Author Archives: pdgweb

Key points: Bitcoin attacks liquidity clustered close to spot price into the weekly close. Market commentators eye significant BTC price levels below $95,000. The Fed’s upcoming interest rate decision is the key macro event to watch next week. Bitcoin (BTC) fell toward $95,000 into the May 4 weekly close as traders braced for more macro-induced …

Continue reading “Bitcoin eyes $95K retest as traders brace for Fed rate cut volatility”

Tokenization of real-world assets (RWAs) is evolving from an abstract concept to a practical financial tool as institutional players increasingly test and deploy blockchain-based infrastructure at scale. This past week alone saw a flurry of announcements from both traditional financial institutions and blockchain-native firms advancing their RWA initiatives. On April 30, BlackRock filed to create a …

Continue reading “‘Everything is lining up’ — Tokenization is having its breakout moment”

Binance has signed a memorandum of understanding (MOU) with Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in the country. The MoU was formalized during the inaugural meeting of the Council for the Development of Digital Assets, attended by Kyrgyz President Sadyr Japarov, the exchange said in a May 4 press release. …

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A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form. The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico. Per the …

Continue reading “Pro-crypto Democrats pull support for stablecoin bill in last minute”

Bitcoiners and United States government officials have criticized Arizona Governor Katie Hobbs’s decision to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves. “This will age poorly,” Casa co-founder and cypherpunk Jameson Lopp said in a May 3 X post. Bitcoin (BTC) entrepreneur Anthony Pompliano said, …

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OKX founder and CEO Star Xu has publicly defended the crypto exchange after Tron founder Justin Sun accused it of failing to act on a law enforcement request to freeze stolen funds following a recent hack of Tron’s official X account. “OKX also has consumers protection policy according to law, we can’t freeze a customer’s …

Continue reading “OKX fires back at Tron's Justin Sun over mysterious 'freeze notice'”

Warren Buffett, the CEO of publicly traded investment company Berkshire Hathaway, announced at the company’s annual shareholder meeting that he will step down by the end of 2025, and his chosen successor will take over as CEO, pending approval from Berkshire’s board of directors. According to CNBC, Buffett reiterated that Greg Abel, the company’s vice …

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Bitcoin (BTC) mining firms should hold their mined Bitcoin and use it as collateral for fiat-denominated loans to pay operating expenses instead of selling BTC and losing the upside of an asset that miners expect to surge in price, according to John Glover, chief investment officer at Bitcoin lending firm Ledn. In an interview with …

Continue reading “Bitcoin miners should pay costs in depreciating currency — Ledn exec”

Tokenized gold carries several benefits over other forms of paper gold, including gold exchange-traded funds (ETFs), according to Melissa Song and Dustin Becker, representatives of Gold DAO, a decentralized autonomous organization that facilitates investor access to tokenized gold. In an interview with Cointelegraph, the DAO representatives outlined three major benefits unique to tokenized gold, including …

Continue reading “Why tokenized gold beats other paper alternatives — Gold DAO”