Coinbase said AWS failures disrupted core trading services after errors spread across multiple zones. The company traced the outage to use1-az4 in AWS’s US-EAST-1 Region. Coinbase Points to AWS Failures After Trading Services Went Down Crypto exchange Coinbase (Nasdaq: COIN) disclosed through Coinbase Support that a May 7 outage disrupted core trading services after failures

The Ministry of Economy and Finance has officially confirmed that South Korea will begin taxing virtual assets starting January 2027. Official Stance on Implementation Timeline A top South Korean finance official reportedly confirmed that the government intends to begin taxing virtual assets in January as originally scheduled, marking the first time the Ministry of Economy

Bitwise is entering tokenized funds by taking over USCC, a $277.8 million crypto carry fund that will keep its ticker, smart contracts, and token address. The move gives Bitwise its first tokenized fund while Superstate continues supporting the onchain infrastructure. Bitwise Enters Tokenized Funds With USCC Management Shift Bitwise Asset Management announced May 7 that

Following a $300 million exploit on April 18, 2026, KelpDAO has publicly challenged LayerZero Labs’ account of the incident, alleging that the bridge provider is deflecting blame for its own infrastructure failures. The Dispute Over Network Configuration KelpDAO has issued a blistering response to Layerzero Labs following an April 18 exploit that drained more than

A trader deposited roughly 500,000 USDC into the decentralized perpetuals platform Hyperliquid early Wednesday and leveraged it 40 times, opening a $20.32 million bitcoin short with a liquidation threshold sitting at $82,236, just over 1% above bitcoin’s current trading level. Key Takeaways: Trader 0x128e opened a $20.32M, 40x BTC short on Hyperliquid, per Lookonchain. The

Circle shares surged nearly 20% on May 4, closing at $119.53, after U.S. Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the CLARITY Act’s stablecoin rewards language. Key Takeaways Tillis and Alsobrooks reached a May 4 deal to ban stablecoin rewards functioning like bank interest. Circle (CRCL) stock surged nearly 20% to

A newly created Hyperliquid wallet deployed $1.31 million into a 6x leveraged long on toncoin (TON) on Tuesday, setting a liquidation floor at $1.4213 and drawing immediate attention from onchain tracking firms. Key Takeaways: A new Hyperliquid wallet opened a 6x TON long worth $1.31M on May 5, with a $1.42 liquidation price. The trade

Issued by Anchorage Digital, the Solana-based dollar-pegged stablecoin comes to revitalize the remittances and settlements processes at Western Union, which rely largely on legacy rails that trap idle liquidity to function properly. Key Takeaways: Western Union launched its 1st stablecoin, USDPT, on Solana with Anchorage Digital Bank. Solana’s 24/7 settlement capabilities free up idle liquidity

Strategy paused bitcoin purchases, shifting market focus to its 818,334 BTC exposure. Michael Saylor confirmed the halt after the company’s latest disclosed buy, leaving traders watching his orange-dot posts for the next signal. Key Takeaways: Strategy paused bitcoin purchases after its latest disclosed $255 million BTC acquisition. Investors shifted focus toward MSTR’s leverage, reserves, volatility,

Following a week marked by an absence of both inflows and outflows, the stablecoin economy recorded $1.08 billion in inflows from April 26 through May 3. Data further indicates that, as of Sunday, the sector’s total market valuation stands at $321.759 billion, based on figures logged by defillama.com. Key Takeaways: Stablecoin market hits $321.759B after

Onchain investigator ZachXBT has accused U.S. law firm Gerstein Harrow LLP of filing fraudulent claims over frozen crypto assets linked to North Korea’s Lazarus Group, a tactic he says directly harms the actual victims of recent exploits. Key Takeaways: ZachXBT named Gerstein Harrow LLP for filing fake DPRK claims to seize $71M in frozen KelpDAO

Bitgo is pushing digital asset security beyond private keys with a five-layer transaction model designed to stop manipulation before execution. The system checks intent, device, identity, behavior, and policy, targeting risks before transactions are finalized. Key Takeaways: Bitgo introduced five security layers for institutional digital asset transactions. Controls address deepfakes, API spoofing, address manipulation, and

An onchain trader has opened a $1.96 million leveraged long on 11.96 million MEGA tokens and is already sitting on $402,000 in unrealized losses, a harsh reminder that altcoin risks do not disappear even when leverage is minimal. Key Takeaways: Trader 0xcc15 opened a $1.96 million leveraged long on 11.96M MEGA tokens and is already

Canada’s Alberta Investment Management Corporation disclosed a $219 million purchase of Strategy Inc. shares, marking the pension giant’s first-ever allocation to a bitcoin-linked asset. Key Takeaways: AIMCo, Canada’s $195B asset manager, bought 1.38 million MSTR shares worth $219M in its first bitcoin-linked bet. Canada’s top institutions, including RBC and CPPIB, now hold Strategy Inc. stakes

The Senate Banking Committee voted 13-11 along party lines Wednesday to advance Kevin Warsh’s nomination as the next chair of the Federal Reserve, sending the pick to the full Senate for a final confirmation vote. Key Takeaways: The Senate Banking Committee advanced Kevin Warsh’s Fed Chair nomination 13-11 on April 29, 2026. Sen. Thom Tillis

Galaxy Digital reported a $216 million first-quarter loss amid a broad crypto market decline, while pushing ahead with its Helios data center project as a new source of revenue. The firm’s balance sheet remains liquid, with $2.6 billion in cash and stablecoins. Key Takeaways: Galaxy Digital posted a $216M Q1 loss as the crypto market

The United Arab Emirates officially withdrew from OPEC and the broader OPEC+ alliance on April 28, 2026, and bitcoin fell below $76,000 within hours of the announcement. Key Takeaways: The UAE exits OPEC on May 1, 2026, ending 59 years of membership and removing OPEC’s third-largest producer. Bitcoin fell from a weekly high of $79,490

Blackrock anchors OKX’s tokenized Treasury collateral framework with Standard Chartered, enabling institutions to trade while maintaining yield and regulated custody. Key Takeaways: OKX framework, introduced April 28, 2026 enables tokenized U.S. Treasury assets as trading margin and collateral. Blackrock BUIDL fund delivers tokenized Treasury exposure with yield benchmarked to the U.S. Federal Funds rate. Standard