Cointelegraph.com
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Cointelegraph.com - 20:57 May 28, 2025
The move represents a significant shift from the Pakistani government's earlier position that cryptocurrencies would never be legalized. Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience: The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country. Read more -
Cointelegraph.com - 20:53 May 28, 2025
Shares of GameStop and Trump Media and Technology Group tumbled on May 28 as investors reacted to both companies’ newly announced Bitcoin purchases. Shares of video game and collectibles retailer GameStop dropped nearly 11% on May 28 after the company announced its first Bitcoin purchase, triggering a classic sell-the-news reaction. The stock closed at $31.21 on the New York Stock Exchange, according to Google Finance. The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly $513 million on May 28. GameStop confirmed plans to create a BTC treasury strategy on March 26, following months of investor speculation and rumors that it would begin accumulating the cryptocurrency. Read more -
Cointelegraph.com - 20:05 May 28, 2025
Investor profit-taking eroded Bitcoin’s bullish momentum and opened the doors to a price consolidation phase. Will traders buy altcoins at a discount? Key point: Bitcoin’s market structure is still bullish, even as a phase of profit taking and consolidation sets in. Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy and lay the foundation for the next leg higher. Read more -
Cointelegraph.com - 18:56 May 28, 2025
Speaking at the Bitcoin 2025 conference, US Vice President JD Vance called crypto enthusiasts to remain politically active. United States Vice President JD Vance took the stage to deliver a keynote address at the Bitcoin 2025 conference in Las Vegas, Nevada, encouraging Bitcoiners to deepen their involvement in politics. Vance highlighted the strategic and geopolitical importance of Bitcoin, emphasizing that the US should maintain leadership in the crypto industry to remain competitive in the age of digital finance. Vance told the audience: “Don’t ignore politics because I guarantee you, my friends, politics is not going to ignore this community, not now, and not in the future,” the vice president continued. Read more -
Cointelegraph.com - 17:52 May 28, 2025
Backed by rising use cases and institutional interest, stablecoin companies are attracting investors in 2025. Conduit, a cross-border payments company based in Boston, has raised $36 million in a Series A funding round led by Dragonfly and Altos Ventures. The capital will go to scale its payment system and expand currency offerings across fiat and stablecoins. Conduit markets its payment system as an alternative to the messaging network SWIFT, or Society for Worldwide Interbank Financial Telecommunications. Banks have relied on the SWIFT protocol to process wire transfers since the 1970s. Conduit claims its platform offers a modern alternative, enabling near real-time cross-border settlements by combining stablecoins with local fiat currencies through crypto infrastructure. Read more -
Cointelegraph.com - 17:29 May 28, 2025
Asset managers BlackRock and ARK Invest have indicated interest in acquiring over $150 million in Circle’s shares BlackRock is reportedly planning to take a significant stake in Circle’s upcoming initial public offering (IPO). According to a May 28 Bloomberg report citing anonymous sources, BlackRock is looking to purchase roughly 10% of the offering. Circle, the issuer of the USDC stablecoin, is aiming to raise $624 million in its initial public offering Cathie Wood’s Ark Investment Management is also interested in buying $150 million worth of shares in the offering, the report said. Read more -
Cointelegraph.com - 16:35 May 28, 2025
A major Coinbase breach occurred in 2025 with insiders involved. Coinbase responded differently and the extortion failed. Coinbase, America’s largest cryptocurrency exchange, received an unsolicited email from an unknown threat actor on May 11, 2025. They claimed to possess sensitive information about its customers and demanded a ransom of $20 million. Before examining the breach, it is interesting to understand how it happened at a public company that spends millions monthly on cybersecurity. In February, blockchain investigator ZachXBT reported increased thefts involving Coinbase users. He blamed aggressive risk models and pointed out Coinbase’s failure to prevent $300 million in yearly losses from social engineering scams. Read more -
Cointelegraph.com - 16:02 May 28, 2025
