Cointelegraph.com
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Cointelegraph.com - 14:09 Jun 01, 2026
The Kelp DAO exploiter laundered about $220 million worth of remaining stolen funds in a bid to make them untraceable, excluding the $71 million frozen by Arbitrum’s Security Council. The hacker behind the $293 million Kelp DAO exploit has laundered nearly all of the unfrozen stolen funds, or about $220 million, in just six weeks, according to Arkham data and onchain analysts. The Kelp DAO hacker-tagged wallet appears to have laundered nearly all the stolen funds, with just $1.7 million remaining traceable in the wallet, according to blockchain data provider Arkham. The malicious actor drained 116,500 Kelp DAO restaked ETH (rsETH) on April 18, pushing the total amount stolen from crypto hacks to $630 million for April. The funds were laundered in two layers: bridging to Bitcoin using crypto mixer Wasabi and then returning to Ethereum before withdrawing and depositing via mixing protocol Tornado Cash, according to onchain analyst Specter. Read more -
Cointelegraph.com - 13:50 Jun 01, 2026
The world's largest public Bitcoin holder reduced its stash to 843,706 BTC, while raising $128.3 million through Class A stock sales. [Update 1:57 P.M. UTC, June 1 -- Updates third paragraph with share price decline in Monday morning trading.] Strategy sold 32 BTC last week, its first reported Bitcoin sale since a 2022 tax-loss transaction, as the company moved to fund preferred stock distributions. Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing with the US Securities and Exchange Commission. Read more -
Cointelegraph.com - 13:20 Jun 01, 2026
Gnosis Pay faces an active exploit in its delay module as co‑founder Martin Köppelmann walks back a warning urging users to withdraw funds and vows to repay those affected. Gnosis is working to contain an exploit Monday affecting its Gnosis Pay product after co-founder Martin Köppelmann acknowledged an active hack involving the system’s delay module and said the project would cover user losses. Köppelmann initially urged users to withdraw funds, a warning quickly amplified by blockchain security firm PeckShield, which said users were strongly advised to withdraw all funds (EURe and GNO) and check exposure. The Gnosis co-founder later withdrew that advice, however, and deleted the initial tweet, saying that most users would not be able to withdraw their funds. He reiterated that the Gnosis team is “actively working to contain the damage” and will make users whole. Read more -
Cointelegraph.com - 12:40 Jun 01, 2026
MEXC, a leading 0-fee cross-asset trading platform, today announced the official launch of 'RealStocks.' Mutsamudu, Comoros, June 1, 2026 – MEXC, a leading 0-fee cross-asset trading platform, today announced the official launch of 'RealStocks.' This innovative equity product is now accessible to eligible users globally. The product seamlessly integrates real ownership rights of traditional financial assets with the low-friction experience of a crypto platform, further expanding MEXC's 0-fee cross-asset trading ecosystem. For a long time, investors looking to enter the U.S. stock market were limited to two less-than-ideal options. The first was trading through traditional brokerages, which requires enduring tedious currency exchange and deposit processes. The second was trading synthetic assets or tokenized products on crypto platforms, which often comes with drawbacks like poor liquidity and a lack of dividend payouts. The launch of 'RealStocks' breaks this deadlock, seamlessly bridging the gap between both w... -
Cointelegraph.com - 11:50 Jun 01, 2026
Crypto ETPs see $1.67 billion in outflows as the US dominates selling, Bitcoin funds log a record 2026 exit, and altcoin participation narrows sharply across markets, according to CoinShares. Crypto investment products extended losses to three straight weeks last week amid ongoing selling pressure in markets and limited institutional demand. Crypto exchange-traded products (ETPs) recorded $1.67 billion in outflows last week, the second-largest weekly withdrawal of 2026, CoinShares reported on Monday. The fresh outflows bring three-week losses to $4.21 billion, with total assets under management dropping to $141 billion, the lowest level since early April. Read more -
Cointelegraph.com - 11:30 Jun 01, 2026
Binance launched US equities trading for eligible users and plans tokenized stocks as crypto exchanges expand into broader financial markets. Binance has launched US equities trading for eligible users and plans to add tokenized stocks as part of a broader push to expand beyond crypto. Users will be able to trade more than 7,000 stocks and exchange-traded funds (ETFs) with zero commission, buy fractional shares from $5 and access select equities on a 24/5 basis, according to an announcement shared with Cointelegraph. The exchange said it is also planning to introduce tokenized stocks as part of its vision for a “multi-asset financial super app.” Read more -
Cointelegraph.com - 11:21 Jun 01, 2026
ECB board member Isabel Schnabel warned that stablecoins could bring money-market risks into tokenized finance and reinforce US dollar dominance. European Central Bank (ECB) Executive Board member Isabel Schnabel said stablecoins could bring old financial-market vulnerabilities into tokenized finance, while strengthening the case for central banks to modernize public money through tools such as the digital euro and tokenized central bank settlement. In a Monday speech at the 2026 Bank of Korea International Conference on Central Banks and the Future of Money in Seoul, Schnabel compared stablecoins with money market funds, arguing that both can offer useful financial innovation while also creating risks around bank disintermediation, runs, fire sales and monetary policy transmission. Schnabel also warned that stablecoins could reinforce the US dollar’s global role as tokenized finance develops. “The growing use of stablecoins may further cement the international dominance of the U.S. dollar,” she said, adding ... -
Cointelegraph.com - 09:45 Jun 01, 2026
Coinbase has switched on direct rupee bank transfers in India via IMPS, letting users move funds between local bank accounts and the exchange for spot and futures trading. Coinbase has enabled direct rupee bank rails in India, making it easier for local customers to move money between bank accounts and crypto markets on the exchange as the company deepens its push into one of the world’s fastest-growing digital asset markets. Indian users can now deposit and withdraw Indian rupees via the Immediate Payment Service (IMPS) instant payments network and access spot markets, perpetual futures and the company’s Advanced Trade interface through a single platform, according to a company blog post published Sunday. The move marks Coinbase’s latest push to expand its presence in India since a troubled 2022 debut and follows the company’s registration with India’s Financial Intelligence Unit, giving it a formal regulatory footing in the market. Read more -
Cointelegraph.com - 08:56 Jun 01, 2026
Bitcoin price headed below $72,000 on Iran woes as US President Donald Trump told observers to "sit back and relax" with a ceasefire still unresolved. Bitcoin (BTC) heads into June with new local lows as the US-Iran war drives crypto market nerves. News of strikes on Iranian targets keep the Middle East conflict firmly on the radar as a source of crypto market volatility this week. Exchanges of fire meant that BTC price action quickly came under pressure following the monthly close, dropping below $73,000. Read more -
Cointelegraph.com - 07:09 Jun 01, 2026
NYDIG’s Greg Cipolaro says a sale below market price and giving up millions of dollars for immediate execution indicates a large directional holder exited a trade on BlackRock’s IBIT last week. A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) made last week was likely a whale making a quick exit on a directional trade, says Greg Cipolaro, the head of research at financial services company NYDIG. On Tuesday, an unknown trader sold 29.2 million shares of BlackRock’s IBIT on a dark pool, a private trading platform that institutions use to discreetly make large trades outside public markets, sparking speculation about who made the trade and why. Cipolaro said in a research note on Friday that several indicators were “consistent with a large directional holder exiting a concentrated position rather than a contemporaneous basis-trade unwind.” Read more -
Cointelegraph.com - 07:00 Jun 01, 2026
The crypto bank's new CMS platform lets institutions trade on crypto venues while keeping assets in regulated custody and reducing pre-funded accounts. Anchorage Digital launched a settlement platform that allows institutions to trade on crypto venues while keeping assets in custody at its federally regulated bank, which it said will help manage counterparty and operational risks. According to Monday’s announcement from the company, Coordinated Multiparty Settlement (CMS) connects trading venues, prime brokers and institutional clients through a shared settlement layer while keeping assets at Anchorage Digital Bank throughout the trade lifecycle. Anchorage said CMS verifies funding obligations and coordinates settlement across participants, reducing the number of asset transfers needed to complete trades. The company said the system is designed to reduce the need for pre-funded exchange accounts, a common practice in crypto markets. Read more -
Cointelegraph.com - 07:00 Jun 01, 2026
The transition gives the asset manager control of a tokenized fund that combines crypto carry trades with Treasury and digital asset exposure. Bitwise completed its takeover of Superstate's Crypto Carry Fund (USCC), giving the asset manager control of a tokenized investment vehicle that uses market-neutral crypto trading strategies to generate yield. Bitwise said on May 7 it would assume management of the fund from Superstate as the infrastructure company shifted its focus toward FundOS, its tokenized fund platform. The fund is available to qualified purchasers and seeks to generate yield through crypto cash-and-carry trades, a strategy that captures the premium between cryptocurrency futures and spot prices. It retains the USCC token ticker and existing smart contracts following the transition. Read more -
Cointelegraph.com - 06:48 Jun 01, 2026
The Sui Network's first two outages were caused by bugs introduced in its 1.72 update, while an interim fix deployed to restore the blockchain triggered the third. The Sui Foundation, the nonprofit organization behind the Sui Network, says it has made a “major upgrade” to address issues that caused three recent outages and left the blockchain down for more than 15 hours across two days. Sui experienced an outage on Thursday that lasted nearly six hours and two more on Friday. The first lasted eight hours and 25 minutes while the second lasted 43 minutes, according to the Sui network's uptime dashboard. All systems are listed as operational as of Monday. The Sui Foundation said in a blog post on Sunday that it applied an upgrade to fix the bugs that caused the outages. It also flagged several issues for improvement, such as better failure containment, end-of-epoch resilience and further investment in artificial intelligence agents, which helped with diagnoses, querying validator logs and assembling metrics. Re... -
