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Allegations of a Hack for THORChain: RUNE Dropped Sharply

<p class="text-left mb-4 ">The decentralized cross-chain protocol THORChain has made headlines in the crypto market with a new hacking allegation. On-chain researcher ZachXBT stated in a Telegram post that THORChain may have been the target of a large-scale attack. Initial findings suggest the attack occurred across multiple networks, including Bitcoin, Ethereum, BNB Chain, and Base. The confirmed losses so far are estimated to be over $7.4 million.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hiwjgamxeaaz3mw-5a6352f4.webp" alt="HIWjGAmXEAAz3Mw.jpg" width="auto" height="auto" class="w-full rounded-lg border" /> <figcaption class="mt-2 mb-6 text-center text-sm text-gray-500">Source: CoinDesk/X</figcaption> </figure> </p><p class="text-left mb-4 ">At the time of writing, there has been no official confirmation from the THORChain team. However, the rapid spread of the claim on social media created sudden selling pressure on the project's native token, RUNE. According to market data, RUNE was trading above $0.58 before the news broke. Following the spread of the allegations, the token fell by double digits to $0.50, marking its lowest level in the last two weeks. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Allegations of a multi-chain attack have unsettled the market</h2><p class="text-left mb-4 ">THORChain is known as a decentralized liquidity protocol that allows direct asset swapping between different blockchain networks. The protocol's core promise is that users can transact between assets on Bitcoin, Ethereum, and other networks without needing centralized exchanges. Therefore, the possibility of a security vulnerability affecting multiple chains has increased market anxiety.</p><p class="text-left mb-4 ">ZachXBT's post stated that the attack covered Bitcoin, Ethereum, BNB Chain, and Base networks. This detail suggests that the incident may not have been limited to a simple vulnerability on a single chain. However, the technical source of the attack, the method used, and which component of the THORChain infrastructure was targeted are not yet clear. It seems difficult to draw a definitive picture without an official statement.</p><p class="text-left mb-4 ">ZachXBT's posts are closely followed in the crypto market, especially regarding hacks and suspicious fund movements. Therefore, it was not surprising that the claim had an impact on the price even before official confirmation. The rapid drop in RUNE also revealed investors' risk-averse tendencies. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">RUNE price under pressure</h2><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/rune" target="_blank" rel="noreferrer" class="text-primary underline">RUNE's price </a>drop from $0.58 to $0.50 was noteworthy. While the token found some support in this region, uncertainty persists. The statement from the THORChain team will be crucial in understanding both the extent of the loss and the current security status of the protocol.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/runeusdt-2026-05-15-13-14-19-d9e29ad5.webp" alt="RUNEUSDT_2026-05-15_13-14-19.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">If the attack is confirmed, the market's focus will shift to monitoring funds, the status of affected users, and the compensation steps the protocol will take. If the hacking claim is not confirmed, or if the loss is limited, this could alleviate some of the panic selling on RUNE.</p>

