A Long Wait Ends

On Sunday, a Bitcoin address that had not seen any activity since November 2013 suddenly moved its entire holdings to a new wallet.

Blockchain tracking service Whale Alert detected the transfer at around 19:16 UTC. The coins, worth roughly $40 million at current prices, had been sitting untouched for more than a decade. Back when they were first acquired, Bitcoin traded at a fraction of what it does today.

The sending address — 1KAA8GGhVjjUjVTz1HKAjCyGN…. — transferred the funds to bc1qm6m6d33d02edr0k8yj9jgt027zl6d….. No one has publicly claimed ownership of the original wallet. No explanation for the move has been offered either.

A dormant address containing 500 $BTC (40,717,094 USD) has just been activated after 12.5 years (worth 482,898 USD in 2013)!https://t.co/OBUcZ1rXQg

— Whale Alert (@whale_alert) May 10, 2026

Where The Coins Went

The destination address does not match any known cryptocurrency exchange. That detail matters to traders. When large Bitcoin sums move directly to exchange wallets, it often signals a potential sale.

In this case, no such connection has been found. Reports indicate the transfer may point to a security update, a redistribution of holdings across separate addresses, or simply a long-dormant holder deciding to act after years of staying put.

Bitcoin crossed the $100,000 mark in late 2024 and has held near record highs since. Data shows that older wallets have been reactivating at a higher rate over the past year.

Holders who bought Bitcoin during its earliest days and never touched their coins appear to be reviewing their positions as prices climb.

A Pattern Emerging

This latest move fits a pattern that blockchain analysts have tracked for months. Wallets tied to Bitcoin’s early years have been waking up with increasing frequency.

The July wave — when multiple Satoshi-era addresses each moved 10,000 BTC for the first time in 14 years — drew significant attention from the crypto community. Sunday’s transfer adds to that trend.

Markets have not reacted sharply. But traders will keep a close eye on the newly activated address. Large amounts of Bitcoin moved by unknown wallets rarely go unnoticed, and any follow-up activity will likely draw immediate scrutiny from analysts monitoring the chain.

Featured image from Pexels, chart from TradingView

A hacker has started laundering digital assets that were part of the $6.7 million theft from the liquidity provider TrustedVolumes, says cybersecurity firm PeckShield.

PeckShield says that new data shows the hacker has started moving hundreds of thousands of dollars worth of Ethereum (ETH).

“The TrustedVolumes exploiter has laundered $278,000 in stolen funds so far: they deposited 10.2 ETH ($23,600) to TornadoCash and laundered 110 ETH ($250,000) via THORChain to BTC; they also attempted to deposit 0.5 ETH to Railgun but changed their mind and sent it back. TrustedVolumes was exploited for ~$6.7 million on May 7th.”

TrustedVolumes says that it is willing to negotiate a resolution with the hacker. The firm also lists three wallet addresses with two holding approximately $3 million and one $700,000 worth of the stolen crypto assets.

“We were recently exploited…

We are open to constructive communication regarding a bug bounty and a mutually acceptable resolution.”

Blockchain security firm QuillAudits says that the hacker was able to drain millions in a single transaction by exploiting a design flaw in the platform’s custom order-settlement system.

“TrustedVolumes operates as a 1inch market maker and resolver, providing on-chain liquidity through a custom Request-for-Quote (RFQ) proxy…

In an RFQ model, a maker pre-signs orders, quoting a specific price for a specific token pair. A taker presents that signed quote to the settlement contract, which verifies the signature and executes the swap atomically.The system relies on three guarantees working in concert, the maker must have authorized who can sign orders on its behalf, each signed order must be filled only once (replay protection), and the token source for the fill must be the authenticated maker’s own inventory, not an arbitrary third-party address.

In the TrustedVolumes implementation, all three guarantees failed simultaneously, and the attacker exploited them in a single composed transaction.”

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The post Hacker Actively Laundering Stolen Crypto After Exploiting Liquidity Provider for $6,700,000: PeckShield appeared first on The Daily Hodl.

