Tether boosts US Treasury holdings by $3B amid YoY profit drop
Tether increased its exposure to US Treasuries by more than $3 billion between quarters while posting a steep year-over-year decline in quarterly profits. According to its latest attestation report published…
Bitcoin’s dominance fuels crypto market climb to $3 trillion
The global crypto market has climbed past the $3 trillion mark, driven by renewed investor interest sparked by US policy developments under President Donald Trump. CoinMarketCap data shows that the…
Morgan Stanley and Charles Schwab eye crypto trading as US regulations ease
Two of Wall Street’s most established financial firms, Morgan Stanley and Charles Schwab, are reportedly preparing to offer access to crypto trading. Morgan Stanley reportedly plans to roll out spot…
Bitcoin mining revenues fall to critical level for older miners as fee income slides post-halving
Bitcoin miner revenues have compressed sharply since the April 2024 halving. Transaction fees currently contribute around 1.48% of block rewards, near the lowest share since 2023. The decline highlights a…
Why is Solana (SOL) price up today?
Key points: Solana gains 8% to $152, with 35% higher trading volume and a 5% rise in futures open interest, showing strong demand. Solana’s TVL up 25% in 30 days,…
US blockchain firms urge SEC to clarify crypto staking rules
A coalition of US blockchain firms has urged the Securities and Exchange Commission (SEC) to provide clear regulatory guidance on crypto staking. The coalition, led by the Crypto Council for…
Ethena Labs partners with TON to integrate USDe into Telegram ecosystem
Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain. According to a May 1 statement, this move brings both USDe and…
Singapore Gulf Bank tackles global finance hurdles with crypto-focused SGB Net launch
Singapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network designed to power digital asset transactions for businesses across the Middle East and North Africa (MENA). According to…
Metaplanet enters US Bitcoin market with new subsidiary, eyes $250 million boost
Japanese Bitcoin investment firm Metaplanet is entering the US market with the launch of Metaplanet Treasury Corp., a wholly-owned arm based in Florida. According to a May 1 statement, the…
Stablecoin supply on Binance’s BNB Chain explodes 30% due to USD1’s $2.1B launch
Binance BNB Chain’s stablecoin reserves expanded sharply this week, adding more than $2 billion in value following the debut of USD1, a politically branded dollar token issued by World Liberty…