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Chart of the Week: ‘Dire Picture’ for BTC Miners as Revenue Flatlines Near Record Low

Hashprice, a key metric used to gauge miner revenue, is currently hovering near a five-year…

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XRP Resembles a Compressed Spring Poised for a Significant Price Move as Key Volatility Indicator Mirrors 2024 Patterns

The price action for XRP and bitcoin (BTC) resembles a tightly compressed spring on the…

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Trump’s Official Memecoin Surges Despite Massive $320 Million Unlock in Thin Holiday Trading

TRUMP, the memecoin tied to U.S. President Donald Trump, gained more than 9% in the…

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Fidelity Lets Investors Directly Invest in Crypto Through New Retirement Plan

Fidelity Investments rolled out a retirement plan that invests directly in crypto on Thursday, giving investors another method for tapping this asset class. The brokerage firm offers bitcoin (BTC), ethereum (ETH) and Litecoin (LTC) to any U.S ...

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Ripple Integrates RLUSD Stablecoin Into Cross-Border Payments System

Ripple, an enterprise-focused blockchain service closely tied to the XRP Ledger (XRP), said on Wednesday it has integrated its stablecoin to the company's cross-border payments system to boost adoption for Ripple USD (RLUSD). Select Ripple Payments ...

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7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial

South Korea's 7-Eleven stores are now accepting the Bank of Korea’s central bank digital currency (CBDC) as part of a limited-time test that runs through June. The company is participating in the “Hangang Project” pilot of the CBDC. Customers with ...

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New FTX EU Owner Backpack Initiates Customer Claims Process

Crypto trading firm Backpack, which bought the European arm of bankrupt exchange FTX, has begun the process for customers to claim their funds. Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first ...

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Tron’s Justin Sun Bailed Out TUSD as Stablecoin’s $456M Reserves Were Stuck in Limbo, Filings Show

Justin Sun bailed out Techteryx's TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid, people close to the matter confirmed, and the stablecoin issuersaid in Hong Kong court documents. An excerpt of the writ ...

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Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks

Sumitomo Mitsui Financial Group (SMBC), one of Japan's largest banking groups, is the latest financial giant to delve into stablecoins as the market for the $230 billion asset class is soaring with regulations being laid down globally. The banking ...

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Bitfarms Secures Up to $300M from Macquarie to Launch Panther Creek HPC Project

Bitfarms (BITF) announced an initial agreement for a private debt facility of up to $300 million with Macquarie Equipment Capital, Inc., a division of Macquarie Group’s Commodities and Küresel Markets. The funding will support Bitfarms’ initial ...

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Grayscale Lists Two New Bitcoin ETFs Offering Income From BTC Volatility

Crypto asset manager Grayscale has listed two new exchange-traded funds (ETFs) that offer investors a differentiated source of income through bitcoin's (BTC) characteristic volatility. The two New York Stock Exchange-listed funds will start trading ...

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China on Watch After U.S. Government Embrace of Bitcoin: Grayscale

The Trump administration's formation of a U.S. Strategic Bitcoin Reserve might have China re-thinking its hardline stance against crypto and that could be key for accelerated küresel adoption of BTC, asset manager Grayscale said in a research report ...

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Creators of DeFi Firm Aave Simplify Its Family Self Custody Wallet

Avara, the parent company of decentralized finance (DeFi) platform Aave, has simplified its self-custody Family Wallet by replacing complicated seed phrases with emails and SMS, making wallet creation and recovery painless in a bid to onboard more ...

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