Invest ideasNews
22 May 2026, 15:09
THORChain network restart goes to the polls as node operators vote on ADR028
THORChain has opened a governance vote for node operators on its path to restarting operations after the May 15 exploit that drained approximately $10.7 million from a single vault. The proposal, which was called ADR-028 lays out how the network would absorb losses and resume operations. Which vulnerabilities led to the THORChain exploit? A malicious actor had reportedly joined the network as a node operator two days before the attack. They then went on to exploit a flaw in THORChain’s GG20 threshold signature scheme (TSS), a cryptographic system that distributes vault key control across multiple independent nodes so no single operator ever holds the full private key. Only one out of five vaults was affected, with security firm PeckShieldAlert estimating the haul at roughly $10 million, which was split between 36.75 BTC (around $3 million at the time) and approximately $7 million in assets across Ethereum, BNB Chain, and Base. THORChain’s own post-incident analysis put the figure at $10.7 million. The protocol stated that the attack was spotted within minutes and chain-level trading halts were triggered with node operators staking manual pauses through its governance system, leading to total lockdown of the network within roughly two hours of the alarm. RUNE, THORChain’s native token, dropped more than 21% in the days following the breach. It currently trades around $0.44 according to CoinMarketCap data . What does ADR-028 propose? ADR-028 was published by THORChain on GitLab with a vote opening for node operators. The protocol’s post on X stated the recovery plan would have THORChain “absorb the loss first through Protocol-Owned Liquidity,” adding that the rest of the loss would be spread across synth holders. This means that the protocol-owned liquidity will be reduced to zero, and THORChain states that “the ADR proposes to redirect a portion of system income to replenish it over time.” It stated that GG20 has been patched and upgraded, adding that nodes that are not linked to the attacker but affected by it due to being in the same vault would not be slashed. It also proposes that the attacker be offered 10% of the bounty to return the funds. On GitLab, a commenter using the handle gave their feedback on the proposal, raising two points. One of them was to strip the attacker bounty section from the ADR, stating that it should be handled through forensics and law enforcement. The second point pushed for a permanent allocation of system revenue toward external security audits, adversarial review of the TSS layer, and a funded bug bounty program with release gates tied to it. “As written, the plan rebuilds one vault’s liquidity but does not yet fund anything against recurrence,” the commenter wrote on the GitLab snippet. “Worth fixing the cause alongside the balance sheet.” The attacker’s trail Blockchain analytics firm Chainalysis published on-chain evidence on May 16 connecting the attacker to wallets that were funded weeks before the theft. The firm traced the attacker’s movements through Monero, Hyperliquid, and THORChain itself. One wallet deposited XMR through a Hyperliquid-Monero privacy bridge in late April, swapped the resulting position for USDC, then withdrew to Arbitrum and bridged to Ethereum. An intermediary then forwarded 8 ETH into the attacker’s receiving wallet just 43 minutes before stolen funds arrived, per Chainalysis. What will happen to THORChain now? The node operator’s vote on ADR-028 will determine whether THORChain restarts under the proposed recovery framework or requires further revisions. THORChain had already identified a more modern signature scheme called DKLS as its long-term replacement for GG20 and had engaged Silence Labs in November 2025 to build a custom implementation, with delivery targeted for Q1 or Q2 2026, according to the exploit report. If you're reading this, you’re already ahead. Stay there with our newsletter .
