Live Feed

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.

MetaMask developer Consensys has postponed its plans for a U.S. initial public offering (IPO) until at least this fall, citing unfavorable market conditions, CoinDesk reported. The company had previously selected JPMorgan and Goldman Sachs as underwriters for the offering. Meanwhile, although several crypto companies have announced plans to go public this year amid improving regulatory clarity in the U.S., other major firms like Kraken and Ledger have also halted their IPO plans due to the prolonged market downturn.

Hyperliquid (HYPE) accounted for approximately 43% of all blockchain fees last week, generating around $11 million in revenue, The Block reported. The majority of this income was derived from perpetual futures trading. According to the report, Hyperliquid has significantly expanded its market share over the past year as traders have rapidly migrated to its dedicated infrastructure.

Short-term Bitcoin holders are showing clear signs of taking profits, according to an analysis by crypto analyst Amr Taha. In a contribution to CryptoQuant, Taha noted that since mid-April, these holders have deposited over 7,000 BTC to Binance in five separate transactions. He suggests this indicates they are securing profits from the current rally rather than anticipating further significant gains. The current selling pressure primarily stems from profitable BTC being moved onto exchanges, with relatively limited selling from holders at a loss. Taha also highlighted that deposits from short-term holders increased noticeably after BTC surpassed $75,000, concluding that the market is under repeated selling pressure from this group of investors.

The U.S. Senate has voted to confirm Kevin Warsh as the next Chairman of the Federal Reserve.

Lucy Rigby, the UK's Economic Secretary to the Treasury, stated that digital assets have the potential to completely transform the country's financial markets, Decrypt reported. Speaking at the FT Digital Asset Summit, Rigby said these assets would go beyond simple speed improvements to optimize capital flows and fundamentally change business models. She added that the government plans to drive industry growth while minimizing the regulatory burden.

French banking giant Societe Generale has deployed its stablecoins, EURCV and USDCV, on the Canton Network through its digital asset subsidiary SG-FORGE, Cointelegraph reported. The move is intended to support collateral management for asset tokens, repo (repurchase agreement) financing, and inter-institutional settlement and risk management workflows.

Metaplanet, often called Japan's MicroStrategy, has postponed its plan to list its Mars and Mercury preferred shares, citing the country's regulatory environment and infrastructure limitations, CoinDesk reported. The company currently holds 40,177 Bitcoin.

According to WisdomTree's BiG (Bitcoin in Gold) model, the current Bitcoin-to-gold ratio stands at 15.6, which is 26% below the model's fair value estimate of 21.1, CoinDesk reported. The analysis suggests that Bitcoin has the potential for a stronger rally than gold during periods of declining real yields or expanding liquidity.

BlackRock Chief Operating Officer (COO) Rob Goldstein said demand for cryptocurrency has exceeded the firm's expectations, Foresight News reported. Speaking during a Binance online stream, Goldstein discussed the market's reaction to the launch of its BTC ETF, IBIT, and outlined future strategies. He noted that global demand for IBIT was stronger than anticipated, viewing it not as mere speculative fervor but as a new value proposition based on emerging technology. Goldstein also predicted that the tokenization of capital market tools is still in its infancy and that future growth will be measured in multiples rather than percentages. He added that AI agents will eventually transact directly via digital rails, or blockchain infrastructure, instead of logging into traditional bank accounts. The biggest current obstacle, he pointed out, is a lack of investor education on the technical aspects of virtual assets and how to allocate them efficiently within a portfolio.

Major exchanges have seen $108 million worth of futures liquidated in the past hour. In the past 24 hours, $383 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,990.01 on the Binance USDT market.

Veteran trader Peter Brandt has analyzed that the recent Bitcoin rally is merely a technical rebound within a classic downward channel, U.Today reported. Brandt emphasized three times that a bottom pattern for Bitcoin has not yet formed. He is focusing on a potential downward channel that began with the low in February, predicting that the price will fall back toward the lower boundary after hitting the top of the channel.