The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country. According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims “to protect investors and crack down on…
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Key points: Bitcoin profit-taking is in full swing, but this can end up sustaining the bull market, Santiment research argued. Coins are spending increasingly less time in wallets, but the market is not suffering from “short-term speculation.” One whale unable to take profits was Hyperliquid’s James Wynn, liquidated for $99 million. Bitcoin (BTC) should enjoy…
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Bitcoin could enter a period of sideways movement following a court decision on US President Donald Trump’s tariffs, but that’s not necessarily a bearish signal, according to a crypto analyst. “While the recent surge to over $111,000 was notable, the current price action suggests a phase of consolidation rather than an imminent breakout,” onchain options…
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US spot Bitcoin exchange-traded funds have seen their first joint outflow day in over two weeks, with only BlackRock’s fund seeing a net inflow for the day. The 11 Bitcoin (BTC) ETFs together recorded a net outflow of $347 million on May 29, ending a 10-trading-day inflow streak, which last happened on May 13, according…
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Panama City Mayor Mayer Mizrachi has floated the idea of allowing ships transiting the Panama Canal to pay in Bitcoin for faster passage. Mizrachi proposed during a panel discussion at the Bitcoin 2025 conference in Las Vegas on May 29 that cargo ships could cut the line on waiting for their passage through the key…
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US Securities and Exchange Commission staff has given new guidance around the most common crypto staking activities, saying they are not in violation of securities laws. The SEC’s Division of Corporation Finance said in a May 29 staff statement that “Protocol Staking Activities” such as crypto staked in a proof-of-stake blockchain, “don’t need to register…
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A Hyperliquid trader known as James Wynn has seen his Bitcoin long bets on the platform liquidated for almost $100 million after Bitcoin dipped below $105,000. Wynn had made two significant long leveraged positions on Bitcoin (BTC), betting that the cryptocurrency’s price would rise, but onchain data shows those positions were liquidated to the tune…
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The New York Police Department has reportedly placed two officers on modified duties after the pair was accused of being linked to a local townhouse where a crypto trader was allegedly kidnapped and tortured before escaping. NYPD detective Roberto Cordero, who serves on New York City Mayor Eric Adams’ security detail, is said to have…
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The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites. Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims’ losses surpassing $200 million, the Treasury’s Office of Foreign Assets Control (OFAC) said on May 29. …
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The leader of the Reform UK political party, Nigel Farage, announced that the group is accepting Bitcoin and other cryptocurrency contributions from eligible donors. Speaking at the Bitcoin 2025 conference in Las Vegas on May 29, Farage said the party had begun accepting crypto donations. A blog post from crypto payments provider Radom said Reform…
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