ChainCatcher news, analyst Timo Oinonen cited CryptoQuant data indicating that the amount of Bitcoin flowing into Binance from whale investors and retail investors has dropped to a cyclical low, suggesting that holders are still unwilling to sell under turbulent market conditions.

ChainCatcher news, according to Decrypt, the TON network extension TAC announced that it has raised a total of $11.5 million in seed and strategic rounds, with the latest $5 million strategic round led by Hack VC.The project aims to provide EVM-compatible DeFi infrastructure for the TON and Telegram ecosystem, planning to gradually open features through a phased mainnet launch. TAC has specifically developed a Telegram mini-app interface, allowing traditional users to directly access DeFi services within the messaging software.

According to ChainCatcher news and CryptoQuant data, the inflow of Bitcoin from whale and retail addresses on Binance has dropped to an all-time low during the current cycle. Analysis suggests that both groups tend to hold their coins, with a general expectation of further upside in the market.

ChainCatcher news, according to CoinDesk, Brazil has canceled its long-standing tax exemption policy on cryptocurrency gains. Under the new provisional law (Decree No. 1303), individual cryptocurrency profits will be uniformly taxed at a rate of 17.5%.Previously, individuals were not required to pay taxes on cryptocurrency sales of up to 35,000 reais (approximately $6,300) per month. Before this change, gains exceeding that limit were subject to a progressive tax rate, with a maximum rate of 22.5% applicable to transaction amounts exceeding $5.4 million.

ChainCatcher news, according to Fortune, Franklin Templeton CEO Jenny Johnson stated that public chains are evolving into highly efficient coordination machines, expected to replace parts of traditional financial infrastructure while unlocking new value for investors. Solana is one of the first blockchains focused on institutional investors, demonstrating a processing capacity of nearly 65,000 transactions per second, comparable to the Visa network. Sui is a newer blockchain, with transaction processing speeds nearly double that of the latter. With upcoming upgrades, public chains may soon be able to boost their throughput to hundreds of thousands or even millions of transactions per second.Decentralized trading platforms like Uniswap, which allow for peer-to-peer market making without custody, are rapidly catching up to centralized counterparts in traditional exchanges, processing trillions of dollars in transactions annually. As the speed of these systems improves, their verification and security features have also seen significant enhancements, not only able to withstand hacking attempts but also better verifying identity and asset ownership. The transformation of digital asset technology will not be slow or gradual. It is expected that in the next five years, our industry's growth rate will surpass that of the past fifty years.

ChainCatcher news, according to CNBC, NBA legend Shaquille O'Neal has agreed to pay $1.8 million to settle a class action lawsuit from FTX investors. The settlement agreement is pending court approval and will absolve him of all related legal liabilities in the future, prohibiting him from seeking reimbursement from FTX's bankruptcy estate.The lawsuit alleges that O'Neal promoted FTX as a safe and reliable investment platform through live events and social media, allegedly helping to promote unregistered securities. Unlike other FTX endorsers whose lawsuits have been dismissed, O'Neal remains involved in the case due to the complexities of the legal document delivery process. He stated to CNBC in 2022 that he was "just a paid spokesperson."

ChainCatcher message, Cryptoquant analyst Crypto Dan posted, "The buying pressure from American investors has surged, and the current trend of BTC shows no signs of overheating. This is a common pattern during an upward cycle after a pullback, indicating that the market may continue to remain optimistic."

ChainCatcher news, according to CoinDesk, the Google search trend for Bitcoin has significantly declined, with search rankings dropping below 25, indicating a clear lack of interest from retail investors, market excitement, or speculative desire.For most of the past month, Bitcoin's price has hovered between $102,000 and $110,000.Analysts believe that this lackluster interest aligns with historically low volatility, as the Bitcoin Volatility Index (DVOL) currently hovers above 40, one of the lowest values in over two years, only surpassed by the mid-2023 low.

ChainCatcher news, according to the Securities Times, today the Secretary for Financial Services and the Treasury, Xu Zhengyu, stated that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures.The measures will further enrich the product options in the Hong Kong market while ensuring that trading is conducted in an orderly, transparent, and secure manner.

ChainCatcher news, Strategy founder Michael Saylor posted that Strategy is offering a new perpetual preferred stock, code STRD, to specific investors through an IPO.

