Thorchain Hack Drains $10M – ZachXBT Reports 

The post Thorchain Hack Drains $10M – ZachXBT Reports appeared first on Coinpedia Fintech News  THORChain, a cross-chain crypto trading protocol, was hit by a major hack that may have stolen over $10 million in digital assets across Bitcoin, Ethereum, BNB Chain, and Base.  The attack sparked panic in the DeFi market, causing THORChains native token RUNE to drop more than 14% shortly after the exploit.  ZachXBT Flags Suspicious Multi-Chain Activity  The first warnings came from on-chain investigator ZachXBT, who reported suspicious activity linked to THORChains router infrastructure.  According to ZachXBT, attackers moved roughly $7.2 million worth of assets including USDT, USDC, and wrapped Bitcoin across multiple blockchain networks before swapping them into ETH.  The stolen funds were reportedly spread across Bitcoin, Ethereum, BNB Chain, and Base.  Initial estimates suggested losses exceeded $7.4 million, but ZachXBT later updated the figures, saying the total stolen amount may now exceed $10 million.  Another blockchain security firm, PeckShield, also confirmed the exploit, estimating that attackers stole around 36.75 BTC worth nearly $3 million, along with another $7 million in assets from the Ethereum, BNB Chain, and Base ecosystems.  Arkham Tracks Exploiter Wallets  Meanwhile, Arkham Intelligence labeled the suspicious wallets as “THORChain Exploiter” addresses while tracking millions of dollars in connected assets.  Data shared by

05-15

Why IPO Genie Is Quietly Becoming One of 2026’s Most Discussed Presales

Early Bitcoin and Ethereum investors benefited from one thing most independent investors lacked: early access. IPO Genie $IPO is positioning itself around a similar idea bringing earlier exposure to private market opportunities through tokenization and AI-driven research.  Here is what is actually changing. Private market tokenization is opening access to a category of deals that retail investors have never had before.IPO Genie is one of the top verified presales building infrastructure around that shift in Q2 2026.  Key TakeawaysMain street investors now have a structured path into private market deals through tokenizationIPO Genie is an AI-powered presale with dual smart contract audits and a verified deal callThe $IPO token unlocks tiered platform access, staking rewards, and governance rightsThe presale is live and  What Does “Most Discussed” Actually Mean For a Crypto  Most discussed doesnt mean loudest. It means consistently showing up in the right conversations.  While celebrity-backed presales burned bright and faded, IPO Genie kept appearing in research-driven circles. Independent analysts, crypto researchers, and early-access communities kept bringing it up.  That kind of organic attention is hard to manufacture. It usually means something real is being built.  And what is being discussed is not hype, but that it is a pre-IPO access platform. Specifically, access to private

05-15

X Algorithm Repo Sits at One Commit 4 Months After Open-Source Promise

Four months after Elon Musk pledged to open-source Xs recommendation algorithm and refresh it every four weeks, the official xai-org repository still shows one commit. Crypto users are calling the release theater, not transparency.  The promise dates to January 10, when Musk said the code would publish within seven days and refresh monthly with detailed developer notes. The repository went live on January 17 and has not been touched since.  Promised Monthly Updates Never Arrived  The xai-org/x-algorithm repository contains four components, written 62.9% in Rust and 37.1% in Python. None has received a follow-up commit.  The developer notes Musk promised alongside each refresh have not appeared either. A similar 2023 release from the old twitter/the-algorithm repo received the same complaints before going dormant.  The latest ???? algorithm has been published to GitHub  — Elon Musk (@elonmusk) May 15, 2026  That silence lands during the same months crypto users have logged repeated complaints about suppressed reach on the platform.  “The algorithm is the worst it‘s ever been. All I see is politics, rage bait, engagement bait and like 10% crypto content. Communities are dying and this app is becoming Instagram 2.0 when infact it’s best feature was the fact communities formed around topics and you stayed largely within that

