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Real estate blockchain firm Balcony has raised $12.7 million in a seed funding round led by Blockchain Ventures, The Block reported. The company plans to use the funds to expand its engineering team and U.S. operations.

According to CoinNess market monitoring, PROS has recorded over 18.8 billion won ($13.72 million) in trading volume since its listing on the South Korean exchange Upbit this afternoon.

A campaign to compel the Swiss National Bank (SNB) to add Bitcoin to its reserves is expected to fail after falling short of the signature requirement for a national referendum. According to Reuters, the initiative secured only about half of the 100,000 signatures needed to trigger a public vote on the constitutional amendment. The proposal sought to have the SNB hold BTC alongside gold and foreign currencies in its foreign exchange reserves. The SNB has consistently maintained that cryptocurrencies do not meet its criteria for reserve assets, citing their high volatility and insufficient liquidity. Yves Bennaim, who launched the campaign, argued that BTC could serve as an alternative to the U.S. dollar and the euro, describing it as an internationally neutral asset.

U.S. Senator Elizabeth Warren, a noted crypto critic, has sent a letter to Meta CEO Mark Zuckerberg demanding an explanation of the company's stablecoin initiatives. Warren requested answers by May 20 on seven key points, including the type of stablecoin being piloted, the service launch schedule, changes to Meta Pay, contract structures with third-party issuers, and measures for privacy protection and preventing illicit finance. She warned that Meta's adoption of a specific stablecoin on its platform of 3.5 billion users could have a significant impact on financial stability. The letter follows Meta's earlier announcement that it would offer a stablecoin option for paying some of its creators.

An address believed to belong to BlackRock has deposited 1,224 BTC (worth approximately $98.16 million) and 11,475 ETH (worth approximately $26.27 million) to Coinbase, according to Onchain Lens.

U.S. investment bank Bernstein said Coinbase's strategy to become a comprehensive exchange beyond just spot trading is beginning to pay off, The Block reported. As a result, Bernstein has maintained its price target for Coinbase at $330, representing roughly 71% upside potential from its current price. The bank added that despite disappointing first-quarter results, Coinbase's derivatives, prediction markets, and payments businesses are showing significant growth. Bernstein highlighted that the prediction market business has surpassed an annualized revenue of $100 million, while the retail and institutional derivatives businesses are each growing to an annual revenue scale of over $200 million.

Federal Reserve Governor Milan has stated that an interest rate cut is appropriate, assessing that the central bank's current monetary policy is suppressing the labor market.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The Mantle (MNT) DAO has approved a support package of up to 30,000 ETH, valued at approximately $68 million, to address liquidity issues on Aave (AAVE) stemming from a recent rsETH exploit. With this approval, the Mantle Treasury will proceed with the support by lending the ETH to Aave. The move comes after an attacker deposited 89,567 uncollateralized rsETH to borrow around $190 million in WETH, wstETH, and stablecoins, leading to estimated damages of up to $230 million.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched a supervisory campaign targeting virtual asset service providers. According to Decrypt, the agency will examine the anti-money laundering (AML) and risk management frameworks of 36 over-the-counter (OTC) crypto businesses and 27 local exchanges.

Nasdaq-listed Bitcoin mining company Cango (CANG) mined 230.04 BTC in April through its own operations, according to a PR Newswire press release. The average mining cost was $68,061. The company held 1057.46 BTC as of the end of April.

The use of stablecoin-based card payments has surged by approximately 105% over the past year, according to John Timoni, head of partnerships at stablecoin startup Rain. Speaking at the Consensus 2026 conference in Miami, Timoni predicted that the market share for stablecoin cards could reach double-digit percentages in some Latin American markets, CoinDesk reported.

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.