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Crypto Is Growing Up—Why Some Everyday Traders Are Moving On – Decrypt

Crypto Is Growing Up—Why Some Everyday Traders Are Moving On – Decrypt



In brief

Institutional giants now dominate market flows, potentially dampening the wild, rapid price swings that retail speculators crave.
In the first quarter, Coinbase’s consumer volume dropped 35% sequentially, while activity on retail-favored networks like Base continues to shrink.
Languid markets, underwater altcoin portfolios, and growing politicization have left some veteran hobbyists questioning crypto’s long-term future.

Crypto’s chaotic, meme-driven energy once made it a playground for digital adrenaline junkies. But as the market matures, everyday retail traders who braved the trenches are finding the asset class increasingly boring.

Cole, a 34-year-old crypto trader based in the U.S., told Decrypt that he’s seen an increasing number of peers within his Discord-based trading group complain and vent frustrations about how price action has gotten less fun to trade as time has progressed.

“It’s been shitty for a lot longer than the last few months,” he said. “Most of the people I know who are trading crypto still are dabbling heavily in stocks as well, or real-world assets, […] and we’re having better success.”

The frustration isn’t isolated. As Wall Street giants increasingly dominate digital asset flows, the wild volatility that once defined the crypto market has leveled out. Amid muted market activity and upside-down portfolios, everyday retail traders are quietly pulling back—shifting focus to traditional assets and altering the industry’s foundational base of hobbyists.



In some ways, the pullback from traders could stem from an interest in shiny objects. This is “so bad for the coins,” Frank Chaparro, head of content and special projects at crypto market maker GSR, said in a recent X post, highlighting a mobile price alert from crypto exchange Coinbase on silver’s latest, outsized swings.

The sentiment was echoed by Gerry O’Shea, head of global market insights at crypto asset manager Hashdex. He told Decrypt that individual traders are often drawn to volatility, and the crypto market has lost its luster in that respect as institutional investors have incrementally dominated the tape.

On top of that, retail traders have historically gravitated toward altcoins, which are prone to steeper drawdowns than Bitcoin. O’Shea said there are likely traders who expected large, outsized returns but are “still very much underwater.”

In the three months ended March 31, for example, consumer spot trading volume contracted 35% for Coinbase from the previous quarter to $36 billion. Over the same period, institutional spot trading volume declined just 6% to $202 billion.

More broadly, spot trading volumes across all exchanges have fallen roughly 30% over the past half-year, dropping to around $900 billion monthly from $1.3 trillion, Laurens Fraussen, a research analyst at crypto analytics firm Kaiko, told Decrypt.

“We’ve also noticed an aggressive decrease in volume in Korean markets in the past couple of months, and in Korea 85% of volume is altcoin-driven, which highlights once more the disinterest from retail,” he added in an email.

Muted memes and a crypto president

If wild price swings are attractive to consumers, then a mellow market for meme coins could partly explain the cooldown. Assets that trade on little more than vibes thrived in 2024; however, recent data indicates that this momentum has stalled on consumer-facing networks.

On Base—the Coinbase-incubated Ethereum layer-2 scaling network, which is extensively used by retail traders—daily user activity has significantly cooled. Over the past 180 days, active addresses have fallen 30% to 407,100, according to Token Terminal.

Google Trends data shows search interest for “buy crypto” reaching a peak in May 2021, reflecting widespread “FOMO” during the pandemic-era crypto boom. Within the past couple years, interest spiked again alongside President Donald Trump’s reelection on a pro-crypto platform.

The asset class has become increasingly politicized over time through former SEC Chair Gary Gensler’s industry crackdown to the subsequent activity associated with America’s first “crypto president.” That dynamic means that if someone is generally anti-Trump, then they may be less likely to touch crypto, Yat Siu, co-founder of crypto investment firm Animoca Brands, told Decrypt.

“The Trump brand and the America brand, where it sits now, has a direct impact on the popularity and the awareness and the interest in crypto,” he said. “These are new factors that we didn’t have to think about.”

Cole, the crypto trader, has observed a shift among peers from long-term positional trading to taking profits quickly. He attributed that dynamic to a collapse in conviction, and a market that sometimes feels rigged, as some doubt if “crypto is even going to be here in the next few years.”

Still, some traders see opportunities. That includes Scott, a 37-year-old crypto trader based in the U.S., who told Decrypt that he’s been averaging down during the market dip, adding to an altcoin position that’s gone down significantly since he invested in December.

“I am extremely optimistic when I probably shouldn’t be,” he said, noting that his risk tolerance is high. “Crypto as a whole has been so quiet, especially since Bitcoin topped in October. Those are traditionally, from my experience, the best times to buy.”

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ICE Brent And WTI Perpetual Futures Set To Go Live On OKX | Metaverse Post

ICE Brent And WTI Perpetual Futures Set To Go Live On OKX | Metaverse Post


In Brief

OKX and ICE are launching regulated perpetual futures based on Brent and WTI crude benchmarks, giving retail traders global energy market access through a digital asset platform.

ICE Brent And WTI Perpetual Futures Set To Go Live On OKX

OKX, a blockchain technology and trading company serving more than 120 million customers globally, and Intercontinental Exchange, one of the world’s leading providers of financial market technology and data powering global capital markets including the New York Stock Exchange, today announced plans for OKX to launch perpetual futures based on ICE’s Brent Crude and WTI Crude energy benchmarks.

The products are expected to be available to trade on OKX’s platform in jurisdictions where OKX is licensed to offer perpetual futures products. The new OKX contracts represent a major step forward in expanding regulated access to global commodity markets through digital asset infrastructure.

This first product collaboration between OKX and ICE comes after the companies established a strategic relationship in March 2026. ICE operates some of the world’s leading exchanges, clearing houses and market data services across energy, commodities, fixed income and equities markets.

