Crypto Industry News & Market Trends

New Zealand Dollar recovers from multi-year low vs AUD on hawkish RBNZ

Finance　　New Zealand Dollar recovers from multi-year low vs AUD on hawkish RBNZ　　The AUD/NZD cross attracts heavy sellers during the Asian session on Wednesday following softer consumer inflation figures from Australia, snapping a three-day winning streak to its highest level since April 2013 touched the previous day. The intraday downfall picks up pace after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and drags spot prices below the 1.2200 mark, or a fresh daily low in the last hour.　　The Australian Bureau of Statistics (ABS) reported that the headline Consumer Price Index (CPI) slowed from the 4.6% YoY rate in March to 4.2% in April. This comes on top of an unexpected rise in the Australian Unemployment Rate to 4.5% in April and a fall in the number of employed people, tempering market bets for further interest rate hikes by the Reserve Bank of Australia (RBA). This, in turn, undermines the Australian Dollar (AUD) and triggers the initial leg of the AUD/NZD pairs decline.　　Meanwhile, the RBNZ, as expected, decided to hold the Official Cash Rate (OCR) at 2.25% for the third meeting in May. In the accompanying policy statement, the central bank stated that the OCR will most likely

05-27Industry

Silver Price Forecast: XAG/USD holds losses below $77.00 due to renewed US-Iran tensions

Finance　　Silver Price Forecast: XAG/USD holds losses below $77.00 due to renewed US-Iran tensions　　Silver price (XAG/USD) remains subdued for the second successive day, trading around $76.90 per troy ounce during the Asian hours on Wednesday. The non-interest-bearing white metal holds losses due to renewed tensions and ongoing uncertainty around the strategic Strait of Hormuz. However, traders track potential progress toward a US-Iran peace agreement.　　The diplomatic friction comes amid fresh military clashes in the region, which increases fears of an energy-driven inflation shock, strengthening expectations that central banks could keep monetary policy tighter for longer.　　The US military confirmed it launched self-defense strikes in southern Iran, while Irans Revolutionary Guard claimed it targeted an American F-35 fighter jet and several drones that had allegedly violated Iranian airspace.　　Irans foreign ministry has condemned recent US airstrikes in the southern Hormozgan province, labeling them a “gross violation” of a tenuous, seven-week-old ceasefire. The statement followed reports from Iranian media of explosions echoing through the region early Tuesday morning.　　Traders assess the Federal Reserves monetary outlook, which heavily influences the price of non-yielding Silver. The US Consumer Confidence Index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April. The decline was fueled

05-27Industry

BoJs official: Financial conditions remain easy in Japan, underpinning economic activity

Finance　　BoJs official: Financial conditions remain easy in Japan, underpinning economic activity　　A Bank of Japan (BoJ) official told Parliament during the Asian session on Wednesday that financial conditions in Japan remain easy, backing strong economic activity, a scenario that leaves room for tightening monetary conditions further.　　Additional remarks　　Japans job, income conditions improving moderately.　　Japans real, long-term rate level remains negative in short-, medium-term zone that has biggest effect on economic activity.　　Rising long-term rates do push up corporate borrowing costs but must be considered in tandem with fact corporate profits remain at high levels.　　Market reaction　　No major impact seen in the Japanese Yen (JPY) after comments from a BoJ official. As of writing, USD/JPY trades marginally lower to near 159.25.

05-27Industry

Kelp DAO Restores rsETH After $293M Hack, Completes Recovery

Kelp DAO has fully restored the backing for its liquid restaked token, rsETH, five weeks after a $293 million exploit compromised the protocol‘s cross-chain bridge infrastructure. The incident, attributed to North Korea’s Lazarus Group, caused significant disruption across the decentralized finance (DeFi) ecosystem.　　The final tranche of 20,373.7 rsETH was transferred on May 25 to the LayerZero smart contract responsible for managing the token‘s cross-chain activity. This marks the completion of Kelp DAO’s recovery plan, which relied heavily on community and industry contributions. According to Kelps post on X (formerly Twitter), rsETH mints, redemptions, and rewards operations have resumed normal functionality.　　The hack on April 18 exploited vulnerabilities in Kelps LayerZero-powered bridge, enabling the fraudulent minting of 116,500 rsETH—valued at approximately $292–$300 million. The attack disrupted liquidity in DeFi markets, with Aave suffering particularly severe impacts as the attacker leveraged stolen rsETH as collateral. This resulted in $190 million in bad debt for Aave and catalyzed net outflows that halved its total value locked (TVL) from $26.4 billion to under $14 billion, according to DefiLlama data.　　Industry-Wide Recovery Efforts　　In the wake of the exploit, Kelp DAO launched a comprehensive recovery initiative backed by over $300 million in pledges from DeFi protocols and organizations

