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Zcash Surges Past $600 as Traders Drive 40% Spike, Flipping Monero by Market Cap

Coins Legend May 6, 2026 0

Zcash soared more than 40% on May 6, hitting a $600 peak and briefly propelling its market capitalization to $10 billion. Key Takeaways: ZEC surged 40% on May 6 to hit $600, briefly pushing its total market capitalization to $10 billion. Multicoin Capital built a major ZEC position, citing its

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Binance Launches ‘Withdraw Protection’ as Crypto Wrench Attacks Rise 75%

Coins Legend May 6, 2026 0

Binance has rolled out a new safety feature called ‘Withdraw Protection,’ letting users freeze outgoing transfers from their accounts for up to seven days, a direct response to a global surge in violent physical attacks targeting crypto holders. Key Takeaways: Binance launched ‘Withdraw Protection’ on May 4, offering users a provision to block outgoing transfers […]

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Strategy May Sell Bitcoin to Fund Dividends, Saylor Breaks From ‘Never Sell’ Stance

Coins Legend May 6, 2026 0

Michael Saylor has signaled that Strategy, the world’s largest corporate bitcoin holder, may sell a portion of its BTC to meet preferred stock dividend obligations, a significant departure from the firm’s founding promise to never liquidate its cryptocurrency reserves. Key Takeaways: Saylor said Strategy may sell BTC to pay dividends in May 2026, reversing its […]

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Zano Prepares Trustless Cross-Chain Bridge for Native ZANO After Hard Fork 6

Coins Legend May 6, 2026 0

Zano is set to open native ZANO to EVM networks, TON, and Solana through a non-custodial bridging mechanism tied to its upcoming Hard Fork 6, slated for Q2 2026. Key Takeaways: Zano’s Hard Fork 6, targeted for Q2 2026, introduces Gateway Addresses enabling trustless bridging of native ZANO to EVM, TON, and Solana networks. The […]

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Aave Challenges $71M Freeze, Seeking Fast Ruling to Restart Restitution for Users

Coins Legend May 6, 2026 0

On May 4, decentralized finance protocol Aave filed an emergency motion to lift a restraining notice that has frozen $71 million in recovered ethereum. Key Takeaways: Aave filed a May 4 motion to vacate a court order freezing $71 million in ETH recovered from a recent exploit. ZachXBT alleged the freeze involves fraudulent claims, impacting […]

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Banks Reject Stablecoin Yield Compromise, Demanding Stricter Crypto Limits

Coins Legend May 6, 2026 0

A group of banking associations has recently addressed the public draft of the Clarity Act, which “falls short” of prohibiting the payment of yield and interest on stablecoins. The issue has created a divide among banks, with some supporting and others rejecting the proposal. Key Takeaways: Rejecting the Digital Asset Market Clarity Act over a […]

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Bullish Announces $4.2B Equiniti Deal to Build Tokenized Securities Transfer Agent

Coins Legend May 6, 2026 0

Bullish agreed to buy Equiniti for $4.2 billion, aiming to connect digital assets with shareholder recordkeeping. The deal would create a global transfer agent for tokenized securities and includes $1.85 billion of assumed debt. Key Takeaways: Bullish plans to acquire Equiniti in a $4.2 billion stock-and-debt transaction. Equiniti brings nearly 3,000 issuer clients and

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Coinbase Cuts 14% of Workforce, Targets Leaner AI-Era Model

Coins Legend May 6, 2026 0

Coinbase will cut about 700 employees as it restructures around weaker crypto market conditions and artificial intelligence-driven productivity gains. The company said the 14% workforce reduction is meant to manage expenses, streamline operations, and position Coinbase for the AI era. Key Takeaways: Coinbase will reduce its workforce by about 14%, affecting roughly 700

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Bitcoin’s Bull Case Hinges on Macro Conditions, Wintermute Says

Coins Legend May 6, 2026 0

Bitcoin’s upside remains tied to macro stability as BTC trades near $81,000. Wintermute said strengthening on-chain data and ETF inflows have not yet confirmed an independent breakout. Key Takeaways: Bitcoin approached $82,000 resistance but still lacks confirmation of a sustained breakout. ETF inflows reached $2.6 billion, while late outflows signaled weakening demand.

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Kraken, Moneygram Expand Crypto Off-Ramps Across 100+ Countries

Coins Legend May 6, 2026 0

Kraken and Moneygram are linking crypto balances to cash withdrawals through a global pickup network. The partnership supports local-currency payouts across hundreds of fiat currencies and more than 100 countries. Key Takeaways: Kraken partnered with Moneygram to support crypto-to-cash withdrawals across more than 100 countries. Customers can access local currency through