South Korea’s newly elected president Lee Jae-myung is fast-tracking his campaign promise to allow the issuance of domestic stablecoins, as his party has moved forward with a crypto bill. Lee’s ruling Democratic Party proposed the Digital Asset Basic Act on Tuesday, aimed at improving transparency and encouraging crypto sector competition, Bloomberg reported. The bill stipulates … Read more
Bitcoin may be on the verge of reclaiming its all-time high of $111,970, but crypto analysts say there’s little fundamental support for the asset to meaningfully break above the level. “The risk of a short-term correction continues to build — especially in the absence of a strong catalyst to push Bitcoin decisively above the current … Read more
Its relatively low exposure to tariffs gives it a significant advantage over its competitors. Tariffs have taken a bite out of many companies’ earnings, but some have been able to negotiate the Trump Administration’s tariffs better than others. One of them is Goodyear Tire and Rubber Co. (NASDAQ: GT). Goodyear stock is up 32% year-to-date … Read more
Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 5,935.41 Philippine Pesos (PHP) per gram, down compared with the PHP 5,966.45 it cost on Monday. The price for Gold decreased to PHP 69,227.77 per tola from PHP 69,591.46 per tola a day earlier. Unit measure … Read more
The native token behind the Injective blockchain could be getting an exchange-traded fund in the US, as Canary Capital created a trust in Delaware for a product that appears to offer staking exposure to the token. The Delaware Division of Corporations website shows the entity “Canary Staked INJ ETF” was formed on Monday, the asset … Read more
Altcoins Momentum is building around altcoins, with analysts pointing to both memecoin sleeper hits and major-cap breakouts as signs of a coming market shift. According to crypto trader Unipcs, FLOKI is one of the most ignored yet strongest memecoins on Crypto Twitter. Despite being overshadowed in discussions, it retains a cult-like following and remains one … Read more
Crypto funds reached historic highs in May, with total assets under management climbing to $167 billion—driven by $7.05 billion in net inflows, the largest since December. As investors react to softening trade tensions and seek protection from U.S. market instability, bitcoin has emerged as both a hedge and performance leader, gaining over 15% in three … Read more
The AI agent sector regained strength this week as the markets gained momentum and investor sentiment became bullish. In just the past 72 hours, the total market capitalization of AI agents rose 2.09% and hit $9.64 billion, according to the latest update from @virtuals_io. This rebound signals a potential turnaround for the sector, which had … Read more
Five men have pleaded guilty to their roles in a $36.9 million international crypto scam scheme that targeted Americans, with funds ultimately being sent to a crypto scam center in Cambodia. The crypto scammers used shell companies and US bank accounts to rake in the stolen funds before converting them into Tether (USDT) and sending … Read more
A prominent advancement for the digital asset ecosystem, total market cap of stablecoins has surged past $250 billion. This milestone marks a clear uptick in investor interest and confidence in crypto markets as the figure stood at a low of about $123 billion in mid-2023. More than a twofold increase has occurred in just half … Read more