Live Feed

An address associated with leading Silicon Valley venture capital firm Andreessen Horowitz (a16z) has purchased 253,947.43 HYPE, worth $15.03 million, over the past seven hours, according to ai_9684xtpa.

The decentralized reinsurance protocol Re has announced via X that it will conduct a Token Generation Event (TGE). No specific date has been provided. Re is an ERC-20 governance token that aims to build a blockchain-based reinsurance ecosystem.

Bitwise announced that its Hyperliquid (HYPE) ETF (BHYP) has become the world's largest HYPE ETF, with $62.9 million in assets under management (AUM). As of 8:00 p.m. UTC on May 26, the fund had recorded cumulative net inflows of $56.9 million and an average daily trading volume of $19.8 million.

South Korean crypto exchange Bithumb announced it will temporarily suspend withdrawals for Tether (USDT) on the Kaia network, effective 1:45 a.m. UTC on May 28.

U.S. SEC Chairman Paul Atkins has stated that the era of the agency being hostile to new technology and innovation is over. In a post on X, he said that for too long, this approach has driven entrepreneurs overseas. Atkins vowed to work with the administration and Congress under President Donald Trump's leadership to provide regulatory clarity for the digital asset market. Previously, President Trump stated on Truth Social that the U.S. crypto industry was pushed offshore under former SEC Chairman Gary Gensler's tenure, emphasizing that he would not let the industry die.

The U.S. Commodity Futures Trading Commission (CFTC) has filed a motion to nullify a previous settlement with crypto exchange Gemini, effectively asking the court to treat the lawsuit as if it never happened, CoinDesk reported. In January 2025, Gemini had agreed to a settlement that included a $5 million fine for allegedly making false statements regarding the difficulty of manipulating Bitcoin futures contracts. The CFTC's current position is that the original lawsuit should not have been filed. According to the report, this action reflects a shift in the agency's stance following the appointment of pro-crypto Chairman Mike Selig under the second Trump administration. If the court approves the motion, Gemini's obligation to pay the fine will be eliminated.

South Korean police are launching a dedicated task force to combat a recent surge in crimes using cryptocurrencies like Tether (USDT) to launder illicit funds, the Korea Economic Daily reported. The move is part of a new comprehensive plan to combat money laundering, prompted by the proliferation of unregistered crypto exchange offices across Seoul that facilitate these transactions. The task force will be led by the head of the Economic Crime Investigation Division and will include personnel from the cybercrime, counter-terrorism, violent crime, narcotics, and criminal intelligence divisions.

South Korean crypto exchange Coinone has announced the termination of its "Coin Collecting" service offered through the Kakao Bank app, effective yesterday. As a result, users can no longer access the service from the "Invest" menu within the Kakao Bank app, though it remains available on Coinone's own app and website. According to Dailian, an industry insider commented that the move is unusual. "It is rare for a financial platform partnership service to be terminated just a week after launch, as they typically undergo extensive internal review," the source said, suggesting the decision might be a response to the current regulatory climate.

The Altcoin Season Index from crypto data platform CoinMarketCap is currently at 36, unchanged from yesterday. The index is calculated by comparing the price performance of the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) against Bitcoin. An altcoin season is defined as a period where 75% of these top 100 coins outperform Bitcoin over the last 90 days; otherwise, it is considered a Bitcoin season. A score closer to 100 indicates that an altcoin season is in effect.

An address believed to belong to crypto research firm Trend Research has sold its holdings of UNI and COMP for an estimated total loss of $40.29 million (60.6 billion won), according to blockchain analyst EmberCN. The address deposited 2,705,000 UNI ($8.71 million) and 114,000 COMP ($2.13 million) to Binance. EmberCN calculated the loss based on an average purchase price of $9.50 for UNI and $49.30 for COMP. At the time of the report, UNI was trading at $3.09 and COMP at $18.14, according to CoinMarketCap.

The Bank of Korea has held its benchmark interest rate steady at 2.50%. This marks the eighth consecutive time the central bank has frozen the rate, following similar decisions in July through November of last year, as well as in January, February, and April of this year.

Pump.fun, the Solana-based memecoin issuance platform, has deposited 100,628 SOL ($8.32 million) to Kraken, EmberCN reported. Deposits to exchanges are typically interpreted as a precursor to selling. Pump.fun has a history of depositing SOL generated from fee revenue onto exchanges. Since the beginning of 2024, the platform is estimated to have sold 4.54 million SOL, worth $791 million, at an average price of $174.

The Bank for International Settlements (BIS) has completed a prototype test for Project Agorá, its initiative for a token-based international wholesale payment system, in collaboration with seven central banks and over 40 private financial institutions. According to a BIS report, the prototype tokenizes central bank reserves and commercial bank deposits on a shared distributed ledger (DLT). The system uses atomic settlement to eliminate credit and settlement risks, with transactions completed in seconds and allowing parties to monitor payment status in real-time. Central bank participants included the Bank of Korea, the New York Federal Reserve Bank, the Bank of England, and the Bank of Japan. South Korean commercial banks involved were KB Kookmin Bank, Shinhan Bank, and Hana Bank. On the same day, the Bank of Canada announced it has also joined the project.

