Latest Crypto News & Market Updates

Tether Tron and TRM Labs T3 FCU freezes $450 million worth of illicit crypto funds

A joint collaboration between Tether, TRON and blockchain analytics firm TRM Labs called the T3 Financial Crime Unit has announced on Wednesday that it has frozen more than $450 million in USDT suspected to be acquired through illicit, criminal means since the initiative launched in September 2024.　　The frozen funds by the crime unit involve investigations into various illicit operations including money laundering, crypto exchange hacks, North Korea-linked cyber operations, terrorist cells financing, drug trafficking, and violent crimes including kidnappings and extortion, according to a statement published by Tether.　　The T3 FCU has enlisted the help of multiple law enforcement agencies in its fight against illicit activity in the crypto community. These agencies span five different continents, with countries like the U.S., Spain, Germany, the Netherlands and Bulgaria having the highest volume of assets frozen.　　Tethers T3 puts in the work　　The T3 FCU reported that it helped in the recovery of 43.9% more illicit proceeds in 2025 compared to the previous year. The unit claimed it can execute asset freezes within 24 hours of a request by law enforcement regarding an investigation, a pace that traditional banks and services find hard to match.　　The group pointed to several high-profile cases where it helped with

05-15Industry

Nakamoto Q1 Revenue Jumps Despite Heavy Bitcoin Losses

Since Bitcoin has dropped 37% from its all-time high, leading some experts to question the viability of buy-and-hold tactics.The business did not purchase any Bitcoin throughout the quarter, but on March 31st, it sold 284 Bitcoin to pay for operating expenditures.　　Nakamoto, a Bitcoin firm, completed two significant strategic acquisitions in February to broaden its reach throughout the Bitcoin ecosystem. As a result, the companys Q1 revenue increased by 500% compared to the previous quarter.　　Despite posting a net loss of $238.8 million, Nakamoto CEO David Bailey said on Wednesday that the companys purchase of Bitcoin-focused news outlet BTC Inc. and Bitcoin-focused investment platform UTXO Management represented a “transformational period” in Q1.　　Crypto Market Slump Deepens Losses　　In addition to $1.1 million from its new Bitcoin treasury and derivatives strategy, $800,000 came from its media company, $500,000 from healthcare operations, and $200,000 from asset management services made it to Nakamotos bottom line.　　In the first quarter, Nakamoto reported a net loss of $107.7 million, most of which came from a pre-acquisition option and a mark-to-market loss of $102.5 million on 5,058 Bitcoin (BTC) held in treasury, due to the 23% decline in the value of the cryptocurrency.　　Since Bitcoin has dropped 37% from its all-time high,

05-15Industry

Kraken Gives Chainlink Major Boost

The system utilizes infrastructure that meets ISO 27001 and SOC 2 Type 2 certifications.　　The protocol is powered by 16 independent nodes, ensuring that no single point of failure compromises the cross-chain transfers.　　The architecture is “secure by default” and includes native rate limits.　　Unlocking DeFi utility　　Chainlink confirmed the partnership, noting that CCIP will enable the secure distribution of Krakens wrapped assets across various blockchains and global markets, starting with kBTC.　　Kraken stated that by working together, the two entities can help accelerate global crypto adoption by unlocking expanded utility and distribution for wrapped assets across the Decentralized Finance (DeFi) ecosystem.　　The exchange assured current kBTC customers that no immediate action is required on their part.　　Further details regarding the migration process will be announced on official Kraken channels.　　In the meantime, LINK has reached a significant network milestone as unique address activity surged to an eight-month high, with over 282,000 active addresses recorded by Santiment.　　LINK is 4.7% over the past 24 hours, according to CoinGecko data.

