News

According to the announcement from Binance, the platform is set to introduce the next phase of its "Binance Learn & Earn" initiative. This program allows users to enhance their understanding of blockchain technology while earning cryptocurrency rewards by completing a designated quiz. The activity is scheduled to run from 2026-05-12 09:00 (UTC) to 2026-05-26 09:00 (UTC).

Participation in this round is exclusive to verified new users who have not previously subscribed to Simple Earn Locked Products before the specified start date. Eligible participants will receive a predetermined amount of ESP tokens, distributed on a first-come, first-served basis. Users can begin engaging with educational materials, including articles and videos, and complete quizzes as long as token supplies last. Each Learn & Earn session can only be completed once, and users are limited to one reward per session.

The ESP rewards will be automatically locked in Simple Earn Locked Products for a duration of 150 days, offering an annual percentage rate (APR) of 10%. Users will not be able to participate once all rewards have been distributed. Binance emphasizes that the actual value of the rewards may fluctuate due to market conditions. At the end of the subscription period, Binance Simple Earn will transition the locked assets to Simple Earn Flexible Products.

Binance reserves the right to terminate the activity without prior notice and disqualify participants who violate the program's terms. The platform also retains the right to modify the terms and conditions at its discretion. Users are encouraged to stay informed about new projects and opportunities to earn additional crypto rewards through the Learn & Earn program.

Lawmakers have publicly released the text of the crypto market structure bill ahead of their vote, according to CoinDesk. The bill, which had been circulating within the industry behind closed doors, aims to address regulatory frameworks for the cryptocurrency sector. This move is seen as a significant step towards formalizing the legal landscape for digital assets, potentially impacting market participants and regulatory compliance.

According to Odaily, monitoring by Arkham reveals that Bhutan has transferred 100 BTC from its holdings, valued at approximately $8.1 million. Since early 2026, Bhutan has sold Bitcoin worth about $230.39 million, with remaining holdings valued at approximately $252 million. The average monthly sale amounts to around $50 million. Arkham notes that if sales continue at this pace, Bhutan's Bitcoin holdings could be depleted by the end of September. Additionally, if all sales are completed at the current Bitcoin price, Bhutan's cumulative on-chain profit from these holdings would reach approximately $767 million.

Microsoft set a target to achieve a $92 billion return from its early significant investment in OpenAI, according to Bloomberg. This information was revealed during a court hearing on May 11 in Oakland, California, involving a lawsuit filed by Elon Musk against OpenAI and Microsoft. Microsoft CEO Satya Nadella stated in court that the investment was successful because the company took on the associated risks.

Marathon Digital Holdings (MARA) has announced its financial results for the first quarter, revealing a revenue of $174.6 million, which marks an 18% decrease compared to the same period last year. According to NS3.AI, the company emphasized that bitcoin mining continues to be its core operational focus. The net loss for the quarter expanded to $1.3 billion, largely attributed to unrealized losses on the 38,689 BTC held on its balance sheet. In an effort to manage debt and improve financial flexibility, MARA sold approximately $1.1 billion worth of bitcoin towards the end of the quarter.

A sophisticated npm worm named 'Mini Shai-Hulud' is spreading through well-known developer projects such as TanStack, UiPath, and DraftLab, according to ChainCatcher. The threat monitoring system MistEye, operated by blockchain security firm SlowMist, detected the worm. Attackers are hijacking GitHub credentials to release malicious software packages disguised as legitimate updates. These packages contain a hidden script, router_init.js, which runs silently in CI/CD environments like GitHub Actions. The worm is designed to steal CI/CD keys, cloud infrastructure keys, and cryptocurrency wallet information, using GitHub's infrastructure for data exfiltration.

SlowMist has shared the threat intelligence with its clients, advising projects using the affected packages to check their CI/CD pipelines for the presence of the router_init.js file. They recommend rotating all exposed GitHub, cloud service, and cryptocurrency credentials and continuously monitoring for unusual background activities in the development environment.

OpenAI has announced plans to acquire the consulting firm TOMORO to establish a private equity joint venture. According to Jin10, this strategic move aims to expand OpenAI's influence in the financial sector by leveraging TOMORO's expertise. The acquisition is expected to enhance OpenAI's capabilities in providing AI-driven solutions to private equity firms, marking a significant step in its business diversification efforts.

Bitcoin Ordinals browser Ord.io announced on the X platform that it will cease operations on June 1. According to PANews, the platform, launched three years ago, has served over one million users. The team plans to upload the complete history of likes, replies, and public address data to GitHub, allowing future developers to build related Ordinals browsing tools based on this data.