Hyperliquid (HYPE) is gaining attention from traditional finance investors, including those on Wall Street, as a cryptocurrency with significant growth potential, crypto analyst Evanss6 reported on X. He cited conversations with Bitwise Chief Investment Officer (CIO) Matt Hougan and Bloomberg ETF analyst James Seyffart. Key reasons for the interest include: - Its easy-to-understand model for investors - Direct value accrual through continuous buybacks - The ability to trade commodities like oil and metals 24/7, including on weekends - An apparent capital flow from BTC and ETH into HYPE - Strong trading infrastructure - Low ownership among most existing crypto investors Evanss6 added that the participants in the conversation suggested that while Solana aimed to become a decentralized Nasdaq, Hyperliquid appears to be fulfilling that role. They also described Hyperliquid as one of five or six projects with the potential to become a "financial superapp."

An anonymous trader known as Evaded has opened a 25x leveraged short position on 12,600 ETH, worth $25.49 million, on Hyperliquid, according to Onchain Lens. The trader is also maintaining a 30x leveraged Bitcoin short position valued at $71.5 million, with current unrealized profits exceeding $1.6 million. Meanwhile, a portion of a 25x leveraged ETH long position held by prominent Taiwanese singer Jeffrey Huang has reportedly been liquidated.

An anonymous whale address starting with 0x9295 deposited 3,466 ETH, worth $7 million, to Kraken about two hours ago, according to Onchain Lens. The address had been dormant for the past two years. Deposits to exchanges are typically interpreted as an intention to sell.

Garrett Jin, founder of the fraudulent crypto exchange BitForex, has expanded his 5x leveraged BTC long position to 1,268 BTC, worth $94 million, Onchain Lens reported today. His average entry price is $76,117, with a liquidation price of $51,580. Jin is also maintaining a $31.16 million short position in ZEC with 3x leverage, entered at an average price of $626.

WeHub and its largest shareholder, Yang Jae-seok, chairman of JM Coffee Group, have agreed to acquire South Korean crypto exchange Flybit, the Busan Digital Asset Exchange (BDX) announced today. According to Maeil Business Newspaper, the acquisition price was not disclosed. Following the deal, WeHub will hold a 40% stake in Flybit, with Yang holding 25% and Flybit CEO Kim Seok-jin retaining 15%. Flybit registered as a Virtual Asset Service Provider (VASP) in 2021 but later withdrew from the won-denominated market after failing to secure a required real-name account partnership with a bank.

The Crypto Fear & Greed Index, as calculated by data provider CoinMarketCap, has fallen four points from yesterday to 33, continuing to signal fear. A score closer to 0 indicates extreme fear in the market, while a score near 100 signifies extreme optimism. CoinMarketCap calculates its index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and its own search data.

The following is an analysis of the BTC/USDT spot pair's order book using the Spot Cumulative Volume Delta (CVD) chart as of 12:00 a.m. UTC on May 28. The top section displays a Volume Heatmap, while the bottom shows the CVD. - The Volume Heatmap tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas can indicate potential support and resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders for a specific category increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Strategy's (MSTR) preferred stock, STRC, is purchasing more Bitcoin than U.S. spot ETFs, emerging as a major buyer but also a new market variable, according to an analysis by on-chain analytics firm Pine Analytics reported by CryptoSlate. The firm noted that from March 9 to March 15 this year, STRC raised $1.18 billion and acquired 17,994 BTC. In the same period, the 12 U.S. spot Bitcoin ETFs recorded net inflows of only $763 million. Unlike spot ETFs, shareholder sales of STRC do not impact Strategy's BTC holdings. However, Pine Analytics highlighted that STRC's weakness is maintaining its $100 par value. While its volatility has compressed from an initial 18% to around 2%, there are concerns that a prolonged period below $100 could create pressure to halt issuance. A collapse of STRC would exert significant downward pressure on the entire market, the firm explained. STRC is a product that pays holders a monthly variable dividend targeting an 11.5% annual yield from Strategy's cash. The dividend rate falls when the price is above par and rises when it is below. Strategy only uses funds raised when STRC exceeds $100 to buy BTC, making it a key funding source for its recent acquisitions.

An address presumed to belong to the U.S. government has deposited cryptocurrencies worth $1.9 million and stablecoins (DAI) worth $2.656 million to Coinbase, Onchain Lens reported. The funds were seized from FTX and Alameda Research. The deposited cryptocurrencies include UNI, RNDR, SAND, MASK, AXS, and APE.

The U.S. military has conducted new strikes against Iranian military facilities and shot down multiple drones that posed a threat to its forces and commercial shipping in the Strait of Hormuz, Reuters reported, citing a U.S. military official.

Samsung Securities, Samsung SDS, and Samsung Card have announced they will join Dunamu as shareholders, following a similar move by Hana Bank. The companies will invest a combined 612.8 billion won. Under the deal, Samsung Securities will acquire a 2.0% stake, while Samsung SDS and Samsung Card will each take a 1.0% stake. This follows an announcement on May 20 from Hanwha Investment & Securities that it would acquire an additional 3.9% stake in Dunamu for 597.8 billion won, bringing its total holding to 9.84%.

U.S. President Donald Trump stated on Truth Social that former U.S. SEC Chairman Gary Gensler and a so-called anti-crypto army tried to destroy the U.S. crypto industry by driving Bitcoin, crypto perpetual futures products, and innovative technology overseas. "Under my leadership, the United States has once again become the world's crypto capital, and developers and entrepreneurs who went abroad are returning," he added. Trump pledged to enact legislation that would codify the crypto market structure, making it irreversible for regulatory opponents. "A new frontier of finance is being created in the United States," he said, emphasizing, "'TRUMP' will NEVER let Crypto down."