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Zcash price dips after surge, but bullish momentum remains intact

Tech　　Zcash price dips after surge, but bullish momentum remains intactZcash price fell to intraday lows of $532 after surging above $570.Over $5.1 million in Zcash futures positions were liquidated in the last 24 hours.Bullish case remains if buyers hold $500, but a breakdown could push ZEC toward $370.　　Zcash (ZEC) fell back below the $550 level on Friday morning, trading near $530 as profit-taking emerged across the broader cryptocurrency market.　　The pullback has coincided with elevated activity in derivatives markets, which analysts say suggests traders are still adjusting leverage and positioning following the tokens recent rally.　　Zcash price drops below $550　　Market data shows Zcash (ZEC) has declined over the past 24 hours, falling to intraday lows near $532.　　The pullback follows a strong rally that pushed the token above $570 on Thursday, May 14.　　The earlier gains came after The Wall Street Journal published an article comparing Bitcoin and Zcash, a development that Grayscale said “feels like one of those moments” that often precedes a surge in broader investor interest.　　For $BTC, many early adopters trace their conviction to a single @WIRED piece in Nov 2011.　　Todays WSJ article on @Zcash $ZEC feels like one of those moments.　　Grayscale Zcash Trust (Ticker: $ZCSH) is the only pure-play and

05-15

Thorchain Exploited? Trading Paused Amid Risk of Enormous Attack

Tech　　Thorchain Exploited？ Trading Paused Amid Risk of Enormous Attack　　Cross-chain DeFi protocol THORChain has suspended trading, following what appears to be a significant multi-chain exploit that may have depleted over $10 million in cryptocurrency assets. Suspicious withdrawals involving Bitcoin, Ethereum, BNB Chain, and Base-linked assets have been reported by security researchers and on-chain investigators such as PeckShield.　　Early tracking data indicates that the attackers allegedly took about 36.75 BTC, or about $3 million, along with an additional $7 million in assets that were bridged across several chains. Both Bitcoin and Ethereum-compatible networks publicly known wallet addresses were linked to the stolen funds.　　Following the incident, THORChain stopped trading, probably to avoid further liquidity drains or cascading exploits across linked pools. Because THORChain serves as essential infrastructure for decentralized cross-chain swaps, disruptions may affect all of the ecosystems, wallets, aggregators, and liquidity suppliers.　　DeFi security is in trouble　　DeFi security is already experiencing hardship. Exploits, bridge attacks, governance breaches, and wallet-draining malware campaigns have plagued the industry in recent months. When a foundational liquidity layer fails, interconnected DeFi systems can quickly spread contagion, as demonstrated by recent attacks on major protocols.　　Bitcoin (BTC) Says Goodbye to $80,000, Dogecoin (DOGE) Spikes 50% Hinting at New Rally, Toncoin (TON)

05-15

Bitget Enters Mexico Market With SAT and UIF Registration

Bitget, the world‘s largest Universal Exchange (UEX) has successfully completed key registrations in Mexico to operate within the country’s current virtual asset framework. With the completion of these registrations, Bitget now looks to expand across Central and Latin America, where Mexico stands as one of the companys most important markets.　　Bitget has obtained vulnerable activity registration with Mexico‘s Tax Administration Service (otherwise known as SAT), and has also completed registration with the Financial Intelligence Unit (or UIF) of Mexico – together, these registrations place Bitget among the first global platforms to complete this process in Mexico, providing a strong footing in one of the region’s most active crypto markets.　　Mexico has become a major focus for digital asset platforms as interest in crypto continues to grow across the country. For Bitget, Mexico remains one of its largest markets across Central and Latin America and one of the key regional priorities. The market‘s size, rising user interest, and its wider role in regional financial significance make it an important part of Bitget’s long-term expansion in the region.　　said Gracy Chen, CEO at Bitget.　　The registrations place Bitget in a stronger position to serve the local market within Mexicos current regulatory regime, which has become more

