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Crypto News

Crypto Analytics Firm Elliptic Secures $120M Investment from Major Financial Institutions
ByBlock Digest May 13, 2026

Elliptic, a leading blockchain analytics company, has successfully closed a $120 million funding round with participation from major traditional finance players including Nasdaq and Deutsche Bank. The substantial investment signals growing institutional confidence in crypto infrastructure as digital assets become increasingly mainstream. CEO Simone Maini announced that the fresh capital will fuel the development of…

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Crypto News

Franklin Templeton Partners with Kraken’s Parent Company for Blockchain Investment Solutions
ByBlock Digest May 13, 2026

Payward, the parent organization behind cryptocurrency exchange Kraken, has joined forces with asset management giant Franklin Templeton to create blockchain-based investment vehicles. The collaboration represents a significant bridge between traditional finance and digital assets, combining Franklin Templeton’s decades of investment expertise with Kraken’s cryptocurrency infrastructure capabilities. The partnership will concentrate on three core areas: tokenized…

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Crypto News

XRP Exchange-Traded Funds See Strongest Daily Performance in Four Months
ByBlock Digest May 13, 2026

United States-based exchange-traded funds tracking XRP recorded their most substantial single-day capital influx in over four months this Monday, signaling renewed investor appetite for the digital asset. The five spot XRP investment vehicles collectively accumulated $25.8 million in net inflows, marking the highest daily figure since early January when these products were gaining initial traction…

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Crypto News

JPMorgan Expands Blockchain Fund Offerings Amid Intensifying Competition
ByBlock Digest May 13, 2026

Wall Street’s tokenization momentum continues as JPMorgan Chase submits paperwork to introduce an additional blockchain-based investment fund. The move comes mere days after asset management leader BlackRock unveiled its own tokenized product expansion, signaling accelerating adoption of distributed ledger technology among traditional financial institutions. JPMorgan’s decision to broaden its tokenized money market portfolio reflects growing…

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Altcoin Roundup

Altcoin Daily Analysis — May 12, 2026
ByBlock Digest May 12, 2026

Altcoin Daily Roundup – May 12, 2026 LTC/USDT 1-Hour Chart — Block Digest LTC/USDT 4-Hour Chart — Block Digest LTC/USDT Daily Chart — Block Digest Market Context The altcoin market is exhibiting mixed signals with Bitcoin dominance holding at 54.76-54.78% across timeframes, suggesting a relatively neutral environment for altcoin performance. USDT dominance at 6.82% indicates…

Read More Altcoin Daily Analysis — May 12, 2026
Crypto News

Ronin Network Plans Major Shift to Ethereum Layer 2 Infrastructure
ByBlock Digest May 12, 2026

Ronin, the blockchain network behind popular gaming ecosystems, has announced plans to migrate from its current independent sidechain architecture to become an Ethereum layer 2 solution. The transition represents a fundamental restructuring of the network’s technical foundation, aiming to address three critical areas: security enhancements, improved token economics, and greater scalability for users and developers….

Read More Ronin Network Plans Major Shift to Ethereum Layer 2 Infrastructure
Crypto News

Bitmine Dramatically Reduces ETH Acquisition Rate Despite Accumulating 1M Tokens in 2026
ByBlock Digest May 12, 2026

Tom Lee’s crypto investment firm Bitmine has significantly scaled back its ethereum purchasing activity, acquiring approximately 26,000 ETH over the past week according to recent data. This marks a substantial 74% decrease from the company’s previous weekly average of 100,000 tokens, signaling a potential shift in accumulation strategy. The slowdown comes after an aggressive buying…

Read More Bitmine Dramatically Reduces ETH Acquisition Rate Despite Accumulating 1M Tokens in 2026
Crypto News

Weekend Crypto Winners: SUI Leads Rally with Double-Digit Gains
ByBlock Digest May 12, 2026

The cryptocurrency markets saw notable movement over the weekend, with Sui blockchain’s native token emerging as the standout performer among major digital assets. SUI recorded an impressive 25% price increase from Friday through the weekend trading sessions, positioning it at the top of the performance charts for established cryptocurrencies. The rally demonstrates renewed investor interest…

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Crypto News

Circle Places Major Wager on Arc Blockchain as Future Infrastructure for Traditional Finance
ByBlock Digest May 12, 2026

Circle, the company behind the widely-used USDC stablecoin, is making a substantial investment in Arc, a blockchain platform valued at $3 billion that the payments giant believes could revolutionize how Wall Street handles transactions. The firm envisions Arc serving as the backbone infrastructure for both payment processing and the tokenization of traditional financial assets across…

Read More Circle Places Major Wager on Arc Blockchain as Future Infrastructure for Traditional Finance
Altcoin Roundup

Altcoin Daily Analysis — May 11, 2026
ByBlock Digest May 11, 2026

Altcoin Daily Roundup – May 11, 2026 LTC/USDT 1-Hour Chart — Block Digest LTC/USDT 4-Hour Chart — Block Digest LTC/USDT Daily Chart — Block Digest Market Context The altcoin market is displaying mixed momentum as Bitcoin dominance hovers at 54.50%, maintaining a relatively neutral stance that neither significantly favors nor pressures altcoins. USDT dominance at…

Read More Altcoin Daily Analysis — May 11, 2026
Crypto News

Trump Media Reports Over $400M Loss Amid Cryptocurrency Investment Downturn
ByBlock Digest May 11, 2026

Trump Media has disclosed a staggering quarterly net loss exceeding $405 million, with the bulk of losses stemming from poorly timed cryptocurrency investments. The media company’s financial struggles are primarily attributed to unrealized losses on Bitcoin holdings purchased during last summer’s market peak, when prices were significantly higher than current levels. Additionally, the firm suffered…

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Crypto News

DeFi Protocols Distribute Nearly $100M to Token Holders as Revenue Focus Intensifies
ByBlock Digest May 11, 2026

In a significant shift toward sustainable tokenomics, three emerging decentralized finance platforms have collectively paid out $96 million to their token holders over a single month. Hyperliquid, EdgeX, and Pump.fun led this distribution wave, signaling a maturation in how cryptocurrency projects reward their communities. This development reflects a broader industry transition away from measuring success…

Read More DeFi Protocols Distribute Nearly $100M to Token Holders as Revenue Focus Intensifies