Key Takeaways Loracle sold 616,675 HYPE worth $36.76M on May 22 to defend a $103.7M short on Hyperliquid from liquidation. Bitwise’s HYPE ETF drew $58.73M since its May 12 launch, fueling sustained buying pressure on the token. Loracle’s $103M short faces forced liquidation at $69.90, roughly $12 above current HYPE levels. Loracle Offloads HYPE to
MEXC Ventures, the investment arm of global digital asset exchange MEXC, held its eighth anniversary event, titled “MEXC OVERDRIVE: 8th Year Anniversary,” at Monza Barcade in Pasig City on May 12, 2026. The racing-themed gathering brought together regional web3 community figures, including digital asset exchange VIPs, industry leaders, strategic partners, and creators from across Southeast
Key Takeaways The ARMA bill, backed by 14+ congressmen, aims for a 1M BTC federal reserve with a 20-year mandatory hold. Begich and Golden’s legislation authorizes the Treasury to buy up to 200,000 BTC annually for five years. The bill bans federal impairment of personal bitcoin ownership through an embedded self-custody clause. Bipartisan ARMA Bill
Indonesia Crypto Network (ICN) announced that the fifth annual Coinfest Asia crypto festival will take place on August 20–21, 2026, at Melasti Beach in Bali, Indonesia. The 2026 edition will expand across five beach clubs along the coastline to serve as a single integrated venue, according to an organizer statement. Tickets for Coinfest Asia 2026
Key Takeaways ZachXBT accused Kucoin of routing $13M+ in stolen funds in April while ignoring German law enforcement. The exchange has faced a $300M DOJ settlement, a $500K CFTC penalty, and regulatory bans in Austria and Japan in recent months. With no public response from Kucoin, the exchange’s AML credibility is under mounting scrutiny. ZachXBT
Key Takeaways Kucoin has launched a single-position earn-and-loan product for assets like BTC and SOL. The product targets the CeFi- DeFi divide, allowing users to unlock liquidity while keeping collateral productive. Kucoin will launch web-based portal access in 2026 alongside a broader focus on RWA infrastructure. The Shift to Capital Hubs Reflecting a broader industry
Key Takeaways Coinbase Derivatives launches perpetual-style equity index futures on June 8, 2026, targeting U.S. regulated markets. Four contracts covering AI, China, defense, and tech give traders thematic exposure via a funding-rate mechanism. Retail access to Coinbase’s AIP, CHN, DEF, and TEK perp contracts is planned for the coming months. U.S. Traders Get Regulated Equity
Key Takeaways Evernorth says XRP supports routing across XRP Ledger assets without direct counterparties. RLUSD provides dollar stability, but issuer controls may limit universal routing use. Expanding on-chain finance may require both stablecoins and neutral bridge assets. XRP Ledger Routing Structure Separates XRP From RLUSD As tokenized finance expands across blockchains, Evernorth argued that XRP
Key Takeaways CME’s XRP futures suite reached $62.87 billion in notional volume in its first year. Professional traders are gaining more tools for XRP exposure without direct token custody. Planned index futures may widen XRP’s role in institutional crypto market access. XRP Futures Gain Depth Inside CME’s Crypto Market XRP has become a larger part
Key Takeaways Rep. Begich introduced ARMA to buy 1M Bitcoin, shifting market policy before Congress sets future crypto laws. Funding the reserve via gold, the US Treasury would buy 200K BTC yearly, securing crypto property rights. Following a March 2025 EO, ARMA stabilizes US markets as Congress next drafts long-term crypto policy. Bipartisan Strategic Bitcoin