Latest Crypto News & Market Updates

Cardano Founder Warns Crypto’s Quantum Threat May Hit Before 2033

Other networks face the same math. Bitcoin alone holds billions in exposed coins sitting in addresses with revealed public keys. Earlier research on Q-Day projections flagged the same risk.　　“That gives us median estimate ~10 years before modern public key crypto is definitively broken. (That said, can happen sooner! Its not a point estimate, but a distribution, fuzzy on both the downside and upside.),” Haseeb Qureshi, Managing Partner at Dragonfly said.　　Cardano Leans on Lattice-Based Standards　　Cardanos defense centers on lattice problems such as Learning With Errors, believed to resist both classical and quantum attacks.　　The team plans to fold US NIST FIPS 203 through 206 standards into its roadmap. Those specs formalize ML-KEM, ML-DSA, SLH-DSA, and Falcon-style signatures.　　UPDATE: Charles Hoskinson says “I think there‘s a better than 50% chance that by 2033, there will be a working commercial quantum computer at scale. We’re working on lattices, but the federal standards have already been applied—FIPS 203 to 206. We know how to protect ourselves.” pic.twitter.com/vYmohOlUBK　　— Angry Crypto Show (@angrycryptoshow) May 11, 2026　　Hoskinson contrasted Cardanos governance and hard-fork cadence with chains that face harder coordination on migration.　　He pointed to a forthcoming Cardano research proposal on quantum resistance.　　Community votes on the broader strategy are already underway.

05-17Industry

Trump advisers warn of heightened risk of China invading Taiwan in next 5 years

Tech　　Trump advisers warn of heightened risk of China invading Taiwan in next 5 years　　Some of President Trump‘s closest advisers believe the most consequential outcome of the recent Beijing summit isn’t a trade deal or diplomatic reset. Its a growing conviction that Chinese President Xi Jinping may move against Taiwan within the next five years, potentially severing the semiconductor supply chain that underpins everything from AI models to crypto mining hardware.　　One Trump adviser described Xi‘s posture in blunt terms: China is no longer positioning itself as a rising power. It’s asserting parity with the US and signaling that Taiwan belongs to Beijing. The warmth of the summit, by this reading, was strategic theater masking a more aggressive territorial stance.　　Why Taiwan matters to every portfolio, including crypto　　Taiwan is the world‘s most important chokepoint for advanced semiconductors. TSMC, headquartered in Hsinchu, fabricates the vast majority of the world’s most advanced chips. These aren‘t commodity products. They’re the silicon brains inside AI accelerators, data center GPUs, smartphones, and increasingly, specialized hardware used in blockchain infrastructure.　　The intelligence picture: invasion isnt the only scenario　　The 2026 Annual Threat Assessment from the US Intelligence Community states that Chinese leaders do not currently intend to invade Taiwan by 2027

05-17Industry

Hyperliquid oil perps put Wall Street’s 24/7 trading push to the test

Tech　　Hyperliquid oil perps put Wall Streets 24/7 trading push to the test　　CME Group plans to make its cryptocurrency futures and options trade around the clock beginning May 29, a product line that posted $3 trillion in notional volume in 2025 and is running 46% above that pace year-to-date.　　ICEs New York Stock Exchange is developing a tokenized securities platform built for 24/7 operations, instant settlement, dollar-sized orders, and stablecoin-based funding, pending regulatory approvals.　　Both exchange operators have directed capital and infrastructure toward the same always-open structure pioneered by crypto-native venues.　　Bloomberg reported on May 15 that the same two exchange giants are pressing US officials to rein in Hyperliquid, the offshore crypto venue that built the model before either incumbent filed.　　According to people familiar with the discussions, CME and ICE alleged that Hyperliquids anonymous trading environment could distort global oil prices, facilitate market manipulation, and enable state actors to circumvent sanctions enforcement.　　Bloomberg had separately reported in March that a Hyperliquid perpetual contract tracking WTI crude generated more than $1.2 billion in 24-hour volume during a traditional-market oil spike, briefly becoming the platforms second-most-traded market.　　The fight that CME and ICE are allegedly taking to Washington is over who gets to run continuous markets when

