Latest Crypto News & Market Updates

DeFi projects lose $6M in fresh string of exploits this week

A flurry of relatively small-scale hacks continues to wreak havoc on smaller crypto projects, despite flying under the radar when compared to recent mammoth losses.　　So far this year, Protos hack tracker shows 77 entries, totaling over $1.1 billion in losses.　　April was a particularly rough month; the losses across its 33 incidents totalled over $600 million. However, just two incidents, namely the Drift Protocol and rsETH bridge hacks, made up 95% of the months losses between them.　　While May hasnt kept up such a devastating pace, an uptick in hacker activity has seen almost $6 million stolen from six projects this week alone.　　Monday May 11: Two (smaller) hacks　　On the Polygon network, Ink Finances Workspace Treasury Proxy contract was exploited for $140,000 on Monday.　　According to crypto security firm SlowMists analysis, the root cause was the lack of access control in the PayrollDistribution function.　　Huma Finance lost $100,000 the same day, also on Polygon. The teams statement insists that the losses were from (now-paused) “legacy v1 contracts” and that its Solana-based v2 is a “complete rewrite and this issue does not apply.”　　Tuesday May 12: Four hacks　　On Tuesday evening, TAC, a “purpose-built blockchain for EVM dApps to access TON,” alerted users to a “security incident affecting

05-14Industry

UB Token Explodes After Unibase Agent Market Launch

Tech　　UB Token Explodes After Unibase Agent Market Launch　　The post UB Token Explodes After Unibase Agent Market Launch appeared first on Coinpedia Fintech News　　UB token has gone from forgotten small-cap territory to full-blown vertical breakout mode in barely a month. And yeah, traders are suddenly acting like they believed in it all along.　　After spending nearly seven months trapped between $0.02 and $0.06, UB finally woke up in early May 2026. The breakout accelerated after price reclaimed the long-standing demand zone near $0.02 in April, then bulldozed through multiple historical resistance levels one after another. The latest move pushed UB above the critical $0.16–$0.17 zone before touching roughly $0.21 which is a staggering climb from April lows.　　UB Price Breakout Enters Discovery Phase　　Technically, the structure looks almost textbook. Each resistance level flipped into support before the next breakout leg formed, creating a clean stair-step accumulation pattern.　　Well, at this point the current rally no longer looks like a simple relief bounce.　　The sharp vertical candles suggest aggressive liquidity inflows and speculative demand entering after UB cleared major psychological levels like $0.10 and $0.16. With previous seller pressure seemingly absorbed, the token has entered price discovery territory where buyers are now forcing the market to search

05-14Industry

ECB signals June policy showdown as markets weigh rate hike vs hold scenario

A member of the European Central Bank Governing Council has indicated that the upcoming June meeting will determine whether interest rates are raised or left unchanged, underscoring growing uncertainty over the next phase of eurozone monetary policy.ECB Governing Council member Kocher says the June meeting will decide between raising interest rates or keeping them unchanged.The statement reinforces uncertainty around the European Central Banks next policy move as inflation dynamics remain uneven.Markets are now reassessing European monetary policy expectations heading into mid-year.　　According to Kocher, cited in Jinshi reports, policymakers are effectively split between maintaining current restrictive levels and implementing another rate hike depending on incoming inflation and growth data.　　The comment highlights how the ECB is entering a decision-sensitive phase, where small shifts in macroeconomic indicators could determine whether policy tightening continues or stabilizes.　　Inflation uncertainty keeps ECB in a split-decision phase　　The ECBs dilemma reflects uneven inflation progress across the eurozone, where headline inflation has moderated in some areas while underlying price pressures remain sticky in services and wage-driven sectors.　　A potential rate hike would signal that policymakers still view inflation risks as elevated, while a hold decision would suggest confidence that prior tightening has been sufficient to guide inflation back toward target levels.　　Financial

05-14Industry

UnitedHealth Group (UNH) Stock Surges to 52-Week Peak Following Impressive Q1 Performance

