Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter. The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to […]
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Institutional interest in the XRP Ledger (XRPL) continues to grow, as does the number of scams exploiting the ecosystem. On June 4, Panos Mekras, co-founder of Anodos Finance, a leading DeFi platform built on XRPL, raised concerns over the proliferation of fraudulent projects piggybacking on the blockchain network’s growing visibility. In the X post, Mekras […]
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Solana’s hottest memecoins, from FARTCOIN to PNUT, pulled back amid reports that token-factory Pump.fun is lining up a $1 billion raise at a $4 billion fully-diluted valuation.
The system matches retail traders with non-algorithmic traders, ensuring fair play and a balanced trading environment.
While Bitcoin (BTC) reclaimed the $106,000 threshold after a 2% price increase in the past 24 hours, Ethereum (ETH) and XRP outperformed with 3.5% and 5% daily growth, respectively. Bitcoin recently experienced an 8% correction since its all-time high of nearly $112,000 registered on May 22. A recent report by Bitfinex attributed the correction to […]
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Bitcoin's 50-day simple moving average crossed above its 200-day average on May 22, confirming the golden cross.
US-listed spot Bitcoin exchange-traded funds (ETFs) have entered a third consecutive day of outflows, shedding more than $1 billion. This trend reflects a shift in institutional sentiment as Bitcoin’s price continues to hover around the $105,000 mark without a clear breakout. US Bitcoin ETFs outflow Data from SoSoValue shows that the 12 US-listed spot Bitcoin […]
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Despite trade tensions and an avalanche of liquidations rattling global markets, Bitcoin’s resilience suggests underlying strength.
Sberbank, Russia’s largest lender, has introduced a new structured bond product offering exposure to Bitcoin (BTC), marking a significant step in integrating cryptocurrency-linked instruments into the country’s regulated financial ecosystem. The product, currently available on the over-the-counter market to a limited pool of qualified investors, allows returns based on the performance of Bitcoin’s US dollar […]
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World Liberty Financial’s stablecoin USD1 surpassed $10 billion in transfer volume just 10 days following its listing on Binance, according to data from Artemis. From May 22 to June 1, the stablecoin traded $10.7 billion in volume, surpassing the total transfers from its inception until May 21. The stablecoin is native to World Liberty Finance, […]
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Circle, the company behind the USDC stablecoin, has revised its IPO filing to reflect stronger-than-expected investor demand, according to a June 2 filing with the US Securities and Exchange Commission (SEC). The updated filing shows Circle now plans to issue 32 million Class A shares, up from the previously announced 24 million. It also raised […]
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The Pi Network is shifting focus to gaming as part of its broader effort to revive user engagement and restore confidence in its ecosystem. On May 30, the Core Team announced plans to use interactive entertainment to boost engagement and unlock new use cases for its native token and app infrastructure. The move follows the […]
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The crypto market recorded $286 million in inflows, extending a seven-week streak that has added $10.9 billion to crypto investment products, according to CoinShares‘ weekly report. However, the overall value of assets under management slipped from $187 billion to $177 billion, reflecting recent market declines. CoinShares’ Head of Research, James Butterfill, pointed to growing economic uncertainty in […]
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IG Group will allow retail investors in the United Kingdom to trade 38 cryptocurrencies on its multi-asset platform from Tuesday, June 3, becoming the first London-listed broker to offer spot tokens. The firm’s integration relies on a partnership with digital-asset exchange Uphold, which will provide custody and execution services. The Financial Services Compensation Scheme does […]
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One of the biggest stories in crypto this week unfolded as a prominent trader on the Hyperliquid decentralized exchange, known as James Wynn, saw nearly $100 million in leveraged Bitcoin positions liquidated after the price of BTC dipped below $105,000. The swift market downturn, triggered in part by new tariff announcements from the United States, […]
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"The winning strategy lately? Do the opposite of James Wynn," said Lookonchain—Jim Cramer, anyone?
