Just another WordPress site
BlackRock, one of the world’s largest Bitcoin holders, is reportedly participating in a bond raise by crypto-friendly messenger Telegram. Telegram is expected to raise at least $1.5 billion in a bond issue on May 28, with support from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala, The Wall Street Journal reported. As part …
Continue reading “BlackRock to join Telegram’s $1.5B bond sale: WSJ”
Ripple, the blockchain company behind XRP, argued that fungible cryptocurrencies are not securities when transferred in secondary transactions in a recent letter sent to the US Securities and Exchange Commission (SEC). In its May 27 letter, Ripple cited US attorney and crypto law thought leader Lewis Cohen to support its claim. In his widely cited …
Continue reading “Fungible cryptos in secondary sales are not securities, Ripple tells SEC”
Key points: Bitcoin whales are adding to their BTC positions while price ranges below all-time highs. If a new market correction comes, one potential bounce level lies in the mid-$90,000 zone. Hyperliquid trader James Wynn hints at large-volume traders shaping low-timeframe price performance. Bitcoin (BTC) may see support only at $94,000 if a fresh BTC …
Continue reading “Bitcoin whales keep buying as BTC price dip targets include $94K”
Sui-based decentralized exchange Cetus may be one step closer to recovering funds lost in a recent exploit, pending the outcome of a community governance vote scheduled to end June 3. Cetus was exploited for over $220 million worth of digital assets on May 22. Shortly after the incident, Cetus managed to freeze $162 million of …
Continue reading “Sui validators vote on $162M Cetus recovery plan to restore user funds”
Japanese investment firm Metaplanet is raising $50 million through a private placement of zero-interest bonds as part of its ongoing strategy to increase its Bitcoin exposure. In a May 28 announcement, the company that it was raising $50 million through bonds. The bonds are issued in $1.25 million denominations and carry no interest. Investors will …
Continue reading “Metaplanet issues $50M in new debt to buy more Bitcoin”
White House AI and crypto czar David Sacks says the US could buy more Bitcoin if the government can fund the purchase in a “budget-neutral” way without a tax or adding to the growing national debt. Sacks told Gemini co-founders Cameron and Tyler Winklevoss during a May 27 fireside chat at the Bitcoin 2025 conference …
Continue reading “Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’”
Australia’s markets regulator has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global. Guo will face the court on “allegations relating to multiple breaches of his directors’ duties,” the Australian Securities and Investments Commission said in a May 28 press release. ASIC alleged Guo made multiple breaches of directors’ duties relating …
Continue reading “Australian regulator takes former Blockchain Global director to court”
A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn’t even started yet, as many tokens are still near their local price bottoms. “I don’t understand why people start claiming that a bear market is around the corner,” MN Trading Capital founder Michaël van de Poppe said …
Continue reading “Altcoin ‘wildfire’ inbound as trader shuts down bear market fears”
The International Monetary Fund said it has reached an agreement with El Salvador to pay the country $120 million following an initial review of its $1.4 billion loan agreement struck last year. The IMF said on May 27 that as part of the deal, El Salvador will need to fulfill its prior obligations around limiting …
Outgoing US Commodity Futures Trading Commission commissioner Christy Goldsmith Romero says the exodus of the agency’s top brass is “not a great situation” for crypto regulations. The CFTC could be headed by just one commissioner once the other four depart later this year, which Goldsmith Romero said in a May 27 interview at the Brookings …
Continue reading “CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’”
