Category: crypto

Ghana’s central bank plans to introduce cryptocurrency regulations by the end of 2025, with a bill advancing to parliament. Governor Johnson Asiama stated that a new department will oversee the crypto sector, with the aim to prevent abuse and address economic challenges. Similar measures have been taken by other African nations.

Gold’s market cap has reached over $30 trillion, making it the largest asset by market cap. Bitcoin’s market cap has dropped to $2.15 trillion, widening the gap between the two assets. Gold has surged in value, while Bitcoin struggles amidst falling prices. It remains to be seen if Bitcoin can surpass gold’s market cap.

Ethereum’s stablecoin supply reaches a record high of $162.3 billion, signaling network strength and growth in decentralized finance. Total value locked in DeFi hits $81 billion, with DEX volumes staying above $80 billion. Analysts like Tom Lee debate whether Ethereum could surpass Bitcoin’s market value, comparing it to the flippening of equities and gold.

French authorities have conducted compliance inspections on Binance and other crypto platforms to assess anti-money laundering and counter-terrorism financing measures. Binance has a history of regulatory challenges, including investigations in the U.S. and Australia. European authorities are working towards centralized financial approval over the crypto market.

Japanese financial giants have come together to create a stablecoin tied to the yen and US dollar, aiming to enhance cross-border payments. The stablecoin will be managed by the Progmat blockchain platform from MUFG, ensuring regulatory compliance. This initiative reflects Japan’s efforts to modernize payment systems and enter the global digital currency market.

Newsmax, a pro-Trump media company, plans to purchase $5 million worth of Bitcoin and Trump Coin. They believe that these cryptocurrencies will reflect the success of Donald Trump’s presidency. Despite the unconventional move, the market reacted positively, with Newsmax stock rising. The company aims to showcase its ideological alignment with Trump.

U.S. stocks traded mixed as concerns over bad loans at regional banks persisted despite President Trump’s comments on trade tensions with China. The Dow Jones rose 50 points, but the S&P 500 slipped 0.2% due to credit jitters. Gold prices surged as investors sought safe-haven assets amid market uncertainty.

Crypto markets crashed as Trump reaffirmed 100% tariffs on China, despite admitting they are unsustainable. This led to a 5% drop in crypto assets, with Bitcoin falling 5% and the total market cap falling 5.75%. Trump’s comments caused renewed global risk aversion and uncertainty in the market.

Arthur Hayes’ family office is aiming to raise $250 million for a new fund that will invest in or acquire medium-sized cryptocurrency firms. The fund, Maelstrom Equity Fund I, plans to invest $40-75 million in each deal, targeting equity stakes in trading and data analytics platforms. The goal is to reach $1 billion by September…

Dankrad Feist, a prominent Ethereum Foundation researcher, is joining Tempo, a Stripe-backed Layer-1 blockchain project focused on stablecoins. Feist will remain an advisor at EF, continuing his work in L1 scaling, blobs, and UX. He aims to contribute to the growth of crypto payments and sees alignment between Ethereum and Tempo.