Ether withdrawals for KelpDAO users impacted by the rsETH incident are expected to restart within 24 hours after the attacker's rsETH on Arbitrum was burned and the bridge lockbox began being refilled. The exploit started April 18 with the minting of 116,500 unbacked rsETH, and the recovery process included liquidating eight Aave V3 positions on May 6 and steps to restore 1:1 ETH backing.

Strategy is estimated to have added about 2,110 BTC on May 13, with the purchase funded by new proceeds from its STRC perpetual preferred stock program. The company previously said it raised $206 million by selling 2.12 million STRC shares, and its bitcoin holdings would climb to roughly 820,979 BTC if the estimate is confirmed.

JPMorgan Asset Management has filed with the U.S. SEC to launch JLTXX, a second tokenized money market fund on Ethereum run through its Kinexys Digital Assets unit. The filing follows the debut of its first tokenized fund, MONY, in December 2025, and describes a portfolio fully invested in short-term U.S. Treasuries and fully collateralized overnight repos. JLTXX still needs SEC approval and is expected to initially target institutional buyers rather than retail investors.

Blockchain investigator ZachXBT alleged that Bitget founder Shawn Liu is effectively running the exchange behind the scenes, while CEO Gracy Chen serves as a public-facing figure. He also signaled a coming escalation targeting what he calls a "Chinese CEX cartel," and said his claims had not been publicly addressed by Bitget or Liu at the time of writing.

Ten newly created wallets withdrew 100 million LAB tokens from Bitget in a 12-hour span, valued at about $480 million and equal to 32.26% of circulating supply. The transfers add to an ongoing manipulation probe after LAB rose from roughly $0.70 to nearly $3.30 on May 2 and later drew a $10,000 bounty tied to alleged market-making activity.

A bipartisan group of U.S. House lawmakers will meet behind closed doors on May 14, 2026, to debate proposed changes to crypto taxation, including rules for staking, trading, and small payments. The discussion centers on the Digital Asset PARITY Act, which would allow staking taxes to be deferred for up to 5 years and remove capital gains tax on qualifying stablecoin purchases under $200. The meeting is scheduled for the same day the Senate Banking Committee is set to vote on the CLARITY Act.

A wallet linked to Bitforex founder Garrett Jin sent a total of 577,896 ETH—about $1.35B—to Binance across four days ending May 11, 2026. The ETH was reportedly accumulated about eight months earlier via a BTC-to-ETH swap when ether traded at $4,591, and with ETH near $2,330 the position is down roughly 49%. Onchain records also indicate the wallet still holds around 9,343 BTC, valued at about $757M.

On May 11, the TRUMP meme coin team's allocation wallet routed 7 million TRUMP tokens (about $17.22 million) into Bitgo custody, after first sending 4.915 million TRUMP to an intermediate address. The transfer follows earlier deposits to Bitgo in January 2025 totaling $31.45 million and $23.18 million that were later followed by price declines.

Macro investor Raoul Pal says the chances of a Bitcoin “supercycle” by the end of 2026 have increased, arguing that debt monetization and a record global capex boom could drive a multi-year bull market. He reiterates a $450,000 per BTC scenario tied to central banks adding liquidity, while noting his view is probabilistic rather than certain. Bitcoin was trading around $81,000 after falling from a 2025 high above $124,000.