Category: crypto

Bhutan’s government transferred $66 million in Bitcoin to Binance, sparking debate in the crypto community. Despite recent sales, Bhutan holds 12,456 BTC worth $886 million, making it the fifth-largest national Bitcoin holder. Bhutan’s BTC reserves were built through mining, diversifying its economy after the pandemic impacted tourism revenue.

Bitwise CIO Matt Hougan predicts Bitcoin’s price could reach $200,000 without a collapse of the US dollar. He believes Bitcoin’s value is driven by its role as a digital store of value and inflationary pressures on fiat currencies. Hougan sees potential for Bitcoin to grow significantly and become a key player in the global financial…

Bitcoin is currently trading at $73,500, close to its all-time high, showing signs of steady growth without the usual frenzy. Trading volumes are lower than in the first quarter of the year, indicating a more stable market. Institutional demand is increasing, with futures contracts and ETF flows supporting the expectation of continued gains. K33 Research…

Optimism Foundation and Kraken closed a $25 million deal to bring the exchange’s new layer-2 blockchain, Ink, to the Superchain ecosystem. The deal is worth $43 million at OP’s current price. The grant will fund Kraken’s protocol engineering and incentivize major transaction milestones, with a positive return on investment.

Lido has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking across Ethereum layer-2 networks like Arbitrum, Base, and Optimism. This integration allows users to stake ETH from different blockchain networks and receive wrapped staked ETH (wstETH). Chainlink’s Data Feeds and Automation will be used to determine redemption rates and enhance liquidity management.

Bankrupt crypto exchange FTX is suing KuCoin to recover over $50 million in assets allegedly withheld from the now-defunct Alameda Research. KuCoin locked access to the assets, valued at $30 million, after bankruptcy proceedings began. Despite repeated requests, KuCoin has refused to release the assets, which have now grown to over $50 million. FTX aims…

TRON DAO hosted an event in Uyo, Nigeria, bringing together students and industry professionals for educational workshops on blockchain technology and gaming tournaments. TRON is focused on empowering local communities in Africa and promoting blockchain literacy. TRON network has achieved significant milestones since its launch in 2018, including partnerships with countries like Dominica.

Gemini has received in-principle approval from MAS in Singapore to offer cross-border money transfer and digital payment token services. The exchange sees Singapore as a key market in Asia-Pacific and is committed to upholding top-tier regulatory standards. Singapore’s supportive environment has attracted many crypto companies, with 28 licensed businesses currently operating in the country.

Coinbase CEO Brian Armstrong has criticized the SEC for filing “frivolous” cases against crypto firms and called for the agency to apologize to the American people. He highlighted inconsistencies in the SEC’s approach to the crypto sector, including conflicting statements on whether digital assets qualify as securities. Armstrong also raised concerns about the agency’s regulatory…

The Netherlands has initiated a public consultation on new regulations for crypto ownership and taxation, emphasizing transparency to combat tax evasion. Crypto providers will need to report user data to tax authorities. Feedback will shape legislation aimed for 2026 implementation, amid wider EU efforts to enhance crypto tax regulations.