Total Crypto Market Cap Primed To Surge to Over $10,000,000,000,000, Says Chainlink Co-Founder – Here’s How
The co-founder of blockchain oracle Chainlink (LINK), Sergey Nazarov, is saying that the crypto industry is in the “early to mid-stage” phase of growth. According to Chainlink co-founder, the total crypto market capitalization could soar by nearly four times from the current level. “The crypto industry in my opinion when it crossed $200 billion got […]
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Paxful Slashes Gift Card Fees by 80%, Volumes and Interest Surge
Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge in gift card volumes and trader interest according to the company. The fee reduction applies […]Altseason Signal Likely To Flash in Coming Weeks, Says Analyst Jamie Coutts – Here Are His Top Altcoin Picks
Real Vision analyst Jamie Coutts believes the altcoin market is gearing up for a massive breakout against Bitcoin (BTC). The former Bloomberg analyst tells his 18,100 followers on the social media platform X that the altcoin season index, which measures the profitability of digital assets relative to BTC, could soon start flashing bullish for alts. […]
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Jack Dorsey-Backed Bitcoin Mining Pool Ocean Establishes Global Hub in El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,” according to a press release. The company looks towards leveraging the […]Analyst Who Nailed 2018 Bitcoin Bottom Says FLOKI Primed To Hit ‘Escape Velocity’ Soon – Here Are His Targets
A widely followed analyst and trader who accurately predicted the 2018 Bitcoin (BTC) bottom six months prior is expressing bullish sentiment on the 48th-largest crypto asset by market cap. The analyst pseudonymously known as Bluntz tells his 260,300 followers on the social media platform X that FLOKI (FLOKI) is forming an uptrending stair-step pattern on […]
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Price analysis 5/30: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX
Bitcoin ETF inflows show that the investors are using the current consolidation to accumulate.
Bitcoin (BTC) remains in sideways price action, but a positive sign is that the investors have continued to buy the spot Bitcoin exchange-traded funds. Farside Investors data shows net positive inflows into the ETFs for the past 11 days.
CoinShares data shows that Bitcoin investment products saw more than $1 billion in inflows last week. Along with institutional investors, whales also seem to be accumulating Bitcoin. Glassnode analysts said in The Week On-chain report that long-term investors were “beginning to re-accumulate coins for the first time since Dec 2023.”
According to the Securities and Exchange Commission filings, more than 600 United States investment firms have invested in spot Bitcoin ETFs since January. The ETFs have bought 855,619 Bitcoin since launch, with an average of 6,200 Bitcoin per day.
Bitcoin and Ethereum ETFs still off the table for Vanguard – it’s not surprising
Vanguard keeps investments like Bitcoin and Ethereum ETFs out of its offerings. Its decision is debatable but not new.
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Nigerian Senate Committee: Regulated Crypto Trading a Boost for Local Currency
The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency and warned that the country’s unclear position could be costing the country. The committee also urged the government of Bola Tinubu to develop the capital and crypto markets to defend the local currency. Nigeria’s Ambiguous Stance on Crypto The Nigerian Senate […]Fund Your Gnosis Pay Card Using Bitcoin
PRESS RELEASE. The Kinetex team is thrilled to announce its integration with Gnosis Pay, the world’s first on-chain self-custodial account that connects the traditional payment rails to Web3 rails. This collaboration provides a straightforward and fast way to top up balances from Bitcoin, Ethereum, and other EVM-compatible tokens by swapping them to EURe via Kinetex’s […]PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.
PayPal’s PYUSD stablecoin, which was recently deployed on Solana, will offer “confidential transfers” as an additional feature.
On May 29, payments platform PayPal announced that it had deployed its PYUSD dollar-pegged stablecoin on Solana, having only previously been available on Ethereum.
One notable extension initialized for PYUSD is “confidential transfers,” which will allow merchants to “provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes,” according to a May 29 Solana blog post.
Robinhood nears settlement on GameStop, meme stocks suit
Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.
Trading platform Robinhood is working to finalize a settlement with investors who sued it for halting the trading of certain meme stocks in 2021, including GameStop.
