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Net outflows continued in the U.S. spot Ether exchange-traded fund market. Farside Investors data showed on May 28 that U.S. spot Ether ETFs posted combined net outflows of $67.1 million the previous day, marking a 12th straight trading day of withdr
U.S. spot-Bitcoin exchange-traded funds continued to see heavy withdrawals. Trader T data for May 28 showed the U.S. spot-Bitcoin ETF market recorded total net outflows of $733.4 million a day earlier. That marked an eighth straight trading session o
Bitcoin extended its losses, falling below the $74,000 mark. As of 12:42 p.m. in Korea on May 28, Bitcoin was trading at $73,481.73 on Binance's USDT market, down 3% from a day earlier. On Upbit's won market, it was trading at 108.309 million won, do
Additional U.S. airstrikes on Iranian military facilities are once again underscoring uncertainty over ceasefire talks. Bloomberg reported on May 27 that U.S. Central Command recently carried out strikes on Iranian military targets. A U.S. official d
Korea Investment & Securities and global crypto exchange OKX are moving to jointly acquire a 40% stake in South Korean exchange Coinone. Korea Investment & Securities and OKX plan to hold a signing ceremony on May 29 for a share purchase that would g
Grayscale has issued a bullish assessment of Hyperliquid (HYPE). Wu Blockchain reported on May 27 that Grayscale said in a recent report that Hyperliquid is a "breakout success story" in the modern digital-asset industry and one of the fastest-growin
Paul Atkins, chairman of the U.S. Securities and Exchange Commission, said he would provide regulatory clarity for the digital-asset market and signaled a more innovation-friendly approach. Writing on X on May 27, Atkins said the SEC had long been ho
The Commodity Futures Trading Commission and crypto exchange Gemini have jointly asked a court to void their previous $5 million settlement and throw out the case. CoinDesk reported on May 27 that the CFTC and Gemini recently filed a motion in the U.
Pump.fun, a Solana-based memecoin platform, has carried out another sale of Solana tokens. Lookonchain said on May 27 that Pump.fun recently sold an additional 100,628 SOL, worth about $8.32 million. That brings Pump.fun's cumulative SOL sales to 4,4
Oil rebounded as uncertainty over negotiations between the US and Iran resurfaced. Bloomberg reported on May 27 that Brent crude recovered above $96 a barrel, while West Texas Intermediate traded near $90. International oil prices turned higher again
The US government has transferred some seized crypto assets tied to FTX and Alameda Research to Coinbase. Onchain Lens said on May 27 that a US government wallet sent about $1.9 million in crypto assets and $2.656 million in DAI to Coinbase. The asse
<Today’s Key Economic Events> ▶︎ May 28 (Thursday): △ Bank of Korea rate decision (10 a.m. Korea Standard Time) △ US April core PCE price index (9:30 p.m. Korea Standard Time; 8:30 a.m. ET) △ US first-quarter preliminary GDP (9:30 p.m. Korea Standard
Crypto-based card payment volume has reached a record high. KobeissiLetter said May 27 that cumulative crypto card payment volume has climbed to about $7.8 billion. Monthly payment volume has surged about 230% since May 2025. Usage has risen rapidly
President Donald Trump criticized former U.S. Securities and Exchange Commission Chair Gary Gensler and what he called anti-crypto forces, accusing them of driving the U.S. digital-asset industry overseas. In a Truth Social post on May 27, Trump wrot
Federal Reserve Governor Lisa Cook said additional interest-rate increases remain possible if inflation fails to cool. Bloomberg reported on May 27 that Cook, speaking at a Stanford University event, said risks remain tilted toward higher inflation.
The Bank for International Settlements will begin live transaction testing for a blockchain-based cross-border payments project. Bloomberg reported on May 27 that the BIS is preparing to start real-value transaction trials for Project Agorá. Particip
The White House has begun reviewing proposed rules for prediction markets. The Block reported on May 27 that the Office of Information and Regulatory Affairs, part of the White House Office of Management and Budget, recently received a draft rule on
Bitcoin fell into the $75,000 range, diverging from a rally in global equities. CoinDesk reported on May 26 that Bitcoin dropped as low as $75,498 during Asian trading hours. XRP, Ether and Solana also fell about 1% over the same period. Traders are
Bitcoin weakened after a large sale in BlackRock’s spot Bitcoin exchange-traded fund. Cointelegraph reported on May 27 that an anonymous investor sold 29.2 million shares of the iShares Bitcoin Trust ETF (IBIT). The transaction was valued at about $1
BitMine has expanded its Ethereum staking position. Onchain Lens said on May 27 that BitMine recently staked an additional 5,760 ETH, worth about $11.9 million. BitMine’s total staked Ether now stands at about 4,718,677 ETH, valued at roughly $9.76 b
U.S. spot Ether exchange-traded funds extended their run of net outflows. The funds posted combined net outflows of $35.1 million on May 27, according to Farside Investors. That marked the 11th consecutive trading day of net redemptions. Fidelity’s F
Outflows continued from the US spot-Bitcoin exchange-traded fund market. US spot-Bitcoin ETFs recorded net outflows of $333.61 million in the previous session on May 27, according to Trader T data. That marked a seventh straight trading day of net wi
David Hoffman, the Bankless co-founder known as a longtime Ethereum bull, has explained why he sold his Ether holdings. Wu Blockchain reported on May 26 that Hoffman remains bullish on the Ethereum network itself. But he said the “ETH Is Money” narra
Southeast Asia Blockchain Week 2026, or SEABW 2026, co-hosted by blockchain venture capital firm Hashed and ShardLab, concluded in Bangkok, the organizers said on May 26. The event was held on May 20 and May 21 at ICONSIAM. It brought together govern
BitMine has made its largest Ethereum purchase this year, adding 111,942 ETH over the past week. Cointelegraph reported on May 26 that BitMine Chairman Tom Lee disclosed the purchase. The buy came after Ether fell below $2,200 during a recent market
A first-time Democratic candidate backed by the cryptocurrency industry defeated a 20-year incumbent in the runoff primary for Texas's 18th Congressional District. Christopher Menefee defeated Rep. Al Green in the Democratic runoff, Eleanor Terrett,
New Hampshire has taken another step toward advancing legislation that protects rights related to blockchain activity. Bitcoin Laws reported on May 26 that the New Hampshire House and Senate agreed on a compromise version of HB639, known as the “Bloc
Bankrupt cryptocurrency exchange FTX outlined the schedule for its next round of distributions and plans to resume the claims process tied to NFTs. In a post on X on May 26, FTX said June 16 will be the record date for the next round of payments to c
Oil prices were mixed as uncertainty surrounding negotiations between the US and Iran kept traders focused on tensions in the Strait of Hormuz. Bloomberg reported on May 26 that West Texas Intermediate traded near $93 a barrel, slightly below the pre