Cointelegraph.com
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Cointelegraph.com - 18:58 May 06, 2026
The company also announced a new AI energy leasing deal as it continues to diversify into adjacent high-performance computing applications. Investors appeared to disregard Hut 8's reported first quarter 2026 net loss of more than $253 million on Wednesday, lifting the shares of the Bitcoin mining company by more than 33%. Hut 8 attributed the loss to a reduction in the market value of its Bitcoin (BTC) holdings, which fell from a high of over $126,000 apiece in October to a low of $60,000 in February. Revenue for quarter totaled more than $71 million, down by about 22% from the previous period's $88.4 million, according to Hut 8’s earnings statements. Analysts had forecast $78.5 million, according to FactSet. Read more -
Cointelegraph.com - 18:31 May 06, 2026
Representative James Baird won the Republican primary for Indiana's 4th district on Tuesday after receiving an endorsement from Donald Trump and supportive spending from a crypto-backed PAC. A Republican US House of Representatives member running for reelection has won his party’s primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys. Representative James Baird won Tuesday's Republican primary for Indiana House District 4 with more than 60% of the vote, beating challenger Craig Haggard and others. Beginning with his first term, in January 2019, Baird consistently supported legislation considered favorable to the crypto industry, including the GENIUS stablecoin act and the market structure bill, the CLARITY Act. Read more -
Cointelegraph.com - 17:34 May 06, 2026
Bitcoin sellers may show up if BTC hits $84,000, but altcoin charts continue to predict new price highs. Key points: Bitcoin (BTC) rallied above $82,800 on Wednesday, but bulls were unable to hold the higher levels. However, a positive sign for the bulls is that BTC exchange-traded funds recorded $1.63 billion in net inflows in May, according to SoSoValue data. That suggests investors are building positions as they anticipate the uptrend to continue. Analyst PlanC said in a post on X that BTC was about to enter its first supercycle, which began at the bear-market low of $16,000 in Nov. 2022. He expects BTC to rise above $250,000 in the second half of 2027 to the first half of 2028. Read more -
Cointelegraph.com - 17:25 May 06, 2026
The FINMA-regulated bank's institutional clients will get access to trading and holding Canton Coin through a banking platform instead of crypto-native venues. Swiss crypto bank Amina has added custody and trading support for Canton Coin, becoming the first regulated bank to offer services for the token tied to the Canton Network, an institutional-focused network. In a Wednesday announcement, Amina said clients will gain regulated access to the Canton Network, a public blockchain designed for capital markets and tokenized finance. The network was developed by Digital Asset and is backed by the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs and Citadel. The move allows institutional clients to hold and trade Canton Coin through a banking platform regulated by the Swiss Financial Market Supervisory Authority (FINMA) rather than relying on a crypto-native exchange or custodian, potentially supporting companies that use Canton for tokenization and settlement. Read more -
Cointelegraph.com - 16:32 May 06, 2026
Ether could rise as high as $3,500 in the coming days, fueled by rising balances in Ethereum accumulation wallets and a strengthening technical structure. Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400. Key takeaways: Ether’s investor confidence has returned following its 39% recovery from a multi-year low below $1,750. Read more -
Cointelegraph.com - 15:37 May 06, 2026
Bitcoin price action failed to revisit the $83,000 mark after US-Iran war tensions took over to steer the crypto market mood. Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal. Key points: Data from TradingView showed a new local peak for BTC/USD of $82,833 on Bitstamp. Read more -
Cointelegraph.com - 15:08 May 06, 2026
The Wall Street bank is charging 50 basis points per crypto trade, below basic retail pricing at Coinbase, Robinhood and Charles Schwab. Morgan Stanley has rolled out a cryptocurrency trading pilot on its E*Trade platform, charging lower basic retail fees than some of the largest US crypto and brokerage platforms. The Wall Street bank is charging clients 50 basis points on the dollar value of each crypto transaction, undercutting Coinbase, Robinhood and Charles Schwab on standard retail pricing, according to a Tuesday Bloomberg report. The offering is currently in pilot mode, with E*Trade’s 8.6 million clients expected to gain access later this year, Bloomberg reported. Read more -
