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Dogecoin Surges From $0.095, Eyes Key Resistance At $0.1075 and $0.1120Headline: Dogecoin Breaks Higher From $0.095 Zone — Eyes Resistance at $0.1075 and $0.1120 Dogecoin staged a fresh upswing after finding support around $0.0950, showing relative strength against Bitcoin and Ethereum as it pushed back into four-figure-satoshi territory. Price action snapshot (Kraken, hourly) - DOGE climbed above key intraday hurdles at $0.0985 and $0.10, gaining more than 8% and testing the $0.1120 area. - A pullback took the price down to $0.1009, but buyers re-emerged and drove DOGE back above $0.1050. - The pair is currently trading above roughly $0.1040 and the 100-hour simple moving average, with a bullish hourly trend line providing support near $0.1020. What to watch next - Bull case: As long as DOGE holds above $0.10 — and particularly the $0.1020 trend-line support — the momentum could continue. Immediate resistance sits at $0.1075 (the 61.8% Fib retracement of the $0.1120–$0.1009 swing). Above that, $0.1095 and $0.1120 are the next obstacles; a daily close above $0.1120 could open the path toward $0.1150, $0.12 and potentially $0.1250. - Bear case: Failure to clear $0.1075 may invite another correction. Initial downside support is at $0.1035, then $0.1020, with the critical floor at $0.10. A decisive break under $0.10 could see DOGE slide back toward $0.0955–$0.0950. Technical readout - Hourly MACD: picking up bullish momentum. - Hourly RSI: trading above 50, signaling bullish bias. - Key supports: $0.1035, $0.1020, $0.10. - Key resistances: $0.1075, $0.1120. Bottom line: Dogecoin has reclaimed short-term bullish control after bouncing from the $0.095 area, but traders will be watching whether it can clear $0.1075 and $0.1120 to confirm a larger rally — or whether pressure near those levels will trigger another pullback. Read more AI-generated news on: undefined/news

Dogecoin Surges From $0.095, Eyes Key Resistance At $0.1075 and $0.1120

Headline: Dogecoin Breaks Higher From $0.095 Zone — Eyes Resistance at $0.1075 and $0.1120 Dogecoin staged a fresh upswing after finding support around $0.0950, showing relative strength against Bitcoin and Ethereum as it pushed back into four-figure-satoshi territory. Price action snapshot (Kraken, hourly) - DOGE climbed above key intraday hurdles at $0.0985 and $0.10, gaining more than 8% and testing the $0.1120 area. - A pullback took the price down to $0.1009, but buyers re-emerged and drove DOGE back above $0.1050. - The pair is currently trading above roughly $0.1040 and the 100-hour simple moving average, with a bullish hourly trend line providing support near $0.1020. What to watch next - Bull case: As long as DOGE holds above $0.10 — and particularly the $0.1020 trend-line support — the momentum could continue. Immediate resistance sits at $0.1075 (the 61.8% Fib retracement of the $0.1120–$0.1009 swing). Above that, $0.1095 and $0.1120 are the next obstacles; a daily close above $0.1120 could open the path toward $0.1150, $0.12 and potentially $0.1250. - Bear case: Failure to clear $0.1075 may invite another correction. Initial downside support is at $0.1035, then $0.1020, with the critical floor at $0.10. A decisive break under $0.10 could see DOGE slide back toward $0.0955–$0.0950. Technical readout - Hourly MACD: picking up bullish momentum. - Hourly RSI: trading above 50, signaling bullish bias. - Key supports: $0.1035, $0.1020, $0.10. - Key resistances: $0.1075, $0.1120. Bottom line: Dogecoin has reclaimed short-term bullish control after bouncing from the $0.095 area, but traders will be watching whether it can clear $0.1075 and $0.1120 to confirm a larger rally — or whether pressure near those levels will trigger another pullback. Read more AI-generated news on: undefined/news
Article
Fidelity: Bitcoin Hits 'Undervalued' Accumulation Zone As Momentum Remains NegativeFidelity Digital Assets says Bitcoin’s recent pullback has pushed the market into a zone that, historically, lines up with accumulation — even as momentum remains negative and broader crypto risk appetite is narrow. In its Signals Report for Q2 2026, Fidelity’s research team framed the market as still working through a corrective phase rather than launching a broad-based upswing. Bitcoin, the report notes, remains the primary source of unrealized profitability across the digital-asset complex, while other major tokens continue stabilizing after a sharp Q1 reset. Valuation signal flips “undervalued” Fidelity’s clearest bullish signal comes from its “Yardstick,” a valuation metric that compares Bitcoin’s market cap to hash rate. Falling prices and a pullback in hash rate have pushed the Yardstick into what Fidelity calls an “undervalued” zone — historically associated with accumulation and relative bottoms. Bitcoin spent 71 of the previous 91 days (78% of the period) below minus one standard deviation of the Yardstick’s mean. That state first showed up in October 2025 and was intensified by two cold-weather events in the U.S. that temporarily curtailed mining activity as operators reduced power usage to support local grid stability. Fidelity emphasizes that the hash-rate decline isn’t necessarily a simple sign of weakened miner conviction. Some analysts have tied it to miners shifting capacity toward AI workloads; Fidelity argues the drop could also reflect demand-response programs in grid-constrained regions such as Texas, where miners routinely power down during peak demand. Momentum and price structure still cautionary While the valuation picture looks constructive, momentum does not. Fidelity’s momentum signal turned negative on October 18, 2025, when BTC traded near $107,000. Since then Bitcoin has fallen roughly 36%, and much of Q1 2026 played out inside a range between $62,500 and $76,022 — a pattern Fidelity describes as consolidation rather than a renewed trend. “This signal is not designed to identify precise tops or bottoms,” the report notes, adding that the current reading points to stabilization rather than fresh upside momentum. NUPL: hope and historical upside — with big caveats Bitcoin’s net unrealized profit/loss (NUPL) sat at 0.21 at the end of Q1 2026, placing holders in the “Hope–Fear” zone. That implies some investors remain in profit, but the market hasn’t yet demonstrated broad conviction that a durable bottom is in place. Historically, Fidelity found periods when NUPL hovered around 0.21 (±0.01) were followed by strong returns: a median one-year return of 63% and a three-year compound annual growth rate of 74%. The firm, however, cautions these historical relationships can weaken or break down when macro forces dominate digital-asset flows. A tactical technical test from Jurrien Timmer On the tactical side, Fidelity’s Jurrien Timmer highlighted a chart showing Bitcoin testing the upper boundary of a potential bear flag. Timmer places BTC near $79,486 after its rebound from a February low around $60,033, with momentum indicators back in overbought territory. “Technical Analysis 101 states that when bear market rallies get overbought, it’s usually the kiss of death and time to sell,” Timmer wrote. “However, during bull markets overbought momentum means that the market is strong and likely to stay strong.” He added that if Bitcoin can’t be pulled down by the current combination of overbought momentum and trendline resistance, it would argue the move is the start of a new bull market rather than a bear-market rally — a hunch he says may be close to confirmation. At press time, BTC traded around $76,036. Fidelity’s verdict: valuation metrics are turning constructive, but negative momentum and narrow risk appetite mean the market is still in a corrective phase until clearer confirmation arrives. Read more AI-generated news on: undefined/news

Fidelity: Bitcoin Hits 'Undervalued' Accumulation Zone As Momentum Remains Negative

Fidelity Digital Assets says Bitcoin’s recent pullback has pushed the market into a zone that, historically, lines up with accumulation — even as momentum remains negative and broader crypto risk appetite is narrow. In its Signals Report for Q2 2026, Fidelity’s research team framed the market as still working through a corrective phase rather than launching a broad-based upswing. Bitcoin, the report notes, remains the primary source of unrealized profitability across the digital-asset complex, while other major tokens continue stabilizing after a sharp Q1 reset. Valuation signal flips “undervalued” Fidelity’s clearest bullish signal comes from its “Yardstick,” a valuation metric that compares Bitcoin’s market cap to hash rate. Falling prices and a pullback in hash rate have pushed the Yardstick into what Fidelity calls an “undervalued” zone — historically associated with accumulation and relative bottoms. Bitcoin spent 71 of the previous 91 days (78% of the period) below minus one standard deviation of the Yardstick’s mean. That state first showed up in October 2025 and was intensified by two cold-weather events in the U.S. that temporarily curtailed mining activity as operators reduced power usage to support local grid stability. Fidelity emphasizes that the hash-rate decline isn’t necessarily a simple sign of weakened miner conviction. Some analysts have tied it to miners shifting capacity toward AI workloads; Fidelity argues the drop could also reflect demand-response programs in grid-constrained regions such as Texas, where miners routinely power down during peak demand. Momentum and price structure still cautionary While the valuation picture looks constructive, momentum does not. Fidelity’s momentum signal turned negative on October 18, 2025, when BTC traded near $107,000. Since then Bitcoin has fallen roughly 36%, and much of Q1 2026 played out inside a range between $62,500 and $76,022 — a pattern Fidelity describes as consolidation rather than a renewed trend. “This signal is not designed to identify precise tops or bottoms,” the report notes, adding that the current reading points to stabilization rather than fresh upside momentum. NUPL: hope and historical upside — with big caveats Bitcoin’s net unrealized profit/loss (NUPL) sat at 0.21 at the end of Q1 2026, placing holders in the “Hope–Fear” zone. That implies some investors remain in profit, but the market hasn’t yet demonstrated broad conviction that a durable bottom is in place. Historically, Fidelity found periods when NUPL hovered around 0.21 (±0.01) were followed by strong returns: a median one-year return of 63% and a three-year compound annual growth rate of 74%. The firm, however, cautions these historical relationships can weaken or break down when macro forces dominate digital-asset flows. A tactical technical test from Jurrien Timmer On the tactical side, Fidelity’s Jurrien Timmer highlighted a chart showing Bitcoin testing the upper boundary of a potential bear flag. Timmer places BTC near $79,486 after its rebound from a February low around $60,033, with momentum indicators back in overbought territory. “Technical Analysis 101 states that when bear market rallies get overbought, it’s usually the kiss of death and time to sell,” Timmer wrote. “However, during bull markets overbought momentum means that the market is strong and likely to stay strong.” He added that if Bitcoin can’t be pulled down by the current combination of overbought momentum and trendline resistance, it would argue the move is the start of a new bull market rather than a bear-market rally — a hunch he says may be close to confirmation. At press time, BTC traded around $76,036. Fidelity’s verdict: valuation metrics are turning constructive, but negative momentum and narrow risk appetite mean the market is still in a corrective phase until clearer confirmation arrives. Read more AI-generated news on: undefined/news
Article
Bitcoin Nears Local Top Around $80K—Analysts Warn of Possible Slide Below $60KCrypto analyst Kaz warns Bitcoin is close to a local top and could tumble past the $60,000 mark, while fellow analyst Colin flags a resistance band that may cap the current relief rally. Kaz: local top forming, daily Fair Value Gap could trigger rejection - In a post on X, analyst Kaz argued Bitcoin is nearing a local top and has “limited upside” despite some market chatter about a sustained run toward $90,000. He pointed to the prior local top near $97,000 — where calls for $108,000 fell short — and said price was rejected from a daily Fair Value Gap (FVG) then, sparking a sharp decline. - Kaz sees the same setup developing now: a daily FVG in place and the potential for a rejection to form a local top in the $80,000–$82,000 area, likely during the first week of May. He expects the eventual rollover to be a “slow bleed” rather than an instant dump. - On lower timeframes, Kaz notes price has only swept the highs and has equal lows that are likely to be swept next. His chart shows a possible drop to roughly $56,000 on the next leg down, and he says he will add to his short if BTC clears the $80,000 range. - He also warned that a slide beneath the psychological $60,000 level would register as a fresh low for the current cycle. Colin: channel resistance, 200-day MA create tough overhead - Analyst Colin (also on X) describes Bitcoin trading inside a rising channel, with the upper boundary around $81,000 and the lower boundary near $72,000. A decisive break above the upper line would be bullish; a break below the lower boundary would be bearish. - Colin highlighted a convergence of resistance between $80,000 and $86,000 — including the 200-day moving average and the channel’s upper band — and called this zone the most likely area for BTC to lose upward momentum and cap the relief rally. - His accompanying analysis suggests that, after topping out, BTC could retrace to about $66,000. Market snapshot - At the time of writing, Bitcoin is trading around $75,600, off just over 2% in the past 24 hours, according to CoinMarketCap. Takeaway - Both analysts see limited upside near the low-$80ks and multiple technical resistances that could trigger a turn. Kaz warns of a potential deeper slide (as low as ~$56k) if BTC is rejected from the daily FVG, while Colin expects the relief rally to finish once it hits the $80k–$86k resistance band. Traders should watch the $80k range, the channel boundaries ($72k/$81k), and the $60k psychological level for clues on the next sustained move. Read more AI-generated news on: undefined/news

