White House Starts Review of CFTC Prediction-Market Rule After Trump Backs Agency

The White House has begun reviewing a proposed rule for prediction markets. The Office of Information and Regulatory Affairs, part of the White House Office of Management and Budget, recently received a draft prediction-market rule submitted by the C

Bankless Co-Founder Says He Sold Ether as Upside Momentum Faded

David Hoffman, the Bankless co-founder known as an Ethereum bull, said he sold his Ether holdings because the token's upside momentum has weakened. Wu Blockchain reported on May 26 that Hoffman remains bullish on the Ethereum network itself. But he s

Bangkok’s SEABW 2026 Ends With Focus on Southeast Asia’s Shift to Institutional Web3 Adoption

Southeast Asia Blockchain Week 2026, or SEABW 2026, jointly hosted by global blockchain venture capital firm Hashed and ShardLab, wrapped up in Bangkok, the organizers said on May 26. The event was held on May 20 and 21 at ICONSIAM. Attendees include

Crypto-Backed Democratic Newcomer Defeats 20-Year Incumbent in Texas Runoff

A Democratic newcomer backed by the cryptocurrency industry defeated a 20-year incumbent in the runoff primary for Texas's 18th Congressional District. Christopher Menefee beat Rep. Al Green in the Democratic runoff, Eleanor Terrett, host of CryptoAm

XRP Sentiment Turns Sharply Negative, but Extreme Fear May Signal Rebound

Investor sentiment toward XRP has deteriorated sharply again, but the surge in fear may itself point to a rebound. On-chain analytics platform Santiment wrote on X on May 26 that the ratio of positive to negative comments on XRP had fallen to about 1

Hyperliquid Launches Off-Chain Prediction Markets

Hyperliquid (HYPE) has launched a prediction market feature tied to off-chain events. Wu Blockchain reported on May 25 that Hyperliquid has added support for Canonical Outcome Markets. The markets are created using automated newsfeed software operate

South Gyeongsang Tightens Crypto Seizures, Collects $45 Million in Delinquent Local Taxes

South Gyeongsang Province has collected more than $45 million in delinquent local taxes this year after stepping up efforts to track hidden assets such as cryptocurrencies and stocks. Yonhap News reported on May 26 that the province collected 62.4 bi

Kalshi-Backed Lobby Group Names Trump Ally Taylor Budowich as Strategic Adviser

A new lobbying group backed by US prediction-market platform Kalshi has hired a close ally of President Donald Trump as a strategic adviser. Cointelegraph reported on May 24 that Americans for Fair Markets, a prediction-market lobbying group, appoint

Coinbase Says It Isn’t Worried About Wall Street’s Growing Push Into Crypto

Coinbase said it isn’t concerned about Wall Street firms expanding further into the cryptocurrency market. Katie Harries, Coinbase’s head of European policy, told CoinDesk on May 24 that “a bull market helps everyone” and that she is “not at all worr

Dunamu to Hold Upclass Junior Quiz Competition for Teenagers

Dunamu, the operator of crypto exchange Upbit, said Monday that it will hold the Upclass Junior Quiz Competition. Upclass Junior is a youth education project under Dunamu’s financial education program, Upclass. It provides content on basic economics

US Markets Shut for Memorial Day; South Korea Closed for Buddha's Birthday

Today's Main Economic Calendar ▶ May 25 (Monday): △ US markets closed for Memorial Day △ South Korean markets closed for Buddha's Birthday Today's Main Crypto Calendar ▶ May 25 (Monday): △ BNB Agent SDK launch

NYT Says CFTC Clashed Internally Over Reviews of Trump-Linked Crypto Prediction Market Firms

The U.S. Commodity Futures Trading Commission faced internal conflict during its regulatory review of crypto prediction market companies tied to the Trump family, according to a report. The Block reported on May 24 that The New York Times, citing cur

BitMine’s Unrealized Ether Loss Swells to $7.3 Billion, May Reach $10.1 Billion

BitMine, led by Tom Lee, has seen unrealized losses on its Ether holdings deepen. Cointelegraph reported on May 24 that the company’s unrealized loss had widened to about $7.3 billion after Ether recently fell to the low-$2,000 range. BitMine began a

US Spot-Bitcoin ETFs See $70.5 Million in Net Outflows for Fourth Straight Session

US spot-Bitcoin exchange-traded funds extended their run of net outflows. According to Farside Investors data released on May 21, the funds posted combined net outflows of $70.5 million on May 20, marking a fourth straight trading day of withdrawals.

