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blockonomi.com Ripple Mints $200M RLUSD on XRPL, Burns $100M on Ethereum

TLDR Ripple minted $200 million worth of RLUSD on the XRP Ledger, marking the largest single mint in the network’s history. The company also burned $100 million worth of RLUSD on Ethereum on the same day, reducing supply on that blockchain. Total RLUSD minted on XRPL reached $245 million on May 20, while $57.9 million [...] The post Ripple Mints $200M RLUSD on XRPL, Burns $100M on Ethereum appeared first on Blockonomi.

blockonomi.com Cardano DRep Threatens Exit If $33M ADA Proposal Fails Vote

TLDR A top Cardano DRep warned he may sell his ADA and leave the ecosystem if the proposal fails. The warning followed disagreement over a $33 million treasury funding proposal submitted by IOG. Chris O criticized another DRep for abstaining and urged a reconsideration of the vote. He said those opposing the proposal could be [...] The post Cardano DRep Threatens Exit If $33M ADA Proposal Fails Vote appeared first on Blockonomi.

bitcoinmagazine.com Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million

Bitcoin Magazine Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million Trump Media & Technology Group transferred 2,650 Bitcoin (~$205 million) to Crypto.com, signaling a likely pending sale. This post Trump Media (DJT) Moves to Sell Bitcoin as Losses Reach $455 Million first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com Polymarket Faces U.S. Probe Over Possible Insider Trading Activity

TLDR Congress has launched an investigation into Polymarket and Kalshi over insider trading concerns. Lawmakers are examining whether government employees used confidential information to profit on prediction markets. The House Oversight Committee has requested internal records from both platforms to assess compliance systems. James Comer said Congress may introduce legislation to restrict government officials from [...] The post Polymarket Faces U.S. Probe Over Possible Insider Trading Activity appeared first on Blockonomi.

bitcoinmagazine.com Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John’s Pies

Bitcoin Magazine Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John’s Pies Sixteen years ago today, a Florida programmer named Laszlo Hanyecz paid 10,000 Bitcoin for two large Papa John's pizzas. This post Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John’s Pies first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com MSTR Shares Drop as Strategy Insiders Offload Stock Holdings

TLDR Strategy insiders, including CFO Andrew Kang and director Jarrod Patten, sold MSTR shares according to recent SEC filings. Andrew Kang sold 5,597 shares worth about $927,866 after receiving stock through vested restricted stock units. Jarrod Patten sold 5,250 shares valued at roughly $875,087 after exercising stock options at a lower price. Both insiders stated [...] The post MSTR Shares Drop as Strategy Insiders Offload Stock Holdings appeared first on Blockonomi.

bitcoinist.com Market Analyst Accuses XRP Of Being The Biggest Crypto Scam, What’s Going On?

Market analyst Ryker has called out XRP as the biggest crypto scam. The analyst alluded to the token’s inflation and how it is currently trading at a high valuation despite supposedly lacking any real utility.  Analyst Calls Out XRP As Scam Crypto Project In an X post, Ryker again warned that XRP is the biggest […]

cryptobriefing.com US Federal Reserve faces rate hike pressures as stocks rise, dollar nears six-week high amid Iran talks uncertainty

Rising rate expectations and geopolitical tensions could tighten liquidity, impacting risk assets and increasing market volatility. The post US Federal Reserve faces rate hike pressures as stocks rise, dollar nears six-week high amid Iran talks uncertainty appeared first on Crypto Briefing.

news.bitcoin.com Polymarket Suffers $700K Breach After Internal Admin Wallet is Compromised

Blockchain investigator ZachXBT first pointed to a possible hack, indicating that $520K were drained so far. Polymarket acknowledged the security event and stressed that it was taking action after the compromise of an alleged private key, explaining that user funds were safe. Polymarket Faces Security Event: No User Funds Affected Polymarket, one of the largest […]

blockmanity.com The Next Great Hiring Shift: Developers Will Not Be Judged by How Well They Avoid AI, but by How Well They Work With It

For years, the technical interview has been treated almost like a controlled laboratory experiment. A candidate enters an artificial environment, opens a blank editor, receives a problem, and is expected to produce a correct solution under time pressure. No real […] The post The Next Great Hiring Shift: Developers Will Not Be Judged by How Well They Avoid AI, but by How Well They Work With It appeared first on Blockmanity.

