Crypto

BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.

ETF analyst Eric Balchunas says crypto and traditional assets are trading down while Hyperliquid is up, leading to a boon for ETFs tied to the token. US-based exchange-traded funds tied to HYPE recorded a 50% trading volume jump on Wednesday, in a rare move for newly debuted ETFs, according to analysts.  Two Hyperliquid (HYPE) ETFs from issuers Bitwise and 21Shares have recorded nearly $41 million in total value traded since their launches earlier this month, with trading volumes increasing since their debuts, according to SoSoValue. Bloomberg ETF analyst Eric Balchunas said in an X post Wednesday that such trading increases for ETFs are “very rare,” and many normally record a “big splash [on] day one then drop off OR oblivion for months until [people] notice it. Rare to build in first week like this.” Read more

The attacker tricked the Butter Network cross-chain bridge into minting millions more tokens than the legitimate supply of MAPO. MAPO, the native token of the Map Protocol, fell 96% on Wednesday after an exploit of the Butter Network cross-chain bridge, which allowed an attacker to mint a quadrillion MAPO tokens. The malicious mint was tens of thousands of times larger than the legitimate supply of tokens, sending the value of MAPO from around $0.003 to $0.0001 in a matter of hours, according to CoinGecko.  The attacker used a new externally-owned account (EOA) to dump around a billion MAPO tokens, draining about 52 ETH, worth about $180,000, from Uniswap liquidity pools while retaining nearly a trillion tokens that continue to threaten other pools and potential exchange listings, reported Blockaid on Wednesday. Read more

Shares in Nakamoto closed Wednesday at 16 cents. They are down more than 99% from May last year, when the stock traded above $25. Bitcoin treasury company Nakamoto is moving ahead with a shareholder-approved 1-for-40 reverse stock split on Friday in an effort to avoid delisting from the Nasdaq Stock Exchange. The company received a notice from the Nasdaq on Dec. 10, warning that its stock price had fallen below the $1 minimum for 30 consecutive business days, according to an SEC filing. Nakamoto has until June 8 to address the issue and keep its stock above $1 for at least 10 days.  A reverse stock split reduces the number of shares outstanding. In a 1-for-40 split, every 40 shares are combined into one. After completion, Nakamoto’s total common shares will drop from 696.1 million to 17.4 million, the company said Wednesday. Read more

Here's what users should expect on May 21.

SpaceX is expected to go public next month, which would make its 18,712 Bitcoin holdings rank seventh among public companies. Elon Musk’s aerospace company SpaceX reported holding 18,712 Bitcoin worth $1.45 billion in a recent filing, over 10,000 coins more than blockchain tracking firms had estimated.  In the company’s S-1 registration statement, filed as part of its bid to become a public company on June 12, SpaceX revealed it purchased Bitcoin (BTC) at an average of $35,320 per coin. Its reported holdings would make it the seventh-largest among public companies. SpaceX’s Bitcoin holdings as of Dec. 31, 2025. Source: SEC Read more

Bitcoin treasury company Nakamoto aims to massively reduce its share count as it seeks a price of at least $1 to regain Nasdaq compliance.

The Shai-Hulud supply-chain malware campaign is exploiting the automated systems developers trust to publish software safely.

The "combinatorial outcome contracts" would resolve if every part of an underlying contract resolved, according to a filing.

Profit-taking by Bitcoin traders pushed the Coinbase BTC premium to a six-week low, but demand from longer-term traders put a clear support under the range lows. Bitcoin (BTC) demand on Coinbase points to early signs of market stabilization as BTC reclaimed the upper bounds of its range highs. The 14-day trend of the Coinbase Premium Index has remained in an uptrend, suggesting steady buyer interest despite traders taking $1.14 billion in profits, which pushed the daily Coinbase premium to a six-week low.  The Coinbase Premium Index dropped to -0.087 on May 19, its weakest reading since March 31. A negative premium means Bitcoin traded at a lower price on Coinbase than on Binance, signaling softer demand from US-based buyers. BTC profit-taking accelerated as it rallied to $82,000 and holders realized 14,600 BTC ($1.14 billion) in daily profits on May 4. CryptoQuant noted unrealized profit margins climbed to 17.7% on May 5, the highest level since June 2025.  Read more

Nvidia's stronger-than-expected results and bullish AI outlook lifted crypto mining stocks tied to data center and high-performance computing demand, even as the chipmaker's shares fell due to growth concerns.

The rocket maker’s IPO filing outlines billions in AI spending, Starship development, and Elon Musk’s effort to combine launch systems, satellite internet, social media, and artificial intelligence under one company.

The U.S. Fed issued a revised proposal on the structure of payment accounts, taking the next step to build on an earlier pitch for so-called skinny accounts.

The lawsuit followed the launch of a December 2025 investigation by Missouri authorities into several crypto ATM companies, citing “deceptive fee structures” and scams. Missouri is suing the company behind cryptocurrency ATM operator CoinFlip for “knowingly facilitating fraudulent transactions and profiting from them,” in the latest move by a US state authority targeting digital currency kiosks and ATMs. In a Wednesday notice, the office of Missouri Attorney General Catherine Hanaway said the lawsuit against GPD Holdings, doing business as CoinFlip, was in response to incidents of fraud, including against the state's “seniors and veterans.” The state began a probe in December into several crypto ATM companies, including Bitcoin Depot, which recently filed for bankruptcy. Missouri lawsuit against CoinFlip. Source: Missouri AG Read more

SpaceX is gearing up for what's likely to be a blockbuster IPO, and Elon Musk's aerospace and AI firm holds more Bitcoin than expected.

The launch marks Coinbase’s latest push into white-label stablecoin infrastructure for businesses building branded digital payment and settlement systems. Coinbase launched USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circle's USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies. According to Wednesday's announcement, USDF is designed to serve as the settlement asset for currencies created on Flipcash, a platform where users can launch fixed-supply digital currencies priced and transacted in the stablecoin. Flipcash said the token is intended to function as the primary dollar asset within its app. In December, Coinbase launched its white-label stablecoin issuance service for companies seeking branded digital dollar products without managing their own reserve, custody or settlement infrastructure. The platform includes fiat onramps, wallet services and USDC (USDC) reserve backing. It previously identified Solflare, R2 and Flipcash ...

The rocket and satellite company is looking to go public at a valuation of more than $1.5 trillion.

Bitcoin finds footing above $77,000 despite investors’ worry over BigTech earnings results and billion-dollar outflows from the BTC ETFs. Key takeaways: Bitcoin (BTC) reclaimed $77,000 on Wednesday as broader risk markets saw modest relief after Brent crude prices retreated below $108. However, large outflows from spot Bitcoin exchange-traded funds (ETFs) have forced traders to reassess the odds of further downside risk, especially amid lingering fears of a global economic downturn. Read more

GitHub says there is currently no evidence that customer repositories or external enterprise data were compromised.

Fairshake said six primary victories on Tuesday revealed a “powerful bipartisan mandate” for pro-crypto policies. But other factors appear to have been at play.