Latest Crypto News & Market Updates

Aave Labs’ Push Gains UK FCA Crypto Registration

Crypto　　Aave Labs Push Gains UK FCA Crypto Registration　　Aave Labs‘ UK subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., known together as Push, received Financial Conduct Authority (FCA) cryptoasset registration as cryptoasset exchange providers under the UK’s current Anti-Money Laundering regime.　　The registration was obtained for “certain cryptoasset activities” and supports the decentralized finance (DeFi) companys plans to build regulated stablecoin on- and off-ramping infrastructure in the country, Aave said Thursday.　　Aave Labs‘ Push describes itself as a “simple way to move between Euros and stablecoins,” according to its homepage. The FCA’s online registry shows that the London-headquartered firm has been registered with the regulator since May 12.　　The regulatory greenlight allows the subsidiary of the largest decentralized lending protocol to develop its on- and off-ramping stablecoin infrastructure under regulatory permission in the UK. This marks the second major license for the company in the UK, as Push is also licensed as an Authorized Electronic Money Institution (EMI) by the FCA since July, 2020.　　The approval comes as the UK is moving closer to implementing comprehensive crypto regulation under the Financial Services and Markets Act (FSMA), effective October 2027. The framework will require crypto companies to have full FCA authorization to conduct crypto activities

05-29Industry

Datavault AI Stock Analysis: 0.50 Pivot Holds as DVLT Tests 0.53

DVLT — daily chart with candlesticks, EMA20/EMA50 and volume.Datavault AI Stock Daily Trend: Key Levels and MomentumMoving Averages and Bias　　On the daily chart, DVLT closed at 0.50, below the 20-day EMA at 0.53, the 50-day at 0.62, and the 200-day at 0.86. Interpretation: Price sits beneath all key moving averages, which keeps the primary bias bearish.　　Momentum, Volatility, and Pivots　　Daily RSI14 is 43.48. Interpretation: Momentum is weak but not oversold, leaving room both ways. The daily MACD line and signal are both at -0.05 with a flat histogram. Interpretation: Momentum has stalled at soft levels, signaling indecision rather than reversal.　　Daily Bollinger Bands show a mid at 0.53 with upper/lower at 0.69/0.37. Interpretation: Price is below the midline, and the band width leaves scope for range movement. The ATR14 is 0.05. Interpretation: Typical daily swings near 10% of price argue for disciplined risk sizing.　　Daily pivots print at PP 0.50, R1 0.53, S1 0.46. Interpretation: 0.50 is the immediate battleground, with 0.53 overhead and 0.46 as the downside trigger.　　Hourly Setup: Stabilization at the 0.50 PivotEMAs, Momentum, and Range　　Meanwhile, the 1-hour setup is less negative. Price is near 0.50 and above the 20-hour EMA at 0.49 and the 50-hour at 0.48, but below the

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DXY: Dollar risks upside break – BBH

Finance　　DXY: Dollar risks upside break – BBH　　Brown Brothers Harrimans Elias Haddad notes that resilient US growth and sticky PCE inflation keep the Dollar supported despite improved risk sentiment from progress on a US-Iran deal.　　Dollar Index poised for range break　　“We are sticking to our view the dollar index (DXY) risk overshooting the upper end of its nearly one year 96.00-100.00 range in the near term. Resilient US economic activity in both absolute and relative terms outweigh the drag to USD from easing geopolitical fears.”　　“Both headline and core PCE inflation are overshooting the FOMC‘s 2026 projection of 2.7%. Moreover, core services less housing PCE printed for a second straight month at 3.5% y/y in April, well above the level consistent with a sustained return to the Fed’s 2.0% target.”　　“The Atlanta Fed GDPNow model real GDP growth estimate for Q2 cooled but continues to point at above-trend growth. GDPNow suggests the US economy will expand at an annualized rate of 3.8% in Q2, down from 4.3% in its previous release on May 21. In parallel, the May PMI data points to a widening US growth edge over peers.”　　“Encouraging progress over a US-Iran deal has turbocharged the rally in risk assets. Both sides are

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Oil: Supply surge weighs on prices – DBS

