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26 May 2026, 01:20
Ondo Finance Founder Nathan Allman Dies Suddenly, Company Vows to Continue His Work
BitcoinWorld Ondo Finance Founder Nathan Allman Dies Suddenly, Company Vows to Continue His Work Ondo Finance, a leading platform for tokenizing real-world assets (RWA), has announced the sudden death of its founder, Nathan Allman. The company shared the news in a statement on its official X account, expressing deep sadness over the unexpected loss. Company Statement and Leadership Transition In its message, Ondo Finance described Allman as a visionary leader who helped build a robust organization with experienced leaders capable of managing all aspects of the business. The company affirmed its commitment to continue building on what Allman started, calling it the most meaningful way to honor his legacy. No further details about the cause of death have been disclosed at this time. Impact on Ondo Finance and the RWA Sector Allman founded Ondo Finance to bridge traditional finance with blockchain technology by tokenizing real-world assets such as bonds, credit, and other financial instruments. The platform has been a key player in the growing RWA tokenization market, which aims to increase liquidity and accessibility for institutional-grade assets. His sudden passing raises questions about leadership continuity, but the company has moved quickly to reassure investors and partners of its operational stability. Market Reaction and Community Response The announcement has prompted an outpouring of condolences from the cryptocurrency and decentralized finance (DeFi) community. Industry peers and partners have highlighted Allman’s contributions to advancing the tokenization of real-world assets. As of this writing, the ONDO token has experienced volatility, reflecting market uncertainty following the news. However, analysts note that the company’s strong management team may help mitigate long-term disruption. Conclusion The death of Nathan Allman marks a significant moment for Ondo Finance and the broader RWA tokenization sector. While the company has indicated it will continue operations under existing leadership, the loss of its founder introduces a period of transition. Investors and industry observers will be watching closely for further announcements regarding succession plans and strategic direction. FAQs Q1: Who was Nathan Allman? Nathan Allman was the founder of Ondo Finance, a platform focused on tokenizing real-world assets (RWA) using blockchain technology. He was a key figure in the DeFi and tokenization space. Q2: Will Ondo Finance continue operating after Allman’s death? Yes, the company has stated it will continue building on Allman’s work, citing a strong leadership team in place to manage all aspects of the business. Q3: What is the ONDO token and how has it been affected? ONDO is the native token of the Ondo Finance platform. Following the announcement, the token has seen price volatility as the market digests the news, though long-term impact remains uncertain. This post Ondo Finance Founder Nathan Allman Dies Suddenly, Company Vows to Continue His Work first appeared on BitcoinWorld .
26 May 2026, 01:15
Circle Mints 250 Million USDC, Adding to Growing Stablecoin Supply
BitcoinWorld Circle Mints 250 Million USDC, Adding to Growing Stablecoin Supply On-chain data provider Whale Alert reported the minting of 250 million USDC at the USDC Treasury. The transaction, recorded on the Ethereum blockchain, adds a significant amount of liquidity to the stablecoin’s circulating supply. This event is a routine but notable operation by Circle, the issuer of USDC, and often signals demand for the stablecoin across decentralized finance (DeFi) protocols and centralized exchanges. Understanding the USDC Minting Process The USDC Treasury is the smart contract address controlled by Circle that manages the creation and redemption of USDC tokens. When new USDC is minted, it is typically in response to market demand. This can occur when institutional investors or trading firms deposit equivalent fiat currency (USD) with Circle, who then issues the corresponding amount of USDC on the blockchain. The minting event does not inherently indicate a bullish or bearish market sentiment, but it does reflect the real-time utility and adoption of the stablecoin within the digital asset ecosystem. Implications for the Broader Market An increase in the USDC supply can have several implications. For DeFi protocols, a larger supply of stablecoins like USDC provides more liquidity for lending, borrowing, and trading pairs. For centralized exchanges, it can facilitate smoother order book depth and reduce slippage for traders. However, a sudden, large minting event can also be a precursor to significant market movements, as large holders may deploy the newly minted tokens for trading or yield-generating strategies. At the time of writing, the total USDC circulating supply stands at over $28 billion, making it the second-largest stablecoin by market capitalization. What This Means for Traders and Investors For the average crypto user, a 250 million USDC minting event is a background signal. It is more relevant for on-chain analysts and active traders who monitor supply changes for potential market impact. The minting itself is a neutral operational event, but the subsequent movement of those tokens can provide clues about market direction. If the minted USDC is quickly moved to exchanges, it could suggest impending buying pressure. Conversely, if it remains idle in the Treasury or is used for DeFi yield farming, it may indicate a more strategic, long-term allocation. Conclusion The minting of 250 million USDC is a standard operational update from Circle, reflecting ongoing demand for the stablecoin. While it does not signal a specific market direction on