Cointelegraph.com
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Cointelegraph.com - 13:24 May 19, 2026
ZEC has jumped 18% in three days as privacy coins rally, defying a 3.45% drop across the wider crypto market. Privacy coin Zcash (ZEC) is flashing a classic bullish reversal pattern that could push its price above $1,000 in the coming weeks. Key takeaways: The ZEC/USD pair appears to have formed a cup-and-handle (C&H) pattern, marked by a rounded recovery phase followed by a downward-sloping consolidation. Read more -
Cointelegraph.com - 13:23 May 19, 2026
South Korea’s seventh-largest mutual aid company is currently sitting on a $33 million paper loss on its leveraged Ether ETF investment, following the crypto market downturn. South Korean funeral service company Bumo Sarang is sitting on roughly 49.3 billion won ($32.7 million) in unrealized losses after investing about $40 million in customer funds into leveraged crypto exchange-traded funds (ETFs). Bumo Sarang invested in the T-REX 2X Long BMNR Daily Target ETF (BMNU), which doubles the daily returns of Ether (ETH) treasury company Bitmine, according to the company’s audit report for 2025. Another funeral service company, Christian Funeral Family of Faith, recorded a $331,700 net loss last year, according to Korea Economic Daily. Read more -
Cointelegraph.com - 12:25 May 19, 2026
Pump.fun pulled in $124.7 million in Q1 2026, making it Solana’s largest revenue generator even as memecoin activity cooled, while the network’s RWA market cap crossed $2 billion. Pump.fun remained Solana’s largest revenue generator in the first quarter of 2026, pulling in $124.7 million, more than a third of the network’s $342.2 million in total app revenue, despite cooling memecoin activity. The memecoin launchpad's revenue rose 17% quarter over quarter, a sign that its core business remains resilient, Messari said in its Solana Q1 report. Launchpads generated $144 million in Q1, roughly 42% of Solana’s total app revenue. A standout within the sector was Bags, whose quarterly revenue surged 1,347% to $11.5 million, fueled by a wave of AI-themed memecoins in January. The surge proved short-lived, with monthly revenue dropping 85% by February. Read more -
Cointelegraph.com - 12:00 May 19, 2026
The self-custodial wallet platform integrated Kraken-backed xStocks infrastructure, adding more than 130 tokenized stocks and ETFs for users. Bitget Wallet said it has integrated xStocks infrastructure, giving its 90 million users access to more than 130 tokenized stocks and ETFs through its self-custodial wallet platform. The integration expands Bitget Wallet’s tokenized real-world assets offering to more than 300 products, including equities, commodities, precious metals and index-linked assets, according to a Tuesday announcement. The company said its tokenized equity products have processed more than $30 billion in transaction volume since launching in 2025. The products are not available in the United States, United Kingdom or other restricted jurisdictions, according to the company. Read more -
Cointelegraph.com - 11:10 May 19, 2026
Bubblemaps’ investigation found a cluster of nine accounts that generated $2.4 million with a near-perfect win rate on Polymarket contracts tied to major US military operations. Blockchain data platform Bubblemaps said it identified a cluster of Polymarket wallets that collectively earned $2.4 million with a 98% win rate on contracts tied to US military operations. Nine wallets placed all their major bets just before major military developments, including the Feb. 28 attack on Iran, the killing of Iranian Supreme Leader Ayatollah Ali Khamenei and the US-Iran ceasefire agreement, Bubblemaps wrote in a Monday X post. The accounts were all funded through centralized cryptocurrency exchanges in a tight timeframe and made some minor losing bets on Feb. 20, which likely served to “avoid attention,” according to Bubblemaps. Four of them each made around $400,000 in profit on their bets that the US would strike Iran on Feb. 28. Read more -
Cointelegraph.com - 09:37 May 19, 2026
Swan Bitcoin has been sued for allegedly using insider access to pull nearly $1 billion in Bitcoin and cash from Prime Trust days before its 2023 bankruptcy filing. The post-bankruptcy trust for Prime Trust has filed suit against Swan Bitcoin, alleging the Bitcoin services company exploited insider knowledge to pull nearly $1 billion in assets from the custodian days before its collapse. The complaint, filed in Delaware bankruptcy court, accuses Electric Solidus, the corporate entity behind Swan, of receiving over $24.6 million in cash, 11,994 Bitcoin (BTC) currently worth around $923 million, roughly 5 million USDt (USDT) and smaller amounts of other digital assets before Prime Trust's August 2023 bankruptcy. At the center of the allegations is an unidentified Prime Trust senior executive who, while working at the company, was also a paid adviser to Swan through a side arrangement dating back to July 2019. Read more -
Cointelegraph.com - 07:08 May 19, 2026
Tom Emmer, the House majority whip, is also advocating for his Anti-CBDC Surveillance State Act, which has passed the House but has yet to pass the Senate. A pair of Republican lawmakers is calling for a permanent ban on a US central bank digital currency (CBDC) to be enshrined in the 21st Century ROAD to Housing Act, as the measure is expected to come up for a vote in the US House this week. The bill released by the US Senate Committee on Banking, Housing and Urban Affairs in March mainly concerns revisions to federal housing programs but also includes a section banning the Federal Reserve System or any Federal Reserve bank from issuing a CBDC or similar instrument until Dec. 31, 2030. The US House has created its own amended bill, which Congressman Mike Flood said reverses the “backdoor green light for a CBDC” and aims to make the ban permanent. Read more -
