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Iran Warns Trump of ‘Far More Devastating’ Consequences if War Resumes

Trump Abruptly Cancels Holiday Plans Tensions Spike Over Prospect of Renewed US Airstrikes on Iran Pakistan, Qatar Step Up Last-Minute Mediation Iran Warns of ‘Far More Devastating’ Consequences Pakistan and Qatar stepped up last-minute mediation eff

DeFi Bridge Hack Losses Top $328.6 Million This Year

Losses from decentralized finance, or DeFi, bridge hacks have reached $328.6 million so far this year. Cointelegraph reported on May 23, citing data from blockchain security firm PeckShield, that there have been eight bridge-related hacking incidents

Iran Speaker Says Response Would Be More Destructive if Trump Resumes War

Iran will respond more forcefully if the US takes additional military action, an Iranian official said. Tasnim News reported on May 23 that Iranian Parliament Speaker Mohammad Bagher Ghalibaf made the remarks during a meeting with Pakistan’s army chi

Chinese Court Sentences Bitcoin Thief to 12 Years

A Chinese court sentenced a man to more than 12 years in prison for stealing Bitcoin and converting it into cash. The ruling found that while Chinese authorities ban financial transactions involving virtual assets, Bitcoin qualifies as property under

ECB Pushes Back Against Euro Stablecoin Expansion on Financial Stability Concerns

The European Central Bank has pushed back against efforts to expand euro-denominated stablecoins, citing concerns that broader issuance could undermine bank deposits and complicate monetary policy. Cointelegraph, citing Reuters, reported on May 23 th

CFTC Chair Says Crypto Is Unlikely to Be Outlawed in the US

As the US accelerates efforts to formalize rules for digital assets, the head of the Commodity Futures Trading Commission said there is virtually no chance crypto will be outlawed in the country. Wu Blockchain reported on May 23 that CFTC Chair Mike

Polymarket Replaces Exposed Private Key, Says User Funds Are Safe

Polymarket said it has replaced an exposed private key linked to a recent outflow of about $600,000 and that user funds were unaffected. Josh, Polymarket’s vice president for decentralized finance, wrote in a post on X on May 23 that neither Polymark

SkyBridge Opportunity Fund Posts Second Straight Quarterly Loss Amid Crypto Weakness

Anthony Scaramucci’s flagship fund at SkyBridge Capital posted a loss for a second straight quarter as weakness in the cryptocurrency market weighed on returns. Bloomberg reported on May 23 that the SkyBridge Opportunity Fund lost 12.9% in the first

Coinbase Premium Index Turns Negative, Signaling Weaker US Crypto Demand

The Coinbase Premium Index, a gauge of US demand for digital assets, has turned negative. The move points to cooling US institutional demand and adds downward pressure on Bitcoin. In a report published May 23, CryptoQuant contributor Lei Researcher w

Bitcoin Drops Back Below $75,000

Spot Ether ETFs See $6.6 Million Outflow, Extending Streak to 10 Sessions

Spot Ether exchange-traded funds recorded net outflows for a 10th straight trading session. Farside Investors data showed $6.6 million left spot Ether ETFs on May 22. BlackRock’s ETHA posted net outflows of $5.6 million, while Fidelity’s FETH saw $1

Tom Lee Says BitMine Stands to Benefit From Passive Inflows if Added to Russell 1000

BitMine Immersion Technologies, the largest corporate holder of Ether, has been included on a preliminary list for the Russell 1000 Index, and Chairman Tom Lee said the addition could trigger passive fund inflows. In a post on X on May 23, Lee said B

US Spot-Bitcoin ETFs Post Net Outflows for Six Straight Sessions, Seen by Some as Accumulation Signal

U.S. spot-Bitcoin exchange-traded funds have recorded net outflows for six consecutive trading sessions. Some analysts, however, say the trend could be read as a buying signal. Cointelegraph reported on May 23 that blockchain analytics firm Santiment

Bitcoin Falls Below $77,000

Grayscale Says Ethereum, Solana, BNB Chain May Benefit From CLARITY Act

A small group of blockchain networks that dominate on-chain financial activity could benefit if the U.S. crypto market structure bill known as the CLARITY Act wins final approval, Grayscale said. In a report published on May 22, Jack Pandl, Grayscale

Crypto Crime Wave Pushes Marathon Digital to Spend $4.3 Million on CEO Security

Bitcoin miner Marathon Digital Holdings spent about $4.3 million on personal security for Chief Executive Officer Fred Thiel during fiscal 2025, amid a rise in violent crime targeting crypto assets. Cointelegraph reported on May 22 that Marathon disc

