Shiba Inu price could be on the verge of a strong bullish breakout as the daily burn rate rose and the total value locked in Shibarium rose. Shiba Inu (SHIB) rose to $0.00001270 on Wednesday, a few points above the year-to-date low of $0.00010. Third-party data shows that the total value locked in the Shibarium … Read more
Sui Network (SUI) has emerged as a notable player in the cryptocurrency space as it rapidly gains traction with over 1 million new wallet addresses created daily. With daily DEX trading volumes exceeding $400 million, the ecosystem reflects a burgeoning user demand and an impressive stablecoin market cap of $900 million. Institutional interest is on … Read more
Nasdaq-listed Bitcoin mining firm Core Scientific Inc. posted a net profit of $580 million with its first quarter results, but missed analyst revenue estimates after a drop in its mining profits. Core Scientific’s Q1 2025 results, shared on May 7, saw it more than double its $210 million net income from the year-ago quarter, while … Read more
The MEME Act targets soaring political profits from meme coins like TRUMP, proposing sweeping digital asset restrictions for top officials in a move igniting intense regulatory debate. MEME Act Takes Aim at TRUMP Token Profits and High-Level Political Abuse U.S. Senator Chris Murphy (D-CT) introduced a new bill on Tuesday targeting financial misconduct among high-ranking … Read more
Key Points: Trump’s administration faces internal challenges establishing U.S. Sovereign Wealth Fund. Key players are Treasury Secretary Bessent and Commerce Secretary Lutnick. Market expectations heighten as Trump’s announcement looms. Trump Administration Considers U.S. Sovereign Wealth Fund Proposal amid Challenges President Trump’s administration is collaborating on establishing a United States Sovereign Wealth Fund, a move facing … Read more
Donald Trump’s foray into the world of crypto isn’t just making headlines in financial circles. It’s now lighting political fires on Capitol Hill. What started as a stablecoin project tied to Trump-linked firms has ballooned into a full-blown ethics controversy, with Senate Democrats calling it a national security risk and introducing legislation to shut it … Read more
Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds. Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned digital assets if the … Read more
A resurgence to the spotlight has occurred, bringing Ethereum’s well-known whale with it, withdrawn from a half-year dormancy and now moving significant Ethereum from Binance. Six hours ago, identified by the address 0x20D869bA482C6D7a5451Ca1976C655afed01bF67, this Ethereum whale made its first major transaction (since going dormant, that is), withdrawing a substantial amount of the token—1,700 ETH, to … Read more
Key Points: Stripe introduces stablecoin accounts for businesses, expanding in 101 countries. Supports USDC and USDB transactions. Enhances global money management and economic access. Stripe announced the launch of stablecoin financial accounts on May 7, 2025, at its annual “Sessions” event. The initiative targets businesses in 101 countries, enhancing their financial tools. This step marks … Read more
Digital asset frameworks are rapidly evolving. With MiCA and DAC8 regulations coming into effect, the UK government drafting legislation for cryptoasset rules, and Brazil’s central bank pushing for regulation at the end of this year, the need for robust and transparent reporting solutions has never been more essential. In this context, Taxbit, the enterprise-grade tax and accounting compliance platform for digital assets, has … Read more