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Trump Media Sends 2,650 BTC to Exchange as $480 Million Loss Comes Into Focus

<p class="text-left mb-4 ">Trump Media & Technology Group (TMTG) transferred 2,650 <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>to Crypto.com late on May 21. According to Arkham’s on-chain data, the transfer was worth around $205 million at the time. It also marked the company’s second major Bitcoin outflow this year.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/trump-media-bitcoin-moves-703134fe.webp" alt="trump-media-bitcoin-moves.jpg" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The numbers paint a harsh picture. TMTG had purchased 11,542 BTC at an average price of $118,522 per coin, spending roughly $1.37 billion in total. Bitcoin is currently trading around $77,000, about 35% below the company’s entry price. At this level, the unrealized loss on its remaining position is approaching $480 million.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Second Major Outflow</h2><p class="text-left mb-4 ">The latest move looks like a repeat of the company’s first major Bitcoin transfer in 2026. Four months ago, TMTG moved 2,000 BTC from its wallets while Bitcoin was trading near $87,380. That transfer was worth around $175 million.</p><p class="text-left mb-4 ">The company’s first-quarter earnings report later confirmed that its reserves had dropped to 9,542 BTC after that transaction. With the latest 2,650 BTC transfer included, its remaining holdings have fallen to around 6,889 BTC. In other words, Truth Social’s parent company has moved more than 4,600 BTC out of its wallets in 2026 alone.</p><p class="text-left mb-4 ">A transfer to an exchange does not always mean a sale. The company could be moving assets for other operational reasons. Still, given the documented loss figures and repeated outflows, questions around what TMTG plans to do with this Bitcoin position remain open.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Quarterly Report Added More Pressure</h2><p class="text-left mb-4 ">The company’s first-quarter 2026 results, released earlier in May, had already drawn attention. TMTG reported a net loss of $405.9 million and an adjusted EBITDA loss of $387.8 million.</p><p class="text-left mb-4 ">A large part of that loss came from a $368.7 million item tied to unrealized losses on digital assets and equity securities. According to the company’s own statement, most of these losses were non-cash in nature.</p><p class="text-left mb-4 ">There were a few stronger points in the report. TMTG still held $2.1 billion in financial assets and generated $17.9 million in positive operating cash flow. Even so, the roughly $480 million unrealized Bitcoin loss remains a major issue on the balance sheet.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The Portfolio Includes More Than Bitcoin</h2><p class="text-left mb-4 ">TMTG’s crypto treasury is not limited to Bitcoin. The company also holds 756 million Cronos (CRO), the native token of Crypto.com. That position is currently worth around $2.64 million. Compared with the Bitcoin position, however, it remains largely symbolic.</p><p class="text-left mb-4 ">Trump Media’s crypto strategy has been controversial from the beginning. When the company invested around $1.37 billion in Bitcoin, it was framed as a strong institutional confidence signal. Now, with two major transfers and a deep paper loss, the sustainability of that strategy is coming under closer scrutiny.</p><p class="text-left mb-4 ">A transfer to an exchange may not directly indicate a sale. But the shrinking Bitcoin balance and heavy first-quarter financial results are enough to raise questions about where TMTG’s treasury strategy goes from here. At Bitcoin’s current price levels, the company’s next move will be closely watched.</p>

