Cointelegraph.com
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Cointelegraph.com - 06:55 May 11, 2026
The white hat hacker said the decision to exploit Renegade’s dark pool was made to protect the funds and safety of DeFi users. The team behind the Renegade.fi protocol said a whitehat hacker returned about $190,000 after exploiting one of its Arbitrum-based decentralized dark pools and later complying with instructions in an onchain message to return 90% of the funds. Renegade confirmed the return of funds on Sunday after blockchain analytics platform Blockaid flagged the $209,000 exploit at 8:27 am UTC. The hacker injected malicious logic into a faulty function tied to its V1 Arbitrum dark pool to steal 27 ERC-20 tokens. Data from Arbitrum block explorer Arbiscan shows that the whitehat returned about $190,000 to the Arbitrum wallet address “0xE4A…5CFBE,” which includes $84,370 worth of USDC (USDC), $27,885 in wrapped Bitcoin and $23,950 in wrapped Ether. Read more -
Cointelegraph.com - 06:04 May 11, 2026
Global regulators will have to confront US policy on dollar-backed stablecoins as they seek international standards for payment tokens, Andrew Bailey said. Bank of England Governor Andrew Bailey said international regulators will have to “wrestle” with the US over global rules for stablecoins, which are largely denominated in and backed by US dollars. “If we want stablecoins to be part of the architecture of payments globally [...] they're only going to work if we have international standards,” Bailey said at a conference on Friday, according to Reuters. “Frankly, that, I think, is going to be a coming wrestle with the [US] administration," he added. Read more -
Cointelegraph.com - 05:54 May 11, 2026
Adeniyi Abiodun, co-founder of Mysten Labs, announced at an event in Miami plans for zero-fee stablecoin transfers on Sui and reiterated the ambition to add private transactions. Sui network’s native token, SUI, has climbed 50% over the past seven days after a Nasdaq-listed company staked a large portion of the token’s supply and developers announced upcoming features, including zero-fee stablecoin transfers and private transactions. SUI traded around $0.94 on May 4 before climbing to $1.41 on Sunday, according to CoinGecko. Over the same timeframe, trading volume surged from more than $213 million to over $2.5 billion. Ryan McMillin, co-founder and chief investment officer of Australian crypto investment manager Merkle Tree Capital, told Cointelegraph the rally has likely been driven by multiple reinforcing catalysts. Read more -
Cointelegraph.com - 05:34 May 11, 2026
Privacy-conscious internet users are being “demoted” from second to third-class netizens, said Bitcoiner Jameson Lopp. Privacy proponents have criticized Google’s latest reCAPTCHA changes, arguing they could lock users of Android phones without Google Play Services out of websites that rely on the new verification flow. Google-owned reCAPTCHA is used to verify that a user is human, usually by asking them to click on images of a bus or a fire hydrant. Google announced “Cloud Fraud Defense” in late April, branding it “the next evolution of reCAPTCHA.”The latest update now presents users with a QR code to verify their humanity, but requires Google Play Services or the Apple equivalent to be running on the device, which isn’t present on “de-Googled” Android phones, such as those running GrapheneOS or CalyxOS. Read more -
Cointelegraph.com - 03:42 May 11, 2026
10x Research CEO Markus Thielen said Bitcoin’s strength above $80,000 could be supported by two favorable decisions in the US Senate this week. Bitcoin briefly dipped before surging over $82,000 on Sunday as US President Donald Trump rejected Iran’s counteroffer to a peace deal, which could prolong tension in the Middle East. “I don’t like it — TOTALLY UNACCEPTABLE," Trump said in a post to Truth Social on Sunday after reading Iran’s proposal to end the war. Iran has previously requested that the US pay for war reparations and unfreeze blocked Iranian financial assets. Bitcoin (BTC) fell from $81,430 to $80,520 within 45 minutes of Trump’s post before whipsawing nearly 2.3% to $82,347 less than three hours later, according to CoinGecko data. Bitcoin’s rise also resulted in nearly $64 million worth of short positions being wiped out over the last four hours, according to CoinGlass data. Read more -
Cointelegraph.com - 18:40 May 10, 2026
Strategy's average cost per Bitcoin is about $75,537, and its BTC investment is up about 7.6% at the time of this writing, according to data from the company. Michael Saylor, co-founder of Strategy, signaled that the Bitcoin treasury company will resume its BTC purchases this week, following an earnings call on Tuesday, during which he said the company may periodically sell portions of its treasury. “Back to work, BTC,” Saylor said in an X post on Sunday, messaging that has previously preceded a BTC purchase, which typically the day after his posts. The company last purchased BTC on April 27, buying 3,273 coins for about $255 million, which brought its total holdings to 818,334 BTC. Those holdings were worth about $61.8 billion, according to Strategy's website at the time of publication. Read more -
Cointelegraph.com - 16:54 May 10, 2026
