Bitcoin surged to a fresh record high above $111,000 earlier this week, marking a strong recovery from its early April low of $75,000. This rally reflects a renewed appetite for risk among investors, and analysts believe the cryptocurrency could climb even higher. Buyers Return in Force Upon examining the Spot Taker Cumulative Volume Delta (CVD)…
Enjin Blockchain has added testnet support for stablecoins USDC and USDT, enabling their use within its NFT and gaming ecosystem via Hyperbridge. Stablecoins are heading to Enjin Blockchain, with USD Coin (USDC) and Tether (USDT) now live on Hyperbridge’s testnet in a move the team says will unlock cross-chain utility. The upgrade uses Enjin’s MultiToken…
FIFA has made a quiet but pretty significant change to its Web3 game plan. The global football body is dropping Algorand and moving its digital collectibles project, FIFA Collect, over to Avalanche. The move isn’t just a technical shuffle, it reflects FIFA’s changing view of what fans actually want from NFTs and how it plans…
Around 25,400 Bitcoin options contracts will expire on Friday, May 23, and they have a notional value of roughly $2.8 billion. This week’s event is pretty much identical to last week’s, as derivatives crypto trading has stabilized. Spot markets have seen solid growth with Bitcoin notching a new peak on Thursday above $111,000 for the…
Cetus Protocol, the largest decentralized exchange on the Sui blockchain, is offering a $6 million bounty to the hacker behind a massive $223 million exploit that occurred on May 22. In a May 22 follow-up statement accompanied by an on-chain message, the Cetus team confirmed they had identified the attacker’s Ethereum wallet and offered a…
Key Takeaways Major US banks are collaborating on a stablecoin initiative to compete with the crypto industry. The project highlights the integration of digital assets within traditional banking infrastructure. Share this article America’s biggest banks are evaluating a collaborative stablecoin initiative to compete with digital asset platforms that are rapidly gaining market share, The Wall…
Strive Asset Management, the investment firm co-founded by former U.S. presidential candidate Vivek Ramaswamy, is going after a massive Bitcoin stash, not by mining or buying it outright, but by picking up claims from one of crypto’s most infamous disasters: Mt. Gox. If all goes according to plan, Strive could walk away with access to…
Synthetix has called off its proposed $27 million acquisition of crypto options platform Derive. This decision was made after the initiative received strong criticism from both communities involved. Public Backlash The proposed acquisition, first announced in a May 14 blog post, involved a token exchange at a rate of 1 SNX to 27 DRV. The…
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Solaxy claims Layer 2 on Solana, but with little to solve, focus shifts to Wall Street Ponke, raising $300k fast with real…
In a bid to simplify mobile crypto payments for both online and retail shoppers in the fast-growing digital markets across Asia, KuCoin Pay, KuCoin’s crypto payment solution, announced its partnership with AEON, a prominent Web3 payment protocol. The collaboration was made public on 21 May 2025 and aims to leverage KuCoin Pay’s global network with…
