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Whale Alert reported that 4,180 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $305 million.

Coinbase (COIN) announced that it managed 40.48 million SOL in the first quarter of this year, representing 9.52% of the total amount staked on the Solana network. The company explained that its Solana validator nodes are operated across six countries and regions and support multiple clients, including Firedancer, to ensure system stability and prevent centralization risks.

Blockchain lottery platform Megapot has launched an on-chain charity lotto to support Ethereum core developers by donating a portion of its ticket revenue, CoinDesk reported. The initiative aims to address funding shortages for engineers maintaining the Ethereum network by forwarding all referral fees from ticket sales directly to the developers. The lotto's prize pool is approximately $1.1 million.

Iran's Supreme Leader Mojtaba Khamenei has not yet approved a memorandum of understanding (MOU) with the United States, according to a May 28 report from Amichai Stein of Israel's i24NEWS, citing sources. This may be one of the reasons why President Trump has also not consented to the agreement. The report states that for now, an agreement has only been reached between Iranian Foreign Minister Araghchi, Parliament Speaker Ghalibaf, and the team of U.S. Special Envoy for the Middle East Witkoff. Iran's de facto top leadership, which holds final decision-making power, has not yet indicated its approval.

An anonymous whale address starting with 0x0df2 is on the verge of forced liquidation on Hyperliquid (HYPE), according to EmberCN. The address previously opened a 40x BTC long position with an average entry price of $73,345.7, valued at approximately $30.4 million. The position's liquidation price is $72,434.33, meaning it will be forcibly closed if BTC falls by about $600.

Decentralized lending protocol Morpho has released the white paper for Midnight, a new protocol that supports fixed-rate, fixed-term loans. The protocol is designed to operate autonomously without governance intervention. Additionally, Midnight's entire codebase has been made open source.

South Korean crypto exchange Upbit has announced a temporary suspension of deposits and withdrawals for cryptocurrencies on the Sui (SUI) network, citing a halt in the network's block production. The affected assets include DeepBook (DEEP), Haedal Protocol (HAEDAL), LumiWave (LWA), Momentum (MMT), Sui (SUI), and Walrus (WAL).

Nasdaq-listed semiconductor firm Sequans Communications (SQNS) has ended its Bitcoin accumulation strategy, selling 80% of its holdings to repay debt, The Block reported. The company, which once held 3,000 BTC, now has 658 BTC remaining. Sequans plans to sell its remaining Bitcoin to prioritize its core 4G/5G semiconductor business and expand its wireless applications for drone systems.

South Korean crypto exchange Bithumb has announced it is temporarily suspending deposits and withdrawals for cryptocurrencies on the Sui (SUI) network due to a mainnet issue. The affected assets are Sui (SUI), DeepBook (DEEP), Walrus (WAL), LumiWave (LWA), Bluefin (BLUE), Haedal Protocol (HAEDAL), and Momentum (MMT).

The Layer 1 blockchain Sui (SUI) is experiencing a mainnet outage, according to an announcement on its official X account. The development team is currently working to resolve the issue, and further updates will be provided.

The Argentine government has introduced a bill to block all payment methods, including cryptocurrency, from being used on illegal online gambling sites in an effort to eradicate the practice, Cointelegraph reported. Under the proposed legislation, exchanges and other entities would be required to monitor and block gambling-related transactions. The outlet added that the move aligns with a broader trend of tightening regulations on global prediction market platforms like Polymarket.

The supply of Bitcoin held by addresses at a loss has increased to approximately 8.33 million BTC amid the recent price decline, according to an analysis by Glassnode. The firm noted that when BTC was priced at $76,600, this figure stood at just 7.75 million BTC. This suggests that roughly 580,000 BTC were accumulated within the $72,900 to $76,600 price range. Glassnode explained that these addresses now holding at a loss could potentially sell to cut their losses, which may increase short-term selling pressure.

St. Louis Federal Reserve Bank President Musalem said that rising real interest rates should be countered with a policy of interest rate hikes.

The U.S. and Iran are close to an agreement, but it requires the final approval of U.S. President Donald Trump, American political news outlet Axios reported. Citing two U.S. officials, the report stated that U.S. and Iranian negotiating teams have agreed on a 60-day memorandum of understanding (MOU) to extend the ceasefire and begin talks on Iran's nuclear program. However, Trump has not yet given his final consent. If the MOU is signed, it would mark the most significant diplomatic breakthrough since the war began, although further intensive negotiations would be necessary to reach a final deal that meets the president's nuclear demands. U.S. officials said the MOU includes a provision guaranteeing "unrestricted" navigation in the Strait of Hormuz. One official explained this means no tolls or any form of interference, and that Iran must remove all mines from the strait within 30 days.

