In a compelling report dated May 27th, Bank of America’s Chief Strategy Officer, Michael Hartnett, illuminated the staggering implications of government spending. He noted that to exhaust the US government’s $7.1 trillion fiscal expenditure over the past year, one would need to spend $100 every second for a staggering 2,248 years. This observation comes amid … Read more
Crypto exchange Bitget has entered the expanding market for crypto investment products with the launch of BGUSD, a yield-bearing stable asset backed by tokenized real-world assets. The company announced that BGUSD offers an annual yield of 4%, which is credited daily to users’ spot accounts. Subscriptions to BGUSD can be made using either USDC (USDC) … Read more
Hyperliquid has reached new all-time highs in key metrics as HYPE price takes a breather from its recent rally to ATH and is likely entering a consolidation phase. Hyperliquid (HYPE) has once again posted record-breaking numbers across key metrics, with the open interest reaching $10.1 billion, 24-hour trading fees hitting $5.6 million, and TVL in … Read more
Speculation around XRP reaching astronomical heights continues to stir interest within the financial community. Cheeky Crypto, a well-regarded commentator, draws parallels between the current scenario of XRP and the early days of Bitcoin when skepticism was rampant. Despite initial doubts, patient Bitcoin investors eventually saw substantial returns. Now, with the Ripple-SEC legal showdown nearing its … Read more
Blockchain.com is stepping up its presence in Africa, targeting markets where governments are beginning to implement crypto regulations. The UK-based exchange plans to open a physical office during the second quarter in Nigeria — its “fastest-growing market” in West Africa — along with broader expansion efforts in Ghana, Kenya and South Africa, according to a … Read more
Jupiter (JUP) is trending and could surge 100%, retesting 2024 highs and rewarding token holders. The DEX aggregator has been building and expanding offerings beyond trading and helping drive crypto adoption. Solana is not just another “Ethereum killer” that trends briefly before fading. Over the past three years, after sinking to near oblivion in 2022, … Read more
The digital ruble payments bill, which has already been approved in its first reading by the State Duma, introduces the concept of a universal code that will facilitate digital currency disbursements, giving banks and retail outlets three years for implementation. Digital Ruble Massification Bill Discussed by Russian State Duma More and more countries are introducing … Read more
Bitcoin’s price trajectory is gaining momentum, recently approaching $110,000 driven by increased capital inflows and a surge in first-time buyers. The trend indicates that long-term holders are actively accumulating Bitcoin, which is reducing circulating supply and providing price stability amid ongoing market volatility. A pivotal moment lies in securing $110,000 as a support level; a … Read more
MYEG, a Malaysian e-government and digital services provider, has signed a Memorandum of Understanding (MoU) with Sgtradex, Singapore’s national digital infrastructure for trade data exchange, to facilitate seamless blockchain-powered trade between Malaysia and Singapore. The agreement, signed at the ASEAN-GCC-China CEO Roundtable, aims to enhance digital connectivity in the ASEAN region by enabling interoperable, cross-border … Read more
Massive 300,000 BTC accumulation Bullish BTC signal returns The spending activity of Bitcoin’s (BTC) long-term holders (LTH) suggests that they are increasingly confident in the leading cryptocurrency. According to recent on-chain data shared by analyst Axel Adler Jr., the spending activity of this group has dropped to its lowest level in the last eight months. … Read more