#ElonMuskDOGEDeparture Main Crypto Headlines – May 31, 2025

1. Thailand Bans International Crypto Exchanges

Thailand has implemented a ban on international cryptocurrency exchanges, aiming to regulate the digital asset market more strictly within its borders. This measure is expected to impact trading volumes and may influence the regional crypto dynamics.

2. Elon Musk Resigns from the U.S. D.O.G.E Service

Elon Musk has stepped down from his position at the U.S. D.O.G.E Service, a development that could affect the future trajectory of Dogecoin and related projects. Investors are on the lookout for new announcements.

3. Top U.S. Exchange Introduces Yield on XRP

One of the leading cryptocurrency exchanges based in the U.S. is about to launch options that generate yield for XRP, transforming it from a "hold-only" asset into one that can generate passive income. This initiative may attract more investors to XRP.

4. Livepeer (LPT) Rises Over 43%

Livepeer (LPT) experienced a significant price increase of over 43% in the last 24 hours, making it one of the best-performing cryptocurrencies today. This surge is attributed to the growing interest in decentralized video streaming platforms.

5. Bitcoin ETF Sees Zero Inflows

Invesco's Bitcoin ETF reported zero inflows on May 31, 2025, signaling a pause in institutional investment. This stagnation may reflect market uncertainty or a wait-and-see approach from large investors.

6. Crypto Market Sentiment Shifts to 'Greed'

The Crypto Fear and Greed Index shifted from "Fear" to "Greed," indicating an increase in investor confidence. This change suggests a more optimistic outlook for the market in the short term.

7. 'King of Crypto in Kentucky' Involved in Kidnapping Plot

A notorious figure known as the 'King of Crypto in Kentucky' has been accused in connection with the kidnapping and torture of an Italian trader in a Bitcoin theft scheme.