Cointelegraph.com
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Cointelegraph.com - 22:12 May 24, 2026
Fixed-income investors are in a "panic" as government securities, once seen as low-risk, begin to crack, according to BitMEX researcher Shang Wu. Rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices, as investors flee debasing assets for one that cannot be inflated, according to Shang Wu, a senior research analyst at crypto exchange BitMEX. The yield on the 30-year US Treasury broke past 5.14% on Tuesday, while the Bank of Japan’s 10-year government bond yield touched 2.8%, Wu said. These yields are unsustainable in the long-term and will force governments to choose between debasing their currencies and a “sovereign debt collapse,” Wu said. Read more -
Cointelegraph.com - 20:43 May 24, 2026
The Ethereum Foundation holds less than 1% of all ETH in circulation while other protocol foundations typically hold 10-50% of their native token's supply, the founder said. Ethereum co-founder Vitalik Buterin responded to growing criticisms of the Ethereum Foundation’s role in the Ethereum ecosystem, pushing back against critics who want the organization to take a more active role in supporting token prices and marketing. Buterin said the Foundation will continue to focus on promoting censorship-resistance, open source software code, long-range research, cybersecurity, and decentralization of the Ethereum Protocol, as outlined in its mandate. He said: The Ethereum Foundation's mandate was published in March 2026. Source: Ethereum Foundation Read more -
Cointelegraph.com - 18:05 May 24, 2026
The law firm agreed to a settlement in February 2026 and is facing a separate $525 million lawsuit over its role in the collapse of the FTX crypto exchange. Fenwick & West LLP, the principal law firm that advised former cryptocurrency exchange FTX, agreed on Friday to pay $54 million to settle a 2023 class action lawsuit, filed by former customers of the defunct exchange. The plaintiffs allege that Fenwick “facilitated FTX’s fraud” by playing “a key and crucial role in the most important aspects of why and how the FTX fraud was accomplished,” according to the original complaint. Plaintiffs argue that the Silicon Valley law firm helped the now-bankrupt FTX obscure the misuse of customer funds by creating legal entities, structures and other strategies to hide the commingling of funds, including transfers between the exchange and its trading arm, Alameda Research. Read more -
Cointelegraph.com - 15:08 May 24, 2026
ETH’s bearish chart setup points to a 25% drop toward $1,600, risking over $10 billion in paper losses for BitMine in the coming weeks. Tom Lee’s BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and a bearish chart setup pointing toward $1,600. Key takeaways: Bitmine's ETH treasury dashboard. Source: DropStab.COM Read more -
Cointelegraph.com - 11:45 May 24, 2026
A New York Times investigation found that senior CFTC officials who raised concerns about Polymarket, Crypto.com and Gemini were suspended and pushed out. Senior officials at the Commodity Futures Trading Commission (CFTC) who raised concerns about prediction market companies were suspended, investigated and eventually pushed out of the agency. According to a New York Times investigation published Sunday, the officials had flagged concerns about Polymarket, Crypto.com and a Gemini affiliate, each with alleged business ties to President Donald Trump's family. Career staff worried that Crypto.com was not treating small bettors fairly, that Polymarket lacked adequate fraud protections and that Gemini’s affiliate had not completed the required regulatory review to operate. Despite those concerns, then-acting CFTC chair Caroline Pham and her senior counsel intervened to help the firms get what they wanted, sources told the NYT. By the end of 2025, two officials who had raised questions were placed on administrativ... -
Cointelegraph.com - 09:35 May 24, 2026
William Mougayar says critics are measuring the Ethereum Foundation by the wrong standard, claiming it was never meant to pump ETH or court institutions. A blockchain researcher has pushed back against growing criticism of the Ethereum Foundation, arguing that the organization is doing “exactly” what it was designed to do, which the critics keep getting wrong. In a post on X titled “Leave the Foundation Alone,” William Mougayar, a Toronto-based blockchain investor, researcher and best-selling author, argued that the Ethereum Foundation is a protocol steward, not a marketing engine. Mougayar said that Ether (ETH), Ethereum and the Ethereum Foundation are three separate entities with three separate trajectories. “The asset is money. The infrastructure is shared compute. The Foundation is a non-profit that is steering the protocol toward irrelevance for its own founders,” he wrote, adding that confusing the three leads to bad predictions and misplaced anger. Read more -
Cointelegraph.com - 09:02 May 24, 2026
Rising short-term bond yields and Warsh's hawkish comments in the past are reviving fears of a December rate hike, which could slam the brakes on Bitcoin's recovery. Bitcoin (BTC) fell to $74,190 on Saturday, its lowest level in more than a month, despite pro-crypto Kevin Warsh being sworn in as Federal Reserve chairman a day earlier. BTC/USD daily chart. Source: TradingView Read more -