22 May 2026, 15:04
Polymarket Suffers $700K Breach After Internal Admin Wallet is Compromised
Blockchain investigator ZachXBT first pointed to a possible hack, indicating that $520K were drained so far. Polymarket acknowledged the security event and stressed that it was taking action after the compromise of an alleged private key, explaining that user funds were safe. Polymarket Faces Security Event: No User Funds Affected Polymarket, one of the largest
22 May 2026, 14:45
Bitwise Hyperliquid ETF Surpasses $30.5M AUM Within Five Trading Days
BitcoinWorld Bitwise Hyperliquid ETF Surpasses $30.5M AUM Within Five Trading Days Bitwise Asset Management has announced that its spot Hyperliquid (HYPE) exchange-traded fund, trading under the ticker BHYP, has accumulated over $30.5 million in assets under management (AUM) within just five days of its market debut. The fund, which provides direct exposure to the Hyperliquid ecosystem, has seen cumulative net inflows of $26.9 million during this initial period. Rapid Market Adoption and Trading Volume The BHYP ETF has recorded an average daily trading volume of $9.2 million since its launch, signaling strong investor interest in Hyperliquid-focused products. This rapid accumulation of AUM places the fund among the faster-growing crypto ETF launches in recent months. Bitwise disclosed the figures via its official X account, providing a transparent view of the fund’s early performance metrics. Bitwise’s Unique Fee Structure and Corporate Strategy In a move that differentiates the fund from many competitors, Bitwise has committed to converting 10% of the management fees generated by BHYP into HYPE tokens. These tokens will be held as a corporate asset on Bitwise’s balance sheet. This strategy aligns the firm’s financial interests with the long-term performance of the Hyperliquid network, potentially appealing to investors seeking products with a strong alignment between fund managers and asset performance. Implications for the Crypto ETF Market The strong early inflows into BHYP suggest a growing appetite for specialized, single-asset crypto ETFs beyond the major cryptocurrencies like Bitcoin and Ethereum. Hyperliquid, a decentralized exchange and Layer-1 blockchain known for its high-speed trading capabilities, has attracted a dedicated user base. The ETF’s performance may encourage other asset managers to launch similar products for emerging blockchain ecosystems, potentially broadening the range of digital asset investment vehicles available to traditional investors. Conclusion Bitwise’s BHYP ETF has demonstrated significant early momentum, with $30.5 million in AUM and $26.9 million in net inflows within its first five trading days. The fund’s strong trading volume and unique fee-conversion strategy highlight a maturing market for crypto ETFs that offer targeted exposure to specific blockchain networks. Investors and market observers will be watching closely to see if this growth trajectory continues in the coming weeks. FAQs Q1: What is the Bitwise HYPE ETF (BHYP)? A: BHYP is a spot exchange-traded fund that provides direct exposure to Hyperliquid (HYPE), a decentralized exchange and Layer-1 blockchain. It trades on traditional stock exchanges, allowing investors to gain exposure to HYPE without directly holding the cryptocurrency. Q2: How much has the BHYP ETF grown since launch? A: Within five trading days, the fund reached $30.5 million in AUM, with cumulative net inflows of $26.9 million and an average daily trading volume of $9.2 million. Q3: What is Bitwise’s fee conversion strategy? A: Bitwise has committed to converting 10% of the management fees generated by the BHYP ETF into HYPE tokens, which will be held as a corporate asset on the firm’s balance sheet. This aligns Bitwise’s interests with the long-term performance of the Hyperliquid network. This post Bitwise Hyperliquid ETF Surpasses $30.5M AUM Within Five Trading Days first appeared on BitcoinWorld .
