Uk Jin

France Sees Surge in Violent Crypto Crimes, With 41 Cases This Year

Kidnappings and extortion targeting wealthy cryptocurrency holders are rising sharply in France, according to an industry analysis. The industry has cited the risk of leaks of centralized know-your-customer, or KYC, data as a key driver. Wu Blockchai

StablR Hack Triggers EURR, USDR Depegging

Stablecoin issuer StablR suffered a hack that sent the prices of its stablecoins away from their fiat pegs. Cointelegraph reported on May 24 that blockchain security firm Blockaid detected an ongoing exploit involving StablR’s issuance system. Losses

Arthur Hayes Says Michael Saylor Isn’t There to Protect Bitcoin Investors

Retail investors should not lean too heavily on Strategy’s Bitcoin purchases, Arthur Hayes said. In an interview cited by Cryptopolitan on May 24, the BitMEX co-founder said Michael Saylor, Strategy’s executive chairman, is there to protect the compa

US-Iran Draft MOU Includes Reopening Hormuz, Allowing Iranian Oil Exports: Axios

The US and Iran are drafting a memorandum of understanding to extend a 60-day ceasefire, and the proposal includes reopening the Strait of Hormuz and allowing Iranian oil exports, Axios reported. Axios, citing a senior US official familiar with the m

Hyperliquid Jumps 50% in a Week as Tokenomics, Not ETFs, Fuel Rally

Hyperliquid’s native token, HYPE, has surged in recent days, with investors pointing to several factors behind the rally. Some cite the recent launch of exchange-traded funds tied to the token as a catalyst. Others argue the bigger driver is the prot

Binance to Require More Identity Details for Australian Crypto Transfers

Binance will require Australian users to provide additional identity information for cryptocurrency deposits and withdrawals as it tightens compliance with local regulations. In a notice published May 24, Binance said it plans to gradually change cry

Russia Requires Crypto Miners to Report ASIC Machine IP Addresses

Russia has required cryptocurrency miners and mining infrastructure operators to submit the IP addresses of their ASIC mining machines, a move aimed at improving digital-asset transaction tracking, curbing illegal mining and strengthening power-grid

Aave to Focus on Strengthening Revenue Model Over Next 12 Months

Aave, a decentralized finance protocol, said it plans to strengthen its revenue model. Stani Kulechov, the project's founder, wrote on X on May 24 that "sustainable and consistent revenue proves DeFi can evolve beyond simple token speculation into a

Crypto Fear & Greed Index Drops 3 Points to Extreme Fear

A gauge of investor sentiment in the cryptocurrency market has fallen into extreme fear after the US and Iran failed to reach an agreement, damping risk appetite. Alternative said on May 24 the Crypto Fear & Greed Index fell 3 points from the previou

Iran Foreign Ministry Says It Is Focused on Final Coordination of Memorandum of Understanding With US

CLARITY Act Could Expand Service-Based Revenue Models in Crypto

Debate over the CLARITY Act is intensifying in the US Congress, and passage of the bill could reshape how the crypto industry generates returns, CoinDesk reported on May 23. Joe Bolono, chief commercial officer at STBL, told CoinDesk the industry has

Trump Pauses Additional Iran Strikes, Gives Diplomacy More Time: WSJ

President Donald Trump is holding off on any immediate decision on additional military action against Iran to give diplomatic efforts more time, the Wall Street Journal reported on May 23, citing multiple people familiar with the matter. Trump met wi

Man Accused of Orchestrating France Crypto Kidnappings Sentenced to 25 Years

A man identified as the organizer behind a string of kidnappings targeting figures in France’s cryptocurrency industry has been sentenced to 25 years in prison. Cryptopolitan, citing local outlets and French media, reported on May 23 that Morocco’s T

Iran Warns Trump of ‘Far More Devastating’ Consequences if War Resumes

Trump Abruptly Cancels Holiday Plans Tensions Spike Over Prospect of Renewed US Airstrikes on Iran Pakistan, Qatar Step Up Last-Minute Mediation Iran Warns of ‘Far More Devastating’ Consequences Pakistan and Qatar stepped up last-minute mediation eff

DeFi Bridge Hack Losses Top $328.6 Million This Year

Losses from decentralized finance, or DeFi, bridge hacks have reached $328.6 million so far this year. Cointelegraph reported on May 23, citing data from blockchain security firm PeckShield, that there have been eight bridge-related hacking incidents

