Bitcoin ETF Outflows Hit $1.55B, UK Sanctions Crypto Exchange for Russia War Financing, and DeFi Loses a Visionary

Bitcoin ETFs shed $1.55B in 6 straight sessions as macro rate pressure drives institutional exits. The UK becomes the first government to apply banking-style sanctions to a crypto exchange. XRP Ledger upgrades on schedule. And the DeFi world mourns Ondo Finance founder Nathan Allman, who passed away unexpectedly on May 25.