Japanese investment firm Metaplanet Inc. has added 1,241 more Bitcoin to its treasury, pushing its total holdings above 6,700 BTC. According to a May 12 public filing, the latest purchase, made at an average price of ¥14.85 million (around $95,700) per Bitcoin (BTC), cost the company ¥18.4 billion (roughly $119 million). With this move, Metaplanet’s … Read more
Here is what you need to know on Monday, May 19: News of US and China making substantial progress in trade talks this past weekend lifts the risk sentiment on Monday. In the absence of high-tier macroeconomic data releases, investors will scrutinize the headlines surrounding the US-China relations and pay close attention to comments from … Read more
Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Bolivia completes a crypto comeback story by announcing its digital currency, the Brazilian stock exchange launches SOL and ETH futures, and Belo Horizonte aims to become a bitcoin capital. De-Dollarization … Read more
US federal prosecutors have rebutted claims they suppressed evidence in their case against the co-founders of the crypto mixing service Samourai Wallet, arguing their disclosure of a conversation with Treasury Department staff was made within the required timeframes. In a May 9 letter to a Manhattan federal court, prosecutors opposed a request for a hearing, … Read more
As the crypto landscape evolves, the upcoming SEC Digital Assets Roundtable promises to be a pivotal moment in regulatory discussions. The crypto task force’s fourth roundtable meeting is all set to take place on the 12th of May, focusing on crucial regulatory frameworks. BlackRock and Cardano’s pivot strategies signal faster innovation and deeper institutional crypto … Read more
Decentralized exchange Uniswap has hit a whopping $3 trillion in aggregate all-time volume, the first decentralized exchange to hit the number. Uniswap founder Hayden Adams noted the achievement in an X post on May 12, which included a screenshot of a Dune Analytics dashboard counting down to the milestone. Uniswap also has a current daily … Read more
Crypto users could be looking for a more sustainable yield this cycle, as total value locked in decentralized finance (DeFi) lending continues to hit new highs while decentralized exchanges (DEXs) have lagged in comparison. DeFi lending protocols are currently the leading DeFi vertical in TVL at $53.6 billion, representing 43% of the $124.6 billion locked … Read more
Ethereum has long been a top name in the crypto world, but changes are brewing. New, disruptive coins are rising and could reshape the market’s landscape. With the current crypto bull cycle underway, the spotlight is on a few key players gaining traction. Solana, XRP, and Cardano are making strides to capture attention. Meanwhile, an … Read more
Three teenagers have been accused of kidnapping a man at gunpoint after he was returning from a crypto event in Las Vegas, before driving him an hour outside of the city and robbing him of $4 million in crypto and non-fungible tokens. According to police, the incident occurred last November. The victim had finished hosting … Read more
USD/CHF gains momentum to around 0.8340 in Monday’s early European session, up 0.60% on the day. Optimism in US-China trade talks undermines the CHF, a safe-haven currency. Persistent geopolitical risks might cap the upside for the pair. The USD/CHF pair rises to near 0.8340 during the early European session on Monday. The Swiss Franc (CHF) … Read more