Crypto Industry News & Market Trends

Rune tanks 11% after attackers move $10M in THORChain exploit

On the other hand, the rest of the stolen crypto coins have been performing fairly well despite the turbulence. Bitcoin increased by 2.61% over the past 24 hours to $81,667.13, bringing the value of the 36.85 BTC stolen to around $3.01 million.　　Ethereum remained almost unchanged, rising by only 0.12% to $2,252.88, while the approximately 3,156 ETH stolen remained at $7.11 million.　　Investors struggle in the current crime-driven markets　　DeFi security attacks have persisted through May 2026, with some protocols experiencing losses arising from vulnerabilities in their smart contracts on May 10 and 11, including Huma Finance and Ink Finance.　　As reported by Cryptopolitan, Huma Finance suffered an exploit of its V1 smart contracts deployed on the Polygon blockchain on May 11, resulting in the theft of approximately $101,400 worth of USDC and USDC.e tokens.　　The attack exploited the BaseCreditPool deployment by leveraging a logic vulnerability in the refreshAccount() function to skip EA approval processes, allowing arbitrary promotions of credit accounts to the “GoodStanding” position.　　Meanwhile, Ink Finance became a victim of yet another theft totaling around $140,000 from its Workspace Treasury Proxy contract deployed on Polygon. As reported by Cryptopolitan, the attacker deployed a contract whose address was listed on the whitelist, thereby bypassing eligibility

05-15Industry

XRP Burn Rate Surges 36% as Price Breaks Key Resistance

This parabolic price move saw XRP outperform other top cryptocurrencies like Bitcoin and Ethereum within the 24-hour trading period, signaling surging demand for the leading altcoin.　　Although the major influence behind XRPs rapid price surge remains uncertain, market participants believe that the asset is seeing increased demand from both retail and institutional investors.　　What to expect for XRP？　　While XRP has traded majorly on the bullish territory this month, the asset is expected to deliver bigger price returns for May, surpassing the monthly gains seen so far this year.　　As of the time of writing, XRP is already projecting a 7.77% gain for the month; this marks the highest monthly return recorded so far in 2024.　　While a bigger price move is expected in the coming days, the month might turn out to become XRPs strongest month so far.

05-15Industry

Gold Price Forecast: XAU/USD remains under pressure near $4,550

In the four-hour chart, XAU/USD trades at $4,553.16, extending a bearish near-term bias as price holds beneath both the 100-period simple moving average (SMA) at $4,655.41 and the 200-period SMA at $4,699.41, as well as below the broader downward resistance trend line near $4,751. The Relative Strength Index (RSI) has slipped to oversold territory around 27, hinting that while downside pressure dominates for now, the pace of the recent slide could slow if sellers start to book profits.　　On the topside, initial resistance is seen at the 100-period SMA at $4,655.41, followed by the 200-period SMA at $4,699.41 and the descending trend-line region around $4,751, with higher hurdles aligning at the horizontal barriers around $4,890 and $5,044. On the downside, the first support comes at the descending trend line at $4,479. The next notable support sits at the horizontal level of $4,351, ahead of $4,306 and then $4,099, where buyers may attempt to stabilize the metal after the latest breakdown.

05-15Industry

XRP Wave Count Remains Valid: Here Are The Levels To Watch Out For

Tech　　XRP Wave Count Remains Valid: Here Are The Levels To Watch Out For　　XRP has been trading above $1.40 in recent days, with buyers still trying to push on momentum after the pullback from the May 10 high. The cryptocurrencys price has not broken down, but it has also failed to confirm a stronger upside continuation. This leaves the 1-hour chart in an important position. However, the XRP count is still valid.　　The current wave count now depends on notable price levels, which include whether XRP can hold above support at $1.40 and avoid a break below the key $1.38 swing low.　　XRP Pullback From May 10 Still Looks Corrective　　Technical analysis of XRP‘s price action on the 1-hour chart, which was posted by a crypto analyst on the social media platform X, shows that the decline from the May 10 high has not been random noise. The main argument in the analysis is that XRP’s decline from the May 10 high has unfolded as a three-wave move. This has unfolded in an ABC structure, not the kind of five-wave impulsive decline that would precede a trend reversal. According to Elliott Wave analysis, three-wave declines are corrective structures, especially when they develop inside a

