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Aave Files Motion to Lift Restraining Order on $71M Frozen ETH

Ethereum　　Aave Files Motion to Lift Restraining Order on $71M Frozen ETHAave filed an emergency motion to vacate a restraining notice freezing $71 million in ETH.Arbitrum community intercepted the funds to return them to victims of the April 18 exploit.Plaintiffs suing North Korea claim the hackers brief possession makes the assets theirs now.　　Aave LLC filed an emergency court motion Monday asking a New York federal judge to immediately lift a restraining notice that has frozen $71 million in Ethereum belonging to victims of last months devastating protocol exploit, arguing that plaintiffs suing North Korea have essentially seized the wrong assets from the wrong people.　　The restraining notice was served on Arbitrum DAO on May 1, just as the DeFi community was finalizing plans to return those funds to thousands of users who lost money in the April 18 hack. Its timing could not have been worse.　　What Happened　　On April 18, an attacker exploited a vulnerability in the rsETH cross-chain bridge, using forged transaction messages to drain approximately $230 million worth of Ethereum from the Aave Protocol. The funds belonged to ordinary users who had deposited assets to earn interest, not to any party connected to North Korea or any other sanctioned entity.　　Members of

05-05

FLOKI Price Prediction: Technical Breakdown Points to Sharp Move Within 10 Days

FLOKIs Critical Technical Juncture　　FLOKI finds itself at a pivotal moment where technical patterns are converging toward an inevitable resolution. The RSI reading of 55.99 positions the token in neutral territory, neither overbought nor oversold, creating the perfect setup for a significant directional move. This technical positioning often precedes the most explosive price action in meme tokens.　　The MACD histograms current flat reading signals that momentum is coiling, waiting for a catalyst to unleash accumulated buying or selling pressure. When combined with Bollinger Bands showing price action at 0.60 – above the midline but not extended – the setup resembles a compressed spring ready to release energy.　　Analysts at Blockchain.news recognize this pattern as characteristic of tokens preparing for major moves, particularly when volume and price data become inconsistent across exchanges. These data irregularities often coincide with behind-the-scenes accumulation or distribution by larger holders.　　Volume Dynamics Signal Preparation Phase　　The $2.33 million in 24-hour Binance volume represents moderate engagement but lacks the intensity needed to sustain current levels long-term. This volume profile typically indicates that market participants are positioning for a larger move rather than actively trading current prices.　　The 1.57% daily gain appears modest on the surface, but for a meme coin experiencing technical compression,

05-05

KuCoin Launches PROOF: Tomorrowland Edition, Connecting Fair Trading Competitions with Real-World Experiences at Tomorrowland Belgium 2026

Tech　　KuCoin Launches PROOF: Tomorrowland Edition, Connecting Fair Trading Competitions with Real-World Experiences at Tomorrowland Belgium 2026　　PROVIDENCIALES, Turks and Caicos Islands, May 5, 2026 — KuCoin, a leading global crypto platform built on trust, today announced the launch of KuCoin PROOF: Tomorrowland Edition, introducing a new phase of its flagship trading campaign with diversified competition formats, expanded rewards, and the opportunity to experience Tomorrowland Belgium 2026. Building on the initial rollout of KuCoin PROOF — which attracted over 55,000 participants globally and drove over 500 million USDT in trading volume — the campaign continues to evolve as a multi-stage initiative designed to deliver sustained engagement through structured and verifiable trading experiences.　　The Tomorrowland Edition reflects the shared vision between KuCoin and Tomorrowland to create globally connected experiences that bring communities together across digital and real-world environments. As the exclusive crypto and payments partner of Tomorrowland Winter and Tomorrowland Belgium (2026–2028), KuCoin recently extended its presence into a cultural setting through Tomorrowland Winter 2026, bringing crypto participation into a broader community context.　　Running from May 4 to May 31, 2026, the campaign introduces a series of multi-format trading competitions, including spot and futures activities, designed to accommodate different trading styles and user segments.　　Key activities

05-05

Ripples Schwartz Reveals His XRP-Only Portfolio

As reported by U.Today, Schwartz recently pushed back against community rumors of a post-departure “gag order.”　　He has vehemently denied that he is bound by any Non-Disclosure Agreement (NDA), forcing him to lie about the company or the XRP token.　　He previously spoke about some cold water on the highly ambitious $10,000 price prediction for the XRP token, stating that the market simply did not think that such a target was reasonable.　　Schwartz has revealed that he has largely liquidated his own XRP holdings.　　According to the Ripple boss, relying on his Ripple equity provides him with enough skin in the game without the extreme volatility.

05-05

Bankers Say CLARITY Act Stablecoin Provisions Still Flawed

“This is a significant loophole that must be addressed,” the bankers said, adding that they will be sharing “detailed suggestions for strengthening the proposed language with lawmakers in the coming days.”　　However, Tillis said the current text of the CLARITY Act strikes a compromise by prohibiting stablecoin rewards on idle balances while allowing crypto platforms to “offer other forms of customer rewards.”　　“Most importantly, it helps put us on a bipartisan path to pass the CLARITY Act, providing the regulatory certainty needed to foster innovation. Some in the banking industry may not want either of these things to happen, and we respectfully agree to disagree.”　　The current text of the CLARITY Act was made public on Friday, with Coinbase and other members of the crypto industry pushing for a Senate markup next week.　　Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

