24/7 Blockchain industry dynamics and breaking crypto news
A prominent industry figure suggests Bitcoin has bottomed and entered a 'spring' recovery phase, with strong support at current levels. He highlights robust demand absorbing new supply and points to potential regulatory tailwinds for the digital asset market.
Read MoreA regulatory crackdown on cross-border brokerage operations has put user funds at major platforms under pressure. Estimates suggest up to $175 billion in client assets may be affected, raising concerns about business stability and investor security.
Read MoreEconomists have raised U.S. inflation forecasts and delayed Fed rate cut expectations as energy price shocks spread. Core PCE is projected higher, with year-end inflation above 3%. While consumer spending weakens, recession odds fall to 25% and job growth forecasts see a slight uptick.
Read MoreThe SFP/USDT spot trading pair is scheduled to open at 20:00 (GMT+8) on May 22 on a leading digital asset exchange. SFP is the native token of SafePal, a well-known cryptocurrency wallet provider offering both hardware and software solutions, backed by major industry investment. Deposit and withdrawal services will be rolled out in phases.
Read MoreBOJ Governor Kazuo Ueda met with Prime Minister Sanae Takaichi for a routine discussion. The PM expressed hope that the central bank would consider government price measures in its policy decisions. Ueda clarified that specific monetary policy details were not on the agenda.
Read MoreFutu Holdings responded to recent regulatory developments, stating it is closely monitoring and studying the situation. Business operations remain normal with client assets and services unaffected. The firm will follow regulatory guidance to assist existing clients, ensuring asset safety and market stability. Detailed plans will be announced once rules are finalized.
Read MoreThe prediction market platform addressed concerns about its oracle adapter contract, confirming user funds and market settlements are safe. An internal operational wallet private key leak was identified as the cause, not a core protocol flaw. The team pledged ongoing updates.
Read MoreLongbridge Securities has formally responded to a regulatory investigation and potential penalties. The company emphasized its licensed entities are overseen by overseas regulators. It reaffirmed complete segregation of client and operational funds, with securities held by authoritative depositories and protected by an investor compensation scheme. Longbridge pledged full compliance with rectification requirements.
Read MoreState Street, a global asset management giant, increased its stake in a prominent Bitcoin-related company by nearly 900,000 shares, valued at approximately $148 million. This brings its total holdings to over 7 million shares, exceeding $1 billion in value and marking a 14.5% growth, highlighting sustained institutional interest in crypto-linked assets.
Read MoreThe EU has expanded its sanctions framework against Iran to target actions deemed to threaten maritime freedom in the Middle East. New measures include travel bans, asset freezes, and prohibitions on EU funding, significantly escalating pressure on Tehran.
Read MoreChina's Ministry of Finance and the People's Bank of China held a key joint meeting, affirming policy coordination achievements and discussing financial market stability, offshore RMB bond development, and enhanced fiscal-monetary synergy. Both pledged to implement proactive fiscal and accommodative monetary policies to support economic stability.
Read MoreThe Hong Kong SFC has issued enhanced guidelines following a review of 12 brokers, uncovering serious flaws in client onboarding. New measures mandate internal checks for fraudulent documents and stricter controls for mainland investors to combat money laundering risks.
Read MoreSouth Korea's KCSC is investigating a prediction market platform for potential violations of anti-gambling laws. The platform argues its model is market-based prediction, not gambling. The probe coincides with upcoming local elections, raising legal and regulatory questions.
Read MoreIran's Revolutionary Guards reported that 35 commercial vessels safely transited the Strait of Hormuz in the past 24 hours under coordinated security protocols, ensuring the continued flow of traffic through this vital global shipping lane.
Read MoreONDO token price has made a notable breakthrough, surpassing the $0.43 level to trade around $0.4395. It has recorded a 24-hour gain of 7.32%, accompanied by increased market volatility. Traders are advised to monitor the trend closely and manage risks accordingly.
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