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Black Thursday saw Bitcoin take a plunge, with Iran-U.S. Tensions Rising

1 hours ago

May 28 (HTX Market Data) – Early Thursday morning, Bitcoin led the cryptocurrency market into a sharp slump, hitting a fresh one-month low before paring those losses to trade at $74,453 as of this reporting period. Over a four-hour stretch, total crypto network liquidations reached $160 million, with long-position liquidations making up $151 million of that sum. On the breaking news front: An explosion occurred at Iran’s Abbas Port around 5 a.m. Beijing time Thursday, prompting Iran’s air defense system to activate for several minutes. Additionally, the U.S. military has confirmed it has deployed forces and is prepared to launch strikes on Cuba at any time. In U.S. stock market action, the three major indexes closed with modest gains, while tech sector performance was mixed: The Dow Jones Industrial Average rose 0.36%, the S&P 500 added 0.02%, and the Nasdaq Composite climbed 0.07%. Micron Technology (MU.O) jumped 3.63% to a new high, while Qualcomm (QCOM.O) plummeted over 6% and Intel (INTC.O) dropped 1.4%.
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The U.S. government has transferred the previously seized $1.9 million in cryptocurrency and 2,656,000 DAI to Coinbase.

On May 28, monitoring by Onchain Lens revealed that the U.S. government has transferred $1.9 million worth of cryptocurrency and 2.656 million DAI to Coinbase from assets previously seized from FTX and Alameda. The involved crypto assets include UNI, RNDR, SAND, MASK, AXS, and APE.

5 minutes ago

Asian Stock Markets Open Lower

May 28 — According to Bitget market data, the Nikkei 225 Index opened on Thursday, May 28, down 197.19 points, a 0.30% decrease, to 64,802.22 points. South Korea’s KOSPI Index opened the same Thursday, May 28, down 78.27 points, a 0.95% drop, to 8,150.43 points.

5 minutes ago

Trump Warns Ally Oman: Violating Rules Will Lead to Being Bombed

WASHINGTON, D.C. – May 28 (local Wednesday) – U.S. President Donald Trump commented Wednesday on a report suggesting Iran and Oman are jointly taking control of the Strait of Hormuz, dismissing any such arrangement and threatening military action against Oman if it moves forward. The Iranian government has proposed collaborating with Omani authorities to regulate and standardize maritime traffic in the strategic waterway between the two nations. Part of the plan includes establishing a joint fee system for maritime transit, a proposal the United States has rejected outright. Speaking to reporters after a Wednesday cabinet meeting, Trump stated emphatically: “No one can control the strait. The strait will be open to everyone.” He added that the U.S. will “closely monitor the situation” regarding the region. Trump also addressed Oman directly: “Oman will behave itself and act like other countries. Otherwise, we will have to bomb them.” The president claimed Oman is aware of that threat

5 minutes ago

Trump: No country can control the Strait of Hormuz, the US will conduct supervision

May 28 (Wednesday, local time) – U.S. President Donald Trump announced Wednesday that the Strait of Hormuz must stay open to all nations and not come under the control of any country, regardless of any agreements reached with Iran. Trump added in remarks: “We will police that region, but we’re not going to police it for any other country. That’s a tiny sliver—it’s not a large part of our thinking.” He did not specify what concrete measures the United States would take to ensure safe passage for vessels through the strategic waterway, leaving uncertainty about whether an immediate breakthrough could be achieved between Washington and Tehran. Earlier, both sides had signaled signs of progress in recent days, which had helped fuel cautious optimism in financial markets that a deal might be finalized. However, the status of the Strait of Hormuz remains a major sticking point in the ongoing negotiations. Trump also said the United States was “not thrilled” with the results of talks aimed

5 minutes ago

US Official: US Military Conducts Fresh Strike on Iran Military Base

May 28 — A U.S. official told Reuters that the U.S. military has launched a fresh strike on an Iranian military base deemed a threat to American forces and commercial navigation in the Strait of Hormuz. The service also intercepted and shot down multiple Iranian drones that posed a risk to U.S. troops and commercial maritime traffic.

5 minutes ago

An explosion occurred in Iran's Abbas Port, with the air defense system being activated within minutes

May 28 (Fars News) — Around 1:30 a.m. local time (5:00 a.m. Beijing time) on May 28, local residents in the southern Iranian port city of Abbas reported hearing an explosion, according to reports from Iran’s Fars News Agency. A source at the Abbas port stated that three or four distant blasts were heard, sounding similar to an explosion that occurred in the same direction several nights ago. Local air defense systems were activated for several minutes during the incident.

5 minutes ago

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