its own, it provides valuable on-chain data for those tracking liquidity flows. The event underscores the continued growth and utility of USDC within the cryptocurrency ecosystem. FAQs Q1: What does it mean when USDC is minted? A: Minting USDC means that Circle has created new tokens in response to a deposit of an equivalent amount of US dollars. It increases the total circulating supply of USDC. Q2: Does a large USDC minting affect the price of Bitcoin or other cryptocurrencies? A: Not directly. However, it can indicate increased liquidity in the market, which may facilitate larger trades and potentially influence price movements depending on how the tokens are used. Q3: Who is Whale Alert? A: Whale Alert is a service that tracks and reports large cryptocurrency transactions on various blockchains, providing transparency and real-time data to the public. This post Circle Mints 250 Million USDC, Adding to Growing Stablecoin Supply first appeared on BitcoinWorld .
26 May 2026, 01:10
Bitcoin buying pressure weakens as 34,000 BTC faces potential sell-off, analysts warn
BitcoinWorld Bitcoin buying pressure weakens as 34,000 BTC faces potential sell-off, analysts warn Bitcoin’s recent price stability is facing a growing threat as on-chain data reveals a significant buildup of potential selling pressure. Analysts have identified approximately 34,000 BTC in assets that could soon hit the market, stemming from a combination of increased exchange inflows and persistent outflows from spot Bitcoin exchange-traded funds (ETFs). This development signals a notable shift in market sentiment, with institutional and retail buying appetite appearing to wane. Exchange inflows signal preparation for selling On-chain analyst Axel Adler Jr. has highlighted a concerning trend: weekly Bitcoin deposits to cryptocurrency exchanges have risen by roughly 18,000 BTC. In traditional market analysis, moving coins to exchanges is often interpreted as a preparatory step for selling, rather than accumulation. This increase in available supply on trading platforms can create downward pressure on price if demand does not keep pace. Adler’s analysis, as reported by Cointelegraph, points to a clear shift in holder behavior. Instead of moving assets to cold storage or decentralized finance protocols, a notable portion of the market appears to be positioning for potential liquidation. This pattern is often observed during periods of uncertainty or when traders anticipate a price decline. Spot ETF outflows add to the pressure Compounding the situation, spot Bitcoin ETFs have recorded net outflows of approximately 16,000 BTC over the same period. These products, which were once seen as a primary driver of institutional demand, are now seeing capital exit. The combined effect of rising exchange deposits and ETF redemptions creates a total potential sell-side volume of 34,000 BTC. According to Adler, the inability of institutional capital to absorb this incoming supply is a key indicator of risk-off sentiment. When ETF flows were strongly positive earlier in the year, they helped prop up prices. The current reversal suggests that the institutional bid that supported Bitcoin’s rally is fading. Trading volume drop confirms weakening demand Separate data from Glassnode analyst CryptoVizArt provides further evidence of a cooling market. Daily trading volume for spot Bitcoin ETFs has recently fallen below $20 billion. This represents a dramatic decline from the $50 billion level seen at the end of the previous year. This drop in volume is significant because it indicates that speculative buying demand for BTC is weakening. Even during short-term price rallies, the market’s ability to absorb spot supply has diminished. Lower volume often precedes increased volatility, as thinner order books make prices more susceptible to large trades. For retail and institutional investors alike, the combination of rising supply and falling demand creates a cautious outlook. While Bitcoin has historically weathered such periods, the current data suggests that the path of least resistance may be lower in the near term, unless a new catalyst emerges to reignite buying interest. Conclusion The confluence of rising exchange inflows and sustained ETF outflows paints a picture of a market under pressure. With approximately 34,000 BTC potentially heading to market and trading volumes declining, Bitcoin’s ability to maintain its current price level is being tested. Investors should monitor these on-chain metrics closely, as they often precede significant price movements. The coming weeks will be critical in determining whether this selling pressure materializes or if new demand emerges to absorb the supply. FAQs Q1: What does an increase in Bitcoin exchange inflows mean? A1: When Bitcoin is moved to exchanges, it often signals that holders are preparing to sell. Higher exchange inflows increase the available supply on trading platforms, which can put downward pressure on the price if buying demand does not match the supply. Q2: Why are spot Bitcoin ETF outflows significant? A2: Spot Bitcoin ETFs are a primary vehicle for institutional investors to gain exposure to Bitcoin. Net outflows from these funds indicate that institutional capital is leaving the market, reducing a key source of buying pressure and potentially signaling a bearish outlook among large investors. Q3: How does lower trading volume affect Bitcoin’s price? A3: Lower trading volume means fewer buyers and sellers are active in the market. This can lead to thinner order books, making prices more sensitive to large trades. It also suggests that speculative interest is waning, which can make it harder for the price to sustain rallies or absorb large sell orders. This post Bitcoin buying pressure weakens as 34,000 BTC faces potential sell-off, analysts warn first appeared on BitcoinWorld .
