24/7 Blockchain industry dynamics and breaking crypto news
An investment entity made waves by acquiring 24,869 Bitcoin last week for approximately $2.01 billion. This major purchase significantly increased its holdings, highlighting strong institutional confidence in the long-term value of digital assets.
Read MoreWebsea has officially resumed withdrawal services following a capital infusion. The platform will implement a phased, tiered approach for processing user funds, with initial limits based on a historical asset snapshot. A proof-of-reserves process is also underway.
Read MoreTether has made a strategic investment in cross-border financial platform LemFi. This move aims to accelerate the adoption of stablecoin-powered remittance services in emerging markets. The collaboration will integrate Tether's stablecoin technology into LemFi's infrastructure to facilitate faster and more cost-effective global money transfers.
Read MoreDigital asset investment products saw a significant weekly outflow of $1.07 billion, marking the first negative week in seven. Bitcoin led with nearly $1 billion out, while Ethereum recorded its largest daily exit in months. In contrast, select altcoins like XRP and Solana attracted inflows, signaling a shift in investor focus.
Read MoreAn Anchorage Digital-linked address withdrew 397K HYPE tokens worth $18M from major exchanges. Over the past month, this wallet has accumulated 2.13M HYPE, totaling a $92M investment, signaling strong institutional interest in the asset.
Read MoreIn a surprising development, the attacker behind the Adshares cross-chain bridge exploit has returned 256 ETH, worth approximately $540,000, representing about 86% of the stolen funds. The move has sparked discussions on security and ethics in the crypto space.
Read MoreVerus issues a critical security alert warning users of impersonation scams. Fraudsters are posing as team members offering fake 'refund' or 'compensation' schemes. The project confirms no such programs exist and urges users to avoid interaction and report suspicious accounts immediately.
Read MoreOn-chain data reveals asset management giant BlackRock transferred a substantial amount of Bitcoin and Ethereum to Coinbase, totaling over $220 million. This move highlights continued institutional activity in the crypto market.
Read MoreThe Bank of England and FCA have launched a joint public consultation on regulating tokenized wholesale financial markets. The initiative focuses on securities tokenization, post-trade infrastructure, and collateral management, seeking input from banks, investment firms, and fintech companies.
Read MoreBinance Futures is set to launch the CBR/USDT USDT-Margined Perpetual Contract on May 19th at 17:30 (UTC+8), offering traders up to 10x leverage. This expansion enhances the platform's derivatives offerings for market participants.
Read MoreCitigroup has significantly raised Intel's price target from $95 to $130, signaling renewed analyst confidence. This major adjustment reflects a reassessment of Intel's strategic positioning in key sectors like advanced manufacturing and AI, potentially influencing market sentiment towards the chipmaker's turnaround efforts.
Read MoreThe US and the Philippines are rapidly advancing plans to establish an AI and supply chain hub. The initiative, aimed at supporting emerging industries, includes long-term investment protections and site evaluations by US officials and companies, strengthening bilateral tech and economic ties.
Read MoreGlobal asset management giant BlackRock has significantly increased its stake in the Bitcoin strategy firm Strategy, purchasing an additional 3.14 million shares valued at approximately $535.6 million. This brings its total holdings to 17.75 million shares worth over $3 billion, marking a 21.5% increase in its position and underscoring its continued confidence in crypto-related strategies.
Read MoreDozens of Trump's key allies are urging for mandatory government safety testing and approval before the release of powerful AI models. This stance challenges the White House's current hands-off regulatory approach, framing AI safety as a critical issue on par with nuclear systems.
Read MoreMorgan Stanley strategists warn that the ongoing bond market sell-off and rising rates could derail the AI-fueled US stock rally and trigger a significant market correction.
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