Category: crypto

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.

The Clarity Act, supported by Ripple CLO Stuart Alderoty, aims to establish clear rules for the US crypto market, potentially unlocking trillions of dollars. The bill advanced in the Senate Banking Committee with bipartisan support, but still requires more votes and reconciliations before becoming law. Failure to pass could delay crypto regulation until 2030.

Glassnode warns that 1.92 million BTC, or 9.6% of the total supply, is exposed to a quantum breakthrough. Satoshi Nakamoto’s coins and early outputs are at risk. In addition, 4.12 million BTC, or 20.6% of the supply, is operationally exposed due to address reuse. Exchanges should improve security measures.

Checker, a stablecoin infrastructure startup, has raised $8m to expand its single-API platform for banks and fintechs. The company has processed over $3b in transactions in the last year. The funding will support global expansion and the development of AI agents for onboarding, compliance, and treasury operations.