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KelpDAO Abandons LayerZero for Chainlink After $292M rsETH Hack
KelpDAO is abandoning LayerZero for Chainlink's cross-chain infrastructure after a $292 million exploit of its rsETH token. The hack exploited a 1-of-1 validator configuration that KelpDAO says LayerZero approved, triggering a $71 million legal dispute.
MarketsHadi Ghadban
MicroStrategy Posts $12.5B Q1 Loss as Bitcoin Holdings Hit 818,334 BTC
MicroStrategy reported a $12.5 billion net loss in Q1 2026 driven by declining Bitcoin prices, yet raised $11.68 billion in capital and increased its Bitcoin holdings to 818,334 BTC, continuing CEO Michael Saylor's aggressive accumulation strategy.
MarketsIbrahim Rajab
Kelp DAO Blames LayerZero for Approving $300M Bridge Exploit Setup
Kelp DAO is pushing back against LayerZero's assertion that a vulnerable 1-of-1 verifier configuration caused the $292 million bridge hack on April 18, arguing that LayerZero itself approved and documented the setup as a default option.
MarketsHadi Ghadban
Kraken Expands Global Reach with MoneyGram Partnership, Enabling Crypto-to-Cash at 500,000 Locations
Kraken has partnered with MoneyGram to enable cryptocurrency-to-cash withdrawals at approximately 500,000 physical locations across more than 100 countries. Users can now sell cryptocurrency on Kraken and withdraw local currency directly from MoneyGram outlets.
MarketsBlockchain Academics Newsroom
MoonPay Acquires Solana Execution Layer Firm DFlow for $100M
MoonPay has acquired DFlow, a critical Solana execution layer provider, for $100 million. The deal strengthens MoonPay's position as a fiat on-ramp while raising questions about consolidation risks in Solana's infrastructure layer.
MarketsBlockchain Academics Newsroom
Drift Protocol Unveils $295M Recovery Plan After DPRK-Linked Exploit
Drift Protocol, a Solana-based perpetuals exchange, announced a structured recovery framework to compensate users affected by a $295 million exploit attributed to North Korean state-sponsored actors. The plan includes burn-on-redeem recovery tokens funded by exchange revenue, $127.5M from...
MarketsBlockchain Academics Newsroom
Iggy Azalea Sued Over MOTHER Token as Solana Meme Coin Collapses 99.5%
Rapper Iggy Azalea faces a class action lawsuit filed by law firm Burwick Law over her MOTHER token, a Solana-based meme coin that has plummeted 99.5% from its peak value. Investors allege Azalea misled buyers about the token's real-world utility.
MarketsHadi Ghadban
Sequans Dumps Half Its Bitcoin Treasury as Revenue Plummets 24.8%
Sequans Communications liquidated 1,025 bitcoin in Q1 2026, reducing its treasury from 2,139 BTC to 1,114 BTC as revenue fell 24.8% year-over-year. The company used proceeds for debt redemption and buybacks, signaling urgent liquidity needs rather than opportunistic profit-taking.
MarketsIbrahim Rajab
Securitize, Jump, and Jupiter Launch Institutional-Grade Onchain Stock Market
Securitize has partnered with Jump Crypto and Jupiter to launch the first fully regulated, institutional-grade secondary market for tokenized real stocks on the Solana blockchain. The platform went live today, marking a significant step toward bringing traditional equities onto decentralized...
MarketsHadi Ghadban
Coinbase Cuts 700 Jobs in AI-Powered Restructuring
Coinbase is eliminating approximately 700 positions, roughly 14% of its global workforce, in a restructuring the company attributes to a slowing crypto market and a strategic pivot toward artificial intelligence-powered operations.
MarketsHadi Ghadban
Andreessen Horowitz Closes $2.2B Crypto Fund, Signals Institutional Confidence
Andreessen Horowitz has closed its fifth dedicated cryptocurrency fund at $2.2 billion, marking a significant show of institutional confidence in digital assets. The fundraise underscores a16z's sustained belief in blockchain infrastructure and onchain finance.
MarketsIbrahim Rajab
Coinbase Cuts 14% of Workforce, Pivots to AI-Native Operations
Coinbase is laying off approximately 14% of its workforce as CEO Brian Armstrong restructures the cryptocurrency exchange around artificial intelligence-powered organizational units. The announcement marks the second major workforce reduction in under three years.