05-27Industry

BitMine’s $5m ETH bet makes Ethereum’s decentralization look fragile

BitMine Immersion Technologies now controls 5,390,404 ETH—around 4.47% of Ethereums total supply—after quietly accelerating its “5% Alchemy” accumulation strategy to within striking distance of its self-imposed goal.BMNR reports holding 5.39 million Ethereum (ETH) at an average entry of $2,134, plus $444 million in cash, for combined crypto, cash and “moonshot” assets of $12.3 billion.The company says it has staked roughly 4.71 million ETH—worth about $10.1 billion at recent prices—with expected annual staking income of $276 million at a 2.75% annualized yield.One listed corporate treasury now controls a low-single-digit slice of Ethereums supply and an even larger share of its active validator set, raising uncomfortable questions about network governance and consensus capture.　　As of May 25, BitMine Immersion Technologies says its treasury has reached 5,390,404 ETH held at an average acquisition price of $2,134, representing 4.47% of Ethereum‘s roughly 120.7 million coin supply. According to the company’s latest release, that stash sits alongside 203 BTC, $200 million in Beast Industries equity, $95 million in Eightco Holdings “moonshot” exposure and $444 million in cash, bringing total crypto, cash and moonshot assets to $12.3 billion.　　BMNR frames this as progress toward what chairman Tom Lee has branded the “Alchemy of 5%”—a plan to acquire roughly

05-27Ethereum

Tom Lees Bitmine (BMNR) bought $237 million worth of ether (ETH) last week

Bitmine Immersion (BMNR), the Ethereum treasury firm helmed by chairman Tom Lee, ramped up purchases again, making its biggest haul since December.　　The company said Monday it bought 111,942 ether (ETH) last week, worth around $237 million at current prices. That lifted the firm‘s holdings to almost 5.4 million ETH, about 4.47% of Ethereum’s circulating supply.　　The purchase marks a renewed acceleration in Bitmines buying pace after Lee said earlier in May at Consensus 2026 in Miami that the company planned to slow weekly accumulation. The shift happened as the firm aims to take advantage of ETH sliding from $2,400 in early May and April to near $2,100.　　“We continue to steadily acquire ETH,” Lee said in the statement. “We view the recent pullback of ETH to below $2,200 as an attractive opportunity.”　　Lee added that the firm is expected to reach its goal to corner 5% of ethers supply later in 2026.　　Bitmines total crypto and cash holdings stand at $12.3 billion, according to the report. The company also holds 203 bitcoin, $444 million in cash and equity stakes including investments in Beast Industries and Eightco Holdings.　　The firm said it has staked more than 4.7 million ETH — about 87% of its holdings —

05-27Ethereum

Ex-Hodlnaut CEO Charged For False Statements on TerraUSD Exposure

Tech　　Ex-Hodlnaut CEO Charged For False Statements on TerraUSD ExposureEx-Hodlnaut CEO Zhu Juntao faces charges over misleading TerraUSD exposure claims.Zhu falsely claimed Hodlnaut had no direct UST exposure after the 2022 collapse.Zhu could face up to 20 years in prison amid scrutiny of failed crypto lenders.　　Former Hodlnaut Chief Executive Officer (CEO) Zhu Juntao (Zhu) is facing six charges of fraud by false representation for allegedly misleading users about Hodlnauts exposure to the TerraUSD (UST) price crash via Telegram, email, and Twitter between May and July 2022. Hodlnaut, with over 30,000 users, froze withdrawals and collapsed in August 2022 amid the broader market crash triggered by the UST depegging and Luna failure.　　Former Hodlnaut CEO Charged for False TerraUSD Claims　　On 26 May 2026, Zhu Juntao, the 36-year-old former Chief Executive Officer of the now-defunct cryptocurrency lending platform Hodlnaut, was charged in court with six counts of fraud by false representation. The charges comprise three counts under Section 424A(1)(a) read with Section 424A(3) of the Penal Code 1871, and three additional counts under the same provision read together with Section 109 of the Penal Code 1871.　　Hodlnaut was a Singapore-based crypto lending platform that served more than 30,000 users globally. It allowed customers to deposit