Bitcoin Nears Local Top Around $80K—Analysts Warn of Possible Slide Below $60K

Crypto analyst Kaz warns Bitcoin is close to a local top and could tumble past the $60,000 mark, while fellow analyst Colin flags a resistance band that may cap the current relief rally. Kaz: local top forming, daily Fair Value Gap could trigger rejection - In a post on X, analyst Kaz argued Bitcoin is nearing a local top and has “limited upside” despite some market chatter about a sustained run toward $90,000. He pointed to the prior local top near $97,000 — where calls for $108,000 fell short — and said price was rejected from a daily Fair Value Gap (FVG) then, sparking a sharp decline. - Kaz sees the same setup developing now: a daily FVG in place and the potential for a rejection to form a local top in the $80,000–$82,000 area, likely during the first week of May. He expects the eventual rollover to be a “slow bleed” rather than an instant dump. - On lower timeframes, Kaz notes price has only swept the highs and has equal lows that are likely to be swept next. His chart shows a possible drop to roughly $56,000 on the next leg down, and he says he will add to his short if BTC clears the $80,000 range. - He also warned that a slide beneath the psychological $60,000 level would register as a fresh low for the current cycle. Colin: channel resistance, 200-day MA create tough overhead - Analyst Colin (also on X) describes Bitcoin trading inside a rising channel, with the upper boundary around $81,000 and the lower boundary near $72,000. A decisive break above the upper line would be bullish; a break below the lower boundary would be bearish. - Colin highlighted a convergence of resistance between $80,000 and $86,000 — including the 200-day moving average and the channel’s upper band — and called this zone the most likely area for BTC to lose upward momentum and cap the relief rally. - His accompanying analysis suggests that, after topping out, BTC could retrace to about $66,000. Market snapshot - At the time of writing, Bitcoin is trading around $75,600, off just over 2% in the past 24 hours, according to CoinMarketCap. Takeaway - Both analysts see limited upside near the low-$80ks and multiple technical resistances that could trigger a turn. Kaz warns of a potential deeper slide (as low as ~$56k) if BTC is rejected from the daily FVG, while Colin expects the relief rally to finish once it hits the $80k–$86k resistance band. Traders should watch the $80k range, the channel boundaries ($72k/$81k), and the $60k psychological level for clues on the next sustained move. Read more AI-generated news on: undefined/news
Article
Bitcoin Slides After Powell; Meta Resumes USDC Payouts, Steak ’n Shake Builds BTC TreasuryMorning Minute — reworked for a crypto audience By Tyler Warner (opinions mine). Catch our new daily news show: five minutes, top stories — available on Apple Podcasts and Spotify. Top story: Bitcoin slips after Powell’s likely final FOMC Bitcoin sold off Wednesday as markets digested what is likely Jerome Powell’s last Federal Open Market Committee meeting as Fed chair. The FOMC voted 8–4 to hold the policy rate at 3.50–3.75%, with four dissents sending a clear message to incoming leadership: the committee won’t be monolithic. Powell surprised markets by saying he will remain on the Fed’s Board of Governors beyond May 15 for an unspecified period, citing ongoing legal fights with the Trump administration that have required court action. He also framed the macro backdrop as unusually difficult — four near-simultaneous supply shocks (COVID, the Ukraine war, tariffs, and tensions with Iran) that can push inflation and unemployment higher together. After his remarks, the market-implied odds of a 2026 rate cut plunged to about 1% (from roughly 25% a week ago), a development that tightened financial conditions and pressured risk assets including Bitcoin. Big Tech earnings: AI and cloud justify capex — but Meta lags Amazon, Alphabet, Microsoft and Meta reported Q1 results Wednesday. The headline: AI capital spending is starting to pay off, cloud growth is accelerating, and the long-running “is capex worth it?” question is tilting positive — with one notable exception. - Alphabet was the standout: Google Cloud revenue jumped 63% year-over-year to $20.1 billion, its fastest growth since 2022, driven by enterprise AI adoption. CEO Sundar Pichai said enterprise AI became the primary cloud growth driver in Q1. - All four megacaps beat earnings overall, but share reactions varied. - Meta raised its already-large 2026 capex guidance by another $10 billion and beat revenue, but its stock fell 6–7% in after-hours trading after missing user-growth expectations (Meta cited internet disruptions in Iran). The market appears to be parsing growth tradeoffs between heavy AI investment and near-term user metrics. Crypto corner: Meta quietly returns to crypto payouts Meta has started paying select creators in USDC, marking a careful return to crypto payments roughly four years after abandoning Libra. The rollout is small and specific: - Payouts currently limited to creators in Colombia and the Philippines. - USDC is distributed on Solana and Polygon; creators can link MetaMask, Phantom or Binance wallets to their Facebook payout account. - Stripe handles backend payments and crypto-specific tax reporting. - Meta is explicit it is not issuing its own stablecoin and is not providing an on-ramp/off-ramp — creators must convert USDC to local fiat via third-party exchanges themselves. Sky Protocol posts record quarter (but token lags) Sky Protocol — the new brand for MakerDAO — reported its best quarter since inception. The $13 billion protocol generated nearly $124 million in gross revenue and about $61 million in net revenue in Q1 2026, driven by growing institutional interest in on-chain yield and Sky’s real-world-asset collateral model. Revenue streams included loan stability fees, liquidation fees, and peg-stability module fees. Despite the milestone, the SKY governance token slipped about 2.4% — a reminder that protocol revenue and token market performance don’t always move in lockstep unless tokenomics explicitly convert revenue into token-holder value (e.g., buybacks, burns, or distributions). Retail crypto adoption: Steak ’n Shake’s Bitcoin experiment is working The 91-year-old burger chain Steak ’n Shake began accepting Bitcoin across all U.S. locations in May 2025 and has since seen a meaningful business impact: - Same-store sales “rose dramatically.” - Payment processing fees dropped roughly 50% compared to credit cards through Lightning Network payments. - Customer-paid Bitcoin goes straight into a Strategic Bitcoin Reserve rather than being cashed out. - The company formalized a $10 million treasury purchase in January, added another $10 million in April, and now holds about 210 BTC. - In March it began paying hourly employees a 21-cent-per-hour Bitcoin bonus funded from the reserve, and it recently launched a Bitcoin-themed milkshake. COO Dan Edwards frames the program as self-reinforcing: Bitcoin payments boost sales, Bitcoin revenue funds upgrades and bonuses, improved stores attract more customers — and the treasury grows. Steak ’n Shake’s experiment offers one of the clearest recent case studies in merchant-level crypto adoption and treasury strategy. That’s the Morning Minute. More analysis and context in the show — five minutes, all the top stories. Read more AI-generated news on: undefined/news

Bitcoin Slides After Powell; Meta Resumes USDC Payouts, Steak ’n Shake Builds BTC Treasury

Morning Minute — reworked for a crypto audience By Tyler Warner (opinions mine). Catch our new daily news show: five minutes, top stories — available on Apple Podcasts and Spotify. Top story: Bitcoin slips after Powell’s likely final FOMC Bitcoin sold off Wednesday as markets digested what is likely Jerome Powell’s last Federal Open Market Committee meeting as Fed chair. The FOMC voted 8–4 to hold the policy rate at 3.50–3.75%, with four dissents sending a clear message to incoming leadership: the committee won’t be monolithic. Powell surprised markets by saying he will remain on the Fed’s Board of Governors beyond May 15 for an unspecified period, citing ongoing legal fights with the Trump administration that have required court action. He also framed the macro backdrop as unusually difficult — four near-simultaneous supply shocks (COVID, the Ukraine war, tariffs, and tensions with Iran) that can push inflation and unemployment higher together. After his remarks, the market-implied odds of a 2026 rate cut plunged to about 1% (from roughly 25% a week ago), a development that tightened financial conditions and pressured risk assets including Bitcoin. Big Tech earnings: AI and cloud justify capex — but Meta lags Amazon, Alphabet, Microsoft and Meta reported Q1 results Wednesday. The headline: AI capital spending is starting to pay off, cloud growth is accelerating, and the long-running “is capex worth it?” question is tilting positive — with one notable exception. - Alphabet was the standout: Google Cloud revenue jumped 63% year-over-year to $20.1 billion, its fastest growth since 2022, driven by enterprise AI adoption. CEO Sundar Pichai said enterprise AI became the primary cloud growth driver in Q1. - All four megacaps beat earnings overall, but share reactions varied. - Meta raised its already-large 2026 capex guidance by another $10 billion and beat revenue, but its stock fell 6–7% in after-hours trading after missing user-growth expectations (Meta cited internet disruptions in Iran). The market appears to be parsing growth tradeoffs between heavy AI investment and near-term user metrics. Crypto corner: Meta quietly returns to crypto payouts Meta has started paying select creators in USDC, marking a careful return to crypto payments roughly four years after abandoning Libra. The rollout is small and specific: - Payouts currently limited to creators in Colombia and the Philippines. - USDC is distributed on Solana and Polygon; creators can link MetaMask, Phantom or Binance wallets to their Facebook payout account. - Stripe handles backend payments and crypto-specific tax reporting. - Meta is explicit it is not issuing its own stablecoin and is not providing an on-ramp/off-ramp — creators must convert USDC to local fiat via third-party exchanges themselves. Sky Protocol posts record quarter (but token lags) Sky Protocol — the new brand for MakerDAO — reported its best quarter since inception. The $13 billion protocol generated nearly $124 million in gross revenue and about $61 million in net revenue in Q1 2026, driven by growing institutional interest in on-chain yield and Sky’s real-world-asset collateral model. Revenue streams included loan stability fees, liquidation fees, and peg-stability module fees. Despite the milestone, the SKY governance token slipped about 2.4% — a reminder that protocol revenue and token market performance don’t always move in lockstep unless tokenomics explicitly convert revenue into token-holder value (e.g., buybacks, burns, or distributions). Retail crypto adoption: Steak ’n Shake’s Bitcoin experiment is working The 91-year-old burger chain Steak ’n Shake began accepting Bitcoin across all U.S. locations in May 2025 and has since seen a meaningful business impact: - Same-store sales “rose dramatically.” - Payment processing fees dropped roughly 50% compared to credit cards through Lightning Network payments. - Customer-paid Bitcoin goes straight into a Strategic Bitcoin Reserve rather than being cashed out. - The company formalized a $10 million treasury purchase in January, added another $10 million in April, and now holds about 210 BTC. - In March it began paying hourly employees a 21-cent-per-hour Bitcoin bonus funded from the reserve, and it recently launched a Bitcoin-themed milkshake. COO Dan Edwards frames the program as self-reinforcing: Bitcoin payments boost sales, Bitcoin revenue funds upgrades and bonuses, improved stores attract more customers — and the treasury grows. Steak ’n Shake’s experiment offers one of the clearest recent case studies in merchant-level crypto adoption and treasury strategy. That’s the Morning Minute. More analysis and context in the show — five minutes, all the top stories. Read more AI-generated news on: undefined/news
Article
Shinhan Card Pilots Stablecoin Retail Payments on Solana, Tests Non-Custodial WalletsShinhan Card has teamed up with the Solana Foundation to pilot stablecoin payments on Solana’s blockchain, launching an advanced proof-of-concept that simulates everyday customer-to-merchant transactions on Solana’s testnet. What the trial covers - The PoC recreates real-world retail interactions to see how stablecoin payments perform under practical conditions and to benchmark system throughput and stability. - A key focus is on non-custodial wallets: Shinhan Card is testing security and operational resilience as a prerequisite for scaling blockchain-based payments across its network. - The project will also explore hybrid finance models that blend traditional banking features with decentralized finance (DeFi) protocols. Shinhan’s plan and tech stack “Building on Solana, we plan to closely examine the practical applicability of blockchain technology and proactively explore next-generation financial models,” said Kim Young-il, executive vice president of Shinhan Card. The company says it will develop a DeFi service environment that uses oracle technology to feed real-world transaction data into blockchain systems, enabling smart contract execution while retaining monitoring and governance controls to preserve operational stability. Regulatory and regional context Shinhan will evaluate pilot results in step with regulatory developments across South Korea and the Asia-Pacific region. South Korean lawmakers are drafting the Digital Asset Basic Act, a comprehensive framework expected to be finalized later this year, which is spurring increased fintech and crypto activity in the country. Related industry and government moves - Financial-sector activity is accelerating: KBank, a partner of crypto exchange Upbit, has previously announced a collaboration with Ripple to test blockchain-based cross-border remittances. - Government-backed blockchain trials are also expanding into public finance. The Ministry of Economy and Finance selected a regulatory sandbox project to use tokenized deposits for managing government spending, with a rollout targeted for Q4 2026. - The system will debut in Sejong City, replacing government-issued cards for official expenses and allowing authorities to predefine spending conditions (time limits, usage categories) to improve oversight. - Nine banks, including Shinhan, will participate in issuing and managing the tokenized deposits, linking the government’s Digital Budget and Accounting System to blockchain records. Officials expect the setup to reduce fund misuse and shorten settlement times while keeping deposits inside the traditional banking system. Why it matters The Shinhan–Solana test is a notable example of a major traditional payments firm actively probing blockchain primitives—stablecoins, non-custodial wallets, oracles and smart contracts—for mainstream payment use cases. Its outcomes, especially amid evolving regulation in South Korea, could influence how quickly financial institutions integrate crypto rails into everyday commerce. Read more AI-generated news on: undefined/news

Shinhan Card Pilots Stablecoin Retail Payments on Solana, Tests Non-Custodial Wallets