ICE’s futures prices for Brent and WTI will underpin the new perpetual contracts offered on OKX’s platform. Brent Crude and WTI are among the world’s most widely referenced oil benchmarks.

Opening Retail Access To Global Energy Benchmarks

“Oil markets are critical to the world economy. ICE’s Brent and WTI futures markets provide the benchmark prices that energy traders everywhere rely on. Bringing them into regulated perpetual futures is exactly the kind of bridge between traditional and digital markets that market participants have been asking for,” said Haider Rafique, Global Managing Parter at OKX in a written statement. 

“This launch gives retail traders access to the world’s most important energy benchmarks in a regulated, transparent environment. That’s a meaningful step forward as we modernize money and markets,” he added.

By integrating globally recognized commodity benchmarks into regulated digital markets, OKX and ICE are establishing new pathways for users to access some of the world’s most important energy markets.

“These new OKX perpetual contracts, based on ICE’s deep, liquid, transparent, and global oil markets, allow OKX’s customer base of 120 million retail traders to access energy benchmark products,” said Trabue Bland, Senior Vice President, Futures Exchanges at ICE in a written statement. 

The launch comes at a time of accelerating interest in tokenized finance, regulated derivatives and real-world asset products globally. For OKX, the launch reflects the company’s broader strategy of expanding regulated infrastructure and building products designed for long-term participation in global financial markets. OKX continues to invest in licensed market expansion, institutional infrastructure and products that bridge digital assets with traditional financial markets.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author


Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.








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LumenTale: Memories of Trey Review: A Complex Game Changing Creature Collector

LumenTale: Memories of Trey Review: A Complex Game Changing Creature Collector


LumenTale: Memories of Trey is the latest type of monster catcher game to attempt to go up against some of the biggest games in the entire industry, and some upcoming ones like Aniimo. This RPG sees players step into the role of Trey, a sarcastic but loveable protagonist, as they attempt to uncover the mysteries of the greater world around them.

As I proceeded with the game’s story, dozens of hours in, I still felt as if I’d only scratched the surface. This game has so much to offer, and right off the bat, you can feel how much it wants to separate itself from competitors, for better or worse.

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I’ve always adored creature collecting games, but found them lacking in certain places, and LumenTale surprised me by really focusing on those places in particular. Unfortunately, this just wasn’t enough to make up for all the issues I ran into while playing the game on the Switch OLED. I’ll explain everything in as much detail as I can, but if you’re a fan of this genre, I’d recommend getting it on Steam or at least waiting until things are more stable on Switch.

What is LumenTale: Memories of Trey?

This is super simple because it’s a monster-catching game that has you play as a singular protagonist, Trey. You’re not some ten-year-old child out to become the very best there ever was; you’re an adult looking for answers to your amnesia. There’s a much greater mystery at play in the game, and it only comes in bits and pieces as you travel the world with your young companions.

It works almost exactly how you’d imagine; go out, capture monsters, known as Animon, and do battle with other people and Animon. You actually don’t have to fight Animon to capture them, as you can use your Holoken to capture them using whatever Bilia you have. A small mini-game plays to determine your success rate, and failure means you’ll have to stun them by throwing your Holoken back at them, but with your Animon in them this time.

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This feature also allows you to wipe out weaker Animon and collect whatever resources they drop, as well as gain easy XP. It isn’t the best way to level, but it does give you an easy way to grind levels for lower-level Animon. That’s not where things end, though, because, much like Pokémon, there are ways to interact with the world by using your Animon.

If you’re a fan of this genre, I’d recommend getting it on Steam or at least waiting until things are more stable on Switch.

Each Animon has a primary type. When you unlock that type’s Holoken Ability, you can use it while traversing the world to do things like break boulders or get across gaps. This is one of the main ways you’ll discover secrets and find various items scattered around each map. Unlocking those abilities will require progressing through the story and having that specific type of Animon selected in your Holoken when you throw it.

Battling is the primary way you’ll progress through the story, but you won’t just compete against other Lumen; you’ll fight against some larger-than-life boss Animon. There is one boss per section of the map that I found, so roughly around 10 in total. When you do battle, you can choose to do so with up to four Animon at a time.

The more Animon you play with, the more SP you have to spend on moves between turns. Each Animon has moves that cost a different amount of SP, so you have to plan accordingly. If you manage to crit or use a move the enemy is weak to, you’ll earn a TP. Earn as many of these as you have Animon on the field, and you’ll get a TP Action, which allows you to attack with any Animon for now SP cost.

The Beauty of Being Different

LumenTale clearly operates fairly differently from most other games in the genre. It makes the game incredibly interesting from a strategy standpoint. This only grows as you progress in the game and continue to find new, more powerful Animon. The depth of combat offers pretty significant flexibility to develop your own playstyle.

Deciding how you want to build your team and what roles you might want your mons to take on plays a pivotal role in success. This is what really attracted me personally. It was something relatively simple that removed some aspects of previous incarnations that I didn’t like while giving me something to work towards.

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This feeling was only compounded as I collected more mons and developed a greater strategy with my team. It went a bit further than that, too, as you can actually upgrade various abilities of your Animon as well as improve their stats with points or certain food items. This meant that I could effectively have my mons fill in specific roles, much like a traditional RPG game.

Adding in those things gave me a level of control over my mons that I never thought possible, which was very nice to see, but it also meant that enemy mons possessed the same capabilities. That realization began to settle in very quickly as the same mons in different fights ended up surviving attacks others wouldn’t have or having a turn order that would be completely different.

Too Much Complexity Without Explanation

Buckle in because this one is going to be long. I haven’t even covered half of the things the game has on offer in terms of combat and capturing. From traits that every mon possesses one, to unknown mons levels for capture mechanics, there’s just so much here that you can’t account for without feeling like you have to memorize an entire guidebook.

This wouldn’t be a problem if the game actually offered up tutorials on everything, and to its credit, it seems like it does, but there must be some sort of bug preventing those tutorials from showing up in the tutorial menu. This just makes the game needlessly complicated in a way that isn’t fun or enjoyable.

