Cointelegraph.com
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Cointelegraph.com - 18:34 May 30, 2025
MEXC chief operating officer Tracy Jin said the fraud was primarily caused by social engineering scams targeting new, uneducated users. The MEXC crypto exchange observed a 200% quarter-over-quarter surge in fraudulent trading activity between January and March 2025, it said in its quarterly report. According to the exchange, 80,057 organized fraud attempts from over 3,000 fraud syndicates were identified in Q1. The fraudulent activity included market manipulation, wash trading, and automated trading bots exploiting users through “unfair” trading execution. MEXC said that the rise in fraud was most pronounced in India, with the exchange flagging nearly 27,000 accounts for suspicious activity, followed by the Commonwealth of Independent States (CIS) region and Indonesia, which had 6,404 and 5,603 accounts flagged, respectively. Read more -
Cointelegraph.com - 18:01 May 30, 2025
Bitcoin’s drop below $104,000 puts the asset into a consolidation phase where even lower lows could be tested. Key points: Bitcoin’s bullish momentum has weakened, raising the chance of a correction to $100,000. Altcoins are likely to follow Bitcoin price and consolidate near their most immediate support levels. Read more -
Cointelegraph.com - 18:00 May 30, 2025
DeFi’s decentralization debate rages on after the Sui community voted to return the $162 million frozen during the Cetus exploit. A $200 million-plus exploit targeting Cetus, a decentralized exchange on the Sui network, has reignited debate over decentralization in blockchain protocols after Sui validators collectively froze $162 million of the stolen funds. Some decentralization advocates called foul, criticizing Sui validators’ ability to pause fund transfers on the blockchain as a sign of centralization. Other investors applauded the rapid response and coordination against the attackers. Industry watchers are now waiting for Cetus to initiate its recovery roadmap after the Sui governance vote for returning the frozen $162 million was passed on May 29. Read more -
Cointelegraph.com - 16:30 May 30, 2025
In the latest episode of Decentralize with Cointelegraph, experts break down how crypto op-eds are influencing public perception, policy and the future of Web3 storytelling. As the crypto industry matures and public perception becomes more critical to adoption and regulation, opinion pieces, often dismissed as hot takes, are emerging as powerful tools in shaping the Web3 narrative. In the latest episode of Decentralize with Cointelegraph, we sit down with three insider voices to explore the evolving role of opinion in crypto media: Cath Jenkin, opinion editor at Cointelegraph; Nikki Brown, chief strategy officer of Melrose PR; and Amal Ibraymi, legal counsel at Aztec Network. The discussion highlights the growing strategic value of op-eds in crypto media — not only as vehicles for thought leadership but as instruments of influence. Read more -
Cointelegraph.com - 15:05 May 30, 2025
An OSINT platform, Lolarchiver, offers AI-powered tools that can rapidly profile YouTube commenters based on their activity, raising major privacy and legal concerns. An open-source intelligence (OSINT) service claims it can generate detailed profiles on YouTube users based solely on their comment activity. The tool, part of the “YouTube Tools” suite by pseudonymous developer Lolarchiver, allows users to run a series of AI-powered checks on any YouTube commenter. The tool’s webpage was recently altered to display only the administrator’s email address, presumably in response to increased media attention. According to a May 28 report by tech outlet 404 Media, the tool can produce reports within seconds that include inferred data such as a user’s geographic location and potential political or cultural leanings. Read more -
Cointelegraph.com - 15:00 May 30, 2025
The decentralized AI industry has a chance to carve out market share, but it will need to prove its security and usefulness. Centralized AI’s dominance risks privacy, transparency and ethical standards. Opinion by: Manouk Termaaten, founder and CEO of Vertical Studio AI Major corporations control decentralized AI (DeAI) companies, leaving decentralized AI in the dust. To build a more decentralized world, the sector must actively execute upon a focused DeAI strategy, with shared standards between projects, without compromise. In April, a UN report warned that AI’s $4.8-trillion market is dominated by a mere 100 companies, most of which are based in the US and China. Centralized AI incumbents have the money and the connections to control this massive new industry, which means significant implications for society. Read more -
Cointelegraph.com - 14:35 May 30, 2025
Stablecoin-backed corporate cards are linked to digital wallets holding stablecoins. They facilitate instant currency conversion at the point of purchase. Integrating blockchain technology with traditional financial systems is transforming global trade, with stablecoins playing a central role. Corporate cards supported by stablecoins demonstrate this integration, allowing companies to use digital currencies for meeting everyday expenses. Stablecoin-powered corporate cards convert stablecoins into local currencies at the point of purchase, enabling smooth transactions at any merchant that accepts Visa, a global leader in digital payments. Visa has partnered with platforms like Bridge and Baanx to enable these corporate cards. Read more -
Cointelegraph.com - 14:02 May 30, 2025
