Cointelegraph.com
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Cointelegraph.com - 10:40 May 06, 2026
US spot Bitcoin ETFs posted $999 million in inflows over two trading days as Bitcoin moved back above $80,000. Spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded almost $1 billion in inflows since the cryptocurrency reclaimed $80,000. Bitcoin ETFs posted $467.4 million of inflows on Tuesday as BTC surged past $81,000, extending Monday’s $532 million inflows, according to SoSoValue data, bringing the two-day total to more than $999 million. The latest inflows follow April’s $1.97 billion in total net inflows, pointing to strong demand as Bitcoin's rebound continues. Read more -
Cointelegraph.com - 10:15 May 06, 2026
OKX Card data shows most crypto spending in Europe is on groceries and dining, signaling growing everyday use over luxury purchases. OKX Card users in Europe spent mostly on groceries, restaurants and other routine purchases in the product’s first month, according to transaction data shared Wednesday. In the first month of use across the European Economic Area (EEA), grocery stores and supermarkets accounted for 26% of all OKX Card transactions, while restaurants and fast food together made up 18%, ahead of travel and online marketplaces, according to the data. The analysis covers settled purchase transactions made with the OKX Card in the EEA between Jan. 28 and Feb. 26, across the top 20 merchant types by transaction count, volume or unique users, the company said. Read more -
Cointelegraph.com - 07:37 May 06, 2026
BG Wealth Sharing, according to authorities, claimed to provide guidance on crypto trading, advertised heavily on social media and offered “daily profit opportunities.” Investment group BG Wealth Sharing, a suspected $150 million crypto Ponzi scheme, has had its domain seized by law enforcement days after allegedly rug-pulling users. Onchain sleuth ZachXBT said on X on Tuesday that “illicit actors” connected to the group tried to launder more than $92 million in crypto between April 27 and Sunday, but he helped lead an initiative that froze more than $41 million, working alongside Tether, Binance, OKX and US law enforcement. He also said the scheme was likely responsible for losses greater than $150 million, given it’s been operating since 2025 and the “thousands of victim exchange withdrawals identified.” Read more -
Cointelegraph.com - 07:24 May 06, 2026
Andreessen Horowitz’s crypto investment arm said its new fund would seek to back projects that “people keep using when the hype fades.” The crypto-focused arm of venture capital firm Andreessen Horowitz has raised $2.2 billion for its fifth fund dedicated to backing crypto projects. In a blog post on Tuesday, a16z Crypto said its latest fund, Crypto Fund 5, would back founders “turning new infrastructure into products people use every day,” including stablecoins, perpetual futures, prediction markets and tokenized assets. “Software is getting more complex and harder to trust,” a16z Crypto general partners Eddy Lazzarin, Guy Wuollet, Ali Yahya and founder and managing partner Chris Dixon wrote in the blog post. Read more -
Cointelegraph.com - 07:00 May 06, 2026
The crypto exchange said eligible US users can now access up to 10x leveraged spot crypto trading through a CFTC-registered entity. Kraken has launched spot margin trading for eligible US retail users on Kraken Pro through a CFTC-registered entity, expanding access to leveraged crypto trading on a regulated domestic platform. The product allows traders to borrow against crypto holdings without selling them, offering up to 10x leverage for long and short positions, according to the company. Kraken said the platform displays liquidation prices and borrowing costs before trades are executed. The crypto exchange said regulated margin trading in the United States has historically been limited to institutions and high-net-worth individuals classified as Eligible Contract Participants, pushing many retail traders toward offshore platforms offering leverage products. Read more -
Cointelegraph.com - 07:00 May 06, 2026
SIX Group received FINMA approval to provide crypto custody through the same regulated infrastructure used for traditional securities settlement and post-trade services. SIX Group said it has received approval from Swiss regulator FINMA to integrate crypto custody into its central securities depository infrastructure, allowing financial institutions to access digital asset custody through the same regulated post-trade system used for traditional securities. The approval also allows SIX to merge its digital central securities depository, SIX Digital Exchange, into SIX SIS AG, consolidating digital and traditional asset services under a single legal entity. SIX said the structure is intended to give institutions a single infrastructure layer for settlement and custody across both traditional and digital assets. Read more -
Cointelegraph.com - 06:55 May 06, 2026
Anchorage’s new product enables AI agents to have compliant access to capital across traditional finance and crypto payment rails. Crypto bank Anchorage is launching a new agentic banking service, seeking to give AI agents the ability to access and move money without human interference — an industry that could be worth a trillion dollars, according to its co-founder. In an X post on Tuesday, Anchorage co-founder and CEO Nathan McCauley said the firm's new agentic banking infrastructure gives AI agents the ability to access both traditional finance and crypto payment rails. Blockchain and tech companies have been rushing to prepare themselves for the future of agentic commerce. Firms such as Stripe argued in February that blockchains will need to eventually be able to process between 1 million and 1 billion transactions per second to handle the network demand coming from AI agents. Read more -