05-15

Gemini Revenue Jumps 42% With Credit Cards and New Licenses

Other crypto exchanges have been eyeing business outside of digital assets. Coinbase has aggressively expanded into stock and ETF trading with a goal to become an “everything exchange,” while Kraken has made enabling it to expand into regulated derivatives markets.  Total operating expenses increased  Alongside revenue growth, Gemini also reported a 73% increase in total operating expenses to $144.5 million in the quarter. This was driven primarily by “compensation, marketing and credit card-related costs associated with the significant business expansion,” the company said.  Gemini reported an adjusted EBITDA loss of just under $60 million.  Gemini also disclosed Thursday that it closed a $100 million strategic investment from Winklevoss Capital in exchange for 7.1 million shares of common stock, with the investment funded in .  Path to becoming a full-stack, end-to-end marketplace  In April, the company received a Derivatives Clearing Organization license from the US Commodity Futures Trading Commission, making Gemini one of only a handful of crypto-native platforms in the country to hold both a Designated Contract Market and a DCO license in-house.  “This all represents the next step towards Gemini becoming a full-stack, end-to-end marketplace for crypto trading, predictions, futures, options, and more,” the firm stated.  Geminis (GEMI) gained 6.9% on Thursday to reach $4.92 in after-hours

05-15

CoreWeave (CRWV) Stock Drops 22% as Executives Offload $64M in Shares

CoreWeave, Inc. Class A Common Stock, CRWV  On May 12, Chief Executive Officer Michael Intrator disposed of 200,000 shares at a weighted average transaction price of $105.67, generating proceeds of approximately $21.1 million. The divestiture occurred through a Rule 10b5-1 trading arrangement that Intrator had established beforehand — a mechanism specifically created to eliminate subjective decision-making regarding the timing of executive stock transactions.  Following this sale, Intrator maintains a significant position in the company. His direct holdings total approximately 4.47 million shares, representing a current market value around $472 million. The transaction reduced his ownership position by 4.29%.  Regulatory disclosures the next day showed Chief Strategy Officer Brian Venturo had sold 374,000 shares on May 11, generating total proceeds of $43.4 million. These shares changed hands at prices spanning from $112.56 to $119.18 — notably higher than the stock‘s present trading level. Venturo’s transactions also occurred under a predetermined 10b5-1 arrangement established in November 2025.  Venturos disposal involved 299,000 shares transacted through West Clay Capital LLC, an entity under his control, with the balance of 75,000 shares coming from a family trust arrangement.  Shares Experience 22% Weekly Decline  These executive transactions unfolded during a challenging period for the security. CRWV shares have retreated approximately 22% during

05-15

Babylon Bitcoin staking hits $4 billion TVL milestone

Babylon Bitcoin staking has hit a new milestone, reaching $4 billion in total value locked just one year after launch and giving fresh momentum to a long-running crypto goal: making Bitcoin useful in DeFi without asking holders to leave the Bitcoin network behind.  That number matters because Babylon is not pitching another wrapped-Bitcoin workaround. Instead, the protocol lets users stake Bitcoin directly from the Bitcoin network, with no wrapping or bridging required. Bitcoin stays locked on its native chain throughout the staking process, while transactions remain publicly verifiable.  For a market that has spent years debating whether Bitcoin can become productive without adding bridge risk, Babylon Bitcoin staking is drawing attention for a simple reason: it is trying to turn the biggest crypto asset into working collateral while preserving its core security assumptions.  Babylon Bitcoin staking reaches $4 billion TVL  The $4 billion TVL figure marks a notable point for Babylon one year after launch. It suggests strong demand for Bitcoin staking models that do not depend on moving coins into another ecosystem or converting them into wrapped assets.  That is a bigger shift than the headline number alone suggests. For years, much of DeFi has revolved around Ethereum and assets built for smart-contract-heavy environments.

05-15

Gemini Revenue Jumps 42% With Credit Cards and New Licenses

Other crypto exchanges have been eyeing business outside of digital assets. Coinbase has aggressively expanded into stock and ETF trading with a goal to become an “everything exchange,” while Kraken has made enabling it to expand into regulated derivatives markets.  Total operating expenses increased  Alongside revenue growth, Gemini also reported a 73% increase in total operating expenses to $144.5 million in the quarter. This was driven primarily by “compensation, marketing and credit card-related costs associated with the significant business expansion,” the company said.  Gemini reported an adjusted EBITDA loss of just under $60 million.  Gemini also disclosed Thursday that it closed a $100 million strategic investment from Winklevoss Capital in exchange for 7.1 million shares of common stock, with the investment funded in .  Path to becoming a full-stack, end-to-end marketplace  In April, the company received a Derivatives Clearing Organization license from the US Commodity Futures Trading Commission, making Gemini one of only a handful of crypto-native platforms in the country to hold both a Designated Contract Market and a DCO license in-house.  “This all represents the next step towards Gemini becoming a full-stack, end-to-end marketplace for crypto trading, predictions, futures, options, and more,” the firm stated.  Geminis (GEMI) gained 6.9% on Thursday to reach $4.92 in after-hours

