Cointelegraph.com
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Cointelegraph.com - 11:50 May 28, 2025
XRP traders say it has the potential to rebound to $3.40 as the SEC begins a formal review of WisdomTree’s spot XRP ETF application. Key takeaways: XRP’s falling wedge pattern signals a bullish reversal; 48% price surge potential. SEC’s review of WisdomTree’s XRP ETF may spark investor interest as approval odds jump to 84% on Polymarket. Read more -
Cointelegraph.com - 11:27 May 28, 2025
GameStop’s 4,710 Bitcoin purchase is the company’s first since it disclosed plans in March to move into alternative investments. GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the company’s X account. The company did not specify how much it paid for the Bitcoin (BTC) or when the purchases were made in the announcement, while its Form 8-K filing with the US Securities and Exchange Commission also offers little detail. The amount purchased was worth around $513 million at the time of writing. The announced acquisition is GameStop's first publicly acknowledged Bitcoin purchase since the company disclosed plans to move into Bitcoin investment in March. Read more -
Cointelegraph.com - 10:52 May 28, 2025
Nikola Plecas joins TON Foundation to lead its global payments strategy as the network scales for Telegram’s massive user base. The Open Network Foundation (TON Foundation) appointed former Visa executive Nikola Plecas as its new vice president of payments. Plecas will be responsible for shaping and executing TON’s payment infrastructure strategy, the company said in a May 28 blog post. He is tasked with expanding the network’s capabilities, managing financial partnerships and ensuring compliance across jurisdictions as the foundation scales services for over 1 billion Telegram users. Read more -
Cointelegraph.com - 10:46 May 28, 2025
Bitcoin price remains stuck below $110K since May 23 and data suggest the pattern could continue for a few more days amid macroeconomic uncertainty. Key points: Bitcoin price is stuck in a range, with overhead resistance at $110,000 continuing to obstruct a rally to new all-time highs. Traders are in a wait-and-see mood due to uncertainty surrounding macroeconomic events. Read more -
Cointelegraph.com - 01:05 May 28, 2025
Nasdaq has filed with the SEC to list 21Shares spot Suit ETF, jumpstarting the agency’s review of the proposed listing. Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission’s review process. The stock market’s May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares’ April 30 submission of its S-1 registration statement to the SEC, which asked the regulator to approve trading of the proposed fund. Both regulatory filings are needed for the Sui (SUI) tracking fund to gi live, with the 19b-4 filing kicking off the SEC’s review process. The agency must decide whether to accept, reject or delay the application within 45 days and it can delay its decision multiple times, for a maximum review period of 240 days. Read more -
Cointelegraph.com - 22:34 May 27, 2025
ETH bulls find a reason to go long after SharpLink Gaming reveals plans to form a $425 million Ethereum treasury. Key takeaways: SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH. Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart. Read more -
Cointelegraph.com - 22:30 May 27, 2025
The incident is the latest in a string of "wrench attacks" and other violent crimes targeting crypto investors and industry professionals. A third individual, suspected of being connected to the recent kidnapping, torture and attempted extortion of an Italian tourist in New York City, surrendered to law enforcement on May 27. 33-year-old William Duplessie was taken into custody by the New York Police Department (NYPD) and will be charged with “kidnapping and false imprisonment of an associate,” NYPD Commissioner Jessica Tisch said. The incident comes amid a string of kidnappings and ransom attempts targeting crypto investors and their loved ones, prompting additional security measures from investors and industry executives. Read more -
Cointelegraph.com - 21:52 May 27, 2025
VanEck's head of digital assets, Matthew Sigel, said sustainable Bitcoin reserve growth must happen gradually through Congressional bills. Building a permanent US strategic Bitcoin reserve would likely require targeted legislation rather than executive action, according to VanEck’s head of digital assets, Matthew Sigel. Speaking at Bitcoin 2025 in Las Vegas, Sigel said the most viable path forward may involve inserting Bitcoin mining incentives into the congressional budget reconciliation process. According to Sigel, the most effective path to growing a US strategic Bitcoin reserve would be through targeted amendments to congressional budget legislation. These could include tax credits for mining companies that use methane gas and other incentives aimed at encouraging miners to share a portion of their mined BTC with the federal government. He argued that such an approach would allow the reserve to grow organically over time. Sigel also highlighted the limitations of executive actions in achieving this goal: ... -
