THORChain has launched a recovery portal following a $10 million exploit, 
allowing affected users across four chains to revoke malicious approvals and 
claim refunds.

THORChain confirms $10M exploit, rolls out recovery portal for affected users

Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s 
largest crypto exchange, Upbit. The deal marks one of the clearest signs yet 
that major Korean banks are moving deeper into digital assets. Kakao Sells 
$670M Dunamu Stake to Hana Bank Hana Bank has agreed to acquire a significant 
stake in […]

Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push

SpaceX&#8217;s stock split enhances private market liquidity, potentially boosting 
employee flexibility and investor interest in tech equities.
The post SpaceX shareholders approve 5-for-1 stock split as private market 
liquidity push heats up appeared first on Crypto Briefing.

SpaceX shareholders approve 5-for-1 stock split as private market liquidity push heats up

Bitcoin’s price performance in the last week saw a slowdown to the asset’s 
relief rally that began in early April. According to data from CoinMarketCap, 
the market price declined by 1.45% in a range-bound week, during which bulls 
failed to overcome a key resistance level at $82,000. Notably, the current 
market status has led to polarized analysis: some analysts view this 
opposition as a pause in a recovering market, while others are more 
pessimistic, predicting another major downswing, perhaps to the actual market 
bottom. Related Reading: Bitcoin Cannot Clear $82K – Analyst Explains How 
Traders Are Using Every Rally to Exit Bitcoin’s Fate In Another Potential 
Correction In an X post on May 15, pseudonymous seasoned analyst Titan of 
Crypto (@washigorira) shares an insight into Bitcoin’s market direction using 
the Bitcoin Power Law model V2.0, i.e., a long-term pricing model that 
suggests BTC&#8217;s price follows a predictable growth trend when plotted on a 
logarithmic scale. As seen below, the leading cryptocurrency has maintained a 
consistent trajectory within the model’s upper and lower boundaries throughout 
its history, with every major market bottom holding above the lower green 
support band. Amid dominant speculation that the recent rally could be a bull 
trap, the Bitcoin Power Law Model suggests that, in the event of a broader 
market crash, BTC’s worst-case price floor currently stands around $42,800. 
In this case, a negative turnout could lead to a 50% decline from current 
market levels. However, Titan of Crypto shares a personal opinion backing 
Bitcoin to maintain its current level and resume its price rally. The analyst 
explains that Bitcoin’s current market structure closely resembles the 
2018–2019 cycle, during which the price successfully defended the first 
support band before staging a significant bullish breakout. If the maiden 
cryptocurrency follows the same trajectory, Bitcoin’s current uptrend could 
surpass the present all-time high to reach a new peak above $200,000, around 
the middle price band of the Bitcoin Power Law Model. However, these 
predictions remain subject to several factors, including global macro policy, 
institutional adoption, and regulation development, all of which are key to 
shaping overall market sentiment. Related Reading: Dogecoin Recovery Push 
Continues, But Bears Still Threaten One Final Drop Bitcoin Price Overview At 
press time, Bitcoin trades at $78,361, down 2.72% over the last day. As 
Bitcoin’s momentum continues to decline in May, the monthly price chart now 
reports a 4.50% gain. To sustain its current uptrend, BTC must break above the 
sturdy $82,000 price barrier, which could pave the way for a move toward the 
next major resistance at $88,000. On the downside, bulls must defend the 
crucial $78,000 support level, as a breakdown below this level could close out 
the present range-bound movement with a downswing. Featured image from Pexels, 
chart from Tradingview

Bitcoin Power Law Forecasts Price Bottom Of $42,800 – Details

The interim Fed leadership highlights potential governance challenges and 
market uncertainties during transitions, impacting economic stability.
The post Powell gets temporary Fed chair role as Senate-confirmed Warsh 
prepares to take over appeared first on Crypto Briefing.

Powell gets temporary Fed chair role as Senate-confirmed Warsh prepares to take over

A new global financial crisis is not confirmed, but the path toward one is now 
visible enough to map. The sequence starts with debt and oil before it reaches 
credit. Long-end sovereign yields and Brent crude are already close enough to 
stress levels to make the policy squeeze urgent. To close out the week, the 
[…]
The post Markets are moving toward a new global financial crisis. These are 
the tripwires that would confirm it appeared first on CryptoSlate.

THORChain confirms $10M exploit, rolls out recovery portal for affected users

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