Let’s focus on the two things I listed earlier, traits and capture mechanics. Traits are actually an incredibly integral part of the game that do all sorts of things like heal your team and do extra damage, but they cost an additional SP to use to empower a move. There are seven in total, and each mon can roll one whenever it spawns. The only way to check this is by going through the tutorials, which you cannot do in combat.

From traits that every mon possesses one, to unknown mons levels for capture mechanics, there’s just so much here that you can’t account for without feeling like you have to memorize an entire guidebook.

That means you have to memorize this, and you will eventually get the hang of it, but by god would it be so terrible to add in a reminder of what they do? It just felt like they wanted to be obstinate and demanded that you learn the game over hours of gameplay, which sucks for a mechanic that is so core to the experience.

Next on the chopping block is capture mechanics. You can wipe out a mon that you throw your Holoken at, and if you don’t instant-kill it, you’ll enter into combat with damage on the mons in combat. This sounds really awesome, and it is! There’s just one tiny problem: you have no clue what you’ll instant-kill and what you won’t.

If you’re grinding an earlier area and wiping out mons left and right, then all of a sudden, you get into several fights that slow your game way down. It isn’t something that feels like it should be that annoying, but it quickly becomes frustrating because you have no idea which ones you’ll drop immediately and which ones you won’t.

It feels like there’s too much information that isn’t readily available as a player to have a strong grasp of what’s going on. In the early game, it feels like a new world to learn, but about ten hours in, it just becomes frustrating. What’s more frustrating is that I actually love the game and what it has to offer, including a gorgeous world and interesting creatures.

An Unbelievably Creative World

There’s so much beauty in this game, even given its simplistic art style and direction. I play a lot of different games, but the use of colors and design choices here makes something that will absolutely stun most players. From the environments to the creatures themselves, it really is something gorgeous that makes the game worthwhile.

This game takes place in a futuristic society that’s divided into two halves, Logos and Mythos. One worships technology while the other prefers tradition. It’s a pretty typical sort of setup for something like a JRPG. It gets a little more interesting as you explore each area with a unique environment and unique Animon.

To top it off, the Animon look great too. They feel unique yet familiar and most often clearly convey what their type is likely to be, with only a few that manage to be a bit sneaky. The cohesiveness of everything together makes it feel like a real world rather than simply one that exists solely for players.

From the environments to the creatures themselves, it really is something gorgeous that makes the game worthwhile.

This extends beyond the visual dynamics of the world and its creatures. The story was actually the main driving force here and not simply window dressing to ferry you from one location to another, granted that is sort of what happens anyway. I really enjoyed the story and the characters, especially Trey, because he honestly has so much sass.

The writing is good and feels mostly aimed at a younger audience, but that doesn’t stop it from covering some pretty significant topics like overzealous religions and human sacrifice. I was always hungry to discover more and see what exactly the problem would be in the next location I arrived at. This was coupled with the overarching story that really grabbed me as well.

Poor Performance in a Weird Way

There’s no simple way to say this; this game ran miserably on my Switch OLED. Now mine in particular isn’t as youthful as it once was, so this could be entirely individual, but I doubt that it is. Screen stutters, FPS drops, and straight-up crashing were not uncommon occurrences in the 20 hours I played.

Combat seemed to cause my Switch to simply explode once every turn as animations started and then froze, followed by the next Animons’ turn. It wouldn’t have been so frustrating if it hadn’t happened in almost every single combat. At one point, I just had to put the game down before I nearly broke my Switch.

What became significantly more annoying was that the level design of the game was clearly based on much better hardware. For example, in the first town you visit, the last fight takes place at the top of a tower. Not uncommon for a game like this, but if you wanted to complete each floor’s challenge, it meant going through four or five loading screens at a time.

Screen stutters, FPS drops, and straight-up crashing were not uncommon occurrences in the 20 hours I played.

You’d go up the stairs and through a loading screen, only to go into a room and go through another. Then you’d unlock another door to another room for another loading screen as you exit one room, and then another loading screen as you enter a separate room. This happened for three or four straight floors, and I thought I was going to scream.

The performance needs some incredible improvements in a bad way, because as it is now, I imagine many players will spend more time moving from menu to menu and loading screen to loading screen as they play the game.

There’s Just Too Much Going On

This is already pretty long, so I’m going to wrap things up by telling you that I didn’t even cover everything the game has to offer. That’s both really amazing and really irritating. Let me see if I can list it all for you without frying your brain. There’s still the Aniverse, which acts as a place to store your Animon. You can also have them train there if you get the necessary furniture, which the game doesn’t cover in its tutorial of the place.

There are also collectible cards, a crafting system, a dex-style information place, and challenges. I’m absolutely forgetting something, but it’s almost too much to keep straight. All these systems have their own problems that need to be adjusted. For instance, the Dex doesn’t provide you with all the information on Animon you catch. Instead, you have to scan them during battles up to four times to unlock all the information.

Poke Ball Coromon Ooblets Beastieball Temtem

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The collectible cards don’t seem to serve a purpose, and neither do the challenges, as neither provides anything in return except another menu to rifle through. Instead of creating those systems, that time could’ve gone to tying up the loose ends in gameplay and performance. They are cool to have, but that’s as far as those systems go.

There are still things like weather effects and a lack of fast travel that cause the game to suffer. You do eventually get a hoverboard that makes you significantly faster, but going back through so many areas before reaching the next destination feels like it should be unlocked earlier in the game.

