Crypto Industry News & Market Trends

Ethereum Slips Under $2,000 as Bit Digital Adds 8,568 ETH and Standard Chartered Reaffirms $4,000 Target

Ethereum　　Ethereum Slips Under $2,000 as Bit Digital Adds 8,568 ETH and Standard Chartered Reaffirms $4,000 Target　　Bit Digital has lifted its corporate treasury to roughly 158,462 ETH after deploying $20 million into the market earlier this month, acquiring 8,568 tokens on May 11 at an average price of $2,334.25. The Nasdaq-listed firm now ranks as the fourth-largest public corporate holder of Ethereum, overtaking Coinbase Global, which sits near 151,175 ETH. CEO Sam Tabar described the buy as a deliberate step to reduce average acquisition cost and grow net asset value per share, anchored to a wider strategy spanning ETH accumulation, AI infrastructure and targeted acquisitions through its WhiteFiber subsidiary. Shares closed at $2.03, up roughly 35.5% over the past month.　　The Ethereum Foundation is back at the center of a cultural debate inside crypto after eight high-profile departures since January 2026 and sharp criticism from veteran contributors. Detractors argue the Switzerland-based nonprofit, founded in 2014, has grown insular and slow to respond to a fiercely competitive blockchain landscape now dominated by layer-2 rollups and alternative settlement networks. Supporters counter that the foundation deliberately minimized its footprint to lift independent client teams and research groups. With Ethereum securing trillions in stablecoins, tokenized assets

05-29Ethereum

BIS Project Agorá Shows Tokenized Payments Cut Settlement Risk

“The prototype also enhances transparency. All parties to a transaction have access to real-time payment status, while maintaining privacy from non-participating entities,” the BIS stated in the report, adding that, in the future, such visibility could be extended to end users, including debtors and creditors.　　Participating central banks include the Banque de France representing the Eurosystem, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Federal Reserve Bank of New York via its New York Innovation Center and the Bank of England.　　Earlier this month, the Bank of England proposed extending settlement hours for its RTGS and CHAPS systems as part of a broader push toward near-24/7 settlement.　　Deputy Governor Sarah Breeden also said shared ledgers and tokenization could make payments and settlement faster and cheaper, with fewer intermediaries and shorter settlement windows.　　Cointelegraph reached out to the BIS media team for comment on implementation timelines and governance plans, but had not received a response by publication.

05-29Industry

Shiba Inu Traders Withdraw 204 Billion SHIB Amid Sharp Drop In Futures Activity

Tech　　Shiba Inu Traders Withdraw 204 Billion SHIB Amid Sharp Drop In Futures Activity　　Traders pulled over 204 billion SHIB tokens off exchanges in a single day, a 3.6% jump from the day before, even as demand for Shiba Inu futures contracts slid sharply.　　Futures Flow Turns Negative　　Data from Coinglass shows that futures outflows hit $5.6 million over the past 24 hours, outpacing inflows of $4.74 million. The net gap — roughly $865,790 in closed contracts — effectively removed 156.56 billion SHIB tokens from the futures market in one session.　　Open interest, which tracks the total value of active futures positions, fell 6% to over $49 million over the same period. The 24-hour futures trading volume also slipped 0.88% to $78.6 million as activity across the derivatives market stayed thin.　　The pullback in futures demand tracks with SHIB‘s price behavior over the past four days, during which the token has barely budged. The coin hasn’t moved more than 2% in either direction, leaving derivative traders with little reason to stay in.　　Quiet Price, Slow Momentum　　SHIB was trading at $0.00000553 at the time of writing, showing almost no change in the past day. Low price movement tends to push futures traders toward other assets, and that rotation

05-29Industry

Trezor Adds USDC and USDT Yield to Suite, Targeting 2 Million Hardware Wallet Users

Tech　　Trezor Adds USDC and USDT Yield to Suite, Targeting 2 Million Hardware Wallet Users　　-based company Trezor integrated Morpho, a decentralized lending protocol running on Ethereum since 2022, to power the feature. Two vaults are available at launch: USDC Prime and Prime, both curated by Steakhouse, an independent yield strategy firm.　　Users do not select the vaults themselves. Trezor evaluated options based on security and criteria and made the selection for them. The workflow runs entirely inside Trezor Suite. There are no browser extensions to install and no third-party wallets to connect.　　Every deposit, withdrawal and reward claim is signed on the physical Trezor device. do not leave the hardware. Trezor says clear-signing is enabled for every on-chain interaction, translating contract data into plain language on the device screen before the user confirms. Clear-signing is available　　et and access to yield, because getting yield meant connecting to something else,“ Susanka said. ”We have brought yield into the Suite environment, with every step signed on the device and translated into plain language before the user approves it.　　The yield is sourced from borrowing activity on Morpho rather than from token incentive programs. Rates move with demand. When borrowing on the protocol is high, rates rise. When

