Coinbase says FTX repayments could become a $5B market injection
Coinbase analysts believe that the $5 billion repayment round initiated by the FTX Recovery Trust could function as a significant injection of liquidity into digital asset markets, potentially influencing trading…
Meta shareholders reject Bitcoin treasury bid in landslide vote
Meta Platforms shareholders rejected a measure that urged the company to add Bitcoin (BTC) to its $72 billion cash pile, voting 4.98 billion shares against and 3.92 million for at…
REX pushes ETH and SOL staking ETFs via rare C-Corp as SEC softens stance
REX Shares filed an immediately effective prospectus to list two exchange-traded funds (ETFs) that will hold and stake Ethereum (ETH) and Solana (SOL), according to a May 30 filing. Bloomberg…
Ethereum’s Pectra update meets expectations, edges closer to Fusaka
Ethereum Pectra hard fork’s blob capacity enhancement is operating within the thresholds analysts forecast, ethPandaOps said in a May 30 report. The update, which was initiated via the Ethereum Improvement…
US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree
The US Treasury Department imposed sanctions on Funnull Technology Inc., a Philippines-based tech firm accused of facilitating hundreds of thousands of online crypto investment scams known as “pig butchering,” which…
Brazilian Méliuz announces $26M share sale to grow Bitcoin treasury, shares drop 7%
Brazilian company Méliuz shares traded 7% lower at R$8.20 on May 30 amid the company’s announcement of a primary share sale that could raise roughly $26 million to expand its…
Czech Justice Minister resigns after selling $45M Bitcoin gift from convict
Czech Justice Minister Pavel Blažek resigned on May 30 after his ministry sold roughly $45 million in Bitcoin (BTC) that a man convicted of drug trafficking had donated. According to…
Bitcoin’s drop below $104K caps the start of altcoin season
Key points: Bitcoin’s bullish momentum has weakened, raising the chance of a correction to $100,000. Altcoins are likely to follow Bitcoin price and consolidate near their most immediate support levels.…
Coinbase adds 24/7 trading for XRP and Solana futures amid derivatives expansion
Coinbase Institutional is expanding its derivatives offering with the launch of 24/7 trading for XRP and Solana futures, starting June 13. According to a May 29 statement, the move aims…
Trump Media aims for top Bitcoin holder status after closing $2.44 billion investment
Trump Media & Technology Group confirmed the close of a $2.44 billion private placement on May 29 to fund a sweeping Bitcoin (BTC) treasury strategy. The deal, involving approximately 50…