Marinade critics call for accountability

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

In yesterday’s Alpha Dispatch, I lauded Marinade Finance’s impressive week, which included the beta launch of Instant Unstake and some promising governance improvements.

I may have spoken prematurely.

Less than 24 hours later, the Shiroi project published an incident report alleging that malicious validators have been exploiting Marinade’s Stake Auction Marketplace (SAM) for over a year.

According to Shiroi’s independent audit, at least 37,000 SOL in rewards — worth more than $6.5 million at the time of publication — were siphoned away from the protocol over 126 epochs,…

Read more on Blockworks

Coinbase Launches 24/7 Bitcoin Futures Trading In The U.S.

Coinbase has made a significant move in the U.S. derivatives market, launching 24/7 trading for Bitcoin futures. This is the first time that leveraged futures contracts for these digital assets will be available around the clock on a CFTC-regulated exchange. Starting today, U.S. traders will have access to Coinbase Derivatives, LLC (CDE), enabling continuous trading, including weekends, with no restrictions tied to traditional market hours.

24/7 trading for futures is here in the US.

Trade Bitcoin and Ethereum futures on your time — any hour, any day. The market doesn’t sleep, and now, neither do your opportunities.

Next up: Perpetual futures. Stay tuned…. Read more on BitcoinMagazine

Bitcoin, Ethereum, XRP, Dogecoin Enter Weekend Strong: ‘Long Dips, $140,000 Is Programmed,’ Trader Says

Cryptocurrency markets are heading into the weekend with bullish momentum, supported by rising institutional inflows, favorable regulatory signals and surging ETF demand.

CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD$103,210.29+1.9%Ethereum ETH/USD$2,342.42+13.3%Solana SOL/USD$171.91+7.4%XRP XRP/USD$2.35+4.9%Dogecoin DOGE/USD$0.2044+7.4%Shiba Inu SHIB/USD$0.00001503+7.4%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 3.8% and daily active addresses growing by 1.2%. Transactions greater than $100,000 are up from 10,628 to 14,818 in a single day. Exchanges netflows are down by 129.9%.

Coinglass data reports 250,199 traders were liquidated in the… Read more on Benzinga

Bitcoin Price Hits $104,000 As Demand Increases

The price of Bitcoin has surged past $104,000 this morning, and it’s no accident. A mix of surging institutional inflows, record-breaking ETF momentum, and growing corporate adoption are fueling this rally. Here’s what’s helping contribute to the rising price of Bitcoin. 

Big institutions like banks, asset managers, and even some companies are putting money into Bitcoin through ETFs (exchange-traded funds).

On Wednesday, James Seyffart of Bloomberg ETF Research reported that spot Bitcoin ETFs have officially hit a new all-time high in lifetime flows, reaching $40.33 billion, according to Bloomberg data. This marks a sharp recovery from the dip earlier this year and signals…

Read more on BitcoinMagazine

LATEST: Coinbase Now Offers 24/7 Bitcoin and Ethereum Futures Trading

Coinbase has officially launched 24/7 Bitcoin and Ethereum futures trading through its CFTC-regulated arm Coinbase Derivatives. This marks a major milestone for the crypto industry giving both retail and institutional traders the ability to trade futures anytime including weekends. All transactions will be cleared through Nodal Clear ensuring a secure and regulated trading environment.

The company will offer constant execution and risk management support helping users respond to market shifts beyond traditional trading hours. Coinbase aims to bring more flexibility and access to the growing crypto community and is working closely with the CFTC to expand its services further. Partners in this launch include Virtu Financial ABN AMRO Wedbush Securities and Coinbase Financial Markets.

Coinbase executives call this a game-changer for digital assets in the US. The announcement comes just after Coinbase revealed plans to acquire Deribit for 2.9 billion dollars boosting its derivatives offerings. The move signals a clear push toward making crypto futures a mainstream trading option around the clock.

Source

Vice President JD Vance To Speak At Bitcoin 2025 Conference In Las Vegas

U.S. Vice President JD Vance is scheduled to deliver a keynote address at the upcoming Bitcoin 2025 Conference in Las Vegas, becoming the first sitting American vice president to publicly speak in support of Bitcoin BTC/USD.

What Happened: Vance will take the main stage at The Venetian on May 28 at 9:00 a.m. PST, addressing thousands of attendees as part of the event’s “Code + Country” track.

The speech will also be broadcast via Bitcoin Magazine’s media platforms and social channels.

His appearance comes one year after President Donald Trump gave remarks at Bitcoin 2024 during his presidential campaign.

Vance’s address is expected to focus on topics such as financial independence,…

Read more on Benzinga

U.S. Vice President JD Vance To Speak At Bitcoin 2025 Conference

The team at BTC Inc. is proud to announce that U.S. Vice President (VP) JD Vance will address the Bitcoin 2025 conference from the main stage of the event on May 28 at 9:00 AM PST.

VP Vance’s keynote will be delivered to tens of thousands of attendees at The Venetian Las Vegas as part of the “Code + Country” programming track for the conference. The address will also be streamed globally via Bitcoin Magazine’s media channels and X account.

In making this address, VP Vance will become the first ever U.S. vice president to make a public address in support of Bitcoin. His appearance at the Bitcoin conference comes one year after the President Trump delivered a historic…

Read more on BitcoinMagazine

New BIS Report Says Bitcoin Use Surges During Economic Stress

A new report from the Bank for International Settlements (BIS) shows that Bitcoin and other cryptocurrencies are being used more during times of economic stress. This happens mostly in countries where inflation is high, it’s expensive to send money, or the government limits how much money can leave the country.

People turn to Bitcoin and stablecoins like USDT and USDC when their financial systems stop working properly or become too expensive to use. This is especially true for small international payments. Crypto gives people another option when they can’t rely on banks or traditional money systems.

A new BIS paper on Bitcoin dropped yesterday. To cut through the jargon:

It…

Read more on BitcoinMagazine

LATEST: Gemini Secures Key License to Offer Crypto Derivatives Across Europe

Gemini has received approval under the Markets in Financial Instruments Directive II from the Malta Financial Services Authority allowing it to offer regulated crypto derivatives in the European Union and European Economic Area. This marks a major milestone in the exchange’s 2025 expansion strategy and will enable advanced users to access products like perpetual futures.

Gemini plans to launch these services gradually while continuing to work closely with regulators to ensure full compliance. The exchange’s European head Mark Jennings called the development a big step toward bringing crypto derivatives to both retail and institutional investors across the region. Malta was chosen for its favorable regulatory environment for digital assets.

The company also confirmed it is actively pursuing a Markets in Crypto-Assets license to broaden its crypto offerings. Gemini’s move reflects a growing trend among major crypto firms shifting to Europe following the implementation of the MiCA regime which offers clear legal guidance and supports long-term industry growth.

Source

Steak ‘n Shake Will Accept Bitcoin Payments In All U.S. Locations Starting Next Week

Steak ‘n Shake will begin accepting Bitcoin as payment at all its U.S. locations starting May 16, the company announced Thursday, marking one of the largest fast food Bitcoin integrations to date.

Steak n Shake accepting Bitcoin payments at all locations starting May 16, making the cryptocurrency available to our more than 100 million customers. The movement is just beginning….

—Steaktoshi pic.twitter.com/1SGMifDZep

— Steak ‘n Shake (@SteaknShake) May 9, 2025

The news follows a wave of cryptic posts earlier this year, including one that asked, “Should Steak ‘n Shake accept Bitcoin?” and a viral image of a Bitcoin-branded spaceship, igniting speculation among…

Read more on BitcoinMagazine