Metaplanet issues another $21M in bonds to fuel Bitcoin purchases
Metaplanet issued its 14th Series of Ordinary Bonds, raising $21.25 million to fund additional Bitcoin (BTC) purchases as the company deepens its strategic pivot toward digital assets. The bonds were…
Gemini secures license to expand EU crypto derivatives offerings
US-based Gemini has received a Markets in Financial Instruments Directive (MiFID) II license from the Malta Financial Services Authority (MFSA), according to a May 9 statement shared with CryptoSlate. This…
Rumble non-custodial Bitcoin wallet to launch in Q3 in challenge to Coinbase
Rumble, the video-sharing platform known for backing alternative media voices, is developing a crypto wallet that could launch by the third quarter of this year. On May 9, Rumble CEO…
SEC commissioner criticizes Ripple settlement, warns of weakened crypto oversight
US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has strongly opposed the agency’s recent settlement with Ripple Labs, arguing that it weakens regulatory oversight and fails to protect investors.…
Bitcoin’s surge above $100k still aligns with global M2 money supply increase from 90 days ago
Bitcoin crossed the $100,000 mark this week, climbing to a peak of $104,000 on May 8, as a chart tracking the global M2 money supply, lagged by 90 days, resurfaced…
Bitcoin and Ethereum rallies spur market liquidations of more than $1 billion
Bitcoin and Ethereum recorded significant price gains in the past 24 hours, triggering a cascade of liquidations that cleared over $1 billion from the market. According to CryptoSlate’s data, Bitcoin…
German authorities shut down eXch amid $1.9 billion money laundering allegations, seizes $38 million in crypto
German law enforcement has shut down the crypto exchange eXch and seized digital assets valued at over $38 million, according to a May 9 statement. In a joint operation, the…
Ethereum gains 30% on Bitcoin in 2 days after 80% drop since 2022
Ethereum outperformed Bitcoin by nearly 30% over two sessions ending May 9, breaking out of a multi-year downtrend that saw the ETH/BTC pair drop more than 78% from its 2022…
XRP payments coming to 6,000 US pharmacies in new $50M healthcare deal
Pharmaceutical supply chain and technology firm Wellgistics Health has announced it will integrate XRP as a treasury asset and payments infrastructure across its pharmacy network. The $50 million capital facility,…
Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum
Solana does not yet have “convincing signs” that it could overtake Ethereum as the blockchain of choice for institutions, as its revenue is seen as unstable due to its memecoin…