• Toncoin reached a high of $2.90 on Thursday, May 7, triggering the liquidation of nearly $29 million in short positions in just 48 hours.
• Telegram has formally replaced the TON Foundation as the network’s largest validator, driving recent volatility.
• The price has experienced a 15.6% correction from its peak, currently situated in a technical reassessment phase.

The price of Toncoin is in a pullback phase after being rejected at the $2.90 resistance during the May 7 session. The asset, which showed accelerated momentum last week, is showing signs of exhaustion in relative strength indicators.

Data from CoinGlass reveal that the speed of the previous upward movement eliminated short positions worth approximately $29 million. All of this occurred in just two days, coinciding with the token’s approach to the $3 mark, the highest level recorded in the current cycle.

Despite the 15.6% correction observed from the peak reached, the oscillation structure remains technically bullish on higher timeframes. Market demand allowed for the absorption of a token unlock valued at $103 million without an immediate price collapse, reflecting an active buyer base.

Retracement Levels and TON Technical Structure

Technical analysis based on Fibonacci extension levels indicates that the 161.8% level, located at $2.46, was momentarily surpassed before the current reversal. The Relative Strength Index (RSI) began to correct from multi-month highs, suggesting a decrease in buying pressure after an overbought period.

Market data indicates that retracement levels were drawn to identify potential support points in the face of the current decline. It is estimated that a pullback toward $2.01, representing the 50% Fibonacci level, presents itself as a likely scenario if selling pressure persists in the coming days.

The drop could potentially extend to the area between $1.5 and $1.8. This zone, technically known as the “golden pocket” between the 61.8% and 78.6% levels, is closely watched by traders to identify possible long-term re-entry points.

In recent sessions, pockets of short position liquidations have accumulated above $2.50. This configuration suggests that the market anticipates a deeper pullback, although the possibility of a “short squeeze” that temporarily drives the price toward $3 before the final correction consolidates is not ruled out.

TON’s performance remains closely linked to general cryptocurrency market sentiment and Bitcoin trends. Bitcoin’s long-term trend remains under institutional pressure, which could influence the recovery capacity of altcoins during the remainder of 2026 if global liquidity decreases.

The network has recently faced significant structural changes with the entry of new institutional players. Telegram’s transition as the network’s main validator altered the perception of governance within the ecosystem, a factor that technical documentation links directly to the increase in transaction volume recorded in May.

Investors remain cautious about the possibility of the global macroeconomic trend affecting the sector’s capitalization. If the market maintains a generalized bearish stance, buying at the mentioned support levels could carry additional risks if stop-loss zones are not respected.

The next milestone for the TON network will be price stabilization around the $2.00 psychological support while new volumes of token

None of us can see the future. We don’t know what 2036 will bring. 

We all like to tell ourselves that we can, or do, and maybe we do actually see small pieces of it coming before we catch up to them, but none of us see the whole picture. That’s, at the end of the day, part of what it is to be human. 

Nevertheless we can’t seem to help ourselves from at least trying. 

Going into the second half of the 2020s we are coming out of a time period that marked wild and tumultuous disruption, with the world changing in both big and small ways that none of us could have imagined in our wildest dreams at the start of 2020. As we enter the second half of the decade, events around the world are starting to push us in a direction that seems like it will be even more disruptive and unpredictable than the first half of the decade. 

In this issue, we are going to do what we can’t help ourselves doing, we’re going to try to predict the shape of the next decade. I say shape, and not just the future itself, because that is the best that human beings can actually do. 

These pages are filled with pieces written by some of the most influential and intelligent people that engage in this space trying to look ahead and provide something of value to you, the reader. Some have given deep analysis of how larger geopolitical trends will unfold, others have written more lighthearted musings on what different aspects of our lives will be like day-to-day, and some have written what I can only call warnings or reminders of what to keep in mind while navigating the coming ten years. 

Every few generations, the world seems to go through some tumultuous upheaval. A radical shift that upends the order and institutions that maintained the previous shape of the world. I think we are entering that next period now, and we’ve probably been standing in its doorway since 2020. 

Chaos and change are not solely reasons to give in to fear, or anxiety, they are also reasons to have hope and optimism. When things fall apart, it doesn’t just mean the end of what was there before, it means there is space to build something new. It signals the beginning of something new in the exact same moment that it signals the end of something old. 

