Tiger Research Says Nexus Uses ZKPs to Tackle Financial OpacityTiger Research, a market research firm, said verifiable finance platform Nexus has proposed a structure aimed at addressing opacity in the financial system through zero-knowledge proofs, or ZKPs. In a report released on May 6, Tiger Research argued t5.6
Samsung SDS Wins Korea Securities Depository Contract to Build Token Securities PlatformSamsung SDS said Wednesday it had won a contract from the Korea Securities Depository to build and operate a token securities, or STO, platform. STOs are digital securities issued and managed on blockchain-based systems that allow assets to be record5.6
HYPEWhales, Institutions Step Up Hyperliquid Buying as $52.28 Million in HYPE MovesWhales and institutional investors have continued accumulating Hyperliquid's HYPE token. Lookonchain said on May 5 that a wallet identified as 0xb5E4 received a total of 1.22 million HYPE over the past three weeks from Wintermute, Galaxy Digital, OKX5.6
BTCBitcoin Tops $81,700 as Whale Buying, Retail Exit Signal Bullish SetupBitcoin climbed to a three-month high, with on-chain data suggesting bullish signals are strengthening as whale accumulation coincides with retail selling. On-chain analytics platform Santiment wrote on X on May 5 that Bitcoin had risen to $81,700 an5.6
ETHBitMine Stakes Additional 157,344 ETH as On-Chain Data Points to 40,000 ETH PurchaseBitMine has added to its Ethereum stake and appears to be accumulating more ETH. On-chain data platform Onchain Lens said on May 5 that BitMine staked an additional 157,344 ETH, valued at about $372.39 million. That raised BitMine's total staked ETH 5.6
BTCBitcoin Tops $81,000 as Dominance Rises; Altcoins Show Early Stabilization SignsCapital remains concentrated in Bitcoin, though the altcoin market is beginning to show early signs of stabilization, according to a CryptoQuant analysis. CryptoQuant contributor Darkfost wrote on May 5 that Bitcoin has risen about 36% from its Feb. 5.6
May 6 Economic, Crypto Calendar: US Crude Oil Inventories DueToday’s Key Economic Events ▶︎ May 6 (Wednesday): South Korea April consumer price index (8 a.m. Korea time); U.S. April ADP private-sector employment change (9:15 p.m. Korea time); U.S. crude oil inventories (11:30 p.m. Korea time) Today’s Key Crypt5.6PiCK
SOLForward Industries, RockawayX Co-Lead $5 Million OnRe Round for Solana-Based On-Chain ReinsuranceForward Industries and RockawayX have made a strategic investment in OnRe, a startup building reinsurance infrastructure on Solana. The two firms co-led OnRe's $5 million Series A round, according to industry sources on May 5. Forward Industries also5.5
Trump Says Strait of Hormuz Shipping Operation ‘Project Freedom’ Paused as Iran Talks AdvancePresident Donald Trump said he is temporarily suspending “Project Freedom,” a shipping operation in the Strait of Hormuz. In a Truth Social post on May 5, Trump wrote that the pause was mutually agreed upon at the request of Pakistan and other countr5.5PiCK
BTCSaylor Says Strategy May Sell Bitcoin if It Benefits CompanyMichael Saylor, chairman of Strategy, said the company may sell Bitcoin if doing so benefits the company. Speaking on the company's first-quarter earnings conference call on May 5, Saylor said he would not rule out selling Bitcoin if it serves the co5.5PiCK
TD Cowen Says Stablecoin Interest Fight Could Delay CLARITY ActTD Cowen said disagreement over whether stablecoins should pay interest remains a major obstacle to passing the CLARITY Act, US legislation aimed at setting market-structure rules for digital assets. The Block reported on May 5 that Jaret Seiberg, a 5.5
BTCStrategy Posts $12.54 Billion First-Quarter Net Loss on Bitcoin DeclineStrategy posted a net loss of about $12.54 billion in the first quarter as Bitcoin prices fell. The Block reported on May 5 that the company recorded a first-quarter net loss of $12.54 billion. The main driver was about $14.46 billion in unrealized l5.5
ETHZROKelp DAO Says LayerZero Approved 1:1 DVN Setup Tied to $292 Million rsETH HackKelp DAO said LayerZero approved the 1:1 DVN, or decentralized verifier network, configuration that Kelp says led to the $292 million rsETH hack. CoinDesk reported on May 5 that Kelp DAO, in a recently released memo, said LayerZero personnel knew the5.5
BTCETHXRPBitcoin Breaks Above $81,000 as Rally ContinuesBitcoin extended its rally and moved above the $81,000 level. As of 2:39 p.m. on May 5, Bitcoin was trading at $81,234.92 on Binance's USDT market, up 1.47% from a day earlier. On Upbit's won market, it was trading at 120,478,000 won, up 1.55% from t5.5PiCK
POLPolygon Adds Wallet Privacy Payments With USDC, USDT SupportPolygon has introduced a privacy feature that hides transaction details for stablecoin transfers. Wu Blockchain reported on May 5 that Polygon Labs added a "Privately Send" feature to its wallet and began supporting payments in USDC and Tether's USDT5.5
