US SEC Discusses Securities Tokenization with Nasdaq and Crypto Industry
The US Securities and Exchange Commission (SEC) Cryptocurrency Task Force discussed the issuance and trading support of public blockchain-based securities tokenization with the industry. According to Cryptoslate, the Cryptocurrency Task Force held meetings with Nasdaq, real-world asset (RWA) blockchain Plume, and Etherealize to exchange opinions on this matter and the introduction of a regulatory sandbox pilot project. Nasdaq suggested establishing a new exchange ATS-Digital to support cryptocurrency contracts and commodity token listings, while Plume proposed incorporating DeFi provisions into securities laws. Etherealize requested rule revisions to recognize blockchain as a shareholder registry system. The Cryptocurrency Task Force plans to comprehensively review all opinions.
Famous 'Whale' James Wynn Expands BTC Long Position to $790 Million
Hyperliquid whale James Wynn has expanded his BTC long position to $790 million as of 1 PM local time, reported AmberCN. The current unrealized loss is $5.82 million. AmberCN explained that James Wynn is showing increasingly aggressive investment moves.
Deputy Governor Lee Jong-ryul: "Considering Linking Bank of Korea Deposit Tokens with Private Stablecoins"
Deputy Governor Lee Jong-ryul of the Bank of Korea stated that they are considering linking deposit tokens with public blockchain systems, as reported by News1. At the '8th Blockchain Leaders Club', he said, "Deposit tokens are a type of stablecoin issued within the digital currency system established and operated by the Bank of Korea. We are conceptualizing a direction where they can coexist with privately issued stablecoins within the entire digital currency system."
Democratic Party: "Will Actively Pursue Stablecoin Policy"
The Democratic Party announced that they will actively work on policies to promote the healthy development of the virtual asset market, including stablecoins, and protect users, as reported by Yonhap Infomax. The party views stablecoins as directly related to monetary sovereignty and innovative growth, and plans to establish an institutional foundation in line with international trends. This stance was expressed at the 'Digital Asset Industry On-site Policy Roundtable' held at the Upbit Lounge in Gangnam-gu, Seoul.
Indian Crypto Industry Intensifies Tax Reduction Lobbying
The Financial Times (FT) reported that the Indian cryptocurrency industry is intensifying lobbying efforts to demand tax reductions. The media explained that the crypto industry, once shunned in India due to crime concerns, is gradually being accepted amid changing policymaker perceptions. After Donald Trump publicly expressed support for cryptocurrencies, the attitude of Narendra Modi's cabinet became notably more favorable. Ashish Singhal, co-founder of Indian crypto exchange CoinSwitch, stated, "Reducing the crypto transaction tax to 0.1% can achieve asset tracking for crime prevention without suppressing transactions. Regulatory authorities are now communicating closely with us with a more understanding approach." Currently, India imposes a 30% capital gains tax and a 1% transaction tax on cryptocurrency trades.
OKX Sees $282 Million Inflow in Last 24 Hours, Tops CEX
According to DeFiLlama, OKX had the largest net capital inflow among centralized exchanges (CEX) in the past 24 hours, with a total of $282 million. Crypto.com and Bitget followed with $90.47 million and $41.22 million, respectively.
Cetus: "Will Take Measures to Recover from Hack Damage"
Cetus, a Sui-based DEX that suffered a $220 million hack, announced a hack report and plans to take measures including ▲contract review and security enhancement ▲LP recovery ▲legal response to the hack and negotiations with hackers.
Bitlayer Partners with Mining Pools to Promote BitVM Adoption
Coindesk reported that Bitcoin Layer 2 network Bitlayer is partnering with Bitcoin mining pools to promote BitVM adoption. Through this collaboration, mining pools like AntPool, F2Pool, and SpiderPool will support non-standard transactions (NST) essential for BitVM deployment to Bitlayer.
BNB Chain Completes Maxwell Hard Fork on Testnet
Cointelegraph reported via X that BNB Chain has successfully completed the Maxwell hard fork on its testnet. The hard fork reduced block generation speed to 0.75 seconds and established a structure capable of generating 16 consecutive blocks. Network scalability was also significantly enhanced.
US Sees Most Crypto Kidnapping Cases Since 2019
Beincrypto, citing a Binance report, revealed that the US has experienced the most cryptocurrency-related kidnapping incidents since 2019. During this period, 59 cases were reported in Europe, 48 in North America, and 62 in Asia. Criminal methods have evolved beyond simple hacking to directly threatening victims or stealing cryptocurrencies. France experienced three kidnapping attempts this year, and a hostage incident targeting tourists occurred in New York.
Movement Opens MOVE Token Airdrop Claim Page
The Movement (MOVE) Foundation announced the opening of the MOVE token airdrop claim page via X.
Altcoin Season Index at 25, Down 3 Points from Previous Day
The 'Altcoin Season Index' from CoinMarketCap, a comprehensive virtual asset information platform, recorded 25, down 3 points from the previous day. The Altcoin Season Index is determined by comparing the price fluctuations between the top 100 coins (excluding stablecoin and wrapped coins) and Bitcoin. If 75% of the top 100 coins have a higher increase rate than Bitcoin over the past 90 days, it is considered an Altcoin season; otherwise, it is a Bitcoin season. The closer to 100, the more it is seen as an Altcoin season.
Crypto 'Fear and Greed Index' at 74... Greed Continues
Alternative's self-estimated 'Fear and Greed Index' recorded 74, up 1 point from the previous day, continuing the greed phase. The index indicates extreme market fear when closer to 0 and extreme optimism when closer to 100. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap proportion (10%), and Google search volume (10%).
Analysis: "Bitcoin Options Market Betting on 'Rise'"
Cointelegraph reported that "despite Bitcoin still trading more than 2% below its all-time high, the options market is seeing bets on potential price increases." It further explained that "whales and market makers are highly anticipating price increases, as seen in Deribit's Bitcoin options 30-day delta skew data, which shows the options delta skew at around -6%, indicating put options are trading at a discount compared to call options. As the delta skew approaches 0, it suggests a balance in demand for sell and buy options, and such recent indicators are typically characteristic of a bull market."
Coin News Market Briefing on May 27
As of 9 AM on May 27, Bitcoin is trading at $109,434, up 0.40%. Among the TOP 100 coins by market cap, the top 3 24-hour gainers are QNT (+10.04%), JUP (+9.02%), and UNI (+5.49%).
BTC Below $108,000
According to Coin News market monitoring, BTC is trading below $108,000. On the Binance USDT market, BTC is trading at $107,980.