Finance　　Oil: Supply surge weighs on prices – DBS　　DBS Group Researchs Philip Wee notes that Brent and WTI have fallen sharply, as markets anticipate abundant supply from the Gulf. US Treasury Secretary Scott Bessent expects Oil prices to fall below pre-conflict levels, while ongoing negotiations with Iran and the status of the Strait of Hormuz remain key uncertainties for energy markets.　　Brent and WTI extend declines　　“Crude oil prices continued to decline, falling farther below USD 100 per barrel.”　　“US Treasury Secretary Scott Bessent expects oil prices to be lower than pre-conflict levels.”　　“The oil market will be very well supplied, with almost 2,000 ships waiting to come out of the Gulf.”　　“Even if headline energy prices cool, the secondary damage to global logistics from the months-long closure of Hormuz has started to filter into intermediate goods.”

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South Korea’s DAXA Cracks Down on Crypto API Abuse

Crypto　　South Koreas DAXA Cracks Down on Crypto API AbuseDAXA mandates Upbit, Bithumb, Coinone, Korbit, and Gopax to invalidate suspicious shared API keys.Automated trading accounts for 30% of Korean crypto volume, making API governance a systemic issue.Exchanges must now monitor, warn, re-verify, and force-expire API keys based on risk level detected.　　South Korea‘s Digital Asset Exchange Alliance (DAXA) has established mandatory compliance standards requiring the country’s major cryptocurrency exchanges to detect and invalidate API keys suspected of being improperly shared or lent between users.　　The policy, announced May 28, targets a specific exploitation method that has been used to facilitate price manipulation and unfair trading practices across Korean crypto markets. DAXA member exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, are all subject to the new standards.　　Why This Matters　　API keys are access credentials that allow users and external programmes to interact with exchange accounts, placing orders, checking balances, and executing withdrawals without manual login. When lent or shared with third parties, they become a tool for coordinated trading activity that can manipulate prices while obscuring who is actually behind the trades.　　The Financial Supervisory Service of Korea said that automated trading currently accounts for approximately 30% of cryptocurrency trading volume in the country, making

05-29Industry

Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins

Hashport will serve as the platform to complete these exchanges, with every 2,500 reward points from Diners Club cards and every 4,000 points from the Trust card exchangeable for 1,000 JPYC when the service starts next Monday.　　In addition, to celebrate the launch, the service is establishing a cashback program from June 1 to November 30 that will return 500 points for every 1,000 points exchanged. The JPYC received can be managed in 4 different chains, including Ethereum, Avalanche, Polygon, and Kaia, and can be used freely to pay for products and services.　　Nobuaki Yamaguchi, President and Representative Director, Sumitomo Mitsui Trust Club, stated that they were delighted to combine , which are attracting global attention as a safe and reliable next-generation payment method, with credit card points.　　He also explained that their reward points had no expiration date.　　HashPorts CEO Yoshihiro Yoshida remarked on the relevance of this kind of program as a catalyst to increase adoption of stablecoins in Japan. “Points represent a massive fund pool with over 2.8 trillion yen newly issued annually, and have the potential to be a catalyst for the social implementation of ,” he stressed.　　Finally, Noritaka Okabe, Representative Director at JPYC, stressed this move was “an important

05-29Industry

SK Hynix Samsung trillion market: $1T leap and forced selling

Tech　　SK Hynix Samsung trillion market: $1T leap and forced selling　　South Korea‘s stock market has crossed a rare line, and the SK Hynix Samsung trillion market story is bigger than a simple headline milestone. SK Hynix has surpassed $1 trillion in market capitalization, joining Samsung Electronics in the trillion-dollar club as surging AI-linked memory demand reshapes the country’s equity map.　　That leap makes South Korea the first country outside the United States with multiple trillion-dollar companies. At the same time, it has created an unusual side effect: even as investors chase the rally, many large funds are being forced to sell.　　The contradiction is what makes this move so striking. The same run-up that pushed SK Hynix stock and Samsung Electronics stock to new highs is now pressuring fund managers, concentrating the KOSPI more heavily in a handful of names, and pushing money into indirect bets such as SK Square and Samsung Life Insurance.　　SK Hynix joins Samsung in the trillion-dollar club　　SK Hynix crossed the $1 trillion market capitalization mark this week, a landmark that puts it alongside Samsung Electronics in one of global markets most exclusive valuation tiers.　　That matters beyond company bragging rights. With SK Hynix and Samsung Electronics both there, South Korea