Cointelegraph.com - 07:04 May 19, 2026
Ethereum Foundation researchers Julian Ma and Carl Beek have resigned, bringing the total number of major departures from the nonprofit to at least eight in 2026. The Ethereum Foundation saw the resignations of two top researchers on Monday, bringing the total number of high-profile departures at the organization to at least eight in recent months. Julian Ma and Carl Beek, both researchers at the Ethereum Foundation, ended their respective four and seven-year tenures at the organization. Ma contributed to Ethereum’s censorship-resistant properties and cross-layer bridge algorithms and strategy, while Beek contributed to the early design of the Beacon Chain, which introduced proof-of-stake to the blockchain. Read more -
Cointelegraph.com - 07:00 May 19, 2026
The Bitcoin miner said the investment will support development of its River Bend AI data center campus as the company expands its long-term AI infrastructure business. Bitcoin miner Hut 8 committed $16 million to expand water capacity in West Feliciana Parish, Louisiana, as part of development plans for its River Bend AI data center campus. According to a Tuesday announcement, the investment includes a new water well, about eight miles of water main and other system upgrades. Hut 8 said the assets will be transferred to the parish after completion, which is expected in the second half of 2026, at no cost to taxpayers. Hut 8 said Phase 1 of the River Bend campus represents a multibillion-dollar capital investment and is expected to support about 1,000 construction workers at peak build-out and at least 75 permanent jobs once operational. Read more -
Cointelegraph.com - 07:00 May 19, 2026
The platform combines crypto custody, trading, settlement, staking and stablecoin infrastructure services for banks and financial institutions. Crypto custody company BitGo launched a modular digital asset infrastructure platform for banks combining custody, trading, settlement, staking and stablecoin services for financial institutions exploring crypto products and onchain payments. The company said banks can integrate services individually while maintaining control over compliance, governance and client-facing operations. BitGo said the platform is already being used by institutions including Erebor Bank, Banco de Crédito del Perú, TowerBank and InvestiFi. BitGo said the system also includes “crypto-as-a-service” tools that allow banks to offer custody, wallet and trading services under their own branding. The company said institutions can adopt products in stages based on operational and regulatory requirements. Read more -
Cointelegraph.com - 05:13 May 19, 2026
Among those who used crypto for payments, over 25% said they did so because the business preferred crypto, citing speed, privacy and lower cost advantages. About one-tenth of US adults said they used or invested in crypto in 2025, the highest level in three years, according to a Federal Reserve report on the economic well-being of households. Roughly 10% used crypto for any reason, up from 2023 and 2024, according to the Fed report published on Wednesday. Despite the rise, 2025’s figures still fell short of crypto adoption seen in 2021, when 12% of Americans reported having used crypto for any reason. Read more -
Cointelegraph.com - 04:52 May 19, 2026
The hacker has already laundered nearly 5% of the loot through Tornado Cash and is still holding the remaining 955 eBTC. Decentralized finance protocol Echo Protocol was exploited after an attacker minted about 1,000 unauthorized eBTC on the protocol, which is deployed on the Monad blockchain. Blockchain security firm PeckShield and analytics platform Lookonchain both reported the incident on Tuesday, noting that a hacker minted 1,000 synthetic Bitcoin (eBTC) worth around $76.7 million. “We are currently investigating a security incident impacting the Echo bridge on Monad. All cross-chain transactions remain suspended while the investigation is underway,” Echo Protocol said on Tuesday. Read more -
Cointelegraph.com - 04:21 May 19, 2026
Bitmine chairman Tom Lee said the company is expected to have accumulated 5% of Ether's total supply before the end of the year. Bitmine Immersion Technologies chairman Tom Lee says the crypto treasury company took advantage of a recent Ether price drop under $2,200 to scoop up another 71,672 Ether for its stockpile. Ether (ETH) has traded between $2,081 and $2,341 over the past seven days. It was trading at $2,128 as of Tuesday and was down 8.7% over the same period. “Over the past week, we acquired 71,672 ETH. We view the recent pullback of ETH to below $2,200 as an attractive opportunity. Bitmine is expected to reach the alchemy of 5% sometime in 2026,” Lee said on Monday. Read more -
Cointelegraph.com - 02:37 May 19, 2026
