News

Italian energy company Alps Blockchain has partnered with Bolivian firm Qurubiqa to initiate Bitcoin mining operations at an idle 127-megawatt natural gas power plant in Cochabamba, Bolivia. According to ChainCatcher, the mining facility currently consumes approximately 27 megawatts of power and achieves a hash rate of 1.23 EH/s. The project plans to increase power consumption to 45 megawatts by the end of the year. The mining equipment utilizes electricity generated directly from the power plant, bypassing the public grid. Due to Bolivia's currency crisis and a shortage of U.S. dollars, the project participants are settling transactions in U.S. dollars.

International Holding Company (IHC), based in Abu Dhabi, has announced the completion of a $30 million transaction using a UAE Dirham-backed stablecoin. According to ChainCatcher, this marks the first major institutional application of the stablecoin since receiving regulatory approval.
The transaction utilized the DDSC stablecoin and was executed on the ADI Chain, an institutional-grade Layer-2 blockchain developed by the ADI Foundation. The official statement highlighted that this multi-million dollar transaction demonstrates the readiness of the digital currency ecosystem to handle institutional-level transaction volumes.
DDSC was created through a collaboration between IHC, First Abu Dhabi Bank, and Sirius International Holding, with technical support from the ADI Foundation. The UAE Central Bank's approval of DDSC earlier this year is part of a broader regulatory initiative, following the authorization of several Dirham-pegged tokens.
IHC's CEO stated that the transaction underscores the vibrancy and resilience of the UAE's digital infrastructure, which is prepared to support genuine institutional financial activities.

According to the announcement from Binance, the Binance Wallet has launched a new feature called Event Rush, allowing users to trade on the outcomes of real-world events. This innovative feature, powered by the 42.space protocol on the BNB Chain, transforms real-world outcomes into tradable tokens. Users can engage in a dynamic trading experience where timing and accuracy are crucial. Each event, such as a sports match, offers a set of possible results, each represented by an Event Token. Traders can purchase these tokens using USDT on the Binance Smart Chain (BSC).
Event Rush offers two main strategies for token holders. Traders can sell their Event Tokens before the event concludes, with token prices fluctuating based on demand. Alternatively, they can hold their tokens until settlement. If the chosen outcome is correct, traders receive a share of the entire prize pool, proportional to their holdings of the winning Event Tokens. The feature boasts an uncapped upside, with winners splitting the full prize pool. The larger the losing side, the greater the potential win. Token prices are determined by a Bonding Curve based on trading activity, ensuring continuous trading without liquidity gaps.
Event Rush covers a wide range of events, including sports results, crypto price targets, and news outcomes, with new events added regularly. To participate, users must open the Binance Wallet, navigate to the new Events tab, select an event, and purchase the desired Event Token using their USDT balance on BSC. A service fee applies to every transaction, and a dynamic exit fee, known as the Redeem Tax, is charged when selling close to the event's end date. Event Rush is available to all verified Binance Wallet users, though access may be restricted in certain regions due to legal and regulatory requirements.

Japan's central bank announced on Tuesday that the country's core consumer inflation rate, excluding one-time factors, increased to 2.8% in April. According to Jin10, this figure surpasses the 2% target and marks an acceleration from March's 2.5%. The new inflation measure excludes institutional factors such as education and energy subsidies, indicating a year-on-year increase significantly higher than the 1.4% rise in the baseline core consumer price index reported by the Japanese government last week.

Ark Invest founder Cathie Wood has shared her price predictions for Bitcoin over the next five years. According to Odaily, Wood's base case scenario targets a price of $750,000, while her optimistic scenario suggests Bitcoin could reach $1.25 million.Wood identified several key factors driving Bitcoin's potential rise, including its role as an alternative to gold, its function as an 'insurance asset,' and ongoing institutional adoption.

Bitcoin is experiencing a high-risk environment due to ongoing institutional selling, according to Swissblock, a crypto analysis platform. The Bitcoin risk index currently stands at 33, indicating a high-risk zone. Swissblock highlights that institutional selling often structurally overwhelms the market when the risk index signals selling pressure.
According to ChainCatcher, Glassnode reports that U.S. Bitcoin ETFs have recorded net outflows almost every trading day since May 7, adding pressure to the supply side without any offsetting demand. CoinEx's Chief Analyst Jeff Ko noted that spot ETFs have seen outflows exceeding $2 billion over the past two weeks, with institutional risk appetite remaining marginally sensitive.
On Tuesday morning, news of a new U.S. strike on Iran further intensified the risk, causing Bitcoin to drop 1%, falling below $76,500 from $77,000.

