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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
05/20/2026 08:09 PM South Korea Funeral Firm Hit by $33M Loss on Crypto ETF Trade
TLDR A South Korean funeral company reported a $33 million unrealized loss from a leveraged Ethereum ETF investment. The firm used prepaid customer funeral funds to invest in a high-risk crypto-linked exchange-traded fund. The investment dropped from 59.5 billion won to 10.2 billion won by the end of 2025. The ETF aimed to deliver twice [...]
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05/20/2026 07:59 PM Fireblocks Enters x402 Foundation with New AI Payments Suite
TLDR Fireblocks launched an Agentic Payments Suite to support AI-driven blockchain transactions. The company joined the x402 Foundation to help promote a standard payment protocol for AI agents. The new platform includes wallet infrastructure for AI agents to send and receive funds securely. Fireblocks added compliance and settlement tools to support regulated financial institutions. The [...]
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05/20/2026 07:49 PM 21Shares Hyperliquid ETF Hits $14M Volume Days After Debut
TLDR The 21Shares Hyperliquid ETF recorded a rapid increase in daily trading volume within days of its launch. The ETF’s turnover rose from about $1.8 million on its first day to nearly $14.08 million. The surge represents a 682% increase in trading activity over a short period. Bloomberg analyst Eric Balchunas said the growth reflects [...]
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05/20/2026 07:35 PM EU Opens MiCA Review to Test Crypto Rules Against Market Changes
TLDR The European Commission has launched a public consultation to review whether MiCA remains suitable for evolving crypto markets. Stakeholders, including crypto firms, banks, and the public, can submit feedback until Aug. 31. The review will assess how MiCA performs after its full implementation across the European Union in 2024. Officials are examining both legal [...]
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05/20/2026 07:23 PM Kraken, Coinbase User Hit by $6.7M Crypto Theft and Laundering
TLDR A Kraken and Coinbase user lost about $6.7 million after attackers drained crypto from both exchange accounts. The stolen assets included Ethereum, Bitcoin, and cbBTC withdrawn in a short and coordinated series of transactions. On-chain analyst Specter traced the stolen funds to new wallet addresses across the Ethereum and Bitcoin networks. Attackers moved about [...]
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05/20/2026 07:13 PM Market Spotlight: Nvidia (NVDA) Earnings, ASML Rally, Strategy (MSTR) Target Hike, and Target’s (TGT) Strong Quarter
Nvidia earnings loom as ASML surges 6.7%, Strategy gets $400 target from TD Cowen, and Target beats estimates. Today's critical market stories analyzed.
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05/20/2026 07:12 PM European Commission Reviews MiCA as Global Crypto Regulation Race Heats Up
TLDR: The European Commission opened a formal MiCA consultation open to the public through Aug. 31, 2026. Two consultation tracks run in parallel — one for the public and one for technical industry stakeholders. Coinbase’s Europe policy head backed targeted MiCA improvements while opposing a reopening of core principles. The ECB supported centralizing supervision of [...]
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05/20/2026 07:09 PM Dragonfly Leads $50M Round for Arbitrum Platform Variational
TLDR Variational raised $50 million in a Series A round led by Dragonfly Capital. Bain Capital Crypto and Coinbase Ventures also participated in the funding round. The Arbitrum-based platform focuses on onchain derivatives and real-world asset trading. The company launched Phase 1 of its rollout with gold, silver, copper, and oil markets. Variational plans to [...]
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05/20/2026 07:06 PM Strategy (MSTR) Stock Surges on TD Cowen’s $400 Price Target After Massive Bitcoin Acquisition
TD Cowen raises Strategy (MSTR) price target to $400 after $2B Bitcoin buy. Analysts see 143% upside as company holds 843,738 BTC. Strong Buy consensus.
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05/20/2026 07:05 PM Goldman Sachs Upgrades Enphase Energy (ENPH) Price Target Despite Stock Decline
Goldman Sachs boosts Enphase Energy (ENPH) price target to $57, signaling 21.9% upside, despite mixed Q1 earnings and declining revenue figures.
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