05-15

Boeing (BA) Stock Tumbles 5% Following Disappointing China Aircraft Deal

The Boeing Company, BA　　Market sentiment clearly communicated investor disappointment. After months of anticipating a Chinese agreement, traders had projected an order volume approaching 500 aircraft.　　Boeing stock hovered near $220 during Thursday‘s session. Both the S&P 500 and Dow Jones Industrial Average advanced approximately 0.8% that day, highlighting Boeing’s underperformance.　　By Friday, Trump expanded the deals scope. Speaking with reporters, he confirmed China agreed to purchase 200 Boeing aircraft immediately, with provisions allowing purchases up to 750 planes. The jets will feature General Electric propulsion systems.　　Should the arrangement reach its full potential, this would mark Boeings largest Chinese contract in approximately ten years.　　China: A Critical Market for Boeings Future　　China‘s airlines haven’t ordered new 737s for several years. The nations carriers have remained relatively dormant regarding aircraft acquisitions following the pandemics disruption of international aviation.　　Between 2010 and 2019, Chinese customers represented over 20% of Boeing‘s total aircraft deliveries. Currently, the country comprises only around 2% of the company’s pending delivery backlog.　　Boeing forecasts China will require approximately 8,800 additional aircraft throughout the coming two decades to accommodate expanding passenger demand. This represents a market opportunity too significant for any aircraft manufacturer to abandon.　　CEO Kelly Ortberg, appointed in 2024 to spearhead the company‘s restructuring efforts,

05-15

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

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

05-15

Canton Network Turns Bullish After a Super Validator Signal

Tech　　Canton Network Turns Bullish After a Super Validator Signal　　Canton (CC) is rallying nearly 8% on Thursday after Societe Generale joined the Canton Network as an Ecosystem Super Validator. The move sees the banks SG-FORGE unit deploy euro and dollar stablecoins for institutional settlement.　　The token broke above its $0.15 accumulation zone and snapped a descending trendline running from its February 3 all-time high. Price now targets the 0.618 Fibonacci retracement at roughly $0.17.　　Daily Chart Breaks Descending Trendline From February Peak　　Canton (CC) printed a 6.94% bullish daily candle on Thursday. The move sliced through a descending trendline that has capped price since its February 3 record at $0.194.　　That trendline had defined the multi-month downtrend after the February peak. Its break removes the most visible structural ceiling on the daily chart.　　The breakout follows a reclaim of the $0.15 accumulation zone earlier this week. The next upside reference sits at the 0.618 Fibonacci retracement near $0.17254.　　CC daily chart. Source: Tradingview　　Earlier this year, Canton had already led the top 20 caps in a similar burst of institutional flow.　　The relative strength index (RSI) also broke its own descending trendline on the daily timeframe. It retested that line as support on May 12 and has since trended

05-15

Irans Kharg Island oil shipments halt for first time since war began

Tech　　Irans Kharg Island oil shipments halt for first time since war began　　Irans main oil export terminal, Kharg Island, has gone dark. For the first time since regional conflict escalated, seaborne crude shipments from the facility have ground to a prolonged halt, with satellite imagery showing no tankers loading for multiple consecutive days.　　The stoppage isn‘t a technical glitch or a scheduling gap. It’s the result of an intensified US naval blockade that has now prevented Iran from successfully exporting crude oil by sea for 28 straight days.　　What Kharg Island means for Irans economy　　Here‘s the thing about Kharg Island: it handles nearly 90% of Iran’s oil exports. Its not just important infrastructure. It is the infrastructure, the single chokepoint through which almost all of Irans crude reaches the global market.　　Satellite images have confirmed what tracking data suggested: no oil tankers have been loading at the terminal for an extended stretch. Thats unprecedented in the context of the current war. Even during previous escalations, some level of export activity continued.　　US officials have reportedly identified Kharg as a critical “pressure point” in their strategy to cripple Iran‘s export capacity. The logic is straightforward. If you can’t ship oil out, storage tanks fill up. Once