Shinhan Card has teamed up with the Solana Foundation to pilot stablecoin payments on Solana’s blockchain, launching an advanced proof-of-concept that simulates everyday customer-to-merchant transactions on Solana’s testnet. What the trial covers - The PoC recreates real-world retail interactions to see how stablecoin payments perform under practical conditions and to benchmark system throughput and stability. - A key focus is on non-custodial wallets: Shinhan Card is testing security and operational resilience as a prerequisite for scaling blockchain-based payments across its network. - The project will also explore hybrid finance models that blend traditional banking features with decentralized finance (DeFi) protocols. Shinhan’s plan and tech stack “Building on Solana, we plan to closely examine the practical applicability of blockchain technology and proactively explore next-generation financial models,” said Kim Young-il, executive vice president of Shinhan Card. The company says it will develop a DeFi service environment that uses oracle technology to feed real-world transaction data into blockchain systems, enabling smart contract execution while retaining monitoring and governance controls to preserve operational stability. Regulatory and regional context Shinhan will evaluate pilot results in step with regulatory developments across South Korea and the Asia-Pacific region. South Korean lawmakers are drafting the Digital Asset Basic Act, a comprehensive framework expected to be finalized later this year, which is spurring increased fintech and crypto activity in the country. Related industry and government moves - Financial-sector activity is accelerating: KBank, a partner of crypto exchange Upbit, has previously announced a collaboration with Ripple to test blockchain-based cross-border remittances. - Government-backed blockchain trials are also expanding into public finance. The Ministry of Economy and Finance selected a regulatory sandbox project to use tokenized deposits for managing government spending, with a rollout targeted for Q4 2026. - The system will debut in Sejong City, replacing government-issued cards for official expenses and allowing authorities to predefine spending conditions (time limits, usage categories) to improve oversight. - Nine banks, including Shinhan, will participate in issuing and managing the tokenized deposits, linking the government’s Digital Budget and Accounting System to blockchain records. Officials expect the setup to reduce fund misuse and shorten settlement times while keeping deposits inside the traditional banking system. Why it matters The Shinhan–Solana test is a notable example of a major traditional payments firm actively probing blockchain primitives—stablecoins, non-custodial wallets, oracles and smart contracts—for mainstream payment use cases. Its outcomes, especially amid evolving regulation in South Korea, could influence how quickly financial institutions integrate crypto rails into everyday commerce. Read more AI-generated news on: undefined/news
Article
Meteora Loses $1.5M to OTC Scam During MET Buybacks, Reports $32.8M TreasuryMeteora reveals $1.5M OTC scam loss while executing MET buybacks in Q1 Meteora disclosed a $1.5 million loss tied to an over-the-counter (OTC) scam in its Q1 2026 Token Holders’ Report, saying the theft occurred during an attempt to buy back MET tokens. The team reported it has filed a police report with local authorities but did not identify the alleged scammer or indicate whether any funds might be recovered. The scam accounts for part of $2.5 million in MET-related outflows for the quarter—$1 million of which was spent on buybacks and $1.5 million lost to the scam. The $1 million buyback purchased roughly 7 million MET at an average price of $0.1427. Cumulative buybacks now total $13.7 million, representing 3.97% of MET’s total supply. Broader Q1 financials - Cash outflows: $7.0 million in Q1 2026, down sharply from $30.8 million in Q4 2025—Meteora attributed the decline to fewer one-off TGE-related costs and reduced large capital investments. - Cash inflows: $25.4 million, up 30% quarter-over-quarter. Net cash flow for the quarter was $18.3 million. - Treasury: closed Q1 at $32.8 million, which Meteora says provides more than two years of runway at current burn rates. - Monthly operational burn: $1.4 million, about 10% lower than the FY2025 run rate. Trading and revenue performance - Trading volume: $19.5 billion in Q1, down 36% from Q4 2025. - Total fees: $105.9 million, down 51% quarter-over-quarter. - Revenue: $11.4 million, down 35% QoQ—Meteora noted revenue held up relatively better than fees as market activity cooled. - Product mix: DLMM handled 86% of volume and 54% of fees; DAMM and DBC pool fees rose 18% from Q4. Community reaction The disclosure drew attention on X (formerly Twitter) after crypto user Dr. Zuler highlighted the loss, posting, “Not sure how to feel about this,” and observing that few teams would publicly share such details. Takeaway Meteora’s Q1 report mixes reassuring liquidity metrics—positive net cash flow, a multi-year runway, and ongoing buybacks—with a notable operational hiccup in the form of an OTC scam. The team has been transparent about the incident but has provided limited detail on the circumstances or prospects for recovery. Read more AI-generated news on: undefined/news

Meteora Loses $1.5M to OTC Scam During MET Buybacks, Reports $32.8M Treasury

Meteora reveals $1.5M OTC scam loss while executing MET buybacks in Q1 Meteora disclosed a $1.5 million loss tied to an over-the-counter (OTC) scam in its Q1 2026 Token Holders’ Report, saying the theft occurred during an attempt to buy back MET tokens. The team reported it has filed a police report with local authorities but did not identify the alleged scammer or indicate whether any funds might be recovered. The scam accounts for part of $2.5 million in MET-related outflows for the quarter—$1 million of which was spent on buybacks and $1.5 million lost to the scam. The $1 million buyback purchased roughly 7 million MET at an average price of $0.1427. Cumulative buybacks now total $13.7 million, representing 3.97% of MET’s total supply. Broader Q1 financials - Cash outflows: $7.0 million in Q1 2026, down sharply from $30.8 million in Q4 2025—Meteora attributed the decline to fewer one-off TGE-related costs and reduced large capital investments. - Cash inflows: $25.4 million, up 30% quarter-over-quarter. Net cash flow for the quarter was $18.3 million. - Treasury: closed Q1 at $32.8 million, which Meteora says provides more than two years of runway at current burn rates. - Monthly operational burn: $1.4 million, about 10% lower than the FY2025 run rate. Trading and revenue performance - Trading volume: $19.5 billion in Q1, down 36% from Q4 2025. - Total fees: $105.9 million, down 51% quarter-over-quarter. - Revenue: $11.4 million, down 35% QoQ—Meteora noted revenue held up relatively better than fees as market activity cooled. - Product mix: DLMM handled 86% of volume and 54% of fees; DAMM and DBC pool fees rose 18% from Q4. Community reaction The disclosure drew attention on X (formerly Twitter) after crypto user Dr. Zuler highlighted the loss, posting, “Not sure how to feel about this,” and observing that few teams would publicly share such details. Takeaway Meteora’s Q1 report mixes reassuring liquidity metrics—positive net cash flow, a multi-year runway, and ongoing buybacks—with a notable operational hiccup in the form of an OTC scam. The team has been transparent about the incident but has provided limited detail on the circumstances or prospects for recovery. Read more AI-generated news on: undefined/news
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Draft: Australia Eyes Stablecoin-Ready Payment Rails for Tokenised Fiat InteroperabilityAustralia’s future payment rails could soon be built to handle stablecoins and other forms of tokenised fiat, according to a new draft vision aimed at guiding the nation’s account-to-account systems. The draft — produced by the Account-to-Account Payments Roundtable (a group that includes AusPayNet, Australian Payments Plus, the Reserve Bank of Australia and the Commonwealth Treasury) — explicitly calls out digital assets as a force likely to reshape how Australians pay and how payments settle. It notes that “tokenised forms of money, such as stablecoins and tokenised liabilities, are moving from experimentation to adoption,” and that programmable, ledger-based value could enable new settlement models with broader availability and greater automation. A central recommendation is that account-to-account rails may need to support “secure interoperability between account-based money and tokenised representations of fiat currency.” In practice, that would let funds move more seamlessly between traditional bank deposits and tokenised versions of fiat money — but the draft stresses that trust, reliability and security must remain core design principles for any changes. The paper arrives as Australia accelerates practical work and regulation around tokenised money. In July 2025 the RBA and the Digital Finance Cooperative Research Centre selected use cases for Project Acacia, an initiative examining settlement in tokenised asset markets. The RBA has said possible settlement assets under study include stablecoins, bank deposit tokens, a pilot wholesale central bank digital currency (CBDC) and exchange settlement account tools. Separately, Australia’s Treasury has proposed new digital-asset legislation (introduced in November) that would create regulated categories for digital asset platforms and tokenised custody platforms, treating them as financial products that require an Australian Financial Services Licence (AFSL). Taken together, the draft vision and parallel projects signal Australia’s payments ecosystem preparing to integrate tokenised money — while insisting any transition must protect the fundamentals of a trusted, secure payments system. Read more AI-generated news on: undefined/news

Draft: Australia Eyes Stablecoin-Ready Payment Rails for Tokenised Fiat Interoperability

Australia’s future payment rails could soon be built to handle stablecoins and other forms of tokenised fiat, according to a new draft vision aimed at guiding the nation’s account-to-account systems. The draft — produced by the Account-to-Account Payments Roundtable (a group that includes AusPayNet, Australian Payments Plus, the Reserve Bank of Australia and the Commonwealth Treasury) — explicitly calls out digital assets as a force likely to reshape how Australians pay and how payments settle. It notes that “tokenised forms of money, such as stablecoins and tokenised liabilities, are moving from experimentation to adoption,” and that programmable, ledger-based value could enable new settlement models with broader availability and greater automation. A central recommendation is that account-to-account rails may need to support “secure interoperability between account-based money and tokenised representations of fiat currency.” In practice, that would let funds move more seamlessly between traditional bank deposits and tokenised versions of fiat money — but the draft stresses that trust, reliability and security must remain core design principles for any changes. The paper arrives as Australia accelerates practical work and regulation around tokenised money. In July 2025 the RBA and the Digital Finance Cooperative Research Centre selected use cases for Project Acacia, an initiative examining settlement in tokenised asset markets. The RBA has said possible settlement assets under study include stablecoins, bank deposit tokens, a pilot wholesale central bank digital currency (CBDC) and exchange settlement account tools. Separately, Australia’s Treasury has proposed new digital-asset legislation (introduced in November) that would create regulated categories for digital asset platforms and tokenised custody platforms, treating them as financial products that require an Australian Financial Services Licence (AFSL). Taken together, the draft vision and parallel projects signal Australia’s payments ecosystem preparing to integrate tokenised money — while insisting any transition must protect the fundamentals of a trusted, secure payments system. Read more AI-generated news on: undefined/news
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Google's AI Payoff, Meta's Struggle — Big Tech's $725B Cloud Buildout Could Reshape CryptoHeadline: Big Tech’s AI Gamble: Google Sees Returns, Meta Struggles to Convince Investors — What it Means for Crypto Alphabet is beginning to show tangible returns from its AI investments while Meta still faces investor skepticism — news that landed minutes apart as Alphabet, Meta, Amazon and Microsoft all reported quarterly results. Together, these companies are driving a global AI infrastructure buildout that analysts say could run into the trillions, and their capital plans now loom large for markets and for crypto projects that depend on cloud compute and model services. Key takeaways - Alphabet and Meta each added another $10 billion to their capital expenditure plans, pushing combined outlays among the four companies to as much as $725 billion for 2026. - Alphabet delivered a standout quarter: Google Cloud posted $20 billion in revenue (versus $18.4 billion expected), and the company said its contracted backlog nearly doubled quarter-over-quarter to more than $460 billion. CEO Sundar Pichai highlighted strong momentum for AI models and called the period “the best yet” for consumer products like the Gemini app. Alphabet shares jumped about 6.6% in after-hours trading. - Meta’s stock slid more than 6% after the company raised its full-year capex outlook to as much as $145 billion, citing higher component costs. Investors remain wary because Meta lacks a cloud business on par with rivals and has yet to show broad consumer traction for standalone AI apps. CEO Mark Zuckerberg admitted the company doesn’t yet have “a very precise plan” for how each AI product will evolve. - Amazon Web Services — often treated as a proxy for enterprise AI adoption — grew cloud revenue 28% year over year, its fastest pace since mid-2022. Amazon’s position is reinforced by partnerships with AI developers including OpenAI and Anthropic; reports surfaced that Anthropic is exploring a new funding round with a potential valuation north of $900 billion. - Microsoft signaled continued Azure momentum, forecasting roughly 40% Azure revenue growth in the current quarter. Paid subscriptions for Copilot rose to 20 million from 15 million the prior quarter, but broader Office monetization remains limited. Investor reaction to Microsoft’s results was muted. Voices from the quarter - Sundar Pichai: “Our AI models have great momentum. We are bringing helpful AI into the hands of billions of people every day.” - Mark Zuckerberg acknowledged development uncertainty, warning his answers might be “unfulfilling” as products evolve. - Industry watchers noted that while the potential payoff of AI leadership is enormous, investors must weigh huge upfront spending against long-term gains. Why this matters to crypto The massive AI capital buildout affects more than just ad and cloud markets — it shapes the compute ecosystem that many web3 projects rely on. Large-scale AI training and inference demand GPUs, custom accelerators and cloud capacity, which can influence compute availability and pricing across sectors (including decentralized compute, NFT marketplaces integrating AI features, and tokenized AI services). As Big Tech firms vie for model leadership, opportunities may open for crypto-native infrastructure and marketplaces to provide alternative compute, data services, or privacy-first AI integrations — but those playbooks will need to prove returns just as the incumbents are being judged. Bottom line Alphabet is beginning to translate AI investments into concrete revenue gains, while Meta must do more to convince investors its heavy spending will pay off. Amazon and Microsoft continue to show solid cloud demand, but adoption of paid AI features remains a work in progress. For crypto builders and investors, the unfolding AI infrastructure race will be a key variable shaping where and how on-chain and off-chain projects compute, store data, and deploy intelligent services. Read more AI-generated news on: undefined/news

