Latest Crypto News & Market Updates

United Arab Emirates conducts secret airstrike on Irans Lavan Island refinery

Tech　　United Arab Emirates conducts secret airstrike on Irans Lavan Island refinery　　The United Arab Emirates carried out a covert airstrike on Iran‘s Lavan Island refinery in early April 2026, making it the only Gulf state to directly engage in the ongoing conflict between the US-Israel alliance and Iran. The attack triggered a major fire at the facility and disrupted production capabilities at one of Iran’s key oil processing sites.　　Washington reportedly welcomed the strike, which took place ahead of a ceasefire announcement by President Donald Trump. Abu Dhabi has not publicly acknowledged its involvement, maintaining a posture of plausible deniability over the entire operation.　　What happened at Lavan Island　　Iran responded with retaliatory missile and drone attacks directed at both the UAE and Kuwait, explicitly citing the Lavan Island refinery strike as justification. Coverage of the incident has appeared in outlets including the Wall Street Journal, Ynet News, and the Jerusalem Post.　　The broader conflict and geopolitical context　　The strike came shortly before Trumps ceasefire announcement, suggesting coordination, or at least tacit approval, from Washington. The reported US reaction of welcoming the attack reinforces the idea that this was not a rogue operation but something that fit within a broader strategic framework.　　Kuwait has not been identified

05-13Industry

Kalshi gets CFTC support in Ohio sports market appeal

The Commodity Futures Trading Commission has backed Kalshi in its appeal against Ohio regulators, asking the U.S. Court of Appeals for the Sixth Circuit to affirm federal oversight of prediction markets. CFTC says Ohio went too far by treating Kalshis federally regulated event contracts as sports gambling.The Ohio appeal adds to wider state battles over Kalshi, Polymarket, Crypto.com, Coinbase, and Robinhood.Trump-appointed CFTC Chair Michael Selig says the agency will defend its authority over prediction markets.　　The agency filed an amicus brief in KalshiEx LLC v. Matthew T. Schuler, et al., on May 12. The case centers on whether Ohio can treat Kalshis sports event contracts as unlicensed sports gambling.　　State authorities had told the company to stop offering those markets in Ohio. Kalshi sued, but a federal district court denied its request for protection in March. The company then appealed.　　Selig says Ohio read CFTC power too narrowly　　CFTC Chairman Michael S. Selig said the Ohio court took an “improperly narrow view” of the agencys authority. He also said the CFTC would not allow “overzealous state governments” to weaken its role over these markets.　　Selig was sworn in as the 16th CFTC chairman on Dec. 22, 2025, after President Donald Trump nominated him and the

05-13Industry

A Storage Layer Designed to Survive Its Own Provider, Now Live

Xandeum today launched Oxorro, a storage platform built so that the data stored on it remains accessible even if Oxorro itself disappears.　　The premise is unusual. Most storage products are designed around the assumption that the provider will still be there when the customer needs the data. Oxorro is designed around the assumption that the provider might not be, and that the customer should not have to care.　　In May 2024, Google Cloud accidentally deleted UniSupers private cloud subscription, cutting off access for more than 620,000 pension fund members. Recovery depended on backups that happened to exist elsewhere. Most organizations do not have that kind of fallback. Oxorro is built so they do not need one.　　“Every storage vendor in the world will tell you their service is reliable, and most of them are right, most of the time,” said Bernie Blume, founder and CEO of Xandeum. “We are not in that business. We are in the business of making sure that when something does go wrong, whether it is a vendor failure, a policy change, or a jurisdiction shift, the data is still there, still accessible, and still under the customers control. We call it Unstoppable Operational Data, and we built Oxorro

05-13Industry

BNB Delivers 177% ROI in 2024-2025 Through Ecosystem Rewards

BNB, the utility token of Binance‘s ecosystem, has quietly delivered an impressive 177% return for holders between January 2024 and March 2025, according to data shared by Binance. The gains come from a mix of price appreciation, staking rewards, and participation in Binance’s Launchpool and airdrop programs.　　Starting at $313 on January 1, 2024, BNBs price climbed to $640 by the end of Q1 2025—a 104% increase. But the real edge came from ecosystem incentives. Binance reports that staking BNB in programs like Launchpool and participating in MegaDrop and HODLer Airdrops added an additional $226 in rewards per token, boosting total returns to 177% over 15 months.　　Token Utility Drives Demand　　BNBs primary use cases—trading fee discounts and gas payments on the BNB Chain—continue to anchor its demand. Binance offers up to 25% off trading fees for Spot and Margin trading and discounts for Futures traders. Additionally, the token is widely accepted for payments and donations through initiatives like Binance Charity.　　However, BNB‘s utility has significantly expanded. Holders now gain access to exclusive project launches, token airdrops, and passive income opportunities that make it more than just a transactional token. Binance’s Launchpool stands out as a low-risk mechanism for earning new crypto assets. In

05-13Industry

DSA’s Adrian Wall Joins Global Leaders at the Sovereign Tech for Economic Empowerment Roundtable

