17h ago
THORChain exploit on May 15 drains over $10M across BTC, ETH, BSC and Base
THORChain (RUNE) was exploited on May 15, with losses exceeding $10 million across Bitcoin, Ethereum, BNB Smart Chain, and Base. More than 36.75 BTC (over $3 million) and $3.54 million in ETH were reported lost, while the attacker reportedly consolidated assets by swapping tokens into ETH and sending them to one wallet. After the incident, the protocol paused trading via an emergency halt, and RUNE fell over 15%, with market cap dropping by more than $27 million to around $182 million.
BTC
BTC-2.28%
17h ago
17h ago
XRP Eyes $1.50 Breakout as U.S. Spot ETFs Custody 1.34% of Circulating Supply
XRP is hovering near the psychological $1.50 area as a market supply squeeze builds, fueled by U.S. spot ETFs holding 1.34% of the circulating supply. In the past 24 hours, these ETFs recorded $18.52 million in net inflows on $46.78 million in trading volume. Whales with at least 10 million XRP reportedly control 68.5% of supply, with technical levels mapped from $1.50–$1.55 up to $3.28–$3.50 if momentum continues.
XRP
XRP-3.78%
17h ago
17h ago
Strategy's STRC preferred stock hits record $1.53B volume as BTC buying continues
Strategy said it now holds 818,869 Bitcoin, valued at about $66 billion at current prices. On Thursday, its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) posted $1.53 billion in trading volume, the highest single-day level on record. Data cited by the company suggests that activity could support an estimated $735 million raise, potentially funding about 9,066 BTC, though any purchase decision was not confirmed.
BTC
BTC-2.28%
17h ago
18h ago
ZachXBT Questions LAB Token’s $6B FDV, Cites OTC Discounts and Insider Supply
On May 14, crypto investigator ZachXBT alleged the LAB token’s ecosystem is dominated by insiders and private OTC arrangements, saying they likely control over 95% of the circulating supply even as the project topped a $6 billion fully diluted valuation. He also pointed to reported OTC discounts of up to 80% and vesting terms he said were not clearly disclosed to retail traders. By May 15, LAB traded at $4.11, down 24.4% in 24 hours and 9.1% on the week, while its 30-day gain cooled to 833.3%.
LAB
LAB-12.55%
18h ago
18h ago
Strategy's STRC Preferred Stock Sets $1.53B Volume High as It Closes at $100 Par
Strategy said its STRC variable-rate perpetual preferred stock posted a record $1.53 billion in trading volume on May 14, finishing exactly at its $100 par value with only $0.02 of intraday movement. The company previously said STRC launched in late July 2025 and has expanded to $8.5 billion in under nine months. River data also links STRC proceeds to about 77,000 BTC of Strategy purchases in 2026 and notes the firm holds 818,869 bitcoin.
BTC
BTC-2.28%
18h ago