Crypto Industry News & Market Trends

Revolut customers Italy banking: 5 million milestone and daily use

Revolut customers Italy banking has taken a noticeable step deeper into the countrys financial mainstream. The company says it has now surpassed 5 million customers in Italy, a milestone that also places Revolut as the fifth bank in Italy by number of customers.　　That matters because this is no longer just a story about a popular payments app picking up users. In Italy, Revolut is increasingly being used for the routines that define a real banking relationship: salary deposits, savings, tax payments, household money management, and business finance.　　The shift is showing up in the numbers. Italian users processed more than 50 billion euros in transactions in 2025, up 78% year on year, while deposits, salary inflows, and savings products all moved sharply higher. For a company that first gained traction as a travel-friendly fintech, Italy now looks like a test case for something bigger: becoming a primary bank account in everyday life.　　Revolut crosses 5 million customers in Italy　　The clearest signal in the Revolut customers Italy banking story is scale. Crossing 5 million customers gives the company a far larger footprint in one of Europes most important retail banking markets.　　Revolut also says it is now the fifth bank in Italy by number

05-28Industry

CFTC Moves to Overturn $5 Million Gemini Penalty Following Internal Investigation

Federal regulator requests reversal of Geminis $5M civil penalty settlement.Internal review reveals significant evidentiary problems in original case.CFTC and Gemini jointly petition court to vacate settlement provisions.Whistleblower testimony used in case now deemed unreliable by agency.Original enforcement action failed to satisfy updated compliance standards.　　The Commodity Futures Trading Commission has petitioned a federal judge to dismantle substantial portions of its concluded enforcement action against Gemini Trust Company. This unprecedented request comes after a comprehensive internal examination uncovered fundamental flaws in the investigations foundation. The development raises broader questions about how cryptocurrency enforcement actions were previously conducted and evaluated.　　Federal Agency Reassesses Crypto Enforcement Action　　On May 27, the CFTC and Gemini submitted a collaborative legal filing with the U.S. District Court for the Southern District of New York. This joint petition seeks to overturn portions of a consent decree established in January 2025, which imposed a $5 million financial penalty on the cryptocurrency exchange. The agency now acknowledges that filing the original complaint was inappropriate under existing regulatory protocols.　　The enforcement action originated in June 2022 when federal regulators alleged that Gemini had provided false information to the agency. The allegations centered on the companys 2017 self-certification process for bitcoin futures trading on Cboe

05-28Industry

XRP Price Prediction for June 2026: Is a Bear Trap Forming?

XRP price trades at $1.28 heading into June as $227.10 million in short liquidation leverage stacks against $118 million in fresh May ETF inflows.　　The setup creates two opposing forces. A symmetrical triangle pattern points to a downside break, but accumulation behavior and crowded shorts hint at a possible June squeeze. Whether XRP price snaps higher or breaks the triangle defines the next move.　　XRP Hits Its Best ETF Inflow Month of 2026 But Still Closes May in Red　　May 2026 marks XRP‘s strongest ETF inflows month of the year. US XRP spot ETFs logged $118.29 million in net inflows per SoSoValue. That is higher than April’s $81.59 million and a full reversal from Marchs $31.16 million outflow.　　XRP Spot ETF Monthly Flows: SoSoValue　　Yet XRP price is closing May down 6.19% with two days left. The disconnect highlights how ETF flows alone do not drive XRP when historical seasonality cuts the other way.　　The seasonal pattern fits the calendar this year. XRP price has tracked its historical median for every month in 2026. January closed negative on a -10.6% median. April closed mildly positive. May trails toward -6.19% on a -4.40% median with two days to go.　　XRP Monthly Performance Heatmap: CryptoRank　　The June median for XRP

05-28Industry

DeFi’s automated yield protocols were built for retail, now they just add another layer of risk

