SEC Paxos approval: cleared blockchain securities settlement

Blockchain  SEC Paxos approval: cleared blockchain securities settlement  The SEC Paxos approval lands like a signal flare for Wall Streets back office — not flashy, but potentially transformative. The Securities and Exchange Commission has granted approval to Paxos to clear and settle securities transactions, giving the blockchain-focused firm a place inside regulated market plumbing that has long been dominated by older systems.  That matters because clearing and settlement are where trades actually get completed. They are also where delays, handoffs, and reconciliation problems can pile up. By allowing Paxos into that part of the system, regulators are effectively opening the door wider to blockchain-based infrastructure in traditional finance.  For a market that often talks about tokenized finance in the future tense, this is a concrete step in the present. The SEC Paxos approval is being viewed as a meaningful milestone for bringing regulated digital infrastructure closer to mainstream capital markets.  SEC approval gives Paxos a foothold in securities settlement  The core development is straightforward: the SEC granted approval to Paxos to clear and settle securities transactions.  That gives Paxos the ability to operate within regulated securities infrastructure, a notable shift for a company built around blockchain-based systems. More importantly, it places blockchain clearing closer to the center

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DxSale exploit drains $7.3M in BNB through hidden contract backdoor

DxSale has suffered a $7.3 million exploit after an attacker allegedly used a hidden backdoor in a liquidity locker contract to withdraw BNB locked by more than 1,400 liquidity providers on the BNB Chain.DxSale lost $7.3 million in a BNB Chain exploit affecting roughly 1,400 liquidity providers.Researchers linked the attack to a hidden contract backdoor and a previously undisclosed ownership transfer.The incident follows a wave of DeFi exploits, with protocols losing $52 million to hacks so far in May.  According to blockchain security firm PeckShield, the attacker-controlled address “0xC457” moved approximately $1.87 million worth of BNB into two primary wallets before sending the funds to multiple deposit addresses associated with Binance.  The incident affected liquidity that had remained locked in DxSale contracts since the platform was widely used for token launches on BNB Chain in 2021.  Early findings from blockchain analyst Tahax suggest the exploit may have originated from a contract ownership change that took place months before the attack.  Tracing the ownership history further, Tahax said more than 80 additional transactions were used to pass control between wallets before it eventually reached the address identified as “0xC45,” which later executed the large-scale BNB withdrawals.  The analyst also noted that the exploiter wallet was newly

05-29

Samsung Units To Buy $408M Stake In Upbit Operator Dunamu: Report

Tech  Samsung Units To Buy $408M Stake In Upbit Operator Dunamu: Report  Samsung Securities, Samsung SDS and Samsung Card will acquire a combined 4% stake in Dunamu, the operator of South Korean crypto exchange Upbit, in a deal that expands Samsung affiliates‘ exposure to the country’s digital asset market, local media reported.  The three Samsung affiliates held board meetings on Thursday and approved the purchase of 1.39 million Dunamu shares held by Kakao affiliates for 612.8 billion won ($408 million), according to local reports from Yonhap News Agency and ZDNet Korea. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each acquire 1%.  The investment extends Samsung‘s digital asset push weeks after Samsung SDS reportedly won a contract to build South Korea’s blockchain-based securities platform, placing Samsung affiliates across both regulated tokenized securities infrastructure and private-sector crypto exchange and payment rails.  The deal also follows another major Dunamu investment by a South Korean financial group. On May 15, Hana Financial Group said that it would acquire a 6.55% stake in Dunamu from Kakao Investment for more than $668 million, making it the Upbit operators fourth-largest shareholder.  Samsung Securities plans to cooperate with Dunamu on tokenized securities issuance and distribution, as well

05-29

FalconX Confidentially Files for IPO With SEC

Tech  FalconX Confidentially Files for IPO With SECFalconX filed a confidential S-1 with the SEC, targeting IPO in the second half of 2026 or next year.The company processed over $2.5 trillion in cumulative volume and supports more than 400 tokens.FalconX acquired 21Shares in October 2025, adding ETP and ETF capabilities to its infrastructure.  FalconX, the institutional crypto trading platform last valued at $8 billion, has submitted a confidential draft S-1 registration statement to the US Securities and Exchange Commission, initiating the formal process toward a public listing.  According to reports, the filing was submitted around May 6. FalconX is working with investment banks, including Cantor Fitzgerald, on potential underwriting roles, though formal mandates have not yet been assigned.  The company could list in the second half of 2026 or push the offering into next year, depending on market conditions.  What FalconX Actually Is  Founded in 2018 by CEO Raghu Yarlagadda in San Mateo, California, FalconX provides institutional investors with crypto trading, lending, clearing, and liquidity services. The platform supports more than 400 tokens and has processed over $2.5 trillion in cumulative trading volume.  Its regulatory architecture was built with institutional credibility in mind. FalconX operates through a CFTC-registered swap dealer entity and maintains registrations with FinCEN alongside

