Russia’s Central Bank has approved the trading of financial instruments tied to crypto prices for qualified individuals. However, these instruments must be non-deliverable, meaning investors won’t be able to hold the digital assets; instead, they will only receive payouts based on price movements. Strict Risk Controls In a May 28 press release , the central bank confirmed that Russian financial institutions are now allowed to issue financial derivatives, digital financial assets (DFAs), and other securities pegged to cryptocurrencies. Nevertheless, access to these offerings is strictly limited to investors who meet certain legal criteria, with the general public remaining excluded. The financial regulator has also adopted a conservative risk approach. Credit institutions must fully back such positions with capital and implement individual exposure limits. These measures are meant to reduce the impact of crypto price fluctuations and prevent broader financial risks, with plans of formalizing the requirements within the year. Despite this update, the Bank of Russia is maintaining its broader opposition to cryptocurrencies and will continue to advise against direct investment in them. Broader Efforts to Advance Crypto Regulation This move follows similar efforts to create a legal framework for digital assets in Russia. The government is currently reviewing proposals from the monetary authority for a pilot program that would restrict crypto transactions to certain categories of investors. To qualify, participants must hold at least $1.1 million in securities and deposits or have earned over $570,000 in the previous year. The pilot, introduced in March, is expected to run for three years if approved and could play a key role in shaping the future of digital asset use within Russia’s financial system. Similarly, the Russian Finance Ministry and the national bank have begun laying the foundation for a government-run crypto exchange that is expected to launch in the coming months. According to local media reports, Finance Minister Anton Siluanov revealed that the initiative would support the legalization of crypto use and bring digital transactions under regulatory oversight. The exchange will operate within the country’s experimental legal framework for financial innovation and will be open only to a limited group of approved investors for conducting regulated crypto transactions. Deputy Finance Minister Ivan Chebeskov also highlighted that the platform could be developed using existing financial infrastructure or by newly licensed entities. Meanwhile, Russia continues to use cryptocurrency in oil trade with India and China. Last year, Siluanov confirmed that domestic businesses have been using digital assets to work around economic sanctions imposed by the United States and its allies after Moscow invaded Ukraine in February 2022. The post Bank of Russia Approves Crypto Investments for Qualified Investors appeared first on CryptoPotato .
The Treasury Department's Office of Foreign Assets Control imposed sanctions on Funnull Technology and its administrator for enabling global fraud schemes.
South Korea's largest cryptocurrency exchange Upbit continues to announce altcoins. At this point, Upbit, which made a morning launch, announced that it will list four new altcoins named Livepeer (LPT), Pocket Network (POKT), FORT and FLOCK. Upbit has announced that it will list FLOCK and FORT on BTC and USDT trading pairs. Upbit, which only lists POKT on the KRW trading pair, has listed LPT on the KRW and USDT trading pair. “On MAY 30, 2025, LPT and POKT will be added to the KRW and USDT markets on Upbit. The listing for LPT is planned on the Ethereum network in USDT and KRW trading pairs, while the listing for POKT is planned on the Pocket Network in KRW trading pairs. Listing for FLOCK is planned on the Base network in USDT and BTC trading pairs, while listing for FORT is planned on the Ethereum network in BTC, USDT trading pairs. Be sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than those specified are not supported.” There were increases in altcoin prices after the listing news. POKT was the most notable with an increase of over 250 percent. *This is not investment advice. Continue Reading: JUST IN: Morning Release from Upbit! Four New Altcoins Listed, One Soared Over 250 Percent!