The next ten years are going to be the biggest opportunity yet for Bitcoin. We can either spend them optimistically building, putting our energy into bringing into reality the positive impact we see that Bitcoin can have on the world, or we can squander them doing the opposite. 

Ultimately, the shape the future has when it finally arrives at our doorstep will be the shape that all of our individual actions and choices mold it into. 

Make them count. 

Don’t miss your chance to own The 2036 Issue — featuring articles written by many influential figures in the space pondering the challenges of the next decade!

This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The 2036 Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.

This post The 2036 Issue: Letter From The Editor first appeared on Bitcoin Magazine and is written by Shinobi.

• KRWQ, the stablecoin backed by Korean currency by IQ and Frax, is launching on Solana to extend on-chain KRW liquidity.
• The project will aim to facilitate cross margin and FX trading, arbitrage, and perpetual futures between KRW and USD stablecoins.
• As the stablecoin market becomes increasingly competitive, one of the major factors driving the choice of Solana was its high settlement velocity coupled with its rich DeFi liquidity.

Crypto market has received a fresh boost to the decentralized finance sector with the addition of a stablecoin pegged to South Korea’s won currency to the Solana network called KRWQ. The launch comes after another stride in connecting the Korean crypto trading market to the rest of the world with won liquidity.

BREAKING: KRWQ, the Korean won stablecoin, is expanding to Solana.

Unifying $100B+ in daily KRW liquidity onchain. https://t.co/ipiahlMmWA pic.twitter.com/l4ArFP8kRQ

— Solana (@solana) May 13, 2026

KRWQ Expands to Solana as Competition in Stablecoins Heats Up

IQ announced that the launch of the Korean won-denominated asset KRW will be official in partnership with Frax, one of the largest DeFi ecosystems in the crypto space. Previously, the stablecoin has been launched on Base, Coinbase’s layer-2 network, and has since grown in usage with additional trading integrations.

The company notes that KRWQ will enable crypto-native trading to gain more access to Korean won liquidity. The won trading volume in traditional offshore derivatives markets has been significant, however, access to liquidity for trading KRW derivatives in decentralized finance has been comparatively lower than dollar-based stablecoins like USDT and USDC.

Read More: South Korea Targets Crypto Whales & Price Manipulation

With its launch on Solana, KRW is expected to access the fast settlement speeds, reduced transaction fees, and increased availability of DEX liquidity. The stablecoin will be used for perpetual futures trading, on-chain FX, and KRW to USD trading arbitrage opportunities.

Solana Continues Building Momentum in Global Stablecoin Markets

The launch adds to Solana’s growing role in the stablecoin sector. The blockchain has been gaining traction in the areas of payments, memecoins, decentralized exchanges, and tokenization of assets over the last year. The volume of transactions in stablecoins on Solana has also surged, resonating with the trend of people looking for quicker ways to move their stablecoins from Ethereum.

Korean Won Stablecoins Could Open a New DeFi Niche

While most of the stablecoins market continues to be dollar-backed, the regional fiat stablecoins are beginning to gain traction. A token backed by the Korean cryptocurrency exchange KRW could open up new avenues for Korean traders wishing to access domestic currency liquidity without exclusively going through centralized exchanges.

It’s also interesting that it comes at a time when South Korea’s regulators are also discussing more comprehensive laws on digital assets and stablecoins. Local stablecoins have been a growing focus of interest for analysts as a possible link between traditional finance and blockchain-based markets.

Read More: Upbit Review 2026: Is This South Korean Crypto Exchange Legal?

The post KRWQ, Korean Stablecoin, Announced the Expansion to Solana appeared first on CryptoNinjas.

UK Reform Party leader Nigel Farage is reportedly facing a probe over an undeclared donation from crypto billionaire Christopher Harborne that he received before becoming an MP in 2024.

The fund, ticker $THYP, comes from 21Shares and pulled in $1.8 million in trading volume and about $1.2 million in net inflows by the end of the first day.

21Shares Launches First Spot Hyperliquid ETF

21Shares announced the launch of THYP in posts published yesterday, describing the fund as physically backed by HYPE tokens and capable of staking a portion of its holdings. According to the issuer, the ETF carries a 0.30% management fee, which it calls the lowest fee for a Hyperliquid ETF as of May 12.

