Cointelegraph.com
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Cointelegraph.com - 19:33 May 22, 2026
Bitcoin sold off to $76,000, giving bears an opportunity to reclaim control of the crypto market. Meanwhile, altcoins like HYPE charted new highs. Key points: Bitcoin (BTC) has dipped below $77,000, indicating that the bears are attempting to seize control. Glassnode said the true market mean at $78,300 has historically acted as a dividing line between bear and bull market regimes. If the price breaks sharply below the level, it suggests that the recent rally may have been a “local top within the ongoing bear market.” Institutional investors seem to be selling, as evidenced by the sharp decline in the Coinbase premium over the past few days. LVRG research director Nick Ruck told Cointelegraph that the decline of the Coinbase premium signals selling from large holders, which “could weigh on near-term price momentum across major crypto assets.” Read more -
Cointelegraph.com - 17:20 May 22, 2026
Representative James Comer asked CEOs of two major prediction market companies for information on their responses to insider trading after “suspiciously timed trades” related to US military actions against Iran. Update (May 22 at 7:40 pm UTC): This article has been updated to include statements from Polymarket and Kalshi. The chair of the US House of Representatives’ Oversight and Government Reform Committee sent letters to the CEOs of Kalshi and Polymarket, questioning the companies’ response to incidents of insider trading on the platform. In a Friday X post, Committee Chair James Comer confirmed reports that he had sent letters to Polymarket CEO Shayne Coplan and Kalshi CEO Tarek Mansour, asking them for internal records on how the companies were handling insider trading. The Kentucky lawmaker said there were concerns in Congress over elected officials using “basic insider knowledge” to profit off the government’s actions. Read more -
Cointelegraph.com - 17:01 May 22, 2026
NEAR price surges 50% in a week as AI token momentum, Nvidia optimism and network upgrades fuel bullish sentiment. NEAR Protocol (NEAR) displayed strength on Friday, rising 34% over the last 24 hours to $2.32, leading artificial intelligence-based tokens in a rally fueled by NEAR’s network upgrades and NVIDIA's bullish revenue forecast. NEAR is trading 50% higher than its price seven days ago and has gained a whopping 115% over the last 90 days. Key takeaways: Read more -
Cointelegraph.com - 16:02 May 22, 2026
Institutional crypto adoption accelerates as Tether expands Bitcoin holdings, miners pivot to AI and Polymarket joins Nasdaq amid $1 billion fund outflows. Institutional adoption continued to reshape the digital asset market this week, even as geopolitical tensions reminded investors that crypto remains sensitive to broader macro conditions. Digital asset funds suffered more than $1 billion in outflows as traders reduced risk exposure amid fading hopes for a durable ceasefire between the United States and Iran. At the same time, Tether tightened its grip on Twenty One Capital, Bernstein argued that Bitcoin miners are carving out a strategic role in the race to build artificial intelligence infrastructure, and Polymarket teamed up with Nasdaq to launch prediction markets tied to private companies. This week’s Crypto Biz underscores how institutions continue to influence the digital asset ecosystem. Read more -
Cointelegraph.com - 15:40 May 22, 2026
Bitcoin headed lower as Wall Street trading began with new record highs for the Dow Jones, while traders warned of weak US demand. Bitcoin (BTC) faced familiar selling pressure on Friday as US stock markets began setting fresh record highs. Key points: Read more -
Cointelegraph.com - 14:42 May 22, 2026
ICE and OKX plan to launch oil-linked perpetual futures based on Brent and WTI benchmarks, bringing crypto derivatives further into traditional energy markets under licensing restrictions. Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), is working with crypto exchange OKX to launch trading of oil-linked perpetual futures. OKX said Friday it plans to introduce perpetual futures based on ICE’s Brent crude and West Texas Intermediate (WTI) crude benchmarks, two of the world’s most widely used oil price indicators, according to a release shared with Cointelegraph. “These new OKX perpetual contracts, based on ICE’s deep, liquid, transparent, and global oil markets, allow OKX’s customer base [...] to access energy benchmark products,” said Trabue Bland, ICE’s senior vice president of futures exchanges. Read more -
Cointelegraph.com - 14:25 May 22, 2026