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CFTC Sues Rhode Island as State Rules Threaten Prediction Markets

Tech　　CFTC Sues Rhode Island as State Rules Threaten Prediction Markets　　The Commodity Futures Trading Commission (CFTC) announced on May 28 that it moved to intervene in federal court litigation involving Rhode Island and CFTC-registered . The agency seeks to block the state from applying gambling laws to federally regulated event-contract platforms, extending a broader jurisdiction fight tied to and federal derivatives oversight.　　According to the filing, Rhode Island pursued civil penalties after a designated contract market filed a complaint against the state over threatened enforcement action. The regulator argued that event contracts fall under the Commodity Exchange Act and remain within federal oversight. The case adds Rhode Island to a growing list of states challenging the agencys authority, including Arizona, Connecticut, Illinois, Minnesota, and New York.　　CFTC Chairman Michael S. Selig stated:　　“CFTC-registered exchanges have faced an onslaught of lawsuits seeking to limit Americans‘ access to event contracts and undermine the CFTC’s sole regulatory jurisdiction over .”　　Prediction Market Oversight Expands Alongside Regulation　　Federal regulators continue to frame as commodity derivatives rather than gambling products. The distinction has gained weight as event contracts tied to politics, economics, and sports draw more trading activity and digital-asset interest.　　President Donald Trump recently backed federal oversight. In a Truth Social

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SpaceX IPO valuation resets to $1.8 trillion floor

Tech　　SpaceX IPO valuation resets to $1.8 trillion floor　　SpaceX IPO valuation is looking a little different again — still enormous, but no longer anchored above the $2 trillion mark floated earlier this spring. Ahead of what could become one of the biggest public offerings ever attempted, SpaceX has reset its minimum debut valuation to $1.8 trillion while still targeting a capital raise of up to $75 billion.　　That shift matters because it suggests the company is trying to balance ambition with market reality. Even with the lower floor, the deal remains huge by any standard, and the coming days will show whether institutional investors are ready to back SpaceX at a price that would place it among the worlds most valuable companies.　　The calendar is already taking shape. Investor presentations are set to begin June 4, final share pricing is targeted for June 11, and trading is planned on both Nasdaq and Nasdaq Texas under the SPCX ticker.　　SpaceX IPO valuation resets to a $1.8 trillion floor　　The revised SpaceX IPO valuation marks a pullback from April, when the company had been targeting a public debut above $2 trillion.　　Now, the floor sits at $1.8 trillion. That is still a staggering number, but the reset points

05-29Industry

ZCash sheds 20% in 3 days - Should swing traders still remain bullish?

Tech　　ZCash sheds 20% in 3 days – Should swing traders still remain bullish？　　Another day, another crypto market price drop, and another $900+ million in liquidations in the derivatives market. Unlike the previous weekends mass liquidations, ZCash [ZEC] bulls were unable to shrug this hit off.　　Since the 25th of May, the privacy altcoin has lost just over 20%. AMBCrypto had reported earlier this week that ZEC had accomplished a bullish breakout from a local range.　　Since then, the market-wide selling pressure has forced ZEC back into the range.　　Bitcoin [BTC] was also down nearly 5% since Monday, helping explain the ZEC pullback. Despite the pace of ZEC‘s losses, there’s reason to believe that the recent ZCash drop was just that—a pullback.　　The ZCash buying opportunity　　The recent AMBCrypto report had taken a bullish stance on the privacy token and noted that $486 was the invalidation level for this bias. This idea still held. The recent losses have pulled ZEC to a key Fibonacci retracement level at $530.　　Source: ZEC/USDT on TradingView　　The closer ZCash retreated to the $486 swing low, the more bulls were at risk from the bears. The A/D indicator signaled that sellers have been in control over the past week.　　Meanwhile, the MFI on this

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