Category: crypto

BlackRock plans to acquire 10% of Circle’s IPO shares, aiming to raise $624 million. Orders have exceeded shares available, with pricing set for June 4. BlackRock manages Circle Reserve Fund, holding 90% of USDC reserves. Institutional interest in Circle is growing, reflecting broader efforts by crypto companies to enter public markets.

The US SEC announced a roundtable on DeFi and American values, focusing on regulatory approaches to digital assets. Scheduled for June 9 in Washington, D.C., the event will feature SEC officials and industry experts discussing the challenges and benefits of decentralized finance. The discussion will be livestreamed and open to the public.

US Vice President JD Vance declared the end of federal regulatory actions targeting the crypto sector and expressed support for legislative backing at the 2025 Bitcoin Conference. He stated that Operation Chokepoint 2.0 is “dead” and emphasized the importance of Bitcoin and other cryptocurrencies in the mainstream economy. Vance called for comprehensive market structure bills…

Bitcoin’s on-chain activity has intensified as it consolidates near $108,000, with $120,000 as the next major price zone. The market is showing signs of investor profitability, accumulation, and robust exchange flows, resembling past bull market peaks. Leverage is increasing, with futures and options open interest rising. The market is heating up but has not yet…

Ripple donated the controversial “Skull of Satoshi” sculpture to the Bitcoin community at the Bitcoin Conference on May 28 in a move to promote unity between the two crypto rivals. Ripple CEO Brad Garlinghouse described the gesture as a symbol of solidarity and hopes it will remind people of their common goals.

The IMF has urged El Salvador to keep its Bitcoin holdings unchanged, including not increasing government-owned wallets and fully exiting the Chivo wallet by July. A staff-level agreement could unlock $120 million, pending IMF executive board approval. Despite conditions to reduce state involvement in Bitcoin, El Salvador has aggressively acquired more BTC. President Bukele remains…

Blockchain investigator ZachXBT has accused high-risk trader James Wynn of deceptive trading practices. Wynn condemned scam tokens tied to his name, but ZachXBT alleged he engaged in similar pump-and-dump tactics. Wynn gained attention for high-stakes trades on Hyperliquid, generating $25 million in profit. Past allegations of requesting private allocations in tokens resurfaced, casting doubt on…

GameStop has purchased 4,710 Bitcoin, making it one of the top 13 public companies holding the cryptocurrency. The company’s stock rose by 3% following the news. GameStop’s move to invest in Bitcoin aligns with its plan to diversify its assets. The crypto community has advised the company to go beyond holding Bitcoin and run a…

Ripple has urged the SEC to establish clearer standards for determining when a digital asset is no longer considered a security. The company proposed a framework where tokens would only be classified as securities if certain material promises have not been fulfilled. Ripple also suggested using “network maturity” as a regulatory benchmark instead of decentralization.

Telegram has evolved from a privacy-focused chat app to a profitable platform with a $300 million collaboration with Elon Musk’s xAI and a $1.5 billion high-yield bond offering. Despite legal challenges, including Durov’s arrest in France, Telegram’s financial success and user growth are positioning it for potential IPO.