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Companies that strategically hold Bitcoin and Ethereum are now undervalued, with their shares trading at a discount to their net asset value (NAV), according to an analysis by 10X Research. The firm compared the situation to the Grayscale Bitcoin Trust (GBTC) in December 2022, when it traded at a 47% discount to its NAV. This effectively allowed investors to buy BTC at under $10,000 per coin, a discount that vanished after its conversion to an ETF. 10X Research explained that while investors believed such products would always trade at a premium to their underlying BTC holdings, they actually behave more like options. Their share prices rise above NAV during periods of high volatility but fall below it as volatility subsides. The research firm noted it had warned in August 2025 that these companies' stock prices could fall below the value of their actual assets, a scenario that has now materialized. However, 10X Research suggested that this discount is now transforming into a potential investment opportunity.

SK Hynix surpassing a $1 trillion market capitalization is intensifying downward pressure on Bitcoin as memory chip stocks monopolize market capital and attention, CoinDesk reported. The outlet noted that Micron Technology's stock surged 21% yesterday to exceed a $1 trillion market cap, with SK Hynix joining the club today. According to the report, memory-related stocks, integral to the AI boom, are drawing interest and capital away from the cryptocurrency market, fostering a negative sentiment for assets like Bitcoin. In a related comment, James Check (Checkmate), former lead analyst at Glassnode, added that no one is currently interested in Bitcoin. He explained that investor sentiment for the cryptocurrency has completely bottomed out, and long-dormant bears are now showing confidence.

The U.S. Department of Defense (the Pentagon) has drawn up a new list of strike targets inside Iran in preparation for a potential decision by President Donald Trump to resume military operations, U.S. officials said on May 27. According to NBC, the Pentagon is considering the operational name "Sledgehammer" for any renewed action. The list of targets includes the Natanz and Isfahan nuclear facilities, which were previously hit by U.S. airstrikes last June, as well as strategic oil facilities on Kharg Island, power plants, and military command and communication centers. However, sources noted that while many previous targets were fixed facilities and thus relatively easy to strike, current targets such as missile launchers and drones are now more concealed and dispersed, making precision strikes more difficult than before.

Robinhood is introducing a feature that allows users to delegate investment and credit card payment decisions to AI agents, Walter Bloomberg reported. Users can connect AI tools like Claude or Cursor to their accounts to execute stock trades, manage portfolios, and handle payments. The feature currently supports only stock trading, with options and cryptocurrencies slated for future inclusion.

Major U.S. investment bank JPMorgan has posted a job opening on its official website for a cryptocurrency analyst within its Global Research department. The position is at the Vice President (VP) level. According to the job posting, the main responsibilities for the role include: - In-depth analysis of cryptocurrency spot and derivatives markets - Authoring high-quality research for internal and external clients - Integrating digital asset insights into macro and cross-asset strategies - Evaluating and verifying internal and external research - Developing data-driven cryptocurrency market forecasts JPMorgan is offering an annual salary of $200,000 to $285,000 for the position.

McKenna, a managing partner at digital asset investment firm Arete Capital, predicted on X that Hyperliquid (HYPE) appears technically poised to trade above $100 within 12 months, given its recent upward trend. He noted that HYPE is continuing its rally after recently hitting a new all-time high. According to McKenna, a spot HYPE ETF has launched, and traditional finance seems willing to pay the price. He added that considering HYPE's market capitalization, the ETF inflows are stronger than those of any other ETF.

BlackRock, the world's largest asset manager and a spot Bitcoin ETF issuer, has deposited 2,538 BTC ($192.53 million) to Coinbase, according to Onchain Lens. The move is seen as part of the operational process for its spot ETF, IBIT, likely related to settling redemptions amid fund outflows.

U.S.-based crypto exchange Kraken has launched a "Bitcoin Vault" product that pays interest to depositors, CoinDesk reported. The new offering, available in the platform's "Kraken Earn" section, generates yield by deploying assets across various decentralized finance (DeFi) protocols. The returns are then distributed to depositors as interest.

Cryptocurrency regulatory compliance standards have become stricter than ever, according to a new report from blockchain analysis firm Chainalysis. The firm noted that institutions are adopting robust monitoring systems to meet these heightened standards. Nearly half of the institutions onboarded this year are applying alerting criteria so stringent that they would have ranked in the top 10% in 2020. Chainalysis views this as a sign of the ecosystem's rapid maturation. However, the report cautioned that even sophisticated systems can miss genuine risks or flag incorrect activities. The firm emphasized that due diligence on cryptocurrency service providers must therefore go beyond simple coverage metrics and instead focus on how well their data performs in real-world operational and regulatory scenarios.

Ripple (XRP) could experience further price declines due to a sharp drop in liquidity and worsening investor sentiment, according to an analysis by Watcher.Guru. The media outlet noted that XRP has been in a downtrend for about nine months since reaching an all-time high of $3.65 in July of last year. While the market attributes this sluggish performance mainly to macroeconomic uncertainty and bearish sentiment from geopolitical tensions, on-chain data points to more specific issues. According to analytics platform Santiment, investor sentiment for XRP on social networks has fallen to a level of extreme fear. Furthermore, XRP liquidity on Binance has dropped to its lowest point since 2020. This low liquidity suggests that XRP's volatility could increase sharply. While the future direction remains uncertain, the analysis concludes that a further short-term decline is highly possible amid concerns over a global economic slowdown and the ongoing crypto market slump.