Ripple’s RLUSD stablecoin explodes across global markets with new listings, major integrations, and zero-fee campaigns fueling institutional and retail adoption. RLUSD Hits New Platforms—Fiat Onramps, Incentives, and Zero Barriers Ripple Labs’ RLUSD stablecoin is gaining widespread traction, with its footprint now extended across a growing list of trading platforms and financial service providers. Initially launched
Bitcoin (BTC) has recently experienced a slight slowdown after its impressive upward run, trading at $108,012 at the time of writing. Over the past week, Bitcoin has recorded a 3.1% decline, indicating a moderate pullback from recent highs. However, despite this short-term downtrend, the asset continues to hold steady above significant support levels, suggesting minimal selling pressure from market participants. Amid the current pullback phase, analysts have started to express caution regarding Bitcoin’s immediate outlook. In particular, one CryptoQuant analyst known by the handle Crazzyblockk highlighted the emergence of an elevated market risk signal through the “Standardized 60-Day Realized Cap Volatility (RCV)” metric. This indicator, frequently monitored by investors to assess risk levels, has reportedly crossed a critical historical threshold. Related Reading: Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead? Understanding the Elevated Risk Signal The 60-Day Standardized RCV, as explained by Crazzyblockk, measures the variance between Bitcoin’s realized capitalization, essentially the cumulative value at which all coins last moved, and its market capitalization. This metric is normalized to account for volatility, thus helping investors detect significant shifts in market sentiment. Currently, the Standardized RCV value has reached 1.9, surpassing the 1.5 threshold traditionally viewed as indicative of high market risk. Historically, when the 60-Day Standardized RCV exceeds values between 1.5 and 1.9, it has often preceded local market peaks or considerable corrections. According to the analyst, these elevated readings indicate periods when investor behavior, characterized by increased profit-taking and speculative activities, diverges notably from Bitcoin’s fundamental valuation. Implications for Bitcoin Investors The current Standardized RCV reading suggests that Bitcoin’s market might be approaching a point of heightened caution. Although this indicator alone is not a definitive sell signal, it does suggest investors should adopt a more conservative risk management approach, especially in regard to new positions or leveraged trades. This cautious stance aligns with historical data from other widely monitored metrics like the Market Value to Realized Value (MVRV) ratio and the Spent Output Profit Ratio (SOPR), both of which currently reflect similarly heightened risk levels. For investors, the present scenario necessitates careful consideration of market conditions before making strategic moves. The Standardized RCV indicator serves as a precise gauge to navigate market volatility, advising investors to consider reducing exposure, tightening stop-losses, or potentially waiting for a clearer alignment of price with underlying fundamentals before making substantial commitments. Crazzyblockk noted: Now is a time for risk management, not euphoria. Investors may consider reducing exposure, tightening stops, or awaiting a retest of fundamentals before re-entry. Standardized RCV continues to be a precision tool in navigating crypto volatility. Featured image created with DALL-E, Chart from TradingView
COINOTAG reported on May 30th that a recent analysis by Glassnode reveals troubling news for investors in the Ethereum spot ETFs spearheaded by BlackRock and Fidelity. As of May 29th,
The SEC has made a groundbreaking announcement regarding crypto staking that significantly alters the regulatory landscape for investors and projects alike. This new guidance clarifies that many common staking practices
The SEC said Thursday certain staking practices are not classified as securities transactions, ending years of uncertainty.
