24/7 Blockchain industry dynamics and breaking crypto news
Kaiko acquires European MiCA-licensed DeFi infrastructure firm Cometh, integrating data, analytics, indices, and on-chain execution capabilities to build a comprehensive, compliant crypto service suite. This strategic move expands its regulated on-chain infrastructure footprint.
Read MoreFiscal data shows China's general public budget revenue grew steadily from January to April. Stamp duty revenue surged 27.8% year-on-year to 206.3 billion yuan, with securities transaction stamp duty jumping 74.8%, indicating increased capital market activity. Both central and local government revenues maintained growth.
Read MoreUK inflation slowed more than expected, prompting traders to scale back bets on Bank of England rate hikes. Gilts rallied and sterling wobbled as markets reassessed the tightening path. Despite the softer data, geopolitical risks and domestic political uncertainty are keeping investors cautious about the outlook.
Read MoreTwo major market-moving events are scheduled for tonight: the release of the Federal Reserve's meeting minutes, followed by NVIDIA's Q1 FY2027 earnings report and conference call. This back-to-back release is expected to trigger significant volatility across global equities, currencies, and the tech sector.
Read MoreAmsterdam-based fintech firm Qivalis has secured backing from a coalition of over 37 major European banks, including BNP Paribas and ING, for its upcoming euro-pegged stablecoin project. This initiative is now the most bank-supported stablecoin plan in Europe. Qivalis has applied for a license from the Dutch central bank, with operational launch targeted for later this year.
Read MoreA new industry report reveals illegal cryptocurrency transactions make up less than 1% of total volume. Despite substantial illicit funds remaining on-chain, advanced monitoring technologies like KYC and transaction tracking keep most activities traceable, with further declines expected as compliance measures strengthen.
Read MoreBithumb exchange has extended the "Trading Caution" status for Kernel DAO (KERNEL) to the third week of June. The platform is conducting an in-depth review of the project team's submitted explanations and future plans before deciding on lifting the restrictions.
Read MoreCathie Wood's Ark Invest strategically purchased approximately $4.4 million worth of Bullish stock this week across three key ETFs. This move, following a recent dip, underscores a confident long-term bet on the fintech and blockchain innovation sector.
Read MoreThe stablecoin market has reached a monumental milestone, with total supply soaring past $323 billion to set a new all-time high. This surge signals robust demand for safe-haven crypto assets, injecting crucial liquidity and stability into the broader digital economy.
Read MoreBank of Ireland has joined the European stablecoin alliance Qivalis, signaling a major step by traditional finance into digital assets. This move aims to foster trustworthy, compliant euro-based stablecoins, accelerating the region's financial innovation.
Read MoreIran's Islamic Revolutionary Guard Corps warned on May 20th that any future attacks on its soil would escalate the regional conflict beyond the Middle East, potentially triggering a wider international crisis. This stark declaration heightens global concerns over an expanding military confrontation.
Read MoreA new poll reveals President Trump's approval rating has fallen to 35%, nearing a record low for his term. The decline is largely linked to economic pressures from rising oil prices amid Middle East tensions. The poll highlights a sharp partisan divide over his foreign policy approach.
Read MoreIn Q1 2024, digital asset custodian BitGo Holdings significantly increased its Bitcoin holdings by 776 BTC, bringing its total to 2,449 BTC. This move places the company at 31st position among global corporate Bitcoin holders, reflecting strong institutional confidence.
Read MoreOn-chain data reveals a major whale opened a 375K HYPE short position on May 15th, now facing nearly $2M in unrealized loss. The $18.19M position ranks as the 6th largest short, with an entry price of $43.298, drawing significant market attention.
Read MoreCathie Wood's Ark Invest actively purchased Bullish stock this week through three ETFs, totaling ~$4.4 million. This buying spree followed a period of decline, signaling Ark's confidence in the stock's long-term potential.
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