In a May 28 filing to a Miami federal court, Robinhood’s lawyers said it is “in the process of finalizing the settlement” with the group of investors and expects settlement and dismissal in the next two weeks.
The filing did not include the settlement’s details. Robinhood, its counsel and the investor group’s counsel did not immediately respond to requests for comment.
Vitalik Buterin: L2s are ‘cultural extensions’ of Ethereum
Buterin said Ethereum layer 2s have become “the ultimate playing field for action” from institutional profit-oriented groups and people buying pictures of monkey NFTs.
Ethereum layer-2s aren’t just about scaling — they’re also a rallying point for “subcultures” that grow the Ethereum ecosystem more than the single chain could do alone, says Vitalik Buterin, one of the creators of Ethereum.
In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder examined the benefits of layer-2 blockchains outside of technical innovation, arguing that this layer also serves as a breeding ground for crypto subcultures.
One of these subcultures includes old-school “cypherpunks”—who build infrastructure and tools but are hands-off about how they are used, while the philanthropic “regens” are focused on providing the community with public goods.
Web3 Gaming Platform Zkasino Kickstarts Process Enabling Users to Retrieve Ethereum Tokens
The Zkasino team announced on May 28 that it had initiated a two-step bridge back process, allowing users to retrieve their ethereum tokens. Users have between May 28 and May 31 to bridge back their funds, after which the signup process will be closed, and deposits will be halted. Rug Pull Allegations The team behind […]
Fidelity’s Ethereum spot ETF listed on DTCC under ticker $FETH
Fidelity’s spot Ethereum fund is now listed on DTCC following SEC’s approval of multiple Ethereum ETFs, with trading pending further SEC review.
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Bitcoin in 42-day ‘boredom zone’ — traders debate next move
Bitcoin’s price has sat in the “boredom zone” for over a month, leaving traders guessing about a potential surge or retracement.
Bitcoin (BTC) has now spent 42 days in the “boredom zone,” and crypto traders are divided over whether it is consolidating for another surge or facing a 20% pullback toward crucial support levels.
“We have now spent 42 days in the low volatility and boredom zone,” pseudonymous crypto trader CryptoCon declared in a May 30 X post, explaining a lack of volatility in Bitcoin’s price is the main sign of “boredom in the market.”
Bitcoin is currently trading at $67,680, just 6.7% higher than its price 42 days ago, according to data from CoinMarketCap.
Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle
The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation, and Trail of Bits. Its mission is to foster collaboration […]Texas Issues Emergency Cease and Desist Against Arkbit’s Crypto Operations
The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns of 1.6-2.8% for 120 days on investments between $50 and $49,999, they lured […]Bank of America’s Wealth Management Division Leaks Names, Social Security Numbers of 1,883 Pension Plan Members
Bank of America’s wealth management firm, Merrill, says an employee has accidentally leaked the personal data of 1,883 pension plan members. The banking giant sent a data breach notice to the Office of the Maine Attorney General stating the employee inadvertently emailed the first names, last names and Social Security numbers of Walmart 401(k) plan participants to […]
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Hong Kong’s Grace Period for Crypto Exchanges Ending — Trading Platforms Must Obtain License by June 1
The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends on June 1. The regulator warned that operating without a license is a criminal offense and will enforce compliance. Investors are advised to only trade […]Dogecoin (DOGE) at Risk of Rejection Regardless of Next Bitcoin Move, According to Analyst – Here’s His Outlook
A crypto strategist known for going against crowd sentiment is warning that Dogecoin (DOGE) will likely take a dip even if Bitcoin (BTC) breaks out to new all-time highs. Pseudonymous analyst Credible explains to his 395,500 followers on the social media platform X how DOGE could fall regardless of BTC’s next move. “Right so two […]
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Ethereum ETFs could debut by June as BlackRock updates S-1 form
BlackRock updates its S-1 form, advancing the potential launch of its Ethereum ETF as SEC discussions continue.
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Ethereum ETF June launch ‘legit possibility’ as BlackRock files S-1
BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches.
United States spot Ether (ETH) exchange-traded funds (ETFs) have a “legit possibility” of launching by late June, according to analysts, after BlackRock updated a key filing necessary for launch.
