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blockonomi.com ZachXBT Flags Possible $10M StablR Exploit as EURR and USDR Stablecoins Sink 20%

TLDR: ZachXBT linked multiple wallets to the reported StablR exploit involving nearly $10 million. EURR and USDR dropped over 20% as traders rushed to exit amid liquidity pressure. Security teams reportedly froze six figures while the exploit remained active on-chain. Investigators suspect compromised multi-signature access rather than a smart contract failure. StablR exploit concerns rattled [...] The post ZachXBT Flags Possible $10M StablR Exploit as EURR and USDR Stablecoins Sink 20% appeared first on Blockonomi.

blockmanity.com The Hidden Crime Wave in Crypto Kiosks Most People Never See

Why Crypto Kiosks Are Raising Red Flags Cryptocurrency kiosks, also called crypto ATMs, have popped up in many cities and towns. They let people buy or sell digital coins like Bitcoin using cash or cards. At first glance, they seem […] The post The Hidden Crime Wave in Crypto Kiosks Most People Never See appeared first on Blockmanity.

forklog.media The week in crypto: SpaceX holds 18,712 BTC and Iran offers bitcoin insurance

SpaceX disclosed reserves of 18,712 BTC; Elon Musk lost his case against Sam Altman and OpenAI; Iran rolled out bitcoin-based ship insurance; and other developments of the past week. A $77,000 ceiling for bitcoin The leading cryptocurrency began the week above $78,000, but on May 21 slipped below that level. Continued outflows from bitcoin-ETFs and weak spot demand weighed on the market. On May 23 the price fell below $75,000. The pullback began the previous day amid fears of new U.S. strikes on Iran. On Sunday the price moved to recover after U.S. President Donald Trump said talks between the countries would continue and shipping in the Strait of Hormuz would reopen. However, at the time of writing the cryptocurrency had not managed to hold above $77,000. Hourly chart of BTC/USD on Binance. Data: TradingView.  Over the week, bitcoin fell by roughly 2.1%. Major altcoins by market value moved in different directions. Dogecoin, XRP and Ethereum underperformed the bellwether, dropping 7.9%, 4.5% and 4.2% respectively. Solana slipped 1.2%. HYPE jumped 45.4%. BNB and TRON also finished in the black, up 2.4% and 0.5%. Source: CoinMarketCap. Spot bitcoin-ETFs ended a six-week streak of net inflows and shed $1.26bn. On Monday, investors withdrew $648.6m from the products — the largest daily outflow since January. Source: SoSoValue. Ethereum funds lost $216m over the week, extending their negative run. Source: SoSoValue. The crypto Fear and Greed Index fell alongside bitcoin’s price from 27 to 25, entering territory that signals extreme investor fear. Source: Alternative.me. Total market capitalisation rose 3% over the period to $2.57trn. Bitcoin’s dominance slipped to 59.9%, while Ethereum’s share fell below 10%. SpaceX disclosed bitcoin reserves in its IPO filing Elon Musk’s SpaceX filed a public registration statement with the SEC for an IPO. According to its S-1, as of March 31 the firm held 18,712 BTC acquired for $661m. The average purchase price was $35,300 per coin, and the reserve’s market value at quarter-end was $1.29bn. SpaceX plans to list on Nasdaq under the ticker SPCX. Media estimate the company’s valuation could be about $1.75trn. If the Commission approves the offering, SpaceX will be among the largest public companies with corporate reserves in the leading cryptocurrency. By bitcoin holdings, it already surpasses Coinbase, which holds 16,492 BTC. What to discuss with friends? Bitcoin Depot will shut down a network of 9,000 crypto ATMs Google released the “most powerful” Gemini AI model Researchers uncovered the “biggest military insider” on Polymarket Media: the Pentagon set up a unit to deploy hacker AI models Iran launches ship insurance platform with bitcoin payments to bypass SWIFT Iranian authorities launched the Hormuz Safe digital platform to insure vessels in the Persian Gulf and the Strait of Hormuz. The service accepts payment in bitcoin and other cryptocurrencies. The project is overseen by the country’s Ministry of Economy. Its main goal is to bypass the SWIFT system and Western intermediaries under sanctions. The insurance covers the risks of inspection, detention and confiscation of ships. According to Fars, Iranian authorities expect to earn more than $10bn if the platform succeeds. Earlier, industry representatives discussed collecting transit fees from tankers in bitcoin or yuan. Such payments could reach $2m per vessel depending on cargo volume. Musk lost his lawsuit against Sam Altman and OpenAI A federal court in Oakland dismissed Elon Musk’s suit against Sam Altman, Greg Brockman, OpenAI and Microsoft because it was filed too late. According to the nine jurors, the claims were time-barred. Deliberations took less than two hours. In the case, Musk claimed that OpenAI had abandoned its original non-profit mission and effectively become a profit-driven enterprise. Timing proved decisive for the jury’s decision in favour of the AI company. Judge Yvonne Gonzalez Rogers also criticised the plaintiff’s claimed damages of $78.8bn to $135bn. Also on ForkLog: Imec unveiled the first device based on quantum dot qubits AmericanFortress proposed another way to protect bitcoin from the quantum threat Saudi Arabia launched its first quantum computer The United States will invest $2bn in quantum technologies amid competition with China Trump signs order on crypto firms’ access to payment infrastructure On May 19 U.S. President Donald Trump signed an order on integrating digital assets into the traditional financial system and reviewing crypto companies’ access to payment infrastructure. Within 90 days, heads of federal financial regulators must review existing rules and determine which of them impede companies from obtaining banking licences and deposit insurance. They have 180 days to implement measures to support innovation following the review. A separate block of the order concerns the Federal Reserve System. The White House instructed it to assess within 120 days the possibility of providing direct access to master accounts and services at reserve banks for “non-insured depository institutions and non-bank financial companies.” The Fed has already proposed a “light” version of access to the central bank’s infrastructure for crypto firms and the fintech sector. The initiative would introduce a new type of account — payment accounts — aimed exclusively at clearing and settlement. What else to read? We explained how a hedge fund run by former OpenAI staffer Leopold Aschenbrenner drew Wall Street’s attention with one of the most profitable AI portfolios of the past two years. We examined what remains in the Web3 industry of the original cypherpunk ideology embedded in bitcoin by Satoshi. We compiled our traditional weekly digest of the most notable security events.

