Taiwan considers resubmitting request for rejected defence budget items

TAIPEI, May 14 (Reuters) – Taiwan’s government said on Thursday it was considering resubmitting its request to Congress given the importance to Taiwan’s security of items that lawmakers cut from the special defense budget. Taiwan’s opposition-controlled parliament last week approved only two-thirds of the $40 billion special defense budget requested by President Lai Ching-te to…

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Coinbase (COIN) backs Hyperliquid (HYPE) stablecoin push as DeFi trading volumes climb

Coinbase (COIN) is expanding its presence on Hyperliquid (HYPE), one of the fastest-growing exchange networks for cryptocurrencies, by becoming the official vault deployer of USDC on the blockchain, the company announced Thursday. The move gives Coinbase a central role in managing USDC liquidity on Hyperliquid through the network’s Aligned Quoted Assets (AQA) framework. The system…

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Why bitcoin’s recent climb to $80,000 might just be a temporary liquidity squeeze

Bitcoin’s on-chain indicators are flashing their most constructive signals since early February, but underlying seller behavior and derivatives positioning suggest the path to new highs won’t be easy, Bitfinex said in an analyst note to CoinDesk on Thursday. Long-term holders have increased their Bitcoin holdings by 300% to nearly 4 million tokens since late 2025,…

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Iran says its small subs deployed to Strait of Hormuz as expert explains threat: ‘Vulnerable to detection’

Iran says it has deployed small submarines to act as “invisible guardians” of the Strait of Hormuz amid a series of rejected peace deals between Tehran and the United States. The deployment announcement comes as analysts say that while Iran’s Ghadir-class midget submarines could threaten the U.S. Navy, the ships’ limited range, firepower and endurance…

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Turnkey raises $12.5 million in round backed by Circle Ventures and Sequoia Capital

Turnkey has raised $12.5 million in a strategic investment round backed by Archetype, Circle Ventures and existing investors, bringing its total funding to more than $65 million. Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital and Variant are also involved. This funding follows Turnkey’s $30 million Series B round last year, led by Bain…

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