Category: crypto

The Ronin L2 migration was completed on May 12, ending its four-year tenure as a sidechain with a 10-hour network shutdown. The hard fork transitioned Ronin to an OP Stack Ethereum Layer 2, reducing RON token inflation, changing the Proof of Distribution model, and increasing marketplace fees. The migration addressed security concerns and centralized governance,…

SKYAI surged 44% to become the top gainer among the top 100 cryptocurrencies, while ONDO dropped 10%, indicating a shift from RWA and yield infra tokens to AI-adjacent tokens. This rotation trend reflects a broader dynamic in the mid-cap crypto market. AI-themed tokens like SKYAI are attracting significant interest due to the agentic AI narrative.

Banque de France deputy governor Denis Beau is urging European players to develop euro-based stablecoins to counter the dominance of dollar-pegged stablecoins. This goes against ECB president Christine Lagarde’s approach of waiting for a central bank digital euro by 2029. Beau believes private-sector solutions are needed now to prevent “digital dollarisation” in European payment infrastructure.

A binding Arbitrum Improvement Proposal launched on May 12 aims to transfer 30,765 ETH worth $71 million to Aave LLC as part of the Kelp exploit recovery. A Manhattan federal judge cleared the transfer, but terrorism creditors holding $877 million in unpaid North Korea judgments retain a legal claim on the funds.

MARA Holdings sold $1.5 billion in bitcoin in Q1 2026, becoming the fourth largest public BTC holder. The company used $1.1 billion to repurchase convertible notes. MARA now focuses on digital infrastructure, converting energy into high-value compute workloads. They are also acquiring Long Ridge Energy and Power for AI data center buildout.

Payward, the parent company of Kraken, has partnered with Franklin Templeton to tokenize financial products for distribution on Kraken’s platform. This includes integrating the BENJI tokenized money market fund as collateral and cash management, allowing clients to earn yield on idle dollars on-chain. This partnership signals Franklin Templeton’s deepening involvement in the crypto space and…

Bitcoin analyst Matt Mena from 21Shares believes that Bitcoin’s resistance to selling off despite high inflation data indicates that inflation is already factored into the market. He predicts a potential push towards $90,000 following the CLARITY Act vote. Bitcoin is currently trading around $82,010, with $80,000 seen as a significant support level.

Exodus wallet sold 1,076 bitcoin in Q1 2026 to fund its $175 million acquisition of W3C’s payments business. This reduced their BTC holdings from 1,704 to 628 coins. Q1 revenue fell 36.8% to $22.7 million, leading to a net loss of $32.1 million. The company is pivoting towards becoming a crypto-native payments platform.

The DTCC Chainlink Collateral AppChain partnership aims to automate collateral management across global markets 24/7 by Q4 2026. The platform will integrate Chainlink’s technology to power pricing, margining, and settlement processes. This collaboration extends the 2024 Smart NAV pilot and aims to modernize collateral mobility in financial markets.

Polymarket now offers markets based on Elon Musk’s weekly tweet count, turning his social media activity into tradable on-chain data with significant probability swings. Traders can bet on ranges of tweets and witness wild fluctuations in odds as Musk’s posting pace changes. This reflects a broader trend of transforming prediction markets into real-time probabilistic data…