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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.

Binance co-founder He Yi has been named to Fortune magazine's Most Powerful Women list, the company announced. Binance stated that He Yi's leadership was instrumental in the company's creation, adding that this marks the first time a figure from the cryptocurrency industry has been included on the list.

The private key of a deployer for the crypto liquidity staking platform Stake DAO (SDT) has been leaked, leading to the unauthorized minting of 5.4 trillion vsdCRV by a hacker, ChainCatcher reported. The compromise specifically involved the deployer's private key on the Arbitrum (ARB) network. The attacker then swapped the minted vsdCRV for approximately 43.7 ETH, valued at around $90,000.

Strategy CEO Phong Le has purchased 55 shares of the company's perpetual preferred stock (STRC) to gift to his children, BitcoinTreasuries reported. The shares were bought at an average price of $99.41 for a total of $5,467.

The supply of Bitcoin held by long-term holders (LTH) has risen to 16.2 million BTC, nearing the all-time high of 16.3 million BTC set in early 2024, Bitfinex reported.

Marc Zeller, founder of the Aave governance group Aave Chan Initiative (ACI), has diagnosed the current crypto market sentiment as the worst in recent years but sees it as an opportune time for developers to concentrate on building. Writing on X, he explained that the current environment is unlike the end of the 2021–22 cycle, as it lacks major collapses like those of FTX, Celsius, and Luna. Instead, Zeller likened the market to 2018, characterized by a sense of despair stemming from the perception that crypto is no longer appealing due to stagnant token prices. He added that key protocols such as MakerDAO (now SKY), Compound (COMP), Synthetix (SNX), and EthLend (now Aave) were created during that previous period of public indifference. Zeller concluded that even if the market remains subdued for some time, it presents an exciting opportunity to focus on development and deliver tangible results.

On-chain analyst Moreno has warned that a growing divergence between derivatives market optimism and weak underlying demand is creating a vulnerable structure for Bitcoin. Moreno explained that while Bitcoin has shown weakness after failing to rebound, funding rates on Binance perpetual futures have turned positive again, indicating a dominance of long positions. However, he noted that this optimism is not supported by actual buying pressure, as limit buy volume in the futures market continues to decline and spot demand remains stagnant. This combination, Moreno argued, creates a fragile market environment and a potentially dangerous disconnect.

A surge in transactions on the XRPL network observed in April is similar to precursor patterns seen just before past bull runs, CryptoSlate reported. The outlet suggested that the current consolidation phase could be the starting point for the next cycle. According to CryptoQuant data cited by the publication, after a transaction explosion in November 2019, XRP rose from around $0.15 to $1.79. Following a similar surge in July 2024, it climbed from $0.5 to a mid-2025 cycle high of $3.17. A similar phenomenon occurred in April of this year, and XRP is currently consolidating in the $1.3 to $1.5 range. If this past performance is repeated, the next price target is estimated to be between $7.5 and $8. Currently, the Cumulative Volume Delta (CVD) for Binance perpetual futures is approximately -$641.9 million, indicating a prevalence of short sellers. However, spot CVD stands at around $397.3 million, and cumulative inflows into XRP ETFs have surpassed $1.12 billion, suggesting that spot buying is absorbing the selling pressure. CryptoSlate added that a genuine rally would require sustained spot demand, the capitulation of short sellers, and a technical breakout.

Samsung Electronics and SK Hynix have climbed to 14th and 15th place, respectively, in global market capitalization rankings, placing them just behind Bitcoin at 13th, according to data from CompaniesMarketCap on May 27. Samsung is now only one spot away from overtaking Bitcoin in what is known as a "flip," with SK Hynix two spots behind. On May 11, CoinNess reported that Bitcoin was ranked 11th while Samsung was 14th, representing a three-position gap. In just two weeks, Samsung's market capitalization has closed in on Bitcoin's. Meanwhile, CoinDesk noted that funds have been flowing into precious metals and major semiconductor firms this year, while Bitcoin's price has struggled.

