Latest Crypto News & Market Updates

Krakens Ink flagship lender taps RedStone as official oracle provider

Blockchain oracle network RedStone has been appointed the official oracle provider for the Ink ecosystem after a rapid emergency deployment during a security incident affecting Tydro, a key lending protocol on the Kraken-incubated layer 2 network.　　According to a May 15 statement, on May 4, Tydro paused all markets after its then-oracle provider, Chaos Labs, was affected by a sophisticated attack. No incorrect onchain pricing occurred and no user funds were impacted, but the event underscored the need for stronger oracle resilience.　　RedStone got the call. Within 48 hours, the team had production-ready price feeds running on Ink and had cleared Tydros full security review. Following its swift response, the project secured a long-term partnership in the Ink ecosystem.　　Inks rapid growth　　When Kraken launched its layer 2 network in December 2024, it had under $1 million in total value locked during its first month.　　That figure has since surged to over $270 million, an increase of roughly 26,900% driven by both appetite for exchange-linked DeFi and Krakens large user base, per DefiLlama. Tydro has accumulated about $205 million in TVL.　　Ink is onboarding over 10 million exchange users into onchain finance through DeFi applications and tokenized assets. As the ecosystem expands, demand is increasing for

05-16Industry

Christopher Harborne debuts on UK rich list

Christopher Harborne entered the Sunday Times Rich List in sixth place, as Parliament opened a probe into Farage.Christopher Harborne debuted sixth on the Sunday Times Rich List 2026 with an estimated £18.2bn fortune, largely tied to his Tether stake.The Parliamentary Standards Commissioner opened a formal inquiry into whether Farage should have declared Harbornes £5m personal gift before the 2024 election.Harborne has donated over £22m to Reform UK in total, including a £9m contribution that set a record for British political donations.　　The Sunday Times Rich List 2026, published on May 15, placed Christopher Harborne sixth among Britains wealthiest individuals. His estimated £18.2bn fortune derives primarily from a 12% stake in stablecoin issuer Tether, which carries an estimated valuation of approximately $200bn.　　Harborne, who has lived in Thailand for more than 20 years and holds Thai citizenship under the name Chakrit Sakunkrit, is described as the wealthiest British-born person on the 2026 list. The ranking makes him wealthier than the rest of Yorkshires top 10 combined.　　The publication of his wealth coincided with the opening of a parliamentary standards investigation. On May 15, the Parliamentary Standards Commissioner formally launched a Rule 5 inquiry into whether Farage breached the Commons Code of Conduct by failing

05-16Industry

Billionaire Druckenmiller Exits Alphabet (GOOGL), Slashes Amazon (AMZN) in Q1 2026

Alphabet Inc., GOOGL　　Stanley Druckenmillers Duquesne Family Office led the exits. The investment firm completely liquidated its 385,000-share Alphabet Class A holding throughout the first quarter. This position had been substantially expanded during Q4 2025, when Duquesne boosted it from 102,000 shares. The firm has not issued public statements explaining the rationale behind this complete withdrawal.　　Alphabet finished Friday‘s trading session at $396.78, gaining 1% for the day. Year-to-date, the stock has climbed 27% in 2026. Notably, during the January through March period, shares declined 8%, indicating Druckenmiller’s exit occurred while the stock was underperforming.　　Duquesne Establishes Broadcom Position, Nearly Eliminates Amazon　　While divesting from Alphabet, Duquesne remained aggressive in other sectors. The fund launched a new Broadcom position comprising 195,955 shares. Additionally, it established a significant stake in Caris Life Sciences totaling 1.89 million shares and acquired 315,860 shares of Revolution Medicines.　　The fund executed substantial reductions elsewhere in its portfolio. Its Amazon holdings were slashed dramatically, declining from 737,940 shares to merely 9,539 shares. Teva Pharmaceuticals was reduced from 5.87 million shares to 2.37 million, while Coupang saw its stake drop from 6.77 million shares to 2.67 million.　　Duquesne completely exited several positions during the quarter, including State Street Financial Select Sector SPDR, Cogent

05-16Industry

ASTEROID Price Coils As SpaceX Mascot Memecoin Eyes Breakout

The post ASTEROID Price Coils As SpaceX Mascot Memecoin Eyes Breakout appeared first on Coinpedia Fintech News　　ASTEROID is doing what memecoins do best: turning internet lore, community obsession, and a bizarrely specific origin story into market momentum. Except this one comes with a SpaceX angle. The Ethereum-based token tied to the “Asteroid Shiba” mascot is back on traders radar after its chart started tightening into what looks suspiciously like a classic breakout setup.　　SpaceX Mascot Narrative Fuels Fresh Attention　　The project centers around a Shiba Inu zero-gravity indicator reportedly designed by a 15-year-old for Polaris Dawn before eventually becoming associated with SpaceX culture. From there, ASTEROID launched quietly on Ethereum in late 2024 and was later handed over to the community.　　No taxes. No team allocation. Liquidity burned. The usual anti-rug checklist crypto traders scan before aping into anything remotely meme-adjacent.　　But here‘s the kicker: the narrative alone isn’t carrying this move anymore. Technical structure is starting to matter.　　ASTEROID Price Structure Tightens Aggressively　　According to the daily ASTEROID/USDT chart on MEXC, the token has entered a prolonged consolidation phase after its explosive launch rally. Price is currently trading around $0.00031657, sitting almost perfectly in the middle of a clearly defined range.　　The green demand zone between

05-16Industry

Chainlink price prediction May 2026: Is LINK undervalued or is Meme Punch the better entry point?

