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Grayscale Says Strategy Faces Test as Capacity for More Bitcoin Buying Shrinks

Strategy, the world’s largest corporate Bitcoin treasury company, is running into headwinds in its accumulation strategy, according to an analysis. Cointelegraph reported on June 5 that Grayscale Research Head Zach Pandl said changes in Strategy’s ap

Coinone Brings In Korea Investment & Securities, OKX as Strategic Investors to Pursue Global Finance Push

Korea Investment & Securities, OKX Become Coinone’s Joint Third-Largest Shareholders South Korean cryptocurrency exchange Coinone said it has brought in Korea Investment & Securities and global digital-asset exchange OKX as strategic investors as it

Coinone CEO Says Korea Investment, OKX Stakes Will Fuel Broader Blockchain Finance Expansion

Coinone said it plans to use strategic investments from Korea Investment & Securities Co. and OKX as a springboard to expand into a broader blockchain-based financial company. At a press briefing held at Coinone’s office in Yeouido’s Parc1 Tower on J

OKX Founder Says Coinone Partnership Will Help Build Trust With South Korean Regulators

Star Xu, founder and chairman of global cryptocurrency exchange OKX, said the company aims to expand in South Korea through its partnership with Coinone. At a press briefing at Coinone’s office in Seoul’s Yeouido district on June 4, Xu said the focus

Korea Investment Securities Says Coinone Stake Is Strategic Bet on Digital-Asset Era

"Korea Investment Securities' investment in Coinone is not a simple financial investment but a strategic one. We made the investment to help connect institutional finance and the virtual-asset, or cryptocurrency, market." Kim Sung-hwan, chief executi

Iran Parliament to Vote Soon on Bill Formalizing Authority Over Strait of Hormuz

Iran's parliament is set to vote soon on a bill that would formally establish the country's management and sovereign authority over the Strait of Hormuz. Iran's semi-official Nour News reported on May 30 that Alireza Salimi, a member of parliament's

Analysis: Solana’s Most Important Support Level Is $78.17

Solana’s near-term direction hinges on whether it can hold the $78.17 level, according to analyst Ali Martinez. Martinez wrote on X on May 30 that $78.17 is currently one of the most important support levels for Solana. Holding above that level could

Binance Targets 3 Billion Active Users by 2030, Expands Traditional Finance Partnerships

Binance aims to increase its active user base to 3 billion by 2030, about 10 times its current level, as it pushes ahead with expansion despite a market downturn. Catherine Chen, Binance's head of VIP and institutional, told CoinDesk in an interview

SEC Charges Texas Man in Alleged AI Crypto Trading Bot Fraud

The U.S. Securities and Exchange Commission has charged a Texas man with securities fraud for allegedly using an artificial intelligence-based crypto investment program to deceive investors, Cointelegraph reported on May 30. The SEC alleges that Nath

Quantum Computing Poses Bigger Threat to Financial Infrastructure Than Wallets

Quantum computers, once commercialized, could pose a greater threat to the financial system than to individual wallets, CoinDesk reported on May 30. Andrew Gault, chief executive officer of Zerotier, said the financial system's most dangerous vulnera

EU Weighs Taxes on Online Gambling and Crypto to Raise Up to 28 Billion Euros Over Seven Years

The European Union is considering new taxes on online gambling, cryptocurrencies and digital platform companies as it looks to raise funds for its next long-term budget. Politico reported on May 30 that the European Commission, in a document shared w

Bitcoin Treasury Boom Still Has Plenty of ‘Carnival Barkers,’ BSTR Co-Founder Says

Public companies pitching Bitcoin treasury strategies are proliferating, but some of them have weak underlying business models, Cointelegraph reported on May 30. BSTR co-founder Sean Bill told Cointelegraph that many companies lack a proper capital s

Cardano Breaks Long-Term Support, With $0.247 Reclaim Seen as Critical

Cardano's ADA has broken below a key support level that had anchored its long-term uptrend, according to analyst Ali Martinez. Martinez wrote on X on May 30 that ADA had traded within a multi-year price channel since 2021, with the channel's lower bo

Iran’s PGSA Says US Sanctions Prove Its Success, Rejects Loss of Hormuz Control

Iran’s Persian Gulf Strait Authority, or PGSA, a body established to manage the Strait of Hormuz, pushed back against US sanctions and said the move was evidence of its own success. In a post on X on May 30, the agency said the US Treasury had recent

Circle Appears to Have Blacklisted Zama’s Confidential USDC Contract

Circle appears to have blacklisted Zama’s Confidential USDC, or cUSDC, contract. ZachXBT wrote on his “Investigation by ZachXBT” Telegram channel on May 30 that Circle added the Ethereum-based cUSDC contract to its blacklist about seven hours earlier

