Author Archives: pdgweb

A crypto trader spent $3.8 million to buy Ether at a significantly higher price after selling the asset for almost the same amount about a month ago.  On May 22, blockchain analytics firm Lookonchain reported that a crypto wallet spent $3.8 million to purchase 1,425 Ether (ETH) at $2,670 per coin, reentering ETH after a …

Continue reading “Whale buys back ETH holdings after losing $2.67M by selling early”

Crypto awareness in Singapore has reached an all-time high, with 94% of respondents in a recent survey indicating familiarity with at least one digital asset. However, ownership declined, falling to 29% in 2025 from 40% the previous year, according to Independent Reserve’s fifth annual Singapore Crypto Market Survey released on May 21. The survey, conducted …

Continue reading “Crypto awareness in Singapore hits record 94%, but ownership falls”

The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22. FIFA’s layer-1 (L1) blockchain will be powered by the Avalanche network’s scalability-focused infrastructure for the association’s five billion fans worldwide. The move comes nearly a month …

Continue reading “FIFA taps Avalanche to launch dedicated blockchain for NFT platform”

The market cap of the world’s first cryptocurrency, Bitcoin, surpassed that of retail and tech behemoth Amazon on “Bitcoin Pizza Day.” Market data shows that Bitcoin (BTC) had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation. “By surpassing Amazon in terms of capitalization, …

Continue reading “Bitcoin tops Amazon market cap on ‘Pizza Day’ as price sets new highs”

Travelers using cryptocurrency for booking arrangements spend more than twice as much as regular travelers using fiat money, according to a joint report from Binance Pay and crypto travel platform Travala shared with Cointelegraph. Crypto-based bookings on Travala reached $80 million in 2024, up from $45 million the year before. Crypto travelers are also outspending …

Continue reading “Crypto travelers bring 3x greater lifetime value than fiat users”

David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing. “We have every expectation now that it’s going to pass,” Sacks told CNBC on May 21, following a key procedural vote that saw 15 Democrats join Republicans to …

Continue reading “Trump’s crypto czar David Sacks says stablecoin bill is ‘going to pass’”

Newly updated guidelines from Dubai’s crypto regulator include provisions on real-world asset (RWA) tokenization and clarify rules for issuers.  On May 19, Dubai’s Virtual Asset Regulatory Authority (VARA) released its updated Rulebook for virtual asset service providers (VASPs) operating in the region. The regulator gave market participants until June 19 to comply with the new …

Continue reading “Dubai regulator clarifies real-world asset tokenization rules: Lawyer”

Key points: Bitcoin all-time highs matter little to those seeing a BTC price correction as long overdue. Both the latest surge and the bull market itself are on borrowed time, traders say. Comparisons to previous price cycles remain in use despite the booming institutional investment scene. Bitcoin (BTC) traders are calling for a pullback after …

Continue reading “Bitcoin 'looks exhausted' as next bear market yields $69K target”