Crypto

A highly leveraged Bitcoin position on Hyperliquid was liquidated for over $100 million on Thursday, despite the asset's limited movement.

The Treasury Department's Office of Foreign Assets Control imposed sanctions on Funnull Technology and its administrator for enabling global fraud schemes.

The SEC said Thursday certain staking practices are not classified as securities transactions, ending years of uncertainty.

Ulbricht called for unity in the crypto community saying its now more "important than ever to stay true to our principles."

OFAC claims Funnull Technology purchased a code repository used by web developers and altered it to redirect legitimate websites to scam websites. 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.  Funnull purchases IP addresses in bulk from cloud service providers and sells them to scammers, allowing them to host and operate clones of legitimate investment platforms, to deceive victims and steal their crypto, according to OFAC. Read more

PLUS: U.S. lawmakers introduce crypto market structure bill.

Realms of Alurya and Wonder Wars—both building on Ethereum network Ronin—are the latest crypto games to go offline in a grim, growing trend.

Banco Santander is exploring the development of a fiat-backed stablecoin and expanding its crypto offerings to retail clients, marking a potential new chapter in the bank’s digital asset strategy. According to a May 29 Bloomberg News report, the initiative, still in its early stages, may include both US dollar and euro-pegged tokens. Santander joins a […] The post Banco Santander eyeing crypto expansion with fiat-backed stablecoin appeared first on CryptoSlate.

BlackRock’s iShares Bitcoin Trust (IBIT) has attracted consistent capital for over a month, signaling sustained institutional interest in the top crypto. According to data from SoSoValue, IBIT has recorded 31 consecutive trading days without net outflows since April 14. The only exception was May 13, when flows remained flat. Despite that pause, the ETF has […] The post Bitcoin low volatility fuels BlackRock’s IBIT 31-day inflow run and $72B asset surge appeared first on CryptoSlate.

The party leader leaned into pro-crypto talking points at the Bitcoin 2025 conference, announcing plans to introduce a digital asset bill if Reform UK wins in the next election. 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 would use the platform to facilitate donations, making it the first major group to do so amid the Conservative and Labour parties, who hold most of the seats in the UK’s House of Commons.  “[A]s of now, we are the first political party in Britain who can accept donations in Bitcoin and other cryptocurrencies,” said Farage. “We’re way behind you in America, but as of now, people with Bitcoin can give us money provided they’re eligible.” Read more

The first atomic swap, conducted on May 27, saw $2 million in USDC exchanged for the new mTBILL. German tokenization protocol Midas has launched a tokenized US Treasury bill on the Algorand blockchain, offering European investors exposure to yield-bearing government bonds with no investment minimum required.  The mTBILL is a tokenized certificate that references short-term US Treasury exchange-traded funds (ETFs), Midas announced on May 29.  The first atomic swap was executed by a third party on the Algorand blockchain on May 27. As part of the transaction, $2 million in USDC (USDC) was exchanged for mTBILLS. Read more

The firm will protect investors against Bitcoin's volatility with gold.

Trader’s interest in Solana is strong, but declining memecoin prices and SOL token unlocks have put a cap on the altcoin’s rally. Key takeaways: Solana's strong network activity contrasts with SOL’s token unlock schedule. MEV issues and memecoins’ price decline pose a risk to Solana’s growth potential. Read more

Paris Saint-Germain announced on May 29 that the club holds Bitcoin (BTC) on its balance sheet and plans to expand PSG Labs to support companies building on the network. During the 2025 Bitcoin Conference in Las Vegas, a spokesperson revealed that the club shifted part of its cash reserve into Bitcoin in 2024 and still holds […] The post Champions League finalist PSG confirms Bitcoin treasury, looks for Web3 builders appeared first on CryptoSlate.

A House bill formally introduced Thursday would end SEC oversight over the crypto industry. It will be debated by lawmakers in the coming weeks.

Chinese state-backed think tank highlights Bitcoin as a reserve asset against USD, Sony’s online bank launches new crypto unit. Asia Express. The International Monetary Institution (IMI), Chinas state-backed finance think tank, has republished an article that quietly elevates Bitcoin in the reserve asset debate. The report by former White House economist Matthew Ferranti, originally published in October by the Bitcoin Policy Institute, argues that Bitcoin can serve as a hedge for central banks in developing economies, particularly those exposed to US dollar weaponization. It was republished by the IMI on its official WeChat account on May 28 with an editorial note stating Bitcoins rise as a reserve asset deserves continued attention. The IMIs editorial note lays out that the appeal of US dollar assets is waning due to deficits, inflation and falling real yields. As a result, gold faces new challenges and Bitcoin is emerging as a serious contender for strategic reserves. Read more

Hester Peirce, head of the SEC's crypto task force, said the context of a digital asset transfer could make it a securities transaction. What qualifies as a securities transaction depends more on the nature of the deal than the asset itself, according to US Securities and Exchange (SEC) Commissioner Hester Peirce. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Peirce said the SEC needs to develop a framework outlining situations in which crypto transactions fall under the purview of securities laws. Examples of this might include offering cryptocurrency to investors as part of an initial public offering (IPO) or tokenizing a company’s stock. Peirce told the audience: Peirce said she expects more digital assets that do fall under the definition of securities to emerge, as assets like tokenized stocks and bonds come onchain. Read more

Kazakhstan’s "Cryptocity" has been announced by President Tokayev as a pilot zone in Alatau, operating under a regulated framework that has allowed residents and firms to use cryptocurrencies for meals, services, real estate deals, and investment activity, advancing the nation’s digital finance plans. The post Kazakhstan President Unveils “CryptoCity” Pilot Zone – Here is What You Need to Know appeared first on Cryptonews.

William Duplessie, 33, and John Woeltz, 37, have been accused of holding a 28-year-old Italian man hostage for over two weeks and torturing him in an attempt to steal his bitcoin.

The SEC sued Binance in June 2023, but moved to pause the case after Donald Trump retook the Oval Office.