Ukraine's President Volodymyr Zelensky announced a successful meeting with Palantir CEO Alex Karp. According to Jin10, Zelensky stated that Ukraine is gradually advancing its cooperation with the U.S. defense sector.

Binance announced on X a significant update to its desktop application, focusing on performance optimization and feature enhancements. The update aims to address issues such as lag, latency, and unexpected crashes, providing users with a smoother and more reliable experience. This improvement is expected to enhance the overall functionality of the platform, ensuring that users can navigate and execute transactions with greater efficiency.

In addition to performance upgrades, the update also sees the restoration of the sub-account feature. This allows users to manage accounts, allocate assets, and set API configurations seamlessly from a single interface. The restoration of this feature is anticipated to streamline account management processes, offering users more control over their digital assets and trading activities.

Furthermore, Binance has improved its Pay service by adding a quick access entry in the navigation bar, making payments faster and more convenient. This enhancement is designed to simplify the payment process, enabling users to conduct transactions with ease. Binance continues to collect user feedback under the #ProductFeedback initiative, aiming to refine and optimize its products continuously. Users are encouraged to download the latest version of the Binance desktop application to experience these updates firsthand.

AI-driven financial operating system Infini has joined the Circle Alliance Program. According to Foresight News, the initiative aims to bring together companies, institutions, and protocols from fintech, traditional finance, consumer applications, payments, banking, and Web3 sectors that are utilizing Circle's stablecoin and Web3 services. The collective goal is to advance the development and growth of the internet financial system, expand the use of USDC, enhance cross-border payments, and provide digital financial services.

Stream Finance announced on Platform X that it is seeking ways to maximize the value of assets for customers and creditors. According to Odaily, the goal is to integrate, liquidate, and distribute assets prudently and swiftly. The team is considering several strategic alternatives that require the involvement of customers and creditors, with more details expected in the coming weeks. Inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP.

In November last year, Stream Finance reported a loss of $93 million in assets and subsequently suspended withdrawals, leading to a significant de-pegging of XUSD.

Aave, along with other stakeholders, has initiated a binding governance vote on the Arbitrum platform to transfer $71 million, equivalent to 30,765 ETH, into an address controlled by Aave LLC. According to NS3.AI, this proposal comes in response to a court order issued by Judge Margaret Garnett, which mandates that the frozen assets remain under legal restrictions even if the transfer is approved. The voting process is set to commence on May 15.

Arbitrum delegates have commenced a binding governance process to transfer disputed exploit funds to Aave, according to CoinDesk. This move comes amid ongoing legal battles in a Manhattan court, where North Korean terrorism creditors are contesting ownership of the funds. The governance process aims to resolve the dispute over the funds, which have been a point of contention following an exploit. The outcome of this process could have significant implications for both Aave and the parties involved in the court case.

On May 12, a significant transfer of ONDO tokens was observed. According to BlockBeats On-chain Detection, the Ondo project's multi-signature address transferred 150 million ONDO tokens seven hours ago. Subsequently, 21.338 million ONDO tokens were moved to centralized exchanges (CEX) one hour ago.

Binance Wallet announced on X that the rewards for the Phase 2 Bitway Booster Campaign are now available for participants to claim. Users can access their rewards by navigating to the 'Discover' section, selecting 'Booster,' and then proceeding to 'My Total Rewards.' From there, participants can utilize the 'Batch Claim' option located at the top right to claim all their rewards in a single action.

This announcement marks the next step in the Bitway Booster Campaign, allowing users to efficiently collect their accumulated rewards. The process is designed to streamline the claiming experience, ensuring that participants can easily access their benefits without hassle. The availability of these rewards follows the completion of the campaign's second phase, providing users with the opportunity to consolidate their earnings promptly.

Sui (SUI) has experienced a nearly 10% decline from its high on Sunday, raising concerns about the sustainability of its recent rally. According to BeInCrypto, the altcoin had surged almost 40% over the past week, driven by SUI Group Holdings expanding its treasury holdings to 108,728,129 SUI, with most staked at a 1.8% yield. The pullback occurred as SUI's Relative Strength Index (RSI) hit overbought levels, suggesting a market reset. Broader crypto market weakness also contributed, with $680 million outflows from BTC and ETH into stablecoins.

London-listed technology company, The Smarter Web Company, has increased its Bitcoin holdings by 25 BTC, bringing its total to 2,830 BTC. According to Foresight News, this move reflects the company's ongoing interest in cryptocurrency investments.

