Latest Crypto News & Market Updates

Ripple (XRP) ETFs Attract $118M as Bitcoin and Ethereum Funds See Major Outflows

Bitcoin Ethereum　　Ripple (XRP) ETFs Attract $118M as Bitcoin and Ethereum Funds See Major OutflowsXRP tested critical support at $1.2710 on May 28, marking its lowest level since February this year.Technical indicators show a triple-bottom formation alongside a hammer candlestick pattern, both suggesting potential bullish reversal.Spot XRP ETFs recorded $118 million in inflows throughout May, significantly outpacing Bitcoin and Ethereum fund performance.Technical analyst ChartNerd cautioned that failure to hold the $1.28–$1.24 range could trigger a decline toward $1.00.Ripples RLUSD stablecoin now commands a $1.8 billion market cap, with monthly volume jumping 61%.　　Ripples native token experienced a significant downturn this week, reaching a crucial support zone that has proven resilient throughout 2025. On May 28, XRP bottomed at $1.2710, a level that previously served as support during February and on two separate occasions in April.　　XRP Price　　The digital asset declined approximately 18% over a two-week period from its May 14 peak of $1.5480. This downturn coincided with a widespread cryptocurrency market correction that impacted Bitcoin and numerous alternative coins.　　Recovery efforts began shortly after. On May 29, XRP regained ground above $1.29 but encountered selling pressure around $1.32. The asset is presently positioned beneath the 100-hourly simple moving average.　　Technical Chart Analysis　　Market participants are closely

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UK targets Russian sanctions evasion in digital asset sector

Tech　　UK targets Russian sanctions evasion in digital asset sector　　The United Kingdom‘s Foreign Secretary, Yvette Cooper, has announced new sanctions targeting digital currency in a bid to shut off “financial lifelines that sustain Putin’s war machine,” including adding digital asset exchange HTX to the countrys list of sanctioned entities over its support of Russia.　　On May 26, the U.K. Foreign Office revealed it would be ramping up measures against digital asset networks used to bypass Britains sanctions, in an effort to prevent Russia from exploiting the sector to circumvent the heavy economic sanctions placed on the country since its illegal invasion of Ukraine in February 2022.　　“If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Cooper said in a May 26 press release. “The UK is adapting and strengthening our approach to target the evolving tactics Russia is using to evade restrictions.”　　She added that “we are tracking down and shutting off the financial lifelines that sustain Putin‘s war machine. There will be no safe havens for those enabling Russia’s aggression.”　　The package of 18 designations announced by the Foreign Office was designed to directly target Russias illicit financial infrastructure

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XRP Traders Hit 47% Losses as Santiment Flags Historic Dip-Buy Setup

MVRV helps traders compare current market value with realized value, making it useful for spotting whether holders are sitting on heavy losses or profits. The measure can highlight capitulation risk, trader exhaustion, and potential rebound conditions after heavy selling. Santiment said “weak MVRV readings alone do not guarantee a reversal,” though they can show that “the majority of panic selling has already occurred.” Those conditions can leave more responsive to catalysts tied to exchange-traded funds (ETFs), regulatory clarity, and Ripples adoption narrative.　　ETF Inflows and Weak Sentiment Shape s Setup　　Recent market data shows institutional and treasury-related interest continuing while retail sentiment remains weak. fell nearly 6% over the past week during broader rotation, yet XRP-focused investment products still recorded $1.55 million in inflows while spot saw $333.71 million in outflows. Evernorth described s longer-term value proposition around regulated payment infrastructure and cross-border settlement efficiency. Ripple also expanded integration into enterprise treasury platforms, allowing corporate clients to access digital-asset and payment functionality directly through treasury management systems. Those developments keep tied to institutional utility narratives even as short-term price momentum remains under pressure.　　Crowd sentiment has weakened alongside trader returns. Santiment said ‘s ratio of to commentary dropped to 1.1-to-1, pushing the asset

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BREAKING: Michael Saylors Strategy Moves Bitcoin to Coinbase Crypto Exchange

