Government Crypto Shifts & AI Convergence Dominate (2026-05-29)

The Bhutanese government transferred 90 BTC, with a cumulative transfer value of approximately $237.00 million this year.

According to Arkham monitoring, the Bhutanese government address transferred 90 BTC (approximately $7 million) to a Segwit address, which is independent of its 3-prefixed P2SH address used for holding its BTC. Arkham stated that such operations typically indicate asset transfers to external parties or preparations for sale.

So far this year, Bhutan has transferred approximately $237 million worth of BTC to multiple Segwit addresses and currently still holds approximately $233 million worth of BTC.

[Foresight News]

USDD has reached a strategic partnership with B.AI to jointly create a new AI autonomous economic ecosystem.

May 25th news, the decentralized stablecoin USDD announced today a deep strategic cooperation with the smart economy infrastructure platform B.AI. The two parties will integrate DeFi and AI to jointly build a value transmission system suitable for general AI. This cooperation marks a key breakthrough for USDD in the field of AI payment, and also officially kicks off the development of an AI autonomous economic ecosystem.

After the cooperation is implemented, USDD will become the core payment network of the B.AI platform. Relying on its advantages such as stability, on-chain transparency, and cross-chain efficiency, it will provide programmable on-chain settlement services for AI agents, making up for the shortcomings of traditional payment models.

With the joint efforts of both parties’ technology and ecosystem, the entire process of AI agent identity confirmation, autonomous transactions, and value settlement can be realized, effectively reducing the barriers to AI commercialization.

[PANews]

Binance Margin will delist trading pairs such as COW/USDC on May 29, 2026.

According to the official announcement, Binance Margin will remove the cross-margin trading pairs COW/USDC, SKL/USDC, and COTI/USDC, as well as the isolated-margin trading pair COW/USDC, on May 29, 2026, at 06:00 UTC.

Users must close their positions and withdraw assets before the deadline; the platform will automatically settle all positions and cancel all pending orders.

[Odaily]

Could BitMine’s Russell 1000 nod trigger an Ethereum treasury rally?

BitMine Immersion Technologies has appeared on the preliminary list for Russell 1000 inclusion. The move has drawn attention because BMNR is one of the largest public Ethereum treasury plays.

Fundstrat’s Tom Lee noted that FTSE Russell published its preliminary index additions and deletions on May 23. He added that BitMine’s market value was above the roughly $5.7 billion minimum for large-cap inclusion, with current market data placing BMNR’s market capitalization near $8.58 billion.

FTSE Russell started its June 2026 semi-annual Russell U.S. Indexes Reconstitution by publishing preliminary lists of companies expected to enter or exit the Russell 3000 and Russell Microcap indexes. The changes will take effect after U.S. markets close on June 26. LSEG data shows the smallest Russell 1000 company had a market capitalization of $5.7 billion as of April 30, 2026.

Lee explained that many active managers only buy stocks inside the Russell 1000, and passive index funds often hold an estimated 20% to 25% of a company’s market cap. Because funds that track Russell indexes may need to adjust holdings after the reconstitution becomes final, BMNR is a stock to watch through the final window.

The listing also brings attention to BitMine’s Ethereum-heavy balance sheet. Crypto Banter framed the setup as a possible “hated rally” trade because Ethereum sentiment remains weak, referring to a market where bearish sentiment is high but forced flows can support a rebound. BMNR is a major Ethereum treasury play holding over 5.28 million ETH.

BitMine added 71,672 ETH in one week, raising its holdings to 5.28 million ETH, which represented about 4.37% of Ethereum’s total supply at the time of the report. The company has also staked 4.71 million ETH, creating estimated annualized staking revenue of $289 million. The company has continued adding ETH even as the market has traded below stronger resistance levels.

Meanwhile, the Russell update comes as Ethereum faces pressure from weak price action, ETF outflows, and doubts around large ETH treasury positions, with ETH struggling to reclaim $2,150. However, Ethereum’s network activity remains part of the bullish case, as Arbitrum’s 2025 transparency report showed more than 2.1 billion cumulative transactions and nearly $10 billion in stablecoins.

Vitalik Buterin’s latest comments also added to the Ethereum treasury debate. Buterin stated that the Ethereum Foundation will sell less ETH and focus its resources on long-term survival, privacy, security, and protocol goals. Buterin also noted that the foundation holds only about 0.16% of ETH supply, while nearly 90% of his own net worth remains in ETH.

[Fundstrat]

Gate upgrades prediction market monitoring and Live features to track trending events and fund movements in real time.

May 25th, the crypto asset trading platform Gate.io has completed a new round of functional upgrades to its prediction market. This upgrade focuses on modules such as Polymarket monitoring, Live instant markets, and event comment sections, and simultaneously optimizes the market dynamics display capabilities to help users quickly identify popular events and key capital flows.

Gate.io now supports the Polymarket monitoring function, and users can directly follow smart money strategies through the “Leaderboard” or perform monitoring operations through designated wallet addresses. The platform currently supports copy trading based on “single position amount”, and will expand more monitoring methods in the future to improve the flexibility and efficiency of strategy replication and trading.

[PANews]

Qatari media: The Strait of Hormuz will be opened in phases

According to Al Jazeera on the 25th, Iranian officials stated that the Strait of Hormuz will be opened in phases.

[Odaily]

New York Lawsuit Seeks to Claim Ownership of 39,000 Dormant Bitcoin Addresses, Involving Satoshi Nakamoto’s Holdings

Plaintiff Noah Doe and two Wyoming-based limited liability companies filed a lawsuit in New York, USA, on May 1, seeking a court ruling affirming their ownership of 39,069 dormant Bitcoin addresses. They invoked New York’s abandoned property law, arguing that the Bitcoin held at these addresses constitutes “abandoned property” under the law.

The addresses in question include those beginning with “12c6D”—linked to Satoshi Nakamoto—and those beginning with “1Feex”—associated with the Mt. Gox hacker. According to an estimate by the founder of blockchain analytics platform Timechain Index, the listed addresses collectively hold approximately 3.7 million BTC, valued at roughly $285 billion.

However, Noveleader, Chief Research Analyst at investment research firm Castle Labs, pointed out that even if the court rules in favor of the plaintiffs, such a judgment would be purely symbolic: the Bitcoin network itself has no mechanism to reassign funds in the absence of private keys.

Additionally, the plaintiffs sent legal notices to P2PKH-format addresses, whereas the BTC in question is actually stored in P2PK scripts. The analyst deemed this step “structurally flawed,” potentially rendering the entire notice procedure invalid.

[Foresight News]

Bhutan Transfers 90 BTC to Segwit Address, Holdings Have Decreased by Approximately 10,000 BTC Since October 2024

On May 25, according to Arkham, Bhutan recently transferred another 90 BTC (approximately $7 million) to Segwit addresses, potentially indicating a transfer to or sale to a third party.

Arkham noted that since the beginning of this year, Bhutan has cumulatively transferred approximately $237.39 million worth of BTC from its custodial BTC addresses to Segwit addresses, and currently still holds approximately $233.18 million worth of BTC.

Additionally, on-chain data shows that Bhutan’s BTC holdings have decreased by approximately 10,000 BTC since peaking at around 13,390 BTC in October 2024.

[PANews]

Squid was attacked, and approximately $3.00 million was stolen from 86 Gnosis Safe accounts in about 2 hours.

According to Blockaid monitoring, the cross-chain routing protocol Squid is experiencing an ongoing attack on its SquidRouterModule across the Ethereum and Base networks.

Approximately 3 million USD has been stolen from 86 Gnosis Safe accounts within about 2 hours. All stolen tokens were exchanged for DAI through Uniswap V3 pools controlled by the attacker.

[Foresight News]

Virtus Investment’s ETF increases holdings of Strategy’s STRC to 402,880 shares, worth $40.00 million

InfraCap U.S. Preferred Stock ETF, part of Virtus Investment which manages $154 billion in assets, has increased its position in Bitcoin treasury company Strategy’s Stretch (STRC) to 402,880 shares, valued at $40 million.

[Odaily Planet Daily News]

TBC Georgia partners with Bybit to launch cryptocurrency trading functionality within the bank’s App

According to Finance Feeds, Georgia’s TBC Bank has launched cryptocurrency trading functionality within its digital banking app through a partnership with Bybit, becoming one of the region’s first major banks to directly integrate crypto trading into retail banking services.

Users can enable this feature directly within their existing banking app.

[Foresight News]

Binance Launches DYOR Research Tool, Supports On-Chain Data Query for Alpha Tokens

According to the official announcement, Binance has launched the DYOR Research Center, integrating on-chain data to provide transparent information for all users.

DYOR is now available for Binance Alpha tokens, allowing users to view market information, trading data, token unlocks, and project fundamentals on the spot trading page of the Binance app. Support will be gradually extended to more tokens in the future.

[ChainCatcher]

U.S. President Trump: The deal with Iran will be completely different from the failed JCPOA agreement of the Obama administration.

U.S. President Trump stated that an agreement with Iran would be completely different from the failed Joint Comprehensive Plan of Action (JCPOA) agreement negotiated by the Obama administration, which was a direct and open path to nuclear weapons for Iran.

I will not make such an agreement.

[Odaily]