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13 May 2026, 16:22
Brutal Price Collapse for 5 Altcoins After Binance Says Goodbye: Details
Many leading cryptocurrencies have seen some volatility over the past 24 hours, yet their price swings don’t compare to the devastating crash that five lesser-known altcoins experienced. The culprit behind that meltdown was Binance, which recently announced its latest delisting effort. The Heavy Bleeding The world’s largest crypto exchange revealed that it has conducted another review to ensure that all coins listed on the platform meet high standards and industry requirements. Based on its analysis, it decided to terminate all services involving Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS). The delisting will take place on May 27, with Binance explaining that deposits of these tokens will not be credited to users’ accounts after May 28. Moreover, withdrawals will remain available until July 27. The news has caused a major decline for the involved coins. All of them have plunged by double digits immediately after the disclosure, with SYS taking the biggest blow as its valuation has tumbled by 34%. SYS Price, Source: CoinGecko Such price reactions are hardly surprising, since losing backing from a crypto behemoth like Binance typically leads to reduced liquidity, lower market visibility, and reputational damage. In April, Beefy.Finance (BIFI), F unToken (FUN), FIO Protocol (FIO), Orchid (OXT), Measurable Data Token (MDT), and Wanchain (WAN) posted similar losses after the exchange removed them from its platform. Shortly after, Dego Finance (DEGO), DENT (DENT), and TrueFi (TRU) met the same fate. Other Recent Updates Earlier this week, Binance listed the trading pairs MEGA/U, TON/U, and TON/USD1 to its margin program. The initiative was once again primarily centered on United Stables (U) – a stablecoin launched in late 2025 and pegged to the American dollar. Over the past months, the exchange expanded the list of trading pairs on Binance Spot by adding XRP/U, SUI/U, ASTER/U, and PAXG/U. It also included AVNT/U, BIO/U, CHIP/U, KAT/U, CHIP/USD1, and XAUT/USD1 on Cross Margin. Just recently, it announced that users can spend U tokens with their Binance Cards and earn 15% cashback. The offering comes with 0 conversion fees and 0 Foreign Exchange (FX) charges. The company explained that the reward will be distributed in tokens designated by the company, at its sole discretion, before June 30. The cashback is non-transferable, non-exchangeable, and cannot be redeemed for cash or any other benefit, it added. The post Brutal Price Collapse for 5 Altcoins After Binance Says Goodbye: Details appeared first on CryptoPotato .
13 May 2026, 16:20
Brazil's central bank hits Banco Topázio with crypto ban, $3.3M fine over violations
The Brazilian Central Bank has emphasized that crypto compliance is not just a formality. According to the regulator’s supervisor, the action taken on Banco Topazio serves as a model for future enforcement cases, and not as a one-off punishment. The ruling came after Copas identified several irregularities in the bank’s operations from October 2020 to September 2021. Within those years, the bank executed over-the-counter cryptocurrency transactions without putting proper checks in place to ensure the identities and qualifications of third-party beneficiaries. The flagged transactions made up 63% of the bank’s outbound foreign exchange transfers that period and 47% of its primary market activity. Due to this, the committee concluded that the scale of the issue has damaged the institution’s credibility in the country’s foreign exchange market. Regulators call Banco Topazio’s violations grave According to Article 4, clause IV of Law 13.506, Copas deemed that the actions committed by Banco Topazio were grave, and the following punishment serves as a model for future enforcement cases that might arise, and not a special punishment for the bank. The committee mentioned that violations are divided into three main areas: little to no checks on the financial capacity of clients, weak customer registration procedures, and inadequate controls to prevent money laundering and terrorism funding. Following the punishment, three executives were also punished. Ademir Julio Schenatto was fined R$732,000 and banned from holding any position at regulated financial institutions for five years. Allison Forgiarini Ferreira was fined R$471,000, while Haroldo Pimentel Stumpf was fined R$358,000. Brazil’s central bank fires warning shot to broader industry While the fines take the spotlight, the underlying message from Ailton Aquino who serves as the Central Bank director and the president of the Copas committe is simple: the commercial restriction imposed on Topazio “could and should also be used, as necessary, as a precautionary measure, without initially requiring the opening of an administrative sanctioning process, whenever we assess that the grounds for applying Law 13.506 are present.” Aquino also confirmed that the government intends to use the sanctions against other companies in the sector that fail to implement proper client registration or supervision systems, signaling a much tougher approach to managing and controlling the crypto and financial industry. The wider regulatory crackdown in Brazil On April 30, Brazil’s central bank released Resolution BCB No. 561, which placed a ban on all electronic foreign exchange providers from using stablecoins and other crypto tokens like Bitcoin to carry out overseas transactions. The institution placed an order for all EFX payment routes to follow traditional foreign exchange systems or non-residential real accounts. This new development is aimed at removing digital assets from the country’s regulated framework rather than outrightly banning crypto transfers in the country. With this, the central bank is able to keep international transfers within the foreign exchange channels it can monitor. These new laws introduce stricter terms and regulations to the ecosystem, as eFX providers must now safeguard client funds in separate accounts, submit monthly reports through the central bank’s foreign exchange system, and store transaction records with the institution for the next ten years. The smartest crypto minds already read our newsletter. Want in? Join them .