05-27Industry

XRPL AMM Proposal Could Improve Liquidity for Tokenized Asset Trades

Tech　　XRPL AMM Proposal Could Improve Liquidity for Tokenized Asset TradesXRP Ledger developers have proposed a draft AMM Swappable Curves amendment to expand the networks DeFi tools.The proposal would add constant product, concentrated liquidity, and StableSwap curve options to XRPL AMM pools.The draft would let liquidity providers choose how new pools price trades when the pool is created.Existing XRPL AMM pools would remain unchanged and would not need forced migration.The upgrade could help stablecoin pairs and tokenized assets trade with better capital efficiency.　　XRP Ledger has moved closer to a DeFi upgrade that could give liquidity providers more control over how AMM pools price trades.　　The XRPL Standards repository published the draft amendment under the title “AMM Swappable Curves,” with the proposal describing a plan to add constant product, concentrated liquidity, and StableSwap curve options to the ledgers automated market maker.　　The draft was authored by XRPL core developers Denis Angell and Roman Thpt. The report said the proposal remains at the draft stage and would need a separate amendment vote before it could activate on the XRP Ledger.　　XRPL AMM Proposal Targets Liquidity Design　　According to the XRPL Standards discussion, the current XLS-30 AMM uses one constant product model with liquidity spread across the full

05-27Industry

XRP Faces Critical Test as Uganda Genomic Pilot Meets Binance Liquidity Drought

Tech　　XRP Faces Critical Test as Uganda Genomic Pilot Meets Binance Liquidity Drought　　XRP faces a three-way test this week. An XRPL pilot in Uganda just launched, Binance spot liquidity hit a January 2020 low, and the daily chart now compresses inside a tightening symmetrical triangle near key support.　　The altcoin traded near $1.33 on May 26, down 2.1% on the day. Price now tests the lower trendline of a symmetrical triangle, where adoption news and weakening market structure collide.　　Uganda Pilot Pushes XRPL Into Genomic Identity　　DNA Protocol confirmed on Tuesday that its Uganda pilots process genomic identity data from certified labs. The system generates zero-knowledge proofs and anchors them on the XRP Ledger Testnet.　　DNA Protocol positions the design as a privacy-preserving way to validate genetic credentials without exposing the raw data. Ugandas pilot routes lab outputs into proofs that any verifier can check on XRPL Testnet, the team said.　　Uganda is now running pilot programs through DNA Protocol, processing genomic identity data from certified labs and generating zero-knowledge proofs anchored on the #XRPL Testnet. ????????　　Mainnet deployment will utilize the $XDNA $XRP dual burn mechanism.　　For further information on… pic.twitter.com/bUfh3SsPOq　　— DNA Protocol (@DNAOnChain) May 26, 2026　　Mainnet deployment will run through a dual burn mechanism between XDNA

05-27Industry

Scammers Steal Over $400,000 Via Fake Uniswap Google Ads

Tech　　Scammers Steal Over $400,000 Via Fake Uniswap Google AdsScammers have stolen at least $400,000 by promoting fake Uniswap sites through Google sponsored ads.Google Search phishing attacks have surged since March, with attackers often buying or compromising ads.This signals ongoing DeFi interfaces risks as phishing attacks targeting popular protocols intensify.　　Scammers have stolen at least $400,000 through fake Uniswap Google Ads. The stolen funds reportedly came from users who were redirected to phishing sites impersonating Uniswap after clicking sponsored Google ads.　　On May 25, 2026, on-chain analyst b-block issued a community warning that scammers were actively draining funds through a phishing website impersonating Uniswap. The attackers had stolen over $400,000, including at least 146.6 Ethereum (ETH), as well as other tokens and cross-chain assets. The stolen funds were traced to two addresses, including:0x37925684BA178821b4436E06e67f5dBD6cfA49Bb0x2fC25F46cC49D226eF92E9A7665f3d2821F3c5E2　　Meanwhile, the Security Alliance (SEAL) previously said Google Search phishing campaigns have risen sharply since March, with attackers often buying ads or compromising legitimate ad accounts to impersonate popular crypto protocols.　　How Fake Uniswap Google Ads Enabled the Phishing Scam　　Notably, the scammers purchased sponsored ad placements on Google that appeared at the top of search results for “Uniswap.” When users clicked these ads, they were directed to counterfeit websites that closely impersonated

05-27Industry

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