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An address that participated in the Ethereum (ETH) ICO has transferred 50 ETH, worth approximately $113,000, to a new address after 10.8 years of dormancy, according to Etherscan data. The address, which begins with 0xE0F, had been inactive for 3,940 days. According to Lookonchain, the wallet's owner invested $124 during the ICO to receive 400 ETH. The current value of this holding is $906,000, marking an estimated 7,303-fold return on the initial investment. ETH is currently trading at $2,261.21, down 1.35%, CoinMarketCap data shows.

Woori Bank has been acquitted in a first-instance trial on charges of violating South Korea's Foreign Exchange Transactions Act and Banking Act in connection with crypto-related overseas remittances, the Korea Economic Daily reported. The Seoul Central District Court ruled that the bank could not be considered the substantive business entity for the transactions in question and that prosecutors' application of the law represented an overly broad interpretation. The ruling is the first judicial decision in the case, which has been ongoing for approximately four years.

A whale address known as "qianbaidu.eth" (starting with 0x9bb9) has sold 338,084 HYPE over the past two days, according to a post on X by Onchain Lens. The sale was worth $13.4 million, with an average selling price of $39.65. The whale is still staking 151,573 HYPE, valued at $5.89 million.

An anonymous, newly created address starting with 0x669 withdrew 2,302 ETH, worth $5.19 million, from Binance five hours ago at an average price of $2,254.82, according to on-chain analyst ai_9684xtpa. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Aptos (APT) has become the first major Layer 1 blockchain to introduce a formal verification system, the project announced on its official X account. This verification method is designed to defend against AI-driven attacks and is implemented through the Move Prover, a proofing tool developed using AI for code written in the Move language.

Digital asset infrastructure firm BitGo has released its first quarterly earnings report since listing on the New York Stock Exchange (NYSE). The company's first-quarter revenue was approximately $3.77 billion, an increase of 112.6% compared to the same period last year. BitGo attributed the revenue growth to the expansion of its digital asset business and its stablecoin-as-a-service offering. However, its net loss widened to $60.7 million in the first quarter from $25.7 million a year earlier, influenced by factors including a decline in the value of its Bitcoin holdings. The company's customer base grew by 42% to 5,569. As of the end of the first quarter, BitGo reported holding 2,449 BTC and $1.86 billion in cash.

Prediction market platform Polymarket saw its monthly trading volume decline in April for the first time since August 2025. According to data from Dune Analytics, Polymarket's volume totaled $10.2 billion in April, an 8.9% decrease from $11.2 billion in March. Over the same period, competitor Kalshi's volume grew by approximately 13% to $14.8 billion, while the total trading volume for the prediction market sector increased by 12.4% to $29.8 billion.

South Korean police have arrested 40 people, including the operators of an illegal payment service that converted cash from drug buyers into virtual assets like Bitcoin, Kookmin Ilbo reported on May 14. The Busan Metropolitan Police Agency's Narcotics and International Crime Investigation Unit announced the arrests, which include six operators of the unregistered payment firm, two drug couriers, and 32 buyers and users. The ring allegedly facilitated drug transactions on Telegram from September of last year until April. Authorities have also moved to seize 105 million won (around $77,000) in criminal proceeds ahead of indictment.

Silicon Valley venture capital firm Andreessen Horowitz (a16z) has emerged as the largest political donor for the upcoming U.S. midterm elections in November, the New York Times reported. Including contributions from co-founders Marc Andreessen and Ben Horowitz, the firm has directed over $115 million toward election-related activities. This figure is nearly double the approximately $63 million spent during the 2024 presidential election. Key contributions include $47.5 million to the crypto industry Super PAC Fairshake and $50 million to the AI-focused Super PAC Leading the Future. Approximately 40% of the total donations are crypto-related. The report highlights the unusual case of a corporation, rather than an individual billionaire, becoming the top election donor, sparking concerns about companies potentially dominating elections for financial gain. After the 2024 election, Marc Andreessen had signaled a long-term commitment, stating that political participation is a role the firm must take on permanently.

Hyperliquid (HYPE) generated $11 million in fees last week, accounting for approximately 43% of the total across major blockchain networks to rank first, The Block reported. The majority of these fees came from futures trading. The outlet noted that this trend reflects a migration of derivatives traders to Hyperliquid's infrastructure and suggests that specialized chains can be more effective at generating fees than traditional Layer 1 networks. For comparison, Ethereum recorded $3 million in fees with a 13% market share, a relatively small amount compared to its past performance. Solana generated $2 million in fees for a 10% share, which The Block suggested shows the limitations of memecoin activity in directly translating to fee revenue.

The Bank of England has defined stablecoins as a new form of money and will begin accepting issuance applications this year as it moves to bring them into the regulatory fold, Decrypt reported. Sasha Mills, the bank's Executive Director for Financial Market Infrastructure, stated that by the end of the year, the BoE will be ready to accept applications from firms wanting to launch systemic stablecoins for widespread payments in the UK. She added that the bank is not pre-judging whether deposit tokens or stablecoins are more suitable but emphasized that stablecoins must have a level of stability equivalent to traditional currency. The Bank of England plans to distinguish between stablecoins used for widespread payments, which could affect financial stability, and those for other retail and corporate use. The latter will be regulated by the Financial Conduct Authority (FCA). UK authorities are also expected to finalize the country's stablecoin framework by the end of the year.