US consumer sentiment dropped to 44.8 in May, as reported by the University of Michigan. According to NS3.AI, this marks the third consecutive monthly decline, approaching the record low observed in June 2022. The survey also indicated an increase in both one-year and long-term inflation expectations.

Privacy tokens Zcash (ZEC) and Monero (XMR) led crypto declines, dropping 5.2% and 4% respectively, as geopolitical tensions in the Middle East impacted markets, according to CoinDesk. The pullback is seen as profit-taking after recent rallies driven by institutional interest and a renewed focus on privacy tokens. Meanwhile, Hyperliquid's HYPE token briefly surpassed Dogecoin's market cap before retreating. Broader crypto markets remained rangebound, with Bitcoin trading near $76,500 and Ethereum at $2,087, as US strikes on Iran lifted oil prices and the dollar.

Indonesia's Ministry of Communication and Digital has announced the blocking of the prediction market platform Polymarket, labeling it as an online gambling platform. According to Foresight News, the ministry stated that Polymarket's activities involve betting and speculation on uncertain events, which contravenes Indonesian law. The platform recently launched a betting market on when Indonesian President Prabowo Subianto would 'leave office,' drawing significant attention on Indonesian social media. Communication Ministry official Alexander Sabar noted that the government is scrutinizing all social media accounts associated with Polymarket.

Circle CEO Jeremy Allaire stated on March 20, 2026, that the GENIUS Act restricts stablecoin issuers from directly paying interest to users. According to NS3.AI, Allaire highlighted the ongoing debate regarding whether distributors are allowed to offer rewards.

Robinhood has received approval from Canadian investment regulators to acquire crypto services company WonderFi. According to Foresight News, WonderFi offers products related to crypto trading, staking, and custody. The acquisition was initially scheduled for completion in the latter half of last year, but the parties extended the closing date to June 1 this year to allow Robinhood more time to deploy its proprietary technology in Canada and secure regulatory approval.

Strategy has repurchased approximately $1.5 billion of its own convertible bonds below face value, opting not to invest in Bitcoin this week. According to NS3.AI, the company paid about $1.38 billion in cash for the repurchase, resulting in savings of around $120 million. Michael Saylor, the company's executive chairman, described this decision as a temporary measure.

Pendle has launched a new apxUSD pool on the BNB Chain, offering a fixed yield currently exceeding 13%. According to NS3.AI, this synthetic dollar is supported by preferred shares in Strive and Strategy, with a maturity date set for November 2026.

Binance Blog published a new article, announcing a strategic partnership with BlockShoals Technologies Inc. under the Philippine Securities and Exchange Commission’s (SEC) Strategic Sandbox, or StratBox, framework. This collaboration aims to foster a compliant and responsible digital-asset ecosystem in the Philippines by leveraging Binance's global expertise and BlockShoals' local regulatory approval. The initiative is designed to create a controlled environment for financial innovation, allowing new models to be tested responsibly within a structured regulatory framework.
BlockShoals, a Philippine-registered company, has been approved under the SEC’s Crypto Asset Intermediary framework within the sandbox structure, making it the designated local intermediary. Binance supports this effort by providing its global infrastructure, security systems, and compliance experience from various regulated markets. This partnership underscores Binance's commitment to user protection, regulatory engagement, and building a secure digital-asset ecosystem in the Philippines. The SEC’s leadership in creating pathways for responsible innovation is appreciated, as frameworks like StratBox enable regulators and industry participants to collaborate constructively while maintaining a focus on investor protection and market integrity.
The collaboration between Binance and BlockShoals combines the latter's approved local role with Binance's global infrastructure and operational experience. This synergy is intended to support the testing of a tailored Binance platform experience for users in the Philippines within the sandbox environment. Initially, BlockShoals will proceed under its approved testing plan before expanding to a broader rollout with product configurations tailored for the Philippine market. Nicholas Te, CEO of BlockShoals, emphasized the partnership's potential to demonstrate how global digital-asset platforms and local regulatory frameworks can work together constructively, focusing on building a secure and locally accountable platform for Filipino users.
The Philippines has consistently ranked among leading markets in global crypto adoption studies, reflecting strong grassroots engagement with digital assets and related technologies. This creates significant opportunities but also highlights the importance of building with care. Sustainable ecosystem growth depends on trust, compliance, security, and a constructive working relationship with regulators and local stakeholders. The sandbox phase is expected to begin in the second half of 2026 and continue for a minimum of two years, aligning with the SEC’s framework. This timeline reflects a measured, supervised approach focused on responsible testing, providing room to meet regulatory milestones and support a more durable foundation for users in the Philippines.
Through this partnership, Binance and BlockShoals aim to bring together local regulatory participation and global operational experience to support long-term ecosystem development. The focus remains on transparency and alignment with the country’s evolving regulatory framework, ensuring a secure and trusted user experience within the Philippine market.

