The entity acquired its BTC stash at prices of almost $120,000, but might be selling at a heavy loss now. US President Donald Trump made some bold and bullish promises during his election campaign in 2024 for the cryptocurrency industry, but the actual implementation has been controversial to say the least. Although his team…
Bitcoin’s Coinbase premium has fallen to its lowest level this month, adding to signs that institutional investors in the U.S. have continued selling the flagship crypto while spot demand weakens. Summary Coinbase Premium has dropped to its lowest level this month as institutional Bitcoin selling pressure intensified. CryptoQuant analysts said weak Coinbase demand points to…
Singapore’s MAS has revoked the Bsquared license after finding false statements and serious regulatory breaches at the crypto firm. Summary Singapore’s MAS revoked Bsquared Technology’s MPI licence effective May 14, less than 18 months after it was granted on January 1, 2025. MAS found serious weaknesses in risk management and conflict of interest policies, plus…
“Age consumed” hit a record 17.4T, showing that long-dormant WLFI supply moved suddenly on-chain after Binance’s USD1/BTC listing. World Liberty Financial’s WLFI token recently hit a huge milestone after it recorded its highest-ever realized profit event. According to on-chain analytics firm Santiment, 1.8 billion of the Trump-linked tokens were sold at a profit on…
Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain. Summary Amundi, Europe’s largest asset manager, and Spiko Finance launched SAFO, a UCITS-compliant fund on Solana, making it the eighth chain in their strategy. SAFO is a tokenized sub-fund under the SPIKO SICAV structure, backed by total…
Syndicate Labs revealed that all of its code will remain permanently open source and available for developers who want to continue building on the technology. Syndicate Labs, an on-chain development startup backed by Andreessen Horowitz, announced that it is winding down operations after five years of building infrastructure for on-chain developers. It cited major…
Kraken has launched AVAX staking for eligible users globally, offering up to 10% APY on bonded positions. Summary Kraken launched AVAX staking on May 21 with three options: Bonded Staking up to 10% APY, plus Auto Earn and Flexible Staking each at up to 3.5% APY. The 10% bonded rate is promotional and will drop…
Mark Cuban says he has sold roughly 80% of his Bitcoin holdings after losing confidence in its hedge narrative. Summary Mark Cuban told Front Office Sports he sold most of his Bitcoin after gold surged to $5,000 during the US-Iran conflict while Bitcoin fell. Cuban called Bitcoin “not the hedge I expected” and said it…
Nasdaq-listed Solmate Infrastructure, a Solana-focused treasury and infrastructure company, has raised about $11.4 million via a registered direct offering of Class B common stock. Summary Solmate is issuing 2,298,000 Class B shares at $4.97 each The registered direct offering is expected to raise roughly $11.4 million The deal is slated to close around May 27,…
“Zcash is built to be a rebel – and rebels rarely win popularity contests,” Gemini stated. The recent price performance of the leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and many others, reflects the broader weakness in the market, reinforcing the outlook that we are currently in a bear cycle…