MARA spent $4.3 million on CEO Fred Thiel’s security in 2025, including vehicle armoring, as crypto wrench attacks increased globally. Bitcoin miner MARA Holdings spent $4.3 million on personal security for CEO Fred Thiel in 2025, including $430,780 to armor a vehicle, as crypto companies respond to rising physical attacks on industry executives and investors. MARA, the seventh-largest Bitcoin mining company worth more than $5 billion, also spent about $58,810 on Thiel's home security installations and reported additional expenses related to the security measures of other executives, according to its DEF 14A filing with the US Securities and Exchange Commission on April 30. The filing shows that MARA spent a total of $4.3 million on Thiel's security during fiscal year 2025, including the armored vehicle, bodyguards and home security fortifications. Read more -
Cointelegraph.com - 13:54 May 22, 2026
SpaceX’s IPO could turn the Mag 7 into a Mag 8, with Tesla and SpaceX comprising 25% of the group's Bitcoin balance-sheet exposure. Elon Musk's rocket and satellite company SpaceX is planning a $75 billion IPO in June, which could make it the largest near-term public listing with a major Bitcoin treasury. Key takeaways: SpaceX disclosed 18,712 BTC in its recent S-1 filing, worth roughly $1.45 billion, making it the largest known Bitcoin holder among companies preparing for, or recently filing for, a public listing. Read more -
Cointelegraph.com - 13:51 May 22, 2026
Repeated bridge exploits and shrinking yields are making institutions question whether DeFi’s risks still justify the returns, says Symbiotic’s Putiatin. Security exploits are weighing on institutional appetite for decentralized finance (DeFi), even as broader crypto adoption continues through stablecoins and tokenized assets. In an April research note, JPMorgan analysts said that bridge security remains a challenge for the industry, raising questions on whether DeFi can grow to support further institutional adoption. The recent exploit on the Versus-Ethereum bridge was the eighth major attack against DeFi bridges in 2026 so far, with cumulative losses totalling $328.6 million. Read more -
Cointelegraph.com - 13:48 May 22, 2026
The $10.7 million THORChain exploit was caused by a GG20 vulnerability, which allowed a malicious node to reconstruct a full private key to one of its vaults. THORChain said a malicious node operator exploited a vulnerability in its GG20 threshold signature system to drain about $10.7 million from one of the protocol’s vaults. The GG20 threshold signature scheme is used to secure THORChain vaults by splitting key control across multiple node operators, meaning no single node normally holds the full private key. The vulnerability allowed the malicious node operator to reconstruct a full private key for one vault, through “progressive key material leakage,” the protocol said in a post-mortem report released on Wednesday. Read more -
Cointelegraph.com - 11:52 May 22, 2026
XRP Ledger activity surges with 4,300 new wallets created in 24 hours, but strong resistance keeps XRP price capped. XRP Ledger has seen a spike in new addresses over the last 24 hours, but overhead resistance at $1.40 kept the XRP (XRP) price in check. Key takeaways: Read more -
Cointelegraph.com - 10:57 May 22, 2026
Polymarket is reportedly seeking entry into Japan amid falling trading volumes and rising regulatory scrutiny, targeting approval by 2030. Polymarket, a global prediction market platform, is reportedly seeking entry into Japan amid growing regulatory scrutiny of the sector worldwide. The company has appointed Mike Eidlin, head of Japan at crypto firm Jupiter, to lead its local efforts and is preparing to lobby for authorization of prediction markets in the country, Bloomberg reported Friday, citing people familiar with the matter. Polymarket is targeting government approval in Japan by 2030, viewing the market as a major untapped opportunity. Read more -
Cointelegraph.com - 10:19 May 22, 2026
Polymarket said user funds and market resolution were safe after a suspected private key compromise tied to top-up operations. Polymarket confirmed a security exploit affected part of its infrastructure, pointing to a possible private key compromise involving a wallet used for top-up operations, while saying user funds and market resolution were safe. In a Friday X post, Polymarket developers said contracts and core infrastructure were unaffected. Polymarket product lead Akanshu Jain and multiple other Polymarket employees also said user funds and market resolution are safe. Blockchain investigator ZachXBT first flagged the exploit as a compromise to the Polymarket-linked UMA Conditional Tokens Framework (CTF) Adapter contract on Polygon, with the exploiter draining at least $520,000. Read more -
Cointelegraph.com - 09:32 May 22, 2026
The hacker behind the Verus bridge exploit returned 75% of the stolen funds as part of a recovery deal negotiated with the protocol days after the incident. The attacker behind the Verus bridge exploit has returned 4,052 Ether, worth about $8.5 million, to the project's team wallet after Verus offered a 1,350 ETH bounty for the recovery of most of the stolen funds. The return represents about 75% of the stolen funds, with the exploiter retaining 1,350 Ether (ETH), worth about $2.8 million as a bounty, according to blockchain security firm PeckShield on Friday. Verus had offered the bounty a day earlier, saying it would treat the retained ETH as a reward if the exploiter returned 4,052.4 ETH to the team address within 24 hours. Read more -
