Category: crypto

The UK Court of Appeals dismissed a challenge seeking £9 billion in damages from Binance and other exchanges over the delisting of Bitcoin Satoshi Vision. The court ruled that investors should have mitigated losses by selling their holdings and rejected speculative damages claims. The lawsuit continues for other investor subgroups.

Active loans in decentralized lending applications reached a record $23.723 billion on May 21, while the DeFi ecosystem’s total value locked (TVL) is 6.4% below its January 31 level due to proposed import tariffs. The surge in loans since April indicates growing demand for leverage among traders, impacting TVL calculations.

Turnkey, a wallet infrastructure provider, announced full compatibility with the TRON blockchain, allowing fintech and payment providers to confidently build on TRON. The integration offers secure authentication flows and transaction automation. TRON DAO, a community-governed organization, supports the decentralization of the internet via blockchain technology.

Memecoin trading on Solana is following Bitcoin’s recovery, with daily trading volume up 46% in May. Memecoins accounted for 64.6% of all monthly trading volume on Solana, reaching $58.7 billion by May 21. Despite volume growth, investor confidence remains low after a major insider trading incident.

Raoul Pal, CEO of Real Vision, sparked debate by calling NFTs the best long-term store of wealth due to currency debasement and tech trends. Supporters praised his past accuracy in predicting trends, while critics argued NFTs are overhyped and undervalued. The industry remains divided on the true value of NFTs.

CryptoSlate Alpha is a membership program that requires purchasing an NFT with SOL, the native token of Solana, and connecting your Solana wallet. By purchasing the membership, you agree to the terms and conditions of your digital wallet provider and the Access Foundation. CryptoSlate is not responsible for your digital wallet.

Binance, the largest crypto exchange, listed the USD1 stablecoin issued by WLFI, a venture affiliated with the Trump family. Trading opened on May 22, with withdrawals available on May 23. However, geographic restrictions apply. The stablecoin has gained momentum with platforms like KuCoin and HTX listing it. WLFI aims to empower the underbanked.

Bitcoin has reached a new all-time high of over $111,000, driven by institutional investors. The rally has put every Bitcoin holder in profit, reflecting a strong uptrend and increased demand for digital assets. Factors such as equity market recovery, ETF inflows, and public company interest are contributing to Bitcoin’s price surge. The rapid climb has…

Crypto community celebrates Bitcoin Pizza Day, marking 15 years since programmer traded 10,000 BTC for pizza. Coins now worth $1.11 billion at new all-time high of $111,000. Binance leads $5 million giveaway, BTSE launches trading contest, and events worldwide commemorate the occasion. Pizza Day reflects Bitcoin’s rise from meme to financial movement.

Bitcoin is currently trading above $110,000 with Google Trends data for “bitcoin” at 38. Despite the high price, public interest in Bitcoin has dropped. Retail trading volume on Coinbase has decreased compared to previous years, with many small traders still wary after losses in 2022. President Trump’s support for Bitcoin has also impacted the market.