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In brief Payward, Kraken’s parent company, secured preliminary regulatory approval from Dubai’s Virtual Asset Regulatory Authority (VARA). Services will include spot and margin trading, OTC, staking, transfers, and institutional offerings through Kraken Prime. UAE customers can fund accounts and withdraw in dirhams through a locally regulated subsidiary. Cryptocurrency exchange Kraken said Thursday that it has secured regulatory approval to operate in Dubai after its parent company Payward received preliminary broker-dealer and investment management authorization from the emirate’s Virtual Asset Regulatory Authority.The authorization permits Kraken to offer virtual asset services to both retail and professional investors in Dubai, according to a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst Merlijn has delivered “bad news” to Solana and XRP investors, with Goldman Sachs offloading their exposure to these coins. The analyst highlighted this as a conviction statement as the top U.S. bank held on to its Bitcoin and Ethereum exposure.  Analyst Delivers Bad News To Solana And XRP Holders In an X post, Merlijn called Goldman Sachs move to sell its Solana and XRP ETF holdings as bad news for investors in these coins. He stated that the U.S. bank just separated the winners from…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Terraform Labs has accused one of Wall Street’s largest trading firms, Jane Street, of allegedly using a private Telegram group chat with insiders to dump its TerraUSD (UST) stablecoin holdings just hours before its collapse. Jane Street Used Terraform Group Chat For ‘Defi Info’ In an amended complaint filed earlier this week, Terraform Labs administrator Todd Snyder accused Jane Street, its co-founder Robert Granieri, and traders Bryce Pratt and Michael Huang of using a Telegram group and other backchannel sources of non-public information to “front-run trading that…

AUSTIN, Texas – May 20th, 2026 – In celebration of Bitcoin Pizza Day on May 22, Unchained, a Bitcoin financial services company founded in 2016 by Joe Kelly and Dhruv Bansal, and Bitcoin Park are hosting special screenings of “The New Rules of Bitcoin,” a short film produced in partnership with The Atlantic’s brand studio Atlantic Re:Think, in ten major US cities. The film highlights three core ideas: Bitcoin is not what you think, Bitcoin is long term thinking, and Bitcoin is true ownership. These ideas lay the groundwork for Bitcoin’s distinction from other cryptocurrencies, with its unique blend of…

In brief Syndicate Labs, a crypto infrastructure project, said it is winding down after five years. The closure follows shutdowns across NFT, DeFi, and wallet projects this year, alongside cuts across the broader tech sector. Consolidation has pushed users and liquidity to larger networks, Decrypt was told. Syndicate Labs, a crypto infrastructure project that helped developers build on-chain communities, investment clubs, and rollup-based apps, said it is winding down after five years as the market shifted away from its core business.The rollup infrastructure business no longer fit a market increasingly split between broad platform providers and bespoke chain development, according…

SpaceX filed its long-awaited S-1 with the Securities and Exchange Commission Wednesday — and it is bringing a substantial Bitcoin position into the public markets. The Elon Musk-led aerospace company holds 18,712 BTC, valued at approximately $1.45 billion, according to the S-1. The coins were purchased at a cost basis of $661 million, or roughly $35,000 per coin — a price Bitcoin last touched in late 2023.  That stake makes SpaceX the seventh-largest known corporate Bitcoin holder in the world, ahead of Coinbase. SpaceX is targeting a Nasdaq listing under the ticker SPCX . The company has been valued in…

Foundation has raised $6.4 million in a funding round led by Fulgur Ventures as it launches Passport Prime, a new hardware device designed to secure digital actions in an era of AI-driven automation. The Boston-based company said the round included participation from Arche Capital and brings its total funding to $16.5 million, according to a note shared with Bitcoin Magazine.  The capital will support expansion beyond Bitcoin self-custody into identity management, multi-factor authentication, and authorization systems for AI agents. Passport Prime, which began shipping to pre-order customers in March 2026, is now available for general purchase. Foundation describes the product…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Evernorth Chief Business Officer Sagar Shah has pushed back on the idea that Ripple’s dollar-backed stablecoin RLUSD could replace XRP, arguing that the two assets are designed for different roles in on-chain finance. In a May 20 blog post, Shah said RLUSD can serve as a high-quality digital dollar, while XRP remains the neutral routing asset for cross-asset settlement, liquidity and collateral on the XRP Ledger. The argument addresses a recurring question in the XRP community and among market observers: if RLUSD can move dollars on-chain and…

In brief Inflows to Hyperliquid ETFs hit $25.5M Wednesday, higher than the first five days of inflows combined. ETF demand follows HYPE’s stellar performance, which has led to more than a 100% rally this year. Bitwise shows strong support for Hyperliquid, committing 10% of ETF fees into the HYPE balance sheet. Hyperliquid’s sustained uptrend continued into Thursday, as the decentralized exchange’s token surged to an intraday high of $58.97.HYPE is currently trading at $57.20, up 15.3% on the day according to CoinGecko data. Its explosive gains outpaced those of Zcash (12%) and Worldcoin (7%), and comes amid renewed institutional interest.The newly…

SpaceX’s official IPO filing revealed a Bitcoin position worth $1.45 billion on Wednesday, highlighting tech CEO Elon Musk’s quiet commitment to the digital asset.The company, which added Bitcoin to its balance sheet in 2021, held 18,712 Bitcoin as of Dec. 31, purchased for $661 million, according to the much-anticipated SEC filing. The position was unchanged from the firm’s balance at the end of 2024.The filing notes that the stash, which places the firm among the top 10 largest corporate holders of Bitcoin, continues to be held with third-party custodians. When Musk populated the company’s balance sheet during the pandemic-era crypto…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new study by Glassnode is putting fresh focus on a security risk for the wider Bitcoin (BTC) ecosystem—one that relates not to today’s cryptography, but to what could happen if quantum computers become powerful enough to run the right algorithms.  According to the research, 6.04 million Bitcoin, or 30.2% of the issued supply, is exposed under an “at-rest” model that looks for whether public-key material is already visible on-chain. The remaining 13.99 million BTC, representing 69.8% of the supply, is described as showing no public-key exposure…

In brief Shai-Hulud malware has been linked to roughly 300 npm and PyPI package entries. OpenAI, Microsoft, and Mistral AI disclosed recent Shai-Hulud-related incidents. The malware abused GitHub Actions and trusted software publishing workflows. A malware campaign known as “Shai-Hulud” is spreading through the software pipelines developers use to build and distribute code, raising new concerns about how much of the modern internet now depends on automated systems operating with little direct human oversight.Researchers linked the Shai-Hulud malware campaign to roughly 320 package entries across Node Package Manager (NPM) and PyPI, two of the largest online repositories developers use to…