[News Brief] May 28, morning | SEC Chair: The Exodus of Crypto Firms Overseas Is Over… Will Provide Regulatory Clarity

SEC Chair: The Exodus of Crypto Firms Overseas Is Over… Will Provide Regulatory Clarity

SEC Chair Paul Atkins said the situation in which crypto entrepreneurs moved overseas due to regulatory uncertainty is “now over.”

According to the source, Atkins said that under President Trump’s administration, the SEC will work with the government and Congress to provide the regulatory clarity needed for the digital asset market.

He added that the agency will also support digital asset-related legislation to establish a workable compliance pathway and clearly define the scope of oversight.

Sui Mainnet Halts Block Production for About an Hour Due to Network Congestion

Sui blockchain’s mainnet reportedly stopped producing blocks for nearly an hour due to network congestion, according to Wu Blockchain.

Sui said congestion had occurred on the mainnet and that its core team was preparing a fix. It added that transactions could be temporarily disrupted during this period.

The incident directly affected block production and transaction processing on the mainnet.

U.S. Bitcoin ETFs See 9,012 BTC in Net Outflows; Ethereum ETFs Record 40,247 ETH in Net Outflows

According to Odaily, Lookonchain reported that U.S. Bitcoin ETFs saw net outflows of 9,012 BTC, while Ethereum ETFs recorded net outflows of 40,247 ETH.

During the same period, Solana ETFs saw net inflows of 2,401 SOL. ETF fund flows are considered a key indicator of institutional investment demand.

2,333 BTC Transferred From Anonymous Wallet to Coinbase Institutional

According to Whale Alert, 2,333 BTC was transferred from an anonymous wallet to Coinbase Institutional.

The transfer was worth about $170.02 million. Large inflows to exchanges are often interpreted by the market as a short-term supply factor, including possible selling pressure.

Hyperliquid Whale’s $30.5 Million BTC Long Position Near Liquidation

A large investor’s $30.5 million BTC long position on Hyperliquid came close to its liquidation price.

According to Odaily, on-chain analyst Weijin said the position could be liquidated if BTC falls another $400. The investor bought 416.6 BTC at $73,345 using 40x leverage, with a liquidation price of $72,433.

High-leverage derivatives positions are viewed as a source of short-term volatility because even small price swings can trigger forced liquidations.

Bit Digital Buys Additional $20 Million Worth of ETH

Nasdaq-listed Bit Digital purchased an additional $20 million worth of Ethereum (ETH), according to Wu Blockchain.

On May 11, 2026, Bit Digital bought about 8,568 ETH at an average price of $2,334.25 and added it to the company’s treasury assets.

Following the purchase, Bit Digital’s total Ethereum holdings were estimated at about 158,461.75 ETH.

Bit Digital, a Nasdaq-listed company engaged in crypto mining and digital asset management, continued its Ethereum accumulation strategy despite the market downturn.

Coinbase Stakes 40.48 Million SOL, Accounting for 9.52% of Total Solana Staking

Coinbase disclosed in its Q1 2026 Solana validator report that it is staking about 40.48 million SOL, equivalent to 9.52% of all staked Solana.

According to Odaily, Coinbase also shared progress on validator infrastructure upgrades and network optimization. The report included a near-zero-downtime upgrade framework designed to maintain network stability during validator updates.

Coinbase said it supports a multi-client system including Harmonic, Jito, JitoBAM, Firedancer, and Rakkuray to improve diversity and resilience in the Solana validator ecosystem and reduce centralization risk associated with a single operating approach.

924 BTC Transferred From Coinbase to Jump Trading

According to Whale Alert, 924 BTC, worth about $67.53 million, was transferred from Coinbase to Jump Trading.

The transaction was identified as a large on-chain movement, though its exact purpose—such as selling or treasury management—was not disclosed.

100.5 Million USDT Transferred From Bitfinex to Tether Treasury

100.5 million USDT was transferred from Bitfinex to the Tether Treasury.

According to Whale Alert, at 22:39 KST on the 28th, 100.5 million USDT (about $100.386 million) moved from a Bitfinex wallet to the Tether Treasury. The specific purpose of the large on-chain transfer between the exchange and the issuer’s wallet has not been confirmed.

Sequans Communications Fully Repays Debt Related to Bitcoin Treasury Strategy

According to Odaily, French semiconductor company Sequans Communications said it has completed repayment of all debt related to its Bitcoin treasury strategy.

The company said the repayment was made by selling about 80% of its Bitcoin holdings and that it now holds only 658 BTC. Those remaining holdings are free of encumbrances such as collateral obligations.

Sequans added that it plans to gradually monetize its remaining Bitcoin, though it did not specify whether this would involve additional sales or other methods such as collateral use.

Sequans CEO Georges Karam said the debt cleanup marks an important turning point and that the company will now focus on its 4G and 5G IoT chip business.

Sequans had previously launched its Bitcoin treasury strategy in June 2025 and pursued large-scale BTC purchases, but later reduced its holdings amid market volatility.