Pudgy Penguins Token Guide: PENGU Airdrop, Solana Tokenomics, and How to Claim

Missouri Attorney General Catherine Hanaway filed a lawsuit against CoinFlip, accusing the Bitcoin ATM operator of facilitating fraudulent transactions and profiting from potentially predatory fees. Hanaway aims to prevent CoinFlip from operating in the state and impose $1.83 million in civil penalties.

Syndicate Labs, a crypto project specializing in on-chain communities and rollup-based apps, is winding down due to market shifts away from its core business. The company considered transitioning to rollup-as-a-service consulting but found demand had moved elsewhere.

DeFi hacks have resulted in over $840 million in losses in the first five months of 2026, with North Korea accounting for 76% of global crypto hack losses. Experts believe AI is aiding attackers in finding vulnerabilities faster, exposing weaknesses in DeFi systems.

The long-term holder (LTH) supply of Bitcoin has surged to 16.3 million BTC, nearing an all-time high. This cohort, defined as investors holding Bitcoin for at least 155 days, has increased their supply by roughly 200,000 BTC in the past month alone.

An amended complaint alleges that Jane Street traders used a private chat to obtain insider information from Terraform employees before selling their $192 million TerraUSD position hours before the stablecoin's collapse. The court-appointed Terraform Labs plan administrator accused Jane Street of insider trading and shorting Terra tokens during the $40 billion crash in May 2022.

Hyperliquid's token, HYPE, surged to an intraday high of $58.97, with a 15.3% increase, outperforming Zcash and Worldcoin. The newly launched Hyperliquid ETFs saw significant net buying, surpassing the token's daily burn and increasing demand.

Bitcoin options worth $6.25 billion will expire on Deribit on May 29, with $75,000 and $80,000 as key levels. The $75,000 strike has the heaviest put concentration at $394 million, while $80,000 dominates on the call side with $532 million.

A large XRP derivatives trade on Deribit involved selling 1.5 million contracts of $1.40 call and put options, aiming for price stability until June 26. The trader received $224,500 upfront for assuming volatility risk, banking on XRP staying near $1.40.

Binance has introduced pre-IPO perpetual futures tied to SpaceX's anticipated $2 trillion valuation, allowing retail traders early exposure to high-profile IPOs. These contracts transition to reflect live market performance once the stock begins trading on a secondary exchange.

Nakamoto (NAKA) plans to execute a 1-for-40 reverse stock split to comply with Nasdaq rules, aiming to raise its share price to meet the minimum bid requirement. Shareholders approved the split after the firm posted significant losses in Q1 due to Bitcoin's price decline.