Crypto News Daily

Bitcoin dip buyers place $500M in bids as $70K retest looms

Over $500 million in Bitcoin bids now sit near $70,000, while options traders and futures positions converge around the same level.

‘Extraordinarily unusual’ for CFTC to reverse Gemini settlement deal: Ex-chair

As the CFTC and Gemini work together to seek a court's reversal of a 2025 settlement, one of the agency’s former chairs said the public “deserves a better explanation.”

Solana, Sui and Aptos wallet data targeted in TrapDoor package attack

The campaign targets crypto, DeFi, AI and security developers with fake tooling packages to steal wallets, SSH keys, GitHub tokens, cloud credentials and browser data.

Paxos Secures SEC Registration as Clearing Agency

The approval makes Paxos the “only blockchain-native firm” approved by the SEC to operate as a registered clearing agency in the U.S.

Paxos wins SEC approval to clear U.S. stocks on blockchain

Paxos new license positions it alongside legacy giants such as DTCC and makes it a compelling, more efficient alternative for traditional finance giants than legacy competitors.

U.S. CFTC opens crypto 'perp' door with first approval at regulated firm

The Commodity Futures Trading Commission has now established a stance on how regulated U.S. firms can engage in crypto perpetual futures contracts.

SEC approves Paxos as ‘blockchain-native’ clearing agency

Paxos says its approval as a blockchain-focused clearing agency represents a “critical piece of financial market infrastructure” as Wall Street becomes more interested in crypto.

Treasury Secretary Bessent Says US Has 'Grabbed' $1 Billion in Crypto From Iran

Treasury Secretary Scott Bessent said the U.S. has "outright grabbed" roughly $1 billion worth of cryptocurrencies from Iran via seizures.

OKX Ventures, Korea Investment & Securities to buy 19.6% Coinone stake for $106M

OKX Ventures and KIS to invest $53 million each for a 19.6% stake in Coinone, deepening ties between traditional finance and crypto in South Korea’s tightly regulated market.

Trump’s crypto push hits the Senate vote math behind CLARITY Act’s July 4 target

Senate Banking cleared the CLARITY Act 15-9 on May 14, and within two weeks, President Donald Trump posted on Truth Social pledging to codify a “future-proof” digital asset market that haters could not undo, calling the US the “crypto capital of the world.” Crypto allies are ...

Bitcoin falls out of the global top 10 assets as market cap dips below $1.5T

Bitcoin’s market cap has dropped below $1.5 trillion, pushing it out of the world’s top 10 assets amid AI stock and precious metal rallies.

CFTC opens door for crypto perpetual future contracts in US as Coinbase, Kalshi move forward

The CFTC opened the doors for perpetual futures contracts, giving way for Kalshi and Coinbase to offer those products.

Bitcoin ETFs bleed $2.8B in record nine-day outflow streak

Spot Bitcoin ETFs recorded a nine-day outflow streak totaling $2.84 billion, surpassing an eight-session outflow run in February 2025.

Bitcoin perps just got a US green light, but one catch could decide everything

The CFTC has moved true Bitcoin perpetual futures from an offshore-liquidity debate into a US-regulated test case, with KalshiEX LLC now approved to list BTCPERP and Coinbase Financial Markets receiving separate staff-level relief for access to certain Deribit products. The Commission approved Kalsh...

Coinbase Becomes First US Exchange Allowed to Offer Global Crypto Perps Trading

Coinbase can offer U.S. customers access to offshore crypto perpetual futures, a risky form of leveraged crypto trading, the CFTC said Friday.

CFTC backs crypto perpetual contracts, issues advisory on 24/7 trading

The CFTC issued notices affecting platforms seeking to offer cryptocurrency perpetual futures contracts, including a no-action position for Coinbase and approval for Kalshi.

OKX confirms $53 million investment to acquire 20% stake in Coinone crypto exchange

This marks the latest move by a global crypto giant to secure a foothold in South Korea, following Binance's acquisition of Gopax.

