Bitcoin mining stocks experienced widespread declines Wednesday, with most major publicly traded firms in the sector in the red. Bitcoin Mining Stocks See Red Across the Board Galaxy Digital Holdings, leading by market capitalization at $6.64 billion saw its shares drop 11.33% this afternoon and 14.11% over the last five sessions, even as it’s up … Read more
Key Points: UK FCA proposes stablecoin regulation and seeks industry feedback, impacting market compliance. FCA’s stablecoin proposal affects crypto exchanges and financial institutions. FCA’s rules may change crypto regulations’ competitive landscape in the UK. UK FCA Seeks Input on Stablecoin and Crypto Custody Regulation The UK Financial Conduct Authority announced on May 28, 2025, its … Read more
Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets. Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According to the firm, the attacker used the … Read more
After this initiative, a milestone will be achieved that will open ways for similar products across other crypto assets. The chief legal officer of Ripple restated in a letter to the SEC’s crypto task force this week that XRP should not be treated as a security. The Securities and Exchange Commission of the United States … Read more
Jim Irsay built his own legacy with the Indianapolis Colts, a truly significant achievement. (Photo … More by Justin Casterline/Getty Images) Getty Images There have been three heinous moves in the history of American sports. The first was the decision by Walter O’Malley to take the Dodgers out of Brooklyn and move them to Los … Read more
The U.S. Department of Labor has rescinded its 2022 guidance that warned fiduciaries to exercise “extreme care” when considering cryptocurrencies for 401(k) retirement plans.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