Live Feed

Ethereum could support native, trustless, and censorship-resistant private transactions next year, according to researcher soispoke. This would be possible if the network's Hegota upgrade includes FOCIL (EIP-7805), Frame Transactions (EIP-8141), Keyed Nonces (EIP-8250), and Recent Roots (EIP-8272). Ethereum founder Vitalik Buterin reposted the statement.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

U.S. President Donald Trump stated on social media on May 26 that it is crucial to maintain the U.S. Commodity Futures Trading Commission's (CFTC) exclusive jurisdiction over prediction markets, adding that they should be allowed to thrive. Trump noted that his administration is preparing rules that will serve as a standard for individual states, emphasizing that certain politicians, including Chris Christie, Letitia James, Tim Walz, and JB Pritzker, should not be the ones setting these regulations. The president also remarked that other countries are competing in this new financial market and that the U.S. must maintain its lead. He added that the U.S. is currently the global capital of cryptocurrency, such as Bitcoin, and will not allow other nations to take its place, calling it an important industry that must be protected.

An Upbit user who sued the exchange's operator, Dunamu, for losses incurred during a system failure immediately following the Dec. 3, 2024, emergency martial law declaration has lost the case, Yonhap News reported. The user, identified by his surname Cho, filed six market sell orders for 43,551 XRP between 1:51 p.m. and 1:57 p.m. UTC on Dec. 3. He argued that while the market price was in the 3,000 won range at the time of his first order, a system disruption delayed the transaction, which ultimately executed at 1,727 won, resulting in a loss of over 55.44 million won (about $42,600). However, the court dismissed the claim, stating that it was unlikely the initial order would have been filled at the 3,000 won price, given the surge in sell orders that occurred in response to the martial law situation.

Ripple Ledger (XRPL) is proposing a new Automated Market Maker (AMM) system to enhance its DeFi capabilities, CoinDesk reported. A draft proposal outlines plans to add features like concentrated liquidity and StableSwap models to the existing XRPL AMM. The core of the proposal is to give liquidity providers (LPs) direct control over how their pools' prices are formed. The current XRPL AMM distributes liquidity uniformly across all price ranges, a method considered inefficient for assets like stablecoins. The concentrated liquidity model would allow LPs to focus capital within specific price bands where most trading occurs, increasing capital efficiency. The StableSwap model is optimized for trading assets with minimal price differences, such as dollar-pegged stablecoins and wrapped assets. Additionally, a fully programmable Smart AMM is planned for future development under a separate specification.

Total Value Locked (TVL) in the decentralized finance (DeFi) sector has fallen by approximately 14% since the KelpDAO hack in April, The Block reported. The total TVL decreased from around $172 billion to $148 billion. The DeFi lending sector saw a notable decline during this period, dropping from approximately $53 billion to $40 billion.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.61% - Nasdaq: +1.19% - Dow Jones: -0.21%

The likelihood of the Clarity Act passing this year is diminishing as the political environment surrounding the bill continues to deteriorate, according to investment bank TD Cowen. The Block reported that Jaret Seiberg, a managing director at TD Cowen's Washington Research Group, noted that the political climate for the bill has worsened, making it improbable that it will become law this year. Although the Senate Banking Committee advanced the legislation earlier this month despite opposition from Democrats and the banking sector, Seiberg explained this signifies the debate has moved to the full Senate rather than a consensus being reached. He added that major obstacles remain, particularly concerning conflict-of-interest provisions. Seiberg also assessed that recent events surrounding President Donald Trump and his administration are making it more difficult for Democrats to support cryptocurrency legislation.

According to CoinNess market monitoring, BTC has fallen below $76,000. BTC is trading at $75,901.01 on the Binance USDT market.

Coinbase's Layer 2 network, Base, has launched its MCP Gateway, a tool designed to easily connect artificial intelligence interfaces with wallet infrastructure, The Block reported. The MCP Gateway provides a secure connection between Base accounts and AI interfaces that support the MCP standard, such as ChatGPT and Claude. This allows users to perform token swaps, transfer assets, and interact with dApps using only natural language commands.

