Author: John Smith
Tetra Digital Group’s CADD, Canada’s first regulated Canadian dollar stablecoin issued by a financial institution, can now be custodied by Anchorage Digital for institutional clients. Summary Anchorage Digital will provide regulated custody for CADD to institutional investors CADD is backed 1:1 by Canadian dollars held at a licensed Canadian trust company The stablecoin is approved by Alberta regulators and designed for on chain CAD settlement As of May 22, institutions can now hold CADD through Anchorage Digital, a federally chartered crypto bank and qualified custodian that offers regulated digital asset infrastructure to banks, fintechs and asset managers. How does CADD’s…
NEAR Protocol has rallied more than 44% from its weekly low as AI-driven momentum, protocol upgrade optimism, and aggressive short liquidations pushed the token toward a major technical breakout. Summary NEAR price surged more than 44% from its weekly low as AI narrative momentum, protocol upgrade optimism, and short liquidations fueled a breakout above key resistance levels. A potential golden cross between the 50-day and 200-day moving averages has strengthened bullish sentiment, with traders now watching the $3 psychological level. CoinGlass data showed dense liquidation clusters above $2.30, while open interest jumped over 51% amid rising leveraged positioning in NEAR…
Hyperliquid and Zcash are leading the altcoin market, but analysts warn that crowded sentiment and stretched indicators may raise pullback risk. Summary Hyperliquid trades near $59 after hitting a $62.18 all-time high on May 21. Zcash is up over 100% in 30 days, but traders now watch the $700 resistance zone. Analysts warn crowded sentiment and overbought signals may raise pullback risk for both assets. Hyperliquid traded near $59.11 on May 22 after gaining 29.68% over seven days and 45.77% over the past month. The token reached an all-time high of $62.18 on May 21, while 24-hour volume stood at…
The Verus Ethereum bridge exploiter has returned 4,052 ETH to the project team after a settlement offer, while keeping 1,350 ETH as a bounty. Summary PeckShield says the Verus bridge exploiter returned 4,052 ETH, equal to 75% of stolen funds. The exploiter kept 1,350 ETH as a bounty after Verus proposed settlement terms publicly. Earlier reports linked the Verus bridge exploit to missing validation checks in cross-chain transfer logic. PeckShield said the Verus bridge exploiter returned 4,052.4 ETH, worth about $8.5 million, to a Verus team address. The firm said the returned assets represented 75% of the stolen total. Etherscan…
Galaxy Digital founder Mike Novogratz has appeared in court as the company fights BitGo’s $100 million claim tied to a failed $1.2 billion merger. Summary Mike Novogratz testified in Delaware court over Galaxy’s failed $1.2 billion BitGo acquisition. BitGo is seeking a $100 million termination fee after Galaxy called off the merger in 2022. The dispute centers on financial statements, SEC accounting rules, and whether Galaxy validly ended the deal. Novogratz appeared in Delaware Chancery Court this week in the long-running dispute between Galaxy Digital and BitGo. BitGo is asking the court to make Galaxy pay at least $100 million…
U.S. lawmakers have introduced ARMA, a new bill that seeks to create a Treasury-run Strategic Bitcoin Reserve with a 20-year holding rule. Summary ARMA would create a Treasury-run Bitcoin reserve and separate stockpile for other federal digital assets. The bill would keep federal Bitcoin locked for 20 years, unless sold to reduce debt. Lawmakers also want quarterly audits, proof-of-reserve reports, and reviews of budget-neutral Bitcoin acquisition methods ahead. Rep. Nick Begich introduced the American Reserve Modernization Act of 2026 alongside co-lead Rep. Jared Golden. Begich’s office said the bill would create a Strategic Bitcoin Reserve within the U.S. Treasury and…
Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain. Summary Amundi, Europe’s largest asset manager, and Spiko Finance launched SAFO, a UCITS-compliant fund on Solana, making it the eighth chain in their strategy. SAFO is a tokenized sub-fund under the SPIKO SICAV structure, backed by total return swaps with BNP Paribas as a Tier 1 banking counterparty. The launch coincides with US Solana spot ETFs crossing $1 billion in assets under management and Goldman Sachs reducing its SOL exposure. Amundi, managing €2.4 trillion in assets, and Spiko Finance announced the launch…
Mark Cuban says he has sold roughly 80% of his Bitcoin holdings after losing confidence in its hedge narrative. Summary Mark Cuban told Front Office Sports he sold most of his Bitcoin after gold surged to $5,000 during the US-Iran conflict while Bitcoin fell. Cuban called Bitcoin “not the hedge I expected” and said it “has lost the plot,” while maintaining he still holds Ethereum for its utility. Bitcoin defenders note the asset has risen more than 16% since the first signs of the US-Iran conflict, countering Cuban’s narrative on the timeframe. Billionaire Mark Cuban told Front Office Sports he…
Kraken has launched AVAX staking for eligible users globally, offering up to 10% APY on bonded positions. Summary Kraken launched AVAX staking on May 21 with three options: Bonded Staking up to 10% APY, plus Auto Earn and Flexible Staking each at up to 3.5% APY. The 10% bonded rate is promotional and will drop to 7% APY after the introductory period, with all rewards automatically restaked to compound returns. Kraken manages all validator operations and infrastructure; the service is available in the US, UK, EU, Canada and Australia at launch. Kraken announced AVAX staking on May 21 with three…
MoonPay is launching MoonPay Trade, a new institutional platform that promises banks and fintechs unified access to tokenized assets, DeFi protocols and stablecoin liquidity across more than 200 blockchains. Summary MoonPay Trade targets banks, fintechs and enterprises with one interface for tokenized assets and DeFi The platform will serve as the execution layer for MoonPay Institutional It supports tokenized fund subscriptions, collateral transfers and on-chain lending via Aave, Morpho and Maple According to CoinDesk, MoonPay introduced on May 21 MoonPay Trade as a dedicated trading and execution stack for its institutional clients. The platform is aimed at banks, fintech companies and…