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  • Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZEC
    Cointelegraph.com - 13:17 May 06, 2026
    Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZECRobinhood’s ZEC listing, easing US–Iran tensions and a shrinking liquid supply of tokens are further strengthening the bullish outlook for Zcash in the coming weeks. Zcash (ZEC) has outperformed the broader crypto market over the past month, rising by over 125% compared to an average 15% gain for most coins. ZEC/USD versus TOTAL crypto market cap 3o-day performance chart. Source: TradingView Read more
    Tags: Zcash
  • Bubblemaps flags MYSTERY token over 90-wallet launch sniping cluster
    Cointelegraph.com - 12:51 May 06, 2026
    Bubblemaps flags MYSTERY token over 90-wallet launch sniping clusterBubblemaps said it identified a large wallet cluster that accumulated 90% of the Mystery token’s supply at launch, raising concerns around the token’s distribution. Blockchain analytics platform Bubblemaps said 90 newly funded wallets bought 90% of Mystery (MYSTERY) memecoin supply at launch, raising concerns about coordinated sniping. The wallets were all funded by wallet "0x544E," which previously withdrew and distributed 20 Ether from crypto exchange Binance. After buying up 90% of the supply at launch, the wallet cluster sold about $100,000 worth of tokens and still holds 40% of the supply, said Bubblemaps in a Tuesday X post. The analytics company described the pattern as a “textbook scam.” Sniping refers to using bots or automated trading tools to buy newly launched tokens immediately after trading opens, often before ordinary traders can react. The findings highlight how automated buying and coordinated wallet clusters can dominate thinly traded memecoin launches, leaving later buyers exposed to sharp ...
  • Linea contributes ZK rollup stack to Linux Foundation open-source group
    Cointelegraph.com - 12:29 May 06, 2026
    Linea contributes ZK rollup stack to Linux Foundation open-source groupLinea Consortium board director Declan Fox said the move gives its technology a neutral, foundation-governed home. Linea Consortium has joined Linux Foundation Decentralized Trust (LFDT) as a premier member and contributed the open-source zero-knowledge (ZK) rollup stack powering Linea as a new code project called Lineth. The contribution places Linea’s core layer-2 technology under LFDT's open-source governance framework, rather than the control of any single company, Linea Consortium said in a release on Tuesday, positioning the move as a step toward decentralization. However, the contribution concerns governance of Linea’s open-source technology stack, not necessarily the decentralization of the Linea network itself. Linea Consortium board director Declan Fox will join the LFDT governing board alongside representatives from companies like Consensys, Hedera, Kaleido, OpenAssets and Shielded Technologies. Read more
  • Bitcoin short-term holder cost basis eyes $92K as next price target
    Cointelegraph.com - 12:10 May 06, 2026
    Bitcoin short-term holder cost basis eyes $92K as next price targetBitcoin’s onchain data suggests that the upside may not be over for BTC price, but resistance at $84,000 could delay the recovery. Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240. Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000.  Read more
    Tags: Bitcoin
  • Coinbase faces lawsuit over frozen funds from $55M crypto theft
    Cointelegraph.com - 12:03 May 06, 2026
    Coinbase faces lawsuit over frozen funds from $55M crypto theftThe plaintiff says Coinbase froze traceable assets from a 2024 DAI phishing theft but refused to return them without a court order. Cryptocurrency exchange Coinbase was sued in California federal court over frozen crypto allegedly tied to a $55 million DAI phishing theft from August 2024. The complaint, filed Monday in a San Francisco federal court, alleges that after laundering the proceeds through crypto mixer Tornado Cash, the attacker deposited part of the “traceable stolen funds” into a Coinbase retail user account, where the funds remain frozen.  The Puerto Rico-based plaintiff is asking the court to declare him the rightful owner of the frozen assets and order Coinbase to return them. The lawsuit also names an unknown John Doe defendant accused of carrying out the theft. Read more
    Tags: Coinbase
  • CME Group to launch regulated Bitcoin volatility futures
    Cointelegraph.com - 11:40 May 06, 2026