05-15Industry

Watch These Bitcoin Price Levels Ahead of the CLARITY Act Vote

Bitcoin (BTC) bulls made another attempt to reclaim the $80,000 level on Thursday, as traders expect price swings before and after the CLARITY Act vote.　　Key takeaways:Odds of the CLARITY Act being signed into law in 2026 rose to 67% in May.BTC price must hold $78,000-$79,000 as support for a bullish push to $84,000 or higher.　　A 67% chance the CLARITY Act is signed into law in 2026　　The CLARITY Act, a proposed US bill that would set clearer rules for how regulators oversee the crypto market and stablecoins, is scheduled for a Senate Banking Committee.　　Prediction market traders say that there is a 67% chance that the CLARITY Act will be signed into law in 2026, .　　Traders on rival site Kalshi the odds of the Act becoming law before August and Dec. 31, 2026, at 62% and 67%, respectively.　　If the CLARITY Act passes, it could clearly classify Bitcoin as a digital commodity under the Commodity Futures Trading Commission (CFTC) oversight, reducing legal uncertainty for the industry and further legitimizing crypto in the US.　　Bitcoin is expected to react positively, similar to the GENIUS Act signed in July 2025, which provided the first major US stablecoin framework. Bitcoin was already trading near all-time highs and

05-15Industry

Three reasons why Canton price could surge past $0.18

Canton price has broken out of a cup and handle pattern on the daily chart — May 14 | Source: crypto.news　　A confirmed breakout from a cup and handle pattern often signals trend continuation and can lead to an upside move roughly equal to the depth of the cup structure.　　Momentum indicators continue to support the bullish outlook. The MACD recently completed a bullish crossover while the histogram continues printing expanding green bars, signaling strengthening upside momentum.　　Meanwhile, the Supertrend indicator recently flipped bullish and remains below current price action, suggesting buyers continue maintaining broader trend control.　　If bulls successfully hold above the previous breakout zone near $0.16, Canton price could soon attempt a move toward $0.18, a target calculated by adding the depth of the cup portion to the neckline breakout level of the bullish cup and handle pattern. A decisive breakout above that level could potentially open the door for a larger rally toward the psychological $0.20 region.　　On the downside, failure to hold above the current breakout structure could expose CC to renewed consolidation toward support zones near $0.155 and $0.145.　　For now, traders remain focused on whether institutional adoption momentum and improving technical structure can sustain Cantons recent decoupling from the broader

05-15Industry

CME Launches Crypto Index Futures Featuring XRP & Bitcoin

CME Group Unveils First Multi-Crypto Index Futures Contract Featuring XRP, Bitcoin, Ethereum & Solana　　The crypto derivatives market is entering a new phase beyond Bitcoin and Ethereum dominance. On June 8, subject to regulatory approval, CME Group will introduce Nasdaq CME Crypto Index futures, its first-ever market-cap weighted crypto futures product, broadening to the wider digital asset market.　　Why is this worth a keen eye？ Well, the new contracts are built to give institutional and professional investors broad exposure to leading digital assets through a single cash-settled futures product.　　The index tracks seven of the most actively traded cryptocurrencies, Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar Lumens, offering diversified access in one instrument.　　CME Group said the new product will be offered in both standard and micro-sized contracts, broadening access for different types of investors while giving them more flexibility in managing capital efficiency and risk.　　Upon expiry, the contracts will settle against the Nasdaq CME Crypto Settlement Price Index, which tracks the performance of the underlying digital assets.　　If the launch sees the light of day, it will reflect a deeper shift toward the institutionalization of crypto, where major financial players are moving away from treating digital assets as standalone speculative instruments and instead

05-15Industry

Internet Computer (ICP) Tumbles 10% Daily: Is Coinbase Responsible for the Plunge？

