Former Hodlnaut CEO Charged in Singapore Over Terra Collapse Claims

Former Hodlnaut CEO Zhu Juntao was charged in Singapore with six counts of fraud by false representation, in a case tied to statements Zhu and Hodlnaut employees allegedly made after the 2022 collapse of the Terra ecosystem. Singapore Police said Zhu, 36, was charged following an investigation by the Commercial Affairs Department and faces three…

Cardano Foundation Cancels Conference After Failed DAO Vote

The Cardano Foundation has canceled its 2026 annual conference after its governance community shot down a revised proposal seeking to fund the event with treasury tokens. “Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken and we respect the outcome,” the foundation posted to X on…

NYDIG Suggests $1.3B IBIT Trader Wanted Quick Exit

A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) made last week was likely a whale making a quick exit on a directional trade, says Greg Cipolaro, the head of research at financial services company NYDIG. On Tuesday, an unknown trader sold 29.2 million shares of BlackRock’s IBIT on a dark pool, a…

Sui Addresses Three Network Outages With Major Upgrade

The Sui Foundation, the nonprofit organization behind the Sui Network, says it has made a “major upgrade” to address issues that caused three recent outages and left the blockchain down for more than 15 hours across two days. Sui experienced an outage on Thursday that lasted nearly six hours and two more on Friday. The…

BTC, ETH price news: Bitcoin, ether, solana slide as AI trade continues to rip higher

A record 10-session, $2.97 billion outflow streak from spot bitcoin ETFs and a fresh rally in oil prices on stalling U.S.-Iran ceasefire talks have kept bitcoin BTC$73,304.86 and the wider crypto market under pressure even as Wall Street’s AI trade pushed global equities to new records in Asian trading Monday. The MSCI All Country World…

Spanish Authorities Order Polymarket and Kalshi Blocked over Gambling Laws

Spain’s gambling regulator blocked local users from Polymarket and Kalshi “as a precautionary measure” as authorities there address allegations the prediction markets platforms were in violation of gambling laws.  On Tuesday, Spain’s Directorate General for the Regulation of Gambling (DGOJ) said the country’s Ministry of Social Rights, Consumption, and Agenda 2030 had opened legal proceedings…

Strategy’s Michael Saylor X Tease Tees Up BTC Buy

Strategy chairman Michael Saylor on Sunday signaled the Bitcoin treasury company would be announcing fresh purchases of the cryptocurrency in the coming days. The social media post comes just days ahead of a proxy vote that depends in large part on retailer shareholders to enable semi-monthly dividend payouts on the company’s STRC perpetual preferred stock….

China’s Supreme Court to Formulate New Rules for Digital Currency, AI cases

China’s Supreme People’s Court (SPC) said it will study new adjudication rules for virtual currency and cross-border finance cases as part of a broader push to clarify how courts handle digital economy disputes. “We will conduct in-depth research on the adjudication rules for new cases such as virtual currencies and cross-border finance, formulate judicial interpretations…

Bitcoin News: A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor, NYDIG says

A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust (IBIT) this week might have been driven by a large investor seeking a rapid exit from bitcoin exposure rather than the unwinding of a common hedge-fund trading strategy. That’s according to an analysis published by crypto investment firm NYDIG. The transaction took place on May…

Bitcoin is on the Verge of Locking in 3% May Losses

Bitcoin (BTC) circled $73,500 on Sunday as bulls stared down 3% BTC price losses for May. Key points: Bitcoin looks set to end May “in the red” as the monthly candle close nears. US labor-market data will form the key volatility catalyst for risk assets next week. Bitcoin analysis says that $73,000 is the key…