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Circle has announced the launch of its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2 on World Chain. This development allows the nearly two million users who previously held bridged USDC in their World App wallets to upgrade to native USDC issued directly by Circle, ensuring that their holdings are now fully backed by liquid … Read more
French police have arrested several individuals suspected of being involved in the kidnapping of the father of a wealthy cryptocurrency entrepreneur last month. This incident is part of a troubling trend of kidnappings and extortion attempts targeting families of high-net-worth individuals in the cryptocurrency sector. The kidnapping occurred on May 1 in Paris, where the … Read more
The UK Financial Conduct Authority (FCA) has appointed Sarah Pritchard as its new Deputy Chief Executive, a role created to reflect the organization’s expanding responsibilities, including the integration of the Payment Systems Regulator and the regulation of stablecoin and crypto firms. Since joining the FCA in June 2021, Pritchard has led the supervision, policy, and … Read more
Cryptocurrency exchange Bullish has filed for an initial public offering (IPO) in the United States, seeking to capitalize on increasing investor interest in digital assets during the Trump administration, according to the Financial Times. The company has submitted confidential paperwork to the Securities and Exchange Commission, allowing it to advance its listing plans while delaying … Read more
The Smarter Web Company, a London-listed technology firm, announced the acquisition of an additional 45.32 bitcoin as part of its ongoing treasury policy outlined in “The 10 Year Plan.” The purchase, totaling £3,509,370 ($4,736,000) at an average price of £77,437 ($104,999.50) per bitcoin, brings the company’s total bitcoin holdings to 168.08 bitcoin, with an overall … Read more
Soneium, Sony’s entertainment-focused Layer 2 platform, has announced the launch of “Soneium For All,” a new developer program aimed at supporting blockchain developers in the Consumer and Gaming sectors. Building on its existing momentum of over 100 live decentralized applications (dApps), 7 million wallets, and up to 1.5 million transactions per day, the program addresses … Read more
Crypto funds reached historic highs in May, with total assets under management climbing to $167 billion—driven by $7.05 billion in net inflows, the largest since December. As investors react to softening trade tensions and seek protection from U.S. market instability, bitcoin has emerged as both a hedge and performance leader, gaining over 15% in three … Read more
Bernstein reaffirmed its $200,000 Bitcoin price forecast, labeling it “high-conviction but conservative,” based on accelerating institutional investment and structural market evolution. The firm cites the success of spot bitcoin ETFs, which now manage approximately $120 billion in assets, as validation of BTC’s role as a mainstream macro asset. This institutionalization is viewed as a foundational … Read more
KULR Technology Group Inc. acquired 118.6 bitcoin for approximately $13 million, increasing its corporate treasury holdings. The purchase price averaged roughly $107,861 per bitcoin, the company stated Monday. This brings KULR’s total bitcoin holdings to 920 BTC. Those 920 BTC represent a total investment of about $91 million, acquired at an average price of $98,760 … Read more
Avalon Labs has permanently burned 80 million AVL tokens, accounting for 44% of the circulating supply. According to an X post, the tokens, worth approximately $16 million, were unclaimed from the platform’s March 2024 airdrop campaign, which saw $20 million worth of AVL claimed by over 100,000 users. This major burn marks the start of … Read more