Google's AI Payoff, Meta's Struggle — Big Tech's $725B Cloud Buildout Could Reshape Crypto

Headline: Big Tech’s AI Gamble: Google Sees Returns, Meta Struggles to Convince Investors — What it Means for Crypto Alphabet is beginning to show tangible returns from its AI investments while Meta still faces investor skepticism — news that landed minutes apart as Alphabet, Meta, Amazon and Microsoft all reported quarterly results. Together, these companies are driving a global AI infrastructure buildout that analysts say could run into the trillions, and their capital plans now loom large for markets and for crypto projects that depend on cloud compute and model services. Key takeaways - Alphabet and Meta each added another $10 billion to their capital expenditure plans, pushing combined outlays among the four companies to as much as $725 billion for 2026. - Alphabet delivered a standout quarter: Google Cloud posted $20 billion in revenue (versus $18.4 billion expected), and the company said its contracted backlog nearly doubled quarter-over-quarter to more than $460 billion. CEO Sundar Pichai highlighted strong momentum for AI models and called the period “the best yet” for consumer products like the Gemini app. Alphabet shares jumped about 6.6% in after-hours trading. - Meta’s stock slid more than 6% after the company raised its full-year capex outlook to as much as $145 billion, citing higher component costs. Investors remain wary because Meta lacks a cloud business on par with rivals and has yet to show broad consumer traction for standalone AI apps. CEO Mark Zuckerberg admitted the company doesn’t yet have “a very precise plan” for how each AI product will evolve. - Amazon Web Services — often treated as a proxy for enterprise AI adoption — grew cloud revenue 28% year over year, its fastest pace since mid-2022. Amazon’s position is reinforced by partnerships with AI developers including OpenAI and Anthropic; reports surfaced that Anthropic is exploring a new funding round with a potential valuation north of $900 billion. - Microsoft signaled continued Azure momentum, forecasting roughly 40% Azure revenue growth in the current quarter. Paid subscriptions for Copilot rose to 20 million from 15 million the prior quarter, but broader Office monetization remains limited. Investor reaction to Microsoft’s results was muted. Voices from the quarter - Sundar Pichai: “Our AI models have great momentum. We are bringing helpful AI into the hands of billions of people every day.” - Mark Zuckerberg acknowledged development uncertainty, warning his answers might be “unfulfilling” as products evolve. - Industry watchers noted that while the potential payoff of AI leadership is enormous, investors must weigh huge upfront spending against long-term gains. Why this matters to crypto The massive AI capital buildout affects more than just ad and cloud markets — it shapes the compute ecosystem that many web3 projects rely on. Large-scale AI training and inference demand GPUs, custom accelerators and cloud capacity, which can influence compute availability and pricing across sectors (including decentralized compute, NFT marketplaces integrating AI features, and tokenized AI services). As Big Tech firms vie for model leadership, opportunities may open for crypto-native infrastructure and marketplaces to provide alternative compute, data services, or privacy-first AI integrations — but those playbooks will need to prove returns just as the incumbents are being judged. Bottom line Alphabet is beginning to translate AI investments into concrete revenue gains, while Meta must do more to convince investors its heavy spending will pay off. Amazon and Microsoft continue to show solid cloud demand, but adoption of paid AI features remains a work in progress. For crypto builders and investors, the unfolding AI infrastructure race will be a key variable shaping where and how on-chain and off-chain projects compute, store data, and deploy intelligent services. Read more AI-generated news on: undefined/news
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MegaETH Launches MEGA After USDM Milestone — 53.3% of Supply Released Via KPI RewardsMegaETH’s long-awaited MEGA token has officially hit the market after the Ethereum scaling project completed a seven-day countdown and cleared its first ecosystem milestone. What happened - The project confirmed the launch with a post on X announcing “MEGA — Now Trading,” and said all tokens would be distributed to users by 7:00 a.m. ET. The token generation event kicked off only after MegaETH met a key performance target — an explicit condition the team set to ensure real onchain activity before the token drop. Milestone mechanics and apps - MegaETH required measurable user activity tied to its native stablecoin, USDM, before initiating the final countdown. Ten “Mega Mafia” apps went live and met the project’s initial KPI threshold, providing the usage data that unlocked the TGE. USDM — co-developed with Ethena — was central to that test of real-world demand. Tokenomics and distribution - MEGA is a fixed-supply token with 10 billion units. Rather than relying on conventional time‑based vesting schedules, MegaETH has tied 53.3% of the total supply to performance-based staking rewards. In other words, a large share of future supply will be released according to KPI-linked targets, aligning token issuance with network activity and growth. Exchange listings and market debut - Trading began across multiple venues after the token generation event. Binance listed MEGA for spot trading at 11:00 UTC with a seed tag; KuCoin and Bitget announced spot trading from the same start time, and additional platforms have shared listing plans. Network traction and strategy - MegaETH is positioned as a high-performance Ethereum scaling network aimed at real-time onchain applications. Its USDM supply — a key liquidity and usage indicator — jumped from roughly $62.9 million last week to more than $300 million during the MEGA launch period. Co‑founder Namik Muduroglu called the launch “very intense.” - Longer term, the MegaETH Foundation said it intends to use USDM revenue to buy up MEGA tokens, creating a feedback loop that ties stablecoin activity and network usage to token demand. Why it matters - By conditioning token issuance on measurable onchain activity and routing a majority of supply through performance-based reward mechanisms, MegaETH is betting on usage-driven growth rather than time‑locked allocations. The market will now test whether that alignment creates sustainable demand and utility for MEGA as trading ramps up. Read more AI-generated news on: undefined/news

MegaETH Launches MEGA After USDM Milestone — 53.3% of Supply Released Via KPI Rewards

MegaETH’s long-awaited MEGA token has officially hit the market after the Ethereum scaling project completed a seven-day countdown and cleared its first ecosystem milestone. What happened - The project confirmed the launch with a post on X announcing “MEGA — Now Trading,” and said all tokens would be distributed to users by 7:00 a.m. ET. The token generation event kicked off only after MegaETH met a key performance target — an explicit condition the team set to ensure real onchain activity before the token drop. Milestone mechanics and apps - MegaETH required measurable user activity tied to its native stablecoin, USDM, before initiating the final countdown. Ten “Mega Mafia” apps went live and met the project’s initial KPI threshold, providing the usage data that unlocked the TGE. USDM — co-developed with Ethena — was central to that test of real-world demand. Tokenomics and distribution - MEGA is a fixed-supply token with 10 billion units. Rather than relying on conventional time‑based vesting schedules, MegaETH has tied 53.3% of the total supply to performance-based staking rewards. In other words, a large share of future supply will be released according to KPI-linked targets, aligning token issuance with network activity and growth. Exchange listings and market debut - Trading began across multiple venues after the token generation event. Binance listed MEGA for spot trading at 11:00 UTC with a seed tag; KuCoin and Bitget announced spot trading from the same start time, and additional platforms have shared listing plans. Network traction and strategy - MegaETH is positioned as a high-performance Ethereum scaling network aimed at real-time onchain applications. Its USDM supply — a key liquidity and usage indicator — jumped from roughly $62.9 million last week to more than $300 million during the MEGA launch period. Co‑founder Namik Muduroglu called the launch “very intense.” - Longer term, the MegaETH Foundation said it intends to use USDM revenue to buy up MEGA tokens, creating a feedback loop that ties stablecoin activity and network usage to token demand. Why it matters - By conditioning token issuance on measurable onchain activity and routing a majority of supply through performance-based reward mechanisms, MegaETH is betting on usage-driven growth rather than time‑locked allocations. The market will now test whether that alignment creates sustainable demand and utility for MEGA as trading ramps up. Read more AI-generated news on: undefined/news
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Coinbase to Delist DAI on May 4, 2026 — Remaining DAI Auto-Converted to USDS; Withdraw NowCoinbase to delist DAI — users warned to act before May 4, 2026 deadline Coinbase has announced it will stop supporting Dai (DAI) on May 4, 2026, as part of its routine asset review process. The Ethereum-based stablecoin tied to the MakerDAO ecosystem will be converted automatically to Coinbase’s USDS stablecoin at a 1:1 rate for any DAI left on the exchange after the deadline. Key details - Trading for DAI will be disabled on Coinbase.com and the Coinbase mobile app on May 4, 2026. - Send and receive support for DAI will be temporarily paused from May 4 through May 6. - Any DAI remaining on Coinbase after May 4 will be migrated to USDS at a 1:1 conversion. - Users who prefer to avoid the automatic conversion should withdraw their DAI to a compatible self‑custody wallet before the deadline. - Selected users in EEA regions will not have DAI migrated; affected customers may need to move funds before trading or transfer limits take effect. Other asset changes - Coinbase will suspend trading for Chrono.tech’s TIME token on May 11 at 2:00 p.m. ET across Coinbase Simple Trade, Advanced Trade, Coinbase Exchange, and Coinbase Prime. - Trading for TrueFi’s TRU token has already been disabled ahead of its May 10 migration deadline. Why this matters Coinbase periodically reviews listed assets to ensure they continue to meet the exchange’s standards. These delistings and migrations show the platform is actively pruning its listings even as it rolls out new products. Platform expansions and listings - On April 29, Coinbase launched perpetual futures tied to AI infrastructure and compute companies, listing markets including AMD, Arm, Intel, Micron Technology, and SanDisk. - Coinbase also added support for Gensyn and Virtuals Protocol on its main platform and mobile app. - Upcoming additions include support for MegaETH’s MEGA token, and spot trading for Wrapped Ronin was expected to go live on April 30. Bottom line If you hold DAI on Coinbase and don’t want it converted to USDS, move it to a self‑custody wallet before May 4, 2026. The deadline is the key date for stablecoin users as Coinbase continues to rebalance supported assets while expanding new products. Read more AI-generated news on: undefined/news

Coinbase to Delist DAI on May 4, 2026 — Remaining DAI Auto-Converted to USDS; Withdraw Now

Coinbase to delist DAI — users warned to act before May 4, 2026 deadline Coinbase has announced it will stop supporting Dai (DAI) on May 4, 2026, as part of its routine asset review process. The Ethereum-based stablecoin tied to the MakerDAO ecosystem will be converted automatically to Coinbase’s USDS stablecoin at a 1:1 rate for any DAI left on the exchange after the deadline. Key details - Trading for DAI will be disabled on Coinbase.com and the Coinbase mobile app on May 4, 2026. - Send and receive support for DAI will be temporarily paused from May 4 through May 6. - Any DAI remaining on Coinbase after May 4 will be migrated to USDS at a 1:1 conversion. - Users who prefer to avoid the automatic conversion should withdraw their DAI to a compatible self‑custody wallet before the deadline. - Selected users in EEA regions will not have DAI migrated; affected customers may need to move funds before trading or transfer limits take effect. Other asset changes - Coinbase will suspend trading for Chrono.tech’s TIME token on May 11 at 2:00 p.m. ET across Coinbase Simple Trade, Advanced Trade, Coinbase Exchange, and Coinbase Prime. - Trading for TrueFi’s TRU token has already been disabled ahead of its May 10 migration deadline. Why this matters Coinbase periodically reviews listed assets to ensure they continue to meet the exchange’s standards. These delistings and migrations show the platform is actively pruning its listings even as it rolls out new products. Platform expansions and listings - On April 29, Coinbase launched perpetual futures tied to AI infrastructure and compute companies, listing markets including AMD, Arm, Intel, Micron Technology, and SanDisk. - Coinbase also added support for Gensyn and Virtuals Protocol on its main platform and mobile app. - Upcoming additions include support for MegaETH’s MEGA token, and spot trading for Wrapped Ronin was expected to go live on April 30. Bottom line If you hold DAI on Coinbase and don’t want it converted to USDS, move it to a self‑custody wallet before May 4, 2026. The deadline is the key date for stablecoin users as Coinbase continues to rebalance supported assets while expanding new products. Read more AI-generated news on: undefined/news
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Oman Launches Muscat AI Zone, Offers Free-Zone Incentives for Crypto and Web3 FirmsOman has taken a concrete step to turn its AI ambitions into reality: a Royal Decree from Sultan Haitham bin Tarik has established a Special Artificial Intelligence Zone in the Muscat governorate. Framed as a key pillar of Oman’s Vision 2040, the new zone is intended to give the country a focused regulatory and investment environment for AI development and deployment. What the decree does - The Public Authority for Special Economic Zones and Free Zones (OPAZ) will appoint an operator to manage the zone’s development and daily operations. - Planning and oversight will be coordinated with the Ministry of Transport, Communications, and Information Technology, linking infrastructure and digital policy from the start. - Companies located in the zone will be eligible for incentives already available under Oman’s free zone framework, including tax exemptions and other operational benefits designed to lower entry barriers. Strategic goals and sector focus The Special AI Zone is part of the National Programme for Artificial Intelligence and Advanced Digital Technologies, which underpins Oman’s economic diversification. Authorities say the zone will accelerate AI adoption across priority sectors where automation and data-driven improvements can yield quick gains: logistics, healthcare, oil and gas, financial services and urban development. Why this matters for tech and crypto communities For crypto, blockchain and Web3 startups, the new zone could be noteworthy. Free-zone incentives, a defined regulatory framework, and explicit government backing for advanced digital tech make Muscat a candidate for firms seeking a Gulf base that supports both AI and data-driven services. Potential synergies include: - AI-model training and data marketplaces that can pair with tokenized access or decentralized governance; - Logistics and supply-chain pilots combining AI optimization with blockchain provenance; - Financial-services innovation where AI risk models meet crypto-native products (subject to Oman’s evolving fintech and crypto rules). Oman’s starting point and the road ahead Compared with regional AI leaders, Oman’s current research and patent output remains modest. Muscat has, however, been the focal point of local capacity-building: telecom operator Omantel, Sultan Qaboos University and emerging innovation hubs have already hosted pilot programmes and research initiatives. Officials emphasize collaboration between the public and private sectors, and prioritize startup development, applied research and localised AI solutions. Challenges and opportunities Policymakers acknowledge the country’s small current base but argue that with clearer regulation and stronger investment flows, Oman could scale rapidly. Execution will be the defining factor: how quickly governance structures are established, how effectively the zone attracts major international players, and whether incentives translate into sustainable local capabilities will determine the near-term impact. Regional context Oman joins a growing list of Gulf states building specialised technology zones to attract capital, talent and expertise in emerging tech. The strategy is dual-purpose: to bring foreign investment and know-how in, while developing domestic capabilities and reducing long-term reliance on external providers. Authorities say the zone is designed to support digital self-sufficiency and integrate Oman into global innovation networks—positioning Muscat as a regional tech hub. Bottom line The Royal Decree sets a clear course: Oman is formalizing an AI-focused economic zone with industry incentives and institutional backing. For crypto and Web3 observers, the move signals a potential new node in the Gulf tech landscape—one to watch for future partnerships, pilots and regional expansion as the zone’s governance and incentives take shape. Read more AI-generated news on: undefined/news

