Crypto

Onchain CLOBs represent the optimal DEX architecture for capital efficiency, price discovery, and scalability, consistently outperforming AMMs, Peer-to-Pool models, and RFQ systems in more mature trading environments. Historically, their adoption onchain has been limited by latency and cost constraints, but those hurdles are now being steadily overcome through advances in blockchain infrastructure. The current CLOB landscape is expanding rapidly, with new teams exploring different tradeoff profiles in the race to build the next standout alternative CLOB. With a massive addressable market that includes both onchain spot volumes and, eventually, centralized exchange liquidity, the opportunity for onchain CLOBs has never been more compelling.

Analysts had been saying the latest Bitcoin rally had "less frothy momentum-chasing and stronger fundamental underpinnings.”

As the US Senate advances the GENIUS Act and lawmakers reintroduce the Blockchain Regulatory Certainty Act, Washington is finally stepping up to the plate on crypto. In this week’s episode of Byte-Sized Insight, on Decentralize with Cointelegraph, we break down a pivotal moment for US crypto legislation.  In a 66–32 procedural vote on May 19, the US Senate advanced the GENIUS Act, a landmark bill aimed at establishing a comprehensive regulatory framework for stablecoins. Meanwhile, across the Capitol, Representative Tom Emmer reintroduced the Blockchain Regulatory Certainty Act, backed by bipartisan support. The GENIUS Act — short for “Guiding and Establishing National Innovation for U.S. Stablecoins Act” — seeks to answer foundational questions around stablecoin issuance and oversight. Read more

Hyperliquid’s HYPE token rallies 94% this month, reaching $36.90 ATH amid record-breaking $9.37B derivatives open interest.

Sui (SUI) Dropped 6.8% and NEAR Protocol (NEAR) fell 5.8%, leading the index lower from Thursday.

Bitcoin has once again broken higher, pushing through key resistance zones and extending its bullish momentum. After multiple attempts to reclaim the previous all-time highs, the market has finally shifted gears, with bulls regaining control amid a backdrop of improving sentiment and a strong technical structure. Now, the main question is how far can BTC […]

The company acquired 455 bitcoin in its third-largest announced purchase.

While the broader crypto market saw declines with BTC and ETH market caps falling 11.4% and 45.2% QoQ; io.net posted mixed results. Revenue rose 82.6% QoQ to $5.7 million; however, IO’s market cap fell 71.4% due to a 74.9% drop in price. Daily verified GPU and CPU counts declined 11.1% and 4.5%, respectively, and BC8.AI inference activity dropped 66.7%. Despite these trends, io.net made steady ecosystem progress, announcing various integrations including Nesa, Allora, and Filecoin, while also achieving SOC 2 compliance.

Ledn will no longer lend out client assets to generate yield, opting instead to keep Bitcoin under full custody. Digital asset lender Ledn is transitioning to fully collateralized Bitcoin lending and discontinuing support for Ethereum, in moves designed to consolidate its BTC-focused business and further safeguard client assets against credit risks. In adopting a full custody structure for Bitcoin (BTC) loans, Ledn will no longer lend out client assets to generate interest, the company disclosed on May 23. Instead, Bitcoin collateral will remain under full custody by Ledn or one of its designated funding partners.  “This means assets aren’t rehypothecated, reused, or loaned out to generate yield,” Ledn co-founder and CEO Adam Reeds told Cointelegraph. Read more

Ledn said the shift is part of its broader strategy to simplify its product and sharpen its focus around bitcoin.

XRP has been showing signs of quiet accumulation within a broader consolidation structure. As of today, it continues to trade below major resistance zones but is building a compelling technical structure that could precede a significant move if confirmed by volume and momentum shifts. Technical Analysis The USDT Pair Looking at the XRP/USDT pair, the […]

Bitcoin drops to $108K as BlackRock’s ETF bets climb to $20B. Options data suggests a push toward $120K, but near-term risks cloud the breakout path. The post BlackRock’s BTC ETF Bets Are Back — Is Bitcoin About to Explode Past $110K? appeared first on Cryptonews.

Akash Network presents a decentralized alternative to the highly concentrated cloud computing market dominated by a few large providers. By leveraging underutilized compute resources through a permissionless marketplace, Akash enables cost-effective, scalable, and flexible infrastructure for a range of applications including AI, data processing, and decentralized services. Since its launch, Akash has expanded its capabilities to support GPU workloads, integrated with a growing number of ecosystem partners, and introduced key upgrades aimed at improving usability and performance. With over $3.1 million in cumulative revenue and an active developer and governance community, the network is steadily progressing toward broader adoption. Upcoming features, such as verifiable compute, fiat payments, managed service marketplaces, and onchain provider incentives; highlight Akash’s continued focus on infrastructure reliability, accessibility, and long-term sustainability in the decentralized cloud space.

US spot Bitcoin ETFs may surpass their monthly record of $6.49 billion in May if momentum continues. Spot Bitcoin exchange-traded funds (ETFs) in the United States are heading for a record-breaking month, helping push Bitcoin to new all-time highs amid rising institutional demand. The US-listed spot Bitcoin (BTC) ETFs recorded more than $1.5 billion in combined inflows over a two-day period, with $608 million on May 21 and $934 million on May 22, according to data from Sosovalue. A repeat performance of the past two days’ inflows would see monthly inflows surge to $6.68 billion, surpassing the monthly record of $6.49 billion from November 2024. Read more

The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones.

The liquidations are up to over $450 million.

Singapore-based AI firm Genius Group has resumed Bitcoin buys after a US court lifted a ban, boosting its BTC treasury by 40% with a 24.5 BTC purchase. Singapore-based artificial intelligence firm Genius Group has added more Bitcoin to its corporate treasury after being temporarily banned from doing so. In a May 22 announcement, Genius Group explained that it has resumed accumulating Bitcoin (BTC) following a favorable ruling by the US Court of Appeals. It follows Genius Group being temporarily barred from expanding its Bitcoin treasury after a US court order had banned it from selling shares, raising funds and using investor funds to buy more BTC. Genius Group announced it increased its Bitcoin Treasury 40% with the purchase of 24.5 BTC, worth around $2.7 million. The company now holds 85.5 BTC acquired for a total of $8.5 million, at an average price of $99,700 per coin. Read more

“I am not a fixer,” Binance co-founder Changpeng Zhao said in an X post, denying a WSJ report that he introduced tech entrepreneur Bilal bin Saqib to the World Liberty Financial team. Binance co-founder and former CEO Changpeng “CZ” Zhao has pushed back against a report in The Wall Street Journal, calling it a “hit piece” filled with inaccuracies and negative assumptions.  In an X post, Zhao criticized the publication’s portrayal of his alleged involvement with World Liberty Financial, the decentralized finance project backed by a business entity affiliated with US President Donald Trump. Trump’s sons — Eric and Donald Jr. —are involved in the management of the company. Zhao said the WSJ article portrayed him as acting as a “fixer” for the WLF team and its co-founder Zach Witkoff during foreign trips.  Read more

The new FIFA Blockchain will support digital collectibles, fan engagement, and scalable Web3 experiences for billions of football fans worldwide. The post FIFA Partners with Avalanche to Launch Dedicated Layer-1 ‘FIFA Blockchain’ appeared first on Cryptonews.

From a technical standpoint, Bitcoin is showing some signs of overheating, but onchain data suggests otherwise. Key takeaways: Bitcoin hit a new all-time high of $111,970 on May 22, but retraced to $110,700, with analysts noting mixed signals on market overheating. Funding rates and other metrics suggest a “healthy upward phase.” Read more