Strategy added 13,390 Bitcoin for $1.34B as price topped $100K

Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week. Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12. The acquisition has increased Strategy’s total Bitcoin … Read more

Nakamoto Holdings merges with KindlyMD to build Bitcoin treasury

Healthcare services provider KindlyMD merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership … Read more

DeGods NFT founder steps down as collection gains traction

The creator of the non-fungible token (NFT) collection DeGods announced that he has stepped down as the CEO of the project amid an uptick in sales for the collection.  Rohun Vora, known online as “Frank DeGods” on X, said he has stepped down as the project’s CEO, concluding a three-year stint as the head of … Read more

Strategy Buys More Bitcoin, Pushing Holdings to 568,840 BTC

Strategy has added another 13,390 bitcoin to its treasury, spending approximately $1.34 billion at an average price of $99,856 per coin, according to Executive Chairman Michael Saylor. Strategy Now Holds 568,840 Bitcoin The bitcoin treasury and software firm now holds a total of 568,840 bitcoin, acquired for roughly $39.41 billion at an average price of … Read more

FTX EU creditors can now withdraw money from Backpack exchange

Crypto exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin reclaiming their funds through its service. According to a May 12 X post, Backpack now allows FTX EU users who selected it as the redistribution platform to claim their euro balance. Users must first complete Know Your Customer (KYC) verification … Read more

Crypto speculation dominates $600B cross-border payments: BIS report

Hundreds of billions of dollars in cross-border cryptocurrency payments flow globally, primarily driven by speculative investment, according to a recent report by the Bank for International Settlements (BIS). The BIS study, published May 8, found cross-border payments using the two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH), and the two largest stablecoins, USDT (USDT) and … Read more

Blackrock Powers Bitcoin ETFs to $321 Million Inflow as AUM Climbs Past $121 Billion

Bitcoin exchange-traded funds (ETFs) kept the inflow trend alive with $321 million in net entries, driven primarily by Blackrock and Fidelity. Meanwhile, ether ETFs ended their three-day outflow streak with a modest $18 million inflow led solely by Blackrock. Bitcoin ETFs Continue to Bring in Strong Inflows With Ether ETFs Ending Losing Streak Momentum in … Read more

What is RISC-V, and why does Vitalik Buterin want it for Ethereum smart contracts?

What is RISC-V? RISC-V, pronounced “risk five,” is a modern open-source instruction set architecture (ISA) based on reduced instruction set computer (RISC) principles. In simple terms, it’s like a blueprint that defines a set of instructions that a processor can execute. RISC-V is designed to be highly modular, efficient and flexible. Originally developed by the … Read more

US crypto ETFs smash new record amid 4-week inflow streak

Cryptocurrency investment products continued receiving healthy inflows last week, attracting $882 million as global crypto funds approached all-time high asset levels. Global crypto exchange-traded products (ETPs) recorded $6.3 billion of inflows in the past four weeks, accounting for 93% of total inflows year-to-date (YTD), according to data from European crypto investment firm CoinShares. Total YTD … Read more

Coinbase Pioneers 24/7 Crypto Trading for Bitcoin and Ethereum US Futures

Coinbase has launched 24/7 trading for bitcoin and ethereum futures, becoming the first CFTC-regulated exchange in the U.S. to offer continuous access to leveraged crypto futures. This initiative enables traders to manage risk and seize opportunities in real-time, reflecting the always-on nature of the crypto markets. U.S. Traders Gain Uninterrupted Access to Crypto Futures with … Read more