Oman Launches Muscat AI Zone, Offers Free-Zone Incentives for Crypto and Web3 Firms

Oman has taken a concrete step to turn its AI ambitions into reality: a Royal Decree from Sultan Haitham bin Tarik has established a Special Artificial Intelligence Zone in the Muscat governorate. Framed as a key pillar of Oman’s Vision 2040, the new zone is intended to give the country a focused regulatory and investment environment for AI development and deployment. What the decree does - The Public Authority for Special Economic Zones and Free Zones (OPAZ) will appoint an operator to manage the zone’s development and daily operations. - Planning and oversight will be coordinated with the Ministry of Transport, Communications, and Information Technology, linking infrastructure and digital policy from the start. - Companies located in the zone will be eligible for incentives already available under Oman’s free zone framework, including tax exemptions and other operational benefits designed to lower entry barriers. Strategic goals and sector focus The Special AI Zone is part of the National Programme for Artificial Intelligence and Advanced Digital Technologies, which underpins Oman’s economic diversification. Authorities say the zone will accelerate AI adoption across priority sectors where automation and data-driven improvements can yield quick gains: logistics, healthcare, oil and gas, financial services and urban development. Why this matters for tech and crypto communities For crypto, blockchain and Web3 startups, the new zone could be noteworthy. Free-zone incentives, a defined regulatory framework, and explicit government backing for advanced digital tech make Muscat a candidate for firms seeking a Gulf base that supports both AI and data-driven services. Potential synergies include: - AI-model training and data marketplaces that can pair with tokenized access or decentralized governance; - Logistics and supply-chain pilots combining AI optimization with blockchain provenance; - Financial-services innovation where AI risk models meet crypto-native products (subject to Oman’s evolving fintech and crypto rules). Oman’s starting point and the road ahead Compared with regional AI leaders, Oman’s current research and patent output remains modest. Muscat has, however, been the focal point of local capacity-building: telecom operator Omantel, Sultan Qaboos University and emerging innovation hubs have already hosted pilot programmes and research initiatives. Officials emphasize collaboration between the public and private sectors, and prioritize startup development, applied research and localised AI solutions. Challenges and opportunities Policymakers acknowledge the country’s small current base but argue that with clearer regulation and stronger investment flows, Oman could scale rapidly. Execution will be the defining factor: how quickly governance structures are established, how effectively the zone attracts major international players, and whether incentives translate into sustainable local capabilities will determine the near-term impact. Regional context Oman joins a growing list of Gulf states building specialised technology zones to attract capital, talent and expertise in emerging tech. The strategy is dual-purpose: to bring foreign investment and know-how in, while developing domestic capabilities and reducing long-term reliance on external providers. Authorities say the zone is designed to support digital self-sufficiency and integrate Oman into global innovation networks—positioning Muscat as a regional tech hub. Bottom line The Royal Decree sets a clear course: Oman is formalizing an AI-focused economic zone with industry incentives and institutional backing. For crypto and Web3 observers, the move signals a potential new node in the Gulf tech landscape—one to watch for future partnerships, pilots and regional expansion as the zone’s governance and incentives take shape. Read more AI-generated news on: undefined/news
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Alex Lab $8.3M DeFi Hack Spills Into Banks — SPD Bank Customers Affected, DPRK Links AllegedA recent security breach at Bitcoin DeFi protocol Alex Lab appears to have spilled into traditional banking, with Chinese outlet ChainCatcher reporting that customers of Shanghai Pudong Development Bank (SPD Bank) were among those affected. The incident follows a major exploit on June 6, 2025, that Unchained says cost Alex Lab about $8.3 million in digital assets. Stacks-based tokens and stablecoins taken in that attack included roughly 8.4 million STX, 21.85 sBTC and several hundred thousand dollars’ worth of USDT, USDC and wBTC. Alex Lab has pledged to “fully reimburse affected users,” saying it will cover losses from its treasury while coordinating with law enforcement and exchanges to trace the funds. Security firm Halborn pinpointed a fundamental vulnerability behind the June breach: the protocol’s self-listing verification logic failed to detect failed transactions on the Stacks blockchain, enabling the exploit. This was not Alex Lab’s first major incident. In 2024, an attack on its cross-chain bridge, XLink, drained more than $4 million; investigators later linked that operation to North Korea’s Lazarus Group, according to a detailed report cited by Coinfomania. Concerns about cross-domain laundering are reinforced by a joint dossier from Japan’s Ministry of Foreign Affairs. The report names “Alex Lab (based in Singapore)” and major Chinese lenders, including Shanghai Pudong Development Bank, as entities targeted or compromised by DPRK-linked advanced persistent threat clusters such as Kimsuky and TraderTraitor. That document suggests North Korean cyber actors have increasingly used multi-stage workflows that blend DeFi exploits with attacks on traditional financial institutions to launder proceeds. The convergence of DeFi hacks and traditional banking contagion has regulators and market participants on high alert. Observers will be watching whether Alex Lab can restore trust through stronger security and whether Chinese authorities move to protect banks and customers from further spillover from digital-asset incidents. Read more AI-generated news on: undefined/news

Alex Lab $8.3M DeFi Hack Spills Into Banks — SPD Bank Customers Affected, DPRK Links Alleged

A recent security breach at Bitcoin DeFi protocol Alex Lab appears to have spilled into traditional banking, with Chinese outlet ChainCatcher reporting that customers of Shanghai Pudong Development Bank (SPD Bank) were among those affected. The incident follows a major exploit on June 6, 2025, that Unchained says cost Alex Lab about $8.3 million in digital assets. Stacks-based tokens and stablecoins taken in that attack included roughly 8.4 million STX, 21.85 sBTC and several hundred thousand dollars’ worth of USDT, USDC and wBTC. Alex Lab has pledged to “fully reimburse affected users,” saying it will cover losses from its treasury while coordinating with law enforcement and exchanges to trace the funds. Security firm Halborn pinpointed a fundamental vulnerability behind the June breach: the protocol’s self-listing verification logic failed to detect failed transactions on the Stacks blockchain, enabling the exploit. This was not Alex Lab’s first major incident. In 2024, an attack on its cross-chain bridge, XLink, drained more than $4 million; investigators later linked that operation to North Korea’s Lazarus Group, according to a detailed report cited by Coinfomania. Concerns about cross-domain laundering are reinforced by a joint dossier from Japan’s Ministry of Foreign Affairs. The report names “Alex Lab (based in Singapore)” and major Chinese lenders, including Shanghai Pudong Development Bank, as entities targeted or compromised by DPRK-linked advanced persistent threat clusters such as Kimsuky and TraderTraitor. That document suggests North Korean cyber actors have increasingly used multi-stage workflows that blend DeFi exploits with attacks on traditional financial institutions to launder proceeds. The convergence of DeFi hacks and traditional banking contagion has regulators and market participants on high alert. Observers will be watching whether Alex Lab can restore trust through stronger security and whether Chinese authorities move to protect banks and customers from further spillover from digital-asset incidents. Read more AI-generated news on: undefined/news
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Real Finance, Wiener Privatbank Partner to Build EU‑Regulated On‑Chain Gateway for InstitutionsHeadline: Real Finance and Vienna’s Wiener Privatbank team up to build regulated on-chain gateway for institutions Real Finance has struck a strategic partnership with Vienna-based Wiener Privatbank to create regulated infrastructure that makes it easier for institutional capital to access blockchain markets. The collaboration pairs the REAL blockchain’s tokenization technology with traditional banking services and European compliance frameworks — an effort aimed at reconciling blockchain innovation with the regulatory demands of institutional investors. A regulated gateway to on‑chain markets Under the agreement, Wiener Privatbank will provide core banking functions — custody of client funds, reserve safeguarding, and support for asset origination — while client monies are held in EU‑regulated accounts. Compliance will be structured around European regimes such as MiCA and standard KYC/AML practices, with legal clarity, operational transparency, and risk controls embedded into the ecosystem. The goal is to remove key obstacles for regulated institutions by offering on‑chain products that meet conventional governance and oversight expectations. Phased rollout and tokenization targets The project will start with a minimum viable product (MVP) designed to support roughly $50 million in on‑chain assets. After the REAL blockchain mainnet launches, the partners plan to scale aggressively, targeting more than $500 million in tokenized assets within the first year. Wiener Privatbank will also help originate and structure euro‑denominated instruments to seed liquidity in a regulated digital asset environment — a deliberate focus on products that meet European investors’ needs. Euro stablecoin on the horizon — cautiously The partners say they are exploring a euro‑denominated stablecoin native to the REAL blockchain, but emphasize that any issuance will depend on further regulatory review and careful structuring. That cautious approach reflects the broader theme of the partnership: innovation tempered by compliance. Bringing banking standards into digital markets Real Finance’s CEO Ivo Grigorov framed the agreement as a way to build “institutional‑grade infrastructure” that combines on‑chain access with trusted banking relationships and robust compliance. Wiener Privatbank’s executive board member Michael Munterl said the collaboration aims to extend established banking standards into emerging digital asset infrastructures while preserving client protection, transparency, and regulatory integrity. Why it matters The tie‑up highlights a broader industry trend: traditional banks and crypto infrastructure providers pairing up to make tokenized assets accessible to regulated investors. By embedding custody, reserve controls, and EU regulatory guardrails into the stack, Real Finance and Wiener Privatbank are positioning the REAL blockchain as a controlled environment where real‑world asset tokenization can scale without sacrificing institutional compliance. Read more AI-generated news on: undefined/news

Real Finance, Wiener Privatbank Partner to Build EU‑Regulated On‑Chain Gateway for Institutions