Smart contract hacks and other cybersecurity exploits continue to be a significant issue for crypto and Web3 firms in 2025. Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets. Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According to the firm, the attacker used the exploit to steal roughly 3,761 Wrapped Staked Ether (wstETH), which was converted to Ether (ETH) almost immediately after the attack. “We are investigating a potential exploit on Cork Protocol and are pausing all contracts. We will report back with more information,” Cork Protocol co-founder Phil Fogel wrote on X. Read more -
Cointelegraph.com - 15:05 May 28, 2025
Bitcoin eyes fresh multiday lows with risk assets suffering from a lack of volatility catalysts and fading hopes of a Fed rate cut before September. Key points: Markets increasingly see fewer Fed rate cuts this year, with the first only coming in September. Despite potential labor market weakness to come, crypto and risk assets lack an overall bullish catalyst, analysis says. Read more -
Cointelegraph.com - 15:00 May 28, 2025
Katana launched its private mainnet with support from GSR and Polygon Labs, aiming to solve liquidity fragmentation in DeFi. The Katana Foundation, a nonprofit focused on decentralized finance (DeFi) development, is launching its private mainnet, aiming to unlock greater crypto asset productivity via deeper liquidity and higher yields for users. The Katana Foundation launched a DeFi-optimized, private blockchain, Katana, on May 28, incubated by GSR Markets and Polygon Labs, with the public mainnet launch set for June. The new blockchain will enable users to earn higher yields and explore DeFi in a “unique, optimized yield environment” that unlocks latent value through an ecosystem that makes every digital asset “work harder,” according to an announcement shared with Cointelegraph. Read more -
Cointelegraph.com - 15:00 May 28, 2025
As Bitcoin aims to go mainstream, the crypto industry’s blind spot in terms of physical infrastructure is holding it back. Neglecting real-world access points risks leaving millions behind. Opinion by: Scott Buchanan, chief operating officer of Bitcoin Depot A new proposal to install Bitcoin ATMs in federal buildings highlights an important question: Can crypto truly go mainstream without a stronger physical presence? For years, the industry has focused on software and decentralization, but its reluctance to invest in real-world infrastructure is starting to show. Without physical access points, crypto risks becoming an exclusive, insiders-only system, rather than the open alternative it sets out to be. Everyone loves to talk about decentralization. There’s a good reason behind this. It defines the movement, shapes the technology, and supports the vision of a better financial system. While the industry focuses on code and algorithms, it lacks something basic. A decentralized system that exists only online is ... -
Cointelegraph.com - 14:30 May 28, 2025
Your guide to moving to Portugal as a crypto digital nomad — and why 0% crypto gains tax and an amazing lifestyle makes it a great option. New York-based pre-seed crypto venture firm manager Catrina Wang missed her flight home from a conference in Portugal back in 2022 and ended up loving the country so much she has since moved there permanently. Forced to find a hotel at the last minute, her stay in the beautiful forested area of Sintra made the Canadian-born Wang rethink living in the United States. I was like Wow, Im coming back and I bought a place at the end of 2023, she says. Wang now lives in beachfront Cascais on the outskirts of Lisbon. A general partner at Portal Ventures which manages $120 million in assets across two crypto funds, Wang says theres a growing expat community of crypto founders and VCs, many of whom shoot the breeze in a group chat she curates. There’s been almost a mini exodus of crypto people. A lot of fund managers and successful founders [went] from New York to Lisbon, that’s b... -
Cointelegraph.com - 14:15 May 28, 2025
Seniors are increasingly targeted by crypto scams. Discover key safety tips to help loved ones stay secure in the digital currency world. Scammers prey on seniors because they view them as financially secure, trusting and less familiar with rapidly evolving technology. Let’s understand why seniors are key targets. Read more -
Cointelegraph.com - 14:00 May 28, 2025
Discover how to mine Bitcoin at home in 2025 using the latest ASIC hardware, optimized mining software, low-cost electricity setups and secure wallets to maximize efficiency and profitability. Bitcoin is rapidly gaining legitimacy, and you couldn’t be blamed for wanting to peek behind the curtain to see how it’s made. Throughout 2024 and into 2025, you've seen a whirlwind of institutional investment from companies like Strategy, which continues to aggressively accumulate Bitcoin (BTC), and Metaplanet, Japan’s listed company that recently adopted BTC as a treasury reserve asset. Moreover, on the regulatory front, the return of a US President Donald Trump administration signals a friendlier stance toward crypto, with talk of rolling back SEC overreach and possibly supporting US-based mining. Read more -
