Cointelegraph.com
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Cointelegraph.com - 09:07 May 30, 2025
Bitcoin is seeing increasing profit-taking, new research confirms, while Hyperliquid’s Wynn joined those liquidated during the latest 10% BTC price retreat. Key points: Bitcoin profit-taking is in full swing, but this can end up sustaining the bull market, Santiment research argued. Coins are spending increasingly less time in wallets, but the market is not suffering from “short-term speculation.” Read more -
Cointelegraph.com - 08:31 May 30, 2025
Adam Hollander told Cointelegraph that the number of weekly unique collectors on OpenSea has increased by 40% since January. Non-fungible token (NFT) marketplace OpenSea has launched its new platform, OS2, concluding its beta phase. The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning it as a more comprehensive platform beyond NFTs. OpenSea chief marketing officer Adam Hollander told Cointelegraph that the platform always believed in a broader idea that everything onchain should be liquid and discoverable in one place. Read more -
Cointelegraph.com - 08:31 May 30, 2025
The cryptocurrency market is down today due to renewed fears over stalled US-China trade talks, significant long liquidations, and a weak technical structure. Key points: The total crypto market cap fell 2.60% to $3.34 trillion on May 30, fueled by stalled US-China trade talks. Over $683.4 million in crypto futures liquidated, with $617.85M in longs reinforcing the intensity of the selling pressure. Read more -
Cointelegraph.com - 01:58 May 30, 2025
OFAC claims Funnull Technology purchased a code repository used by web developers and altered it to redirect legitimate websites to scam websites. The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites. Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims’ losses surpassing $200 million, the Treasury’s Office of Foreign Assets Control (OFAC) said on May 29. Funnull purchases IP addresses in bulk from cloud service providers and sells them to scammers, allowing them to host and operate clones of legitimate investment platforms, to deceive victims and steal their crypto, according to OFAC. Read more -
Cointelegraph.com - 23:12 May 29, 2025
The party leader leaned into pro-crypto talking points at the Bitcoin 2025 conference, announcing plans to introduce a digital asset bill if Reform UK wins in the next election. The leader of the Reform UK political party, Nigel Farage, announced that the group is accepting Bitcoin and other cryptocurrency contributions from eligible donors. Speaking at the Bitcoin 2025 conference in Las Vegas on May 29, Farage said the party had begun accepting crypto donations. A blog post from crypto payments provider Radom said Reform would use the platform to facilitate donations, making it the first major group to do so amid the Conservative and Labour parties, who hold most of the seats in the UK’s House of Commons. “[A]s of now, we are the first political party in Britain who can accept donations in Bitcoin and other cryptocurrencies,” said Farage. “We’re way behind you in America, but as of now, people with Bitcoin can give us money provided they’re eligible.” Read more -
Cointelegraph.com - 22:53 May 29, 2025
The first atomic swap, conducted on May 27, saw $2 million in USDC exchanged for the new mTBILL. German tokenization protocol Midas has launched a tokenized US Treasury bill on the Algorand blockchain, offering European investors exposure to yield-bearing government bonds with no investment minimum required. The mTBILL is a tokenized certificate that references short-term US Treasury exchange-traded funds (ETFs), Midas announced on May 29. The first atomic swap was executed by a third party on the Algorand blockchain on May 27. As part of the transaction, $2 million in USDC (USDC) was exchanged for mTBILLS. Read more -
Cointelegraph.com - 22:39 May 29, 2025
Trader’s interest in Solana is strong, but declining memecoin prices and SOL token unlocks have put a cap on the altcoin’s rally. Key takeaways: Solana's strong network activity contrasts with SOL’s token unlock schedule. MEV issues and memecoins’ price decline pose a risk to Solana’s growth potential. Read more -
Cointelegraph.com - 22:27 May 29, 2025