    CME Group to launch regulated Bitcoin volatility futuresCME to launch CFTC‑regulated Bitcoin Volatility futures in June, giving institutions an onshore way to trade implied BTC volatility. CME Group plans to launch Bitcoin Volatility futures on June 1, pending regulatory review, giving investors a compliant way to trade expected Bitcoin volatility rather than price direction, according to a company release published Tuesday. The Chicago-based derivatives marketplace said the contracts will settle to the CME CF Bitcoin Volatility Index, a 30-day measure of expected Bitcoin volatility derived from CME options markets. CME describes the new contracts as Commodity Futures Trading Commission (CFTC)-regulated futures aimed specifically at Bitcoin volatility, extending the existing US regulatory framework that already covers CME’s Bitcoin and Ether derivatives. Read more
  • Bitcoin can crash to $50K if 'most critical' bear market test fails: Analysis
    Cointelegraph.com - 11:20 May 06, 2026
    Bitcoin can crash to $50K if 'most critical' bear market test fails: AnalysisBitcoin price analysis saw $84,000 as bulls' "most critical" reclaim target as the risk of new $50,000 lows returned to the radar. Bitcoin (BTC) is approaching its “most critical” resistance hurdle of the bear market, new BTC price analysis says. Key points: Read more
  • World’s first live map of token concentration: InsightX launches Atlas Live
    Cointelegraph.com - 11:00 May 06, 2026
    World’s first live map of token concentration: InsightX launches Atlas LiveA new era of on-chain trading transparency. Atlas Live enables traders to analyze token concentration and spot potential rug pulls. Now in real time. A new era of on-chain trading transparency. Atlas Live enables traders to analyze token concentration and spot potential rug pulls. Now in real time. Odense, Denmark, May 6, 2026 – InsightX, the on-chain safety and analytics platform, launches Atlas Live, the world's first real time token holder map. InsightX is best known for Atlas, a holder visualization tool used by millions of traders each month. It simplifies token ownership at a glance, with clustering patterns revealing potential coordinated wallet activity. Atlas is integrated across major platforms including Pump.fun, Axiom, Terminal and GMGN. Read more
  • Bitcoin ETFs add nearly $1B as BTC surges past $80K in multi-day rally
    Cointelegraph.com - 10:40 May 06, 2026
    Bitcoin ETFs add nearly $1B as BTC surges past $80K in multi-day rallyUS spot Bitcoin ETFs posted $999 million in inflows over two trading days as Bitcoin moved back above $80,000. Spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded almost $1 billion in inflows since the cryptocurrency reclaimed $80,000. Bitcoin ETFs posted $467.4 million of inflows on Tuesday as BTC surged past $81,000, extending Monday’s $532 million inflows, according to SoSoValue data, bringing the two-day total to more than $999 million. The latest inflows follow April’s $1.97 billion in total net inflows, pointing to strong demand as Bitcoin's rebound continues. Read more
  • OKX Card data shows crypto is paying for everyday life in Europe
    Cointelegraph.com - 10:15 May 06, 2026
    OKX Card data shows crypto is paying for everyday life in EuropeOKX Card data shows most crypto spending in Europe is on groceries and dining, signaling growing everyday use over luxury purchases. OKX Card users in Europe spent mostly on groceries, restaurants and other routine purchases in the product’s first month, according to transaction data shared Wednesday. In the first month of use across the European Economic Area (EEA), grocery stores and supermarkets accounted for 26% of all OKX Card transactions, while restaurants and fast food together made up 18%, ahead of travel and online marketplaces, according to the data. The analysis covers settled purchase transactions made with the OKX Card in the EEA between Jan. 28 and Feb. 26, across the top 20 merchant types by transaction count, volume or unique users, the company said. Read more
  • Law enforcement freezes $41M connected to $150M crypto Ponzi collapse
    Cointelegraph.com - 07:37 May 06, 2026
    Law enforcement freezes $41M connected to $150M crypto Ponzi collapseBG Wealth Sharing, according to authorities, claimed to provide guidance on crypto trading, advertised heavily on social media and offered “daily profit opportunities.” Investment group BG Wealth Sharing, a suspected $150 million crypto Ponzi scheme, has had its domain seized by law enforcement days after allegedly rug-pulling users. Onchain sleuth ZachXBT said on X on Tuesday that “illicit actors” connected to the group tried to launder more than $92 million in crypto between April 27 and Sunday, but he helped lead an initiative that froze more than $41 million, working alongside Tether, Binance, OKX and US law enforcement. He also said the scheme was likely responsible for losses greater than $150 million, given it’s been operating since 2025 and the “thousands of victim exchange withdrawals identified.” Read more
    Tags: Ponzi