BTCGameStop Seeks to Buy eBay for $125 a Share, Putting Bitcoin Holdings in FocusGameStop Corp., the US video-game retailer, is pursuing an acquisition of eBay Inc., drawing attention to how it may use its Bitcoin holdings. CoinDesk reported on May 5 that GameStop submitted a non-binding proposal to acquire eBay for $125 a share,5.5
XRPSOLMoscow Exchange to Launch Crypto Indexes for Solana, XRP, Tron and BNBRussia's largest stock exchange is launching new indexes tied to major cryptocurrencies. Wu Blockchain reported on May 5 that Moscow Exchange will begin publishing cryptocurrency indexes based on Solana, XRP, Tron and BNB on May 13. The indexes will 5.5
BTCBitcoin Could Climb Into the $90,000s if It Breaks Above $83,000, Analyst SaysBitcoin is extending its advance and building a structural foundation for a push toward $100,000, according to crypto analyst Ali Martinez. Martinez wrote on X on May 5 that Bitcoin has gained about 15% since forming a bullish MACD crossover on the w5.5
ETHUS Spot Ether ETFs Draw $61.29 Million for a Second Straight SessionUS spot Ether exchange-traded funds recorded net inflows. Data from Trader T showed the funds attracted a combined $61.29 million on May 4, extending their net inflow streak to two consecutive trading sessions. BlackRock's ETHA led the inflows with $5.5
USDCCircle Jumps 20% as Stablecoin Regulation Progress Lifts Crypto StocksU.S. crypto-related stocks closed broadly higher as optimism grew over progress on regulation. The Block reported on May 4 that Circle, the issuer of the USDC stablecoin, surged 19.89% to close at $119.53. The stock has gained 32.4% over the past mon5.5
BTCUS Spot-Bitcoin ETFs Draw $532.19 Million in Third Straight Day of InflowsUS spot-Bitcoin exchange-traded funds posted another strong day of inflows. The funds recorded total net inflows of $532.19 million on May 4, according to Trader T. That marked a third consecutive trading day of net inflows. BlackRock's IBIT led with5.5PiCK
Standard Chartered’s SC Ventures Takes Strategic Stake in Crypto Market Maker GSRSC Ventures, Standard Chartered’s fintech investment arm, has made a strategic investment in cryptocurrency market maker GSR. The investment makes SC Ventures GSR’s first external strategic investor since the firm was founded in 2013, The Block repor5.5
US Senators Signal Stablecoin Yield Compromise Will Stand Despite Bank ObjectionsA compromise on restrictions for stablecoin yield payments appears set to remain in place despite opposition from the banking industry. Eleanor Terrett, host of CryptoAmerica, wrote on May 4 that Senators Thom Tillis and Angela Alsobrooks said in a j5.5PiCK
SOLWestern Union Launches Solana Stablecoin USDPT, Taking Global Remittances On-ChainWestern Union has launched USDPT, a US dollar-pegged stablecoin on Solana, marking its entry into blockchain-based remittances. Cointelegraph reported on May 4 that USDPT was issued on the Solana network. It is Western Union's first move to add on-ch5.5
ETHBitmine Stakes Additional Ether Worth $456.21 MillionBitmine, which has been steadily accumulating Ether, has staked an additional 192,816 ETH worth about $456.21 million. Onchain Lens reported the move on May 4. Following the latest staking, Bitmine's total staked Ether holdings rose to about 4,555,575.5
BTCBitcoin Tops $80,000 Even as On-Chain Activity Falls to Two-Year Low, Prompting Weak-Rally WarningBitcoin has climbed above $80,000, but on-chain activity has fallen to its lowest level in two years, underscoring a growing disconnect between the token’s price gains and network usage. Data from on-chain analytics platform Santiment on May 4 showed5.5
US April Services PMI, New Home Sales Data Due May 5Today’s Key Economic Calendar ▶ May 5 (Tuesday): △ U.S. April Services PMI (10:45 p.m. Korea Standard Time) △ U.S. March New Home Sales (11 p.m. Korea Standard Time) △ U.S. April ISM Non-Manufacturing PMI (11 p.m. Korea Standard Time) Next Week’s Key5.5PiCK
US Banks Say Stablecoin Yield Compromise Falls Short, Seek More ChangesUS banking groups said a compromise on limits for stablecoin interest payments does not go far enough. Eleanor Terrett, host of Crypto in America, reported on May 4 that major banking associations believe the recently agreed rules on stablecoin yield5.4PiCK
TRXWLFIWorld Liberty Financial Sues Justin Sun for Defamation as Dispute EscalatesWorld Liberty Financial, the Trump family-backed decentralized finance project, has sued Tron founder Justin Sun for defamation. Cointelegraph reported on May 4 that World Liberty Financial filed the lawsuit in Miami-Dade County, Florida, alleging Su5.4
BTCBitcoin Hits Three-Month High; $81,500 Seen as Key LevelBitcoin climbed to a three-month high, with the market focused on whether it can hold above $80,000. Cointelegraph reported on May 4 that Bitcoin rose as high as $80,500 intraday, its strongest level since Jan. 31. It is now meeting resistance near $5.4PiCK