LumenTale Review The Group

LumenTale: Memories of Trey is among the best creature collector games we’ve gotten in years. That doesn’t stop the game from feeling like it’s collapsing under the pressure of just how different it’s trying to be. Whether it’s bug issues or performance issues, the game just reaches a point where it feels like work to play. There are a lot of genuinely great ideas here, and hopefully, things can get ironed out to be an experience that everyone on any platform can enjoy. If you enjoy creature collector games and want one that’s going to be hours upon hours of learning and fun, then this one is for you.

lumentale-tag-cover-art.jpg

Systems

PC-1

Released

May 26, 2026

Developer(s)

Beehive Studios

PC Release Date

May 26, 2026

Nintendo Switch Release Date

May 26, 2026

Pros & Cons

Beautiful environments and creatures
Innovative and fun gameplay
Deep and flexible combat

Poor performance
Needlessly complex
Lacking in readily available information

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Police issue fresh appeal in investigation into Andrew Mountbatten-Windsor

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    Police issue fresh appeal in investigation into Andrew Mountbatten-Windsor


    Police investigating Andrew Mountbatten-Windsor have made a fresh appeal for anyone with information to come forward as their inquiry continues to gather pace.

    The royal has been under mounting scrutiny in recent months following the release of documents linked to Jeffrey Epstein in the United States.

    In February, King Charles’ younger brother was arrested on suspicion of misconduct in public office before being released under investigation later the same day.

    Thames Valley Police has now confirmed the investigation is “examining a number of aspects of alleged misconduct following the release of files under the Epstein Files Transparency Act in the United States”.

    Andrew Mountbatten-Windsor has been under intense scrutiny in recent weeks (Credit: Cover Images)

    Allegations against Andrew Mountbatten-Windsor

    Back in January, the US Department of Justice released millions of files connected to convicted sex offender Jeffrey Epstein.

    Among the documents were images that appeared to show Andrew kneeling on all fours over an unidentified woman lying on the ground. No further context for the images was provided.

    Andrew also faced allegations that he shared sensitive and confidential information with Epstein during his time serving as the UK’s trade envoy.

    The 66-year-old has spent years facing questions over his past association with Epstein. Last October, renewed scrutiny resulted in Andrew losing his royal titles, honours and his home at Royal Lodge.

    Andrew’s links to Jeffrey Epstein continue to attract attention

    The royal’s connection to Epstein has repeatedly returned to the spotlight. In October, the late Virginia Giuffre’s posthumous memoir was published, detailing her alleged encounters with Andrew.

    Ms Giuffre alleged she was forced to have sex with Andrew on three occasions when she was 17 after being trafficked by Epstein. Andrew has consistently denied the allegations.

    Then, following the release of the files in January, another woman came forward claiming Epstein had sent her to the UK for a sexual encounter with Andrew.

    Andrew has always denied any wrongdoing connected to Epstein.

    Andrew Mountbatten-Windsor at Easter service
    Police has issued an update on the investigation into Andrew (Credit: Cover Images)

    Police issue update as investigation continues

    Thames Valley Police Assistant Chief Constable Oliver Wright shared a fresh statement on the ongoing investigation.

    He said: “Our misconduct in public office investigation is continuing. Misconduct in public office is a crime that can take different forms, making this a complex investigation.

    “Our team of very experienced detectives are working meticulously through a significant amount of information that has come in from the public and other sources. We are committed to conducting a thorough investigation into all reasonable lines of enquiry, wherever they may lead.

    Read more: Queen Elizabeth mentioned in new documents over Andrew Mountbatten-Windsor’s trade envoy role

    “We encourage anyone with information to get in touch with us through the normal non-urgent contact channels, such as the Thames Valley Police online portal.

    “I understand the high level of interest in this work. But please be patient as we continue to actively progress our investigation. We will provide further updates to the public and media when appropriate.”

    The latest statement is likely to keep attention firmly on the ongoing investigation as police continue examining information from multiple sources.

    What do you think of the latest update? Share your thoughts by commenting on our Facebook page @EntertainmentDailyFix.



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    Niall Horan Releases ‘End of an Era’ as Emotional Tribute to Late One Direction Bandmate Liam Payne

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      Niall Horan Releases ‘End of an Era’ as Emotional Tribute to Late One Direction Bandmate Liam Payne


      Niall Horan honored his late One Direction bandmate, Liam Payne, in his new song “End of an Era.”

      “We had it, pure magic  / Remembering what it was like / Time passes so fast that / I couldn’t tell you goodbye,” Horan, 32, opened the track, which he released on Friday, May 22.

      In the chorus, Horan sang, “Feels like letting go of / Things we’re not supposed to / One breath and it’s over  / The end of an era.”

      The lyrics to the second verse read: “Twisted and terrified / How things change overnight / Footsteps we can’t rewind.”

      Horan announced on Tuesday, May 19, that “End of an Era” would be the third single from his upcoming album, Dinner Party.

      “Julian Bunetta, John Ryan and I started the original version of this song years and years ago,” Horan wrote via Instagram, referring to his songwriting team. “We rewrote it about four times without ever feeling it was quite right. As we were working on this album, we revisited it.”

      He continued, “Some songs take a minute to get to what you’re actually trying to say. This one was one of those. I hope it means as much to you as it does to me.”

      Related: Inside Liam Payne’s Friendship With One Direction Bandmate Niall Horan

      Getty Images (2) Liam Payne and Niall Horan crossed paths just before the “Strip That Down” singer’s death on October 16, 2024 — proving that their friendship was strong even after One Direction split. The singers made their One Direction debut alongside Harry Styles, Louis Tomlinson and Zayn Malik when the band was formed on […]

      Horan’s next album, Dinner Party, will be released on June 5.

      “I felt [‘End of an Era’] needed its own space before the album comes out in a few weeks,” he added. “So, here you go.”

      “End of an Era” was completed in the months after Horan found out that Payne died in October 2024 after suffering a fatal fall in Argentina. He was 31.

      “[We] had this idea for a song that was, like, leaving your past behind but with nostalgia while being excited for the future and not overthinking either,” Horan explained on a Tuesday, May 19, episode of the “And the Writer Is” podcast. “The more we spoke about it and the more we kept getting it wrong, Julian actually said it. He was like, ‘This song is about Liam. We just don’t know it yet.’”

