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16 May 2026, 11:48
Solana faces critical $81.30 support after 89 to 96 dollar drop
🚨 $SOL fell from 96 dollars to near 89 dollars. Major support at 81.30 dollars is now under intense watch. Continue Reading: Solana faces critical $81.30 support after 89 to 96 dollar drop The post Solana faces critical $81.30 support after 89 to 96 dollar drop appeared first on COINTURK NEWS .
16 May 2026, 11:47
Ripple Conducts Over 32 Million RLUSD Burn on Ethereum
Ripple has completed a total burn of 32,075,051 RLUSD tokens on the Ethereum blockchain, over the last 24 hours, potentially boosting its demand in the market.
16 May 2026, 11:31
Cardano Holds Long-Term Support as Whales Control 67% of ADA Supply, Hinting at Bigger Move Ahead
Cardano (ADA) is currently showing a structure that has traders watching closely. Community figure Evans noted that ADA is still holding the same key support zone it defended during the previous bear market cycle. Visit Website
16 May 2026, 11:30
XRP beat bitcoin gains as CLARITY Act advanced, but a real bullrun still needs Congress
The token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products.
16 May 2026, 11:28
Will BNB Price Rally to $1,000 Amid Grayscale ETF Filing Update?
BNB price traded near $660 after briefly moving above $690 earlier this week. The token has recovered from April lows near $580, while traders watch whether the price can clear the $680 neckline. Grayscale’s second amendment to its spot BNB ETF S-1 filing has added a fresh regulatory angle to the market outlook. Meanwhile, a long-term chart shared by CryptoPatel points to a broad bullish setup, with $500 marked as a high-demand accumulation zone. Grayscale Filing Adds ETF Focus to BNB Grayscale Investments has filed a second amendment to its S-1 registration statement for a spot BNB exchange-traded fund with the U.S. Securities and Exchange Commission. The update indicates that the asset manager is still pursuing a regulated product directly tied to Binance’s native token. The filing follows the approval of spot Bitcoin and Ethereum ETFs in 2024. That earlier approval opened the door for wider crypto ETF demand, although BNB faces a different review path. The SEC’s past legal position on Binance and BNB may keep the approval process more complex. A spot BNB ETF would give investors exposure to the token without directly buying or storing it and could also support market liquidity if approved. However, the filing remains under review, and approval has not been confirmed. Grayscale’s amendment aims to address issues such as custody, surveillance sharing, and market-manipulation controls. These areas remain central to SEC reviews of spot crypto ETF products. BNB Price Tests Key Breakout Zone BNB price recently traded around $687, near the $690 neckline area watched by technical analysts. A move above this range would place the token closer to the psychological $700 level. It would also strengthen the bullish double bottom structure forming on the daily chart. BNB crypto has formed two major lows near the $580 support area over recent months. This pattern often draws attention when the price returns to the neckline resistance. If buyers confirm a breakout, analysts are watching the $780 range as the next measured target. Momentum data also supports the current recovery. The token has been trading above the Supertrend area near $627, while higher lows show buyers have remained active during pullbacks. The MACD has also shown a bullish crossover, with expanding green histogram bars. However, the setup still depends on support holding. A failure near the neckline may send BNB price back toward $650, then $627 or $600. Those levels previously attracted buyers, yet a deeper break would weaken the near-term bullish structure. Long-Term Chart Points to Higher Targets CryptoPatel’s long-term BNB chart shows a broader structure that stretches across several market cycles. The chart marks a support zone near the current range and shows larger upside targets at $2,112, $5,000, and $12,000. It also identifies a final support area below the market near $300–$500. The chart suggests that BNB crypto has already moved through several steep corrections in past cycles. CryptoPatel noted that BNB fell 83% in 2018, 83% in 2020, and 73% in 2022. The same post also stated that BNB remains up about 169,100% from listing over eight years. The long-term setup frames the $500–$300 range as a high-demand zone rather than a breakdown area. That view aligns with the chart’s accumulation label around the lower support region. Still, the $10,000 target would require a major multi-year expansion, not only a short-term breakout. BNB Price 2-Week Chart | Source: X For that reason, the filing adds institutional attention, while the chart shows where long-term traders may be watching structure. Derivatives and Ecosystem Activity Derivatives data has also turned more constructive. CoinGlass data showed rising open interest and positive funding rates in recent sessions. That suggests traders have been adding long exposure as BNB moved closer to resistance. BNB Chain activity has also supported sentiment. Decentralized exchange volumes, stablecoin transfers, and ecosystem participation have shown signs of recovery during the broader market rebound. Institutional tokenization and stablecoin infrastructure on BNB Chain have also kept the network in focus. Even so, BNB still needs a confirmed breakout above $690 before the next upside targets gain stronger attention. A move through $700 may bring $750 into view, while a stronger rally could test the $780 region.