blockonomi.com Bitcoin Short-Term Holder Market Cap Falls $65B After Korean Exchange Volume Divergence

TLDR: Upbit recorded its largest-ever negative Bitcoin spot volume at -$9.3B on May 19, 2026. Bithumb Korea added -$1.8B in negative volume, bringing the combined Korean total to -$11.12B. Bitcoin’s Short-Term Holder Market Cap dropped from $388B to $323B between May 21 and May 24. The $65B STH Market Cap decline pushed the metric back [...] The post Bitcoin Short-Term Holder Market Cap Falls $65B After Korean Exchange Volume Divergence appeared first on Blockonomi.

blockonomi.com Binance Top Traders Go 69% Long on DOGE, Betting on $1 Target

TLDR: Binance’s highest-volume traders now hold over 69% long exposure on Dogecoin, per the latest positioning data. The long/short ratio crossed 2.2, driven by position size increases rather than a rise in trader headcount. DOGE’s current monthly consolidation structurally resembles the quiet phases before its 2017 and 2021 surges. Bitcoin-driven capital rotation into meme assets [...] The post Binance Top Traders Go 69% Long on DOGE, Betting on $1 Target appeared first on Blockonomi.

blockonomi.com Perpetual DEX Platforms Gain Ground as CEX Volume Drops in 2026

TLDR: Top 11 CEX platforms saw monthly average perp volume fall from $7.11T in 2025 to $4.69T in early 2026. Perpetual DEX volume rose from $1.50T in 2024 to $6.38T in 2025, with monthly averages still climbing in 2026. The perp DEX-to-CEX volume ratio peaked at 13% before cooling to 10% in April 2026, up [...] The post Perpetual DEX Platforms Gain Ground as CEX Volume Drops in 2026 appeared first on Blockonomi.