Stripe’s president confirms growing interest in stablecoins from banks, but adoption would still require more green lights from regulators. Payment giant Stripe has reportedly held early discussions with banks about potentially integrating stablecoins, signaling growing acceptance in global banking. After debuting stablecoin-based accounts in 100 countries in early May, Stripe has noticed significant interest in stablecoins — cryptocurrencies tied to fiat currencies like the US dollar — from global banks. “In the conversations we have with them, they’re very interested,” Stripe co-founder and president John Collison said in an interview with Bloomberg News on May 30. Read more -
Cointelegraph.com - 13:44 May 30, 2025
Exposure to wallets tied to suspected Garantex successor Grinex keeps rising as blockchain analyst warnings are ignored. Grinex, a cryptocurrency exchange identified as the suspected successor to the sanctioned Russian platform Garantex, has reportedly moved more than $1.66 billion in crypto through exchanges, despite red flags raised by blockchain analytics firm Global Ledger. Garantex had its infrastructure taken down by US, German and Finnish authorities in March and has since reportedly shifted its operations to Grinex. Global Ledger initially told Cointelegraph that various cryptocurrency exchanges had around $1 billion in fund exposure to Grinex, as of early May. Read more -
Cointelegraph.com - 12:27 May 30, 2025
DeepSeek’s latest AI model flags Xinjiang camps as human rights violations but censors direct criticism of China, raising concerns over contradictions and increased censorship. A developer has raised concerns that the Chinese artificial intelligence startup DeepSeek’s newly released AI model is less willing to engage in discussions on controversial topics, particularly those related to the Chinese government. In an X thread, a pseudonymous developer known as “xlr8harder” shared critical observations of DeepSeek R1-0528, a recently released open-source language model. The developer shared tests demonstrating a significant decline in the AI’s willingness to engage in contentious free speech topics, compared with previous versions. Read more -
Cointelegraph.com - 12:05 May 30, 2025
MiCA has had a limited impact on the adoption of compliant stablecoins in Europe, strengthening the need for the digital euro, Bank of Italy Governor Fabio Panetta said. Former European Central Bank (ECB) official and Governor of the Bank of Italy, Fabio Panetta, touted the digital euro as a key tool for controlling the risks of increasing cryptocurrency adoption. The Bank of Italy, on May 30, released an annual report with the governor’s concluding remarks on the state of the economy. Panetta said the European Union must move forward with the central bank digital currency (CBDC) project to maintain financial stability and meet demand for secure digital payments. “We would be remiss to think that the evolution of crypto-assets can be controlled only through rules and restrictions,” Panetta said, warning that crypto regulation alone cannot address the systemic risks posed by crypto, and that the digital euro would be key to addressing them. Read more -
Cointelegraph.com - 11:31 May 30, 2025
The SEC said protocol staking isn’t a securities transaction, marking a key win for crypto regulation and paving the way for potential ETF staking approval. The US Securities and Exchange Commission’s (SEC) new guidance on cryptocurrency staking is widely seen as a major win for the crypto industry and the push toward globally consistent digital asset regulation. In a May 29 statement, the SEC’s Division of Corporation Finance said “Protocol Staking Activities” such as cryptocurrencies staked in a proof-of-stake blockchain “don’t need to register with the Commission transactions under the Securities Act.” The agency’s new guidance marks a “major step forward” for the US cryptocurrency industry, said Alison Mangiero, head of staking policy at the Crypto Council for Innovation. Read more -
Cointelegraph.com - 11:22 May 30, 2025
Sui validators voted to return $162 million in frozen assets from the Cetus exploit, enabling a full recovery and restart plan for impacted users. Sui validators approved a governance proposal to return $162 million in frozen assets linked to a recent exploit of the decentralized exchange Cetus, marking a key step toward full user repayment. Cetus was exploited for over $220 million worth of digital assets on May 22, but validators managed to freeze $162 million of the funds shortly after the incident. In a governance vote concluded on May 29, Sui validators passed the recovery proposal with 90.9% voting in favor, 1.5% abstaining and 7.2% not participating, according to the network’s official governance page. Read more -
Cointelegraph.com - 10:31 May 30, 2025
Bitcoin has dropped 10% since its latest all-time highs — how much lower could BTC price action go before setting a local bottom? Bitcoin (BTC) has dropped 10% from all-time highs in a week as new support zones appear — where might BTC price action head next? Crypto traders and analysts weigh in on their market expectations as bulls fight for $105,000 to end the Wall Street trading week. Bitcoin has taken a break from upside this week, returning to test levels last seen around 10 days ago. Read more -
Cointelegraph.com - 10:01 May 30, 2025
Thailand’s SEC has ordered Bybit, 1000X, CoinEx, OKX and XT.COM blocked nationwide, citing unlicensed operation and money-laundering concerns. Update (May 30, 2025, 11:30 am UTC): This article has been updated to add statements by a Bybit representative. The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country. According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims “to protect investors and crack down on illegal platforms used for money laundering.” Read more -
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
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