05-17Industry

Cardano Begins Building Quantum Resistant Future With Security Initiative

Tech　　Cardano Begins Building Quantum Resistant Future With Security Initiative　　Cardano builder Input Output Group has revealed a new research proposal projected to boost Cardanos quantum readiness.　　In a tweet, Input Output stated that the IO Research proposal future-proofs Cardano and builds long-term resilience for post-quantum security.　　IO noted that the quantum threat represents a long-term reality, with the time to prepare being not later but now. It noted that layer by layer, Cardano is being hardened.　　The IO Research proposal future-proofs Cardano and builds long-term resilience for post-quantum security.　　The quantum threat is a long term reality and the time to prepare is now! Layer by layer, Cardano is being hardened.　　Vote now: https://t.co/w4RvEv5nY4 pic.twitter.com/6yqn8BKK41　　— Input Output Group (@IOGroup) May 16, 2026　　Three strategic themes underpin Input Outputs proposal for the Cardano ecosystem, which includes human-centered design, scalable architecture, and post-quantum security. Scalability will be addressed through a layered approach, combining consensus improvements such as Leios and Peras, and execution scaling such as L2s and data availability ZK-enabled scaling, including ZK rollups.　　Post-quantum security ensures long-term resilience as cryptographic assumptions evolve, with proactive evaluation and migration planning for quantum-resistant primitives.　　Peter Brandt Warns Solana Could Crash　　Is Hyperliquid Worth All the Recent Hype？　　The Cardano Vision 2026 proposal builds on this

05-17Industry

Drone strike ignites fire outside Barakah Nuclear Power Plant in Abu Dhabi

Tech　　Drone strike ignites fire outside Barakah Nuclear Power Plant in Abu Dhabi　　A drone strike caused a fire outside the Barakah Nuclear Power Plant in Abu Dhabi, according to reports, with no injuries or safety impact at the facility itself.　　The Barakah plant, the UAE‘s sole nuclear power facility, sits on the country’s western coast near the Saudi border. It represents a cornerstone of the Emirates push to diversify its energy portfolio beyond hydrocarbons.　　What we know so far　　Reports indicate the fire broke out outside the plants perimeter following a drone strike, with UAE authorities stating there were no injuries and no impact on nuclear safety operations.　　A confirmed Iranian drone strike recently hit an oil facility in Fujairah, another emirate on the UAEs eastern coast, injuring three Indian nationals. During that attack, the UAE military intercepted multiple missiles, signaling a clear escalation in the tempo and ambition of strikes against Emirati assets.　　Previous claims of Houthi missile attacks directly targeting Barakah have surfaced in the past. UAE authorities denied those earlier reports, citing effective missile defense systems that neutralized incoming threats before they reached sensitive sites.　　The broader security picture　　The Fujairah oil facility strike confirmed that Iran can reach deep into UAE territory. Analysts have

05-17Industry

Asteroid (ASTEROID) Skyrockets, But It Might be Nothing: Analyzing What Triggered the Growth

Tech　　Asteroid (ASTEROID) Skyrockets, But It Might be Nothing: Analyzing What Triggered the Growth　　Following an aggressive buying spree by a major whale, the meme token Asteroid abruptly surged higher, driving price action into a sharp vertical rally.　　Asteroid doesnt want to stop　　At an average entry price close to $0.0003297, one of the top five token holders spent about $1.39 million accumulating ASTEROID, according to on-chain trading data. The wallets unrealized profit increased to about $366,000 after the move, a gain of 26.4% in a very short period of time.　　Source: ai_9684 on X　　The whale currently holds nearly 4.21 billion ASTEROID tokens, or 99.9% of the position that was initially accumulated, and hasnt sold a single token, so the move immediately garnered attention. The token was quickly repriced upward toward the $0.00041 range as a result of the large purchase, which set off a massive green candle.　　Peter Brandt Warns Solana Could Crash　　Is Hyperliquid Worth All the Recent Hype？　　The biggest catch　　The rally appears impressive at first glance. The issue is that, rather than being essentially organic, the majority of the growth seems to be liquidity-driven. The chart structure clearly indicates that concentrated whale activity, rather than widespread retail participation or ecosystem expansion, was the primary

05-17Industry

House Agriculture leaders urge Trump to fill CFTC seats before CLARITY Act passes

