Binance has filed a motion in Delaware Bankruptcy Court to dismiss a lawsuit brought by the estate of FTX Trading Ltd., which seeks to recover $1.76 billion related to a 2021 share buyback deal. The crypto exchange contends that the estate is attempting to redirect blame for its collapse from the criminal misconduct of founder … Read more
Auradine Inc., a U.S.-based Bitcoin miner manufacturer, today announced it is unveiling a broadened portfolio of mining products at the Bitcoin 2025 Conference in Las Vegas, featuring high-performance ASIC chips, specialized cooling systems, and fully integrated modular containers engineered for scalable, megawatt-class mining operations, according to a press release sent to Bitcoin Magazine. “Our goal … Read more
US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor. On May 19, 16 Democratic senators broke from the party line to pass a motion to invoke cloture, which will now set the bill up for debate on the Senate floor. Some of the same Democrats … Read more
Key Insights Robert Kiyosaki warns of a looming US recession following Moody’s credit downgrade. “Rich Dad Poor Dad” author predicts higher interest rates and economic slowdown. Kiyosaki recommends Bitcoin, gold, and silver as protection against a financial crisis. Financial author Robert Kiyosaki has issued warnings about an imminent US recession following Moody’s downgrade of US … Read more
Robinhood has submitted a 42-page proposal to the US Securities and Exchange Commission (SEC), calling for a national framework to regulate tokenized real-world assets (RWAs). The brokerage firm is seeking to modernize financial infrastructure by making tokenized assets legally equivalent to their traditional counterparts and enabling compliant onchain settlement, Forbes reported on May 20. In … Read more
Cryptocurrency exchange Kraken announced the launch of regulated derivatives trading on its platform under the European Union’s Markets in Financial Instruments Directive (MiFID II). According to a May 20 announcement, Kraken’s perpetual and fixed maturity crypto futures contracts will be available for trading by retail and institutional customers in the European Economic Area (EEA). The … Read more
In addition to the forecasts for Platinum, Metals Focus has also published forecasts for Palladium, Commerzbank’s commodity analyst Carsten Fritsch notes. Mine production of Palladium is expected to fall by 6% this year “The Palladium market is expected to post a physical supply deficit (excluding ETF demand) of 254 thousand ounces this year. Last year, … Read more
Bitcoin ETFs opened the week with a bullish $667 million net inflow, led by Blackrock, Fidelity, and Ark 21shares. Ether ETFs joined the party with $13.66 million in the green, all from Blackrock’s ETHA. Bitcoin ETFs Rally With Fourth Straight Day of Gains; Ether ETFs Add $13 Million The week kicked off with a bang … Read more
Large holders moved an astounding 6.35 trillion SHIB on May 12, marking a recent massive spike in transaction volume on Shiba Inu. Although that initially sounds explosive, the fallout paints a more sobering picture. SHIB has not been able to sustain any momentum from that activity, according to the daily price chart. The meme coin … Read more
Circle co-founder and Catena Labs CEO Sean Neville has launched a project that aims to develop a financial institution that natively leverages artificial intelligence. On May 20, Catena Labs, the company building an “AI-native financial institution,” announced that it secured $18 million in a funding round led by Andreessen Horowitz (a16z) Crypto, a16z’s crypto and … Read more