bitcoinist.com FTX Lawyers Pay $54M In Settlement Over Services Rendered To Exchange – Details

In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct […]

blockonomi.com Sui Network Surges 60% in Daily Activity While Outpacing Aptos in Key Metrics

TLDR: Sui Network recorded a 60% daily activity surge, processing 4.38 million transactions in 24 hours. Sui’s DeFi TVL stands at $2.6 billion, more than double Aptos’ $1.0 billion locked value total. Sui’s market cap of $4.11 billion sits at a 5.4:1 ratio above Aptos’ compressed $757 million cap. APT has fallen 96% from its [...] The post Sui Network Surges 60% in Daily Activity While Outpacing Aptos in Key Metrics appeared first on Blockonomi.

news.bitcoin.com Gold Slides 0.7% as DXY Holds Near 99.32 and 10-Year Yields Push Toward 4.6%

Gold traded near $4,509 per ounce on Sunday and finished the week down roughly $30 to $35 as a firm dollar and climbing Treasury yields kept buyers cautious. Gold Faced Headwinds This Week Spot gold opened the May 17-24 period near $4,540 and spent most of the week oscillating between $4,480 and $4,566. Daily swings […]

blockonomi.com Algorand Moves Beyond Speed: How Transaction Finality Is Driving Real-World Adoption

TLDR: Algorand confirms transactions at the protocol level, making reversals or reorganizations technically impossible after confirmation. HesabPay used Algorand infrastructure to distribute over $30 million in humanitarian aid to more than one million people. Institutions exploring tokenized deposits and programmable payments require settlement certainty, not just high transaction throughput. As AI-driven autonomous transactions grow, deterministic [...] The post Algorand Moves Beyond Speed: How Transaction Finality Is Driving Real-World Adoption appeared first on Blockonomi.

blockonomi.com Bitcoin Whale Accumulation Expands as Exchange Balances Continue to Decline

TLDR: Whales match 2025 BTC buying in five months, showing accelerated absorption across 2026 cycle behavior trends Accumulation began near 2023 lows and extends through elevated BTC price zones without major distribution phases emerging Exchange reserves continue falling as ETF demand and custody flows reduce available Bitcoin liquidity across markets Order book depth weakens on [...] The post Bitcoin Whale Accumulation Expands as Exchange Balances Continue to Decline appeared first on Blockonomi.

blockonomi.com S. Korea’s Kospi Hits ATH Even as $74B in Global Funds Exit Korean Stocks

TLDR: Foreign investors net sold 91.13 trillion won on the Kospi yet ownership rose to a record 39.43% of the market cap.  Strategic retention of AI and memory chip stocks like Samsung and SK Hynix inflated total foreign portfolio values.  Retail investors absorbed heavy foreign outflows through direct purchases and leveraged ETFs, raising correction risks.  [...] The post S. Korea’s Kospi Hits ATH Even as $74B in Global Funds Exit Korean Stocks appeared first on Blockonomi.

news.bitcoin.com NEAR Protocol Jumps 54% Weekly as Short Sellers Cover and AI Rotation Accelerates

NEAR Protocol traded around $2.41 Sunday, up roughly 54% over seven days and 13% in the past 24 hours, as a short squeeze, artificial intelligence (AI)-sector rotation, and a chain abstraction product story converged at the same time. NEAR Surges as AI Narrative and Cow Swap Integration Draw Traders The most immediate driver was mechanical. […]

blockonomi.com Ethereum Price Holds Near $2,000 as Institutional Flows and Liquidation Shifts Emerge

TLDR: Ethereum price remains near $2,000 while controlling 55% of tokenized assets across on-chain finance networks globally Over 39.1M ETH is staked, with an additional 3.49M ETH awaiting validation entry amid tightening supply conditions Short liquidation clusters above $2,100 increase volatility risk as leverage resets across derivatives markets rapidly Ethereum price structure shows reduced downside [...] The post Ethereum Price Holds Near $2,000 as Institutional Flows and Liquidation Shifts Emerge appeared first on Blockonomi.

blockonomi.com Tokenized Gold Hits $5B as Safe-Haven Demand Surges Across Crypto Markets

TLDR: Tokenized gold now represents nearly the entire blockchain-based commodity market worldwide. a16z Crypto data shows tokenized silver and oil products remain far behind gold adoption. Ethereum leads the tokenized asset sector with over $15 billion in on-chain value locked. Investors increasingly use tokenized gold for defensive exposure during market uncertainty periods. Tokenized gold has [...] The post Tokenized Gold Hits $5B as Safe-Haven Demand Surges Across Crypto Markets appeared first on Blockonomi.

blockonomi.com ZachXBT Flags Possible $10M StablR Exploit as EURR and USDR Stablecoins Sink 20%

TLDR: ZachXBT linked multiple wallets to the reported StablR exploit involving nearly $10 million. EURR and USDR dropped over 20% as traders rushed to exit amid liquidity pressure. Security teams reportedly froze six figures while the exploit remained active on-chain. Investigators suspect compromised multi-signature access rather than a smart contract failure. StablR exploit concerns rattled [...] The post ZachXBT Flags Possible $10M StablR Exploit as EURR and USDR Stablecoins Sink 20% appeared first on Blockonomi.

blockonomi.com Binance Rejects Claims Linking Exchange to $850M in Iran-Connected Crypto Flows

TLDR: Binance denied allegations tying $850M in Iran-linked crypto flows directly to its exchange platform. The WSJ report cited blockchain data and compliance documents tied to Iranian payment networks. Binance said sanctions-linked exposure fell sharply after expanding compliance and monitoring systems. U.S. authorities continue reviewing whether Iranian-linked entities used Binance to evade sanctions. Binance Iran-Linked [...] The post Binance Rejects Claims Linking Exchange to $850M in Iran-Connected Crypto Flows appeared first on Blockonomi.

blockonomi.com Kalshi Traders Predict Deeper Bitcoin Pullback to $54K Amid Weak Spot Buying

TLDR: Bitcoin spot demand has dropped to its weakest level since mid-January market activity. Whale Factor warns recent BTC rallies lacked strong institutional spot buying support. Kalshi traders now forecast Bitcoin could revisit the crucial $54,000 support region. Slowing ETF inflows continue to increase volatility risks across the broader crypto market. Bitcoin Spot Demand has [...] The post Kalshi Traders Predict Deeper Bitcoin Pullback to $54K Amid Weak Spot Buying appeared first on Blockonomi.

blockonomi.com Vast and NVIDIA Are Building Orbital AI Infrastructure as Trust Emerges as Core Challenge

TLDR: Vast’s 15-kW satellite buses with NVIDIA Space-1 modules turn orbiting hardware into autonomous AI compute nodes. Intel’s FPGA and trusted execution tech provides the hardened verification layer beneath NVIDIA’s orbital inference stack. EQTY Lab and Hedera Consensus Service together produce provable AI output anchored with immutable attestation records. No formal alliance exists yet, but [...] The post Vast and NVIDIA Are Building Orbital AI Infrastructure as Trust Emerges as Core Challenge appeared first on Blockonomi.

cryptobriefing.com Iran threatens to destroy commercial vessels in international waters, Rubio says, as crypto scams exploit the chaos

Iran's threats disrupt global trade, heightening regulatory scrutiny on crypto scams exploiting maritime chaos, potentially tightening controls. The post Iran threatens to destroy commercial vessels in international waters, Rubio says, as crypto scams exploit the chaos appeared first on Crypto Briefing.

blockonomi.com Solana Q1 Performance Defies Market Slump With Record Transactions and Rising App Revenue

TLDR: Solana recorded 112.6M average daily non-vote transactions in Q1, marking a new all-time high for the network. Launchpad platforms generated $144M, making up 42% of total Solana app revenue in the first quarter of 2025. Solana’s RWA market cap grew 43% QoQ to $2.01B, with BlackRock’s BUIDL fund doubling to $525.4M in Q1. Solana [...] The post Solana Q1 Performance Defies Market Slump With Record Transactions and Rising App Revenue appeared first on Blockonomi.

cryptobriefing.com Russia launches massive aerial assault on Kyiv with Oreshnik hypersonic missile, crypto markets brace for ripple effects