05-15

Zcash price dips after surge, but bullish momentum remains intact

Tech　　Zcash price dips after surge, but bullish momentum remains intactZcash price fell to intraday lows of $532 after surging above $570.Over $5.1 million in Zcash futures positions were liquidated in the last 24 hours.Bullish case remains if buyers hold $500, but a breakdown could push ZEC toward $370.　　Zcash (ZEC) fell back below the $550 level on Friday morning, trading near $530 as profit-taking emerged across the broader cryptocurrency market.　　The pullback has coincided with elevated activity in derivatives markets, which analysts say suggests traders are still adjusting leverage and positioning following the tokens recent rally.　　Zcash price drops below $550　　Market data shows Zcash (ZEC) has declined over the past 24 hours, falling to intraday lows near $532.　　The pullback follows a strong rally that pushed the token above $570 on Thursday, May 14.　　The earlier gains came after The Wall Street Journal published an article comparing Bitcoin and Zcash, a development that Grayscale said “feels like one of those moments” that often precedes a surge in broader investor interest.　　For $BTC, many early adopters trace their conviction to a single @WIRED piece in Nov 2011.　　Todays WSJ article on @Zcash $ZEC feels like one of those moments.　　Grayscale Zcash Trust (Ticker: $ZCSH) is the only pure-play and

05-15

Bitget Enters Mexico Market With SAT and UIF Registration

Bitget, the world‘s largest Universal Exchange (UEX) has successfully completed key registrations in Mexico to operate within the country’s current virtual asset framework. With the completion of these registrations, Bitget now looks to expand across Central and Latin America, where Mexico stands as one of the companys most important markets.　　Bitget has obtained vulnerable activity registration with Mexico‘s Tax Administration Service (otherwise known as SAT), and has also completed registration with the Financial Intelligence Unit (or UIF) of Mexico – together, these registrations place Bitget among the first global platforms to complete this process in Mexico, providing a strong footing in one of the region’s most active crypto markets.　　Mexico has become a major focus for digital asset platforms as interest in crypto continues to grow across the country. For Bitget, Mexico remains one of its largest markets across Central and Latin America and one of the key regional priorities. The market‘s size, rising user interest, and its wider role in regional financial significance make it an important part of Bitget’s long-term expansion in the region.　　said Gracy Chen, CEO at Bitget.　　The registrations place Bitget in a stronger position to serve the local market within Mexicos current regulatory regime, which has become more

05-15

Boeing (BA) Stock Tumbles 5% Following Disappointing China Aircraft Deal

The Boeing Company, BA　　Market sentiment clearly communicated investor disappointment. After months of anticipating a Chinese agreement, traders had projected an order volume approaching 500 aircraft.　　Boeing stock hovered near $220 during Thursday‘s session. Both the S&P 500 and Dow Jones Industrial Average advanced approximately 0.8% that day, highlighting Boeing’s underperformance.　　By Friday, Trump expanded the deals scope. Speaking with reporters, he confirmed China agreed to purchase 200 Boeing aircraft immediately, with provisions allowing purchases up to 750 planes. The jets will feature General Electric propulsion systems.　　Should the arrangement reach its full potential, this would mark Boeings largest Chinese contract in approximately ten years.　　China: A Critical Market for Boeings Future　　China‘s airlines haven’t ordered new 737s for several years. The nations carriers have remained relatively dormant regarding aircraft acquisitions following the pandemics disruption of international aviation.　　Between 2010 and 2019, Chinese customers represented over 20% of Boeing‘s total aircraft deliveries. Currently, the country comprises only around 2% of the company’s pending delivery backlog.　　Boeing forecasts China will require approximately 8,800 additional aircraft throughout the coming two decades to accommodate expanding passenger demand. This represents a market opportunity too significant for any aircraft manufacturer to abandon.　　CEO Kelly Ortberg, appointed in 2024 to spearhead the company‘s restructuring efforts,

05-15