Germany's Consumer Price Index (CPI) for April was finalized at a monthly rate of 0.6%, matching both the forecast and the previous month's rate, according to Jin10.

Avalon Labs is set to launch a gold-backed yield product on the SuperEarn platform, specifically targeting institutional investors who have completed Know Your Business (KYB) verification. According to NS3.AI, the product will utilize Tether Gold and incorporate a market-neutral strategy, real-world asset allocation, and proprietary risk management techniques. However, Avalon Labs has not yet disclosed a specific launch date for this new offering.

Fluid announced on Platform X that damage to Resolv infrastructure has resulted in approximately $21 million in bad debt. According to Odaily, a solution has been devised to address the remaining $19.3 million in debt: Resolv will cover about $9.7 million, Fluid's governance treasury will handle $8.2 million, and the Fluid team will take on $1.5 million. Fluid has destroyed all remaining USR tokens within the protocol at the contract level, allowing users to exchange them directly through Resolv.

To ensure long-term sustainability, Fluid will pause token buybacks, significantly reduce or eliminate FLUID token incentives, and the foundation will halt its monthly $250,000 grant from March to June. Additionally, its Solana DEX is expected to launch within six weeks.

Christopher Delgado, the former CEO of Goliath Ventures, has publicly apologized to investors following accusations by U.S. prosecutors of operating a Ponzi scheme involving approximately $328 million. According to ChainCatcher, Delgado expressed regret for betraying investors' trust and stated that he has voluntarily returned to the United States to face charges of fraud and money laundering.

Prosecutors allege that from January 2023 to January 2026, Delgado promised investors fixed monthly returns under the guise of 'crypto liquidity pool investments,' while actually using funds from new investors to pay returns to earlier investors. Additionally, U.S. prosecutors claim that some of the funds were used to purchase Florida real estate valued at $14.5 million and to host lavish events and trips. Delgado is currently out on bail and, if convicted on all charges, could face up to 30 years in federal prison.

U.S. Treasury Secretary Bessent stated that global bond yields are increasing as markets adjust to inflation expectations. According to Jin10, this trend reflects the ongoing economic adjustments in response to inflationary pressures worldwide.

New York Fed President John C. Williams, a permanent voting member of the Federal Open Market Committee (FOMC), is set to participate in a panel discussion on monetary policy in ten minutes. According to Jin10, this event will provide insights into the current monetary policy landscape.

Chainlink (LINK) network activity has surged to levels not seen in eight months, driven by the migration of decentralized finance (DeFi) protocols from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), according to BeInCrypto. On-chain analytics firm Santiment reported 282,170 active addresses on May 9, followed by 264,090 the next day, marking the strongest sustained activity since September 2025. This increase follows a $292 million exploit on April 18, 2026, involving Kelp DAO's LayerZero-powered bridge, prompting a shift to Chainlink CCIP. Additionally, Solv Protocol plans to migrate over $700 million in tokenized Bitcoin to CCIP, further boosting network activity. The surge is attributed to genuine protocol usage rather than speculative trading, with significant whale accumulation and reduced sell-side pressure noted.

Circle's first-quarter financial report revealed that its revenue did not meet expectations. According to PANews, the ARC ecosystem has introduced new variables, with the ARC Token presale reaching $222 million. Despite the revenue shortfall, the stablecoin USDC continues to show strong growth.

Hong Kong's stock market closed with losses today, as the Hang Seng Index fell by 0.22% and the Hang Seng Tech Index dropped by 0.7%. According to Jin10, Leapmotor (09863.HK) saw a significant decline of over 6%, while Lenovo Group (00992.HK) and Hua Hong Semiconductor (01347.HK) both experienced declines of more than 3%.

MARA Holdings (MARA) and CleanSpark, Inc. (CLSK) shares fell in after-hours trading following the release of their latest quarterly results, according to BeInCrypto. Both Bitcoin miners reported declines in revenue and wider net losses, largely due to the depreciation of their Bitcoin holdings. MARA posted a net loss of $1.3 billion, impacted by a $1 billion loss from changes in the fair value of its digital assets, while revenue fell 18% to $174.6 million. CleanSpark recorded a net loss of $378.3 million, with $224.1 million attributed to Bitcoin valuation declines, as revenue dropped 24.9% to $136.4 million.

Italy's adjusted industrial output for March showed a year-on-year increase of 1.5%, exceeding the anticipated 0.3%. According to Jin10, the previous value was revised from 0.50% to 0.4%.