On May 26, a shift in the direction of HYPE spot TWAP (Time-Weighted Average Price) orders on Hyperliquid was detected. According to BlockBeats On-chain Detection, the orders have transitioned from being predominantly buy orders to sell orders.
Some of these orders have already been partially executed. It is estimated that within the next 24 hours, the net selling pressure of HYPE's TWAP will reach $900,000. Last Thursday and Friday, similar data indicated a net buying pressure of approximately $7 million.
Among the existing orders, the largest single sell order is from address 0x519c, which plans to sell about 48,000 HYPE tokens. More than half of this order has already been executed, and the address still holds 77,200 HYPE tokens.
Address: 0x519c721de735f7c9e6146d167852e60d60496a47

Squid, a cross-chain routing protocol, has clarified its involvement in a recent attack reported by Blockaid. According to Foresight News, Squid stated that the SquidRouterModule implicated in the attack was not developed, deployed, or operated by them. Instead, it was a third-party Gnosis Safe module that chose to integrate with protocols like Squid, with no prior connection between the parties.
Squid explained that the third-party module contained a vulnerability, accepting a fixed string provided by the caller for message security verification. Attackers exploited this by using the publicly visible string in the contract's verified code to execute arbitrary call data and steal funds. Squid emphasized that its own routing contract (0xce16F) is architecturally different from the affected module and remains unaffected, ensuring the safety of user funds, authorizations, and integrations.

JPYC has announced the launch of Japan's inaugural service allowing credit card points to be converted into stablecoins. According to NS3.AI, this service will be available starting June 1 and will cater to Diners Club and TRUST CLUB cardholders.

According to the announcement from Binance, the platform is set to expand its trading options by introducing five new perpetual contracts on Binance Futures. These contracts are scheduled to launch on May 26, 2026, at various times throughout the day. The new contracts include NBISUSDT, WDCUSDT, ARMUSDT, BEUSDT, and COHRUSDT, each tracking the performance of specific underlying equities or indices.
The NBISUSDT Perpetual Contract will track the price of Nebius Group N.V. Class A Ordinary Shares listed on Nasdaq under the ticker NBIS. Similarly, the WDCUSDT contract will follow Western Digital Corporation Common Stock, also on Nasdaq. The ARMUSDT contract is linked to Arm Holdings plc American Depositary Shares, while the BEUSDT and COHRUSDT contracts will track Bloom Energy Corporation Class A Common Stock and Coherent Corp. Common Stock, respectively, both listed on the NYSE.
Each of these contracts will be settled in USDT, with a tick size of 0.01 and a minimum trade amount of 0.01 units of the underlying asset. The minimum notional value for trading is set at 5 USDT. The contracts will feature a capped funding rate of +2.00% / -2.00%, with funding fees settled every eight hours. The interest rate of the funding rate is set at 0%, and the maximum leverage available for these contracts is 20x. Trading will be available 24/7, and the Multi-Assets Mode will be supported.
These additions aim to enhance the trading experience by providing more diverse options for users on the Binance Futures platform. The launch of these contracts reflects Binance's ongoing efforts to expand its offerings and cater to the evolving needs of its users.

South Korea has amended its Foreign Exchange Transactions Act to mandate businesses to register before engaging in cross-border virtual asset transfers. According to NS3.AI, the bill was passed by the National Assembly on May 7 and received approval in a cabinet meeting on May 26. The law is set to be promulgated on June 2 and will come into effect six months thereafter.

Tether has announced a collaboration with the Georgian government to introduce the GEL₮ stablecoin. According to Foresight News, GEL₮ is designed to serve as a digital representation of the Georgian Lari. The initiative aims to reduce transaction costs, enable near-instant settlements, support programmable payments, and enhance the efficiency of value flow within the digital financial system.

According to the announcement from Binance, starting on 2026-06-01 at 08:00 (UTC), the platform will suspend deposits and withdrawals of tokens on the SEI network. This suspension is to facilitate the network's migration to the SEIEVM network. After this time, Binance will no longer support deposits and withdrawals for tokens on the SEI network.
The trading of tokens on the SEI network will remain unaffected during this transition. Binance has assured users that it will manage all technical requirements necessary for the migration. Once the migration is complete, deposits and withdrawals of the Sei (SEI) token will only be supported via the SEIEVM network. Binance has stated that no further announcements will be made regarding this migration process.

