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Crypto News

Meta Explores Stablecoin Use for Cross-Border Payments

Meta, the parent company of Facebook, Instagram, and WhatsApp, is in discussions with several cryptocurrency firms to explore the use of stablecoins for cross-border payments. The initiative, which is in its early stages, aims to reduce payment costs, particularly for small payouts on the Instagram ... Read More

Crypto News

Trumps Former Lobbyist Brian Ballard Sidelined After Crypto Reserve Push

Former Donald Trump lobbyist Brian Ballard has been sidelined by the White House following an incident at Mar-a-Lago in March. During a resort event, an employee of Ballard repeatedly urged Trump to post a message on Truth Social about a "Crypto Strategic Reserve." The employee failed to disclose ... Read More

Crypto News

Coinbase Lists Space and Time (SXT) on Ethereum Network

Coinbase, one of the largest cryptocurrency exchanges, has announced its support for Space and Time (SXT), an ERC-20 token on the Ethereum network. This move indicates Coinbase's growing interest in the Ethereum ecosystem and its expanding range of supported tokens. The transfer of SXT is now open,... Read More

Crypto News

Solanas Pump Fun Exposed As Scam Haven

The cryptocurrency space has long been plagued by scams and manipulative schemes, and a recent report by Solidus Labs has shed light on the alarming extent of this issue on Solana's Pump fun. According to the report, a staggering 98.6% of the 7 million tokens launched on the platform since 2024 have... Read More

Crypto News

Sei Network Considers Shifting Focus to EVM-Only Chain

Sei Network developers have proposed a significant architectural shift that would end support for the Cosmos SDK in favor of an Ethereum Virtual Machine (EVM)-compatible ecosystem. The proposal aims to simplify the network's architecture and streamline development efforts. Currently, Sei Network ... Read More

Crypto News

Powells FOMC Meeting Highlights: Mixed Signals on Rate Cuts

Federal Reserve Chairman Jerome Powell's recent comments at the FOMC meeting have sparked mixed reactions among market participants. While Powell acknowledged the need to monitor incoming data closely, he did not commit to any specific number of potential interest rate cuts this year. This lack of ... Read More

Crypto News

Bitcoin Spot ETFs Surge, Ethereum Sees Outflows

Bitcoin spot ETFs witnessed a significant influx of $142 million on May 7, marking a notable milestone in the cryptocurrency market. Remarkably, none of the twelve Bitcoin ETFs recorded any net outflows, indicating a strong investor interest and confidence in the leading cryptocurrency. This surge ... Read More

Crypto News

Trump Administration to Launch Trade Talks with 20 Countries

The Trump administration is gearing up to initiate trade negotiations with approximately 20 countries, as part of a broader strategy to establish template agreements for future trade talks. The list of countries involved in these discussions includes Japan, South Korea, Vietnam, the UK, India, ... Read More

Crypto News

BlackRock Meets SEC on Crypto Regulations

BlackRock, the world's largest asset manager, has requested a meeting with the SEC Crypto Task Force to discuss several key issues related to the regulatory treatment of cryptocurrencies. The meeting is expected to focus on the regulatory framework for staking and its application in Exchange-Traded ... Read More

Crypto News

Tidal Financial Group Files for Bitcoin-Gold Hedged ETF

Tidal Financial Group, under its Battleshares brand, has submitted a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a novel exchange-traded fund (ETF) that pairs Bitcoin and gold as opposing assets. The proposed ETF, which will employ a long-short strategy, ... Read More

Crypto News

Ethereum and Solana Futures Launch Soon

The Brazilian stock exchange, B3, is set to launch Ethereum (ETH) and Solana (SOL) futures contracts on June 16, after receiving approval from the country's securities regulator, CVM. This move marks a significant step forward for the adoption of cryptocurrencies in Brazil, providing investors with ... Read More

Crypto News

Taiwan Considers Bitcoin Reserve Inclusion

The call to include Bitcoin in Taiwan's diversified reserves has gained momentum, with legislator Ko Ju-Chun urging the government to consider the move. According to Ko, Bitcoin possesses hedging properties that can enhance the resilience and adaptability of Taiwan's financial system. This proposal ... Read More