  • A16z raises $2.2B for new fund backing stablecoins, prediction markets
    Cointelegraph.com - 07:24 May 06, 2026
    A16z raises $2.2B for new fund backing stablecoins, prediction marketsAndreessen Horowitz’s crypto investment arm said its new fund would seek to back projects that “people keep using when the hype fades.” The crypto-focused arm of venture capital firm Andreessen Horowitz has raised $2.2 billion for its fifth fund dedicated to backing crypto projects. In a blog post on Tuesday, a16z Crypto said its latest fund, Crypto Fund 5, would back founders “turning new infrastructure into products people use every day,” including stablecoins, perpetual futures, prediction markets and tokenized assets. “Software is getting more complex and harder to trust,” a16z Crypto general partners Eddy Lazzarin, Guy Wuollet, Ali Yahya and founder and managing partner Chris Dixon wrote in the blog post. Read more
    Tags: A16z
  • SIX Group wins Swiss approval to offer crypto custody alongside traditional securities
    Cointelegraph.com - 07:00 May 06, 2026
    SIX Group wins Swiss approval to offer crypto custody alongside traditional securitiesSIX Group received FINMA approval to provide crypto custody through the same regulated infrastructure used for traditional securities settlement and post-trade services. SIX Group said it has received approval from Swiss regulator FINMA to integrate crypto custody into its central securities depository infrastructure, allowing financial institutions to access digital asset custody through the same regulated post-trade system used for traditional securities. The approval also allows SIX to merge its digital central securities depository, SIX Digital Exchange, into SIX SIS AG, consolidating digital and traditional asset services under a single legal entity. SIX said the structure is intended to give institutions a single infrastructure layer for settlement and custody across both traditional and digital assets. Read more
  • Kraken brings spot margin trading onshore for eligible US retail traders
    Cointelegraph.com - 07:00 May 06, 2026
    Kraken brings spot margin trading onshore for eligible US retail tradersThe crypto exchange said eligible US users can now access up to 10x leveraged spot crypto trading through a CFTC-registered entity. Kraken has launched spot margin trading for eligible US retail users on Kraken Pro through a CFTC-registered entity, expanding access to leveraged crypto trading on a regulated domestic platform. The product allows traders to borrow against crypto holdings without selling them, offering up to 10x leverage for long and short positions, according to the company. Kraken said the platform displays liquidation prices and borrowing costs before trades are executed. The crypto exchange said regulated margin trading in the United States has historically been limited to institutions and high-net-worth individuals classified as Eligible Contract Participants, pushing many retail traders toward offshore platforms offering leverage products. Read more
    Tags: KRAKEN
  • Anchorage launches agentic banking as CEO tips ‘trillion-dollar’ opportunity
    Cointelegraph.com - 06:55 May 06, 2026
    Anchorage launches agentic banking as CEO tips ‘trillion-dollar’ opportunityAnchorage’s new product enables AI agents to have compliant access to capital across traditional finance and crypto payment rails. Crypto bank Anchorage is launching a new agentic banking service, seeking to give AI agents the ability to access and move money without human interference — an industry that could be worth a trillion dollars, according to its co-founder.  In an X post on Tuesday, Anchorage co-founder and CEO Nathan McCauley said the firm's new agentic banking infrastructure gives AI agents the ability to access both traditional finance and crypto payment rails. Blockchain and tech companies have been rushing to prepare themselves for the future of agentic commerce. Firms such as Stripe argued in February that blockchains will need to eventually be able to process between 1 million and 1 billion transactions per second to handle the network demand coming from AI agents. Read more
  • Forward Industries, RockawayX back OnRe to build onchain reinsurance on Solana
    Cointelegraph.com - 22:20 May 05, 2026
    Forward Industries, RockawayX back OnRe to build onchain reinsurance on SolanaInvestors back a model that moves insurance risk and capital flows onto blockchain rails, as onchain reinsurance looks to attract institutional participation. Forward Industries and crypto investment company RockawayX have co-led a strategic investment in OnRe, a startup building reinsurance infrastructure on the Solana blockchain, in a move aimed at bringing traditional risk-transfer markets onto decentralized rails. The companies said Tuesday they co-led OnRe’s $5 million Series A round, with Forward planning to allocate up to $25 million into the platform’s yield-bearing token on Solana. The funding will be used to expand OnRe’s platform and attract more institutional participants to onchain reinsurance, a niche but emerging segment within decentralized finance. Read more
