Latest Crypto News & Market Updates

Thorchain Loses Nearly $11M as Attackers Poison Vault Churn Process Across 4 Chains – Bitcoin News

Bitcoin　　Thorchain Loses Nearly $11M as Attackers Poison Vault Churn Process Across 4 Chains – Bitcoin News　　Onchain investigator ZachXBT first flagged the incident via his Telegram channel, placing initial losses above $7.4 million before revised estimates pushed the total higher. The breach hit vaults on , Ethereum, Smart Chain, and Base.　　The attack method centered on a vault churn, a standard Thorchain process in which operators rotate in and out while assets are redistributed using threshold signature schemes. Attackers appear to have injected malicious addresses into that process, tricking the system into authorizing transfers it should not have approved.　　Stolen assets include roughly 3,443 valued at $7.77 million, 36.85 worth approximately $2.97 million, 96.6 worth around $66,000, and additional tokens, including early reports of 798,000 USDC. Three theft addresses were publicly flagged across and Ethereum for tracking by security firms.　　operators responded quickly by triggering Thorchain‘s decentralized global emergency halt through the protocol’s Mimir governance settings. The halt suspended swaps, vault churning, and signing on affected chains beginning around block 26190429. RUNE transactions on the native chain continued in limited capacity.　　RUNE, Thorchain‘s native token, fell 12 to 15% within hours of ZachXBT’s alert. The token dropped from around $0.58 to roughly $0.50 across major

05-15Industry

STRC Hits Record $1.53B Trading Volume, Says Michael Saylor

Tech　　STRC Hits Record $1.53B Trading Volume, Says Michael SaylorMichael Saylor said STRC recorded an all-time high volume day with $1.53B in liquidity.Peter Schiff renewed criticism of STRC, calling the preferred shares a centralized Ponzi.Strategys BTC buys slowed to 535 BTC last week, but traders expect buys above 10K soon.　　Michael Saylor highlighted STRCs record trading activity after the preferred stock posted what he described as an “all-time high volume” day with $1.53 billion in liquidity and just “two cents of volatility.” Strategy CEO Phong Lee also referred to the session as a “record day” on X.　　The surge in activity came as traders positioned around Strategy‘s preferred shares ahead of the May 15 ex-dividend date. Trading volume in STRC has remained elevated for weeks as investors continue funding Strategy’s Bitcoin accumulation strategy through the yield-bearing instrument.　　Bitcoin Funding Model Draws More Attention　　The trading surge comes as Strategy faces growing debate over how it finances Bitcoin purchases.　　The company currently holds 818,869 BTC and continues to raise capital through common stock sales and STRC issuance. Critics, led by veteran investor Peter Schiff, argue the structure depends too heavily on constant demand for new shares.　　Schiff recently called STRC a “classic centralized Ponzi” and claimed investors are

05-15Industry

NASDAQ 100 extends losses with 2.1% drop as inflation fears rattle tech stocks

Tech　　NASDAQ 100 extends losses with 2.1% drop as inflation fears rattle tech stocks　　The NASDAQ 100 slid 2.1% in recent trading, extending a streak of losses that has rattled investors across both traditional equities and digital assets. The selloff hit information technology stocks hardest, with the sector leading the broader decline as Wall Street digests the uncomfortable reality that the Federal Reserve may not be cutting rates anytime soon.　　The broader Nasdaq Composite also dropped 1.39%, confirming this isnt just a narrow blip.　　Inflation data changes the calculus　　Recent US inflation prints came in hotter than expected, pushing back the timeline for rate cuts that many had treated as a near-certainty. Thats a problem for growth stocks, which are essentially long-duration bets on future earnings. When interest rates stay elevated, the present value of those future cash flows shrinks, making it harder to justify paying premium prices for companies whose biggest profits are years away.　　Tech stocks, which dominate the NASDAQ 100, are particularly sensitive to this dynamic. The index is heavily weighted toward companies that trade on growth expectations rather than current profitability.　　The selloff wasnt entirely uniform, though. Take-Two Interactive managed to buck the trend, rising 6.8% intraday even as the rest of the