On May 29, BlackRock updated its Form S-1 for its iShares Ethereum Trust (ETHA) with the Securities and Exchange Commission nearly a week after the regulator approved its 19b-4 filing — both need approval for the ETF to start trading.
“Good sign. [Probably] see rest roll in soon.” Bloomberg ETF analyst Eric Balchunas said in a May 29 X post.
Ark CEO Cathie Wood Talks Bitcoin With El Salvador’s President — Applauds His Vision for BTC Hub
Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his progressive approach to economic and educational reforms. “President Bukele’s determination to transform El Salvador into a hub for the bitcoin and AI communities — two of the most significant economic and technological […]Stablecoin market cap rises to 2-year highs as dominance slides to 6%: CCData
After eight consecutive months of ascent, the stablecoin market capitalization has risen to a 24-month high of $161 billion in May.
According to a new report by CCData, stablecoin market capitalization reached its highest level since April 2022, following eight consecutive months of growth.
The cryptocurrency analytics platform reported on May 29 that the stablecoin market cap rose 0.63% from the start of the month, reaching $161 billion. However, stablecoin market dominance slightly decreased to 6.07%, down from 7% in March.
Of the top ten stablecoins, Athena USDe’s market cap climbed for the fifth straight month, increasing 11.6% to $2.61 billion. CCData attributes this rise to its expanded use as collateral for perpetual trading on Bybit.
PayPal’s PYUSD Stablecoin Set To Expand to Solana Blockchain, Says Payments Giant
Payments giant PayPal says that its stablecoin, PayPalUSD (PYUSD), is expanding onto the blockchain of smart contract platform Solana (SOL). In a new company press release, PayPal says that the dollar-pegged crypto asset PYUSD – which launched in August 2023 in collaboration with the Paxos Trust Company – is now available on Solana, making it […]
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Argentina’s Milei meets top tech CEOs to boost business relations
Libertarian Argentina has “enormous possibilities” under his leadership, Milei tells Sam Altman.
Argentinian President Javier Milei will meet privately with a number of high-profile figures, including top tech CEOs during a trip to Silicon Valley in California as he tours the United States. He will use the occasions to promote business relations with Argentina, according to press reports.
Milei told OpenAI and Worldcoin head Sam Altman about “the enormous possibilities offered by a libertarian Argentina” during their hourlong meeting on May 28. Alex Blania, co-founder and CEO of Tools for Humanity, the main developer of the Worldcoin project, was also at that meeting. It was Milei’s second meeting with the men. Worldcoin was active in Argentina in the summer of 2023 but faces political opposition.
Other tech luminaries on Milei’s roster include Alphabet’s Sundar Pichai, Meta’s Mark Zuckerberg and Apple’s Tim Cook. Milei will also meet with a group of start-up and AI entrepreneurs and speak at the Pacific Summit.
TRUMP Coin Reaches All-Time High as Trump-Themed Cryptos See Major Gains
The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging from the woodwork, including one leveraging Bitcoin’s Runes protocol for minting. Trump-Themed Meme […]Donald Trump eyes Elon Musk as policy adviser, boosting pro-crypto agenda
Elon Musk may become a policy adviser for Donald Trump, influencing economic and border security policies, as per WSJ.
The post Donald Trump eyes Elon Musk as policy adviser, boosting pro-crypto agenda appeared first on Crypto Briefing.
US Treasury report outlines potential financial risks of NFTs
The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation.
The United States Treasury Department has released its first-ever finance risk assessment for nonfungible tokens (NFTs) in an attempt to provide regulators with greater insight into potential risks and security concerns facing the rapidly evolving market.
Several potential risks were identified including the potential for terrorists to finance operations through NFTs, state actors using NFTs to fund nuclear proliferation, money laundering, and the potential risks to investors who may experience theft, rug-pulls, or other forms of fraud that have become well-known.
The report repeatedly reiterated that the vast majority of these illicit activities occur through fiat financing and transactions, and are not unique to the digital asset space.
US Treasury distinguishes between privacy and obfuscation in crypto mixers
Under Secretary Brian Nelson discusses the risks and national security challenges posed by crypto mixers, emphasizing the need for transparency.
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