Spot Bitcoin ETFs Post Weekly Net Outflows of $1.4156 Billion

Spot Bitcoin exchange-traded funds posted heavy net outflows this week. Data from Farside Investors showed spot Bitcoin ETFs recorded total net outflows of $1.4156 billion for the week as of May 30. BlackRock's IBIT posted the largest outflow at $966

Bitdeer Mines 206.2 Bitcoin This Week, Sells Entire Haul

Bitdeer said in a post on X, formerly Twitter, on May 30 that it mined 206.2 Bitcoin this week. The company sold all of the newly mined tokens. As a result, Bitdeer kept its Bitcoin holdings at zero.

Cross-Chain Bridge Gravity Suffers Suspected Hack With Estimated Losses of $5.4 Million

Gravity Bridge, a cross-chain bridge project, appears to have suffered a hacking attack that resulted in the theft of about $5.4 million in assets. Odaily reported on May 30 that an attacker was seen siphoning off funds after Gravity Bridge's contrac

Greece’s Former Finance Minister Varoufakis Says He Donated All 2,000 Bitcoin

Yanis Varoufakis, Greece’s former finance minister and an economist, said he once held 2,000 Bitcoin. In an interview, Varoufakis said he donated the entire holding because he did not agree with Bitcoin’s underlying philosophy, Bitcoin News reported

Crypto Market Weakens Even as S&P 500 Extends Rally to Nine Straight Weeks

Bitcoin and Ether fell despite a continued rally in U.S. stocks, underscoring a divergence between cryptocurrencies and broader financial markets. CoinDesk reported on May 30 that the S&P 500 rose for a ninth consecutive week, marking its longest wee

White House Says Draft US-Iran MOU Published by Iranian State Media Is Fabricated

The White House denied the authenticity of a memorandum of understanding, or MOU, published by Iranian state media that purported to outline talks between the US and Iran. On May 27, the White House said on its Rapid Response 47 account on X, formerl

Block Rolls Out USDC Payments on Cash App, Plans Expansion to All Users Before Weekend

Block Inc.'s mobile payments service Cash App is rolling out stablecoin payment features in phases. CoinDesk reported on May 27 that Cash App has begun deploying payment and transfer functions using Circle's USDC. Block has not issued an official sta

DTCC Plans Stellar Link for Tokenized Assets by First Half of 2027

Depository Trust & Clearing Corp. plans to link tokenized assets to the Stellar network, according to a May 27 CoinDesk report. DTCC said it will work with the Stellar Development Foundation, or SDF, to connect its tokenized securities platform to th

Banca Sella Gets Italy’s First MiCA Approval for Crypto Services

Banca Sella is preparing to launch cryptocurrency services after receiving approval from the Bank of Italy under the European Union’s Markets in Crypto-Assets regulation, or MiCA. CoinDesk reported on May 27 that Banca Sella had been granted a Crypto

Bitcoin Falls Below $75,000

JPMorgan CEO Says Bank Could Issue Stablecoin in Future

Jamie Dimon, chief executive officer of JPMorgan Chase, said the bank could issue its own stablecoin in the future. Odaily, a Chinese cryptocurrency news outlet, reported on May 27 that Dimon said, "JPMorgan could issue a stablecoin in the future." J

Polymarket Moves to Tighten User Identity Checks Over Sanctions, Legal Risks

Polymarket, the world’s largest prediction-market platform, is tightening know-your-customer procedures to address regulatory and sanctions risks. The Information reported on May 27 that Polymarket is actively pushing traders to complete identity ver

Falcon Finance, Anchorage Launch Institutional Stablecoin fUSD

Falcon Finance said May 27 that it launched fUSD, a stablecoin for institutional investors, with Anchorage Digital Bank, a federally chartered US crypto bank. fUSD is issued by Anchorage and operates on the infrastructure of institutional custody pla

Iran State TV Publishes Draft US-Iran Accord, Says UN Approval Would Follow if Finalized Within 60 Days

The Kobeissi Letter reported on May 27 that Iran's state-run Press TV had published the contents of a draft memorandum of understanding for a peace accord with the US. The draft calls for a US withdrawal from areas near Iran and for the US Navy to li

10x Research Says Crypto Treasury Companies Trade Below NAV, Creating Investment Opportunity

Companies holding reserves of cryptocurrencies such as Bitcoin and Ether are trading at market capitalizations below their net asset value, a gap that could present an investment opportunity, according to 10x Research. In a report posted on X on May