Binance News

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

According to the announcement from Binance, the platform is introducing a new promotion for eligible Futures users, offering a chance to share a total prize pool of $30,000 in XAUT (Gold) and an additional $10,000 in XAUT rewards. This promotion is available to returning, new, and active users who complete specific Futures tasks. The activity period is set from 2026-05-11 to 2026-06-11.

Eligible participants can engage in Futures tasks to earn attempts at winning rewards. The tasks vary based on user status, such as new users or those without prior Futures trade records. For instance, new users can earn attempts by trading a minimum cumulative amount of $150 or $5,000 equivalent on eligible TradFi Contracts. Similarly, users with no prior Futures trades can participate by trading $200 or $8,000 equivalent. All eligible users can also participate by trading $15,000 or $35,000 equivalent on TradFi Contracts. TradFi Perpetual Contracts include various equity, ETF, and commodity contracts.

Rewards from each activity attempt range from 0.001464 XAUT to 0.209118 XAUT. Additionally, participants have a chance to win extra bonuses, including a MacBook Air, iPhone 17, or AirPods, with rewards distributed as their USDC equivalent value. All rewards, except for the XAUT token pool, will be distributed within 72 hours of completing an attempt, while the XAUT token pool rewards will be distributed within 14 business days after the activity ends.

The promotion is available for users in the CIS region, including Ukraine, and is subject to daily distribution limits. Binance reserves the right to modify or withdraw the promotion at its discretion. Participants must ensure their account verification and registration to qualify for rewards. All terms and conditions apply as per Binance's guidelines.

PANews posted on X (formerly Twitter). The technology sector has experienced ongoing layoffs in 2026, with data from TrueUp revealing that 298 layoffs have occurred in the first five months of the year, impacting a total of 129,440 individuals. This averages to approximately 981 people affected daily. March was particularly severe, with 49,452 layoffs, marking the highest monthly figure in over a year. The monthly breakdown is as follows: January saw 27,223 layoffs, February had 24,631, March recorded 49,452, April had 18,385, and May saw 9,749 layoffs.

Japan's Liberal Democratic Party (LDP) Digital Headquarters recently deliberated on a proposal for next-generation finance, emphasizing stablecoins, tokenized deposits, and the tokenization of real-world assets. According to NS3.AI, Takuya Hirai highlighted the role of AI and blockchain in creating an automated financial system. He cautioned that the increasing use of dollar stablecoins is heightening competition for leadership in financial infrastructure. Hirai expressed concerns that Japan might encounter risks to its economic security and monetary sovereignty if it lags behind. The group is planning collaborative efforts between the public and private sectors to accelerate the development of on-chain infrastructure.

Foresight News posted on X (formerly Twitter) about the increasing security issues in the DeFi sector, highlighting recent hacks affecting projects like Kelp DAO and Drift. These incidents have shaken market confidence and prompted a reevaluation of risk and value within the industry. In a discussion focused on 'DeFi Security,' several experts, including Web3 creator Will_7th, researchers Changan and Kevin, and others from institutions like Deep Research Academy and Bitbase Institute, shared their insights on five key questions: the impact of hacks on investment strategies, whether cross-chain technology is overhyped, the risks and rewards of LSDFi, the feasibility of retail investors mining DeFi, and the pros and cons of AI in DeFi security.

The yen experienced significant volatility against the dollar on Tuesday, initially strengthening sharply before retreating. Bloomberg posted on X that this fluctuation occurred during the visit of U.S. Treasury Secretary Scott Bessent to Japan. The currency's movement reflects market reactions to geopolitical and economic discussions between the two nations. Analysts are closely monitoring the situation for further developments that could impact global currency markets.

European stock markets opened lower, with Germany's DAX30 index falling by 1.3%, France's CAC40 index declining by 1.1%, and the Euro Stoxx 50 index dropping by 1.25%. According to ChainCatcher, these declines reflect ongoing market concerns.

India's Chief Economic Advisor has stated that the ongoing crisis in Iran is having a direct impact on inflation, the current account, and the exchange rate. According to Jin10, the advisor highlighted the interconnectedness of global economies and how geopolitical tensions can influence economic indicators. The situation in Iran is being closely monitored as it continues to affect various economic aspects in India.

On May 12, 2026, 07:03 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,300 USDT and is now trading at 2,297.070068 USDT, with a narrowed 1.47% decrease in 24 hours.

OpenAI is reportedly preparing for an initial public offering (IPO), according to the Wall Street Journal. As the company moves forward with its plans, OpenAI CEO Sam Altman's personal investments are facing increasing scrutiny from Republican lawmakers. This development comes amid heightened attention on the financial activities of key figures in the AI industry.

Elon Musk's artificial intelligence model, Grok, is reportedly lagging behind its rapidly growing competitors. According to Odaily, a significant computing power leasing agreement between its parent company, SpaceX, and Anthropic has raised questions about Grok's ability to catch up with industry leaders.

Since its launch two years ago, Grok has attracted millions of users through its integration with Musk's social platform X and features like the controversial 'AI Companion.' However, recent data indicates that its growth momentum has stalled. Analysis from AppMagic reveals that Grok's downloads dropped to approximately 8.3 million in April this year, down from over 20 million in January.

A survey conducted by research firm Recon Analytics, involving over 260,000 U.S. AI users and professionals, shows that the percentage of respondents willing to pay for Grok remained nearly unchanged at 0.174% in the second quarter of 2026, compared to 0.173% a year earlier. In contrast, more than 6% of respondents reported having paid for ChatGPT.

Dolphin's $POD token has experienced a significant increase, rising more than 14 times within a month. According to PANews, this surge is attributed to the growth of the Venice ($VVV) ecosystem. Dolphin's model, which includes a 100% revenue buyback and a point-to-pool system, has been instrumental in driving this growth. Additionally, the platform's stringent staking penalty mechanism has effectively addressed issues related to computational efficiency and trust in decentralized AI inference.