Two recent developments in the UAE have once again confirmed the region’s rising prominence as a global leader in digital finance. Bybit, the UAE-based crypto exchange company, on 19 May 2025, announced that its platform has now enabled its users to engage in direct global stock trading with USDT. Secondly, BitGo, the California-based digital asset…
After a month of calmness on the tariff front and even positive developments between the US and China, the POTUS is back with making threats against (former) partners – this time, solely the EU. Trump said the talks with the Union are leading to no meaningful results and proposed a straight 50% tariff starting from…
SOON officially launched today across major exchanges, fueling a strong post-launch rally. Alongisde SOON TGE, Soon unveiled its updated tokenomics and announced a major update to its copy-trading platform Simpfor.fun. SOON (SOON), the native token of the Solana Optimistic Network, soared by over 35% following a rapid-fire series of exchange listings at its official launch…
Crypto ownership among Singaporeans dropped from 40% in 2023 to just 29% in 2024. Despite public awareness reaching an all-time high of 94%, a 11% dip in Singapore residents’ crypto ownership was seen last year. According to a 2025 Independent Reserve Cryptocurrency Index (IRCI) survey, where 1500 residents were surveyed, it was found that nearly…
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…
