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Grayscale and Vaneck Both Update Spot BNB ETF Filings as US SEC Review Heats Up

Coins Legend May 16, 2026 0

Grayscale has submitted a second amended S-1 for its proposed spot BNB exchange-traded fund, a development Bloomberg ETF analyst James Seyffart says indicates active SEC engagement. Vaneck filed its own competing update on the same day. The Race for a Spot BNB ETF Grayscale’s second amended S-1

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A16z Crypto Warns US Falling Behind MiCA as Senate Committee Advances CLARITY Act

Coins Legend May 16, 2026 0

The Senate Banking Committee voted on May 14, 2026, to advance the Digital Asset Market CLARITY Act, pushing the United States closer to its first comprehensive crypto market structure law. A16z Crypto Backs CLARITY Act After Senate Committee Vote The committee’s “markup” vote moved the legislation forward on a bipartisan basis. Miles Jennings, General Counsel […]

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DHI CEO Says Bhutan Has No Recollection of Selling BTC Despite Balance Drop Flagged by Arkham

Coins Legend May 16, 2026 0

While reports tied to onchain-tracked wallets have widely circulated claims that Bhutan has been reducing its bitcoin holdings over the past year, Druk Holding and Investments (DHI) told the media the firm does not “recall” the last time the entity sold BTC. Arkham Tracks Bhutan BTC Falling From 13K, While Druk Holding and Investments Boss […]

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Multicoin Capital Sends Entire AAVE Stack to Coinbase Prime After $40M Loss Deepens

Coins Legend May 16, 2026 0

Multicoin Capital has moved all 286,057 of its remaining aave tokens, worth approximately $26.68 million, into Coinbase Prime, the clearest signal yet that the fund is exiting a position sitting on over $40 million in losses. How the Position Was Built Onchain data shows Multicoin Capital transferring its entire remaining Aave (AAVE) position of 286,057 […]

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Stablecoin Market Cap Tops $323.3 Billion as Weekly Inflows Log $1.5 Billion

Coins Legend May 16, 2026 0

The stablecoin sector climbed to a fresh zenith of $323.343 billion during the last seven days as $1.542 billion entered the market. Tether posted a modest 0.04% gain while maintaining market dominance near 58.67%. Tether Commands 58.67% of Stablecoin Market; Western Union USDPT Rises 597,568% Tether’s USDT remains the dominant force in the stablecoin sector […]

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Bitcoin Mining Stocks Sink Friday Yet Still Beat BTC in 2026 Performance

Coins Legend May 16, 2026 0

Publicly-listed bitcoin miners took a beating on Friday, May 15, 2026, with every major traded mining stock dropping between 2.52% and 9.59% in a single session, even as their year-to-date gains outpaced bitcoin’s own performance by a wide margin. Bitcoin Miner Stocks Suffer on Friday, But Still Hold Solid 2026 Gains Bitcoin closed the week […]

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Bitcoin Slides to $77,614 as US and Israel Weigh New Strikes on Iran

Coins Legend May 16, 2026 0

Bitcoin fell below $78,000 (hitting a session low of $77,614), a drop that erased its monthly gains and shaved over $40 billion off its market cap. Bitcoin Slips Below $78,000 as Geopolitical Tensions Rise Bitcoin dipped below $78,000 Saturday morning amid fears that the U.S. and Israel are about to resume bombing Iranian facilities. Bitstamp […]

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Dogecoin Whale Bets $2.25M With 10x Leverage as Big Wallets Hoard Record 108B DOGE

Coins Legend May 16, 2026 0

A newly created crypto wallet opened a $2.25 million, 10x leveraged long on dogecoin, betting on an upside move with a liquidation price at $0.10284, less than 10% below current spot price. High Stakes, Tight Margin A 10x leveraged position amplifies profits and losses by a factor of ten such that if DOGE rises 10%, […]

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Drake Drops 43 Songs and Calls Himself a ‘BTC Crypto Big-Timer’ on New Track ‘Dust’

Coins Legend May 16, 2026 0

Rap star and hip-hop veteran Drake dropped three surprise solo albums on May 15, 2026, totaling 43 tracks, and buried the crypto world’s most talked-about verse inside a single boastful cut called “Dust.” Drake Releases Triple Album in May 2026 and Plants Bitcoin, FTX Shoutout on Iceman Cut The three projects, “Iceman,” “Habibti,” and “Maid […]

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Arthur Hayes Tells CME and ICE Off as HYPE Drops Nearly 9% After Lobbying Push

Coins Legend May 16, 2026 0

Legacy exchange operators CME Group and ICE are reportedly lobbying U.S. authorities to force federal oversight onto Hyperliquid. The crypto community and the Hyperliquid Policy Center fiercely rejected the claims, arguing that public blockchain ledgers offer total transparency. Legacy Exchanges Raise National Security Alarms In what is shaping up to be a clash between