05-29Industry

Bitcoin Holds Near $73.5K as Whales Mirror 2022 Bear, $9B Options Expiry Looms

The reaction to ceasefire headlines exposed cryptos relative weakness in stark terms. Wall Street added roughly $350 billion in market capitalization within fifteen minutes of news that US and Iranian negotiators had agreed on a 60-day memorandum of understanding to extend the current truce, with the framework requiring Tehran to clear mines from the Strait of Hormuz within 30 days. Bitcoin moved the opposite direction, sliding more than 3% on the day and retesting $72,500 for the first time in six weeks, triggering $342 million in liquidations for leveraged longs. The proposed deal still awaits final approval from President Trump and senior Iranian leadership.　　A broader macro shift is also drawing fresh attention from researchers tracking sovereign reserve flows. Iran‘s acceptance of Bitcoin for oil shipping tolls passing through the Strait of Hormuz, alongside US dollar-pegged stablecoins and Chinese yuan, signals the emergence of alternative settlement mechanisms outside the traditional dollar system. Gold has simultaneously overtaken US dollar assets in global central bank reserves, with demand remaining strong despite a 20% retreat from January’s roughly $5,600 per ounce all-time high. Supporters argue Bitcoins neutral, confiscation-resistant properties position it alongside gold as nation-states diversify away from dollar exposure, though follow-on outperformance has

05-29Industry

Venice Token breaks below $15: Are VVV sellers taking full control?

Tech　　Venice Token breaks below $15: Are VVV sellers taking full control？　　Venice Token [VVV] came under heavy pressure after falling more than 10% over the past 24 hours. The sharp decline pushed VVV below the $15 imbalance zone, weakening the tokens short-term structure.　　At the same time, retail activity and smaller whale participation increased. However, larger whales remained mostly inactive.　　Why did VVV lose momentum so quickly？　　The latest decline was aggressive rather than gradual. VVV lost the $15 zone rapidly after sellers regained control.　　Breakdowns below imbalance zones often signal growing bearish pressure, especially when the price fails to stabilize immediately afterward.　　Source: TradingView　　Now, below that level, the market no longer appeared balanced. Instead, sellers continued dictating short-term momentum. That move aligned with rising bearish momentum on the daily chart.　　If buyers fail reclaiming the lost zone quickly, downside pressure could continue building.　　Are VVV retail traders trying to buy the dip？　　Retail activity increased noticeably as VVV dropped toward lower levels. Smaller whale wallets also became more active, suggesting some participants attempted absorbing the sell-off.　　Source: CryptoQuant　　Even so, larger whales still avoided making meaningful moves during the decline. That absence kept sentiment fragile.　　Retail accumulation can temporarily slow downside pressure. However, stronger reversals usually require deeper liquidity from larger

05-29Industry

Is Ether the Next Treasury Asset? Bitmine’s Signal

Staking options with enterprise constraints　　Staking can transform ETH from a pure exposure into a productive asset, but every added percent of yield must be justified against additional risks and operational complexity. Start with a pilot and involve legal, tax, and audit early. For a primer on staking mechanics, see ethereum.org.RouteControl run validators, manage infrastructure, and keysOperational complexity, slashing, uptime, internal expertise requiredTech-forward firms with infra talent and strong controlsDelegated to enterprise validatorCustody keys with you or custodian; validator runs nodesCounterparty performance risk; fee sharing; legal terms criticalCorporates seeking yield with reduced ops burdenPooled staking (non-liquid)Contribute to pools without receiving tradable tokensPool-level smart contract risk, governance riskModerate-risk profiles; careful pool due diligenceLiquid staking tokens (LSTs)Receive a token representing staked ETHSmart contract and depeg risk; accounting complexity; policy conflictsTypically unsuitable for conservative treasuries　　Policy guardrails:Define maximum staked percentage of holdings and a target reward-risk threshold.Use slashing insurance or indemnities where available and vetted.Document how you will evidence validator performance and reward completeness to auditors.　　Liquidity, hedging, and market access　　Spot and OTC: ETH trades across global exchanges and via regulated OTC desks with settlement in fiat or stablecoins. For size, pre-arranged OTC or RFQ systems reduce market impact and slippage. Coordinate with treasury operations on