Iran Speaker Says Response Would Be More Destructive if Trump Resumes War

Iran will respond more forcefully if the US takes additional military action, an Iranian official said. Tasnim News reported on May 23 that Iranian Parliament Speaker Mohammad Bagher Ghalibaf made the remarks during a meeting with Pakistan’s army chi

Chinese Court Sentences Bitcoin Thief to 12 Years

A Chinese court sentenced a man to more than 12 years in prison for stealing Bitcoin and converting it into cash. The ruling found that while Chinese authorities ban financial transactions involving virtual assets, Bitcoin qualifies as property under

ECB Pushes Back Against Euro Stablecoin Expansion on Financial Stability Concerns

The European Central Bank has pushed back against efforts to expand euro-denominated stablecoins, citing concerns that broader issuance could undermine bank deposits and complicate monetary policy. Cointelegraph, citing Reuters, reported on May 23 th

CFTC Chair Says Crypto Is Unlikely to Be Outlawed in the US

As the US accelerates efforts to formalize rules for digital assets, the head of the Commodity Futures Trading Commission said there is virtually no chance crypto will be outlawed in the country. Wu Blockchain reported on May 23 that CFTC Chair Mike

Polymarket Replaces Exposed Private Key, Says User Funds Are Safe

Polymarket said it has replaced an exposed private key linked to a recent outflow of about $600,000 and that user funds were unaffected. Josh, Polymarket’s vice president for decentralized finance, wrote in a post on X on May 23 that neither Polymark

SkyBridge Opportunity Fund Posts Second Straight Quarterly Loss Amid Crypto Weakness

Anthony Scaramucci’s flagship fund at SkyBridge Capital posted a loss for a second straight quarter as weakness in the cryptocurrency market weighed on returns. Bloomberg reported on May 23 that the SkyBridge Opportunity Fund lost 12.9% in the first

Coinbase Premium Index Turns Negative, Signaling Weaker US Crypto Demand

The Coinbase Premium Index, a gauge of US demand for digital assets, has turned negative. The move points to cooling US institutional demand and adds downward pressure on Bitcoin. In a report published May 23, CryptoQuant contributor Lei Researcher w

Bitcoin Drops Back Below $75,000

Spot Ether ETFs See $6.6 Million Outflow, Extending Streak to 10 Sessions

Spot Ether exchange-traded funds recorded net outflows for a 10th straight trading session. Farside Investors data showed $6.6 million left spot Ether ETFs on May 22. BlackRock’s ETHA posted net outflows of $5.6 million, while Fidelity’s FETH saw $1

Tom Lee Says BitMine Stands to Benefit From Passive Inflows if Added to Russell 1000

BitMine Immersion Technologies, the largest corporate holder of Ether, has been included on a preliminary list for the Russell 1000 Index, and Chairman Tom Lee said the addition could trigger passive fund inflows. In a post on X on May 23, Lee said B

US Spot-Bitcoin ETFs Post Net Outflows for Six Straight Sessions, Seen by Some as Accumulation Signal

U.S. spot-Bitcoin exchange-traded funds have recorded net outflows for six consecutive trading sessions. Some analysts, however, say the trend could be read as a buying signal. Cointelegraph reported on May 23 that blockchain analytics firm Santiment

Bitcoin Falls Below $77,000

Grayscale Says Ethereum, Solana, BNB Chain May Benefit From CLARITY Act

A small group of blockchain networks that dominate on-chain financial activity could benefit if the U.S. crypto market structure bill known as the CLARITY Act wins final approval, Grayscale said. In a report published on May 22, Jack Pandl, Grayscale

Crypto Crime Wave Pushes Marathon Digital to Spend $4.3 Million on CEO Security

Bitcoin miner Marathon Digital Holdings spent about $4.3 million on personal security for Chief Executive Officer Fred Thiel during fiscal 2025, amid a rise in violent crime targeting crypto assets. Cointelegraph reported on May 22 that Marathon disc

Trump Media Moves 2,650 Bitcoin to Crypto.com, Faces $455 Million Unrealized Loss

Trump Media, the company affiliated with US President Donald Trump, transferred a large amount of Bitcoin to an exchange, a move typically viewed as a precursor to selling. CoinDesk reported on May 22 that Trump Media recently moved 2,650 Bitcoin to