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The ESPORTS token has plummeted by approximately 92%, according to on-chain monitoring. The sharp decline has fueled speculation that DWF Labs may have been acting as the token's market maker (MM). Monitoring data indicates that five days ago, an address ('0x7Ef…C10dD') deposited around 19.9 million ESPORTS, valued at about $13.9 million, into a Kraken address associated with DWF Labs. The funds in this wallet originated from the token's distribution address, and it has been identified as one of the addresses involved in the large-scale on-chain sell-off during the crash.

Binance has seen a net inflow of around 302 million USDT over the past 24 hours, according to data from Coinglass.

Coinbase CEO Brian Armstrong has unveiled a blueprint for upgrading the financial system, which includes tokenized assets, 24-hour global trading, stablecoin payments, and AI-powered compliance, Cointelegraph reported. Market analysts note that this vision aligns with Coinbase's recent business expansion into areas such as perpetual futures for stocks, prediction markets, and stablecoin payment infrastructure. The company is also collaborating with Shopify, Stripe, and Citigroup to build a USDC-based payment and settlement system. Armstrong emphasized that real-world asset (RWA) tokenization, open financial infrastructure, and AI-based risk management will be central to the next generation of finance. However, Bitcoin supporters criticized Armstrong for listing "sound money" as the final item in his vision, arguing that BTC should be the core of any new financial system.

Crypto analyst Sykodelic argued that Bitcoin has maintained its mid-to-long-term bullish structure by closing its weekly candle above the key $74,400 level last week, The Crypto Basic reported. He explained that the recent dip to around $74,100 was a retest of a key level following a breakout. While a further short-term correction is possible this week, Sykodelic predicted that the upward trend could strengthen in June. He also suggested that if support around the $74,400 mark holds, a wave of short position liquidations and new liquidity could push BTC above $90,000. Sykodelic assessed that the macro bottom for BTC has already formed around the $60,000 level.

Cross-chain protocol Squid has clarified that the 'SquidRouterModule' contract involved in a recent attack worth approximately $3.2 million was not developed, deployed, or operated by the project. Squid explained that the contract is a third-party module based on Gnosis Safe and is structurally completely different from its own router contract. The attacker reportedly exploited a vulnerability in the module's public fixed-string verification to execute arbitrary call data and steal the funds. The company added that the affected Gnosis Safes had registered the module as a trusted module, which enabled asset transfers without requiring signatures. Squid emphasized that its router contracts, user funds, approvals, and integrated services were not affected.

U.S. President Donald Trump said negotiations with Iran are proceeding smoothly.

U.S. digital asset platform Prometheum has argued that the core challenge for the tokenized securities market is distribution, not issuance. The company stated it is concentrating on building the infrastructure to connect tokenized securities with traditional financial markets through broker-dealers and RIAs, or registered investment advisors. Prometheum co-CEO Aaron Kaplan explained that while the crypto industry has solved the challenge of tokenization, it has not yet addressed how to distribute these assets to mass investors. The company recently launched a digital brokerage solution that supports the trading of tokenized securities and cryptocurrencies from traditional securities accounts. Through this, Prometheum plans to enable Wall Street firms to offer on-chain asset services within the existing regulatory framework. Prometheum predicted that the securities market will eventually move on-chain, and the key competitive advantage will lie with Wall Street's distribution networks rather than crypto exchanges.

The Bhutanese government has gradually sold 9,180 BTC, worth approximately $900 million, over the past 11 months, EmberCN reported. The average selling price was calculated to be around $98,067. According to on-chain data, Bhutan's BTC holdings had increased to approximately 12,200 BTC by early 2025, when its mining operations ceased. The government reportedly began selling in earnest in June of the same year. Currently, the Bhutanese government holds about 3,021 BTC, valued at around $234 million.

According to on-chain security firm Blockaid, the SquidRouterModule of cross-chain protocol Squid has been attacked on the Ethereum and Base networks, resulting in the theft of approximately $3 million in assets. The attack has been ongoing for about two hours and has affected a total of 86 Gnosis Safe wallets. The attacker reportedly swapped the stolen assets for DAI through a Uniswap V3 pool under their control. Blockaid stated that an investigation into the incident is currently underway.

Cointelegraph has outlined four key points to watch in the Bitcoin market this week. - BTC faces short squeeze pressure on a break above $80,000 - Stocks hit record highs on hopes for an Iran peace deal - The Fed may adopt a more hawkish stance amid worsening inflation - Analysts warn of potential for large-scale liquidations

An Iranian official has stated that the Strait of Hormuz will be opened in phases, Al Jazeera reported on May 25.

Georgia's largest bank, TBC Georgia, has launched a cryptocurrency trading feature within its mobile banking app in partnership with Bybit. According to FinanceFeeds, users can trade digital assets directly through the existing banking app without needing to switch to a separate platform, and a one-click onboarding feature is also supported. TBC Georgia explained that the service is part of its effort to expand its digital investment ecosystem. The move reflects a growing trend of traditional banks increasingly integrating digital asset services such as crypto trading, custody, and stablecoins.

Binance announced it will delist the COW/USDC, SKL/USDC, and COTI/USDC cross margin trading pairs, along with the COW/USD isolated margin trading pair, at 6:00 a.m. UTC on May 29.

