Today's Crypto and Bitcoin News

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Monday2026/0608
05-26

Kenya's 2026 Budget Bill Proposes a 10% VAT on Crypto Exchanges

ChainCatcher report, according to Cryptopolitan, Kenya’s 2026 Finance Bill proposes a 10% consumption tax on virtual asset service providers—twice the 5% rate imposed on the gambling industry. The bill also requires cryptocurrency companies to pay a one-time licensing fee of KES 150 million and an a...

Babylon Labs Proposes Native Bitcoin Collateral Integration on Aave V4

Babylon Labs has proposed a temperature check in the Aave community to integrate native Bitcoin as collateral on Aave V4 via the Babylon Trustless Bitcoin Vaults protocol. The solution requires no wrapping, cross-chain bridges, or custodians—users lock Bitcoin in Taproot UTXOs, and redemptions are g...

Kuvi Labs Partners With ChainAware To Enhance Web3 Security

In an innovative move to bring decentralized security to its cryptocurrency ecosystem and offer a better user experience, Kuvi Labs, an AI-driven crypto interface built to make digital asset transactions simple, today announced a strategic partnership with ChainAware, an AI-powered Web3 security pla...

The Wall Street Journal: Stablecoins as 'Private Money' Pose Structural Risks

Odaily Planet Daily reports that although the GENIUS Act and the CLARITY Act are advancing the regulation of stablecoins, stablecoins remain fundamentally "private money" and could pose systemic risks to the financial system.The article points out that stablecoins aim to combine the stability of the...

Hyperliquid Overtakes Dogecoin in Market Cap on CoinMarketCap

Hyperliquid’s HYPE token has narrowly overtaken Dogecoin by market capitalization on CoinMarketCap. The move came after HYPE pushed to a fresh all-time high above $64 on May 24, while Dogecoin remained near $0.10.The margin is thin, and rankings remain sensitive to price feeds and circulating-supply...

WSJ: Stablecoins as 'Private Money' Pose Structural Risks to the Financial System

ChainCatcher reports that The Wall Street Journal has published an article stating that although the GENIUS Act and the CLARITY Act are advancing the regulatory compliance of stablecoins, their fundamental nature remains that of “private money,” potentially posing systemic risks to the financial sys...

U.S. man sues for ownership of 39,069 dormant Bitcoin addresses worth $29 billion

Huo Xing Finance reports, according to Cryptopolitan, a plaintiff pseudonymously named "Noah Doe" has filed a lawsuit in a New York court seeking ownership of 39,069 dormant Bitcoin wallets, including those associated with Satoshi Nakamoto, containing an estimated 3.7 million Bitcoin worth approxima...

ETF Store President Mocks Stablecoins as Source of Real Economic Risk

ME News reports that on May 26 (UTC+8), Nate Geraci, President of ETF Store, joked on X platform, “Stablecoins are clearly the real economic risk.” He added that it’s unbelievable how the market views stablecoins as a source of risk, while ignoring inflation, escalating geopolitical tensions, and ...

BTC OG Whale Increases HYPE Holdings to 184,200 Tokens

According to Onchain Lens, the "BTC OG insider whale" has increased their HYPE position to 184,200 tokens, valued at approximately $11 million. They currently hold a 5x BTC long and a 3x ZEC short, with a combined unrealized loss exceeding $1.7 million.

Zonda Capital to rebrand as ZOND, boost Bitcoin exposure via US ETFs

Argentina just got its first publicly listed Bitcoin treasury company, and it’s taking a page straight from the MicroStrategy playbook, with a distinctly South American twist.Zonda Bitcoin Capital plans to change its stock ticker to ZOND on the Buenos Aires stock exchange, known as BYMA. The company...

KelpDAO Completes rsETH Recovery Plan, Adds 116,000 rsETH to OFT Adapter

BlockBeats report: On May 26, KelpDAO announced that the final batch of 20,373.72 rsETH was transferred to the rsETH OFT adapter earlier today, marking the official completion of the operational phase of the rsETH recovery plan.Over the past two weeks, Aave and Kelp have collectively added approxima...

New York lawsuit claims ownership of 3.7 million BTC in dormant wallets

CoinMarketCap reports:A lawsuit in New York has brought long-dormant Bitcoin wallets into legal dispute. On May 1, plaintiff Noah Doe filed a lawsuit in New York, seeking court confirmation that 39,069 dormant addresses and their associated assets belong to him. The case invokes New York State laws ...

BTC exchange inflows and ETF outflows create 34,000 potential sell pressure

BlockBeats news: On May 26, crypto analyst Axel Adler Jr. stated that despite BTC recently reclaiming $77,000, net inflows into exchanges alongside continued outflows from spot ETFs are exerting localized selling pressure on the market. Data shows that over the past week, net inflows into BTC exchan...

Ethereum Foundation's Kohaku Launches Privacy Integration SDK for Wallets

According to The Defiant, the Ethereum Foundation’s Kohaku Initiative has released an SDK for integrating privacy protocols into Ethereum wallets, now featuring a functional 4337 mempool relayer in version v0.0.1-alpha.21 of the kohaku-eth/railgun integration, enabling private transactions. The SDK ...

Ondo Finance Founder Nathan Allman Passes Away Unexpectedly

Ondo Finance announced on X that its founder, Nathan Allman, has passed away unexpectedly. Ian De Bode, who has long served as the company’s president, will assume the role of CEO. Ondo stated that Nathan’s talent, humility, and drive shaped the company, and they will continue his legacy in his hono...

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