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Ondo Finance founder Nathan Allman has unexpectedly passed away at the age of 32, the company announced on X (formerly Twitter).
The company did not disclose the cause of death. Additionally, Ian De Bode is stepping up as CEO of Ondo.
Ondo Finance founder Nathan Allman has passed away.
Nathan Allman founded Ondo in 2021 after previously working on Goldman Sachs' digital assets team. Under his leadership, Ondo brought around $3.86 billion worth of tokenized real-world assets (RWA) to the blockchain. These assets include government bonds, stocks, and commodities, with over 111,000 holders.

The CEO of Commonwealth Bank of Australia, Matt Comyn, warned that artificial intelligence (AI) is going to impact jobs across many sectors.
The leader noted that AI is transforming the workforce across the economy, and downplaying its impact won't protect employees.
CBA's CEO: Denying the job impacts of AI won't safeguard workers.
In his opinion piece, Comyn emphasized that the future of jobs remains highly uncertain, both in the short term and over the next decade.
He explained that while certain tasks are likely to become automated and some jobs may diminish, new roles could also emerge.

Cross-chain protocol Squid pulled out from the third-party Gnosis Safe module, the SquidRouterModule, after attackers made off with around $3.2 million in Ethereum and Base.
Blockchain security firms detected an exploit affecting 86 Gnosis Safe accounts in about two hours.
Squid distanced itself from the $3.2 million SquidRouterModule incident
Blockaid highlighted that the attacker swapped the stolen tokens for DAI through Uniswap V3 pools controlled by the attacker.

Kevin Warsh has taken the helm as the 17th chair of the United States Federal Reserve (Fed) on May 22. He replaced Jerome Powell with a slim senate vote and inherited a stubborn inflation, a $6.7 trillion balance sheet, and a crypto market that’s still sensitive to central bank moves.
His background as a former Fed board member, an economic advisor during the Bush era, and a Wall Street financier suggests a hawkish and less interventionist Federal Reserve. The markets are reacting to this change in real-time, and crypto investors are keeping a close eye.

Coinbase leaders jointly defended payment stablecoins in response to a Wall Street Journal column. The article questioned whether privately issued digital dollars pose a systemic risk to the U.S. economy.
Chief Legal Officer Paul Grewal and Political Leader Faryar Shirzad both expressed their support for the Digital Asset Market Clarity Act bill. Their statements showed strong executive backing for the progress of the market structure legislation in the Senate.
Reaction to private money

Huawei may have challenged one of the biggest assumptions of the AI boom: that advanced chips will remain scarce, expensive, and dominated by Western firms like Nvidia and TSMC.
At the 2026 IEEE International Symposium on Circuits and Systems in Shanghai, Huawei unveiled a new semiconductor tech called Tau (τ) Scaling Law and a chip architecture known as LogicFolding.
Huawei is seeking an alternative route to circumvent U.S. sanctions
According to the company, this tech could enable chip production by 2031 with a transistor density of 1.4 nm, all without relying on restricted Western lithography equipment.

Three major altcoins are signaling moves that could bring new all-time highs back into play this week. Hyperliquid (HYPE), Tron (TRX), and WhiteBIT Coin (WBT) are all close to their former record levels.
HYPE has already surpassed its previous peak and is currently in a price discovery phase. TRX is about 18% below its high, while WBT is changing hands around 13% below its record.
HYPE just broke its previous all-time high and is now on the hunt for new price levels.

The price of Pi Coin is drifting towards a new all-time low as the bearish market structure tightens its grip on the token, with the bottom now just slightly below the current price.
Three independent signals regarding capital flow, social activity, and smart money positioning have now turned against the token as it tests its crucial support for the first time since February.
Head and Shoulders -pattern occurs when the CMF indicates capital outflow
The PI/USDT daily chart shows a head and shoulders pattern, which is a classic bearish market reversal structure. The pattern features a higher peak in the middle (head) and two lower peaks on either side (shoulders), connected by a horizontal neck line that ties the swing lows together.

XRP's price is facing a bearish head and shoulders pattern, which could trigger an 18% drop below $1. However, exchange withdrawals have surged over 300% since mid-May. Additionally, Open Interest has decreased, and the level of long leverage has dropped to multi-week lows.
Strong buying pressure might keep XRP in a range for now, but a drop below the neckline strengthens the bearish scenario.
The bearish head and shoulders pattern threatens an 18% drop.
The 12-hour chart for XRP shows a bearish head and shoulders pattern. The left shoulder formed at the beginning of March, with the head peaking in mid-March. The right shoulder completed in mid-May and reflects the structure of the left shoulder.

Polymarket traders are estimating a 39% chance that the U.S. will announce a new Iran deal by May 31, even though the Memorial Day market closures are diluting Wall Street's reaction to President Donald Trump's extensive diplomatic push.
On Monday, Trump issued a public mandate to Saudi Arabia, Qatar, Pakistan, Egypt, Turkey, and Jordan, requiring them to sign the Abraham Accords as a condition for a final resolution on Iran, expanding the diplomatic scope of the negotiations.

