Category: crypto

The Bank of England is reviewing proposed stablecoin holding caps and reserve requirements after concerns raised by digital asset firms that strict rules could hinder the use of pound-backed tokens at scale. Officials are reconsidering ownership limits and reserve percentages to ensure competitiveness in the global stablecoin market.

Binance Alpha will remove 20 tokens from its featuring list on May 14 at 06:00 UTC after a recent review. The affected assets include PRAI, COMMON, PINGPONG, TAKER, JANITOR, GATA, KLINK, CORL, SWTCH, ARIAIP, LONG, ZKWASM, GORILLA, ECHO, LITKEY, FIR, GM, DELABS, DONKEY and WHY. Binance warned that Alpha tokens may carry higher than normal…

North Korean hacking groups, specifically Lazarus Group, have been linked to most major crypto exchange attacks in South Korea since 2018, resulting in confirmed thefts exceeding $120 million. Additionally, billions of dollars in suspected illicit crypto flows have moved through South Korea’s financial system, with $6.4 billion tied to the Hwanchigi laundering network. Regulatory oversight…

Blockchain investigator ZachXBT accused the LAB project of market manipulation, claiming insiders controlled over 95% of token supply. Allegations include concealed distribution data, changed lock-up terms, and suspicious token movements. ZachXBT calls for exchange investigation and warns of extreme price manipulation. LAB has not responded publicly, raising concerns about transparency in the crypto sector.

Bitcoin briefly surpassed $80,000 despite a slight decline, with traders analyzing ETF inflows, macroeconomic factors, and derivatives positioning to determine if BTC will continue to rise or correct. Institutional inflows and derivatives activity have been key drivers, with debate over whether Bitcoin can sustain momentum above $80,000.

Coinbase has become the official USDC treasury deployer on Hyperliquid, doubling the stablecoin’s supply to $5 billion. The partnership includes Native Markets granting Coinbase purchasing rights for USDH-branded assets. This move strengthens Coinbase’s expansion in DeFi and aims to position USDC more aggressively in decentralized trading venues.

Block’s Square has enabled around one million U.S. merchants to accept Bitcoin payments through Lightning Network support. This is part of Block’s wider Bitcoin strategy, including Cash App rewards and Bitkey custody. The rollout aims to make Bitcoin useful for payments, not just holding it long-term, with near-instant settlement and real-time exchange rates.

Pi Network has regained market attention with a new Know Your Customer update. Over 18.1 million users have passed KYC checks, but some are still pending. The team is working on AI-assisted verification tools to address user concerns. Despite the update, PI’s price remains weak, with traders cautious.

Jane Street reduced its Bitcoin ETF holdings in Q1 2026 while increasing exposure to Ether funds. The trading firm also cut positions in Bitcoin mining firms but raised stakes in select crypto equities. Despite legal scrutiny related to the collapse of TerraUSD, Jane Street generated a record $16.1 billion in trading revenue.

CoinMarketCap has cautioned users that it has not introduced any official token or coin, and any promotions for “CMC Tokens” should be considered fake and likely part of a scam. The warning targets social media posts, messages, or ads claiming that CoinMarketCap has issued a token, advising users to be cautious of impersonators and always…