COINOTAG News, May 30th. Recent updates reveal that the inaugural minting phase of the F1 Red Bull Racing Team’s co-branded digital collectibles series, IN THE MOMENT, has successfully wrapped up.
Crypto-fueled chaos strikes again as a Russian couple is rescued from a Buenos Aires kidnapping tied to a digital ransom, sparking a global manhunt. Russian Couple Abducted in Crypto Sting—Kidnappers Flee to UAE A Russian couple has been rescued in Buenos Aires after reportedly being kidnapped and released following a $43,000 ransom paid in cryptocurrency.
COINOTAG News reported on May 30th that Cooking.City, a notable player in the Solana ecosystem, has successfully raised $7 million in a financing round spearheaded by Jump Crypto. Other participants
Key Takeaways: U.S. Representative French Hill has introduced the Digital Asset Market Clarity Act of 2025, backed by bipartisan support. The Act proposes comprehensive registration regimes to allow digital asset firms to operate legally within the U.S. market. Lawmakers emphasize the bill’s focus on consumer protection, innovation, and institutional clarity for investors and entrepreneurs. A long-awaited effort to bring order to the murky world of U.S. crypto regulation advanced on Thursday as Representative French Hill introduced the Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act. The bill arrives with bipartisan support, including three Democratic co-sponsors, and seeks to finally resolve the jurisdictional tug-of-war between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The New Bipartisan Crypto Bill Seeks to End SEC-CFTC Turf War The 236-page bill is a successor to last year’s FIT21 legislation. While stablecoin regulation still leads the race to become the first comprehensive crypto law in the U.S., the CLARITY Act represents a major step forward in shaping broader crypto market structure rules. At its core, the bill gives the CFTC exclusive jurisdiction over digital commodity spot markets. These would be governed by new entities registered with the agency. Source: US Congress Crypto platforms would have the option to register with either the CFTC or the SEC, depending on whether they handle digital commodities like Bitcoin or securities, or both. “Our bill brings long-overdue clarity to the digital asset ecosystem and prioritizes consumer protection and American innovation,” said Representative Hill. “It builds off our work in the 118th Congress.” The legislation introduces comprehensive registration regimes, allowing crypto firms to legally operate in the U.S. It also lays out disclosure and compliance requirements for developers and intermediaries. These include detailed project disclosures, segregation of customer funds, and conflict-of-interest mitigation. “The CLARITY Act will deliver clear rules of the road that entrepreneurs, investors, and consumers deserve,” said Representative Ritchie Torres, one of the bill’s backers. Representative Dusty Johnson, who leads the agriculture subcommittee on digital assets, added: “America should be the global leader in the digital assets marketplace, but we can’t do that without establishing a clear regulatory framework.” U.S. Lawmakers Push Crypto Reform Bill Clarifying Custody, Stablecoin, and DeFi Oversight The bill covers long-disputed areas, including the regulation of custodians and decentralized finance (DeFi). It rejects the SEC’s prior attempt to require custody firms to hold customer assets on their own balance sheets. Instead, it sets a standard for “qualified digital asset custodians,” which would be defined by the CFTC based on federal, state, or foreign oversight. NEW: Chairman @RepFrenchHill today introduced the CLARITY Act, a bipartisan bill which would establish a regulatory framework for digital assets in the US. Read more https://t.co/fV7N7aXAdb pic.twitter.com/5ZIpFTcDDD — Financial Services GOP (@FinancialCmte) May 29, 2025 Some issues, like DeFi and NFTs, are deferred. The legislation tasks the SEC, CFTC, and the Treasury Department with studying these sectors and reporting back within a year. The Government Accountability Office is also directed to prepare reports on DeFi and NFTs. The bill explicitly exempts some decentralized wallet providers and DeFi platforms from SEC oversight. It also clarifies that payment stablecoins are not securities, placing regulatory authority with whichever agency already oversees the firm engaged in the activity. All told, the CLARITY Act sets a tight one-year timeline for regulators to write and implement the rules if the bill becomes law. That schedule is viewed by some as ambitious, especially given the complexities of financial regulation. Some provisions in the Dodd-Frank Act, passed in 2010, are still not finalized. NEW: US Digital Asset Market Structure bill, the CLARITY Act: 1. Clarifies CFTC vs. SEC (defining commodities & securities). 2. Unified federal licensing and registration regime. 3. Stablecoin and DeFI carve-outs. https://t.co/ZTosDCUudA pic.twitter.com/OTShEAebrn — Bitcoin Laws (@Bitcoin_Laws) May 29, 2025 Whether the House and Senate will align on crypto regulation is still unclear. The Senate is expected to resume debate next week on its stablecoin bill , which has made procedural progress but faces partisan concerns . Some lawmakers have floated the idea of combining the stablecoin and market structure bills , though such a move could complicate passage. President Donald Trump has pushed for both bills to reach his desk by the August congressional recess, but crypto insiders in Washington view that timeline as unlikely. For now, the bipartisan CLARITY Act gives lawmakers and regulators a new framework to work with and puts renewed pressure on Congress to end the longstanding confusion over crypto regulation in the United States. The post Bipartisan “CLARITY Act of 2025” Unveiled—Will It Finally End Crypto Regulatory Chaos Between the SEC and the CFTC? appeared first on Cryptonews .
