Solana staking protocol Fragmetric completes $7 million seed round

May 31 – Vietnam’s Ministry of Finance is proposing to expand access to financing for small and medium-sized enterprises (SMEs) by allowing them to use digital assets, virtual assets, intellectual property, and other types of assets as collateral for bank loans. The proposal is included in a draft amendment to the *Law on Support for Small and Medium-Sized Enterprises*, which is currently open for public comment. Under the new framework, businesses would be able to pledge digital assets, virtual assets, intangible assets, intellectual property, and even future assets (assets not yet formed) as loan security. Vietnam highlighted that SMEs and individual businesses make up more than 98% of the country’s total enterprises, yet their loan balances only account for roughly 20% of national bank credit – a gap the policy aims to narrow. Separately, Vietnam is ramping up regulation of its cryptocurrency sector. In March this year, the country opened an application process for local crypto e

On May 31, Michael van de Poppe, founder of MN Trading Capital, flagged Bitcoin is sitting at a critical juncture right now. If it can’t hold its price above the $70,000 support level, he forecasts a drop below $65,000. The $71,000 range is the most key support at the moment, van de Poppe stressed, and holding this zone would prevent a deeper market pullback. He also noted the current market structure is totally different from the February downturn, so he doesn’t expect Bitcoin to hit new lows this time around. For context, van de Poppe added that if the current support holds, Bitcoin could push past the $76,600 threshold—something that would trigger a strong rally in the altcoin market. Meanwhile, spot Bitcoin exchange-traded funds (ETFs) have seen net outflows for 10 straight trading days, with total outflows surpassing $2.97 billion since May 15. However, Santiment’s analysis suggests that ongoing ETF outflows may actually signal the market is nearing a temporary bottom.

May 31: BitMEX co-founder Arthur Hayes called out most of the top-ranked cryptocurrencies by market cap today as "shitcoins," claiming HYPE will surpass SOL before the current bull cycle wraps up. Per Coingecko data, HYPE currently holds a $15.04 billion market cap, while SOL stands at $47.73 billion—creating a roughly $32.69 billion gap between the two assets.

On May 31st, Cosmos ecosystem cross-chain bridge Gravity Bridge was reportedly targeted in a security breach stemming from a leaked signing key, resulting in the theft of approximately $5.4 million in crypto assets. The official Gravity Bridge team has confirmed the incident and has urgently suspended all bridge services to conduct a full investigation. They’ve also requested network validators to pause their validator nodes and coordinator operations. According to reports, the platform’s contract signing key may have been compromised. This follows an earlier report detailing the same attack, which saw roughly $5.4 million in crypto assets siphoned from the Gravity Bridge protocol.

May 31: Analyst Darkfost, citing data from CryptoQuant, reports Binance saw a roughly $1.2 billion net outflow of stablecoins in May—reversing the steady inflow trend of the past two months and signaling a continued weakening of liquidity across the crypto market. As the world’s largest cryptocurrency exchange, Binance’s stablecoin reserves have dropped from $51 billion in November 2025 to $44 billion. Darkfost adds that while Bitcoin has rallied since the start of the year, it hasn’t established a sustainable trend backed by consistent liquidity; the current rebound appears to be more of an oversold technical bounce rather than long-term, momentum-driven growth.

May 31. In response to insider trading allegations targeting heavily invested stock Sivers (SIVE), a Swedish prosecutor has recommended Nasdaq launch an investigation. Dubbed the "New Stock God," Serenity posted on X that Sivers (SIVE) should undergo a full transformation into a U.S.-based company, with a Nasdaq listing as the first step. The rationale for this move: Sivers already has a U.S. capital structure, high institutional ownership, and support from the CHIPS Act—factors Serenity said would unlock a higher valuation premium and potential merger opportunities. Negative reports from Swedish local media, alleged to be influenced by short sellers, are viewed as harmful to the development of AI photonics, he added. The U.S. market would provide stronger financing access, plus broader support from institutions, funds, and indices. Serenity also suggested Sivers retain its European business as a subsidiary, centrally managed by its upcoming U.S. parent. There are further hints that