The escalation may intensify regulatory scrutiny on crypto markets, impacting stablecoin compliance and potentially compressing valuations. The post Russia launches massive aerial assault on Kyiv with Oreshnik hypersonic missile, crypto markets brace for ripple effects appeared first on Crypto Briefing.

blockonomi.com Kooc Media Now Offering PR and News Coverage for AI Platforms

AI platforms are launching at an unprecedented rate, but most of them face the same problem: nobody knows they exist. Building the technology is one thing. Getting it covered by the media is something else entirely. Kooc Media, a PR distribution agency that has been delivering guaranteed press coverage for crypto, fintech and iGaming companies [...] The post Kooc Media Now Offering PR and News Coverage for AI Platforms appeared first on Blockonomi.

news.bitcoin.com MiCA Compliant Euro Stablecoin Depegs to $0.85 After 1-of-3 Multisig Exploit Drains Millions

Malta-based stablecoin issuer StablR suffered a security incident on Sunday, after an attacker exploited a weak multisig configuration to mint millions of unbacked EURR and USDR tokens and dump them on decentralized exchange ( DEX) platforms. EURR Drops 24%, and USDR Falls 37% as StablR’s Two Stablecoins Depeg After Key Exploit Reports say the breach […]

cryptobriefing.com Russia launches massive aerial assault on Kyiv with Oreshnik hypersonic missile, raising geopolitical stakes for crypto markets

The escalation may intensify regulatory scrutiny on crypto markets, impacting stablecoin compliance and potentially compressing valuations. The post Russia launches massive aerial assault on Kyiv with Oreshnik hypersonic missile, raising geopolitical stakes for crypto markets appeared first on Crypto Briefing.

cryptobriefing.com Iran refuses to hand over highly enriched uranium stockpile, adding fresh uncertainty to global markets

Iran's stance heightens geopolitical tensions, impacting global oil markets and complicating diplomatic efforts, with potential for escalated sanctions. The post Iran refuses to hand over highly enriched uranium stockpile, adding fresh uncertainty to global markets appeared first on Crypto Briefing.

bitcoinist.com Ethereum Price Stuck In Downtrend Despite Strong Spot Demand

The Ethereum price resumed its downtrend on Friday, May 22, after consolidating throughout the week. As a result of this distribution round, the second-largest cryptocurrency dropped by approximately 6.2%, forming a local bottom at $2,020.  Although Ethereum has an ostensibly bearish structure, a recent on-chain analysis has revealed notable buying activity in its market. Yet, […]

cryptobriefing.com Charles Hoskinson reviews governance models from 11,000 DAOs to enhance Cardano’s conflict resolution

Cardano's governance review could set a precedent for resolving blockchain conflicts, potentially enhancing investor confidence and system stability. The post Charles Hoskinson reviews governance models from 11,000 DAOs to enhance Cardano’s conflict resolution appeared first on Crypto Briefing.

news.bitcoin.com HYPE Brothers Wax, ETH Brothers Wane – Week In Review

This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Key Takeaways. Bitcoin lost $80K as ETF demand […]

forklog.media William Mougayar Defends Ethereum Foundation Against Community Criticism

Blockchain researcher and investor William Mougayar has defended the Ethereum Foundation (EF), stating that the organization is "doing exactly what it was created for." https://t.co/TCA3lPwh3W— William Mougayar (@wmougayar) May 24, 2026 In an essay titled Leave the Foundation Alone, the author of "The Business Blockchain" wrote: "It is not a corporation. It was never intended to be one. The sooner the market accepts this, the sooner the noise around it will become irrelevant."  The statement was prompted by growing criticism of the EF amid weak ETH performance, the foundation's coin sales, and accusations of insufficient ecosystem support. Mougayar emphasized that the organization should not be involved in promoting the cryptocurrency's price or institutional marketing of the network. "The Ethereum Foundation does not market ETH, pump your portfolios, or conduct roadshows for institutions — that is not its function," he wrote. The Foundation is on a Path of "Self-Diminishment" According to Mougayar, the Ethereum Foundation is consciously aiming to become less significant to the ecosystem over time, rather than increasing its control over it. He noted that the organization: funds fundamental research; advances scaling; works on privacy; explores post-quantum resilience; enhances Ethereum's compatibility with AI; supports developer standards. The researcher compared the community's expectations of the Ethereum Foundation to expecting the IETF to buy advertising slots for the TCP/IP protocol during the Super Bowl. Mougayar also urged distinguishing between three different entities: ETH (as a cryptocurrency), Ethereum (the infrastructure), and EF (the organization). In his view, conflating these concepts leads to misguided expectations and "erroneous forecasts." In March, the EF published an updated mandate, reaffirming the principle of minimal intervention in the network's development.