Ethereum co-founder Vitalik Buterin announced that the Ethereum Foundation (EF) will prioritize 'longevity over breadth,' reduce ETH sales, and concentrate on CROPS: censorship resistance, openness, privacy, and security. According to CoinDesk, Buterin's influence within the EF will diminish as the board expands, aligning with his vision of the EF as 'one node, with a defined purpose.' He emphasized that maximizing throughput could lead to mediocrity, advocating instead for Ethereum to excel in the CROPS dimension. The announcement follows the departure of several senior EF contributors in 2026.

AI economic engine B.AI has announced a collaboration with BNB Chain to launch an AI Token subsidy event, with an additional $8,000 prize pool. The event will run until June 8. According to ChainCatcher, the initiative includes several incentives: new users receive a reward of 500,000 Credits upon first login, and users who recharge $10 using BNB Chain can enjoy a 1:1 credit return, with a maximum of $100 equivalent Credits per person and a daily total limit of $10,000. Additionally, a $5 BNB official subsidy is available on a first-come, first-served basis. During the event, a 'Credit Consumption Competition' with a total prize of $3,000 will be held in two phases. The 'Milestone Leaderboard' will start when 500 participants recharge, offering rewards for users who consume 20 million, 60 million, and 200 million Credits, with prize pools of $1,000, $500, and $500 respectively. The 'Ultimate Leaderboard' will begin when 30 high-level participants are reached, with the top ten consumers sharing a $1,000 prize pool. All rewards from the consumption competition will be distributed as equivalent Credits, valid for 30 days.

Facet co-founder has proposed the inclusion of EIP-8182 in the upcoming Ethereum Hegota upgrade. According to PANews, this proposal aims to introduce native privacy transfer features for ETH and ERC-20 tokens. The upgrade would utilize a UTXO architecture combined with zero-knowledge proofs to enhance anonymity through a unified privacy pool.

As of May 19, global public companies collectively hold approximately 1.242 million BTC, valued at around $95.6 billion, marking a 67% increase from the previous year's 742,900 BTC. According to ChainCatcher, the number of public companies holding BTC has risen to 196. Additionally, these companies hold about 6.03 million ETH, with BitMine accounting for approximately 4.32 million ETH. In contrast, the South Korean corporate crypto investment market remains largely closed, with related pilot measures progressing slowly.

South Africa's National Treasury and the South African Reserve Bank (SARB) have announced a shift in focus towards regulating cross-border digital asset activities rather than restricting crypto holdings. According to ChainCatcher, the deadline for public comments on the draft Capital Flow Management Regulations has been extended to June 30, 2026. The authorities clarified that the proposed rules are not intended to criminalize crypto asset holdings and will not be applied retroactively. A draft handbook outlining the framework for cross-border crypto assets, including definitions of cross-border crypto transactions and the obligations of authorized crypto asset service providers, will be released in the future.

A fraudulent website impersonating Uniswap has been stealing funds from multiple wallets, with assets held by the scammers exceeding $400,000, according to a post by on-chain analyst 'b-block' on social media. According to ChainCatcher, Stacy Muur, founder of Web3 marketing agency Green Dots, criticized Google for allowing fake sponsored search results to appear above legitimate links, leading to continuous theft from users.
Etherscan data reveals that two flagged addresses hold approximately 146 ETH, valued at around $306,000. DeFiLlama highlighted that fake ads on Google are a common source of phishing attacks. In April, the Security Alliance (SEAL), a crypto nonprofit, reported a significant increase in phishing activities on Google searches in March. Attackers used paid or hijacked legitimate ad accounts to deploy deceptive ads, bypassing Google's automated checks with seemingly authentic URLs and loading malicious payloads through hidden iframes.
SEAL has blocked over 356 malicious ad links and noted that the volume of Google ads deployed by attackers has remained stable for over a year, with no slowdown in attack activities. Reports indicate that between March 13 and 30 alone, total stolen funds reached $1.27 million. Additionally, earlier this month, malicious ad campaigns targeting Mac users were reported, utilizing Google ads and shared chats with AI chatbot Claude. Malwarebytes also identified Facebook as a major platform for fake ads and scams.

