Cointelegraph.com
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Cointelegraph.com - 13:49 May 12, 2026
The current Bitcoin bear market drawdown is far smaller than previous bear markets, as steady ETF inflows and corporate Bitcoin buying continue to absorb selling pressure. Bitcoin (BTC) is currently down 36% from its all-time high at $126,000, but one analyst claims that BTC’s fourth bear market has “materially decoupled” from previous bearish cycles, due to exchange-traded fund (ETF) inflows and corporate BTC accumulation. Bitcoin Bond Company CEO Pierre Rochard compared Bitcoin’s drawdowns across previous market cycles and said the current correction looks different from the past bear markets. The 2013–2015 cycle wiped out roughly 85% of Bitcoin’s value, while the 2017–2018 and 2021–2022 cycles saw declines of nearly 77% before the price bottomed. The current dip has been relatively smaller. Bitcoin fell to around $60,000 from its all-time high near $126,000, marking a decline of about 52%. Read more -
Cointelegraph.com - 13:44 May 12, 2026
A Solana memecoin linked to Roaring Kitty’s X account crashed after its developer cashed out $729,000, raising hack and sniping concerns. The developer of a new Solana-based memecoin cashed out about $729,000 after Keith Gill’s Roaring Kitty X account posted the token’s ticker and contract address, triggering a short-lived trading frenzy before the post was deleted. Following the now-deleted X post from Gill's account, Red Kitten Crew (RKC) briefly surged to an $11 million market capitalization before falling about 67% to $3.6 million at the time of writing, according to Dexscreener. The token’s developer sold about $611,000 worth of RKC and collected another $118,000 in creator fees through Pump.fun, bringing the total exit to roughly $729,000, according to blockchain analytics company Lookonchain. Lookonchain said the developer initially used 10 wallets to buy 395.18 million RKC, representing 39.52% of the token’s supply, raising concerns that the launch was dominated by creator-linked wallets before retail... -
Cointelegraph.com - 13:32 May 12, 2026
Expanding Bitcoin price momentum, recovering liquidity and surging network activity all point to continued bullish control. Market analysts said Bitcoin’s (BTC) upside remained intact despite the 2.5% correction from its multi-month high of $82,800 reached on May 6. Key takeaways: Private wealth manager Swissblock stated that Bitcoin is “still at full momentum,” despite the slight correction from recent highs. Read more -
Cointelegraph.com - 12:56 May 12, 2026
Istanbul Blockchain Week, organized by Web3 marketing agency EAK Digital is set to return for its fifth edition on June 2nd-3rd, 2026, at the Hilton Bomonti Hotel. Istanbul, Türkiye, April 12, 2026 – Istanbul Blockchain Week, organized by Web3 marketing agency EAK Digital is set to return for its fifth edition on June 2nd-3rd, 2026, at the Hilton Bomonti Hotel. Following last year’s success, this year’s event is gearing up to host prominent leaders and organizations in the industry, with more opportunities to learn at the heart of Eurasia’s key crypto hub. According to a recent report by Chainalysis, Türkiye leads the Middle East and North Africa’s largest cryptocurrency market, recording nearly $200 billion in annual on-chain transactions, almost four times that of the UAE. Challenging economic circumstances have driven substantial adoption of crypto in Türkiye, serving as an economic necessity and a form of investment to navigate financial uncertainties. Read more -
Cointelegraph.com - 11:48 May 12, 2026
Wells Fargo lifted Ether ETF exposure while rotating Bitcoin holdings and sharply increasing its Strategy stake, per its Q1 2026 13F filings. Wells Fargo reported larger positions in Ether exchange-traded funds in the first quarter while reshuffling its Bitcoin ETF holdings across several products, according to its latest Securities and Exchange Commission filing. The bank said it raised its holdings in Ether (ETH) ETFs, including BlackRock’s iShares Ethereum Trust ETF (ETHA) and the Bitwise Ethereum ETF (ETHW), according to its latest Form 13F filing released on Monday. ETHA rose 63.5% from about 672,600 shares in Q4 2025 to roughly 1.1 million shares in Q1 2026, while ETHW increased by 37% from about 186,800 to more than 257,000 shares, showing a broad-based increase across Ether-linked funds. Read more -
Cointelegraph.com - 11:10 May 12, 2026
Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes. Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and AI-enabled financial infrastructure. On Monday, the company reported a net loss attributable to Bakkt of $11.7 million, or 41 cents per basic and diluted share, for the quarter ended March 31. That compares with net income attributable to Bakkt of $7.7 million, or $1.13 per diluted share, a year earlier. Crypto services revenue fell to $243.6 million from $1.07 billion in the prior year's period, Bakkt said. The company attributed the decline primarily to lower crypto trading volumes. However, nearly all of that revenue figure is offset by crypto costs and brokerage fees, which totaled $242 million in the quarter. Read more -
Cointelegraph.com - 11:00 May 12, 2026
