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 …
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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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Dogecoin may not be finished with its multi-year compression phase if a new XRP fractal chart from analyst Charting Guy continues to track. The setup suggests DOGE’s next decisive run toward a prior-cycle high could arrive around mid-2028, with the chart mapping a prolonged base before any attempt at a breakout. Charting Guy shared the …
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If Bitcoin closes above $80,000 on a daily candle, a short squeeze could send prices racing toward $82,230 — a level that hasn’t been tested in seven months. Related Reading That’s the scenario analysts are watching after a massive wave of selling halted Bitcoin’s climb at a key resistance zone over the weekend. Short Sellers …
Continue reading “Bitcoin Market Rocked By $1.6 Billion Wave Of Aggressive Selling”
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this …
Continue reading “Strategy Reports Q1 Results: Over $12 Billion In Red Ink—Here Are The Key Figures”
Ethereum is holding above $2,300 as the market builds toward what feels like a decisive move in either direction. The price is constructive but unresolved, and an Arab Chain report has just surfaced a shift in accumulation behavior that adds a layer of structural context to the current setup that the price chart alone does …
