Industry News

  • Bitcoin Slides to $77,614 as US and Israel Weigh New Strikes on Iran16 May 2026 13:45Bitcoin fell below $78,000 (hitting a session low of $77,614), a drop that erased its monthly gains and shaved over $40 billion off its market cap. Bitcoin Slips Below $78,000 as Geopolitical Tensions Rise Bitcoin dipped below $78,000 Saturday morning amid fears that the U.S. and Israel are about to resume bombing Iranian facilities. Bitstamp […]
  • Arthur Hayes Tells CME and ICE Off as HYPE Drops Nearly 9% After Lobbying Push16 May 2026 13:10Legacy exchange operators CME Group and ICE are reportedly lobbying U.S. authorities to force federal oversight onto Hyperliquid. The crypto community and the Hyperliquid Policy Center fiercely rejected the claims, arguing that public blockchain ledgers offer total transparency. Legacy Exchanges Raise National Security Alarms In what is shaping up to be a clash between traditional […]
  • Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push16 May 2026 11:30Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto PushHana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The deal marks one of the clearest signs yet that major Korean banks are moving deeper into digital assets. Kakao Sells $670M Dunamu Stake to Hana Bank Hana Bank has agreed to acquire a significant stake in […]
  • MiCA Decoded: Thinking a CASP License Covers Payments, Perps or Futures is a Major Mistake16 May 2026 10:05MiCA Decoded: Thinking a CASP License Covers Payments, Perps or Futures is a Major MistakeMost founders pursuing a MiCA license assume they are solving their EU regulatory problem. They are solving part of it. The rest depends on which services they actually offer. MiCA Decoded is a 12-article weekly series for Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises […]
  • Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH16 May 2026 08:30Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETHBit Digital reported a $146.7 million quarterly loss as lower ether prices weighed on its balance sheet, while the company continued expanding its ethereum treasury and AI infrastructure strategy. The firm now holds more than 155,000 ETH and is increasingly shifting away from bitcoin mining. Bit Digital Expands ETH Treasury to $327M, Staking Income Declines […]
  • Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push16 May 2026 07:05Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment PushErsham has reportedly been meeting with Venezuelan officials, floating possible investments in the energy and fintech sectors. He recently appeared in a tech event hosted by Banco de Venezuela, promoting the nation’s potential to become the “best country in Latam.” Coinbase’s Fred Ersham Shows Interest in Venezuela’s Economic Recovery Potential While Venezuela has been battling […]
  • Entain Directly Targets Premier League Clubs Citing ‘Cryptocurrency Reliance’ in Sponsor Ban16 May 2026 05:30Entain Directly Targets Premier League Clubs Citing 'Cryptocurrency Reliance' in Sponsor BanEntain General Counsel Simon Zinger has written directly to six Premier League clubs, urging them to commit to UK-licensed gambling sponsors only for the 2026/27 season, citing Stake’s “heavy reliance on cryptocurrency” and BJ88’s use of “unregulated payment methods like cryptocurrency to evade financial oversight” in letters reported by SBC News today. Entain’s General Counsel […]
  • OKX Targets South Korea Entry With Proposed 20% Coinone Investment16 May 2026 04:25OKX Targets South Korea Entry With Proposed 20% Coinone InvestmentOKX and Korea Investment & Securities are reportedly in talks to acquire stakes in South Korean crypto exchange Coinone. The move could mark a major step in the opening of Korea’s tightly regulated digital asset market to global players. OKX Explores Strategic Coinone Role as South Korea Rethinks Crypto Rules Global crypto exchange OKX is […]
  • Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal16 May 2026 03:05Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund DealStrategy plans to repurchase about $1.5 billion of convertible notes, with the final price tied partly to its stock performance. The filing also lists bitcoin sales as a possible funding source, renewing focus on its treasury strategy. Strategy Details $1.5 Billion Convertible Note Repurchase Plan On May 15, Strategy Inc. (Nasdaq: MSTR) announced on X […]
  • XRP Ledger Activity Jumps as Price Tests $1.55, Large Wallets Set Record16 May 2026 01:45XRP Ledger Activity Jumps as Price Tests $1.55, Large Wallets Set RecordXRP Ledger activity climbed as XRP cleared $1.54, with Santiment reporting 48,453 active wallets and the strongest network growth reading since March. The surge pointed to renewed participation as price momentum returned. XRP Ledger Activity Rises as Price Tests $1.55 The XRP Ledger posted its strongest 24-hour activity since March after XRP moved above $1.54 […]