Coinbase Institutional is expanding its derivatives offering with the launch of 24/7 trading for XRP and Solana futures, starting June 13. According to a May 29 statement, the move aims to provide real-time access for US institutional investors, aligning with the non-stop nature of global crypto markets. Derivatives push The new offering allows investors to […]
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A Chainlink price feed’s alleged malfunction led to more than $500,000 in liquidations on May 29, sparking fresh debate over the reliability of oracles in DeFi. According to reports, Chainlink’s price oracle for the deUSD stablecoin inaccurately reported its value at $1.03. The incorrect data triggered liquidations for users holding deUSD-denominated debt on Avalanche’s Euler […]
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Crypto exchange Bybit has received regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework from Austria’s Financial Market Authority (FMA), according to a statement issued on May 29. This license enables the platform to offer digital asset services across all 30 European Economic Area (EEA) countries. Bybit plans to make Austria the hub […]
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More than 90% of XRP’s supply is currently profitable, even though the token’s price has remained relatively flat for the past three months. Data from on-chain analytics firm Santiment reveals that most of XRP’s circulating supply was acquired at lower price points than its current market value. This level of profitability places XRP ahead of […]
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BlackRock plans to acquire approximately 10% of the shares offered in Circle’s initial public offering (IPO), Bloomberg News reported on May 28. People familiar with the matter said Circle and its shareholders, including co-founder and CEO Jeremy Allaire, are seeking to raise $624 million through the offering. Orders for the offering have reportedly exceeded the […]
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Ripple has called on the US Securities and Exchange Commission (SEC) to establish clearer standards for determining when a digital asset no longer qualifies as part of an investment contract. The company submitted a detailed letter to the SEC’s Crypto Assets and Cyber Unit on May 27, expanding on a question raised by Commissioner Hester […]
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Blockchain investigator ZachXBT has publicly accused high-risk trader James Wynn of hypocrisy and deceptive trading practices. In a May 28 post on X, ZachXBT alleged that Wynn, who recently condemned scam tokens tied to his name, had previously engaged in similar pump-and-dump tactics involving memecoins. The controversy started after Wynn warned his followers about a […]
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Circle, the USDC stablecoin issuer, has filed to go public under the ticker “CRCL” through an initial public offering on the New York Stock Exchange (NYSE), according to a May 27 announcement. The firm plans to offer 24 million shares of Class A common stock as part of the listing. Circle will directly issue 9.6 […]
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Digital asset investment products attracted $3.3 billion in inflows last week, marking the sixth consecutive week of gains. According to CoinShares‘ latest weekly data, this brings total inflows over the past six weeks to $10.5 billion and year-to-date (YTD) flows to a record $10.8 billion. CoinShares’ head of research, James Butterfill, noted that investor demand has […]
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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% […]
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Kraken has introduced perpetual futures contracts for Pi Network’s native token, PI, allowing traders to speculate on its price with up to 20x leverage, according to a May 23 announcement. The listing marks the token’s first appearance on a major derivatives platform. However, it failed to create positive momentum for the token’s price. Based on […]
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Hyperliquid’s native token, HYPE, surged to a new record high following a significant increase in trading activity and open interest on the platform. This momentum mirrors the broader market upswing driven by Bitcoin’s latest price milestone and coincides with Hyperliquid’s public response to regulatory discussions with the US Commodity Futures Trading Commission (CFTC). Hyperliquid’s open […]
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Bitcoin has plummeted over 4% from its recent all-time high of $111,900 toward $107,000 as US President Donald Trump announced potential tariffs on iPhones not made in the USA and EU-imported goods. S&P 500 and oil futures fell over 1.6% and 0.9%, respectively, while gold is up 1.5%. Trump claimed the EU has been “very […]
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Memecoin trading activity on Solana is tracking Bitcoin’s recovery, with the average daily trading volume rising 46% between April and May. According to Blockworks data, monthly trading volume for memecoins on Solana was $58.7 billion as of May 21, already over $1 billion higher than the volume registered in April. Additionally, memecoins accounted for 64.6% […]
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