Bloomingbit Newsroom

Grayscale Says Strategy Faces Crucial Test as Capacity for More Bitcoin Buys Shrinks

Strategy, the world’s largest corporate Bitcoin holder, is running into difficulties with its treasury strategy, Cointelegraph reported on June 5. Jack Pandl, head of research at Grayscale, told Cointelegraph that changes in Strategy’s approach are w

Coinone Brings In Korea Investment & Securities, OKX as Strategic Investors for Global Finance Push

Korea Investment, OKX Become Joint Third-Largest Shareholders Exchange Maps Out Shift Into Global Blockchain-Based Finance Coinone Aims to Speed Up New Businesses in STOs and Stablecoins South Korean cryptocurrency exchange Coinone said it has brough

Trump Won’t Resume Full-Scale War With Iran Unless US Troops Are Killed, WSJ Reports

President Donald Trump has told aides he will not restart a full-scale war with Iran unless an Iranian attack kills US troops, the Wall Street Journal reported. The newspaper said on June 3 that Trump recently told advisers he could consider ending t

Korea Investment & Securities Says Coinone Stake Purchase Prepares for Digital-Asset Era

Iran Parliament to Soon Vote on Bill on Strait of Hormuz Control

EU Weighs Taxes on Online Gambling, Crypto to Raise Up to 28 Billion Euros Over Seven Years

The European Union is considering new taxes on online gambling, crypto assets and digital platform companies as it seeks to fund its next long-term budget. Politico reported on May 30 that the European Commission, the bloc’s executive arm, said in a

Cardano Falls Below Key Long-Term Support as $0.247 Reclaim Becomes Critical

Cardano's ADA has slipped below a key support level underpinning its long-term uptrend, according to an analysis by Ali Martinez. Martinez wrote on X on May 30 that ADA has traded within a multi-year price channel since 2021, with the channel's lower

Bitdeer Mines 206.2 Bitcoin This Week, Sells Entire Amount

Bitdeer said in a post on X on May 30 that it mined 206.2 Bitcoin this week. The company sold all of the newly mined Bitcoin. As a result, Bitdeer maintained a Bitcoin holding of zero.

Crypto Market Weakens Even as S&P 500 Extends Rally to Nine Straight Weeks

Bitcoin and Ether declined despite the continued rally in U.S. stocks, underscoring a divergence between cryptocurrencies and broader financial markets. CoinDesk reported on May 30 that the S&P 500 rose for a ninth straight week, its longest weekly w

Trump Says No Iran Sanctions Relief Even if Tehran Gives Up Enriched Uranium

President Donald Trump said the US will not ease economic sanctions on Iran even if Tehran gives up its highly enriched uranium. In a phone interview with PBS on May 27, Trump was asked whether the current talks involve Iran abandoning highly enriche

Trump Says No Sanctions Relief Even if Iran Gives Up Enriched Uranium

President Donald Trump said the US would not ease economic sanctions on Iran even if Tehran gives up its highly enriched uranium. In a phone interview with PBS on May 27, Trump was asked whether current talks involved Iran giving up its highly enrich

DTCC Targets First Half of 2027 for Stellar Linkup on Tokenized Assets

The Depository Trust & Clearing Corporation, the US securities depository and clearinghouse operator, has outlined plans to link tokenized assets with the Stellar network. CoinDesk reported on May 27 that DTCC is working with the Stellar Development

Polymarket Pursues User Identity Checks to Address Sanctions and Legal Risks

10x Research Says Crypto Treasury Firms Trading Below NAV May Offer Opportunity

Companies holding reserves of cryptocurrencies such as Bitcoin and Ether are trading at market capitalizations below their net asset value, potentially creating an investment opportunity, 10x Research said. In a report posted on X on May 27, 10x Rese

SoFi Introduces SoFiUSD Stablecoin on Its App

SoFi has begun offering its dollar-pegged stablecoin, SoFiUSD, to users of its banking app. The Block reported on May 27 that SoFi launched SoFiUSD on the Ethereum and Solana networks, with in-app support for buying, selling, holding and converting t

China’s Top Court to Study New Standards for Crypto Cases as Filings Rise

China’s Supreme People’s Court said it will intensify research into new judicial standards as cases involving virtual assets, or cryptocurrencies, increase. The Block reported on May 27 that Liu Guixiang, a member of the court’s judicial committee, t

