Live Feed

According to the Financial Times (FT), mediators said the U.S. and Iran are close to an agreement to extend their ceasefire for 60 days.

Hyperliquid's native token HYPE and AI-related cryptocurrencies could lead the next altcoin season as risk appetite shows signs of recovery in the crypto market, according to an analysis. Prominent crypto analyst Michaël van de Poppe noted that the recent bullish trend in HYPE and growing interest in AI cryptocurrencies suggest that market risk-on sentiment is reviving. He added that Hyperliquid is strengthening the on-chain asset tokenization trend by expanding into tokenized stocks, commodities, and pre-IPO assets. Van de Poppe believes HYPE could surpass $100 if market sentiment continues to improve, also stating that NEAR and Bittensor (TAO) are significantly undervalued in the AI sector.

Iran and the United States are in the final stages of confirming a memorandum of understanding (MOU), Iranian Foreign Ministry spokesperson Baghaei announced today, according to the Xinhua News Agency. He stated that after weeks of dialogue, the positions of both sides have progressed toward greater alignment.

Wall Street is quietly accumulating Bitcoin (BTC), Bloomberg ETF analyst James Seyffart said during an appearance on the New Era Finance podcast. He noted that the first quarter of this year was the most successful in crypto history. Despite sluggish price action for BTC, Seyffart observed strong demand for spot BTC ETFs from asset managers. He pointed out that since the ETFs launched, MicroStrategy has continued to buy BTC while retail investors have been selling, which indicates a shift in market leadership toward institutional players. The crypto market, he explained, grew with a focus on retail investors first, unlike other asset classes, and institutions are now beginning to take control. Seyffart added that the traditional four-year cycle may no longer be as significant and that the upward structure for BTC will likely remain intact as long as overall market confidence is maintained.

Crypto asset manager Grayscale has praised Sui's (SUI) introduction of a gasless stablecoin transfer feature. In a post on X, Grayscale said that stablecoins are becoming core financial infrastructure and that networks removing friction from payments will gain a competitive edge. The firm added that Sui has eliminated one of the most significant friction points. The comments follow Sui's full implementation of the gasless stablecoin transfer feature on its mainnet.

A spokesperson for Iran's Foreign Ministry said a nuclear agreement is "very far, yet very close," adding that U.S. officials are constantly changing their positions, Iranian state TV reported.

President Donald Trump has decided against formally ordering a new military strike on Iran for now, opting instead to allow more time for diplomatic negotiations, The Wall Street Journal (WSJ) reported, citing multiple U.S. officials. During a meeting with his national security team on May 22, President Trump was briefed on the ongoing dialogue with Iran and subsequently expressed his intention to grant additional time for the talks. However, he also made it clear that the option for a military attack remains reserved should the negotiations ultimately fail.

Fenwick & West, a law firm that represented FTX, has agreed to pay $54 million to settle a lawsuit related to customer losses, BeInCrypto reported. The settlement is subject to court approval before it is finalized. Plaintiffs alleged that Fenwick went beyond a simple advisory role and was involved in designing the structure that allowed for the misappropriation of customer funds between FTX and Alameda Research. This settlement is part of a secondary wave of legal battles following the FTX bankruptcy, and a separate $525 million lawsuit against Fenwick and some of its partners is still ongoing.

Hyperliquid is evolving beyond a simple decentralized exchange (DEX) into an on-chain "Wall Street platform," CryptoSlate reported. The price of HYPE recently surpassed $60, marking a year-to-date increase of over 120% and pushing its market capitalization past $15 billion. This performance contrasts with the bearish trends of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) during the same period. According to the report, Hyperliquid is expanding its institutional fund inflows by integrating brokerage, exchange, and custody functions into a single environment. The publication also noted that prediction market Polymarket currently gives HYPE an approximately 30% chance of reaching $100 by the end of the year.

Rising U.S. Treasury yields are weakening investor sentiment for high-risk assets like Bitcoin (BTC), according to a CoinDesk analysis. The outlet noted that the appeal of allocating funds to BTC is diminishing as government bond yields rise in the U.S. and other major countries. Additionally, geopolitical tensions related to Iran are stoking fears of supply disruptions in the Strait of Hormuz, prompting some speculative capital to shift toward commodities such as crude oil, copper, and sulfur. This trend is reflected in continued outflows from U.S. spot BTC ETFs, which recorded approximately $1.26 billion in net outflows this week, marking the largest weekly withdrawal since January of this year. Combined with about $1 billion in outflows from the previous week, the cumulative net outflow over the past two weeks has surpassed $2.26 billion.

South Korean crypto exchange Bithumb announced it will temporarily suspend USDT withdrawals via the Tron network starting at 11:25 a.m. UTC today. The suspension is due to a system check on its Tether (USDT) wallets.

An early Ethereum holder, often referred to as an OG, purchased 3,942 ETH ($8.08 million) over the past 24 hours at an average price of $2,049, Lookonchain reported. The same address acquired 12,001 ETH 10 years ago from the Swiss cryptocurrency exchange Shapeshift at an average price of $7.58. Last year, the address sold ETH valued at $34.3 million at an average price of $2,856.