Chinese state-backed think tank highlights Bitcoin as a reserve asset against USD, Sony’s online bank launches new crypto unit. Asia Express. The International Monetary Institution (IMI), Chinas state-backed finance think tank, has republished an article that quietly elevates Bitcoin in the reserve asset debate. The report by former White House economist Matthew Ferranti, originally published in October by the Bitcoin Policy Institute, argues that Bitcoin can serve as a hedge for central banks in developing economies, particularly those exposed to US dollar weaponization. It was republished by the IMI on its official WeChat account on May 28 with an editorial note stating Bitcoins rise as a reserve asset deserves continued attention. The IMIs editorial note lays out that the appeal of US dollar assets is waning due to deficits, inflation and falling real yields. As a result, gold faces new challenges and Bitcoin is emerging as a serious contender for strategic reserves. Read more -
Cointelegraph.com - 22:25 May 29, 2025
Hester Peirce, head of the SEC's crypto task force, said the context of a digital asset transfer could make it a securities transaction. What qualifies as a securities transaction depends more on the nature of the deal than the asset itself, according to US Securities and Exchange (SEC) Commissioner Hester Peirce. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Peirce said the SEC needs to develop a framework outlining situations in which crypto transactions fall under the purview of securities laws. Examples of this might include offering cryptocurrency to investors as part of an initial public offering (IPO) or tokenizing a company’s stock. Peirce told the audience: Peirce said she expects more digital assets that do fall under the definition of securities to emerge, as assets like tokenized stocks and bonds come onchain. Read more -
Cointelegraph.com - 21:42 May 29, 2025
Business-to-business transactions and card-linked stablecoin payments have grown, while Tether’s USDt has established dominance. Stablecoins are gaining ground as a reliable tool for digital payments. New data from Artemis shows that $94.2 billion in stablecoin transactions were settled between January 2023 and February 2025. The report shed light on a few specific rising areas for stablecoin payments. Business-to-business transactions made up the largest block, accounting for an annual run rate of $36 billion. Card-linked stablecoin payments have also grown, jumping above $13.2 billion in annual volume. “Overall, stablecoins have established themselves as growing and significant components of the global payment infrastructure,” the report notes. Read more -
Cointelegraph.com - 21:33 May 29, 2025
The SEC and Binance have filed a joint motion to end a nearly two-year legal battle in the agency’s latest backdown from its prior crypto enforcement actions. The US Securities and Exchange Commission will drop its long-running lawsuit against crypto exchange Binance in the regulator’s latest backdown from policing the crypto industry. A joint motion filed on May 29 by the SEC, Binance and its co-founder Changpeng Zhao asked a Washington, DC, federal court to allow the regulator’s complaint that it filed in June 2023 to be dismissed. The motion mentioned the SEC’s Crypto Task Force “might impact and facilitate the potential resolution of this litigation” and that the regulator believed dropping the suit was appropriate “in the exercise of its discretion and as a policy matter.” Read more -
Cointelegraph.com - 20:29 May 29, 2025
The news comes at a time when many banks are considering issuing their own private stablecoins. Banco Santander SA, a global banking institution, is considering expanding crypto services to retail clients and potentially launching a stablecoin product. The stablecoin plans are still in the early phases. According to a May 29 Bloomberg report, the bank is considering offering both dollar and euro-pegged fiat tokens. Large banking institutions, including JPMorgan, Bank of America, Citigroup and Wells Fargo, are reportedly looking into launching stablecoins, following an industry-positive regulatory shift in the United States under US President Donald Trump. Read more -
Cointelegraph.com - 18:27 May 29, 2025
The R1-0528 model features enhanced reasoning capabilities, with DeepSeek asserting it’s closing the gap with OpenAI’s and Google’s latest models. DeepSeek, a China-based artificial intelligence company, has announced an upgrade to its AI chatbot, saying it can now offer enhanced overall logic, mathematics and programming with a reduced hallucination rate. According to DeepSeek, the upgraded model — DeepSeek-R1-0528 — has “significantly improved its depth of reasoning and inference capabilities.” The startup said the model’s overall performance is now “approaching that of leading models, such as O3 and Gemini 2.5 Pro.” DeepSeek’s debut of its R1 chatbot in January sent shockwaves through the AI industry and further established China as an AI force. The company’s first AI model had a training cost of $6 million and similar performance to leading AI models trained on significantly larger sums of capital. Read more -
