Category: crypto

Charles Hoskinson praised XRP as a stronger product than Tether and Circle, highlighting its open and permissionless access. This marks a shift in tone after years of tension with the XRP community. Hoskinson’s comments come as stablecoin regulations are under debate, and Cardano faces governance issues.

Last week, digital asset investment products experienced $1.47 billion in outflows, with Bitcoin funds leading with $1.315 billion leaving. Despite this, XRP, Near, Solana, Sui, and multi-asset products saw selective inflows. The outflows were attributed to risk-off sentiment related to Iran, with the U.S. being the main source of withdrawals. Ethereum also saw significant outflows,…

Bitwise has launched the Bitwise Canton ETP on Deutsche Börse Xetra, providing European investors with exchange-traded exposure to Canton Network’s native token, CC. The ETP tracks Kaiko’s reference rate and has a 0.85% annual fee. This comes after 21Shares launched the TCAN ETF for U.S. investors. Canton Network focuses on privacy-enabled blockchain for capital markets.

Robinhood has received final regulatory approval in Canada for its C$250 million acquisition of WonderFi, expected to close on June 1. This acquisition will give Robinhood access to WonderFi’s regulated crypto businesses in Canada, including Bitbuy and Coinsquare. Robinhood reported a decline in quarterly crypto revenue before this approval.

Former Hodlnaut CEO Zhu Juntao was charged with six counts of fraud by false representation by Singapore police on May 26. The charges are related to alleged false statements denying direct exposure and losses from TerraUSD claims after the crash in 2022. Hodlnaut had faced claims of $190 million in UST-linked losses before becoming defunct…

Bitget has launched Reality, a regulated platform issuing tokenized U.S. stocks and ETFs through on-chain “rTokens.” The platform supports minting, redemption, stablecoin dividend payouts, and DeFi-compatible assets. Bitget aims to dissolve boundaries between traditional markets and crypto, with plans to expand into bonds and Treasuries. Wall Street firms are also discussing tokenization growth.

Binance partners with BlockShoals Technologies to re-enter the Philippines through the SEC’s StratBox sandbox framework. BlockShoals will act as the local intermediary while Binance provides technology and compliance support. The partnership aims to provide a tailored platform experience within a supervised environment, following Binance’s block in the Philippines due to licensing concerns in 2024.

Australia’s corporate watchdog, ASIC, has issued a warning about fake crypto platforms targeting young investors through messaging groups. Scammers pose as successful traders in these groups, directing users to fake sites where deposits go straight to criminals. Recovery scams are also prevalent. ASIC advises verifying firms through AUSTRAC before sending funds to prevent fraud.

BitMine Immersion Technologies now controls 4.47% of Ethereum’s total supply, with 5.39 million ETH valued at $12.3 billion. The company plans to reach a 5% goal and generate $276 million annually through staking. Concerns arise about network governance and consensus capture as BitMine becomes a significant player in Ethereum’s ecosystem.

BitMine Immersion Technologies has been included in the preliminary list for Russell 1000, raising hopes for passive investors in Ethereum treasury-linked BMNR shares. BitMine holds 5.28 million ETH and added 71,672 tokens recently. The reconstitution of indexes will take place on June 26, 2026. BMNR’s market cap is currently around $8.58 billion.