Grayscale-Linked Wallets Bought and Staked $24.95 Million of Hyperliquid

Wallets linked to asset manager Grayscale recently made large purchases of Hyperliquid's HYPE token, according to on-chain data. Lookonchain said on May 20 that two Grayscale-linked wallets bought and staked a combined 510,387 HYPE over the past week

Bitcoin Reclaims $78,000 Level

CryptoQuant Says Bitcoin Is Tracing 2022 Bear-Market Pattern, With $70,000 Support in Focus

Bitcoin is showing a pattern similar to the one seen during the 2022 bear market, according to a CryptoQuant analysis. The Block reported on May 20 that CryptoQuant Head of Research Julio Moreno wrote in a report that Bitcoin's current price action c

SpaceX Publicly Files for IPO, Reveals 18,712 Bitcoin Holdings

SpaceX, Elon Musk’s rocket and satellite company, has publicly filed for an initial public offering, kicking off the listing process. Bloomberg reported on May 20 that the company is pursuing a Nasdaq listing and has submitted IPO paperwork to the US

US Spot-Bitcoin ETFs See $331.03 Million in Net Outflows for Third Straight Trading Day

U.S. spot-Bitcoin exchange-traded funds recorded net outflows for a third consecutive trading day. The funds posted combined net outflows of $331.03 million on May 19, according to Trader T. BlackRock's IBIT accounted for most of the withdrawals, wit

Solana Extends Decline as DEX Volume Drops and Short Positions Rise Amid Stiffer Competition

Solana has remained under pressure as network activity slows and competition intensifies, Cointelegraph reported. Cointelegraph reported on May 19 that Solana has fallen about 15% since failing to break above $98 on May 11. The token later retested t

[Today’s Key Economic and Crypto Events] US Crude Inventories, Fed’s Barr Speech

<Today’s Key Economic Events> ▶︎May 20 (Wed.): △ Federal Reserve Governor Michael Barr is set to speak at 10:15 p.m. Korea Standard Time △ US crude oil inventories are due at 11:30 p.m. Korea Standard Time △ Minutes from the April Federal Open Market

SpaceX Pursues Cursor Acquisition After IPO, Targets July Close

SpaceX, Elon Musk’s space company, is pursuing an acquisition of AI coding startup Cursor, Bloomberg reported on May 19. The company plans to complete the deal within about 30 days of its stock-market listing. SpaceX is expected to file for an initia

JPMorgan Says Ether Has Continued to Lag Bitcoin Since October 2025 Deleveraging

JPMorgan said Ether has continued to underperform Bitcoin since October 2025, when markets went through a deleveraging phase. CoinDesk reported on May 19 that JPMorgan wrote in a report that Ether has trailed Bitcoin in both price performance and ins

Bitmine Buys 71,672 More Ether as Tom Lee Sees Sub-$2,200 Levels as Buying Opportunity

Bitmine, an Ether treasury strategy company, made another large purchase of the cryptocurrency during the recent price decline. Cointelegraph reported on May 19 that Bitmine Chairman Tom Lee said the company bought an additional 71,672 ETH over the p

US Spot-Bitcoin ETFs Post $648.61 Million in Daily Net Outflows, Third-Largest This Year

US spot-Bitcoin exchange-traded funds posted more than $600 million in net outflows in a single day. Data from Trader T showed total net outflows of $648.61 million from the US spot-Bitcoin ETF market on May 18. That marked the third-largest daily ne

Echo Protocol Investigates Monad Bridge Security Incident, Halts Cross-Chain Transactions

Echo Protocol, a decentralized finance project built on Monad (MON), said it is investigating a security incident involving its bridge. In a post on X on May 18, the project said the incident occurred on the Monad-based Echo Bridge and that all cross

Korbit Holds Bitcoin Pizza Day Event, Offers Domino’s Pizza Gift Certificates

Korbit said on May 19 that it will hold a weeklong event through May 25 to mark Bitcoin Pizza Day. Bitcoin Pizza Day commemorates May 22, 2010, when Bitcoin was first used in a real-world transaction. The day refers to the purchase by U.S. programmer

Monad-Based Echo Protocol Suffers Suspected $76.7 Million Hack

Echo Protocol, a Monad-based decentralized finance project, appears to have suffered a hack. On May 18, Onchain Lens, citing DeFi analyst dcfgod, reported that a hacker had unauthorizedly minted about 1,000 eBTC on Echo Protocol and was using the tok

Nvidia’s Huang Says China Will Eventually Allow US AI Chip Imports, Reviving H200 Hopes

Nvidia Chief Executive Officer Jensen Huang said China will eventually allow imports of US-made artificial intelligence chips. Bloomberg reported on May 18 that Huang, in an interview with Bloomberg TV the previous day, said the Chinese government mu

Hana Bank’s Planned Dunamu Stake Purchase Faces Review Under Banking-Commerce Separation Rules

Hana Bank’s planned acquisition of a stake in Dunamu is under review by South Korean financial authorities, casting doubt on whether the deal will proceed. The Financial Services Commission is examining whether Hana Bank’s proposed purchase of a Duna