HTX has clarified that Huobi Global S.A., an entity recently added to the UK government's Russia sanctions list, is a separate legal entity from the one that operates the HTX cryptocurrency exchange. In a post on X, HTX DAO core builder Molly explained that while the brands are similar, the global business operates through distinct legal entities in different jurisdictions. Molly stated that the sanctions are limited to asset freezes and the suspension of cooperation with financial institutions within the UK and do not affect global user assets or the exchange's overall operations. The clarification comes after news broke today that the UK had sanctioned the entity for allegedly supporting the Russian government. Following the announcement, community members reported that funds withdrawn from HTX were being frozen by some other exchanges. Molly attributed these issues to some overseas security firms applying a blanket risk tag to HTX-related addresses, which disrupted normal fund transfers and fueled market anxiety. HTX confirmed that its deposit, withdrawal, and trading functions are operating normally and that it is in discussions with relevant institutions to resolve the matter.

An anonymous Zcash (ZEC) whale address starting with t1Z9uK just withdrew 2,872 ZEC, worth approximately $1.66 million, from Binance in two transactions, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. The whale now holds 14,496 ZEC, worth about $8.35 million, with an estimated unrealized profit of approximately $3.367 million based on its on-chain acquisition cost.

Blockchain media outlet Digital Asset reported that it found the office of Yuldo Games (ESPORTS) developer Catze Labs nearly deserted on May 26 and 27, following a 93% crash in the token's price. According to the exclusive report, only one employee was present in the darkened office the day after the crash. The CEO of Catze Labs claimed by phone that the company was merely the developer and was "unrelated to this crash," adding that Yuldo has a separate CEO. However, when asked about a potential insider sell-off, the CEO stated, "It was not the team's intention, and we are investigating the matter," a comment that appeared to contradict the earlier claim of non-involvement. CoinNess previously reported, citing on-chain analyst ZachXBT, that the entity behind the ESPORTS dump showed signs of having participated in past price manipulation, suggesting a possible rug pull. Suspicions continue to spread as the Yuldo team has not released any investigation results two days after the incident. Typically, projects explain the cause of such a collapse within hours and publish a third-party audit within days.

The era of all digital assets rising in unison is likely over, according to Choi Yoon-young, head of the Digital Asset Research Team at Hanwha Investment & Securities. In an interview with the Seoul Economic Daily on May 27, he said the market is expected to reorganize around Bitcoin, with altcoins moving more selectively. Choi identified "institutionalization" as the biggest change in the digital asset market. He added that while the four-year halving cycle was a major focus in the past, the market is now far more influenced by the macroeconomic and liquidity environment. According to his analysis, Bitcoin is solidifying its position as an asset sensitive to macro variables like interest rate cuts and liquidity expansion.

Some investors are continuing to accumulate altcoins despite the current market downturn, according to cryptocurrency analyst CW8900. The analyst noted that while the broader crypto market is stagnant amid declining trading volume and worsening sentiment, trading in altcoins—excluding the top five assets of BTC, ETH, SOL, XRP, and BNB—has actually increased. He explained that although some market participants view the likelihood of an altcoin season as low, retail investors are gradually increasing their exposure to these assets.

Wallet of Satoshi, a wallet supporting the Bitcoin (BTC) Lightning Network, announced on X that it is transitioning its point-of-sale (POS) service for merchants to a self-custody model. Support for POS terminals using existing custodial addresses will be discontinued soon, and business operators will need to set up new self-custody addresses. The company explained that the move to self-custody is a response to increasing government reporting requirements for crypto custody services, which would otherwise necessitate user data collection.

According to data from CoinGlass, long positions worth $1.15 billion on major centralized exchanges face liquidation if BTC falls below $74,057. Conversely, a move above $78,035 would trigger the liquidation of short positions valued at $1.67 billion.

New York Stock Exchange (NYSE)-listed company Hyperscale Data (GPUS) has purchased an additional 7.68 BTC, bringing its total holdings to 699.68 BTC, BitcoinTreasuries reported. The company aims to increase its BTC holdings to $100 million.