The U.S. Securities and Exchange Commission has registered Paxos Securities Settlement Company (@Paxos) as a clearing agency under Section 17A, making it the only blockchain-native firm authorized to operate as a central securities depository in the United States. CEO Charles Cascarilla (@chadcascarilla) said the approval follows seven years of work, starting with a 2019 no-action letter and a live U.S. equities settlement pilot that has been running since 2020. The pilot cleared and settled real equities on a daily basis with major financial institutions, which helped support the application. The SEC's (@SECGov) order grants the registration on a temporary basis, a common step as the agency develops a framework for blockchain-based settlement. The decision places a blockchain-built firm at the heart of U.S. securities settlement operations.

UPDATE: The Sui mainnet has returned to normal operations after validators implemented a long-term fix for the bug that triggered network halts tied to the 1.72 release.

Blockchain data shows a transfer of 918 BTC (67,870,155 USD) from Coinbase Institutional to a newly created wallet with no known owner.

May 28, 2026 — Sui's mainnet suffered another network outage, halting block production and preventing transactions from being processed across the ecosystem. The disruption lasted roughly six hours before validators rolled out a fix and operations resumed. According to reports and Sui Status updates, the chain entered a "Major Outage" state, with instability persisting into May 29 as the team continued investigating issues tied to mainnet settlement. Traders reacted quickly, sending the SUI token down as much as 8%. The incident was traced to a crash bug in gas-charging logic introduced with the recent 1.72 software release. Under certain transaction conditions, the affected code path caused validator crashes, breaking consensus and stalling the chain. It marks Sui's second major stall of 2026. The network was deliberately paused on Jan. 14 following a consensus-related issue. In both cases, the problems were linked to software-upgrade bugs, and there was no reported loss of, or risk to, user funds. The outages highlight a broader reliability challenge for high-speed Layer 1 blockchains as they scale. Similar operational strains have surfaced elsewhere, including transaction delays on Base, Coinbase's Ethereum layer-2 network, on Feb. 1 during a surge in activity. As Layer 1 networks compete on throughput and low fees to serve DeFi, gaming, and stablecoin use cases, repeated halts are renewing questions about long-term stability. Market participants are expected to place greater emphasis on demonstrated uptime, while developers may diversify deployments across chains and build dApps designed to handle temporary interruptions. Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice. Coin Edition is not responsible for any losses resulting from the use of content, products, or services mentioned. Readers should exercise caution before taking any action related to the company.

Odaily Planet Daily reports that U.S. SEC Chairman Paul S. Atkins said at the 2026 Reagan National Economic Forum that the agency is pursuing a "New Era of the SEC" agenda, centered on updating digital-asset oversight, fostering onchain capital markets, and positioning the United States as the "global crypto hub." Atkins faulted the SEC's prior "regulatory hostility" toward the digital-asset sector, arguing it pushed a significant share of crypto innovation offshore. He said the SEC, backed by the Trump administration, has launched "Project Crypto" with the U.S. Commodity Futures Trading Commission to develop onchain market infrastructure and align crypto regulation. He added that the SEC has recently clarified which digital assets are securities and which are not. The agency is also working on new exemptions aimed at tokenized listed securities, while assessing how onchain trading systems can be accommodated within existing regulatory frameworks. Atkins also said the SEC plans to curb "overdisclosure" and reduce regulatory burdens. He outlined reforms to "Make IPOs Great Again," including lowering compliance costs for public companies and expanding flexibility for IPOs, and noted the SEC has formally proposed rescinding climate disclosure rules adopted under the previous administration. Atkins said the next phase of U.S. capital markets should rest on free markets and innovation-led growth, with regulators providing clear rules and legal certainty rather than constraining technological progress.

XRP-linked ETF products attracted $1.77 million of net inflows on the latest day, bringing total net assets to about $1.12 billion, even as broader crypto investment products continued to bleed capital. The contrast stands out because larger categories moved in the opposite direction. Data cited from SoSoValue shows Bitcoin spot ETFs posted $228 million in outflows, while Ethereum products saw $121 million withdrawn. In dollar terms, XRP's intake is modest, but the direction suggests investors are not reducing all crypto exposure uniformly. That relative strength in fund flows has yet to translate into a healthier price structure. XRP was up about 2% on the day, but the rebound hasn't undone recent downside pressure. The token has fallen below its 100-day moving average, with that level now acting as resistance around $1.40. Traders are also watching the 200-day moving average near $1.60 as a higher hurdle on any recovery. On the downside, $1.20 has become the key support area after XRP slid toward its weakest levels since March. A break below $1.20 could increase downside risk toward the $0.60 region. For now, markets are weighing whether steady ETF demand can help XRP reclaim $1.40 and stabilize sentiment amid cautious liquidity and uneven follow-through across altcoins.