Headline: Real Finance and Vienna’s Wiener Privatbank team up to build regulated on-chain gateway for institutions Real Finance has struck a strategic partnership with Vienna-based Wiener Privatbank to create regulated infrastructure that makes it easier for institutional capital to access blockchain markets. The collaboration pairs the REAL blockchain’s tokenization technology with traditional banking services and European compliance frameworks — an effort aimed at reconciling blockchain innovation with the regulatory demands of institutional investors. A regulated gateway to on‑chain markets Under the agreement, Wiener Privatbank will provide core banking functions — custody of client funds, reserve safeguarding, and support for asset origination — while client monies are held in EU‑regulated accounts. Compliance will be structured around European regimes such as MiCA and standard KYC/AML practices, with legal clarity, operational transparency, and risk controls embedded into the ecosystem. The goal is to remove key obstacles for regulated institutions by offering on‑chain products that meet conventional governance and oversight expectations. Phased rollout and tokenization targets The project will start with a minimum viable product (MVP) designed to support roughly $50 million in on‑chain assets. After the REAL blockchain mainnet launches, the partners plan to scale aggressively, targeting more than $500 million in tokenized assets within the first year. Wiener Privatbank will also help originate and structure euro‑denominated instruments to seed liquidity in a regulated digital asset environment — a deliberate focus on products that meet European investors’ needs. Euro stablecoin on the horizon — cautiously The partners say they are exploring a euro‑denominated stablecoin native to the REAL blockchain, but emphasize that any issuance will depend on further regulatory review and careful structuring. That cautious approach reflects the broader theme of the partnership: innovation tempered by compliance. Bringing banking standards into digital markets Real Finance’s CEO Ivo Grigorov framed the agreement as a way to build “institutional‑grade infrastructure” that combines on‑chain access with trusted banking relationships and robust compliance. Wiener Privatbank’s executive board member Michael Munterl said the collaboration aims to extend established banking standards into emerging digital asset infrastructures while preserving client protection, transparency, and regulatory integrity. Why it matters The tie‑up highlights a broader industry trend: traditional banks and crypto infrastructure providers pairing up to make tokenized assets accessible to regulated investors. By embedding custody, reserve controls, and EU regulatory guardrails into the stack, Real Finance and Wiener Privatbank are positioning the REAL blockchain as a controlled environment where real‑world asset tokenization can scale without sacrificing institutional compliance. Read more AI-generated news on: undefined/news
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Nexo Adds SOL and XRP to Zero-Interest, No-Liquidation Credit — Industry FirstNexo has expanded its Zero-interest Credit (ZiC) product to accept Solana (SOL) and Ripple (XRP) as collateral — an industry first for zero-interest, no-liquidation loans backed by these tokens. The move opens interest-free borrowing to a broader set of crypto holders beyond Bitcoin and Ethereum, which until now were the primary assets supporting the platform’s flagship offering. Why it matters - Bitcoin and Ethereum still represent roughly 70% of Nexo’s collateral volume, mirroring their dominance in the market. But alternative tokens now back more than 30% of loans on the platform, with SOL and XRP leading that cohort. - By adding Solana and Ripple to ZiC, Nexo lets more users access liquidity without selling their holdings — a growing demand among crypto investors who want cashflow while retaining market exposure. How ZiC works for SOL and XRP - Borrowers can take out stablecoin loans at 0% APR over a fixed term with no forced liquidation during that term. - For SOL and XRP loans, ZiC uses a 30% loan-to-value (LTV) ratio and requires minimum collateral of 100 SOL or 5,000 XRP. - Repayment terms are predefined and visible up front, providing predictability compared with many traditional crypto lending products. Adoption so far Nexo says ZiC has already generated over $170 million in total loan volume. The product shows strong engagement metrics — a 66% borrower renewal rate and an average of four renewals per borrower — and more than half of borrowed funds remain on the platform, suggesting users are leveraging liquidity while staying invested with Nexo. Bigger picture Nexo frames the extension to SOL and XRP as aligned with shifting collateral trends and broader acceptance of crypto-backed financing. That trend has gained institutional visibility: in March 2026, U.S. mortgage agency Fannie Mae began accepting crypto-backed mortgages that allow borrowers to pledge Bitcoin without selling it. Nexo’s expansion reflects growing portfolio diversification among crypto holders and rising demand for borrowing solutions that avoid forced sales. As zero-interest, no-liquidation offerings expand beyond Bitcoin and Ethereum, Nexo is betting it can capture users who hold alternative tokens but still want predictable, cost-free access to fiat-equivalent liquidity. “Zero-interest Credit set a new standard for Bitcoin and Ethereum holders, and expanding it to Solana and Ripple is the logical next step, one we are taking before anyone else,” said Elitsa Taskova, Nexo’s Chief Product Officer. Read more AI-generated news on: undefined/news

Nexo Adds SOL and XRP to Zero-Interest, No-Liquidation Credit — Industry First

Nexo has expanded its Zero-interest Credit (ZiC) product to accept Solana (SOL) and Ripple (XRP) as collateral — an industry first for zero-interest, no-liquidation loans backed by these tokens. The move opens interest-free borrowing to a broader set of crypto holders beyond Bitcoin and Ethereum, which until now were the primary assets supporting the platform’s flagship offering. Why it matters - Bitcoin and Ethereum still represent roughly 70% of Nexo’s collateral volume, mirroring their dominance in the market. But alternative tokens now back more than 30% of loans on the platform, with SOL and XRP leading that cohort. - By adding Solana and Ripple to ZiC, Nexo lets more users access liquidity without selling their holdings — a growing demand among crypto investors who want cashflow while retaining market exposure. How ZiC works for SOL and XRP - Borrowers can take out stablecoin loans at 0% APR over a fixed term with no forced liquidation during that term. - For SOL and XRP loans, ZiC uses a 30% loan-to-value (LTV) ratio and requires minimum collateral of 100 SOL or 5,000 XRP. - Repayment terms are predefined and visible up front, providing predictability compared with many traditional crypto lending products. Adoption so far Nexo says ZiC has already generated over $170 million in total loan volume. The product shows strong engagement metrics — a 66% borrower renewal rate and an average of four renewals per borrower — and more than half of borrowed funds remain on the platform, suggesting users are leveraging liquidity while staying invested with Nexo. Bigger picture Nexo frames the extension to SOL and XRP as aligned with shifting collateral trends and broader acceptance of crypto-backed financing. That trend has gained institutional visibility: in March 2026, U.S. mortgage agency Fannie Mae began accepting crypto-backed mortgages that allow borrowers to pledge Bitcoin without selling it. Nexo’s expansion reflects growing portfolio diversification among crypto holders and rising demand for borrowing solutions that avoid forced sales. As zero-interest, no-liquidation offerings expand beyond Bitcoin and Ethereum, Nexo is betting it can capture users who hold alternative tokens but still want predictable, cost-free access to fiat-equivalent liquidity. “Zero-interest Credit set a new standard for Bitcoin and Ethereum holders, and expanding it to Solana and Ripple is the logical next step, one we are taking before anyone else,” said Elitsa Taskova, Nexo’s Chief Product Officer. Read more AI-generated news on: undefined/news
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Iran 'War Premium' Pushes Oil to 4-Year Highs As Bitcoin Slides Toward $75KBitcoin dipped toward $75,000 on Thursday as a renewed “Iran war premium” rippled through markets, knocking major cryptocurrencies lower while sending oil to four-year highs. BTC fell 2.1% over the past 24 hours to $75,633 in Asian trading and is down about 3% on the week. The slide came as Brent crude surged 7.1% to $126.41 a barrel — its highest intraday level in four years — after an Axios report said President Donald Trump is set to receive a briefing on new military options against Iran. The story also said U.S. Central Command has requested hypersonic missiles for deployment to the region, which would mark their first combat use by American forces. The Strait of Hormuz has effectively been shut since the conflict began in late February, choking flows of crude, gas and refined products. That disruption has pushed a sizable “war premium” into oil prices — the portion of an asset’s valuation that reflects conflict risk rather than supply-and-demand fundamentals — and Brent is riding a nine-day winning streak and is up more than 100% year-to-date. Crypto followed risk assets lower. Ether fell 3.4% to $2,244 (down 4.4% on the week), Solana lost 2.6% to $82.62, XRP slid 2.1% to $1.37, and BNB gave up 1.9% to $615. The only gainer in the top 10 beyond stablecoins was dogecoin, which rose 3.8% on the day and 10.1% on the week to $0.10. Equities and rates also reacted. Nasdaq 100 futures erased an earlier 1.1% rally, MSCI’s Asia Pacific index fell 1.4%, and European markets were poised to open about 1% lower. The dollar strengthened and bond prices dropped as the oil spike and a hawkish Federal Reserve stance dampened demand for fixed income. U.S. 10-year Treasury yields hovered near highs not seen since July, and Japan’s 10-year note yields reached their highest level since 1997, according to Bloomberg. Bitcoin’s price resilience is being tested as the conflict grinds on. BTC has traded tightly between roughly $74,000 and $78,000 through April even as oil climbed from about $98 to $126 and the war entered its third month. But each escalation headline has produced deeper pullbacks, and BTC is now roughly $50,000 below its October 2025 all-time high of $126,000. Fernando Lillo, director at exchange Zoomex, said any sustainable break above $80,000 will likely depend on the war premium unwinding. “Bitcoin is trying to break the key $80,000 level, which would require a resolution to the Middle East conflict and, as a result, a drop in Brent crude oil prices below $100 per barrel,” he wrote. Lillo added that prolonged U.S. plans for a naval blockade of Iran are a major obstacle to that scenario. He also flagged a possible market playbook: if the U.S. lifts restrictions in the region and frames it as a response to “positive steps by Iran,” lower oil prices could spark a relief rally. “A potential lifting of restrictions in the region and lower oil prices could trigger an accelerated influx of capital into risk assets, paving the way for Bitcoin to consolidate above $80,000 and move toward $85,000,” Lillo said. For now, the market is watching geopolitical headlines closely — and the next developments in the Middle East will likely continue to sway both energy and crypto markets. Read more AI-generated news on: undefined/news

Iran 'War Premium' Pushes Oil to 4-Year Highs As Bitcoin Slides Toward $75K

Bitcoin dipped toward $75,000 on Thursday as a renewed “Iran war premium” rippled through markets, knocking major cryptocurrencies lower while sending oil to four-year highs. BTC fell 2.1% over the past 24 hours to $75,633 in Asian trading and is down about 3% on the week. The slide came as Brent crude surged 7.1% to $126.41 a barrel — its highest intraday level in four years — after an Axios report said President Donald Trump is set to receive a briefing on new military options against Iran. The story also said U.S. Central Command has requested hypersonic missiles for deployment to the region, which would mark their first combat use by American forces. The Strait of Hormuz has effectively been shut since the conflict began in late February, choking flows of crude, gas and refined products. That disruption has pushed a sizable “war premium” into oil prices — the portion of an asset’s valuation that reflects conflict risk rather than supply-and-demand fundamentals — and Brent is riding a nine-day winning streak and is up more than 100% year-to-date. Crypto followed risk assets lower. Ether fell 3.4% to $2,244 (down 4.4% on the week), Solana lost 2.6% to $82.62, XRP slid 2.1% to $1.37, and BNB gave up 1.9% to $615. The only gainer in the top 10 beyond stablecoins was dogecoin, which rose 3.8% on the day and 10.1% on the week to $0.10. Equities and rates also reacted. Nasdaq 100 futures erased an earlier 1.1% rally, MSCI’s Asia Pacific index fell 1.4%, and European markets were poised to open about 1% lower. The dollar strengthened and bond prices dropped as the oil spike and a hawkish Federal Reserve stance dampened demand for fixed income. U.S. 10-year Treasury yields hovered near highs not seen since July, and Japan’s 10-year note yields reached their highest level since 1997, according to Bloomberg. Bitcoin’s price resilience is being tested as the conflict grinds on. BTC has traded tightly between roughly $74,000 and $78,000 through April even as oil climbed from about $98 to $126 and the war entered its third month. But each escalation headline has produced deeper pullbacks, and BTC is now roughly $50,000 below its October 2025 all-time high of $126,000. Fernando Lillo, director at exchange Zoomex, said any sustainable break above $80,000 will likely depend on the war premium unwinding. “Bitcoin is trying to break the key $80,000 level, which would require a resolution to the Middle East conflict and, as a result, a drop in Brent crude oil prices below $100 per barrel,” he wrote. Lillo added that prolonged U.S. plans for a naval blockade of Iran are a major obstacle to that scenario. He also flagged a possible market playbook: if the U.S. lifts restrictions in the region and frames it as a response to “positive steps by Iran,” lower oil prices could spark a relief rally. “A potential lifting of restrictions in the region and lower oil prices could trigger an accelerated influx of capital into risk assets, paving the way for Bitcoin to consolidate above $80,000 and move toward $85,000,” Lillo said. For now, the market is watching geopolitical headlines closely — and the next developments in the Middle East will likely continue to sway both energy and crypto markets. Read more AI-generated news on: undefined/news
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Trump-backed WLFI to Unlock 62B Tokens After 10% Burn and 2-year Cliff; Vote Nearly UnanimousWorld Liberty Financial, a crypto project backed by former U.S. President Donald Trump, is fast-tracking a major tokenomics overhaul: a proposal to unlock 62 billion WLFI tokens is all but guaranteed to pass after early votes blew past quorum and delivered near‑unanimous support. What the proposal does - The plan calls for founders, team members and partners to burn 10% of their holdings — roughly 4.5 billion WLFI — as a show of commitment. - After that burn, the proposal would begin releasing the remaining tokens on a fixed schedule: a two‑year cliff followed by a five‑year vesting period that distributes roughly 40.7 billion WLFI. - Because of the two‑year cliff, no tokens would reach the open market for at least two years. Why it matters - The change replaces open‑ended lockups with a predictable future supply schedule, creating a clearer exit path for holders who previously had limited liquidity options. - That predictability can reduce uncertainty around future dilution and may be seen as a step toward maturing WLFI’s tokenomics. Voting and governance dynamics - The tally so far shows near‑unanimous approval: 99.5% voted in favor. - Participation mirrors prior WLFI proposals, underscoring that a relatively small group of large holders can steer major decisions. The largest wallet alone accounts for nearly 13% of votes cast; the top four wallets together control about 40% of voting power so far — enough to decisively influence outcomes. Legal clouds - WLFI is also embroiled in litigation. Tron founder Justin Sun has sued the project, alleging his tokens were frozen and his governance rights stripped — claims WLFI has denied. What’s next - With early votes surpassing quorum and overwhelming support, the unlock proposal looks set to pass. Market impact should be limited in the short term because of the two‑year cliff, but the governance concentration and ongoing lawsuit add layers of political and legal risk to watch as the plan moves forward. Read more AI-generated news on: undefined/news

