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blockonomi.com Kraken, Coinbase User Hit by $6.7M Crypto Theft and Laundering

TLDR A Kraken and Coinbase user lost about $6.7 million after attackers drained crypto from both exchange accounts. The stolen assets included Ethereum, Bitcoin, and cbBTC withdrawn in a short and coordinated series of transactions. On-chain analyst Specter traced the stolen funds to new wallet addresses across the Ethereum and Bitcoin networks. Attackers moved about [...] The post Kraken, Coinbase User Hit by $6.7M Crypto Theft and Laundering appeared first on Blockonomi.

blockonomi.com Bitcoin Stablecoin Outflow: $1.2 Billion Leaves Binance as BTC Holds at $77.6K

TLDR: Binance recorded a $1.2 billion stablecoin outflow, with $1 billion of that total consisting solely of USDT. The withdrawal follows a recent Bitcoin sell-off, pointing to either short capitulation or spot profit realization. Weekend low-liquidity conditions raise the risk of stop-hunts and leveraged liquidations around the $77,600 zone. Reduced stablecoin reserves on Binance limit [...] The post Bitcoin Stablecoin Outflow: $1.2 Billion Leaves Binance as BTC Holds at $77.6K appeared first on Blockonomi.

blockonomi.com XRP Exchange Flow Shifts as Bybit Deposit Wave Ends, Binance and Coinbase Turn Negative

TLDR: Bybit’s XRP transaction delta returned close to zero around May 16, ending a month-long deposit trend. Sustained deposit activity on Bybit from mid-April to mid-May signaled potential sell-side pressure. Binance and Coinbase have shifted back to negative delta, meaning withdrawals now outpace deposits. The metric tracks transaction count, not token volume, offering a directional [...] The post XRP Exchange Flow Shifts as Bybit Deposit Wave Ends, Binance and Coinbase Turn Negative appeared first on Blockonomi.

news.bitcoin.com USDT Gains $5B as Rivals Shed $4.2B, Marking Increased Dominance

Tether’s USDT has expanded by over $5 billion in the past month, with competing stablecoins including USDC, USDe, and PYUSD shedding a combined $4.2 billion over the same period. Tether Consolidates Grip as Rivals Retreat According to data, USDT’s net growth over the past month stands at roughly $900 million (0.3% of the total supply), […]

news.bitcoin.com SurgeXRP Announces $SGP Token Launch as the XRP Real Estate Marketplace Targets Q3 2026 Launch

PRESS RELEASE. Tallinn, Estonia, May 20th, 2026 | SurgeXRP, a real-world asset marketplace built natively on the XRP Ledger, today announced the launch of its $SGP utility token through a limited 60-day early access presale event beginning May 18th, 2026, ahead of the platform’s public beta release targeted for Q3 2026. The $SGP token is […]

blockonomi.com Fairshake PAC $20M Push Secures Wins in Key US Primaries

TLDR Fairshake PAC spent about $20 million to support candidates in three US primary races. All candidates backed by Fairshake PAC either won their races or advanced to runoffs. The spending targeted elections in Georgia, Alabama, and Kentucky. Affiliates Defend American Jobs and Protect Progress supported both Republican and Democratic candidates. Around $5 million funded [...] The post Fairshake PAC $20M Push Secures Wins in Key US Primaries appeared first on Blockonomi.

bitcoinist.com Washington Targets Iran’s $7 Billion Crypto Network To Cut Off Financial Channels—FOX

US authorities are reportedly stepping up efforts to disrupt Iran’s cryptocurrency activity, as Washington works to choke off financial channels linked to the regime amid escalating tensions in the Middle East.  ‘Breadcrumbs’ In Crypto A FOX Business report released Wednesday points to new figures from a threat-detection data firm estimating that Tehran controls roughly $7.7 […]

bitcoinist.com Bitcoin Seeing A Crucial Shift In Demand Dynamics While Price Action Weakens

As volatility persists in the market, Bitcoin faces a potential retest of the $70,000 price level following the recent pullback. With this waning price action, demand for the flagship asset among investors and traders is exhibiting a trend that could spell trouble for its near-term direction. Demand Patterns For Bitcoin Are Undergoing A Change Bitcoin […]

blockonomi.com Vitalik Buterin Details Ethereum Upgrades to Boost Privacy Features

TLDR Vitalik Buterin outlined new Ethereum upgrades aimed at enabling native onchain privacy for users. The roadmap includes account abstraction FOCIL and keyed nonces to improve transaction confidentiality. FOCIL introduces validator-enforced transaction inclusion to reduce the risk of censorship on the network. Account abstraction allows Ethereum accounts to function like smart contracts with enhanced security [...] The post Vitalik Buterin Details Ethereum Upgrades to Boost Privacy Features appeared first on Blockonomi.