Tech　　House Agriculture leaders urge Trump to fill CFTC seats before CLARITY Act passes　　The CFTC is about to get handed one of the biggest regulatory mandates in its history. It currently has one person to do the job.　　House Agriculture Committee Chair Glenn “GT” Thompson (R-PA) and Ranking Member Angie Craig (D-MN) sent a bipartisan letter to President Trump urging him to nominate four new commissioners to the Commodity Futures Trading Commission. The agency, which would gain sweeping new authority over spot trading of digital commodities under the Digital Asset Market CLARITY Act, has had four of its five seats vacant since December. Chairman Michael Selig is currently running the show solo.　　One commissioner, massive new responsibilities　　Congress is actively building legislation that would transform the CFTC from a derivatives-focused watchdog into a major player in crypto market oversight. The CLARITY Act already advanced through the Senate Banking Committee with a 15-9 vote, signaling real momentum. And the agency thats supposed to implement all of this has exactly one decision-maker.　　Thompson and Craig aren‘t just making a procedural request. They’re flagging a structural problem that could undermine the legitimacy of any regulations the CFTC produces. A single commissioner crafting rules for an entirely new market

05-17Industry

Hyperliquid oil perps put Wall Street’s 24/7 trading push to the test

Tech　　Hyperliquid oil perps put Wall Streets 24/7 trading push to the test　　CME Group plans to make its cryptocurrency futures and options trade around the clock beginning May 29, a product line that posted $3 trillion in notional volume in 2025 and is running 46% above that pace year-to-date.　　ICEs New York Stock Exchange is developing a tokenized securities platform built for 24/7 operations, instant settlement, dollar-sized orders, and stablecoin-based funding, pending regulatory approvals.　　Both exchange operators have directed capital and infrastructure toward the same always-open structure pioneered by crypto-native venues.　　Bloomberg reported on May 15 that the same two exchange giants are pressing US officials to rein in Hyperliquid, the offshore crypto venue that built the model before either incumbent filed.　　According to people familiar with the discussions, CME and ICE alleged that Hyperliquids anonymous trading environment could distort global oil prices, facilitate market manipulation, and enable state actors to circumvent sanctions enforcement.　　Bloomberg had separately reported in March that a Hyperliquid perpetual contract tracking WTI crude generated more than $1.2 billion in 24-hour volume during a traditional-market oil spike, briefly becoming the platforms second-most-traded market.　　The fight that CME and ICE are allegedly taking to Washington is over who gets to run continuous markets when

05-17Industry

Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore

Tech　　Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore　　A stablecoin most people have never heard of has quietly become one of the largest non-dollar stablecoins on the planet. A7A5, a ruble-pegged token issued by a Kyrgyz company called Old Vector, has processed between $70 billion and $100 billion in on-chain transaction volume since launching in January 2025.　　A7A5 is backed by ruble deposits held at Promsvyazbank, a Russian bank that has been under Western sanctions for years. The token is issued by Old Vector, which operates under Kyrgyzstans digital asset regulatory framework, giving it a jurisdictional home that sits outside the direct reach of US and EU enforcement.　　The token primarily runs on Tron and Ethereum. Its circulating market cap sits above $500 million, making it the 21st-largest stablecoin globally.　　A7A5 accounts for approximately 15% of Russia‘s cross-border monetary transactions. It has been described as the primary currency for Russia’s alternative payment network, facilitating trade with China, Southeast Asian nations, and Iran. Most of the trading volume flows through Grinex, an exchange purpose-built for this corridor.　　The US and EU have imposed sanctions on A7A5 and entities associated with its operation, resulting in delistings from major platforms and

05-17Industry

Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore

Tech　　Russias A7A5 stablecoin claims it can thrive post-sanctions, and the numbers are hard to ignore　　A stablecoin most people have never heard of has quietly become one of the largest non-dollar stablecoins on the planet. A7A5, a ruble-pegged token issued by a Kyrgyz company called Old Vector, has processed between $70 billion and $100 billion in on-chain transaction volume since launching in January 2025.　　A7A5 is backed by ruble deposits held at Promsvyazbank, a Russian bank that has been under Western sanctions for years. The token is issued by Old Vector, which operates under Kyrgyzstans digital asset regulatory framework, giving it a jurisdictional home that sits outside the direct reach of US and EU enforcement.　　The token primarily runs on Tron and Ethereum. Its circulating market cap sits above $500 million, making it the 21st-largest stablecoin globally.　　A7A5 accounts for approximately 15% of Russia‘s cross-border monetary transactions. It has been described as the primary currency for Russia’s alternative payment network, facilitating trade with China, Southeast Asian nations, and Iran. Most of the trading volume flows through Grinex, an exchange purpose-built for this corridor.　　The US and EU have imposed sanctions on A7A5 and entities associated with its operation, resulting in delistings from major platforms and

05-17Industry