Bitcoin (BTC) has fallen 5.42% over the past seven days, trading near $73,693 on May 29, 2026. Market analysts suggest the leading cryptocurrency could face additional downside pressure as BlackRocks iShares Bitcoin Trust (IBIT) records its longest streak of outflows since launching in 2024. At the same time, Wall Street investors are increasingly directing capital toward artificial intelligence opportunities, highlighted by Anthropics massive $65 billion Series H funding round ahead of its anticipated IPO in October. According to SoSoValue data, IBIT has experienced nine consecutive trading...

Texas is taking another major step in its state-backed Bitcoin strategy by appointing a five-member advisory committee to oversee the newly established Texas Strategic Bitcoin Reserve. The announcement was made by acting Texas Comptroller Kelly Hancock, who emphasized the importance of transparency, security, and strong financial management in administering the reserve. According to Hancock, the advisory committee will provide expert guidance on key areas such as Bitcoin valuation, digital asset custody requirements, risk management, and financial controls. The goal is to ensure that the...

The crypto market is showing signs of recovery after a recent downturn, supported by improving investor sentiment following the extension of the U.S.-Iran ceasefire for another 60 days. Bitcoin (BTC), Ethereum (ETH), and XRP have all posted gains as traders continue to buy the dip. However, market participants remain cautious as nearly $7.5 billion worth of monthly crypto options expire today. Investor sentiment remains mixed after the latest U.S. Personal Consumption Expenditures (PCE) inflation data came in at 3.8%, matching forecasts from major financial institutions including JPMorgan and...

XRP is heading toward a negative monthly performance in May 2026 as ongoing cryptocurrency market volatility continues to pressure investor sentiment. After briefly showing signs of recovery earlier in the month, XRP has surrendered those gains, raising concerns among traders about the possibility of ending May in the red. According to recent market data, XRP has recorded a monthly decline of approximately 4.85% as of May 29. This downturn comes after the digital asset managed to break a prolonged streak of monthly losses in April. However, renewed weakness across the broader crypto market...

The U.S. Commodity Futures Trading Commission (CFTC) has taken a major step toward expanding the American cryptocurrency derivatives market by approving the listing and trading of bitcoin perpetual futures contracts. The decision allows registered firms to offer crypto perpetuals, commonly known as perps, while complying with U.S. regulations. Perpetual futures are popular crypto derivatives that enable traders to speculate on the future price of digital assets such as Bitcoin and Ethereum without an expiration date. Unlike traditional futures contracts, perpetuals can be held indefinitely,...

Paxos has achieved a major regulatory milestone after its subsidiary, Paxos Securities Settlement Company (PSSC), received full registration from the U.S. Securities and Exchange Commission (SEC) to provide securities clearing and settlement services. The approval marks a significant step forward for blockchain technology in traditional financial markets and strengthens Paxos position in the growing real-world asset (RWA) tokenization sector. According to Paxos, PSSC has become the first blockchain-focused company authorized to operate as a central securities depository (CSD) for traditional...

Jeffrey Sprecher, founder and CEO of Intercontinental Exchange (ICE), has sparked discussion across the crypto industry after describing decentralized trading platform Hyperliquid as bigger than NASDAQ during a recent Bernstein conference. His remarks highlight the growing influence of crypto-native trading venues and the increasing attention they are receiving from traditional financial institutions. Speaking during a fireside chat with Bernstein analyst Chinedu Bolu on May 27, Sprecher praised Hyperliquids team and revealed that ICE executives have met with the projects founders several...

U.S. spot Bitcoin ETFs have extended their losing streak to nine consecutive trading days of net outflows, marking the longest withdrawal period since the funds launched in January 2024. According to data from SoSoValue, investors have withdrawn approximately $2.8 billion during the nine-session stretch, making it the largest sustained period of selling pressure recorded for the products. The recent trend has intensified this week, with U.S. spot Bitcoin ETFs losing around $1.3 billion in assets. The withdrawals also mark the third straight week of net outflows, while total monthly...

Prediction market platform Kalshi has filed a federal lawsuit challenging a new Minnesota law that would criminalize the operation, hosting, and promotion of prediction markets within the state beginning Aug. 1. The legal action marks the latest chapter in the growing debate over the regulation of prediction markets in the United States. The lawsuit follows a motion submitted by the Commodity Futures Trading Commission (CFTC) on May 19, one day after Minnesota Governor Tim Walz signed the legislation into law. The federal regulator argued that the measure conflicts with the U.S. Constitution...

Strategys perpetual preferred security, STRC, fell to as low as $97.11 on Thursday as Bitcoin declined toward the $73,000 level. The drop highlights the ongoing relationship between Bitcoin price movements and investor sentiment toward Strategys preferred shares. Historically, STRC has experienced selling pressure during Bitcoin pullbacks and shortly after its ex-dividend dates. Similar price action was observed following previous ex-dividend events, including those in November and February. Ex-dividend adjustments typically reduce a stocks price by the value of the dividend, while weaker...