US has seized nearly $1 billion in crypto from Iran, Bessent says

Earlier this year, Treasury Secretary Scott Bessent said the U.S. had seized "nearly $500 million" in Iranian crypto assets.

Kalshi follows CFTC in suing Minnesota over law criminalizing prediction markets

The Governor of Minnesota signed into law a measure that, starting Aug. 1, makes it a crime to advertise and operate prediction market platforms across the state.

Bitcoin ETF outflows reach record nine-day streak as investors pull $2.8 billion

The longest run of withdrawals since U.S. spot bitcoin ETFs listed in January 2024 comes as bitcoin underperforms high-flying AI and semiconductor stocks.

Sui blockchain suffers more downtime following Thursday’s six-hour outage

Sui was offline for 5 hours and 55 minutes on Thursday due to a bug in the blockchain's latest "1.72 release."

CFTC Approves Bitcoin Perpetual Futures on Prediction Market Kalshi

The CFTC issued an order allowing Kalshi to offer perpetual futures in the U.S., starting with contracts tied to Bitcoin's price.

Treasury Secretary Scott Bessent reiterates ‘no CBDC’ commitment under Trump admin

During a Thursday press briefing, Bessent also urged the House and the Senate to get the Clarity Act to the finish line.

Bitcoin’s trapped under $74K while $9B options expiry looms: Are bears back in control?

Bears hold the upper hand for Friday's $9 billion options expiry, keeping Bitcoin under pressure amid heavy ETF outflows and corporate selling

‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate

JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash over whether stablecoin issuers should be allowed to offer yield-bearing rewards that resemble bank deposits.

OKX Ventures buys $53 million stake in Korea's Coinone exchange

The crypto exchange's investment arm and Korea Investment & Securities will each invest KRW 80 billion ($53 million) as Coinone pushes into stablecoins and tokenized securities.

‘First and only’: Paxos secures SEC registration as clearing and settlement agency

Paxos said it is the first and only blockchain-native firm to be registered as a clearing agency under the SEC.

Base launches Azul on mainnet, pushing Coinbase’s Ethereum L2 toward full decentralization

Base has deployed its Azul upgrade on mainnet, with multiproofs and a new client stack advancing decentralization.

Aave Labs secures dual UK licenses for regulated crypto payments infrastructure through local subsidiary

Aave Labs has obtained FCA cryptoasset registration in the U.K. for its Push subsidiaries, unlocking zero-fee fiat on-ramps.

Bitcoin ETFs Shed $2.8B in Record-Breaking Nine-Day Streak

Cooling demand for Bitcoin ETFs adds to declining accumulation by whales, underscoring a trying time for the crypto market.

Why is Stellar's XLM up by over 50% this week?

XLM rallied after US financial giant DTCC announced a partnership with the Stellar Network, but it still risks a sharp downside in the coming weeks.

Sui Network Goes Down for Second Straight Day as Weekly Token Slide Hits 20%

The Sui token is among the worst performing top 100 crypto assets of the last week in the wake of back-to-back outages.

Strategy selling? Saylor’s Bitcoin transfer to Coinbase puts his treasury model under cash pressure

On May 29, Strategy (formerly MicroStrategy) moved more than 411 Bitcoin to Coinbase Prime, drawing fresh scrutiny to Michael Saylor’s financing model. Arkham Intelligence data showed two transfers of roughly 205.3 BTC and 206.2 BTC from Strategy-associated wallets before the coins reached the desti...

U.S. regulator says 24/7 trading is great for crypto, may not be fit for other sectors

As the CFTC issued landmark approvals for crypto perpetual futures contracts, it explained in a related advisory that round-the-clock activity isn't right for all.

Coinbase brings global crypto derivatives markets to US institutional clients

The exchange's integration with Deribit gives eligible US institutional investors access to global crypto options and perpetual futures markets.

Live markets: Bitcoin slides further, putting two-month winning streak in jeopardy

Sui Network back online after ‘crash bug’ causes 6 hour outage

The Sui mainnet has resumed after a bug in a network update took it offline for 5 hours and 55 minutes.

