Crypto Industry News & Market Trends

Bengaluru hacker caught after seven years in crypto heist probe

Indias Enforcement Directorate (ED) arrested the main suspect in a long running Bitcoin theft case on Saturday, pulling in two associates with him in Bengaluru.　　The ED arrested Srikrishna, who goes by Sriki, along with Robin Khandeval and Sunish Hegde.　　Theyre facing accusations tied to a cryptocurrency fraud worth Rs 11.5 crore, ~$1.3 million, according to local media outlets. A special court gave the ED 10 days of custody to dig deeper.　　This scam goes back to 2017. Thats when Sriki and his crew allegedly broke into national and international websites and made off with Bitcoin.　　The stolen coins included a haul from a Dubai exchange, investigators think. The crypto then got funneled to people with political ties in Karnataka.　　Sriki first landed on law enforcements radar in November 2020. He got arrested for allegedly buying hydro ganja on the dark web using Bitcoin.　　Indias ED has been chasing this Bitcoin scam for years now. The police are investigating illegal crypto transactions, hacking, and various financial irregularities.　　The case kicked up a lot of political noise in Karnataka. On April 20, the ED raided 12 locations linked to the accused and their associates.　　Among the targets, places connected to Mohammed Haris Nalapad and Omar Farook Nalapad, sons of

05-10Industry

Revolut Bitcoin Glitch Shows BTC Near $0.02 After Data Issue

Revolut briefly showed Bitcoin near $0.02, causing concern among crypto app users.The platform traced the false Bitcoin price alert to a third-party data provider problem.The glitch did not affect trades, user balances, customer funds, or the crypto market.　　A false Bitcoin price alert on Revolut triggered concern among crypto users after the app briefly showed BTC trading near $0.02. The display error appeared in charts and push notifications, although Bitcoin continued to trade near $80,000 at the time of the incident.　　Screenshots of the alert spread across X soon after the glitch appeared. One user shared a notification from Revolut that said, “BTC reaches a 52-week low. The price of BTC has dropped to $0.02.”　　Revolut Bitcoin Glitch Traced to Third-Party Provider　　The alert caused concern because it suggested a major Bitcoin crash. However, the price shown inside the app did not reflect real market conditions. Bitcoin was not trading near zero on major exchanges during the incident.　　Revolut later confirmed that the issue came from a third-party service disruption. The company said the problem affected inaccurate pricing on its platform and had already been fixed.　　A spokesperson said the pricing issue had been rectified and that the app was again showing market conditions correctly. The

05-10Industry

Claude & TradingView Setup Shows AI Trading Assistant Workflow

Analyst ItsRagnar shared a guide on connecting Claude Code with TradingView through an MCP bridge.The setup requires TradingView desktop, Claude Code, Node.js 18 or higher, and a supported computer.Claude can open charts, add indicators, summarize tickers, and support Pine Script workflows.　　Analyst ItsRagnar shared a guide on building an AI trading assistant using Claude Code and TradingView. The setup connects Claude with live TradingView charts through an MCP bridge, giving users a way to automate chart analysis and crypto workflow tasks.　　The guide focuses on practical setup rather than theory. It shows how Claude can open charts, add indicators, read live market data, and summarize watchlists, while later steps can link the workflow with exchange tools such as Kraken CLI.　　Claude Links to TradingView　　According to the source, the workflow uses TradingView MCP Bridge, a GitHub project built to connect Claude Code with the locally running TradingView desktop app. The bridge uses the Chrome DevTools protocol, allowing Claude to interact with chart data directly.　　The setup requires a valid TradingView subscription, the TradingView desktop app, Claude Code, Node.js 18 or newer, and a computer running macOS, Windows, or Linux. Users can install Node.js from its official site, then follow the quick install instructions from the

05-10Industry

CreatorX And VitalVEDA Partner To Unlock New DApp Opportunities Across Creator Engagement, Health Wellness, And Web3 Communities