05-29Industry

Strategy sends $30M in Bitcoin to Coinbase as MSTR stock slides

Bitcoin　　Strategy sends $30M in Bitcoin to Coinbase as MSTR stock slides　　Strategy has transferred more than 411 Bitcoin to Coinbase Prime, a move that has drawn attention after recent comments from company executives about potential BTC sales and a pause in fresh purchases.Strategy transferred 411.48 Bitcoin worth about $30.3 million to Coinbase Prime, according to Lookonchain data.The transfer comes after Michael Saylor said Strategy could sell some Bitcoin as part of its capital management strategy.MSTR stock has fallen nearly 22% since May 11 as the company paused Bitcoin purchases and focused on debt repurchases.　　According to blockchain analytics platform Lookonchain, Strategy sent 411.48 BTC worth about $30.3 million to Coinbase Prime on May 29. The tracker said the transfer appears to be the companys first direct Bitcoin movement to an exchange in nearly two years.　　Data from Arkham Intelligence showed two separate transactions of 205.3 BTC and 206.2 BTC before the funds arrived at Coinbase. Arkham data also recorded a smaller test transfer of 0.0241 BTC, valued at roughly $1,770.　　Transfers to Coinbase Prime. Source: Arkham.　　The transfer comes weeks after Strategy executives acknowledged that Bitcoin sales could become part of the companys financing strategy under certain circumstances.　　Bitcoin sales discussion follows debt repurchase plan　　Earlier this

05-29Industry

AmericanFortress Launches Privacy-Focused Beta on Arbitrum for Institutional DeFi

Tech　　AmericanFortress Launches Privacy-Focused Beta on Arbitrum for Institutional DeFiUsers may transmit assets using human-readable @names thanks to the system integration, which also automatically creates stealth addresses.The announcement comes after AmericanFortress recently released cryptographic research that describes a post-quantum security architecture for hierarchical deterministic wallets that is awaiting patent.　　In order to provide a compliant privacy architecture for institutional and high-volume decentralized financial activities on the Layer 2 network, AmericanFortress today announced the launch of the AmericanFortress beta on Arbitrum.　　Users may transmit assets using human-readable @names thanks to the system integration, which also automatically creates stealth addresses that hide receiver exposure on-chain. The solution is meant to prevent mixers and custodial transaction obfuscation while maintaining auditability between counterparties.　　Currently, Arbitrum supports some of the biggest perpetuals and trading ecosystems in decentralized finance, such as GMX and other high-volume applications, and secures more over $15 billion in total value locked. Transaction visibility and wallet transparency have become operational problems for traders, funds, and automated systems working in public blockchain settings as institutional engagement on-chain continues to increase.　　“Financial infrastructure cannot scale institutionally if every transaction exposes counterparties, balances, and trading behavior in real time,” said Michal Pospieszalski, CEO and CTO of AmericanFortress. “Arbitrum has become

05-29Industry

Hong Kong virtual asset regimes secure strong industry backing

Tech　　Hong Kong virtual asset regimes secure strong industry backing　　Hong Kongs top finance bodies have published consultation conclusions on their proposed licensing regimes to govern virtual asset advisory and virtual asset management services under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AML/CFT).　　The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC)—the government bureau that oversees policies for financial services, taxation, and public finance, and the independent regulator that supervises Hong Kongs securities and futures markets, respectively—published this week their consultation conclusions on the legislative proposal to regulate virtual asset advisory and management service providers in Hong Kong.　　According to the two authorities, the consultation, which was launched on June 27, 2025, received “broad market support” for the proposed regimes, which aim to strengthen risk management and investor protection, “while promoting responsible financial innovation in the development of Hong Kong as a premier global hub for digital assets.”　　The consultation received a total of 51 responses from a broad spectrum of stakeholders, with respondents reportedly agreeing that the framework should follow a “same business, same risks, same rules” principle.　　Specifically, for virtual asset dealers, the regimes will closely align with those for securities dealers, while for custodians, the new regimes

05-29Industry

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