Today's Crypto Pulse
Bitcoin slides below $70k as energy‑price worries spark $1.8B in liquidations
Bitcoin fell under $70,000 amid heightened energy‑price uncertainty linked to U.S.–Iran tensions. The dip triggered roughly $1.8 billion in crypto liquidations, while institutional investors pulled more than $4.2 billion from digital‑asset positions.
Also developing:
By the numbers: Strive acquires 2,500 Bitcoin for $185.2M
U.S. House Lawmakers Who Oversee the CFTC Are Urging Trump to Fill the Commission
U.S. House Agriculture Committee leaders urged President Donald Trump to appoint four new commissioners to the Commodity Futures Trading Commission, restoring a bipartisan five‑member board. The CFTC, currently led solely by Republican Chairman Mike Selig, is poised to expand oversight of spot digital commodity trades under the pending Digital Asset Market Clarity Act. Lawmakers argue that a full commission will produce more balanced, durable regulations as the crypto market grows. The nomination push is tied to broader negotiations over the Clarity Act and the administration’s strategy to reshape regulatory bodies.
Europe Vies to Close Stablecoin Gap
France’s finance minister Roland Lescure urged European banks to speed up euro‑stablecoin development, warning the region trails the United States in tokenized finance. A bank consortium called Qivalis, featuring ING, UniCredit and BNP Paribas, plans a MiCA‑compliant euro stablecoin launch in the...
CME Launches AVAX and SUI Futures, Expanding Crypto Derivatives Portfolio
CME Group opened trading on May 29 for new Avalanche (AVAX) and Sui (SUI) futures, adding both standard and micro contracts to its regulated platform. The first trades were executed between crypto prime broker FalconX and cross‑asset firm G‑20 Group,...
Bitget Names Ignacio Aguirre Franco CMO to Drive Global Expansion to 150 Million Users
Bitget has appointed Ignacio Aguirre Franco as its global chief marketing officer. The veteran executive will steer the exchange toward 150 million users by 2026 and a billion by 2030, integrating CeFi, DeFi and TradFi offerings. The move signals a concerted...
South Korea to Issue Tokenized Securities Rules in July, Enabling Fractional Investments
South Korea's Financial Services Commission announced it will publish detailed tokenized securities issuance rules in July, allowing fractional securities backed by pooled assets of the same type. The move aims to foster fintech innovation while safeguarding investors as the country...
Ensuring Compliance: Unveiling FATF Recommendations for Cryptocurrency Exchanges
The Financial Action Task Force (FATF) has issued detailed guidance that treats cryptocurrency exchanges as virtual asset service providers (VASPs) subject to Recommendations 15 and 16. Exchanges must implement comprehensive AML/CFT programs, including customer due diligence, risk assessments, transaction monitoring,...
More than $10 Million Stolen From Crypto Platform THORChain
THORChain, the Swiss‑based decentralized liquidity protocol, reported a security breach that resulted in the theft of about $10.7 million. The loss included 36 Bitcoin—roughly $3 million—and $7 million in other cryptocurrencies, taken from one of its six on‑chain vaults. The platform’s automatic anomaly...
Bitcoin Poised for $93K Rally; Altcoins Remain Uncertain
The overall chart looks great for #Bitcoin. There's been one event where the markets didn't bottom on the 200-Week MA, that was during the 2022 FTX and Luna saga. In every occassion, after the bear market has ended (in my thesis that...
Crypto Regulation Moved From Theory to Market Force This Week
The U.S. Senate Banking Committee voted to advance the Clarity Act, marking the most consequential crypto‑regulatory move since the FTX collapse. The bill’s progress sparked a rally in Coinbase shares and lifted broader crypto‑linked equities as investors price in a...
Zcash Is on the Rise This Year: Why the Privacy-Focused Bitcoin Alternative Is on the Radar of Crypto Investors
Over the past twelve months Zcash (ZEC) has transformed from a niche privacy token into one of the market’s top performers, surging more than 1,200% to around $530 per coin. Bitcoin fell over 21% and Ethereum about 12% in the...
Saudi Arabia Is Tokenizing Its Multi-Trillion Dollar Economy to Protect Its Wealth From Global Shocks
Saudi Arabia is launching a $12.5 billion initiative, led by digital‑payments pioneer Faisal Monai, to tokenise real‑world assets through the droppRWA platform, beginning with real‑estate. The plan envisions a sovereign‑grade, tokenised financial system operating nationwide by 2030, with stablecoin‑based property settlement going...
