Cryptocurrency market news

The crypto market is suffering from a liquidity drought even as global market conditions show signs of improvement elsewhere. The most evident signal of this drought is the $1.81 trillion in total market capitalization that has exited the market, dampening the overall outlook significantly.

Cryptocurrency exchange Binance has announced the delisting of several tokens from its Alpha platform. According to the company’s statement, the tokens DIGI, K, SKI, JOJO, PLAYSOLANA, PAL, TYCOON, HIPPO, LN, BNBXBT, and BOOM were removed from Binance Alpha listings on May 29, 2026, at 09:00 a.m.

OKX Ventures, the investment arm of crypto exchange OKX, will invest KRW 80 billion ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone, the companies announced Friday, marking one of the largest recent investments by a global crypto firm into Korea's digital asset sector.

On May 27, 2026, Kraken announced the launch of Kraken Prop. It is a proprietary trading program that allows users to trade cryptocurrencies using the company’s capital. Traders will be able to access accounts ranging from $5,000 to $200,000 after completing a special skills assessment stage.

The X Layer blockchain from crypto exchange OKX has introduced a major upgrade called Exchange OS, enabling developers and organizations to launch trading platforms within a shared infrastructure environment. Exchange OS allows ecosystem participants to build exchanges and trading venues using the same infrastructure as OKX, with throughput reaching up to 300,000 transactions per second.

Cryptocurrency exchange Binance has announced a partnership with BlockShoals Technologies as part of its preparations for an official entry into the Philippine market. For Binance, this marks the first public step toward returning to the country after restrictions imposed by local authorities.

U.S. Securities and Exchange Commission has paused progress on an initiative that could have allowed trading of tokenised stocks in the United States. The decision followed criticism from stock exchanges, which raised concerns about risks and unresolved issues related to launching such instruments.

For this new category of financial products, ICE will provide pricing data. According to the release, the contracts will initially cover only two products — WTI and Brent crude oil.

Iranian businessman Babak Zanjani transferred approximately $850 million to Iranian authorities through Binance over a two-year period. This was reported by The Wall Street Journal, citing company documents, law enforcement officials, and other sources. Binance stated that the transfers “have nothing to do” with the platform.

South Korean cryptocurrency exchange Bithumb has announced the listing of OpenGradient in the Korean won (KRW) trading market. According to the exchange’s statement, deposits and withdrawals for OpenGradient will begin within two hours of the announcement.

Binance is launching a new category of products — pre-IPO contracts. The first contract will be linked to SpaceX, the company expected to debut with a valuation of $2 trillion or more.

US cryptocurrency exchange Coinbase has announced the addition of MetaDAO (META) and Derive ($DRV) tokens to its official listing roadmap as part of its ongoing digital asset expansion plans.

Cryptocurrency exchange Kraken has laid off approximately 150 employees as artificial intelligence takes on a larger role in the company’s operational processes. The decision may also delay Kraken’s planned public market debut. According to Bloomberg, citing a source familiar with the matter, AI is now being used much more extensively within Kraken than before. However, the company currently does not plan additional rounds of layoffs.

South Korean cryptocurrency exchange Bithumb has announced the listing of the AI-focused blockchain project Gensyn on the Korean won market. According to the exchange’s statement, the token, previously traded on some platforms under the ticker “AIGENSYN,” will now trade under the symbol “AI” at the request of the project’s foundation.

Analytics platform CryptoQuant reported that large XRP investors have recently been actively withdrawing their assets from Binance. According to the data, approximately 403 million XRP have been withdrawn from Binance since May 3. It was noted that most of these transactions involved 1 million XRP or more, indicating that the data primarily reflects the behavior of large players and institutional investors.

Cryptocurrency exchange Gemini, founded by the Winklevoss brothers, reported a 42% increase in total revenue for Q1 2026, reaching $50.3 million.