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Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC), has joined Sygnum in an advisory role, where he will help the crypto bank navigate global regulations amid growing institutional interest in digital assets. Giancarlo’s appointment as senior policy adviser places him alongside 11 other members of Sygnum’s Advisory Council, the company disclosed … Read more
Four artificial intelligence-enhanced robots have been put through their paces in a Chinese robot fighting competition, duking it out in kickboxing matches until one was declared the champion. The World Robot Competition Mecha Fighting Series had four human-controlled robots built by China-based firm Unitree compete in three, two-minute rounds with winners crowned through a points … Read more
Bitcoin markets recently experienced two major liquidation events, causing a cascade of forced selling from over-leveraged traders, but analysts say a distinct pattern has emerged. “Overleveraged short-term traders were flushed out, long-term holders have been quietly capitalizing on the reset,” CryptoQuant analyst Amr Taha said on May 26. They noted the first flush occurred when … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how Colombia faces a difficult task in introducing a CBDC to modernize the financial system in a country where cash is still king. Latam Insights Encore: Colombian CBDC Won’t Fly Unless … Read more
The Instagram account of former US rap trio Migos was hacked in an apparent attempt to blackmail Solana co-founder Raj Gokal. On May 27, Migos’ Instagram account posted at least seven images seen by Cointelegraph, which have since been deleted. Two of the images appeared to depict Gokal holding up his passport and driver’s license, … Read more
Months of strategic accumulation and holding by a prominent crypto whale identified as 0x82d8 have culminated in a significant profit realization on their $HYPE position, much to the delight and HD cameras of the trading community. We haven’t seen a partial sell-off like this since last decade, and despite it, 0x82d8 still holds a sturdy … Read more
According to on-chain data, Hashed took attention once more with a hefty on-chain transfer. The on-chain data shows the firm has deposited 5.79 million of SAND tokens into Binance, which has led to re-ignited discussions over the short-term direction of the token and the firm’s trading aims. Massive Movement: $12.13M in SAND Transferred Over Two … Read more
Even with stiff opposition from fresh decentralized exchanges (DEXs), Uniswap’s Unichain has achieved a remarkable feat this month—vaulting past $10 billion in trading volume. This is a plain, not-at-all-invisible token of a protocol that’s provoking activity and seeming resilience. Yet the token that serves as the native currency for this protocol, $UNI, is trading at … Read more
Amid swirling speculation, Trump Media & Technology Group (TMTG), overseen by Donald Trump’s family, is reportedly exploring a $3 billion fundraising effort aimed at cryptocurrency investments, according to unnamed sources cited by the Financial Times. The plan allegedly includes $2 billion in equity and $1 billion via convertible bonds, though TMTG dismissed the claims, stating: … Read more
Michael Saylor, the executive chair of major Bitcoin-buying firm Strategy, formerly MicroStrategy, says institutions posting onchain proof-of-reserves is a “bad idea” that could pose security risks. “The current, conventional way to publish proof of reserves is an insecure proof of reserves,” Saylor said when asked about institutions adopting the transparency measure at a May 26 … Read more