Hyperliquid (HYPE) hit a new all-time high, soaring over $64 on Sunday, as blockchain trackers noted significant movements among the whales during the price rally. Some wallets stacked their bags with millions, while others took profits.
The token's price surged over 40% last week. According to the latest data from BeInCrypto Markets, the altcoin's price was $63.70, which has risen over 0.53% in the last 24 hours.
Wallet 0x9137 deployed $15.1 million in USDC to scoop up 238,811 HYPE at a price of $63.25 each, according to Lookonchain data. A newly created wallet also withdrew 63,780 HYPE from Bybit, valued at $4.06 million.

Jeremy “jercos” Sturdivant, who scored 10,000 bitcoins (BTC) during the legendary Bitcoin Pizza Day event, has confirmed he used them up on a road trip across the United States when funds ran dry.
The story resurfaced after Blockstream's CEO Adam Back shared a clip where Sturdivant recounts the exchange. The post quickly went viral in the crypto community's social media and drew more attention to one of Bitcoin's most famous trades.
10,000 BTC that funded the road trip

Wallets linked to BlackRock sold a total of $1.01 billion worth of Bitcoin (BTC) over five trading days last week. The sell-off coincided with the viral clip of Larry Fink's interview advocating for crypto making rounds again.
This contradiction sparks particular debate as BTC's price hovers around $77,000. This suggests that other buyers are soaking up the supply released due to IBIT redemptions.
The circulating comment from Larry Fink is months old. The snippet where he states that crypto is 'not a bad asset class' and that it has its 'role' alongside gold comes from CBS 60 Minutes from October 2025.

In 2026, DeFi losses exceeded a billion dollars in just four months, with April alone draining $634 million across 28+ incidents, marking the worst month in history.
Drift ($285 million) and KelpDAO ($292 million) alone accounted for April's $577 million in losses, and neither was due to a code exploit.
DefiLlama's 2026 hack analysis shows the same trend.
The biggest slices come from LayerZero bridge vulnerabilities (18%), compromised admin keys (16%), counterfeit tokens (14%), and private key breaches (11%).

Banana For Scale (BANANAS31), Pudgy Penguins (PENGU), and SkyAI (SKYAI) are at critical technical levels this week. Each daily candlestick has its own unique setup that traders should keep an eye on as the volatility of these meme coins returns.
The entire meme coin sector is still very active in 2026, and traders are treating these tokens as high-beta investments relative to Bitcoin. The charts for the three coins are giving mixed signals, suggesting that the sector is still searching for a clearer direction.

The $2 trillion AI boom in Big Tech is hiding a structural flaw. Critics argue that tech companies are secretly paying themselves through their own cloud bills, raising new AI bubble fears reminiscent of the dot-com era.
The latest company disclosures reveal that just OpenAI and Anthropic make up over half of the upcoming $2 trillion cloud contracts made by Microsoft, Amazon, Google, and Oracle. These four trillion-dollar giants are thus leaning heavily on two unprofitable startups.

Tether and the Georgian government are launching the GEL₮ stablecoin, pegged to the Georgian lari. This is one of the first instances where a national fiat currency is being integrated into blockchain technology.
Lanseeeraus is joining Georgia's new stablecoin system, which the country built to comply with the US GENIUS Act. Georgia is now one of the first jurisdictions aiming for regulatory interoperability with the United States' digital asset regulations.
Why a national stablecoin right now

The broader crypto market fell over 5% this week, but XRP whales increased their holdings by 71 million tokens, ETF investments remained strong, and ledger activity clearly surged.
Claude analyzes the underlying factors, risks, and a realistic progression path, presenting three scenarios that could define XRP's development through 2026.
Whales and ledger activity are not following the market downturn.
Accumulating XRP means that large wallets are boosting their XRP holdings during a price dip, indicating a strong long-term outlook instead of panic selling.

Deel is rolling out stablecoin payroll payments on Polygon for full-time employees starting May 20, 2026, initially for eligible users in the U.S. and the Eurozone.
This upgrade integrates crypto payroll into traditional HR software used by global employers, not just products for crypto sector contractors.
Competitors like Toku, Rise, and Bitwage are also showing that paying salaries in stablecoins is already significant, with key factors being transaction volume, compliance, and easy withdrawals.

The strategy skipped Bitcoin buys this week and instead directed capital towards a buyback of convertible notes worth around $1.5 billion below par value.
CEO Michael Saylor described the decision as temporary. According to him, the company's Bitcoin acquisition machine is already gearing up for the next move.
What are Strategy's convertible notes?
Strategy's convertible senior notes are corporate bonds with no interest that mature in 2029. Holders can convert these into company shares if Strategy's stock exceeds a certain price threshold. The company raised $3 billion with this structure in November 2024, and the funds were almost entirely directed towards buying Bitcoin (BTC).