Category: crypto

THORChain is still working to bring the network back online after the May 15 incident. Nodes have approved ADR028 for a staged restart after the exploit, with a hacker bounty now active. Developers are preparing for v3.19.0 testing, while security audit is ongoing. The focus is on restoring the network safely.

Bubblemaps estimates that a Hyperliquid whale linked to former BitForex CEO Garrett Jin would have been up $70 million if he never traded Ethereum. However, after catastrophic ETH longs, the trader is now down $128 million overall. The trader made $100 million shorting BTC in a flash crash. The trader is now back on Hyperliquid…

Ripple co-founder Chris Larsen’s XRP wallets have shown renewed activity ahead of Tuesday’s Texas Democratic primary runoff election. Larsen holds approximately 2.58 billion XRP across eight wallets, making his holdings one of the largest individual XRP positions. This activity follows significant transfers to exchanges in January 2025, drawing attention from the XRP community.

Fairshake-affiliated crypto PAC Protect Progress spent $5 million supporting Christian Menefee and $2.8 million opposing Al Green in a Texas congressional runoff. Menefee has high odds of winning, while Green’s anti-crypto stance made him a target. Fairshake’s $193 million war chest aims to influence congressional seats in contested districts.

Y Combinator co-founder Paul Graham criticized Senator Elizabeth Warren’s anti-crypto campaign as a mistake that hurt Democrats without stopping the industry’s growth. Warren’s actions alienated voters and donors, leading to her decision not to seek reelection in 2026. Graham also criticized former SEC Chair Gary Gensler’s approach as ineffective.

Ondo Finance founder Nathan Allman has passed away, leading to Ian De Bode becoming the new CEO. De Bode has been with the company for over two years and will continue the company’s mission. Ondo has experienced growth in the tokenized real-world asset market, expanding its offerings and partnerships.

Strategy did not purchase any Bitcoin between May 18 and May 24, focusing instead on buying bonds. BitMine also did not buy any Ethereum during this period. Despite this, four public companies bought 612 Bitcoin worth $47.5 million. Stablecoin liquidity decreased by $687 million, and DEX volumes also declined.

OKX’s Layer 2 network X Layer introduced Exchange OS, allowing developers to create their own trading venues. The first venue will launch in June with 2026 World Cup outcome markets. The upgrade aims to address limitations in on-chain finance by allowing for custom market creation with different assets, revenue models, and compliance settings.

Scammers are using fake Uniswap websites promoted through Google Ads to steal at least $400,000 from crypto users. Security groups report that attackers continue to drain connected wallets through phishing campaigns tied to malicious Google advertisements. The phishing operation relies on sponsored Google search ads designed to appear above legitimate Uniswap links.

Kelp DAO has completed the final operational step in its rsETH recovery plan after the hack that led to a loss of $293 million linked to Lazarus Group. Aave is still recovering from the aftermath of the exploit, with users withdrawing liquidity and legal battles ongoing over frozen assets.