22 May 2026

Polymarket Hit by Attack: 5,000 POL Withdrawn in 30 Seconds

<p class="text-left mb-4 ">An attack uncovered by on-chain investigator ZachXBT led to the theft of more than $700,000 worth of POL tokens from an operational wallet linked to Polymarket’s UMA CTF Adapter contract on the Polygon network. The attack remained active for hours.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-05-22-151102-ad3dd786.webp" alt="Ekran görüntüsü 2026-05-22 151102.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How the attack unfolded</h2><p class="text-left mb-4 ">ZachXBT detected that 5,000 POL tokens were being withdrawn every 30 seconds from a wallet connected to Polymarket’s UMA CTF Adapter infrastructure. The loss was initially reported at $520,000, but quickly rose above $660,000. In the following hours, the figure was confirmed to have exceeded $700,000.</p><p class="text-left mb-4 ">According to PeckShield, which identified two drained addresses, the attacker transferred part of the stolen funds to a crypto swap service called ChangeNOW. The attacker’s wallet was labeled “Polymarket Adapter Exploiter 1” on PolygonScan.</p><p class="text-left mb-4 ">The stolen funds were later distributed across at least 15 separate wallet addresses. The main attacker address was recorded as 0x8F98075db5d6C620e8D420A8c516E2F2059d9B91, while the other two drained addresses were identified as 0x871D…9082 and 0xf61e…4805.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Not a smart contract exploit, but a private key compromise</h2><p class="text-left mb-4 ">In the first hours after the incident, there were claims that a smart contract vulnerability may have been involved. However, Polymarket’s engineering team clarified the situation in a Discord statement. The company said its findings pointed not to a contract issue, but to the compromise of a private key belonging to an internal operations wallet. In other words, the problem was not in the platform’s core infrastructure, but in access control.</p><p class="text-left mb-4 ">Polymarket’s UMA CTF Adapter is used to connect prediction markets to UMA’s Optimistic Oracle. The adapter enables the resolution of markets built on the Conditional Tokens Framework. From a technical standpoint, the attack did not target this integration layer itself, but the credentials of the wallet managing it.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Market reaction</h2><p class="text-left mb-4 ">During the attack, the <a href="https://jrkripto.com/tr/coin/uma" target="_blank" rel="noreferrer" class="text-primary underline">UMA </a>token price fell from $0.477 to $0.462, marking a decline of around 3.3%. POL, meanwhile, saw a more limited impact. This divergence suggests that market participants were able to interpret the scope of the attack correctly: the main risk was related to UMA’s oracle infrastructure, while Polygon’s base layer continued to operate without issues.</p><p class="text-left mb-4 ">Polymarket was reported to have closed a $400 million funding round in April 2026 at a valuation of roughly $15 billion. The company was also known to have received a $600 million strategic investment from Intercontinental Exchange, the parent company of the New York Stock Exchange, in recent months. This made the timing of the attack particularly notable.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Independent confirmations</h2><p class="text-left mb-4 ">After ZachXBT’s initial warning, Bubblemaps, Lookonchain and PeckShield independently confirmed the attack. Bubblemaps urged users to suspend all Polymarket-related transactions. Santiment also tracked on-chain data in real time and updated the estimated losses.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Are user funds safe?</h2><p class="text-left mb-4 ">Polymarket emphasized that the attack affected an operational wallet, not the platform’s main infrastructure. User funds were said to be safe. However, the company had not issued a formal written statement, and communication appeared to be limited to Discord channels.</p><p class="text-left mb-4 ">On-chain security analysts are advising users not to deposit new funds into the platform until Polymarket releases a comprehensive explanation. They also recommend closely monitoring positions linked to the UMA CTF Adapter.</p>

22 May 2026

Binance Adds Monitoring Tag to 9 Altcoins: Prices React

<p class="text-left mb-4 ">Binance announced that nine tokens were added to the Monitoring Tag category as of May 22, 2026. The tokens included in the list are Alchemix (ALCX), Cookie DAO (COOKIE), DODO (DODO), Epic Chain (EPIC), Heima (HEI), Hashflow (HFT), Storj (STORJ), Synapse (SYN), and Alien Worlds (TLM). The exchange said the decision was made following its periodic project reviews. The announcement was published at 11:00 a.m. on May 22, and the tags were updated shortly after.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What Does the Monitoring Tag Mean?</h2><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>uses the Monitoring Tag mechanism to mark projects that carry significantly higher volatility and risk compared to other listed tokens. The tag also means that the exchange has placed the token under close observation and will review it at regular intervals.</p><p class="text-left mb-4 ">The evaluation criteria include the team’s commitment to the project, the quality of development activity, trading volume and liquidity, network security, smart contract stability, and the level of public communication. Evidence of unethical behavior, fraud, or negligence is also included in the review process.</p><p class="text-left mb-4 ">The addition of the tag does not directly affect the token’s other services on Binance. However, it serves as a serious warning. Tokens with the Monitoring Tag may face delisting risk if they fail to meet Binance’s listing criteria.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Quiz Requirement</h2><p class="text-left mb-4 ">Users who want to trade tokens with the Monitoring Tag must complete a quiz every 90 days on Binance Spot and/or Binance Margin. This requirement is designed to ensure that users understand the specific risks associated with these tokens. Users who fail or do not renew the quizzes cannot trade these assets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Price Movements</h2><p class="text-left mb-4 ">Following the announcement, most of the tokens on the list saw sharp declines. The heaviest losses were recorded in Heima (HEI), Synapse (SYN), and Epic Chain (EPIC). HEI fell 16.41% in 24 hours, while SYN dropped 15.82% and EPIC lost 15.32%.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/heiusdt-2026-05-22-12-46-11-33894fd0.webp" alt="HEIUSDT_2026-05-22_12-46-11.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hftusdt-2026-05-22-12-46-03-54300766.webp" alt="HFTUSDT_2026-05-22_12-46-03.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Cookie DAO (COOKIE) and Hashflow (HFT) also posted double-digit losses, falling 12.53% and 12.04%, respectively. On the more moderate side, Alien Worlds (TLM) declined 5.83%, Storj (STORJ) fell 3.56%, and DODO dropped 3.22%. The smallest decline on the list was seen in Alchemix (ALCX), which lost 2.09%.</p><p class="text-left mb-4 ">As of 12:30 p.m. Turkey time, ALCX was trading at $5.00, COOKIE at $0.01576, DODO at $0.02019, EPIC at $0.2658, HEI at $0.06549, HFT at $0.01233, STORJ at $0.1102, SYN at $0.04390, and TLM at $0.001686.</p><p class="text-left mb-4 ">Binance first introduced the Monitoring Tag system in 2023. Since then, the exchange has added the tag to several tokens. Some managed to continue meeting the required standards and remained listed, while others were eventually delisted.</p><p class="text-left mb-4 ">The addition of the tag does not always lead to delisting, but it functions as a warning that investors should not ignore. Binance stated in its announcement that the other services related to these tokens would not be affected and that the tags were updated immediately after the announcement was published.</p>