26 May 2026, 01:05
Kelp DAO completes final rsETH recovery phase after $292M hack
BitcoinWorld Kelp DAO completes final rsETH recovery phase after $292M hack Kelp DAO, the liquid restaking protocol that suffered a $292 million security breach earlier this year, announced on Wednesday that it has successfully completed the final stage of its rsETH recovery plan. The project transferred a final batch of 23,737.72 rsETH to its Omnichain Fungible Token (OFT) adapter, marking the end of a structured restoration process that began shortly after the exploit. Recovery timeline and execution In a post on X, Kelp DAO confirmed that it and the Aave protocol had replenished approximately 116,000 rsETH to the OFT adapter over the past two weeks. This final transfer completes the recovery phase, which was designed to restore user funds and re-establish normal operations following the attack that drained a significant portion of the protocol’s assets. The incident, which occurred in early 2025, involved an exploit that targeted Kelp DAO’s cross-chain infrastructure. The project immediately paused operations and worked with security firms and partners to trace and recover funds. The structured recovery plan was announced shortly after, with phased transfers aimed at minimizing disruption to the broader DeFi ecosystem. Operational status and collateralization According to Kelp DAO’s statement, all core functions — including minting, redemption, and rewards distribution — are now operating normally. The project emphasized that rsETH remains fully collateralized, with no remaining exposure from the exploit. This is a significant milestone for the protocol, which had faced intense scrutiny from the DeFi community following the hack. The successful recovery demonstrates the resilience of the project’s infrastructure and the effectiveness of its partnership with Aave, which played a key role in replenishing the affected tokens. Implications for the DeFi ecosystem The Kelp DAO recovery is being closely watched by the broader DeFi industry as a case study in post-exploit remediation. The structured approach — involving phased transfers, transparent communication, and collaboration with lending protocols — could serve as a template for other projects facing similar crises. However, the incident also underscores persistent security vulnerabilities in cross-chain infrastructure. As DeFi protocols continue to expand across multiple blockchains, the attack surface for potential exploits grows correspondingly. Kelp DAO’s ability to fully restore user funds is a positive outcome, but it does not eliminate the underlying need for improved security standards across the industry. Conclusion Kelp DAO’s completion of the rsETH recovery phase marks the end of a challenging chapter for the protocol. With all functions restored and full collateralization confirmed, the project can now focus on rebuilding user trust and strengthening its security posture. For the DeFi ecosystem, the incident serves as both a cautionary tale and a demonstration of what effective crisis management can achieve. FAQs Q1: What was the Kelp DAO hack? A: Kelp DAO suffered a $292 million security exploit in early 2025 that targeted its cross-chain infrastructure. The attack drained a significant portion of the protocol’s rsETH reserves, prompting an immediate pause in operations and the launch of a structured recovery plan. Q2: How much rsETH was recovered? A: Approximately 116,000 rsETH were replenished to the Omnichain Fungible Token (OFT) adapter over a two-week period, with the final batch of 23,737.72 rsETH transferred in the last phase. The project confirms that rsETH is now fully collateralized. Q3: Are Kelp DAO’s operations back to normal? A: Yes. All minting, redemption, and rewards functions are operating normally. The protocol has resumed full operations following the completion of the recovery plan. This post Kelp DAO completes final rsETH recovery phase after $292M hack first appeared on BitcoinWorld .
