Remember that brief moment of joy when Bitcoin flirted with $90K in May? Yeah, that was cute. Like a puppy chasing its tail, it was fun while it lasted. But then, as if on cue, the coin decided to take a nosedive back to the mid-$70Ks, dragging the adjusted Net Unrealized Profit/Loss (aNUPL) metric into the red like a toddler pulling a tablecloth. Spoiler alert: the china didn’t survive.
Out in the wild west of DeFi, a Circle compliance freeze rode into town, lassoing a Zama-linked confidential USDC wrapper contract. Seems the varmint behind the Overnight Finance hack had stashed his loot there, and the law didn’t take kindly to it.
A lawsuit filed in Texas federal court claims that Fuller ran their business using Privvy Investments LLC, also known as Privvy Investments and Gateway Digital Investments.
Bitcoin stayed around $73,000 on Friday. The overall cryptocurrency market was varied, with Bitcoin and Ethereum remaining relatively stable or slightly down. However, BNB performed well, increasing by 7.8% to reach $700, making it the best-performing top-10 cryptocurrency and increasing its weekly gains to 6.42%.
Senator Cynthia Lummis is urging Congress to pass the CLARITY Act, arguing that the U.S. could fall behind globally in finance if it doesn’t create clear rules for digital assets like cryptocurrencies.
As of late May 2026, Bitcoin is trading around $74,000. While this might seem like a period of stability after some recent volatility – including a drop from $125,000 earlier in the year, a rebound to $90,000, and then another dip – the situation could be more delicate than it appears. Three key pieces of data from the Bitcoin network suggest potential weakness, not because any one of them is alarming on its own, but because they all indicate the same thing at the same time.
And what of the XRP ledger, you ask? Why, it slumbers like a bear in winter, its activity waning as traders, those skittish creatures, retreat into their dens. The market, ever the tempestuous mistress, has sent her leading assets tumbling, breaking supports as if they were mere twigs.
Following a bipartisan vote in the Senate Banking Committee on May 14, 2026, that moved House Resolution 3633 forward, a growing campaign – now involving over 100 cryptocurrency companies, as well as efforts from the Crypto Council for Innovation and the Blockchain Association – is underway.
Dyemond Williams illegally took money from customers’ accounts, causing JPMorgan Chase to lose almost $40,000, according to the Office of the Comptroller of the Currency.
Behold, the native token of Hyperliquid, HYPE, hath ascended to celestial heights, breaking past $67 and reaching a new all-time high of $68.45. A spectacle most absurd, yet the masses rejoice as if it were manna from heaven!