Author: WebDesk

LAB price was sleepy for days, then suddenly vertical. The token surged roughly 25% intraday after LAB announced a fresh rewards season tied directly to trading activity inside the LAB App and LAB TG App.Apparently, every trade now counts toward reward distribution. Traders love incentives. Shocking, right?The new campaign offers rewards in two forms: $LAB token distributions and exclusive in-app benefits. And almost immediately, speculative momentum flooded into the chart.LAB Rewards Campaign Ignites Fresh MomentumAccording to the announcement, users participating through the LAB ecosystem can accumulate rewards simply by trading within the platform’s applications. That update was enough to send…

A class action filed in Idaho accuses the now-bankrupt crypto ATM operator of profiting from fraud while leaving vulnerable consumers unprotected. A retired Idaho couple has filed a federal class action lawsuit against Bitcoin Depot Inc., alleging the company’s ATM network served as a pipeline for scammers who drained their entire retirement savings — $76,000 — over five consecutive days in August 2025. Karen and Robert Lacey, named plaintiffs in Lacey et al. v. Bitcoin Depot Inc., et al. (Case No. 1:26-cv-00288-DKG), say fraudsters posing as Norton customer service representatives and FBI agents convinced them their accounts were tied to…

XRP has spent the better part of 2026 grinding sideways in what looks like a coiling spring, except the spring may not be loading for an upward surge.  XRP’s four-month consolidation has trapped its price below a major resistance zone at $1.65, and according to crypto pundit CasiTrades, the clock is ticking because XRP is now exposed to one more move into lower macro support before any stronger recovery attempt begins. Four Months Of Failure At $1.65 CasiTrades’ analysis is based on XRP’s inability to break back above the upper boundary of its consolidation structure on the 4-hour candlestick chart.…

The U.S. Commodity Futures Trading Commission (CFTC) has cleared the way for American traders to access one of crypto’s most important derivatives markets, approving the first true bitcoin perpetual futures contract on a U.S. exchange and issuing parallel relief that lets Coinbase route U.S. clients into global perp and options liquidity. On Friday, the agency approved KalshiEX, LLC’s BTCPERP contract, a perpetual futures product that references the spot price of bitcoin and trades on Kalshi’s CFTC‑regulated designated contract market.  At the same time, staff granted no‑action relief to Coinbase Financial Markets, allowing it to offer digital commodity derivatives — including…

Key TakeawaysHistoric CFTC approval opens the door for regulated bitcoin perpetual trading.Offshore-dominated crypto derivatives markets now have a U.S. regulatory pathway.Additional products could follow as exchanges test the CFTC’s review process. CFTC Opens Historic Path for Bitcoin Perpetuals The Commodity Futures Trading Commission (CFTC) announced on May 29, 2026, a historic step to bring true bitcoin perpetual contracts into the U.S. regulatory framework. The action opens a path for one of crypto’s most liquid derivatives markets to trade on CFTC-registered exchanges, with BTCPERP becoming the first approved spot BTC-linked perpetual contract. The CFTC approved KalshiEX LLC’s request to list BTCPERP,…

The world’s largest cryptocurrency has slipped to its lowest ranking in over two years, overtaken by surging AI-driven tech stocks and record-setting precious metals. But not everyone is alarmed.Bitcoin has once again fallen out of the world’s top 10 assets by market capitalization, a milestone that is drawing both concern and shrugs across the financial world depending on who you ask.According to data flagged by CoinDesk on May 28, 2026, bitcoin’s market cap has dropped to approximately $1.09 trillion, placing it behind gold, silver, and every member of the so-called “Magnificent Seven” — the group of U.S. tech giants that…

Crypto prime broker seeks public listing as sector-wide IPO momentum stallsCrypto trading and prime brokerage firm FalconX has taken a significant step toward a public listing, confidentially filing a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), according to a person familiar with the matter who spoke on condition of anonymity.The California-based company has also hired Wall Street firm Cantor Fitzgerald and other investment banks to advise on its initial public offering (IPO), the person said. Despite the preparatory moves, a formal listing is not expected until late 2026, as the company monitors volatile market conditions…

A synthetic crypto contract linked to SpaceX’s private market valuation collapsed nearly 45% in roughly 30 minutes on Thursday, wiping out more than $1.5 million and forcibly closing hundreds of leveraged positions on the decentralized derivatives platform Hyperliquid. The episode drew swift attention from traders and analysts, raising fresh questions about the risks of speculative pre-IPO markets built on thin liquidity.What HappenedHyperliquid’s SPACEX-USDH perpetual contract suffered a violent flash crash on Thursday afternoon, plunging from an open of $2,277 to a low of $1,254 — a near-45% collapse — within a single 30-minute window before partially recovering to around $2,169.The…

Caroline Bishop May 29, 2026 14:26 Bitcoin ETFs saw $2.8B in outflows over nine days, led by BlackRock’s IBIT with $2B withdrawn. Institutional demand weakens as BTC drops to $72,745. U.S.-listed spot Bitcoin ETFs have posted a record nine-day streak of outflows, with $2.8 billion drained through May 29, 2026, according to data from Farside Investors. This marks the longest withdrawal streak since these funds launched in January 2024, underscoring cooling institutional demand for Bitcoin exposure. BlackRock’s iShares Bitcoin Trust (IBIT), the largest U.S. spot Bitcoin ETF by assets, accounted for $2 billion…

Strategy transferred 411.48 BTC worth approximately $30.3 million to Coinbase Prime, triggering speculation about a potential Bitcoin sale. The BTC price is just 1.5% away from attempting a breakdown below the support trendline of a 4-month-long channel pattern.  The ongoing correction in BTC could seek bullish support at $72,200, $65,200, and $60,000. The original cryptocurrency, Bitcoin, shows a slight drop of 0.5% ahead of Friday’s U.S. market hours to currently trade at $73,138. While escalating U.S.-Iran military conflicts triggered the initial market retreat, the intraday sell-off rapidly deepened as a wave of investor panic took hold. Market sentiment was shattered…