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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 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, 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 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 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.
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
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
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
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 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
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 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
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, 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 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
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
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
Singapore authorities have charged Zhu Juntao, the former chief executive officer of bankrupt crypto lender Hodlnaut, with fraud. Singapore police said on May 27 that Zhu was charged with six counts of fraud by false representation, according to Coin
Bitwise, a crypto-focused asset manager, is launching a European exchange-traded product that tracks the native token of Canton Network, an institutional blockchain platform. The company listed the Bitwise Canton ETP on Deutsche Boerse Xetra in Germa
DeFi platform Stake DAO has suffered a hack involving its derivative token, vsdCRV. The attacker minted tokens on the Arbitrum network on a multi-trillion scale and is swapping them for Ether. The Block reported on May 27 that multiple blockchain sec
SoFi has begun offering its dollar-pegged stablecoin, SoFiUSD, to users of its banking app. The Block reported on May 27 that the U.S. fintech company launched SoFiUSD on the Ethereum and Solana networks. The app supports buying, selling, holding and
Bitcoin, the largest cryptocurrency, has extended its weak performance this year, slipping to 13th place in the global asset rankings by market capitalization. CoinDesk reported on May 27 that Bitcoin fell to around $76,000, reducing its market value
Some investors continue to accumulate altcoins even as the broader cryptocurrency market remains sluggish, according to an analysis. On May 27, CryptoQuant analyst CW8900 wrote that the crypto market has stalled as trading volume declines and investo
Hyperscale Data, a U.S.-listed company, has increased its Bitcoin holdings. BitcoinTreasuries.net reported on May 27 that the company bought an additional 7.68 Bitcoin, bringing its total holdings to 699.68 BTC. The purchase lifted Hyperscale Data to
China’s Supreme People’s Court said it will intensify research into new judicial standards as cases involving virtual assets, or cryptocurrencies, increase. The Block reported on May 27 that Liu Guixiang, a member of the court’s Judicial Committee, m
Ethereum (ETH) still holds the largest share of the tokenized asset market, according to an analysis from a16z Crypto. In a recent post on X on May 27, a16z Crypto said tokenized assets on Ethereum totaled $15.7 billion, giving the blockchain more th
Malicious attack methods in the cryptocurrency industry are becoming increasingly sophisticated, Cointelegraph reported on May 27. In a recent interview, Mailiha Ma, deputy general counsel at 1inch Labs, said bad actors in the crypto industry are con
Hanwha Investment & Securities said Wednesday it revamped its mobile trading system to expand digital-asset information services. The company overhauled the app’s user interface and user experience, building an integrated investment environment that
South Korean prosecutors indicted a group accused of inflating a meme coin through false disclosures and social-media promotion before cashing out. The case is the first to apply the fraudulent unfair-trading provisions of the country's Virtual Asset