15 May 2026

Coinbase Partners with Hyperliquid: Stakes Hype

<p class="text-left mb-4 ">Coinbase has signed a significant partnership with Hyperliquid, one of the fastest-growing transaction networks in the crypto market. Under the agreement, the company will act as the official treasury dispenser for USDC on Hyperliquid. This development demonstrates Coinbase's intention to place USDC directly at the heart of its on-chain transaction infrastructure, rather than limiting stablecoin liquidity to centralized exchanges and the Ethereum ecosystem. The agreement will be implemented through Hyperliquid's Aligned Quote Asset (AQA) framework. This system directly links stablecoin liquidity to Hyperliquid's transaction infrastructure. Thus, USDC will take on a more centralized role in the network's markets, while a portion of the revenue generated from reserve yields will be shared with the protocol. According to a second source, under the new AQAv2 structure, Coinbase and Circle aim to consolidate liquidity under one roof by staking HYPE and make USDC the primary quoted asset for HIP-4 markets. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">USDC Liquidity Grows on Hyperliquid</h2><p class="text-left mb-4 ">Hyperliquid has become one of the platforms closely followed by crypto investors in recent months, especially with its perpetual futures trading. Low fees, deep liquidity, and a fast user experience approaching centralized exchanges have been effective in the network's growth. With the renewed interest in DeFi, many traders have started to move their transactions to on-chain platforms. This transition has increased Hyperliquid's trading volume and weight within the ecosystem. Also, at the time of writing, the <a href="https://jrkripto.com/tr/coin/hype" target="_blank" rel="noreferrer" class="text-primary underline">HYPE coin price </a>has risen by 3% to above $40.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hypeusdt-2026-05-14-15-51-42-597072ac.webp" alt="HYPEUSDT_2026-05-14_15-51-42.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">According to data reported by Coinbase, the USDC supply on Hyperliquid has nearly doubled year-on-year, approaching $5 billion. This figure shows that USDC plays a critical role in the Hyperliquid ecosystem not only as a payment instrument but also in terms of transaction, collateral, and treasury management. Stablecoins are largely used as the basic consensus layer for trading activities in the crypto market. Therefore, having strong stablecoin liquidity on a rapidly growing transaction network creates a strategic advantage for Coinbase and Circle. Another noteworthy part of the agreement concerns USDH, the stablecoin project specific to Hyperliquid. Native Markets, the developer of USDH, accepted terms granting Coinbase the right to purchase USDH branded assets. USDH will remain usable against USDC or fiat currency during the transition period. However, after this period, the product is planned to be phased out over time. This structure could pave the way for a clearer standard on the stablecoin side of the Hyperliquid ecosystem. USDH remaining in the background and USDC taking center stage as the primary quotation asset means a simpler liquidity structure for traders. It also allows Coinbase to take on a more visible role in growing on-chain transaction networks like Hyperliquid. This move by Coinbase also reveals that competition in the stablecoin market is increasingly moving to the infrastructure level. Stablecoins are no longer considered solely as standalone products. Exchanges, blockchain networks, and DeFi protocols are making these assets an integral part of transaction, collateral, and treasury systems. Especially in the 24/7 crypto market, the uninterrupted management of liquidity has become even more important for major players. Native Markets notes that Coinbase's inclusion in the ecosystem could strengthen Hyperliquid's position. A direct role for one of the largest US-based crypto companies in Hyperliquid's infrastructure could lead to the network gaining more prominence in discussions about its market structure. Coinbase also emphasizes that the partnership will contribute to creating a more unified global market for on-chain capital markets.</p>

14 May 2026

Fidelity’s Chainlink-Backed Fund Receives AAA Rating

<p class="text-left mb-4 ">Fidelity International continues to expand its push into tokenized finance. The company has launched its first tokenized fund, the Fidelity USD Digital Liquidity Fund, in collaboration with Chainlink and Sygnum. Known as FILQ, the product gives institutional investors blockchain-based access to yield from high-quality securities such as government bonds.</p><p class="text-left mb-4 ">The fund is designed as a cash management tool suited to digital asset markets that operate 24/7. With FILQ, Fidelity International aims to offer institutional investors a structure that provides both yield and more flexible liquidity for onchain transactions. The product follows the same investment strategy as the company’s existing Irish-domiciled low-volatility net asset value fund. That fund has around $7 billion in assets under management.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Moody’s assigns top rating</h2><p class="text-left mb-4 ">After its launch, FILQ received an Aaa-mf rating from Moody’s Ratings. This rating signals the highest level of credit quality, strong liquidity, and capital preservation capacity for money market funds. Moody’s also gave a top-tier assessment to BlackRock’s tokenized money market fund BUIDL during the same period. The development shows that tokenized government debt and money market funds are becoming a more serious category for traditional financial institutions.</p><p class="text-left mb-4 ">Money market funds generally invest in short-term, highly liquid debt instruments. Treasury bills, short-term government bonds, certificates of deposit, and similar instruments form the basis of these products. Investors often use these funds to park cash, earn low-risk yield, and preserve liquidity.</p><p class="text-left mb-4 ">FILQ’s main difference is that it brings this traditional structure into a tokenized model running on Ethereum. The fund’s tokens use the ERC-20 standard. Institutional investors can subscribe to the fund or redeem their holdings through stablecoin settlement. This structure is especially important for instant settlement, onchain accounting, and faster fund movement in digital asset markets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Chainlink to bring NAV data onchain</h2><p class="text-left mb-4 ">Three key institutions stand out in FILQ’s infrastructure. Fidelity International acts as the fund’s asset manager and issuer. Sygnum provides onchain fund registration, smart contract-based settlement, and institutional client access through its Desygnate tokenization platform. <a href="https://jrkripto.com/tr/coin/link" target="_blank" rel="noreferrer" class="text-primary underline">Chainlink </a>brings the fund’s net asset value and distribution data onchain.</p><p class="text-left mb-4 ">JPMorgan provides the approved daily NAV data for the fund. Chainlink publishes this data on the blockchain, allowing investors to track the fund’s pricing in a more transparent way. As a result, traditional fund management, regulated data providers, and onchain financial infrastructure come together within the same product.</p><p class="text-left mb-4 ">Sygnum also handles KYC and AML processes for institutional investors. This allows investors to subscribe to fund tokens, hold them, or enter the redemption process. FILQ is available only to eligible institutional investors and is not open to U.S. persons.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Tokenized bond market grows rapidly</h2><p class="text-left mb-4 ">FILQ’s launch is part of the rapid growth seen in tokenized real-world assets. According to RWA data, the total size of tokenized U.S. government debt products has grown from around $1 billion to more than $15 billion in two years. BlackRock’s BUIDL fund has become one of the largest products in this market, while major institutions such as Franklin Templeton and JPMorgan continue to expand their blockchain-based cash management products.</p><p class="text-left mb-4 ">While stablecoins are mainly used for price stability and payments, tokenized liquidity funds such as FILQ provide access to regulated yield-bearing assets. For this reason, the product could serve as a new bridge for cash management, collateral movement, and real-time settlement in digital asset markets. Fidelity’s structure with Chainlink and Sygnum stands out as an important step toward making tokenized finance more practical at the institutional level.</p>

