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A whale has purchased and staked an additional 151,000 HYPE, valued at approximately $6.09 million

Shenzhen Tide TechFlow News, May 13th, according to on-chain analysis platform Lookonchain (@lookonchain) monitoring, the whale address 0x4E53 purchased and staked 151,000 HYPE again 2 hours ago, worth approximately $6.09 million. Data shows that over the past week, this address has accumulated purchases and staking of 500,998 HYPE, with a total value of approximately $21.3 … Read more

The US CFTC supports Kalshi in Ohio’s battle over jurisdiction of prediction markets.

PANews reported on May 13 that, according to The Block, the U.S. Commodity Futures Trading Commission (CFTC) filed an amicus brief in Ohio’s lawsuit against prediction market Kalshi, supporting Kalshi and arguing that the state overstepped its authority. CFTC Chairman Michael Selig stated that the Ohio federal district court’s interpretation of the CFTC’s jurisdiction was … Read more

Coinbase adds Solana-secured loans through Morpho, allowing users to borrow up to $100,000.

PANews reported on May 13th that, according to The Block, Coinbase has expanded its cryptocurrency-backed on-chain lending product, adding support for Solana, allowing users to borrow up to $100,000 by collateralizing SOL. This loan is offered through the Morpho integration on Base, similar to its Bitcoin and Ethereum collateralized lending products. A company spokesperson revealed … Read more

Ronin Ethereum launches Layer 2 migration

Ronin Ethereum is migrating to a Layer 2 on May 12 with roughly 10 hours of scheduled downtime. Ronin, the gaming-focused blockchain behind Axie Infinity, is executing a hard fork on May 12 to complete its transition from an independent…

MARA’s net loss widened to $1.3 billion in the first quarter, stating that Bitcoin mining remains the “operational foundation.”

PANews reported on May 12th that, according to The Block, Bitcoin mining company MARA released its first-quarter financial report, showing a 18% year-over-year decrease in revenue to $174.6 million and a widening net loss to $1.3 billion, primarily due to unrealized losses on 38,689 bitcoins on its balance sheet. The company stated that Bitcoin mining … Read more

Boundary completes a $2 million pre-seed funding round led by Galaxy, and will launch its institutional stablecoin USBD.

PANews reported on May 12th that stablecoin startup Boundary Labs has completed a $2 million pre-seed funding round, led by Galaxy Ventures, with participation from First Block Capital and BlackWood, among others. The company plans to launch its institutional-facing “verifiable” stablecoin, USBD, on the Ethereum mainnet in early summer 2026. Boundary co-founder and CEO Matthew … Read more