Cointelegraph.com - 05:45 May 24, 2026
Stablecoin issuer StablR says it has been compromised, with Blockaid suspecting the cause is a private key compromise of an owner of a multisig wallet used for minting tokens. Stablecoin issuer StablR has said it has suffered an exploit, resulting in its euro and US dollar stablecoins depegging. Blockchain security firm Blockaid said on Sunday that the exploit had extracted $2.8 million so far. StablR said in a X post that it had identified an exploit and was “working to contain it and minimize impact.” Blockaid said it suspected the cause of the exploit is a private key compromise of one owner on a multisignature wallet used for minting stablecoin, which allowed one of the three participants to sign a transaction. Read more -
Cointelegraph.com - 03:20 May 24, 2026
US President Donald Trump posted on Truth Social that final details of a deal with Iran are currently being discussed, giving crypto markets a lift. Crypto markets have recovered around $75 billion in value after US President Donald Trump said on Saturday that a peace agreement with Iran was imminent. Trump said in a post to his Truth Social platform on Saturday that a deal has been “largely negotiated” between the US and Iran, along with Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan and Bahrain. “An agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other countries,” Trump said. Read more -
Cointelegraph.com - 23:07 May 23, 2026
Centralized data collection is a honeypot for hackers and organized criminals looking to target crypto holders and their families, according to Bitcoiners. About 70% of all wrench attacks, physical attacks against crypto holders and their families, carried out in an attempt to steal digital assets, occur in France, according to Bitcoin journalist Joe Nakamoto. There have been 41 crypto-related kidnappings in France so far in 2026, Nakamoto said, or about one attack every two and a half days, he added. He attributed the rise in wrench attacks to know-your-customer data collection, which is stored in centralized servers that were compromised in several high-profile data leaks, including the 2020 leak of hardware wallet provider Ledger’s customer data. Read more -
Cointelegraph.com - 20:49 May 23, 2026
The price of Bitcoin is about $75,800 at the time of publication, a nearly 40% decrease from the all-time high of about $126,000 reached in October 2025. The price of Bitcoin may be headed to the $60,000 level after breaking past a “crucial” support zone between $75,000 and $76,000, according to crypto market analyst Michaël van de Poppe. Bitcoin fell below the support zone on Friday, van de Poppe said, adding that market corrections occurring on Fridays “flip back bullish quite often.” There are also “multiple” Chicago Mercantile Exchange (CME) Bitcoin futures gaps above the spot market price, the highest of which is over $79,000, he added. He continued: Read more -
Cointelegraph.com - 18:20 May 23, 2026
The current Federal Funds target rate is between 350 and 375 basis points, which traders project to rise by at least 25 basis points in December 2026. Kevin Warsh, who was sworn in as the chairman of the United States Federal Reserve on Friday, will likely slash interest rates, despite the “consensus” view that he will raise interest rates, according to author, Bitcoin investor and market analyst Lawrence Lepard. Lepard said that comments from other US officials, including Kevin Hassett, the director of the White House National Economic Council, and Treasury Secretary Scott Bessent, support the likelihood of rate cuts in 2026. He added: Source: Lawrence Lepard Read more -
Cointelegraph.com - 14:03 May 23, 2026
Binance CEO Richard Teng denied a new WSJ report alleging $850 million in Iran-linked transactions flowed through the exchange to the IRGC. Binance CEO Richard Teng has pushed back against a new Wall Street Journal investigation claiming the exchange processed $850 million in transactions tied to a sanctioned Iranian financier, which eventually flowed to Iran’s Islamic Revolutionary Guard Corps. In a Friday post on X, Teng called the reporting “fundamentally inaccurate,” saying that Binance never permitted transactions with sanctioned individuals and that any flagged activity occurred before those individuals were placed under US sanctions. He also claimed Binance had investigated the issues before the Journal contacted the company, and that facts it provided were not included in the story. The Journal’s report, published on Thursday, identified Babak Zanjani, who was re-sanctioned by the US in January, as the central figure in a secret crypto payment network that ran $850 million through Binance accounts ove... -
Cointelegraph.com - 10:56 May 23, 2026
The ECB warned EU finance ministers that expanding euro stablecoin issuance could weaken bank lending and complicate monetary policy. The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary policy, according to three sources cited by Reuters. The pushback came in response to a policy paper prepared by Brussels-based think tank Bruegel, whose authors presented their proposals at the two-day informal meeting of the Economic and Financial Affairs Council in Nicosia, Cyprus. The paper called for easing liquidity requirements for stablecoin issuers and potentially granting them access to ECB funding, arguing that these measures were necessary if the euro stablecoin market was to compete with dollar-backed rivals. Europeans conduct 38% of global stablecoin transactions, yet euro-denominated tokens account for just 0.3% of total supply, per the policy paper. Circle’s EURC (EURC), the largest euro stablecoin, r... -