05-15Industry

Brent: Supply risk keeps prices elevated – Deutsche Bank

Finance　　Brent: Supply risk keeps prices elevated – Deutsche Bank　　Deutsche Banks macro strategy team notes that Brent Oil remains supported by geopolitical tensions and supply concerns. Comments from President Trump about the Strait of Hormuz have reinforced fears of a prolonged disruption, driving prices higher overnight. While Brent was little changed in the previous session, late gains contributed to a more hawkish repricing of Federal Reserve expectations.　　Geopolitics and Fed repricing drive Oil　　“As we go to press this morning, markets have lost momentum after President Trump said the US doesn‘t need the Strait of Hormuz open ”at all“. So that’s added to fears that the Strait will remain blocked for some time, leading to a more protracted energy shock for the global economy.”　　“Indeed, Brent crude oil prices are up another +1.21% overnight to $107.00/bbl.”　　“In the meantime, oil prices were little changed yesterday, with Brent crude (+0.09%) closing at $105.72/bbl.”　　“However, oil did edge higher late in the US session, which contributed to a more hawkish Fed repricing.”　　“For instance, futures almost fully priced in a rate hike by June 2027, with 24bps of tightening now priced (+5.6bps on the day).”

05-15Industry

$2.6 Billion in Bitcoin, ETH, XRP, Solana Options Expire Today, Experts Raise Concerns

Bitcoin Ethereum　　$2.6 Billion in Bitcoin, ETH, XRP, Solana Options Expire Today, Experts Raise Concerns　　Crypto market recorded massive liquidations over the past few hours due to Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) options expiry today. Crypto prices tumbled and pared almost all gains after bearish sentiment over the Senate committee advancing the CLARITY Act faded.　　The latest US macroeconomic data, Middle East tensions, and spiking US Treasury yields, among other headwinds, are sparking Bitcoin selloff jitters.　　Over $2 Billion in Bitcoin Options to Expire Today　　According to Deribit data, almost 25K Bitcoin options with a notional value of more than $2 billion will expire on May 15. The put/call ratio of 0.57 indicates bullish sentiment in the crypto market.　　The max pain price is at $80,000, below the current market price of $80,772. Moreover, BTC implied volatility is falling and 25 delta skew is rising sharply today. It signals that traders are turning cautious due to high odds of a drop in Bitcoin price.　　In the last 24 hours, call volume is still higher than put volume, with a put/call ratio of 0.83. Deribit data shows high volume put and call options trading for the May 29 expiry, especially after the hot US CPI

05-15Industry

Here’s how much Nvidia stock Trump owns

Finance　　Heres how much Nvidia stock Trump owns　　U.S. President Donald Trump filed a new financial disclosure with the United States Office of Government Ethics (OGE) on May 14, disclosing a large number of financial transactions involving major U.S. stocks, including Nvidia (NASDAQ: NVDA).　　Valued between $5 million and $25 million, based on the rough ranges given in the document, the Nvidia position was among the most valuable ones.　　However, since the filing did not specify which financial instruments were used for each purchase, it is hard to tell how many NVDA shares the president actually bought directly.　　Moreover, the filing covered only the first quarter of 2026, meaning similar moves conducted prior to that were not included, making it more difficult to make any firm guesses.　　Also worth mentioning is that the assets are held in a trust controlled by Trumps children.　　What companies is Trump investing in？　　Other notable transactions were tied to names such as Microsoft (NASDAQ: MSFT), Meta (NASDAQ: META), and Amazon (NASDAQ: AMZN), all of which were likewise valued between $5 million and $25 million.　　Additional purchases valued at more than $1 million included ServiceNow (NYSE: NOW), Adobe (NASDAQ: ADBE), Oracle Corporation (NYSE: ORCL), and Broadcom (NASDAQ: AVGO).　　As is evident, the president‘s preferred securities

