Crypto News. May 12, 2026
Bitcoin Ordinal projects, Ordio and Zap App will shutdown on June 1
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Roaring Kitty X account was hacked by his brother Kevin Gill who launched RKC token and made $500k off it
Huma Finance’s legacy V1 contracts on Polygon were exploited for ~$101.4K in USDC, V2 on Solana is unaffected and no user funds are at risk
Circle raised $222M for its Arc blockchain at a $3B valuation led by a16z, BlackRock, and Apollo
a16z crypto invested $75M in the ARC token
SharpLink and Galaxy Digital unveiled a proposed $125M onchain yield fund to deploy staked ETH into institutional DeFi strategies
Strategy acquired 535 BTC for ~$43M at ~$80,340 per coin
BitMine added 26,659 ETH to bring total holdings to 5,206,790 ETH (~4.31% of total supply)
Aptos announced a native encrypted mempool pending governance approval
Jupiter launched Jupiter Poker, an onchain platform for pros to sell tokenized shares of tournament action backed by Triton Poker
Sui launched USDsui, a gasless stablecoin backed by U.S. Treasuries and issued via Stripe’s stablecoin product
Ethereum Foundation shared progress on the upcoming Glamsterdam upgrade and announced Protocol Cluster leadership changes including the departures of Barnabé Monnot and Tim Beiko
Ripple Prime secured a $200M debt facility from Neuberger Berman to expand institutional crypto margin lending
Ronin confirmed its migration to an OP Stack Ethereum Layer 2 on May 12, with around 10 hours of scheduled downtime expected
Kraken parent company Payward is reportedly seeking fresh funding at a $20 billion valuation
Phantom surpassed $20M in builder code revenue on Hyperliquid in under a year
21Shares Hyperliquid ETF THYP will launch today, May 12, 2026.
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