The whale is now backing Arthur Hayes’ favored HYPE, ZEC and NEAR plays, signaling a sharp pivot toward momentum-led crypto bets. A crypto whale who stubbornly held his HYPE short through May’s rally has finally been punished as Hyperliquid’s token kept climbing. Key takeaways: On Tuesday, the trader known as “loracle.hl” finally closed his HYPE...Continue Reading

Zcash Open Development Lab said the network briefly became unstable as miners upgraded, while the Zcash Foundation said there was no evidence of an exploit. Zcash developers temporarily suspended Orchard transactions after discovering a critical vulnerability in the privacy-focused blockchain’s latest shielded pool, then restored functionality through an emergency network upgrade. On Wednesday, the Zcash...Continue Reading

Binance exchange said it will move NFT support from its exchange to its non-custodial wallet and offered users 30 days to migrate their NFTs. Binance announced it is shutting down support for non-fungible tokens on Binance Exchange and moving NFT management to its self-custodial cryptocurrency wallet, Binance Wallet.  The exchange said this will offer NFT...Continue Reading

Kraken and xStocks Alliance will let eligible users seek allocations in US IPOs at the offering price through tokenized shares in coming weeks. Retail investors will soon be able to participate in US initial public offerings (IPOs) at the offering price through a new tokenized equities program from Payward Services, a Kraken-affiliated company. In a...Continue Reading

Russian ruble-backed stablecoin A7A5 processed over $110 billion in transactions despite Western sanctions, according to CertiK. The Russian ruble-backed A7A5 stablecoin continued to grow despite Western sanctions, processing more than $110 billion in cumulative onchain transactions, according to CertiK. CertiK said A7A5 processed over $110 billion in cumulative onchain transactions, captured about 43% of the...Continue Reading

The FCA has urged clubs to rethink deals with unauthorized crypto and trading sponsors, warning that fans risk losing all their money and teams face legal and reputational fallout. Update (June 3, 1 pm, UTC): This article has been updated to include a comment from a spokesperson at BingX. The United Kingdom’s financial regulator has...Continue Reading

The payments giant said USDC, PYUSD, RLUSD and other stablecoins will support new settlement options across multiple blockchains. Mastercard announced its plans to expand its settlement capabilities to let issuers and acquirers settle some card transactions using regulated stablecoins.  On Wednesday, Mastercard said the new capabilities will include intraday, weekend and holiday card settlement, supporting...Continue Reading

Trezor and Tropic Square disclosed a TROPIC01 chip vulnerability found during a Ledger Donjon audit, saying the Safe 7 wallet and user funds remain secure. Hardware wallet company Trezor and chipmaker Tropic Square have disclosed a vulnerability in one of three independent security layers in the Trezor Safe 7 hardware wallet, saying the flaw does...Continue Reading

Bitcoin’s drop to $65,000 triggered over $1.8 billion in crypto liquidations as traders brace for a test of $60,000 as support. Bitcoin (BTC) has dropped 8% to a nine-week low of $65,360 from Tuesday’s high of $71,300 amid increasing geopolitical risks surrounding the US-Iran war. Key takeaways: Data from TradingView showed new BTC price lows...Continue Reading

Bitcoin sparked two-month lows in the Crypto Fear & Greed Index while analysis predicted a “catch-up” with record highs in stocks. Bitcoin (BTC) is due a “relief bounce” next as crypto market sentiment hits two-month lows. Key points: Read moreContinue Reading