Gelephu Mindfulness City in Bhutan is offering a faster licensing track with banking and zero‑tax incentives to attract regulated crypto firms willing to build long‑term operations. Gelephu Mindfulness City (GMC) in Bhutan is offering an accelerated licensing pathway for crypto and fintech companies already regulated in hubs such as Singapore, Hong Kong and Abu Dhabi, as the Himalayan territory pushes to position itself as a new South Asian financial center. The framework allows qualified companies to incorporate, obtain authorization from local regulators and open a corporate bank account through a coordinated process tied to DK Bank, GMC’s official banking partner, according to a Tuesday release shared with Cointelegraph. The move reflects growing competition among emerging jurisdictions seeking to attract crypto firms with streamlined regulation, banking access and tax incentives, as global regulators tighten oversight and warn against regulatory arbitrage. Read more -
Cointelegraph.com - 10:23 May 12, 2026
Self-custody wallet by Chainwith opens two-week user activation across Ethereum, BNB Chain, Solana, and Aptos, with prizes starting at $100. Self-custody wallet by Chainwith opens two-week user activation across Ethereum, BNB Chain, Solana, and Aptos, with prizes starting at $100 May 12, 2026 — Chainwith, the developer behind Rewardy Wallet, today opened a two-week global swap campaign that rewards users with raffle entries on qualifying cross-chain trades. The campaign runs from May 12 through May 26, 2026, and is open to all Rewardy Wallet users worldwide. Under the campaign mechanics, every $50 in swap volume converts into one raffle entry, with no cap on entries per user. A $200 swap returns four entries; $500 returns ten. Prizes start at $100 per winner and will be drawn at the close of the campaign. Read more -
Cointelegraph.com - 10:08 May 12, 2026
CleanSpark posted a $378.3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines. Bitcoin miner CleanSpark (CLSK) recorded a net loss of $378.3 million in its fiscal second quarter, more than doubling the $138.8 million loss reported in the same period a year ago, largely due to a sharp drop in Bitcoin’s price. On Monday, the Las Vegas-based miner disclosed the results for the quarter ended March 31, 2026. It reported a $224.1 million loss tied to the fair value of its Bitcoin holdings, accounting for nearly 60% of the total quarterly loss. The company held $925.2 million worth of BTC at quarter’s end. It reported a fiscal second-quarter net loss of $1.52 per basic share, widening from a loss of $0.49 a year earlier. Revenue for the quarter ended March 31 was $136.4 million, down from $181.7 million a year earlier. Read more -
Cointelegraph.com - 07:22 May 12, 2026
Binance says it prevented $10.53 billion in user losses and blacklisted 36,000 malicious addresses, with AI now powering over half of its fraud controls. Crypto exchange Binance says its AI-powered security tools helped prevent more than $10 billion in user losses from scams and fraud between early 2025 and March 2026. Binance said in a blog post on Monday that it had protected more than 5.4 million users from fraud between the first quarter of 2025 and the first quarter of 2026 after rolling out over 24 AI-driven initiatives and more than 100 models. “AI-powered scams and exploits are accelerating,” Binance said. “The barrier to entry for scam perpetrators is falling fast, with AI accelerating the drop. What once required technical expertise can now be executed for next to nothing and at scale.” Read more -
Cointelegraph.com - 07:15 May 12, 2026
US prosecutors say three men posed as delivery drivers and forced entry into homes to steal at least $6.5 million in crypto. US authorities have unsealed an indictment against three men accused of stealing at least $6.5 million in a “violent robbery spree targeting cryptocurrency owners.” The Justice Department said in a statement Monday that a federal grand jury indicted three men for allegedly planning to kidnap and rob four people around San Francisco and Los Angeles for their crypto. The trio, Elijah Armstrong, Nino Chindavanh and Jayden Rucker, are alleged to have posed as delivery drivers to force their way into residences and use threats of violence to extract crypto seed phrases. Read more -
Cointelegraph.com - 07:06 May 12, 2026
The Ethereum Foundation has finalized a new gas limit floor and improvement proposal for its “Glamsterdam” upgrade, which is likely to go live sometime in the third quarter of 2026. The Ethereum Foundation has reached several progress milestones on the next Ethereum upgrade called “Glamsterdam” and has named three new leads for its Protocol team. The Ethereum Foundation said in a blog post on Monday that it had achieved a “credible post-Glamsterdam target,” establishing a 200 million gas limit floor, giving the network a major post-upgrade speed boost from its current gas limit of around 60 million. “The immediate focus is shipping Glamsterdam,” the Ethereum Foundation said, which had originally scheduled the upgrade for June, but is now likely to be sometime in the third quarter of 2026. Read more -
Cointelegraph.com - 07:00 May 12, 2026
The blockchain analytics company said the funding will support expansion of AI-powered compliance and transaction monitoring software for banks and crypto firms. Blockchain analytics company Elliptic raised $120 million in a Series D funding round backed by investors including Nasdaq Ventures, Deutsche Bank and the British Business Bank, as stablecoins and tokenized assets see broader institutional adoption. The funding round, led by One Peak, values Elliptic at $670 million and will be used to expand its AI-driven blockchain analytics and transaction monitoring services for banks, fintech companies, government agencies and crypto firms, according to the announcement. Elliptic said its platform screens more than 1 billion blockchain transactions per week across more than 65 networks and is used by over 700 customers in 30 countries. Read more -
Cointelegraph.com - 07:00 May 12, 2026