CME and NYSE Owner Push U.S. Regulators to Crack Down on Hyperliquid
CME Group and Intercontinental Exchange are urging the CFTC and U.S. lawmakers to bring Hyperliquid under federal oversight, citing risks of market manipulation and sanctions evasion in its largely offshore, lightly regulated environment. They warn that Hyperliquid’s growing crypto and...
Hong Kong Rolls Out First Stablecoin Licenses to Dodge Chaos and Irrelevance
Hong Kong's securities regulator has issued the first wave of stablecoin licenses, outlining a sandbox‑driven, narrow‑scope framework that balances strict oversight with the need for speed. The move seeks to sidestep the twin risks of financial chaos from lax rules...
The Case for Euro Stablecoins
Euro stablecoins are presented as a strategic tool to safeguard the euro’s international role and curb digital dollarisation, complementing the upcoming digital euro. The article highlights the digital euro’s design constraints—such as low holding limits and limited cross‑border functionality—that could...
Screen‑Life Heist ‘LifeHack’ Brings Crypto Crime to the Big Screen
‘LifeHack’, a screen‑life thriller that opened in U.S. theaters on May 15, dramatizes a cryptocurrency heist carried out via Discord and crypto wallets. The film’s novel visual style and its focus on digital theft signal that crypto‑related crime is moving...
Lombard Joins LayerZero Exodus as $4 Billion in Assets Switch to Chainlink's Bridge
Lombard, a DeFi protocol that issues bitcoin‑backed tokens, announced it will move more than $1 billion in assets from LayerZero to Chainlink’s Cross‑Chain Interoperability Protocol (CCIP). The migration follows a broader exodus of roughly $4 billion in crypto assets shifting to Chainlink...
The Signal Has Returned: Inside Wadoozie, the $WADZ Mission Activating 48 States
Wadoozie launches $WADZ, an on‑chain attention network that combines a 48‑state bus tour, 576 hidden Signal Fragments and a creator‑reward pool. The ERC‑20 token has a fixed effective supply of 1 billion, with 75% of tokens locked in a DAO‑governed liquidity...
SportFun - Sports Betting Meets Onchain Trading
SportFun is a Base‑layer fantasy trading platform where users buy shares of real athletes, compete in weekly tournaments, and earn rewards tied to on‑chain fees. The service raised a $2 million seed round in July 2025 and a $2.5 million oversubscribed ICO, funding...
Tokenized ETFs Surpass $430 Million in Onchain Market Cap, Led by Ondo Finance's IVVon
Tokenized exchange‑traded funds have reached a combined on‑chain market capitalization of about $430 million, according to data from Token Terminal. Ondo Finance’s IVVon token, a blockchain‑based replica of the iShares Core S&P 500 ETF, leads the segment and posted a roughly 150 %...
How Stablecoins Are Crashing the Agentic Commerce Party
Worldwide Stablecoin Payment Network (WSPN) unveiled W Agent, an AI‑driven skill that lets autonomous agents discover merchants, place orders and settle transactions entirely in stablecoins. The service layers on W Checkout’s order‑and‑payment hub, handling accounting and receipts while keeping the actual funds...
Crypto Is No Longer a Single Industry, and that May Be Bullish
Crypto is fragmenting into four distinct sectors—stablecoins and payments, Bitcoin as an institutional asset, tokenized on‑chain finance, and blockchain infrastructure—each moving on its own fundamentals. Stablecoins now hold roughly $322 billion in market cap and are gaining traction as payment infrastructure,...
THORChain Reports $10.7M Loss From Compromised Asgard Vault
THORChain announced that one of its six Asgard vaults was compromised, resulting in an estimated loss of $10.7 million. The network’s automated monitoring detected unauthorized outbound transactions and stopped signing activity, averting additional outflows. In response, THORChain paused churn operations, delaying...
Arkham Intelligence Reports 90%+ Token Concentration in $LAB Project Trading at $4B Market Cap
Arkham Intelligence disclosed that a single entity likely controls over 90% of the $LAB token supply, a cryptocurrency valued at roughly $4 billion. On‑chain analyst ZachXBT suggests insider holdings could be as high as 95%. Despite this extreme concentration, $LAB has...
Solayer Rolls Out Visa‑Compatible Physical Card for Stablecoin Spending
Solayer introduced the Solayer Pay Physical Card, a Visa‑compatible debit card that lets users spend stablecoins worldwide. Existing users receive the card for free, while new users pay a $20 annual activation fee, signaling the first large‑scale rollout of a...
