SharpLink Gaming plans to establish a $425 million Ethereum (ETH) treasury under the guidance of Consensys CEO and Ethereum co-founder Joseph Lubin, the company announced on May 27. The sports-betting technology company entered into securities purchase agreements for a private investment in public equity. The company will issue 69.1 million shares at $6.15 each, or […]
The post SharpLink makes $425M Ethereum treasury plunge with Joseph Lubin’s guidance appeared first on CryptoSlate.
Senator Cynthia Lummis told the 2025 Bitcoin Conference in Las Vegas on May 27 that several US military generals endorse building a Bitcoin (BTC) reserve to bolster the nation’s economic deterrence. Lummis said she discussed digital reserves with unnamed senior officers who “understand that economic power is as important as military power in addressing aggressors […]
The post Senator Lummis says US military generals support strategic Bitcoin reserve appeared first on CryptoSlate.
Trump Media & Technology Group (TMTG), a company backed by US President Donald Trump, has announced plans to raise $2.5 billion through a mix of stock and convertible note offerings to purchase Bitcoin, according to a May 27 statement. This planned purchase would help the firm reach the top 10 corporate Bitcoin holders globally. Strategy (formerly […]
The post Trump Media aims for top 10 corporate Bitcoin holder spot with $2.5B investment plan appeared first on CryptoSlate.
Bitcoin-focused firm Top Win International has officially changed its Nasdaq ticker symbol from TOPW to SORA to reflect its revamp to a Bitcoin Treasury company, according to a May 27 regulatory filing. The firm has also appointed Sora Ventures co-founder Jason Fang as chairman of the board of directors. Fang brings a wealth of experience to […]
The post Nasdaq-listed Top Win changes ticker to SORA, names Jason Fang board chairman appeared first on CryptoSlate.
Strategy, formerly known as MicroStrategy, is unlikely to adopt on-chain proof-of-reserves (PoR) disclosure for its substantial Bitcoin holdings. At the Bitcoin 2025 conference in Las Vegas, the company chairman, Michael Saylor, dismissed the practice as a potential security threat, saying it exposes firms and users to unnecessary risks. Saylor made the comments while responding to […]
The post Strategy’s Michael Saylor rejects on-chain Proof-of-Reserves due to ‘liability’ appeared first on CryptoSlate.
Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion of its profits into US-based companies and infrastructure over the past two years. In a May 26 post on X, Tether CEO Paolo Ardoino disclosed that the company has made significant investments across American businesses and emerging […]
The post Tether invests $5 billion profit into US companies while holding $120 billion in US debt appeared first on CryptoSlate.
Pakistan will allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence (AI) data centers. According to a Bloomberg report, the Pakistan Crypto Council (PCC) overseeing the project confirmed that three underutilized coal-powered plants, currently operating at just 15% capacity, will be repurposed to support this initiative. This development is part of the government’s […]
The post Pakistan to allocate 2,000 MW for Bitcoin mining and AI data centers appeared first on CryptoSlate.
The Dubai Land Department (DLD) has selected XRP Ledger (XRPL) to power its landmark real estate tokenization initiative. The announcement, made on May 25, introduces several new partners to the project, including the Dubai Future Foundation, real estate investment platform Prypco, and blockchain infrastructure firm Ctrl Alt. Ctrl Alt will oversee the tokenization framework, ensuring […]
The post Dubai chooses XRP Ledger to power new real estate tokenization initative appeared first on CryptoSlate.
Ethereum co-founder Vitalik Buterin believes that if decentralized networks become more robust and private, they can support national efforts to reduce reliance on cash. In a May 25 post on X, Buterin commented on recent developments in Sweden and Norway, where authorities are rethinking their near-total shift toward digital payments. Both countries have led the […]
The post Vitalik suggests Ethereum as a secure digital payment backup as Sweden and Norway shift back to cash appeared first on CryptoSlate.