14 May 2026

Crypto Watches as Warsh Takes Fed Chair

<p class="text-left mb-4 ">The US Senate confirmed Kevin Warsh as the head of the Federal Reserve with a vote of 54 to 45. This officially marks the beginning of a new era at the Fed after Jerome Powell, but the narrow margin of the vote demonstrates that political divisions in Washington extend to the central bank. According to official Senate records, 54 senators voted "yes" and 45 voted "no" for Warsh's four-year term as Fed chairman; one senator abstained. Pennsylvania Senator John Fetterman was the only Democrat to support Warsh. This shows that the new Fed chairman will begin his term amid intense political pressure and market expectations. According to Reuters, Warsh takes over the central bank at a time when President Donald Trump continues to openly pressure for interest rate cuts. Warsh previously served on the Fed Board of Governors from 2006 to 2011. Now he has been confirmed for both his 14-year term as a Fed governor and his simultaneous four-year term as chairman. Powell is expected to remain on the Fed board as his term as chairman comes to an end.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Inflationary pressure will be the first test</h2><p class="text-left mb-4 ">Warsh's first major test will be interest rate policy. Consumer inflation in the US rose to 3.8 percent year-on-year in April. This rate remained above the 3.3 percent level in March and moved significantly away from the Fed's 2 percent target. According to Bureau of Labor Statistics data, core inflation also rose to 2.8 percent year-on-year.</p><p class="text-left mb-4 ">The picture is not so easy on the producer price side either. In April, the final demand producer price index rose 1.4 percent month-on-month, while the year-on-year increase reached 6 percent. Reuters reported that this level is the strongest year-on-year increase seen since December 2022.</p><p class="text-left mb-4 ">These data make Trump's long-standing desire for interest rate cuts more complicated for Warsh. The new chairman will face pressure from the White House to ease rates on the one hand, and on the other hand, he will have to prevent high inflation from becoming permanent again. The first FOMC meeting in June will therefore be a critical signal for the markets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Why is the crypto market focused on Warsh?</h2><p class="text-left mb-4 ">Warsh's appointment is noteworthy not only for traditional markets but also for the crypto sector. His financial disclosures show that Warsh has invested in many technology and digital asset-related companies. Reuters wrote that Warsh's portfolio includes various ventures extending into artificial intelligence, fintech, and crypto spaces.</p><p class="text-left mb-4 ">According to CoinDesk, Warsh's disclosed assets include connections to companies focused on Bitcoin payment infrastructure, such as Flashnet, and venture investments touching the crypto sector. Warsh is expected to divest from a large portion of assets that could create conflicts of interest before taking office.</p><p class="text-left mb-4 ">The crypto market's main expectation, however, is less about Warsh's personal investment history and more about the tone the Fed will set in its approach to digital assets. Stablecoin regulations, banks' crypto custody services, the use of blockchain in payment infrastructures, and a possible central bank digital currency debate will be among the topics of the new era. Warsh's past statements indicate that he views <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>as a kind of market signal against monetary policy. Industry sources also report that Warsh is more favorably disposed towards privately issued stablecoins and distanced himself from the idea of ​​a central bank cryptocurrency.</p><p class="text-left mb-4 min-h-[1.5em]"></p><p class="text-left mb-4 ">However, the outlook for the market is not entirely reassuring. If inflation data remains strong, it may become difficult for the Fed to quickly begin interest rate cuts. This could put pressure on risky assets, including Bitcoin and altcoins. Therefore, the Warsh era presents a two-sided story for the crypto market. The possibility of a more open Fed stance on regulation and digital payment infrastructure is seen as positive for the sector. However, maintaining a tight monetary policy stance could limit liquidity expectations. The June meeting will be the first important threshold to show which priority the new Fed chairman will give more weight to.</p>

