Our view on bitcoin is cautious heading into Thursday’s, May 29, Personal Consumption Expenditures (PCE) report for April. Spot price has stabilised within a tight $74,000-$80,000 channel following the $766 million liquidation on Saturday, May 23 and the underlying market structure looks to have deteriorated rather than achieved a healthy reset. Since 15 May, futures open
The UK government has formally sanctioned HTX, one of the world’s largest cryptocurrency exchanges, and led by Tron founder Justin Sun, citing the platform’s alleged role in helping Russia evade Western economic restrictions. The sanctions, announced as part of a broader May 2026 enforcement action targeting 18 individuals and entities linked to illicit finance networks,
A Google security engineer, Michele Spagnuolo, was arrested and charged over alleged insider trading by placing bets on Polymarket about what Google users were searching, U.S. officials alleged on Wednesday. According to a complaint unsealed by the U.S. Attorney’s Office for the Southern District of New York, Spagnuolo used “material nonpublic information” to place bets
ARK Invest CEO Cathie Wood reaffirmed her firm’s long-term bullish outlook for Bitcoin, projecting a base case of approximately $750,000 and a bull case of $1,250,000 within the next five years, even as critics question the asset’s performance amid volatility and geopolitical tensions. In a recent interview with Fox Business, Wood addressed Bitcoin’s role as
SUI Elliott Wave analysis flags wave 5 risk toward 49-65 cents as micro resistance at $1.31 holds. Accumulation signals offer a narrow bullish counter-case. The SUI Elliott Wave structure is doing something the token’s buyers have been trying to ignore. According to moretradingonl on X, $SUI still has not confirmed a meaningful low. The broader
Originally published in American Banker on 26 May 2026 A recent note from the IMF highlights tokenisation as a structural shift in financial architecture; it reconfigures trust, settlement, and risk management to the benefit of investors and issuers, but in their view also risks amplifying financial instability. To counter these risks, the Note emphasizes the
In XRP news today, Ripple has filed two new US trademark applications spanning treasury operations, prime brokerage, hedge fund management, and securities lending, on top of a $500M Wall Street funding round that valued the company at roughly $40Bn, and yet XRP’s price remains locked in a multi-month range that has frustrated retail holders watching
The Depository Trust & Clearing Corporation (DTCC), Wall Street’s clearinghouse, said Wednesday it plans to connect its tokenized securities platform to the Stellar (XLM) network, expanding a broader effort by Wall Street firms to move traditional financial (TradFi) assets onto blockchain rails. Tokenized assets custodied by DTCC’s Depository Trust Company could become available on Stellar
London-listed The Smarter Web Company (LSE: SWC) disclosed on May 26 that it acquired 10 Bitcoin at an average price of £55,786 per coin, equivalent to roughly $74,904. The purchase totaled £557,865 and brings the company’s aggregate Bitcoin holdings to 2,869 BTC. The firm’s cumulative investment in Bitcoin now stands at £232.48 million, with an
Trump supports crypto growth and prediction markets while defending CFTC authority and warning against state-level regulatory interference across America. U.S. President Donald Trump strongly supported the crypto industry and prediction markets in recent remarks. The U.S. needs to continue to safeguard innovation and remain a leader in digital finance markets, he said. Trump also emphasized
