Latest Crypto News & Market Updates

Ex-Celsius Exec Sentenced to Time Served after Guilty Plea

Tech　　Ex-Celsius Exec Sentenced to Time Served after Guilty Plea　　A US federal judge has sentenced the former chief revenue officer of defunct cryptocurrency lending platform Celsius to time served after almost three years following his arrest on fraud and conspiracy charges.　　In a sentencing hearing in the US District Court for the Southern District of New York on Wednesday, Judge John Koeltl ordered that Roni Cohen-Pavon be sentenced to time served and one year of supervised release for his role in manipulating the price of Celsiuss CEL token and fraud on the platform.　　The former chief revenue officer initially pleaded not guilty to four charges following his arrest in September 2023, changing his plea to guilty about a week later.　　Cohen-Pavon was indicted along with former CEO Alex Mashinsky in July 2023 after the 2022 collapse of Celsius, which led to billions of dollars worth of investor and user losses.　　Cohen-Pavon, an Israeli citizen and resident, was outside the US when prosecutors filed the indictment, but later reentered the country for his arraignment. He posted a $500,000 bond in September 2023 and has been free to travel with some restrictions.　　With the sentencing of Cohen-Pavon and Mashinsky, who is already serving 12 years following his guilty

05-15Industry

LMAX Group launches Kiosk for digital asset collateral management

Tech　　LMAX Group launches Kiosk for digital asset collateral management　　LMAX Group, the London-based institutional trading venue, just rolled out a product that treats digital assets less like speculative playthings and more like what traditional finance already uses: collateral. The new platform, called Kiosk, lets banks, brokers, and asset managers deposit digital assets into LMAX Custody and then leverage those holdings as margin to trade across entirely different asset classes.　　Your Bitcoin or Ether sits in custody, and instead of just sitting there, it backs your positions in spot foreign exchange, precious metals, contracts for difference, perpetual futures, and other digital assets.　　What Kiosk actually does　　The platform, which launched on May 12 in London, is a fully hosted portal designed to consolidate what has historically been a fragmented mess. Kiosk bundles deposits, withdrawals, and security management into a single interface.　　The target audience here is LMAX Groups existing network of over 600 institutional clients. They are banks and asset managers who already hold digital assets and want to put them to work without the operational headache of constantly reshuffling collateral across disconnected systems.　　LMAX CEO David Mercer framed Kiosk as foundational infrastructure for modern capital markets, combining custody, connectivity, and collateral access into a single layer.　　Where

05-15Industry

Analyst Reveals What CLARITY Act Passing Today Means for Bitcoin, Ethereum and XRP Prices

The post Analyst Reveals What CLARITY Act Passing Today Means for Bitcoin, Ethereum and XRP Prices appeared first on Coinpedia Fintech News　　The CLARITY Act cleared the Senate Banking Committee on Thursday in a 15-9 vote, marking the most important step yet for the most important crypto regulation bill in US history. Markets responded immediately. Bitcoin climbed to $81,449, Ethereum rose to $2,288, and XRP surged 4.51% to $1.49, leading major altcoins higher on the news.　　Crypto analyst Michaël van de Poppe broke down what comes next and what it actually means for prices across the major digital assets.　　The Path Forward Is Not Simple　　Van de Poppe opened up about the procedural challenges still ahead. The bill now moves to the full Senate where it needs 60 votes to pass. Only two Democrats joined Republicans on the committee vote, which means significant outreach across the aisle is still required.　　From there it heads to House reconciliation, which should be largely a formality since the House already approved an earlier version of the bill. After presidential signature, agency rulemaking begins, a process that typically takes one to two years before regulations actually take effect.　　The GENIUS Act for stablecoins followed exactly this timeline. The stablecoin market

05-15Ethereum

Examining whether Ondo’s rejection at $0.47 opens door to $0.26

Tech　　Examining whether Ondos rejection at $0.47 opens door to $0.26　　Ondo [ONDO] witnessed an 8.93% drop in Open Interest in the past 24 hours, and its price was down 4.78%. The altcoin has some upward momentum still – it has rallied 12% over the past week.　　This Open Interest depression signaled that speculators were likely in the process of exiting the market, awaiting the next strong trend. It must be noted that the altcoin challenged the $0.47 local high on Saturday, the 9th of May.　　Source: ONDO/USDT on TradingView　　In a recent report, AMBCrypto had warned that the 1-day structure remained bearish. A rally up to the 78.6% retracement level at $0.413 was anticipated, with a small chance of $0.47 being tested before a bearish continuation.　　News that a team-linked wallet moved Ondo tokens worth $63.9 million to Coinbase had already warned of potential sell pressure. Though momentum was strong recently, the bearish outlook appeared to have held so far.　　The bearish ONDO setup following the recent rejectionSource: X　　In a post on X, influencer Cryptorphic laid out a short setup that lined up with the 1-day ONDO chart posted earlier. If the price breached the descending trendline and went above $0.42, it would invalidate the bearish

05-15Industry

GregoAI earns $250,000 bounty through autonomous exploit discovery

Tech　　GregoAI earns $250,000 bounty through autonomous exploit discovery　　A security-focused AI just earned a quarter-million dollars for finding a bug that human auditors missed. No human designed the exploit. No human guided the analysis. The machine did it alone.　　Grego AI, a startup founded in 2024, announced that its multi-agent system autonomously identified a critical vulnerability in a major blockchain protocol. The flaw could have enabled a $27.7M theft. The affected project responded by awarding a $250,000 bug bounty, which Grego AI says is the largest ever paid for a vulnerability discovered solely by artificial intelligence without human intervention in exploit design.　　How the system actually works　　Grego AI calls its approach “Deep Invariant Analysis.” The system ingests a protocols complete codebase, builds dependency maps across the entire architecture, then deploys sandboxed agents that synthesize and test potential exploits. The agents analyze more than seven layers of dependencies, hunting for attack paths that traditional auditing methods might overlook.　　The sandbox element is critical. Rather than probing live protocols and risking actual damage, the system creates isolated environments where it can attempt exploits safely. When an agent finds something promising, it generates a proof-of-concept exploit to verify the vulnerability is real and quantifiable.　　A track record of