14 May 2026

Binance Alpha Removes 20 Altcoins: Trading Will Continue

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>Alpha has removed 20 tokens from its featured assets list following recent evaluations. According to the platform's announcement dated May 14, 2026, PRAI, COMMON, PINGPONG, TAKER, JANITOR, GATA, KLINK, CORL, SWTCH, ARIAIP, LONG, ZKWASM, GORILLA, ECHO, LITKEY, FIR, GM, DELABS, DONKEY, and WHY will no longer be considered projects meeting Binance Alpha's standards. The delisting took effect at 06:00 UTC on May 14, which is 09:00 Turkish time. Binance stated that the decision was made as a result of "recent evaluations." The announcement did not provide a separate reason for each project. However, the statement emphasized that tokens included in Binance Alpha may carry higher-than-normal risks and be susceptible to high price volatility. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">20 Tokens Delisted from Binance Alpha</h2><p class="text-left mb-4 ">The delisted tokens include projects operating in various fields such as Privasea AI's PRAI token, Common's COMMON token, Taker Protocol's TAKER token, Gata, Klink Finance, Coral Finance, Switchboard, Aria Protocol, Belong, ZKWASM, Echo Protocol, Lit Protocol, Fireverse, GOMBLE, and Delabs Games. Smaller-scale or community-focused tokens such as DONKEY, WHY, GORILLA, JANITOR, and PINGPONG were also among the delisted assets.</p><p class="text-left mb-4 ">Binance Alpha is used as a platform where early-stage projects become more visible. Therefore, tokens listed here may have a higher risk profile compared to traditional spot listings. While highlighted assets on the platform sometimes increase user interest, this does not mean that the tokens in question are listed on Binance's main spot market. Therefore, the decision to delist from Alpha is not directly the same as a classic delisting process. Binance stated in its announcement that it prioritizes user security while continuing to support innovation and transparency. The company also reminded investors to conduct their own research before trading. The announcement specifically highlighted the need to be vigilant against fraud risks and to protect the security of funds.</p><p class="text-left mb-4 ">One important point is that sales and withdrawals will continue even after these tokens are removed from Binance Alpha. Binance stated that users can withdraw or sell these assets through Binance Alpha. To withdraw, the relevant token can be selected from the "Asset" tab in the Alpha section. For sales, the token can be selected from the Alpha asset screen, followed by "Instant" and then "Sell".</p><p class="text-left mb-4 ">Binance Wallet users can also search for the relevant token through the "Market" tab and conduct transactions. This announcement shows that the process has not become completely closed for users holding delisted tokens. However, the removal of Alpha visibility may put pressure on liquidity and investor interest in some tokens.</p><p class="text-left mb-4 ">Risk management was highlighted in Binance's warning. The platform stated that tokens in Binance Alpha are susceptible to high price volatility and that users should fully understand the projects before trading. Therefore, it seems possible that short-term price movements in these tokens will intensify following the removal decision.</p>

14 May 2026

Altcoin

Allegations of a Hack for THORChain: RUNE Dropped Sharply9 minutes ago

Altcoin

Coinbase Partners with Hyperliquid: Stakes Hypeabout 21 hours ago

Blockchain

Fidelity’s Chainlink-Backed Fund Receives AAA Ratingabout 23 hours ago

Politics

Crypto Watches as Warsh Takes Fed Chair1 day ago

Altcoin

Binance Alpha Removes 20 Altcoins: Trading Will Continue1 day ago

Altcoin

Allegations of a Hack for THORChain: RUNE Dropped Sharply9 minutes ago

Altcoin

Coinbase Partners with Hyperliquid: Stakes Hypeabout 21 hours ago

Blockchain

Fidelity’s Chainlink-Backed Fund Receives AAA Ratingabout 23 hours ago

Politics

Crypto Watches as Warsh Takes Fed Chair1 day ago

Altcoin

Binance Alpha Removes 20 Altcoins: Trading Will Continue1 day ago

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