The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments. Tether announced a partnership with the TON Foundation to debut an omnichain version of its gold stablecoin XAUt (XAUT) on The Open Network (TON), in an effort to expand the token across ecosystems. The new token, “XAUt0,” was built on LayerZero’s...Continue Reading

Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited. Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Read moreContinue Reading

Circle has increased its IPO target to $896 million amid rising investor interest, growing stablecoin adoption and a more favorable US regulatory environment. Update (June 2 at 2:42 pm UTC): This article has been updated to include a statement from Circle. Major stablecoin issuer Circle has increased its initial public offering (IPO) target to $896...Continue Reading

Michael Saylor’s Strategy continued stacking Bitcoin in the last week of May, buying $75.1 million worth of BTC. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, revealed its latest BTC purchases after the price briefly dropped to $103,000 last week. Strategy acquired 705 Bitcoin for $75.1 million between May 26 and 30, the...Continue Reading

Bitcoin price expectations are back in flux as a record monthly candle close contrasts with worries over a retest of lower support levels next. Bitcoin (BTC) starts June with BTC price action in a dangerous place. Can buyers preserve key bull market support levels? Bitcoin traders are gearing up for fresh volatility as the highest-ever...Continue Reading

Metaplanet now ranks as the ninth-largest corporate Bitcoin holder with over 8,888 BTC, surpassing Galaxy Digital and Block Inc. after a $117.9 million purchase. Japanese investment company Metaplanet has become the world’s eighth-largest corporate holder of Bitcoin, continuing its aggressive strategy to promote Bitcoin adoption across Asia. The company acquired an additional 1,088 Bitcoin (BTC)...Continue Reading

South Korea’s leading presidential candidates have both promised to legalize spot crypto ETFs, ease current regulations and launch a won-backed stablecoin. South Korea’s crypto scene will gain either way in the country’s presidential elections, as both candidates have run on pro-crypto platforms, pledged to ease regulations and expand crypto access. South Koreans will head to...Continue Reading

Ether led last week’s $286 million of net inflows to crypto ETPs, while Bitcoin investment products saw outflows of $8 million, CoinShares reported. Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000. Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the...Continue Reading

Orange Cap Games has acquired the Moonbirds, Mythics and Oddities NFT collections from Yuga Labs, just a year after the NFT conglomerate acquired them. Crypto gaming startup Orange Cap Games (OCG) has acquired the intellectual property of the Ethereum-based non-fungible token collection Moonbirds from Yuga Labs. OCG said on May 30 that it bought the...Continue Reading

ZachXBT says both the wallet addresses that sent Silk Road founder Ross Ulbricht 300 Bitcoin were active in 2014 and 2019 while he was in prison. Ross Ulbricht’s recent receipt of 300 Bitcoin is from “questionable sources,” but it’s unlikely to be a case where he donated it to himself, says blockchain researcher ZachXBT. Ulbricht,...Continue Reading