05-15Industry

Bybit captures 77% of CEX market share for BILL token trading

BILLs broader market activity has also drawn attention, with over $2.19 billion in 24-hour global trading volume recorded across all venues.　　Billions describes itself as a global human and AI network built on mobile-first verification, designed to confirm the identity and uniqueness of both humans and AI agents while offering users personalized experiences and rewards.　　To coincide with the tokens momentum, Bybit is running a Token Splash promotion distributing a total of 29,000,000 BILL across its Spot and Alpha platforms with 20,000,000 BILL allocated to Spot users and 9,000,000 BILL to Alpha users.　　Bybits fast listing strategy, deep liquidity, and tight spreads were cited as factors behind its dominance in early-stage token markets.　　The post Bybit captures 77% of CEX market share for BILL token trading appeared first on Finbold.

05-15Industry

BREAKING: THORChain Suffers $10M Exploit Across Bitcoin, Ethereum, BSC, Base Chains

Bitcoin Ethereum　　BREAKING: THORChain Suffers $10M Exploit Across Bitcoin, Ethereum, BSC, Base Chains　　THORChain, a decentralized cross-chain liquidity protocol, has paused trading after blockchain security researchers flagged an exploit worth over $10 million. The protocol has reportedly suffered an exploit across Bitcoin, Ethereum, BSC and Base. As a result, RUNE price crashed 12% in a few hours.　　THORChain Hit By $10M Crypto Losses in Exploit　　On-chain investigator ZachXBT on May 15 flagged an exploit on THORChain, claiming losses exceeding $10 million. The funds are stolen across multiple major blockchains, including Bitcoin, Ethereum, BNB Smart Chain (BSC), and Base.　　In response, THORChain has halted all trading and swaps via its emergency protocol to contain the damage. The exploit involved large unauthorized outflows from THORChains router contracts across the affected chains.　　Many security researchers and analytics platforms such as PeckShieldAlert revealed the attackers wallets. Notably, the wallets hold 36.85 BTC, 3,443 ETH, and 96.6 BNB, along with other tokens like USDT, USDC, and WBTC, according to Arkham data.　　THORChain Exploiter Wallets Crypto Assets. Source: Arkham　　The incident triggered THORChains built-in halt mechanism, where nodes pause operations upon detecting the exploit to protect liquidity providers (LPs). This is reportedly the second notable security event for THORChain this year, amplifying concerns about

05-15Industry

Euro: Global Euro moment still unfulfilled – ING

Finance　　Euro: Global Euro moment still unfulfilled – ING　　ING‘s Carsten Brzeski argues that Europe has yet to earn its “global euro moment” outlined by European Central Bank (ECB) President Christine Lagarde in 2025. Despite progress on initiatives like the Savings and Investment Union and capital markets reforms, he stresses that fragmented capital markets and large, underused household savings continue to limit the Euro’s strategic international role.　　Structural savings and market fragmentation persist　　“And one year ago, ECB President Christine Lagarde stood in Berlin and declared that the fracturing global order had created Europe‘s ”global euro moment“: a rare chance to step up, earn influence, and reshape the international monetary system in Europe’s favour. Twelve months on, lets be honest: the optics are not good.”　　“And yet – to borrow from Monty Python‘s Life of Brian – what has Europe ever done for us？ Well, over the last 12 months: the Savings and Investment Union, launched in March 2025. A securitisation reform. A market integration and supervision package. Updated payment services rules. A Savings and Investment Accounts recommendation. EIB [European Investment Bank] defence investment tripled. EU defence spending is up 36% since 2022. A joint letter from Europe’s six largest economies demanding capital markets agreement

05-15Industry

Copper: Tariff risk fuels rally – Commerzbank

Finance　　Copper: Tariff risk fuels rally – Commerzbank　　Commerzbanks Commodity Analyst Barbara Lambrecht highlights that Copper has surged to record levels on the London Metal Exchange, supported by structural demand from the energy transition and data centers. At the same time, the US is considering extending tariffs to refined Copper from 2027, encouraging pre-emptive stockpiling and tightening supply outside the US. Chinese production data due next week will be closely watched.　　Record prices and looming US tariffs　　“In the base metals markets, sentiment remains positive despite another significant rise in energy prices: The London Metal Exchange index even hit a new record high this week. A ton of copper cost more than USD 14,000.”　　“In addition to concerns about a shortage of copper ore, fears of an expansion of US tariffs on metal imports are likely also playing a role in the current copper price rally. The US Department of Commerce is expected to decide by the end of June whether to extend the existing tariffs to refined copper.”　　“The original proposal called for the introduction of a 15% tariff effective January 1, 2027. One year later, this was to be increased to 30%.”　　“In contrast, imports nearly doubled last year, likely due to stockpiling ahead of

05-15Industry

Bitcoin Surges to $82K on Clarity Act Vote: Enough to Save the Rally?