05-29

New Zealand Dollar: Resistance test as RBNZ turns hawkish – BBH

Finance  New Zealand Dollar: Resistance test as RBNZ turns hawkish – BBH  Brown Brothers Harriman highlights that the New Zealand Dollar (NZD) is outperforming, with NZD/USD approaching the 0.6000 resistance as New Zealand business sentiment improves and RBNZ Assistant Governor Silk signals all options, including a 50 bps hike, are on the table for July.  Kiwi supported by hawkish RBNZ  “NZD is outperforming across the board and NZD/USD is closing in on key resistance at 0.6000. The ANZ business activity outlook lifted 6 points in May to +25.6, indicative of an ongoing recovery in real GDP growth.”  “RBNZ Assistant Governor Silk, who voted in favor of keeping rates on hold at 2.25% this week, said all options will be on the table at the next July 8 RBNZ meeting, including a jumbo 50bps hike.”  “The swaps curve implies 85% odds the RBNZ delivers a first 25bps rate hike in July and a total of 115bps of tightening over the next twelve months. The RBNZ policy path projection is less aggressive and implies 75bps of hikes by Q2 next year.”  “Bottom line: NZD/USD can lift above 0.6000 if the energy shock continues to fade. But New Zealands negative output gap is likely to temper RBNZ tightening bets and

05-29

AI Trading Bots Dominate Mid-Year Volatility

As the cryptocurrency market moves into the summer of 2026, volatility across major assets, including XRP, Bitcoin, and Ethereum, has reached an annual high.   With XRP/USD slipping below the $1.30 threshold this week, a significant shift in retail behavior has emerged: the mass migration of individual traders toward AI-powered quantitative trading systems.  Driven by the need to navigate “non-predictable” market patterns, platforms like AIX Alpha have seen an explosive surge in onboarding.  Modern financial engineering  These systems move beyond the manual, indicator-based trading that defined the retail boom of previous cycles, instead leveraging machine learning models that evaluate over 100,000 market signals per day. By automating execution across multiple strategies — such as Adaptive Market Neutral and Neural Signal Execution — these tools are allowing retail participants to react to liquidity shifts and macro-headlines at speeds that far exceed human capability.  This trend highlights a critical maturation in the Web3 retail experience. In the past, “automated trading” was the exclusive domain of institutional hedge funds and sophisticated HFT (high-frequency trading) firms.  Today, the commercialization of these tools is democratizing complex financial engineering for everyday users. However, this accessibility brings its own risks; regulators are beginning to question whether the widespread use of autonomous bots in

05-29

Gold Climbs as U.S.-Iran Peace Talks Dampen Oil-Fueled Inflation Worries

Tech  Gold Climbs as U.S.-Iran Peace Talks Dampen Oil-Fueled Inflation Worries  Gold advanced approximately 0.7–0.8% on Friday following news that the U.S. and Iran are approaching a 60-day ceasefire arrangementThe potential deal would restore access to the Strait of Hormuz, triggering a decline in crude oil marketsRetreating energy prices reduced inflation pressures, driving Treasury yields and the U.S. dollar lower — benefiting goldApril‘s PCE index, the Federal Reserve’s favored inflation metric, reached 3.8% annually, marking the highest level in three yearsMarket strategists maintain that golds fundamental safe-haven status remains robust despite near-term volatility  The yellow metal posted gains Friday as emerging reports of a diplomatic breakthrough between the United States and Iran sent oil prices tumbling and relieved inflation anxieties, delivering a moderate boost to bullion as markets closed for the week.  Diplomatic Breakthrough Takes Shape  The United States and Iran have reportedly hammered out a provisional 60-day ceasefire framework that would restore commercial shipping access through the Strait of Hormuz. The arrangement awaits final authorization from President Donald Trump and official endorsement from Iranian leadership.  The diplomatic development triggered a selloff in energy markets. This development carries significant implications for gold markets because escalating fuel costs had been amplifying inflation concerns, which subsequently elevated Treasury

