Category: crypto

The Kelp DAO hacker has laundered nearly all $220 million in unfrozen funds through privacy channels, leaving only about $1.7 million in the original wallets. The funds moved through various platforms, making direct tracing difficult. Legal claims are now pending against the $71 million frozen in Arbitrum, the largest recoverable slice.

A Polymarket market tied to Strategy’s Bitcoin sales has over $80 million in volume and is in dispute after Strategy disclosed a 32 BTC sale before the May 31 deadline. Polymarket proposed a “No” resolution, leading to challenges from users. The final outcome now rests with UMA tokenholders.

Ripple has introduced its USD-backed stablecoin RLUSD to institutions in Türkiye through partnerships with BiLira, Bitexen, and Bitlo. RLUSD has reached a market cap of over $1.7 billion globally. Türkiye is seen as a key stablecoin market, with significant crypto transaction volume. Istanbul Technical University has also partnered with Ripple for blockchain research funded by…

Best Buy now offers Tangem’s crypto self-custody products in over 200 U.S. stores and online. This is Tangem’s largest retail expansion in the U.S., adding to existing partnerships with Walmart and Amazon. The hardware wallets offer secure storage for digital assets and are easily accessible to consumers.

OpenSea is considering adding perpetual contracts, potentially expanding beyond NFT trading. Product Marketing Lead Zack Brenner hinted at this new feature on X, with possible integration with Hyperliquid. OpenSea, currently third in NFT marketplace volume, has not released details on the launch date, supported assets, or user terms for the planned feature.

Twenty One Capital received a warning from the NYSE due to a lack of independent members on its audit committee. The issue arose after Tether bought SoftBank’s shares, resulting in board exits. The company must appoint a qualified member by June 5 to avoid being marked as non-compliant on June 9.

Kalshi has reportedly filed to certify perpetual futures for XRP, Solana, Dogecoin, and other altcoins in the United States. This follows CFTC approval for their Bitcoin perpetual futures contract. The reported filing aims to expand their crypto derivatives offerings beyond Bitcoin, pending regulatory approval.

The Cardano Foundation partners with the Brazilian Olympic Committee to test blockchain, AI, and IoT tools in Brazilian sports. The partnership aims to improve digital identities, fan engagement, equipment tracking, and transparent sports governance for athletes. The three-year roadmap will position COB as a global leader in sports innovation.

MoneyGram has launched MGUSD, a U.S. dollar stablecoin on Stellar, targeting its 60 million customers. The stablecoin is issued by Bridge under the GENIUS Act framework, with M0 handling token creation. The company plans to expand internationally and use Fireblocks for custody. This move follows MoneyGram’s stablecoin initiatives and partnerships within the payments industry.

EDGE token experienced a 40% drop after edgeX reported irregular trading and denied a security breach. Onchain investigator ZachXBT questioned the token’s supply control, claiming insiders controlled most of the supply. The low circulating supply made the token sensitive to large trades, leading to a sharp price drop. EdgeX is investigating the event.