Cointelegraph.com
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Cointelegraph.com - 07:00 May 05, 2026
The partnership enabling conversion of digital assets into cash through MoneyGram’s global network follows a similar move by rival Western Union. Kraken has teamed up with MoneyGram to let users convert crypto into cash for pickup across more than 100 countries, expanding access to off-ramps through its global retail network. According to Tuesday’s announcement, Kraken users will be able to convert digital assets into local currency and collect cash instantly or near-instantly through MoneyGram’s payout network, which supports hundreds of fiat currencies. The service will roll out in phases across regions including the US, Europe, Latin America, Africa and parts of Asia-Pacific, with plans to add bank deposits and cross-border payouts later. Read more -
Cointelegraph.com - 06:12 May 05, 2026
Haun Ventures founder Katie Haun said AI will “increasingly begin to conduct economic activity on our behalf," and services will need to adapt for that world. Haun Ventures has raised $1 billion to back early- and late-stage crypto startups, while expanding into artificial intelligence for the first time. The funds will focus on three areas: crypto financial infrastructure, tokenization and AI agents. The firm's founder, Katie Haun, called these areas the “new economy.” “I’ve been following the flow of assets my entire career, and this is the most dynamic period in technology and finance I’ve ever witnessed,” said Haun, a former US government prosecutor turned crypto executive, in a blog post on Monday. Read more -
Cointelegraph.com - 06:08 May 05, 2026
The new wallet feature hides senders, receivers and amounts onchain while maintaining compliance through know your transaction screening and auditable files. Ethereum scaling solution Polygon has launched private stablecoin payments in an effort to attract more businesses and institutions to the chain. In a statement on Sunday, Polygon introduced its new wallet feature that enables users to privately route transactions through a shielded pool, with verification handled by zero-knowledge proofs. The move is part of an integration with privacy protocol Hinkal. “For onchain payments to go mainstream, businesses need privacy. Not ‘hide from regulators’ privacy. Operational privacy,” noted Polygon community lead Smokey on X. Read more -
Cointelegraph.com - 03:51 May 05, 2026
Aave argued that a thief doesn’t gain lawful ownership of property by stealing it and that Gerstein Harrow’s legal argument “defies logic, common sense and the law.” Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed at blocking Arbitrum DAO from transferring 30,766 frozen Ether to the victims of the Kelp exploit. Gerstein Harrow LLP served Arbitrum DAO with a restraining notice on Friday, arguing its clients are owed over $877 million in default judgments against North Korea. The law firm claims the North Korean hacker group behind the Kelp exploit had possession of the tokens, giving its clients a legal claim over the Ether. Aave filed the emergency motion in a New York district court, arguing that a thief doesn’t gain lawful ownership of property by stealing it. It also argued that North Korea is only suspected of being part of the theft, and that the law firm's argument “defies logic, common sense and the law.” Read ... -
Cointelegraph.com - 23:24 May 04, 2026
Bitcoin’s recent rally to $80,000 amid improving BTC miner and options markets metrics could create a clear path to $85,000. Key takeaways: Bitcoin (BTC) surged to $80,000 for the first time in three months on Monday, triggering $270 million in liquidations across leveraged short (sell) futures contracts. This positive momentum for Bitcoin coincided with tech stocks jumping to an all-time high, signaling a broad risk-on environment. Currently, three key indicators point to further upside momentum for Bitcoin. Read more -
Cointelegraph.com - 23:13 May 04, 2026
What crypto hacks? North Korea denies “unfounded” allegations. Upbit’s official bank partner to trial remittances with Ripple. Asia Express. -
Cointelegraph.com - 22:34 May 04, 2026
World Liberty Financial claimed Sun engaged in defamatory tactics and prohibited token transfers, including shorting the WLFI token and conducting straw sales on behalf of others. World Liberty Financial filed a defamation lawsuit against Tron founder Justin Sun in Florida, escalating a legal fight between the Trump family-linked crypto platform and one of its largest investors. The lawsuit, filed Monday in the Eleventh Judicial Circuit Court for Miami-Dade County, accused Sun of making false public statements about World Liberty and violating WLFI token-sale terms through alleged prohibited transfers, short-selling and straw purchases. The lawsuit also accused Sun of spreading defamatory statements surrounding the crypto platform, demanding a court-ordered retraction and compensation from the founder. Sun denied the allegations in a Monday post on X, calling the lawsuit a “meritless PR stunt” and saying he looked forward to defeating the case in court. Read more -
