The Philippines is now openly weighing whether to slash its holdings of US Treasuries, following the credit downgrade of the United States by Moody’s Ratings, according to statements made by Eli Remolona, Governor of the Bangko Sentral ng Pilipinas (BSP), during a Friday press briefing. “We’re looking at it,” Eli said when asked if cutting … Read more
Open Interest jumped 31.3% as funding flipped positive, showing strong long trader conviction. Short liquidations worth $1.64M reflected seller exhaustion near the $4.18 breakout zone. Sui [SUI] has achieved a significant on-chain milestone as its Total Value Locked (TVL) soared to a record $2.2 billion on the 22nd of May 2025. This represents a 222% … Read more
R3 announced a strategic collaboration with the Solana Foundation aimed at merging public and private blockchain networks to enhance institutional access to digital capital markets. This partnership will leverage R3’s enterprise-grade private blockchain technology alongside solana’s high-performance public mainnet, facilitating the integration of regulated financial institutions with tokenized real-world assets (RWAs). The initiative is expected … Read more
Arthur Hayes warns that a joint stablecoin venture by major US banks could spell the end for Circle’s USDC dominance. The GENIUS Act opens the door for regulated bank-issued stablecoins, threatening crypto-native projects. A banking-backed stablecoin could shift stablecoins from decentralization to institutional control. Arthur Hayes, the co-founder of BitMEX and a long-standing voice in … Read more
It’s safe to say that the surge in stablecoin adoption has not gone unnoticed by the banks. Several of the largest banks in the US are reportedly in early talks to launch a joint stablecoin, aiming to challenge the popularity of crypto and digital payment solutions. “The conversations have so far involved companies co-owned by … Read more
Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC). In a May 23 X post, Hyperliquid Labs announced that it has “submitted two comment letters to the [CFTC] in response to its recent Requests for Comment … Read more
In a significant development for the cryptocurrency sector, major Wall Street banks are planning to enter the stablecoin market. JPMorgan, Citigroup, Bank of America, and Wells Fargo are reportedly collaborating on a new stablecoin initiative, signaling a major shift in the industry landscape. This joint venture aims to introduce a novel competitor to existing stablecoin … Read more
Key Notes MOODENG price has climbed 700% in the past 15 days, reaching $0.32 with a 138% surge in daily trading volume to $830 million. Futures open interest for MOODENG and MEW has spiked significantly, with MOODENG up 45% to $300 million and MEW rising 125% to $72 million. Meme coins are reflecting greater strength … Read more
Decentralized finance (DeFi) platforms have a major cost advantage over traditional banks when it comes to onboarding new users, according to Anton Bukov, co-founder of decentralized exchange (DEX) 1inch. Speaking at a panel during Dutch Blockchain Week on May 22 in Amsterdam, Bukov said traditional banks spend between $100 and $300 per user to verify … Read more
Key points: Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024. The BTC price uptrend “may continue” as a result, CryptoQuant analysis concludes. Bitcoin short-term holders are firmly in the black in a further potential bull market boost. Bitcoin (BTC) buyers remain dominant on exchanges as all-time … Read more