Category: crypto

Drift Protocol announced that its insurance fund was not affected by a recent attack. Users who staked into the fund will be able to withdraw their shares normally once the protocol is back online. The fund was spared from losses because the protocol was paused before any liquidation or bankruptcy occurred.

Plume has received a digital asset business license from the Bermuda Monetary Authority, becoming the first regulated on-chain vault manager. This approval places Plume among firms operating under Bermuda’s digital asset framework. The license strengthens Plume’s position in the tokenization and blockchain-based financial infrastructure space, giving it regulatory legitimacy.

Former CFTC chair Timothy Massad believes that a US digital dollar is inevitable despite a CBDC ban. He highlighted Project Agora as evidence of US involvement in CBDC infrastructure. The Federal Reserve’s chief payments executive acknowledged that a digital dollar could fall under the Fed’s responsibility if introduced. Massad warned that staying out of global…

Dollar stablecoin supply remains at 99% of the global market, while non-dollar stablecoins have stalled at a 0.24% share. Despite the growth in non-dollar stablecoins, their market share has decreased. Dollar stablecoin issuers benefit from a reserve advantage with tokenized US Treasuries, giving them a significant advantage.

Bitfinex margin long positions in Bitcoin surged to 80,636 BTC on May 20, the highest since December 2023. Despite a 13% decline in Bitcoin’s price in 2026, long positions increased by 10%. This indicates a possible price floor, but some traders are cautious due to the risk of liquidations.

Jane Street has rejected new insider trading claims involving a private Telegram channel during the 2022 Terra collapse. The lawsuit alleges the firm used the channel to sell $192 million in TerraUSD before the collapse, making $134 million in profit. Jane Street denies the claims and is defending vigorously.

AI search startup Exa Labs raised $250 million in funding led by Andreessen Horowitz, increasing its valuation to $2.2 billion. The company is focused on building search infrastructure for AI systems instead of traditional users, aiming to improve how large language models retrieve and process live web information. Investors are optimistic about disrupting traditional web…

AllUnity is set to launch SEKAU, a stablecoin backed 1:1 by Swedish krona reserves in June, pending regulatory approval. The German startup also introduced Agentic Payments for AI-initiated business transactions. SEKAU will be one of the few non-dollar stablecoin alternatives in the market, competing with predominantly dollar-backed tokens.

ZachXBT alleges that $25 million from BlockDAG and ZKP presale funds were mixed and used for influencer promotions and gambling marketing linked to Gurhan Kiziloz. Investors are warned to avoid these projects due to undisclosed reuse of funds and questionable financial practices. Frustration among retail investors is growing over unclear fund use and withdrawal delays.

Raoul Pal predicts that AI and crypto could increase global GDP by $100 trillion within a decade. He sees AI and blockchain converging into a single infrastructure layer for the economy, with the crypto market potentially growing to $100 trillion. Pal believes individuals can own blockchain infrastructure and benefit from AI advancements.