Crypto

MiCA has had a limited impact on the adoption of compliant stablecoins in Europe, strengthening the need for the digital euro, Bank of Italy Governor Fabio Panetta said. Former European Central Bank (ECB) official and Governor of the Bank of Italy, Fabio Panetta, touted the digital euro as a key tool for controlling the risks of increasing cryptocurrency adoption. The Bank of Italy, on May 30, released an annual report with the governor’s concluding remarks on the state of the economy. Panetta said the European Union must move forward with the central bank digital currency (CBDC) project to maintain financial stability and meet demand for secure digital payments. “We would be remiss to think that the evolution of crypto-assets can be controlled only through rules and restrictions,” Panetta said, warning that crypto regulation alone cannot address the systemic risks posed by crypto, and that the digital euro would be key to addressing them. Read more

The pseudonymous Wynn either has a serious gambling addiction or is a marketing account drawing eyes to Hyperliquid, X users debate.

Bitcoin’s drop reflects repositioning as tariff uncertainty rises, though sentiment may rebound if clarity returns, analysts told Decrypt.

The SEC said protocol staking isn’t a securities transaction, marking a key win for crypto regulation and paving the way for potential ETF staking approval. The US Securities and Exchange Commission’s (SEC) new guidance on cryptocurrency staking is widely seen as a major win for the crypto industry and the push toward globally consistent digital asset regulation. In a May 29 statement, the SEC’s Division of Corporation Finance said “Protocol Staking Activities” such as cryptocurrencies staked in a proof-of-stake blockchain “don’t need to register with the Commission transactions under the Securities Act.” The agency’s new guidance marks a “major step forward” for the US cryptocurrency industry, said Alison Mangiero, head of staking policy at the Crypto Council for Innovation. Read more

Sui validators voted to return $162 million in frozen assets from the Cetus exploit, enabling a full recovery and restart plan for impacted users. Sui validators approved a governance proposal to return $162 million in frozen assets linked to a recent exploit of the decentralized exchange Cetus, marking a key step toward full user repayment. Cetus was exploited for over $220 million worth of digital assets on May 22, but validators managed to freeze $162 million of the funds shortly after the incident. In a governance vote concluded on May 29, Sui validators passed the recovery proposal with 90.9% voting in favor, 1.5% abstaining and 7.2% not participating, according to the network’s official governance page. Read more

Your day-ahead look for May 30, 2025

Cosmos' ATOM swings amid geopolitical tensions and evolving trade policies. Investors watch support at $4.45 and resistance near $4.48.

High trading volume points to potential further downward pressure on TRX prices.

Sui token stabilizes around $3.43 after dramatic midnight selloff and recovery pattern forms

The crypto market is down today, with BTC trading within a key consolidation zone. The sideways movement indicates "a temporary breather rather than a trend reversal," analysts say. The post Why Is Crypto Down Today? – May 30, 2025 appeared first on Cryptonews.

Bitcoin has dropped 10% since its latest all-time highs — how much lower could BTC price action go before setting a local bottom? Bitcoin (BTC) has dropped 10% from all-time highs in a week as new support zones appear — where might BTC price action head next? Crypto traders and analysts weigh in on their market expectations as bulls fight for $105,000 to end the Wall Street trading week. Bitcoin has taken a break from upside this week, returning to test levels last seen around 10 days ago. Read more

Mayor Mayer Mizrachi proposed a visionary plan: accept Bitcoin from cargo ships in exchange for faster passage through the Panama Canal. The post Panama City Proposes Bitcoin Payments for Priority Passage Through Panama Canal appeared first on Cryptonews.

Thailand’s SEC has ordered Bybit, 1000X, CoinEx, OKX and XT.COM blocked nationwide, citing unlicensed operation and money-laundering concerns. Update (May 30, 2025, 11:30 am UTC): This article has been updated to add statements by a Bybit representative. 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 illegal platforms used for money laundering.” Read more

Bitcoin is seeing increasing profit-taking, new research confirms, while Hyperliquid’s Wynn joined those liquidated during the latest 10% BTC price retreat. 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.” Read more

The agreement, the newspaper’s first AI-focused licensing deal, will see its content used across Alexa and Amazon’s AI training models.

Adam Hollander told Cointelegraph that the number of weekly unique collectors on OpenSea has increased by 40% since January. Non-fungible token (NFT) marketplace OpenSea has launched its new platform, OS2, concluding its beta phase. The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning it as a more comprehensive platform beyond NFTs.  OpenSea chief marketing officer Adam Hollander told Cointelegraph that the platform always believed in a broader idea that everything onchain should be liquid and discoverable in one place.  Read more

The cryptocurrency market is down today due to renewed fears over stalled US-China trade talks, significant long liquidations, and a weak technical structure. Key points: The total crypto market cap fell 2.60% to $3.34 trillion on May 30, fueled by stalled US-China trade talks. Over $683.4 million in crypto futures liquidated, with $617.85M in longs reinforcing the intensity of the selling pressure. Read more

Coinbase has leased a major office in San Francisco, marking a return roughly three years after dropping its headquarters model.

Paris Saint-Germain has become the first major sports club to hold Bitcoin as it seeks a longer-term commitment with the industry.

Central African Republic will tokenize over 1,700 hectares of land using its national meme coin $CAR, President Touadéra said Thursday.