UnitedHealth Group Incorporated, UNH　　For the current year, UNH has advanced roughly 21%. Looking at the trailing twelve-month period, the stock has delivered gains of about 29%.　　This upward momentum represents a dramatic reversal from earlier weakness. Between January and late March, shares tumbled from $336 down to $259 — representing approximately a 23% decline.　　The turnaround gained momentum following UnitedHealths first quarter earnings report in late April, which surpassed Wall Street estimates and included an upward revision to full-year guidance.　　First quarter revenues reached $111.7 billion, marking a 2% year-over-year expansion. Adjusted earnings per share landed at $7.23, exceeding analyst projections. Reported EPS registered at $6.90.　　UnitedHealthcares operating margins expanded from 6.2% to 6.6%, representing a modest yet significant enhancement for an organization navigating a transitional phase.　　Medicare Advantage Continues to Present Challenges　　Medicare Advantage has emerged as one of the more prominent headwinds for UNH. Federal reimbursement rates have failed to match the acceleration in program expenses, creating margin compression in recent years.　　To address this dynamic, UnitedHealth strategically reduced its Medicare Advantage enrollment by 1.3 million participants for 2026. While challenging, leadership characterized this decision as essential for maintaining long-term financial health.　　The financial results are reflecting this strategic shift. UnitedHealths Medical Care Ratio — representing

05-14Industry

Kraken Exchange Revenue Triples as IPO Plans Advance

Kraken, one of the largest cryptocurrency exchanges in the U.S., is gearing up for a public listing while reporting significant financial growth. The exchanges adjusted revenue soared from $0.7 billion in 2023 to $2.2 billion in 2025, with $531 million in EBITDA last year, according to a new report.　　This growth has been driven by a combination of surging trading volumes and aggressive acquisitions. Kraken averaged $1.07 billion in monthly spot trading volume during the first four months of 2026, with weekdays seeing significantly higher activity than weekends. Perpetual futures trading lagged behind, averaging $0.68 billion monthly over the same period.　　February 5, 2026, marked a standout trading day as Bitcoin plunged 14.1% from $73,100 to $62,800, triggering a surge in both spot ($3.51 billion) and perpetual ($2.52 billion) trading volumes. Despite a temporary dip in open interest (OI) to $227.45 million following the crash, Kraken‘s OI has since rebounded to $320.06 million, illustrating the platform’s resilience.　　Krakens reserves, however, have declined by 5.1% in 2026, falling to $14.36 billion by May. Ethereum reserves were hit hardest, with a 21.4% outflow and a $487.4 million decline in value, while stablecoin holdings dropped by 43.4% to $424.6 million.　　Shifts in Listings and Trading Activity　　In early

05-14Industry

Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal

KDDI, one of Japans largest telecom companies, is set to hold a 14.9% stake in local crypto exchange operator Coincheck Group (CNCK) after agreeing to a $65 million deal.　　The telecom giant will subscribe for 28.5 million newly issued Coincheck Group shares at $2.28 each, Coincheck said on Wednesday. The deal is expected to close in June.　　Coincheck and KDDI also signed what both firms called a business alliance covering customer referrals, revenue sharing and referral fees. The companies said the partnership is aimed at expanding crypto access in Japan through KDDI‘s consumer channels and Coincheck’s trading, custody, staking and asset-management services.　　KDDI has been building around crypto and Web3 since at least 2023, when it launched αU, a metaverse and Web3 service with a non-fungible token (NFT) marketplace and crypto wallet.　　The company deepened that push through a capital and business alliance with HashPort, a Japanese Web3 wallet developer. The deal was tied to plans allowing users to convert Ponta loyalty points into stablecoins and crypto, and convert those assets into au PAY gift cards.　　KDDI will receive registration rights for the shares and the right to nominate one non-executive director to Coincheck Groups board at its next annual general meeting, expected in September.　　Coinchecks

05-14Industry

JPMorgan Files Tokenized Money Market For Stablecoin Issuers

Bloomberg analyst Eric Balchunas said JPMorgans JLTXX is also a “big deal” because the 0.16% fee is low for a money market fund with a stable asset value.　　JPMorgans blockchain use cases　　The launch of JLTXX follows JPMorgans first tokenized product, My OnChain Net Yield Fund, or MONY, which launched in December and also runs on Ethereum. MONY holds short-term debt securities designed to deliver returns higher than bank deposit rates, with interest and dividends accruing daily.　　The filing for JLTXX also comes after a pilot transaction JPMorgan participated in last week, in which the first tokenized US Treasury fund moved from the US via XRP Ledger and interbank rails to one of JPMorgans Singapore bank accounts in a matter of seconds.　　In April, Morgan Stanley launched the Stablecoin Reserves Portfolio, which allows stablecoin issuers to park reserves backing their fiat-pegged tokens in one of the banks money market funds while earning interest.　　However, the International Monetary Fund flagged several concerns about tokenization in a report in April, arguing that tokenization shifts risk from the banking system to shared ledgers and smart contract code, making it more difficult to intervene during “stress events.”　　The IMF added that without legal clarity over ownership records and settlement finality,

