Bitcoin Rebounds to $100K as Fed Maintains Rates Despite Trump’s Pressure
Bitcoin has surged back to the $98,000 mark for the first time in nearly three months after the U.S. Federal Reserve confirmed it would leave interest rates unchanged for now. The Fed’s decision, announced on May 7, comes amid increasing political tension, particularly from former President Donald Trump, who recently criticized Fed Chair Jerome Powell […]
US Banks Allowed to Handle Crypto Custody and Partner with Third Parties, Regulator Says
The Office of the Comptroller of the Currency (OCC) has officially clarified that banks within its oversight can engage in crypto-related activities on behalf of their clients, including trading digital assets held in custody and working with third-party service providers. In a statement made on May 7, Acting Comptroller Rodney Hood confirmed that national banks […]
Bitcoin reaches $100K as Trump Teases Major UK Trade Agreement
Bitcoin reaches $100,000 threshold, fueled by growing anticipation surrounding an upcoming trade deal between the United States and the United Kingdom, which is expected to be announced by former President Donald Trump. On May 7, Trump posted on Truth Social about an imminent “major trade deal” involving a “big, and highly respected, country.” According to […]
Trump-Backed Stablecoin USD1 Becomes 7th Largest Globally
USD1, a US dollar-pegged stablecoin introduced by World Liberty Financial (WLFI) — a company publicly supported by former President Donald Trump — has rapidly climbed the ranks to become the world’s seventh-largest stablecoin just two months after launch. WLFI is currently conducting a community vote on an airdrop proposal for USD1, as the token’s market […]
Bitcoin-Backed Lending Gaining Traction as Confidence in Market Grows, Says Xapo Bank CEO
As Bitcoin solidifies its place in the financial world, more investors are becoming comfortable using their crypto as collateral for loans, according to Seamus Rocca, CEO of Gibraltar-based Xapo Bank. Speaking at Token2049 in Dubai, Rocca explained that with Bitcoin trading around $95,000 and institutional interest continuing to rise, the mindset of many holders has […]
Metaplanet Hits 5,555 BTC Mark After Latest 555 Bitcoin Purchase
Japanese investment firm Metaplanet has taken another major step in its Bitcoin accumulation strategy, acquiring an additional 555 BTC. This latest purchase brings the company’s total holdings to 5,555 Bitcoin—worth over $536 million at current market prices. According to a disclosure on May 7, the Tokyo-listed company spent approximately $53.4 million to buy the 555 […]
VanEck Submits Proposal for First U.S. BNB ETF
Investment firm VanEck has submitted a request to U.S. regulators to launch an exchange-traded fund (ETF) that would track BNB, the native cryptocurrency of Binance’s BNB Chain, according to official filings. The proposed fund would hold physical BNB tokens and may also allocate part of its holdings to staking through reliable providers, as stated in […]
OKX Exec Urges Focus on Real-World Impact Amid Surge in Asset Tokenization
As the tokenization of real-world assets (RWAs) gains momentum, the head of OKX’s Middle East and North Africa division is urging the crypto industry to stay grounded in practical use cases rather than chasing hype. Speaking during the Token20249 conference in Dubai, Rifad Mahasneh, CEO of OKX MENA, emphasized the need for blockchain projects to […]
Trump’s Crypto Ties Stir Controversy as GOP Reveals Digital Asset Legislation
Former U.S. President Donald Trump’s growing involvement in the cryptocurrency sector is raising eyebrows in Washington, just as House Republicans introduce a new legislative framework for digital assets. On May 5, GOP lawmakers presented a draft bill aimed at creating clearer regulations for the crypto market—while Democrats began rallying a response, concerned over Trump’s deepening […]
US Bitcoin ETFs Outpace Miner Production by Nearly 6x in a Single Week
In a remarkable show of demand, U.S.-based spot Bitcoin exchange-traded funds (ETFs) scooped up nearly six times more BTC last week than miners were able to produce. According to HODL15Capital, between April 28 and May 4, these ETFs acquired approximately 18,644 BTC, while miners generated just 3,150 BTC—equivalent to 450 coins per day. This sharp […]