Crypto
AI Summary
- Regulatory attention is mounting, with calls for scrutiny of Hyperliquid's energy trading practices and ongoing debates around the CLARITY Act, while South Korea plans new rules for tokenized securities and Poland moves forward with revised crypto legislation.
- Major exchanges and financial institutions are making strategic moves, including OKX's potential acquisition in South Korea, Hana Financial's investment in Upbit's operator, and Gemini's significant revenue growth and Bitcoin infusion.
- Security incidents continue to impact the industry, with THORChain halting trading after a suspected $10 million exploit, raising concerns about MPC wallet security.
- The crypto market is experiencing volatility, with Bitcoin facing price pressures from macroeconomic factors and regulatory developments, while altcoins like Hyperliquid's HYPE token see significant price surges.
- Institutional investment remains a key theme, exemplified by Dartmouth's endowment investing in a Solana ETF and JPMorgan disclosing its Solana ETF holdings, alongside Bitcoin miners like IREN securing substantial funding for AI infrastructure.
Sources
Cointelegraph
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ICE, CME press US regulators to 'rein in' Hyperliquid energy trading: Report
an hour ago
by Cointelegraph by Vince Quill
Latest NewsThe Hyperliquid decentralized exchange allows anyone who stakes 500,000 HYPE tokens, valued at roughly $22.2 million, to deploy new markets.
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Solayer launches Visa-compatible card for USDC payments
2 hours ago
by Cointelegraph by Nate Kostar
Latest NewsThe new card lets users spend USDC balances through online, in-store and contactless transactions while accessing ATM withdrawals in supported regions.
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US law firm files motion requesting redistribution of $344M USDt linked to Iran
4 hours ago
by Cointelegraph by Vince Quill
Latest NewsLaw firm Gerstein Harrow LLP is attempting to claim frozen cryptocurrency funds for claimants of unrelated judgments stretching back decades.
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Price predictions 5/15: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH
5 hours ago
by Cointelegraph by Rakesh Upadhyay
MarketsSellers have pulled Bitcoin back below the $79,000 level, but buying may emerge as the price nears the $76,000 support.
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Bitwise launches US-listed Hyperliquid fund with staking rewards
5 hours ago
by Cointelegraph by Nate Kostar
Latest NewsBHYP offers spot exposure to Hyperliquid’s HYPE token and will stake a portion of its holdings through Bitwise’s in-house staking division.
CoinDesk
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U.S. House lawmakers who oversee the CFTC are urging Trump to fill the commission
an hour ago
by Jesse Hamilton
Policy, Regulation, Donald Trump, NewsAs the Commodity Futures Trading Commission takes on a growing task to police U.S. crypto trading, senior lawmakers are saying it needs bipartisan leadership.
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SpaceX targets June 11 IPO pricing, picks Nasdaq for historic market debut
3 hours ago
by Helene Braun
Markets, SpaceX, NewsElon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.
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Saudi Arabia is tokenizing its multi-trillion dollar economy to protect its wealth from global shocks
6 hours ago
by Olivier Acuna
Finance, Tokenization, Stablecoins, NewsThe chairman of droppRWA has secured $12.5 billion in mandates to tokenized real estate and his plans are to go beyond properties to bring trillions of dollars onchain.
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Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink's bridge
7 hours ago
by Francisco Rodrigues
Finance, DeFi, Exclusive, NewsThe shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over the security of cross-chain infrastructure.
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CME, ICE push U.S. regulators to scrutinize Hyperliquid over manipulation risks
7 hours ago
by Helene Braun
Markets, NYSE, NewsCME Group and ICE have reportedly warned the CFTC and Capitol Hill officials that Hyperliquid’s decentralized perpetual futures platform could enable market manipulation and sanctions evasion.
Decrypt
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Drake Calls for Sam Bankman-Fried's Release in New, Critically Panned Album
2 hours ago
by Sander Lutz
BusinessRapper Drake released three new albums on Friday, and described himself on one as “a BTC crypto big-timer.”
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Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1 Billion in Bitcoin Assets
2 hours ago
by Logan Hitchcock
MarketsThe Bitcoin DeFi protocol is moving its assets away from LayerZero following the Kelp DAO exploit that led to the loss of $292 million.
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Hyperliquid Policy Arm Rejects Market Integrity Concerns Amid Oil Futures Surge
3 hours ago
by André Beganski
DeFiDecentralized exchange Hyperliquid has become a popular destination for speculating on oil prices.
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President Trump Discloses Coinbase, Robinhood and Bitcoin Mining Stock Trades
3 hours ago
by Logan Hitchcock
MarketsPresident Donald Trump reported trades in crypto firms like Coinbase and Robinhood, among others, according to new ethics filings.
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Packs of Empty Waymos Are Weirding Out Atlanta Neighborhood
4 hours ago
by Jason Nelson
TechnologyResidents in northwest Atlanta say empty Waymo robotaxis have spent weeks repeatedly circling residential streets early in the morning.
AMBCrypto
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Can XRP’s price recover as whale holdings surge to an 8-year high?
an hour ago
by Benjamin Njiri
Altcoin, News, Ripple, Social, Trading ViewOptions traders have some beliefs about XRP possibility hitting $2.
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LAB dips 24% as market manipulation concerns keep rising: What now?
2 hours ago
by Gladys Makena
Altcoin, News, News 1, Social, Trading ViewZackXBT alleged that LAB insiders orchestrated the recent rally through opaque private loans.
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Toncoin can revisit $1.50 before TON’s next major rally begins – Here’s why
3 hours ago
by Akashnath S
Altcoin, Analysis, HideCryptopanic, News, News 1, No Homepage, Social, Trading ViewToncoin's pullback could halt at $2.01 or reach all the way down $1.12, but a reasonable target is somewhere in between.
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Bitcoin faces make-or-break test at $82.7K after whale’s $57 mln bet
4 hours ago
by Chandan Gupta
Bitcoin, BTC Trading View, News, News 1, Social, Trading ViewBitcoin could rally toward $89.5K if bulls break the key $82.7K resistance.
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THORChain exploit raises fresh concerns over MPC wallet security
4 hours ago
by Adewale Olarinde
News, News 1, Social, Trading ViewTHORChain's latest exploit is drawing attention to possible weaknesses in MPC and threshold-signature wallet infrastructure.