Tag: Blockchain

Lawmakers Urge DOJ to Investigate Trump’s Controversial Crypto Dinner

A group of 35 U.S. House Representatives is pushing for a Justice Department investigation into a private dinner hosted by Donald Trump on May 22, which reportedly brought together key investors in a memecoin linked to the former president. The lawmakers raised concerns about possible violations of federal law, including foreign influence on American politics […]

US Spot Bitcoin ETFs Close In on Record-Breaking Month With $1.5B Inflows Over Two Days

Spot Bitcoin exchange-traded funds (ETFs) in the United States are on track for a potentially historic month, as recent inflows have significantly contributed to Bitcoin’s surge to new all-time highs, fueled by increasing institutional interest. According to data from Sosovalue, U.S.-based spot Bitcoin ETFs attracted more than $1.5 billion in combined inflows across May 21 […]

Bitcoin Open Interest Hits New Peak as Price Dips Below $111K

The open interest (OI) in Bitcoin futures has surged to an all-time high, highlighting rising market activity and speculation as traders prepare for potential new record highs. Data from CoinGlass shows that Bitcoin futures OI topped $80 billion on May 23 — a 30% rise since the beginning of the month. This spike suggests that […]

FIFA Chooses Avalanche to Power Its New Blockchain for NFTs and Fan Engagement

FIFA has officially selected Avalanche as the foundation for its newly launched blockchain platform dedicated to NFTs and digital experiences for fans, according to a May 22 announcement. The new blockchain will be built using Avalanche’s layer-1 network, known for its high-performance infrastructure and ability to scale, supporting FIFA’s mission to connect with its global […]

Bitcoin Overtakes Amazon’s Market Value on Bitcoin Pizza Day, Reaches New Price Milestone

On May 22, widely recognized in the crypto community as Bitcoin Pizza Day, Bitcoin made headlines by surpassing the market capitalization of retail giant Amazon. According to market figures, Bitcoin’s valuation climbed to $2.205 trillion, outpacing Amazon’s $2.135 trillion by around $70 billion. This comes as Bitcoin soared past the $110,000 mark, setting a new […]

BlackRock’s Bitcoin ETF Sees Surge in Inflows as BTC Approaches $112K

Investor appetite for spot Bitcoin exchange-traded funds (ETFs) is heating up again, with BlackRock’s iShares Bitcoin Trust (IBIT) recording its strongest daily inflow in two weeks as Bitcoin’s price edges near $112,000. On May 21, IBIT attracted $530.6 million in net inflows, its highest single-day haul since May 5, when it pulled in $531.2 million, […]

Bitcoin Hits Record High Amid US-China Trade Truce and Easing Global Tensions

Bitcoin soared to a new all-time high after geopolitical developments lifted market sentiment, sparking renewed confidence among investors. According to TradingView data, Bitcoin (BTC) surged to $109,400 on May 21, representing a 26% gain over the past month. The rally followed the May 12 announcement of a temporary 90-day trade pact between the United States […]

JPMorgan to Enable Bitcoin Purchases for Clients, But Won’t Hold the Asset

Jamie Dimon, CEO of JPMorgan Chase, announced that the bank will soon let clients purchase Bitcoin, though it has no plans to manage the cryptocurrency directly. “We’ll let you buy it,” Dimon stated during JPMorgan’s annual investor day on May 19. “But we’re not going to hold custody of it. It’ll show up on your […]

Banking Industry Growing Uneasy Over Rise of Interest-Paying Stablecoins

The U.S. banking sector is reportedly becoming increasingly anxious about the growing popularity of stablecoins that offer returns, with concerns mounting that they could significantly undercut the traditional banking model. That’s according to Austin Campbell, an NYU professor and founder of Zero Knowledge Consulting. In a post shared on social media on May 21, Campbell—opening […]