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Bithumb announced it will list Pharos (PROS) for trading against the won at 2:30 p.m. UTC today.

Users of the neobank Revolut, which offers investment services for crypto and crypto-related stocks, witnessed the price of BTC being displayed at just two cents on the app, CoinDesk reported. Screenshots showed the price temporarily dropping to $0.02 before recovering to its normal level, though it has not been confirmed whether any trades were executed at that price. During the same period, major exchanges listed BTC at around $79,000, according to CoinGecko and CoinMarketCap, indicating there was no market-wide crash. Revolut has not yet issued an official statement on the matter.

An address believed to belong to crypto hedge fund Arrington Capital deposited 100,000 COMP ($2.26 million) to Binance over a four-hour period, EmberCN reported. Deposits to exchanges are typically interpreted as an intention to sell. As a result, the price of COMP fell approximately 4% over the four hours, from $22.9 to $22.

Hong Kong's OSL Group announced that the circulating supply of USDGO, a U.S. regulatory-compliant stablecoin launched in partnership with Anchorage Digital, has surpassed $400 million. USDGO is issued by crypto bank Anchorage Digital Bank, with OSL Group handling brand operations and distribution.

South Korean crypto exchange Upbit announced it will list Pros (PROS) for trading against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT) at 11:30 a.m. UTC today.

Zcash (ZEC) plans to launch a "quantum-recoverable" wallet within a month and transition its network to a fully post-quantum system within the next 12 to 18 months, CoinDesk reported. Josh Swihart, CEO of the Zcash development lab, said the company is building a structure to allow users to safely transfer and recover assets in preparation for future threats from quantum computers. He explained that while Bitcoin functions as a store of value, it has limitations as a privacy-based peer-to-peer payment system. Swihart added that Zcash is also working on scaling to achieve transaction throughput comparable to that of Visa and Mastercard.

Sportix, an AI-based soccer intelligence analysis platform, announced it has raised $3.5 million from investors including Animoca Brands, Coininvestor Ventures, Becker Ventures, X21 Digital, and Alpha Capital. The company will use the funds to enhance its AI sports analysis engine, expand globally, and build out its product ecosystem for the 2026 FIFA World Cup season. Sportix's core products include a Match Intelligence Engine (MIE), which analyzes real-time match data, media sentiment, and player performance, and a Player Intelligence System (PIS). The platform also features an AI simulation engine for generating virtual match results by adjusting tactics, formations, and player parameters. Additionally, it provides an on-chain analyst reputation system and B2B data API services. The company aims to build a next-generation Sports Intelligence Network for fans, media, and fantasy sports platforms, with an official launch planned for the second quarter of 2026.

Upbit announced it will temporarily suspend deposits and withdrawals for Cronos (CRO) due to a network upgrade, starting at 3:00 p.m. UTC on May 19.

A Taiwanese news anchor has been indicted on charges of receiving cryptocurrency from a Chinese agent and bribing military personnel to leak confidential information, The Block reported. According to local prosecutors, anchor Lin Chen-yu is accused of paying six active and retired army and navy members since 2023 to obtain photos of classified military documents. In exchange, he allegedly received a total of 169,493 New Taiwan dollars (about $5,395) in cryptocurrency through Binance and OKX. Additionally, he is accused of receiving at least 4,325 USDT from a Chinese national last year to produce news reports critical of a campaign to recall a Kuomintang lawmaker, a move backed by the ruling Democratic Progressive Party (DPP).

South Korean crypto exchange Bithumb announced that it will temporarily suspend deposits and withdrawals for Ronin (RON) starting at 9:00 a.m. UTC on May 11 to support a network upgrade and migration. The network will be upgraded from the existing Ronin to Ronin L2.

Upbit has announced it will temporarily suspend deposits and withdrawals for eCash (XEC) starting at 9:00 a.m. UTC on May 15, due to a network upgrade.

Jack McDonald, Ripple's Senior Vice President of Stablecoins, said at Consensus 2026 in Miami that the company's stablecoin business will soon acquire a license from the U.S. Office of the Comptroller of the Currency (OCC). He noted that the business is already licensed in New York State and several other jurisdictions worldwide.

Bitcoin has slipped below $80,000 amid a wave of profit-taking led by short-term holders. According to CoinDesk, analytics firm CryptoQuant suggested that while Bitcoin has rebounded 37% from its April low, the move is more akin to a relief rally than the start of a full-blown bull market. The firm warned that as unrealized profit margins grow, the potential for further selling pressure could increase. Similarly, Enflux noted that while President Donald Trump's decision to suspend military action related to the Strait of Hormuz has boosted risk-on sentiment, the rally's sustainability remains in question, citing historical precedents where such policy directions have been quickly reversed.

Ark Invest CEO Cathie Wood has corrected a previous statement regarding the major market crash on Oct. 10 of last year. She clarified that while there was a software error, Binance did not trigger the sharp decline, adding that she wants market participants to have a clear understanding of the situation. Wood had previously mentioned a Binance software error in connection with a deleveraging event of approximately $28 billion during a January interview on Fox Business, which had sparked debate over the exchange's potential responsibility for the crash.

