Asela Priyashantha
Forward from: Crypto News by Satoshi Club
π Crypto Daily Recap: May 25, 2026
π Bitcoin Rebounds Toward $80K Resistance
πͺ Bitcoin formed a V-shaped rebound today, breaking above $76,000 and $77,000 after dropping to $74,000 over the weekend. The massive rally was fueled by improving risk sentiment following reports that the U.S. and Iran are close to reaching a preliminary peace agreement.
π SEC Delays Tokenized Stock Exemption
π The SEC abruptly paused its highly anticipated "innovation exemption" that would have allowed crypto firms to trade tokenized stocks. The delay follows concerns from exchange executives that unauthorized third-party tokens could severely disrupt corporate governance.
π Nasdaq Wins Approval for BTC Options
π¦ Nasdaq secured conditional SEC approval to list cash-settled Bitcoin index options under the ticker QBTC. The new derivatives will track the CME CF Bitcoin Real Time Index and settle entirely in U.S. dollars without requiring the physical delivery of cryptocurrency.
π’ Vitalik Says EF Will Be a 'Smaller Ship'
π§ Vitalik Buterin defended the Ethereum Foundation's ongoing restructuring today. Revealing that 90% of his net worth is in ETH, Buterin stated the Foundation will prioritize longevity over breadth, acting as a "smaller ship" with significantly fewer ETH sales moving forward.
π΅οΈ House Probes Polymarket & Kalshi Trades
βοΈ House Oversight Chair James Comer launched an insider trading investigation into prediction markets Polymarket and Kalshi today. The probe specifically targets suspicious, highly lucrative wagers placed on geopolitical events involving Iran and Venezuela.
π Hyperliquid's HYPE Token Hits Record $63
π Hyperliquid's native HYPE token surged to a fresh all-time high above $63 today, extending a massive multi-week rally. The outperformance comes as the decentralized exchange continues to allocate 99% of its trading fees toward market buybacks of the token.
π Tencent Expands Central Asia Payments
π³ Tencent's cross-border payment platform, TenPay Global, signed a memorandum of understanding with the Kyrgyz Republic's Eldik Bank today. The move integrates regional networks directly into Weixin Pay, expanding the massive Chinese digital wallet ecosystem.
π₯ Broader Crypto Market Faces Sharp Decline
π The broader cryptocurrency market experienced a turbulent day, with 340 out of 390 tracked tokens falling. While the majority of altcoins faced severe downward pressure, a few outliers like Nillion managed to buck the trend, surging over 22% amid the chaos.
π‘οΈ Researcher Defends Ethereum Foundation
π£οΈ Prominent blockchain researcher William Mougayar fiercely defended the Ethereum Foundation today against growing community criticism. He argued the organization is operating exactly as intended as a core protocol steward, rather than a centralized marketing engine.
π Bitcoin Rebounds Toward $80K Resistance
πͺ Bitcoin formed a V-shaped rebound today, breaking above $76,000 and $77,000 after dropping to $74,000 over the weekend. The massive rally was fueled by improving risk sentiment following reports that the U.S. and Iran are close to reaching a preliminary peace agreement.
π SEC Delays Tokenized Stock Exemption
π The SEC abruptly paused its highly anticipated "innovation exemption" that would have allowed crypto firms to trade tokenized stocks. The delay follows concerns from exchange executives that unauthorized third-party tokens could severely disrupt corporate governance.
π Nasdaq Wins Approval for BTC Options
π¦ Nasdaq secured conditional SEC approval to list cash-settled Bitcoin index options under the ticker QBTC. The new derivatives will track the CME CF Bitcoin Real Time Index and settle entirely in U.S. dollars without requiring the physical delivery of cryptocurrency.
π’ Vitalik Says EF Will Be a 'Smaller Ship'
π§ Vitalik Buterin defended the Ethereum Foundation's ongoing restructuring today. Revealing that 90% of his net worth is in ETH, Buterin stated the Foundation will prioritize longevity over breadth, acting as a "smaller ship" with significantly fewer ETH sales moving forward.
π΅οΈ House Probes Polymarket & Kalshi Trades
βοΈ House Oversight Chair James Comer launched an insider trading investigation into prediction markets Polymarket and Kalshi today. The probe specifically targets suspicious, highly lucrative wagers placed on geopolitical events involving Iran and Venezuela.
π Hyperliquid's HYPE Token Hits Record $63
π Hyperliquid's native HYPE token surged to a fresh all-time high above $63 today, extending a massive multi-week rally. The outperformance comes as the decentralized exchange continues to allocate 99% of its trading fees toward market buybacks of the token.
π Tencent Expands Central Asia Payments
π³ Tencent's cross-border payment platform, TenPay Global, signed a memorandum of understanding with the Kyrgyz Republic's Eldik Bank today. The move integrates regional networks directly into Weixin Pay, expanding the massive Chinese digital wallet ecosystem.
π₯ Broader Crypto Market Faces Sharp Decline
π The broader cryptocurrency market experienced a turbulent day, with 340 out of 390 tracked tokens falling. While the majority of altcoins faced severe downward pressure, a few outliers like Nillion managed to buck the trend, surging over 22% amid the chaos.
π‘οΈ Researcher Defends Ethereum Foundation
π£οΈ Prominent blockchain researcher William Mougayar fiercely defended the Ethereum Foundation today against growing community criticism. He argued the organization is operating exactly as intended as a core protocol steward, rather than a centralized marketing engine.