Author: John Smith

Former New York Fed chief Bill Dudley has warned that the Federal Reserve risks losing its credibility as an inflation fighter after more than five years of missing its 2% target, just as new Fed Chair Christopher Waller is trying to convince markets he can still anchor expectations. Summary Dudley argues that with inflation running above 2% for more than five consecutive years, the Fed’s claim to be an effective inflation fighter is now “at risk of being lost.” He warns that inflation expectations could become “unanchored” if the Fed keeps behaving as if policy is restrictive when, in his…

Top-100 crypto markets diverged sharply today, with Worldcoin up more than 30% and Zcash down 10%, underscoring how idiosyncratic narratives are driving returns even as majors trade sideways. Summary Worldcoin (WLD) jumped 30.06% to $0.3929, topping the large-cap gainers list. Zcash (ZEC) fell 10.01% to $610.14, leading losses among major privacy coins. AI and infrastructure tokens like FET, RENDER and TIA outperformed while DeXe, Quant, Ondo and Canton lagged. According to CoinMarketCap data, today’s strongest performer among the top 100 cryptocurrencies by market capitalization was Worldcoin (WLD), which rallied 30.06% over the past 24 hours to trade around $0.3929. The…

Bitcoin briefly reclaimed the $78,000 level in a violent short squeeze that added roughly $30 billion to its market capitalization within an hour, before volatility quickly returned. Summary Bitcoin jumped around $1,400 in a single hour to trade back above $78,000 Roughly $25 million in short positions were liquidated during the move Traders remain split on whether the spike marks a sustained breakout or another fake-out Bitcoin (BTC) ripped roughly $1,400 higher in about an hour on Tuesday, spiking back above $78,000 as a wave of forced liquidations flushed out overleveraged shorts and briefly added around $30 billion to the…

BitMine Immersion Technologies now controls 5,390,404 ETH—around 4.47% of Ethereum’s total supply—after quietly accelerating its “5% Alchemy” accumulation strategy to within striking distance of its self-imposed goal. Summary BMNR reports holding 5.39 million Ethereum (ETH) at an average entry of $2,134, plus $444 million in cash, for combined crypto, cash and “moonshot” assets of $12.3 billion. The company says it has staked roughly 4.71 million ETH—worth about $10.1 billion at recent prices—with expected annual staking income of $276 million at a 2.75% annualized yield. One listed corporate treasury now controls a low-single-digit slice of Ethereum’s supply and an even larger…

Binance has partnered with BlockShoals Technologies as it seeks a regulated path back into the Philippines.  Summary Binance partnered with BlockShoals, an approved participant under the Philippine SEC’s StratBox sandbox framework. BlockShoals will act as the approved local intermediary while Binance provides technology and compliance support. Binance remains blocked in the Philippines after the SEC raised licensing concerns in 2024. The exchange said on May 26 that the partnership will operate under the Philippine Securities and Exchange Commission’s Strategic Sandbox, also known as StratBox. BlockShoals is a Philippine-registered company approved under the SEC’s Crypto Asset Intermediary framework within the sandbox…

For most of Pi Network’s history, the same question has dominated community discussion: when do the biggest exchanges list PI? The answer has been arriving in pieces. Kraken began spot trading on March 13, 2026. OKX opened US access three days ago. Coinbase has said nothing. Binance ran a community vote in early 2025 and never acted on it, and the reasons why are now becoming clearer.  Summary Kraken listed PI for spot trading in March 2026, giving Pi Network its first major U.S.-regulated exchange listing. OKX opened PI access to U.S. users in May, strengthening Pi’s tier-1 exchange exposure…

Kelp DAO has completed the operational phase of its rsETH recovery plan more than five weeks after the Ethereum liquid staking protocol lost $293 million in a hack that investigators linked to North Korea’s Lazarus Group. Summary Kelp DAO has completed the final operational step in its rsETH recovery plan after April’s $293 million exploit linked to Lazarus Group. Aave’s lending markets are still recovering after attackers used stolen rsETH as collateral to borrow wrapped Ether and leave nearly $190 million in bad debt. According to a Monday statement posted by Kelp DAO on X, the protocol transferred the final…

OKX’s Ethereum-compatible Layer 2 network X Layer has introduced Exchange OS, a protocol upgrade that lets developers, institutions, and ecosystem teams deploy their own trading venues.  Summary X Layer launched Exchange OS to let developers create spot, perpetual, and outcome markets. The first venue will test 2026 World Cup outcome markets when it launches in June. Related reports show OKX has expanded X Layer through Aave, Uniswap, and payment tools. The system supports spot markets, perpetual markets, and outcome markets using infrastructure tied to OKX’s exchange stack. The X Layer team said “Exchange OS is designed to address one of…

Chris Larsen’s XRP wallets have resumed on-chain activity ahead of Tuesday’s Texas primary runoff. Summary Ripple co-founder Chris Larsen’s associated XRP wallets have shown renewed activity, coming ahead of Tuesday’s Texas Democratic primary runoff election. Larsen is estimated to hold approximately 2.58 billion XRP across eight wallets tracked on XRPScan, making his holdings one of the largest known individual XRP positions. XRP was trading near $1.35 at time of writing, with today’s activity following $109 million in Larsen-linked wallet transfers to exchanges recorded in January 2025. Ripple co-founder Chris Larsen’s associated wallets have resumed on-chain activity, according to blockchain data,…

Paul Graham, co-founder of Y Combinator, says Warren’s anti-crypto crusade was a ‘pure own-goal’ for Democrats. Summary Paul Graham posted on X that Senator Elizabeth Warren’s campaign against crypto was a “pure own-goal” that damaged Democrats without slowing the industry’s growth. Warren did not seek reelection in 2026 as crypto gained mainstream political and institutional acceptance under a more favourable US regulatory regime. Graham previously called former SEC Chair Gary Gensler’s approach “really stupid,” saying legitimate companies were stonewalled while actual frauds like FTX continued to operate freely. Y Combinator co-founder Paul Graham posted on X that Senator Elizabeth Warren’s…