05-15

Billions Network Price Prediction: BILL Soars 186% as Bulls Eye Breakout Above $0.235

BILL clears key resistance as daily trading volume surpasses $2.18 billion markOpen interest doubled above $82 million as leveraged bullish bets increased rapidlyExchange outflows near $15 million signal continued investor accumulation trend  Billions Network extended its explosive rally after buyers pushed the token above key resistance zones. The digital asset climbed more than 33% within 24 hours and posted weekly gains exceeding 186%. Trading activity also surged sharply, with daily volume crossing $2.18 billion as speculative demand strengthened across the broader market.  The token traded near $0.227 after briefly testing the $0.235 region. Market capitalization now approaches $554 million, reflecting aggressive accumulation during the recent breakout phase. Besides, technical indicators continue supporting the bullish structure as momentum remains firmly tilted toward buyers.  Technical Structure Supports Continued Momentum  BILL continues trading above every major exponential moving average on the four-hour chart. The 20 EMA currently sits near $0.1878, while the 50 EMA holds around $0.1861. Additionally, the wider gap between price and the 100 EMA at $0.1424 highlights the strength of the ongoing trend.  The market recently broke through several consolidation zones before reaching the upper Donchian Channel boundary near $0.2347. Consequently, traders now watch for a decisive move above $0.2350, which could trigger another bullish

05-15

Alphabet Stock Analysis: $400 Holds as Overbought Signals Build

GOOGL — daily chart with candlesticks, EMA20/EMA50 and volume.Alphabet Stock Technical Overview: Daily Uptrend Above $400Price Action and Trend  On the daily timeframe, GOOGL closed at 401.07 after trading between 395.84 and 402.93. Buyers defended dips and kept control into the close. Daily EMAs sit at EMA20 373.12, EMA50 345.67, and EMA200 293.39, all well below price. Therefore, the longer‑term uptrend remains strong and broadly supported by rising averages.  Momentum and Volatility  Daily RSI14 prints 74.16. Momentum is firm but near overbought, which raises the risk of a pause or a shallow pullback. Daily MACD shows line 20.81 versus signal 19.64 with a histogram of 1.17. Upside momentum is positive, though incremental rather than explosive.  Bollinger Bands center at 370.14 with an upper band at 421.56 and a lower band at 318.71. Price sits in the upper half, so the trend has room before extreme band pressure, yet the tape is extended relative to its mean. Daily ATR14 is 11.26, implying level‑to‑level moves of roughly $10–$12.  Daily pivot levels place the pivot at 399.95, R1 at 404.05, and S1 at 396.96. Therefore, $400 is the battleground, with 404 as the near‑term cap and 397 as first meaningful support.  Intraday Structure: 1H Trend Supports Advance  Meanwhile on the

05-15

USD/CAD: Overvaluation stretch risks further upside – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD is grinding higher into the mid‑1.37s, with the Canadian Dollar (CAD) underperforming but still faring better than many G10 commodity peers. Spot trades well above the banks fair value estimate of 1.3554, and the team warns CAD has little defence against further short‑run USD overvaluation as sentiment drives the move.  Resistance gives way as Dollar trend firms  “Grinding dollar gains are extending this morning to reach the mid-1.37s. CAD losses are relatively light, compared with its G10 commodity peers and the core majors. ”  “Factors driving the CAD have softened a little over the past few days but dollar gains are primarily sentiment-driven and spot sits significantly above our fair value estimate (1.3554) this morning. The CAD has little defence against USD overvaluation stretching a bit more in the short run.”  “Neutral/bullish— USD gains have been chipping away at resistance in the low 1.37 area all week and the sustained push through the low 1.37s has extended quickly to probe 1.3750 and a little above so far today (1.3758 is the 50% retracement of the April/May drop in the USD from 1.3967 to 1.3550).”  “Short-term trend dynamics are soft but trending a little more bullishly

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