$ICP is the worst-performing cryptocurrency today (at least among the top 100), posting a 10% price decline.　　However, certain technical indicators suggest this might be only a short-lived pullback, while multiple analysts support the bullish scenario.　　$ICP Heads South　　Just a few hours ago, the assets valuation plunged to a one-week low under $3, while its market capitalization sank to approximately $1.6 billion.　　$ICP Price, Source: CoinGecko　　It is important to note that $ICPs negative performance aligns with an overall correction sweeping through the broader crypto market. Bitcoin (BTC) slipped beneath $80,000, while popular altcoins like Worldcoin (WLD), Cronos (CRO), Arbitrum (ARB), and Aptos (APT) tumbled by 7-8% over the past day.　　In the meantime, Coinbase could have also played a role in Internet Computers downfall. Recently, it removed six non-USD trading pairs, including $ICP/USDT and $ICP/GBP.　　Such actions by one of the biggest cryptocurrency exchanges reduce liquidity for the affected tokens and make it harder for traders to enter or exit positions. Fewer trading options often mean lower volume and weaker investor confidence, especially amid a crypto pullback.　　At the same time, one should keep in mind that if Coinbase had removed all $ICP-related services, the impact would likely have been far more severe and could have

05-15Exchange

Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position

Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX‘s official USDC treasury deployer. The exchange has also acquired the rights to the DEX’s native stablecoin USDH, which it revealed will sunset over time.　　Coinbase Expands Support For Hyperliquid With USDC Treasury Role　　In an X post, the crypto exchange announced that it is now Hyperliquids official treasury deployer of USDC as an Aligned Quote Asset (AQA). “Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid – USDC delivers exactly that,” the exchange said.　　Coinbase noted that USDC has been the leading stablecoin on the crypto leverage trading platform since its launch in 2023 and has seen rapid growth within the ecosystem. This move is expected to further solidify the stablecoin‘s position as the platform’s primary collateral token.　　Coinbase also announced that they have “significantly” increased its staked HYPE position as part of this new partnership. The Hyperliquid token is up over 5% on the back of this announcement, trading at around $41, according to TradingView data.　　Source: TradingView; HYPE daily chart　　Meanwhile, COIN stock is down amid the announcement that Coinbase is becoming Hyperliquid‘s official USDC treasury deployer. TradingView data shows that Coinbase’s stock is

05-14Industry

US government confirms comprehensive actions on rare earths

The US government is moving aggressively to build out domestic rare earth production, with Interior Secretary Doug Burgum confirming that actions are being taken “across the board” on these strategically vital materials. The push comes as Washington confronts an uncomfortable reality: China controls roughly 95% of global heavy rare earth output, and the US imports nearly all of its critical mineral needs.　　Whats actually happening　　The federal response is multi-pronged and, by government standards, moving fast. The Trump administration signed executive orders in 2025 specifically aimed at accelerating rare earth production and established the National Energy Dominance Council, or NEDC, chaired by Burgum himself.　　The NEDC has set ambitious internal timelines. Project identification is targeted within 10 days, and site leasing within 30 days.　　On the financial side, the Department of Energy has announced a $134 million funding allocation dedicated to strengthening domestic rare earth supply chains.　　A January 2026 White House initiative adds another lever: the potential imposition of tariffs on processed critical minerals and their derivatives if international agreements fail to materialize.　　Meanwhile, the permitting process for mining and processing on federal lands is being expedited.　　The geology and the partnerships　　One project getting particular attention is the Sheep Creek deposit in Montana. It boasts the

05-14Industry

Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position

Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX‘s official USDC treasury deployer. The exchange has also acquired the rights to the DEX’s native stablecoin USDH, which it revealed will sunset over time.　　Coinbase Expands Support For Hyperliquid With USDC Treasury Role　　In an X post, the crypto exchange announced that it is now Hyperliquids official treasury deployer of USDC as an Aligned Quote Asset (AQA). “Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid – USDC delivers exactly that,” the exchange said.　　Coinbase noted that USDC has been the leading stablecoin on the crypto leverage trading platform since its launch in 2023 and has seen rapid growth within the ecosystem. This move is expected to further solidify the stablecoin‘s position as the platform’s primary collateral token.　　Coinbase also announced that they have “significantly” increased its staked HYPE position as part of this new partnership. The Hyperliquid token is up over 5% on the back of this announcement, trading at around $41, according to TradingView data.　　Source: TradingView; HYPE daily chart　　Meanwhile, COIN stock is down amid the announcement that Coinbase is becoming Hyperliquid‘s official USDC treasury deployer. TradingView data shows that Coinbase’s stock is

05-14Industry