Latest Crypto News & Market Updates

Verus Hacker Returns $8.5M in ETH After Accepting Bounty Deal

The exploiter kept 1,350 ETH, valued at around $2.8 million, as part of the agreement after Verus proposed treating the remaining funds as a white hat reward if most of the stolen assets were returned within 24 hours. The exploit targeted the Verus-Ethereum bridge through a forged cross-chain transfer vulnerability, and only added to concerns around DeFi security and bridge-related attacks in the crypto sector.　　Verus Exploiter Returns Most Stolen ETH　　The attacker behind the recent Verus bridge exploit the majority of the stolen funds after reaching an agreement with the project team. According to blockchain security firm PeckShield, the exploiter transferred 4,052 ETH back to the Verus team wallet, which is valued at approximately $8.5 million. In exchange, the attacker kept 1,350 ETH, worth roughly $2.8 million, as part of a negotiated bounty arrangement that was offered by the project.　　The agreement was made shortly after Verus publicly proposed a settlement to the attacker. The team stated that if 4,052.4 ETH was returned within 24 hours, the remaining funds would be considered a legitimate white hat bounty rather than stolen assets. The exploiter ultimately accepted the proposal, which allowed the project to recover around 75% of the total funds lost during the

05-23Ethereum

Researcher Proposes $1 Billion Plan to Save Ethereum

Dankrad Feist, a former Ethereum Foundation researcher, has called on the community to build a new ETH-aligned organization with at least $1 billion in funding, arguing it is the only credible path to putting Ethereum back on a winning trajectory.　　His proposal, posted on X, arrives as at least eight senior EF members departed in 2026, with five leaving in May alone.　　A Framework for ETH Alignment　　Feist sketched out four requirements for the new body. It needs at least $1 billion in credible funding and a competent leader willing to fight for the protocols interests. A board explicitly accountable to ether (ETH) holders and a permanent staking revenue stream would complete the structure.　　He put his case directly.　　The way to save Ethereum: The community needs to create an organization thats economically aligned with Ethereum and accountable to it.　　The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it.　　If we want to get Ethereum back to…　　— Dankrad Feist (@dankrad) May 21, 2026　　“The community needs to create an organisation thats economically aligned with Ethereum and accountable to it.”　　Feist framed $1 billion as a proportionate starting point, noting the figure is “very reasonable for an

05-23Ethereum

Ethereum (ETH) Price Prediction: ETH Holds $2,100 Support as Bulls Eye Recovery Towards $2,880

Ethereum price turns cautious as ETH holds near $2,100 support, with analysts watching $2,170, $2,327, $2,400, and $2,880 as the next key levels.　　Ethereum is still trying to defend a critical short-term zone after a weak weekly stretch. According to Brave New Coin data, ETH is trading near $2,115, down around 1.09% over the past seven days, while 24-hour asset volume remains elevated near $9.74 billion. ETH is holding near the same region where several analysts are watching for either a recovery attempt or another deeper liquidity sweep before the next larger move.　　$2,150 Resistance Becomes the Main Battleground　　Ethereum is now pressing into the $2,150 resistance area, which has become the first major level buyers need to reclaim. After the latest pullback, ETH is trying to recover from the lower range, but the move only becomes meaningful if the price can break and hold above this zone.　　The chart shared by Elja shows ETH pushing into a short-term breakout area, with price forming higher lows underneath resistance. This makes the setup more constructive than a simple bounce, but confirmation still matters. A clean candle close above $2,150–$2,170 would show buyers are taking back control and could open the way towards $2,200–$2,327.　　Broken Trendline Keeps

05-23Ethereum

Why Did Harvard Dump Its Entire $87M Ethereum ETF After 3 Months?

