Today, KULR Technology Group, Inc. (NYSE American: KULR) announced a $9 million expansion of its Bitcoin Treasury, bringing total acquisitions to $78 million. The latest purchase was made at a weighted average price of $103,234 per bitcoin, bringing the company’s total holdings to 800.3 BTC. The move follows KULR’s December 2024 strategy to allocate up … Read more
Altcoins In the ever-evolving crypto market, leverage plays a central role in shaping short-term price movements and revealing market sentiment. Two critical indicators that help track leveraged positions are Open Interest (OI) and the Long/Short Ratio (LSR). Open Interest reflects the total number of outstanding derivative contracts that have not been settled, while the Long/Short … Read more
Artificial intelligence platform Validation Cloud has launched a new large language model on the Hedera network, potentially giving decentralized finance users the ability to reach blockchain data in a more accessible way. The Mavrik-1 AI engine has been deployed on Hedera, with several other planned integrations expected during a public rollout later this year, Validation … Read more
Magic Eden is integrating with Spark to improve Bitcoin trading by addressing issues like slow transaction times, high fees, and poor user experience. According to a press release sent to Bitcoin Magazine, the integration will introduce a native settlement system aimed at making transactions faster and more cost-effective, without using bridges or synthetic assets. The … Read more
US Securities and Exchange Commission (SEC) Paul Atkins appeared before lawmakers in one of his first hearings since becoming chair of the financial regulator, addressing questions about his plans for the cryptocurrency industry. In a May 20 hearing discussing oversight of the SEC, Atkins reiterated his pledge to make regulating digital assets a “key priority” … Read more
The United States government stands mere months, if not weeks, from the passing of stablecoin legislation that will set the playing field for the global economy for decades, if not centuries, to come. During this crucial moment, in which we should all be keeping our eyes locked with precision on the prize, the best and … Read more
Crypto News Discover the next potential crypto moonshots, like Pepe (PEPE), FloppyPepe (FPPE), and Shiba Inu (SHIB), that could follow Ethereum’s (ETH) legendary journey from under $1 to over $4,500. A new wave of meme-powered tokens is generating excitement set to replicate Ethereum’s (ETH) surge, with FloppyPepe (FPPE), Pepe (PEPE), and Shiba Inu (SHIB) leading … Read more
Key Notes Binance filed a motion to dismiss a $1.76 billion clawback suit from the FTX estate. Motion claims that FTX’s claims are baseless and the court lacks jurisdiction since Binance and CZ are not US citizens. While legal battles continue, the FTX Recovery Trust is preparing to distribute over $5 billion to creditors. In … Read more
Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero. The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo … Read more
Sovereign investment in Bitcoin is accelerating—just not always in the most direct way. In a new report, Standard Chartered Bank says indirect exposure via Strategy (formerly MicroStrategy) is quietly increasing among government entities, reinforcing the bank’s long-standing price prediction that Bitcoin will reach $500,000 before President Donald Trump leaves office in 2029. “The latest 13F … Read more