Bloomberg analyst James Seyffart tracked the launch throughout the trading session. About two and a half hours after markets opened, he said that THYP had already reached roughly $750,000 in trading volume. NovaDius Wealth president Nate Geraci also noted that there was a leveraged 2x version of it.

Later in the day, Seyffart described the final $1.8 million figure as “a very solid day” for a new ETF launch, while adding that it was “nothing too crazy.” For comparison, when Bitwise’s Solana staking ETF (BSOL) launched in October 2025, it recorded $56 million in first-day volume, the best ETF debut of that year.

More recently, Morgan Stanley’s Bitcoin ETF (MSBT) pulled in $34 million on its first day back in April 2026, putting THYP’s $1.8 million in a different territory entirely, although the fund is tracking a significantly smaller and less widely held asset.

Risk Warning

The ETF gives traditional investors exposure to Hyperliquid’s HYPE token through brokerage accounts without directly holding the asset. Still, 21Shares included repeated warnings in its prospectus and promotional material that THYP is not a direct investment in HYPE and carries heightened volatility risks.

The firm also noted that staking introduces risks tied to validator performance, including potential slashing penalties and lock-up periods.

The wave of altcoin ETF activity that THYP is part of follows a notably warmer period for crypto fund flows, which saw Bitcoin ETFs attracting close to $2 billion in April 2026, snapping a multi-month run of net outflows and turning the year-to-date flow picture positive.

HYPE was trading near $40 at the time of writing, down about 2% in the last 24 hours and roughly 9% over the past week. It’s currently about 32% below its all-time high of $59.30, which it reached in September 2025.

The post 21Shares Hyperliquid ETF Debuts With $1.8M in Trading Volume appeared first on CryptoPotato.

PPI releases this morning, the Senate Banking Committee takes up the most consequential US crypto legislation of the year on Thursday, and NVIDIA and Walmart report mid-week.

Producer Price Index (April 2026) — today, May 13

The April PPI print lands at 8:30 a.m. ET this morning. PPI measures prices received by domestic producers and functions as a pipeline view of inflation: wholesale cost pressures tend to feed through to consumer prices over time, making this a useful leading indicator rather than a lagging one.

The April data arrives in a specific macro context. The Q1 2026 GDP advance estimate showed the economy expanding at a solid pace, while the PCE price index, the Fed’s preferred inflation gauge, came in at 4.5% for the quarter, well above the Fed’s 2% target. The FOMC held rates at 3.50–3.75% at its April 29 meeting and explicitly flagged elevated inflation in the statement.

April CPI was released yesterday. With that backdrop, today’s PPI print either reinforces the stickiness narrative or provides some early evidence of easing. Traders should note where the print lands relative to consensus before interpreting any market response.

A hotter-than-expected figure adds to the case for extended holds and limits the Fed’s room ahead of the June 16-17 meeting. A soft print gives the disinflation story some oxygen. Neither outcome resolves the picture on its own.

The FOMC minutes, expected around May 20, will provide more detail on how the committee assessed the inflation trajectory at its April 29 deliberations. Past market behavior is not a reliable indicator of future results.

Relevant markets on Kraken Pro: BTC/USD, ETH/USD, and USD-denominated futures pairs.

CLARITY Act Senate Banking Committee markup — Thursday, May 14

On Thursday at 10:30 a.m. ET, the Senate Banking Committee meets to take up the Digital Asset Market Clarity Act, the bill that would define whether digital assets are securities or commodities, clarify the respective jurisdictions of the SEC and CFTC, and establish a legal operating framework for US crypto markets.

This is the most significant regulatory event for the crypto industry since the GENIUS Act was signed into law in July 2025.

The markup arrives with a specific, recent complication. On May 9, the three largest US banking trade groups formally rejected the Tillis-Alsobrooks stablecoin yield compromise that had been framed as the primary breakthrough unlocking the bill’s advancement.

Their objection: that activity-linked stablecoin rewards are economically equivalent to deposit interest, a position that, if it holds enough Republican committee members, could stall or reshape the vote. Senate Banking Chair Tim Scott has not delayed the hearing.

