Found 9894 news
While Senator Tim Scott touted yesterday’s markup as bipartisan, just two Democratic senators supported the bill, and no Democratic amendments were adopted. The US Senate Banking Committee passed the crypto framework CLARITY Act yesterday. Now, the bill, for which the crypto industry has heavily lobbied since it was introduced in 2025, will head to the Senate floor for a broader debate. As Cointelegraph reported, over 100 amendments were proposed while lawmakers hashed out the exact language of the bill. These covered a wide range of issues, including ethics, AI sandboxes and stablecoin yields. Read more
Bitcoin joined stocks in a sell-off over US bond yields as BTC price action eyed its lowest levels for May after giving up gains. Bitcoin (BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets. Key points: Read more
BloFin, a prominent global cryptocurrency exchange, has officially opened registration for its highly anticipated trading competition, the WOW (War of Whales) 2026 Grand Prix. May 15, 2026, Press release – BloFin, a prominent global cryptocurrency exchange, has officially opened registration for its highly anticipated trading competition, the WOW (War of Whales) 2026 Grand Prix. Returning bigger and bolder than ever, this year's edition boasts an extraordinary total prize pool of up to $5,000,000 USDT, exclusive luxury giveaways, and a groundbreaking new twist — for the first time, human traders will go head-to-head against AI in a battle to claim the title of the ultimate whale. Under the rallying cry "Squad Up. Beat AI.", WOW 2026 is set to become one of the most dynamic and forward-looking trading events of the year, bringing together crypto traders, elite squads, and algorithmic challengers worldwide. Read more
Polish lawmakers approve a Ministry of Finance-backed crypto bill to implement the EU MiCA framework in a 241–200 vote after repeated vetoes. Polish lawmakers approved a government-backed bill Friday to bring the country’s crypto market under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, after President Karol Nawrocki twice vetoed earlier versions. The vote took place on Friday during the 57th sitting of the Sejm in Warsaw, where lawmakers adopted the legislation in a 241–200 decision, according to official parliamentary records. Backed by the Ministry of Finance, the approved bill (No. 2529) designates the Polish Financial Supervision Authority (KNF) powers to oversee market participants, impose administrative sanctions and temporarily block accounts and transactions. Read more
Bitcoin’s break above $82,000 and a return of strong institutional demand are prerequisites to confirm a trend change for BTC price. Bitcoin’s (BTC) Thursday rally to $82,000, buoyed by the Senate Banking Committee's advancement of the CLARITY Act, has stalled amid stiff overhead resistance and weakening ETF demand. Still, analysts said that BTC’s upward momentum may increase if key conditions are met. Key takeaways: Data from TradingView showed BTC tested overhead resistance at $82,000, which has rejected the price since last week. Read more
South Korea's FSC is preparing detailed rules for tokenized securities before a legal framework for blockchain-based securities takes effect in February 2027. South Korea’s Financial Services Commission (FSC) plans to release detailed tokenized securities rules in July as the country prepares to bring blockchain-based securities under its capital markets framework in 2027. The measures are expected to include a roadmap for tokenizing stocks, bonds and money market funds, possible changes to over-the-counter trading limits and rules allowing some fractional investment products to pool similar underlying assets, the FSC announced on Friday at the second meeting of its public-private tokenized securities council, which was launched in March to design issuance, trading, infrastructure and settlement rules before the framework takes effect in 2027. “The goal is to make an announcement in July,” said FSC Vice Chairman Kwon Dae-young, adding that the new rules will serve for the “institutionalization” of tokenized s...