05-15Industry

Japanese Yen slides to two-week low vs USD as bears retain control

Finance　　Japanese Yen slides to two-week low vs USD as bears retain control　　The USD/JPY pair touches a two-week high during the Asian session on Friday and looks to extend the weekly uptrend amid a broadly firmer US Dollar (USD). Spot prices remain on track to register strong weekly gains and currently trade just below the 158.50 level, up slightly for the fifth consecutive day.　　Traders ramped up their bets for an interest rate hike by the US Federal Reserve (Fed) in 2026 following the release of hotter-than-expected US inflation figures earlier this week. Adding to this, US Retail Sales expanded for the third straight month in April, reflecting a robust consumer spending and reaffirming hawkish Fed expectations. This, along with persistent geopolitical uncertainties, lifts the USD to a fresh monthly peak and acts as a tailwind for the USD/JPY pair.　　Peace talks between the US and Iran remain in limbo amid broader disagreements over Tehrans nuclear program and the Strait of Hormuz. Moreover, US-China relations have stabilized following a high-level summit between President Donald Trump and President Xi Jinping. The International Monetary Fund (IMF) formally welcomed the constructive dialogue, noting that lowering trade tensions and reducing economic uncertainty are highly beneficial for global

05-15Industry

Analyst Reveals What CLARITY Act Passing Today Means for Bitcoin, Ethereum and XRP Prices

05-15Industry

DGrid AI Partners with AltLLM to Drive Crypto AI Framework and Web3 Growth

DGrid AI, a popular decentralized AI infrastructure company, has partnered with AltLLM, a crypto-native AI network. The partnership aims to advance the development of robust crypto-native AI infrastructure as well as the wider Web3 adoption. As per DGrid AIs official social media announcement, the move focuses on merging its infrastructure capabilities with the AI-led crypto products of AltLLM to develop relatively efficient and scalable solutions for decentralized AI. Hence, both entities endeavor to improve infrastructure coordination, market expansion, and ecosystem growth via resilient AI integration.　　DGrid AI and AltLLM Join Forces to Develop Scalable Crypto AI Infrastructure　　DGrid AI‘s collaboration attempts to combine its infrastructure expertise and AltLLM’s advanced AI-led crypto products for the development of more effective and scalable decentralized AI solutions. The development highlights a rising market trend where AI and blockchain projects are merging to deliver more autonomous and smarter dApps. In this respect, AltLLM is developing a crypto-native AI network to link robust AI instruments with real blockchain-based utilities.　　Apart from that, AltLLMs flagship offerings, such as AltClaw and AltLLM Chat, are set to deliver Web3-focused AI experiences with backing from embedded crypto intelligence, along with independent agent capabilities. The respective tools are anticipated to assist consumers in interacting

05-15Industry

Japan’s Katayama says will act flexibly to safeguard peoples livelihood

Finance　　Japan‘s Katayama says will act flexibly to safeguard people’s livelihood　　Japans Finance Minister Satsuki Katayama said that she will attend the G7 meeting in France from May 17, Reuters reported on Friday. Katayama further stated that Japan will take a flexible approach to protecting household livelihoods as energy import costs continue to climb in the wake of Middle East supply disruptions.　　Key quotes　　Plans to visit France from May 17 for G7 finance ministers meeting.　　Will monitor impact of energy import costs on electricity for now.　　Has 1 trillion yen in reserve for fiscal 2026 budget, no urgent need for additional budget.　　Will act flexibly to safeguard peoples livelihood.　　Bond yields are increasing worldwide, including UK and US, G7 talks likely to address issue.　　Market reaction　　As of writing, the USD/JPY pair is up 0.07% on the day at 158.48.

05-15Industry

Zcash drops 10% – Yet THIS ZEC support range still matters most

Tech　　Zcash drops 10% – Yet THIS ZEC support range still matters most　　After a week of strong upside momentum, Zcash [ZEC] entered a correction phase. The token dropped more than 10% over the past 24 hours following its recent breakout rally.　　Even so, the decline still appeared more like a market reset than a full structural breakdown.　　At press time, ZEC moved toward a key imbalance zone between $505 and $439. That range may shape the next major move.　　Why did ZEC momentum weaken？　　The correction gained strength as long liquidations accelerated across the derivatives market. Over $7.84 million in long positions were wiped out in the past 24 hours.　　Source: CoinGlass　　Forced selling after strong rallies often intensifies downside pressure, especially when leverage becomes overcrowded. At the same time, Open Interest dropped sharply.　　ZEC Open Interest fell by more than $500 million over the last five days, showing traders closed positions instead of adding exposure.　　That shift pointed to cooling market participation rather than aggressive bearish expansion.　　Source: CoinGlass　　The combination of falling Open Interest and rising liquidations often reflects a momentum reset instead of fresh bearish conviction.　　Are bearish traders fully in control？　　Roughly 57% of positions turned short during the correction phase.　　However, bearish positioning did not arrive alongside stronger market

05-15Industry

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