Bitcoin　　Bitcoin Surges to $82K on Clarity Act Vote: Enough to Save the Rally？　　The Clarity Act passed the Senate Banking Committee on Thursday leading to a rapid and strong rally for the Bitcoin price. Can this rally save the day for Bitcoin, or was the resulting lower high an omen of a possible crash to come？　　$2,000 surge, but not enough　　Source: TradingView　　In Thursdays article on the $BTC price it was posited that: . This statement was made amidst the general negative tone of the article, and it was answered to perfection as the $BTC price surged around $2,000 briefly testing $82,000 on the Clarity Act news.　　Be that as it may, the surge to $82,000 was sold down fairly quickly once it got there, leaving a candle wick to the upside. It can also be observed that the top of the wick failed to make a higher high, and the price fell down below the trendline.　　As can be noted in the 4-hour chart above, the price is still above the major horizontal level and the top of the bear flag. However, with the Stochastic RSI indicators rolling over, leading to waning momentum, it may well be that the major level flips back to

05-15Industry

THORChain Pauses Trading After Suspected $10M Exploit

Tech　　THORChain Pauses Trading After Suspected $10M Exploit　　Early estimates suggest that more than $10 million may have been stolen, although the exploit has not yet been officially confirmed. The incident only adds to a series of previous operational and security issues surrounding the protocol.　　THORChain Hit by Suspected Exploit　　Cross-chain liquidity protocol THORChain temporarily trading activity after blockchain investigators raised concerns over a suspected exploit that may have impacted multiple blockchain networks, including Bitcoin, Ethereum, BNB Smart Chain, and Base.　　The incident was first pointed out by well-known on-chain security researchers ZachXBT and , who suspicious wallet activity tied to alleged theft addresses operating on Bitcoin and EVM-compatible chains. Early estimates suggest that the exploit may have resulted in losses of more than $10 million, although investigators made it clear that the attack had not yet been fully confirmed at the time of reporting.　　The latest disruption only adds to a growing list of operational and security-related that have surrounded THORChain over the past two years. The protocol is designed to facilitate decentralized cross-chain swaps without intermediaries, but it has come under scrutiny because of its role in facilitating large asset transfers between different blockchain ecosystems.　　While this functionality has made THORChain one of the more

05-15Industry

JPMorgan Increases Bitcoin ETF Stake by 174% in Q1 2026

JPMorgan Chase made a bold move into Bitcoin ETFs during Q1 2026, increasing its stake in BlackRock‘s iShares Bitcoin Trust (IBIT) by 174%, according to its latest 13F filing. The bank boosted its holdings from 3 million shares in Q4 2025 to 8.3 million shares, representing an added value of $162 million. This brings JPMorgan’s total IBIT stake to $318.9 million as of March 31, 2026.　　This aggressive accumulation came during a challenging quarter for Bitcoin. The cryptocurrency dropped by over 22% in Q1, closing the period at $79,318, according to CoinGlass. Spot Bitcoin ETFs also saw net outflows, reflecting broader market caution. However, JPMorgans significant increase in holdings suggests growing institutional comfort with regulated Bitcoin exposure despite price volatility.　　Expanding Bitcoin ETF Bets　　JPMorgan wasnt just focused on IBIT. The bank also increased its positions in other prominent Bitcoin ETFs, including the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Bitwise Bitcoin ETF (BITB). Its holdings in BITB surged by nearly 900%, while FBTC holdings grew by 450%. Combined, these additions reflect a broader commitment to diversifying Bitcoin ETF exposure.　　Interestingly, the bank dramatically increased its stake in the ProShares Bitcoin Strategy ETF (BITO)—a futures-based product—by over 3,000%. While smaller in absolute dollar

05-15Industry

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