Bitcoin's Value Drops Below $27K Following UK Inflation Report.

Bitcoin's value dropped below $27,000 following the release of poor UK inflation figures, with the core Consumer Price Index (CPI) for the UK coming in at 6.8% in April, the fastest pace of core inflation since 1992. Meanwhile, Binance has denied allegations that it commingled customer funds with company revenue, and Japan is set to implement stricter anti-money laundering measures, including the "travel rule" of the Financial Action Task Force (FATF) from June 1.