Trump-backed WLFI to Unlock 62B Tokens After 10% Burn and 2-year Cliff; Vote Nearly Unanimous

World Liberty Financial, a crypto project backed by former U.S. President Donald Trump, is fast-tracking a major tokenomics overhaul: a proposal to unlock 62 billion WLFI tokens is all but guaranteed to pass after early votes blew past quorum and delivered near‑unanimous support. What the proposal does - The plan calls for founders, team members and partners to burn 10% of their holdings — roughly 4.5 billion WLFI — as a show of commitment. - After that burn, the proposal would begin releasing the remaining tokens on a fixed schedule: a two‑year cliff followed by a five‑year vesting period that distributes roughly 40.7 billion WLFI. - Because of the two‑year cliff, no tokens would reach the open market for at least two years. Why it matters - The change replaces open‑ended lockups with a predictable future supply schedule, creating a clearer exit path for holders who previously had limited liquidity options. - That predictability can reduce uncertainty around future dilution and may be seen as a step toward maturing WLFI’s tokenomics. Voting and governance dynamics - The tally so far shows near‑unanimous approval: 99.5% voted in favor. - Participation mirrors prior WLFI proposals, underscoring that a relatively small group of large holders can steer major decisions. The largest wallet alone accounts for nearly 13% of votes cast; the top four wallets together control about 40% of voting power so far — enough to decisively influence outcomes. Legal clouds - WLFI is also embroiled in litigation. Tron founder Justin Sun has sued the project, alleging his tokens were frozen and his governance rights stripped — claims WLFI has denied. What’s next - With early votes surpassing quorum and overwhelming support, the unlock proposal looks set to pass. Market impact should be limited in the short term because of the two‑year cliff, but the governance concentration and ongoing lawsuit add layers of political and legal risk to watch as the plan moves forward. Read more AI-generated news on: undefined/news
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XO Market Aims to Be the "YouTube" of Prediction Markets With User-Created BetsHeadline: XO Market wants to be the “YouTube of prediction markets,” bets user-created markets will outcompete Polymarket and Kalshi XO Market is rolling out a new playbook for prediction markets: put market creation in users’ hands. The startup — fresh off a $6 million seed round led by 20VC, Picus Capital, Coinbase Ventures, Venture Together and angels including Australian cricket captain Pat Cummins — says centralized platforms that curate which events people can trade are yesterday’s model. “YouTube versus Netflix,” co-founder Ali Habbabeh told CoinDesk. “Kalshi and Polymarket act like Netflix — they decide what markets exist. On XO, users create the markets themselves.” That user-generated approach, XO argues, produces a wider and often more creative slate of markets because the community, not an internal team, signals what’s interesting. Early traction supports the claim. Since launching its mainnet beta in mid-November (after an April 2025 testnet pilot), XO has seen more than $150 million in trading volume, onboarded over 30,000 users and hosted 600+ user-created markets. The platform’s model relies on a kind of “market Darwinism,” Habbabeh says: compelling markets attract activity; weak ones wither. That dynamic is promising but risky. Other user-generated projects — like Nine Lives and Warm Protocol — struggled to convert concept into liquidity, leaving many markets dormant. XO contends it can avoid that fate by aligning incentives and giving creators control over parameters and fees, but converting creators and traders into sustainable liquidity providers remains the industry’s hard problem. Why incumbents may not follow: Habbabeh doubts Polymarket or Kalshi will open up to user-generated markets. Doing so would require thousands of market makers ready to supply liquidity across diverse events and significant infrastructure changes — and would cut into highly profitable existing models. A booming category: Prediction markets have expanded well beyond niche forecasting. Improved crypto infrastructure, high-profile political and economic events, and growing retail and institutional interest helped industry volume roughly quadruple to over $60 billion in 2025 (from about $15–16 billion a year earlier). Polymarket alone drove a lot of that growth: monthly trading rose from $54 million at the start of 2024 to more than $2.6 billion by November, pushing cumulative volume past $9 billion in that year. New products: XO is not stopping at market creation. It plans to launch “XO Vaults,” a tool to democratize market making by letting users pool capital into automated liquidity strategies. Vault creators can set strategies and categories (sports, politics, etc.), earn fees from providing liquidity, and open investment slots for others who want exposure to market-making returns without active trading. XO is targeting yield in the 8–10% annual range, positioning vaults as a potential new DeFi primitive that pays passively from prediction-market activity. The company expects the product to debut within weeks. XO is also building a new take on parlays called “XO Stories.” Built on the Vaults foundation, it aims to link multiple outcomes in more flexible ways than traditional sportsbook parlays, with dynamic pricing and support for complex, multi-outcome structures — though detailed mechanics remain under wraps. Regulatory context: Prediction markets increasingly attract scrutiny, especially in the U.S. XO argues its on-chain, permissionless architecture — everything transparent and recorded on-chain — could offer legal and operational advantages compared with centralized rivals, though the regulatory landscape remains fluid. What’s next: For now, XO’s priority is growth and product rollout. The company’s thesis is straightforward: the internet favored user-generated content over centrally produced studios; prediction markets will do the same. Whether XO can turn creative market listings into durable liquidity and wider adoption will determine if the “YouTube” analogy holds. Read more AI-generated news on: undefined/news

XO Market Aims to Be the "YouTube" of Prediction Markets With User-Created Bets

Headline: XO Market wants to be the “YouTube of prediction markets,” bets user-created markets will outcompete Polymarket and Kalshi XO Market is rolling out a new playbook for prediction markets: put market creation in users’ hands. The startup — fresh off a $6 million seed round led by 20VC, Picus Capital, Coinbase Ventures, Venture Together and angels including Australian cricket captain Pat Cummins — says centralized platforms that curate which events people can trade are yesterday’s model. “YouTube versus Netflix,” co-founder Ali Habbabeh told CoinDesk. “Kalshi and Polymarket act like Netflix — they decide what markets exist. On XO, users create the markets themselves.” That user-generated approach, XO argues, produces a wider and often more creative slate of markets because the community, not an internal team, signals what’s interesting. Early traction supports the claim. Since launching its mainnet beta in mid-November (after an April 2025 testnet pilot), XO has seen more than $150 million in trading volume, onboarded over 30,000 users and hosted 600+ user-created markets. The platform’s model relies on a kind of “market Darwinism,” Habbabeh says: compelling markets attract activity; weak ones wither. That dynamic is promising but risky. Other user-generated projects — like Nine Lives and Warm Protocol — struggled to convert concept into liquidity, leaving many markets dormant. XO contends it can avoid that fate by aligning incentives and giving creators control over parameters and fees, but converting creators and traders into sustainable liquidity providers remains the industry’s hard problem. Why incumbents may not follow: Habbabeh doubts Polymarket or Kalshi will open up to user-generated markets. Doing so would require thousands of market makers ready to supply liquidity across diverse events and significant infrastructure changes — and would cut into highly profitable existing models. A booming category: Prediction markets have expanded well beyond niche forecasting. Improved crypto infrastructure, high-profile political and economic events, and growing retail and institutional interest helped industry volume roughly quadruple to over $60 billion in 2025 (from about $15–16 billion a year earlier). Polymarket alone drove a lot of that growth: monthly trading rose from $54 million at the start of 2024 to more than $2.6 billion by November, pushing cumulative volume past $9 billion in that year. New products: XO is not stopping at market creation. It plans to launch “XO Vaults,” a tool to democratize market making by letting users pool capital into automated liquidity strategies. Vault creators can set strategies and categories (sports, politics, etc.), earn fees from providing liquidity, and open investment slots for others who want exposure to market-making returns without active trading. XO is targeting yield in the 8–10% annual range, positioning vaults as a potential new DeFi primitive that pays passively from prediction-market activity. The company expects the product to debut within weeks. XO is also building a new take on parlays called “XO Stories.” Built on the Vaults foundation, it aims to link multiple outcomes in more flexible ways than traditional sportsbook parlays, with dynamic pricing and support for complex, multi-outcome structures — though detailed mechanics remain under wraps. Regulatory context: Prediction markets increasingly attract scrutiny, especially in the U.S. XO argues its on-chain, permissionless architecture — everything transparent and recorded on-chain — could offer legal and operational advantages compared with centralized rivals, though the regulatory landscape remains fluid. What’s next: For now, XO’s priority is growth and product rollout. The company’s thesis is straightforward: the internet favored user-generated content over centrally produced studios; prediction markets will do the same. Whether XO can turn creative market listings into durable liquidity and wider adoption will determine if the “YouTube” analogy holds. Read more AI-generated news on: undefined/news
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Wasabi Drained of $4.55M After Deployer Admin Key Compromise on Ethereum and BaseWasabi Protocol — a perpetuals trading platform running on Ethereum and Base — was drained of roughly $4.55 million after attackers compromised its deployer (admin) key, security firm Blockaid said in an X post. The exploit is the latest in a bruising month for DeFi and underscores a recurring failure mode: single-key admin control. What happened - Blockaid’s monitoring flagged an on‑chain admin-key compromise tied to the wallet wasabideployer.eth. That externally owned account (EOA) held the protocol’s sole ADMIN_ROLE in Wasabi’s permission system. Because an EOA is controlled directly by a private key, whoever possessed that key effectively controlled the protocol. - The attacker used the deployer key to call grantRole on the permission contract, giving an attacker-controlled helper contract ADMIN_ROLE with no delay. The helper contract then performed UUPS upgrades on Wasabi’s perp vaults and Long Pool, replacing their logic with malicious implementations that drained funds. - UUPS (Universal Upgradeable Proxy Standard) lets contracts update their implementation while keeping the same address — useful for fixes and upgrades, but dangerous if an attacker gains admin permissions and swaps in theft code. Assets and scope Blockaid identified compromised vaults on both chains. On Ethereum: wWETH, sUSDC, wBITCOIN, wPEPE and the Long Pool. On Base: sUSDC, wWETH, sBTC, sVIRTUAL, sAERO and sBRETT. In short, underlying assets backing Wasabi LP tokens were either drained or remained at risk. Immediate advice Blockaid urged anyone holding Wasabi LP tokens to revoke active approvals to the affected vault contracts to reduce exposure. Why this echoes other recent hacks - The mechanics mirror the April 1 Drift Protocol exploit, where attackers used a compromised admin key to drain $285 million from the Solana perpetuals exchange. Like Wasabi, Drift lacked a governance timelock and relied on single-key admin control. - On April 19, Kelp DAO lost $292 million after a single-verifier configuration in its LayerZero bridge allowed the creation of unbacked rsETH used as collateral to borrow real ETH. - Smaller incidents this month include losses at CoW Swap ($1.2M), Grinex ($13.74M), Resolv Labs ($23M), and Volo Protocol ($3.5M), among others. Scope of the crisis Blockaid noted the Wasabi loss comes amid a month that has seen over $605 million in DeFi losses across at least a dozen incidents. Year-to-date DeFi losses for 2026 have now surpassed roughly $770 million across more than 30 reported incidents, with April driving much of the damage. Core weakness Many of these breaches aren’t due to exotic bugs but to governance and operational design: single-signature admin keys, no multisigs, and no timelocks. Timelocks create a pause between an administrative action and its execution, giving users and auditors time to react; multisigs require multiple approvals for critical changes. Wasabi reportedly had neither. Status and update Wasabi has not yet issued a public statement. Blockaid’s post and follow-up updates remained the primary source of on‑chain forensic detail. Takeaway This incident reinforces a familiar lesson for Ethereum ecosystems: upgradeable contracts and powerful admin keys must be protected by multi-signer governance and time-delayed controls. Until those controls are standard practice, DeFi will likely keep paying the price. Read more AI-generated news on: undefined/news

Wasabi Drained of $4.55M After Deployer Admin Key Compromise on Ethereum and Base