      Liam Payne Attended Former 1D Bandmate Niall Horan s Concert Earlier This Month Been a While 784

      Related: Liam Payne Attended Niall Horan’s Concert 2 Weeks Before Death

      Liam Payne attended former One Direction bandmate Niall Horan‘s concert in Buenos Aires, Argentina, two weeks before Payne’s death. In a Snapchat video reposted to social media earlier this month, Payne could be seen talking to the camera about hoping to reunite with Horan, 31, at his show on October 2. “I think we might […]

      Horan “subconsciously” realized that Bunetta, who had written many of 1D’s biggest hits, was right and they rearranged the track.

      “This song was written in five minutes,” the Irish singer said. “Now the song is a completely different thing, and it’s a song of loss and fear of loss and the end of an era. It’s sad [and] one verse is sad, and one verse is nostalgic. They’re two of the feelings I have when I think of Liam is sadness that he’s not with us anymore, but also looking back at … the good times of growing up together.”

      Horan, who further gushed that he has fond memories of his time in the beloved boy band, also plans to tour his Dinner Party record in Payne’s honor.

      “Obviously, it’s shocking, tough … [that] someone you know so well and that is only a couple of weeks older than you is just, like, no longer with us,” he said. “[It’s] just a surreal thing to even think about, but it fires me up because I know that Liam loved being on stage and stuff like that. That would make me excited to get on tour and do it for the fans because I know that he loved it as much as I did.”

      Dinner Party will be available Friday, June 5, ahead of Horan’s Dinner Party Live On Tour from 2026 to 2027.



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      Polymarket Taps Jupiter Exec to Lead Japan Push: Report – Decrypt

      Polymarket Taps Jupiter Exec to Lead Japan Push: Report – Decrypt



      In brief

      Polymarket has reportedly appointed a Japan representative ahead of a regulatory approval bid.
      Mike Eidlin, formerly head of Japan at crypto firm Jupiter, will lead the effort, according to Bloomberg.
      The prediction market is aiming for authorization to operate in Japan by 2030.

      Polymarket has appointed a representative in Japan as it prepares to seek government approval to operate prediction markets in the country, according to Bloomberg. Sources familiar with the matter told the outlet that the company is aiming to secure regulatory authorization by 2030.

      Mike Eidlin, who serves as head of Japan at crypto firm Jupiter according to his LinkedIn profile, has been appointed to lead Polymarket’s expansion in the country, Bloomberg reported.

      Japan currently sits on Polymarket’s list of restricted jurisdictions, where users are blocked from accessing the platform due to “regulatory requirements and compliance with international sanctions.”

      The legal backdrop is strict. Japan’s Penal Code stipulates that a person who habitually gambles could face up to three years in prison, while operating a gambling business is punishable by between three months and five years of imprisonment.

      A Polymarket spokesperson told Bloomberg that the firm has seen “meaningful organic interest from users” in Japan and Asia, adding that it is “always evaluating opportunities to expand access globally in compliant and locally appropriate ways.”

      

      The platform’s Japanese X account has already attracted more than 53,000 followers, and some 169 active Polymarket contracts are tied to Japanese events, including Bank of Japan rate decisions and political outcomes.

      Polymarket’s Japan push comes as it faces a mixed global picture, jockeying with rival prediction market platform Kalshi. Polymarket posted notional volumes of $9.967 billion in April, down from $11.275 billion in March, per DeFiLlama, while Kalshi saw volumes rise from $13.211 billion in March to $14.647 billion in April. Kalshi’s valuation hit $22 billion after a $1 billion raise in March, with Polymarket sitting at a $9 billion valuation following a $2 billion investment from Intercontinental Exchange in October 2025.

      Regulators in several jurisdictions are scrutinizing the prediction market sector. South Korea’s Korea Communications Standards Commission is examining whether Polymarket hosts illegal gambling content, per local media outlets, while Indian authorities have blocked access to Polymarket and are in the process of blocking Kalshi, according to local reports citing an official at the Ministry of Electronics and Information Technology.

      Polymarket secured approval from the CFTC to re-enter the U.S. market last year, after being pushed offshore over operating a futures contract platform without a license to do so. The prediction market platform has faced pushback from U.S. state gaming regulators, sparking a legal set-to between states and the CFTC and Department of Justice—with the federal agencies this week suing Minnesota over a newly signed bill that bans prediction markets in the state.

      Japan’s cabinet last month approved a bill that would reclassify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, prohibiting insider trading and requiring annual disclosures from issuers.

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      Ethereum Layer 2 Zero Network to Cease Operations After 1.5 Years – NFT Plazas

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        Ethereum Layer 2 Zero Network to Cease Operations After 1.5 Years – NFT Plazas


        Zero Network, the gasless Ethereum Layer 2 blockchain built by crypto wallet company Zerion, is shutting down — ending an ambitious 18-month experiment that sought to eliminate one of crypto’s most persistent user experience barriers: gas fees.

        The announcement, made Thursday via the social media platform X, confirmed that Zerion is redirecting all resources toward its core API and wallet products. “We’re winding down ZERϴ Network to double down on [Zerion’s] API and wallet,” the team wrote. For users still holding assets on the network, the clock is ticking: bridging into Zero has already been suspended, and all NFTs, ETH, and other tokens must be bridged out by the end of July 2026.

        A Bold Idea That Launched With Promise

        When Zero Network went live in November 2024, it arrived with genuine ambition. Built on the ZK Stack — the same zero-knowledge technology underpinning ZKsync — and positioned within the Elastic Chain ecosystem, Zero was designed as the first fully EVM-compatible, gasless rollup aimed at mainstream adoption.