Poly Truth: A different kind of presale　　The other notable presale is Poly Truth, which falls into an entirely different category. It is neither a game nor a meme coin. It is a research tool made for prediction market players.　　Anyone betting on an election, a sports result, or a price target has the same problem. The information they need is spread across news sites, social platforms, and historical data, and there is rarely enough time to read all of it before placing a bet. Poly Truth does that work in the background. It pulls the data together, runs the analysis, and outputs a written brief on which side of the bet has the strongest case.　　$PTRUE runs on Ethereum with a total supply of 11.5 billion. Presale takes 40%, liquidity 17%, and staking 10%. The team allocation has a 3-month cliff and a 12-month vest. The contract has been audited by SolidProof and Coinsult, with both reports public.　　Reading all three together　　LINK is the known infrastructure play. It already trades on every major exchange, the network is doing record volume, and the price has been pinned to the same range for months while the fundamentals quietly build up. The upside is there if

05-16Industry

LAB Price Rebounds Hard After 60% Crash as Mobile App Launch Fuels Speculation

The post LAB Price Rebounds Hard After 60% Crash as Mobile App Launch Fuels Speculation appeared first on Coinpedia Fintech News　　LAB isn‘t quietly trading anymore. The token just delivered one of those classic crypto whiplash moves traders pretend to hate but secretly live for. After exploding toward an all-time high of $7.49 on May 11, LAB/USDT collapsed more than 60% within days, bottoming near $2.91 before suddenly ripping back toward $4.72 in a violent recovery. Yeah, the volatility is brutal. But the timing isn’t random.　　LAB Mobile App Ignites Fresh Momentum　　The sharp recovery arrived 48hours after LAB launched its mobile app on May 14, a product built specifically for traders glued to their phones and reacting to markets in real time. The app focuses on speed, social trading behavior, and mobile-native execution basically as they say its designed for the permanently online crypto crowd.　　Well, here‘s the kicker: the market seems split between profit-takers dumping the news and fresh users piling into the ecosystem. That’s exactly why the chart currently looks like a battlefield instead of a trend.　　Massive Rebound Grabs Trader Attention Fast　　After crashing from $7.49 to $2.91, LAB rebounded aggressively back toward $4.72 in a matter of sessions. That kind of

05-16Industry

Dogecoin Price Prediction: DOGE Tests 200 WMA Resistance

is trying to confirm a wider recovery after its market cap broke a downtrend and moved into the 200-week moving average. At the same time, the DOGE/COPPER ratio has also broken its own downtrend, adding another early signal that DOGE is attempting to regain strength.　　Dogecoin Market Cap Tests 200 WMA After DOGE Breaks Downtrend　　Dogecoins market cap is testing the 200-week moving average after breaking above a short-term downtrend, putting the next DOGE move near a key resistance zone.　　The weekly chart shared by Surf on X shows DOGE market cap at about $17.79 billion. The chart also shows a rounded bottom structure forming after a long decline from the 2024 and 2025 highs.　　Dogecoin Market Cap Weekly Chart. Source:　　DOGE market cap recently broke above a descending trendline that had capped the recovery attempt. That breakout shifted focus to the 200-week moving average, which now sits near the current market cap range.　　Surf said the 200 WMA is acting as resistance. The chart shows DOGE market cap pressing into that moving average after the downtrend break, but it has not yet confirmed a clean move above it.　　The rounded bottom structure suggests DOGE market cap has been building a base after months of lower levels.

05-16Industry

TradingView Bot: how traders automate strategies through external platforms

Retail traders are increasingly using a TradingView bot setup to automate strategies developed on TradingView across crypto exchanges and brokerage platforms.　　While TradingView is widely used for chart analysis and strategy testing, the platform itself does not directly execute trades on most exchanges. Instead, traders typically connect alerts generated in Pine Script to third-party automation software capable of sending orders through exchange APIs.　　How a TradingView bot works　　In most cases, the process starts with a strategy created inside TradingView.　　When market conditions are met, the platform generates an alert that can be sent through a webhook to an external execution system. The bot then interprets the signal and places the order on the connected exchange account.　　This workflow is commonly used in crypto markets, where traders often seek continuous execution without manually monitoring charts around the clock.　　Depending on the platform, users may also configure:stop loss and take profit levels;trailing stops;position sizing rules;multi-account execution;risk limits across multiple assets.　　Why automated trading tools are gaining popularity　　The growing popularity of TradingView bot integrations reflects a broader shift toward automated execution in retail trading.　　One reason is consistency. Automated systems follow predefined rules and reduce the influence of emotional decision-making during volatile market conditions.　　Another factor is speed. Since alerts can

05-16Industry

Bitcoin Power Law Forecasts Price Bottom Of $42,800

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.　　Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.　　In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.　　In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.　　Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.　　Currently

05-16Industry

Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push

Hana Bank has agreed to acquire a significant in Dunamu, the parent company of exchange Upbit, in a move that underscores the growing convergence between South Koreas traditional banking sector and the digital asset industry.　　The bank will purchase 2.28 million shares in Dunamu from Kakao Investments for approximately $670 million (1 trillion won), according to regulatory filings released Friday. The transaction, scheduled to close on June 15, will give Hana Bank a 6.55% ownership , making it the fourth-largest shareholder in the company.　　The acquisition represents the largest investment by a South Korean bank into a digital asset business to date.　　Dunamu operates Upbit, the countrys dominant exchange and one of the largest trading platforms in Asia. The investment signals increasing confidence among established financial institutions that digital assets are becoming a permanent part of the financial system rather than a speculative fringe market.　　Hana Financial Group said the purchase is intended to strengthen its position in what it described as a new financial landscape. The bank is funding the all-cash transaction using approximately 2.78% of its equity capital.　　Kakao Investments, the investment arm of technology conglomerate Kakao Corp., confirmed it is reducing its through the sale. Following the transaction, Kakao Investments will retain

05-16Industry

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