Cryptocurrency has become part of the investment portfolios for 16% of Brazilian investors, according to Foresight News. A report by Livecoins indicates that 56% of respondents who have never invested in crypto assets are interested in entering the market in the future. Additionally, 61% of Brazilians view Bitcoin's price drops as buying opportunities, with this sentiment rising to 79% among those already holding crypto assets.
However, the report highlights challenges in the crypto market, as 62% of respondents find cryptocurrency terminology difficult to understand, and 76% believe the market is overly complex. Furthermore, 55% of respondents consider whether a platform is regulated as the most important factor when choosing a crypto investment platform.

xAI has announced the release of the beta version of Grok Build, available to SuperGrok and X Premium+ subscribers. According to Foresight News, users can utilize Plan Mode to create images and videos with Imagine, and employ CLI for building automation or orchestrators.

XRP has lost a crucial support zone following another unsuccessful breakout attempt, raising concerns among traders about the potential resolution of a months-long compression pattern. According to CoinDesk, market participants are closely monitoring whether this pattern will lead to a further decline in XRP's value.

XRP is experiencing renewed downward pressure after failing to surpass the $1.36 resistance level. According to NS3.AI, CoinDesk analysis indicates that XRP is being pushed toward the $1.30 support level, highlighting the challenges faced by the cryptocurrency in maintaining upward momentum.

Europol, in collaboration with Latvian anti-terror units, has dismantled a SIM card fraud operation in Latvia. According to Foresight News, the raid resulted in the seizure of 1,200 SIM box devices and 40,000 active SIM cards, capable of connecting to 80 countries simultaneously. The group operated websites Gogetsms and Apisim, providing on-demand rental of overseas phone numbers for activities such as phishing, bank fraud, investment scams, extortion, and human trafficking.
The network has been linked to at least 3,200 fraud cases in Austria and Latvia, with losses amounting to $5.8 million. Authorities also confiscated four luxury cars, froze $470,000 in bank accounts, and seized $290,000 in cryptocurrency. Despite being run by only seven individuals, the operation facilitated the creation of 49 million fake accounts.

Zcash (ZEC) and Monero (XMR) fell 5% in a session marked by declines across major tokens, following weeks of gains. The downturn coincides with renewed tensions in the Middle East and a rebound in oil prices, according to CoinDesk. This market movement reflects broader geopolitical concerns impacting crypto assets, as investors react to shifting global dynamics.

The USD/JPY exchange rate has reached 159, marking a 0.07% increase within the day. According to ChainCatcher, this movement reflects ongoing fluctuations in the currency market.

Jupiter Litterbox Trust has increased its holdings by 197,411 JUP tokens, valued at approximately $39,000. According to Foresight News, the trust has purchased a total of 10,361,255 JUP tokens this month, worth around $2.07 million. To date, the trust's total acquisition amounts to 126,523,393 JUP tokens, valued at approximately $25.32 million.

HYPE token briefly overtook Dogecoin's market cap during Asian trading hours before retreating, according to CoinDesk. The token fell 4% to $59, yet remains up 23.6% over the past week following the SpaceX pre-IPO perpetual launch on Hyperliquid. Meanwhile, privacy tokens Zcash (ZEC) and Monero (XMR) saw declines of 5.2% and 4% respectively, amid heightened geopolitical tensions in the Middle East. ZEC's drop to $619 is viewed as profit-taking after recent gains driven by institutional interest. Broader crypto markets remained rangebound as oil prices and the dollar rose.

European Central Bank (ECB) Executive Board Member Isabel Schnabel stated that a rate hike in June is inevitable due to the rising inflation. According to Jin10, Schnabel emphasized that the ECB can no longer ignore the surge in inflation. She highlighted the necessity of taking decisive action to address the economic challenges posed by the current inflationary pressures. Schnabel's comments underscore the ECB's commitment to maintaining price stability and its readiness to adjust monetary policy as needed to achieve this goal.

European Central Bank Executive Board Member Isabel Schnabel has indicated that recent data suggests an upward risk to inflation and a downward risk to economic growth. According to Jin10, Schnabel's comments reflect concerns about the current economic environment, where inflationary pressures may persist while economic expansion faces challenges. These insights come amid ongoing discussions about monetary policy adjustments in response to evolving economic conditions.

Singapore's seasonally adjusted industrial production index for April increased by 5.8%, significantly exceeding the anticipated 1.5%. According to Jin10, the previous month's figure was revised from 4.70% to 3.5%.

Aave has announced the completion of the final transfer of rsETH to the LayerZero lockbox as part of its recovery plan. According to NS3.AI, Aave confirmed that both rsETH and all Aave markets are functioning normally.