22 May 2026

Binance Lists Two New Altcoins on the Spot Market

<p class="text-left mb-4 ">Binance announced that it will add Genius Terminal (GENIUS) and OpenGradient (OPG) tokens to its spot market on May 22, 2026. Both tokens were listed with the Seed Tag.</p><p class="text-left mb-4 ">Genius Terminal is a non-custodial on-chain trading platform that brings spot trading, futures, yield products, and cross-chain transactions together under a single interface. The platform routes orders through the Genius Bridge Protocol (GBP), which allows users to trade across more than 150 DEXs.</p><p class="text-left mb-4 ">OpenGradient is a decentralized infrastructure network designed to bridge the gap between artificial intelligence and blockchain. It offers a structure that allows developers to host, run, and verify AI models directly on-chain. The project was founded by names coming from Two Sigma and Palantir, and raised $9.5 million in a funding round led by a16z Crypto and Coinbase Ventures.</p><p class="text-left mb-4 ">Trading will open at 14:00 Turkey time. Six pairs will go live at launch: GENIUS/USDT, GENIUS/USDC, GENIUS/TRY, OPG/USDT, OPG/USDC, and OPG/TRY. Withdrawals will become available from May 23, 2026, at 14:00. The listing fee was set at 0 BNB.</p><p class="text-left mb-4 ">GENIUS trades on BNB Smart Chain at the address 0x1F12B85aAC097E43Aa1555b2881E98a51090e9A6. OPG has a dual-chain structure. It is available on BNB Smart Chain at 0x5feCcD17C393CaF1001D18164236A37E731FCb9d and on Base at 0xFbC2051AE2265686a469421b2C5A2D5462FbF5eB.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-05-22-110711-50b0879f.webp" alt="Ekran görüntüsü 2026-05-22 110711.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">On the marketing side, <a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>announced that it has allocated 25 million GENIUS tokens and 15 million OPG tokens for future campaigns. Details about these campaigns will be shared in separate announcements.</p><p class="text-left mb-4 ">Users need to have a verified Binance TR account to trade TRY pairs. TRY refers to the Turkish lira here, not a crypto asset.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Transition process for Binance Alpha users</h2><p class="text-left mb-4 ">Both GENIUS and OPG were traded on Binance Alpha before their spot listings. With the opening of spot markets, both tokens were removed from Alpha Market. However, the transition process is taking place in several stages.</p><p class="text-left mb-4 ">Fifteen minutes before spot trading began, users were able to transfer their tokens from their Alpha account to their spot account. After the listing, selling through Alpha is still possible via Alpha Instant during the first hour after spot trading opens. However, these transactions no longer count toward Binance Alpha Points. Binance has a 24-hour window to move balances from users’ Alpha accounts to their spot accounts; during this period, transfers will be carried out automatically by the platform.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What is the Seed Tag?</h2><p class="text-left mb-4 ">Both tokens were given the Seed Tag. This label is a warning mechanism Binance applies to tokens it considers to carry high volatility and risk. It is commonly seen on newly listed or still-maturing projects. Users are advised to conduct their own research before trading tokens with this tag, and to pay particular attention to security risks on platforms outside Binance.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Algo orders and trading bots</h2><p class="text-left mb-4 ">Spot Algo Orders are active for both tokens from the moment of listing. Trading bots and Spot Copy Trading will be enabled within 24 hours following the listing. Users who use Copy Trading can add the new pairs to their portfolios through the Personal Pair Preference settings.</p>