Strategy CEO outlined conditions in a under which the company would sell Bitcoin, Trump Media posts $406M quarterly loss: Hodler’s Digest -
Cointelegraph.com - 16:13 May 10, 2026
Ethereum’s ongoing downtrend against Bitcoin mirrors the bearish structure seen in 2024–2025, raising the risk of another 40% decline. Ethereum’s native token, Ether (ETH), has fallen more than 35% against Bitcoin (BTC) over the past year, and the downtrend may still have further to go. Key takeaways: ETH/BTC remains stuck below a multi-year descending trend line that has capped every breakout attempt since 2022, including one that preceded the nearly 70% decline between 2024 and 2025. Read more -
Cointelegraph.com - 14:56 May 10, 2026
Bitcoin avoided a weekend drop as $80,000 stayed in place, but traders saw BTC price action dipping below before continuing higher. Bitcoin (BTC) eyed $81,000 into Sunday’s weekly close as traders saw a fresh support retest next. Key points: Read more -
Cointelegraph.com - 14:00 May 10, 2026
Bloomberg reported Digital Asset Holdings is raising money at a $2B valuation in a round led by a16z Crypto, which comes less than a year after an earlier nine-figure round. Digital Asset Holdings, the enterprise blockchain company behind the Canton Network, a permissioned blockchain network for financial institutions with privacy features, is reportedly raising fresh capital at a $2 billion valuation. The $300 million round is being led by venture capital firm a16z crypto, and is expected to close in several weeks, according to Bloomberg, which cited unidentified people with knowledge of the deal. The report comes less than a year after Digital Asset announced it had raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets. A company spokesman on Sunday declined to comment in response to an email query from Cointelegraph. Read more -
Cointelegraph.com - 13:00 May 10, 2026
Hyperliquid, EdgeX and Pump.fun returned a combined $96 million to token holders in 30 days, as the crypto community shifts its focus from transaction volumes to real earnings. Three of DeFi’s relatively young applications, including Hyperliquid, EdgeX and Pump.fun, have distributed a combined $96.3 million to token holders over the past 30 days, as the sector’s focus shifts to actual earnings. Hyperliquid led the pack, generating $50.95 million in revenue over the period, all of which went directly to token holders with zero spent on incentives, according to data from DefiLlama. Pump.fun came in second with $22.09 million returned to holders out of $38.81 million in total revenue. EdgeX followed with $23.26 million distributed to holders from $8.26 million in protocol revenue, suggesting that the platform is drawing on reserves or alternative income streams to reward holders. On an annualized basis, Hyperliquid has generated $945.87 million in revenue over the past year, all returned to holders, while Pump.f... -
Cointelegraph.com - 10:58 May 10, 2026
South Korean crypto holdings fell to $41 billion from $83 billion in just over a year as investors shifted to stocks. The value of cryptocurrency held by South Korean investors more than halved over the past year, falling to 60.6 trillion won ($41.4 billion) by the end of February 2026 from 121.8 trillion won ($83.3 billion) at the end of January 2025. Daily trading volumes across the country’s five major exchanges, including Upbit, Bithumb, Korbit, Coinone and Gopax, also took a hit, collapsing to $3 billion by February compared to $11.6 billion in December 2024, Korean outlet The Chosun Daily reported, citing data the Bank of Korea submitted to Rep. Cha Gyu-geun of the Rebuilding Korea Party. Won deposits held at exchanges, a proxy for investor dry powder, also fell to 7.8 trillion won from 10.7 trillion won at end-2024. The drop is attributed to a combination of falling crypto prices and capital flowing into the stock market. Read more -
Cointelegraph.com - 10:47 May 10, 2026
BTC’s rising wedge points to a possible drop toward $70,000 as Strategy pauses buying and inflation cools Fed rate-cut hopes. Bitcoin (BTC) may head into next week’s US inflation report with less support than it had during the last two CPI releases, raising the risk of a pullback toward $70,000. Key takeaways: The Cleveland Fed’s latest inflation nowcast estimates April CPI at 3.56% year over year, up from 3.3% in March. Read more -
Cointelegraph.com - 08:30 May 10, 2026
Trump Media’s $405.9 million net loss was driven mostly by unrealized losses on Bitcoin bought at last summer’s peak and Cronos tokens acquired through a Crypto.com deal. Trump Media & Technology Group posted a $405.9 million net loss in the first quarter of 2026, widening from $31.7 million a year earlier, amid growing unrealized losses on its crypto holdings. The parent company of Truth Social booked $244 million in unrealized losses on its Bitcoin position and a further $108.2 million in investment losses tied mostly to equity securities, with nearly $370 million of the quarter’s total losses stemming from digital asset and equity markdowns, according to a recent filing with the Securities and Exchange Commission (SEC). The losses mostly trace back to Bitcoin purchases made at last summer’s market peak. Trump Media bought roughly 9,500 Bitcoin at an average cost of around $108,519 per coin. By March 31, the company held 9,542 Bitcoin at a total cost basis of $1.13 billion but a fair value of $647 million, ... -