U.S. exchange Gemini has launched Command Center, an AI hub for its prediction market platform that utilizes a model from SpaceXAI, the artificial intelligence division of SpaceX, CoinDesk reported. The new feature provides market summaries and sentiment analysis linked to a user's portfolio, watchlist, and prediction activity. Gemini is positioning Command Center's analytical capabilities as a key differentiator from competitors like Polymarket and Kalshi. The exchange currently supports prediction market trading on a range of topics, including cryptocurrency prices, sports, and political and economic events.

The total amount of Bitcoin held across all exchanges has fallen to approximately 2,666,753 BTC, a level not seen since August 2019, according to a CryptoQuant contribution by cryptocurrency analyst thechessONCHAIN. The analyst noted that while BTC's price is about eight times higher than it was in August 2019, market indicators have shifted from a bullish to a bearish zone. He wrote that while a decrease in exchange holdings signifies a reduction in the immediately sellable supply, a price increase requires corresponding demand. In 2019, the structure of the bull cycle generated this demand, whereas the current demand outlook is uncertain. He explained that although a supply shortage persists, a new demand driver exists in the form of spot ETFs, and exchange holdings have continued to decline even since their launch.

The "debasement trade" centered on BTC and gold is weakening, according to an analysis by JPMorgan. The bank noted that recent simultaneous outflows from BTC and gold ETFs, along with a reduction in CME futures positions, indicate a decrease in demand for hedging against inflation and geopolitical risks. In particular, expectations of easing U.S.-Iran tensions and the possibility of a diplomatic agreement are changing investor sentiment. JPMorgan explained that funds are not moving from BTC to gold; rather, demand for both assets is slowing.

Grayscale has temporarily suspended its plans for an initial public offering (IPO) due to market conditions, CoinDesk reported. A source told the outlet that it is unlikely the company will resume IPO preparations before the fourth quarter of this year. Grayscale filed its IPO paperwork with the U.S. Securities and Exchange Commission (SEC) last November. The move highlights the cautious stance cryptocurrency companies are taking on public listings amid increased market volatility and sluggish investor demand, the report added.

An address belonging to a whale who participated in the Ethereum ICO has deposited 1,600 ETH, worth approximately $3.18 million, to the exchange Kraken, according to Onchain Lens. The address still holds an additional 400 ETH, valued at around $790,000. The estimated return on investment for this holding is 6,376x.

Stellar (XLM) has overtaken Chainlink (LINK) to become the 15th largest cryptocurrency by market capitalization, with its total market value now exceeding $6.4 billion, according to CoinMarketCap. The token is currently trading at $0.1938, up 29.7%.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.47% - Nasdaq: +0.04% - Dow Jones: -0.06%

Asset manager VanEck has launched the first spot BNB ETF in the U.S., the VanEck BNB ETF (VBNB), The Block reported. The product provides direct exposure to BNB price movements, with the underlying spot BNB held in cold storage at Anchorage Digital Bank. The ETF carries a fee of 0.39%. VanEck first applied for the BNB ETF last May, and Grayscale is also currently seeking approval for a similar product. However, both products will exclude staking features at launch.

Sandy Peng, co-founder of Scroll, wrote in a Forbes op-ed that the threat of quantum computing is expected to become a reality within approximately 10 years. She explained that an attack on Bitcoin from quantum computing would occur in several stages, with the most vulnerable targets being early Pay-to-Public-Key (P2PK) addresses whose public keys are permanently exposed on the blockchain. "While Bitcoin's value would not drop to zero, its viability would be much lower than expected," Peng argued. She noted that the threat from quantum computing is not inherently a physical issue but rather a problem of governance and coordination. Peng pointed out that the SegWit upgrade, which offered tangible performance improvements, took about two years from its official proposal to implementation. In contrast, she estimates it could take 10 to 15 years for the Bitcoin community to reach a consensus on addressing the quantum computing threat, a timeline almost identical to when the threat is expected to materialize.

Stablecoin issuer Paxos announced its subsidiary, Paxos Securities Settlement Company (PSSC), has received approval from the U.S. Securities and Exchange Commission (SEC) to register as a clearing agency. This allows PSSC to provide securities clearing and settlement services in accordance with the Securities Exchange Act. Paxos added that with this approval, PSSC has become the first blockchain-native registered clearing agency in the U.S.

France's Financial Markets Authority (AMF) has warned that cryptocurrency companies failing to obtain a license under the EU's Markets in Crypto-Assets (MiCA) regulation by June 30 could be blacklisted and face criminal action. According to Reuters, AMF Chair Marie-Anne Barbat-Layani emphasized that the deadline for license applications is extremely urgent. She added that any firm continuing to solicit customers without a license could be subject to sanctions and prosecution.