Cointelegraph.com - 06:40 Jun 01, 2026
CertiK says May is the third month so far in 2026 to record crypto losses under $100 million. Losses from exploits of crypto platforms fell to $68.3 million in May, down almost 90% from the $650 million lost in April, says crypto security company CertiK. “After a particularly bad April, May is now the third month of 2026 to record losses under [$100 million],” CertiK posted to X on Sunday. Around $2.6 million of the total crypto stolen in May was due to phishing attacks, while roughly $9.4 million was recovered or returned, it added. Read more -
Cointelegraph.com - 06:24 Jun 01, 2026
Cardano Foundation has failed at its second attempt to secure funding from Cardano’s community to fund its annual conference. The Cardano Foundation has canceled its 2026 annual conference after its governance community shot down a revised proposal seeking to fund the event with treasury tokens. “Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken and we respect the outcome,” the foundation posted to X on Saturday after voting closed on Friday. The proposal sought to use 7.8 million Cardano (ADA) tokens worth $1.84 million to fund the event. 65.2% of votes were cast in favor of the proposal, which was just short of the 66.67% threshold needed to pass. Read more -
Cointelegraph.com - 04:22 Jun 01, 2026
Wintermute said it will provide “two-sided markets across event contracts on leading venues,” but did not specify what platforms it was trading on. Crypto liquidity provider and trading company Wintermute says it is providing liquidity on prediction markets as the industry continues to expand. The firm, which handles $3.5 trillion in annual trading volume, said on Friday that it is extending its institutional trading to prediction markets and would provide “two-sided markets across event contracts on leading venues,” without specifying the platforms. Jake Ostrovskis, head of OTC trading at Wintermute, said prediction markets have the “demand profile” of a major asset class but the liquidity profile of an “early-stage one.” Read more -
Cointelegraph.com - 02:21 Jun 01, 2026
A white-hat hacker has helped the creators of Hong Coin by showing them how to exploit a flawed admin function on a smart contract and ultimately refund investors after a decade. A pseudonymous white hat hacker has helped recover $2 million worth of Ether locked in a faulty initial coin offering (ICO) smart contract for almost a decade. In a post to X on Sunday, the white hat, known as “0xflorent,” said they helped recover about 1,003 Ether (ETH) from 48 investors who participated in the Hong Coin (HONG) ICO, a decentralized venture capital fund that never launched due to it failing to reach its funding goal. “The contract held all the investors' ETH and was supposed to auto-refund them,” 0xflorent said. However, “a bug in the refund function quietly broke that, and the funds got stuck.” Read more -
Cointelegraph.com - 21:11 May 31, 2026
Federal Reserve governor Christopher Waller told a conference on Sunday that stablecoins expand the reach of US policy while the Bank of England’s Megan Greene expects their popularity will soon fade. US Federal Reserve governor Christopher Waller said Sunday that the growing use of dollar-backed stablecoins could bolster the global influence of US monetary policy. Waller told participants at the 32nd Dubrovnik Economics Conference that countries that increasingly rely on stablecoins backed by the US dollar may effectively import US monetary conditions, Bloomberg News reported Sunday. “I've always just looked at stablecoins as a payment instrument; there's nothing evil about it, nothing dangerous about it,” Waller said. “They are just bringing competition into the payments world,” Reuters reported. Read more -
Cointelegraph.com - 20:00 May 31, 2026
Strategy could be set to announce it has resumed buying Bitcoin after pausing in recent weeks as the biggest crypto looks poised to close out the month down more than 3.5%. Strategy chairman Michael Saylor on Sunday signaled the Bitcoin treasury company would be announcing fresh purchases of the cryptocurrency in the coming days. The social media post comes just days ahead of a proxy vote that depends in large part on retailer shareholders to enable semi-monthly dividend payouts on the company’s STRC perpetual preferred stock. “Working Better” was Saylor's tweet late Sunday morning to accompany a bubble chart tracking Strategy’s Bitcoin (BTC) purchases over the past nearly six years. That chart, from Iceland-registered StrategyTracker.com, has been consistently posted by Saylor in the days ahead of news of a purchase by the biggest publicly traded Bitcoin holder. Read more -
Cointelegraph.com - 17:40 May 31, 2026
In the wake of CFTC approval of perpetual futures contracts tied to the spot price of Bitcoin, Kraken expects to offer those to US institutional clients within "the next month." Kraken said late Friday that it expects to launch CFTC-regulated perpetual futures contracts in the US in the next 30 days, hours after the US Commodity Futures Trading Commission approved the instruments. The exchange said when it gains approval, the contracts will be listed on Bitnomial Exchange, a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward. Payward said on April 17 that it was acquiring crypto derivatives platform Bitnomial for as much as $550 million, aimed at providing Kraken Pro customers with access to Bitnomial's perpetual futures offering. Read more
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