Cointelegraph.com - 08:12 May 22, 2026
Bitcoin rallied for 90 days after its dip below $60,000, breaking the record for the longest uptrend within a bear market in BTC price history. Bitcoin (BTC) has trended up for 90 days and is seeing a “bull market rally,” analysis says. Key points: Read more -
Cointelegraph.com - 07:00 May 22, 2026
The transfer was executed on ADI Chain, a layer-2 blockchain designed for institutional payments, treasury operations and trade settlement. The International Holding Company (IHC) executed a 110 million dirham ($30 million) transaction using the DDSC stablecoin on ADI Chain. The company described the transfer as one of the largest disclosed stablecoin transactions executed in the United Arab Emirates. The transaction follows recent approval from the UAE central bank for the dirham-backed stablecoin ecosystem launched by IHC, First Abu Dhabi Bank and Sirius International Holding. DDSC operates on ADI Chain, a layer-2 blockchain developed by ADI Foundation. According to the announcement, the system is designed for institutional use cases including cross-border payments, treasury operations and trade settlement. Read more -
Cointelegraph.com - 07:00 May 22, 2026
The proposed fund would use covered-call and short-term options strategies designed to generate monthly income alongside Bitcoin exposure through a leveraged structure. Hamilton ETFs filed a preliminary prospectus in Canada for an actively managed Bitcoin income exchange-traded fund (ETF) that would use leverage and short-term options strategies to generate yield alongside Bitcoin exposure. The proposed Hamilton Enhanced Bitcoin DayMAX ETF would use covered-call strategies and leverage capped at roughly 25% of net asset value. The strategy is designed to generate income by collecting premiums from short-term options contracts tied to Bitcoin (BTC) price movements. The fund is intended to combine Bitcoin exposure with monthly income generation. The company said the ETF would seek listing approval on Cboe Canada under the ticker symbol BDAY. Read more -
Cointelegraph.com - 06:56 May 22, 2026
TradFi views the breakup of its previously consolidated, centralized liquidity as a “serious structural threat,” said Tiger Research director Ryan Yoon. The US Securities and Exchange Commission’s move to allow third parties to list tokenized stocks could risk two structural disruptions with liquidity and revenue fragmentation, according to Tiger Research. Liquidity fragmentation may occur as capital disperses from centralized exchanges across multiple blockchain platforms, said Tiger Research director and head of research Ryan Yoon on Friday. "Traditional finance views the breakup of its previously consolidated, centralized liquidity as a serious structural threat,” said Yoon. Read more -
Cointelegraph.com - 06:45 May 22, 2026
Galaxy Digital’s Mike Novogratz reportedly told a court the SEC made it “very difficult” to complete a planned 2021 merger with BitGo. Galaxy Digital founder Mike Novogratz appeared in court on Tuesday to face off against BitGo CEO Mike Belshe in a long-running legal fight over a failed proposed $1.2 billion merger in 2021. The planned deal was the largest-ever crypto merger at the time, set to create a massive conglomerate offering a suite of services at a time when investor interest in crypto was high. Galaxy called off the deal in August 2022 as the crypto market was reeling from the collapse of the Terra ecosystem. BitGo has asked Galaxy to pay a $100 million fee for pulling out of the deal and also hid it was being probed by US authorities, while Galaxy has claimed BitGo failed to provide financial information on time. Read more -
Cointelegraph.com - 06:35 May 22, 2026
An executive at tokenization platforms Superstate said the stricter approach suggested by Hester Peirce would enable DeFi to expand without compromising rules in traditional capital markets. US Securities and Exchange Commissioner Hester Peirce has told the crypto industry to cool its expectations about a potential “innovation exemption” to allow tokenized stock trading after a report earlier this week about what it could entail. Her comments were made after a Bloomberg report on Monday. Brett Redfearn, president of tokenization platform Securitize, expressed concern following the report, arguing that enabling third parties to tokenize stock “without an issuer at the table” could lead to fragmentation issues. In a post to X on Thursday, Peirce said her expectation has always been that any exemption would be “limited in scope” by only permitting “digital representations of the same underlying equity security that an investor could purchase in the secondary market today.” Read more
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