Wasabi Protocol — a perpetuals trading platform running on Ethereum and Base — was drained of roughly $4.55 million after attackers compromised its deployer (admin) key, security firm Blockaid said in an X post. The exploit is the latest in a bruising month for DeFi and underscores a recurring failure mode: single-key admin control. What happened - Blockaid’s monitoring flagged an on‑chain admin-key compromise tied to the wallet wasabideployer.eth. That externally owned account (EOA) held the protocol’s sole ADMIN_ROLE in Wasabi’s permission system. Because an EOA is controlled directly by a private key, whoever possessed that key effectively controlled the protocol. - The attacker used the deployer key to call grantRole on the permission contract, giving an attacker-controlled helper contract ADMIN_ROLE with no delay. The helper contract then performed UUPS upgrades on Wasabi’s perp vaults and Long Pool, replacing their logic with malicious implementations that drained funds. - UUPS (Universal Upgradeable Proxy Standard) lets contracts update their implementation while keeping the same address — useful for fixes and upgrades, but dangerous if an attacker gains admin permissions and swaps in theft code. Assets and scope Blockaid identified compromised vaults on both chains. On Ethereum: wWETH, sUSDC, wBITCOIN, wPEPE and the Long Pool. On Base: sUSDC, wWETH, sBTC, sVIRTUAL, sAERO and sBRETT. In short, underlying assets backing Wasabi LP tokens were either drained or remained at risk. Immediate advice Blockaid urged anyone holding Wasabi LP tokens to revoke active approvals to the affected vault contracts to reduce exposure. Why this echoes other recent hacks - The mechanics mirror the April 1 Drift Protocol exploit, where attackers used a compromised admin key to drain $285 million from the Solana perpetuals exchange. Like Wasabi, Drift lacked a governance timelock and relied on single-key admin control. - On April 19, Kelp DAO lost $292 million after a single-verifier configuration in its LayerZero bridge allowed the creation of unbacked rsETH used as collateral to borrow real ETH. - Smaller incidents this month include losses at CoW Swap ($1.2M), Grinex ($13.74M), Resolv Labs ($23M), and Volo Protocol ($3.5M), among others. Scope of the crisis Blockaid noted the Wasabi loss comes amid a month that has seen over $605 million in DeFi losses across at least a dozen incidents. Year-to-date DeFi losses for 2026 have now surpassed roughly $770 million across more than 30 reported incidents, with April driving much of the damage. Core weakness Many of these breaches aren’t due to exotic bugs but to governance and operational design: single-signature admin keys, no multisigs, and no timelocks. Timelocks create a pause between an administrative action and its execution, giving users and auditors time to react; multisigs require multiple approvals for critical changes. Wasabi reportedly had neither. Status and update Wasabi has not yet issued a public statement. Blockaid’s post and follow-up updates remained the primary source of on‑chain forensic detail. Takeaway This incident reinforces a familiar lesson for Ethereum ecosystems: upgradeable contracts and powerful admin keys must be protected by multi-signer governance and time-delayed controls. Until those controls are standard practice, DeFi will likely keep paying the price. Read more AI-generated news on: undefined/news
Article
Study: Polymarket 'Longshot' Military Bets Win Far Too Often, Hinting At Insider EdgeA Green Beret’s alleged $400,000 bet on an imminent raid in Venezuela felt like a shocking outlier — until a new dataset suggests it may be the tip of a much larger problem on Polymarket. Nonprofit research group the Anti‑Corruption Data Collective (ACDC) analyzed every settled Polymarket contract from January 2021 through mid‑March 2026 — more than 435,000 markets and $54.4 billion in cumulative volume — and found a striking pattern: low‑probability “longshot” bets on military and defense outcomes win far more often than they should. Across political markets, longshots typically succeed about 14% of the time. In military-linked contracts, success rates in some cases topped 50%. “Markets tied to specific government policies, such as military and defense and foreign affairs, are harder to forecast using public information alone,” ACDC writes, making them “more susceptible to information asymmetries.” In plain terms: where decisions are made by small groups or hidden from public view, a few participants with better access to information — or with specialized, nonpublic knowledge — can consistently beat the market. Polymarket says it has surveillance teams and has cooperated with the Department of Justice in the Venezuela case. Trading on confidential knowledge is explicitly banned on the platform — as it is on rival Kalshi. Still, ACDC’s work joins a growing body of research suggesting an outsized advantage for a tiny share of traders on prediction markets. Academic and industry analyses converge on the concentration of influence. A working paper from London Business School and Yale found that roughly 3% of traders account for most price discovery on Polymarket. Blockchain analytics firm Solidus Labs reported that fewer than 1% of wallets captured about half of all profits — a finding Solidus markets as part of the platform technology it licenses to Kalshi. ACDC’s report strengthens those results by pointing to where some of that edge may come from: markets reliant on nonpublic operational decisions. The report’s June 2025 U.S. strikes on Iran is a detailed case study. Polymarket listed date‑specific contracts on whether strikes would occur. Markets resolving on June 19 and June 20 expired without incident; June 21 is when the strike actually happened, at 18:40 ET. In the hours before the strike, ACDC says, 19 longshot bets totaling $164,292 were placed across the contracts that ended up resolving YES. Eight wallets shared about $1.8 million in profits; one wallet reportedly took nearly $500,000. That outcome is notable because the Pentagon had specifically designed the operation to be unreadable from outside observers, using decoy bombers and long‑range stealth aircraft to avoid detection. Yet a small number of traders placed large, well‑timed wagers on the right outcome — a pattern ACDC found repeatedly. Across the military and defense category, in five of the six two‑hour windows before contract resolution, winning longshot bets outnumbered losing ones — a distribution that runs counter to market prices and expectations. Longshot bets can succeed for benign reasons: mispricing, sudden shifts in public expectations, or skilled analysis of open‑source intelligence. But the frequency and concentration of the wins in military‑linked markets suggest information advantages that ordinary participants don’t have. ACDC is a nonprofit funded through the Fund for Constitutional Government and does not sell surveillance products. Its recommendations center on reducing information asymmetries and tightening market integrity: stronger identity verification for bettors, conditional payouts on suspicious wagers, limits on markets whose outcomes are controlled by small decision‑making groups, and constraints on how granular contracts can be made. The report goes further, calling for “an evidence‑informed debate about whether the public should be betting on these outcomes at all.” For Polymarket and other prediction market operators, the findings raise acute policy and compliance questions. Should platforms permit betting on events decided by tiny, opaque teams? How aggressively can they police trading in real time, and how should they balance openness with the risk of insider abuse? For regulators, the concentration of profits and the potential for national‑security implications make the issue more than an industry ethics question. Whatever the next steps, ACDC’s analysis injects new data into a fast‑evolving debate about prediction markets, concentrated trading power, and the risks of monetizing outcomes rooted in secretive government action. Read more AI-generated news on: undefined/news

Study: Polymarket 'Longshot' Military Bets Win Far Too Often, Hinting At Insider Edge

A Green Beret’s alleged $400,000 bet on an imminent raid in Venezuela felt like a shocking outlier — until a new dataset suggests it may be the tip of a much larger problem on Polymarket. Nonprofit research group the Anti‑Corruption Data Collective (ACDC) analyzed every settled Polymarket contract from January 2021 through mid‑March 2026 — more than 435,000 markets and $54.4 billion in cumulative volume — and found a striking pattern: low‑probability “longshot” bets on military and defense outcomes win far more often than they should. Across political markets, longshots typically succeed about 14% of the time. In military-linked contracts, success rates in some cases topped 50%. “Markets tied to specific government policies, such as military and defense and foreign affairs, are harder to forecast using public information alone,” ACDC writes, making them “more susceptible to information asymmetries.” In plain terms: where decisions are made by small groups or hidden from public view, a few participants with better access to information — or with specialized, nonpublic knowledge — can consistently beat the market. Polymarket says it has surveillance teams and has cooperated with the Department of Justice in the Venezuela case. Trading on confidential knowledge is explicitly banned on the platform — as it is on rival Kalshi. Still, ACDC’s work joins a growing body of research suggesting an outsized advantage for a tiny share of traders on prediction markets. Academic and industry analyses converge on the concentration of influence. A working paper from London Business School and Yale found that roughly 3% of traders account for most price discovery on Polymarket. Blockchain analytics firm Solidus Labs reported that fewer than 1% of wallets captured about half of all profits — a finding Solidus markets as part of the platform technology it licenses to Kalshi. ACDC’s report strengthens those results by pointing to where some of that edge may come from: markets reliant on nonpublic operational decisions. The report’s June 2025 U.S. strikes on Iran is a detailed case study. Polymarket listed date‑specific contracts on whether strikes would occur. Markets resolving on June 19 and June 20 expired without incident; June 21 is when the strike actually happened, at 18:40 ET. In the hours before the strike, ACDC says, 19 longshot bets totaling $164,292 were placed across the contracts that ended up resolving YES. Eight wallets shared about $1.8 million in profits; one wallet reportedly took nearly $500,000. That outcome is notable because the Pentagon had specifically designed the operation to be unreadable from outside observers, using decoy bombers and long‑range stealth aircraft to avoid detection. Yet a small number of traders placed large, well‑timed wagers on the right outcome — a pattern ACDC found repeatedly. Across the military and defense category, in five of the six two‑hour windows before contract resolution, winning longshot bets outnumbered losing ones — a distribution that runs counter to market prices and expectations. Longshot bets can succeed for benign reasons: mispricing, sudden shifts in public expectations, or skilled analysis of open‑source intelligence. But the frequency and concentration of the wins in military‑linked markets suggest information advantages that ordinary participants don’t have. ACDC is a nonprofit funded through the Fund for Constitutional Government and does not sell surveillance products. Its recommendations center on reducing information asymmetries and tightening market integrity: stronger identity verification for bettors, conditional payouts on suspicious wagers, limits on markets whose outcomes are controlled by small decision‑making groups, and constraints on how granular contracts can be made. The report goes further, calling for “an evidence‑informed debate about whether the public should be betting on these outcomes at all.” For Polymarket and other prediction market operators, the findings raise acute policy and compliance questions. Should platforms permit betting on events decided by tiny, opaque teams? How aggressively can they police trading in real time, and how should they balance openness with the risk of insider abuse? For regulators, the concentration of profits and the potential for national‑security implications make the issue more than an industry ethics question. Whatever the next steps, ACDC’s analysis injects new data into a fast‑evolving debate about prediction markets, concentrated trading power, and the risks of monetizing outcomes rooted in secretive government action. Read more AI-generated news on: undefined/news
Article
Euro Stablecoin EURAU Hits Solana As Demand for Non-dollar Tokens Heats UpHeadline: AllUnity brings euro stablecoin EURAU to Solana as demand for non-dollar tokens heats up AllUnity — a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY) — has launched its euro-backed stablecoin EURAU on the Solana blockchain, aiming to combine regulatory compliance with the high speed and low costs Solana offers. EURAU, which debuted on Ethereum in July last year, is fully reserved and issued under a regulated e-money framework aligned with the EU’s Markets in Crypto-Assets (MiCA) rules, the company said. By adding Solana, AllUnity expects faster settlement and cheaper on-chain euro transfers, making it more practical for payments, trading and institutional use. Why this matters: moving euros onchain in seconds - Businesses and developers can send euro-denominated value across chains in seconds instead of waiting days for bank rails. - Real-time cross-border payouts, trading, lending, treasury management and other corporate payments are now more feasible with a compliant euro unit that settles quickly. - Solana’s throughput and low fees make it a natural fit for payment flows and institutional-grade settlement, AllUnity’s CTO and COO Peter Grosskopf said. A broader market shift toward euro stablecoins The move comes as interest grows in non-dollar stablecoins, particularly in Europe where firms want assets that meet regulatory standards. While U.S. dollar tokens still dominate a roughly $300 billion stablecoin market, euro-pegged tokens have surged — doubling since the start of 2025 to nearly $1 billion. S&P projects the tokenized stablecoin market could reach €570 billion (about $672 billion) by 2030. French Finance Minister Roland Lescure has also urged more euro-denominated stablecoins and encouraged EU banks to explore tokenized deposits. Partnerships and next steps AllUnity said demand for regulated euro stablecoins is rising and that expanding across multiple blockchains can accelerate adoption in finance and corporate payments. Several partners — including Bullish (owner of CoinDesk), Privy, Hercle and Transak — are preparing to use EURAU on Solana for payments, trading and fiat onramps. The expansion to Solana positions EURAU to capture use cases that require speed and low fees while remaining within a regulated e-money framework — a combination increasingly attractive to European institutions and payments firms. Read more AI-generated news on: undefined/news

Euro Stablecoin EURAU Hits Solana As Demand for Non-dollar Tokens Heats Up

Headline: AllUnity brings euro stablecoin EURAU to Solana as demand for non-dollar tokens heats up AllUnity — a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY) — has launched its euro-backed stablecoin EURAU on the Solana blockchain, aiming to combine regulatory compliance with the high speed and low costs Solana offers. EURAU, which debuted on Ethereum in July last year, is fully reserved and issued under a regulated e-money framework aligned with the EU’s Markets in Crypto-Assets (MiCA) rules, the company said. By adding Solana, AllUnity expects faster settlement and cheaper on-chain euro transfers, making it more practical for payments, trading and institutional use. Why this matters: moving euros onchain in seconds - Businesses and developers can send euro-denominated value across chains in seconds instead of waiting days for bank rails. - Real-time cross-border payouts, trading, lending, treasury management and other corporate payments are now more feasible with a compliant euro unit that settles quickly. - Solana’s throughput and low fees make it a natural fit for payment flows and institutional-grade settlement, AllUnity’s CTO and COO Peter Grosskopf said. A broader market shift toward euro stablecoins The move comes as interest grows in non-dollar stablecoins, particularly in Europe where firms want assets that meet regulatory standards. While U.S. dollar tokens still dominate a roughly $300 billion stablecoin market, euro-pegged tokens have surged — doubling since the start of 2025 to nearly $1 billion. S&P projects the tokenized stablecoin market could reach €570 billion (about $672 billion) by 2030. French Finance Minister Roland Lescure has also urged more euro-denominated stablecoins and encouraged EU banks to explore tokenized deposits. Partnerships and next steps AllUnity said demand for regulated euro stablecoins is rising and that expanding across multiple blockchains can accelerate adoption in finance and corporate payments. Several partners — including Bullish (owner of CoinDesk), Privy, Hercle and Transak — are preparing to use EURAU on Solana for payments, trading and fiat onramps. The expansion to Solana positions EURAU to capture use cases that require speed and low fees while remaining within a regulated e-money framework — a combination increasingly attractive to European institutions and payments firms. Read more AI-generated news on: undefined/news
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