News linked to both this project and an event.
According to The Block, blockchain analytics firm Chainalysis’ latest report states that as the gray-market peptide industry’s scale exceeds an annualized $100 million, leading suppliers are accelerating adoption of Bitcoin and stablecoins as primary settlement instruments. In Q1 2026, cryptocurrency inflows into this industry reached $32 million—a 159% quarter-on-quarter surge. Due to widespread bans imposed by traditional banks and credit card payment channels on prescription-grade compounds and unregulated substances, numerous Chinese chemical manufacturers have turned to cryptocurrencies for transactions, with high-value orders especially favoring stablecoins to hedge against price volatility risk.
Chainalysis has released a report stating that as demand for gray market peptide products (such as weight loss drugs like semaglutide) grows rapidly, related suppliers and buyers are increasingly using cryptocurrencies for transactions, with leading suppliers primarily relying on Bitcoin and stablecoins.The report shows that crypto funds flowing into this sector reached $32 million in the first quarter of 2026, a 159% increase from $12 million in the previous quarter, with the annualized scale already exceeding $100 million.Chainalysis points out that demand for peptide products is driven by trends in medical aesthetics, health and wellness, and the popularity of GLP-1 drugs. However, since these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict their transactions, prompting the market to shift towards crypto payments.The agency also noted that some leading suppliers have adopted more professional on-chain fund management methods. Particularly among suppliers with average single deposits exceeding $1,000, the proportion of stablecoins has significantly increased, likely to mitigate the risk of large supply chain orders being affected by crypto market volatility.
Odaily Chainalysis posted on X platform, stating that prior to the THORChain theft, wallets suspected to be linked to the attacker had been transferring funds through Monero, Hyperliquid, and THORChain for several consecutive weeks. As early as late April, the attacker-associated wallets deposited funds into Hyperliquid positions via Hyperliquid and the Monero privacy bridge. These funds were subsequently converted to USDC and transferred to Arbitrum, then bridged to Ethereum. Some of the ETH was then moved to THORChain to stake as RUNE for a newly joined node, which is believed to be the source of the attack.Subsequently, the attacker bridged a portion of the RUNE back to Ethereum and split it into four chains. One chain went directly to the attacker, passing through intermediate wallets before transferring 8 ETH to the wallet that would ultimately receive the stolen funds, just 43 minutes before the attack. The funds from the other three chains flowed in reverse. Between May 14 and 15, these wallets bridged the ETH back to Arbitrum again, deposited it into Hyperliquid, and transferred it into Monero via the same privacy bridge, with the final transaction occurring less than 5 hours before the attack commenced. As of Friday afternoon, the stolen funds remain untouched, but the attacker has demonstrated sophisticated cross-chain money laundering capabilities. The Hyperliquid to Monero path may be the next move.
Polymarket announced the launch of an on-chain market integrity monitoring system solution to monitor trading behavior and enforce platform market compliance rules. The system will be built in collaboration with blockchain data analytics firm Chainalysis, covering the entire Polymarket DeFi transaction process, including real-time on-chain analysis of trading, positions, and settlement data, and identifying potential misconduct through multi-layered monitoring mechanisms, with a focus on insider trading and market manipulation.Polymarket stated that all its transactions are completed on a public blockchain. This collaboration will further amplify the advantages of on-chain transparency, enabling regulators and law enforcement agencies to obtain verifiable on-chain evidence, thereby establishing new compliance standards in the prediction market sector. Polymarket founder and CEO Shayne Coplan stated that the platform has emphasized transparency and traceability since its inception, and this collaboration will further solidify its positioning as a "trustworthy source of market information." (Businesswire)
According to Cointelegraph, blockchain analytics firm Chainalysis released a report stating that stablecoin-adjusted transaction volume is projected to reach $719 trillion by 2035—marking a substantial increase from $28 trillion in 2025. If two major macro catalysts align, this figure could double further to $15 trillion, surpassing the current annual global cross-border payment volume of approximately $10 trillion. The two catalysts are: (1) the transfer of over $100 trillion in wealth from the Baby Boomer generation to younger, crypto-native generations; and (2) stablecoins fully replacing traditional payment rails as the default payment infrastructure. Rachael Lucas, an analyst at Australian crypto exchange BTC Markets, noted that strategic moves—including Stripe’s acquisition of Bridge and Mastercard’s partnership with BVNK—are concrete steps forward. Coupled with regulatory clarity provided by the GENIUS Act, institutional participation is expected to expand significantly.