Automated yield protocols built DeFis most persuasive retail pitch that depositing into a vault was all a user needed to do, with the protocol handling everything else.　　For users wanting exposure to Curves boosted yields without manually managing CRV locks, vote power, wrappers, gauges, and incentives, Stake DAO offered a product that packaged the full stack behind a simple interface and, in doing so, also packaged what could break.　　According to Blockaid, an attacker minted over 5.4 trillion vsdCRV on Arbitrum through a suspected compromise of a deployer key and began swapping tokens for ETH.　　The attacker altered LayerZero-related peer configuration to forge a cross-chain message before minting 5,446,744,073,709 vsdCRV, converting a portion into roughly 43.78 ETH, with liquidity constraining realized extraction far below the nominal mint.　　Stake DAO told users not to interact with vsdCRV while the situation was active. The incident spread to Curve, which warned users in an affected Arbitrum LlamaLend market, and Beefy Finance paused a connected vault with exposure to Curve and Convex.　　Stake DAOs Liquid Lockers let users deposit governance tokens like CRV, receive liquid sdTokens, and access boosted yield and governance exposure without managing the Curve-locking stack directly.　　The vault interface hides all of that and, in doing so,

05-28Industry

Strategy’s USD reserve didn’t last long

Strategy (formerly MicroStrategy) told preferred shareholders that its so-called USD Reserve was their safety net. Half a year later, it drained most of it to retire zero-coupon debt that was costing the company nothing in interest.　　Indeed, in December, Michael Saylors Strategy said it established a $1.44 billion USD Reserve “to support the payment of dividends on its preferred stock and interest on its outstanding indebtedness.”　　Its now used most of it for purposes other than paying interest and dividends.　　USD Reserve is a fancy term for cash used by the company to distinguish cash from its bitcoin (BTC) reserve, which it considers more “pristine.”　　It also wanted to earmark the cash as a meaningful reserve for a particular obligation, namely, dividend and interest obligations.　　Strategys management diluted common shareholders through at-the-market (ATM) sales of MSTR to create the USD Reserve.　　As common shareholders suffered dilution and no commensurate gain in BTC, preferred holders enjoyed a safety net for a few months, thinking the company would actually use its USD Reserve as promised.　　At inception, President and CEO Phong Le framed the cash buffer as a trust signal, claiming it “currently covers 21 months of dividends.”　　By late December, additional ATM sales had pushed the reserve to roughly

05-28Industry

Internet Computer up 12% after massive short liquidations - Is $4 next for ICP?

Internet Computer [ICP] is up more than 12% in the past 24 hours, coming in third among CoinMarketCaps top 100 cryptos by gains. The decentralized AI compute play mainly drove the altcoin.　　Additionally, technical breakout, network activity, and a short squeeze have had a hand in the days rally.　　ICP bulls return, eyeing $4—is it possible？　　The daily price action chart has surged above the range consolidation that had kept ICP between $2 and $2.80 since February. Following a breakout in the first week of May, Internet Computer rallied above $4 but has been in a correction for the past two weeks.　　The correction appears to have ended at around $2.50, where it consolidated for around 10 days. Consequently, ICP broke above this range again.　　The MACD bars have shown seller exhaustion, with the signal and MACD line crossover suggesting bulls return. The Average Directional Index (ADX) is at 19 and stabilizing, confirming this bullish outlook.　　Source: ICP/USDT on TradingView　　As bulls reclaim the $3 mark, more capital inflows would push it toward $4. This was more likely if the altcoin stayed above the three-month consolidation market. Otherwise, the sideways consolidation may persist.　　A spike in short liquidations　　Another factor that drove the prices of Internet Computer was the

05-28Industry

Why is the Pi Network (PI) Price Down This Week

Let‘s have a closer look at the technical indicators, which might give us a clearer idea of why Pi Network’s PI token is performing poorly this week.　　PI failed to hold at $0.16 and is now well on its way to $0.13 next!　　PI Network (PI) Price Predictions: Analysis　　Key support levels: $0.13　　Key resistance levels: $0.16, $0.20　　Key Support About to be Tested　　At a macro level, we can see that PIs price exited a major downtrend in March 2026, when it made a higher high and appeared to have bottomed at $0.13. This could be interpreted as a major pause in the pre-existing downtrend.　　However, this assumption is about to be tested by sellers, who appear determined to revisit the $0.13 support soon. If the price holds there again, PI may range between $ 0.13 and $ 0.20 for some time. Any failure will lead to new lows and a resumption of the downtrend.　　Source: TradingViewWill $0.13 Hold？　　The biggest question, based on this chart, is if the key support at $0.13 can stop this renewed push by sellers. At the time of this post, it is too early to call it, and buyers could return there like in the past.　　Nevertheless, another visit to this level could

