crtypto & forex news

The crypto industry is seriously under attack following a recent surge in exploit incidents. According to market analyst Ali Martinez , data from DeFiLlama shows that April was particularly bad for digital asset firms and protocols, with 29 attacks recorded, the highest ever in a single month. Without a doubt, these incidents have sparked concerns among crypto enthusiasts, leading to speculation about potential causes and solutions to this disturbing pattern. Notably, total attacks in April resulted in combined losses of $635 million. About 90% of these losses can be attributed to attacks on the Drift Protocol and KelpDAO. Drift Protocol, the largest Solana-based decentralized perpetual futures exchange, saw North Korean hackers drain $285 million by tricking the security council into unknowingly pre-signing transactions using a fictitious CarbonVote token. On the other hand, Kelp DAO , an Ethereum-based liquid staking protocol, lost $292 million in rsETH after attackers exploited t...

The US CLARITY Act, a legislative proposal that seeks to establish a regulatory framework for the crypto industry in the United States, has taken a major step toward becoming law . This comes after the surprise finalization of the new stablecoin yield provisions in the crypto market structure bill. Crypto Firms Not To Pay Bank-Like Interests On Stablecoin On Friday, May 1st, US Congress Journalist Brendan Petersen posted on the X platform that US Senators Thom Tillis and Angela Alsobrooks have finalized a compromise on the stablecoin yield provision in the CLARITY Act. This subject has been a reason for dispute between the crypto and banking industries (who believe that stablecoin yields could hurt the banking system’s competitiveness) over the past few months. As stipulated in the final text titled “SEC 404. Prohibiting interest and yield on payment stablecoins”, the CLARITY Act states that crypto firms are not allowed to pay “any form of interest or yield...

The Ethereum Foundation has completed another over-the-counter sale of its ETH holdings, this time offloading 10,000 ETH to BitMine Immersion Technologies as the counterparty. The transaction follows a continuing pattern of structured selling that has defined the Foundation’s treasury activity in recent months. Ethereum Foundation Completes Third Deal With Bitmine In an X post on May 1, the Ethereum Foundation reports its latest transaction with Bitmine involving an OTC sale of 10,000 ETH. The announcement explains that proceeds from the sale are earmarked for the Foundation’s core operations, covering protocol research and development, ecosystem expansion, and community grants. 0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,292.15 via OTC. For this sale, our OTC counterpart was @BitMNR . — Ethereum Foundation (@ethereumfndn) May 1, 2026 Interestingly, this recent event marks the third ETH sale transaction between the...

Taiwan’s central bank is being given one month to produce a report on stablecoins and digital asset reserves — a deadline set not by its own leadership, but by a lawmaker in the country’s legislature. A Formal Push From The Legislature That instruction came from Dr. Ko Ju-Chun, a member of the Legislative Yuan, who formally presented a proposal urging Taiwan to allocate a portion of its national reserves into Bitcoin . The report he submitted was backed by the Bitcoin Policy Institute and was handed directly to Premier Cho Jung-tai and central bank Governor Yang Chin-long during an official session. This was not a press statement or a public speech. It was delivered inside a government chamber, to the people who hold the authority to act on it. The driving concern behind the proposal is the shape of Taiwan’s reserve portfolio. The country holds roughly $600 billion in foreign exchange reserves. More than 80% of that is tied to US dollar assets. BPI research...

The U.S. SEC recently highlighted an NYSE proposal that places XRP alongside Bitcoin and Ethereum as eligible assets under the generic listing standards. This is a positive for the altcoin, which was once considered a security by the SEC under Gary Gensler.  XRP Named as Eligible Asset Alongside Bitcoin and Ethereum In SEC Filing The SEC published a notice seeking comments on the NYSE’s proposed rule change for crypto ETFs to hold 80% of their net asset value (NAV) in eligible assets under the generic listing standard. The Exchange had mentioned XRP alongside Bitcoin and Ethereum as eligible crypto assets to which this proposed rule change will apply.  This notably reemphasizes the generic listing standard for crypto ETFs, which the SEC approved last year, under which it classified the token as an eligible asset for faster ETF approvals. This marked a significant shift from the previous SEC administration under Gary Gensler, when the Commission signaled that it could only a...

The broader cryptocurrency market appears to have turned bullish again, with leading assets such as Bitcoin bouncing back strongly. While the market is showing strength, it could be preparing for one of its most significant moments in history with a major wealth redistribution on the horizon. Massive Wealth Shift Expected Across the Crypto Market Following the recent bullish wave, a bold narrative is starting to gain traction across the entire cryptocurrency market. The narrative involves a major wealth redistribution that could flip the direction of the market in the short and long term. Everstake, the largest global non-custodial staking infrastructure provider, announced on the social media platform X that the biggest wealth transfer in crypto history is emerging underneath the surface. Early adopters, institutional actors, and developing participants are all adjusting to what may be a transformative era as cycles change and fresh capital enters the ecosystem . In the past, ...

Iran’s currency has lost between 60% and 70% of its value against the US dollar. One of the country’s largest banks collapsed last December. And now, nearly half a billion dollars in cryptocurrency tied to the Iranian government has been seized by the United States. Currency In Free Fall Treasury Secretary Scott Bessent confirmed Wednesday that American authorities have taken control of close to $500 million in Iranian crypto assets — a figure well above the $344 million that had been publicly reported just days earlier. Bessent disclosed the updated number during an appearance on Fox Business’s “Kudlow,” where he laid out the scale of a campaign that has been targeting Tehran’s finances on multiple fronts. “We are freezing bank accounts everywhere,” Bessent said. “More importantly, we are making people less willing to deal with the regime.” He added that retirement funds and overseas real estate belonging to Tehran offic...