Category: crypto

Strategy purchased 24,869 Bitcoin for $2.01 billion between May 11 and May 17, bringing their total holdings to 843,738 BTC. The purchase was funded through MSTR common stock and STRC preferred stock sales. The company paid an average price of $80,985 per Bitcoin. Bitcoin prices were below $77,000 due to ETF outflows and liquidations.

Crypto analyst Michaël van de Poppe believes that a stronger business cycle could lead to increased interest in altcoins. He also points to the copper-to-gold ratio as a potential indicator of better risk appetite. The CLARITY Act, which could impact the market, faces uncertainty in the Senate. Altcoin performance remains uneven.

Chamath Palihapitiya warns consulting giants like PwC and Accenture that by embedding OpenAI and Anthropic tools directly into their businesses, they are allowing these firms to become their competitors. He suggests that consulting firms need to control token generation to avoid being replaced by AI-native services companies.

AI now plays a significant role in the credit market, with nearly half of investment-grade bond issuance and 87% of venture capital funding driven by AI. This shift reflects the impact of AI infrastructure spending by major companies on debt and private capital markets, expanding beyond traditional equity markets.

Iran’s Ministry of Economy has launched Hormuz Safe, a Bitcoin-settled maritime insurance platform for vessels in the Strait of Hormuz and Persian Gulf. Premiums are payable in cryptocurrencies, aiming for $10 billion in revenue. Despite the potential, concerns about US sanctions and regulatory issues have been raised.

KB Financial Group completed a proof of concept for a South Korean won-denominated stablecoin, testing payments, settlement, and overseas remittances. The pilot reduced fees by 87% and finished a transfer to Vietnam in under three minutes. South Korea’s stablecoin regulations are still uncertain, but the central bank supports the use of stablecoins in the future…

The U.S. Senate’s crypto market structure bill faces potential delays if not passed before August recess. Republicans need support from seven Democrats for the bill to pass. Failure to pass could leave the crypto industry in regulatory uncertainty. The election calendar may complicate the bill’s timeline. Regulatory clarity is seen as essential for institutional confidence…

Verus Protocol’s Ethereum bridge was exploited, resulting in over $11.5 million in crypto assets being stolen through a forged cross-chain transfer message. Security firms Blockaid, PeckShield, and ExVul identified the exploit and linked it to missing validation checks. The incident is part of a series of DeFi breaches in 2026.

Iran is considering implementing an insurance system for ships crossing the Strait of Hormuz, with speculation about accepting Bitcoin payments. Reports of scam messages demanding Bitcoin or USDT for safe passage have emerged. The US froze $344 million in USDT linked to Iran, leading to debates about using Bitcoin as a settlement tool.

Forsage co-founder Olena Oblamska pleaded not guilty in a U.S. federal court after being extradited from Thailand in connection to an alleged $340 million Ponzi scheme. Three other founders charged in the indictment remain at large. Prosecutors allege that Forsage operated as a Ponzi scheme, leaving most investors with losses.