Crypto

The Moonbirds Ethereum NFT property is taking flight, departing Yuga Labs soon after CryptoPunks and Meebits also found new homes.

Mayor Eric Adams’s push for a Bitcoin-backed municipal bond faces strong opposition from Comptroller Brad Lander, who found the plan "legally dubious and fiscally irresponsible." New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine investor confidence. In a May 29 statement, Lander said he would not allow the New York City to issue the crypto-tied debt instrument while he is in office. Lander’s office shares responsibility for debt issuance with the Mayor’s Office of Management and Budget. “Cryptocurrencies are not sufficiently stable to finance our City’s infrastructure, affordable housing, or schools,” the comptroller said, adding that the proposal exposes the city ”to new risks and erode bond buyers’ trust.”  Read more

Meme coin speculators are watching PEPE closely, following what many interpret as a soft shill from U.S. President Donald Trump. The post Pepe Price Prediction: Trump Posts Pepe Meme on Socials – Is He About to Buy? appeared first on Cryptonews.

Cardano has gone down by nearly 6% in the past 24 hours as the market has finally decided to take some profits off the table after multiple weeks of strong rallies.Trading volumes have gone up by nearly 43% and are currently nearing the $1 billion mark for Cardano, emphasizing that the selling spree might be […] The post Cardano Price Prediction: On-Chain Data Shows Whales Accumulated While Retail Sold – Is a Parabolic Move Coming? appeared first on Cryptonews.

Meta Platforms shareholders rejected a measure that urged the company to add Bitcoin (BTC) to its $72 billion cash pile, voting 4.98 billion shares against and 3.92 million for at the May 30 annual meeting, as reports surfaced. Abstentions totaled 8.86 million shares, while brokers withheld votes on 204.77 million shares. With fewer than 0.1% […] The post Meta shareholders reject Bitcoin treasury bid in landslide vote appeared first on CryptoSlate.

The payouts to FTX creditors have sparked both controversy and speculation that the payouts could be reinvested back in the crypto markets. The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requirements. According to a May 28 announcement, the creditors’ distribution will include Dotcom Customer Entitlement Claims, which are receiving a 72% distribution; US Customer Entitlement Claims, which are receiving a 54% distribution; and Convenience Claims, which will receive a 120% distribution. Additionally, General Unsecured Claims and Digital Asset Loan Claims will each receive a 61% distribution as per the reimbursement plan. Recipients should receive their claims in one to two business days from the official distribution partners, Kraken and Bitgo. Read more

From Tokyo to Oslo, Metaplanet and K33 are fueling their Bitcoin treasuries through strategic fundraising initiatives.

Trump Media has raised $2.44B from nearly 50 institutions, channeling proceeds into Bitcoin custody at Crypto.com and Anchorage Digital. The plan could place the firm among the top five global corporate BTC holders while reflecting institutional demand for digital reserves amid shifting regulations The post Trump Media Raises $2.44B to Launch Corporate Bitcoin Treasury – Is This the Future of Corporate Crypto? appeared first on Cryptonews.

Cashback company Méliuz saw its stock tumble 8% as it announced plans to raise capital for Bitcoin buys, mirroring Strategy's approach.

SEC staking guidance has outlined that protocol staking, ancillary services and third-party staking-as-a-service providers do not involve securities offerings, so participants need not register under the Securities Act. Commissioner Peirce has welcomed the clarity, while Crenshaw has voiced concern. The post SEC Staking Shake-Up: Agency Says Proof-of-Stake Isn’t a Securities Deal – What It Means Now appeared first on Cryptonews.

Institutional demand for Bitcoin and increasing regulatory clarity are positive factors for Bitcoin in 2025, head of research Katalin Tischhauser says. Bitcoin is entering a period of supply shock that could have more dramatic price implications than in previous cycles, Katalin Tischhauser, head of research at digital asset banking group Sygnum, told Cointelegraph. “Large demand will have a strong multiplier effect, meaning every $1 of demand leading to, say, $20-30 additional market capitalization,” she said. “We have already seen this multiplier effect after the launch of the Bitcoin spot ETFs or around the US elections.” Tischhauser cited the limited liquid supply of Bitcoin (BTC) relative to the large pools of institutional capital on the demand side as a reason for a possible spike in BTC price over the coming months. Read more

REX Shares filed an immediately effective prospectus to list two exchange-traded funds (ETFs) that will hold and stake Ethereum (ETH) and Solana (SOL), according to a May 30 filing. Bloomberg ETF analyst James Seyffart highlighted in a social media post that the ETFs introduce a C-corporation structure rarely used in the ETF industry to sidestep […] The post REX pushes ETH and SOL staking ETFs via rare C-Corp as SEC softens stance appeared first on CryptoSlate.

Bitcoin’s chance of falling to $100,000 has increased, but the $3.7 billion open interest wipeout means traders will view dips as buying opportunities. Key takeaways: Bitcoin price metrics show restrained profit-taking and strong support near $96,000–$104,000. A $3.7 billion open interest drawdown reset an overheated market and preps BTC for a possible rebound. Read more

Jamie Raskin, the ranking Democrat on the House panel overseeing the legal system, asked the president to produce the guest list of his private event.

Bitcoin price prediction: BTC slides below $105K amid global policy shifts and technical indicators signaling further downside. Watch for key levels. The post Bitcoin Price Prediction: BTC Slips Below $105K as Global Policies Shif appeared first on Cryptonews.

GameStop saw its stock flop after spending $500 million on BTC, and BlackRock's iShares Bitcoin Trust is on track to complete a record month.

Ethereum Pectra hard fork’s blob capacity enhancement is operating within the thresholds analysts forecast, ethPandaOps said in a May 30 report.  The update, which was initiated via the Ethereum Improvement Proposal 7691 (EIP-7691) on May 7, doubled the default blob count from three to six and lifted the ceiling from six to nine. Blobs are […] The post Ethereum’s Pectra update meets expectations, edges closer to Fusaka appeared first on CryptoSlate.

The United States Securities and Exchange Commission has provided clarity on how federal securities laws apply to crypto protocol staking. 

The US Treasury Department imposed sanctions on Funnull Technology Inc., a Philippines-based tech firm accused of facilitating hundreds of thousands of online crypto investment scams known as “pig butchering,” which defrauded American victims of over $200 million. The Office of Foreign Assets Control (OFAC) also designated Liu Lizhi, a Chinese national and administrator of Funnull, […] The post US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree appeared first on CryptoSlate.

Bitcoin sells off amid mounting macroeconomic uncertainty, but data shows pro traders clinging to their bullish price expectations. Key takeaways: BTC futures and options show stable investment sentiment despite the recent price correction. Macroeconomic uncertainty and the escalating US trade war reduce the odds of Bitcoin retesting its recent all-time high. Read more