’s shift to institutional infrastructure. Skeptics warn late retail buyers could become exit liquidity if the 14% weekly HYPE pump is a bubble. HYPE Flips DOGE …
Continue reading “Hyperliquid Overtakes DOGE in Market Cap as HYPE Rally Adds 70% in May”
Key Takeaways The SEC says Nathan Fuller raised $12.3 million from roughly 150 investors using fake AI trading bots from 2022 to 2024. Only about $380,000, 3% of the money, ever bought crypto, while $6.2 million was allegedly misappropriated. The case adds to a 2026 enforcement wave targeting AI-themed crypto schemes and could end in …
Continue reading “The Bots Were Fake: SEC Sues Privvy Founder Over $12.3 Million Crypto Scheme”
Key Takeaways Powell said the Federal Reserve forfeits public trust if a president can dismiss officials over policy, per June 1 remarks. The warning came amidst a time when the Supreme Court is weighing Trump’s bid to remove Governor Lisa Cook over fraud claims. Kevin Warsh now leads the Fed, leaving 2026 rate expectations and …
This Week in Crypto Law The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. The final full week of May offered further evidence that crypto regulation is entering a new phase. Several of the industry’s most significant legal battles appear to be winding down, while policymakers and financial institutions are …
A former bank employee will spend the next six years behind bars after draining hundreds of thousands of dollars from customer accounts. Ex-First National Bank of Commerce employee and Pocahontas, Arkansas resident Heather Pankey pleaded guilty to theft of property, financial identity fraud, first-degree forgery and computer fraud after stealing a total of $257,594.77 from …
A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) made last week was likely a whale making a quick exit on a directional trade, says Greg Cipolaro, the head of research at financial services company NYDIG. On Tuesday, an unknown trader sold 29.2 million shares of BlackRock’s IBIT on a dark pool, a …
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The Sui Foundation, the nonprofit organization behind the Sui Network, says it has made a “major upgrade” to address issues that caused three recent outages and left the blockchain down for more than 15 hours across two days. Sui experienced an outage on Thursday that lasted nearly six hours and two more on Friday. The …
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Losses from exploits of crypto platforms fell to $68.3 million in May, down almost 90% from the $650 million lost in April, says crypto security company CertiK. “After a particularly bad April, May is now the third month of 2026 to record losses under [$100 million],” CertiK posted to X on Sunday. Around $2.6 million …
Continue reading “Crypto exploit losses in May fall 90% over month to $68M: CertiK”
The Cardano Foundation has canceled its 2026 annual conference after its governance community shot down a revised proposal seeking to fund the event with treasury tokens. “Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken and we respect the outcome,” the foundation posted to X on …
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Crypto liquidity provider and trading firm Wintermute says it is providing liquidity on prediction markets as the industry continues to expand. The firm, which handles $3.5 trillion in annual trading volume, said on Friday that it is extending its institutional trading to prediction markets and would provide “two-sided markets across event contracts on leading venues,” …
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A pseudonymous white hat hacker has helped recover $2 million worth of Ether locked in a faulty initial coin offering (ICO) smart contract for almost a decade. In a post to X on Sunday, the white hat, known as “0xflorent,” said they helped recover about 1,003 Ether (ETH) from 48 investors who participated in the …
Continue reading “White hat hacker recovers $2M from faulty 2016 ICO smart contract”