A U.S. crypto regulation bill known as the CLARITY Act has secured all 13 Republican votes needed for it to pass the Senate Banking Committee, BeInCrypto reported. With Senator John Kennedy, previously considered the only potential holdout, confirming his support, the bill is now certain to pass the committee regardless of Democratic votes. Global asset manager Fidelity has previously expressed its support for the legislation. In a post on X, Fidelity stated that the CLARITY Act would benefit U.S. investors by providing legal clarity to the crypto market and would help the United States maintain its global leadership in the digital asset sector.

Blockchain project TAC has been hit by an exploit, resulting in the theft of approximately $2.8 million in USDT, BLUM, and tsTON from its cross-chain layer on the TON network. In an announcement on X, TAC clarified that its native TAC tokens and ERC-20 tokens bridged from TON and Ethereum were unaffected by the incident. The bridge has been temporarily suspended as the team conducts a forensic analysis and works on recovery, with a post-mortem report expected within 48 hours. The project is collaborating with law enforcement, SEAL 911, and security partners to trace the stolen funds. TAC also stated that its foundation will sell its holdings of TAC tokens, following legal procedures, to fully compensate all affected users.

Blockchain security platform Immunefi announced via X that it will support the migration of users from the bug bounty project Code4rena, which is ceasing operations. Immunefi stated it is collaborating with the Code4rena team to transfer the existing structure of programs—including their scope, rules, and rewards—without changes. The platform has also invited white hat hackers from Code4rena to join its ecosystem.

The Spot CVD chart analyzes the order book for the BTC/USDT spot trading pair. The upper section shows a Volume Heatmap, while the lower section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks the amount of trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences a significant move. Brighter-colored areas may act as support and resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line on the chart rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

The Crypto Fear & Greed Index from data provider CoinMarketCap is at 47, down 2 points from yesterday. The market remains in a neutral state. The index measures market sentiment on a scale where 0 signifies extreme fear and 100 indicates extreme optimism. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

An anonymous address that participated in the Ethereum ICO has become active after nearly 11 years of dormancy, Onchain Lens reported. The address, which begins with 0xed41, transferred 790 ETH, worth approximately $1.78 million, to an external address an hour ago. This address initially invested $246, marking a return of about 7,243 times its original investment.

A petition posted to South Korea's National Assembly e-petition system on May 13 calling for the abolition of virtual asset taxation has garnered over 5,000 signatures. The petitioner argued that the current tax system requires a fundamental review rather than simple adjustments or delays. The petition cites several issues with the current framework, including inequity compared to the stock market, a disconnect from the reality of a prolonged market downturn, and concerns that it could limit wealth-building opportunities for young people. It also highlights a structural flaw where taxes could be levied even as investors are recovering from losses, and warns of a potential market shock if the tax is implemented. The petitioner stressed that premature taxation without adequate institutional foundations, investor protections, and consideration for international standards and market conditions would likely burden the public and stifle the industry. Under the National Assembly's rules, if a petition receives more than 50,000 signatures, the speaker must refer it to the relevant committee to consider legislative amendments and other procedural steps.

Fidelity International has launched its first fund token, the USD Digital Liquidity Fund (FILQ), The Block reported. The product is a blockchain-based version of an existing large-scale institutional liquidity fund. In an announcement on May 13, Moody's assigned the fund its highest rating of AAA-mf. The fund token follows the same investment strategy as an Ireland-based low volatility net asset value (LVNAV) fund with approximately $7 billion in assets.

Coinbase CEO Brian Armstrong has voiced his support for the CLARITY Act ahead of its review in the U.S. Senate. According to Cointelegraph, Armstrong stated that the bill has secured stronger bipartisan support than ever before. He noted that the banking and crypto industries have reached a level of agreement on the issue of stablecoin interest, following mediation by Senator Tillis and Representative Allsbrooks. While neither side is completely satisfied, Armstrong described the compromise as acceptable to all parties involved.

Whale Alert reported that 348,000,000 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $348 million.

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

The three major U.S. stock indices closed mixed today. - S&P 500: +0.59% - Nasdaq: +1.2% - Dow Jones: -0.1%

Decentralized prediction market Myriad has adopted Chainlink (LINK) as its official oracle infrastructure, Decrypt reported. The integration will initially apply to prediction markets for BTC, ETH, BNB, and SOL, with plans to expand into real-world asset (RWA) markets in the future. The adoption of Chainlink enables Myriad to implement prediction markets with real-time settlement capabilities.

An X user (@cprkrn) announced the successful recovery of a Bitcoin wallet that had been inaccessible for over 11 years with the help of Claude AI. The user regained access to 5 BTC after uploading old computer files from their college years to the AI. Claude identified encrypted wallet data within the files, then analyzed and corrected an issue with the open-source recovery tool btcrecover to assist in decrypting the private key. The AI also successfully converted the key into the Wallet Import Format (WIF). The user noted that they had previously tried several commercial recovery services, paying around $250, but all attempts had failed.