Despite Bitcoin (BTC) reaching a new all-time high at $111,965.80 on May 22, retail adoption and on-chain gauges indicate speculative leverage has not stretched market conditions. VanEck head of digital assets research Matt Sigel shared App-store data compiled by Bloomberg Intelligence, showing crypto-platform downloads fell 14% year-over-year in April. Binance and Crypto.com downloads dropped 29% […]
The post Indicators show retail remains sidelined as Bitcoin trades at new highs appeared first on CryptoSlate.
Bitwise and UTXO Management project that 20% of all Bitcoin (BTC) could migrate to institutional balance sheets by end-2026, according to a new report published by Bitwise and UTXO Management on May 23. The study, called “Exploring the Game Theory of Hyperbitcoinization,” models five demand channels for Bitcoin. Nation-states top the list with a $161.7 […]
The post Bitcoin balance sheet adoption could hit 20% of BTC supply by 2026 appeared first on CryptoSlate.
Texas Governor Greg Abbott has sparked speculation about his backing of a proposed state-held Bitcoin reserve. On May 23, he shared a news article on his official X account that covered legislative efforts to pass the Strategic Bitcoin Reserve (SBR) bill. The article also acknowledged Abbott’s long-standing support for digital assets and highlighted his role […]
The post Texas governor Greg Abbott gestures support for Bitcoin reserve bill appeared first on CryptoSlate.
Some of the largest banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are reportedly working on a joint stablecoin initiative, the Wall Street Journal reported May 23. Sam Kazemian, founder of Frax Finance, confirmed the development, signaling that the conversations between major banks might have advanced beyond speculation. […]
The post JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance appeared first on CryptoSlate.
Kraken is preparing to roll out a new product that will allow users in select countries outside the US to trade tokenized versions of major American stocks and ETFs 24/7. According to the May 22 announcement, the offering will include names such as Apple, Tesla, and Nvidia, with plans to expand the selection over time. […]
The post Kraken to launch 24/7 trading for tokenized US stocks via Solana appeared first on CryptoSlate.
Strategy (formerly MicroStrategy) has unveiled plans to raise $2.1 billion via sales of its Series A Perpetual Strife Preferred Stock (STRF). According to the May 22 statement, the stock will be issued under an at-the-market (ATM) program. This structure allows Strategy to sell shares gradually, based on favorable market conditions like trading volume and price. […]
The post Strategy seeks to raise $2.1 billion from STRF stock offering to bolster its Bitcoin holdings appeared first on CryptoSlate.
Avalanche’s native token, AVAX, is gaining momentum in the current crypto market surge, buoyed by fresh institutional activity and a major partnership with FIFA. According to CryptoSlate’s data, AVAX surged by 11% in the last 24 hours, reaching $25.16 at the time of reporting. This continues a weeklong trend that has seen the token rise […]
The post Avalanche surges 11% to $25 after FIFA unveils blockchain and VanEck eyes fund appeared first on CryptoSlate.
Bitcoin trades above $110,000 today, while Google Trends data for “bitcoin” sits at 38. This afternoon, a Midtown Manhattan barista will glance at a phone ticker showing $110,630. He’ll shrug and keep steaming milk. The mood lines up with the data as searches for the word have stayed in the low-40 band for months, the […]
The post Nobody cares – Fear I Already Missed Out may be overpowering FOMO in Bitcoin market appeared first on CryptoSlate.
Fifteen years after a programmer traded 10,000 BTC for two pizzas, the crypto community marked Bitcoin Pizza Day with record-breaking celebrations. In 2010, Laszlo Hanyecz paid roughly $41 for a pair of Papa John’s pies in what became the first known real-world Bitcoin transaction. Today, those coins would be worth $1.11 billion at Bitcoin’s new […]
The post Exchanges are giving away over $10 million to celebrate Bitcoin Pizza Day today appeared first on CryptoSlate.
The Bitcoin Policy Institute (BPI) released a 21-page policy framework on May 21 to position the US as a global leader in the Bitcoin (BTC) ecosystem. BPI head of policy Zack Shapiro, the author of the framework, called it his “Bitcoin Policy Manifesto.” The document outlines a comprehensive legislative and regulatory approach that touches on […]
The post BPI releases policy manifesto urging US to lead in Bitcoin infrastructure appeared first on CryptoSlate.