Harvard Management Company has sold its entire $87 million position in BlackRocks iShares Ethereum ETF during the first quarter of 2026, according to its latest 13F filing with the U.S. Securities and Exchange Commission. The move ended a short-lived exposure to Ethereum through an exchange-traded product that had been opened in the fourth quarter of 2025.　　The shows that Harvard exited the Ethereum ETF position during a weak period for the broader crypto market. Ethereum fell sharply in early 2026, reaching the $1,800 area in February as investors reduced exposure to risk assets. ETH has also remained under pressure in recent weeks, declining over the past month as sentiment toward the asset weakened.　　Harvard did not provide a public explanation for the sale in the filing. The move may reflect portfolio rebalancing, risk management, or a decision to reduce exposure after Ethereums price decline. The transaction involved ETF shares rather than Ethereum held directly onchain, meaning the sale did not represent a direct transfer of ETH from Harvard-controlled crypto wallets.　　Harvard Cuts Ethereum ETF Exposure　　Harvard Management Company manages Harvard Universitys endowment fund and regularly reports certain public holdings through quarterly 13F filings. The latest filing showed a full exit from the Ethereum ETF

05-23Ethereum

Bitcoin liquidation map shows $1.29b risk below $73.8k

If Bitcoin drops below $73,786, more than $1.29 billion in leveraged long positions could be liquidated across major centralized exchanges, according to derivatives analytics platform Coinglass.　　Fresh data from Coinglass show that if Bitcoin ($BTC) falls under $73,786, cumulative long liquidation intensity on mainstream centralized exchanges reaches roughly $1.291 billion, highlighting just how crowded leveraged bullish bets have become near all time highs.　　Bitcoin Open Interest S WHY BITCOIN IS DUMPING RIGHT NOW:　　BYBIT DUMPING MILLIONS IN $BTC　　WHALES DUMPING MILLIONS IN $BTC　　COINBASE DUMPING MILLIONS IN $BTC　　BINANCE DUMPING MILLIONS IN $BTC　　WINTERMUTE DUMPING MILLIONS IN $BTC　　THEY SOLD OVER $2B OF $BTC　　RIGHT AFTER THE U.S MARKET OPEN…　　— ardizor ????‍♂️ (@ardizor) May 22, 2026　　These levels sit inside a broader trapdoor and squeeze zone Coinglass mapped out in April, when the platform warned that a break below $73,610 could trigger around $2.221 billion in $BTC long liquidations, while a move above $81,264 would expose roughly $913 million in shorts to forced buybacks.　　At the time, Coinglass described the band between those thresholds as a “$3.1 billion liquidation minefield” for traders trying to play Bitcoins breakout, underscoring how derivatives positioning now drives violent intraday swings.　　A separate snapshot in March, cited by a previous crypto.news liquidation report, showed about $2.056 billion

05-23Exchange

Chainlinks CCIP stack drives $110b in value secured, overtaking DeFi oracles

Chainlink now secures more than $110 billion in onchain value across cross chain tokens and DeFi markets, underlining how central the oracle network has become to the infrastructure of digital assets and tokenised finance.　　Chainlink ($LINK) has pushed past $110 billion in Total Value Secured (TVS), marking a new record for the oracle network and underscoring how much of cryptos plumbing now runs through its rails.　　As of May 22, 2026, roughly $60 billion of that is tied to cross-chain tokens moving over Chainlinks CCIP, while around $50 billion sits in DeFi data feeds that help price loans, derivatives, and stablecoins. In macro terms, that stack of value is now on par with the annual GDP of a mid-sized national economy.　　Chainlink officially stepped in to tally the stats—7 top protocols that recently migrated over to CCIP and Data Feeds, with total migrated TVL exceeding $4 billion. CCIP: – Kelp DAO: $1.5 billion – Lombard: $1 billion+ – Solv Protocol: $700 million+ – Re: $475 million+ – Kraken: $330 million+ – Tenbin: Not disclosed.　　Chainlink defines Total Value Secured as the dollar value of assets that rely on its services to function safely, rather than deposits locked inside its own contracts, which means TVS