The Ethereum-based WUSD/GLOVE has been exploited for approximately $207,000, according to PeckShield. The attacker reportedly swapped the stolen assets for around 98 ETH and deposited the funds into the privacy protocol Railgun.

A lawsuit has been filed in New York claiming ownership of approximately 39,069 dormant Bitcoin wallet addresses. The plaintiff argues that the wallets, which have seen no activity for an extended period, qualify as "abandoned property" under New York's lost property law, Cointelegraph reported. The plaintiff claims to have discovered the wallets and reported them to the New York Police Department (NYPD), asserting they can be treated similarly to dormant accounts or lost assets in the traditional financial system. The lawsuit targets addresses believed to belong to Satoshi Nakamoto and the Mt. Gox hacker, which are estimated to hold a combined total of around 3.7 million BTC. However, market analysts note that the suit is unlikely to be enforceable, as the BTC cannot be accessed without the private keys.

Multiple whale addresses have recently been accumulating HYPE, according to Onchain Lens. About two hours ago, whale address 0xdf7 spent $3.69 million to purchase 58,279 HYPE at an average price of $63.36. Another whale, address 0x714, sold 38 BTC (worth approximately $2.9 million) over the past 24 hours before buying 46,276 HYPE at an average price of $62.86.

Tom Lehman, co-founder of the Layer 2 project Facet, has proposed including EIP-8182, a privacy transfer feature, in Ethereum's upcoming Hegota upgrade. According to The Block, the proposal aims to support private transfers of ETH and ERC-20 tokens directly on Ethereum's base layer, utilizing a UTXO-based structure and Groth16 zero-knowledge proofs. Lehman explained that the feature is designed to operate without admin keys, proxies, or pause functions. He argued that current privacy solutions suffer from the structural limitation of fragmented anonymity sets, emphasizing the need for a single, shared privacy pool. The Hegota upgrade, which is slated for the second half of 2026, is also expected to include the censorship resistance feature FOCIL.

The InfraCap U.S. Preferred Stock ETF, managed by the $154 billion asset manager Virtus Investment, has increased its holdings in Strategy (STRC) to 402,880 shares. The position is currently valued at around $40 million.

While Bitcoin ETFs saw over $1 billion in outflows and Ethereum ETFs lost $215 million last week, funds shifted to select altcoin ETFs including HYPE, XRP, and SOL, CoinDesk reported. Specifically, the HYPE spot products from Bitwise and 21Shares attracted approximately $72.38 million in inflows. XRP and SOL ETFs also saw inflows of $22 million and $15.6 million, respectively. Market analysts suggest that investors are reducing their positions in major cryptocurrencies and reallocating capital to projects with new narratives and higher potential profitability. Meanwhile, HYPE has surged 59% over the past month, and Hyperliquid's trading volume and fee revenue have continued to grow.

Binance Australia announced that starting July 1, 2026, it will implement enhanced identity verification requirements for all cryptocurrency deposits and withdrawals. The move comes as Australia fully implements the Financial Action Task Force (FATF) Travel Rule regulations. Under the new policy, users must submit the real names, countries of residence, and addresses of both the sender and receiver, regardless of the transaction amount. Binance also warned that it may hold, delay, or return transactions if the required identity information is not confirmed. Market analysts suggest the measure could effectively end anonymous transfer structures within Australia's digital asset market.

U.S. President Donald Trump on May 25 outlined his stance on potential negotiations with Iran, criticizing lawmakers for commenting on a deal before talks have even begun. In a social media post, Trump said that Democratic and some Republican lawmakers know nothing about the potential agreement being pursued with Iran. He emphasized that any deal with Iran must be great and meaningful, or there would be no deal at all. Trump stressed that a new agreement would be completely different from the Joint Comprehensive Plan of Action (JCPOA) reached under the Obama administration, which he described as a disaster that paved the way for Iran to develop nuclear weapons. He vowed never to make a similar agreement.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter in price ranges where the price lingers or moves significantly. These brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders 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 ranging from $1 million to $10 million.

The Indonesian government has blocked access to the prediction market platform Polymarket, according to local media outlet Antara. Local authorities stated that while Polymarket presents itself as a prediction market, they have determined it to be a form of online gambling. Indonesia's Ministry of Digital Communication explained that placing monetary bets on the outcomes of future events, such as elections, economic data, or sports, violates local law. The ministry added that it also plans to track social media accounts related to Polymarket and block similar platforms. Meanwhile, Singapore, Brazil, and India have also reportedly blocked access to Polymarket, while countries like Japan, China, and Thailand have implemented related regulations.

An Ethereum pre-mine address holding 2,000 ETH, worth approximately $4.23 million, has been reactivated after about 10.8 years of dormancy, according to monitoring service Whale Alert. The holdings, which were worth around $620 in 2015, have now grown to their current value, marking a return of over 6,800 times the initial amount.

A Satoshi-era whale, believed to be an early BTC miner, recently sold 2,650 BTC, worth approximately $203 million, through institutional over-the-counter (OTC) channels such as Cumberland and FalconX. The whale still holds an additional 6,000 BTC. Market analysts suggest that some large-scale investors are taking profits during the recent rebound, which has been driven by expectations of easing tensions in the Middle East.