Daily digests
Crypto News Digest: May 28, 2026
The stories that moved crypto on May 28, 2026.
40 stories
All crypto news
UniCredit warns Europe may struggle to contain crypto-bank crisis under MiCA rules
UniCredit warns that Europe may struggle to contain the crypto-bank crisis under MiCA rules, as EU deposit insurance may not absorb stress from large stablecoin reserve accounts, unlike the full protection offered by U.S. regulators, which cover up to $250,000 in deposits. This raises concerns about investor protection and market stability in the region.
French company abandons crypto treasury strategy, will liquidate Bitcoin holdings
Sequans Communications, a French company, is abandoning its crypto treasury strategy and will liquidate its Bitcoin holdings. The decision comes after a year of declining Bitcoin prices, which have fallen by over 30% since the company's initial announcement. This move reflects a shift in investor sentiment and a reevaluation of crypto treasury strategies amidst market volatility.
Trezor adds native USDt, USDC yield via Morpho integration
Trezor is integrating Morpho to enable native USDt and USDC yield within its Trezor Suite, allowing users to earn stablecoin yield directly without connecting external wallets or using separate DeFi apps. This feature simplifies the process for users, potentially increasing adoption and usage of stablecoins within the Trezor ecosystem, which could positively impact the overall DeFi market.
Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million
Hyperliquid's pre-IPO SpaceX contracts are experiencing a 45% flash crash, liquidating $1.5 million in a matter of 30 minutes. This sudden selloff has left hundreds of retail traders reeling, highlighting the market's lack of liquidity and the risks associated with trading in thinly traded assets, underscoring the need for caution in volatile crypto markets.
Hyperliquid-based prop trading platform Hypernova raises $3 million in pre-seed funding
Hypernova, a hyperliquid-based prop trading platform, is raising $3 million in pre-seed funding to expand its instant payout capabilities and public launch. The platform plans to go live within the next two months, promising users a seamless trading experience.
Tether’s USAT supply grows 540% month-over-month, latest attestation shows
Tether's USAT supply is growing rapidly, increasing six-fold month-over-month to over 140 million tokens, according to Anchorage Digital's latest attestation. This significant growth represents a 540% month-over-month increase. The expansion of USAT supply may alleviate concerns about liquidity and stability, potentially boosting investor confidence in the stablecoin market, further solidifying its position as a top stablecoin.
What the Clarity Act Means for the Rest of the World
The Senate's Clarity Act is sparking global interest, with supporters optimistic about its potential to harmonize US and international crypto regulations, and opponents warning of unintended consequences. The bill's provisions, including clearer definitions of digital assets and tax obligations, could set a precedent for other countries, influencing global regulatory landscapes and market dynamics.
Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH
Bit Digital buys $20M worth of Ethereum, expanding its treasury to 158K ETH, surpassing Coinbase Global to become the fourth-largest public corporate holder of Ether, according to CoinGecko data. This strategic move significantly increases Bit Digital's Ethereum holdings, indicating a strong commitment to the cryptocurrency market, and may have a bullish impact on the overall market sentiment and Ethereum's price.
Calamos bets protected Bitcoin ETFs can outlast crypto market swings
Calamos asserts that investors are shifting into protected Bitcoin ETFs, seeking to avoid market volatility, as over $1 billion exited spot Bitcoin ETFs last week. This rotation suggests a growing demand for hedged products, potentially driven by concerns over Bitcoin's price stability.
Prediction markets legal battles heat up in Minnesota, Rhode Island
Kalshi is suing Minnesota, while the CFTC has filed against Rhode Island, escalating prediction market legal battles that may soon reach the US Supreme Court. These state-level authorities are scrutinizing Kalshi's operations, potentially paving the way for federal intervention. The outcome will impact the future of prediction markets and their regulatory landscape nationwide.
Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers
FalconX confidentially files draft IPO paperwork with the SEC, hiring Cantor and other bankers to advise on the listing. The firm's draft paperwork is a precursor to a potential IPO, which is expected to happen later this year.
CryptoQuant says bitcoin whale and dolphin accumulation stalled as demand remains weak
Bitcoin's holding structure is deteriorating as whale and dolphin balances have stalled, according to CryptoQuant. Whale and dolphin accumulation has been stagnant for several weeks, indicating weak demand. This trend is concerning as it may signal a prolonged bear market, potentially impacting investor confidence and further depressing prices, which currently hover around $28,000.
Sui Network Goes Down for Hours, Just Months After the Last Downtime
Sui Network is experiencing hours-long downtime, a repeat of a similar issue just five months prior. The network's instability has caused disruptions to users, with the exact cause and duration of the outage still unknown. This setback raises concerns about Sui's reliability, potentially impacting adoption and investor confidence in the blockchain space.
France's AMF regulator sets June 30 deadline for MiCA licensing
France's AMF regulator sets a June 30 deadline for MiCA licensing, requiring crypto service providers to fully comply with the European Union's Markets in Crypto Assets regulations, which first took effect in 2024. This deadline allows providers to adapt to the new framework, ensuring a smoother transition and maintaining regulatory stability in the European crypto market.