05-23Exchange

Bitget Kicks Off Second Year Supporting UNICEFs Game Changers Coalition

Bitget announced the start of its second-year partnership with UNICEFs Game Changers Coalition today.　　Since its launch in 2025, the coalition has reached over 642,000 individuals, including young people, parents, and teachers across eight countries.　　This year, the coalitions vision is to reach a new phase of growth with the addition of financial literacy and AI modules in its curriculum.　　Giving Broader Access to Technology Education　　There are places in the world where the modern core of technology education hasn‘t reached yet. GCC, a global initiative that UNICEF’s Office of Innovation created, exists to fast-track access to digital education in underserved regions.　　The initiative brings together the private and public sector to create a technology education ecosystem, educating young people about emerging economies, especially girls. Current reports suggest that girls make up 52% of the participants of these educational programs.　　Active across countries including Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco, and South Africa, the coalitions goal is to build practical digital skills among youngsters. It aims to do so by applying community-based learning programs that are structured around an innovative curriculum.　　With in-person and online game hackathons being part of the study module, GCC expects that young peoples understanding of the modern digital economy will accelerate.　　Bitgets

05-23Industry

Polymarket exploited for $700K in private key hack

Attackers have reportedly hit prediction market platform Polymarket with a private key hack and stolen roughly $700,000 worth of crypto.　　Crypto sleuth ZachXBT first flagged the attack earlier today, noting, “A Polymarket deployer address appears to have been compromised on Polygon.”　　Crypto security firm Bubblemaps later confirmed that an exploit was underway and that the hacker was stealing 5,000 POL ($460) every 30 seconds.　　It added that the stolen funds were split across 16 addresses before being moved to centralised crypto exchanges, and that ~$700,000 has been stolen so far.　　Polymarkets developer X account said it is aware of the incident “linked to rewards payout,” and claimed, “user funds and market resolution are safe.”　　It claimed, “Findings point to a private key compromise of a wallet used for internal top-up operations, not contracts or core infrastructure.”　　Were aware of the security reports linked to rewards payout. User funds and market resolution are safe.　　Findings point to a private key compromise of a wallet used for internal top-up operations, not contracts or core infrastructure.　　More updates to follow.　　— Polymarket Developers (@PolymarketDevs) May 22, 2026　　The response from Polymarkets developer X account.　　Polymarket developer Josh Stevens also noted that the incident is “not a contract hack,” and that its likely a compromise

05-23Industry

Analyst Warns XRP Could Shake Out Traders Before Breakout

They say journalists never truly clock out. But for Christian, that‘s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.　　Christians journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).　　Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his

05-23Industry

Deckers Outdoor (DECK) Stock Climbs on Record Quarterly Performance

Deckers delivered record fourth-quarter revenue of $1.12 billion, representing a 10% increase and surpassing analyst projections of $1.09 billion.Fiscal year 2026 revenue reached $5.47 billion, climbing 10%, while adjusted earnings per share hit $7.02, an 11% increase—both exceeding consensus estimates.Hoka achieved a milestone quarter with $671 million in sales, marking 15% year-over-year growth and the brands strongest performance to date.UGG saw fourth-quarter revenue climb 9% to $409 million, fueled by expanding product categories including athletic footwear, sandals, and mens collections.Management projects fiscal 2027 revenue between $5.86 billion and $5.91 billion, with EPS forecasted at $7.30 to $7.45, targeting sustained high single-digit growth through 2030.　　Deckers Outdoor unveiled exceptional financial results for both its fourth quarter and complete fiscal year, with flagship brands Hoka and UGG surpassing market expectations and driving momentum across the portfolio.　　$DECK Q426 EARNINGS HIGHLIGHTS　　Revenue: $1.12B (Est. $1.09B) ; +10% YoY　　EPS: $0.96 (Est. $0.83)　　HOKA Sales: $671.2M; +14.5% YoY　　UGG Sales: $408.6M; +9.2% YoY　　DTC Comparable Sales: +8.2%　　FY27 Guide:　　Revenue: $5.86B-$5.91B (Est. $5.82B)　　Shares experienced an initial 4.3% surge during after-hours trading Wednesday before moderating. The stock traded approximately 1% lower in Friday‘s premarket session, hovering just above $101, following a 4.5% gain during Thursday’s regular session. Year-to-date, shares remain down roughly 1%, and

05-23Industry

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