Trust in crypto remains biggest barrier to adoption, say Consensus Miami 2026 panelists
Speakers point to complexity, poor user experience and lack of transparency as key obstacles for mainstream users.
Day: May 5, 2026
Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink
The protocol shift comes as a $71 million court fight continues to unfold.
Ethereum Withdrawals From Exchanges Just Hit An 8-Month Low: Find Out What Investors Are Waiting For
Ethereum is holding above $2,300 as the market builds toward what feels like a decisive move in either direction. The price is constructive but unresolved, and an Arab Chain report has just surfaced a shift in accumulation behavior that adds a layer of structural context to the current setup that the price chart alone does […]
XRP Pundit Shares 5 Key Points For Long-Term Holders
A crypto pundit has revealed five major investment plans for long-term XRP holders. The plan, shared publicly on X this week, outlines several key points to help investors make the most of their holdings and position themselves for potential gains. With the crypto market showing renewed volatility even as the XRP price remains in a […]
US military escorts US ships through Strait of Hormuz amid tensions
Increased military presence in the Strait of Hormuz may stabilize oil trade routes but risks escalating US-Iran tensions further. The post US military escorts US ships through Strait of Hormuz amid tensions appeared first on Crypto Briefing.
MOTHER Meltdown: Iggy Azalea Faces Federal Class Action After Token Plunges 99%
Australian rapper Iggy Azalea is now facing a federal class action connected to her Solana-based memecoin, MOTHER, after the token experienced a steep collapse in price. The lawsuit comes in the wake of a dramatic drop of roughly 99%, which plaintiffs say has left investors with significant losses. MOTHER Memecoin Suit According to the complaint […]
Forward Industries, RockawayX back OnRe to build onchain reinsurance on Solana
Forward Industries and crypto investment company RockawayX have co-led a strategic investment in OnRe, a startup building reinsurance infrastructure on the Solana blockchain, in a move aimed at bringing traditional risk-transfer markets onto decentralized rails.The companies said Tuesday they co-led OnRe’s $5 million Series A round, with Forward planning to allocate up to $25 million into the platform’s yield-bearing token on Solana.The funding will be used to expand OnRe’s platform and attract more institutional participants to onchain reinsurance, a niche but emerging segment within decentralized finance.OnRe is attempting to shift parts of the reinsurance market — where insurers offload risk to third parties — onto blockchain infrastructure, using tokenization and smart contracts to manage underwriting and capital flows.The initiative reflects a broader push to experiment with real-world financial services, including insurance and reinsurance, on blockchain networks, although adoption remains at an early stage.Forward Industries (FWDI) is the largest corporate holder of Solana (SOL), with more than 7.01 million SOL on its balance sheet, according to industry data. Its Nasdaq-traded shares gained about 5.8% in Tuesday’s regular session, according to Yahoo Finance. In after hours activity, at last look, most of that increase evaporated. SOL was last trading hands at $86.61, up about 2.7%.Forward Industries’ SOL accumulation over time. Source: CoinGeckoRelated: Dubai Insurance launches crypto wallet for premium payments, claimsBlockchain pilots target inefficiencies in global reinsurance marketWhile estimates vary, the global reinsurance market is valued at more than $600 billion, with growth driven by rising demand for risk transfer. Total reinsurance premiums are closer to $2 trillion in value. Blockchain-based platforms are being tested as a way to streamline traditionally manual processes by introducing shared ledgers for real-time tracking, underwriting and claims settlement.OnRe is not alone in this effort. Re, a decentralized reinsurance protocol, is another project aiming to connect institutional capital with collateralized insurance risk while offering tokenized yield products.Other protocols are also emerging to provide insurance and reinsurance coverage for decentralized finance applications and smart contracts, though the sector remains early-stage and largely experimental.There are also efforts to apply blockchain and digital assets across different parts of the insurance value chain. For example, insurance broker Aon has tested the use of stablecoins for paying insurance premiums. Tim Fletcher, CEO of Aon’s financial services devision, said tokenized assets are likely to become increasingly integrated into traditional financial systems. Related: Crypto Biz: Capital has no consensusCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
KelpDAO blames LayerZero infrastructure for $292M rsETH hack, shifts to Chainlink CCIP
KelpDAO says LayerZero approved the setup later blamed for the $292M rsETH hack as both sides dispute the exploits root cause. The post KelpDAO blames LayerZero infrastructure for $292M rsETH hack, shifts to Chainlink CCIP appeared first on Crypto Briefing.
US shifts to clear crypto regulations, boosting Bitcoin investor confidence
The shift to clear crypto regulations in the U.S. enhances investor confidence, potentially stabilizing and boosting long-term market growth. The post US shifts to clear crypto regulations, boosting Bitcoin investor confidence appeared first on Crypto Briefing.
Ripple CEO says market structure bill not a ‘done deal,’ despite stablecoin compromise
Brad Garlinghouse, CEO of Ripple Labs, warned Tuesday that recent progress on the digital asset market structure bill in the US Senate did not guarantee success for the legislation, speculating that the next two weeks would be crucial.Speaking at the Consensus crypto conference in Miami, Garlinghouse said that the likelihood of the market structure bill, the CLARITY Act, passing would “drop precipitously” if not addressed in the next two weeks. According to the Ripple CEO, the bill would be “too much of a loaded issue” amid campaigns for the 2026 US midterms, with primaries ongoing until the November elections.“Do I think it’s perfect? Hell no,“ said Garlinghouse, referring to CLARITY. “I challenge you to show me any piece of legislation that we would call perfect. There’s tradeoffs and compromises, but I do think clarity is better than chaos.”Source: CointelegraphThe CEO’s remarks came after US Senators Thom Tillis and Angela Alsobrooks announced a compromise on stablecoin yield last week that could lead to the advancement of the CLARITY Act. Addressing stablecoins, as well as tokenized equities and ethics, has been one of the factors holding up the bill in the Senate since it was passed by the US House of Representatives in July 2025.Related: Crypto PAC spends $500K in support of Indiana candidate ahead of primaryThe CLARITY Act, already advanced by the Senate Agriculture Committee in a January markup, also requires approval by the Senate Banking Committee before a vote in the full chamber. Garlinghouse and Ripple executives have been part of negotiations on the CLARITY Act between White House officials and representatives of the crypto and banking industries. “The Clarity Act is not a future priority; it is the priority,” said Senator Cynthia Lummis, a member of the banking committee, in a Tuesday X post. “Every corner of the industry is operating under legal uncertainty that Congress has the power to fix. The Senate needs to act.”US financial agencies already moving forward without CongressThe US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding in March to coordinate their approach to oversight of the digital asset market structure. SEC Chair Paul Atkins said that the agency‘s approach to crypto laws provided a “beginning, not an end,” with the commission awaiting passage of the CLARITY Act.Magazine: How to fix suspected insider trading on Polymarket and KalshiCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
