Tron Founder Justin Sun Sued by WLFI
@World Liberty Financial has filed a defamation lawsuit against Justin Sun in Florida, escalating their dispute over frozen WLFI tokens valued at over $1 billion. #Update #Legal $WLFI
CryptoSlate
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Cardano Hard Fork Vote Reveals ADA DeFi Weakness
@Cardano’s hard fork, Van Rossem, targets a May 29 mainnet vote amid concerns over infrastructure readiness, as ADA trades at $0.249, down 5.8% this week #Update #Crypto $ADA
Cardano Risks Losing Scientists After 33M ADA Vote Failure
Cardano faces potential loss of key scientists as @InputOutput seeks $46.8M in treasury funding, with critical proposals struggling for support ahead of the May 24 voting deadline. #Update #Crypto $ADA
USDC Stolen Funds Unblocked After Freezing
@Circle faces backlash as over $230M in stolen $USDC flowed through its bridge during the Drift Protocol exploit, raising questions about inconsistent asset freezes. #Breaking #Crypto $USDC (-8) ↘
Ethereum and Solana Boost JPMorgan’s Cash Strategy
@JPMorgan filed for the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX) on May 12, targeting a $1.00 NAV, using $ETH for fund shares and exploring reserve operations on $SOL. #Update #Crypto $USDC
Cardano Surges After $250 Million Shutdown
Charles Hoskinson refocuses on Cardano as his $250M Wyoming health care project shuts down, facing governance challenges amid community divisions. Urgent treasury vote on research funding looms. #Update #Crypto $ADA
Cardano Summit Canceled After Treasury Vote Failure
Cardano’s 2026 Summit in Singapore is canceled after a treasury governance vote failed to meet the required threshold for funding, impacting planned events and partnerships. #Update #Crypto $ADA
Circle Launches $3B Arc Token Rivaling Coinbase
Circle’s $222M ARC token presale values the network at $3B, raising competition concerns with Coinbase as both firms expand their roles in the stablecoin ecosystem. #Update #Crypto $USDC
Ripple Launches Regulated RLUSD Stablecoin in MENA
@Ripple launches RLUSD stablecoin in Turkey, integrating with local platforms BiLira, Bitexen, and Bitlo to capture institutional demand amid high crypto transaction volumes. #Update #Crypto $XRP
Polymarket Faces Live POL Drain Amid Contract Concerns
@Polymarket experienced a private key compromise leading to a POL drain of approximately $600,000; user funds remain safe as the incident is attributed to operational security, not a contract exploit. #Update #Crypto $POLY
Ethereum Minting Surges with 1 Billion Fake DOT
@Hyperbridge suffered a security breach, allowing the minting of 1 billion fake $DOT tokens on Ethereum, with only $240K extracted due to shallow liquidity; Polkadot’s price nears all-time low. #Breaking #Crypto $DOT (-8) ↘
Bitcoin Moves to Chainlink Amid DeFi Fears
@Kraken is migrating its wrapped Bitcoin (kBTC) to Chainlink’s CCIP for enhanced security as bridge fears rise in DeFi, impacting the infrastructure of exchange-issued Bitcoin assets. #Update #Crypto $BTC
Bitcoin DeFi Seeks $50 Million for 2030 Vision
@Input Output Global requests $46.8 million for 2026, halving its treasury ask to pivot towards third-party development and focus on Bitcoin DeFi and scaling for Vision 2030. #Update #Crypto $ADA
USDC Freeze Sparks Scrutiny Over Wallets
@Circle faces scrutiny for inconsistently applying its USDC freeze powers, allegedly slow in responding to thefts over $420M while quickly blocking 16 wallets in a civil matter. #Update #Crypto $USDC