Crypto News

Frankfurt Prosecutors Office Seizes Crypto Platform eXch, Confiscating 34M Euros

The Frankfurt Prosecutor's Office has taken decisive action against the cryptocurrency platform eXch, announcing the seizure of the platform and confiscation of its infrastructure, along with 34 million euros in assets. This move comes as part of an ongoing investigation into eXch's alleged ... Read More

Crypto News

Bitcoin ETFs See Significant Inflows Recently

The cryptocurrency market has witnessed a notable shift in investor sentiment, as evidenced by the recent flow of funds into Bitcoin spot ETFs. On May 8, these ETFs saw a total net inflow of $117 million, indicating a significant increase in investor interest in the largest cryptocurrency by market ... Read More

Crypto News

Bitcoin Awaits Regulatory Clarity Expansion

The recent statement from Anthony Scaramucci, founder of SkyBridge, highlights a significant development in the cryptocurrency space, particularly for Bitcoin. According to Scaramucci, sovereign wealth funds (SWFs) have started making small-scale purchases of Bitcoin. This move indicates a growing ... Read More

Crypto News

Bitcoin Price Still Undervalued Currently

The recent statement from Michael Saylor, founder of MicroStrategy, sheds light on the current state of the Bitcoin market. According to Saylor, Bitcoin has not yet reached its projected price of $150,000 due to the lack of a long-term investment mentality among some holders. It appears that when ... Read More

Crypto News

BitMarts New CEO Chow Emphasizes Security and Community-Centric Strategy

BitMart, one of the world's leading digital asset trading platforms, has recently appointed Nathan Chow as its new CEO. Chow, also known as Nenter, has outlined a clear vision for the company's future, prioritizing security and community building. In an interview, Chow stressed that security is ... Read More

Crypto News

Senate Expands Crypto Regulatory Oversight

The revised GENIUS Act (S. 1582) introduced in the U.S. Senate marks a significant expansion of regulatory oversight in the cryptocurrency space, particularly for foreign stablecoin issuers. Under this legislation, stablecoin issuers such as Tether, which serve U.S. users, will be required to comply... Read More

Crypto News

Asias Top Crypto News: China Cuts Interest Rates, Bitcoin Advocacy in Taiwan and Kyrgyzstan

China's central bank announced interest rate cuts for the first time in three years, signaling a potential shift in monetary policy that could boost the crypto market. Meanwhile, a Taiwanese lawmaker proposed incorporating Bitcoin into the country's diversified reserves. In Kyrgyzstan, Binance CEO ... Read More

Crypto News

BSV Investors Seek to Revive $13B Lawsuit Against Binance

In a surprising turn of events, investors in Bitcoin SV (BSV) are attempting to resurrect a lawsuit that was dismissed by the UK Competition Appeal Tribunal in 2024. The lawsuit, which was initially filed against Binance, alleges that the cryptocurrency exchange's decision to delist BSV in 2019 ... Read More

Crypto News

Adams Invites Crypto Firms to New York, Warns Against Overregulation

New York Mayor Eric Adams is making a bold move to position the city as a global cryptocurrency hub. He has issued an open invitation to crypto companies to set up operations in New York, emphasizing the city's potential to become a leader in the burgeoning industry. To further solidify its ... Read More

Crypto News

SEC Shifts Towards Crypto Friendly Regulations

The Securities and Exchange Commission (SEC) has taken a significant step towards creating a more favorable environment for cryptocurrencies. SEC Chair Paul Atkins announced at the fourth Crypto Task Force roundtable that the agency will adopt a more crypto-supportive regulatory framework. This move... Read More

Crypto News

Bitcoin Spot ETFs See Fourth Consecutive Week of Inflows

The Bitcoin spot ETF market experienced a notable surge last week, with $934 million in net inflows recorded between May 5 and May 9. This marks the fourth consecutive week of inflows, indicating a growing trend in investor interest and confidence in the digital asset. The sustained inflows suggest ... Read More