05-05

PM Modi slams UAE attack as Iran strikes injure three Indians

Moreover, Pakistans Prime Minister Shehbaz Sharif also condemned the attacks on civilian infrastructure in the UAE. In a post on X, he said Pakistan “strongly condemns the missile and drone attacks on civilian infrastructure in the United Arab Emirates last night.”　　Sharif said Pakistan stood with UAE President Mohamed bin Zayed and the Emirati people. He added that the ceasefire should be respected to allow space for dialogue and regional stability.　　Canada‘s Prime Minister Mark Carney also condemned Iran’s missile and drone attacks on the UAE. He said Canada stood in solidarity with Mohamed bin Zayed and the people of the UAE.　　Carney also praised defensive steps taken to protect civilians and civilian infrastructure. He said Canada called for de-escalation and diplomacy in the region.　　Fujairah attack raises concern over Hormuz　　The UAE accused Iran of carrying out the strikes, including an attack linked to a fire at an oil facility in Fujairah. Reports said the attacks came as tensions around the Strait of Hormuz continued to pressure shipping and energy routes.　　Modi also pointed to the need for safe navigation through the Strait of Hormuz. He said free movement through the waterway was vital for regional peace, stability and global energy security.　　The UAE said its

05-05

Trump Calls Jerome Powell a “Disaster” Over High Interest Rates

Powell has held rates higher for longer, pointing to inflation concerns. Trump previously threatened to remove Powell from his post. Legal advisers warned the move would face challenges in court. His push to reshape Fed leadership has moved beyond rhetoric.　　The administration is filling vacant Fed governor seats with allies. The picks align closely with the White Houses rate-cutting agenda.　　Markets Brace for Powells Final FOMC　　The renewed attack arrives as crypto traders position for Powells last FOMC. Bitcoin (BTC) and major altcoins have shown signs of de-risking. Traders are cutting leverage and trimming exposure to high-beta assets. Open interest data suggests positioning has turned more cautious.　　Beyond monetary policy, the White House has been aggressive on multiple fronts in recent weeks. Recent steps include new tariffs on European-built vehicles and added measures targeting Iran.　　The administration has also tightened oversight of artificial intelligence. Federal review of new AI models is now required before public release. The combination of monetary, trade, and technology policy shifts has kept volatility elevated across risk markets.　　The Fed‘s next move now sits at the center of trader attention. With Powell’s term as chair winding down, the meme post sharpens an already public clash between the White House and the Fed.　　Whether

05-05

What Is Provably Fair Gaming and How Does It Work?

Tech　　What Is Provably Fair Gaming and How Does It Work？　　If youve recently visited a crypto casino or played at one, you might have noticed the Provably Fair badge. The emergence of online casinos in the early 2000s all but pushed land-based gaming venues out of the market. It revolutionized the way we play casino games, but it also came with player concerns about game fairness.　　The online casino industry came up with random number generators and testing labs, which verified each casinos fairness and integrity. But over time, players asked for a trustier system. It may have taken a decade or two, but the ever-evolving online gaming industry found it in the Provably Fair algorithm. Unlike RNGs, this algorithm lets players test fairness by themselves and is featured in games hosted by Cwinz and ones at other top sector brands that strive for maximum transparency.　　What is Provably Fair？　　Provably Fair is a new technology and algorithm that aims to establish trust between online gaming platforms and players. This system lets players independently verify the fairness and integrity of the games and each game round. Instead of relying on the operators word when it comes to game fairness, this algorithm backs up game

05-05

XRP Price as Bullish Pattern Holds Ahead of May 13 Index Launch on Russia’s Top Exchange

Tech　　XRP Price as Bullish Pattern Holds Ahead of May 13 Index Launch on Russias Top Exchange　　XRP price has paused yet again at $1.40. But its failure to go past this price has not affected a bullish pattern that has been forming for weeks. Russias Moscow Exchange will also list an XRP index on May 13, and all eyes are on this date to see whether the price is going to react. And this is not all, because even in the futures market, volumes are going up.　　Russias Top Exchange to Launch XRP Index　　The Moscow Exchange will begin listing an index that will track how XRP price is moving. It will follow how the price moves on Binance, Bitget, Bybit, and OKX. The index is going to be listed on May 13, which is barely a week from today.　　But XRP is not the only one benefiting at the Moscow Exchange because BNB, SOL, and TRX are also going to be indexed. Bitcoin and Ethereum already have their indices here. This launch is going to be very good for XRP value because there are more than 41 million people that have accounts here. Three million people out of the 41 million are not

05-05

CRV Price Prediction: $0.27 Target as Bulls Test Critical Resistance Zone

The Immediate Setup　　CRV is painting a textbook breakout scenario at $0.24, sitting perfectly on the upper Bollinger Band after a clean 2.5% daily pump. The price action screams institutional accumulation – were trading above every single short-term moving average while the RSI holds neutral ground at 59, giving plenty of room for further upside before hitting overbought territory.　　The momentum story gets interesting when you dig deeper. While MACD sits flat at zero showing hesitation, the stochastic indicators are screaming overbought at 89.71, creating a classic divergence that smart money traders exploit daily. This isnt your typical retail FOMO pump – the measured nature of this move suggests deeper pockets are positioning.　　Key Levels Exposed　　The technical landscape reveals a clear battle zone between $0.23-$0.25. CRV has successfully reclaimed the $0.23 support cluster where the 7-day, 20-day, and EMA convergence creates a fortress-like foundation. Breaking above this moving average sandwich was the first domino, and now bulls are testing the immediate resistance at $0.25.　　What makes this setup particularly compelling is how cleanly CRV bounced off the SMA 50 at $0.22 – a level thats held as a launching pad for the past several sessions. The 200-day SMA sitting way up at $0.33 shows

05-05

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