  • Ripple CEO says market structure bill not a ‘done deal,’ despite stablecoin compromise
    Cointelegraph.com - 22:08 May 05, 2026
    Ripple CEO says market structure bill not a ‘done deal,’ despite stablecoin compromiseBrad Garlinghouse addressed attendees at a Tuesday crypto conference on the progress of the CLARITY Act after US lawmakers announced a compromise on stablecoin yield that could advance the legislation. Brad Garlinghouse, CEO of Ripple Labs, warned Tuesday that recent progress on the digital asset market structure bill in the US Senate did not guarantee success for the legislation, speculating that the next two weeks would be crucial. Speaking at the Consensus crypto conference in Miami, Garlinghouse said that the likelihood of the market structure bill, the CLARITY Act, passing would “drop precipitously” if not addressed in the next two weeks. According to the Ripple CEO, the bill would be “too much of a loaded issue” amid campaigns for the 2026 US midterms, with primaries ongoing until the November elections. “Do I think it's perfect? Hell no,“ said Garlinghouse, referring to CLARITY. “I challenge you to show me any piece of legislation that we would call perfect. There's tradeoffs and compromises, but I do ...
    Tags: Ripple
  • Prophet launches AI-powered prediction market with live $10,000 trading tranche
    Cointelegraph.com - 21:30 May 05, 2026
    Prophet launches AI-powered prediction market with live $10,000 trading trancheProphet, an AI-native prediction market platform, has launched its first live trading tranche, introducing a system where an AI model acts as the counterparty to user trades using real capital. Cape Town, South Africa, May 5, 2026 — Prophet, an AI-native prediction market platform, has launched its first live trading tranche, introducing a system where an AI model acts as the counterparty to user trades using real capital. The initial deployment allocates $10,000 in USDC to an AI-powered trading system and opens participation to users on the platform. Instead of matching buyers and sellers, the system allows users to trade directly against the AI, which generates probability-based pricing for each market. Prophet’s “Tranche 1” is a limited-access deployment designed to test the system under live market conditions. Users who deposit gain the ability to create markets, with the AI pricing each market upon creation. Once live, markets can be traded by other participants. Read more
  • Bitcoin short liquidations push BTC to multi-month highs: Is $90K next?
    Cointelegraph.com - 21:13 May 05, 2026
    Bitcoin short liquidations push BTC to multi-month highs: Is $90K next?Short liquidations and rising open interest may be signs of the bulls’ plan to push the Bitcoin price closer to $90,000. Bitcoin (BTC) may have a clear path to $90,000 after $7.9 billion in short liquidations in February put pressure on the bears. Data show liquidations came in three waves that extended from February through April. The liquidations highlight a growing imbalance as BTC traders continue to build short positions above $80,000, while the price holds firm, creating repeat conditions for future short squeezes. Bitcoin researcher Axel Adler Jr. tracked over $7.9 billion in forced short liquidations since early February. The largest spike hit $737 million on Feb. 13, followed by multiple waves through March and April.  The liquidation volumes ranged from $2–28 million per day before jumping back to $175 million on May 4. That spike came during a quiet week, pointing to renewed short exposure near $80,000. The pattern shows consistent reloading of bearish positions at higher levels. Read more
    Tags: Bitcoin
  • Crypto PAC spends $500K in support of Indiana candidate ahead of primary
    Cointelegraph.com - 20:42 May 05, 2026
    Crypto PAC spends $500K in support of Indiana candidate ahead of primaryDays before an Indiana primary, the Defend American Jobs PAC reported spending about $514,000 on media in support of a Republican House member running for reelection in the state‘s 4th Congressional District. Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana. According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indiana's 4th Congressional District. The spending was the latest in Fairshake’s spending on the 2026 US elections ahead of today's Indiana primary elections. Source: FEC Read more

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