Key points: The total crypto market cap fell 2.60% to $3.34 trillion on May 30, fueled by stalled US-China trade talks. Over $683.4 million in crypto futures liquidated, with $617.85M in longs reinforcing the intensity of the selling pressure. Total crypto market cap risks falling toward $3.1 trillion after breaking below a descending parallel channel. […]
Why is the crypto market down today? Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Russia’s central bank has taken a cautious step toward crypto market engagement by authorizing a restricted group of qualified investors to access cryptocurrency-linked financial products. According to a statement released by the Bank of Russia on Wednesday, regulated financial institutions will now
Russia Authorizes Limited Crypto Derivatives Trading for Qualified Investors Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit against Binance, the world’s largest cryptocurrency exchange on Thursday, May 29. This decision was revealed through a court filing in Washington, D.C., and marks a significant moment in terms of
Victory For Binance: US SEC Decides To Dismiss Lawsuit Read More »
Webus International revealed a plan on May 29 to raise up to $300 million through non-equity financing and deploy the capital into an XRP reserve that will support the company’s global chauffeur services payments network. The Chinese AI-powered mobility firm stated that it may utilize existing cash, commercial bank loans, shareholder guarantees, and institutional credit
Webus International reveals $300M XRP treasury bid to power borderless payments Read More »
Meta could be the first US corporation of its scale to place Bitcoin (BTC) on its balance sheet, according to Bloomberg senior ETF analyst Eric Balchunas. In a May 28 post on X, Balchunas argued that a move by a “Big Boy” company would validate corporate treasury adoption of the asset. He added that “it
Bloomberg analyst foresees Meta as trailblazer in corporate Bitcoin integration Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Norwegian broker K33 has set its sights on adding Bitcoin to its balance sheet. It raised 60 million Swedish krona (about $6.2 million) to buy and hold the cryptocurrency. Based on reports, the cash comes from a mix of convertible loans and
European Firm K33 Raises $6.2M for Strategic Buys Read More »
Top Win International Limited, now trading under the Nasdaq ticker SORA, announced two major strategic investments this week as it accelerates its pivot into Asia’s fast-growing digital assets market. The moves follow the company’s recent ticker change and come ahead of a pending rebrand to AsiaStrategy, as part of its merger with Sora Ventures, a
Top Win unveils strategic investments in Asian Bitcoin sector following Sora merger Read More »
Elon Musk stated on May 28 that xAI had not signed an agreement with Telegram to distribute the Grok large language model, despite Telegram founder Pavel Duvov’s announcement earlier on the same day. Durov wrote that he and Musk “agreed to a one-year partnership” that would place Grok inside all Telegram applications and give the
Musk says no deal signed with Telegram despite Grok integration announcement Read More »
Justin Drake, a researcher at the Ethereum Foundation, has raised alarms over Bitcoin’s (BTC) long-term security. In a detailed post on May 29, Drake argued that persistently low transaction fees on the Bitcoin network could make it increasingly vulnerable to a 51% attack, a scenario in which a single entity gains majority control of the
Bitcoin’s shrinking fees could trigger crypto-wide fallout Read More »
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Crypto Markets Brace For $5 Billion FTX Liquidity Shock: Expert Read More »
