Daily digests
Crypto News Digest: May 31, 2026
The stories that moved crypto on May 31, 2026.
20 stories
All crypto news
US, UK central bankers offer contrary views on stablecoins
Federal Reserve governor Christopher Waller states that stablecoins expand the reach of US monetary policy, implying a potential increase in their influence. Meanwhile, Bank of England's Megan Greene believes their popularity will soon wane. This contrasting view highlights the ongoing debate on stablecoins' role in the financial system, with implications for their adoption and regulation.
Sui traces three mainnet halts to upgrade bugs, including a fix it knew carried halt risk
Sui's mainnet has halted three times due to upgrade bugs, with the foundation acknowledging that one fix it implemented carried a risk of halting the network. Fortunately, no user funds were compromised, thanks to AI agents that expedited the diagnosis of the incidents, allowing the foundation to swiftly resolve the issues and maintain network stability.
Dev helps rescue $2 million locked in 2016 ICO contract for nine years with whitehat exploit
A developer has successfully exploited a 2016 ICO contract to rescue $2 million locked for nine years, with two of 48 eligible investors already claiming 96.5 ETH, worth nearly $200,000 at current prices. This whitehat exploit has unlocked a significant amount of funds, providing relief to investors who had been waiting for nearly a decade.
A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor
A massive $1.26 billion sale of BlackRock's IBIT is unfolding, likely a rapid exit by a large investor. Despite NYDIG's rejection of the basis-trade theory, citing a large discount and lack of unusual CME bitcoin futures volume, market observers remain cautious, speculating on potential price volatility and its impact on the overall cryptocurrency market sentiment and investor confidence.
Strategy's Michael Saylor teases BTC buy with 'working better' tweet
Strategy's Michael Saylor hints at resuming Bitcoin purchases after a brief pause, suggesting the asset is performing better, despite a potential 3.5% loss for the month. This move could boost investor confidence and potentially stabilize the market, with Bitcoin's price expected to bounce back as a result, alleviating concerns about a prolonged downturn.
How the House Financial Services Committee is taking on tokenization: State of Crypto
Rep. French Hill, head of the House Financial Services Committee, is actively addressing outstanding policy issues in the crypto space, including tokenization, in an interview with CoinDesk last month. He emphasized the need for regulatory clarity and investor protection, highlighting the importance of balancing innovation with consumer safeguards. This move may boost investor confidence in the sector.
How Stellar became part of DTCC's tokenization push for Wall Street securities onchain
The Depository Trust and Clearing Corporation (DTCC) has chosen Stellar as part of its tokenization push for Wall Street securities onchain, according to Stellar Development Foundation CEO Denelle Dixon. This move leverages Stellar's public blockchain with compliance tools built for regulated assets, potentially paving the way for seamless and secure onchain transactions in the financial sector.
Kraken ‘plans’ regulated perp contracts as rivals are quick off the blocks
Kraken is planning to offer regulated perpetual contracts tied to the spot price of Bitcoin to US institutional clients within the next month, following CFTC approval. This move comes as Kraken's rivals, such as Binance and FTX, have already launched similar products. The CFTC's nod to Kraken's plans is expected to boost institutional adoption of crypto derivatives.
Bitcoin preps 3% May downside, but US PMI data may boost BTC price
Bitcoin is poised to potentially drop by around 3% in May, as the market navigates a volatile period. However, a strong US PMI data release next week could boost the price of Bitcoin, potentially offsetting the decline. This dichotomy highlights the market's sensitivity to economic indicators, with a positive PMI reading potentially stabilizing the cryptocurrency.
The institutional edge: moomoo targets Wall Street-grade trading tools for retail crypto investors
Moomoo is targeting Wall Street-grade trading tools for retail crypto investors, emphasizing that the future of investing won't be defined by asset access alone but by the quality of tools investors receive. This shift aims to bridge the gap between institutional and retail investors, potentially increasing adoption and driving market growth through enhanced trading capabilities.
