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According to Polymarket data, the odds of Coinbase's Layer 2 network, Base, launching a token by the end of the year stand at 33%. In contrast, the probability of a token launch before June 30 is just 3%. The trading volume on this prediction market has now surpassed $6.66 million.

Digital asset investment products saw net outflows of $1.474 billion last week, marking the second consecutive week of withdrawals, CoinShares reported in its weekly fund flow report. Bitcoin products accounted for $1.315 billion of the outflows, while Ethereum products saw $222.8 million exit. CoinShares suggested that heightened geopolitical tensions related to Iran have strengthened risk-off sentiment in the market. The firm added that investor sentiment is worsening despite progress in discussions surrounding the U.S. CLARITY Act.

OKX has announced on its official website that it will delist three spot trading pairs: MAJOR/USD, MAJOR/USDT, and J/USDT. The MAJOR/USD pair will be delisted between 8:00 a.m. and 10:00 a.m. UTC on June 2. The USDT pairs are scheduled for delisting between 8:00 a.m. and 10:00 a.m. UTC on June 5.

The South Korean government has officially designated "building a digital asset ecosystem" as its 48th national objective, according to a report on the performance of its 123 national tasks released on May 26. The report highlighted several achievements since the current administration took office, including: - Allowing non-profit corporations and virtual asset exchanges to sell virtual assets in June 2025 - Initiating full-scale discussions on a basic act for digital assets in the second half of 2025 - Launching a 'Security Token Council' in March 2026 The government also added that the Security Token Act is scheduled for implementation in February 2027 and that it will pursue the establishment of a regulatory framework for stablecoins in the near future.

BIT (formerly Matrixport) analyzed on X that Bitcoin is likely to continue trading sideways in the short term due to recent large-scale outflows from spot BTC ETFs. According to BIT, the recent BTC rally has heavily relied on institutional buying from spot ETFs and Strategy (formerly MicroStrategy), but this trend has reversed as fund flows shifted from net inflows to net outflows. The net purchase volume from these ETFs and Strategy has now decreased to around $870 million. BIT forecasts that BTC will likely remain in a range-bound market until ETF fund inflows stabilize.

South Korean crypto exchange Coinone announced that it has placed Everclear (CLEAR) on its delisting watchlist. The exchange explained that the Everclear Foundation announced through its official community that it is ceasing operations for the foundation, its labs, and product development. Coinone noted that it confirmed the project is taking steps equivalent to a substantial service termination and found numerous shortcomings in its business viability, sustainability, and transparency, concluding that this could potentially harm users.

Binance announced it will delist nine spot trading pairs—APT/ETH, CTSI/BTC, DOT/ETH, FLOKI/FDUSD, MAV/USDC, S/BTC, SAGA/BTC, STEEM/BTC, and WIF/FDUSD—at 3:00 a.m. UTC on May 29.

Over the past month, 87% of all revenue distributed to cryptocurrency holders in the DeFi sector was concentrated in just 10 protocols, according to an analysis by Unfolded citing data from DefiLlama. Hyperliquid (HYPE) ranked first, distributing $53.5 million (38.4%), followed by EdgeX (EDGEX) with $23.3 million (16.7%) and Pump.fun (PUMP) with $22.9 million (16.4%). These top three projects alone accounted for 71.5% of the total, highlighting significant market concentration. Unfolded noted that Hyperliquid maintains a sustainable revenue structure, as it distributed its entire revenue to crypto holders without any incentive spending.

The number of addresses holding over 100,000 LINK has reached an all-time high of 805, Santiment reported via X. The firm noted that 100,000 LINK is currently valued at approximately $958,000 and that the number of such wallets has increased by 8.2% over the past seven weeks.

South Korean crypto exchanges Bithumb and Coinone have announced the designation of Highstreet (HIGH) for their delisting watchlists. The exchanges stated the decision was made due to the project's failure to adequately disclose material information that could significantly impact the asset's value. Additionally, a comprehensive review of the project's business progress revealed numerous shortcomings.

Bitcoin (BTC) spot trading volume has plummeted 81% since October 2025, falling to levels last seen during the 2023 bear market, according to an analysis by on-chain analyst Darkfost on X. Darkfost noted that on Binance, volume for the same period dropped from $198.6 billion to $36.4 billion, a reduction of roughly four-fifths. Volumes on Gate.io and Bybit also fell by 79.6% and 66%, respectively. He explained that monthly spot volume has not been this low since July 2023. The analyst attributed the decline to an unfavorable macro environment for the crypto market, with rising inflationary pressures and a prolonged U.S.-Iran war leading investors to favor assets like commodities and stock indices. However, Darkfost added that the drop in volume could also indicate that selling pressure is gradually being exhausted in the current correction phase. He pointed out that the 2023 bear market also experienced a sharp decline in spot volume before volatility returned, marking the start of an upward trend.

Bitcoin is decoupling from the U.S. stock market and beginning to evolve into a hybrid asset, according to an analysis by CryptoQuant contributor XWIN Japan. The contributor noted that while BTC and the S&P 500 moved in the same direction from 2020 to 2022, Bitcoin has shown significant volatility since 2025, unlike the stock index. Based on net spot purchases and ETF fund flows, BTC is now reacting more strongly to liquidity cycles and institutional demand. "This suggests that BTC is evolving from a simple risk asset into a hybrid asset that is sensitive to macro liquidity while following its own unique market structure," XWIN Japan wrote. The contributor predicted that if the Fed's monetary policy easing coincides with a weaker U.S. dollar and a resumption of ETF inflows, BTC could emerge as an alternative asset that absorbs liquidity independently, rather than simply following tech stocks.

