Aave Labs’ Push received FCA approval for “certain cryptoasset activities” in the UK, supporting its plans for regulated stablecoin on- and off-ramping. Aave Labs’ UK subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., known together as Push, received Financial Conduct Authority (FCA) cryptoasset registration as cryptoasset exchange providers under the UK’s current Anti-Money Laundering...Continue Reading

XRP breaks key support at $1.30 as bearish technical setups and weak investor sentiment point to a deeper correction toward $0.63. XRP (XRP) price dropped to $1.26 on Thursday, its lowest in over 16 weeks. A bearish technical setup suggested that the pressure may extend into June. XRP/USD daily chart. Source: Cointelegraph/TradingView Read moreContinue Reading

Bitcoin approached the final week of CME futures gaps with several still open, providing potential BTC price targets as low as $67,000. Bitcoin (BTC) has created its last classic price magnet as a staple chart feature disappears forever. Key points: Read moreContinue Reading

US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000. BlackRock’s spot Bitcoin exchange-traded fund (ETF) posted its second-largest daily outflow on record as US Bitcoin funds extended an eight-day redemption streak during a sharp pullback in the cryptocurrency to below $75,000....Continue Reading

An unknown entity burned $8.5 million worth of Bitcoin after 12 years of holding, rendering the BTC unspendable, despite its price increasing by 12,700%. An unknown entity burned 107 Bitcoin, worth about $8.5 million at the time, effectively removing them from spendable circulation and sparking numerous theories after holding the funds for over 12 years....Continue Reading

Samsung Securities, SDS and Card will buy 4% of Dunamu as Korean firms prepare for tokenized securities and stablecoin frameworks. Samsung Securities, Samsung SDS and Samsung Card will acquire a combined 4% stake in Dunamu, the operator of South Korean crypto exchange Upbit, in a deal that expands Samsung affiliates’ exposure to the country’s digital...Continue Reading

ETH’s price has entered a decisive breakdown stage of its prevailing technical pattern, indicating further declines toward $1,750 despite strong retail sentiment. Ethereum’s native token, Ether (ETH), slipped below $2,000 for the first time since March, but retail traders have not reacted with panic yet. Key takeaways: As of Thursday, “buy the dip” calls on...Continue Reading

Polymarket executive Josh Stevens said identity checks apply only to early beta access and are not being added to Polymarket’s existing platform. Polymarket’s vice president of engineering, Josh Stevens, clarified that the prediction market platform is not adding mandatory Know Your Customer (KYC) checks to its existing service, after a report said the company had...Continue Reading

Over $935 million was wiped out across the crypto market as traders shifted their focus to $70,000 as the last line of defense for Bitcoin. Bitcoin (BTC) sold off into the early Asian Trading session on Thursday as the drop to $72,600 produced significant liquidation of leveraged positions across the crypto market. Key takeaways: The...Continue Reading

The Bank for International Settlements’ collaboration with seven central banks and more than 40 institutions concludes a two-year project with a prototype settling wholesale payments in seconds. The Bank for International Settlements (BIS) released a report Wednesday on Project Agorá, an experimental prototype for cross-border wholesale payment. The BIS said the report shows how seven...Continue Reading