Cryptocurrency market news

Coinbase, the largest cryptocurrency exchange in the United States, has become the official issuer of $USDC treasury assets on the Hyperliquid platform and has acquired assets associated with the $USDH brand. At the same time, Hyperliquid is discontinuing support for its native stablecoin $USDH and appointing Coinbase as the official distributor of $USDC treasury reserves.

CryptoQuant, a cryptocurrency analytics company, reported that the increase in Uniswap token withdrawals from centralized exchanges has reached impressive levels. According to the company’s analysis, the massive outflow of $UNI tokens, especially through Binance, during the last week of May indicates that large investors are restructuring their market positions.

Weak CPI data triggered a reduction in risk exposure across Bitcoin derivatives markets. Open interest (OI) on major crypto exchanges fell by nearly $1.25 billion, according to CryptoQuant contributor Amr Taha.

While Ethereum and other altcoins have been trading sideways in recent days, several cryptocurrencies in South Korea recorded a notable increase in trading volume. Amid uncertainty in the South Korean stock market, trading activity for XRP surged on Upbit and Bithumb.

Binance announced that it will remove several trading pairs from its spot trading platform in an effort to maintain trading quality and improve user safety. According to the exchange’s official statement, trading for a total of 11 spot trading pairs will be discontinued on May 15, 2026, at 06:00 GMT, after which the pairs will be removed from Binance Spot.

Binance has announced a new listing aimed at expanding spot trading opportunities on the platform. According to the exchange, the trading pairs $MEGA/U, $TON/U, and $TON/$USD1 will become available starting May 12, 2026, at 11:00 AM.

Binance has announced that it will remove several trading pairs from its margin trading platform. According to the exchange’s statement, a number of $USDC trading pairs will be delisted from both cross-margin and isolated margin trading platforms on May 15, 2026, at 09:00 AM.

BitMEX has announced the launch of several perpetual contracts for currency pairs, offering users the ability to trade on the Forex market 24/7 without weekends. Among the new pairs are EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, and USD/CAD.

Cryptocurrency exchange Binance released a new version of its monthly “Proof of Reserves” report, aimed at demonstrating that user assets are backed on a one-to-one basis. The report includes user balances, blockchain wallet assets, and reserve ratios for Bitcoin, Ethereum, stablecoins, and many major altcoins.

In May, crypto exchanges Binance and Bybit will carry out major delistings affecting multiple cryptocurrency trading pairs and tokens. On May 8, 2026, Binance will remove the following 12 spot trading pairs: AVA/$BTC, BCH/$BNB, CFX/$BTC, ENA/$BTC, HBAR/$FDUSD, LA/$BNB, MAGIC/$BTC, OP/$BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/$FDUSD.

The decentralized exchange Drift Protocol presented a detailed recovery plan for users following the massive April 1, 2026 hack, during which approximately $295 million was lost. According to cybersecurity firm Mandiant, the attack was organized by cybercriminals linked to North Korea.

Binance has announced a new feature aimed at improving user security following recent events. The feature, called withdrawal protection, allows users to block the withdrawal of assets from the blockchain for a specified period of time.

Binance, a leading crypto derivatives platform, has announced the launch of three new USD-margined perpetual futures contracts on May 6, 2026, aimed at expanding trading opportunities.

Major cryptocurrency exchanges and custodial platforms, including Coinbase (NASDAQ:COIN) and Binance, are preparing their systems for the emergence of powerful artificial intelligence models capable of identifying and exploiting software vulnerabilities, according to The Information.

Coinbase Global Inc (NASDAQ:COIN) announced on Friday that a breakthrough agreement has been reached on stablecoin yield provisions, potentially resolving a months-long legislative deadlock in the U.S. Senate.

Analytics firm CryptoQuant, which specializes in cryptocurrencies, highlighted an important development in its recently published data. According to the firm’s analysis, stablecoin reserves on Binance have decreased by approximately $1.5 billion. This decline suggests that investors may be taking profits, especially after the recent market rally.