In brief The bill requires stablecoin reserves to be backed 1:1 by cash or short-term U.S. Treasuries, with Citibank projecting issuers could hold $1.2 trillion in Treasuries by 2030. Experts warn of concentration risk and possible “runs” on Treasuries if investors lose faith in stablecoins and cash out en masse. Sen. Hagerty argues the legislation … Read more
Key Points: Binance introduces B/USDT perpetual contract. Allowing up to 50x leverage for users. Enhancing Binance’s derivatives panel. On May 22, 2025, Binance will introduce a B/USDT perpetual contract allowing up to 50 times leverage. This expansion aims to bolster user trading options and enrich Binance’s derivatives panel. Binance has announced the introduction of the … Read more
INDIANAPOLIS, INDIANA – MAY 10: Tyrese Haliburton #0 of the Indiana Pacers reacts after his made … More three-point basket against the New York Knicks during the second quarter in Game Three of the Eastern Conference Second Round Playoffs at Gainbridge Fieldhouse on May 10, 2024 in Indianapolis, Indiana. NOTE TO USER: User expressly acknowledges … Read more
SHIB broke out of a descending channel while Open Interest surged 130%. Whale Netflows dropped 116.67% over seven days, indicating reduced activity or caution among large holders. Shiba Inu [SHIB] ignited fresh excitement in the market after its 24-hour burn rate soared by an eye-popping 8925.23%. Such a move reflects the SHIB community’s intensified effort to … Read more
A new research report by River reveals that nearly 50 million Americans, or 14.3% of the population, own bitcoin, the highest ownership rate of any geographical region. Additionally, the report highlights that 32 American public companies, with a combined market capitalization of $1.26 trillion, hold bitcoin as a treasury asset. Bitcoin Ownership Demographics and Corporate … Read more
Memecoin trading activity on Solana is tracking Bitcoin’s recovery, with the average daily trading volume rising 46% between April and May. According to Blockworks data, monthly trading volume for memecoins on Solana was $58.7 billion as of May 21, already over $1 billion higher than the volume registered in April. Additionally, memecoins accounted for 64.6% … Read more
Dogecoin has seen its daily large transaction volume surge massively by 41.12%, with whales actively moving large amounts of tokens, according to data from IntoTheBlock. DOGE whales in action The data shows that a total of 60.9 billion DOGE worth about $23.35 billion have been moved by DOGE large transaction holders over the last 24 hours. … Read more
The crypto market’s elite assets are showing remarkable strength as Bitcoin flirts with all-time highs and Ethereum capitalizes on its breakthrough upgrade. Meanwhile, BitLemons ($BLEM) has quietly amassed over $2M in presale funding as savvy investors position themselves for potentially staggering returns in the GambleFi sector. While established coins continue their upward trajectory, $BLEM’s unique … Read more
An American tourist in the United Kingdom was reportedly drugged by an individual posing as a taxi driver, who stole the tourist’s $123,000 in Bitcoin stored on a cell phone. According to a report from My London, Jacob Irwin-Cline went out to a London bar and had several drinks before calling an Uber to take … Read more
Key Points: Representative Maxine Waters proposed legislation targeting political figures’ digital asset holdings. The TRUMP Act aims to restrict potential undue influence involving politically-linked crypto assets. Political crypto involvement, such as President Trump’s association with TRUMP coin, draws regulatory attention. The U.S. Democratic leader, Representative Maxine Waters, introduced the “Stop Trading, Retention, and Unfair Market … Read more