Bitcoin traders split between a "massive catch-up" with stocks and the start of its "next downtrend" as BTC price action failed to flip $82,000 to support. Bitcoin (BTC) risks starting its “next downtrend” as bulls fail to break beyond $82,000, the latest analysis warns. Key points: Read more
THORChain paused trading after ZachXBT flagged a suspected $10 million exploit spanning Bitcoin, Ethereum, BNB Chain and Base. Decentralized liquidity protocol THORChain halted trading after blockchain investigator ZachXBT flagged a suspected exploit of more than $10 million. A THORChain alerts Telegram channel showed all trading and signing halted, with a global node pause extended until block 26191149, or roughly 12 hours and 42 minutes. The halt came shortly after ZachXBT said the protocol had likely been exploited across Bitcoin, Ethereum, BNB Chain and Base. A wallet labeled by Arkham as the THORChain exploiter showed $10.8 million in holdings, transferred across several smaller transactions in the 30 minutes before 10:11 am UTC. Read more
Fresh US ETF launches and Coinbase’s Hyperliquid deal helped fuel HYPE’s rally this week, but technicals warn of a possible pullback. HYPE, the native token of decentralized exchange Hyperliquid, jumped more than 23% in the past 24 hours, climbing toward $47 on Friday to hit its highest level since October 2025. HYPE/USDT daily chart. Source: TradingView Read more
OKX is reportedly seeking a 20% stake in South Korean crypto exchange Coinone as foreign and domestic firms compete for market access. Global crypto exchange OKX is reportedly in talks with Korea Investment & Securities to take a major stake in Coinone, marking the latest shakeup in South Korea’s tightly regulated crypto exchange market. According to a Friday report by Korean media outlet Yonhap, the two firms are discussing plans to each acquire around 20% of Coinone, mainly through the issuance of new shares rather than the sale of existing stock, a structure that would inject fresh capital while initially leaving management control largely unchanged. In early April, Korean media reported that Korea Investment & Securities was reviewing a possible acquisition of a stake in Coinone as part of a broader push into digital assets, and that no final decision had been made. Read more
The purchase makes Hana Financial the fourth-largest shareholder in Dunamu, following several crypto-related deals in the last two months, as it dives deeper into the digital assets sector. Major South Korean financial conglomerate Hana Financial is buying a stake in Dunamu, the operator of the crypto exchange Upbit, in its latest venture into the digital assets sector, amid a broader trend of traditional financial institutions wading into the digital assets market. In a regulatory filing on Friday, Hana Financial announced it is buying more than 2.2 million shares in Dunamu, or roughly 6.55% of the company, from investment firm Kakao Investment, worth over 1.003 trillion Korean won ($668 million). Hana Financial’s 6.55% stake from Kakao makes it the fourth-largest Dunamu shareholder. South Korean outlet The Chosun Daily reported last September that major shareholders of Dunamu include its chairman Song Chi-hyung with 25.5%; Vice Chairman Kim Hyoung-nyon with 13.1%; Kakao with 10.6% and Woori Technology Inves...
Signal's vice president of strategy said the firm “would rather pull out of the country” than comply with Bill C-22, which could threaten end-to-end encryption. Privacy messaging app Signal has said it may exit Canada if forced to comply with the country's proposed lawful access bill, which would require companies to build technical surveillance capabilities that some argue could threaten end-to-end encryption. In an interview with Canadian news outlet The Globe and Mail on Thursday, Signal's vice president of strategy and global affairs, Udbhav Tiwari, argued that the bill could threaten encryption and leave private messaging services vulnerable to potential cyberattacks. Bill C-22 is part of a regulatory package introduced in March. It would require electronic service providers to build surveillance capabilities and retain certain user metadata for up to a year as part of a broader push to help law enforcement investigate crimes such as terrorism and child exploitation. Read more
Robin Singh, CEO and founder of Koinly said the changes will hurt low-income crypto investors most and could encourage more short-term trading. Australia’s proposed changes to capital gains tax could lead to smaller profits for cryptocurrency traders, especially low-income earners, and could discourage “patient investing,” according to several crypto executives. The proposed reform, announced by the ruling Labor Party on Tuesday as part of its fiscal year 2027 budget, will bring in a minimum 30% tax on capital gains and scrap the 50% capital gains tax discount on assets held for more than 12 months. Robin Singh, CEO and founder of crypto tax platform Koinly, told Cointelegraph the proposed changes are a mixed bag: The new system “theoretically” protects investors from being taxed on purely inflationary gains, but in practice, most crypto investors will pay more tax, with low-income earners hit the hardest. Read more