Cointelegraph.com - 21:55 May 04, 2026
With $114 trillion in custodied liquid assets, Depository Trust & Clearing Corporation looks to position tokenization as future of existing financial system. The Depository Trust & Clearing Corporation (DTCC) plans to pilot trading of tokenized securities in July with a goal of a full service launch in October. The post-trade market infrastructure giant said Monday that more than 50 TradFi and DeFi firms will play a role in the design and deployment of the service. That DTCC Industry Working Group includes Alpaca, Anchorage Digital, BitGo Bank & Trust, BlackRock, Circle and Fireblocks, along with some of the biggest banks in the country. Source: DTCC Read more -
Cointelegraph.com - 20:38 May 04, 2026
Crypto markets turned euphoric as BTC traded above $80,000, but a rally through short-term holders’ cost basis is needed to cement the bull trend. Bitcoin (BTC) reached a new three-month high of $80,500 on Monday, testing the level for the first time since Jan. 31. The rally above $80,000 puts the price just below short-term holders' cost basis of $81,486, the next dynamic resistance level. For the rally to continue, a daily close above this level is key to securing $80,000 as support. Bitcoin’s rally to $80,000 places the price directly under the short-term holder's realized price of $81,486. This metric reflects the average cost of coins moved over the last 155 days and indicates where recent buyers have flipped from loss to profit. A daily close above $81,500 would return these holders to profit and reduce sell-side pressure. According to crypto analyst Crazyyblockk, the short-term holder losses have narrowed to about -2.17%, showing that the overhead supply band is thinning. The long-term holders (LTHs) ... -
Cointelegraph.com - 19:51 May 04, 2026
Tether’s XAUt tops $3.3 billion as gold reserves reach 154 tons, with demand rising amid geopolitical tensions and shifting expectations for Federal Reserve policy. Tether’s tokenized gold product, Tether Gold (XAUt), saw reserves expand sharply in the first quarter as investor demand for bullion increased amid macroeconomic uncertainty ahead of the Iran war. In its latest report, Tether said XAUt surpassed $3.3 billion in market capitalization during the first quarter, representing a 36% increase over the period. The company disclosed that 707,741 XAUT tokens were in circulation at the end of the quarter, with each token backed by one troy ounce of physical gold held in reserve. Read more -
Cointelegraph.com - 18:39 May 04, 2026
Bitcoin has broken above the $79,500 level, backed by solid buying by institutional investors. Will the altcoins also follow? Key points: Bitcoin (BTC) opened the new week with a rally above $80,500, suggesting the bulls are attempting to take charge. Analysts are closely watching the $80,000 level, as some believe a failure to close above it could trigger a move toward $60,000. However, crypto analyst Matthew Hyland said in a post on X that traders calling BTC’s fall to $60,000 and lower ‘will be the ones flipping bullish late above $90K.” Read more -
Cointelegraph.com - 17:21 May 04, 2026
Bitcoin faced new volatility and a new struggle to reclaim $80,000 as Iran events added pressure to crypto and risk assets. Bitcoin (BTC) saw volatility at Monday’s Wall Street open as fresh US-Iran war events sparked instability. Key points: Read more -
Cointelegraph.com - 16:51 May 04, 2026
Institutional investors are entering prediction markets as block trades, custom contracts and US regulatory shifts reshape a sector still dominated by retail users. Prediction markets are evolving from retail speculation platforms into institutional-grade financial instruments, driven by demand for precise macro hedging and clearly defined binary outcomes, according to a May 4 report by Bernstein. The report highlights why institutional investors may find these markets attractive — namely, they allow users to hedge specific event risks, such as tariffs, elections and geopolitical developments, using contracts that resolve to simple yes-or-no outcomes. Bernstein pointed to the first bespoke institutional block trade executed on Kalshi last week as a key milestone. A block trade refers to a privately negotiated, large transaction typically arranged between institutional counterparties. Read more -
Cointelegraph.com - 16:30 May 04, 2026
Ethereum investors are no longer in the red, increasing the chances of a rally to $3,000, but resistance at $2,800 may delay recovery. Ether's (ETH) surge to $2,390 on Monday pushed its value above its realized price, implying that the average holder of ETH is now back in profit. But is this enough for the ETH bulls to reach $3,000? Key takeaways: Read more -