Cointelegraph.com - 13:37 May 28, 2025
From institutional inflows to the rising stablecoin economy, the top Bitcoin bulls of 2025 are calling for prices as high as $1.5 million. Do they know something we don’t? Top Bitcoin (BTC) bulls in 2025 have updated their price forecasts, and they range from a relatively cautious $130,000 to seven-figure moonshots. Familiar doubters like gold bug Peter Schiff and economist Nouriel Roubini continue to predict a catastrophic ending for the world’s largest cryptocurrency. Meanwhile, Bitcoin spent the year with record-breaking rallies behind renewed institutional uptake. It set a new all-time high of $111,970 on May 22 and has been trading near that level since, teasing investors with the possibility of a new ceiling. Read more -
Cointelegraph.com - 13:33 May 28, 2025
The UK’s Financial Conduct Authority has launched a consultation on new rules for stablecoin issuers and crypto custody providers. The United Kingdom’s Financial Conduct Authority (FCA) has requested public feedback on proposed regulations for stablecoins and cryptocurrency custody. In a May 28 request for comment, the United Kingdom’s financial regulator announced that its regulatory proposals are “the latest milestone on the road to crypto regulation.” The draft rules are based on prior roundtables and industry feedback. David Geale, executive director of payments and digital finance at the FCA, said the agency aims to support innovation while ensuring market trust: The FCA also noted it will work with the UK’s central bank to regulate stablecoins. Bank of England Deputy Governor Sarah Breeden said, “For those stablecoins that expect to operate at systemic scale, the Bank of England will publish a complementary consultation paper later this year.” Read more -
Cointelegraph.com - 13:19 May 28, 2025
Data shows unique NFT buyers surged by 50% in May, jumping to 936,000 from 622,000, signaling renewed demand. Non-fungible tokens (NFTs) caught an uptick in sales in May after months of consistent decline throughout 2025. Data from CryptoSlam shows that May’s NFT sales climbed to $430 million, up from $373 million in April, a 15% increase. It marks the first monthly sales increase this year, suggesting renewed interest in digital collectibles. This follows a five-month decline in sales since volume peaked at over $900 million in December 2024. May also had the highest number of transactions in 2025, reaching 5.5 million, according to CryptoSlam. Read more -
Cointelegraph.com - 13:10 May 28, 2025
SUI’s prevailing ascending channel and Fibonacci setup project $7.56 as the new record high target. Sui (SUI) is making a strong technical case for a 100% price rally in the coming weeks, helped further by a slew of optimistic updates, such as the recent Nasdaq ETF filing with the US Securities and Exchange Commission (SEC). As of May 28, SUI has reclaimed the “Gooner EMA” as support on the weekly chart. Gooner EMA is a technical indicator created by trader NebraskanGooner that uses the 11- and 22-period exponential moving averages (EMA). When the price crosses above the EMA range, it often leads to further gains. Read more -
Cointelegraph.com - 13:06 May 28, 2025
xAI’s Grok could soon be accessible in Telegram and will offer chats, text editing, chat and document summaries, inbox agents, group chat moderation and more. Update (May 28, 11:12 pm UTC): This article has been updated to add X posts from Elon Musk and Pavel Durov regarding the deal. Elon Musk’s artificial intelligence company xAI has “agreed in principle“ to integrate its AI chatbot Grok across Telegram, says the messaging platform’s CEO, Pavel Durov. Durov said in a May 28 X post that he and Musk agreed to a one-year partnership for Telegram to distribute Grok across Telegram and integrate it into its apps. Read more -
Cointelegraph.com - 13:00 May 28, 2025
The executives behind Metalayer Ventures have launched a $25 million venture fund with a focus on stablecoins and tokenization. Metalayer Ventures, a crypto-focused venture capital firm led by former executives from Chainlink and Two Sigma, has launched a $25 million fund to invest in early-stage blockchain projects with a focus on stablecoins, tokenization and cryptocurrency infrastructure. Metalayer’s fund has already backed seven companies, the company disclosed to Cointelegraph on May 28. These include AnchorZero, a platform helping crypto founders use Roth IRAs for tax advantages, and Spark Capital, a new venture focused on stablecoin infrastructure. Other portfolio companies include Ethena, ClearToken, Crossover Markets, Station70 and Theo — an onchain trading infrastructure project that recently raised $20 million from 17 different VC firms. Read more
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