22 May 2026, 14:01
NEAR Jumps 30% as $36M Bitwise ETP Adds Weight to AI Token Thesis
The NEAR token jumped 30% to an intraday high of $2.25, marking a 70% increase since the start of May and briefly pushing its market capitalization past $2.9 billion. NEAR Token Surges Past $2 NEAR, the token of the artificial intelligence-native protocol Near, surged on Friday as it crossed the $2 threshold for the first
22 May 2026, 13:46
How to Bet on Sports With Crypto Without Getting Burned
Traditional sportsbooks still rely heavily on banks, cards, and payment processors that can freeze transactions, block gambling deposits, or slow withdrawals for days. Crypto betting removes much of that friction. Users can fund accounts in minutes, move money globally, and in many cases avoid handing over passports or bank details. But crypto betting also inherits the worst parts of both industries. Online gambling already struggles with murky operators and aggressive bonus schemes. Crypto adds wallet security risks, fake apps, anonymous ownership structures, and offshore platforms that can disappear overnight. The difference between a functional sportsbook and a scam often becomes clear only when someone tries to withdraw money. Here’s how crypto sports betting works in 2026, the terms beginners need to understand, the risks most platforms downplay, and which sportsbooks currently offer the most credible experience. What is Crypto Sports Betting At its simplest, crypto sports betting replaces fiat payment rails with cryptocurrencies. Instead of depositing through Visa or PayPal, users fund sportsbook accounts with assets like Bitcoin, Ethereum, or USDT. Most modern platforms automatically convert those deposits into betting balances. The process usually looks like this: Create an account or connect a crypto wallet Deposit cryptocurrency Place bets on sports or esports Withdraw winnings back to a wallet Most major crypto sportsbooks now cover the same events as traditional operators: Football NBA UFC Tennis Formula 1 Esports International tournaments like the 2026 FIFA World Cup The biggest operational difference is identity verification. Traditional betting companies increasingly operate under strict compliance rules that require users to upload IDs, proof of address, and sometimes source-of-funds documentation. Crypto-native sportsbooks often market themselves around “no-KYC” access, allowing users to bet with little or no verification. That convenience became one of the sector’s main growth drivers. It also created one of its biggest risks. The Vocabulary Every Beginner Runs Into Odds Odds determine both probability and payout. If a sportsbook offers decimal odds of 2.00, a successful $100 wager returns $200 total, including the original stake. Crypto sportsbooks usually support three formats: Decimal odds American odds Fractional odds Decimal remains the easiest system for new bettors because the math is straightforward. Bankroll A bankroll is the amount of money reserved specifically for betting. This sounds simple, but bankroll management is where most inexperienced bettors fail. Chasing losses during live matches or increasing stake sizes emotionally can wipe out balances quickly, especially in volatile crypto markets. Live Betting Live betting allows wagers after a game has already started. Crypto sportsbooks benefited heavily from this shift because blockchain deposits can settle faster than traditional banking systems. During major events, bettors often move funds between sportsbooks in real time looking for better odds. Cash Out Cash Out allows users to settle bets before the event ends. If a football team leads late in a match, sportsbooks may offer partial profit early instead of forcing bettors to wait for the final whistle. The feature became standard across both traditional and crypto sportsbooks because it increases betting activity during live events. Stablecoins Stablecoins like USDT became central to crypto betting for one reason: volatility. Winning a bet in Bitcoin sounds appealing until BTC drops 10% before withdrawal. Many regular bettors now keep gambling balances in stablecoins to avoid turning sports wagers into accidental crypto trades. No-KYC Betting KYC stands for “Know Your Customer,” the identity verification process required by regulated gambling operators. No-KYC sportsbooks reduce or bypass those checks entirely. For users, that means: Faster onboarding More privacy Fewer banking restrictions Quicker withdrawals But there’s a catch. Some platforms advertise anonymous betting during deposits, then suddenly require identity documents during withdrawals. That bait-and-switch remains one of the most common complaints in crypto gambling. The Risks Crypto Sportsbooks Don’t Like Advertising Fake Sportsbooks Still Flood the Market Crypto gambling remains one of the easiest industries for bad actors to enter. Launching a polished sportsbook website is cheap. Building trust is harder. Some operators run normally for months before freezing withdrawals. Others manipulate bonus terms or quietly disappear after attracting enough deposits. The problem worsens during large sporting events like the World Cup or Super Bowl, when fake betting apps and cloned websites spread aggressively across Telegram, X, and Discord. Before depositing funds, experienced bettors usually check: Licensing information Withdrawal reputation Public complaints Security audits Ownership transparency Even then, offshore sportsbooks remain difficult to hold accountable legally. Withdrawal Rules Often Matter More Than Odds Many users focus entirely on signup bonuses or betting markets while ignoring withdrawal policies. That’s usually a mistake. Some sportsbooks advertise anonymous betting but enforce mandatory KYC once balances exceed certain thresholds. Others apply withdrawal delays tied to bonus usage or “security reviews.” The result is predictable: users discover restrictions only after