Texas lawmakers approved legislation to establish a state-level strategic Bitcoin (BTC) reserve on May 21 after a 101‑42 House vote, according to the House livestream. According to Bitcoin Laws, the SB 21 bill now needs to be approved again in the Senate with the House’s added amendments. The Senate approved the previous iteration of the […]
The post Texas House lawmakers pass Bitcoin reserve bill with new amendments, Senate to vote again appeared first on CryptoSlate.
Texas lawmakers approved legislation to establish a state-level strategic Bitcoin (BTC) reserve on May 21 after a 101‑42 House vote, according to the House livestream. The SB 21 bill is now only pending the approval of Governor Greg Abbott before it can become law. Bitcoin reserve The proposal allows the state comptroller to acquire Bitcoin […]
The post Texas lawmakers pass Bitcoin reserve bill, Governor Abbot has 20 days to sign or veto appeared first on CryptoSlate.
Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance. On May 21, Hong Kong lawmaker Johnny Ng confirmed that the Legislative Council approved the bill after its third reading. The new law is expected to take effect before the […]
The post Hong Kong advances stablecoin legislation introducing new rules for issuers appeared first on CryptoSlate.
Bitcoin (BTC) surged to a high of $109,476 in the first two hours of the New York trading session, to break its all-time high of $109,353 set in January. The latest rally into price discovery comes amid strong institutional investments, favorable regulatory developments, and increased market activity in recent weeks. Based on CryptoSlate data, Bitcoin […]
The post Bitcoin breaks $109k ATH to enter price discovery once again appeared first on CryptoSlate.
Crypto is expected to cross the 10% threshold of adoption in 2025, marking the transition from niche to mainstream, says Psalion's Alec Beckman.
America’s efforts to become a global hub for Bitcoin (BTC) and the wider digital asset ecosystem could serve as a foundation for a new phase of domestic economic growth, according to a report published May 20 by River. The “America Report 2025” asserted that the US is in a unique position to benefit from Bitcoin’s […]
The post US Bitcoin edge could power next era of American prosperity – River appeared first on CryptoSlate.
Sovereign wealth funds and state institutions are increasingly opting to gain Bitcoin (BTC) exposure through Strategy (MSTR) rather than spot BTC exchange-traded funds (ETFs), according to Standard Chartered’s head of digital assets research, Geoffrey Kendrick. In an investor report published May 20, Kendrick said that regulatory filings show that increased MSTR holdings drove the bulk […]
The post Sovereign entities opt for indirect Bitcoin exposure via Strategy to bypass constraints – StanChart appeared first on CryptoSlate.
Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution. […]
The post Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves appeared first on CryptoSlate.
JPMorgan CEO Jamie Dimon said the Wall Street lender plans to offer Bitcoin (BTC) to its customers in a stark shift from his historical stance toward the digital asset. During JPMorgan’s Investor Day, Dimon reiterated that he is “not a fan” of Bitcoin, but acknowledged that clients will continue to demand access to it. He […]
The post JPMorgan to support Bitcoin buying despite Jamie Dimon’s ongoing skepticism appeared first on CryptoSlate.
Two of the largest corporate Bitcoin holders, Strategy (formerly MicroStrategy) and Japan-based Metaplanet, have significantly expanded their crypto treasuries this week. According to separate May 19 announcements, both firms collectively acquired 8,394 BTC, spending nearly $870 million. This follows their buying spree the previous week, when the companies added almost 15,000 BTC. As a result, […]
The post Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare appeared first on CryptoSlate.
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. The last time I interviewed Tezos co-founder Arthur Breitman was at the Paris Blockchain Week Summit in 2019. It coincided with the fire […]
The post Arthur Breitman is betting on tokenized uranium, and it could be Tezos’ big comeback appeared first on CryptoSlate.