LayerZero has come under scrutiny since it was exploited in April, as crypto protocols reevaluate their cross-chain providers and seek safer alternatives. Crypto exchange Kraken announced Thursday that it had changed its cross-chain provider from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, joining a number of protocols that have made the move following the Kelp DAO exploit in April. Kraken said it is deprecating its existing cross-chain provider and migrating to Chainlink CCIP as its exclusive cross-chain infrastructure to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped tokens. The company added that it chose Chainlink CCIP because it “offers enterprise-grade infrastructure with strict security and risk management requirements.” These include certifications, secure-by-default design, 16 independent nodes and native rate limits. Read more
Strategy has leaned on Stretch to fund Bitcoin buys over the past 12 months as funding through senior convertible notes and at-the-market equity offerings has tightened. Strategy’s perpetual preferred stock, STRC, the company’s primary vehicle for funding its Bitcoin purchases in 2026, hit a new daily trading volume record of $1.5 billion on Thursday. “All-time high volume. $1.53B of liquidity,” chairman Michael Saylor said, referring to Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock. Stretch offers investors an 11.5% dividend without requiring the company to dilute common shares. Read more
Bullish stock dropped in trading with the crypto exchange’s first-quarter earnings miss, adding to the crypto companies that have underperformed in the quarter. Shares in the US crypto exchange Bullish fell on Thursday after the company’s first-quarter earnings missed analysts’ top and bottom line expectations. Bullish’s adjusted revenue for the quarter ended March 31 was $92.8 million, up from $62.4 million a year ago, but below Wall Street expectations of $95.4 million. The company reported a net loss of $604.9 million, deeper than its $348.6 million loss in the prior-year period. Its adjusted earnings per share were 13 cents, below estimates of 17 cents. Read more
Gemini credit card revenue surged nearly 300% to $14.7 million in Q1, attributed to significant growth in its user base. Crypto company Gemini reported a 42% year-on-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange into a financial services company. Total revenue for the Winklevoss twins' company grew 42% year-on-year to $50.3 million in the first quarter, while transaction revenue remained stable at $24 million, the company reported Thursday. However, its crypto exchange revenue decreased 27% year-on-year to $17.2 million, “reflecting lower spot trading activity and a moderation in crypto market volumes,” while total trading volume declined to $6.3 billion from $13.5 billion in Q1 2025. Read more
Dune co-founder and CEO Fredrik Haga says the company’s staff cuts come as it shifts focus and is “all-in” on AI and institutional interest in crypto. Crypto data company Dune said it is laying off 25% of its workforce, citing a need to restructure its business to focus on its core products. “We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on,” Dune co-founder and CEO Fredrik Haga posted to X on Thursday. “That unfortunately means we’ve let 25% of the team go this week.” Haga did not share the number of staff who were laid off. The company’s LinkedIn shows about 150 employees. Haga said the company remained “well capitalized” and that Dune was “all-in” on artificial intelligence and growing institutional interest in crypto. Read more
Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June. Shares in Bitcoin-focused Strive closed 5.8% higher on Thursday after the company said it will become a “daily dividend company” and revealed it eliminated all debt in the first quarter of 2026. The Vivek Ramaswamy-founded company said the Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will start paying dividends every business day beginning June 16 at a current annual dividend rate of 13%. The payouts are funded by income generated from the company’s Bitcoin treasury strategy. Strive CEO Matt Cole said the move will make it the first public company to offer daily dividends, expanding on a similar playbook adopted by Michael Saylor’s Strategy, which has relied on perpetual preferred stock offerings such as Stretch (STRC) to fund its Bitcoin purchases while paying investors...9894 items