05-14Industry

KULR Technology Deposits 300 BTC Into Coinbase Prime as Unrealized Losses Near $18 Million

Onchain data published Wednesday shows KULR, a tech company focused on thermal management and energy storage, moving 300 bitcoin into Coinbase Prime, a transfer analysts say looks less like a custody shuffle and more like a sell.　　Key Takeaways:KULR deposited 300 $BTC ($24.36M) into Coinbase Prime on May 13, 2026.KULRs 1,021 $BTC position, bought at a $98,627 average, carries roughly $17.8M in unrealized losses.The move aligns with a 99% drop in non-Strategy corporate $BTC buying in 2026, per Cryptoquant.　　SALE OR COLLATERAL？　　KULR Technology Group (NYSE: KULR), the thermal energy management firm that launched a bitcoin treasury strategy in December 2024, deposited 300 bitcoin (valued at approximately $24.36 million) into Coinbase Prime, the institutional trading and custody arm of Coinbase, on Wednesday. The transfer occurred roughly three hours before the alert went live on X, pointing to the movement as a possible liquidation signal.　　KULRs recent $BTC offload, per Arkham　　KULRs last publicly disclosed position stood at 1,021 $BTC as of July 2025, accumulated for a combined outlay of roughly $101 million at an average cost of $98,627 per coin. And, with bitcoin trading near $81,000 at the time of the deposit, the company is sitting on an unrealized loss of approximately $17.8 million across

05-14Exchange

Worldcoin remains overlooked amid AI-driven demand for Proof of Human verification

The rise in non-human activity and content across multiple domains, such as IT, content creation, and Fin-tech, is fueling the need for Proof of Human verification systems, like Worldcoin ($WLD). Vercels integration of World Networks World ID into its agentic infrastructure, and one of the largest privately held $WLD stakes by Eightco Holdings (ORBS), reflects growing adoption of Proof of Human systems.　　However, the falling $WLD price in the spot market positions the identity token as overlooked and underrated, waiting for its next bull cycle.　　Worldcoin awaits the Proof of Human narrative to catch up with rising AI demand　　The “double human” problem is increasing in the real world, driven by AI agents and deepfakes. Non-human activity is rising across fields such as content creation, trading, and software development, driven by easier task generation and automation.　　Fundstrat data shows that “non-humans” accounts generate 75% of trading volume on PolyMarket, 53% of web traffic, 47% of emails sent, 44% of US equity buy-side execution, 35% of new websitecreation, and 30% of online product reviews.　　Eightco treasury is worth roughly $333 million as of May 6, with 283 million $WLDtokens, representing 8.53% of the circulating supplyand valued at around $80 million. This reflects the Eightco Holdings confidence

05-14Exchange

Bitcoin and Ethereum Arrive on Wall Street Giant Charles Schwab for Selected Retail Clients

Charles Schwabs latest offering is currently unavailable to residents of New York, Louisiana, and users outside the United States.　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${theme}${extras}`);　　scriptURL.searchParams.set(“pageURL”, window.location.href1);　　scriptEl.src = scriptURL.toString();　　// Insert player　　const placeholder = targetWrapper.querySelector(“.add-before-this”);　　placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);　　}　　function getTheme() {　　return document.body.classList.contains(“dark”) ？ “dark” : “light”;　　}　　// Initial Load for Desktop　　if (window.innerWidth 768) {　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),　　});　　}　　}　　// Mobile Button Click　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),　　});　　}　　function reInitButton(container,html){　　container.innerHTML = + html;　　}　　// Theme switcher　　const destroyButton = document.getElementById(“checkbox”);　　if (destroyButton) {　　destroyButton.addEventListener(“click”, () = {　　setTimeout(() = {　　const theme = getTheme();　　if (window.innerWidth 768) {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if(desktopWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(desktopWrapper, theme,　　}else{　　reInitButton(desktopWrapper,‘’)　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘　　});　　}　　}　　} else {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if(mobileWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(mobileWrapper, theme,　　}else{　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,　　});　　}　　}　　}　　}, 100);　　});　　}　　})();　　Charles Schwab has started rolling out its new Schwab Crypto accounts to retail clients, allowing users to trade Bitcoin and Ethereum directly through the platform alongside traditional investments, starting Tuesday.　　The offering is currently available to most residents in the United States, although residents of New York, Louisiana, and US territories

05-14Ethereum

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