        The pitch was straightforward and consumer-friendly: Zerion Wallet users could send USDC to friends, mint NFTs, swap tokens, and bridge from other Layer 2 networks — all without a single cent in gas fees. Under the hood, the network used native account abstraction with Smart Accounts and Paymasters to sponsor transactions, combined with a proprietary scoring mechanism called Onchain DNA, which evaluated whether a given address qualified for fee-free activity.

        “We believe people shouldn’t need to pay to transact and explore onchain,” said Zerion co-founder and CEO Evgeny Yurtaev at launch. “It’s not only about the cost but the mental load.”

        The launch was backed by angel funding from notable crypto figures including Cooper Turley, Spencer Noon, Yearn lead developer Banteg, and ZKsync’s Alex Gluchowski.

        Ethereum Layer 2 Zero Network to Cease Operations After 1.5 Years

        Ethereum Layer 2 Zero Network to Cease Operations After 1.5 Years

        Operational Struggles Behind the Scenes

        Despite the promising debut, Zero Network faced significant technical turbulence during its brief lifespan. In late December 2025, the network halted block production entirely — a stoppage that stretched over three weeks. Zerion said it was working with infrastructure partners Caldera and ZKsync to restore operations, which it aimed to do by mid-January 2026.

        Data from blockchain analytics platform L2BEAT confirmed a state update gap of over 26 days between December 19, 2025 and January 15, 2026 — an extended anomaly that raised questions about the network’s long-term operational reliability.

        Earlier in 2025, a separate multi-hour outage linked to sequencer instability had also rattled users, highlighting the fragility of even well-engineered ZK-rollup infrastructure when dependent on centralized components like sequencers and RPC providers.

        A Strategic Pivot, Not a Failed Vision

        In Thursday’s announcement, the Zero team was careful to distinguish between the product and the principle behind it. The vision — a frictionless, gasless crypto experience for everyday users — remains sound, they said. What changed was the team’s assessment of how to get there.

        “Maintaining a standalone blockchain was the wrong path to realize it,” the team acknowledged. The best path forward, they concluded, is “[focusing] our resources where they have the greatest impact for the people who are using our products every day.”

        Zerion, founded in 2016, operates a self-custody crypto wallet available across mobile and web browser extensions. By doubling down on its API and wallet services, the company appears to be betting that infrastructure-layer tools — rather than a proprietary chain — offer a more durable and scalable route to delivering gasless experiences.

        A Strategic Pivot, Not a Failed VisionA Strategic Pivot, Not a Failed Vision

        A Strategic Pivot, Not a Failed Vision

        Part of a Broader Crypto Shakeout

        Zero Network’s closure is not an isolated event. It arrives amid a stark wave of shutdowns across the crypto sector, with several high-profile projects folding in the same 48-hour window.

        Cross-chain infrastructure startup Everclear (formerly Connext) announced Thursday that its core UI, protocol, foundation, and research lab are all shutting down. Despite reaching monthly transaction volumes of $500 million, the project said it “never developed the commercial depth we needed” and was unable to convert volume into revenue. Its CLEAR token fell roughly 49% in 24 hours following the news.

        Everclear Price Chart (Source: Coingecko)Everclear Price Chart (Source: Coingecko)

        Everclear Price Chart (Source: Coingecko)

        On Wednesday, Syndicate Labs — an a16z-backed Ethereum infrastructure provider with over $20 million in Series A funding — announced it was closing after five years, citing a fundamental market shift away from reusable EVM rollup frameworks toward custom-built chains. Crypto card game Fantasy.top also shuttered on the same day, saying its trading volume “was not sufficient to sustain” continued operations.

        The macro backdrop is grim. Bitcoin has fallen roughly 40% from its October 2025 peak of $126,000, and the crypto industry has shed more than 5,000 jobs so far in 2026. Analysts note that consolidation has pushed users and liquidity to dominant Layer 2 networks like Base and Arbitrum, squeezing out smaller, niche infrastructure plays.

        “The rollup infrastructure market has consolidated around a few dominant Layer-2 networks,” Ryan Yoon, senior analyst at Tiger Research, told Decrypt. “There’s a clear shift where projects prefer subnets or existing infrastructure over building new L2s.”

        What Users Need to Know

        For those with assets still on Zero Network, the immediate priority is clear: bridge out before July 31, 2026. The team has assured users that all funds are safe and accessible. Bridging into the network has already been disabled, so no new deposits can be made.

        Users can access the bridge via the Zerion Wallet interface on mobile or via the browser extension.

        The Takeaway

        Zero Network’s story is, in many ways, a microcosm of the broader Layer 2 landscape in 2026: technically innovative, consumer-minded, but caught between the difficulty of bootstrapping a sovereign blockchain and the gravitational pull of dominant incumbent networks. The gasless transaction thesis hasn’t been abandoned — it’s just moving off-chain. Whether Zerion’s wallet and API can deliver that promise more efficiently than a standalone rollup remains to be seen.

        What’s clear is that the easy days of launching new chains are over. In this market, execution depth matters more than infrastructure ambition.



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        Binance Launches SpaceX Pre-IPO Perps Amid $2 Trillion Valuation Bets – NFT Plazas

        Binance Launches SpaceX Pre-IPO Perps Amid  Trillion Valuation Bets – NFT Plazas


        Cryptocurrency exchange Binance has unveiled a bold new financial product that lets everyday retail investors speculate on SpaceX’s valuation ahead of what could become the largest initial public offering in stock market history. The move signals a growing convergence between the crypto world and traditional capital markets — and underscores just how much anticipation has built around Elon Musk’s rocket and satellite empire going public.

        What Binance Has Launched

        Binance, the world’s largest cryptocurrency exchange by trading volume, has introduced a “Pre-IPO Perpetual Contract” tied to SpaceX, settling in Tether (USDT) under the ticker SPCXUSDT. The product allows traders to take positions on what SpaceX’s market capitalization will be when the company eventually lists on a public exchange — before a single share trades publicly.

