Binance will enforce stricter cryptocurrency transfer information requirements for Australian users starting on July 1st.

May 24 update: According to HyperInsight’s monitoring, the Ethereum whale dubbed "buddy" was partially liquidated in a long squeeze 17 hours ago—just before the broader crypto market staged a rebound. Shortly after that, they transferred $125,000 and continued adding to their Ethereum long position. As of press time, the whale holds 6,980.4181 ETH in a 25x leveraged long trade, valued at $14.79 million. Notably, Ethereum’s current price is only roughly 2% away from their liquidation threshold.

On May 24, on-chain sleuth ZachXBT revealed that two contracts linked to Euro stablecoin issuer StablR had been exploited, with potential losses exceeding $3 million.

May 24 — According to monitoring from on-chain analytics platform LookOnChain, trader Evaded (@ICanPlug) locked in a $320,000 loss when closing a Bitcoin short position. The trader still maintains a long position of 53,500 ZEC, currently valued at $34 million, and is carrying an unrealized loss of $763,000.

May 24: The Russian government has expanded the details cryptocurrency miners and mining infrastructure operators are required to submit to tax authorities. Under the new decree, national registration records for these entities will now include the network addresses of their ASIC mining equipment. Russia’s Ministry of Finance stated this measure will help streamline oversight of digital asset transactions, investigations into regulatory violations, and enable grid operators to monitor infrastructure loads in mining-heavy regions. Existing regulations already mandate that Russian miners regularly update information such as miner manufacturer, model, serial number, algorithm, hash rate, power consumption, operating mode, mined cryptocurrency, output, mining pool, and links to online statistics. (Bits Media)

On May 24, following multi-party confirmation of the U.S.-Iran Agreement, the cryptocurrency market posted a broad-based rally, with recent strong performers HYPE and privacy coins leading the rebound. Per HTX market data: HYPE is currently trading at $60.85, with a 6.24% gain over the past 24 hours. ONDO, which staged a sharp rebound after a pullback on Friday, is priced at $0.43, marking a 13.8% increase in the last day. In the privacy coin sector, ZEC is at $637.19, up 8.5% in 24 hours. NEAR is trading at $2.37, with a 14% 24-hour gain, while Dogecoin is at $46.05, posting a 6% rise over the past day.

On May 24, Fenwick & West—former legal counsel to FTX—agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in fraud. Separately, auditor Prager Metis and former Miami Heat forward Udonis Haslem will pay $11.75 million and $420,000 respectively as part of related settlement deals.