Coinbase disclosed a loss of $1.49 per share in its most recent financial statement. The firm will cut about 14 % of its staff as part of a cost‑saving initiative. Large banks are moving into cryptocurrency, but Coinbase says it is not concerned. In 2010, 10,000 BTC were spent on a pizza, and those coins now approximate a value of $770 million. The article originally appeared on COINTURK NEWS.
HTX launched a “$1 Margin Trade” on May 20 to lower entry barriers for new margin traders. With just 1 USDT users receive a 9 USDT interest‑free loan, creating a 10 USDT (10×) isolated position. The platform guarantees full compensation for any loss on the first trade, removing capital and risk concerns. Users access the option via the Margin Trading page and confirm a pre‑set market order in three clicks. The loan carries zero interest, and a 10 USDT Margin Interest Voucher is added instantly. Closing the position auto‑repays the loan, and any loss is absorbed by HTX, leaving the trader with zero realized loss. From May 20 to May 31 HTX runs three concurrent campaigns with a total prize pool over 40,000 USDT. Opening the first $1 margin position shares a tiered pool up to 30,000 USDT; trading volume above 100 USDT allocates a share of 10,000 USDT; completing the full margin cycle can earn up to 100 USDT in vouchers. The feature shifts onboarding from demos to live markets, helping beginners experience real‑time trading mechanics. HTX positions itself as a user‑first gateway to Web3 finance, continuously lowering barriers while expanding its ecosystem for newcomers and seasoned traders alike.
TrapDoor is a malware campaign that injects malicious code into popular npm and PyPI packages. It targets developers in cryptocurrency, DeFi, and AI who download these seemingly legitimate dependencies. Once installed, the payload acts as an info‑stealer, exfiltrating MetaMask, Phantom, SSH keys, and GitHub tokens. The stolen credentials enable attackers to seize digital assets and compromise source repositories. Open‑source libraries are a core building block for crypto and AI applications, creating trust that attackers exploit. Compromised wallet extensions can lead to direct loss of cryptocurrency holdings. Hijacked SSH and GitHub tokens allow further code injection and theft of intellectual property. The incident highlights a broader supply‑chain risk where a single infected dependency can trigger financial and reputational damage. Developers should verify package integrity, lock exact versions, and run automated security scans on all new dependencies. Employ hardware wallets for crypto keys and enable multi‑factor authentication on GitHub accounts. Regularly audit dependency trees and limit unnecessary third‑party packages. Maintaining these practices reduces exposure to TrapDoor and similar supply‑chain threats.
LBank introduced Fiat Deposit and Buy Crypto by Fiat Balance, linking traditional banking with crypto trading. The deposit tool accepts SEPA, SEPA Instant, and Wire transfers for low‑cost, large or recurring funding. Users can instantly convert fiat balances into crypto without leaving the platform. This creates a seamless one‑stop experience from deposit to trade. From May 22 to June 10 2026, LBank runs a zero‑fee deposit promotion with rewards up to 35 USDT. Depositing over 50 USDT earns a 5 USDT cashback and fee‑free entry. Spending more than 100 USDT via the One‑click Buy fiat balance yields an extra 30 USDT futures bonus. Participation requires updating the app to Android 7.9.8 or iOS 6.0.1+. LBank Pay already supports nine fiat currencies, and the upcoming LBank Card will broaden payment use cases. The exchange aims to expand its global fiat on‑ramp infrastructure for easier crypto access. By tightening the fiat‑crypto connection, LBank seeks broader real‑world digital‑asset applications. Continued development targets mainstream adoption of crypto payments. Founded in 2015, LBank serves over 20 million users across 160 regions with daily volume above $10.5 billion. The platform lists more than 300 coins, offers fast altcoin listings, and provides trading guarantees. It reports ten years of safety with no security incidents. LBank positions itself as a leading global crypto exchange for investors worldwide.
