Category: Other Crypto News

Will it Push Ether’s Price Lower?

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An early Ether (ETH) investor sold their ETH holdings over the past week as the price headed toward $2,000, sparking fears of further losses. However, onchain data tells a different story as traders speculate where ETH/USD might bottom. Key takeaways: An early Ethereum whale sold $136 million in ETH, adding pressure as Ether trades below the $2,000 level. Onchain data shows no evidence that older ETH investors are selling en masse. Analysts warn the ETH price could fall further toward the $1,500 support. Ethereum OG whale sells $136 million ETH…

Hyperliquid’s HYPE Breakout Puts $100 Price Target in Play

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Hyperliquid’s native token, HYPE, has rallied more than 30% in five days to a record high near $74, with a bullish chart breakout now pointing to a potential move above $100. HYPE/USD daily chart. Source: TradingView Key takeaways: HYPE has broken out of a bull pennant pattern, putting its measured upside target near $105. Hyperliquid has become the second-largest blockchain by app revenue on a 30-day rolling basis. HYPE bull pennant hints at rally toward $105 Hyperliquid’s rally may have further room to run after HYPE broke out of a…

The Over 500 Institutions With XRP IDs

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A directory in Ripple’s Payments documentation has drawn attention from XRP supporters after a user highlighted that it contains more than 500 financial institution identifiers across multiple regions. While these IDs are mainly used for routing payments and operational processes, the size of the directory has renewed interest in Ripple’s global payments network and the potential role XRP could play within it. Ripple’s Expanding Banking Network At the center of the discussion is Ripple’s Payments documentation, which contains extensive bank-ID directories used within its payment ecosystem. The directory includes financial…

Kelp DAO Recovery Hopes Fade as Hacker Launders About $220 Million

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The hacker behind the $293 million Kelp DAO exploit has laundered nearly all of the unfrozen stolen funds, or about $220 million, in just six weeks, according to Arkham data and onchain analysts. The Kelp DAO hacker-tagged wallet appears to have laundered nearly all the stolen funds, with just $1.7 million remaining traceable in the wallet, according to blockchain data provider Arkham. The malicious actor drained 116,500 Kelp DAO restaked ETH (rsETH) on April 18, pushing the total amount stolen from crypto hacks to $630 million for April. The funds…

Strategy Trims Bitcoin Holdings With $2.5 Million Sale

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[Update 1:57 P.M. UTC, June 1 — Updates third paragraph with share price decline in Monday morning trading.] Strategy sold 32 BTC last week, its first reported Bitcoin sale since a 2022 tax-loss transaction, as the company moved to fund preferred stock distributions. Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing with the US Securities and Exchange Commission. The company’s MSTR Nasdaq-traded shares fell more than 6%…

Founder Vows to Make Users Whole

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Gnosis is working to contain an exploit Monday affecting its Gnosis Pay product after co-founder Martin Köppelmann acknowledged an active hack involving the system’s delay module and said the project would cover user losses. Köppelmann initially urged users to withdraw funds, a warning quickly amplified by blockchain security firm PeckShield, which said users were strongly advised to withdraw all funds (EURe and GNO) and check exposure. The Gnosis co-founder later withdrew that advice, however, and deleted the initial tweet, saying that most users would not be able to withdraw their…

XRP Ledger Targets Flash Loan Attacks With New DeFi Security Proposal

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MEXC unveils ‘RealStocks’ with 0-fee U.S. equity trading and real dividends

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Mutsamudu, Comoros, June 1, 2026 – MEXC, a leading 0-fee cross-asset trading platform, today announced the official launch of ‘RealStocks.’ This innovative equity product is now accessible to eligible users globally. The product seamlessly integrates real ownership rights of traditional financial assets with the low-friction experience of a crypto platform, further expanding MEXC’s 0-fee cross-asset trading ecosystem. For a long time, investors looking to enter the U.S. stock market were limited to two less-than-ideal options. The first was trading through traditional brokerages, which requires enduring tedious currency exchange and deposit…

Crypto Funds Extend Sell-Off With $1.67B Weekly Outflows

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Crypto investment products extended losses to three straight weeks last week amid ongoing selling pressure in markets and limited institutional demand. Crypto exchange-traded products (ETPs) recorded $1.67 billion in outflows last week, the second-largest weekly withdrawal of 2026, CoinShares reported on Monday. The fresh outflows bring three-week losses to $4.21 billion, with total assets under management dropping to $141 billion, the lowest level since early April. CoinShares head of research James Butterfill attributed surging outflows to an Iran-related risk-off move that has now overwhelmed any cushioning effect from CLARITY Act…

Binance Launches Tokenized US Equities with 24/5 Trading

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Binance has launched US equities trading for eligible users and plans to add tokenized stocks as part of a broader push to expand beyond crypto. Users will be able to trade more than 7,000 stocks and exchange-traded funds (ETFs) with zero commission, buy fractional shares from $5 and access select equities on a 24/5 basis, according to an announcement shared with Cointelegraph. The exchange said it is also planning to introduce tokenized stocks as part of its vision for a “multi-asset financial super app.” The move puts Binance more directly…