24/7 Blockchain industry dynamics and breaking crypto news
Bitcoin has experienced a notable decline, falling below the crucial $73,000 support level to around $72,988. The 24-hour drop exceeds 3%, indicating heightened market volatility. Investors are advised to monitor the situation closely and exercise prudent risk management.
Read MoreA key Federal Reserve official highlights the uncertainty surrounding how AI-driven productivity gains will ultimately impact interest rates and monetary policy. The effects depend on the nature and persistence of these changes, with the Fed closely monitoring implications for inflation and the labor market.
Read MoreFrance's top market regulator warns crypto firms must obtain EU MiCA licenses by June 30 or face blacklisting and prosecution. Unauthorized companies are urged to prepare orderly exit strategies as the compliance deadline approaches.
Read MoreA proposal to issue a $250 commemorative bill featuring a former president's portrait, reportedly pushed by ex-administration officials, is generating intense debate in Washington, challenging long-standing currency traditions.
Read MoreThe U.S. Treasury Secretary issued a stark assessment of Iran's economy, highlighting a severe currency devaluation and new sanctions against Iranian entities, intensifying regional economic pressures.
Read MoreU.S. core PCE inflation rose 3.3% in April, exceeding forecasts and hitting a near-year high. Geopolitical tensions boosting energy costs are a key driver. This strengthens expectations for prolonged high Fed rates, potentially delaying initial cuts as markets price in an extended period of tight policy.
Read MoreFutu Holding's founder Li Hua addressed recent regulatory updates on cross-border securities, emphasizing proactive compliance. The rules apply industry-wide, primarily restricting mainland clients' deposits and purchases, with no significant impact expected on annual customer acquisition. The firm has halted new mainland accounts and will expand into more international markets.
Read MoreNasdaq-listed Bit Digital has strategically invested $20 million to acquire over 8,500 Ethereum (ETH), significantly expanding its crypto portfolio. The move aims to lower average holding costs and bolster net asset value per share, reflecting strong confidence in Ethereum's long-term potential.
Read MoreThe US core PCE price index rose 3.3% year-on-year in April, reaching its highest level in over two and a half years. This key inflation gauge, favored by the Fed, continues to run hot, challenging expectations for imminent interest rate cuts and reshaping the monetary policy debate.
Read MorePolymarket has launched a beta version of its perpetual contracts product, initially available to select users. Access will expand over the next four weeks, marking the platform's strategic move from prediction markets into the crypto derivatives trading space to diversify its offerings and user base. Specific trading pairs and features remain undisclosed.
Read MoreBYD has launched the Xuanji A3, China's first 4nm autonomous driving chip, on May 28. This self-developed chip supports L3 and L4 autonomous driving and boasts the industry's lowest power consumption per unit of computing power, marking a significant technological leap.
Read MoreVanEck's tokenized treasury fund VBILL has launched on Euler lending platform. Issued by Securitize, it enables investors to use tokenized U.S. treasuries as collateral for on-chain borrowing while maintaining compliance. Euler previously integrated Securitize's DS protocol to facilitate regulated interactions for tokenized securities in lending markets.
Read MoreIran's Islamic Revolutionary Guard Corps launched missile and drone strikes against a US military base in Kuwait on May 28. Tehran stated the attack was a direct response to aggression against its port facilities, warning that such operations will continue, marking a significant escalation in regional tensions.
Read MoreBinance Alpha announces the launch of Sealcoin (QAIT) trading on May 28th. A limited airdrop of 31,111 QAIT tokens is available to eligible users with a minimum of 241 Alpha points on a first-come, first-served basis. The points threshold will dynamically decrease if rewards remain, widening access.
Read MoreBlockchain data reveals BlackRock transferred 3,900 BTC and 31,702 ETH to Coinbase, valued at over $340 million. This significant institutional move is drawing market attention to potential shifts in crypto strategy.
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