22 May 2026

SpaceX Arrives on Binance Before Nasdaq: Trading Begins

<p class="text-left mb-4 ">Binance has launched a new futures contract product that allows investors to take positions ahead of SpaceX’s anticipated public offering. Listed under the name SPCXUSDT, the “Pre-IPO Perpetual Contract” is USDT-margined and offers leverage of up to 5x.</p><p class="text-left mb-4 ">The product is part of Binance’s attempt to bring the infrastructure of crypto derivatives into traditional financial markets. It does not provide actual ownership in the company; trading is based entirely on price movements. In the pre-IPO period, the contract price is based on publicly available data such as private investment rounds and transactions by existing shareholders. Once SpaceX goes public, SPCXUSDT will begin tracking the actual share price directly.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">SpaceX Trading Begins on Binance</h2><p class="text-left mb-4 ">The first day of trading was highly active. The contract opened at $206, climbed to $224, and was trading around $208 at the time of writing. With a daily low of $197 and a peak of $224, intraday volatility reached 13.8%. The 24-hour trading volume also exceeded $50 million.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-05-21-164221-bd8e8188.webp" alt="Ekran görüntüsü 2026-05-21 164221.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">SpaceX has <a href="https://jrkripto.com/en/news/spacex-discloses-bitcoin-position-to-the-sec-18712-btc" target="_blank" rel="noreferrer" class="text-primary underline">filed </a>its S-1 registration statement with the SEC. The documents revealed that the company holds 18,712 <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">BTC </a>acquired at an average cost of around $35,000. First-quarter revenue was reported at $4.69 billion, while net loss stood at $4.28 billion. The company is expected to begin trading on Nasdaq under the SPCX ticker in June 2025. Elon Musk’s voting power stands at around 85% through Class A and Class B shares; no other individual or institution holds a stake above 5%.</p><p class="text-left mb-4 ">On decentralized prediction platform Polymarket, users are pricing the probability of the IPO closing above a $2 trillion valuation at more than 70%. Reuters, meanwhile, reported that SpaceX’s target valuation is around $1.75 trillion.</p><p class="text-left mb-4 ">Binance is not alone in this field. Hyperliquid’s Trade.xyz platform launched SpaceX futures contracts on May 18 at $150, corresponding to a valuation of roughly $1.78 trillion. The product generated $33 million in volume on its first day. OKX and Bitget also offer similar products. What sets Binance apart is scale: the liquidity and retail access provided by the world’s largest crypto exchange are not capacities that smaller platforms can easily match.</p><p class="text-left mb-4 ">Pre-IPO futures contracts allow individual investors to gain early exposure to an IPO market that has traditionally been dominated by institutional investors and venture capital circles. However, these products come with their own risks. Contract prices can diverge significantly from the actual share price. Leverage can amplify losses. They also do not provide dividends or voting rights.</p><p class="text-left mb-4 ">Historical data shows that major IPOs do not always perform as well as commonly assumed. Jay Ritter of the University of Florida examined around 9,300 companies that listed on major U.S. exchanges between 1980 and 2025. The average first-day gain was 19%. But that momentum often fails to hold. Looking at the 10 largest U.S. IPOs, including Alibaba, Meta, Uber and Rivian, the median decline reached 10% after three months and 31% after one year. The latest example points to the same pattern: AI chipmaker Cerebras Systems surged 68% on its opening day to $185, but by the end of the first week, the stock had fallen to $291.</p><p class="text-left mb-4 ">The SpaceX expectation is also affecting crypto markets. Bitcoin came under pressure around the $80,000 level about three weeks ago and has since slipped below $78,000. Gene Munster of Deepwater Asset Management said SpaceX’s S-1 filing pushed Nvidia’s strong quarterly results out of the spotlight; Nvidia closed that day unchanged at $220.60.</p>

21 May 2026

BTC

Trump Media Sends 2,650 BTC to Exchange as $480 Million Loss Comes Into Focusabout 6 hours ago

Altcoin

Polymarket Hit by Attack: 5,000 POL Withdrawn in 30 Secondsabout 7 hours ago

Altcoin

Binance Adds Monitoring Tag to 9 Altcoins: Prices Reactabout 9 hours ago

Altcoin

Binance Lists Two New Altcoins on the Spot Marketabout 11 hours ago

Altcoin

SpaceX Arrives on Binance Before Nasdaq: Trading Begins1 day ago

BTC

Trump Media Sends 2,650 BTC to Exchange as $480 Million Loss Comes Into Focusabout 6 hours ago

Altcoin

Polymarket Hit by Attack: 5,000 POL Withdrawn in 30 Secondsabout 7 hours ago

Altcoin

Binance Adds Monitoring Tag to 9 Altcoins: Prices Reactabout 9 hours ago

Altcoin

Binance Lists Two New Altcoins on the Spot Marketabout 11 hours ago

Altcoin

SpaceX Arrives on Binance Before Nasdaq: Trading Begins1 day ago

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