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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
05/28/2026 07:21 AM Ethereum (ETH) Crashes Below $2,000 as Iran Tensions Trigger $1B Crypto Liquidation Wave
Ethereum (ETH) crashes below $2,000 following Iran strikes, triggering $1B in crypto liquidations. Analysts monitor $1,850 support amid 11-day ETF exodus.
The post Ethereum (ETH) Crashes Below $2,000 as Iran Tensions Trigger $1B Crypto Liquidation Wave appeared first on Blockonomi.
05/28/2026 07:14 AM Bitcoin (BTC) Plunges Below $73K as U.S.-Iran Tensions Trigger Massive Crypto Selloff
Bitcoin dropped below $73K following U.S. airstrikes on Iran, triggering $958M in crypto liquidations and $733M in Bitcoin ETF outflows on May 27.
The post Bitcoin (BTC) Plunges Below $73K as U.S.-Iran Tensions Trigger Massive Crypto Selloff appeared first on Blockonomi.
05/28/2026 07:02 AM Bitcoin (BTC) Plummets Below $73K as U.S.-Iran Military Conflict Sparks $958M Liquidation Wave
Bitcoin drops below $73K following U.S. strikes on Iran, triggering $958M in crypto liquidations. Long positions account for 93% of losses in 24 hours.
The post Bitcoin (BTC) Plummets Below $73K as U.S.-Iran Military Conflict Sparks $958M Liquidation Wave appeared first on Blockonomi.
05/28/2026 02:27 AM CFTC Charges Google Employee with Insider Trading on Polymarket Using Search Data
TLDR: Google engineer Michele Spagnuolo allegedly earned $1.2M trading on Polymarket using confidential search data. Spagnuolo traded under the handle “AlphaRaccoon,” placing bets on 23 Google Year in Search event contracts. The CFTC filed a civil complaint seeking penalties, disgorgement, and a permanent ban on Spagnuolo’s trading activities. Federal prosecutors unsealed a parallel criminal complaint [...]
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05/28/2026 02:02 AM CFTC and Gemini Jointly Move to Vacate 2022 Consent Order After Enforcement Review
TLDR: The CFTC admitted the 2022 complaint against Gemini should never have been filed under current standards. A whistleblower with known credibility issues served as the primary basis for the original complaint against Gemini. Agency personnel were found to have misused regulatory authority to create leverage during settlement negotiations. The CFTC and Gemini jointly moved [...]
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05/28/2026 01:31 AM Hyperliquid’s HIP-4 Brings Binary Options to Hyperliquid’s Unified Trading Portfolio
TLDR: HIP-4 is the first onchain contract to combine spot, perps, and binaries in one unified portfolio. Binary options on Hyperliquid allow vault managers to hedge event-driven risk with a fixed payout. HIP-4 is projected to add roughly $25M annually to Hyperliquid’s $636M trading revenue run rate. HIP-4 markets at launch include daily BTC binaries [...]
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05/27/2026 11:35 PM Circle Payments Network Adds Nium to Bridge USDC Settlement With Global Payouts
TLDR: Nium joins Circle Payments Network as a global payout partner across 190+ countries and 100 currencies. Financial institutions can now access USDC settlement and last-mile fiat payouts through a single integration. The partnership reduces prefunding requirements across corridors while adding real-time onchain transaction tracking. CPN has reached $8.3 billion in annualized volume, reflecting rising [...]
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05/27/2026 11:10 PM Worldcoin Surges 15% as On-Chain Activity Hits 2026 Highs Amid DeFi Integration
TLDR: WLD surged 15.72% in 24 hours, trading at $0.3813 while most altcoins posted losses on the same day. Whale transactions hit 64 in one day, marking the highest level of 2026 according to Santiment on-chain data. Oku Trade integration into World App launched swap competitions, pushing trading volume up 266% to $768 million. New [...]
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05/27/2026 10:41 PM Cash App Enables USDC Transfers on Solana, Ethereum, Polygon, and Arbitrum With Zero Fees
TLDR: Cash App users can now send and receive USDC on Solana, Ethereum, Polygon, and Arbitrum at zero fees. Block Inc. keeps Bitcoin as its core focus, with stablecoins seen only as a bridge to Bitcoin adoption. The total stablecoin market supply has crossed $300 billion, driven largely by Tether’s continued growth. Major payment networks [...]
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05/27/2026 10:07 PM Banca Sella Becomes Italy’s First Bank to Offer Crypto Services Under MiCA
TLDR: Banca Sella completes Bank of Italy notification, becoming Italy’s first MiCA-compliant crypto bank. The bank plans to launch digital asset custody and transfer services for select clients by end of 2026. Banca Sella is a founding member of Qivalis, a 37-bank European consortium developing a euro stablecoin. While Europe advances under MiCA, the US [...]
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