The total market capitalization of stablecoins has surpassed $322 billion, reaching a new all-time high, CoinDesk reported. This figure now exceeds the foreign exchange reserves of 95 countries worldwide. The outlet noted that the value of stablecoins held by users outside the traditional banking system is greater than the reserves of nations including developed countries like the UK and Canada, as well as the oil-producing United Arab Emirates. CoinDesk described this trend as an indicator of how rapidly capital is shifting to digital financial rails.

On-chain analyst ZachXBT has identified an entity connected to four BSC-based projects suspected of price manipulation on centralized exchanges (CEX), including Yuldo Games (ESPORTS), which crashed 94% overnight. He stated that this entity received vested ESPORTS, RIVER, and LIGHT tokens through a Sablier vesting contract and is also linked to three LAB multisig wallet signers. ZachXBT noted that he had previously raised suspicions about price manipulation involving LAB and RIVER. He added that it would be difficult to attribute the entity's position to mere luck, given that ESPORTS plummeted 93% in a sharp overnight drop, suggesting potential insider activity. Meanwhile, suspicions of a rug pull are spreading throughout the community following the ESPORTS crash.

SmarterWebCompany, a firm listed on the London Stock Exchange, announced it has purchased an additional 10 BTC. Its total holdings now stand at 2,869 BTC.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for assets on the Base network due to a network upgrade. The suspension is scheduled to begin at 11:00 a.m. UTC on May 28.

Two of seven CoinNess-affiliated chart masters forecast a decline in Bitcoin's price this week, while five predicted a rise. The highest price target is $84,000, and the lowest is $73,000. Note: Vote for the price direction and target that aligns with your view via the provided link. One hundred participants will be selected by lottery to receive a coffee coupon.

Mike Belshe, CEO of crypto custody firm BitGo, has stated that the core bull case for Bitcoin (BTC) is not potential interest rate cuts but the erosion of trust in fiat currency. Commenting on the appointment of Kevin Warsh as the new Federal Reserve (Fed) Chairman, Belshe noted on X that Warsh has long been a critic of quantitative easing (QE) and the Fed's excessive asset purchases. According to Belshe, if Warsh is sincere, the era of reflexively using monetary easing policies will end. He outlined two potential outcomes: if Chairman Warsh successfully restores trust in the U.S. dollar, it would be positive for the stability of the financial system. However, if he fails, it would serve as proof that the existing system is impossible to fix, which would be positive for BTC. Belshe concluded that hard money—assets whose supply cannot be easily increased by governments or central authorities—wins in either scenario.

A phishing attack impersonating Uniswap (UNI) through Google search ads has resulted in at least $400,000 in damages, Cointelegraph reported. Stacy Moore, founder of the Web3 marketing firm Green Dots, noted that a sponsored ad designed to look like the official Uniswap website was appearing at the top of Google search results. She criticized Google for neglecting the issue for years, which has allowed fake links to appear above the actual site and led to ongoing user losses.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.93% long, 50.07% short - Binance: 50.31% long, 49.69% short - OKX: 50.72% long, 49.28% short - Bybit: 48.97% long, 51.03% short

The South African government and central bank are working to clarify cryptocurrency regulations, local media outlet IOL reported. In a statement on an update to the draft Capital Flow Management Regulations, the Treasury and the central bank announced an extension of the public comment period to June 30, 2026. The statement explained that the regulation is not intended to criminalize cryptocurrency holdings or be applied retroactively. Additionally, a draft manual for a cross-border crypto transaction framework will be released for public comment. The manual is expected to include definitions for cross-border crypto transactions and the obligations of officially authorized crypto service providers.

Italian energy company Alps Blockchain, in partnership with Bolivian firm Kuruvika, has launched a Bitcoin mining operation at a decommissioned 127-megawatt (MW) natural gas power plant in Cochabamba, Bolivia, Beets reported. The mining facility currently uses approximately 27 megawatts of power and has a hashrate of 1.23 EH/s. The company plans to expand its power consumption to 45 megawatts by the end of the year.

Abu Dhabi-based global investment firm International Holding Company (IHC) has executed a $30 million transaction using a stablecoin pegged to the UAE Dirham, Bitcoin.com reported. This marks the first major institutional transaction for the stablecoin since it received regulatory approval. The deal was conducted with the DDSC stablecoin on the ADI Chain, an institutional Layer 2 blockchain developed by the ADI Foundation.

XRP is facing renewed downward pressure after failing to break through the $1.36 resistance level, according to an analysis by CoinDesk. The report noted that after its recent failure to overcome this resistance, XRP is being pushed toward the key support level of $1.30. Repeated tests of this support could signal weakening buying pressure, and the $1.30 zone is now seen as a critical price point for gauging the potential for further declines. Technically, XRP is trading below its major moving averages, reinforcing the short-term bearish trend. However, CoinDesk explained that as long as the token maintains the key support at $1.30, the current trend can be viewed as a short-term bearish phase.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price lingers in a range or moves significantly, with these brighter areas potentially acting as support or resistance. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.