winning. Reading withdrawal policies before depositing matters more than almost any promotion. Crypto Volatility Changes the Math Traditional sportsbooks expose users to betting risk. Crypto sportsbooks add currency risk on top. A bettor might win a wager but still lose value if the underlying cryptocurrency falls sharply before withdrawal. Stablecoins partially solved this issue, which explains why USDT became one of the dominant assets across crypto gambling platforms. Bonus Systems Can Become Traps The largest sportsbook bonuses often come with the least practical value. Aggressive rollover requirements may require users to wager bonuses dozens of times before withdrawals unlock. Some promotions exclude specific betting markets entirely. The headline numbers rarely tell the full story. Bettors Are Prime Targets for Scams Crypto gamblers hold transferable digital assets and often move money quickly during live events. That makes them attractive phishing targets. Fake sportsbook apps, wallet drainers, and cloned login pages remain common across the industry. Basic security still matters: Enable two-factor authentication Avoid unofficial apps Use hardware wallets for large balances Never share seed phrases Why Blockchain Transparency Actually Matters Traditional sportsbooks operate largely behind closed systems. Users trust the platform to process payouts correctly, maintain reserves, and settle wagers honestly. Crypto-native sportsbooks introduced more transparent mechanics, including: On-chain transaction tracking Public betting records Provably fair systems Visible payout histories Provably fair systems use cryptographic verification methods that allow users to independently validate outcomes. Not every sportsbook implements those systems meaningfully. But when done properly, blockchain transparency reduces reliance on blind trust. That became one of crypto gambling’s strongest arguments against traditional operators. The Best Crypto Sportsbooks for Beginners Dexsport Dexsport currently offers one of the more balanced entry points for beginners because it combines no-KYC access with visible infrastructure and relatively broad blockchain support. Feature Dexsport KYC No KYC required Coins Supported 40+ cryptocurrencies Networks 20 blockchains Betting Features Live betting, Cash Out, esports License Anjouan Audits CertiK, Pessimistic Casino Games 10,000+ Users can register through a crypto wallet or Telegram without mandatory identity verification. The platform covers football, MMA, basketball, tennis, esports, and live betting markets with more than 100 betting options on major matches. Dexsport also leans more heavily into crypto-native mechanics than many competitors, including: Public betting desk visibility Multi-chain wallet support Stablecoin cashback Live Cash Out Turbo Combos The interface feels less dated than many older crypto sportsbooks, which matters for newer users navigating live betting for the first time. Cloudbet Cloudbet has operated since 2013, making it one of the oldest surviving crypto sportsbooks. That longevity still carries weight in a market where platforms disappear regularly. Its strengths include: High betting limits Deep football coverage Strong esports markets Automated withdrawals 30+ supported cryptocurrencies The platform is more tailored toward experienced bettors, and KYC checks may still appear during withdrawals. Thunderpick Thunderpick built much of its reputation around esports. The sportsbook focuses heavily on: Counter-Strike 2 Dota 2 Valorant Live esports betting Its onboarding process remains relatively straightforward compared to larger sportsbooks. BetPanda BetPanda targets casual users looking for a simpler betting experience. The platform emphasizes: Anonymous registration Fast crypto deposits Weekly cashback Lightweight interface design Its sportsbook depth is smaller than larger competitors, but that simplicity may appeal to first-time users. Vave Vave combines casino gaming with sportsbook functionality and aggressive live betting coverage. Its strengths include: Large football market coverage 300+ betting options on major matches Fast crypto transactions Strong mobile experience Its bonus structure, however, comes with relatively heavy wagering requirements. Regulated Sportsbooks vs. No-KYC Platforms The divide between traditional sportsbooks and crypto-native operators comes down to tradeoffs. Type Advantages Drawbacks Regulated sportsbooks Stronger consumer protections, mainstream oversight Mandatory KYC, slower onboarding No-KYC crypto sportsbooks Faster access, more privacy, quicker withdrawals Platform quality varies significantly Crypto sportsbooks like Dexsport prioritize speed and flexibility instead. For most users, the safest middle ground is choosing licensed crypto operators with transparent policies rather than fully anonymous platforms with unclear ownership. Betting Gets Easier Faster Than It Gets Safer The mechanics of crypto sports betting are no longer complicated. Wallet integration improved. Stablecoins reduced volatility. Live betting infrastructure became faster. Sportsbooks now look closer to mainstream consumer apps than the rough offshore Bitcoin casinos that dominated the early market. The best sportsbooks tend to share the same traits: Transparent licensing Reliable withdrawals Audited systems Clear bonus conditions Public operational history Dexsport currently stands out because it combines many of those elements while remaining genuinely crypto-native, particularly around multi-chain support, no-KYC onboarding, and transparent betting infrastructure. But even the best platform doesn’t remove the core reality of gambling. During major sports events sportsbooks offer nonstop betting opportunities. The platforms are designed to keep users engaged continuously. Disclaimer: This article is for informational purposes only and does not constitute legal, financial, investment, or tax advice.
