Grinex’s reach expands to $1.66B despite history of sanctions

Grinex, a cryptocurrency exchange identified as the suspected successor to the sanctioned Russian platform Garantex, has reportedly moved more than $1.66 billion in crypto through exchanges, despite red flags raised by blockchain analytics firm Global Ledger. Garantex had its infrastructure taken down by US, German and Finnish authorities in March and has since reportedly shifted…

Why is the crypto market down today?

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. Total crypto market cap risks falling toward $3.1 trillion after breaking below a descending parallel channel….

Thai SEC blocks 5 crypto exchanges, including OKX and Bybit

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…

Why is the crypto market down today?

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. Total crypto market cap risks falling toward $3.1 trillion after breaking below a descending parallel channel….

Crypto Staking Doesn’t Violate Securities Law, SEC Says

Crypto staking, under certain circumstances, does not appear to implicate U.S. securities law, a branch of the U.S. Securities and Exchange Commission said late Thursday. The SEC’s Division of Corporation Finance published a staff statement — the latest in a series from the regulator — spelling out how the regulator may evaluate proof-of-stake networks, mainly…

Donut agentic crypto browser raises $7 million to redefine internet browsers

New York-based Donut Labs has raised $7 million in a pre-seed funding round to build what it claims will be the world’s first “agentic” crypto browser, a tool using artificial intelligence to help users interact with blockchain-based applications. The round was led by Sequoia, Bitkraft and HackVC, with participation from angel investors including Solana and…

Bitcoin investor demand points to rally to $118K

Key takeaways: A 20-day Bitcoin Coinbase Premium streak signals strong institutional investor and retail investor interest. Falling BTC inflows from short- and long-term holders reduce downside risk. A bullish divergence and triangle breakout pattern target $118,000 in June. Bitcoin (BTC) price looks primed for another breakout in June due to strong demand from US investors…

Telegram raises $1.7 billion via bond offering

Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28. According to Bloomberg, the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million…

Ethereum Foundation taps Aave to borrow $2M in GHO stablecoins

The Ethereum Foundation (EF) has borrowed $2 million in GHO, a decentralized stablecoin developed by Aave, in a move signaling deeper engagement with decentralized finance (DeFi) strategies. In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens. “The EF is not only supplying ETH to Aave,…

a city crypto is spent

Kazakhstan plans to launch “CryptoCity,” a pilot zone where cryptocurrencies can be used to pay for goods and services, the country’s President Kassym-Jomart Tokayev, said. according to a May 29 announcement on the official website of President . Speaking at the Astana International Forum 2025, Tokayev said the pilot zone will be used to explore…