Crypto News
Sovereign wealth funds and state institutions are increasingly opting to gain Bitcoin (BTC) exposure through Strategy (MSTR) rather than spot BTC exchange-traded funds (ETFs), according to Standard Chartered’s head of digital assets research, Geoffrey Kendrick. In an investor report published May 20, Kendrick said that regulatory filings show that increased MSTR holdings drove the bulk…
BlackRock’s iShares Bitcoin Trust (IBIT) has become the second-largest holder of Bitcoin as of May 20, surpassed only by the infamous wallet of Satoshi Nakamoto, the pseudonymous creator of the flagship crypto. According to data compiled by crypto analyst Shaun Edmondson, IBIT currently holds 636,108 BTC, representing over 3% of Bitcoin’s total capped supply of…
Argentinian president Javier Milei has ordered the closure of the Task Force for Investigation (UTI) established earlier this year to examine his relationship with the LIBRA token, according to a May 20 publication in Argentina’s Official Gazette. Milei and Justice Minister Mariano Cúneo Libarona signed Decree 332/2025 to dissolve the task force. The decree stated…
South Korea’s opposition leader, Lee Jae-myung, proposed launching a won-backed stablecoin on May 20 to stem the 56.8 trillion won ($40.8 billion) crypto outflow and reduce dependence on foreign stablecoins like USDT and USDC. The Democratic Party presidential candidate’s broader digital asset strategy also includes legalizing spot crypto ETFs and allowing institutional crypto investments under…
Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution….
In a strongly worded post on social media platform X, TechCrunch founder and prominent investor Michael Arrington sounded the alarm over the human cost of the recent Coinbase data breach. According to Arrington, the hack, which reportedly exposed customer home addresses and account balances, poses more than just a financial threat. I am a long…
Senator Elizabeth Warren (D-MA) criticized U.S. President Donald Trump’s crypto ventures on the Senate floor on Monday, warning the American public that the country could face a “financial meltdown triggered by crypto instability.” Elizabeth Warren Warns of Financial Meltdown Speaking ahead of the Senate’s successful procedural vote on the GENIUS Act on Monday, Warren criticized…
Rumors of a potential acquisition of Circle Internet Financial — the firm behind the USDC stablecoin — have injected fresh momentum into XRP, sparking a 5% price jump and strengthening the bullish XRP price prediction. Still, the news may not be fully priced in. XRP has since retraced to $2.35, alongside a 25% drop in…
Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative…
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