crtypto & forex news

Bitcoin treasury company Strategy (formerly MicroStrategy) has disclosed its intention to repurchase $1.5 billion of its 2029 convertible debt notes. This move comes amid commentary on the shift in the Michael Saylor-led firm’s “Never Sell” perspective, intensifying focus on the company’s market actions in the coming weeks. Will Strategy Sell Bitcoin To Repurchase Its Debt? In a May 15th post on the social media platform X, Strategy’s chairman, Michael Saylor, confirmed that the firm has filed to repurchase $1.5 billion principal amount of its convertible senior notes due in 2029. This decision comes as part of the outcome of privately negotiated transactions with holders of this debt security. In the Form 8-K filed with the United States Securities and Exchange Commission (SEC) on May 14th, Strategy disclosed that it agreed to retire approximately $1.50 billion in aggregate principal amount of the 2029 Notes for an estimated aggregate cash repurchase ...

The $292 million KelpDAO exploit is among the biggest crypto losses of 2026. The impact of this attack on users’ confidence was broad, triggering a $13.5 billion drop in DeFi total value locked (TVL). However, recent developments suggest a return in market confidence. Investors Move To Accumulate rsETH As KelpDAO Resumes Operations  On April 18, attackers exploited a vulnerability in KelpDAO’s LayerZero-cross chain bridge, carting away 152,577 rsETH, valued at $292 million. According to a report from analytics firm Santiment, this day also experienced a net inflow of 563 rsETH, worth $1.1 million, into exchanges. Santiment analysts explain that the market reaction is expected, as the exploit has generated concern about KelpDAO’s safety and rESTH. Therefore, investors moved their holdings to exchanges to sell or swap them for other assets, e.g., stablecoins, thereby reducing their exposure to the negative effects of the hack. On April 18th, the infamous day of the Kel...

Crypto pundit CharuSan has explained why Ripple’s XRP is a better choice for cross-border transactions than SWIFT. He also predicted that SWIFT is likely to integrate XRP at some point to avoid becoming redundant.  Why Ripple’s XRP Has A Competitive Edge Over SWIFT In an X post , CharuSan said that SWIFT is cumbersome and slow, and will completely lose its competitive edge against XRP’s ODL technology , which frees up trillions of dollars for banks in seconds. He further noted that XRP addresses these banks’ pain points by enabling faster, cheaper payments, prompting them to reconsider their use of SWIFT.    In line with this, he opined that XRP will take over the market rapidly rather than gradually. The pundit also mentioned that the main software used by banks is already integrated with Ripple , which means that the technical path is ready. CharuSan added that there is no need to meet with 13,000 banks one by one, as a single update will integrate all banks into the system...

Crypto pundit Pumpius has revealed how the CLARITY Act represents a “massive” win for XRP with key provisions to protect its ecosystem. He also alluded to another recent development, which will enable the altcoin to take over the global financial system .  Pundit Highlights CLARITY Act As A Major Win For XRP In an X post , Pumpius alluded to section 604 of the CLARITY Act as a massive win for XRP. The section focuses on the Blockchain Regulatory Certainty Act , which protects crypto developers. He noted that if someone builds an open-source blockchain software and does not control users’ funds, then they will not be classified as a money transmitter.  Furthermore, these developers won’t have any obligations to the FinCEN or be subject to federal criminal law or state registration rules. Pumpius declared that writing code is not money transmission, nor is building self-custody tools or running nodes. As such, this is expected to build the confidence of developers in the XRP Ledger ...

A parliamentary ethics probe is now underway and focused on Nigel Farage, leader of the UK’s Reform Party, after reports surfaced that the government official bought a $1.8 million property weeks prior to entering office — a purchase made possible, at least in part, by a $6.7 million personal gift from a crypto billionaire. A Gift Before The Campaign The property, with a market value of roughly 1.4 million British pounds, was acquired in May 2024. The timing was significant. According to Sky News, the deal closed just weeks before Farage publicly disclosed he was running for parliament in the general elections. The gift — 5 million pounds — came from Christopher Harborne, a British crypto billionaire. Farage has described it as a personal gift, not a political donation. Farage and the Reform Party say no rules were broken. Their argument rests on timing: because the money changed hands before Farage took office, they say it falls outside the reporting requirements that appl...

Hana Financial Group, one of South Korea’s four largest banking conglomerates, announced on May 15 that its flagship Hana Bank has approved the purchase of a 6.55% stake in Dunamu — the operator of Upbit, South Korea’s dominant crypto exchange — from Kakao Investment for approximately 1 trillion Korean won, equivalent to roughly $670 million, marking the largest single investment ever made by a South Korean bank into a digital asset company. The deal, disclosed in a regulatory filing the same day the Hana Bank board approved it, will make Hana Financial the fourth-largest shareholder in Dunamu, per Korea Herald reporting. The current shareholder structure places founder and Chairman Song Chi-hyung at 25.51%, Vice Chairman Kim Hyoung-nyon at 13.10%, and Woori Technology Investment at 7.2%. Kakao Investment, currently the third-largest shareholder, will retain approximately 4% after the transaction closes. Beyond The Equity: What The Partnership Covers The investment is no...

Solana is seeing renewed interest from institutional investors, who appear to have flipped bullish on SOL again. This follows the record inflows that the SOL ETFs have recorded since the start of this month, which have pushed the altcoin to a four-month high.  Solana Sees Fresh Inflows From Institutional Investors According to SoSoValue data , Solana ETFs have recorded a total net inflow of $90 million since the start of the month, higher than their net inflows over the past three months. Notably, these funds saw total inflows of $26 million on May 11, which is the highest daily net inflow since February 25.  The Solana ETFs now boast total net assets of $1.02 billion, which represents almost 2% of SOL’s market cap . Meanwhile, renewed inflows into these funds pushed SOL to a four-month high of around $97, with the altcoin now eyeing a push toward the psychological $100 level. However, derivatives data paint a mixed signal about the sentiment towards SOL at the moment.  CoinGlas...