Hong Kong Monetary Authority intervenes with $9.4 billion to defend the HKD peg to the U.S. dollar. Bitcoin rises 3%, reaching $97K, as risk conditions ease and sentiment improves. New Hampshire creates the first state-level Bitcoin reserve, allowing up to 5% of public funds in crypto. Tuesday, the Hong Kong Monetary Authority (HKMA) intervened in … Read more
The US Federal Reserve’s recent decision to maintain its interest rate complicates the outlook for crypto investors amidst shifting economic signals. Market participants are now closely monitoring upcoming inflation data and employment figures, crucial indicators for potential future rate adjustments. “Uncertainty about the economic outlook has increased further,” noted Fed officials, emphasizing the transitional economic … Read more
Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one. Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he “wouldn’t mind” a pardon and that his lawyers have already … Read more
Fantasy elements have started shaping more than just books and shows; they’re now reshaping the way people engage with crypto. While Solana is known for its fast transactions and Monero focuses on secure privacy, Dragoin has added a different flavor to the scene. Blending medieval mythology with engaging Play-to-Earn features, Dragoin offers a game-like experience … Read more
As the two nuclear nations – India and Pakistan – engaged in a military confrontation on Tuesday, Solana-based token under the name of ‘Operation Sindoor’ has started floating in the market, as investors seek to ride the momentum. These tokens have been majorly circulating on decentralized exchanges and trading up 24% with trading volumes of … Read more
Congress faces mounting pressure to pass landmark crypto legislation as U.S. leadership in digital finance hangs in the balance. Steil Urges Swift Bipartisan Action on Digital Asset Regulation at Congressional Roundtable U.S. Representative Bryan Steil (R-WI) called for immediate bipartisan action on digital asset legislation at a joint roundtable held May 6 by the U.S. … Read more
In recent developments, Donald Trump has taken bold initiatives that have significantly impacted global economic dynamics. These actions come at a time when the Federal Reserve has begun to decrease interest rates, setting the stage for possible significant shifts in the cryptocurrency market. This raises inquiries into whether the global trade discord, sometimes referred to … Read more
As a blow to Bitcoin investors, Florida withdrew its two Bitcoin reserve bills from consideration, and asset manager VanEck filed for the first US BNB exchange-traded fund. Binance founder Changpeng “CZ” Zhao predicts that Bitcoin will reach between $500,000 and $1 million this market cycle due to increasing institutional adoption, growing government accumulation, and a pro-crypto … Read more
Bhutan, known for investments in cryptocurrencies like Bitcoin, has launched a tourism crypto payment system in partnership with Binance Pay and DK Bank. The system allows Bhutan travelers with Binance accounts to pay for services like tickets, hotel stays, tour guides and other products using at least 100 different crypto assets, including Bitcoin (BTC), USDC … Read more
Bitcoin closed April with a strong 14.08% monthly gain, outperforming the historical April average and reversing direction after a sharp correction at the beginning of the month. Bitcoin’s more than 32% rally from its lows of $74,000 in early April to around $98,000 has also raised expectations for a rally. However, while BTC’s recent decline … Read more