VerifiedX Launches Bitcoin Asset vBTC.b on Base and Fireblocks
VerifiedX launched vBTC.b on Base and listed it on Fireblocks as a fully collateralized Bitcoin asset with 1:1 BTC backing. VerifiedX said vBTC.b supports automated minting and burning, plus direct redemption from Base to native Bitcoin through its VFX Lockbox and Proof Publisher systems without third-party attestation. VerifiedX said the asset is compatible with EVM use cases including lending, liquidity pools, payments, institutional vaults and on-chain settlement.
Bitget Starts Second Year Backing UNICEF Coalition With Financial Literacy and AI Expansion
Bitget started its second year supporting UNICEF’s Game Changers Coalition, which has reached more than 642,000 young people, parents, and teachers across eight countries. The next phase adds financial literacy and AI modules, expands into three more countries, and plans blockchain content for 2026.
Kraken received preliminary approval from Dubai's Virtual Assets Regulatory Authority to open regulated UAE operations for institutional clients. The authorization covers spot, margin, OTC trading, staking, and Kraken Prime access. AED funding is set to follow later this year.
Solmate, a Solana Treasury Company, Announces $11.4M Share Offering
Solmate Infrastructure announced an equity offering expected to raise about $11.4 million. Solmate Infrastructure is a Nasdaq-listed Solana treasury company, and the deal will issue 2,298,000 Class B shares at $4.97 each. The transaction is expected to close on or around May 27, 2026, subject to customary closing conditions.
Avalanche Foundation launched a crypto economics research grant program with awards of up to $50,000. The foundation also formed an independent review committee to assess proposals on crypto asset pricing, valuation, validator economics, and network security design.
SoftBank's ARM Stake Tops $220B in Profit as ARM Valuation Passes $300B
Driven by strong global AI computing demand, ARM rose 10% intraday to a record $282.80, lifting its market value to $300.9 billion for the first time. SoftBank, which holds about 87% of ARM, has generated more than $220 billion in profit on an investment with a book cost of about $40 billion.
Iran's ambassador to France said Iran and Oman are discussing permanent tolls for passage through the Strait of Hormuz. The ambassador said reopening the strait would require countries to pay fees.
U.S. stock market concentration hits 35-year high as rally narrows
UBS said U.S. stock market concentration reached a 35-year high as the market-cap-weighted S&P 500 sharply outpaced the equal-weight index in the six weeks leading up to May 15. UBS warned the market could enter a temporary consolidation period as earnings season winds down and attention returns to the Middle East.
MoonPay Launches Trade Platform for Banks to Access Tokenized Assets and DeFi
MoonPay launched MoonPay Trade, a platform for banks, fintechs and enterprises to access tokenized assets, DeFi protocols and stablecoin liquidity across more than 200 blockchains. The service is powered by Decent.xyz, a cross-chain routing startup that MoonPay acquired for a high eight-figure sum. MoonPay said the platform will act as the execution arm for MoonPay Institutional.
Missouri Sues CoinFlip, Seeks $1.83M in Penalties and Bitcoin ATM Ban
Missouri Attorney General Catherine Hanaway sued Bitcoin ATM operator CoinFlip and is seeking $1.83 million in civil penalties plus a ban on its operations in the state. The lawsuit accuses CoinFlip of knowingly facilitating fraudulent transactions and charging opaque fees in scams that often target elderly consumers. CoinFlip called the case meritless and said it has strong consumer safeguards.
Tom Lee said April FOMC minutes help explain why Ethereum and crude oil move inversely, citing the Fed's 2% inflation threshold. Lee said higher oil prices can fuel inflation, raise the likelihood of a rate hike, and reduce monetary liquidity for crypto assets.