UK Sanctions 18 Crypto, Digital Payment Platforms Linked to Russian War Financing

The UK government has placed multiple cryptocurrency exchanges and digital payment networks on its sanctions list over allegations they were involved in financing Russia's war effort. Finance Feeds reported on May 27 that the Foreign, Commonwealth &

Crypto-Related Violent Crimes Surge in France, With 41 Cases This Year

Violent crimes targeting wealthy cryptocurrency holders, including kidnappings and extortion, are surging in France, according to an analysis. The industry has identified the risk of leaks of centralized know-your-customer, or KYC, data as a main fac

Arthur Hayes Says Michael Saylor Won’t Protect Bitcoin Investors

Retail investors should not rely too heavily on Strategy’s Bitcoin purchases, Cryptopolitan reported on May 24. In an interview, BitMEX co-founder Arthur Hayes said Michael Saylor, Strategy’s executive chairman, is there to protect Strategy, its shar

Russia Requires Crypto Miners to Submit ASIC Machine IP Addresses

Russia has required cryptocurrency miners and mining infrastructure operators to submit the IP addresses of their ASIC mining machines. The government said the measure is intended to strengthen digital-asset transaction tracking, crack down on illega

Crypto Fear & Greed Index Falls 3 Points to Extreme Fear

The Crypto Fear & Greed Index, a gauge of investor sentiment in the digital-asset market, fell into the “Extreme Fear” zone as risk appetite weakened after the US and Iran failed to reach an agreement. Alternative said on May 24 the index fell 3 poin

CLARITY Act Could Expand Market for Crypto-Based Services

As debate over the CLARITY Act intensifies in the US Congress, the bill could reshape how the crypto industry generates returns, CoinDesk reported on May 23. Joe Bolono, chief commercial officer at STBL, told CoinDesk that the industry has so far rel

Iran Parliament Speaker Says Any Renewed Trump War Would Draw a More Destructive Response

Iran warned it would respond more forcefully if US President Donald Trump takes further military action. Tasnim News reported on May 23 that Iranian Parliament Speaker Mohammad Bagher Ghalibaf made the remarks during a meeting with Pakistan's army ch

CFTC Chairman Says Crypto Is Unlikely to Be Outlawed in US

As the US accelerates efforts to formalize rules for digital assets, the chairman of the Commodity Futures Trading Commission said there is virtually no chance crypto will be outlawed in the country. Wu Blockchain reported on May 23 that CFTC Chairma

SkyBridge Opportunity Fund Posts Second Straight Quarterly Loss on Crypto Weakness

Anthony Scaramucci’s flagship fund at SkyBridge Capital posted a second straight quarterly loss as weakness in the digital-asset market weighed on returns. The SkyBridge Opportunity Fund, the firm’s main investment vehicle, lost 12.9% in the first qu

Spot Ethereum ETFs See $6.6 Million in Net Outflows, Extending Streak to 10 Sessions

Spot Ethereum exchange-traded funds posted net outflows for a 10th straight trading session. Farside Investors data showed $6.6 million was withdrawn from spot Ethereum ETFs on May 22. BlackRock's ETHA and Fidelity's FETH recorded net outflows of $5.

Grayscale Says Ethereum, Solana, BNB Chain May Benefit From CLARITY Act

A small group of blockchain networks that dominate on-chain finance could benefit if the U.S. crypto market-structure bill known as the CLARITY Act is ultimately enacted, Grayscale said. In a report released on May 22, Jack Pandl, Grayscale's head of

Analysis: SpaceX IPO Could Raise Bitcoin Exposure in Nasdaq 100

A SpaceX listing, which could become the largest initial public offering on record, may increase Bitcoin exposure among large-cap Nasdaq technology stocks, Cointelegraph reported on May 22. SpaceX recently disclosed in an S-1 filing that it holds 18,

US House Oversight Committee Opens Insider-Trading Probe Into Kalshi, Polymarket

The US House Oversight Committee has opened an investigation into allegations of insider trading in prediction markets. UBlockchain, citing CNBC on May 22, reported that Representative James Comer, chairman of the House Oversight Committee, is invest

Polymarket Says $520,000 Drain Didn’t Affect User Funds

Prediction-market platform Polymarket said user funds and its market-settlement system remain secure after a recent $520,000 drain. CoinDesk reported on May 22 that Polymarket developers wrote on X that the incident stemmed from a compromised private