05-28Industry

UK eyes A7A5 stablecoin, Huobi/HTX for Russian sanctions case

The United Kingdom is punishing a ruble-backed stablecoin issuer and the HTX digital asset exchange for assisting Russias efforts to evade economic sanctions imposed following the 2022 invasion of Ukraine.　　On May 26, the U.K. governments Foreign, Commonwealth what assets are accepted as stablecoin reserves; whether to anchor stablecoins within existing regulations or create bespoke rules; and what jurisdictions permit and prohibit within their borders.　　We encourage you to read the whole document, but we‘ll briefly summarize the paper’s recommendations.　　First, echoing the BoEs concerns regarding the need for international stablecoin standards, ECRI believes “an architecture of mutual recognition” (aka accepting foreign-issued stablecoins alongside locally-issued tokens) is possible without countries having to choose between “full insulation and unrestricted openness.”　　Two-tier approaches—like the U.K.s plan to restrict domestic payments to U.K.-issued sterling-backed stablecoins while permitting the use of other stablecoins for cross-border transfers—will “address the risks regulators care about in a targeted way, preserve the global fungibility on which the principal use cases depend, and create a meaningful incentive to local issuance without resort to exclusion.”　　Second, regarding fiat reserves, the ECRI notes that none of the seven markets treat the issue the same, and while that remains their right, “regulators should articulate their reserve-composition choices

05-28Industry

Bybit warns users over transfers with UK-sanctioned HTX

Cryptocurrency exchange Bybit has informed clients that transactions involving addresses linked to HTX may be subject to additional checks.　　The warning comes after its rival was targeted in fresh U.K. restrictions on crypto services allegedly helping Russia with sanctions evasion.　　U.K. sanctions push Bybit to check HTX-related flows　　Dubai-based Bybit, one of the worlds largest crypto exchanges, has told users that transfers to and from addresses linked to HTX may be subject to increased scrutiny.　　The main reason for its warning is the sanctioning of the Panama-incorporated entity operating its competitor, Huobi Global, by the British government this week.　　Transactions involving HTX addresses may trigger additional anti-money laundering, compliance, or risk-control checks, the coin trading platform announced on social media.　　Bybit called on customers to avoid using such wallets and urged them to make sure that all their account-related activities remain compliant with its policies and local laws.　　Thus, users making HTX transactions subject to stricter AML control may be asked to provide documents confirming the origin of the funds and showing previous transaction history.　　Certain functions, including withdrawals, may be blocked until the provided information is verified by Bybit, the Russian crypto news outlet Bits.media noted in a report on Thursday.　　Important Notice Regarding Deposits and Withdrawals Related

05-28Industry

Here’s Why Analysts say XRP Price is Extremely Undervalued’ at $1.30

XRP (XRP) is down roughly 64% from its July 2025 multi-year high, but several onchain and technical indicators suggested the altcoin was due for a “strong price rebound.”　　Key takeaways:XRPs MVRV ratio fell to -47%, a level historically linked to strong market rebounds and accumulation.XRP Ledger transaction spikes suggest rising network activity and a possible macro price floor near $1.30-$1.50.XRPs bullish falling wedge pattern projects a 134% price breakout to $3.10.　　MVRV ratio: XRP is in an “extreme undervalued” zone　　XRPs market value realized value (MVRV) ratio, or the market cap divided by the realized cap, has dropped to levels that have historically aligned with accumulation zones and market bottoms.　　The chart shows that XRPs 30-day MVRV has now fallen to -47%, its lowest level since December 2020.　　This suggests that fear and frustration among investors have “reached rare extremes that have historically preceded strong rebounds,” onchain data provider Santiment in a Tuesday post on X, adding:　　“Historically, MVRVs (average trading returns) will always average out to 0%, making this current level an extreme undervalued zone for $XRP. ”　　Deeply negative MVRV readings tend to appear when retail traders have largely given up, creating conditions where even small positive catalysts can trigger strong rallies.　　While weak MVRV readings

05-28Industry

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