Ethereum’s monthly transactions have surpassed 70 million, an all‑time high reported by OKX Ventures using Token Terminal data. The spike reflects a major shift in network usage and underlying economics. It signals growing real‑world adoption beyond speculative activity. Despite the volume surge, the median transaction fee fell to a historic low of $0.00554. OKX Ventures sees this as proof that the network is becoming more cost‑effective. Rising usage paired with lower fees suggests scalability gains are taking effect. The improvement is attributed to wider adoption of Layer‑2 solutions and a modular blockchain design. These technologies offload traffic from the base layer, enabling more transactions without congestion. The upgrade fuels on‑chain applications such as stablecoins, games, and real‑world asset tokenization. The focus among public blockchains is moving from raw TPS counts to user experience and utility. Ethereum’s sustained on‑chain activity signals a maturing ecosystem useful for developers and users. Continued Layer‑2 growth could keep usage high while fees remain low.
Dogecoin has begun a recovery above the $0.10 mark, climbing past $0.1020. The price now trades below $0.1035 and the 100‑hour simple moving average. A bearish trend line creates resistance around $0.1030 on the hourly chart. Maintaining a position above $0.10 is crucial for further upside. Immediate upside resistance sits near $0.1030, followed by a barrier at $0.1042 (the 76.4% Fibonacci level). The next key level is $0.1050; a clear break could push DOGE toward $0.1085 and then $0.1120. Higher gains might target $0.1150 as the next major hurdle. If DOGE fails to break $0.1050, it may retreat toward $0.1005 and the $0.10 benchmark. Stronger support lies at $0.0980, with a break there possibly sending the price to $0.0965‑$0.0950. Monitoring these levels will indicate whether a downtrend resumes. The hourly MACD shows growing bullish momentum, while the RSI has moved above the 50 threshold. Major support is identified at $0.1005 and $0.1000, with resistance at $0.1050 and $0.1120. These indicators suggest a cautiously optimistic short‑term outlook.
Spot Bitcoin ETFs lost $1.257 billion between May 18‑22, while Ethereum‑based funds shed about $216 million. The pullback suggests investors are taking profits or shifting risk to other sectors. Despite the sell‑off, spot SOL ETFs drew roughly $15 million and XRP ETFs attracted $22 million in net inflows. The Hyperliquid HYPE token jumped nearly 40% as its fund recorded $72.38 million of net inflows. This inflow directly fed the token’s price surge. The pattern shows capital moving toward select altcoins even as Bitcoin and Ethereum face pressure. The DRAM memory‑chip ETF became the fastest‑growing fund, amassing over $6.5 billion in assets within 27 trading days. It has risen more than 84% since its April 2 launch and surpassed $10 billion in 30 sessions. DRAM now ranks among the top 10 US ETFs by YTD inflows and the top 20 by trading volume, signaling strong investor enthusiasm for memory‑chip exposure.
Latam Insights brings together the most important cryptocurrency developments from Latin America during the past week. The U.S. Office of Foreign Assets Control imposed sanctions on a cryptocurrency laundering group linked to the Sinaloa Cartel, aiming to disrupt illicit financial flows tied to drug trafficking. The Venezuelan government ordered the closure of a mining farm that housed approximately 4,000 ASIC machines, halting a large-scale cryptocurrency mining operation. Brazilian bank Bradesco announced its entry into the cryptocurrency custody sector, offering secure storage solutions for digital assets.
Talks between the United States and Iran have not produced a final memorandum of understanding, as key clauses remain disputed. Tehran doubts Washington’s willingness to honor future commitments, a sentiment echoed by unnamed sources cited by Tasnim News Agency. The report does not list the exact clauses, but the deadlock persists despite ongoing diplomatic contact. Iran’s mistrust stems mainly from the 2018 U.S. withdrawal from the JCPOA and the reinstatement of sanctions, which Tehran views as a breach of the 2015 agreement. In response, Iran insists on a stringent monitoring system to verify U.S. compliance and reserves the right to employ retaliatory measures if promises are broken. This legacy of unmet obligations shapes the current negotiation climate. The unresolved MOU leaves Iranian oil exports constrained, keeping global supply tight and sustaining price pressures. A breakthrough could ease sanctions, boost oil flows, and temper inflation, while prolonged deadlock may trigger Iranian proxy actions or accelerated enrichment. The stalemate also limits diplomatic progress with Gulf neighbors and fuels uncertainty for investors and energy consumers.