In a groundbreaking move to increase Web3 creators‘ access to advanced DApps (decentralized applications), CreatorX, a Web3-based creator asset management platform, today announced a strategic partnership with VitalVEDA, a Web3 fitness platform. This collaboration enabled CreatorX to integrate with VitalVEDA’s Web3 fitness infrastructure, allowing users on its creator asset management platform to access wellness decentralized services and interact with wider Web3 communities.　　CreatorX is a Web3-based asset issuance and trading platform that provides branding, monetization, and financial solutions for global content creators through its Web3 creator economy ecosystem. The platform enables quick friend network building, allows content creators to earn by posting images, videos, and livestreams, while its multi-layered incentive system facilitates fan tipping, revenue sharing, and task rewards.　　???? CreatorX x VitalVEDA Strategic Partnership ????　　Excited to announce our strategic partnership with @veda_vital — the AI-powered fitness ecosystem transforming workouts through real-time camera tracking, gamified engagement, and interactive rewards.　　Together, CreatorX and…　　— CreatorX (@CXInc_SocialFi) May 9, 2026　　CreatorX Connects Creator Economy With VitalVEDAs Web3 Fitness Network　　The partnership above enabled the integration of CreatorX‘s platform with VitalVEDA’s Web3 fitness network, enabling CreatorX users to participate in fitness DApps such as move-and-earn apps, play-and-earn games, and various gamified fitness utilities to get them physically moving and

05-10Industry

Senate panel considers CLARITY Act as banking groups propose stablecoin yield changes

The Senate Banking Committee is gearing up to mark up the CLARITY Act, and the banking industry wants to make sure stablecoins dont start looking too much like savings accounts. A coalition of major banking groups, including the American Bankers Association, is lobbying hard against provisions that would allow stablecoin issuers to offer anything resembling interest payments to holders.　　The Tillis-Alsobrooks compromise　　Senators Thom Tillis and Angela Alsobrooks brokered a bipartisan deal that attempts to split the difference. The compromise prohibits passive interest-like yields on payment stablecoins, the kind of set-it-and-forget-it returns that would make a stablecoin functionally identical to a bank deposit. What it does allow: activity-based rewards tied to trading or platform usage.　　Senator Tillis framed the compromise as a firewall. The deal, he stated, prevents stablecoin rewards from mimicking bank deposit interest.　　The banking coalition specifically targeted Section 404 of the bill. Their argument: the provision as originally written risks deposit flight and could undermine the capital base that community banks and regional lenders depend on.　　Legislative timeline and momentum　　The Senate Banking Committee has scheduled its markup for the week of May 11, with a potential committee vote targeted for May 14, 2026. Senate leadership is pushing for expedited passage, aiming to

05-10Industry

Aave v4 deposits on Ethereum surpass $50M, doubling in just one month

Ethereum　　Aave v4 deposits on Ethereum surpass $50M, doubling in just one month　　Aave v4, the newest iteration of DeFis dominant lending protocol, has crossed $50 million in deposits on Ethereum. That figure represents a clean 100% increase from roughly $25 million just a month earlier, according to DeFiLlama data.　　How Aave v4 got here　　The Aave DAO overwhelmingly approved the activation of v4 on May 4, 2026. The governance vote wasnt just a rubber stamp. It came with a deliberate framework: launch conservatively first, then gradually loosen the parameters over time.　　That means credit lines and asset onboarding are still relatively restricted compared to what v4 will eventually support.　　The conservative approach wasnt born from excessive caution for its own sake. It was a direct response to real events. Back in March 2026, the DeFi ecosystem was rattled by a slippage incident that resulted in approximately $50 million in losses during a swap. MEV bots extracted significant profits during that event, which put a spotlight on the persistent liquidity risks lurking in decentralized finance.　　That incident cast a long shadow. It forced Aaves governance community to think carefully about how v4 should be introduced. The answer was: slowly, with guardrails, and with a follow-up vote planned

05-10Ethereum

BlackRock To Launch Tokenized Money-Market Funds on Ethereum For Stablecoin Holders

