Crypto

The move comes as the long/short ratio is at its lowest point since September 2022.

Singapore’s crypto awareness reached 94%, but ownership dropped to 29% in 2025 from 40% a year earlier as investors shift strategies. Crypto awareness in Singapore has reached an all-time high, with 94% of respondents in a recent survey indicating familiarity with at least one digital asset. However, ownership declined, falling to 29% in 2025 from 40% the previous year, according to Independent Reserve’s fifth annual Singapore Crypto Market Survey released on May 21. The survey, conducted in February with 1,500 participants, revealed that men remain more active in crypto investing than women, 35% compared to 24%. Read more

Your day-ahead look for May 22, 2025

The partnership builds on Two Prime's existing role in providing bitcoin-backed loans to MARA.

The court rejected loss-of-chance claims in BSV investors’ class-action suit against Binance, ruling such damages are not legally applicable.

FIFA is migrating its NFT marketplace and collection to a new Avalanche-powered layer-1 blockchain built for digital fan experiences. The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22. FIFA’s layer-1 (L1) blockchain will be powered by the Avalanche network’s scalability-focused infrastructure for the association’s five billion fans worldwide. The move comes nearly a month after FIFA announced its initial plans to launch a new network for its blockchain-based collectibles. AvaCloud’s Ethereum Virtual Machine (EVM) compatibility will enable smoother integration with decentralized wallets and applications. Read more

Bitcoin surpassed Amazon in market capitalization, hitting $2.205 trillion and marking a symbolic milestone that experts say could boost mainstream investor confidence. Update (May 22, 2025, 2:05 pm UTC): This article has been updated to add statements by Shruti Kohli and Stan Low. The market cap of the world’s first cryptocurrency, Bitcoin, surpassed that of retail and tech behemoth Amazon on “Bitcoin Pizza Day.” Market data shows that Bitcoin (BTC) had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation. Read more

The crypto market is up today, reflecting investors' optimism for a possible continued rally and TOTAL’s strong technicals after BTC price hit new all-time highs. Key points: The crypto market is up 2.5% on May 22, with its capitalization above $3.48 trillion for the first time since February. Bitcoin’s new all-time high of $111,888 is boosting investor confidence across the crypto market. Read more

ChatGPT can help build AI agents that trade crypto, but success depends on the strategy, risk management and market execution, not ChatGPT alone. ChatGPT-powered AI agents automate trading tasks using natural language prompts and API integrations, improving speed and consistency. Successes occur when ChatGPT is used as a support tool, not a fully autonomous trading system. Failures happen when traders over-rely on ChatGPT without real-time data, proper risk management or manual oversight. Read more

Crypto travelers tend to have higher spending per transaction, greater loyalty and more frequent bookings. Travelers using cryptocurrency for booking arrangements spend more than twice as much as regular travelers using fiat money, according to a joint report from Binance Pay and crypto travel platform Travala shared with Cointelegraph. Crypto-based bookings on Travala reached $80 million in 2024, up from $45 million the year before. Crypto travelers are also outspending their fiat counterparts, with an average booking value of  $1,211 per transaction, over 2.5 times more than fiat users who spend $469. Additionally, the report said crypto users were three times more valuable over their lifetime due to longer stays and higher repeat bookings, with crypto travelers 57% more likely to make a repeat hotel purchase. Read more

FIFA will migrate its NFT platform to a custom Avalanche-based blockchain, ending its previous ties with Algorand and Polygon.

FIFA previously released a non-fungible token (NFT) collection on the Algorand blockchain in 2022 ahead of the Qatar World Cup.

Trump adviser David Sacks says the GENIUS Act will pass the Senate with bipartisan support, potentially unlocking trillions in demand for US Treasurys. David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing. “We have every expectation now that it’s going to pass,” Sacks told CNBC on May 21, following a key procedural vote that saw 15 Democrats join Republicans to clear the filibuster threshold. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is the most advanced federal effort yet to establish a legal framework for dollar-pegged digital assets. Read more

BNB surges with strong support at $682 as Binance ecosystem activity spikes and Bitcoin’s continued rally lifts market sentiment across majors.

UAE-based lawyer Irina Heaver told Cointelegraph that the new rules allow issuing and listing RWAs on secondary markets. Newly updated guidelines from Dubai’s crypto regulator include provisions on real-world asset (RWA) tokenization and clarify rules for issuers.  On May 19, Dubai’s Virtual Asset Regulatory Authority (VARA) released its updated Rulebook for virtual asset service providers (VASPs) operating in the region. The regulator gave market participants until June 19 to comply with the new rules.  The regulator previously told Cointelegraph that it had enhanced supervisory mechanisms and brought consistency across activity-based rules. One of the more prominent changes includes regulatory clarity on RWA tokens.  Read more

The trade marks a new phase of capital migration from centralized finance to DeFi — one where whales, not just retail, are willing to place big bets outside the traditional system.

Texas lawmakers have approved a bill to create a state-run Bitcoin reserve, leaving one final procedural step before it can become law.

The new law introduces a licensing regime for stablecoin issuers as the city seeks to balance crypto innovation and investor protections.

The new Michigan bills would permit Bitcoin pension investments, bar state CBDC support, and offer tax breaks for crypto mining at oil sites.

Authorities have seized key infrastructure of a malware service used to steal crypto wallet data and other credentials from millions.