The XRP Ledger Foundation has released a draft standard for an AMM V2 upgrade aimed at enhancing the functionality of its decentralized exchange (DEX), according to U.Today. The overhaul focuses on improving liquidity efficiency and the tokenization environment, as well as increasing price stability for real-world assets (RWA), stablecoins, and foreign exchange markets.

Privacy protocol Umbra has launched a Solana-based private token vesting feature in partnership with Streamflow, The Block reported. The function allows projects to vest and distribute tokens privately and at scale.

Solana (SOL)-based memecoin launchpad Pump.fun (PUMP) announced via X that it has launched a multichain trading feature on its app. The feature allows users to trade assets based on Ethereum, Base, BNB, and other blockchains with a single wallet.

Coinbase has announced the listing of META and DRV. Trading is scheduled to begin at 12:00 a.m. UTC on May 27, provided liquidity conditions are met.

Passing the CLARITY Act alone is not enough to improve regulatory certainty for cryptocurrency in the U.S., as significant tax system reforms are also necessary, according to Robin Singh, CEO of crypto tax platform Koinly. In an op-ed for CoinDesk, Singh argued that while the act is considered a turning point for the industry, the current tax framework remains complex and inefficient. He pointed out that some systems fail to accurately reflect investors' true tax situations by omitting acquisition costs and holding periods. Furthermore, activities on DeFi and non-custodial wallets are not tracked, placing the burden on users to manually reconstruct their transaction histories.

The weekly average spot trading volume for the top 10 cryptocurrencies has been approximately $80 billion this year, less than half of the $178 billion recorded in the previous year, according to crypto analytics firm Kaiko.

The Chicago Mercantile Exchange (CME) announced the launch of futures for Sui (SUI) and Avalanche (AVAX).

Bitcoin mining company TeraWulf saw its stock price jump 13% after announcing plans to build a large-scale AI and high-performance computing (HPC) data center in Kentucky. The company's shares are currently trading at $25.84, up 13.21%. According to CoinDesk, the project is planned to have a maximum capacity of one gigawatt (GW). TeraWulf aims to launch with 500 MW in 2028 and pursue further expansion through 2030.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The Bitcoin funding rate has turned significantly positive again, according to on-chain analytics firm Glassnode. The firm noted that as BTC consolidates around $75,000, a trend has emerged where traders are paying a premium to maintain long positions. Glassnode suggested this indicates a clear reversal in market sentiment, moving away from the strong bearish positions seen in April.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,986.35 on the Binance USDT market.

On-chain analytics firm Bubblemaps has raised rug pull allegations against the CWU token, a project that gained prominence through its backing by former Ghanaian President John Kufuor. According to Bubblemaps, a specific cluster of addresses sold approximately $600,000 worth of the token while still retaining control over about 85% of the total supply. The firm noted that this concentration of insider holdings and the recent sell-off are fueling market concerns.

The U.S. Navy has resumed supporting ships passing through the Strait of Hormuz, The Wall Street Journal reported, citing U.S. military officials. Officials stated that a Greek-owned Very Large Crude Carrier (VLCC) carrying two million barrels of crude oil was escorted by the U.S. Navy as it passed through waters near Oman. The vessel had been stranded in the Middle East Gulf region since early March and is now en route to India to deliver its cargo. This escort operation marks the restart of the "Freedom Plan," an initiative by the U.S. to support vessels navigating this key maritime route. The plan had previously been suspended about 36 hours after its initial launch. Officials added that the U.S. Navy plans to assist approximately 10 more ships, including VLCCs and container ships, in transiting the area within the next few days.

A Wyoming medical project backed by a $250 million investment from Cardano (ADA) founder Charles Hoskinson is set to close due to financial difficulties. Hoskinson announced that he will now focus on the Cardano ecosystem and the privacy-focused blockchain Midnight. According to CryptoSlate, the medical business is scheduled to shut down at the end of July, citing over-expansion and excessive costs.

Ripple is expanding its financial services for institutional clients by filing two new trademark applications in the United States for its Triskelion logo and wordmark, U.Today reported. The filings cover a range of services, including asset management, financial and risk management, investment advisory, and stablecoin-related services. They also extend to hedge fund operations, prime brokerage, securities lending, and clearing and brokerage functions.