bitcoinist.com Billionaire Mark Cuban Reveals He Sold Most Of His Bitcoin: Here’s Why

Mark Cuban said he has sold most of his Bitcoin, arguing that the asset failed to behave as the hedge he expected during a period of geopolitical stress and dollar weakness. Speaking on Portfolio Players by Front Office Sports, released on May 21, 2026, the billionaire investor said it had “lost the plot” after underperforming […]

blockonomi.com House Oversight Chair Launches Insider Trading Probe Into Kalshi and Polymarket

TLDR: Chair Comer demands Kalshi and Polymarket submit identity and trade records by June 5, 2025. A U.S. soldier was arrested for using classified info to earn $400,000 on Polymarket bets. Over 80 Polymarket users placed suspicious trades hours before U.S. and Israeli strikes in Iran. Comer seeks legislation banning government employees and lawmakers from [...] The post House Oversight Chair Launches Insider Trading Probe Into Kalshi and Polymarket appeared first on Blockonomi.

bitcoinist.com Polymarket And Kalshi Are Now Under Congressional Investigation — The Evidence That Triggered It Is Hard To Dismiss

Representative James Comer, Republican of Kentucky and chairman of the House Oversight and Government Reform Committee, announced a formal investigation into prediction market platforms Polymarket and Kalshi on May 22 — demanding that the CEOs of both companies explain how their platforms detect and prevent insider trading, in a probe triggered by a series of […]

forklog.media Polymarket Confirms Private Key Compromise

On-chain investigator ZachXBT suspected an attack on the UMA CTF Adapter contract associated with Polymarket on the Polygon network. The platform's team confirmed awareness of the incident. According to them, the investigation results indicate a possible leak of a wallet's private key used for internal operations to top up accounts, rather than a breach of contracts or a vulnerability in the core infrastructure.  PeckShield specialists confirmed that funds were withdrawn from two addresses. Part of the stolen assets was sent through the non-custodial exchange ChangeNOW. #PeckShieldAlert #ZachXBT reports that the Polymarket UMA CTF Adapter contract on #Polygon has potentially been exploited. 2 addresses (0x871D…9082 and 0xf61e…4805) have been drained of approximately $520K.The attacker has already deposited a portion of the stolen funds… pic.twitter.com/ogne5K58mC— PeckShieldAlert (@PeckShieldAlert) May 22, 2026 Experts at Bubblemaps noted that hackers were withdrawing approximately 5000 POL every 30 seconds. According to the service, the damage amounted to about $700,000. UPDATE: ~$700k exploited• Suspected withdrawals have stopped• Polymarket said the incident was isolated and user funds are safeThe stolen funds were split across 16 addresses and routed through CEXs and other servicesExploiter addresses:… https://t.co/gSXWv7UywX— Bubblemaps (@bubblemaps) May 22, 2026 Polymarket representative Shantikiran Chanal clarified that the incident is related to rewards payout. We’re aware of the security reports linked to rewards payout. User funds and market resolution are safe. Findings point to a private key compromise of a wallet used for internal operations, not contracts or core infrastructure.More updates to follow.— Shantikiran Chanal (@ShantikiranC) May 22, 2026 The UMA CTF Adapter contract is used for market resolution through UMA's Optimistic Oracle. On GitHub, the project is described as an adapter for obtaining resolution data and completing market conditions. Earlier in May, hacking attacks targeted Ekubo, TrustedVolumes, THORChain, Verus, Echo, and Map Protocol. 

forklog.media Starbucks Halts AI Inventory System After Malfunctions

Starbucks has ceased using its AI program for automating inventory operations due to malfunctioning. This was reported by Reuters, citing sources. The application was introduced nine months ago in all North American stores. The tool was part of CEO Brian Niccol's efforts to address the persistent issue of stock shortages in the coffee chain, which he believed led to a decline in sales. The program, intended to improve deficit control, incorrectly counted and labeled products. For instance, it could confuse similar types of milk or omit them entirely. “As of today, the automatic inventory system will be decommissioned. Milk and beverage components will now be accounted for in the same manner as other product categories in the coffee shop,” stated an internal newsletter seen by Reuters. In February, the company reported improved product availability in stores thanks to the AI application. In a new comment to the agency, the firm stated that the service's discontinuation is linked to a decision to “standardize inventory counting across all coffee shops.” Reuters highlighted that employees welcomed the move away from automatic inventory. The idea “was great, but in practice proved difficult to implement.” Back in June 2024, McDonald’s abandoned IBM's AI technology for automated order taking due to customer complaints.

