BTC Spot ETF Sees 531.8 Billion Won Net Inflow...Continuous for 9 Trading Days
According to Trader T, on May 27 (local time), the US Bitcoin spot ETF saw a net inflow of $387 million (531.8 billion won). This marks a continuous net inflow for 9 trading days. BlackRock IBIT saw a net inflow of $410.72 million, Grayscale BTC of $36.03 million, VanEck HODL of $7.77 million, Bitwise BITB of $1.79 million, and Valkyrie BRRR of $0.47 million. Fidelity FBTC saw a net outflow of $4.79 million, ARK Invest ARKB of $38.34 million, and Grayscale GBTC of $26.87 million. Other ETFs had no net inflow or outflow.
US Crypto Czar: "US Government Considering Additional Bitcoin Purchases...Possible Without Increasing Debt"
According to the Maeil Economic Daily, David Sachs, the White House Cryptocurrency and Artificial Intelligence (AI) Policy Chief (Crypto Czar), attended the 'Bitcoin 2025' event in Las Vegas on the 27th (local time) and stated, "The US government is exploring ways to purchase additional Bitcoin without increasing debt." He added, "If funds can be sourced from other policies with surplus money, additional Bitcoin purchases are possible. The government is currently investigating how to generate funds. The Strategic Reserve Executive Order uses the term 'budget neutral', so using this approach would make additional purchases possible."
US Senator: "Stablecoin Regulation Bill Entering Final Senate Review Stage"
Cynthia Lummis, a pro-cryptocurrency Republican Senator from Wyoming, said at the 2025 Bitcoin Conference that the US Stablecoin Regulation Bill GENIUS has entered the final Senate review stage. The bill has passed the pre-vote (cloture) stage for plenary session review on the 20th. If passed, it is expected to be the first bill to pass the Senate Banking Committee in 8 years. The GENIUS bill aims to require stablecoin issuers to obtain licenses, maintain 100% reserves, and fulfill disclosure obligations, drawing industry attention as a potential benchmark for US stablecoin regulation.
ETH Futures Open Interest Surges After Sharplink's Strategic Reserve Announcement
Cointelegraph reported that Ethereum (ETH) futures market activity significantly increased after Nasdaq-listed online tech company Sharplink Gaming announced its strategic Ethereum reserve plan. The open interest increased by $3.5 billion in a single day, reaching a record high of $36.1 billion. Crypto Quant contributor Maartunn noted that 10 leverage-based surge signals were detected in Ethereum since April 28, with 8 leading to pullbacks, 1 causing a short squeeze, and the rest showing neutral movement.
Starknet Launches USDC Based on BTC Runes
Ethereum Layer 2 Starknet (STRK) announced via its official X account the launch of a USDC Runes stablecoin based on Bitcoin Runes. Users can mint 1 USDC Runes per 1 USDC, backed by Starknet's USDC reserves. USDC Runes also support redemption through Starknet's Runes bridge. Starknet stated its plan to enhance USDC utility and scalability within the BTC ecosystem.
Metaplanet to Issue $50 Million General Bonds to Purchase More BTC
Japanese listed company Metaplanet, which has incorporated Bitcoin as a primary asset, announced via its official X account the issuance of a $50 million general bond to purchase additional BTC.
Bitcoin Smart Multisig Platform Asigna Raises $3 Million Investment
Asigna, a Bitcoin-based smart multisig wallet infrastructure project, raised $3 million in a seed round led by Hivemind Capital and Teke Block Ventures, as reported by GlobeNewswire. Participants included Sats Ventures, Trust Machines, and Bitcoin Frontier Fund. Specific investment use details were not disclosed.
Analysis: "NFT-Based Loan Market Can Recover by Linking with RWA"
Crypto asset data platform Dappradar suggested introducing Real World Asset (RWA) linked NFTs as a recovery condition for the NFT-based loan market. Dappradar reported that the NFT loan market has dramatically decreased by 97%, from about $1 billion in January 2024 to $50 million currently. Dappradar analyst Sara Gherghelas noted that the market needs catalysts like tokenized real estate, revenue-generating physical assets, AI-based risk matching, and undercollateralized loan models to exit "survival mode". She emphasized that the market is not over but transitioning to a utility and design-centered ecosystem.
Ripple Submits Additional Opinion to US SEC
Ripple submitted an additional opinion to the US Securities and Exchange Commission (SEC) regarding cryptocurrencies and investment contracts (securities). Ripple's Chief Legal Officer Stuart Alderoty shared via X that they are providing additional perspective on the separation point of cryptocurrencies and investment contracts, arguing that most fungible crypto assets lack legal grounds for being classified as securities in secondary trading due to the absence of investment contracts and key securities requirements.
US Cryptocurrency Advisory Chairman: "No Plans to Sell Government-Held BTC"
According to Bitcoin Magazine, Bo Hines, the chairman of the White House Presidential Cryptocurrency Advisory Committee, stated, "Bitcoin is an asset like gold. We will not sell any Bitcoin that the U.S. government may hold under any circumstances."
BlackRock Executive: "Bitcoin Has Much More Upside Potential Than Gold"
According to Bitcoin Magazine, Robert Michnick, BlackRock's Digital Assets Head, said at the Bitcoin 2025 Conference that "Bitcoin has much greater upside potential than gold".
