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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."

U.S. prosecutors have arrested and indicted a Google security engineer, Michele Spagnuolo, on charges of insider trading on the prediction market Polymarket, CoinDesk reported. Spagnuolo allegedly used a non-public internal Google tool to access a list of the most-searched individuals of 2025 before placing bets based on that information. Prosecutors claim he illegally used data unavailable to the public to secure over $1.2 million in illicit profits. He is also accused of attempting to conceal the origin of the funds to launder the proceeds, ultimately transferring the money to a payment processing account in Italy. This marks the second arrest by U.S. prosecutors related to insider trading on prediction markets, following the case of a U.S. soldier who was arrested for betting on a Venezuelan presidential operation.

A Reddit user has argued that a classic "altseason" is unlikely to return due to a structural shift in the cryptocurrency market's liquidity. According to the post, prior to 2022, funds from retail investors flowed into exchanges and on-chain ecosystems, cycling from gains in BTC and ETH into small and mid-cap altcoins. However, the user explained that capital now primarily enters the market through regulated financial products such as ETFs, corporate treasuries, and custodial institutions. This institutional capital does not rotate into arbitrary altcoins, making a market-wide rally where hundreds of tokens rise simultaneously less likely than in the past. The user also pointed out that liquidity has become even more fragmented due to the explosive increase in the number of tokens since 2021 and the dominant role of AI, bots, and MEV in market participation.

Major exchanges have seen $121 million worth of futures liquidated in the past hour. In the past 24 hours, $407 million worth of futures have been liquidated.

The monthly payment volume for cryptocurrency-linked debit and credit cards has increased by approximately 230% compared to last year, according to The Kobeissi Letter. The current monthly transaction value is now around $7.8 billion. The report attributes the rapid adoption of crypto cards to the growing use of stablecoins as a payment rail. Visa reportedly handles about 90% of all crypto card transactions through collaborations with on-chain companies such as Jupiter Global. Meanwhile, OKX launched a Mastercard-based stablecoin payment card in Europe earlier this year. Visa and Stripe subsidiary Bridge have also announced plans to introduce stablecoin cards in more than 100 countries.

Users on the decentralized prediction market platform Myriad are increasingly weighing the possibility of a short-term decline for ETH. The market currently sees a drop to $1,500 as more likely than a rebound to $3,000, with the probability of bets on a $1,500 price point rising by over 13% in the past week to 63%. ETH is currently trading around $2,000. This sentiment comes as spot ETH ETFs have experienced 11 consecutive days of outflows, with approximately $500 million withdrawn during that period. Meanwhile, Ryan Rasmussen, Head of Research at Bitwise, commented that while the crypto market is in a "bear market phase," institutions are still continuing to build Ethereum-based infrastructure.

The White House has begun reviewing a regulatory proposal from the U.S. Commodity Futures Trading Commission (CFTC) concerning prediction markets. According to The Block, the White House Office of Information and Regulatory Affairs (OIRA) received the CFTC's proposed rules for event contracts on May 27 and is now reviewing them. U.S. President Donald Trump has previously voiced public support for the CFTC having exclusive jurisdiction over these markets. However, the proposal faces opposition from some state governments, which argue that platforms like Kalshi and Polymarket are circumventing sports betting and gambling regulations. A legal dispute over this regulatory authority is currently underway in federal court.

Federal Reserve Governor Lisa Cook stated on May 27 that she is prepared to raise interest rates if inflation continues to move in the wrong direction. Speaking at a Stanford University event, Cook noted that while her current inclination is to hold borrowing costs steady and she anticipates price increases will slow again in the coming months, the risks remain tilted toward higher inflation. She pointed out that with inflation running above the Fed's 2% target for five years, there is a danger of price pressures becoming entrenched in wage and price-setting behavior. Cook reiterated her readiness to hike rates if the expected disinflation does not materialize in a timely manner. Her comments align with the view of many Fed officials who consider accelerating inflation a greater policy concern than the labor market.

U.S. President Donald Trump's recent comments supporting the Commodity Futures Trading Commission's (CFTC) role in prediction markets are unlikely to significantly impact the ongoing legal dispute, according to an analysis by TD Cowen. The Block reported that while Trump has argued the CFTC should have exclusive authority over these markets, TD Cowen predicts the jurisdictional battle over prediction markets and sports betting will likely reach the Supreme Court. The report also noted that state governments, which currently regulate sports gambling, hold the advantage for now, and the related lawsuits could take more than two years to be fully resolved.

The U.S. government has transferred approximately $1.9 million worth of altcoins linked to the seized assets of Alameda Research to a Coinbase Prime address. According to on-chain data, the transferred assets include RNDR, UNI, SAND, MASK, and AXS. These funds are reportedly from an Alameda-affiliated Binance account seized by the U.S. Department of Justice (DOJ) in 2023. While the market is monitoring for a potential sell-off, some observers suggest the transfer could be for routine asset management or a custody change, given the relatively small amount.