The chief executive of BlackRock urged the SEC to accelerate the clearance of tokenized securities. His appeal immediately sparked heightened interest in blockchain‑based stocks and bonds. The call was highlighted in a recent COINTURK NEWS article. Accelerated approval could fundamentally change how Bitcoin and traditional assets are traded in the United States. This development is seen as a key driver for broader adoption of digital securities. The report originally appeared on COINTURK NEWS.
WLD bulls maintain dominance while whales focus on price targets ranging from $0.32 to $0.36.
Coinbase chief executive Brian Armstrong announced on May 24 that he has outlined eight core priorities for the finance sector. The list highlights tokenization, stablecoins, artificial intelligence, and capital formation among the key focus areas. Tokenization and stablecoins are positioned as fundamental components of the future financial landscape. Artificial intelligence is emphasized for its potential to enhance efficiency and decision‑making. Capital formation is also highlighted as a critical driver for growth and innovation. Armstrong noted that the financial ecosystem still requires significant technology upgrades and policy development. These improvements are essential to broaden access, modernize markets, and ensure the system can support the identified priorities.
Bitcoin is trading above $76,500 and the 100‑hour simple moving average, maintaining a base above $76,000. The hourly MACD has turned bullish and the RSI sits above the 50 level, indicating upward momentum. A recovery wave began after the price held firm over the $75,000 support zone. Key resistance sits at $77,450 (the 83.2% Fibonacci retracement) followed by levels near $78,000, $79,000, and potentially $81,500‑$82,000 if bulls break higher. A bearish trend line at $77,050 adds pressure, but staying above $77,450 could unleash fresh gains. Clearing $78,000 may trigger a push toward the $79,000 barrier. Failure to break the $77,450 zone could drive Bitcoin down to immediate support at $76,150, then $75,650, $75,000 and the critical $74,200 level. Below $74,200, recovery becomes uncertain in the near term. Technicals remain mixed, with bullish MACD momentum but significant downside risk if support is breached.
10x Research says Bitcoin has entered a bearish phase, citing a mix of institutional repositioning, macro‑economic strain, and technical weakness. The firm notes that several real‑time data points converge to signal a market turning point. This assessment follows a broader shift away from the bullish narrative that dominated early 2024. A key trigger is the perceived change in MicroStrategy’s Bitcoin holding strategy, coinciding with $2.7 billion outflows from spot Bitcoin ETFs since early May. Rising oil prices and higher inflation expectations are expected to push CPI upward, worsening conditions for risk assets. Additionally, the bond market is pricing in a possible further Fed rate hike, which could tighten liquidity and dampen speculative demand. Implied volatility for Bitcoin and Ethereum options sits near historic lows, while trading volume and leverage remain subdued, making the market prone to sharp swings from minor catalysts. 10x Research flags $76,088 as a pivotal level; a sustained break below could accelerate selling pressure. Investors are urged to monitor institutional behavior and macro signals, as downside risks appear dominant.
A former CFTC staffer says she was terminated after reporting concerns about three crypto firms tied to Donald Trump’s family. She alleges that acting Chair Caroline Pham and senior counsel Bridgett Weiles intervened to secure approvals or avoid scrutiny. Her warnings were allegedly ignored before her dismissal. The insider flagged specific problems: Polymarket lacked anti‑fraud safeguards, Crypto.com fell short on retail‑investor protection, and Gemini Titan missed required compliance checks. Pham later joined MoonPay, while Weiles moved to Gemini Titan, raising conflict‑of‑interest questions. These moves illustrate a possible revolving‑door between regulators and the industry. The CFTC, alongside the SEC, regulates digital‑asset derivatives and commodities such as Bitcoin and Ethereum. Perceived political favoritism could erode public confidence in its impartiality. The case highlights the tension between rapid crypto innovation and the need for robust investor protection. Neither the CFTC nor the officials have responded publicly, and the White House remains silent. Consumer groups are urging a formal investigation and stronger whistleblower safeguards. The allegations may trigger congressional hearings or an Inspector General review.
