Author: Bhavesh Maurya

Crypto News Today: Bitcoin ETFs See $519 Million Outflows, Ethereum Coinbase Premium Drops, TesseraDAO Loses $2.5 Million and Zcash Rallies 13% Overview: Bitcoin spot ETFs saw $519.19 million in net outflows, led by BlackRock’s IBIT with $388.64 million in daily withdrawals Ethereum’s Coinbase Premium fell to nearly -0.16, its lowest level since February 2026, signaling weaker US buying pressure  Zcash gained over 13% in 24 hours as shielded supply reached a record 5.1 million ZEC and network hashrate hit 16.3 GH/s The crypto market saw major developments as Bitcoin spot ETFs recorded $519.19 million in net outflows, while Ethereum’s Coinbase…

Bitcoin Falls to $70,000 as Strategy’s First BTC Sale, $3 Billion ETF Outflows, Heavy Liquidations and Weak Global Risk Sentiment Pressure Crypto Market Bitcoin trades at $69,746.8 at press time, with a 4.58% decline in the last 24 hours as investors reacted to the first reported Bitcoin sell-off from Strategy and weakened risk appetite globally. The world’s largest cryptocurrency has fallen around 9% in the past seven days. BTC now trades at its lowest price since early April and just above the 23.6% fib retracement at $68,987. The sell-off was not limited to Bitcoin. Ethereum fell below the $2,000 level…

Ripple Unlocks 1 Billion XRP From Escrow Worth Over $1.33 Billion as Circulating Supply Reaches 61.85 Billion Tokens and Debate Over Remaining 38.15 Billion XRP Burn Continues According to Whale Alert, Ripple unlocked 1 billion XRP tokens from escrow as part of its monthly unlock schedule. The current release has taken place in three different purchases, worth over $1.33 billion. The biggest one was 500 million XRP valued at approximately $666.07 million. A total of 400 million XRP valued at nearly $532.86 million was released through the second transaction and 100 million XRP valued at approximately $133.21 million was released…

FBI Seizes Record $8 Billion in Crypto as Global Scam Compound Crackdown Targets Organized Crime Networks, Trafficking Rings and Online Fraud Operations Across Asia, Dubai and Myanmar After 127,000 Bitcoin Forfeiture and Hundreds Arrested Worldwide In a massive international operation against scam compounds and organized crime groups, the FBI has seized $8 billion worth of cryptocurrency and arrested hundreds of suspects. The action was directed against groups allegedly stealing from US citizens with crypto investment scams, romance scams, impersonation scams, and other online fraud schemes. According to the FBI, the operation included the seizure of more than 127,000 bitcoin during…

CFTC Says Gemini Enforcement Complaint Should Not Have Been Filed as Regulator Seeks Relief From 2025 Consent Order, Citing Evidence Concerns and Broader Shift in US Crypto Enforcement Standards The US Commodity Futures Trading Commission (CFTC) has filed a motion in the long-running action against crypto exchange Gemini, asking for relief from a previous judgment, arguing that the original complaint against Gemini should not have been filed under current standards. The joint motion was filed in the US District Court for the Southern District of New York and asks the court to lift an order granted in January 2025. The…

Crypto Expands Across 2026 FIFA World Cup Through Argentina Sponsorships, Prediction Markets, Fan Token Campaigns and FIFA’s Avalanche Blockchain Despite No Official Exchange Sponsor Deal as Digital Asset Firms Target Global Football Fans Before Tournament Crypto companies may not be listed among FIFA’s official sponsors for the 2026 World Cup, but they have built a strong presence around football’s biggest tournament. Rather than going through FIFA’s premier sponsorships, crypto companies are partnering with national teams, fan tokens, prediction markets, ticket sales and even blockchain technology to try to reach global football fans. As of now, none of the crypto exchanges…

Ondo Finance CEO Nathan Allman Dies Unexpectedly as Ian De Bode Takes Charge; Company Plans to Continue Tokenized Real-World Asset Growth Strategy On May 26, Ondo Finance’s founder and CEO, Nathan Allman, unexpectedly passed away, the company said in a post on X. The company did not disclose the cause of death.  After serving on Goldman Sachs’ digital assets desk, Allman started Ondo Finance in 2021. He is a graduate of Brown University; he also attended Stanford University and then proceeded to build Ondo as one of the top platforms in the tokenized real-world asset (RWA) space. “It is with…

Kraken Expands UAE Presence After VARA Approval as Dubai Strengthens Position Among World’s Fastest-Growing Regulated Crypto Markets with Rising Institutional Demand, AED Trading Access, and Broader Digital Asset Adoption Across the Middle East Region Crypto exchange Kraken is growing its Middle East footprint following the preliminary regulatory approval from Dubai’s Virtual Asset Regulatory Authority (VARA) for its parent company Payward Inc. This approval is another notable milestone in Dubai’s role towards becoming one of the world’s fastest-growing regulated crypto hubs. The approval paves the way for Kraken to proceed with the launch of regulated cryptocurrency services for both retail and…

Binance to Suspend ETH Deposits and Withdrawals for One Hour on May 21 as Exchange Continues Wallet Infrastructure Upgrades While Maintaining Full Ethereum Trading Services Across Spot and Futures Markets On May 21, the world’s top cryptocurrency exchange, Binance, will temporarily suspend the deposits and withdrawals of the Ethereum (ETH) wallet due to scheduled maintenance. The upgrade will take about an hour, during which the ETH trading services will remain fully functional, the exchange said. Binance Confirms Temporary ETH Transfer Suspension According to Binance, the maintenance will only impact ETH deposits and withdrawals on the Ethereum network. All trading pairs…

India’s Crypto Market Crosses 120 Million Users Despite 30% Tax as Parliament Begins Fresh Discussions on Regulation, Compliance, and the Future of Virtual Digital Assets (VDAs) Indian policymakers begin fresh discussions around regulation, taxation, and compliance for Virtual Digital Assets (VDAs). Despite being one of the world’s most strict tax regimes, India remains among the largest digital asset markets globally.  India has over 120 million crypto investors, while the country contributes around 12% of the world’s blockchain developer talent, according to industry estimates. India processed more than $260 billion in crypto-related transaction volume in recent years despite regulatory uncertainty and…