Trump Media Moves 2,650 Bitcoin to Crypto.com, Faces $455 Million Unrealized Loss

Trump Media, the company affiliated with US President Donald Trump, transferred a large amount of Bitcoin to an exchange, a move typically viewed as a precursor to selling. CoinDesk reported on May 22 that Trump Media recently moved 2,650 Bitcoin to

Analysis: SpaceX IPO May Expand Bitcoin Exposure in the Nasdaq 100

SpaceX is pursuing what could be the largest initial public offering in history, a listing that may increase Bitcoin exposure among large-cap Nasdaq technology stocks, Cointelegraph reported on May 22. SpaceX recently disclosed in an S-1 filing that

THORChain Says $10 Million Hack Was Caused by Malicious Node Exploiting Flaw

THORChain said a recent $10 million hack was caused by a malicious node operator exploiting a vulnerability. Cointelegraph reported on May 22 that, in a post-incident report, THORChain said the operator exploited a flaw in the GG20 threshold-signatur

NYSE Parent ICE, OKX Plan Perpetual Crude Futures

Intercontinental Exchange, the parent of the New York Stock Exchange, and cryptocurrency exchange OKX are planning to launch crude oil-based perpetual futures. The companies plan to offer perpetual futures contracts on the OKX platform based on Brent

More Than 4,300 New XRP Addresses Created in a Day, Price Gains Remain Limited

More than 4,300 new addresses were created on the XRP Ledger in a single day, even as the token's price remained rangebound. Cointelegraph reported on May 22, citing Santiment data, that more than 4,300 new XRP wallets were created on May 20 alone. D

US House Oversight Committee Opens Insider-Trading Probe Into Kalshi, Polymarket

The U.S. House Committee on Oversight and Government Reform has opened an investigation into insider-trading allegations involving prediction markets. Ublockchain reported on May 22, citing CNBC, that Chairman James Comer is investigating whether gov

AI Tokens Rally as Bitcoin Trades Sideways

Bitcoin (BTC), the largest cryptocurrency, traded sideways during the session, while gains were more pronounced across altcoins. As of 7:30 p.m. Seoul time on May 22, the artificial intelligence and big data sector had jumped 10.27% from a day earlie

Polymarket Says $520,000 Drain Did Not Affect User Funds

Prediction-market platform Polymarket said user funds and its market settlement system remain secure after a recent $520,000 drain. CoinDesk reported on May 22 that Polymarket developers wrote on X that the incident was caused by the exposure of a pr

Bitcoin’s 90-Day Advance Resembles Bull-Market Rally, Not Bear-Market Bounce: Analysis

Bitcoin has extended its upward run for 90 days, in a move that analysts say differs from past bear-market patterns. Cointelegraph reported on May 22 that trader Matthew Hyland wrote on X, formerly Twitter, that the current Bitcoin rally resembles a

Verus Hacker Returns 75% of Stolen Funds, Keeps $2.8 Million as Bounty

The attacker behind the Verus Ethereum bridge exploit returned 4,052 Ether to the project team and kept the remaining 1,350 Ether as a bounty. The Block reported on May 22 that blockchain security firm PeckShield said the attacker sent 4,052.4 Ether,

Hong Kong’s First Stablecoin HKDAP Completes Initial Transaction on Ethereum Mainnet

Hong Kong’s first stablecoin, HKDAP, has completed its first financial transaction on the Ethereum mainnet. Odaily reported on May 22 that Anchorpoint Financial, OSL Group and PantherTrade successfully carried out the transaction using HKDAP. Anchorp

NEAR Protocol Jumps 30% Intraday

NEAR Protocol climbed sharply in intraday trading. As of 4:57 p.m. on May 22, NEAR was trading at $2.25, up 30.05% from a day earlier.

MoonPay Launches 'MoonPay Trade' On-Chain Trading Platform for Institutions

MoonPay, a global crypto payments infrastructure company, said Friday it has launched MoonPay Trade, an on-chain trading infrastructure platform for institutions and businesses. MoonPay Trade provides access to more than 200 blockchains and protocols

Dunamu Marks Bitcoin Pizza Day by Supporting Team Korea Athletes

Dunamu, the operator of digital-asset exchange Upbit, said on May 22 that it held a support event for South Korea’s national team athletes to mark Bitcoin Pizza Day. The company provided pizza and drinks to athletes training at the national training