Crypto news

Yes, Binance, the self-appointed arbiter of all things crypto, has decided that Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) no longer meet its “high standards.” Translation: they’re about as useful as a chocolate teapot in a heatwave. The delisting, scheduled for May 27, has sent these coins into a tailspin, proving once again that in the crypto circus, Binance is the ringmaster with a whip.

Welcome to our institutional newsletter, Crypto Long & Short. This week:

Recent trading data indicates that optimism about SUI may be declining, as traders are starting to decrease their risky investments near its recent peak. This latest price drop is also raising worries that SUI could fall back to around $1 if buyers don’t step in and push the price up soon.

Summary

Asking “Is this altcoin cheap?” isn’t the best way to start your research. A coin might have a low price per unit, but still be overvalued overall, have a lot of tokens released in the future, or lack any practical use. In the crypto world, the biggest dangers are often disguised by attractive websites, active online communities, and rising price charts.

The catalyst? Dominik Clemente’s account-compromised by hackers, then summarily executed by Telegram’s support team, who apparently treat data recovery like a joke. No warnings, no second chances-just poof. Gone. Like your ex’s Instagram after a breakup.

Residents will now be able to receive wages, pay merchants, and settle government fees via digital wallets. Because who needs physical cash when you can just… tap your phone and hope the internet doesn’t fail? (Spoiler: It will.)

The platform officially launched on May 13th with low fees: makers pay 0.02% and takers pay 0.04%. There’s no minimum trading volume required. While the official announcement doesn’t mention a limit on leverage, promotional posts on X indicate up to 10x leverage is available for BTC/INR and ETH/INR perpetual contracts. This is lower than the 20x leverage offered during the early access period in March 2026. More trading pairs will be added gradually, based on market demand, risk controls, and how prepared users are.

On Wednesday, the cryptocurrency began trading around $80,900. This followed a relatively calm Tuesday where it decreased slightly, about 0.5%, from the previous day. Trading activity remained low, and the price couldn’t break past the $82,000 level, which has limited price increases recently.

According to a statement, the new products are the 21Shares Hyperliquid ETF (ticker: THYP) and the 21Shares 2x Long Hyperliquid ETF (ticker: TXXH). These funds promise investors a “regulated” way to dabble in HYPE without actually holding the token-like ordering a ghost to dinner and expecting it to pay the bill.