Christine Lagarde, President of the European Central Bank (ECB), has warned that euro-denominated stablecoins could threaten financial stability and monetary policy transmission channels. According to Bloomberg, Lagarde stated that while euro stablecoins might offer short-term benefits like reduced financing costs and expanded international influence, the associated costs are greater. She argued that stablecoins are not an efficient tool for strengthening the euro's international status. Lagarde emphasized that Europe's challenge is not to imitate tools developed in other regions but to build a safe asset base appropriate for capital market integration and the euro's standing. Her position contrasts with that of Joachim Nagel, President of Germany's central bank, who expressed support for euro stablecoins in February. However, the ECB noted in a March working paper that the widespread adoption of stablecoins could pose significant risks to Eurozone banks and monetary sovereignty.

Bithumb has announced that it will temporarily suspend deposits and withdrawals for eCash (XEC) starting at 8:00 a.m. UTC on May 15 to support an upcoming network upgrade.

Deutsche Bank, a German financial institution with approximately $2.1 trillion in assets under management, has acquired an additional 53,215 shares of the business intelligence firm MicroStrategy (MSTR). This brings the bank's total holdings to 784,919 shares, valued at approximately $140.1 million.

Asset management firm Multi Investment will pursue a portfolio diversification strategy after raising 480 million Swiss francs ($615.89 million), according to a PR Newswire press release. The firm has designated fintech, deep tech, blockchain, Web3, and biotechnology as its key next-generation investment areas.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for Bitcoin Cash (BCH) starting at 8:00 a.m. UTC on May 15. The suspension is to support an upcoming network upgrade for the cryptocurrency.

Crypto analyst MorenoDV, citing CryptoQuant data, has analyzed a growing divergence in the recovery of institutional sentiment between Bitcoin (BTC) and Ethereum (ETH). According to the analyst, Bitcoin is rapidly regaining market confidence as institutional capital inflows and accumulation trends recover, while Ethereum continues to show signs of weakened sentiment among institutional investors. He added that strong structural buying pressure is flowing into BTC, driven by expanding demand from ETFs and Digital Asset Treasury (DAT) strategies, whereas capital inflows into ETH remain comparatively limited.

A security vulnerability in the default code LayerZero uses to validate cross-chain messages has reportedly exposed over $3 billion in Omnichain Fungible Tokens (OFTs) to potential theft. According to the X account Fishy Catfish, the code could be instantly replaced by developer LayerZero Labs without any time delay, creating a structure that could be exploited to forge messages. The issue sparked a heated debate between LayerZero CEO Bryan Pellegrino and security researchers in the ETHSecurity community's Telegram channel. Banteg, a researcher with 220,000 followers, noted that major projects like Ethena and EtherFi were using this default setting until a few weeks ago and that $178 million in assets remain exposed. Fishy Catfish added that on-chain data suggests operational multi-signature keys were used for routine activities like memecoin trading, raising questions about the project's overall security management, particularly given its history of being targeted by North Korean hackers.

A majority of U.S. voters from both major parties support the Cryptocurrency and Lummis-Gillibrand Responsible Financial Innovation Act (CLARITY), according to a new poll. The survey also suggests that supporting the bill could be an electoral advantage for members of Congress. According to market research firm HarrisX, a national survey of 2,008 U.S. voters showed that 52% support the bill, while only 11% oppose it. Net support, calculated as the percentage of supporters minus opponents, was 48% among Democrats, 43% among Republicans, and 32% among independents. HarrisX reported that 37% of respondents would be more likely to support a member of Congress who votes for the CLARITY Act, compared to 17% who would be less likely. The survey also found that 70% believe the U.S. should have already passed crypto legislation, and 60% prefer the establishment of clear federal laws over litigation-focused regulation. Additionally, 47% said they would consider supporting a candidate from another party if their own party opposed the CLARITY Act. Meanwhile, 56% of respondents believe that digital payment systems built in foreign countries would weaken U.S. national security, indicating that digital finance is widely viewed as a national security issue.

Binance has announced its support for a contract swap of fan tokens based on the Chiliz Chain (CHZ) CAP20 standard. The tokens affected include ACM, ASR, ATM, and BAR. Consequently, deposits and withdrawals for these Chiliz Chain-based tokens will be temporarily suspended starting at 1:00 a.m. UTC on May 11.

Crypto industry insiders at the 2026 Consensus Miami conference noted that institutional investor participation in decentralized perpetual futures exchanges (Perp DEXs) remains limited, citing DeFi security risks and conflicts with Know Your Customer (KYC) frameworks, CoinDesk reported. Michael Anderson, co-founder of crypto venture capital firm Framework Ventures, described the current DeFi ecosystem as a "minefield." He explained that Perp DEXs are difficult for institutions to use compared to centralized exchanges (CEX) because DeFi's focus on anonymity and non-KYC structures clashes with the strict regulatory and compliance requirements that institutions must follow.

According to crypto analyst Michaël van de Poppe, Bitcoin's recent sideways price action is a natural phase of consolidation. He noted that BTC has entered a short-term trading range. Van de Poppe explained that asset markets generally move in waves, and a temporary correction is a natural process considering Bitcoin's recent sustained rally. He added that as long as the current upward trend holds, there is ample room for further gains in the coming weeks.