CME Group plans to extend trading hours for its regulated cryptocurrency futures and options to nearly continuous trading, a shift that could diminish the significance of the long-followed "CME gap" on bitcoin charts. Starting May 29, pending regulatory review, CME will offer 24/7 access to crypto futures and options via Globex and ClearPort. The exchange said the change is designed to let clients manage exposures at any time within a regulated marketplace. Under the new setup, trades executed from Friday evening through Sunday evening will be assigned the next business day's trade date. Clearing, settlement and regulatory reporting for those trades will also be handled on the following business day. Why the "CME gap" matters to traders The classic CME gap emerged because CME's bitcoin futures historically paused over the weekend while spot bitcoin kept trading. Large moves between Friday's close and Monday's reopen often left a visible gap on the futures chart, which many traders used as a technical reference. A March 2025 CoinDesk Research note found 79 of the prior 80 CME bitcoin gaps were filled, implying a 98.75% fill rate for that sample. Other broader analyses have estimated a longer-term fill rate around 70% to 80%. CME gap dynamics were not a "mystical" price force, but a market-structure effect: when a major regulated derivatives venue is offline while global spot markets continue price discovery, the reopening can drive convergence between futures, spot and basis trading, making the gap appear "magnetic." Operating schedule and maintenance pauses CME will still run short maintenance windows, including a two-minute daily pause from 4:00–4:02 p.m. CT Monday through Friday, and a two-hour window on Saturdays from 2:00–4:00 a.m. CT. These brief pauses could create minor chart discontinuities, but they are not expected to produce the multi-day weekend gaps that traders have historically tracked. What it means for the market The change is primarily structural rather than a direct bullish or bearish signal for bitcoin. A widely watched technical feature may lose relevance, and strategies built around weekend gap behavior may need to adjust. CME also framed the move as a response to institutional demand. The exchange said client appetite for digital-asset risk management is at an "all-time high," citing a record $3 trillion in notional volume across its crypto futures and options in 2025. CME reported 2026 year-to-date average daily volume of 407,200 contracts, up 46% year over year, and average daily open interest of 335,400 contracts, up 7%. Bitcoin was trading at $72,844 at press time. Bottom line By moving to near round-the-clock trading, CME is bringing regulated crypto derivatives closer to the always-on rhythm of spot markets, reshaping a long-standing technical reference point and underscoring growing institutional demand for crypto risk management.

Argentina's Ministry of Health has submitted a draft law to Congress that would block banks, payment companies and "virtual asset providers" from providing services to illegal online gambling sites. The Bill for the Prevention of Gambling and Regulation of Online Gambling seeks to tighten oversight of online betting, address gambling addiction and strengthen protections for minors. The proposal would enlist multiple agencies to target unlicensed operators, including the central bank, the securities regulator, the communications authority and the national domain registry. In a provision with direct implications for the crypto sector, the text explicitly includes "virtual asset providers," stating that financial institutions, payment service providers and virtual asset providers would be prohibited from serving unauthorized gambling operators. If enacted, the language would bring exchanges, fiat on-ramps and crypto payment processors under Argentina's payment-control regime. Firms facilitating deposits, withdrawals or payments linked to betting sites could face tougher compliance requirements. The bill is also aimed at offshore platforms that continue to reach Argentine users by relying on digital-asset payment channels when local rails are blocked. The initiative follows a March court order in Buenos Aires that blocked prediction market Polymarket nationwide, citing operation outside local gambling rules and concerns around crypto payments, identity verification and youth access. Similar steps have been taken in other jurisdictions, including Spain's blocks on Polymarket and Kalshi over licensing issues, and India's restrictions on crypto-based prediction markets on gambling grounds. Beyond restricting financial access, the bill would increase criminal penalties and tighten advertising rules. It proposes amendments to the Penal Code that would impose three to six years in prison for those who run or organize unauthorized betting systems, and two to four years for individuals who provide essential financial, digital, advertising or technology services to illegal operators. Media organizations, influencers, agencies and digital platforms would be required to confirm that gambling operators have official authorization before promoting them. The measure still requires congressional approval. If passed, it would broaden the tools available to Argentine authorities to cut illegal gambling sites off from both traditional payment networks and crypto infrastructure, and reinforce a wider regulatory push to treat event-based, money-at-stake prediction platforms as gambling services. Crypto firms and payment processors operating in Argentina may need to prepare for tighter KYC, screening and blocking obligations if the bill becomes law.

Blockchain data shows 141,505,009 USDT, worth USD 141,301,949, was transferred from Bitfinex to the Tether Treasury.