Cointelegraph.com - 15:35 May 04, 2026
The regulator reportedly requested more information from Roundhill, GraniteShares and Bitwise about how the event contract funds would work. The US Securities and Exchange Commission has delayed the expected launch of the first exchange-traded funds (ETFs) linked to prediction markets after requesting more information about their structure and disclosures, Reuters reported Monday. The delay affects more than two dozen proposed ETFs from Roundhill Investments, GraniteShares and Bitwise, according to Reuters, citing people familiar with the matter. The issuers filed for the products in February, and launches had been expected this week after a 75-day review period. The proposed funds would give investors exposure to event contracts tied to binary outcomes, including elections, economic data and market prices, without requiring them to trade directly on prediction market venues such as Kalshi. Read more -
Cointelegraph.com - 15:10 May 04, 2026
K Wave Media is redirecting up to $485 million from a Bitcoin treasury strategy into AI infrastructure, alongside debt reduction and restructuring, per a Form 6-K filing. K Wave Media, a Nasdaq-listed media and entertainment company, said it is redirecting up to $485 million in remaining financing capacity from a Bitcoin treasury strategy into an artificial intelligence infrastructure buildout, according to a Monday 6-K filing with the US Securities and Exchange Commission (SEC). The capital will be deployed into data centers, graphics processing unit (GPU) compute operations and related AI infrastructure investments under an amended securities purchase agreement with Anson Funds, the structured equity financing counterparty to the company. The amendment revises a prior $500 million equity purchase facility, which had been structured to support a Bitcoin treasury strategy, leaving $485 million available for deployment into AI infrastructure initiatives, according to the filing. The Bitcoin treasury was previo... -
Cointelegraph.com - 15:03 May 04, 2026
ZIGChain, the blockchain built to bring regulated investment products onchain for everyday users, today reflected on its second annual ZIGChain Summit, a defining gathering for the future of onchain finance, held on 28 April at the The Meydan Hotel, Dubai. Dubai, UAE, May 5, 2026 – ZIGChain, the blockchain built to bring regulated investment products onchain for everyday users, today reflected on its second annual ZIGChain Summit, a defining gathering for the future of onchain finance, held on 28 April at the The Meydan Hotel, Dubai. Organised in partnership with Disrupt and streamed live on Cointelegraph, the summit brought together institutions, builders, regulators, and capital allocators from across the GCC and global markets under one shared conviction: that the shift from exploration to execution in onchain finance has already begun. The summit's central theme, Nothing Compounds Alone, set the tone for a programme built around coordinated progress. Each session was designed not as another discussion but... -
Cointelegraph.com - 14:40 May 04, 2026
The Bitcoin miner said the FalconX facility lowers its fixed interest rate to 7% and releases about 3,300 BTC from collateral restrictions. Nasdaq-listed Bitcoin mining and energy infrastructure company Hut 8 secured a $200 million Bitcoin-backed credit facility from institutional crypto prime brokerage FalconX, replacing its prior credit facility with Coinbase Credit. The new facility reducwd the company's fixed interest rate to 7% from 9% under the prior Coinbase credit structure, as part of the company’s focus on lowering the cost of debt on its Bitcoin-backed credit and broader cost of capital, said Hut 8 in a Monday announcement. The refinancing unencumbered about 3,300 BTC, worth roughly $260 million, from the collateral package after replacing the prior Coinbase facility, Hut 8 said. Read more -
Cointelegraph.com - 14:08 May 04, 2026
Bitcoin’s rally on Monday pushed it above $80,000 for the first time since January as analysts say BTC price could rise further to fill the futures gap at $84,000 in the short term. Market analysts said Bitcoin (BTC) is “primed for upward momentum” after rallying past $80,000 during the early Asian trading hours on Monday. Key takeaways: Read more -
Cointelegraph.com - 13:21 May 04, 2026
In past instances, BTC has averaged 24% gains in one month when institutional demand absorbed over 500% of the daily mined supply. Bitcoin (BTC) may rally toward $96,000 by June as institutions absorb more than five times the daily mined BTC supply, according to Capriole Investments founder Charles Edwards. In a Monday post, Edwards said institutions have been "slurping up 500%+ of Bitcoin’s daily mined supply." BTC/USD daily chart vs. institutional buying market cap. Source: Capriole Investments Read more
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