AI Agents Are Learning to Predict What Users Want—Before They Ask for It
Researchers in China are developing an AI model that utilizes downtime to predict users' next question, enhancing user experience. This model analyzes patterns and user behavior to anticipate queries, potentially reducing response times. The AI's proactive approach could revolutionize customer service, making interactions more efficient and personalized, transforming the industry with its innovative application.
Trump claims he can ‘future proof’ crypto regulation with CLARITY Act
President Trump claims he can 'future proof' crypto regulation with the CLARITY Act, a digital asset market structure bill in Congress, despite ethics concerns surrounding his own crypto ties. The bill's uncertain future raises questions about its potential impact on the industry, with lawmakers scrutinizing provisions that may compromise regulatory clarity and investor protection.
Gemini crypto exchange launches AI data feed powered by Grok
Gemini crypto exchange launches AI data feed powered by Grok, expanding its services beyond spot trading into derivatives, predictions, and other financial offerings. This strategic move is part of Gemini's broader expansion, enabling users to tap into AI-driven insights and potentially fostering a more comprehensive trading experience. Market participants will closely monitor this development.
Bitcoin enters cooldown phase under $75K as ‘active distribution’ rises
Bitcoin is entering a cooldown phase under $75,000 as active distribution signals emerge, with the price sliding toward $73,000. This trend is accompanied by reduced realized losses and weak spot volumes, indicating easing sell pressure. The market is closely watching this development, as it may signal a potential stabilization of the cryptocurrency's price and a possible reversal of the downtrend.
SEC Commissioner Peirce defends crypto privacy tools against surveillance push
SEC Commissioner Peirce is defending crypto privacy tools, stating that they can strengthen investor protection, not weaken it. She leads the Crypto Task Force and warns regulators against treating these technologies with suspicion, emphasizing their potential benefits. This stance could impact the development of crypto privacy tools, potentially leading to increased adoption and mainstream acceptance of cryptocurrency.
Anthropic Nears $1 Trillion Valuation, Topping OpenAI After Fresh $65 Billion Raise
Anthropic is nearing a $1 trillion valuation after securing a fresh $65 billion raise, surpassing OpenAI's valuation. The company's annualized revenue has surpassed $47 billion, driven by its expansion of cloud and compute partnerships. This milestone underscores Anthropic's rapid growth and increasing influence in the AI landscape, potentially disrupting the market dynamics of the industry.
Kalshi’s turn: Prediction markets platform sues Minnesota over law going into effect in August
Kalshi is suing the state of Minnesota over a law signed by Governor Tim Walz, which blocks prediction markets and is set to take effect in August. The law targets Kalshi, a prediction markets platform, following a similar lawsuit filed by the CFTC. Kalshi's lawsuit challenges the constitutionality of Minnesota's law, potentially impacting the US prediction markets industry.
Bitcoin Whales Are Pulling Back as Activity 'Mirrors' 2022 Bear Market: Analysts
Bitcoin whales are pulling back, with current activity mirroring the 2022 bear market as BTC fell precipitously, according to on-chain data. This trend is characterized by increased selling pressure from large holders, with 1,500+ addresses holding 10,000+ BTC now reducing their positions.
Anthropic's Claude Mythos AI Model Nearing Release After Raising Cybersecurity Alarms
Anthropic is poised to release broader access to its Claude Mythos AI model, potentially within weeks, following limited testing. This move comes despite raising cybersecurity alarms due to concerns over the model's capabilities and potential risks. The release may have significant implications for the AI development industry, with Claude Mythos being a highly advanced language model.
Bitwise bets Hyperliquid could power future finance as HYPE ETFs gain traction
Bitwise reports surging investor demand for Hyperliquid exposure as new HYPE ETFs launch, indicating growing interest in decentralized finance. The HYPE ETFs offer a liquid and low-cost way for investors to gain exposure to Hyperliquid, a decentralized lending protocol. This trend suggests increasing adoption of DeFi solutions in traditional finance.
Anthropic's Claude Opus 4.8 Is Here: Better AI Coding, Smarter Safety—Same Huge Price
Anthropic's Claude Opus 4.8 is now available, boasting enhanced reasoning capabilities and improved safety features, with its price remaining unchanged. The model's advancements are expected to further solidify Anthropic's position in the AI development market, potentially attracting more developers and users despite its hefty price tag, which remains a significant barrier to entry.
Tether's U.S.-focused stablecoin grows over 500% in a month, but still lags main rivals
Tether's U.S.-focused stablecoin, USAT, is experiencing rapid growth, with its market capitalization jumping over 500% in a month to above $140 million in April. Despite this surge, USAT still lags behind its main rivals, including Circle's USDC, PayPal's PYUSD, and Ripple's RLUSD tokens in terms of market presence and adoption.