blockonomi.com China Bans Tiger, Futu, and Changqiao for Illegal Cross-Border Stock Trading

TLDR: The CSRC and eight departments launched a two-year plan to eliminate illegal cross-border brokerage services in China. Tiger Brokers, Futu Securities, and Changqiao Securities face full confiscation of illegal gains under Chinese securities law. Existing investors can only sell holdings during the rectification period; new buy transactions are fully prohibited by regulators. Legal channels [...] The post China Bans Tiger, Futu, and Changqiao for Illegal Cross-Border Stock Trading appeared first on Blockonomi.

blockonomi.com Shady UST Collapse Details Emerge as $GRUNTLE Presale Nears $111k Target

Unsealed court filings reveal that Jane Street liquidated massive positions right before the TerraUSD (UST) de-peg, highlighting a $40 billion collapse driven by hidden mechanics. As Bitcoin (BTC) retreats to $77,371 amid broader market uncertainty, retail buyers are shifting toward transparently structured early-stage projects like the Gruntle ($GRUNTLE) presale, which recently crossed $104,130 in its [...] The post Shady UST Collapse Details Emerge as $GRUNTLE Presale Nears $111k Target appeared first on Blockonomi.

news.bitcoin.com NEAR Jumps 30% as $36M Bitwise ETP Adds Weight to AI Token Thesis

The NEAR token jumped 30% to an intraday high of $2.25, marking a 70% increase since the start of May and briefly pushing its market capitalization past $2.9 billion. NEAR Token Surges Past $2 NEAR, the token of the artificial intelligence-native protocol Near, surged on Friday as it crossed the $2 threshold for the first […]

cryptopotato.com Bitcoin Price Prediction: Will BTC Stay Stuck in Consolidation Through the Weekend?

Bitcoin is trading at $77.3k to close out the week, locked in a consolidation that has now been running for nearly two weeks around the $75k–$80k range. The ascending channel from February is intact, the short-term support zone at $75k is holding, and the funding rates are positive again. This shows a market that is […]

themerkle.com KuCoin In The Spotlight For Alleged Complicity In Illicit Crypto Flows, Victim Appeals To ZachXBT

A cryptocurrency user, whose assets were stolen, has reignited the debate around user exchange culpability by offering $100,000 to blockchain investigator ZachXBT as a public bounty for finding his stolen funds. He claims 15 years of savings all vanished from a Trust Wallet account and were transferred to KuCoin which has been accused of ignoring requests from German cybercrime detectives. The emotional argument also reveals an ongoing problem in the crypto ecosystem where victims face challenges when stolen funds are followed to centralized platforms. The victim was able to monitor the state of assets, however attempts to get them back The post KuCoin In The Spotlight For Alleged Complicity In Illicit Crypto Flows, Victim Appeals To ZachXBT appeared first on The Merkle News.

bitcoinist.com Crypto IPO Momentum Builds As Blockchain.com Eyes Public Debut

Blockchain.com has processed over $1 trillion in crypto transactions since its founding in 2011 — and now the company wants Wall Street to take notice. The crypto exchange and wallet platform quietly filed confidential documents with US regulators for an initial public offering, joining a growing list of digital asset firms pushing toward public markets. […]

news.bitcoin.com Happy Bitcoin Pizza Day: Celebrating the $770 Million Delivery

On May 22, 2010, Laszlo Hanyecz completed one of the first BTC commercial transactions ever, exchanging 10,000 BTC for two Papa John’s pizzas, a milestone that still keeps being celebrated even in an age of institutional dominance over the cryptocurrency ecosystem. Bitcoin Pizza Day Keeps Being Celebrated Even After 16 Years While the bitcoin ecosystem […]

forklog.media Ethereum Foundation Faces Criticism Following Departure of Key Members

Dissatisfaction within the Ethereum community has intensified following the departure of several prominent researchers and developers from the Ethereum Foundation. The organization has not provided clear explanations, and critics have linked the situation to issues in governance, strategy, and a growing "brain drain" from the ecosystem.