Crypto News
The US Department of Labor (DOL) formally rescinded a 2022 compliance release that discouraged fiduciaries from offering crypto investment options in 401(k) retirement plans, according to a May 28 announcement. The decision withdraws “Compliance Assistance Release No. 2022-01,” which directed fiduciaries to exercise “extreme care” before including digital assets in retirement plan investment menus. Neutrality restored …
Key Takeaways: Telegram is raising $1.5 billion through a bond sale, with backing from BlackRock, Citadel, and Mubadala. CEO Pavel Durov is under investigation in France and remains unable to travel. The proceeds will go toward repurchasing 2021 bonds, with the new debt offering a 9% yield and potential equity conversion. Telegram is proceeding with…
The International Monetary Fund (IMF) has again called on El Salvador to keep its Bitcoin holdings unchanged. In a statement released on May 27, the IMF said government-owned wallets must not increase their BTC reserves and also urged the country to fully exit its role in the Chivo wallet by the end of July. According…
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Ripple has donated the controversial “Skull of Satoshi” sculpture to the Bitcoin community in a symbolic move to foster cross-chain unity. The donation was made during the Bitcoin Conference on May 28, marking an unexpected collaboration moment between two long-standing crypto industry rivals. Ripple CEO Brad Garlinghouse described the move as a symbolic gesture to…
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Pepe (PEPE) has emerged as the standout performer among the top meme coins, posting impressive monthly gains of 54.7% as trader interest hits a fever pitch. Between May 21 and 23, PEPE’s trading volume skyrocketed past $2 billion, peaking at $2.8 billion in a single 24-hour window. That figure represents over half of the token’s…
Telegram is no longer just a privacy-first chat app for crypto bros. With a dramatic one-two punch, a $300 million alliance with Elon Musk’s xAI and a $1.5 billion high-yield bond raise, Telegram has moved from insurgent platform to profit engine. TON jumped 15% after Durov confirmed the collaboration. Yet its future, including IPO prospects,…
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The XRP price has fallen by 1% in the past 24 hours, with its drop to $2.30 coming as the crypto market falls by 2.5% today. XRP is now down by 2% in a week and by 12% in the past fortnight, although the fourth-biggest coin in the market keeps an impressive 330% increase in…
