Latest news
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Gravity Bridge halts after $5.4M exploit tied to signing key compromise
Gravity Bridge, a cross-chain bridge connecting Ethereum and Cosmos, was drained of approximately $5.4 million in a suspected signing key compromise, prompting validators to halt operations while investigating the breach.
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Vietnam Ministry of Finance Proposes Digital Assets as SME Loan Collateral
Vietnam's Ministry of Finance has proposed amendments allowing small and medium enterprises to use digital assets and intellectual property as bank loan collateral, marking a significant shift toward institutional legitimacy for crypto in the country.
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Isaac Patka proposes three-multisig framework for DeFi governance
Security Alliance certifications lead Isaac Patka introduced a three-multisig architecture on the Unchained podcast to improve DeFi protocol safety, arguing that over 90% of recent incidents stem from operational failures, not code vulnerabilities.
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BNB and ASTER Rally on Binance June 1 Product Reveal Speculation
BNB and ASTER surged on speculation tied to Binance's teased product reveal scheduled for June 1, with traders interpreting clues as hints toward tokenized equities. However, Binance has not confirmed the rumors, and speculative rallies can reverse quickly.
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Bitcoin at $73K: $71K support test looms as downside risk emerges
Bitcoin is trading near $73,000 as traders debate whether the February low of $60,000 marked a market bottom. Analyst Michael van de Poppe says the token faces a critical support test at $71,000, with potential downside to $65,000 if that level breaks.
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Asian chipmakers bet billions on OpenAI and SpaceX infrastructure
Wealthy Asian investors poured $24.3 billion into global AI funding in 2025, nearly triple the prior year, as OpenAI's $122 billion round and SpaceX's record IPO fuel demand for semiconductor supply chains across South Korea and China.
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PBOC plans national clearinghouse for digital yuan transactions
The People's Bank of China disclosed plans to build a dedicated national clearinghouse for e-CNY transactions, modeling it after China UnionPay. The move signals the digital yuan is transitioning from pilot project to permanent infrastructure.
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May Jobs Report Due Friday; April Payrolls Beat Forecast
The Bureau of Labor Statistics releases its May 2026 Employment Situation report on June 5, with April data showing 115,000 nonfarm payrolls against a 62,000-65,000 forecast. Steady growth and flat 4.3% unemployment may limit Fed rate-cut prospects, though declining labor participation signals underlying weakness.
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SoftBank pledges €75 billion for Europe's largest AI facility in France
Masayoshi Son has entered talks with French President Emmanuel Macron to build a €75 billion AI data center and semiconductor fabrication hub in France, with a formal announcement expected within weeks.
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US disables Iranian blockade-runner, Treasury freezes $344M in digital assets
The US disabled the Lian Star, a Gambian-flagged vessel attempting to breach an Iranian naval blockade, marking the sixth enforcement action since April 13. The Treasury simultaneously froze nearly $344 million in digital assets connected to the Iranian regime.
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CLARITY Act stalls in Senate over ethics demands tied to Trump crypto ties
Democratic senators are conditioning their support for the CLARITY Act on ethics provisions targeting presidential conflicts of interest, jeopardizing a bipartisan crypto regulatory framework that passed the House with overwhelming support.
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Fetch.ai launches Fetch-Skills to simplify autonomous agent development
Fetch.ai released Fetch-Skills, an open-source CLI tool that injects curated knowledge directly into AI coding assistants, lowering the barrier to building agents on the platform.
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Hedgebook launches S&P 500 hedging app using Kalshi prediction markets
Hedgebook has launched a user interface that maps roughly 500 S&P 500 stocks to 47 prediction market contracts on Kalshi, allowing institutional investors to hedge macroeconomic risks without options complexity.
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XRP Burn Rate Drops 35% as Network Activity Weakens
XRP's burn rate fell 35% in 24 hours as network activity weakens amid market volatility, creating mixed signals even as the token shows modest price gains and holds above key support levels.
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U.S. seizes $1 billion in Iranian cryptocurrency under Operation Economic Fury
The United States seized approximately $1 billion in cryptocurrency tied to Iran as part of Operation Economic Fury, a Treasury-led campaign to restrict Tehran's access to overseas revenue, banking networks, and digital assets. Treasury Secretary Scott Bessent said the action is contributing to worsening economic conditions in Iran, including military payment failures and inflation exceeding 200 percent.
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Nvidia launches Arm-based N1 processors for Windows PCs with Microsoft, Dell
Nvidia will launch its first Windows PC processors next week during Computex and Microsoft Build, with devices from Surface and Dell confirmed. The Arm-based N1 and N1X chips integrate CPU, GPU, and AI acceleration.
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Republican Candidate Liquidates $800K Bitcoin for Florida Congressional Bid
Michael Carbonara, a Republican candidate for Florida's 22nd Congressional District, converted 10 Bitcoin to $800,000 in USDC stablecoin to fund his campaign, arguing blockchain technology can improve government transparency.
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XRP Lending and Collateral: Flare CEO Outlines DeFi Strategies
Hugo Philion, Flare's co-founder and CEO, outlined how XRP holders can deploy their tokens as collateral to access yield-generating lending strategies, marking a shift from payment-focused use cases to DeFi opportunities on the XRP Ledger.
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Microsoft threatens legal action against researcher over zero-day exploits
Microsoft's Digital Crimes Unit has disabled accounts and threatened legal action against security researcher Nightmare Eclipse for publishing zero-day exploits, sparking debate over vulnerability disclosure practices and researcher safety.
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Bitcoin Depot files Chapter 11 as regulators shut down crypto ATM industry
Bitcoin Depot, North America's largest Bitcoin ATM operator, filed for Chapter 11 bankruptcy on May 18 after revenue collapsed 49% year-over-year. The collapse reflects a broader regulatory crackdown on crypto ATMs, which authorities cite as vectors for fraud and money laundering targeting elderly victims.
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Binance targets 3 billion users by 2030 as crypto and traditional finance converge
Binance aims to grow its active user base tenfold to 3 billion by 2030, betting on a merger between crypto infrastructure and traditional finance. Catherine Chen, the exchange's Head of VIP and Institutional, said financial institutions increasingly prefer integrating with crypto platforms rather than building infrastructure alone.
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SoFi becomes first US national bank to launch stablecoin in consumer app
SoFi Technologies launched SoFiUSD on May 27, making it the first US national bank to integrate a stablecoin directly into a consumer banking application. The dollar-backed token is now available to SoFi's 14.7 million members on Ethereum and Solana.
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Iran downs second Israeli Orbiter drone near Strait of Hormuz
Iran's military shot down two Israeli surveillance drones near the Strait of Hormuz in late May while the US and Iran pursued peace negotiations, raising concerns about energy security in a critical global oil chokepoint.
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Bitcoin tests $74K as Trump signals Hormuz reopening
Bitcoin briefly recovered to the $74,000 level on May 29 after President Trump indicated he would finalize an Iran deal requiring the Strait of Hormuz to reopen, a geopolitical signal that could ease oil-inflation pressures on risk assets when traditional markets reopen Monday.