        Perpetual contracts are a staple of crypto derivatives markets. Unlike traditional futures, they have no expiry date, making them popular for traders who want ongoing exposure to an asset’s price movement. By linking this structure to a pre-IPO company, Binance is effectively creating a live, tradeable market for private company valuations — territory that has historically been the exclusive domain of venture capitalists and institutional investors.

        Pricing for the contracts is derived from publicly available information, including prior fundraising rounds, private valuations, and expected offering ranges. Once SpaceX officially lists on a public exchange, the perpetual contract will transition to tracking the live share price.

        SPCXUSDT Pre-IPO Perpetual (Source: Binance Futures)

        SPCXUSDT Pre-IPO Perpetual (Source: Binance Futures)

        The SpaceX IPO: Historic Stakes

        SpaceX is targeting a mid-June listing on the Nasdaq stock exchange under the ticker symbol “SPCX,” and the numbers being discussed are staggering. The company is reportedly pursuing a valuation of $1.75 trillion at the time of listing — but market sentiment is running even hotter than that. Traders on the prediction platform Polymarket are currently pricing in a 70% probability that SpaceX’s IPO will close above a $2 trillion valuation, which would make it the most valuable company ever to go public.

        For context, SpaceX was most recently valued at $1.25 trillion earlier this year following its high-profile merger with xAI, Elon Musk’s artificial intelligence venture. The jump to a potential $2 trillion IPO valuation would represent a significant re-rating — one that investors appear willing to bet on.

        SpaceX’s SEC filing added further intrigue to the story. The company’s S-1 revealed that it holds 18,712 Bitcoin, acquired at an average price of around $35,000 per coin — a crypto treasury position that will appeal to the digital-asset crowd now being courted by Binance’s new product. The filing also disclosed first-quarter revenue of $4.69 billion alongside a net loss exceeding $4.2 billion, reflecting the capital-intensive nature of the aerospace business.

        The SpaceX IPOThe SpaceX IPO

        The SpaceX IPO

        Democratizing Access — Or Adding Risk?

        Binance is framing the launch explicitly as a democratization play. “Pre-IPO perpetual futures is another example of how Binance is democratizing access to market opportunities by combining crypto-native infrastructure with major financial events,” the exchange said in a statement. Shunyet Jan, Binance’s Head of Spot and Derivatives Business, elaborated that the product gives retail users “a more flexible way to engage with anticipated IPOs earlier” — and that it is part of Binance’s broader ambition to become a “financial super app.”

        Historically, pre-IPO exposure has been locked behind accreditation requirements and private placement rules, accessible only to institutional entities, family offices, and venture capital firms with existing relationships. By packaging SpaceX exposure as a crypto derivative, Binance sidesteps those barriers entirely.

        Critics, however, may point out that perpetual contracts — particularly those tied to illiquid, privately-held companies — carry unique risks. Pricing is inherently speculative when based on private fundraising rounds rather than real-time market data, and leverage amplifies both gains and losses. Retail traders accustomed to crypto volatility may underestimate the added complexity of pre-IPO instruments.

        A Crowded New Arena

        Binance is not alone in moving into this space. In recent weeks, rival platforms OKX, Crypto.com, and decentralized exchange Hyperliquid have each launched their own pre-IPO trading products, reflecting a broader industry push to capture retail interest in high-profile public listings. The competition suggests that pre-IPO derivatives could become a durable product category rather than a one-off novelty.

        The timing is deliberate. Appetite for IPO-linked speculation is at a fever pitch, fueled by a pipeline of marquee listings and the mainstream visibility of prediction markets. Binance’s move to lead with SpaceX — arguably the most anticipated IPO of the decade — is a clear play to capture that momentum and cement its position at the intersection of crypto and traditional finance.

        Whether SpaceX ultimately hits $1.75 trillion, clears $2 trillion, or surprises in either direction, one thing is certain: the market for betting on that outcome is already very much open.



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        Binance Pushes Back Against Fresh WSJ Claims Over Iran-Linked Transactions

        Binance Pushes Back Against Fresh WSJ Claims Over Iran-Linked Transactions


        Binance Co-CEO Richard Teng denies WSJ allegations on May 21, 2026, citing inaccuracies and omitted context

        Transactions in question occurred before individuals were formally sanctioned, according to Teng’s statement

        Dispute between Binance and WSJ escalated in February 2026, with Binance filing a lawsuit in March

        Binance Co-CEO Richard Teng has publicly rejected fresh Wall Street Journal (WSJ) reporting tied to alleged Iran-linked crypto transactions, accusing the publication of omitting critical context surrounding the exchange’s compliance practices.

        In a statement posted on X, Teng said the May 21, 2026 report, titled “Iran Moved Billions Through Binance to Fund Regime—Continuing Into This Month,”  contained “fundamental inaccuracies” regarding Binance’s operations and sanctions enforcement procedures.

        “Fact: Binance proactively investigated these issues before the WSJ outreach. Binance provided these facts to the WSJ and it did not print them,” Teng said, referring to earlier reporting tied to alleged Iran-linked transactions.

        Binance shares compliance details

        In the same post, Teng said that the transactions referenced in the latest reporting took place before the individuals involved were formally sanctioned. He also defended Binance’s anti-money laundering framework, saying the exchange maintains a “zero-tolerance” approach toward illicit finance and continues cooperating with global law enforcement agencies.

        The latest comments also build on a broader legal and regulatory battle between Binance and The Wall Street Journal that escalated earlier this year.

        In February 2026, Richard Teng previously described WSJ reporting tied to alleged $1 billion Iran-linked crypto transfers as “false” and “defamatory,” while Binance demanded a full retraction from the publication. The exchange later filed a lawsuit against WSJ in March after reports alleged Binance dismantled an internal investigation into transactions tied to Iranian-linked entities. On the same day, reports also indicated the U.S. Department of Justice (DOJ) had opened a fresh probe into whether Iran used Binance to evade U.S. sanctions.

