Category: crypto

CME Group is set to launch XRP futures on May 19, pending regulatory approval. The futures will come in two contract sizes tied to 2,500 XRP and 50,000 XRP, respectively. This move is in response to growing demand for XRP and its native blockchain, the XRP Ledger. The launch could also influence the SEC’s decision…

President Trump will host a private dinner on May 22 for the top 220 holders of the TRUMP memecoin at Trump National Golf Club in Washington, D.C. The event, organized by Fight Fight Fight LLC, excludes certain countries and raises legal and ethical concerns. The token’s price behavior is under scrutiny.

The SEC is in talks with El Salvador’s CNAD to explore cross-border oversight of digital assets. They are considering a regulatory sandbox to test tokenization models, focusing on real estate. Two pilot programs will gather data on token issuance and custody to refine regulations. The SEC’s more crypto-friendly approach reflects a changing US policy.

The FBI reported a significant increase in cybercrime activity in the US, resulting in $16.6 billion in losses in 2024. Cryptocurrency-related scams accounted for $9.3 billion, with tactics like fake relationships and tech support scams. Older Americans were targeted, with victims aged 60+ losing over $2.8 billion. FBI has initiatives to protect vulnerable individuals.

In April, large institutional investors such as sovereign wealth funds and insurance pools increased their exposure to Bitcoin as part of their portfolio strategies. This was driven by factors such as de-dollarization trends, Bitcoin’s role as an inflation hedge, and its identity in comparison to technology equities. Despite retail outflows, institutional inflows continued, with long-term…

ZKSync recovered $5 million in stolen ZK tokens through an agreement with the hacker. The funds are now held by the Security Council, awaiting governance decisions on their use. The exploit did not affect core infrastructure and a detailed report is being prepared. The incident highlights the importance of smart contract security.

TRON’s infrastructure has exceeded $70 billion USDT, establishing itself as a key player in the stablecoin economy, particularly in developing countries. The cover art/illustration is from CryptoSlate and may contain a mix of content, including AI-generated material.

Russia’s Finance Ministry and central bank are planning to launch a crypto exchange exclusively for highly qualified investors to regulate digital asset activity and facilitate cross-border trade under a pilot legal framework. Access will be limited to individuals with significant holdings in securities or deposits exceeding 100 million rubles. The exchange aims to pull crypto…

Bitcoin miner Riot Platforms secured a $100 million credit agreement with Coinbase using its BTC holdings as collateral. The facility will support expansion efforts and other priorities. Riot leverages its significant Bitcoin treasury, making it one of the largest corporate Bitcoin holders. The mining industry faces challenges like US tariffs and increasing mining difficulty.

Bitcoin’s price surged above $93k, leading to the liquidation of short positions worth $652 million across the market. This spike in price caused losses for traders betting against Bitcoin’s price, as the cryptocurrency continued to rally.