Crypto Industry News & Market Trends

UK Targets Justin Sun-Controlled HTX Entity Over Russian Crypto

The , a Panama-based entity linked to the HTX crypto exchange, to its sanctions list over alleged involvement in Russian crypto transactions.　　According to the British Foreign Office, the company provided financial services to two entities already under UK sanctions: A7 Limited Liability Company, the issuer of the ruble-backed stablecoin A7A5, and Garantex Europe OU, the operator behind the crypto exchange later rebranded as Grinex.　　The ruble-backed stablecoin crosses $100B in transactions in 2026. Source: Elliptic.　　British authorities claim transactions worth more than $1.5 billion were processed through HTX infrastructure for individuals connected to those entities.　　Although Justin Sun was not personally sanctioned, the move places fresh scrutiny on his broader crypto network and HTXs operations in Western markets.　　How Justin Sun Is Connected to HTX　　officially serves as a “Global Advisor” to HTX, a role that does not carry direct executive authority. However, industry reports and corporate records have repeatedly linked Sun to effective control over the exchange.　　In 2022, Huobi was acquired by About Capital Management, with Sun reportedly acting as one of the key investors behind the deal. Since then, HTXs ownership structure has involved multiple offshore entities registered in jurisdictions including Panama, Seychelles, and Hong Kong.　　The sanctioned entity, Huobi Global SA, is one

05-28Industry

The Next Just-In-Time? How Agentic AI Is Rewiring The Factory

Factory work has never been exactly glamorous. But it can be quite lucrative, so long as you correctly balance your time and efforts like a gymnast perched on a narrow beam.　　To appreciate the dangers of that balancing act, imagine this frustrating scenario. Every Monday, as head of an industrial plant, you watch with dismay as your top people disappear into a pile of Requests for Quotes (RFQs), knowing full well that all their hard work may result in nothing.　　“The problem is simple,” explains Daryl Edwards in our interview. “Factories waste time figuring out a price for projects they might not even win.”　　Edwards understands this dilemma. Before founding Toronto-based Agent Impact, a manufacturing AI firm, he was a plant manager as well as VP of operations, helping to scale Perus largest shoe exporter.　　Though the formidable challenge Edwards names is real, so is the possible solution now emerging: Agentic AI. To appreciate the fix, we must first go back in time and across the world. Following World War II, Japan was committed to rebuilding its economy after so much devastation.　　This was no easy feat.　　The defeated nation was short on resources and pinched for space to process inventory. It couldn‘t afford to pursue

05-28Industry

Altcoin Rotation Continues Despite Weak Bitcoin And Market Uncertainty

Sebastians journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.　　As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastians contributions quickly gained recognition, and he became a trusted voice in the online crypto community.　　To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.　　Sebastians passion for finance and writing is evident

05-28Industry

Economic calendar May 28: Traders brace as GDP, PCE and oil inventories collide

Traders face a dense US data slate today, with the economic calendar clustering several market‑moving releases into a narrow afternoon window.　　The US economic calendar today: a high‑impact cluster　　The economic calendar for 28 May 2026 concentrates key macro releases in the US afternoon session. Consequently, liquidity and volatility risks are likely to rise around the publication times, as multiple asset classes react simultaneously. Equity indices, US Treasuries, the US dollar and energy benchmarks may all re‑price in response to the data pack.　　Because the releases address both growth and inflation, they speak directly to expectations for future Federal Reserve policy. Therefore, intraday traders will be watching not just the headline figures, but also the interaction between them.　　Revised Q1 GDP: growth reassessed at 14:30　　The first major entry on the US economic calendar is the revised Q1 GDP report, scheduled for 14:30. Consensus points to growth of 2.0%, up sharply from the previous estimate of 0.5%. If confirmed, such a revision would significantly alter the narrative on how strong the US economy was entering the second quarter.　　From a macro perspective, a higher GDP print reinforces the idea of resilient underlying activity. Yet for markets, the interpretation is more nuanced. Stronger growth can support earnings

05-28Industry

Fed’s Favorite Inflation Gauge Just Hit Its Highest Level Since 2023: What It Means for Bitcoin

April Personal Consumption Expenditures (PCE) inflation matched the 3.8% year-over-year forecast, its highest reading since May 2023. Bitcoin (BTC) slid toward $73,300 as the print pushed the Feds preferred gauge further from its 2% target.　　Core PCE rose 3.3% on the year, also in line with forecasts. Monthly readings came in softer at 0.2%, below the 0.3% estimate and reinforcing the higher-for-longer rate path.　　PCE Print Confirms Sticky Inflation　　The Bureau of Economic Analysis released the April Personal Income and Outlays report on Thursday. Headline PCE matched the 3.8% consensus forecast at its highest annual level since May 2023.　　Core PCE, which excludes food and energy, climbed to 3.3% from a year earlier. The reading sits at its highest level since October 2023 and nearly doubles the Feds 2% target.　　Monthly figures gave doves a small win. Core PCE rose 0.2% in April, below both the 0.3% forecast and the prior months pace.　　Personal income was flat for the month, missing the 0.4% consensus, while consumer spending rose 0.5%. Initial jobless claims came in at 215,000, slightly above the 211,000 expected. Q1 GDP was revised down to 1.6%.　　INTEL: US JOBLESS CLAIMS 215K IN MAY 23 WEEK; EST. 211K　　US PRELIM Q1 GDP +1.6% (CONSENSUS +2.0%)　　US APRIL PCE