Ventuals to compensate traders after pre-IPO SpaceX perps plunge 45% on Hyperliquid

Ventuals to compensate traders after faulty oracle data sent SPACEX perps down 45% on Hyperliquid, wiping $1.51 million.

DxSale drained for $7.3M in BNB Chain liquidity exploit

DxSale was drained for about $7.3 million from BNB Chain liquidity providers, raising fresh concerns over old DeFi locker contracts.

Texas Bitcoin reserve plans shift from ETF to direct BTC custody

Texas is hiring a crypto custodian to move its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into directly held coins and build full state‑level BTC plumbing.

What American crypto asset perpetuals mean for the future of crypto

For years, one of the most significant crypto asset markets has existed entirely outside the United States. Today, that changes, explains CFTC Chairman Selig.

NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps

ICE’s CEO said regulators need to create a “level playing field” for launching 24/7 onchain perps contracts, which are already trading on exchanges such as Hyperliquid.

Bitcoin plums new six-week lows as analyst eyes BTC price dip 'end' at $72K

Bitcoin saw its lowest levels since the middle of April as BTC price action continued ot diverge from thriving US stock markets.

Sui network temporarily stalls again after Thursday's outage

The outage was caused by the same network update software bug that disrupted the protocol on Thursday, which resulted in nearly six hours of downtime.

Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities

Bitcoin's failed breakout above $83,000 is looking increasingly like a bear market signal, even as S&P 500 and Nasdaq futures notch gains and approach all-time highs.

Wintermute extends trading infrastructure into prediction markets

Wintermute extends trading infrastructure into prediction markets as multibillion-dollar sector draws institutional liquidity providers.

'He’s Full of Shit': JP Morgan's Jamie Dimon Takes Aim at Coinbase CEO Over Clarity Act

Dimon vowed to fight the passage of the crypto market structure bill until the bitter end.

Bitcoin's record holder supply hides a buyer drought, CryptoQuant says

A record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds.

Bitcoin’s major holders halt buys as demand slows: CryptoQuant

CryptoQuant says that the holding structure for large Bitcoin holders is deteriorating, a trend that has historically preceded “sustained price weakness.”

Celsius Founder Alex Mashinsky Files to Have 12-Year Crypto Fraud Sentence Vacated

Celsius founder and former CEO Alex Mashinsky hopes to have his prison sentence vacated, claiming a legal conflict tied to Sam Bankman-Fried.

NYSE parent ICE held multiple talks with Hyperliquid to evaluate onchain perps market, CEO says

Sprecher's comment follows an earlier report that ICE and CME had held conversations on the Hill regarding Hyperliquid.

Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over

The BEA's April PCE print showed headline inflation at 3.8% year over year and core at 3.3%, broadly matching economist expectations and removing the risk of a fresh macro shock, leaving Bitcoin in the fragile middle ground it has occupied since losing $75,000, where macro panic has cooled. Yet, ren...

Strategy situation ‘out of hand,’ says Arca exec on $15B preferred stock burden

Strategy’s capital structure may be under pressure as Arca’s Jeff Dorman highlights $15 billion in preferred stock obligations and CEO comments on possible Bitcoin sales.

Bitcoin miners’ real prize is power as AI reshapes mining

Bitcoin miners spent years racing to secure cheap electricity, and that electricity has since become more valuable than the Bitcoin mining business built on it. That inversion drives Fidelity's May 2026 assessment that AI hosting could give miners a second revenue stream while flattening Bitcoin's h...

Clarity Act Risks Regulation Without Oversight, Brookings Fellow Says

As Congress weighs crypto legislation, Aaron Klein says the CFTC needs more resources, independence and coordination to oversee digital markets.

Wintermute Is Providing Liquidity on Kalshi and Polymarket, Linking Two Giants

Wintermute is providing liquidity on the two biggest prediction markets, linking flows for both firms, according to a source familiar with the matter.

Ex-Celsius CEO files motion to vacate sentence after lawyers withdraw

Former CEO Alex Mashinsky filed documents seeking to vacate his 12-year sentence, which included claims involving FTX and a “hostile takeover” by a former Celsius executive, who was sentenced to time served.