news.bitcoin.com Bitfinex Analysts Warn $85,900 BTC Resistance Could Cap Any Recovery Rally

Bitcoin traders absorbed $584 million in long liquidations on Monday as geopolitical pressure and rising Treasury yields dragged the price toward a key onchain support level, according to Bitfinex analysts. BTC Longs Drop $584M in One Session as Bitcoin Tests May Monthly Open Support The sell-off came as Donald Trump posted on social media about […]

blockonomi.com South Korea Funeral Firm Hit by $33M Loss on Crypto ETF Trade

TLDR A South Korean funeral company reported a $33 million unrealized loss from a leveraged Ethereum ETF investment. The firm used prepaid customer funeral funds to invest in a high-risk crypto-linked exchange-traded fund. The investment dropped from 59.5 billion won to 10.2 billion won by the end of 2025. The ETF aimed to deliver twice [...] The post South Korea Funeral Firm Hit by $33M Loss on Crypto ETF Trade appeared first on Blockonomi.

blockonomi.com Fireblocks Enters x402 Foundation with New AI Payments Suite

TLDR Fireblocks launched an Agentic Payments Suite to support AI-driven blockchain transactions. The company joined the x402 Foundation to help promote a standard payment protocol for AI agents. The new platform includes wallet infrastructure for AI agents to send and receive funds securely. Fireblocks added compliance and settlement tools to support regulated financial institutions. The [...] The post Fireblocks Enters x402 Foundation with New AI Payments Suite appeared first on Blockonomi.

blockonomi.com 21Shares Hyperliquid ETF Hits $14M Volume Days After Debut

TLDR The 21Shares Hyperliquid ETF recorded a rapid increase in daily trading volume within days of its launch. The ETF’s turnover rose from about $1.8 million on its first day to nearly $14.08 million. The surge represents a 682% increase in trading activity over a short period. Bloomberg analyst Eric Balchunas said the growth reflects [...] The post 21Shares Hyperliquid ETF Hits $14M Volume Days After Debut appeared first on Blockonomi.

news.bitcoin.com Wintermute Launches Armitage as $10B Trading Network Expands Into DeFi Lending

Wintermute has introduced Armitage, a new DeFi vault curation platform designed to apply institutional-grade trading and risk management to decentralized lending markets. The first USDC-denominated vaults are already live on Morpho. Wintermute Deploys Active Lending on Morpho With New Vault Curator Crypto market maker Wintermute is expanding deeper into decentralized finance ( DeFi) with the […]

news.bitcoin.com Bitcoin Adds $20B to Crypto Economy as Traders Defend $77,000 Support

Bitcoin experienced volatile, range-bound trading, repeatedly struggling to sustain a breakout above $77,000. After a midnight surge from $76,700 to $77,200, it hit an intraday high of $77,604 before stabilizing around $77,500. Bitcoin Volatility Tightens Near $77K Resistance Bitcoin endured another grueling stretch of range-bound consolidation, routinely failing to cement a definitive breakout above the […]

blockonomi.com EU Opens MiCA Review to Test Crypto Rules Against Market Changes

TLDR The European Commission has launched a public consultation to review whether MiCA remains suitable for evolving crypto markets. Stakeholders, including crypto firms, banks, and the public, can submit feedback until Aug. 31. The review will assess how MiCA performs after its full implementation across the European Union in 2024. Officials are examining both legal [...] The post EU Opens MiCA Review to Test Crypto Rules Against Market Changes appeared first on Blockonomi.

bitcoinmagazine.com VerifiedX Brings Native Bitcoin Redemption and FROST Privacy to Base DeFi with Fireblocks Integration

Bitcoin Magazine VerifiedX Brings Native Bitcoin Redemption and FROST Privacy to Base DeFi with Fireblocks Integration Backed by FROST MPC threshold signatures and a Halborn audit, vBTC.b enables collateralized borrowing, yield strategies, and AI-agent commerce while preserving Bitcoin’s core properties. This post VerifiedX Brings Native Bitcoin Redemption and FROST Privacy to Base DeFi with Fireblocks Integration first appeared on Bitcoin Magazine and is written by Juan Galt.

blockonomi.com Kraken, Coinbase User Hit by $6.7M Crypto Theft and Laundering

TLDR A Kraken and Coinbase user lost about $6.7 million after attackers drained crypto from both exchange accounts. The stolen assets included Ethereum, Bitcoin, and cbBTC withdrawn in a short and coordinated series of transactions. On-chain analyst Specter traced the stolen funds to new wallet addresses across the Ethereum and Bitcoin networks. Attackers moved about [...] The post Kraken, Coinbase User Hit by $6.7M Crypto Theft and Laundering appeared first on Blockonomi.