05-29

Google worker faces charges over $1.2M in Polymarket trades

Tech  Google worker faces charges over $1.2M in Polymarket trades  The United States Department of Justice (DOJ) has charged a Google (NASDAQ: GOOGL) employee with insider trading after uncovering a scheme to misappropriate confidential company information and use it to place a series of profitable trades on the prediction market platform Polymarket.  On Wednesday, U.S. Attorney for the Southern District of New York, Jay Clayton, and Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (FBI), James C. Barnacle, Jr., announced the unsealing of a complaint charging Michele Spagnuolo, a software engineer at Google, with commodities fraud, wire fraud, and money laundering.  The DOJ alleges that Spagnuolo, also known by his Polymarket profile “AlphaRaccoon,” abused his access to Googles internal data systems to obtain nonpublic data that he then used to place trades in various markets on the prediction platform.  In total, from October 15, 2025, through to December 4, 2025, Spagnuolo allegedly used his AlphaRaccoon account to risk approximately $2,754,092 on markets related to Google‘s internal information. After the information became public and the markets resolved, Spagnuolo’s AlphaRaccoon account profited approximately $1.2 million.  “Michele Spagnuolo allegedly abused his elevated access to confidential trends to place bets with nonpublic

05-29

Virgin Galactic Stock jumps to 4.53 as 36.6M shares fuel breakout

SPCE — daily chart with candlesticks, EMA20/EMA50 and volume.Daily Technical Outlook for Virgin Galactic Stock  On the daily timeframe, SPCE closed at 4.53 on 36.6M shares. High volume underscores strong participation and possible short covering. EMAs: 20‑day 3.06, 50‑day 2.86, 200‑day 3.08. Price is well above all three, marking a trend inflection higher.  RSI14 78.83 is overbought and increases pullback risk. MACD line 0.27 vs signal 0.10 with a 0.17 histogram keeps bullish momentum in gear. Bollinger Bands: mid 2.89, upper 3.92, lower 1.86. Price stands above the upper band, indicating a squeeze and potential mean reversion.  ATR14 0.42 shows elevated daily volatility. The daily pivot is 4.21 with R1 4.86 and S1 3.87. Therefore, 4.21 is first support, while 4.86 is the immediate upside magnet. Notably, the daily regime flag prints neutral, confirming a fresh breakout rather than a mature uptrend.  Intraday Structure: 1‑Hour Trend and Levels  On the 1‑hour chart, the regime is bullish. EMA20 3.80, EMA50 3.38, EMA200 2.90. The intraday trend stack is strongly positive.  RSI14 82.48 shows stretched intraday momentum. MACD line 0.30 vs signal 0.25 with a 0.06 histogram remains positive but is losing incremental thrust. Bollinger mid 3.78 and upper 4.35. Price near 4.51 is riding above the band,

05-29

HYPE token price surges as NYSE parent ICE explores Hyperliquid partnership

HYPE up 38% in two weeks as ICE confirms talks with Hyperliquid.Hyperliquids daily trading volume has surpassed $1 billion.ICEs CEO, Jeff Sprecher, said Hyperliquid is “bigger than Nasdaq.”  The price of Hyperliquid (HYPE) has continued its strong rally after fresh comments from Jeff Sprecher confirmed that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is in discussions with the Hyperliquid decentralised trading platform.  HYPE climbed to $62.62 on Friday, marking a 9.2% gain over the past 24 hours.  The token briefly traded as high as $63.25 during the session and remains close to its all-time high of $64.44 reached earlier this week on May 26.  Notably, the latest move extends a broader rally that has pushed HYPE up 38.3% over the past 14 days and 55.1% over the last month.  Over the past year, the token has surged more than 80%, making it one of the strongest-performing large-cap crypto assets in the derivatives sector.  ICE CEO acknowledges Hyperliquids rapid growth  The rally accelerated after Sprecher addressed Hyperliquid during the 42nd Annual Bernstein Strategic Decisions Conference held on May 27.  The ICE Founder, Chairman and CEO acknowledged the platforms rapid growth and said the company is actively studying the market.  “This Hyperliquid we‘re referencing—for those

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