In a dramatic regulatory reversal, the U.S. Securities and Exchange Commission (SEC) dropped its landmark lawsuit against Binance and founder Changpeng Zhao on May 29, 2025, ending a two-year battle that once threatened the world’s largest crypto exchange. Does this dismissal, signed jointly by both sides, indicate a new era for crypto oversight under the Trump administration? The SEC’s case, filed in June 2023, had accused Binance Holdings, BAM Trading Services, BAM Management U.S. Holdings, and former Binance CEO Changpeng Zhao of inflating trading volumes, diverting customer funds, and enabling trading in unregistered securities. SEC Dismisses Civil Case Against Binance and Changpeng Zhao The SEC voluntary dismissal , filed jointly with Binance with prejudice in Washington, D.C., means the regulator cannot revive these charges, marking a major shift in U.S. crypto policy and enforcement. Source: CourtListener According to the court document, the SEC stated, “in the exercise of its discretion and as a policy matter, the Commission believes the dismissal of this Litigation is appropriate.” While the regulator provided no further explanation, it did clarify in its litigation release that the move does not necessarily reflect its stance on other cases. Over the past several months, the case had remained in limbo. In April 2025, the SEC and Binance requested a stay , followed by extension requests, suggesting shifting priorities and behind-the-scenes negotiations. The dismissal follows a turbulent 2023 for Binance, which included a $4.3 billion settlement with the U.S. Department of Justice over Bank Secrecy Act violations. Zhao and Binance admitted to criminal wrongdoing as part of that settlement and agreed to overhaul compliance protocols. In a tweet celebrating the SEC’s decision, Binance called it “a huge win,” adding, “Thank you to Chairman Atkins and the Trump team for pushing back against regulation by enforcement.” Huge win for crypto today. The SEC’s case against us is dismissed. Thank you to Chairman Atkins & the Trump team for pushing back against regulation by enforcement. U.S. innovation is back on track – and it’s just the beginning. — Binance (@binance) May 29, 2025 Thursday’s court filing also referenced the SEC’s newly formed crypto task force , which has recently engaged with industry stakeholders. The task force indicates a potential shift in the agency’s regulatory strategy under evolving political and administrative leadership, particularly in contrast to the aggressive enforcement style seen during former SEC Chair Gary Gensler’s tenure. While the SEC may be recalibrating its crypto policy direction, it remains unclear how this dismissal might influence other ongoing or future enforcement actions. For Binance and Zhao, however, the end of this legal chapter marks a significant win as they explore continued global regulatory challenges. Policy Reset: SEC Retreats from Enforcement-Led Crypto Regulation The SEC’s dismissal of its lawsuit against Binance is part of the shift in regulatory posture under the Trump administration, marked by a move away from aggressive enforcement and toward more structured policymaking in the crypto space. In recent months, the SEC has either settled or dropped multiple high-profile cases involving other major industry players. Coinbase , ConsenSys , and Kraken all reached settlements earlier this year. Investigations into Circle, Immutable, and others were quietly closed without further action. The SEC officially dropped its cases against Consensys, Kraken, and Cumberland DRW as the agency shifts its regulatory approach. #CryptoRegulation #CryptoPolicy #SEC https://t.co/pn7Utn0XLL — Cryptonews.com (@cryptonews) March 28, 2025 Lawsuits against Uniswap and OpenSea have also been withdrawn, significantly softening the agency’s stance. The post SEC and Binance Seek to Dismiss Legal Clash—Is the Crypto Industry’s Biggest Showdown Over? appeared first on Cryptonews .
XRP price started a fresh decline below the $2.280 zone. The price is now correcting losses and might aim for a move above the $2.250 resistance. XRP price started a fresh decline below the $2.280 zone. The price is now trading below $2.270 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it fails to clear the $2.2440 level. XRP Price Dips Further XRP price failed to clear the $0.3550 resistance and started a fresh decline, like Bitcoin and Ethereum . There was a move below the $0.3000 and $0.280 support levels. The price even dipped below the $0.220 support level. A low was formed at $0.2132 and the price is now consolidating losses. There was a minor move above the $0.220 level. The price cleared the 23.6% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2132 low. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.2440 level. It is near the 50% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2132 low. The first major resistance is near the $2.270 level. There is also a key bearish trend line forming with resistance at $2.270 on the hourly chart of the XRP/USD pair. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.350 resistance or even $2.3650 in the near term. The next major hurdle for the bulls might be $2.420. Another Drop? If XRP fails to clear the $2.270 resistance zone, it could start another decline. Initial support on the downside is near the $2.180 level. The next major support is near the $2.160 level. If there is a downside break and a close below the $2.160 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.080 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.180 and $2.160. Major Resistance Levels – $2.2440 and $2.270.