Cointelegraph.com - 05:33 May 10, 2026
The increase in bullish versus bearish crypto commentary on social media has Santiment warning that the recent crypto market rally may be short-lived. Crypto bullish chatter on social media has surged to levels that, according to crypto sentiment platform Santiment, could signal the current market uptrend may be short-lived. “Rallies that arrive with a confident crowd tend to fade faster than those climbing a "wall of worry,” Santiment said in a report published on Saturday. “Those climbing skepticism tend to extend,” Santiment added. Santiment said the ratio of bullish to bearish crypto-related comments on social media is currently around 1.5 to 1, based on a sample of active crypto accounts tracked across multiple platforms. It comes as Bitcoin (BTC) has increased 11.50% over the past 30 days, trading at $80,628 at the time of publication, according to CoinMarketCap. Read more -
Cointelegraph.com - 00:17 May 10, 2026
Binance co-founder Changpeng “CZ” Zhao said rival crypto exchanges were concerned a pardon could pave the way for Binance to return to the US market. Binance co-founder Changpeng “CZ” Zhao said he was not very confident he would be pardoned by US President Donald Trump after serving a four-month prison sentence in 2024 for violating US anti-money-laundering laws. “You never know because we actually had very strong anti-lobbying from some of our perceived competitors in the US,” Zhao told Ran Neuner on the Crypto Banter podcast published to YouTube on Saturday. “The other crypto exchanges in the US don't want me to get a pardon,” Zhao said, arguing they were concerned about Binance re-entering the US market after its exit in November 2023. The departure followed a $4.3 billion settlement with Binance and the US government over violations of the Bank Secrecy Act (BSA) and the International Emergency Economic Powers Act (IEEPA), as well as failure to register as a money transmitting business. Read more -
Cointelegraph.com - 23:00 May 09, 2026
Individual miners in Bitcoin mining pools must rely on block templates provided by the mining pool operator. Seven major Bitcoin mining pools have joined the Stratum V2 working group to develop an industry-wide open standard protocol used by mining pool operators to communicate with individual miners in their pools. AntPool, Block Inc, F2Pool, Foundry, MARA Foundation, SpiderPool, and DMND all joined the working group to collaborate on the mining pool communication standard, which could reduce the time it takes pools to successfully mine blocks, according to an announcement from Stratum V2. “Bitcoin mining is competitive and fragmented by design. It is a race for efficiency where a millisecond can determine whether a miner wins a block or loses to a competitor,” the announcement said. Read more -
Cointelegraph.com - 21:21 May 09, 2026
Strategy's Bitcoin sales will not move the markets, despite it owning more than 4% of the digital currency's maximum supply, Le said. Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions during an interview on Friday, under which the company would sell some of its Bitcoin holdings. The company will sell Bitcoin to pay the dividend on its Series A Perpetual Stretch Preferred Stock (STRC), a corporate credit instrument that pays an 11.5% dividend to holders, and to defer or offset taxes, Le told CNBC. He added: Le added that the company would only sell BTC to pay for the yield owed to holders of its credit instruments if the sales are “accretive” to Strategy’s shareholders, meaning the company increases the BTC per share metric. Read more -
Cointelegraph.com - 19:00 May 09, 2026
The "biggest market" in crypto is conducting the vast majority of its trading volume outside of US-based exchanges, according to Attorney Bill Hughes. Passing the Digital Asset Market Clarity Act of 2025, also known as CLARITY, will help to reshore the crypto industry in the United States, according to Bill Hughes, the senior counsel and director of global regulatory matters at Consensys, a crypto infrastructure company. “The US dollar is the world's largest fiat on-ramp for cryptocurrency, accounting for over $2.4 trillion in volume between July 2024 and June 2025,” Hughes said. However, the vast majority of crypto trading volume takes place on exchanges based outside of the United States, Hughes said, adding that Binance alone accounted for over 38% of all centralized exchange trading volume in December 2025. Read more -
Cointelegraph.com - 17:42 May 09, 2026
Iran entered the final night of February 2026 under a near-total internet shutdown. In the wake of a joint strike by the United States and Israel, Tehran almost completely severed the country's connection to the global internet — likely leaving only users on a government whitelist with access to the outside world. Iran’s internet formally remained part of global routing, but user activity fell almost to zero. That points to a managed restriction on citizens’ access to the external network. Source: IODA. But in that digital darkness, one vital financial service continued to operate without interruption: Nobitex, a cryptocurrency exchange linked to Iran’s ruling elite. Read more
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