According to the announcement from Binance, starting on 2026-05-12 at 12:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Moonriver (MOVR) network. This suspension is to facilitate a network upgrade aimed at enhancing user experience. The upgrade is scheduled to occur at block height 16,249,119, which is expected to be reached around 2026-05-12 at 13:00 (UTC).

The trading of tokens on the Moonriver network will remain unaffected during this period. Binance has assured users that it will manage all technical requirements related to the upgrade. Once the network is deemed stable post-upgrade, deposits and withdrawals will be resumed without any further announcements. Users are advised to stay informed through the project team's communications for additional details.

The European Union is working on regulations to curb the business models of social media platforms to protect children and teenagers, according to European Commission President Ursula von der Leyen. According to Jin10, von der Leyen stated on Tuesday that the harm experienced by young people from social media is not accidental but results from business models that treat their attention as a commodity. The regulatory efforts will target platforms such as 'X', Instagram, and Facebook, which are owned by Meta.

According to ChainCatcher, European Central Bank (ECB) Governing Council member Joachim Nagel has stated that the baseline scenario includes two interest rate hikes. This statement highlights the ECB's approach to managing monetary policy amid current economic conditions.

Vitalik Buterin has announced another donation of 64 ETH to an animal welfare fund. According to Foresight News, Buterin expressed concern over the suffering of billions of animals, describing it as a significant issue for human society. He remains optimistic that advancements in farming methods and artificial alternatives could help address this problem within this century.

Blockchain investigator tanuki42 reported that a North Korean recruiter recently contacted them, offering $300 per month for a U.S. identity and $150 for an EU identity to register and maintain Upwork accounts. According to Foresight News, the recruiter proposed an additional 15% commission after four months and requested remote computer access via AnyDesk to bypass Upwork's IP monitoring. After a brief session, the recruiter abruptly ended the connection and blocked tanuki42.

tanuki42 warned that intermediaries using U.S. and EU identities are becoming a laundering channel increasingly relied upon by North Korea, potentially indirectly funding the regime.

European Central Bank Governing Council member Joachim Nagel stated that the ECB's mission necessitates action if inflation expectations become unanchored. According to Jin10, Nagel emphasized that the situation will become clearer in June.

PANews posted on X (formerly Twitter). Dolphin Network serves as the core default model provider for the Venice platform, utilizing a 'point-to-pool' architecture to integrate idle GPUs into the AI inference network. The protocol's revenue is fully allocated to token buybacks, with no external equity structure involved and no plans to introduce one in the future.

On May 12, borrowing costs in the UK approached their highest levels since 2008, leading to a significant drop in the British pound and a decline in the stock market. According to Jin10, investors are bracing for potential changes in leadership, which could threaten the fiscal austerity policies of Prime Minister Keir Starmer's government. The benchmark 10-year UK government bond yield surged by 11 basis points to 5.11%, slightly below the peak reached in March, driven by investor concerns over inflation due to the 'Iran War.' The 30-year UK bond yield, sensitive to fiscal risks, also rose by 10 basis points to 5.78%, nearing the highest point since 1998 reached last week. The pound fell 0.5% against the dollar to 1.354. Mohit Kumar, an economist at Jefferies Group, stated, 'Our baseline scenario is for Starmer to exit in an orderly and controlled manner.' He added that any successor is likely to have a left-leaning political stance, which could negatively impact long-term bond yields and the pound. Kumar disclosed that he has positioned himself to capitalize on the widening spread between short-term and long-term UK borrowing costs and is shorting the pound.

Grok's downloads have decreased significantly, dropping to approximately 8.3 million in April this year from over 20 million in January. According to NS3.AI, this decline is attributed to Grok's AI model lagging behind faster-growing competitors. Recon Analytics reported that Grok's paid-user share in the second quarter of 2026 was 0.174%, showing minimal change from 0.173% a year earlier. Additionally, a computing lease between SpaceX and Anthropic has raised further concerns about Grok's ability to keep pace with its rivals.

On May 12, trading activity for Venice AI (VVV) contracts has significantly increased on the centralized exchange Hyperliquid, according to BlockBeats On-chain Detection. The 24-hour trading volume surpassed $39 million, with open interest reaching $32.9 million.

The recent price surge of VVV has led to notable profits for the largest on-chain address involved in this rally. The address, 0xfdf, utilized a 3x leverage to long 123,000 VVV tokens at an average price of $8.34. The current value of this position is approximately $2.2 million, resulting in an unrealized profit of about $1.2 million, equating to a 1.6x return on the initial investment.