16 May 2026, 11:26
THORChain Faces Growing Questions Over Long-Term Viability After Six Exploits in Five Years
For the second time in a short space of time, THORChain has been the victim of another major security incident, moving it from an isolated blunder into what we at least view as consistent systemic weaknesses within their architectural design. $10M THORChain Exploit Triggers Network-Wide Emergency Security Response to Halt Attacks In five years this cross-chain liquidity protocol has experienced six separate exploits attacking a totally unique design layer. Now in 2026 the latest assault has ingrained an entirely new layer of a troubling cycle that is drawing increasing attention from both investors and users. Multi-layer Exploits are the Key Focus THORChain’s issues aren’t a unique flaw. But it lays bare a wider architectural fragility, in which new attack surfaces have arisen gradually. Attackers exploited a vulnerability in the smart contract of an Ethereum router in 2021. By manipulating msg. value events, THORChain suffered two separate losses of $13 million and $2.9 million can be attributed to the Bifrost system misinterpreting transaction data. Thorchain has been hacked six times in five years, and not once the same way. Each one through a different layer of the architecture. 2021 – Smart contract bug in the ETH Router. Attackers tricked Bifrost into reading manipulated msg.value events. ~$15.5M across three exploits.… pic.twitter.com/Ub6AbYRTsN — Vadim (AI, ⋈) (@zacodil) May 16, 2026 A year later the risk shifted from smart contracts. Controversy erupted when in 2022, a bug involving the validator software led nodes to act non-deterministically, inhibiting consensus throughout part of the network for around 20 hours raising fundamental questions about KSMs ability to achieve consensus. Fast-forward to 2023, and the threat-landscape was a lot different. In a recent incident, the threshold signature scheme (TSS) key generation process had a weakness that allowed a bad validator to steal vault funds. While developers were quick to pick up on this mistake and halt the network before any funds could be lost, it revealed how fragile important pieces of infrastructure can be. New Risks From Economic Design And Our Human Weaknesses Challenges of the protocol are not limited to code. The THORFi lending model of THORChain was found to have a basic economic defect in January 2025. The system was reliant on RUNE to flip all the major assets, including Bitcoin and Ethereum. This assumption broke, however, and around $200 million became effectively trapped within the protocol. Then, in September 2025 the attack vector turned to human vulnerabilities. A socially engineered Telegram deepfake designed to impersonate co-founder JP73 has been associated with North Korean actors. Using this, the attackers were able to get into his MetaMask keys through iCloud Keychain and make off with $1.35 million. This evolution highlights a more troubling trend: that system security can break due to human factors and economic assumptions, even when the code itself does not change. Exploit of 2026: Crypto Vulnerability Exposed The 2026 exploit has a new failure point within THORChain’s cryptographic implementation as of the latest. The GG20 TSS protocol had a vulnerability that was exploited by a malicious validator. The attacker then leaked critical pieces of material from over the different signing sessions to piece together the vault’s private key, stealing as much as $10.7 million in the process. This assault is alarming, above all else, in light of the fact that its refinement. It was not a bug or design flaw elsewhere in the protocol, but rather laid bare an issue at the very cryptographic heart of Bitcoin, an area one might hope would be reasonably secure when correctly implemented. Chainalysis Traces Complex Activity Before an Attack The Chainalysis report on the THORChain attack reveals that the activity of the attacker started weeks before the exploit , having been active long before. The operation began with Monero, one of the best privacy currencies in the ecosystem to hide transaction history. In the last week of April an attacker came in and deposited XMR into a Hyperliquid position through a Monero Bridge. They then swapped these for USDC, withdrew to Arbitrum and bridged further to Ethereum. The attacker converted the hundred-thousands of dollars worth of ETH into THORChain, bonded RUNE and generated a freshly churned validator node from Ethereum now understood to be the point of entry for this attack. Some RUNE was issued back into ETH to maintain the cycle of cross-chain movement. This level of preparation points toward a surgically planned attack instead of an impulsive exploit, running through multiple blockchains and liquidity layers to hide their action. Before stealing $9.8M from #THORChain , likely attacker-connected wallets spent weeks moving its own funds through Monero, Hyperliquid, and THORChain. On-chain activity ties them to the wallet that would later receive millions of stolen funds. It started with Monero. 1/5 — Chainalysis (@chainalysis) May 16, 2026 Final Moves Prior To The Exploit This attack has an additional layer of precision that is revealed during the execution phase. This bridged ETH went into four separate transaction paths. One route linked on their end directly to the attackers wallet. It was just 43 minutes prior to the exploit, when that wallet received 8 ETH one step away from receiving millions in stolen assets. In the meantime, the three other paths seemed to be pulling out funds. From these wallets too, on the 14th and 15th of May ETH were bridged back to Arbitrum again, deposited in Hyperliquid and routed through Monero using the same privacy bridge once more. The last in this chain of trades happened just under five hours before the attack started. Further, the questions raised by this Detailed attacker breakdown demonstrates that this was a coordinated and well planned operation. Funds Lie Dormant But Risks Still Linger The stolen funds remain dormant as of Friday afternoon. Yet this slumber, analysts are quick to caution, might be short-lived. Plus, the attacker has shown just how complex their cross-chain laundering strategies can be. The Monero–Hyperliquid pathway used prior to the exploit continues to be a possible avenue for moving funds around. More than the economic costs incurred by this loss, a larger question is whether this incident constitutes a pattern. Combined, these events represent nearly 227 million dollars in direct losses or “trapped money”. Moreover, the protocol is seen as having laundered about $605 million of stolen property including proceeds related to the Lazarus Group fuelling its increasingly contentious image. Every fresh exploit reinforces the same conclusion: THORChain’s architecture does not fail predictably, it collapses along new and unexpected vectors. The implication for investors and users is crystal clear. Not only does THORChain have a risk of being hacked again but it could very well be an unexpected layer of the system that leads to its next failure. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
