Author: Simran Mishra

DeFi Hack Shock! Verus Bridge Exploit Drains $11.58M as May Losses Cross $30M: Crypto Hacks Keep Rising with Weak Blockchain Security The number of DeFi hack cases increased again in May 2026. A new DeFi exploit hit the Verus Ethereum Bridge, triggering a loss of about $11.58 million. This attack added more pressure to a month already facing several crypto hacks. Blockchain security firms quickly shared alerts about the attack. They noticed unusual activity on the bridge and warned users. Experts tracked the attacker’s wallet and discovered how the funds moved after the hack. Attackers Swapped Funds Into ETH Reports…

CLARITY Act Advances With SEC-CFTC Split Plan, Developer Protections Spark Debate Before Full Senate Vote The CLARITY Act has moved one step closer to finally becoming a law in the United States. The bill passed an important Senate committee vote and now heads to the full Senate. The Senate Banking Committee approved the CLARITY Act with a 15-9 vote. A few Democrats supported Republicans after many months of talks. Lawmakers, banks, and crypto companies all took part in these discussions. Clear Rules for Crypto Market The bill aims to establish simple, clear rules for digital assets. Right now, there is…

Binance Launches Verified WhatsApp Channel in India to Share Daily Crypto Updates, Safety Alerts, and Web3 Basics Binance has started its official WhatsApp channel in India. The company plans on providing simple and trusted crypto updates and Web3 education to users. This step focuses on reaching more people in India’s growing digital market. Interest in crypto and blockchain is rising fast in India. Many people want to learn but often find the topic difficult. Binance plans to make things easier through WhatsApp, which people use every day. This helps users get information in a quick and simple way. Easy Crypto…

Clarity Act Advances as Senate Backs CFTC Oversight, Mandates User Fund Safety and Limits Stablecoin Rewards The Clarity Act has taken a big step forward after a key Senate vote. The Senate Banking Committee approved the crypto market bill after months of delay. This move has brought new hope for clear digital asset regulation in the United States. The Senate vote showed support from both parties. Lawmakers now plan to send the Clarity Act to the full Senate for the next stage. More discussions and changes may happen before a final decision. Clarity Act Focuses on Crypto Rules The Clarity…

The CLARITY Act Now Protects Blockchain Developers: No Money Transmitter Rules if No User Funds are Handled – Strong Boost for DeFi Growth The CLARITY Act aims to establish clear rules in the US, separating which digital assets are securities and which are commodities. It now includes the Blockchain Regulatory Certainty Act. This change focuses on protecting blockchain developers and related workers. The US House of Representatives passed the bill with strong support. The vote was 294 in favor and 134 against. The bill aims to create clear rules for the crypto industry. It also aims to reduce confusion in…

XRP Security Status is Under the Spotlight Again as CLARITY Act Section 105 Heads for a Senate Vote: Big Moment for Crypto Rules Ahead The XRP security status is once again in focus as the CLARITY Act moves closer to a key Senate step. Section 105 of the draft bill now drives fresh discussion in the crypto market. Supporters now believe that the Section 105 could help XRP as it says that if a court already decided a digital asset is not a security, regulators may not change that decision later. This point has drawn strong attention among investors. Section…

CFTC Warns State Crackdowns Could Disrupt National Markets as Kalshi Fights Ohio Ban in Court The Commodity Futures Trading Commission has supported Kalshi in a legal fight with the state of Ohio. The case focuses on who controls prediction markets in the United States. The CFTC filed a note in the Sixth Circuit Court of Appeals. It asked the court to confirm that federal law gives it control over event contracts. The agency said Ohio has gone beyond its powers. Ohio Calls Sports Contracts Illegal Gambling Ohio officials earlier told Kalshi to stop offering sports event contracts. They called these…

Sudden Crypto Sell-Off Triggers $125M Liquidations as Long Traders Lose Over 80% Positions Across Major Coins The crypto futures liquidations crossed $125 million in the last 24 hours. The market saw a sudden drop in prices, this move forced many traders to close positions. Most of the losses came from long traders. Bitcoin saw the highest Bitcoin liquidation. Around $58.02 million got wiped out, about 77% of these were long positions. This shows many traders expected prices to rise. Heavy Losses in Major Cryptos Ethereum followed with $56.52 million in Ethereum liquidation. Long positions made up more than 86%. This…

ED Arrests 3 in a Major Cryptocurrency PMLA Case Linked to a Bitcoin Scam & Money Laundering Trail: Bengaluru Probe Deepens The cryptocurrency PMLA case has taken a sharp turn after fresh action by the Enforcement Directorate. The agency arrested 3 accused in Bengaluru and pushed the probe deeper into a complex web of crypto fraud and money laundering. Officials confirmed the arrest of Srikrishna Ramesh, known as Sriki, along with Robin Khandelwal and Sunish Hegde. The agency nabbed them on May 8 under the Prevention of Money Laundering Act. A Bengaluru court later sent all three to ten days…

India’s Crypto Policy in Limbo as Startups Exit, Investors Face Risk and Global Rules Push Urgent Action India’s crypto regulation stands at a critical crossroads. Global developments now challenge the long-standing wait-and-watch crypto policy. The United States has moved closer to a structured legal framework for digital assets. This shift could reshape global standards and push India toward faster action. India has taken a cautious path so far. The government taxes crypto gains at 30%. A 1% TDS applies to every trade. Still, no clear law exists for digital assets. This creates confusion in the market. Crypto Startups Face Uncertainty…