Category: Other Crypto News

HTX Denies UK Sanctions Allegations as Data Links Exchange to Russia‑Linked Flows

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Sanctioned crypto exchange HTX is pushing back against the United Kingdom’s decision to blacklist Huobi Global S.A., the Panamanian company behind the platform, over allegations it helped Russia move money through a shadow “A7” network. In its latest Russia sanctions package on May 26, the UK accused Huobi Global of providing financial services and economic resources to entities already under restrictions for supporting Moscow’s war economy. The government said it was targeting “crypto and illicit finance networks” exploited by Russia, including the Kremlin-backed A7 “shadow” system that helps channel funds…

Do we really only need 2–5 cryptocurrencies?

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There were 20 kings of crypto back in January 2017. Dash. Augur. NEM. Stratis. They sat in the top 20 by market capitalization. They commanded billions in collective value. They attracted developers and retail investors who believed they were buying the future of money. As of May 2026, however, none remain in the top 20 by market capitalization. Only a handful of 2017 survivors like Bitcoin, Ethereum, and XRP still hold top positions today, underscoring crypto’s high attrition rate. Several projects have ceased development with their communities dissolving when the…

XRP MVRV Hits Lowest Level Since 2020 As Traders Sell Into Fear

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XRP traders are sitting on deep short-term losses, with Santiment Intelligence saying the token’s 30-day MVRV has fallen to its lowest level since December 2020. The on-chain analytics firm framed the move as an “extreme undervalued zone” after months of selling pressure pushed recent buyers heavily underwater. The chart shared by Santiment tracks XRP Ledger’s price alongside its 30-day and 365-day MVRV ratios on Sanbase. It shows XRP’s 30-day MVRV at roughly minus 47%, while the 365-day reading also sits deeply negative at around minus 36%. Santiment’s visual marks the…

China’s Supreme Court to Formulate New Rules for Digital Currency, AI cases

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China’s Supreme People’s Court (SPC) said it will study new adjudication rules for virtual currency and cross-border finance cases as part of a broader push to clarify how courts handle digital economy disputes. “We will conduct in-depth research on the adjudication rules for new cases such as virtual currencies and cross-border finance, formulate judicial interpretations on civil compensation involving insider trading and market manipulation as soon as possible,” said Liu Guixiang, Judicial Committee member of the SPC, during a press conference, reported Chinese news outlet Yicai on Wednesday. The court…

Crypto Market Sees $1.47B Fund Exodus As Traders Turn Cautious

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

HYPE ETFs Lead Crypto ETF Debuts by Market-Cap Flow Metric

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Spot Hyperliquid exchange-traded funds absorbed 1.04% of HYPE’s market capitalization in their first 10 trading days, giving them the strongest crypto ETF debut by one market-cap-adjusted demand metric, according to Kairos Research. Kairos compared cumulative net flows into new spot crypto ETF issuers against the market capitalization of each underlying asset at launch. By this metric, HYPE ETFs outpaced spot Bitcoin, Ether and Solana ETF debuts, which absorbed 0.59%, 0.41% and 0.31% of their respective market capitalizations. Bloomberg ETF analyst Eric Balchunas said the 21Shares Hyperliquid ETF (THYP) had risen…

China Just Put A Two-Year Expiry Date On Crypto Access For 1.4 Billion People

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China’s securities regulator, the China Securities Regulatory Commission, announced on May 25 that it will penalize three major offshore brokerages for their ties to crypto — Tiger Brokers, Futu Securities, and Longbridge Securities — for illegal cross-border financial operations targeting mainland investors, as part of a sweeping nine-agency implementation plan that sets a two-year deadline to eliminate all unauthorized cross-border securities, futures, and fund management activity from China’s financial landscape. Related Reading The announcement, made public via the State Council Information Office and covered by China’s official Xinhua News Agency,…

Bankless Co-Founder Explains Why He Sold All His Ethereum

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Bankless co-founder David Hoffman said he sold his ETH after concluding that the “ETH is money” thesis has largely played out, marking a notable shift from one of Ethereum’s most visible public advocates. Hoffman said he remains “massively bullish” on Ethereum as a network, but no longer sees a clear path for ETH, the asset, to receive a structural rerating from here. “For someone who built a career, community, identity, and business around Ethereum, this choice does not come lightly,” Hoffman wrote. “The ETH is Money thesis didn’t fail… it…

BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy

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Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy. Related Reading Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world’s largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week. In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine’s Chairman,…

Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen First

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The idea of XRP reaching $200 may sound bold, but for many analysts it’s also tied to one uncomfortable reality: the token would need more than a strong chart—it would require the market to expand to a level crypto has never reached. Market expert Sam Daodu argued in his latest report that the gap between where XRP trades today and the $200 milestone is larger than most people think, and that all major conditions in his framework must arrive together, not in stages. Why XRP Needs A Bigger Crypto Market…