There are three realistic outcomes:

• The committee advances the bill out of markup, clearing the path toward Senate floor consideration and the White House’s July 4 passage target.
• The hearing becomes a public amendment session but doesn’t produce a final vote, extending negotiations into the summer.
• The markup stalls, compressing the legislative window and creating real risk the bill doesn’t clear the Senate before the midterm election cycle takes over.

Polymarket odds of the CLARITY Act passing in 2026 were pricing around 60-70% before this week’s banking lobby pushback.

For traders, the stakes are concrete.

A successful markup advances the bill toward a framework that would establish clear rules for crypto exchanges, token classification, and stablecoin issuance in the US, reducing the regulatory uncertainty that has shaped how institutions approach the asset class.

A stall extends that uncertainty. The specific language on DeFi protocol liability, ethics provisions, and the final stablecoin yield boundaries will determine how the industry receives the outcome. Past market behavior is not a reliable indicator of future results.

Relevant markets on Kraken Pro: BTC/USD, ETH/USD, stablecoin pairs.

NVIDIA Q1 FY2027 earnings — Wednesday, May 20

NVIDIA reports its first quarter of fiscal year 2027 on Wednesday after market close, with the conference call beginning at 2:00 p.m. PT. The data center business, the primary engine of recent growth, is the number traders watch. NVIDIA is the clearest public proxy for the AI infrastructure buildout, and its results carry weight well beyond semiconductors.

The connection to crypto markets is less direct but real. High-performance compute demand, energy infrastructure investment, and risk appetite across the technology sector all influence how institutional capital moves between asset classes.

Revenue consensus is estimated around $78.6 billion. If data center growth signals continued AI capex momentum, that framing tends to support broader risk-on conditions. If NVIDIA’s results fall short, the question shifts to whether the AI buildout is moderating, with knock-on effects for risk appetite across markets. Past market behavior is not a reliable indicator of future results.

Relevant markets on Kraken Pro: BTC/USD, ETH/USD.

FOMC minutes from the April 28-29 meeting — Wednesday, May 20

The April 29 statement held rates at 3.50-3.75% while flagging elevated inflation and citing Middle East developments as a source of economic uncertainty. The minutes will reveal the depth of internal debate and whether any committee members are tilting toward the June 16-17 meeting as a potential inflection point.

Key things traders are watching for: how the committee weighed 4.5% Q1 PCE against growth risks, any discussion of balance sheet trajectory, and the level of consensus versus dissent on the inflation assessment. Past market behavior is not a reliable indicator of future results.

Walmart Q1 FY2027 earnings — Thursday, May 21

Walmart reports before the open on Thursday. Full-year EPS guidance of $2.75-$2.85 was set in February; the more actionable signal for traders will be what management says about tariff pass-through and consumer behavior.

Walmart’s commentary consistently functions as a leading indicator for how the US consumer economy is absorbing macro conditions. A miss with cautious guidance on tariff costs adds to the stagflation narrative that elevated PCE and inflation data have already established. Past market behavior is not a reliable indicator of future results.

Also this week

Standard Deribit weekly options expiries for BTC and ETH fall on Friday, May 15 and Friday, May 22, both settling at 08:00 UTC. Traders active in derivatives markets should monitor Deribit open interest data ahead of each date for positioning context.

US markets are closed on Memorial Day, May 25. Crypto markets trade through, but institutional liquidity typically thins around the holiday.

Closing context

The week’s structure is worth noting. Wednesday morning brings PPI. Thursday brings both the CLARITY Act markup and Retail Sales data. Wednesday evening brings NVIDIA, and Thursday morning brings Walmart. The FOMC minutes complete the macro picture around May 20.

These events don’t operate in isolation: the interaction between inflation data, regulatory news, and earnings sentiment determines the environment traders are working in, not any single data point alone. Structure your thinking before the week opens.

This content is for informational purposes only and does not constitute financial advice. Past market behavior is not a reliable indicator of future results. Trading involves risk.

The post A packed week: Inflation data, a Senate crypto vote, and NVIDIA earnings appeared first on Kraken Blog.