French Regulatory Authority Warns: Unlicensed Cryptocurrency Companies Will Face Prosecution

On May 28, on-chain analytics provider Glassnode released new data showing Bitcoin’s 7-day moving average (MA) spot trading volume delta has fallen back into a sustained negative territory. As Bitcoin’s price dipped to roughly $73,000, selling pressure in the market accelerated significantly: sellers have taken control of the spot market, and pressure from distributing existing Bitcoin holdings continues to build. Following a recent pullback from above $80,000 to around $75,000, Bitcoin’s spot demand, Bitcoin spot ETF inflows, and volatility expectations have all remained weak. While the market’s positioning has adjusted somewhat, investor confidence stays low overall, with most market participants maintaining a cautious outlook.

May 28 — According to Bitget market data, 25-year-old Wall Street AI stock guru Leopold Aschenbrenner had instant noodles for breakfast today and witnessed a broad decline across his investment positions. The performance of his key holdings is as follows: - Sandisk (SNDK): down 0.6% - IREN: down 4.6% - CleanSpark (CLSK): down 2.7% - RIOT: up 1.4% - CORZ: down 0.12% - CRWV: down 0.1% Additionally, his newly opened positions in Q1 posted losses: TE fell 2.37% while HIVE dropped 2.69%.

May 28 — U.S. Treasury Department officials appointed by the Trump administration are actively advancing plans to print $250 bills featuring Donald Trump’s portrait. The proposal would mark the first time in more than 150 years that a living person’s face appears on U.S. circulating currency. Last August, Treasury officials provided the Bureau of Engraving and Printing (BEP) with design mockups that included Trump’s likeness and signature. The BEP’s director, who oversees banknote production operations, was reassigned last month after opposing the plan. In her resignation message, she wrote, “The buck stopped here.” If the move is finalized, it would break a long-standing American tradition of not placing portraits of living people on circulating currency. Trump administration-appointed officials continue to pressure the BEP to move forward with the highly symbolic banknote design.

On May 28, AI financial data infrastructure firm Daloopa announced it has closed a $47 million Series C funding round, per MarketWatch. The round was led by Brighton Park Capital, with participation from Squarepoint Capital, Touring Capital, and Nexus Venture Partners. The funding will accelerate platform expansion and grow Daloopa’s teams across engineering, product, and marketing. The company delivers structured, auditable financial data to financial institutions, and has extended its data access via integrations with tools including OpenAI ChatGPT, Anthropic Claude, Perplexity, and Rogo’s MCP. It offers APIs, cloud-based delivery, and partner APIs to enable third-party developers to embed its high-quality financial data into their own products.

May 28, per Bitget market data, the U.S. stock market opened with mixed performance: the Dow Jones Industrial Average dipped 0.06%, the S&P 500 declined 0.47%, and the Nasdaq edged up 0.04%. HP Inc. (HPQ.N) jumped over 3% after its second-quarter earnings exceeded analysts’ expectations, with Bank of America Global Research lifting HP’s price target from $16 to $18. Additionally, several investment banks have been intensively hiking price targets for tech stocks—Mizuho holds a particularly bullish outlook on the semiconductor sector, as detailed here: https://www.theblockbeats.info/flash/348269. U.S. cryptocurrency-linked stocks saw broad declines, with: MicroStrategy (MSTR) plunging 5.77%, Coinbase (COIN) dropping 1.87%, Circle (CRCL) falling 3.2%, and BitMine Immersion (BMNR) declining 4.5%. In the U.S. semiconductor and storage sector, results were mixed: NVIDIA (NVDA) fell 0.07%, Intel (INTC) rose 0.34%, AMD (AMD) gained 1.52%, Broadcom (AVGO) slipped 1.1%, Qualcomm (QCOM) droppe

On May 28, per OnchainLens monitoring, an Ethereum ICO whale deposited 1,600 ETH into crypto exchange Kraken, valued at $3.18 million. The whale still holds the remaining 400 ETH, worth $792,000 as of now. Prior to this deposit, the whale spent just $622 to acquire 2,000 ETH, which is now worth $3.96 million, marking a staggering 6,373x return on investment.