Cointelegraph.com - 14:55 May 06, 2026
The crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins. As the UK considers options to attract and develop the crypto industry at home, the Bank of England (BOE) has put forward several proposals for how it might regulate stablecoins to mitigate perceived financial risks. These have included a ban on custodial wallets for stablecoin holdings. The UK crypto industry, from stablecoin issuers to Bitcoin hardliners, has predictably taken issue with the ban. “This would be a serious misstep for the UK, risking long-term damage that is hard to unwind,” said Benoit Marzouk, CEO of stablecoin issuer tGBP told Cointelegraph. Read more -
Cointelegraph.com - 14:20 May 06, 2026
Your guide to the top global crypto hubs for adoption, business and digital nomading — and the surprise crypto hub few people are aware of. -
Cointelegraph.com - 14:00 May 06, 2026
OpenTrade raised $17 million to expand its stablecoin yield platform, bringing total funding above $30 million as it scales stablecoin yield infrastructure for global clients. OpenTrade, an institutional-grade platform for onchain and real-world asset (RWA)-backed lending and stablecoin yield products, has raised fresh capital to expand its yield infrastructure. The platform secured $17 million in its latest strategic funding round led by Mercury Fund and Notion Capital, OpenTrade said in a Wednesday announcement seen by Cointelegraph. The new funding will support the continued expansion of OpenTrade’s permissioned and permissionless yield infrastructure, as well as the growth of its vault-focused service Curation+, CEO David Sutter told Cointelegraph. Read more -
Cointelegraph.com - 13:47 May 06, 2026
Remittance firms are using crypto to bypass parts of traditional settlement infrastructure, but this does not mean SWIFT is disappearing. Some of the world’s largest remittance providers are accelerating their digital asset strategies as they look for faster settlement alternatives to traditional banking rails. Western Union’s new stablecoin USDPT is the latest example of the growing overlap between traditional payments firms and crypto infrastructure. The money transfer company launched its Solana-based stablecoin on Monday in the Philippines and Bolivia, with plans to expand into additional markets throughout 2026. Western Union CEO Devin McGranahan said in the company’s Q1 earnings call that the stablecoin will be used as an alternative settlement layer to the decades-old SWIFT network. Read more -
Cointelegraph.com - 13:20 May 06, 2026
The Korea Securities Depository platform is expected to go live by February 2027, aligning with South Korea’s incoming security token framework. Samsung SDS, Samsung’s information technology services subsidiary, will reportedly build a token securities platform for the Korea Securities Depository (KSD), moving South Korea’s central securities depository closer to operating blockchain-based securities infrastructure as the country prepares a legal framework for tokenized assets. Samsung SDS won a contract to build and operate the platform for KSD, according to local reports from Yonhap News Agency and The Korea Times. The project is expected to be completed by February 2027 and will convert a technology verification testbed into a formal system capable of stable service operations. KSD plans to link its existing electronic securities account system with blockchain-based distributed ledger data to strengthen tokenized securities issuance and rights management, according to the reports. Read more -
Cointelegraph.com - 13:17 May 06, 2026
Robinhood’s ZEC listing, easing US–Iran tensions and a shrinking liquid supply of tokens are further strengthening the bullish outlook for Zcash in the coming weeks. Zcash (ZEC) has outperformed the broader crypto market over the past month, rising by over 125% compared to an average 15% gain for most coins. ZEC/USD versus TOTAL crypto market cap 3o-day performance chart. Source: TradingView Read more -
Cointelegraph.com - 12:51 May 06, 2026