BNBPlus (BNBX), a Nasdaq-listed company strategically accumulating BNB, announced on May 27 that it has raised $4.1 million through an issuance of convertible preferred stock. According to a press release, the investment round included participation from digital asset institutional investors such as Comstock Multichain Fund and Off The Chain LP. The company plans to use the funds to expand its digital asset reserves and as working capital for strategic reviews.

Iran's Islamic Revolutionary Guard Corps (IRGC) Navy announced today that numerous vessels have passed through the Strait of Hormuz, with the remainder expected to transit within hours. However, the IRGC added that ships from hostile nations remain barred from the strait. Iranian officials did not specify which countries this designation applies to.

Sharps Technology, a Nasdaq-listed company strategically investing in Solana (SOL), announced it is changing its name to SkyAI. The company's stock ticker will also change from STSS to SKYA, effective on Nasdaq starting May 28. Sharps Technology has also opened its international business headquarters in Hong Kong, where it plans to secure relevant licenses and hire local personnel.

Crypto traders are increasingly favoring U.S. dollars over Bitcoin, leading to a rise in the market share of dollar-pegged stablecoins like USDT and USDC, CoinDesk reported. According to the outlet, Bitcoin's market dominance has fallen from 61.2% on May 5 to below 60%. Over the same period, USDT's market share increased from 7% to 7.5%, while USDC's grew from 2.8% to 3%. CoinDesk noted that this is not the first time this has occurred this year, as a similar trend was observed in late January just before Bitcoin's price dropped to $63,000.

An unofficial draft of a memorandum of understanding (MOU) between Iran and the United States has been released, according to a report today from Balance News Agency, which operates under the Iranian judiciary. The document reportedly includes provisions for the withdrawal of U.S. military forces from the region around Iran and the lifting of the naval blockade against the country.

U.S. fintech platform SoFi (SOFI) has added support for its stablecoin, SoFi USD, to its app, The Block reported. This marks the first time a stablecoin issued by a U.S. bank has been integrated into a retail finance app. The stablecoin operates on both the Ethereum and Solana networks, allowing users to buy, sell, hold, and swap it within the app. SoFi plans to add more features in the coming weeks, including FDIC-insured deposit tokens, international remittances, and integration with the Bullish exchange.

South Korean crypto exchange Upbit announced it will suspend support for digital asset withdrawals to HTX starting today, May 27. The exchange explained the decision was made because HTX has been officially sanctioned by UK financial authorities.

Circle is accelerating its shift from being a simple stablecoin issuer to an integrated infrastructure provider for the digital asset industry, according to a report from Asian Web3 research and consulting firm Tiger Research. The report, titled "Circle Stock Analysis: 2026, The Beginning of Full-Scale Vertical Integration," states that the company's first-quarter performance marked a key turning point in this paradigm shift. Tiger Research explained that Circle's future business will revolve around three core pillars: maximizing USDC margins and circulation, launching its own Layer 1 blockchain called 'Ark,' and gaining a first-mover advantage in AI payments. "Currently, 94% of Circle's total revenue relies on interest income from its reserves, and it is now pushing to transform its structure to generate profits centered on its own platform," the report added.

Asset management firm Strive (Nasdaq: ASST), which strategically accumulates Bitcoin, purchased 402 BTC yesterday in its largest-ever daily purchase, according to BitcoinTreasuries. The amount represents 51% of the company's total accumulation over the entire previous week.

Ethereum (ETH) founder Vitalik Buterin announced on his Farcaster account that instead of his usual blog posts, he has decided to write a science fiction novel centered on the theme of decentralized governance. According to a link shared in the post, the novel appears to be complete up to Chapter Two.

Bitcoin could be poised for at least several more months of sideways price action if past patterns repeat, according to an analysis by quant trader and crypto analyst KillaXBT. He argued that based on the 180-day realized price—an on-chain metric for the average acquisition cost—the market has not yet spent enough time in a "red zone" of aggregate investor losses. The analyst noted that bear markets tend to involve prolonged periods of loss, suggesting that not enough investors have remained in an unprofitable state for a sufficient duration. Therefore, he concluded, if history is a guide, Bitcoin is likely to continue consolidating for at least a few more months.

Voice phishing incidents and damages in South Korea have declined for seven consecutive months following the implementation of a comprehensive government initiative last year, Electronic Times Internet reported. According to the government, the number of incidents dropped by 35.3% year-over-year to 9,353 between October last year and April this year. The total financial damage over the same period also fell by 35.3% to 493.6 billion won ($358.4 million). Additionally, authorities plan to begin blocking virtual asset accounts used in criminal activities starting this October, following recent amendments to relevant laws.

Italian bank Banca Sella has completed the approval process with the country's central bank to handle cryptocurrencies, local media outlet Cryptovaluta reported. This development could make Banca Sella the first bank in Italy to offer crypto services. The bank has previously stated it plans to launch digital asset custody and transfer services within the year, though the service will initially be offered to a select group of clients rather than the general public.

Bitcoin's implied volatility could be poised for a significant increase after its key volatility index, DVOL, dropped to a one-year low, according to Glassnode analyst Chris Beamish. The DVOL index reflects options traders' expectations for the future price movements of BTC and ETH. In a post on X, Beamish explained that DVOL has fallen to around 35, its lowest point in the last year. He noted that historical data suggests such low volatility periods are typically short-lived and are often followed by significant market moves.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section shows the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. These brighter areas can potentially act as support or resistance levels. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.