Futu Securities, a prominent brokerage based in Hong Kong, has rolled out crypto “deposit services” for users on its Futu NiuNiu platform. According to a May 7 statement, the launch lets investors deposit and trade leading digital assets such as Bitcoin, Ethereum, and Tether. Futu NiuNiu, already known as Hong Kong’s top stock trading app,…
Coinbase (COIN) is heading into its first-quarter earnings report on shaky ground, with four Wall Street analysts expecting a miss as the retail trading lull is likely to pressure the crypto exchange’s most profitable business lines. The company is scheduled to report first-quarter results on Thursday post-market. The analysts are projecting earnings per share (EPS)…
The TRON network continues to reinforce its reputation for stability and security, according to the latest data from CryptoQuant on May 6. This data shows that actual block production consistently averages 99.7% of the expected 28,800 blocks per day. This near-perfect production rate shows the robustness of TRON’s infrastructure and demonstrates the platform’s ability to…
Former White House Communications Director Anthony Scaramucci has raised concerns that President Donald Trump’s growing involvement in cryptocurrency could create ‘pathways for some level of corruption.’ His comments come as new data shows that 58 crypto wallets have made millions on Trump’s meme coin while 764,000 have lost money. Corruption and Executive Order Critique Speaking…
Jack Mallers’ bitcoin (BTC) payments app Strike is set to move into the BTC lending business. Strike plans to offer users a means of borrowing fiat while continuing to HODL bitcoin, Mallers wrote in a post on X on Wednesday. “You shouldn’t have to sell the best-performing asset in human history to access cash. Now…
One of the Uniswap DAO’s top contributors walked away in frustration on Monday amid concerns that other stakeholders wield too much power over the decentralised protocol. Pepo, a pseudonymous delegate whom other token holders entrusted to vote on their behalf, had participated in Uniswap’s governance since 2023. He wielded 455,000 UNI tokens, making him one…
In financial markets, making assumptions based on short-term observations is a fool’s errand, as significant trends develop over months and years, not days or weeks. But as investors evaluate bitcoin’s role in their portfolios, the events of April are worth analyzing in order to understand the asset’s emerging reputation as a store of value. Backdrop…
Institutional funds currently hold about 3.3 million ether (ETH), or roughly 3% of the circulating supply, through exchange-traded funds (ETFs). With 27% of ETH already staked, these ETF holdings alone could increase the amount of total staked ETH by more than 10%. And that’s without factoring in additional inflows from investors drawn to the promise…
Wallet infrastructure provider Magic Labs has announced the Genesis launch of Magic Newton, an AI agent platform that enables autonomous finance and simplifies crypto managing, on Coinbase’s layer-2 Base blockchain. Per the press release shared with Cryptonews, Newton is “the first verifiable crypto copilot.” It allows users to assign tasks to intelligent onchain agents and…
The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum’s ether (ETH) was a security, not a commodity, during the state’s prosecution of KuCoin in 2023, according to a document revealed by Coinbase Inc. in a trove of agency communications released on Wednesday. Shamiso Maswoswe, chief of the…