blockonomi.com European Commission Reviews MiCA as Global Crypto Regulation Race Heats Up

TLDR: The European Commission opened a formal MiCA consultation open to the public through Aug. 31, 2026. Two consultation tracks run in parallel — one for the public and one for technical industry stakeholders. Coinbase’s Europe policy head backed targeted MiCA improvements while opposing a reopening of core principles. The ECB supported centralizing supervision of [...] The post European Commission Reviews MiCA as Global Crypto Regulation Race Heats Up appeared first on Blockonomi.

blockonomi.com Market Spotlight: Nvidia (NVDA) Earnings, ASML Rally, Strategy (MSTR) Target Hike, and Target’s (TGT) Strong Quarter

Nvidia earnings loom as ASML surges 6.7%, Strategy gets $400 target from TD Cowen, and Target beats estimates. Today's critical market stories analyzed. The post Market Spotlight: Nvidia (NVDA) Earnings, ASML Rally, Strategy (MSTR) Target Hike, and Target’s (TGT) Strong Quarter appeared first on Blockonomi.

blockonomi.com Dragonfly Leads $50M Round for Arbitrum Platform Variational

TLDR Variational raised $50 million in a Series A round led by Dragonfly Capital. Bain Capital Crypto and Coinbase Ventures also participated in the funding round. The Arbitrum-based platform focuses on onchain derivatives and real-world asset trading. The company launched Phase 1 of its rollout with gold, silver, copper, and oil markets. Variational plans to [...] The post Dragonfly Leads $50M Round for Arbitrum Platform Variational appeared first on Blockonomi.

blockonomi.com Strategy (MSTR) Stock Surges on TD Cowen’s $400 Price Target After Massive Bitcoin Acquisition

TD Cowen raises Strategy (MSTR) price target to $400 after $2B Bitcoin buy. Analysts see 143% upside as company holds 843,738 BTC. Strong Buy consensus. The post Strategy (MSTR) Stock Surges on TD Cowen’s $400 Price Target After Massive Bitcoin Acquisition appeared first on Blockonomi.

bitcoinist.com XRP Whales Have Just Set An 8-Year Record, Is This The Start Of The Next Bull Run?

More of XRP’s supply is being chipped away, as whales continue to accumulate the token, increasing their control of the cryptocurrency. According to new reports from on-chain analytics platform Santiment, Whales are currently holding over 450 billion coins, setting a record 8-year high. With more tokens being swallowed up by this group of investors, speculation […]

news.bitcoin.com Bitcoin at Risk as Capriole Warns 3.8% Inflation Has Historically Preceded 30% Market Crashes

Crypto investment firm Capriole Investments is sounding the alarm on elevated inflation, warning that every historical instance of inflation reaching current levels has been followed by an average market crash of 30% over the next one to 24 months. Historical Data Paints a Bleak Picture Capriole Investments highlighted a pattern that has held across decades […]

blockonomi.com OpenAI Moves Closer to IPO with Confidential Filing Plans

TLDR OpenAI is preparing to confidentially file its IPO prospectus as soon as Friday, according to a source. The company is working with Goldman Sachs and Morgan Stanley on the planned public offering. OpenAI is currently valued at more than $850 billion by private investors. The company has raised over $180 billion and continues to [...] The post OpenAI Moves Closer to IPO with Confidential Filing Plans appeared first on Blockonomi.

blockonomi.com Anchorage Digital Named Custody and Infrastructure Partner for 3iQ’s Canadian Digital Asset Funds

TLDR: Anchorage Digital, the first OCC-regulated crypto bank in the US, will custody six of 3iQ’s TSX-listed ETPs. Its cold storage architecture settles trades without hot wallets, strengthening investor protection at every fund stage. The Atlas settlement network removes intermediary wallets, boosting capital efficiency across 3iQ’s trading operations. The deal expands 3iQ’s staking capabilities, letting [...] The post Anchorage Digital Named Custody and Infrastructure Partner for 3iQ’s Canadian Digital Asset Funds appeared first on Blockonomi.

blockonomi.com MoneyGram Joins Tempo Blockchain as Anchor Remittance Validator

TLDR MoneyGram has been named the anchor remittance validator for the Tempo blockchain developed by Stripe and Paradigm. The company will validate remittance transactions on Tempo’s Layer 1 network. MoneyGram will also integrate stablecoin settlement into its global payment flows. Tempo is designed to support institutional use cases, including remittances, retail payments, and treasury operations. [...] The post MoneyGram Joins Tempo Blockchain as Anchor Remittance Validator appeared first on Blockonomi.