13 May 2026, 15:10
Coinbase Stakes 4.5 Million ETH in Q1, Maintains Self-Imposed Validator Cap
BitcoinWorld Coinbase Stakes 4.5 Million ETH in Q1, Maintains Self-Imposed Validator Cap Coinbase has staked 4.5 million Ether (ETH) during the first quarter of 2025, according to the company’s latest Ethereum validator report. This represents 12.17% of the total staked supply on the Ethereum network. The exchange also reiterated its ongoing commitment to voluntarily keep its validator share below 30%. Validator Share and Network Health The 4.5 million ETH staked by Coinbase makes it one of the largest single entities participating in Ethereum’s proof-of-stake consensus mechanism. By voluntarily capping its validator share at under 30%, Coinbase aims to prevent excessive centralization of validation power. The company first announced this self-imposed limit in 2023, and the latest report confirms it remains in effect. Centralization of staking power has been a recurring concern among Ethereum community members, as a single entity controlling a majority of validators could theoretically influence network governance or transaction finality. Context and Industry Implications Coinbase’s staking services are part of its broader institutional and retail product suite. The exchange offers both pooled staking for smaller holders and dedicated validators for larger clients. The Q1 2025 report arrives amid increasing regulatory scrutiny of crypto staking services in the United States. The SEC has previously classified certain staking programs as unregistered securities offerings, though Coinbase has maintained that its staking model complies with existing regulations. The 4.5 million ETH figure represents a steady increase from previous quarters, reflecting growing demand for staking yields amid a relatively low-interest-rate environment for traditional assets. Why This Matters for Ethereum Users For everyday Ethereum holders, Coinbase’s validator cap helps maintain the network’s decentralized nature. If a single entity were to control a supermajority of validators (over 33%), it could theoretically disrupt the network’s finality. By keeping its share well below that threshold, Coinbase reduces systemic risk. The report also provides transparency into the exchange’s operations, which is valuable for users who stake through the platform. Conclusion Coinbase’s Q1 2025 Ethereum validator report confirms its position as a major staking participant while reaffirming its commitment to decentralization. With 4.5 million ETH staked and a self-imposed 30% cap, the exchange balances growth with network health considerations. As staking becomes an increasingly important part of Ethereum’s ecosystem, such transparency from major validators helps build trust among users and regulators alike. FAQs Q1: What percentage of total staked ETH does Coinbase control? Coinbase controls 12.17% of the total staked supply, representing 4.5 million ETH as of Q1 2025. Q2: Why does Coinbase limit its validator share to under 30%? The self-imposed cap is designed to prevent excessive centralization of validation power on the Ethereum network, reducing the risk of a single entity gaining undue influence over consensus. Q3: How does Coinbase’s staking service work? Coinbase offers pooled staking, where users can stake any amount of ETH and earn rewards proportional to their contribution, as well as dedicated validator services for institutional clients who meet higher minimum requirements. This post Coinbase Stakes 4.5 Million ETH in Q1, Maintains Self-Imposed Validator Cap first appeared on BitcoinWorld .
13 May 2026, 15:08
Clarity Act Faces 100+ Amendments, Ledger Pauses $4B IPO, Coinbase x402 Adds Batch Settlement
Crypto News The Digital Asset Market Clarity Act is heading into a pivotal Senate Banking Committee markup with more than 100 proposed amendments on the table, most of which are unlikely to survive...