Cardano Foundation cancels 2026 summit after treasury funding vote falls just short
The Cardano Foundation's 2026 summit is canceled after a treasury funding vote falls short, with 65% support just shy of the required two-thirds majority. Despite last-minute endorsements from founder Charles Hoskinson and CEO Frederik Gregaard, the measure failed to secure the necessary backing, leaving the event's future uncertain amidst Cardano's ongoing development and market fluctuations.
How President Trump’s Immigration Order Will Feed the Stablecoin Economy, Bitcoin ATMs
President Trump's immigration order is expected to drive more immigrants to adopt stablecoins and Bitcoin ATMs, mirroring the Trump family's own experience with crypto. The order's impact on financial services access for undocumented immigrants may fuel a surge in stablecoin adoption, particularly for those in the US without traditional banking options, boosting the stablecoin economy.
Bitcoin price targets $78K as BTC holders defend 'strongest near-term support'
Bitcoin's recent bounce from a key holder cost-basis level is improving the case for further upside, with historical data suggesting a potential best-case target of $101,000. This bounce has strengthened the strongest near-term support, with analysts now targeting $78,000 as a more immediate goal, potentially leading to a renewed surge in price and renewed investor interest in the cryptocurrency market.
Bitcoin's wild days are over — and Trace Mayer says that's a good thing
Bitcoin's wild price swings are subsiding, and according to Trace Mayer, creator of the Mayer Multiple, this is a positive development. Mayer believes bitcoin's increasing economic substance is compressing volatility, making the cryptocurrency more attractive to deeper capital. This shift is expected to stabilize the market, potentially leading to a more sustainable growth trajectory.
Cosmos-based Gravity Bridge halts bridge after reported $5.4M exploit
Cosmos-based Gravity Bridge is currently halted after a reported $5.4 million exploit, with validators suspending operations to investigate a suspected signing key compromise that drained the bridge of roughly $5.4 million. The incident highlights the need for robust security measures in cross-chain bridges, underscoring the risks of significant losses in the decentralized finance space.
Vietnam proposes allowing SMEs to use digital assets as loan collateral
Vietnam's Ministry of Finance is proposing to allow small and medium-sized enterprises (SMEs) to use digital assets, virtual assets, and intellectual property as loan collateral. This move aims to provide alternative financing options for SMEs, potentially increasing access to capital and promoting economic growth.
Bitcoin dip buyers curb selling but questionable spot, futures volumes highlight weakness
Bitcoin dip buyers are actively present near range lows, opening new leveraged longs in the zone, however, the volumes lack the size needed to reverse the downtrend. Spot volumes remain low, around 3.5 billion, while futures volumes are slightly higher but still below the 10-day average, highlighting the overall weakness in the market.
Bitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment
Bitcoin sentiment has reached its most 'lopsided positive' ratio for 2026 according to Santiment, a crypto sentiment platform, with a significant increase in social media bullishness. This marks the platform's second biggest spike, following the largest one in 2024, which was preceded by a short-term price pullback. Market participants are advised to remain cautious.
Bitcoin is at ‘pivotal level’ as $65K downside risk looms: Analyst
Bitcoin is hovering around $73,000, but a crypto trader warns of a $65,000 downside risk, labeling it a "pivotal level." The current setup is considered different from the previous breakdown in February, suggesting a potential shift in market dynamics. This heightened risk is keeping investors on edge, awaiting a crucial test of Bitcoin's resilience.
XRP Ledger's new proposal blocks the flash loan attacks costing DeFi hundreds of millions
A draft XRPL amendment proposes to block flash loan attacks, citing the network's architecture as structurally impossible for such exploits. This architectural quirk has spared XRP from the class of attacks that have cost Ethereum DeFi billions, raising hopes for improved security and reduced risk for DeFi applications on the XRP Ledger.