The company said its platform now supports tokenized equities, funds and money market instruments across trading, settlement and post-trade operations. Broadridge Financial Solutions said it expanded its infrastructure to support tokenized securities alongside traditional assets, as Wall Street firms pour into building systems for blockchain-based trading and settlement. The financial technology company focused on institutional securities markets said on Tuesday that its platform now supports tokenized equities, funds, alternative assets and money market instruments across trading, order routing and post-trade operations. The New York Stock Exchange-listed company added that the system connects to public and permissioned blockchain networks including Ethereum-compatible chains and Canton. On Monday, the company said it had begun operating an Agentic AI platform for capital markets and wealth management workflows. Read more -
Cointelegraph.com - 06:45 May 12, 2026
Christopher Delgado, the former Goliath Ventures CEO charged with fraud and money laundering, has publicly apologized to investors of what US prosecutors allege is a Ponzi scheme. Christopher Delgado, the former CEO of Goliath Ventures, has publicly apologized to investors for what US prosecutors allege was a $328 million crypto investment Ponzi scheme. “They put their trust in me, and I failed them,” Delgado told ABC-affiliated television station WFTV in an interview aired on Monday. Delgado said he wanted to publicly explain what happened “from beginning to end” and express “how sorry I am.” Delgado claimed that he voluntarily returned to the US to face charges of fraud and money laundering brought by the Orlando US Attorney’s Office on Feb. 20. He faces a maximum penalty of 30 years in federal prison if convicted on all counts. Read more -
Cointelegraph.com - 04:53 May 12, 2026
Tom Lee says Ether’s correlation with software stocks is further evidence that “crypto spring” has begun. Ether treasury company Bitmine Immersion Technologies has slowed the pace of its Ether purchases after previously increasing its buying rate and acquiring more than 100,000 tokens over the last three weeks. Bitmine said on Monday that it purchased 26,659 ETH over the last week, down from the over 100,000 tokens a week it was previously maintaining, but that it was still on track for its goal to buy 5% of the token’s 120.7 million circulating supply by the end of the year. “We have decided to slow down our pace of weekly accumulation from >100,000 per week as we originally targeted reaching the ‘alchemy of 5%’ target in late 2026,” Bitmine chairman Tom Lee said. “Our previous pace of >100k weekly buys would have us reach 5% by mid-July.” Read more -
Cointelegraph.com - 23:21 May 11, 2026
Kraken spends $600 million to acquire a stablecoin card issuer. Hun To admits to owning 30% of Huione Pay but denies operational role. Asia Express. -
Cointelegraph.com - 22:25 May 11, 2026
Circle shares surged as analysts pointed to expanding stablecoin use cases and forecast significant upside as USDC adoption continues to gain traction. Shares of stablecoin issuer Circle surged Monday after the company reported mostly upbeat earnings and disclosed that a major crypto venture capital fund had purchased $222 million worth of its blockchain tokens. Circle’s shares rose almost 16% to close at $131.76, its highest level since March 18, according to Yahoo Finance. CRCL stock gave back some of its gains in initial after-hours activity. The gain extends Circle’s strong run in 2026. Shares are now up 66% year to date, giving the company a market capitalization of roughly $35 billion. Read more -
Cointelegraph.com - 22:20 May 11, 2026
After months of delays, the Senate Banking Committee has set a Thursday markup for the CLARITY Act, but it would still need some Democrats’ support to pass on the Senate floor. With lawmakers on the US Senate Banking Committee set to consider a markup on a cryptocurrency market structure bill this week, some Democrats are holding the line — and potentially their votes — on ethics provisions. The Digital Asset Market Clarity Act (CLARITY), passed by the US House of Representatives in July 2025, is scheduled for a markup in the Banking Committee on Thursday after months of delays due to concerns about language on stablecoin yield, tokenized equities, ethics and more issues related to the crypto industry. Although the Senate Agriculture Committee passed its version of the bill in a January markup, the legislation must pass through both panels to address different aspects of securities and commodities laws. Read more -
Cointelegraph.com - 21:47 May 11, 2026
Solana ETFs recorded their strongest weekly inflow since February as SOL futures open interest climbed nearly 30%. Is SOL bracing for a rally to $120? The spot Solana (SOL) exchange-traded funds (ETFs) recorded their strongest weekly performance since February, attracting $39.23 million in total net flows. The surge in capital inflows coincided with SOL futures open interest rising by $1.5 billion in May, signaling a sharp increase in trader positioning across the derivatives markets. The rise in market activity comes alongside Solana’s 15% rally to $97 in the past seven days, with traders targeting the next major resistance level at $120. Bitwise’s BSOL ETF led the latest inflow wave with $36 million in weekly net inflows last week, while Fidelity’s FSOL added over $1.8 million. Since its launch, BSOL has attracted $861 million, accounting for nearly 81% of cumulative inflows across all spot SOL ETFs, which now total about $1.06 billion. Read more
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