In the Q1 earnings call earlier this month, Michael Saylor announced the company may sell some of its Bitcoin holdings to fund dividends. Markets saw a shift from the strict “never sell” narrative to “probably sell some Bitcoin.” The company plans to maximize BTC per share.　　As CoinGape reported earlier, Strategy used cash reserves to repurchase $1.5 billion of its 0% convertible senior notes due in 2029. While it has reduced total convertible debt from $8.2 billion to $6.7 billion, cash reserves dropped to $871 million.　　In addition, Strategy CEO Phong Le confirmed in a Thursday interview that the company will increase Bitcoin per share. He also claimed the company will continue to acquire BTC.　　Strategy CEO @PhongLe discusses $BTC, $STRC, $MSTR, and our capital markets strategy to acquire Bitcoin and increase Bitcoin Per Share with @LizClaman. pic.twitter.com/scu8d4ER1N　　— Michael Saylor (@saylor) May 28, 2026　　MSTR Stock Falls amid BTC Selling Pressure　　MSTR stock closed 1.66% lower at $151.64 on Thursday. The intraday low and high were $144.30 and $153.64, respectively. Trading volume was also below the average of 18 million, which has dropped in the last few weeks.　　MSTR stock is down more than 8% in a week and almost 22% since May 11, erasing most

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Polymarket Exec Says KYC Limited To Beta Product

Polymarkets clarification comes as the platform faces widening access restrictions across several jurisdictions.　　As of Thursday, Polymarket listed dozens of restricted jurisdictions, including countries where users are blocked from placing orders and others where access is limited to closing existing positions.　　In April, Brazil moved to block 27 prediction market platforms, including Polymarket and Kalshi, after authorities said the services operated outside the countrys legal framework.　　In May, Spains gambling regulator also blocked local users from Polymarket and Kalshi as a “precautionary measure” while authorities pursued legal proceedings over alleged unlicensed gambling activity.　　Despite the restrictions, Polymarket has continued to pursue expansion in major markets. In April, the company was reportedly in talks with the US Commodity Futures Trading Commission over a broader US relaunch, and in May, it was reportedly seeking entry into Japan despite the countrys strict gambling laws.　　Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Argentina bill targets crypto gambling payments

Argentina has proposed a bill that would block banks, payment firms, and crypto providers from serving illegal online gambling sites.Argentinas bill would block banks, payment firms, and crypto providers from serving illegal gambling operators.The proposal adds prison terms of three to six years for running unauthorized betting systems.Argentinas move follows Polymarket blocks as countries tighten rules on crypto-based prediction markets.　　Argentinas government has introduced the Bill for the Prevention of Gambling and Regulation of Online Gambling. The proposal aims to control online betting and reduce gambling addiction.　　The Ministry of Health said the bill seeks to organize the virtual betting market. It also aims to protect children and teenagers from online gambling platforms.　　The bill would involve several state bodies. These include the central bank, securities regulator, communications agency, and domain registry.　　How would the bill affect crypto payments？　　The proposal directly targets financial access for illegal gambling sites. It would stop banks, payment firms, and virtual asset providers from serving unauthorized operators.　　Argentinas anti-gambling bill puts crypto exchanges on the hook for unlicensed betting　　Argentinas Health Ministry (@MinSalud_Ar) submitted a gambling-addiction prevention bill to Congress that, for the first time, explicitly names virtual asset service providers. Banks,… pic.twitter.com/HR8jwT1TXg　　— BSCN (@BSCNews) May 28, 2026　　The ministry said, “financial

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Make the U.S. Home: Bessent Pushes for Swift Crypto Legislation

Without the Clarity Act, customers of bankrupt digital asset exchanges have no guaranteed right to their own assets.　　Instead, they are forced to join a creditor line alongside Wall Street firms and expensive lawyers. “They join a creditor line w/ other Wall Street firms and expensive lawyers and hope for the best. This is a consumer protection failure Congress must fix,” she said.　　Other political figures and commentators, such as Patrick Witt, have joined the chorus of voices advocating for greenlighting the bill.　　The current state of the Clarity Act　　The bill the U.S. House of Representatives with strong bipartisan support in July 2025. However, it has since stalled in the Senate due to a variety of factors (including the standoff between Coinbase and the banking sector).　　Recently, it took a major step forward, with the Senate Banking Committee finally marking up its version of the CLARITY Act in a 15-9 vote.　　With that being said, it is still unclear whether the bill will actually pass. Polymarket bettors give the Clarity Act only a 56% chance of actually being signed into law (at the time of writing this article).　　There will still be a need for full floor votes to pass a future reconciled version. However, Congress