ChainCatcher news, according to CoinDesk, Jacobi Asset Management has announced that its Bitcoin ETF has lowered the entry threshold, opening up to retail investors in Europe for the first time.The ETF was originally launched in 2023 on Euronext Amsterdam, previously limited to professional investors. With the approval of the Guernsey regulator, the ETF has now removed the restrictions on professional investors and minimum investment requirements, allowing investors to participate through regulated brokerage and investment platforms.Jacobi CEO Peter Lane stated that this move is not only a milestone for the company but also reinforces Guernsey's position as a forward-thinking jurisdiction for digital assets. The fund continues to be provided with institutional-grade custody services by Zodia Custody.

ChainCatcher news, according to CoinDesk, the cryptocurrency market experienced a significant decline this weekend, with Dogecoin dropping over 8%, PEPE down 12%, and Bitcoin's price falling more than 2%, trading slightly above $103,600. ETH fell nearly 4%, while Ripple (XRP), BNB Chain (BNB), ADA, and SOL all dropped 2-5%.Analysts believe that this economic downturn is related to the renewed escalation of trade tensions, and market volatility is expected to persist. The derivatives market also indicates that investors' cautious sentiment is increasing; according to Deribit data, the open interest in Bitcoin futures has risen by 51% since April, while options contracts have surged by 126%.

ChainCatcher news, according to a report by CoinTelegraph, crypto analytics firm Glassnode stated in its report on May 29 that investors in BlackRock and Fidelity's spot Ethereum ETF have an average unrealized loss of about 21%.The current price of Ethereum is $2601, while BlackRock's spot Ethereum ETF cost basis is $3300, and Fidelity's is higher at $3500.

ChainCatcher news, according to Finance Feeds, the North Korean hacker group Lazarus Group has recently shifted its attack targets to individual investors, stealing over $5.2 million from a merchant through malware on May 24. The stolen funds involve multiple wallet types, including exchange wallets, multi-signature wallets, and external accounts.Blockchain analyst ZackXBT tracked that the hackers have transferred about 1,000 ETH through the mixer Tornado Cash.Security experts recommend that individual investors take protective measures: use hardware wallets to store large assets, enable two-factor authentication, regularly update software patches, be wary of suspicious links, and regularly check transaction records. This attack marks a strategic shift for the organization from targeting institutions to individual investors.

ChainCatcher news, the Vietnamese police have arrested a gang suspected of orchestrating the cryptocurrency scam "Matrix Chain," which has defrauded investors of nearly 400 million dollars.The alleged pyramid scheme fraud group established a multi-level system across three regions in Vietnam, misleading investors into believing that they could download the Matrix Chain software for a symbolic fee of just 1 USDT. The funds were ultimately embezzled by the gang, which has over 185,000 registered accounts, with 394.2 million USDT deposited and transferred through cryptocurrency wallets. Four men and one woman (born between 1980 and 1991) have been detained, and the police are searching their residences and workplaces.

ChainCatcher news, according to The Wall Street Journal, Telegram plans to issue at least $1.5 billion in five-year bonds with an annual interest rate of 9% to repurchase debt issued in 2021 that is set to mature next year. Investors include existing backers Blackstone Group, Abu Dhabi sovereign fund Mubadala, and newly joined hedge fund Citadel.Bondholders will have the option to convert their bonds into shares at a discounted price when Telegram goes public in the future. Despite CEO Pavel Durov being restricted from leaving the country due to allegations of not cooperating with a French police investigation, Telegram is expected to achieve a profit of $540 million in 2024, with monthly active users surpassing 1 billion and paying users exceeding 15 million.

ChainCatcher news, Coindesk analyst Aoyon Ashraf stated that Bitcoin reached an all-time high this week, primarily driven by institutions, while retail investors were almost "absent" from this rally. A quick search using "Bitcoin" as a keyword on Google Trends reveals that the search frenzy seen during the 2021 bull market is now completely absent.Although there was a brief surge of retail enthusiasm during the U.S. presidential election, when a rapid Meme coin craze briefly ignited market sentiment, that excitement has long faded. Despite Bitcoin breaking through $111,000 to set a new all-time high this week, Meme coin prices have quickly fallen, and retail enthusiasm has cooled.Even though Bitcoin has reached an all-time high, traders remain cautious, as evidenced by lower funding rates and increased short positions. The current market sentiment shows a trend towards more sustainable trading behavior, which may pave the way for long-term gains.