Crypto News

Amber International Launches $100M Crypto Ecosystem Reserve

Amber International, a leading crypto finance firm, has made significant strides in the digital asset space with the launch of its $100 million Crypto Ecosystem Reserve. This innovative initiative is powered by an AI-driven engine and focuses on a diverse range of assets, including BTC, ETH, BNB, ... Read More

Crypto News

Bitcoin Treasury Backs New Entity

The recent announcement from Bitcoin Magazine has sent shockwaves throughout the cryptocurrency and healthcare industries. The magazine's CEO, David Bailey, and its holding company, Nakamoto, have successfully raised a staggering $710 million in funding. This significant investment has enabled the ... Read More

Crypto News

Backpack Exchange to Launch FTX EU User Withdrawals on May 12, 2025

Backpack Exchange, a leading crypto asset management company, has announced that it will officially commence the withdrawal process for former FTX EU users on May 12, 2025. This marks the final stage of Backpack's fund distribution efforts following its acquisition of FTX EU. In preparation for ... Read More

Crypto News

Hyperliquid Hits All-Time Inflow Record with $548 Million

Hyperliquid, the decentralized finance (DeFi) platform, has achieved a significant milestone in the cryptocurrency space. According to the data dashboard provided by @sankineth, Hyperliquid experienced a net inflow of $548 million during the week of May 5-11, marking an all-time high. This ... Read More

Crypto News

Hacker Impersonates Ledger Admin to Steal Assets via Phishing

A cunning attacker managed to breach the account of a community administrator at the hardware wallet company Ledger. The malicious individual then proceeded to impersonate the official Ledger account to issue a fake security vulnerability warning to Ledger users. The fraudulent alert instructed ... Read More

Crypto News

Coinbase Invests in Canadian Stablecoin Issuer Stablecorp

Coinbase, one of the largest cryptocurrency exchanges globally, has made a strategic investment in Stablecorp, a Canadian stablecoin issuer. This move is aimed at supporting the development and promotion of QCAD, a fiat-collateralized stablecoin designed specifically for the Canadian market. During... Read More

Crypto News

Wyoming Stable Token Partners with Inca Digital for AML Compliance

The Wyoming Stable Token Commission has joined forces with Inca Digital to establish robust anti-money laundering (AML) surveillance and risk management systems for the upcoming state-backed stablecoin, WYST. This collaboration is a significant step towards ensuring the stability and integrity of ... Read More

Crypto News

VanEck Launches Cross-Chain Treasury Fund for Institutional Investors

VanEck, a leading provider of financial products, has introduced the VanEck Treasury Fund (VBILL), which allows institutional investors to access short-term U.S. Treasury investments across multiple blockchain networks. The fund is currently available on Avalanche, BNB Chain, Ethereum, and Solana, ... Read More

Crypto News

Paris Police Investigate Kidnapping Attempt Involving Crypto Executives Relative

A concerning incident has unfolded in Paris, as an attempted kidnapping targeting a relative of a cryptocurrency company executive has been reported. The alleged abduction attempt took place in the city's 11th arrondissement, raising immediate concerns about potential motives and implications. ... Read More

Crypto News

Robinhood Acquires WonderFi for $180 Million

Robinhood Markets has made a significant move in the cryptocurrency space by announcing its acquisition of WonderFi, a Canadian digital asset platform, in an all-cash deal valued at approximately CAD 250 million (about USD 180 million). This acquisition is a strategic step for Robinhood as it seeks ... Read More

Crypto News

Bitcoin ETFs See Consecutive Inflows Rise

The cryptocurrency market has witnessed a notable shift in investor sentiment, as evidenced by the recent flow of funds into spot Bitcoin exchange-traded funds (ETFs). On May 12, these funds recorded a total net inflow of $5.0967 million, marking the fourth consecutive day of net inflows. This ... Read More

Crypto News

Hong Kongs Animoca Brands to Go Public in New York

Hong Kong-based crypto investment firm Animoca Brands is set to go public in New York, according to the Financial Times. The company's co-founder Yat Siu highlighted the Trump administration's relaxed regulation of crypto assets as a key factor in the decision. Animoca, which was previously valued ... Read More

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