22 May 2026, 13:38
Top Web3 Sportsbooks for Football Betting in 2026
Football betting has become one of the strongest use cases for Web3 gambling platforms. Traditional sportsbooks still dominate regulated markets, but crypto-native operators are attracting bettors who prioritize faster payouts, lower friction, privacy, and direct wallet access. The difference is structural. Conventional sportsbooks rely on banking systems, regional payment rails, and identity verification procedures. Web3 sportsbooks are built around blockchain payments, stablecoins, and decentralized infrastructure. Deposits settle faster, withdrawals often process automatically, and users can access betting markets globally using crypto wallets. That matters even more in 2026. Football betting activity continues expanding across major competitions including the FIFA World Cup 2026, UEFA Champions League, Premier League, Copa Libertadores, and international qualifiers. Live betting volume has surged alongside mobile crypto adoption, especially among users looking for instant payouts and reduced KYC friction. This list ranks the best Web3 sportsbooks for football betting in 2026 based on: Football market depth Crypto infrastructure Payout speed No-KYC accessibility Live betting quality Bonuses and rewards Overall reliability 1. Dexsport Dexsport has become one of the strongest Web3 sportsbooks for football betting because the platform is built around crypto infrastructure from the ground up rather than adapting fiat sportsbook architecture. The sportsbook combines decentralized betting mechanics with a full football-focused market structure, offering: 100+ betting markets per football match Live betting and Cash Out Football streaming access Multi-chain crypto payments Public on-chain betting transparency No-KYC registration Users can sign up instantly using MetaMask, Trust Wallet, Telegram, or email without identity verification. The platform supports more than 38 cryptocurrencies across 20 blockchain networks including BTC, ETH, USDT, BNB, and TRON. Football is clearly one of Dexsport’s core verticals. Instead of overwhelming users with obscure markets, the sportsbook focuses on deep coverage for high-demand events. Premier League, Champions League, FIFA qualifiers, La Liga, Serie A, Bundesliga, and international tournaments all receive strong live market support. Another major differentiator is transparency. Dexsport operates a public live betting desk where users can track wagers and outcomes in real time. That type of visibility remains rare in crypto gambling. The platform is licensed by the Government of the Autonomous Island of Anjouan and audited by CertiK and Pessimistic. For football bettors, Dexsport also offers: 480% bonus across first three deposits up to $10,000 300 free spins Weekly cashback up to 15% Sports Club monthly rewards Fast stablecoin withdrawals Dexsport currently offers one of the most complete combinations of football betting depth, crypto-native infrastructure, anonymity, and real-time transparency in the Web3 betting sector. 2. Lucky Block Lucky Block combines sportsbook betting, casino gaming, and esports inside a crypto-first ecosystem centered around the $LBLOCK token. The platform performs especially well for football bettors looking for broad market coverage and aggressive promotional campaigns. Key football betting features include: Coverage of 35–50+ sports Extensive football betting slips Live betting Near-instant crypto payouts WalletConnect support No-KYC access for standard play Lucky Block supports BTC, ETH, BCH, DOGE, LTC, SOL, BNB, XRP, and USDT. The sportsbook interface is sleek and optimized for mobile users, which works well for in-play football betting sessions. The welcome package is also among the largest in the market, offering up to €25,000 plus free spins. One weakness is that some users have reported frozen withdrawal cases during larger cashouts. 3. Mega Dice Mega Dice has rapidly expanded from a crypto casino brand into a more complete sportsbook ecosystem. Football coverage is growing steadily, particularly for live betting and international tournaments. The platform supports more than 15 cryptocurrencies including BTC, ETH, USDT, LTC, ADA, TRX, and SHIB. Football bettors gain access to: Live betting markets Mainstream football leagues Esports integration WalletConnect registration No-KYC access Weekly tournaments and mystery drops Mega Dice is particularly attractive for casual crypto bettors because of its fast onboarding process and large rewards ecosystem. The sportsbook still trails more mature operators in football market depth, especially for lower divisions and advanced prop markets. 