Wall Street banks are privately urging the Federal Reserve to give its lighter supervision approach stronger legal support so it can withstand future political shifts, including a possible Democratic administration. The push comes as the Fed reduces reliance on Matters Requiring Attention (MRAs), scales back bank exams, and considers changes to its confidential ratings process. Vice Chair for Supervision Michelle Bowman has also said she plans to cut supervision and regulation staff by about 30%.

Stable said it launched StableEarn on May 26, a treasury product that routes USDT deposits into a Morpho vault using yield strategies tied to Theo’s real-world asset offerings. The initial vault is backed by Theo’s thBILL, thGOLD, and thUSD, with Gauntlet setting risk parameters, aiming to offer USDT holders on the Stable network yield linked to real-world markets.

Bitcoin slid nearly 10% to $74,027 on May 23 after a $766 million liquidation event hit leveraged positions, then rebounded to reclaim its monthly open. Bitfinex analysts say the bounce has struggled near the weekly open, with $79,000 framed as a heavy breakeven resistance level that could cap a near-term recovery.

On May 26, Peter Schiff said Strategy Inc. may be depleting cash after using $1.38 billion to repurchase $1.5 billion of 2029 convertible notes, leaving about $871 million in reserves. He argued the balance could strain the firm's Bitcoin accumulation and hinted it might need to protect STRC dividends without selling BTC. Strategy later reported retiring debt at a discount, raising $2 billion via STRC and buying 24,869 more BTC, with holdings listed at 843,738 BTC valued around $65 billion.

On May 26, 2026, the UK placed HTX—listed as Huobi Global S.A.—on its Russia sanctions list as part of an 18-designation package, triggering an immediate asset freeze and a ban on UK financial services access. The measures prohibit UK banks, payment firms and UK-based virtual asset service providers from transacting with or providing correspondent services to HTX, while Exmo Exchange, Rapira, Bitpapa and Eurasian Savings Bank were also sanctioned. The move follows FCA High Court action launched in February 2026 over alleged illegal promotion of crypto services to UK consumers.

The UK government sanctioned crypto exchange HTX on 26 May under its Russia sanctions framework, alleging it provided financial services connected to entities linked to the Russian economy. The measures include an asset freeze, director disqualification, trust services and correspondent banking restrictions, plus internet services sanctions aimed at limiting UK users' access to HTX-related services and apps. HTX had not issued a public response at the time of writing.

BitMine increased its Ethereum holdings by another 111,942 ETH and said its unrealized loss on the position is estimated at $7.35 billion to $8 billion, even as ETH traded below $2,200. Separately, Strategy (MSTR) used about $1.38 billion in cash to repurchase $1.5 billion face value of 2029 convertible notes at roughly an 8% discount, leaving its 843,738 BTC holdings unchanged.

On Monday, May 25, an unidentified wallet sent 107.1302 BTC (valued at more than $8.2 million) to a bitcoin burn address, making the funds permanently unspendable. The transfer, first flagged on Tuesday by Timechainindex.com founder Sani, lifted the address balance to 807.238 BTC, valued at $62.15 million. No onchain identity or clear connection to a protocol launch has been linked to the burn.