Cointelegraph.com
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Cointelegraph.com - 23:07 May 21, 2026
Data shows Bitcoin traders cutting short positions and going long despite concerning US macroeconomic data emerging. Is a rally toward $82,000 next? Key takeaways: Bitcoin (BTC) flirted with $78,000 on Thursday but failed to sustain its bullish momentum after a disappointing outlook from US retailer Walmart and growing signs of a more restrictive US monetary policy. Despite weakening macroeconomic conditions, professional Bitcoin traders increased their bullish exposure. Is a rally to $82,000 the next step? Read more -
Cointelegraph.com - 22:02 May 21, 2026
Harvard's endowment fund has become one of the latest high-profile holders to liquidate its ETH as investor sentiment sours during the ongoing bear market. Harvard Management Company, the entity that manages Harvard University’s endowment fund, sold all of its Ether (ETH) holdings after just one quarter, according to its Q1 2026 United States Securities and Exchange Commission (SEC) filing. The endowment no longer holds the $87 million in BlackRock iShares Ethereum Trust exchange-traded fund (ETF) shares, which it held in Q4 2025, according to its Q1 2026 SEC filing. Harvard also reduced its exposure to Bitcoin (BTC) in Q1 2026, offloading about 2.3 million Bitcoin ETF shares. The endowment fund still holds more than 3 million shares of BlackRock’s iShares Bitcoin Trust ETF, valued at nearly $117 million. Read more -
Cointelegraph.com - 20:48 May 21, 2026
Federal Election Commission filings showed only $175,000 in contributions to the hybrid PAC, which could influence US voters through media buys before key elections in several states. A political action committee (PAC) that claimed to “support candidates working to advance digital asset and blockchain policy in the United States” announced its picks for the 2026 election cycle, potentially influencing key races with money from the crypto industry. In a Thursday notice, the Blockchain Leadership Fund said it had endorsed ten candidates for the 2026 US midterm elections, four in the Senate and six in the House of Representatives. Chainlink Labs and Anchorage Digital announced the launch of the PAC in March amid other committees that spent heavily in the 2024 US election cycle, like Fairshake. The PAC’s picks included Republicans Barry Moore, Kurt Alme and Jon Husted for US Senate races in Alabama, Montana and Ohio, respectively, and Houston Gaines, Jim Kingston and Jon Bonck for House runs in Georgia’s 10th dis... -
Cointelegraph.com - 20:39 May 21, 2026
Data suggest Bitcoin’s chance of dropping below $60,000 again is slim to none, thanks to longer-term investors holding more than 71% of the asset’s total supply. The chance of Bitcoin (BTC) falling below $60,000 is “extremely slim,” according to data showing that BTC long-term holders increased their holdings to 71.6% of the total supply. In addition to this data, a key technical signal turned bullish for the first time since February. Crypto analyst Sykodelic said the possibility of Bitcoin revisiting fresh lows has “become extremely slim” after the weekly relative strength index (RS) retested the 50 level. Historically, Bitcoin has entered long-term expansion phases after the RSI recovered above that threshold following an oversold position. Read more -
Cointelegraph.com - 20:28 May 21, 2026
The crypto exchange's new pre-IPO futures product lets traders speculate on SpaceX’s expected public market valuation before the company begins trading on public exchanges. Binance launched perpetual futures contracts tied to the expected valuations of private companies ahead of their public listings, starting with a SpaceX-linked product settled in Tether's USDt (USDT). Binance said pre-IPO perpetual contracts are expected to reflect publicly available IPO pricing indicators, including announced valuation ranges and final offering prices, before a company begins trading publicly. After a listing, the contracts would transition to tracking live market prices. The first contract, SPCXUSDT Pre-IPO Perpetual, is tied to SpaceX's expected public market valuation, with additional pre-IPO perpetual contracts to follow over time. Read more -
Cointelegraph.com - 18:44 May 21, 2026
Critics say the new 22% crypto tax, set to take effect in 2027, unfairly favors other asset classes with a much lower tax burden. A petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and Economic Planning Committee to review objections to the new tax regime. The 22% tax, set to take effect in January 2027, imposes financial and reporting “burdens” on investors, while also limiting upward mobility for younger individuals, who are locked out of housing markets due to skyrocketing real estate prices, according to the petition. The petition now has more than 52,000 signatures. Source: South Korea Assembly Read more -
Cointelegraph.com - 18:15 May 21, 2026
