Paxos said it has received full SEC approval for Paxos Securities Settlement Company to operate as a registered clearing agency, enabling delivery-versus-payment clearing and same-day T+0 settlement for eligible U.S. equities. The firm framed the move as a shift that could put blockchain-based post-trade infrastructure in direct competition with incumbents such as the DTCC after a multi-year regulatory process.

Vaneck has rolled out the first U.S. spot BNB ETF, listing VBNB on Nasdaq on May 28 and opening regulated BNB exposure through standard brokerage accounts. The fund started with $1.02 million in net assets and holds BNB in cold storage with Anchorage Digital Bank as custodian. Vaneck said staking rewards are not included at launch but could be enabled later if legal and tax risks are manageable.

ICE CEO Jeff Sprecher said he has met several times over the past month with the Hyperliquid team to discuss possible business collaboration, and described the DEX as "bigger than Nasdaq." The remarks follow reported meetings by ICE and CME executives with CFTC officials in Washington raising concerns about Hyperliquid's offshore structure and its 24/7 oil perpetuals, which were said to average more than $1 billion in daily volume.

Sui’s mainnet stopped producing blocks for 5 hours and 55 minutes on May 29 after a bug introduced in the Sui 1.72 release triggered a network stall. During the interruption, DeFi activity effectively froze and SUI fell about 6.6% to $0.90 before recovering after service resumed. The core team said patches were deployed and that a full incident review will be shared in the coming days.

South Korean prosecutors say they have arrested and indicted five people in what they describe as the country’s first criminal case targeting a rug pull conducted on a decentralized exchange. Authorities allege the CATFI token scheme on a Solana-based DEX left 256 investors with about 900 million won (roughly $600,000) in losses, while organizers took around 400 million won in illicit profits.

On May 27, Nansen identified a "Smart Money" wallet holding 20x leveraged shorts worth $7.4M in bitcoin and $8.7M in ether on Hyperliquid, alongside leveraged longs in TradFi index perps. The same wallet is long $5.09M on XYZ100 (4x) and $3.46M on the S&P 500 (2x), with combined unrealized profit of about $1.35M. With 20x leverage, a 5% rise in BTC or ETH could put the $16.1M short legs at liquidation risk.

Ethereum co-founder Vitalik Buterin highlighted Kohaku's wallet feature that generates a new Ethereum address for each dapp a user connects to, arguing that relying on one global address is a privacy norm that needs to change. The approach aims to reduce onchain metadata linking across activities such as DEX use and lending, while Kohaku also advances privacy tooling through its v0.0.1-alpha.21 update that enables ERC-4337 relaying for Railgun transactions.

Two U.S.-listed spot ETFs tied to Hyperliquid's HYPE token—21Shares' THYP and Bitwise' BHYP—absorbed 1.04% of HYPE's market cap within their first 10 trading days and gathered $72.38M in total assets. On May 27, one newly created wallet withdrew 501,250 HYPE worth about $30.93M from Coinbase Prime, pointing to large-scale holdings moving off exchange.

On May 27, U.S. President Donald Trump appointed former Attorney General Pam Bondi to the Presidential Council of Advisors on Science and Technology (PCAST), a White House AI advisory body co-chaired by David Sacks. Bondi will join members including Jensen Huang, Mark Zuckerberg, and Larry Ellison, as the council’s recommendations may affect how regulators approach AI-enabled crypto products.