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Crypto News

Bitcoin Whales, Dolphins Signal Bearish Outlook as Growth Stalls

Bitcoin’s largest holders are signaling bearish conditions as both whale and dolphin cohorts show stagnation or contraction in their balance growth, according to CryptoQuant’s latest report. As of May 29, Bitcoin (BTC) is trading at $73,169, up a negligible 0.0011% in the past 24 hours, but on-chain data suggests structural demand is weakening.

Bitcoin (BTC) and Gold Signal Shift From USD Dominance: Report

Bitcoin (BTC) and gold are increasingly positioned as alternatives to the US dollar in global trade and reserves, according to a report by Fidelity Digital Investments. The report, titled "Six Key Trends Shaping Digital Assets in 2026," points to growing adoption of Bitcoin and gold by nation-states and central banks, signaling a potential shift away from USD-based systems.

FalconX files confidentially with SEC for IPO, hires bankers

FalconX, the institutional crypto trading platform, has confidentially filed with the SEC for an initial public offering. The filing was submitted on or around May 6, marking one of the most significant steps yet by a crypto-native infrastructure firm toward joining public markets.The company has also been in discussions with major investment banks, including Cantor Fitzgerald, about underwriting the deal. For a firm last valued at $8 billion during its 2022 funding round, the stakes are considerable.

Paxos Becomes First Blockchain Firm with SEC Clearing Approval

Paxos Securities Settlement Company, a subsidiary of blockchain infrastructure giant Paxos, has secured registration as a clearing agency from the U.S. Securities and Exchange Commission (SEC). Announced on May 28, 2026, this approval makes Paxos the first blockchain-native firm authorized to provide clearing and settlement services as a central securities depository in the U.S.

Bit Digital (BTBT) Boosts Ethereum Holdings to 158K ETH with $20M Buy

Bit Digital (NASDAQ: BTBT) has ramped up its Ethereum holdings with a $20 million purchase, adding 8,568 ETH to its treasury at an average price of $2,334.25 per token. This acquisition, made on May 11, 2026, pushes the company’s total ETH reserves to 158,462 ETH—surpassing Coinbase Global to become the fourth-largest public corporate Ethereum holder, according to CoinGecko data.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Wednesday was $228.88 million. The total net asset value of Bitcoin spot ETFs is $94.25 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.39%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net outflow on May 28 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $177.94 million, according to SoSoValue.

Source: SoSoValue