Cointelegraph.com - 22:20 May 05, 2026
Investors back a model that moves insurance risk and capital flows onto blockchain rails, as onchain reinsurance looks to attract institutional participation. Forward Industries and crypto investment company RockawayX have co-led a strategic investment in OnRe, a startup building reinsurance infrastructure on the Solana blockchain, in a move aimed at bringing traditional risk-transfer markets onto decentralized rails. The companies said Tuesday they co-led OnRe’s $5 million Series A round, with Forward planning to allocate up to $25 million into the platform’s yield-bearing token on Solana. The funding will be used to expand OnRe’s platform and attract more institutional participants to onchain reinsurance, a niche but emerging segment within decentralized finance. Read more -
Cointelegraph.com - 22:08 May 05, 2026
Brad Garlinghouse addressed attendees at a Tuesday crypto conference on the progress of the CLARITY Act after US lawmakers announced a compromise on stablecoin yield that could advance the legislation. Brad Garlinghouse, CEO of Ripple Labs, warned Tuesday that recent progress on the digital asset market structure bill in the US Senate did not guarantee success for the legislation, speculating that the next two weeks would be crucial. Speaking at the Consensus crypto conference in Miami, Garlinghouse said that the likelihood of the market structure bill, the CLARITY Act, passing would “drop precipitously” if not addressed in the next two weeks. According to the Ripple CEO, the bill would be “too much of a loaded issue” amid campaigns for the 2026 US midterms, with primaries ongoing until the November elections. “Do I think it's perfect? Hell no,“ said Garlinghouse, referring to CLARITY. “I challenge you to show me any piece of legislation that we would call perfect. There's tradeoffs and compromises, but I do ... -
Cointelegraph.com - 21:30 May 05, 2026
Prophet, an AI-native prediction market platform, has launched its first live trading tranche, introducing a system where an AI model acts as the counterparty to user trades using real capital. Cape Town, South Africa, May 5, 2026 — Prophet, an AI-native prediction market platform, has launched its first live trading tranche, introducing a system where an AI model acts as the counterparty to user trades using real capital. The initial deployment allocates $10,000 in USDC to an AI-powered trading system and opens participation to users on the platform. Instead of matching buyers and sellers, the system allows users to trade directly against the AI, which generates probability-based pricing for each market. Prophet’s “Tranche 1” is a limited-access deployment designed to test the system under live market conditions. Users who deposit gain the ability to create markets, with the AI pricing each market upon creation. Once live, markets can be traded by other participants. Read more -
Cointelegraph.com - 21:13 May 05, 2026
Short liquidations and rising open interest may be signs of the bulls’ plan to push the Bitcoin price closer to $90,000. Bitcoin (BTC) may have a clear path to $90,000 after $7.9 billion in short liquidations in February put pressure on the bears. Data show liquidations came in three waves that extended from February through April. The liquidations highlight a growing imbalance as BTC traders continue to build short positions above $80,000, while the price holds firm, creating repeat conditions for future short squeezes. Bitcoin researcher Axel Adler Jr. tracked over $7.9 billion in forced short liquidations since early February. The largest spike hit $737 million on Feb. 13, followed by multiple waves through March and April. The liquidation volumes ranged from $2–28 million per day before jumping back to $175 million on May 4. That spike came during a quiet week, pointing to renewed short exposure near $80,000. The pattern shows consistent reloading of bearish positions at higher levels. Read more -
Cointelegraph.com - 20:42 May 05, 2026
Days before an Indiana primary, the Defend American Jobs PAC reported spending about $514,000 on media in support of a Republican House member running for reelection in the state‘s 4th Congressional District. Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana. According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indiana's 4th Congressional District. The spending was the latest in Fairshake’s spending on the 2026 US elections ahead of today's Indiana primary elections. Source: FEC Read more -
Cointelegraph.com - 19:11 May 05, 2026
Regional lenders gain access to infrastructure for stablecoins, tokenized deposits and crypto-backed lending without building systems in-house, signaling wider bank adoption. The Tennessee Bankers Association (TBA), a trade group representing the state’s commercial banks, has selected Stablecore as a preferred technology provider for digital asset services, highlighting growing interest among regional lenders in crypto infrastructure. In a Tuesday announcement, the TBA said Stablecore will provide infrastructure that enables community and regional banks to offer products such as stablecoins, tokenized deposits and digital asset-backed lending through their existing systems. The endorsement gives Stablecore exposure to the association’s roughly 175 member institutions, potentially accelerating adoption among smaller banks that lack in-house digital asset capabilities. Read more -
Cointelegraph.com - 18:35 May 05, 2026