CFTC Deploys AI to Hunt Insider Trading on Polymarket Prediction Market
The Commodity Futures Trading Commission announced it is using artificial‑intelligence surveillance tools, combined with Chainalysis and Nasdaq Smarts, to flag insider‑trading activity on Polymarket. The move comes as regulators intensify scrutiny of crypto‑based prediction markets amid pending legislation.
Coinbase Leverages Hyperliquid’s Global Reach to Boost USDC
Coinbase and Hyperliquid are both going after the everything exchange. So why is Coinbase staking HYPE? Alex Weseley: Coinbase can't compete with Hyperliquid's no-KYC global reach, but it can leverage it to grow USDC distribution worldwide "Coinbase is very certain in its...
How Ethereum Casinos Are Driving Payment Innovation
Ethereum’s programmable blockchain is reshaping online casino payments by offering wallet‑based deposits, faster cross‑border transfers, and transparent transaction records. Casino operators are leveraging these features to create more user‑controlled, flexible payment experiences while confronting challenges such as gas fees, address...
Spark Publishes Risk Framework for Sky Agent Network Built on Sky Protocol Security Principles
Spark has released a comprehensive risk framework for its Sky Agent Network, built on the security‑first architecture of Sky Protocol. The document details loss‑absorption mechanisms, capital‑movement constraints, and bounded risk across three core products: Spark Savings, SparkLend, and the Spark...
Mega Integrates MegaPay with Binance
Kyrgyz telecom operator Mega announced that its mobile payment platform MegaPay is now integrated with Binance, the leading cryptocurrency exchange. The integration enables Kyrgyzstan‑based Binance users to top up their exchange balances directly through MegaPay, creating a seamless fiat‑to‑crypto on‑ramp....
HYPE Jumps as Coinbase and Circle Back Hyperliquid’s Stablecoin Model
Coinbase and Circle have partnered with Hyperliquid to upgrade its AQAv2 protocol, making USDC the platform’s aligned quote asset and assigning Coinbase as the official USDC treasury deployer. Circle will handle the cross‑chain CCTP infrastructure, enabling seamless USDC movement across...
Bitdeer Posts $188.9M Q1 Revenue as New Low‑Power SEALMINER Cuts Energy Use
Bitdeer Holdings announced Q1 2026 revenue of $188.9 million, a 170% year‑over‑year jump, while unveiling the SEALMINER A4 series that operates at under 10 joules per terahash. The results underscore both the profitability of its expanding AI cloud services and the growing...
Bullish to Acquire UK Payments Firm Equiniti in $4.2 B Deal
Bullish (BLSH) announced a $4.2 billion acquisition of UK payments and transfer‑agent specialist Equiniti, combining $2.35 billion of newly issued shares with $1.85 billion of assumed debt. The deal creates an end‑to‑end tokenization platform that could redefine how public‑company equity is issued and...
Thorchain Halts Trading After $10 Million Cross-Chain Exploit, RUNE Token Drops 12%
Thorchain, the decentralized cross‑chain liquidity protocol, suffered a $10.8 million exploit spanning Bitcoin, Ethereum, BSC and Base, prompting an immediate halt to all trading and signing operations. The attacker’s wallets now hold roughly 3,443 ETH (about $7.8 million), 36.85 BTC (around $3.0 million) and 96.6 BNB...
Ripple and Silbert Lead Surge of Startups in Post‑Crypto Collapse Payments
Ripple CEO Brad Garlinghouse and investor Barry Silbert are spearheading a wave of startups that aim to replace legacy correspondent banking with blockchain‑based infrastructure. The push follows the 2022‑23 crypto‑intermediary collapse and targets a projected $250 trillion annual cross‑border flow by...
Anthropic's Claude AI Helps Recover $400,000 Bitcoin Wallet After 11‑Year Lockout
A Bitcoin holder used Anthropic’s Claude AI to locate a forgotten wallet backup and unlock five BTC, worth almost $400,000. The recovery, detailed in a viral tweet, highlights how large language models can serve as forensic tools for digital asset...
Taurus Secures MiFID II License to Provide Regulated Tokenization Infrastructure for 40+ Global Banks
Digital‑asset infrastructure firm Taurus SA announced that its Cyprus subsidiary, Taurus (Europe) Ltd, has been granted a MiFID II investment‑firm license by the Cyprus Securities and Exchange Commission. The approval makes Taurus the first pure institutional token‑infrastructure provider to secure EU‑wide...