JPMorgan CEO Jamie Dimon blasts Coinbase’s Brian Armstrong, plans to fight Clarity Act

Dimon said Coinbase's Armstrong is spending hundreds of millions of dollars trying to get Clarity Act passed.

Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand

Your day-ahead look for May 29, 2026

Hyperliquid bigger than NASDAQ, says ICE CEO Jeffrey Sprecher

Sprecher saluted Hyperliquid's team, signaling deeper engagement between Wall Street incumbents and crypto-native rails.

Bitcoin, ether little-changed despite record stocks, falling oil and easing war fears

Global stocks hit records and oil cracked on a tentative US-Iran ceasefire extension. Crypto stayed on the sidelines, with some analysts saying the next catalyst is regulatory, not geopolitical.

XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture

XRP snapped a streak of lower lows on heavy buying, though the token remains stuck below major resistance levels that have capped every rally this year.

Ukrainian Police Officers Allegedly Kidnapped Crypto Entrepreneurs to Extort Millions

Prosecutors say two police colonels organized an extortion ring that allegedly tracked, abducted, and held crypto entrepreneurs at gunpoint.

Morning Minute: Hyperliquid Is 'Bigger Than Nasdaq'

The man who built the modern NYSE just said Hyperliquid is bigger than Nasdaq. JPMorgan says the debasement trade is unwinding.

Texas appoints CleanSpark exec, bitcoin miner CEO to Strategic Bitcoin Reserve committee

Texas is seeking a custodian to transition reserve assets from Blackrock's IBIT into direct bitcoin holdings.

NYSE Parent Isn't 'Freaked Out' by Hyperliquid—It's Learning From the Crypto Perps Giant

Intercontinental Exchange CEO Jeffrey Sprecher said his company and Hyperliquid are learning from each other as crypto perps gain ground.

Gemini taps Grok for personalized AI-powered prediction market feeds

Gemini is leaning into AI features for its prediction market, following other crypto exchanges in moving beyond crypto trading amid a market slump.

New lawsuit claims Satoshi Nakamoto’s Bitcoin is “Lost Property” worth under $10 per wallet

A New York lawsuit is seeking to treat some of Bitcoin’s oldest dormant wallets, including addresses tied to the cryptocurrency’s creator, as lost property valued at less than $10 each. The amended complaint asks a state court to grant legal ownership of 39,069 Bitcoin addresses to a pseudonymous pl...

Strategy's STRC slips below $99 as Strive captures investor attention

STRC has struggled to maintain its $100 target price, while Strategy's reduced cash reserves and dividend obligations are drawing increased investor attention.

CoinDesk 20 performance update: Bittensor (TAO) drops 4%, leading index lower

Internet Computer (ICP), down 3.8%, was also an underperformer.

Ethereum analysts say ‘downside pressure’ remains as $1.8K becomes key

Analysts warn Ether’s downside risks remain elevated as traders closely watch the $1,800 support zone for stability.

Buy $72K dip, or jump ship: What will Bitcoin bulls do?

Investors selling across spot, futures and ETF markets pushed Bitcoin into its monthly range lows near $72,000 but data shows retail investors buying the dip and opening longs.

Mass deployment of AI agents is a disaster waiting to happen, says CertiK CEO

Ronghui Gu shares tips on how to isolate AI agents while testing them so they do not have access to critical personal information or digital assets.

You Can Now Read the US Constitution via the Bitcoin Blockchain

One of America's most important historical documents will forever be inscribed on a Bitcoin block, thanks to someone's $83 transaction fee.

Lenovo Stock Doubles in May on AI Server Boom—Best Month in 27 Years

The world's biggest PC maker surged 109% in May after AI revenue hit 38% of quarterly sales. Goldman Sachs more than doubled its target.

AI Models Can’t Agree on Basic Facts Most of the Time, Study Shows

A new study gave five frontier AI models 1,000 real-world claims to fact-check. They disagreed on 67% of them.