Improving investor confidence supports Bitcoin’s hold on $80,000, as the Crypto Fear and Greed Index exited the “Extreme Fear” zone and now reads “neutral.” Are the bulls back in control? The Crypto Fear and Greed Index hit 50 on Tuesday, measuring “neutral” for the first time since Jan. 17. This shift ended a 108-day stretch dominated by negative sentiment. The index gauges market sentiment using volatility, momentum, trading volume, and social signals. A score below 25 signals "extreme fear" or risk aversion, while 26–49 reflects cautious positioning or “fear,” with higher readings indicating improving investor confidence. Crypto Fear and Greed Index. Source: Alternative.me The index's move to 50 marks its first neutral score since mid-January and follows a steady recovery in the total crypto market capitalization, which rose 5.45% in May. Since March, the market has expanded by 16.51%, climbing to $2.66 trillion from $2.28 trillion. Read more -
Cointelegraph.com - 18:01 May 05, 2026
While Roni Cohen-Pavon’s lawyers have asked for time served, US Attorney Jay Clayton was unspecific in the federal government’s recommendation, requesting the judge defer to sentencing guidelines. Federal prosecutors are recommending a light sentence for Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius. In a Monday letter filed in the US District Court for the Southern District of New York (SDNY), US Attorney Jay Clayton cited Cohen-Pavon’s “substantial assistance” to the government, by being prepared to testify against former Celsius CEO Alex Mashinsky. Prosecutors did not request a specific amount of time for the former chief revenue officer to spend in prison, instead asking the judge to consider the sentencing guidelines for an “appropriate sentencing reduction for a defendant who has rendered substantial assistance.” Read more -
Cointelegraph.com - 17:06 May 05, 2026
Bernstein points to Figure’s expansion beyond home equity lending into blockchain-based credit, as tokenization begins to scale across broader loan markets. Shares of Figure Technology Solutions have risen nearly 10% over the past month, but the stock still appears undervalued as the company pivots beyond its roots as a fintech lender, according to Bernstein. In a Tuesday research note, the firm reiterated its “Outperform” rating on Figure (FIGR), with a $67 price target, implying roughly 67% upside from current levels, and maintained its previous outlook. Read more -
Cointelegraph.com - 17:02 May 05, 2026
XRP price broke out of a multi-month bull flag, while other chart technicals are also supporting more upside in the near term. XRP (XRP) is currently displaying a technical pattern that follows a 2025 fractal that produced 66% gains. The daily chart shows XRP price breaking out of a bull flag, which can also result in massive gains. Key takeaways: Read more -
Cointelegraph.com - 14:31 May 05, 2026
Kaiko said open interest, funding rates and wallet activity showed repeated pre-announcement positioning before several Robinhood token listings. Open interest in perpetual futures markets and onchain trading patterns suggest some traders may have positioned ahead of Robinhood crypto listing announcements, according to a Monday report from analytics provider Kaiko. One of the clearest examples was wallet address '0xa1E,' which Kaiko said opened a long position on Lighter (LIT) on decentralized exchange Hyperliquid at 11:05 am UTC on Jan. 15, about an hour before Robinhood announced the token’s listing at 12:12 pm The wallet closed the position at 1:00 pm, shortly after the announcement. Kaiko said the same address later opened a short position on a HOOD-linked perpetual contract on April 28, hours before Robinhood reported first-quarter revenue that missed analyst expectations. The trader closed the short later that day after HOOD moved lower. Read more -
Cointelegraph.com - 14:00 May 05, 2026
The data blockchain securing onchain finance projects looks to provide lenders and borrowers with agreement-specific collateral solution. Space and Time (SXT), a level-1 data blockchain that secures onchain finance projects, has launched a virtual vault platform that it says is purpose-built for institutional lending. The Microsoft-backed blockchain said on Tuesday that its new virtual vaults can be configured by institutional lenders and borrowers to their specific agreement, with cryptographically verified, continuously updated visibility into borrower collateral across the centralized exchanges and decentralized finance (DeFi) protocols where it actually sits. Real-time verification of collateral has long vexed the institutional lending sector, with generic solvency metrics falling short of practical needs. Read more -
Cointelegraph.com - 13:58 May 05, 2026
Binance will shift to an orderbook-weighted pricing model for commodity perpetual futures during off-hours, potentially changing margin and liquidation behavior. Binance will change how it calculates benchmark prices for commodity-based perpetual futures during off-hours, a move that could affect margin and liquidation levels during weekends, holidays and maintenance periods, according to an exchange notice published Tuesday. The update will take effect on Friday at 9:00 pm UTC. The exchange will replace its current fixed pricing method with an Orderbook EWMA model for commodity-based traditional finance (TradFi) perpetual contracts. EWMA, or exponential weighted moving average, uses orderbook data that is smoothed over time rather than relying on a fixed reference price during periods of lower activity. Binance said the change will apply during daily maintenance windows as well as weekends and holidays, when trading activity is typically reduced. Read more
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