Bubblemaps said it identified a large wallet cluster that accumulated 90% of the Mystery token’s supply at launch, raising concerns around the token’s distribution. Blockchain analytics platform Bubblemaps said 90 newly funded wallets bought 90% of Mystery (MYSTERY) memecoin supply at launch, raising concerns about coordinated sniping. The wallets were all funded by wallet "0x544E," which previously withdrew and distributed 20 Ether from crypto exchange Binance. After buying up 90% of the supply at launch, the wallet cluster sold about $100,000 worth of tokens and still holds 40% of the supply, said Bubblemaps in a Tuesday X post. The analytics company described the pattern as a “textbook scam.” Sniping refers to using bots or automated trading tools to buy newly launched tokens immediately after trading opens, often before ordinary traders can react. The findings highlight how automated buying and coordinated wallet clusters can dominate thinly traded memecoin launches, leaving later buyers exposed to sharp ... -
Cointelegraph.com - 12:29 May 06, 2026
Linea Consortium board director Declan Fox said the move gives its technology a neutral, foundation-governed home. Linea Consortium has joined Linux Foundation Decentralized Trust (LFDT) as a premier member and contributed the open-source zero-knowledge (ZK) rollup stack powering Linea as a new code project called Lineth. The contribution places Linea’s core layer-2 technology under LFDT's open-source governance framework, rather than the control of any single company, Linea Consortium said in a release on Tuesday, positioning the move as a step toward decentralization. However, the contribution concerns governance of Linea’s open-source technology stack, not necessarily the decentralization of the Linea network itself. Linea Consortium board director Declan Fox will join the LFDT governing board alongside representatives from companies like Consensys, Hedera, Kaleido, OpenAssets and Shielded Technologies. Read more -
Cointelegraph.com - 12:10 May 06, 2026
Bitcoin’s onchain data suggests that the upside may not be over for BTC price, but resistance at $84,000 could delay the recovery. Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240. Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000. Read more -
Cointelegraph.com - 12:03 May 06, 2026
The plaintiff says Coinbase froze traceable assets from a 2024 DAI phishing theft but refused to return them without a court order. Cryptocurrency exchange Coinbase was sued in California federal court over frozen crypto allegedly tied to a $55 million DAI phishing theft from August 2024. The complaint, filed Monday in a San Francisco federal court, alleges that after laundering the proceeds through crypto mixer Tornado Cash, the attacker deposited part of the “traceable stolen funds” into a Coinbase retail user account, where the funds remain frozen. The Puerto Rico-based plaintiff is asking the court to declare him the rightful owner of the frozen assets and order Coinbase to return them. The lawsuit also names an unknown John Doe defendant accused of carrying out the theft. Read more -
Cointelegraph.com - 11:40 May 06, 2026
CME to launch CFTC‑regulated Bitcoin Volatility futures in June, giving institutions an onshore way to trade implied BTC volatility. CME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review, giving investors a compliant way to trade expected Bitcoin volatility rather than price direction, according to a company release published Tuesday. The Chicago-based derivatives marketplace said the contracts will settle to the CME CF Bitcoin Volatility Index, a 30-day measure of expected Bitcoin volatility derived from CME options markets. CME describes the new contracts as Commodity Futures Trading Commission (CFTC)-regulated futures aimed specifically at Bitcoin volatility, extending the existing US regulatory framework that already covers CME’s Bitcoin and Ether derivatives. Read more -
Cointelegraph.com - 11:20 May 06, 2026
Bitcoin price analysis saw $84,000 as bulls' "most critical" reclaim target as the risk of new $50,000 lows returned to the radar. Bitcoin (BTC) is approaching its “most critical” resistance hurdle of the bear market, new BTC price analysis says. Key points: Read more -
Cointelegraph.com - 11:00 May 06, 2026
A new era of on-chain trading transparency. Atlas Live enables traders to analyze token concentration and spot potential rug pulls. Now in real time. A new era of on-chain trading transparency. Atlas Live enables traders to analyze token concentration and spot potential rug pulls. Now in real time. Odense, Denmark, May 6, 2026 – InsightX, the on-chain safety and analytics platform, launches Atlas Live, the world's first real time token holder map. InsightX is best known for Atlas, a holder visualization tool used by millions of traders each month. It simplifies token ownership at a glance, with clustering patterns revealing potential coordinated wallet activity. Atlas is integrated across major platforms including Pump.fun, Axiom, Terminal and GMGN. Read more
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