Iran's foreign minister has held a second meeting with Pakistan's army chief of staff, according to Iranian state TV. The meeting followed earlier discussions regarding a proposal from the Iranian side. Separately, an Iranian Foreign Ministry spokesperson stated that significant differences remain between the U.S. and Iran.

A Chinese court has finalized a sentence of 12 years and seven months in prison for a man who stole and sold his acquaintance's Bitcoin. According to the People's Procuratorate of Changshan District in Fuzhou City, the man, identified as Lin, was asked by the victim, Wang, for help cashing out Bitcoin in late 2020. During the process, Lin secretly obtained the private key to Wang's crypto wallet from his computer and transferred four BTC to his own account. He then sold the assets, making an illicit profit of approximately 900,000 yuan (about $124,000). Wang discovered the missing assets in 2024 and reported the theft, leading to Lin's arrest. An appellate court upheld the original sentence, which also included a fine of 300,000 yuan (about $41,000).

Jeffrey Huang, a well-known Taiwanese celebrity and crypto whale, has lost approximately $33 million on his ETH futures investments. He recently closed most of his 25x leveraged ETH long position, with some of his holdings being forcibly liquidated. His remaining Ethereum balance is now around 1,700 ETH.

Bitcoin's rally is losing its upward momentum, according to an analysis by on-chain analyst XWIN Japan Research. In a contribution to CryptoQuant, the firm argued that while BTC rebounded sharply from its April low to briefly recover to $82,000, the rise was driven more by speculative demand in the futures market than by actual spot buying. "One of the most important signals is that BTC faced resistance near its 200-day moving average of around $82,400," the analysis stated. "This is similar to the pattern in March 2022, when BTC also saw a strong rebound, met resistance in the same range, and then reversed into a downtrend." The firm added that BTC demand has shrunk as buying pressure from futures weakened sharply following the liquidation of long positions above the $80,000 level. Simultaneously, growth in spot demand has slowed, with spot BTC ETFs recording consecutive net outflows after seeing large net inflows earlier this month. "If a correction continues, the $70,000 area is the key support line," XWIN Japan Research concluded.

Major exchanges have seen $322 million worth of futures liquidated in the past hour. In the past 24 hours, $890 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,887 on the Binance USDT market.

Major exchanges have seen $103 million worth of futures liquidated in the past hour. In the past 24 hours, $670 million worth of futures have been liquidated.

The recent net outflow of over $1 billion from U.S. spot Bitcoin ETFs could represent a buying opportunity, according to an analysis by Santiment reported by Cointelegraph. The firm suggests that ETF fund flows can act as a contrarian indicator, as they tend to reflect retail investor sentiment more strongly than institutional sentiment. While the market generally interprets consecutive net outflows from BTC ETFs as a bearish signal, Santiment argues the current trend is closer to a market reset than a sign of excessive fear. The report also noted that such periods of sustained outflows have often created favorable conditions for long-term investors to accumulate positions incrementally.

Uniswap has put forward a governance proposal to expand its protocol fee-based UNI buyback and burn mechanism to the BNB Chain, Polygon (POL), and Celo (CELO) networks. The proposal will utilize an expedited process introduced through a governance overhaul known as "UNIfication." Under this new procedure, proposals related to fee updates will bypass the standard Request for Comments (RFC) stage and proceed directly to a five-day Snapshot vote, followed by an on-chain governance vote.

Police in São Paulo, Brazil, and power company CPFL Piratininga have uncovered a Bitcoin (BTC) mining farm using illegal electricity, seizing approximately 1,400 mining rigs, local media outlet Livecoins reported. The unauthorized electricity consumption at the site is estimated to be equivalent to the monthly usage of approximately 2,000 homes.

JPMorgan's tokenization platform, Kinexys, has surpassed $1.5 trillion in cumulative transaction volume since its launch in 2020, FinanceFeeds reported. The platform currently processes over $2 billion in transactions daily.

The European Central Bank (ECB) has warned that euro-denominated stablecoins could lead to a reduction in bank lending and complicate the implementation of monetary policy. According to Reuters, Bruegel, a Brussels-based economic think tank, proposed at an EU financial policy meeting that liquidity regulations for cryptocurrency issuers be eased and that the ECB provide liquidity support to bolster the competitiveness of euro stablecoins. Central bank officials, including ECB President Christine Lagarde, immediately opposed the proposal. They argued that such measures could destabilize bank deposits, thereby weakening the vital banking sector and the central bank's ability to adjust interest rates.

The U.S. Federal Deposit Insurance Corporation (FDIC) has released new regulations outlining compliance standards for stablecoin issuers under the Bank Secrecy Act (BSA) and economic sanctions rules. According to the new provisions, stablecoin issuers must comply with all relevant laws, including those for Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), economic sanctions programs, and various reporting requirements. These obligations also cover rules from the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC).