Crypto Market Digest: Profit-Taking Amid Tokenization Boom (2026-05-26)

An early Ethereum participant deposited 2,500 ETH to Kraken.

PANews May 26th, an early Ethereum ICO participant deposited 2,500 ETH to the exchange Kraken, worth approximately $5.32 million at the current price.

[Onchain Lens]

The EU plans to impose an antitrust fine of hundreds of millions of euros on Google.

May 26th news, according to Reuters, citing the German “Handelsblatt” report, the EU is planning to fine Google’s parent company Alphabet hundreds of millions of euros in response to its alleged violation of the Digital Markets Act (DMA). Sources said that the relevant decision is nearing completion and is expected to be announced before the summer recess, which may become the largest fine imposed by the EU under the DMA.

The investigation was officially launched in March 2025, focusing on whether Google prioritizes its own services in search results, thereby harming fair market competition. The European Commission stated that its primary goal is to ensure corporate compliance rather than simply imposing penalties, but if the rectification plan fails to meet regulatory requirements, it will continue to advance enforcement procedures.

Google responded that the adjustments made to search products in accordance with DMA requirements have had a significant impact on user experience and hopes to reach a solution with regulators.

[PANews]

XBIT DEX Opens Prediction Leverage Whitelist Application, Simultaneously Launching 30,000 USDC Trading Activity

XBIT DEX Prediction Platform officially opens the whitelist application channel for Prediction Leverage. Users who sign up and meet the criteria will unlock eligibility—spots are limited and allocated on a first-come, first-served basis. The Prediction Leverage feature is scheduled to launch platform-wide before June 11.

Concurrently, XBIT launches a whitelist trading campaign from May 26 to June 10, with a total prize pool of 30,000 USDC. Users can earn rewards through trading, inviting friends, and climbing the leaderboard.

[Odaily]

Iranian media: Iran insists on immediate access to half of its frozen funds upon the initial announcement of the agreement.

According to Iran’s Tasnim News Agency, citing sources close to the negotiating team, Iran is negotiating with the United States based on a proposed 14-point memorandum of understanding, demanding the release of its $24.00B in frozen funds. Iran insists that half of the funds must be available upon announcement of the agreement, with the remainder transferred within 60 days.

The source said that Iranian Parliament Speaker Qalibaf’s visit to Qatar was to reach a consensus on how Iran would obtain the first $12.00B in funds and eliminate transfer obstacles, while avoiding the problems encountered in previous agreements involving Iranian funds in South Korea and Qatar.

Sources told Tasnim that the talks in Doha were “generally good” and advanced broader negotiations with the U.S. side, but cautioned that Iran still views the U.S. as an “untrustworthy party.”

[Odaily]

Brother Maji has again increased his long position on ETH by 25x, with a position value of $14.48 million.

Hyperbot data shows that Machi Big Brother has increased his ETH long position by more than 25x. The current position is worth $14.48M, with an opening price of $2,104.86 and a liquidation price of $2,084.43.

Currently, his account continues to increase its ETH long positions.

[Odaily]

Bybit will list QCOM and NBIS perpetual contracts today.

Bybit has added Qualcomm (QCOMUSDT) and Nebius Group (NBISUSDT) perpetual contracts today, with up to 10x leverage. Qualcomm is a global leader in mobile chips, and Nebius focuses on AI infrastructure and cloud computing.

Enjoy limited-time fee discounts during the launch period: Maker fee rate is 0%, and Taker fee rate is 50% off.

[Foresight News]

Crypto concept stocks rose broadly in pre-market trading in the U.S. stock market, with MSTR up 2.26%.

According to MSX.COM data, crypto concept stocks rose broadly in pre-market trading in the US stock market. CRCL rose by 0.57%, COIN rose by 1.36%, MSTR rose by 2.26%, SBET rose by 2.09%, and HOOD rose by 1.81%.

It is reported that msx.com is a decentralized RWA trading platform that has launched hundreds of RWA tokens, covering US stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

[Odaily]

Robinhood set to close WonderFi deal after Canadian regulatory approval

Robinhood has secured final Canadian regulatory approval for its planned acquisition of WonderFi, allowing the C$250 million deal to move toward a June 1 closing date. According to WonderFi’s press release issued on Monday, the Canadian Investment Regulatory Organization approved WonderFi subsidiary Coinsquare Capital Markets on May 20, completing the last remaining condition tied to the acquisition.

Toronto-based WonderFi operates several regulated crypto businesses in Canada, including Bitbuy, Coinsquare, and Bitcoin.ca. Once the transaction closes, Robinhood will gain access to a regulated crypto trading network already established in the Canadian market. $HOOD acquisition of WonderFi Technologies has received regulatory approval in Canada. WonderFi operates Bitbuy and Coinsquare with ~$1.5B in AUC giving Robinhood a larger crypto footprint in one of the world’s fastest-growing digital asset markets.

Back in May 2025, Robinhood announced plans to acquire WonderFi as part of its international crypto expansion strategy. Analysts covering the deal at the time said the acquisition could add as much as 10% to Robinhood’s revenue. Although both firms had initially expected the transaction to close during the second half of 2025, the deadline was later extended. WonderFi said the additional time allowed Robinhood to complete regulatory approvals and prepare its own trading technology for deployment in Canada.

Earlier steps in the approval process had already been completed months before the latest regulatory clearance. WonderFi shareholders voted in favor of the arrangement during a special meeting held in July 2025, while the Supreme Court of British Columbia issued its final court order four days later.

The Canadian approval arrives less than two weeks after reports emerged that Robinhood Crypto chief operating officer Tanya Denisova was leaving the company after more than five years in the role. According to people familiar with the matter cited in earlier reports, neither Denisova nor Robinhood publicly commented on the departure, and no replacement has been announced. During Denisova’s tenure, Robinhood introduced commission-free crypto trading, digital wallets, and staking products. The company also completed its acquisition of Bitstamp in 2025, a move that expanded its institutional and overseas crypto operations.

At the same time, Robinhood’s crypto business has faced pressure from weaker trading activity. The company reported $134 million in crypto revenue for Q1 2026, down 47% from $252 million a year earlier. According to Morningstar, crypto trading became a “particular pressure point” in the quarter after retail participation weakened and Bitcoin spent much of the period below $80,000. Even with the drop in crypto revenue, Robinhood said total net revenue rose 15% year over year to $1.07 billion in Q1 2026.

As previously reported by crypto.news, the platform handled roughly $25 billion in monthly crypto trading volume during the opening months of 2026, although revenue generated from that activity declined compared with the previous year. Robinhood shares were down 3% at the time of publication. [crypto.news]

Bitwise debuts Canton Network ETP on Deutsche Börse Xetra

Bitwise listed a new exchange-traded product tied to the native token of Canton Network (CC), a privacy-enabled permissioned blockchain developed with participation from institutions including Goldman Sachs, BNP Paribas, and Deutsche Börse.

Dubbed the Bitwise Canton ETP (BWCC), the product began trading on Deutsche Börse Xetra on Tuesday with a total expense ratio of 0.85% per annum. It seeks to track the Kaiko CANTO Reference Rate LDNLF index and is fully backed by CC tokens held in cold storage, the asset manager said in a statement.

BWCC is issued by Bitwise Europe GmbH in Germany and can be bought or sold through traditional brokerage accounts without requiring investors to use a crypto wallet. Bitwise said the launch forms part of its broader European crypto ETP suite.

“The Bitwise Canton ETP is a timely addition to our growing suite of European crypto ETPs,” Bradley Duke, Managing Director and Head of Europe at Bitwise, said. “Canton Network stands apart as a blockchain platform built from the ground up for global financial markets, combining privacy, interoperability, and programmability in a way that is specifically designed to meet institutional compliance requirements.”

Launched in 2023, Canton Network was developed by Digital Asset, a financial technology firm co-founded by DRW’s Don Wilson. Participating institutions include Goldman Sachs, BNP Paribas, Deutsche Börse, Microsoft, Moody’s, S&P Global, Cboe Global Markets, and Deloitte.

The European ETP launch follows the debut of the first U.S. ETF tied to the same asset. 21Shares listed the 21Shares Canton Network ETF (TCAN) on Nasdaq earlier this month, providing direct exposure to CC.

Per The Block’s CC price page, Canton’s native token traded at $0.16 on Tuesday, down 1.4% over the past 24 hours. The token carries a market capitalization of $6.3 billion.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

[The Block]

Bitget bets on tokenized Wall Street with new Reality platform

Bitget has launched a regulated tokenization platform called Reality, expanding its push into on-chain access to U.S. financial assets through tokenized stocks and ETFs. The new platform will issue “rTokens,” which are blockchain-based representations of publicly traded equities and exchange-traded funds backed 1:1 by real shares held through regulated U.S. broker-dealers. The exchange said the underlying assets are secured through FINRA-registered and SIPC-protected infrastructure tied to major U.S. exchanges, including Nasdaq and the NYSE.

Reality will initially focus on tokenized exposure to selected U.S. stocks and ETFs before extending into other asset classes such as bonds and Treasuries. Users will be able to mint and redeem rTokens using stablecoins on a 24/5 basis while also using those assets as collateral across decentralized finance applications.

Bitget CEO Gracy Chen said the exchange expects tokenized assets to account for nearly 10% of global financial assets by 2030, citing stablecoin adoption, faster blockchain settlement systems, and rising interest from crypto exchanges and financial firms. Reality aims to address long-running issues in the tokenized asset market, particularly limited liquidity and inconsistent handling of dividends and corporate actions. Dividend payouts tied to rTokens will be distributed directly in stablecoins.

Alongside the Reality launch, Bitget has continued adding products tied to tokenized private and public market exposure, including the recent launch of SPCXUSDT, a pre-IPO perpetual contract connected to expectations surrounding a potential SpaceX listing. The derivative product allows traders to speculate on SpaceX valuation movements without owning equity in the company, trading around the clock with up to 5x leverage.

Bitget’s tokenized products lineup now includes access to more than 100 tokenized stocks, ETFs, commodities, gold products, and foreign exchange instruments. Reality has also undergone independent smart contract audits and reserve attestations through accounting firm The Network Firm, with reserve ratios maintained above 100% for all issued rTokens.

[Bitget]

Wintermute: Institutions are realizing part of their positive BTC returns; 75,000 remains a key support level.

Wintermute posted that BTC’s ETF outflows exceeding $1 billion for two consecutive weeks (compared to inflows in the previous six weeks) indicate that institutions are taking advantage of the strength to cash in on some recent positive returns.

More noteworthy is AI. Nvidia delivered textbook-level outperformance, but there was almost no movement in after-hours trading. Incremental outperformance is no longer able to move the needle. If the AI momentum fades, the macro picture (record low consumer confidence, sticky inflation, Waller taking over a hawkish Federal Reserve) will gain more weight, and cryptocurrencies will not be spared.

The long-term structure of BTC is intact (reserves are at multi-year lows, long-term holders continue to accumulate, CLARITY is progressing, and HYPE is doing what major tokens should do early on).

However, short-term fund flows drive prices, and they are currently negative. $75,000 to $76,000 is a key line for BTC. Holding this level will allow BTC to retest $80,000; breaking below this range could lead to a rapid slide towards $70,000 to $72,000.

[Foresight News]

StandX hints at a TGE within this year, DUSD stablecoin APY remains above 10%, and the options product SIP-4 is about to launch.

The BNB ecosystem PerpDex StandX recently published an article hinting at a possible TGE within the year, with a dense release of product lines.

Relying on the recently implemented SIP-2 (position holding income) and SIP-3 (native income expansion) mechanisms, the protocol has successfully routed transaction fees to position holding users and all DUSD holders, keeping the stable APR of DUSD consistently at a level of ~10%.

Following the launch of the Network Yield transaction fee rebate function, StandX will soon launch the SIP-4 on-chain options product. StandX’s on-chain options, combined with the Perps architecture, will provide an innovative peer-to-peer Covered Call function, further improving the full-chain income matrix.

[Odaily]

Binance seeks Philippines comeback through SEC sandbox deal

Binance has partnered with BlockShoals Technologies as it seeks a regulated path back into the Philippines. The exchange said on May 26 that the partnership will operate under the Philippine Securities and Exchange Commission’s Strategic Sandbox, also known as StratBox.

BlockShoals is a Philippine-registered company approved under the SEC’s Crypto Asset Intermediary framework within the sandbox structure. Binance said BlockShoals will serve as the approved local intermediary, while Binance will provide technology, security, operations, product support, and compliance experience. “We are excited to support the Philippine SEC’s StratBox initiative through our partnership with BlockShoals. Frameworks like StratBox matter because they create space for innovation, dialogue, and stronger safeguards for users — all at the same time. Looking forward to… pic.twitter.com/1fbJ2Y89up”

Binance said the arrangement aims to test a tailored platform experience for users in the Philippines inside a supervised environment. The company described the sandbox as a “controlled and supervised environment” for financial innovation. The sandbox phase is expected to begin in the second half of 2026 and run for at least two years, in line with the SEC framework. Binance said the process will allow the partners to meet regulatory milestones before any wider rollout.

Seker, Binance’s Head of APAC, said the Philippines is one of Southeast Asia’s most active digital economies. He said frameworks such as StratBox create paths for “responsible innovation” and better cooperation between regulators and industry participants.

The partnership comes after Binance lost access in the Philippines. As previously reported by crypto.news, the Philippine SEC found in late 2023 that Binance was offering unregistered securities and operating as an unlicensed broker. By March 2024, the National Telecommunications Commission had blocked access to Binance’s website after the SEC requested action. This case became a model for how the regulator could move against other unregistered platforms.

The SEC later widened its pressure on unregistered crypto exchanges. As previously reported, the regulator named OKX, Bybit, MEXC, KuCoin, Bitget, Phemex, CoinEx, BitMart, Poloniex, and Kraken in an August 2025 advisory. The Philippines’ Crypto Asset Service Provider rules took effect on July 5, 2025. crypto.news reported that the rules require crypto service providers to register, maintain a local corporate presence, meet disclosure standards, and follow anti-money laundering safeguards.

The regulator also warned that unregistered platforms could face cease and desist orders, criminal complaints, website blocking, app removal, and action against online promotions. That gives Binance’s sandbox path a clear regulatory reason.

XRP Ledger will launch the fixCleanup3_1_3 upgrade to clean up NFT order placements and fix multiple functional defects.

PANews May 26th, the XRP Ledger will launch the fixCleanup3_1_3 upgrade tomorrow, automatically deleting expired NFT listings to reduce ledger redundancy.

This upgrade will also fix known vulnerabilities in modules such as vault withdrawals, permissioned domains, and loan accounting.

[CoinDesk]

Uzbekistan Resumes Gold Exports

On May 26, news reported that Uzbekistan—one of the world’s largest gold producers—resumed full gold exports in April after a six-month suspension. According to the country’s State Committee on Statistics, which released data on Tuesday, Uzbekistan exported non-monetary gold worth approximately $1.5 billion in the first four months of this year; the data shows that the majority of this export volume was completed in April.

Uzbekistan’s annual gold output stands at roughly 130 tons. Since September last year, the country had effectively halted gold exports, while its central bank simultaneously emerged as one of the world’s largest buyers of this precious metal.

Russia, another major global gold producer, has also recently accelerated its gold sales pace.

[PANews]

Bitget launches the RWA protocol Reality, enabling stock tokens to achieve liquidity on par with traditional brokers.

Bitget has announced the launch of Reality, a licensed financial protocol focused on the tokenization of real-world assets (RWA). Its issued tokenized stocks (rTokens) are strictly pegged 1:1 to underlying U.S. stocks, with assets custodied by a FINRA-registered, SIPC-protected U.S. securities broker-dealer, and real-time reserve proofs provided through third-party independent audits.

By directly accessing U.S. stock liquidity pools such as Nasdaq and the NYSE, Reality’s stock tokens can achieve the same level of liquidity as traditional brokerages; at the same time, stock dividends will be distributed 1:1 to user accounts in token form, cash dividends will be automatically converted into USDT for distribution, and stock splits and mergers will also be mapped to on-chain tokens in real time, which is highly consistent with the experience of holding U.S. stocks.

In addition, the U.S. stock tokens launched by Reality are deeply integrated with the Bitget ecosystem, such as being used as unified account margin, and are compatible with core product lines such as grid trading, copy trading systems, and staking lending.

Bitget CEO Gracy Chen previously proposed a “10% vision”: currently, tokenized stocks account for only 0.1% of the $1.25 trillion global stock market, and she predicts that this proportion will rise to nearly 10% by 2030. Reality is built on this trend, focusing on U.S. stocks in the initial stage, and will expand asset classes in the future to promote Bitget’s UEX strategy to extend to a broader global financial asset access layer.

[Odaily]

Planet Evening News

1. US Interior Minister: Trump will reach a great deal on the Iran issue;

2. Machi Big Brother adds to his ETH long position again with 25x leverage, position value is $14.48M;

3. Starlink prices rise during Iran war, US Department of Defense clashes with SpaceX;

4. Analyst: Gold’s path of least resistance is still downward;

5. Iranian media: Iran insists on immediately using half of its frozen funds at the beginning of the agreement announcement;

6. Hyperliquid accounts “Evaded” and “Garret Jin” are each other’s counterparties, with a cumulative floating loss of $2.20M;

7. Evaded opens a short position of 525.34 BTC with 40x leverage, with a nominal value of $40.32M;

8. BIT: ETFs see significant capital outflows, Bitcoin may still mainly fluctuate in the short term;

9. Limitless Q3 points event ends, airdrop claim opens on May 27;

10. The total market value of stablecoins has reached $322.0B, exceeding the foreign exchange reserves of 95 countries.

Bloomberg: 9 whale wallets dominate Polymarket’s multi-billion-dollar dispute resolution

May 26th news, according to Bloomberg, the adjudication of controversial contracts on Polymarket is being dominated by a small number of UMA holders. Bloomberg statistics show that among the more than 6,400 addresses that participated in Polymarket dispute adjudication voting in the past three years, only 9 major wallets contributed about half of the UMA voting rights and stood on the winning side in almost all disputes.

In April 2026, approximately 230 contracts with a total transaction volume of over $1.00B entered the dispute adjudication process, accounting for less than 1% of all Polymarket contracts, but the frequency of disputes increased with the transaction size.

Some traders criticize that the mechanism actually gives anonymous whales an economically-driven “right to determine the facts,” and Polymarket and Risk Labs, which is responsible for UMA, have shelved their original plans to improve the relevant processes.

[PANews]

US Department of Defense Disputes with SpaceX Over Increased Starlink Prices During Iran War

As the U.S. suicide drones guided by Musk’s “Starlink” network began to achieve significant results in the war against Iran, SpaceX executives came to a conclusion: the Pentagon should pay higher fees for using the satellite Wi-Fi network.

According to two people familiar with the matter and Pentagon documents, in the weeks after the U.S. launched bombing operations, SpaceX executives met with Pentagon officials and argued that the military was currently paying about $5,000.00 per terminal connection, but was actually using a higher-grade service worth nearly $25,000.00.

According to interviews with five people familiar with the matter and related documents, the controversy surrounding the use of “Starlink” on “LUCAS” suicide drones is just a microcosm of the increasingly tense relationship between SpaceX and the Pentagon over “Starlink” pricing in recent months.

[Odaily]