— The Digital Sovereignty Alliance (DSA), a nonprofit organization dedicated to advancing clear and ethical public policy, research and education surrounding emerging technologies, successfully concluded its participation in the Sovereign Tech for Economic Empowerment Roundtable held May 7-8 at the Saint Nicholas Greek Orthodox National Shrine in New York City. Organized by the Council of Global Change (CGC), the roundtable convened policymakers, technologists, financial institutions, multilateral organizations, and civil society leaders.　　Adrian Wall, Managing Director of DSA and a member of the CGC, led the roundtable, which focused on defining how digital identity, sovereign data, financial systems, AI, and governance must work together to enable real participation in the global economy. The roundtable focused on moving beyond discussion and contributing directly to shaping the system architecture required to make participation possible, not just in principle, but in practice.　　Participants worked to define a system blueprint spanning identity, trust, rules, actions, and outcomes, while identifying key gaps preventing interoperability. The roundtable produced preliminary project frameworks and near-term action objectives to advance policy coordination, cross-sector collaboration, and pilot development.　　Featured participants included Gabriel Rene, Founder and CEO of VERSES; Dr. Sangbu Kim, Vice President for Digital and Sandra Ro, CEO of the Global Blockchain Business

05-13Industry

Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit

Finance　　Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit　　The USD/CHF pair trades on a flat note around 0.7805 during the early European trading hours on Wednesday. Traders await the key US inflation data and continue to assess the developments surrounding US-China talks later this week.　　The South China Morning Post reported on Wednesday that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will hold trade and economic talks in South Korea ahead of US President Donald Trumps official visit to China.　　The Trump-Chinese President Xi Jinping summit will take place in Beijing on Thursday and Friday. Earlier on Tuesday, Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping, and downplayed the amount of attention they would devote to the Iran war.　　The US Producer Price Index (PPI) report will take center stage later on Wednesday. Markets expect the headline US PPI to show a rise of 4.9% YoY in April, compared to 4.0% in March, while the core PPI is projected to show an increase of 4.3% YoY in April versus 3.8% prior. Any signs of hotter inflation in the US could fuel bets on Federal Reserve (Fed) interest rate

05-13Industry

Ethereum Foundation and Major Wallets Launch “Clear Signing” Standard to End Blind Transaction Approvals

The last few years have shown that the biggest vulnerability in crypto wallets today is blind signing. This is the practice of approving raw hex strings without knowing what they actually do. However, on Tuesday, the Ethereum Foundation officially announced that this standard is going to be phased out and replaced with clear signing alongside some of the leading wallets and hardware infrastructure that actually run Ethereum for most users. This includes names like Ledger, Trezor, MetaMask, WalletConnect, Fireblocks and Cyfrin. In practice, this means users will be able to see a plain, human readable summary of what a signature authorizes.　　0/ Clear signing is now live.　　An open standard to end blind signing, making human-readable transactions default.　　This effort brings a major UX and Security upgrade to transaction signing on Ethereum. pic.twitter.com/nIGRCBQh6G　　— Ethereum Foundation (@ethereumfndn) May 12, 2026　　The reason this is happening is simple and it comes down to the recent high profile hacks that have taken place over the past two years. The $1.5 billion Bybit hack, which remains the largest hack in crypto till date, happened in part because signers approved a transaction they could not actually read. Similarly, in July 2024, the WazirX hack that saw around $235 million

05-13Industry

A Storage Layer Designed to Survive Its Own Provider, Now Live

05-13Industry

Silver Price Forecast: XAG/USD holds onto gains around $87, ignoring hawkish Fed bets

XAG/USD trades firmly at around $87 as of writing. On the daily chart, the pair extends its advance well above the 20-day Exponential Moving Average (EMA) at $78.68, suggesting a firm bullish near-term bias as price holds comfortably over dynamic support.　　The Relative Strength Index (14) hovers near 66, indicating strong but not yet extreme upside momentum that reinforces the broader constructive tone while leaving room for further gains.　　On the downside, initial support is seen at the 20-day EMA around $78.68, followed by the May 1 high around $77. As long as XAG/USD remains above the EMA floor and momentum readings stay elevated, the technical setup favors dips being bought. Looking up, the Silver price could gain further towards $90 if it manages to break above its intraday high of $87.82; a close above that would open room for further advancement towards the March high of $96.62.

05-13Industry

Senate crypto bill receives over 100 amendments before CLARITY markup

More than 100 amendments have been attached to the Senate‘s crypto market structure bill ahead of Thursday’s Banking Committee markup.Senate lawmakers filed more than 100 amendments to the CLARITY Act ahead of Thursdays markup vote.Democratic senators proposed tighter stablecoin yield restrictions and new ethics rules tied to crypto holdings by public officials.Developer protections and plans to restore the Justice Departments crypto enforcement unit were also added to the amendment list.　　POLITICO reported that most of the proposed changes came from Democratic senators, while Republicans submitted a narrower set of revisions tied to sections already debated during months of closed-door negotiations. Committee members are expected to review and vote on the amendments during Thursdays hearing before deciding whether to move the legislation to the Senate floor.　　Released Monday, the Senate Banking Committee‘s updated CLARITY Act draft revived talks that had stalled earlier this year after Coinbase publicly stepped away from negotiations. The company had objected to earlier restrictions tied to stablecoin reward programs, prompting lawmakers and industry groups to reopen discussions around the bill’s language.　　One of the newest amendments targets the stablecoin yield compromise included in the revised draft. Senators Jack Reed and Tina Smith are seeking tougher wording that would prohibit interest-like

05-13Industry

...

578580

...

1000