Cointelegraph.com - 18:11 May 29, 2025
Backed by lawmakers from both parties, the bill proposes rules to govern digital assets and define agency roles in enforcement and oversight. US Representative French Hill has announced the introduction of the much-awaited market structure bill for digital assets. The “Digital Asset Market Clarity Act of 2025” or “CLARITY Act of 2025” comes with support from lawmakers across both sides of the aisle, including three Democratic co-sponsors. The bill covers the roles of both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital assets oversight, seeking to resolve longstanding questions about which agency oversees which types of digital assets. “I am proud to introduce the bipartisan CLARITY Act with my colleagues,” Hill said in a May 29 statement. “Our bill brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation, and builds off our work in the 118th Congress.” Read more -
Cointelegraph.com - 18:06 May 29, 2025
Strong demand from US-based investors sends Bitcoin’s Coinbase premium on a 20-day streak, and chart technicals hint at a rally to $118,000. Key takeaways: A 20-day Bitcoin Coinbase Premium streak signals strong institutional investor and retail investor interest. Falling BTC inflows from short- and long-term holders reduce downside risk. Read more -
Cointelegraph.com - 16:41 May 29, 2025
The messaging platform will use most of the proceeds to repay existing bondholders, with the remainder allocated as working capital to support ongoing operations. Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28. According to Bloomberg, the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million is fresh capital for growth and operational costs. Telegram co-founder Pavel Durov wrote in a Telegram post: Read more -
Cointelegraph.com - 15:00 May 29, 2025
Crypto’s optimism isn’t just hype; it’s a structural feature. Even as global shocks and policy shifts rattle traditional markets, digital assets consistently show greater emotional resilience. Opinion by: Oleksandr Lutskevych, Founder and CEO of CEX.io Bitcoin markets have consistently shown greater emotional resilience than traditional equities during multiple global shocks. While some on Wall Street found this “impressive” during the “Liberation Day” sell-off on April 2, such optimism isn’t a glitch — it’s a pattern that extends across digital assets. Read more -
Cointelegraph.com - 14:38 May 29, 2025
President Kassym-Jomart Tokayev announced plans to build “CryptoCity,” aiming to establish a regulatory sandbox for digital assets. Kazakhstan plans to launch “CryptoCity,” a pilot zone where cryptocurrencies can be used to pay for goods and services, the country’s President Kassym-Jomart Tokayev, said. according to a May 29 announcement on the official website of President . Speaking at the Astana International Forum 2025, Tokayev said the pilot zone will be used to explore cryptocurrency adoption within a regulated sandbox environment. “We are planning to create a pioneering pilot zone called CryptoCity where cryptocurrencies might be used for purchasing goods, services, and even beyond,” he said in his remarks, a transcript of which was published on the president’s official website. Read more -
Cointelegraph.com - 14:30 May 29, 2025
Crypto exchange terms of services you agreed to, but never read, prevent class actions and limit liability if your data or funds are stolen. Coinbase is facing a flurry of lawsuits after disclosing a data breach that compromised nearly 70,000 customer accounts, with estimated losses reaching as high as $400 million. The exchange says overseas customer support agents were bribed into helping scammers gain unauthorized access to user data in December. The company disclosed the attack to the public in May. There were some reports that Coinbase had updated its user agreement just before announcing the breach, with critics accusing the company of adding an arbitration clause that limits class actions. Coinbase maintains that a class action waiver has long been part of its terms. Read more -
Cointelegraph.com - 14:12 May 29, 2025
Address poisoning attacks involve tracking, misusing or compromising cryptocurrency addresses. Address poisoning involves sending small transactions from wallet addresses that closely resemble a legitimate one, tricking users into copying the wrong address when making future transactions. Common techniques include phishing, fake QR codes, Sybil attacks, smart contract manipulation, and clipboard malware. Address poisoning has led to over $83 million in confirmed losses. Victims include individual users and DeFi platforms. Read more
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