Live Feed

The U.S. Securities and Exchange Commission (SEC) has decided to delay its plan to permit the trading of tokenized stocks, citing market concerns and backlash, Bloomberg reported.

Global cryptocurrency exchange Coinbase has announced that it now supports trading for Axelar (AXL) for customers residing in New York state.

An analysis suggests that Bitcoin's ability to defend the +0.5 level on its price momentum indicator is a critical warning sign for a potential major downtrend. A drop below this threshold is seen not as a sign of immediate collapse, but as a first signal that upward momentum is weakening and selling pressure is taking over. The indicator has proven reliable historically. During a correction in mid-2025, for instance, cooling momentum was offset by strong whale accumulation, measured by spot CVD, resulting in range-bound trading. However, the last two times the indicator broke below +0.5, it led to a market collapse in October 2025 and a panic sell-off in February 2026. Currently, the momentum indicator remains above +0.5, but spot CVD is weakening. The Bitcoin Vector account noted that if momentum also gives way while spot buying is weak, it would be a powerful signal that a full-blown downtrend has begun, warranting increased caution. Bitcoin's price momentum, scored from -1 to 1, was at 0.9 until mid-May and is now around 0.7.

Cross-chain infrastructure platform Squid has raised $6 million in a strategic funding round. The round was led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. This brings Squid's total funding to $13.5 million. Launched in 2023, Squid is a platform that supports asset transfers across more than 100 blockchains, including Bitcoin, Ethereum, and Solana, and has processed over $6 billion in transaction volume to date. The company plans to use the new capital to accelerate the development of a new consumer product aimed at helping users access and manage their crypto assets.

Minnesota's recent enactment of a law allowing state-chartered banks and credit unions to offer cryptocurrency custody services is a strategic move to protect its local economy from large Wall Street institutions, CoinDesk reported. The legislation, a first for a U.S. Midwestern state, addresses concerns over significant capital flight to major crypto platforms in other states. This outflow has reportedly depleted funds available for reinvestment in the local community, such as small business and home mortgage loans. The law also aims to bolster the competitiveness of local financial institutions as Wall Street expands its digital asset infrastructure through stablecoins and tokenization. Effective Aug. 1, 2026, the law requires Minnesota-based institutions to meet strict federal compliance standards. It is expected to help them attract younger customers and prevent further deposit outflows by accommodating alternative assets.

A spokesperson for the Iranian Foreign Ministry said that multiple visits or talks over weeks or months do not necessarily lead to a conclusion, adding that diplomacy takes time, the Islamic Republic News Agency (IRNA) reported.

A spokesperson for the Iranian Foreign Ministry said it is not yet possible to confirm that an agreement is imminent, emphasizing that the core of the negotiations is to end the war, according to Iran's Tasnim News Agency.

Whale Alert reported that 284,196,459 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $284 million.

Crypto media outlet Decrypt analyzed the reasons why individual traders are leaving the cryptocurrency market despite institutional inflows, noting that retail investor trading volume on Coinbase plummeted by 35% in the first quarter compared to the previous quarter. The report cited several factors: - Decreased volatility due to the growing share of institutional investors. - The previous crypto market was a playground for meme-focused "dopamine addicts" who now find the market boring amid reduced volatility. - A shift by individual traders toward traditional assets. - Stagnation in the trend-driven memecoin market. - A backlash against the politicization of crypto, driven by what the report calls the "Trump crypto president" effect. - Many retail investors are holding significant unrealized losses in their altcoin positions.

Julio Moreno, head of research at CryptoQuant, has pushed back against claims that on-chain data is now obsolete, arguing that from the perspective of Bitcoin demand growth, ETFs account for only a small portion of the market. He added that current ETF demand is also contracting. Moreno's comments were a direct response to an X user who claimed that on-chain indicators are no longer useful because they fail to properly reflect buying and selling pressure from ETFs. The discussion began after Moreno previously stated, based on on-chain data, that spot demand for Bitcoin is declining at its fastest pace since January.

U.S. House Majority Whip Tom Emmer has dismissed concerns from law enforcement regarding protections for crypto developers as a distraction. In an interview with CoinDesk, Emmer strongly advocated for the Blockchain Regulatory Certainty Act (BRCA), which would exempt non-custodial DeFi software developers from being regulated as money transmitters. He argued that it is unfair to regulate developers who do not directly hold user funds and that varying state-by-state regulations are stifling innovation. Emmer emphasized that the Clarity Act, which has already passed the Senate Banking Committee with bipartisan support, will enhance the global competitiveness of the U.S. digital asset market. He added that the goal should be a 'light-touch' regulatory approach that limits the authority of regulatory agencies, predicting the legislation will soon pass Congress and receive President Donald Trump's signature.

