The U.S. Department of Labor has rescinded its 2022 guidance that warned fiduciaries to exercise “extreme care” when considering cryptocurrencies for 401(k) retirement plans. Crypto Gets a Policy Boost as Labor Dept. Revokes 401(k) Warning The original release, issued under the Biden administration, had signaled skepticism about the inclusion of digital assets in retirement investment … Read more
Chainlink (LINK) faces resistance despite a recent 22.14% monthly price gain. On-chain data shows selling pressure and weak buyer momentum. DeFi integrations support a long-term bullish outlook for Chainlink. Chainlink, a prominent decentralised oracle network, is currently navigating a pivotal phase as the price of its native token, LINK, grapples with mounting selling pressure. Although … Read more
Key points: Markets increasingly see fewer Fed rate cuts this year, with the first only coming in September. Despite potential labor market weakness to come, crypto and risk assets lack an overall bullish catalyst, analysis says. BTC/USD continues to drop toward new multiday lows. Bitcoin (BTC) sold off at the May 28 Wall Street open … Read more
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The Katana Foundation, a nonprofit focused on decentralized finance (DeFi) development, is launching its private mainnet, aiming to unlock greater crypto asset productivity via deeper liquidity and higher yields for users. The Katana Foundation launched a DeFi-optimized, private blockchain, Katana, on May 28, incubated by GSR Markets and Polygon Labs, with the public mainnet launch … Read more
Opinion by: Scott Buchanan, chief operating officer of Bitcoin Depot A new proposal to install Bitcoin ATMs in federal buildings highlights an important question: Can crypto truly go mainstream without a stronger physical presence? For years, the industry has focused on software and decentralization, but its reluctance to invest in real-world infrastructure is starting to … Read more
In a bold move signaling its long-term strategy, GameStop has established a corporate Bitcoin reserve by purchasing 4,710 BTC worth approximately $512 million. This acquisition follows a strategic $1.5 billion offering of convertible senior notes, emphasizing GameStop’s commitment to digital assets. “GameStop has purchased 4,710 Bitcoin,” announced the company in a tweet, a significant step … Read more
Telegram is teaming up with Elon Musk to unleash Grok AI across its billion-user platform, igniting a transformative wave in global messaging and artificial intelligence access. Elon Musk’s Grok Breaks out: Telegram’s Billion Users Set for Explosive AI Upgrade Telegram CEO Pavel Durov announced Tuesday on social media platform X that his company has entered … Read more
Crypto casinos are known for making the most out of their sponsorship deals, regularly rolling out promotions tied to the teams and ambassadors they partner with. One of the more notable moves earlier this year came from Roobet—an Aussie-themed crypto casino—which announced a partnership with Premier League giants Chelsea back in January. At the time, … Read more
US Dollar (USD) could strengthen further vs Japanese Yen (JPY); deeply overbought conditions suggest that any advance is likely limited to a test of 144.80. In the longer run, week-long USD weakness has stabilised; USD is likely to trade in a 142.70/145.30 range. Week-long USD weakness has stabilised 24-HOUR VIEW: “The following are the excerpts … Read more