MBS Global Investments, based in Dubai, plans to invest $8.8 billion over five years to establish a blockchain and digital asset hub in the Maldives. This initiative aims to diversify the country’s economy, which currently relies heavily on fishing and tourism. Diversifying the Maldives’ Economy The Dubai-based MBS Global Investments is reportedly set to pour … Read more
The crypto ETF space will see big developments in 2025. The U.S. SEC is set to review over 70 crypto ETF applications this year. This comes after the approval of Bitcoin and Ethereum ETFs in 2024, which made way for altcoin ETFs. Analysts believe the SEC may approve spot ETFs for altcoins like Solana, XRP, … Read more
US President Donald Trump gave clashing answers to whether he has profited from the crypto memecoin he launched in January, just days before he re-entered the White House. In a wide-ranging interview with Kristen Welker on NBC News’ Meet the Press released on May 4, Trump said he was “not profiting from anything” when asked … Read more
Whale capitulation and OM’s breakdown from $6 to $0.42 reflected intense sell-side pressure. On-chain indicators stayed bearish, with both MVRV and RSI buried deep in oversold territory. Mantra [OM] has entered a highly volatile phase after a whale deposited 2 million OM, valued at $871K, into Binance, realizing a staggering $25.44 million loss. This move … Read more
Ever thought the crypto jackpot might have a hidden flaw? Meme coins dominate the 2025 conversation, and the scene’s newest alpha isn’t a dog—it’s a cat. Troller Cat ($TCAT) is making serious noise now that its presale has launched and rocketed to Stage 3 in less than 1.5 hours after raising over $40,000 in the … Read more
Crypto exchange OKX has brought its decentralized exchange (DEX) aggregator back online with new security upgrades after it was paused in March to prevent further misuse by the North Korean hacking crew, the Lazarus Group. OKX founder and CEO Star Xu said in a May 4 statement to X that the DEX aggregator, OKX Web3, … Read more
Early Bitcoin entrepreneur Charlie Shrem says he’s working on bringing back the Bitcoin faucet — a website that hands out Bitcoin to whoever solves CAPTCHA tasks, normally used to distinguish humans from machines. Shrem shared his new Bitcoin (BTC) faucet website — 21million.com — in a May 4 X post, which mimics the first-ever Bitcoin … Read more
Altcoins Joao Wedson, head of blockchain analytics firm Alphractal, has forecasted a major shift in the crypto market — and this time, it’s altcoins taking the spotlight. In a detailed social media update, Wedson shared his outlook for the coming months, painting a bullish picture for smaller-cap digital assets. According to Wedson, signs of life … Read more
The Australian crypto industry has called on the newly reelected Labor government to urgently make digital asset legislation a top priority to ensure Australia doesn’t fall further behind global markets. The incumbent Australian Labor Party was returned in a landslide on May 3, picking up 54.9% of the two-party-preferred vote, against the Liberal and National … Read more
Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week. The US-based Bitcoin (BTC) funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset allocator HODL15Capital on May … Read more