Kalshi Sues to Stop Minnesota From Enforcing America’s First Prediction Market Ban
Kalshi is suing a federal judge to prevent Minnesota from enforcing the US's first prediction market ban, set to take effect in August. The ban would prohibit prediction markets from operating within the state, affecting Kalshi's business. Kalshi is seeking an injunction to stop the ban, which could have significant implications for the prediction market industry nationwide.
Why the Ethereum Foundation is suddenly again at the center of crypto’s culture war
The Ethereum Foundation is suddenly at the center of crypto's culture war, with 500,000+ Ethereum holders and developers rallying behind it. The institution has been the main steward for the Ethereum blockchain, and its recent actions have sparked heated debates. The controversy is reigniting discussions about decentralization, governance, and the role of influential institutions in the crypto space.
The Digital Chamber ramps up pressure on Congress with call to action to pass Clarity Act
The Digital Chamber is intensifying its lobbying efforts by creating a website for citizens to contact Congress, urging lawmakers to pass the Clarity Act, a bill aimed at providing regulatory clarity for the crypto industry. The platform allows users to easily send messages to their representatives, increasing pressure on Congress to take action.
Apple iOS 27 Leaks: Siri Is Being Remade to Be More Like ChatGPT
Apple is significantly revamping Siri with a dedicated app and Dynamic Island integration, utilizing Google's Gemini AI backbone, marking the most substantial update to the assistant in nearly 15 years. Rendered illustrations published ahead of WWDC 2026 suggest a more conversational interface, potentially rivaling ChatGPT's capabilities, with a major overhaul expected to be unveiled at the conference.
This AI Compressed 'All Human Cooking' Into 2 Megabytes
A London startup has successfully compressed all human cooking into a mere 2 megabytes, equivalent to a song file, by training an AI on 4.1 million recipes across seven languages.
Bitcoin pinned below $73,000 despite potential U.S.-Iran deal news
Bitcoin is currently trading below $73,000 despite positive market reactions to a potential U.S.-Iran deal, with U.S. stocks and bonds, and the oil market showing signs of improvement. This divergence suggests crypto markets are not yet benefiting from the news, with investors remaining cautious and heavy pressure persisting on the market.
Bitcoin Traders Increasingly Convinced Price Will Fall Below $70K by End of May
Bitcoin traders are increasingly convinced the price will fall below $70,000 by the end of May, with prediction market odds rising. This comes after a dip to a six-week low price, causing concern among investors. The market is now pricing in a higher likelihood of a decline, potentially impacting investor confidence and Bitcoin's overall value.
VanEck’s tokenized VBILL US Treasury fund can now be used as collateral on Euler
VanEck's tokenized VBILL US Treasury fund is now available as collateral on Euler, a lending market curated by KPK, following its launch by Securitize on Thursday. This integration allows users to leverage VBILL's tokenized US Treasury holdings as collateral, expanding access to liquidity and potentially increasing the market's appeal to institutional investors seeking to participate in decentralized finance.
Sui blockchain experiences second ‘stall’ in five months
Sui blockchain is currently experiencing its second "network stall" in five months, with block explorers indicating a lack of block production for nearly 2 hours. This development is causing concern among users and investors, potentially impacting the network's overall performance and security. The implications for Sui's reputation and adoption remain uncertain, as the blockchain's reliability is put to the test.
Standard Chartered Reaffirms $40K Ethereum Price Target Due to DeFi Dominance
Standard Chartered analysts reaffirm a $40,000 Ethereum price target due to DeFi dominance, drawing parallels between Ethereum's current position and Amazon's post-dot-com bubble trajectory. They highlight Ethereum's resilience and growing adoption, citing its market capitalization and increasing use in decentralized finance applications, which could propel it to new heights in the market.
Sui blockchain suffers another network outage as transactions grind to a halt
The Sui blockchain is experiencing another network outage, marking the second time this year that transactions have ground to a halt. The exact cause of the outage remains unclear. Sui's network instability is a concern for its users, who rely on the blockchain for secure and efficient transactions, impacting the broader decentralized finance market's trust in Sui.
Grayscale’s Hyperliquid ETF negotiating ‘seed’ investment of roughly $115 million in HYPE tokens
Grayscale's Hyperliquid ETF is negotiating a 'seed' investment of roughly $115 million in HYPE tokens, marking a significant milestone for the HYPE-based exchange-traded funds. 21Shares and Bitwise Investments launched the first HYPE-based ETFs earlier this month, expanding the HYPE ecosystem. This investment will further boost the HYPE token's adoption and liquidity in the market.
Google Engineer Charged Over $2.75 Million in Alleged Polymarket Insider Trading Bets
A Google engineer is being charged with allegedly making $2.75 million in insider trading bets on Polymarket, a prediction market platform. This is the second federal prosecution tied to alleged insider trading on Polymarket.
P2P.org launches real-time data stream for Sui and Hyperliquid
P2P.org launches real-time data stream for Sui and Hyperliquid, a significant development in blockchain infrastructure, enabling faster and more accurate data analysis. This real-time data stream will provide up-to-date information on both Sui and Hyperliquid, improving the overall user experience and facilitating more informed decision-making in the rapidly evolving cryptocurrency market.