Several SEC officials reportedly didn’t support the decision, while tokenization platform Securitize flagged risks with enabling third-party platforms to issue tokenized stocks. The US Securities and Exchange Commission is reportedly making an “innovation exemption” for blockchain-based tokenized trading of public companies, even those that don’t consent to the third-party tokens tracking their share prices. Bloomberg reported on Monday that the exemption could come as early as this week, expanding the trading of public companies beyond traditional stock exchanges to decentralized crypto platforms. The SEC reportedly spoke with “hundreds of market participants” for feedback on how best to tailor the rules for tokenized trading and proposed that third-party tokens carry the same benefits as common stock, such as voting rights and dividends, or risk being delisted. Read more -
Cointelegraph.com - 23:40 May 18, 2026
Bitcoin retail inflows to Binance remained at record lows as aggressive BTC futures selling and weakening spot demand pressured BTC below $77,000. Bitcoin (BTC) retail investor activity on Binance has fallen to its lowest level in history. Retail BTC inflows on Binance now average near 314 BTC per month in 2026, down sharply from the 1,200 BTC range recorded in March 2024. Bitcoin’s recovery in May also slowed as spot inflows on Binance weakened, with the 30-day net demand growth falling 73% over the past three weeks. CryptoQuant analyst Darkfost said retail Bitcoin inflows to Binance remained near its historic lows. The metric tracks BTC deposits from wallets holding less than 1 BTC, a common signal for retail investor activity. Read more -
Cointelegraph.com - 22:49 May 18, 2026
Many experts voiced concerns that the confirmation of Kevin Warsh as Federal Reserve chair would lead to uncertainty about the central bank’s independence, particularly in setting interest rates. Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday amid speculation about whether he'll do what US President Donald Trump hopes he does: Lower interest rates once in office. On Wednesday, the US Senate voted largely along party lines to confirm Warsh as the next Fed chair, succeeding Jerome Powell. While Trump nominated both Fed governors in different terms, the president repeatedly threatened to fire Powell in recent months, saying that the Fed chair “should be lowering interest rates.” Source: Kalshi Read more -
Cointelegraph.com - 22:20 May 18, 2026
The NYDFS approvals allow GalaxyOne Prime NY to offer trading and financing services to institutional investors in one of the most tightly regulated US crypto markets. Galaxy Digital, a crypto-focused financial services company led by Mike Novogratz, has received a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS), allowing it to expand regulated digital asset services to institutional clients in the state. The company said Monday that the approvals were granted to its subsidiary, GalaxyOne Prime NY, which provides trading and financing services to institutional investors. The licenses extend Galaxy’s regulatory reach into New York, one of the most tightly regulated jurisdictions for cryptocurrency businesses in the United States. Read more -
Cointelegraph.com - 21:47 May 18, 2026
Bitcoin positions itself for a rally above $80,000 after Strategy's $2 billion BTC buy, crumbling investor confidence in the US Treasury and a potential US-Iran deal. Key takeaways: Bitcoin (BTC) faced a rejection following a failed attempt to break above $82,000 on Thursday. A subsequent retest of the $76,000 level on Monday triggered $400 million in liquidations for bullish Bitcoin positions over a four-day period. While traders’ confidence took a hit from the 7% price decline, the prospects for recovering the $80,000 mark remain valid. Read more -
Cointelegraph.com - 21:28 May 18, 2026
Hosting revenue outpaced mining as new capacity came online, highlighting Soluna’s shift toward data centers for AI and high-performance computing. Digital infrastructure company Soluna Holdings reported strong first-quarter revenue growth as expanding data center operations helped offset weaker returns from cryptocurrency mining. Revenue rose 58% from a year earlier to $9.4 million and increased 2% from the previous quarter, according to the company’s earnings report released Monday. It was Soluna’s fourth-consecutive quarter of sequential revenue growth. The gains were driven by additional capacity coming online at the company’s Dorothy and Kati sites in Texas. Data center hosting generated $6.7 million in revenue, while cryptocurrency mining contributed roughly $2.2 million, down from nearly $3 million the year before, as Bitcoin mining economics deteriorated. Read more -
Cointelegraph.com - 21:20 May 18, 2026
A political action committee aligned with crypto interest groups reported spending more than $4 million in support of Democratic US House candidate Jasmine Clark in Georgia. The Protect Progress, a political action committee (PAC) affiliated with the cryptocurrency company-backed Fairshake PAC, has spent more than $4 million attempting to help secure a win for a Georgia state representative running for the US House of Representatives. On Tuesday, Georgia voters will decide on their candidate in the primary for the state’s 13th Congressional district, where state representative Jasmine Clark faces competition among Democrats. According to data from the Federal Election Commission, Clark has been the beneficiary of more than $4.2 million in spending on media by the Protect Progress PAC ahead of the primary, as crypto-aligned interest groups attempt to influence voters in key elections. Source: FEC Read more
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