In a compelling address at the Bitcoin 2025 conference held in Las Vegas, Strategy founder Michael Saylor emphasized the transformative potential of Bitcoin. Saylor highlighted his “21 ways to wealth,”
Solana Foundation, Jupiter, AIX, and Interbix signed an MoU yesterday to explore dual listing mechanisms and support companies seeking to pursue IPOs. The MoU outlined a framework for collaboration to assess if companies could list their securities on AIX and offer a tokenized listing on Interbix powered by the Solana blockchain and Jupiter. According to Astana International Exchange (AIX) CEO Assel Mukazhanova, the partnership will unlock new efficiencies, increase access to capital markets, and give companies and investors the best traditional and digital asset ecosystems. The MoU aims to explore dual listing mechanisms and blockchain integration The parties involved in the MoU committed to work together to explore the technical and commercial aspects of the mechanism. The parties demonstrated a shared vision to create a robust, transparent, secure dual listing framework. “This agreement marks a significant step toward the convergence of conventional capital markets and next generation blockchain based platforms. By joining forces, we are shaping an environment where innovation and trust go hand in hand.” – Assel Mukazhanova , CEO of AIX Jupiter said implementing the dual listing mechanism would begin a better approach to IPOs. Companies would be set to go public on AIX, Kazakhstan’s stock exchange platform while issuing tokenized versions of their assets through Interbix. The assets would be managed by Solana’s blockchain technology and Jupiter’s robust decentralized set of financial tools. Solana Foundation revealed that the MoU blended the credibility and reach of regulated public markets with the transparency and efficiency of blockchain networks. According to the company, the hybrid model would attract a wide range of investors, align capital markets operations, and create better access to liquidity, all with a secure and compliant framework. Talgat Dossanov, CEO of Interbix, commented that the MoU marked a transformative step for Kazakhstan and global markets. He added that the company is committed to bridging the gap between traditional finance and blockchain innovation. He continued to say that enabling tokenized listing alongside conventional IPOs lays the foundation for a new era of capital formation. Solana Foundation reveals a hybrid model with AIX, Jupiter, and Interbex at the Solana Economic Zone event The event , which was hosted by Forma, took place yesterday at the Solana Economic Zone. It aimed to showcase Kazakhstan’s growing status as a hub for blockchain innovation. Astana International Financial Centre (AIFC), which has over 3,800 registered global companies, reiterated the partnership’s role as a bridge between traditional finance and the emerging world of blockchain-enabled capital markets. “ Capital markets are moving online beyond the borders of any country or exchange. We’re proud to collaborate with AIX to create a regulatory framework that supports next generation IPO paths, including dual listings and other internet native methods.” -Akshay BD, non-CMO of Solana Foundation Kash Dhanda, Jupiter’s COO, noted that Kazakhstan’s leadership signaled a future of capital formation with on-chain transparency and interoperability. He added that Jupiter is committed to collaborating closely to define compliant and scalable frameworks for decentralized finance. Solana token SOL is currently trading at $163.64, down by 5.24% today, while Jupiter token JUP is trading at $0.5715, down by 5.33% today. Jupiter, the leading decentralized exchange aggregator on the Solana blockchain, recently revealed a new lending protocol at the Solana Accelerate conference. According to Jupiter, the feature will be powered by partnering with Fluid, an Ethereum liquidity layer. The Jupiter project distributed 700 million tokens worth about $580 million to users, stakers, and contributors based on trading activities after airdropping nearly 1 billion JUP tokens in 2023. Solana Foundation recently announced another MoU with Superstate technology company, focusing on modernizing capital markets via blockchain infrastructure. Superstate was set to act as the primary agent for SOL strategies by providing the platform and infrastructure to issue tokens that represent Solana’s common stock. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Silk Road founder Ross Ulbricht, now a free man, emphasizes the significance of unity within the crypto community during his poignant address at Bitcoin 2025. A decade after his imprisonment,
Ulbricht called for unity in the crypto community saying its now more "important than ever to stay true to our principles."
The post Why Is Crypto Going Down Today? appeared first on Coinpedia Fintech News After a strong rally, the crypto market is finally cooling down. In the last 24 hours, the market cap has slipped by 2.43%, now standing at $3.35 trillion. At the same time, trading activity picked up, with volumes jumping to $184.7 billion as traders rushed to react to the latest market moves. Possible Reasons Behind The Dip Today Macroeconomic Factors: On the macro side, the market sentiment was hit after a second US court blocked President Trump’s proposed tariffs. In addition, Treasury Secretary Bessent confirmed that trade talks with China have stalled — adding uncertainty to global markets, including crypto. Fear & Greed Index Signals ‘Greed’ at 61: The crypto Fear & Greed Index remains at 61 (Greed). Historically, markets tend to cool down after extended periods of greed-driven rallies, and today’s decline fits that pattern. Bitcoin’s Short-Term Weakness: Bitcoin, the market leader, has dipped to a nine-day low of $105,730. Analysts said that Bitcoin is currently flashing short-term warning signals as it liquidates long positions. The market is cooling off after weeks of upward momentum, and technical indicators like the Super Trend remain green but are starting to slow in bullish momentum. Ethereum Rejected at Resistance: Ethereum faced rejection from a major resistance zone once again, pulling its price down by over 3.6% in the past 24 hours to trade around $2,609. A slowing MACD on the 3-day timeframe also hints at weakening bullish momentum, raising concerns of a possible bearish crossover in the coming weeks. Altcoins Slip Into The Red Zone Solana (SOL) dropped by 4.79%, while Cardano (ADA) slipped 5.73%. Dogecoin (DOGE) also took a hit, falling 6.76%. BNB was down by 2.47%, and XRP declined by 3.37%. Even newer coins like Sui (SUI) weren’t spared, with a 4.06% dip. Stablecoins like USDT and USDC stayed mostly flat, as expected.
On May 30, COINOTAG News reported that a notable cryptocurrency whale, identified as @ai_9684xtpa, executed a significant liquidation of his Ethereum (ETH) holdings, totaling a loss of approximately $105,000. This