24/7 Blockchain industry dynamics and breaking crypto news
Renowned on-chain investigator ZachXBT offers a $10,000 bounty for evidence of alleged market manipulation involving the LAB project on major exchanges, seeking insider documents and identity clues to hold bad actors accountable.
Read MoreInitial jobless claims in the US fell to 200,000 last week, slightly below forecasts of 205,000. While up from the prior week's revised figure, the data continues to indicate a resilient and tight labor market.
Read MoreKraken has acquired a major Asian stablecoin infrastructure company for approximately $600 million. This strategic acquisition aims to bolster Kraken's capabilities in stablecoin technology and payment solutions, marking a significant expansion move in the competitive digital asset landscape.
Read MorePrediction market platform Kalshi raised $1 billion in funding led by Coatue Management, valuing the company at $22 billion. With 2 million monthly active users and annualized trading volume hitting $178 billion, rapid growth is evident. However, the sector faces increasing regulatory challenges and debates over potential insider trading alongside massive capital inflow.
Read MoreA Nasdaq-listed firm revealed a strategic $100 million allocation to establish a digital asset treasury, with Ethereum as its cornerstone. This long-term capital deployment aims to gain exposure to digital finance infrastructure without impacting core business operations.
Read MoreAnthropic's implied valuation in on-chain pre-IPO markets has surged past $1.2 trillion, surpassing OpenAI's valuation by approximately 20% for the first time. This positions it to become the world's 11th largest public company by market cap, signaling a major shift in the AI competitive landscape.
Read MoreThe U.S. Justice Department and CFTC are investigating at least four crude oil short trades totaling over $2.6 billion. The probe focuses on their suspicious timing around key Iran war announcements, raising concerns about potential insider trading based on non-public government information.
Read MoreBoston Fed President Collins expressed support for holding rates steady but advocated for changes in policy statement wording to avoid signaling a bias toward cuts. She emphasized that rates could remain elevated for longer, with the path forward dependent on persistent inflation data.
Read MoreBased Foundation confirms Season 3 completion, with BASED tokens automatically deposited to staking accounts. Genesis signers receive tokens by May 11, 2026. Unsigned users must accept terms by June 4, 2026 for distribution on June 7, 2026.
Read MoreInvestigators ZachXBT and Specter allege the LAB team and its founder orchestrated repeated pump-and-dump schemes on centralized exchanges by holding large token concentrations, harming retail investors. Private outreach went unanswered, raising concerns about industry credibility.
Read MoreBNY Mellon, a financial titan with $2.1 trillion in assets, disclosed a major investment in MSTR stock, a key Bitcoin proxy. The bank added over 100,000 shares worth $18.7 million, bringing its total holdings to 1 million shares valued at approximately $187.2 million. This move highlights deepening institutional involvement in the crypto asset space.
Read MoreIran has designated two official shipping lanes in the Strait of Hormuz, requiring vessels to obtain prior authorization for passage. The move strengthens Tehran's control over the vital waterway and could impact global oil transit routes, drawing international attention to regional maritime security.
Read MoreBitwise CEO Hunter Horsley declares the end of crypto's four-year market cycle, citing last year's downturn as a break from the old pattern. He predicts a new structural product will gain widespread adoption within a year, potentially integrating Bitcoin into fixed-income markets.
Read MoreIranian President Pezeshkian recently held a meeting with Supreme Leader Khamenei. The talks lasted nearly three hours in a cordial atmosphere, highlighting important internal discussions.
Read MoreBlockchain data reveals a newly created wallet withdrew 2,500 Bitcoin, worth over $200 million, from Binance in a single transaction. This massive movement by a potential 'whale' is sparking intense speculation about market intentions and future price trends.
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