A new lobbying group, Americans for Fair Markets, has launched in the U.S. to advocate for prediction market platforms ahead of the midterm elections. The group is supported by prediction market platform Kalshi and has brought on Taylor Budowich, a former White House Deputy Chief of Staff for Communications and Cabinet Affairs, as a strategic advisor. The organization aims to counter what it describes as market monopolization attempts and the spread of misinformation by existing sports betting and casino interest groups. Americans for Fair Markets plans to collaborate with the existing Coalition for Prediction Markets, which includes members like Robinhood and Coinbase, on comprehensive legislative and regulatory defense efforts.

U.S. Senator Cynthia Lummis said the CLARITY Act will end the regulatory ambiguity facing American crypto consumers and the industry, Cointelegraph reported.

Federal Reserve Chairman Kevin Warsh stated that inflation can be brought down and that the economy will grow strongly.

Michael Saylor, founder of Strategy, stated that the most interesting development in the Bitcoin ecosystem is the emergence of SATA in the credit market and ASST in the stock market. SATA represents the preferred stock of Strive, a company focused on Bitcoin accumulation, while ASST is its common stock. SATA pays a cash dividend every business day, approximately 250 times a year, offering an annualized dividend rate (APR) of 13.00%. The company sells SATA to investors to raise cash, which it then uses to purchase additional Bitcoin.

U.S. President Donald Trump said Iran desperately wants a deal.

U.S. President Donald Trump said the Federal Reserve (Fed) will make its own decisions.

U.S. President Donald Trump announced on May 22 that Kevin Warsh will now lead the Federal Reserve, expressing his hope that Warsh will perform his duties excellently and independently.

U.S. President Donald Trump said he expects Kevin Warsh would make a great chairman of the Federal Reserve.

Bitcoin spot demand is decreasing at its fastest pace since Jan. 10, according to an analysis by Julio Moreno, Head of Research at CryptoQuant.

A U.S. federal appeals court has rejected a request by prediction market platforms Kalshi and Polymarket to halt lawsuits against them, Bloomberg reported. The U.S. Court of Appeals for the Ninth Circuit denied the companies' request to stop enforcement actions from Nevada and Washington, meaning the cases will now proceed in their respective state courts. The court noted that the platforms failed to prove they would suffer irreparable harm by defending themselves in state court or that the case falls under federal jurisdiction. The ruling means Kalshi and Polymarket, which have been attempting to expand and gain mainstream acceptance amid regulatory pressure, now face significant legal risks as they must directly confront legal actions from state governments.

Polymarket has frozen a portion of stolen funds. Josh Stevens, Vice President of Polymarket, announced that the company has frozen $164,000 of the $573,200 in stolen funds, in cooperation with parties including ZachXBT. The incident was caused by the compromise of a six-year-old private key used for an internal funding setup. Stevens emphasized that the event was not an exploit of Polymarket or UMA contracts, adding that user funds are safe and all services are operating normally.

Cumulative net inflows for U.S. Bitcoin spot ETFs have remained solid despite a slight retreat this week, Bloomberg ETF analyst Eric Balchunas said on X. He added that this resilience is surprising, given that the price of Bitcoin is 50% below its all-time high and down 11% year-to-date. According to data from Bloomberg Intelligence, cumulative net inflows peaked at around $62.8 billion last October before falling to $53.8 billion this February. The figure then rebounded to $59.1 billion in early May and stood at $57.1 billion as of May 20.

Whale Alert reported that 350,852,233 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $351 million.

The Core Foundation and Maple Finance (MPL) have announced a full settlement of their dispute regarding Bitcoin (BTC) staking. Both parties have agreed to mutually release all claims and counterclaims from arbitration proceedings initiated in September 2025 and a lawsuit in the Grand Court of the Cayman Islands. The specific terms of the settlement, including any financial details, will remain confidential. Following the agreement, Maple Finance will proceed with the launch of its BTC yield product, "syrupBTC," as scheduled, while the Core Foundation will focus on expanding the Core network and developing BTC products.