American fast food chain Steak ‘n Shake has announced that it will begin accepting Bitcoin as a payment method at all of its locations across the United States starting May 16. The company made the announcement on May 9 via X, signaling its official embrace of cryptocurrency with the message: “The movement is just beginning,”…
This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail. Ethereum (ETH) In an impressive reversal, Ethereum saw its price increase by 32% this week as it crossed above $2,000. At the time of this post, buyers are trying to confirm the $2,400 level as a key support. If successful, then ETH…
Ethereum outperformed Bitcoin by nearly 30% over two sessions ending May 9, breaking out of a multi-year downtrend that saw the ETH/BTC pair drop more than 78% from its 2022 peak. The move began May 7, when ETHBTC rebounded from 0.0178, its lowest level since early 2020, to reach 0.0217 by May 9. ETH/BTC 30…
Ripple CEO Brad Garlinghouse has called on US lawmakers to accelerate efforts to establish a clear regulatory framework for stablecoins. In a May 9 statement shared on social media platform X (formerly Twitter), he emphasized the growing global adoption of stablecoins and warned that the US risks losing its competitive edge without urgent action. Garlinghouse…
German authorities shut down crypto exchange eXch, seizing 34 million euros ($38 million) in tokens and more than 8 terabytes of data in one of the country’s largest law-enforcement actions targeting suspected crypto laundering. The Frankfurt Public Prosecutor’s Office and the Federal Criminal Police Office (BKA) dismantled the eXch’s server infrastructure on April 30, just…
[PRESS RELEASE – Willemstad, Curacao, May 9th, 2025] Cloudbet crypto bettors back “Bara Bada Bastu” to steam ahead, while Israel remains a top contender despite controversy With Eurovision 2025 semi-finals set for May 13 and 15 in Switzerland, leading crypto sportsbook Cloudbet reports Sweden’s KAJ has emerged as the market leader. The meme-driven entry “Bara…
Tokyo-based Bitcoin holdings firm Metaplanet is raising funds through a separate bond issuance to purchase more Bitcoins. The news arrives days after the investment giant bought 555 BTC, bringing its total holdings to 5,555 Bitcoin. Metaplanet announced on Friday that it would issue 21.25 million USD in 0% Ordinary Bonds to purchase more BTC. The…
Bitcoin’s (BTC) rally is gaining momentum, with institutions stepping up their exposure to the leading cryptocurrency through Deribit’s BTC options market. “Panning out over just the last week shows a much bigger sign of institutional positioning on BTC,” Deribit said on X Friday, noting the bullish flows in the BTC options. The exchange has seen…
Pharmaceutical supply chain and technology firm Wellgistics Health has announced it will integrate XRP as a treasury asset and payments infrastructure across its pharmacy network. The $50 million capital facility, structured as an equity line, was arranged through LDA Capital, a private alternative investment group with prior involvement in crypto-backed funding strategies. The agreement allows Wellgistics to draw…
Major crypto exchange Coinbase has announced the strategic acquisition of crypto options exchange Deribit to “significantly advance” Coinbase’s derivatives business and provide spot, futures, and options under its umbrella. It’s said to be the biggest acquisition in crypto history. According to the announcement, the agreement is worth some $30 billion of current open interest. That…