How CLARITY Act Survived a Chaotic Senate Markup After Warren, Banks and Democrats Tried to Slow It Down
The Senate Banking Committee approved the Digital Asset Market Clarity Act 15‑9 after a chaotic markup marked by procedural fights, Senator Elizabeth Warren’s opposition, and banking‑lobby warnings about stablecoin yields. Republicans secured a bipartisan “peel‑off” to win the vote, while...
i.AM Innovation Lab Lays Groundwork for Wider ILS Investor Base with Reusable Tokenisation Platform
i.AM Innovation Lab has upgraded its tokenised insurance‑linked securities (ILS) solution from a 2024 pilot with Schroders Capital and Hannover Re to a reusable, institutional‑grade platform. The new system supports larger transactions, allowing funds and pension managers to invest via digital...
Cardano Whales Now Hold 67% of ADA Supply in Highest Share Since 2020
Cardano’s largest holders—wallets with at least one million ADA—now control 25.09 billion tokens, roughly 67% of the circulating supply, the highest concentration since July 2020. This accumulation has continued despite a 71% drop in ADA’s market cap over the past nine months,...
Strive Rallies 5.8% as It Clears Debt in Q1, Unveils Daily Dividends
Strive announced it will become a “Daily Dividend Company,” issuing its Variable Rate Series A Perpetual Preferred Stock (SATA) with a 13% annual dividend paid every business day starting June 16. The firm also reported it cleared all outstanding debt in Q1...
Bitcoin ETFs Lose $635M in One Day as Alt‑Coin Funds Pull In Millions
U.S. spot Bitcoin ETFs recorded a combined $635 million net outflow on May 13, led by BlackRock’s IBIT, while niche Solana and XRP ETFs drew modest inflows. The debut of the Hyperliquid ETF added $1.2 million, underscoring a shift in investor focus within...
BlackRock Urges OCC to Drop 20% Cap on Tokenized Reserve Assets
BlackRock, the world’s largest asset manager, is lobbying the U.S. Office of the Comptroller of the Currency to scrap a proposed 20% ceiling on tokenized reserve assets. The firm says the limit would stifle expansion of its $2.6 bn BUIDL tokenized‑reserve...
ADI Foundation and Settlemint Deploy $30.9 B ADGM Tokenization Rail on ADI Chain
ADI Foundation and Settlemint announced the launch of an ADGM‑compliant tokenization rail on the ADI Chain, enabling the issuance, trading and servicing of roughly $30.9 billion in real‑world assets. The platform uses the ERC‑3643 security‑token standard and aims to close institutional...
Judge Delays Consolidation as Exchanges Push Case Unification
SDNY update in PM cases: - Coinbase and Gemini want to consolidate their cases with CFTC vs. NY. - Judge Marrero will not consider consolidation until after he rules on NY's motion to remand. - Kalshi now wants to designate all cases as...
LayerZero Retains Key Client Despite Aura Loss
Basically every other LayerZero customer other than USDT0 is nearly zero margin. They definitely lost aura but haven’t lost their main profitable customer
Wall Street Crypto Groups Press SEC for Clearer Digital Asset Registration Rules
On May 13, the SEC’s Crypto Task Force held separate meetings with the Wall Street Blockchain Alliance and Copper Technologies. Both groups pressed the agency for clearer registration guidance on tokenized securities, stablecoins, and collateral‑mobility platforms, arguing that current rules...
Privacy Unlocks Blockchain’s Path to Mass Adoption
Blockchain's lack of privacy is a real barrier to mass adoption, much like clunky UX or limited scalability. Unlocking privacy on blockchain is a milestone step toward unlocking mass adoption. Still, there's more work to be done. Which feature should be unlocked next?
THORChain Suffers $10M+ Multi‑chain Exploit
According to @zachxbt, THORChain has been hit in a major exploit across multiple chains including: Bitcoin, Ethereum, BSC, and Base. Stolen funds have already surpassed $10M. Things are still developing. 👀 https://t.co/r7B8WzjjDT
Circle Launches Agent Marketplace for DeFi-Native Service Discovery and Integration
Circle unveiled its Agent Marketplace, a platform that lets autonomous crypto agents discover, evaluate, and integrate DeFi‑native services. The marketplace embeds programmable, usage‑based payment flows, shifting service access from static APIs to on‑chain economic transactions. It is the latest component...
Staking-Enabled APIs Boost Viability of Data Scrapers
Agents that scrape data on tokens and other things… and have a solid API accessible by staking…. Are much more viable now than they were.