BlackRock, the worlds largest asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to launch two tokenized money-market funds. The firm aims to use these funds to target investors who hold their cash in stablecoins, with the GENIUS Act providing more legitimacy to these stablecoins.　　BlackRock To Launch Two Tokenized Money-Market Funds　　According to a Bloomberg report, the worlds largest asset manager has filed with the SEC to launch two money-market funds for stablecoin holders. The firm plans to launch tokenized shares of its BlackRock Select Treasury-Based Liquidity Fund (BSTBL), which is worth around $6.1 billion.　　This fund notably invests in cash, U.S. Treasury bills, notes, and other securities with maturity dates of 93 days or less. The asset manager will launch tokenized shares for BSTBL on the top layer-1 network, Ethereum, which will function similarly to traditional shares.　　Meanwhile, the second tokenized fund will be the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), which the asset manager plans to launch, targeting investors who hold their cash in stablecoins and prefer self-custody to using brokerages. This fund will launch on multiple networks, according to the SEC filing.　　This move comes as the tokenization trend picks pace, with Wall Street giants moving their

05-10Ethereum

ETH Price Prediction: $2,400 Target Within 72 Hours Despite Weakening Momentum

The Immediate Setup　　Ethereum‘s price action at $2,315 tells a story of indecision masquerading as stability. The token managed a meager 1.89% daily gain, but momentum indicators are screaming caution. With RSI parked at 52.37 in dead neutral territory and MACD histogram sitting at absolute zero, buyers have clearly lost their conviction. The market is coiling for a directional break, and current positioning suggests it won’t be pretty for the bulls.　　Trading within a tight $58 daily range between $2,267 and $2,325, Ethereum is exhibiting the classic signs of a market running out of steam. Volume at $912 million on Binance shows decent institutional interest, but the lack of follow-through buying after yesterdays modest pump reveals underlying weakness that Blockchain.news traders should watch carefully.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full ETH price, calculator & analysis　　Key Levels Exposed　　The technical landscape paints a clear picture of where this battle will be fought. Immediate resistance at $2,338 aligns dangerously close to the 7-day SMA at $2,327, creating a double barrier that could cap any relief rally attempts. Above that, the $2,360 strong resistance level represents the make-or-break zone for bulls.　　Support structure tells an even

05-10Ethereum

BlackRock files for two new tokenized funds with the U.S. SEC on Ethereum

BlackRock on Friday filed two applications with the U.S. SEC aimed at expanding its footprint in tokenized finance, marking the firms biggest push into blockchain-based investment products since the launch of its BUIDL fund in 2024.　　One of the filings outlines plans for the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a fund designed to hold cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by Treasuries.　　The fund would issue what BlackRock describes as “OnChain Shares” through a framework linked to multiple public blockchains. Records of Ownership for the shares would be maintained by Securitize Transfer Agent LLC, which would serve as the official transfer agent for the product.　　The filing did not name which blockchains the fund will support at launch. Entry requires a $3 million minimum investment, restricting access to institutional buyers.　　The second filing focuses on the BlackRock Select Treasury Based Liquidity Fund (BSTBL), a traditional money-market vehicle managing close to $7 billion. BNY Mellon Investment Servicing is expected to maintain shareholder records on Ethereum using the ERC-20 token standard.　　Blockchain transactions alongside off-chain identity verification would act as the fund‘s official shareholder registry. This initiative would place one of BlackRock’s largest cash-management products directly on a public blockchain for the

05-10Ethereum

Bank of Englands Bailey warns US stablecoins could destabilize the UK in a crisis

Andrew Bailey, the governor of the Bank of England, is sounding the alarm about a scenario that should make any financial regulator lose sleep: a crisis-driven stampede of US stablecoin capital pouring into the UK with no clear redemption backstop.　　Bailey, who also chairs the Financial Stability Board, warned that US-issued stablecoins with inadequate redemption mechanisms could flood into jurisdictions like the UK during periods of financial stress. The concern isn‘t theoretical. It’s the kind of cross-border contagion risk that central bankers spend their careers trying to prevent.　　The redemption problem　　Bailey‘s specific worry is about what happens when global markets hit turbulence. Investors holding US stablecoins with weak redemption guarantees might rush to convert those holdings into assets denominated in other currencies, or park them in jurisdictions they perceive as safer. The UK, as one of the world’s largest financial centers, sits squarely in the path of those potential capital flows.　　The risk isn‘t just about the stablecoins themselves. It’s about the knock-on effects. Sudden, large capital flows can distort exchange rates, strain liquidity in domestic markets, and create volatility.　　The UKs own stablecoin playbook　　Bailey isnt just pointing fingers across the Atlantic, though. The Bank of England is actively building a comprehensive regulatory framework

05-10Industry

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