Crypto

Polymarket Crisis, Oracle Risk, and Regulatory Scrutiny: Israel-Hesbollah Ceasefire in Focus The post Polymarket Crisis, Oracle Risk, and Regulatory Scrutiny: Israel-Hesbollah Ceasefire in Focus appeared first on Cryptonews.

Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports. Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year. The company, whose corporate name is Payward, laid off about 150 workers due to efficiencies from deploying artificial intelligence across the business, Bloomberg reported on Friday, citing a person familiar with the matter. The person said AI is being used more extensively throughout Kraken, but the company is not planning further job cuts at the moment. Read more

AI agents and automated payments could reach a scale that crypto monitoring systems built for human-paced markets cannot handle, Elliptic CEO Simone Maini warned.

Two security companies have flagged the address where the stolen funds are allegedly being held, showing the cryptocurrencies have been converted into 5,402 Ether. Verus Protocol’s Ethereum bridge was reportedly exploited on Monday through a fake cross-chain transfer message that allowed a hacker to fraudulently transfer out at least $11.58 million in cryptocurrency. Onchain security platform Blockaid said in an X post on Monday that its detection system identified an ongoing exploit on the Verus-Ethereum bridge and shared a transaction on Etherscan showing a transfer of 1,625 Ether (ETH), 147,659 USDC (USDC) and 103.57 tBTC v2, worth over $11.5 million. Blockchain security company PeckShield also called the transfer an exploit, with onchain data showing the funds have since been converted into Ether. The wallet shows a balance of 5,402 Ether, worth over $11.4 million, according to Etherscan. Read more

Fundstrat's Tom Lee pointed out an inverse correlation between crude and Ether as oil surged back to around $110 on Monday. Rising oil prices since the US-Israeli war have been a consistent weight on the price of Ether for the last three months, according to Fundstrat co-founder Tom Lee.  “If one is wondering why Ethereum has been under selling pressure … to me, rising oil prices is the biggest headwind,” Lee said on X on Monday. Lee said the inverse correlation between Ether prices and oil is at a record high. Crude oil prices have surged 66% from $65 to more than $100 per barrel since the US-Israeli war began on Feb. 28.  Read more

PI is among the poorest performers once again on a daily scale.

90% of the liquidations took place within an hour or so when BTC dumped to well below $77,000.

A busy week lies ahead on the US economic calendar, with Fed speeches, labor market data, and Nvidia earnings, while spot markets give up recent gains. 

The exchange’s KuCard rollout enables users to make "seamless payments" to Mastercard merchants using USDC.

CoinGecko data revealed that Bitcoin outperformed on US holidays during 11 of the past 14 calendar years analyzed historically.

Figure Technology Solutions latest quarterly results showed Bernstein analysts just how different it is from most balance sheet-based fintech lending platforms. Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces. Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA, with a business that seeks to turn real-world credit assets into blockchain-native instruments that can be traded, funded and financed more efficiently.   As Figures builds out a blockchain-native capital market ecosystem, the analysts expect the company will surprise investors with how it differs from balance sheet-based fintech lending platforms, seeing FIGR stock as a real-time reflection of blockchain loan volumes. Read more

Institutional appetite for XRP is accelerating across multiple fronts, yet the digital asset’s price continues to struggle amid broad market consolidation. CryptoSlate data show XRP has fallen more than 5% over the past 24 hours to $1.40, extending a pullback that contrasts with improving activity across several market indicators. The decline has left traders weighing […] The post XRP’s bullish signals are building, but price action has yet to follow appeared first on CryptoSlate.

Unpacking Thursday's at-times contentious markup hearing.

A Nexo research analyst believes a full CLARITY Act approval from the Senate could trigger a BTC bull run.

Michael Saylor signaled another Bitcoin buy on Sunday while urging retail investors to vote on a proxy measure enabling semi-monthly STRC dividend payouts. Strategy chairman Michael Saylor on Sunday signaled the Bitcoin treasury company would be buying more of the cryptocurrency in the week ahead while also encouraging retailer shareholders to vote on a proxy measure enabling semi-monthly dividend payouts on the company’s STRC perpetual preferred stock. “Big Dot Energy” was Saylor's tweet late Sunday morning to accompany a bubble chart tracking Strategy’s BTC purchases over the past nearly six years. That chart, from Iceland-registered StrategyTracker.com, has been consistently posted by Saylor in the days ahead of a corporate purchase. Saylor's "Big Dot Energy" message on Sunday. Source: Michael Saylor on X.com Read more

Bitwise's BHYP recorded $4.31 million in debut trading volume on May 15, the largest opening day among the 2026 spot altcoin ETF launches in the US, exceeding Chainlink fund CLNK's prior high of $3.23 million by 33% and Avalanche fund BAVA's $2.61 million debut by 65%. Combined with 21Shares' THYP, which launched on Nasdaq on […] The post HYPE ETFs post 2026’s strongest altcoin debut as inflow test comes next appeared first on CryptoSlate.

Even the less bearish prediction envisions a substantial decline.

Why did the SOL and XRP ETFs saw only inflows, while the BTC and ETH counterparts were deep in the red?

Ethereum’s recent recovery phase has weakened considerably after repeated failures beneath the $2.4K major resistance level. The latest price action suggests bearish momentum is gradually building, while buyers struggle to maintain control above important support regions. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH has experienced a notable bearish rejection after multiple […]

The Senate Banking Committee advanced the Digital Asset Market Clarity Act by a 15-9 vote, and the National Cryptocurrency Association (NCA) says the vote's most enduring effect may be the signal that Washington is building a defined regulatory framework for digital assets. The bill still needs a Senate floor vote, and Democrats have raised objections […] The post CLARITY Act is not law yet, but the markup is a major retail adoption trust catalyst appeared first on CryptoSlate.