Adeniyi Abiodun, co‑founder of Mysten Labs, explained that the upcoming feature enables users to interact with the Sui network without publicly revealing their asset holdings. This capability keeps transaction details private from the broader internet. Abiodun believes the privacy option will attract institutional developers to the Sui platform, allowing them to control the visibility of their activities. Additionally, Sui plans to support private stablecoin transfers on its mainnet.
XRP accumulation grew as exchange liquidity tightened, but persistent resistance continued to curb breakout momentum.
Oil markets fell during the Memorial Day break after President Trump announced that negotiations to reopen the Strait of Hormuz were largely complete. The news pushed Brent crude below the $99 per barrel mark, while West Texas Intermediate was trending toward the $80 range. U.S. stock exchanges remained closed for the holiday, limiting trading activity. Despite the dip in oil prices, Bitcoin stayed near $77,000, showing resilience amid the market slowdown. The cryptocurrency’s stability occurred alongside the broader pause in U.S. equity trading.
SUI is finding it difficult to break above the $1.10 level, while support near $1.00 remains strong as buyers hold the floor. Trading volume has tapered off, and the token continues to move within a narrow range. A decisive breakout beyond the current band could establish a new direction for SUI. The latest analysis appears in the article titled “SUI price stuck at $1.10 as buyers defend $1.00,” published on COINTURK NEWS.
SOL fell 33% to about $83 in Q1 2026, yet average daily non‑vote transactions reached a record 112.6 million, 50% higher than the previous quarter. The surge indicates network usage outpacing price decline. Chain GDP stayed almost flat at $342.2 million, just above the prior quarter’s level. Pump.fun remained the top earner with $124.7 million, up 17%, while Axiom earned $42.4 million, a 36% increase. The Bags launchpad’s revenue exploded 1,347% to $11.5 million before an 85% month‑over‑month drop, highlighting rapid activity cycles. DeFi TVL slipped 22% to $6.16 billion, mirroring SOL’s price dip, and Solana’s share of total DeFi TVL held steady near 6.8%. Real Economic Value (validator fees plus MEV) fell only 1% to $89.5 million, keeping Solana second among blockchains behind Hyperliquid. Kamino reclaimed the DeFi lead with $1.72 billion TVL, narrowly ahead of Jupiter. A $285 million exploit hit Drift, attributed to North Korean‑linked actors, but overall validator revenue stayed largely unchanged. RWA market cap grew 43% to $2.01 billion. BlackRock’s BUIDL fund doubled to $525.4 million, with Anchorage custody holding about 81% of its supply. Ondo Finance tokenized over 200 U.S. stocks and ETFs, including BitGo at its IPO. Stablecoin composition shifted: USDC fell 21% to $7.83 billion, USDT rose 34% to $2.89 billion, while World Liberty Financial’s USD1 surged 473% to $883.5 million after Binance reallocated holdings.
Fenwick & West LLP, a Silicon Valley firm that served as lead outside counsel for the collapsed crypto exchange FTX, has agreed to pay $54 million to settle a federal class‑action lawsuit filed by former FTX customers. The lawsuit arose from allegations concerning the firm’s role as lead counsel during FTX’s failure. The proposed settlement was filed this week in federal court.
In the first five months of 2026, Bitcoin whales purchased an amount equal to the total bought throughout 2025. Spot‑exchange inventories have dropped to record lows, yet demand for BTC remains vigorous. This rapid accumulation highlights the strength of current buying activity. Because market depth is shallow, any fresh buying pressure could drive Bitcoin prices upward sharply. The analysis appears on COINTURK NEWS, emphasizing the risk of quick price spikes.
Hyperliquid's price has climbed to fresh all‑time highs, bolstered by an aggressive token buyback program and the recent rollout of spot ETFs in the United States.
