Month: May 2026

Polymarket Smart Contract Breached: Will POL USD Crash?

Polygon’s reputation as a reliable DeFi settlement layer is under renewed scrutiny after on-chain investigator ZachXBT flagged an apparent exploit of the Polymarket UMA CTF Adapter contract, the mechanism that resolves prediction market outcomes. This latest hack on the most prominent prediction market platform has led to POL dropping nearly -1% in the past hour, with the token trading at around $0.091. However, depending on how deep the losses go, POL could still drop further. The compounding incidents raise a harder structural question about Polygon’s positioning as the default settlement…

Crypto PAC Blockchain Leadership Fund Endorses 10 Candidates For 2026 Elections

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ken Paxton is getting half a million dollars from a crypto-backed political committee. The Fellowship PAC, an $11 million fund supported by Cantor Fitzgerald and Anchorage Digital, disclosed to the Federal Election Commission that it plans to spend $500,000 backing the Texas attorney general in his bid for a US Senate seat. A Bipartisan Push The spending on Paxton is separate from another crypto-aligned group making noise this week. The Blockchain Leadership Fund, backed by Chainlink Labs…

Polymarket seeks Japan entry despite gambling law hurdles: Report

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Polymarket is reportedly seeking entry into Japan amid falling trading volumes and rising regulatory scrutiny, targeting approval by 2030. Polymarket, a global prediction market platform, is reportedly seeking entry into Japan amid growing regulatory scrutiny of the sector worldwide. The company has appointed Mike Eidlin, head of Japan at crypto firm Jupiter, to lead its local efforts and is preparing to lobby for authorization of prediction markets in the country, Bloomberg reported Friday, citing people familiar with the matter. Polymarket is targeting government approval in Japan by 2030, viewing the…

📉 THIS is Why The Crypto Market Just CRASHED! (My Full Analysis & Oil Price Connection)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #ilmeaalim #cryptoupdates #cryptonews The crypto market has just experienced a significant crash, while at the same time, the price of Oil is pumping. This is a classic “risk-off” signal across the markets. But what is the real reason behind this sudden and sharp downturn in crypto? In this urgent market update, I’m breaking down: * The key factors and potential catalysts that triggered this market-wide crypto dump. * My in-depth analysis of the price action and what the charts are telling us…

XRP Sees 4th-Largest Wallet Growth Spike Of 2026: Santiment

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XRP registered one of its strongest network-growth bursts of the year, with Santiment reporting 4,300 new wallets created in 24 hours, the fourth-largest spike of 2026. The analytics firm said the move matters because “network growth is among the top leading signals to identify reversals,” placing the wallet surge alongside a set of on-chain metrics that suggest XRP is trading in a lower-risk zone than usual. XRP daily created wallets | Source: X @SantimentData Santiment Points To Undervalued Setup For XRP The data point was also shared by Santiment’s Brian…

Trump Media Sends 2,650 Bitcoin Worth $205M to Crypto.com, Raising Treasury Questions

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Key Takeaways A Trump Media-linked wallet sent 2,650 BTC worth $204.93M to Crypto.com on May 22. Trump Media posted a $405.9M Q1 loss on crypto markdowns and still holds 6,889 BTC worth ~$532M. No official statement has been issued, leaving the transfer’s purpose, i.e., sale or custody, unconfirmed. Trump’s Treasury Strategy Draws Scrutiny Onchain data shows a Trump Media-linked address depositing 2,650 BTC, valued at roughly $204.93 million, to Crypto.com on May 22. Following the transfer, the address still holds an estimated 6,889 BTC, worth approximately $532.78 million at current…

Polymarket-Linked UMA Adapter Exploited For at Least $520K

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Polymarket confirmed a security exploit affected part of its infrastructure, pointing to a possible private key compromise involving a wallet used for top-up operations, while saying user funds and market resolution were safe. In a Friday X post, Polymarket developers said contracts and core infrastructure were unaffected. Polymarket product lead Akanshu Jain and multiple other Polymarket employees also said user funds and market resolution are safe. Blockchain investigator ZachXBT first flagged the exploit as a compromise to the Polymarket-linked UMA Conditional Tokens Framework (CTF) Adapter contract on Polygon, with the…

Will the Jingle Miner ever hit a block? #bitcoin #mining #btc

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What if a graphics card-sized device could solo mine Bitcoin and hit a 3.125 BTC block? The JingleMining HashCard pushes 12.5 TH/s at just 200W — but what are the actual odds of winning a block reward? In this video, I break down the JingleMining HashCard from every angle: the full specs, what’s inside the card, the real cost, and the hard numbers on your chances of hitting a block. Is this the ultimate home Bitcoin solo miner or just another lottery…

Verus Bridge Hacker Returns $8.5M ETH, Keeps $2.8M as Bounty

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The attacker behind the Verus bridge exploit has returned 4,052 Ether, worth about $8.5 million, to the project’s team wallet after Verus offered a 1,350 ETH bounty for the recovery of most of the stolen funds. The return represents about 75% of the stolen funds, with the exploiter retaining 1,350 Ether (ETH), worth about $2.8 million as a bounty, according to blockchain security firm PeckShield on Friday. Verus had offered the bounty a day earlier, saying it would treat the retained ETH as a reward if the exploiter returned 4,052.4…

US Lawmakers Introduce ARMA Bill to Codify Strategic Bitcoin Reserve With 20-Year Hold and 1M BTC Goal

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Key Takeaways The ARMA bill, backed by 14+ congressmen, aims for a 1M BTC federal reserve with a 20-year mandatory hold. Begich and Golden’s legislation authorizes the Treasury to buy up to 200,000 BTC annually for five years. The bill bans federal impairment of personal bitcoin ownership through an embedded self-custody clause. Bipartisan ARMA Bill Targets 1 Million Bitcoin Reserve Congressman Nick Begich (AK-AL) and co-lead Congressman Jared Golden (ME-02) formally introduced the American Reserve Modernization Act of 2026, known as ARMA, on May 21, backed by an immediate coalition…