13 May 2026, 15:07
Upexi Posts $109M Q3 Loss, Coinbase Adds $100K SOL Loans, KRWQ Hits Solana
Solana News Solana treasury firm Upexi reported a $109 million net loss for its fiscal third quarter, a sharp widening from the $3.8 million deficit posted in the same period last year. The Nasdaq-...
13 May 2026, 14:45
Vietnam targets Q3 2026 for official launch of regulated crypto market
Vietnam’s Deputy Finance Minister Nguyen Duc Chi has said that the country might introduce its first officially regulated crypto asset trading as early as the third quarter of 2026. The government announced at the Digital Trust in Finance 2026 forum in Hanoi that it had approved five companies to operate digital asset exchanges. Vietnam’s calculated entrance into the digital asset industry Vietnam’s Deputy Finance Minister Nguyen Duc Chi announced during the Digital Trust in Finance 2026 forum in Hanoi that, in coordination with the Ministry of Finance, the Ministry of Public Security and the State Bank of Vietnam, five approved digital asset platform operators had been selected. “We believe that, as early as the third quarter, Vietnam could witness the first official activities of its crypto asset market, operating under a framework designed to ensure safety and transparency,” Chi said at the forum. Vietnam has been preparing for this regulatory move for quite some time. At the start of 2026, the Law on Digital Technology Industry took effect, and it formally legalized crypto assets. Prior to that, in September 2025, the government issued Resolution No. 05/2025/NP-CP to pilot the crypto asset market, and later in December, the Finance Minister established a Management Board for crypto asset trading under the State Securities Commission. Vietnam has about 17 million residents participating in its crypto market. Ownership peaked at 21 million at certain points. Cryptopolitan reported that blockchain analytics firm Chainalysis estimated that crypto transaction volume in Vietnam reached about $220 billion to $230 billion between July 2024 and June 2025. Cryptopolitan reported that Vietnamese traders opened an estimated 20 million wallets on offshore platforms like Binance, Bybit, and OKX. They have six months to link their wallets with government-approved platforms or face criminal penalties. Which digital asset companies hold a Vietnam license? While the government has not yet publicly named all five approved companies, several major players have confirmed they are in the final stages of the licensing process. SCEX (Sacom Crypto Asset Exchange) has completed the first round of evaluation conducted by the Ministry of Finance. The company raised its charter capital to VND 360 billion (approximately $14 million) to strengthen its financial capacity. Other qualified applicants include VIX Crypto Asset Exchange, Vietnam Prosperity Crypto Assets Exchange (CAEX), Techcom Crypto Exchange (TCEX), and Vietnam Digital Assets, affiliated with the Sun Group ecosystem. CAEX, which operates within the ecosystem of VPBank, one of the country’s largest private lenders, has secured backing from OKX Ventures and HashKey Capital to help meet the government’s strict capital requirements. Cryptopolitan reported that the government set steep requirements for exchange operators. For instance, applicants must hold at least 10 trillion dong (roughly $408 million) in charter capital, roughly three times the requirement for banks. Institutional investors must provide at least 65% of the starting capital, and foreign ownership is capped at 49%. Individual crypto traders will face a 0.1% personal income tax on the total value of each transaction, which is the same rate currently charged for stock market trades. The tax applies whether or not a transaction leads to a gain or a loss. Vietnamese companies will pay 20% corporate income tax on crypto profits, while foreign organizations conducting crypto asset transfers through local service providers will pay a 0.1% tax on revenue per transfer. All transactions during the five-year pilot must be conducted in Vietnamese dong, and the government is preparing to restrict access to overseas platforms like Binance, OKX, and Bybit once domestic exchanges become operational. South Korea is moving on Vietnam’s market Cryptopolitan recently reported that South Korean exchanges are also making moves. Bithumb signed a memorandum of understanding with SSID, a subsidiary of SSI Securities, Vietnam’s largest securities firm, to build a local virtual asset exchange. Meanwhile, Dunamu’s Vice Chairman Kim Hyung-nyeon met with Vietnam’s Military Commercial Joint Stock Bank (MB Bank) to discuss cooperation on building a digital asset exchange during President Lee Jae-myung’s economic delegation in April this year. The smartest crypto minds already read our newsletter. Want in? Join them .
