Industry News

  • Bitcoin Burn Wallet Absorbs $8.2M as Unknown User Destroys 107 BTC in Mystery Transfer26 May 2026 14:34A bitcoin burning with a chart backdrop.On Tuesday, onchain analyst and founder of Timechainindex.com Sani flagged a bitcoin transaction in which the owner transferred 107 BTC, valued at $8.2 million at current exchange rates, to a burn address, rendering the funds permanently inaccessible and impossible to spend. Bitcoin Burn Wallet Jumps to 807 BTC After Mystery User Burns $8.2 Million According […]
  • Bitwise Launches Canton ETP on Deutsche Börse26 May 2026 13:30Building with Bitwise logo on itBitwise has introduced a new exchange-traded product tied to Canton Network’s native token, offering investors regulated exposure to a blockchain platform designed for capital markets. Canton Network Attracts Institutional Investors Through New Bitwise Crypto Product Bitwise Asset Management has launched a new exchange-traded product (ETP) tied to the Canton Network, marking another step in the […]
  • Strategy Cuts $1.5B in Convertible Debt and Grows Bitcoin Holdings to 843,738 BTC26 May 2026 12:36Strategy founder Michael Saylor on stage speaking.Strategy retired $1.5 billion in convertible debt at a discount on Tuesday and disclosed it now holds 843,738 bitcoin, reflecting a year-to-date BTC Yield of 13.3%. Strategy Retires $1.5 Billion in Debt at 8% Discount and Adds 24,869 Bitcoin The Tysons Corner, Virginia-based company repurchased $1.5 billion aggregate principal amount of its 0% Convertible Senior […]
  • Kraken’s ETH Deposit Highlights Restaking Paradox: Eigencloud’s $6.5B TVL vs EIGEN’s 96% Price Decline26 May 2026 11:30Crypto exchange Kraken has deposited ether into Eigencloud, the leading restaking protocol on the Ethereum network, even as the platform’s native EIGEN token trades roughly 96% below its all-time high despite holding over $6.5 billion in total value locked. Kraken Deposit Signals Institutional Interest in Ethereum Restaking Kraken, one of the largest U.S.-based cryptocurrency exchanges, […]
  • Whale Dumps $100M ETH Short, Pivots to $13.4M Bitcoin Bet at 20x Leverage26 May 2026 10:30An onchain trader has abandoned a $100 million ether short position after absorbing a $260,000 loss and immediately reversed course, opening a leveraged 20x long bet on bitcoin worth $13.43 million. Trader Flips From ETH Short to Leveraged Bitcoin Long A pseudonymous high- leverage trader closed a short position on ether ( ETH) worth over […]
  • Hyperliquid Expands Beyond Perps With Validator-Driven Prediction Markets for Offchain Events26 May 2026 09:30Hyperliquid, the decentralized perpetual futures platform with over $5.5 billion in total value locked, has launched canonical prediction markets for real-world offchain events, powered by automated software run by its validator network. Validator-Based Markets Enter the Fray Hyperliquid, the L1 best known for its perpetual futures exchange, announced on May 26 that it now supports […]
  • Bitcoin Slides Below $77K as US Military Strikes on Iran Shake Risk Appetite26 May 2026 09:05Following reports of U.S. Navy strikes against targets in Iran, bitcoin dropped nearly $800 in over three hours on Monday night, slipping below $77,000 and wiping out roughly $20 billion in market capitalization. Market Reaction to Geopolitical Shocks Bitcoin slipped back below $77,000 late Monday after reports that the U.S. Navy had struck targets in […]
  • Ondo Finance Confirms Founder Nathan Allman’s Death, Appoints Ian De Bode as CEO26 May 2026 08:30Ondo Finance, one of the leading real-world asset tokenization protocols with over $3.79 billion in total value locked, has confirmed the unexpected death of its founder Nathan Allman. Ian De Bode has been named the new chief executive officer, effective immediately. Filling Big Shoes Ondo Finance, a blockchain protocol that brings traditional financial instruments onchain, […]
  • Russia Tells Visa and Mastercard to Finally Leave as Market Share Plummets Below 17%26 May 2026 07:30Russia Tells Visa and Mastercard to Finally Leave as Market Share Plummets Below 17%The statements by Alla Bakina, Director of the Bank of Russia’s National Payment System Department, are supported by the low adoption of these cards in the Russian Federation, which stands at less than 17%. Mir Cards and other payments have substituted Mastercard and Visa. Mastercard and Visa Card Adoption Falls Under 17% in Russia While […]
  • Tether Partners With Georgia Government to Launch GELT Stablecoin26 May 2026 06:30USDT coin held by vice with Georgia flag in backgroundTether plans to introduce GELT, a Georgian lari-backed stablecoin developed with support from the Georgian government. The initiative positions Georgia among the first countries to integrate a national currency directly into blockchain-based financial infrastructure under a dedicated regulatory framework. Georgia Positions Itself as Crypto Hub Through Tether Stablecoin Partnership Tether is preparing to launch a […]