Crypto

This week saw the crypto market shed over $100 million of its total capitalization as macro risks and ETF outflows took their toll.

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

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.

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. Bitcoin’s (BTC) latest drawdown to $72,000 has coincided with a sharp drop in its market capitalization, pushing it out of the global top 10 assets by market cap. Key takeaways: Bitcoin’s price has dropped sharply from around $83,000 in early May to as low as $72,400 on Thursday. This was accompanied by a fall in its market capitalization to $1.45 trillion from $1.66 trillion. Read more

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

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. Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some of its Bitcoin. The Strategy situation has “gotten out of hand,” Arca chief investment officer Jeff Dorman said in an X post on Thursday, referring to its roughly $15 billion in preferred stocks carrying around $1.5 billion in annual dividend obligations. Dorman warned that the structure may become increasingly difficult to manage if market conditions remain volatile, with Bitcoin (BTC) trading about 16% lower year-to-date at roughly $73,737 at the time of writing. Read more

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

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

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. Texas is seeking a custody and liquidity provider to help move its Strategic Bitcoin Reserve from BlackRock’s iShares Bitcoin Trust (IBIT) spot Bitcoin exchange-traded fund (ETF) into directly held coins, according to a state procurement document. The move, posted May 7 and announced in a Thursday release from the Texas Comptroller’s office, would move Texas closer to directly held Bitcoin through a third-party custody arrangement rather than relying solely on ETF exposure, marking a shift from ETF exposure to direct onchain ownership. Texas has allocated $10 million to the Strategic Bitcoin Reserve, which the state has used to buy IBIT as an interim way to hold the funds before shifting to directly custodied Bitcoin, according to the request for proposals document. Read more

A DTCC collateral eligibility update circulated across social media this week and triggered an immediate retail panic with holders dumping Ripple XRP and rotating into XLM. The post Ripple XRP ‘Delisting’ Rumors Debunked: DTCC Collateral Lists Explained appeared first on Cryptonews.

Your day-ahead look for May 29, 2026

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, renewed demand still has to arrive […] The post Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over appeared first on CryptoSlate.

Ethereum price is fighting to hold psychological ground as sellers have successfully pushed the asset below the $2,000. The post Ethereum Price Battles $2,000, But Standard Chartered Still Sees it Doubling to $4,000 This Year appeared first on Cryptonews.

The end of another week and the end of the month spell a larger crypto options expiry as spot markets continue to retreat.

DxSale was drained for about $7.3 million from BNB Chain liquidity providers, raising fresh concerns over old DeFi locker contracts. Memecoin launch platform DxSale was drained of $7.3 million in funds in a cyberattack that affected around 1,400 liquidity providers (LPs) on the BNB Chain.  The attacker's address "0xC457" transferred $1.87 million worth of BNB (BNB) tokens into two main wallets and subsequently deposited them into multiple Binance deposit addresses, according to blockchain data platform PeckShield in a Friday X post. Back in 2021, DxSale was used to lock in liquidity for tokens launched on the BNB Chain. Blockchain analyst Tahax estimated that the locker still holds liquidity from projects launched years ago and explained that the exploiter wallet was freshly created and funded through crypto exchange Bybit. Read more

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.

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

Bitcoin price has been controlled for years now; it could be up and down even when prediction and sentiment point in other direction. Why? $BTC The post Bitcoin Price Prediction: Wall Street Monopoly, And Next Week Expectation appeared first on Cryptonews.

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.

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.