Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC), has joined Sygnum in an advisory role, where he will help the crypto bank navigate global regulations amid growing institutional interest in digital assets. Giancarlo’s appointment as senior policy adviser places him alongside 11 other members of Sygnum’s Advisory Council, the company disclosed on May 27.In his role, Giancarlo will advise on regulations and strategic partnerships in both the public and private sectors. Sygnum is a Swiss banking group dedicated to providing crypto asset services. It’s often called the first digital asset bank, having recently achieved unicorn status following a…
Author: Micheal
Analysts say that long-term Bitcoin holders have been accumulating during the recent market stress, which has seen the cryptocurrency dip just below $109,000. 4030 Total views 1 Total shares Bitcoin markets recently experienced two major liquidation events, causing a cascade of forced selling from over-leveraged traders, but analysts say a distinct pattern has emerged.“Overleveraged short-term traders were flushed out, long-term holders have been quietly capitalizing on the reset,” CryptoQuant analyst Amr Taha said on May 26. They noted the first flush occurred when Bitcoin (BTC) fell below $111,000, and over $97 million in long positions were liquidated. As its price broke…
Key NotesVitalik Buterin has introduced a three-stage security model for Ethereum rollups.Critical support at $1,770 is under threat, while bullish targets range from $1,931 to $2,172.ETH remains bearish with MACD remaining bearish and RSI hovering near oversold territory. Ethereum co-founder Vitalik Buterin laid out a critical roadmap for Layer 2 rollup security, emphasizing a gradual shift toward trustless systems. Vitalik’s new proposal categorizes Ethereum rollups into three security stages: Stage 0: Full control by a security council. Proof systems exist but are advisory. Stage 1: Council can only override the system with a 6-of-8 supermajority, with at least 3 members…
Crypto vesting tracker Tokenomist reports that $3.3 billion in tokens will be unlocked in June, a 32% drop from May’s $4.9 billion. Digital assets worth $3.3 billion are set to enter circulation in June as vesting periods for several major projects expire.According to crypto vesting tracker Tokenomist, $3.3 billion in tokens will be released in June, a 32% decline in unlocked tokens month-on-month. In May, such tokens totaled $4.9 billion. Crypto projects allocate tokens for various purposes. For example, a company may promise tokens to team members to reward them for their contributions or sell them to early investors. However, projects…
A victim lost $2.6 million in stablecoins by falling for two zero-value transfer phishing scams within three hours, raising concerns over address poisoning tactics. 8835 Total views 20 Total shares A single victim was scammed two times within three hours, losing a total of $2.6 million in stablecoins.According to data shared on May 26 by crypto compliance firm Cyvers, the victim sent 843,000 worth of USDt (USDT), followed by another 1.75 million USDt around three hours later. Cyvers said the scam used a method known as a zero-value transfer, a sophisticated form of onchain phishing.Source: Cyvers AlertZero-value transfers are an…
Cryptocurrency investment products saw a sharp increase in inflows last week, driving the year-to-date (YTD) total above $10 billion, according to data from European crypto investment manager CoinShares.Global crypto exchange-traded products (ETPs) recorded $3.3 billion of inflows during the week ending May 24, bringing total inflows YTD to a record $10.8 billion, CoinShares reported on May 26.CoinShares head of research James Butterfill said total assets under management (AUM) in crypto ETPs briefly reached an all-time high of $187.5 billion, reflecting strong investor interest. “We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting…
A TikTok prankster who attended Donald Trump’s dinner for the US president’s top memecoin holders said the three-course meal served was some of the “worst food” he’s eaten and that Trump’s speech at the event was “pretty much like bullshit.”“It was the worst food I’ve ever had at a Trump golf course,” Nicholas Pinto told WIRED on May 23, while other attendees the outlet interviewed said that the meal was “OK, but not top-class.”On the menu at the May 22 event, which all paid millions to attend, was a “Trump organic field green salad” followed by a filet mignon and…
Several artificial intelligence models ignored and actively sabotaged shutdown scripts during controlled tests, even when explicitly instructed to allow the action, Palisade Research claims.Three AI models ignored the instruction and successfully sabotaged the shutdown script at least once during 100 runs, the research firm said in a May 24 X post.OpenAI’s GPT-3 model didn’t follow the shutdown request seven out of 100 times, while the company’s Codex-mini did it 12 times, and its o4-mini model only ignored or sabotaged the script once.“Each AI model was instructed to solve a series of basic math problems. After the third problem, a warning…
Daily Mirror IconNewsWorld newsMissing personsAustralian teen Pheobe Bishop, 17, vanished while she was on her way to meet her boyfriend in a different city, with new texts shedding light on the situation following her disappearance17:55, 26 May 2025Updated 18:00, 26 May 2025Pheobe Bishop has been missing since May 15 (Image: Queensland Police)Leaked text messages from the friend of missing Pheobe Bishop have emerged, throwing a new twist into the case of the vanished teen.Pheobe, 17, was last spotted leaving a rundown home in Bundaberg, Queensland, at about 8am on May 15. She had been staying with couple Tanika Bomley and…
A man has shared his thoughts after buying a bottle of water and some ice from Erewhon, one of the world’s most expensive supermarkets, and people cannot believe the price17:36, 26 May 2025Updated 19:02, 26 May 2025A food lover visited an expensive supermarket and spent a staggering amount on water (stock image)(Image: Getty Images)Who would fork out a hefty sum for the crème de la crème of crystal-clear iced water? A food critic dared to splash £60 at one of the globe’s priciest supermarkets to give us the lowdown. We all fancy a little indulgence every once in a while…