26 May 2026, 01:00
Hyperliquid Flips Dogecoin To Take The No. 9 Spot In Crypto
Hyperliquid’s HYPE token has narrowly overtaken Dogecoin by market capitalization on CoinMarketCap. The move came after HYPE pushed to a fresh all-time high above $64 on May 24, while Dogecoin remained near $0.10. The margin is thin, and rankings remain sensitive to price feeds and circulating-supply methodology. CoinMarketCap data showed Hyperliquid with a market capitalization of about $16.03 billion, 24-hour volume of $1.11 billion, an FDV near $60.08 billion and a circulating supply of 254.07 million HYPE. Dogecoin, by comparison, was listed with a live market cap of about $15.87 billion, 24-hour volume of roughly $591.7 million and a circulating supply of 154.38 billion DOGE. How Hyperliquid Was Able To Overtake Dogecoin That makes the flip less a clean knockout than a live-market crossing. Still, the optics are difficult to ignore. Dogecoin has long been the benchmark for meme-asset durability, surviving several market cycles on brand, community and reflexive attention. Hyperliquid’s ascent reflects a different market preference: tokens attached to venues with visible usage, fee generation and direct value-accrual narratives. Related Reading: Hyperliquid (HYPE) Breaks New All-Time High—Surges Past $62 As Momentum Spikes The core driver behind HYPE’s rerating has been Hyperliquid’s trading activity and its aggressive buyback structure. 99% of fees go to Assistance Fund for buying HYPE tokens for Hyperliquid Perps, excluding builder fees, and gives the same 99% figure for the spot order book, excluding unit protocol fees. Its income statement lists Hyperliquid gross protocol revenue at $214.95 million in Q1 2026 and $104.88 million so far in Q2 2026. That fee loop is central to how traders have framed HYPE. The token’s rally is not only a bet on exchange volumes; it is also a bet that those volumes keep translating into persistent open-market demand. The token has also benefited from institutional-product momentum. 21Shares launched the 21Shares Hyperliquid ETF, ticker THYP, on Nasdaq on May 12, offering spot HYPE exposure with potential staking rewards; Bitwise followed with the Bitwise Hyperliquid ETF, ticker BHYP, which began trading on NYSE on May 15. Related Reading: Hyperliquid Flips Solana By FDV As ‘Revenue Chains’ Race Heats Up SoSoValue data shows the products had attracted $74.91 million in cumulative net inflows by the May 22 trading session, with $89.20 million in combined net assets and $84.13 million in daily trading volume. The latest complete session added $10.9538 million in net inflows, all into BHYP, bringing Bitwise’s historical net inflow to $35.9567 million. For the May 18–22 trading week, HYPE spot ETFs drew $72.38 million in net inflows, meaning most of the cumulative demand arrived after launch rather than in a one-day listing spike. The comparison with Dogecoin is sharper because DOGE’s ETF story is older, but the flow profile has been far less forceful. Grayscale’s GDOG became the first US spot Dogecoin ETF on Nov. 24, 2025; Bitwise’s BWOW followed on Nov. 26, and 21Shares’ TDOG launched in January. Yet SoSoValue’s DOGE spot ETF shows only $11.78 million in cumulative net inflows as of May 21, with $14.85 million in total net assets and just $199,820 in value traded for the session. That makes the contrast with HYPE difficult to miss: DOGE remains one of crypto’s most liquid cultural assets, but its ETF demand has been comparatively muted; HYPE’s rise has been tied to exchange revenue, derivatives activity, buybacks and a faster-building institutional wrapper bid. With HYPE now above Dogecoin, the next major target is TRON, ranked No. 8 by market capitalization. Based on TRON’s roughly $34.71 billion market cap and Hyperliquid’s 254.07 million HYPE circulating supply, HYPE would need to trade near $136 to match TRON’s valuation. At press time, HYPE traded at $63.572. Featured image created with DALL.E, chart from TradingView.com
26 May 2026, 01:00
Bitcoin prices tighten amid THESE risks – Is BTC volatility building?
Bitcoin traders turned defensive as broader market confidence weakened beneath fragile liquidity conditions.
