Wednesday, May 13, 2026

Whale Accumulates 21,800 ETH in a $47M Bet on Ethereum’s Long Game

An onchain whale has quietly spent $46.99 million accumulating 21,800 ether since February 15, with the latest purchase of 1,500 ETH coming just hours ago. A PATIENT, SYSTEMATIC ACCUMULATION SCHEME Having spent $46.99 million accumulating ether since February 15, buying a total of 21,800 ETH at an average price of $2,155 per coin, the whale’s […]

via Shiraz Jagati

Ether Withdrawals to Resume Following KelpDAO and Aave’s Coordinated Token Burn

Ether withdrawals are expected to resume within 24 hours for KelpDAO users after a coordinated burn of the attacker’s rsETH tokens on Arbitrum successfully neutralized the exploit’s impact. MORE THAN AN EXPLOIT The rsETH bridge lockbox on Arbitrum is being refilled, and ether withdrawals for users affected by the KelpDAO exploit are expected to start […]

via Shiraz Jagati

Strategy Estimated to Have Bought 2,110 BTC Today Using STRC Proceeds

Michael Saylor’s Strategy is estimated to have purchased approximately 2,110 bitcoin, funded by fresh proceeds from its STRC perpetual preferred stock program, continuing the firm’s relentless accumulation of the world’s largest cryptocurrency. STRC: THE FUNDING VEHICLE The latest bitcoin purchase was funded with proceeds from STRC, the company’s 11.5% annual yield perpetual preferred stock, which […]

via Shiraz Jagati

Schumer Says Democrats Want a Good Crypto Bill as CLARITY Act Enters Key Phase

Senate Minority Leader Chuck Schumer wants “a good crypto bill to pass,” signaling potential bipartisan openness as U.S. lawmakers race to finalize two major digital asset laws in 2026. FROM OPPOSITION TO OPENNESS Schumer’s comment came during what has been a turbulent stretch for U.S. crypto legislation. Earlier in the debate over the GENIUS Act […]

via Shiraz Jagati

Tuesday, May 12, 2026

10 Fresh Wallets Pull 100 Million LAB Tokens Worth $480M From Bitget

Ten newly created wallets have withdrawn 100 million LAB tokens, worth approximately $480 million and representing 32% of the token’s circulating supply, from Bitget in a 12-hour window, adding fresh onchain evidence to an already active manipulation investigation. Exit Follows 1,000% Pump and ZachXBT Probe Lookonchain flagged the movement on Tuesday, noting that ten fresh […]

via Shiraz Jagati

Congress Members to Hold Bipartisan Crypto Tax Meeting May 14

A bipartisan group of U.S. lawmakers is convening a closed-door session to push crypto tax reform forward, with new legislation on the table that could reshape how digital asset holders pay taxes on staking, trading, and everyday payments. PARITY Act Would Defer Staking Taxes The House Ways and Means Committee is set to hold a […]

via Shiraz Jagati

US Senate Drops 309-Page Crypto CLARITY Act Draft Ahead of May 14 Vote

The U.S. Senate Banking Committee has released a 309-page updated draft of the CLARITY Act as the landmark crypto market structure bill heads toward a formal markup vote on May 14, 2026. Drawing Permanent Lines Between SEC and CFTC The Digital Asset Market Clarity Act, commonly called the CLARITY Act, moved significantly closer to becoming […]

via Shiraz Jagati