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OKX Ventures acquires 19.6% stake in South Korean crypto exchange Coinone

OKX Ventures has agreed to acquire a 19.6% stake in South Korean cryptocurrency exchange Coinone through an 80 billion won ($53 million) investment, expanding the global exchange group‘s presence in one of Asia’s largest digital asset markets.OKX Ventures will invest $53 million in Coinone, securing a 19.6% stake pending regulatory approval.Korea Investment & Securities is making a matching investment, with both firms set to become Coinones joint third-largest shareholders.The deal comes as South Korean financial institutions increase crypto investments and expand work on stablecoin and tokenized asset initiatives.　　According to a statement released by Coinone, the company has signed strategic equity investment agreements with OKX Ventures, Korea Investment & Securities (KIS), and South Korean gaming firm Com2uS and its affiliate.　　Pending regulatory approval and completion of the transaction, OKX Ventures and KIS will each hold a 19.6% stake in Coinone after investing 80 billion won apiece. Coinone said the two investors are expected to become the exchanges joint third-largest shareholders behind Chief Executive Officer Cha Myung-hun, who holds 27.8%, and Com2uS Holdings and its affiliated company, which together control 25%.　　Coinone stated that the transaction will combine secondary share purchases from Cha and Com2uS with subscriptions to newly issued shares.　　Coming after Binance‘s acquisition

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Sui Network Recovers After 6-Hour Mainnet Outage, SUI Drops 6.6% as P2P.org Launches Validator Data Stream

Tech　　Sui Network Recovers After 6-Hour Mainnet Outage, SUI Drops 6.6% as P2P.org Launches Validator Data Stream　　The Sui mainnet resumed full operations early Friday after a nearly six-hour halt triggered by a crash bug in the gas charging logic introduced through the layer-1s 1.72 release. Engineers identified the defect, rolled out a patch to validators, and confirmed that activity had restarted, while warning that a full incident review will follow in the coming days. Validators on the blockchain were still flagged with degraded performance even after the network came back online. The disruption marked the second multi-hour stall on Sui in 2026, raising fresh questions about the resilience of high-throughput layer-1 infrastructure that markets itself for institutional-grade settlement.　　The latest interruption is the second major downtime event for the network within five months, with the prior stall in January also lasting more than six hours. During Thursday‘s outage, the protocol failed to produce a new block for an extended window, with block explorers showing transaction processing paused while engineers worked on a fix. The network’s native token slid 5.4% in the 24-hour window, trading near $0.92 and underperforming Bitcoin, Ethereum, and other large-cap altcoins during the stall. The recurrence drew comparisons to

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OKX Pours $53M Into Coinone, Paxos Wins SEC Clearing Nod, Bessent Reaffirms No-CBDC Stance

Tech　　OKX Pours $53M Into Coinone, Paxos Wins SEC Clearing Nod, Bessent Reaffirms No-CBDC Stance　　OKX Ventures, the investment arm of the global exchange operator OKX, has agreed to acquire a 19.6% stake in South Korean crypto exchange Coinone for KRW 80 billion, or roughly $53 million. Korea Investment & Securities will commit an identical sum on the same terms, lifting the combined transaction value to about $106 million pending regulatory sign-off. The deal blends secondary share purchases from existing holders with newly issued equity, leaving Coinone CEO Cha Myunghun as the largest shareholder at 27.8% while Com2uS Holdings retains 25%. OKX and KIS will become joint third-largest investors as Coinone pivots toward stablecoins and tokenized securities.　　The Coinone transaction caps an aggressive month of institutional capital flowing into Korea‘s regulated crypto venues. Three Samsung subsidiaries disclosed a combined $408 million injection into Upbit operator Dunamu for a 4% stake on Thursday, while Mirae Asset earlier moved to take 92% of rival exchange Korbit. KB Kookmin, Shinhan and NHN KCP have separately partnered with the Solana and Avalanche networks to pilot tokenized deposit and stablecoin rails. Senior OKX executives framed the Coinone tie-up as a bet on compliant infrastructure, signalling that Seoul’s strict

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