05-15Industry

Federal Reserve bids $10B for 10-year notes, and crypto markets should pay attention

Crypto　　Federal Reserve bids $10B for 10-year notes, and crypto markets should pay attention　　The Federal Reserve submitted a $10 billion bid for 10-year Treasury notes, a move that might sound like dry government plumbing but carries real implications for anyone holding risk assets. That includes crypto.　　What happened and why it matters　　The US Treasury regularly auctions off 10-year notes as part of its standard debt issuance cycle. The 10-year Treasury yield is the single most important benchmark in global finance, influencing everything from mortgage rates to corporate borrowing costs to how investors price Bitcoin.　　Recent auction data for 10-year notes has shown indirect demand, typically from foreign central banks and large institutional buyers, running at around 71.2%. The bid-to-cover ratio, which measures total bids relative to the amount of debt on offer, came in at 2.6. In English: for every dollar of notes available, investors were willing to buy $2.60 worth.　　These numbers matter because weak auction results tend to push yields higher. Higher yields make borrowing more expensive across the economy and typically pull capital away from riskier investments. Strong auction results do the opposite, keeping yields stable or pushing them lower, which tends to be friendlier for assets like equities and crypto.　　The

05-15Industry

Euro: Breaks below key averages against US Dollar – Societe Generale

Finance　　Euro: Breaks below key averages against US Dollar – Societe Generale　　Societe Generale analysts report EUR/USD has fallen to its lowest level since early April as wider UST/Bund spreads and higher energy prices weigh on the Euro (EUR). The pair has broken below its 50- and 200-day moving averages, with support cited at 1.1560 and resistance at 1.1720. Aggressive European Central Bank (ECB) June hike pricing implies downside risks for EUR versus G10 peers.　　Break of key averages signals vulnerability　　“Euro in trouble as 50/200dma give way on Fed repricing, higher UST yields and oil/ gas.”　　“The single currency is struggling as May reaches the half-way point, managing to stay just ahead of the SEK and GBP. EUR/USD slipped to the lowest level since early April, driven by wider UST/Bund spreads and higher energy prices.”　　“ECB member Lane sowed doubts over the likelihood of a rate increase next month, offering a more balanced assessment of growth vs inflation.”　　“The aggressive pricing for the June meeting implies downside risk for EUR/G10 if the ECB holds fire next month, all else being equal (oil prices, risk assets, Fed). ”　　“Support 1.1560, resistance 1.1720.”

05-15Industry

OKX targets 20% stake in South Korea’s Coinone

OKX has moved closer to securing a major foothold in South Korea after entering talks to acquire a substantial stake in local crypto exchange Coinone alongside Korea Investment & Securities.OKX and Korea Investment & Securities are reportedly seeking roughly 20% stakes each in South Korean crypto exchange Coinone.The reported deal would make OKX the second overseas crypto exchange to hold a major stake in a South Korean trading platform after Binances investment in Gopax.South Korean authorities are discussing new ownership limits for crypto exchanges as Hana and Mirae Asset pursue separate investments in local trading firms.　　According to Yonhap News Agency, OKX and Korea Investment & Securities are each seeking to purchase roughly 20% of Coinone.　　The report stated that the exchange is expected to issue new shares for the transaction rather than transfer existing holdings, a structure that would likely leave Coinones current management intact.　　If regulators approve the deal, OKX would become the second overseas crypto exchange to take ownership in one of South Koreas major trading platforms after Binance acquired a stake in Gopax.　　Among South Korea‘s licensed exchanges, Coinone remains part of the country’s small group of platforms permitted to offer fiat-to-crypto trading services. Trading activity in the domestic market,

05-15Industry

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