KindlyMD Purchases 21 BTC
BusinessWire reported that healthcare and data company KindlyMD purchased a total of 21 BTC (worth $2.3 million). KindlyMD stated that it used part of the $8.74 million raised from a recent warrant exercise to purchase BTC.
Captor Capital Pursues BTC Financial Strategy
Canadian investment firm Captor Capital announced that it is pursuing a BTC financial strategy. Accordingly, Captor Capital has purchased BTC worth $500,000 for the first time. In the future, it plans to raise funds by issuing convertible bonds worth $450,000 to European institutional investors.
Trump's Eldest Son: "Introduced Father to BTC World with Eric Trump"
Donald Trump Jr., the eldest son of former U.S. President Donald Trump, said at the 2025 Bitcoin Conference in Las Vegas that he "introduced his father to the Bitcoin world with his brother Eric Trump". According to CoinDesk, he mentioned, "The Trump family has focused on physical assets, especially real estate, and thought BTC was too abstract. However, after entering politics, they experienced unilateral account closures and insurance cancellations by banks, which made them realize the vulnerabilities of the traditional financial system. My brother and I significantly influenced my father's changing stance on cryptocurrency".
OKX Global Chief Legal Officer Resigns, Accelerating Organizational Restructuring
CoinDesk reported that with the official resignation of OKX's Global Chief Legal Officer Melissa Mulpelt, the legal and compliance organization is being rapidly restructured. Mulpelt joined OKX's U.S. subsidiary as Deputy General Counsel in May 2022 and was promoted to Global Chief Legal Officer in August last year. After OKX reached a $500 million settlement with the U.S. Department of Justice in February, the exchange began replacing key legal and compliance personnel. Consequently, the existing Chief Legal Officer (CLO) and Compliance Officer were replaced, with Linda Lacewell, former head of the New York Financial Authority, selected as the new CLO.
Hyperliquid Whale Deposits $3.36 Million PEPE to Binance
OnChainLens reported that an address related to Hyperliquid whale James Wynn deposited 24 billion PEPE ($3.36 million) to Binance.
Sui Operating Bug Bounty Program
Sui announced via X that it is operating a bug bounty program offering up to $1 million for researchers and informants who discover vulnerabilities. Sui explained that rewards will be differentiated based on the validity and potential impact of vulnerabilities, and that security issues found in current Sui-based applications are not included in the bounty. While most Layer 1 bug bounty programs follow similar practices, Sui plans to expand the program by providing additional rewards to protocols with over $50 million in total locked value (TVL) in the next six months, aiming to encourage bounty hunters to identify code errors in large protocols like Sui-based DEX Cetus.
Inscovie and Parameta to Create Won-Based 'Stablecoin'
MoneyToday reported that KOSPI-listed Inscovie has signed a Memorandum of Understanding (MOU) with blockchain specialist Parameta (ICX, formerly ICON Loop) to launch a won-based stablecoin business, marking its full entry into virtual assets. Inscovie's CEO Yoo In-soo was previously appointed as Vice Chairman of the Digital Assets Committee under the Democratic Party's think tank, Muksanism Committee.
Bithumb Lists B3 in Won Market
Bithumb announced via its official website that it will list B3 in the won market on May 28 at 5 PM (scheduled).
Altcoin Season Index at 25, Unchanged from Previous Day
CoinMarketCap's 'Altcoin Season Index' remained at 25, the same as the previous day. The Altcoin Season Index is determined by comparing the price fluctuations of the top 100 coins (excluding stablecoins and wrapped coins) with Bitcoin. If 75% of the top 100 coins have a higher growth rate than Bitcoin over the past 90 days, it is considered an Altcoin Season; otherwise, a Bitcoin Season. The closer to 100, the more it is considered an Altcoin Season.
Analysis: "BTC Long-Term Holders Show Minimal Selling Pressure"
An analysis suggests that despite Bitcoin reaching new highs, long-term holders are still showing minimal selling activity. Jamie Coutts, an analyst at RealVision, explained on X that the current Long-Term Holder (LTH) SOPR (an on-chain indicator measuring whether holders are selling at a profit or loss) is at 2.1. This indicator was previously 17 in 2017, 8 in 2021, and 4.3 in Q1 2024 when BTC hit previous peaks. This means that despite recent new highs, long-term holders are still showing very little selling pressure.
Strathmore's Stock Price Rise Outperforms 74 Cryptocurrency ETFs Released This Year
Nate Geraci, CEO of U.S. ETF specialist ETF Store, reported that Strathmore's (formerly MicroStrategy) stock price rise is higher than the 74 cryptocurrency-related ETFs released this year. The 74 ETFs include Strathmore's 2x leveraged ETF product, MSTR ETF (MSTX).
Coin News Market Briefing on May 28th
As of 9 AM on May 28th, Bitcoin is trading at $108,938, down -0.47%. Among the TOP 100 coins by market capitalization, the TOP 3 24-hour gainers are CAKE (+15.14%), VIRTUAL (+14.72%), and INJ (+7.75%).
Crypto 'Fear and Greed Index' at 71... Maintaining Greed
The 'Fear and Greed Index' from cryptocurrency data provider Alternative dropped 3 points from the previous day to 71. While investor sentiment slightly deteriorated, it remains in the greed stage. The index indicates extreme market fear when closer to 0, and extreme optimism when closer to 100.
BTC Below $109,000
According to Coin News market monitoring, BTC has fallen below $109,000. On the Binance USDT market, BTC is trading at $108,970.
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