4. Betplay Betplay stands out because of its Lightning Network integration, which allows extremely fast Bitcoin transactions for active football bettors. The sportsbook covers more than 40 sports with strong football market support, including: Correct score betting Handicap markets Futures Live betting Multi-bets Esports wagering Betplay supports BTC, ETH, USDT, and additional cryptocurrencies. The platform combines sportsbook betting with casino gaming and poker under one account, making it attractive for bettors who rotate between football wagering and casino play. Additional features include: Daily rakeback Weekly cashback VIP rewards No-KYC onboarding for standard use The biggest concern is regulatory oversight. Betplay operates without a major traditional gambling license and has received some criticism related to support responsiveness. 5. BC.Game BC.Game has become one of the most recognizable crypto gambling brands globally. While the platform originally built its reputation around casino gaming, its sportsbook has expanded significantly in recent years. The sportsbook supports: Football live betting Major league coverage Crypto deposits across multiple blockchains Crash games and casino integration Large bonus ecosystem Provably fair gaming infrastructure BC.Game is particularly popular among users seeking an all-in-one crypto gambling environment with aggressive promotions and token-based rewards. The platform supports a broad range of cryptocurrencies and generally processes withdrawals quickly, though withdrawal speed can vary depending on network congestion and account activity. Football coverage is strongest for major leagues and international tournaments rather than smaller domestic competitions. Best Web3 Sportsbooks for Football Betting in 2026 Compared Sportsbook KYC Football Markets Crypto Support Key Advantage Dexsport No 100+ per match 38+ coins / 20 networks Transparency + deep football coverage Lucky Block Minimal Strong Multi-crypto Large bonuses Mega Dice No Moderate 15+ coins Fast onboarding Betplay Minimal Strong BTC Lightning + crypto Fast BTC payouts BC.Game Minimal Strong major leagues Broad support Large crypto ecosystem Why Football Bettors Are Moving Toward Web3 Platforms Several long-term trends are driving adoption: Faster Payouts Crypto withdrawals often settle within minutes instead of days. Reduced Geographic Restrictions Many Web3 sportsbooks are accessible globally. Stablecoin Betting USDT betting reduces volatility while preserving blockchain speed. Lower Friction Wallet-based registration removes lengthy onboarding procedures. Live Betting Compatibility Fast deposits and withdrawals fit the pace of live football betting. What to Watch Before Using a Web3 Sportsbook Not every crypto sportsbook offers the same level of reliability. Before depositing funds, football bettors should check: Licensing status Audit history Withdrawal policies Live betting stability Market depth KYC triggers during withdrawals Reputation during major tournaments The strongest Web3 sportsbooks increasingly combine decentralization features with traditional operational standards such as licensing, audits, and transparent payout systems. Final Thoughts Football betting is becoming one of the defining sectors of Web3 gambling. The combination of live sports, crypto payments, and mobile-first betting behavior aligns naturally with blockchain infrastructure. Among current platforms, Dexsport offers one of the most complete football-focused ecosystems available in 2026. Its combination of deep football markets, multi-chain support, no-KYC onboarding, public bet tracking, and stablecoin cashback creates a stronger overall package than most crypto-native competitors. Lucky Block, Mega Dice, Betplay, and BC.Game each bring different strengths depending on whether bettors prioritize bonuses, payout speed, or casino integration. The broader trend is clear: Web3 sportsbooks are no longer niche alternatives. They are becoming a core part of global football betting infrastructure. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
