Daily recap — May 27

Lead stories

Up to $16,000,000 belonging to Russian users may have become stuck on exchanges after the United Kingdom introduced new sanctions against Russian exchange services and payment platforms.

One of the most well-known Ethereum evangelists, David Hoffman, sold all of his ETH and explained that he no longer sees the coin as the main growth asset of the ecosystem.

Russia’s State Duma approved in the first reading a bill introducing penalties for illegal mining — such offenses could be punished with fines of up to 1.5 million rubles, 480 hours of mandatory labor, or up to 2 years of forced labor.

The Base network launched an MCP server for AI agents — users can now manage wallets through Claude, ChatGPT, or Cursor using simple text commands.

Rostelecom and MTS have started showing interest in the crypto market following the easing of regulations in Russia.

Russian authorities want to ban mining in Moscow, the Moscow region, and part of the Kursk region until 2032 due to the heavy load on the energy system.

Binance co-founder Yi He was included in the Fortune Most Powerful Women in Business 2026 list — marking the first time a crypto industry executive has appeared in the ranking.

Banca Sella, one of Italy’s largest banks with €34 billion in assets, became the country’s first bank to receive a license for crypto asset custody and transfers.

Polymarket wants to introduce mandatory KYC verification for traders amid regulatory pressure and sanctions-related risks.

Also available in