Binance published its updated monthly proof of reserves report for May 2025, showing the exchange’s backed assets remain over 100% for major tokens such as Bitcoin, USDT and Ethereum. On May 8, the leading crypto exchange released the latest update for its crypto reserves, featuring the stats of the crypto exchange’s backed reserves for 37…
Key Takeaways Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC. The new law allows digital assets to be used as collateral and recognizes electronic records and signatures. Share this article Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the…
Ethereum just got a serious makeover. On May 7, the much-anticipated Pectra upgrade finally went live on the mainnet, and developers are calling it one of the network’s most important updates since the Merge. It brings a ton of new features, more flexibility for wallets, better data handling, and big changes for staking. With the…
The US Federal Reserve has remained true to its recent monetary policy by maintaining the key interest rates at the same levels of 4.25% to 4.5%. Bitcoin’s price slipped by around a grand immediately after the announcement went live, but the impact is expected to be minimal in the following days. Today’s FOMC meeting didn’t…
Robinhood Markets Inc. is building a blockchain-based platform to allow European investors to trade tokenized U.S. securities, according to Bloomberg. The initiative will likely involve a partnership with a digital-asset firm, with Arbitrum (ARB) and Solana (SOL) being considered as blockchain infrastructure options, according to Bloomberg reporting. Discussions are ongoing and no agreement has been…
Key Takeaways The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers. The details of the sovereign wealth fund are still under debate with no final decisions announced yet. Share this article The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary…
Crypto markets took a hit after the India and Pakistan war kicked off, with India launching precision strikes in Kashmir on Tuesday, reigniting tensions between the two nuclear-armed neighbors. The geopolitical flare-up sent a jolt through digital assets, with Bitcoin, Ethereum, and Solana all dropping as investors moved to de-risk. Maybe we’ll see China and…
Crypto.com is growing its U.S. presence with a new regional office in Washington, D.C. This development comes as 21Shares has introduced a new Exchange-Traded Product (ETP) that gives investors regulated access to Crypto.com-supported blockchain Cronos. Return to the American Market According to a May 7 press release shared with CryptoPotato, the new office will be…
U.S. stocks closed higher Wednesday after the Federal Reserve kept interest rates unchanged and Chair Jerome Powell acknowledged growing uncertainty surrounding the economic outlook. The S&P 500 edged up 0.43%, while the Nasdaq Composite rose 0.27% and the Dow Jones Industrial Average added 284 points, or 0.7%. Disney helped lift the Dow after reporting better-than-expected…
Key Takeaways The Federal Reserve held the federal funds rate steady at 4.25% to 4.5% to assess inflation risks from tariffs. Proposed tariffs by Trump could increase inflationary pressures, affecting the Fed’s rate decisions. Share this article The Federal Reserve held interest rates steady on Wednesday at a range of 4.25% to 4.5% as officials…