Cointelegraph.com - 09:05 May 23, 2026
The cash-settled, European-style contracts will trade under the ticker QBTC on Phlx, but still require CFTC approval before trading can begin. The Securities and Exchange Commission has approved Nasdaq’s proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange. The options are European-style contracts tied to the Nasdaq Bitcoin Index, a benchmark that tracks one one-hundredth of the CME CF Bitcoin Real Time Index, which updates with data from major cryptocurrency exchanges every 200 milliseconds. The approval was granted on an accelerated basis and published Friday on the SEC’s website. The new contracts are cash-settled, meaning holders receive the difference between the Bitcoin spot price and the strike price at expiration. Unlike options on spot Bitcoin ETFs, there is no physical Bitcoin involved and no risk of early assignment, offering traders an alternative way to bet on the price of the cryptocurrency. Read more -
Cointelegraph.com - 06:55 May 23, 2026
Ongoing Bitcoin ETF outflows have historically “correlated with conditions favorable for patient accumulation rather than panic," according to Santiment. The recent streak of outflows from US-based spot Bitcoin ETFs, totaling more than $1 billion over the past trading week, suggests a potential buying opportunity for the world’s largest cryptocurrency, according to crypto sentiment platform Santiment. “Santiment's analysts read these flows as a counter-indicator, since ETFs disproportionately reflect retail conviction rather than smart money positioning,” Santiment said in a report on Friday. Santiment said retail investors were losing patience after Bitcoin (BTC) failed to hold above $80,000 in May. Bitcoin is trading at $75,410 at the time of publication, after reaching as high as $79,052 on May 16, according to CoinMarketCap. Read more -
Cointelegraph.com - 04:24 May 23, 2026
Strategy chairman Michael Saylor said the goal is to maximize Strategy’s Bitcoin per share by 2033. Strategy chairman Michael Saylor has not ruled out the company offloading some Bitcoin as early as this year, after recently softening his long-held “never sell” stance. “I think it's not unlikely that we'll sell some Bitcoin between now and the end of the year,” Saylor said during an interview with Natalie Brunell published to YouTube on Friday. Saylor said it is “also likely” that the company will sell a mix of equity and credit and manage its USD and cash holdings. “We do it in a very thoughtful programmatic fashion where we're running our multivariate models, and we're literally running them,” Saylor said, noting the company is focused on long-term outcomes out to 2033: Read more -
Cointelegraph.com - 00:29 May 23, 2026
Ethereum’s dominance in DeFi, stablecoins and staking is strengthening the long-term ETH accumulation thesis, despite it’s 28% price decline in 2026. Ether’s (ETH) long-term investment case is drawing fresh attention as Ethereum continues to lead in key areas of onchain activity and decentralized finance, despite the altcoin losing 28% of its value this year. The network still hosts roughly $43 billion in DeFi liquidity, more than $165 billion in stablecoins, and about 55% of tokenized assets tracked across public blockchains. Data from Token Terminal also shows that the market capitalization of tokenized exchange-traded funds (ETFs) exceeds $400 million, with Ethereum accounting for 76.9% of the market share. Referencing the data above, crypto analyst Tanaka said, Read more -
Cointelegraph.com - 23:16 May 22, 2026
Laszlo Hanyecz's 2010 post, offering 10,000 BTC in exchange for two pizzas delivered to his home, marked the first recorded commercial BTC payment. The Bitcoin community celebrated the 16th anniversary of “Pizza Day” on Friday, marking the first recorded commercial Bitcoin transaction, in which real-world goods were purchased with Bitcoin. In May 2010, software developer Laszlo Hanyecz published an online post offering 10,000 BTC, which was valued at about $41 at the time, in exchange for two Papa John's pizzas. At current market prices, the BTC is worth more than $767 million, and at the all-time high of about $126,000 reached in October 2025, the 10,000 BTC was valued at more than $1.2 billion. Nischal Shetty, the founder of crypto exchange WazirX, said: Read more -
Cointelegraph.com - 22:12 May 22, 2026
US President Donald Trump has repeatedly said he wants the Federal Reserve to lower interest rates, but investors forecast no chance of a rate cut in 2026. Kevin Warsh was sworn in on Friday as the chairman of the United States Federal Reserve, but investors and traders still forecast no interest rate cuts for the rest of 2026. Speaking at the ceremony, US President Donald Trump said that Warsh will remain “independent” of the Executive Branch regarding interest rate policy, and claimed that employment numbers are at record levels. “Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that's a good thing,” Trump said. He added: Read more
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