05-28Industry

Good or Bad? Cardano Whales Control 67.5% of the Total ADA Supply

Wallets holding at least one million ADA reached their biggest accumulation level since 2017.　　Cardano (ADA) has crashed more than 70% in the past year. In 2026 alone, the crypto asset has lost 30% of its value. Multiple attempts to break above the $0.25 level have failed.　　Even so, millionaire ADA wallets have been steadily accumulating the asset, which suggests that some large holders remain active despite the decline.　　ADA Millionaire Wallets Reach Record Levels　　Wallets holding at least 1 million tokens have collectively increased their holdings to 25.11 billion ADA. According to Santiment, this is the highest level recorded since December 2017. These wallets now control 67.5% of the total ADA supply, which is the highest concentration since July 2020.　　The analytics platform found that the accumulation by large holders is generally seen as a sign of confidence from key stakeholders with significant exposure to the crypto asset. Santiment added that, as a long-term indicator, the trend could be viewed as bullish for investors willing to hold patiently.　　The renewed accumulation comes at a time when Cardano is still battling long-running concerns around its ecosystem growth. Critics often argue that the network has struggled to build the same level of ecosystem traction seen among its

05-28Industry

Polymarket says no mandatory KYC planned for main prediction market

Polymarket has clarified that it is not introducing mandatory Know Your Customer checks across its main prediction market platform despite renewed scrutiny over compliance and restricted-jurisdiction access.Polymarket said KYC checks are limited to a new beta product and will not apply to its main prediction market platform.The clarification followed reports that regulators have increased pressure over sanctions compliance, restricted market access and anonymous trading activity.Brazil and Spain have already moved against Polymarket operations as U.S. regulators continue examining insider trading and market integrity risks tied to prediction markets.　　In a post on X, Polymarket vice president of engineering Josh Stevens said identity verification applies only to a new beta product currently being tested with a limited group of users.　　False.　　Stevens explained that “no KYC is being added to any part of existing polymarket.com with this launch” and later added that the beta product would not require KYC once testing ends.　　The clarification comes less than a day after a report from The Information suggested Polymarket had explored mandatory verification measures.　　Stevens also responded “no” when asked whether KYC could eventually become mandatory on the main platform.　　Nevertheless, regulatory pressure around prediction markets has continued to build across several regions, especially as authorities question whether geoblocking

05-28Industry

Bitcoin drops out of the top 10 largest assets by market cap

Top assets by market cap.　　At press time, Bitcoin was changing hands at $72,753, with the $72,000–$73,000 area as the next critical support.　　To plunge even further, to spot number 14, the digital asset would need to decline just 10% more and lose $147 billion in market cap.　　Bitcoin bleeds market cap　　Indeed, in contrast to Bitcoin, precious metals and semiconductor stocks have delivered some of the strongest gains this year. Gold, for example, surged to a record $5,600 per ounce in January before pulling back to around $4,451, while silver climbed as high as $120 per ounce and currently trades at around $73.　　With Bitcoin dropping, silver is now actually the worlds fifth-largest asset by market capitalization, with a market value of $4.15 trillion. Looking ahead, some analysts project that precious metals are up for another rally, as gold could hit $7,000.　　As for semiconductor names, the artificial intelligence (AI) boom has continued to outperform crypto markets by a large margin. Nvidia (NASDAQ: NVDA) is still the second most valuable asset, just below gold, valued at $5.16 trillion. Whats more, CEO Jensen Huang is confident the number is going to rise even more in the next few years.　　Spots number three and four are occupied by

05-28Industry

WIF Price Prediction: Critical $0.20 Break Determines Next 15% Move

The Current Technical Picture　　WIF sits trapped between key technical levels, with the 1.04% daily gain doing little to resolve the underlying consolidation pattern. The meme coin hovers near $0.199, just below the critical $0.20 resistance zone where multiple moving averages converge. Trading volume of $2.4 million on Binance spot reflects the current lack of conviction from both buyers and sellers.　　The RSI at 47.43 shows neutral momentum while the MACD histogram remains flat at zero, indicating neither bulls nor bears have gained control. This sideways action typically precedes significant directional moves in volatile assets like meme coins, where patience often gets rewarded with clear breakouts or breakdowns.　　Critical Price Zones　　The $0.20 level represents the immediate battleground, housing the 20-day moving average alongside other key technical confluences. A sustained break above $0.205 would target the upper Bollinger Band near $0.24, representing a potential 20% upside move from current levels.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full WIF price, calculator & analysis　　Conversely, failure to hold above $0.19 opens the door to the lower Bollinger Band at $0.17, marking a 15% decline. The 200-day moving average sits much higher at $0.27, highlighting how far Blockchain.news

05-28Industry

States have lost $1 billion due to prediction markets: Gaming association

The American Gaming Association now estimates that states have missed out on more than $1 billion in tax revenue due to the rise of prediction markets.　　In an appearance on CNBCs “Squawk Box” detailing the estimate, association president and CEO Bill Miller said that the lost money has consequences for communities due to the taxes states collect on regulated gambling.　　“It‘s about states and tribes that are losing literally a billion dollars today in state and tribal revenue that would otherwise go to fund important community projects,” he said, referencing the consequences it has on Native American casinos’ revenues too.　　Miller — whose organization is an advocate for casino operators, manufacturers and employees — said prediction markets amount to “backdoor sports betting.” The only difference, in his view, is that they arent regulated in the same way as sportsbooks.　　States have made a similar argument to Miller, arguing that prediction markets sports event contracts amount to sports gambling and thus should be regulated by their local frameworks. However, the Commodity Futures Trading Commission views these contracts as falling within its jurisdiction to regulate swaps and derivatives.　　Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020.　　Andrew

05-28Industry

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