Author: James Wilson
Singapore police charged former Hodlnaut CEO Zhu Juntao with six counts of fraud by false representation on May 26. Summary Singapore police charged former Hodlnaut CEO Zhu Juntao with six fraud counts tied to UST claims. Police said the alleged statements denied direct UST exposure and losses after Terra’s 2022 crash. Related reports show Hodlnaut previously faced claims of $190 million in UST-linked losses. The Commercial Affairs Department led the investigation into the now-defunct crypto lender. Zhu, 36, faces three charges under Section 424A(1)(a) read with Section 424A(3) of Singapore’s Penal Code. He also faces three further charges under the…
Digital asset investment products recorded $1.47 billion in outflows last week, according to CoinShares’ latest weekly fund flows report. Summary Bitcoin funds recorded $1.315 billion in outflows, marking the largest weekly Bitcoin exit of 2026. Digital asset products lost $1.47 billion last week, extending two-week outflows to $2.54 billion. XRP, Near, Solana, Sui, and multi-asset products still attracted selective inflows despite weak sentiment. The move marked a second straight negative week and the third-largest weekly outflow of 2026. Bitcoin led the withdrawals, with $1.315 billion leaving investment products. CoinShares said this was the largest weekly Bitcoin outflow of 2026, passing…
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…
Strategy added no Bitcoin between May 18 and May 24, according to Lookonchain’s weekly report. Summary Strategy bought no Bitcoin last week as Michael Saylor’s firm focused on bonds instead. BitMine also added no Ethereum after slowing purchases near its major ETH treasury target. Four public firms still bought 612 Bitcoin despite weaker stablecoin liquidity and DEX volumes. The pause came during a week when stablecoin liquidity fell by $687 million and spot and perpetual trading volume on decentralized exchanges also declined. May 18–May 24, 2026 #LookonchainWeeklyReport🟢 OverviewStablecoin liquidity fell $687M, and DEX spot and perp volumes both declined. Public…
Zcash privacy claims faced a direct challenge after Arkham Intelligence linked 53% of ZEC transactions to identified entities. Summary Arkham Intelligence labeled over 53% of all Zcash transactions and linked $420 billion in ZEC volume to identifiable individuals and institutions. The tracking covers 48% of all transaction inputs and outputs and 37% of total ZEC balances, approximately $2.5 billion, per Arkham’s published research. Zcash founder Zooko Wilcox clarified that fully shielded-to-shielded transactions remain cryptographically protected and that Arkham cannot access the shielded pool. Blockchain analytics firm Arkham Intelligence published research revealing it had labeled more than 53% of all Zcash…
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…
A crypto PAC affiliated with Fairshake has poured $5 million into a Texas congressional runoff ahead of Tuesday’s vote. Summary Protect Progress spent $5 million supporting Christian Menefee and $2.8 million opposing Al Green in Tuesday’s Texas 18th District runoff. The Kalshi prediction market puts Menefee’s odds at 91% and Paxton’s at 96% in the parallel Texas Senate runoff, where total betting volume exceeded $16 million. Green voted against the GENIUS Act and the Clarity Act and holds an F grade from Stand With Crypto, making his seat a direct target for Fairshake’s $193 million 2026 war chest. Protect Progress,…
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,…
The Wadoozie Ethereum signal network activates today with a fair launch via Uniswap and a 48-state US road tour. Summary Wadoozie, a narrative-driven Ethereum ERC-20 token with ticker $WADZ, launches on Uniswap on May 27 with no presale, no whitelist, and zero buy and sell tax. 75% of the total supply is locked in a DAO-governed liquidity pool at launch, with the team’s 3% fully locked for 12 months and the contract renounced. The project distributes 576 Signal Fragments across all 48 contiguous US states, redeemable for $WADZ tokens in four prize tiers, tied to a physical touring schedule. Wadoozie…