Live Feed

On-chain analysis platform Spot On Chain noted on X that as Bitcoin has fallen below $74,000, there are signs of selling from smart money. The platform added that news of airstrikes between the U.S. and Iran, coupled with a surge in oil prices, has created macroeconomic headwinds that triggered a sell-off across the cryptocurrency market. This led to significant capital outflows from the altcoin market, with some altcoins experiencing sharp price drops due to cascading futures liquidations.

The price of spot gold is down 2.00% intraday, trading at $4,366.65 per ounce.

Polymarket traders are giving Apple an 11% chance of reclaiming its title as the world's largest company by market capitalization by the end of the year, a figure that has risen 1.3 percentage points from yesterday. This comes as Apple (Nasdaq: AAPL) stock has seen a sharp rise, fueled by growing optimism around artificial intelligence, strong second-quarter earnings, and an expanded stock buyback program. Apple ceded the top spot to Microsoft in January 2024 and is currently ranked third globally, behind both Nvidia and Alphabet, Google's parent company. Meanwhile, the price of AAPLUSDT, an on-chain perpetual futures contract for Apple stock, is trading at $311.71 on Aster, up 0.89% from yesterday.

Major exchanges have seen $495 million worth of futures liquidated in the past hour. In the past 24 hours, $960 million worth of futures have been liquidated.

Famous Taiwanese singer Jeffrey Huang has had another leveraged ETH long position liquidated, according to data from ai_9684xtpa. A 25x leveraged position of 5,950 ETH was liquidated on Hyperliquid moments ago, confirming a loss of about $555,000. This brings Huang's total estimated losses from his ETH futures investments to nearly $34 million.

U.S. spot Bitcoin ETFs recorded a net outflow of approximately $733.4 million (1.1 trillion won) on May 27, marking the eighth consecutive day of outflows, according to data from Farside Investors. - BlackRock's IBIT: -$527.8 million - Fidelity's FBTC: -$60.3 million - Bitwise's BITB: -$17.5 million - Ark Investment's ARKB: -$17.4 million - Morgan Stanley's MSBT: +$4.3 million - Grayscale's GBTC: -$104.8 million - Grayscale's Mini BTC: -$9.9 million

According to CoinNess market monitoring, BTC has fallen below $73,000. BTC is trading at $72,941.8 on the Binance USDT market.

Major exchanges have seen $346 million worth of futures liquidated in the past hour. In the past 24 hours, $809 million worth of futures have been liquidated.

U.S. spot Ethereum ETFs saw net outflows of approximately $67.1 million on May 27, marking the 12th consecutive day of outflows, according to data from Farside Investors. - BlackRock ETHA: -$65.1 million - Fidelity FETEH: -$2 million

Decentralized cryptocurrency exchange Aster (ASTER) has listed BTC and ETH perpetual futures pairs denominated in U, a dollar-pegged stablecoin from United Stables. The listing marks the first to be approved through Aster's validator-based voting system. To commemorate the launch, Aster is conducting a trading reward campaign with a total prize pool of 50,000 U. From 10:00 a.m. UTC on May 27 to 2:00 p.m. UTC on June 2, users who pay trading fees on the BTC/U and ETH/U perpetual futures will be eligible to share in reward pools of 25,000 U for each pair, respectively.

Blockchain technology firm Lambda256, an affiliate of Dunamu, has signed a strategic memorandum of understanding (MOU) with global digital asset security firm CertiK, Digital Daily reported. The two companies plan to provide an integrated digital asset security and compliance solution for South Korean financial institutions and Virtual Asset Service Providers (VASPs).

South Korean crypto exchange Coinone has announced restrictions on deposits and withdrawals related to HTX, effective May 28. The decision follows confirmation that an HTX-affiliated entity, HUOBI GLOBAL S.A., has been added to The UK Sanctions List.

Following the UK government's decision to add Huobi Global S.A., an entity linked to crypto exchange HTX, to its Russia sanctions list, HTX has stated that indiscriminate risk controls by the industry are causing widespread harm to users. Molly, a core builder at HTX DAO, said on X that normal users are facing transfer restrictions and blocked trades. She added that accounts on other platforms have even been frozen simply for depositing funds withdrawn from HTX. "If there are concerns about a platform, the measures should target that platform, not cause indiscriminate harm to ordinary users," Molly argued. She urged the industry to improve its risk control standards and implement a more precise review system for legitimate users associated with HTX.