blockonomi.com Five Key Stocks to Monitor Next Week: Marvell, Dell, Salesforce, Costco, and Tesla Take Center Stage

Track Marvell, Dell, Salesforce, Costco, and Tesla next week as earnings reveal the state of AI infrastructure, software demand, and consumer spending. The post Five Key Stocks to Monitor Next Week: Marvell, Dell, Salesforce, Costco, and Tesla Take Center Stage appeared first on Blockonomi.

blockonomi.com VELO Protocol Emerges as a Key Player in the Next Generation of Global Payment Infrastructure

TLDR: Velo and Lightnet share ties to CP Group, giving the ecosystem deep regulatory and banking access across Asia USDV is backed by BlackRock’s BUIDL fund via Securitize, making it a regulated, yield-bearing settlement asset. mBridge, the BIS-backed multi-CBDC platform, mirrors the exact settlement architecture Velo has been building. Regional V-Stablecoins tied to local fiat [...] The post VELO Protocol Emerges as a Key Player in the Next Generation of Global Payment Infrastructure appeared first on Blockonomi.

bitcoinist.com Ethereum Smart Money Might Be Repeating This Playbook — ETH Soared 173% Last Time

After a fairly good performance in April, the Ethereum price has reversed almost all its recent gains over the past month. As it crumbled under the weight of the bears heading into the weekend, the altcoin eventually found a cushion of support just above $2,000 in the early hours of Saturday. However, the Ethereum token seems […]

bitcoinist.com Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

The 13 US Bitcoin Spot ETFs closed out last week with $1.26 billion in net withdrawals, amid significant price losses in the broader crypto market. Notably, data from SoSoValue shows this is the heaviest outflow from the Bitcoin ETF market since the last week in January, when investors’ activity resulted in a net loss of […]

blockonomi.com TAO ETF Catalyst vs NEAR On-Chain Dominance: The AI Crypto Battle That Actually Matters in 2026

TLDR: TAO carries a 447x price-to-fees ratio versus NEAR’s 87x, making it nearly 5x more expensive on fundamentals. NEAR generates 7.6x more daily app fees than TAO, backed by $183M in TVL and 37 active DeFi protocols. Bittensor pays up to $148M yearly in emissions but earns only $3M–$15M in real revenue, a 50x subsidy [...] The post TAO ETF Catalyst vs NEAR On-Chain Dominance: The AI Crypto Battle That Actually Matters in 2026 appeared first on Blockonomi.

blockonomi.com Binance Australia Mandates Sender and Beneficiary Info for All Crypto Transfers Starting July 1, 2026

TLDR: Binance Australia will require sender and beneficiary details for all crypto transfers from July 1, 2026. Australian users must re-login to Binance accounts on July 1 as part of the mandatory system update rollout. Transactions missing required sender or beneficiary information may be delayed, rejected, or returned to origin. Users sending crypto to themselves [...] The post Binance Australia Mandates Sender and Beneficiary Info for All Crypto Transfers Starting July 1, 2026 appeared first on Blockonomi.

news.bitcoin.com Libra Trust Prepares to Distribute Controversial Crypto Millions to Argentine Companies

Over a year after the token’s demise, the Libra Trust has arranged a strategy to fund nearly 71 companies that have applied for this support. The Trust has close to $110 million to invest in this task, transferred by Hayden Davis, CEO of Kelsier Ventures and one of the faces behind Libra. Libra Trust Set […]