The financial regulator signed a similar agreement with Major League Baseball in March and continues to file lawsuits against state-level authorities going after prediction market platforms over sports betting. The US Commodity Futures Trading Commission (CFTC), under the sole leadership of Republican Michael Selig, announced a memorandum of understanding with the National Hockey League to “protect the integrity of professional hockey and maintain fair and transparent prediction markets.” In a Thursday announcement, Selig said the move was intended to protect prediction market users from “insider trading, fraud, and other abuse” as the CFTC continues to maintain what it calls its “exclusive jurisdiction” over platforms like Kalshi and Polymarket. The agency signed a similar agreement with Major League Baseball in March, at the same time the league announced Polymarket would be its Official Prediction Market Exchange. Read more -
Cointelegraph.com - 17:30 May 21, 2026
The crypto services company began the US IPO process as companies across the digital asset sector weigh public market debuts. Crypto services company Blockchain.com confidentially filed for a US initial public offering (IPO), becoming the latest digital asset player to pursue a public listing as crypto firms return to equity markets. The company said it submitted a draft S-1 registration statement to the US Securities and Exchange Commission (SEC) related to a proposed offering of Class A ordinary shares. Pricing and the number of shares have not yet been determined. According to Thursday's announcement, the proposed IPO remains subject to market conditions and SEC review. Confidential S-1 filings allow companies to begin the IPO process and receive regulatory feedback before publicly disclosing financial and offering details. Read more -
Cointelegraph.com - 16:21 May 21, 2026
Bitcoin whales and investors shift to distribution as realized losses surge past $600 million, as BTC price declines toward $76,000. Bitcoin (BTC) has dropped nearly 7% from its local peak of $82,800, as several groups of wallet holders switched from accumulation to distribution. Data suggests that this distribution, combined with increasing realized losses, points to a potential shift in momentum. Key takeaways: The yearly absorption rate measures the amount of new BTC issued that has been absorbed by the market over the past year. Currently, the absorption rate by exchanges is improving while whales are losing coins at a historic pace. Read more -
Cointelegraph.com - 15:50 May 21, 2026
Bitcoin should shift 5% or more "soon" with $77,000 staying the focus amid mixed messages over the latest US-Iran peace deal plans. Bitcoin (BTC) focused on $77,000 on Thursday as analysis eyed a minimum 5% BTC price move. Key points: Read more -
Cointelegraph.com - 14:50 May 21, 2026
IG Group, which launched spot crypto in the UK last year, is bringing the service to European investors through Bitpanda’s infrastructure. IG Europe has partnered with Bitpanda to offer crypto for European investors, using the Austrian exchange’s infrastructure for liquidity, trading connectivity and market data. IG’s push to bring spot crypto trading to its European client base comes after launching the service in the United Kingdom in 2025. The new expansion has no confirmed timeline. “This partnership broadens our product offering across Europe, giving experienced investors access to a wider range of asset classes with the quality and security they demand,” said Esteve Jane, managing director of IG Europe, which is regulated by BaFin in Germany. Read more -
Cointelegraph.com - 13:44 May 21, 2026
HYPE’s rally is flashing exhaustion near its record-high resistance, raising the risk of a 20% pullback toward the $51.5–$45 support zone. A Hyperliquid (HYPE) whale is refusing to close a massive short position even as the token’s rally leaves the trader sitting on more than $22 million in unrealized losses. Key takeaways: As of Thursday, the wallet '0x8ef...' held a 5x cross-margin short on 1.80 million HYPE, worth about $102.98 million, with an entry price near $44.96, according to HypurrScan data. Read more -
Cointelegraph.com - 13:35 May 21, 2026
Kraken’s parent company, Payward, received preliminary approval from Dubai's VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime. Cryptocurrency exchange Kraken moved closer to a launch in the United Arab Emirates after its operator, Payward, received preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA), according to the company. Payward on Thursday announced its UAE expansion alongside receiving preliminary approval for a broker-dealer, investment and management licence from VARA. A spokesperson for Kraken told Cointelegraph the preliminary approval was granted on Thursday, with a full launch date to be confirmed. Read more -
Cointelegraph.com - 13:23 May 21, 2026
OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six Ethereum addresses tied to a Sinaloa Cartel-linked money laundering network that allegedly converted drug proceeds into cryptocurrency. OFAC added the addresses to its Specially Designated Nationals list (a US sanctions list of people, entities and assets subject to blocking restrictions) on Wednesday as part of sanctions against 11 individuals and two entities connected to two Sinaloa Cartel financial networks. Treasury said one network, led by Armando de Jesus Ojeda Aviles, collected bulk cash in the US from fentanyl and other drug sales before allegedly converting the money into cryptocurrency for transfer to the cartel in Mexico. Read more -
Cointelegraph.com - 12:49 May 21, 2026
Bitcoin demand and ETF flows weaken as BTC struggles below $80,000, raising risks of prolonged consolidation or a drop toward $65,000. Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation. Key takeaways: Bitcoin’s apparent demand has dropped to its lowest level since mid-January, as traders and investors adopted a risk-off approach due to geopolitical and macroeconomic uncertainties. Read more -
Cointelegraph.com - 12:38 May 21, 2026
The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse. A newly unsealed court filing in the Terraform Labs bankruptcy case alleges Jane Street used a private Telegram channel with former Terraform intern Bryce Pratt to obtain nonpublic information before the collapse of TerraUSD. Pratt is currently a systems developer at Jane Street. The channel, called “Bryce’s Secret,” allegedly gave the quantitative trading firm a backchannel to Terraform insiders as Jane Street unwound exposure to TerraUSD (UST) shortly before the algorithmic stablecoin lost its dollar peg in May 2022, according to the filing. “Jane Street used Bryce’s Secret chat group and other backchannel sources of non-public information to front-run trading that hastened the collapse of Terraform,” the filing states. The claims renew scrutiny of who profited from Terra’s $40 billion collapse, one of the crypto industry’s large... -
Cointelegraph.com - 12:13 May 21, 2026
Boerse Stuttgart’s Seturion has partnered with Societe Generale, SG-FORGE and flatexDEGIRO to build a pan-European blockchain securities settlement system. Boerse Stuttgart Group’s tokenized securities settlement platform Seturion has partnered with Societe Generale, its crypto subsidiary SG-Forge and online broker flatexDEGIRO to build out a blockchain-based securities settlement system across Europe. Under the plan, Societe Generale will issue tokenized structured securities, such as turbo warrants and investment certificates, on Seturion, according to a Thursday announcement. SG-Forge, which holds a Markets in Crypto-Assets authorization from French regulators, will settle transactions using its CoinVertible euro and dollar stablecoins, EURCV and USDCV. FlatexDEGIRO, which says it serves serve 3.5 million customers across 16 countries, will also connect its retail investor flow to the platform. Read more -
Cointelegraph.com - 11:54 May 21, 2026
The US Federal Reserve proposed a limited “skinny” payment account framework for fintech and crypto firms and called for a temporary pause on Tier 3 applications. The US Federal Reserve proposed creating limited payment accounts that could give legally eligible fintech and crypto-linked banks narrower access to its payment rails without the backstops available to traditional banks. The proposal was released on Wednesday through a Federal Reserve Board request for comment and notice of proposed rulemaking, referring to “skinny master accounts” for nonbank financial institutions. The Fed also encouraged regional Reserve Banks to pause decisions on Tier 3 account-access requests while it finishes the rulemaking, a step staff said is expected to end by Dec. 31, 2026. Read more -
Cointelegraph.com - 10:28 May 21, 2026
OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. HONG KONG, May 21 — OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing marks a significant step in bringing a state-supervised, asset-backed digital currency to one of the world’s most established licensed virtual asset markets. Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, USDKG is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading pair USDKG/USDT is now available to professional investors across OSL HK’s over-the-counter (OTC) platform. The listing of USDKG aligns with OSL's commitment to contr... -
Cointelegraph.com - 07:38 May 21, 2026
Former Silvergate executive Kate Fraher said the rule that prevented her from sharing her side of the story was unconstitutional. It was finally lifted by the SEC this week. The former chief risk officer of Silvergate revealed she made the decision to settle with the US securities regulator in 2024 to avoid a “multi-year battle” in court, where she was accused of misleading investors about anti-money laundering rules and how the bank monitored crypto customers. In her first public comments about her settlement with the SEC on Wednesday, Kate Fraher claimed that no financial agency proved that Silvergate’s anti-money laundering controls had failed, and that she only opted to settle to “move forward.” Fraher had agreed to a civil penalty of $250,000 and was banned from serving as a company executive or board director for five years. Read more
11112 items