Major exchanges have seen $238 million worth of futures liquidated in the past hour. In the past 24 hours, $700 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $74,000. BTC is trading at $73,992.01 on the Binance USDT market.

Iran's Islamic Revolutionary Guard Corps (IRGC) announced on May 28 that it had struck a U.S. airbase after American forces conducted an airstrike on the outskirts of Bandar Abbas earlier the same day, Xinhua News Agency reported. The IRGC stated that its attack was a direct response to the U.S. strike near the Abbas Port airport. The corps warned it would launch a "more decisive response" to any further American aggression and that "Washington must take responsibility for the consequences."

Austin Campbell, an adjunct professor at Columbia Business School, has argued that Ethereum (ETH) is unsuitable as a global financial infrastructure for tokenizing real-world assets (RWA), following the selection of Stellar (XLM) for a project by the U.S. Depository Trust & Clearing Corporation (DTCC). Writing on X, he stated that censorship-resistant money and the mainstream global financial system are incompatible, adding that decentralization comes with real costs that often far outweigh its benefits. Campbell explained that Stellar was chosen because it offers open access while using a trust-based consensus algorithm, which allows financial institutions to select their partners directly. He also noted that its Layer 1 supports control functions like asset freezes, seizures, and whitelisting. To become mainstream financial infrastructure, he argued, a ledger must be open but also possess censorship capabilities to block malicious actors. The DTCC recently announced plans to tokenize its custodial assets on the Stellar network, with a target launch in the first half of 2027.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $160.51 million liquidated (92.17% longs) - ETH: $119.14 million liquidated (91.01% longs) - ZEC: $10.91 million liquidated (89.83% longs)

Bank of Korea Governor Shin Hyun-song has stated his intention to respond decisively to one-sided movements in the foreign exchange market. According to Yonhap News, Shin said he sees potential for the South Korean won to strengthen considerably if the situation in the Middle East improves. He identified the geopolitical tensions in the Middle East as the most important factor driving the won's current weakness, noting that it stimulates risk-averse market dynamics. Shin also added that for oil-importing nations, the exchange rate is heavily influenced by crude oil prices. The U.S. dollar-won exchange rate is currently trading at 1,506.78, up 0.41% from yesterday.

A whale address suspected of belonging to an early Bitcoin supporter and the founder of crypto exchange Shapeshift has purchased an additional 668 ETH, worth $1.35 million, in the past hour, Onchain Lens reported. The address now holds a total of 139,882 ETH, valued at $281.73 million.

The Heima (HEI) team announced it has submitted a governance proposal to burn 16.5 million HEI. The proposal has already passed a council vote and is scheduled to move to the community voting stage in two days. The team added that with the start of the governance phase, community members can now participate directly in the voting process. They also thanked everyone who followed the discussions and affirmed their commitment to building long-term value for the Heima ecosystem based on transparency.

Korea Investment & Securities and overseas crypto exchange OKX are set to sign a deal on May 29 to jointly acquire a 40% stake in South Korean exchange Coinone, Edaily reported. Each firm will acquire a 20% stake in a deal estimated to be worth between 500 billion and 600 billion won (around $362 million to $435 million). The transaction will primarily consist of newly issued shares to maximize capital injection. The news comes as the Financial Intelligence Unit (FIU) under South Korea's Financial Services Commission accepted Coinone's Virtual Asset Service Provider (VASP) license renewal application today. Coinone is the third of the country's top five crypto exchanges to complete its VASP renewal, following Upbit and Korbit.

Grayscale has renamed its proposed HYPE ETF to the Grayscale Hyperliquid Staking ETF, filing a Form 8-A for securities registration with the U.S. SEC on May 27. The company had previously submitted a Form S-1 prospectus to the regulator on May 21.

An address associated with leading Silicon Valley venture capital firm Andreessen Horowitz (a16z) has purchased 253,947.43 HYPE, worth $15.03 million, over the past seven hours, according to ai_9684xtpa.

The decentralized reinsurance protocol Re has announced via X that it will conduct a Token Generation Event (TGE). No specific date has been provided. Re is an ERC-20 governance token that aims to build a blockchain-based reinsurance ecosystem.