Bitwise Chief Investment Officer Matt Hougan has voiced serious concerns over Congress’s ability to pass meaningful crypto regulation, warning that the industry could face a rough summer if lawmakers drop the ball on pending legislation. In a note to clients on Monday, Hougan expressed optimism about crypto’s broader outlook—predicting all-time highs for many digital assets…
TL;DR ADA has slipped substantially from its December 2024 peak, recently failing to break key resistance. A renowned analyst warns the slump could intensify in the near future. Despite the bearish outlook, whales bought over 410 million ADA in April, signaling renewed confidence. Combined with a low RSI near overbought levels, this could hint at…
Florida has officially stepped back from the growing movement among US states to establish a Strategic Bitcoin Reserve (SBR). According to the Florida Senate’s website, lawmakers have indefinitely postponed and withdrawn two critical pieces of legislation, House Bill 487 and Senate Bill 550, to enable public investment in Bitcoin. Despite bipartisan support, particularly for HB…
By Omkar Godbole (All times ET unless indicated otherwise) As bitcoin (BTC) and the wider crypto market await the Fed’s rate decision on Wednesday, an anomaly has emerged that could weigh heavily on market mood: renewed doubt over the passing of U.S. crypto regulation. Early Tuesday, CoinDesk reported that Senate Democrats are hesitant to push…
The Solana price has fallen by 1.5% in the past 24 hours, slipping to $144.30 as the cryptocurrency market drops by 3% today. This means that SOL is down by 3% in a week, but remains up by 21% in the past month, following several weeks of recovery for the market’s sixth-biggest token. And while…
An Ethereum whale has accumulated over 1.7 million $BONE tokens over the past five days ahead of a potential Shibarium airdrop, making waves in the Shiba Inu ecosystem. Javier Olmedo, a member of the Shiba Inu community, flagged the activity in a recent post on X, noting that a new wallet has been purchasing BONE…
Banking giant Citi and SIX Digital Exchange (SDX), the digital assets-focused arm of Switzerland’s main stock exchange, are teaming up to tokenize non-publicly traded shares in a move to streamline a $75 billion market that’s littered with PDFs and paper documents. Citi will act as a custodian and issuer agent for tokenized versions of late…
OpenAI has announced a significant pivot, walking back previous plans to evolve into a traditional for-profit entity, according to a May 5 statement. Instead, the organization will maintain its nonprofit roots and shift its for-profit unit into a Public Benefit Corporation (PBC), reinforcing its commitment to public interest in developing artificial general intelligence (AGI). According…
[PRESS RELEASE – Dubai, UAE, May 6th, 2025] MultiBank Group, the world’s largest financial derivatives institution, has signed a historic $3 billion tokenization agreement MAG Lifestyle Development, the leading real estate developer in the UAE, and Mavryk, a leading blockchain innovator, marking the largest real-world asset (RWA) tokenization initiative globally to date. The initiative highlights…
[PRESS RELEASE – Abu Dhabi, UAE, May 6th, 2025] Igniting a New Era for Crypto in MENA with Professional-Grade Trading and Bank-Grade Security The future of crypto in MENA is taking shape. BurjX, a UAE-based digital asset brokerage, announced today that it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of…