        Moreover, a Fortune report during that time made similar claims and said internal investigators flagged more than $1 billion in suspicious flows allegedly connected to networks linked to Iran-backed groups. Binance denied those allegations and disputed claims that employees were dismissed for raising compliance concerns. Founder Changpeng Zhao also responded to that report and called the allegations “self-contradictory” and claimed that the report had relied too much on unnamed, anonymous sources, thus risking lopsided narratives.  

        Compliance scrutiny expands across crypto industry

        The dispute comes as regulators globally increase scrutiny around sanctions enforcement, transaction monitoring, and anti-money laundering controls across crypto platforms.

        Since Binance’s multibillion-dollar U.S. settlement in 2023, the exchange has continued expanding its compliance operations, regulatory oversight programs, and law enforcement coordination efforts. In February this year, following the media reports questioning how it handles sanctions-related risks, Binance also shared its compliance framework saying that 25% of its global workforce works in compliance-related roles and that after it made more reforms sanctions risks also dropped 97%.

        Meanwhile, regulators in the United States, Europe, and Asia are increasingly focused on how exchanges identify sanctioned entities, monitor cross-border flows, and prevent illicit finance through stablecoins and digital asset networks.

        The broader compliance debate also arrives as crypto firms expand deeper into payments, tokenized finance, stablecoins, and institutional infrastructure, increasing pressure on exchanges to align more closely with traditional financial regulatory standards.

        Also read: Galaxy and BitGo Battle in Delaware Court Over Collapsed $1.2B Crypto Merger


        Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.







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        Friday Polos restocked – with new colours

        Friday Polos restocked – with new colours


        Friday Polos restocked – with new colours

        Friday, May 22nd 2026
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        ||- Begin Content -||

        The Friday Polo is the longest-running product we’ve consistently done on PS, but in the past few years I’ve found I wear it in a different way to how I used to. Although it was designed to work well with tailoring, I now wear it more commonly loose and untucked. 

        Perhaps that’s just a gap in my wardrobe – I particularly benefit from an easy piece to leave tucked out in the summer. And it is something I consistently take away with me when I’m travelling now, as does Lucas. 

        When we were in LA recently, it was particularly striking because we were actually going from pool to bar. We stayed at the Chateau Marmont, and would often have a swim after coming back from the day’s appointments, before going to the bar across the courtyard for a drink. (I know, it’s a hard job but someone’s got to do it.)

        OK, in practice we’d usually go via our rooms to drop off hats, books and other bits from the pool. But the Polo itself transitioned effectively – I could wear a black one with a pair of tobacco swim shorts (this colour combination) then swap the shorts for a pair of linen trousers – as shown below. 

        Versatility has always been a big selling point at Permanent Style, and I think that must be because we deal with so many readers who are starting out on their sartorial journeys, and therefore value clothes that do more than one job. Perhaps also, because these things are all expensive, so it helps justify the outlay. 

        Either way, versatility is a significant part of the appeal of the Friday Polo, and we’ve used the photography here to demonstrate that with the three colours being stocked today: black, brown and pale yellow. 

        Navy and white Friday Polos have been around for a long time, and by this point I’m sure a lot of readers already have one. But black is my favourite alternative to navy, because it looks so elegant in the evening and yet looks also great with a tan at the beach. 

        Brown is perhaps the most unexpected as a summer colour, but it’s a particular favourite of Lucas’s and he finds it very versatile – both because it’s softer than black, and because it goes well with lots of colours: neutrals like grey and navy but also green and beige. 

        Lucas is wearing his in two combinations here: one more standard and one more unusual. 

        The more standard outfit is above, with beige shorts (cord ones, from Buck Mason). The more unusual is with jeans in a different shade of brown (below, from Taillour). 

        As we’ve talked about in the past, mixing different shades of a single colour in major parts of an outfit isn’t easy, but it can be satisfying when done well. It’s almost a definition of the first stage towards advanced dressing. 

        I like the browns Lucas has here, broken by the black belt and with contrast also provided by the black shoes and white tee. 

        Wearing a T-shirt under the Friday Polo is a little counter-intuitive, but it lends it a pleasingly sporty, preppy feel. And it adds a little warmth, making the piece more versatile still. 

        My favourite colour by far, however, is the pale yellow

        Yellows are not easy to get right – we’ve looked for a long time for a good yellow cashmere for example, without success. But the PS Oxford Shirt in yellow is good because it’s so pale, and the same goes for this version of the Friday Polo. 

        You could almost call it cream it’s so pale, but a light or pale yellow is probably more accurate. It’s certainly a shade more yellow than the oxford

        Yellows like this are especially nice with blue denim, and that’s how I enjoy it most. But in a casual mode, worn with shorts, it’s also wonderful with beige, navy, green, brown. It has that faded upper-class vibe that’s so key to many Ivy looks, and indeed has become more trendy in recent years as ‘old money’ style.  

        With tailoring, I like the pale yellow under a grey jacket, a light green or navy. A nice navy cotton Harrington in particular is excellent. 

        The Friday Polo is in stock now in black, brown and pale yellow, plus the existing colours of navy and white. I am wearing a size medium in the pictures, while Lucas is wearing a double-extra large. 

        For all other details on the Polo, see the product page here

        The other clothes shown are:

        On Simon:

        Vintage Ralph Lauren cap
        Vintage Levi’s 501s
        EB Meyrowitz ‘Hardy’ sunglasses
        Rubato brown pigskin belt
        Edward Sexton Hollywood-top trousers
        Baudoin & Lange ‘Sagan’ loafers

        On Lucas:

        Moscot ‘Lemtosh’ glasses with ‘Cliptosh’ sunglasses
        Chan Luu ‘Santos’ agate necklace
        Buck Mason ‘Beach Cruiser’ cord short in natural
        PS Undershirt
        Vintage Brooks Brothers belt
        Edward Green Pimlico loafers
        Taillour ‘Atelier’ jean in brown

        <!–

        –>



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