MarketsHadi Ghadban
Coinbase Cuts 14% of Workforce as Armstrong Pivots to AI
Coinbase announced a 14% workforce reduction on May 5, 2026, marking the second major layoff at the cryptocurrency exchange in less than four years. CEO Brian Armstrong revealed the cuts via Twitter, framing the reduction as part of a strategic shift toward an AI-driven operating model.
MarketsIbrahim Rajab
Bullish Acquires Equiniti in $4.2B Deal for Tokenized Securities
Crypto exchange Bullish has agreed to acquire Equiniti, one of the world's largest transfer agents, in a $4.2 billion transaction. The deal positions Bullish to integrate blockchain technology into shareholder records, distributions, and securities transfers for major corporations.
MarketsIbrahim Rajab
Bitcoin Holds $80K as TON Surges 30%, Crypto Market Gains 1.39% to $2.68T
Bitcoin is holding firm above $80,000, touching $81,000 intraday as the broader crypto market added 1.39% over the past 24 hours, pushing total capitalization to $2.68 trillion. Toncoin and Morpho each surged roughly 30%.
MarketsIbrahim Rajab
Toncoin Surges 27-34% as Telegram Takes Control of TON Validator Role
Toncoin (TON) jumped between 27% and 34% on May 5, 2026, after Telegram CEO Pavel Durov announced that Telegram will assume the role of main validator and primary driving force for the TON blockchain, replacing the TON Foundation.
MarketsBlockchain Academics Newsroom
BitMine Closes In on 5% ETH Supply Goal as On-Chain Data Flashes Mixed Signals
BitMine Immersion Technologies now holds 5.18 million ETH after a $240M purchase, closing in on 5% of Ethereum's circulating supply. On-chain data tells a more complicated story.
MarketsHadi Ghadban
Dogecoin Whales Scoop $18M in DOGE as Meme Coin Market Cap Hits 3-Month High
Dogecoin whales scooped up 160 million DOGE worth $18M in 96 hours, pushing the price past $0.109 and lifting the meme coin market cap to a 3-month high not seen since January 26, 2026.
MarketsHadi Ghadban
Circle Stock Surges 18-20% on CLARITY Act Stablecoin Yield Deal
Circle Internet's stock rallied between 18% and 20% on May 4 after lawmakers reached a bipartisan compromise on the CLARITY Act's stablecoin yield provisions, resolving a months-long dispute between banking and crypto industries.
MarketsBlockchain Academics Newsroom
Strive Surpasses 15,000 BTC Holdings With $33.9M Purchase, Ranks Ninth Among Public Companies
Strive (ASST) has surpassed 15,000 Bitcoin holdings after purchasing 444 BTC for $33.9 million at $76,307 per coin on May 4, 2026. The acquisition, disclosed via SEC Form 8-K, secures Strive's position as the ninth-largest Bitcoin holder among publicly traded companies.
MarketsBlockchain Academics Newsroom
Ripple Partners with Crypto ISAC to Combat North Korean Cyberattacks
Ripple announced a partnership with the Crypto Information Sharing and Analysis Center (Crypto ISAC) on May 4 to combat North Korean state-sponsored cyberattacks, committing to share exclusive threat intelligence with member organizations across the cryptocurrency industry.
MarketsBlockchain Academics Newsroom
DTCC to Launch Tokenized Securities Pilot in July, Full Service by October
The Depository Trust & Clearing Corporation announced a production timeline for blockchain-based securities trading, with a pilot phase beginning in July 2026 and full commercial launch in October. The initiative has received SEC approval and support from over 50 industry partners.
MarketsHadi Ghadban
Rain Joins Mastercard as Principal Member, Expanding Stablecoin Card Infrastructure
Rain, valued at $1.95 billion, has joined Mastercard as a Principal Member, expanding its stablecoin card services for institutional payment programs globally. The partnership positions Rain as a bridge between crypto infrastructure and traditional finance.
MarketsHadi Ghadban
DeLorean Drives Into Solana With Major IP Partnership
DeLorean Motor Company announced today that it's bringing its iconic intellectual property to the Solana blockchain, marking a significant integration of established brand IP into the crypto ecosystem. The announcement, made via press release from Miami, positions the legendary automaker as the...
MarketsHadi Ghadban