Category: crypto

MoonPay has introduced the MoonAgents Card, a Mastercard-enabled debit card that allows AI agents to spend stablecoins directly at the point of sale with on-chain settlement. The card integrates with the Exodus wallet and is initially available in the UK and Latin America. MoonPay aims to simplify crypto payments for AI systems.

The crypto market started May with a strong tone due to short liquidations, Bitcoin ETF demand, and increased risk appetite. Bitcoin traded near $77,000, with funding rates negative for 46 days before a short squeeze. Strategy’s STRC offers an 11.5% dividend, but payouts are not guaranteed. Market driven by leverage and institutional flows.

Payment infrastructure startup Fun has raised $72 million in Series A funding to power fiat and crypto rails for apps like Polymarket and Aave. The company has quietly processed over $18 billion in annual payment volume. Investors include Multicoin Capital, SignalFire, and new backers like Infinity Ventures and Tinder co-founder Justin Mateen.

The Seoul Administrative Court has granted Bithumb a stay on a six-month partial suspension imposed by South Korea’s Financial Intelligence Unit, halting a $24.6 million fine and limits on new customers’ external crypto transfers. The court’s decision allows Bithumb to continue normal operations while fighting the sanctions in court, setting a precedent for Korean regulators.

Hangzhou court rules companies cannot fire workers solely to replace them with AI, rejecting automation as a valid ground under labour law. Tribunal finds dismissal unlawful after firm cut employee’s role and pay following AI adoption, orders additional compensation. Global firms cut jobs amid AI uptake, while the U.S. expands AI deployment in defence.

Brazil’s central bank has prohibited the use of cryptocurrencies in regulated cross-border payment channels, forcing banks and fintechs to use traditional FX and real-denominated accounts for international transfers. The rule aims to prevent tax evasion and money laundering, with stablecoins accounting for 90% of cross-border remittances. Crypto can still be used in Brazil but not…

Bitcoin futures open interest has increased by 5.92% to $57.621 billion, indicating a rise in traders leveraging into BTC derivatives on major exchanges. Binance leads with $10.553 billion in open interest, with others like Gate, Bybit, and OKX also seeing significant amounts. Rising open interest could lead to sharper liquidations and volatility spikes.

Curve Finance has introduced a new mechanism that allows users with impaired CRV-linked lending positions to sell their claims, hold for recovery, or provide liquidity for fees and incentives. This market-based bad debt recovery system shifts bailouts from socialized rescues to market pricing of losses, creating tradable onchain claims through crvUSD-debt pools.

Coinglass data shows that Ethereum long positions could face $874 million in liquidations if the price drops below $2,206, while shorts risk $403 million in liquidations if the price rises above $2,412. These levels are key forced-flow bands where leverage could trigger significant market movements. Traders use these levels for reference points and risk management…

Bitcoin is trading at around $78,004 on Gate’s BTC/USDT market, up 2.15% in the past 24 hours. This marks a rebound from lows near $76,000 and keeps BTC close to the important $80,000 level. Traders are closely watching the $78,000 level for potential short-term strategies and a potential run towards $80,000.