Cointelegraph.com - 21:38 May 27, 2025
The Trump administration is working on bills related to stablecoins, market structure and the Bitcoin Strategic Reserve “in that order.” US President Donald Trump supports the BITCOIN Act and has a team of experts in the White House working to roll out landmark digital asset legislation in the coming weeks, according to Wyoming Senator Cynthia Lummis. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Lummis said she is bringing the BITCOIN ACT to the “attention of the American people and the world,” adding that, “President Trump supports the bill.” In March, Lummis reintroduced the BITCOIN Act — landmark legislation that directs the US government to acquire 1 million Bitcoin (BTC) over five years. The acquisitions would be financed using existing funds within the Federal Reserve System and the Treasury Department. Read more -
Cointelegraph.com - 21:24 May 27, 2025
Due to Bitcoin’s volatility, the odds are against those who try to time the market, the Blockstream CEO learned in the early years of Bitcoin. Selling Bitcoin is like “playing in a really bad house-rate casino,” according to Adam Back, CEO of Blockstream and one of Bitcoin’s earliest adopters. In a recent interview with Bitcoin financial services firm Unchained, Back said the odds are stacked against traders trying to time the market. Back came to this conclusion in the early days of Bitcoin, he said, when the price “was going up basically exponentially but it [was] extremely volatile.” “So [...] if you see something that’s going up exponentially but with volatility, if you sell it to time the market a bit falling, the odds are against you,” Back said, adding: Read more -
Cointelegraph.com - 20:30 May 27, 2025
After a year of planning, Cantor Fitzgerald activates crypto lending arm with first Bitcoin-collateralized deals. Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services. According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor. The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way to unlock liquidity without selling their BTC holdings. Cantor announced its Bitcoin financing business with an initial capital of $2 billion in July 2024, targeting institutional investors seeking to leverage their Bitcoin. At the time, the company said Anchorage Digital and Copper would serve as custodians and collateral ma... -
Cointelegraph.com - 19:20 May 27, 2025
Bitcoin gains traction as corporate BTC adoption soars and investors hold a critical view of systemic financial risks in the US. Key takeaways: Institutional investor demand and corporate adoption may push Bitcoin higher despite recession fears. Investors’ belief that the US Federal Reserve will hold rates favors Bitcoin price upside. Read more -
Cointelegraph.com - 18:42 May 27, 2025
Trump Media spokespeople denied news of the deal a day earlier, before confirming the capital raise in a May 27 announcement. Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, confirmed a $2.5 billion capital raise to purchase Bitcoin (BTC) after denying earlier reports of the deal. According to a May 27 announcement from the company, the capital raise comprises a $1.5 billion stock sale and $1 billion in convertible senior secured bonds, with a 0% coupon. The sale is expected to close on May 29. TMTG CEO Devin Nunes said: TMTG spokespeople responded to the initial report from the Financial Times, published a day before the announcement, with derision. Read more -
Cointelegraph.com - 18:24 May 27, 2025
If the associated warrants are exercised, Strive could raise an additional $750 million and bring its total Bitcoin purchasing power to $1.5 billion. Strive, an asset manager founded by American entrepreneur and politician Vivek Ramaswamy, has announced a $750 million raise to establish “alpha-generating” strategies through Bitcoin-related purchases. According to a May 27 announcement, the strategies will include buying undervalued biotech companies, purchasing “distressed Bitcoin claims” like those associated with crypto hacks and bankruptcies, and acquiring bottom tranches of Bitcoin credit vehicles at discounted prices. “ [...] our alpha-generating Bitcoin accumulation strategies are designed to drive sustained outperformance relative to Bitcoin itself, which requires a new valuation framework,” Strive CEO Matt Cole said. Read more -
Cointelegraph.com - 17:52 May 27, 2025
The $11 trillion asset manager reported holding more than 2.1 million shares of IBIT as of March 31. BlackRock’s in-house portfolio has been quietly accumulating shares of its Bitcoin exchange-traded fund (ETF), underscoring the asset manager’s growing commitment to the cryptocurrency as part of a broader diversification strategy. As of March 31, 2025, the BlackRock Strategic Income Opportunities Portfolio held 2,123,592 shares of the company’s iShares Bitcoin Trust (IBIT), valued at $99.4 million, according to filings with the US Securities and Exchange Commission (SEC). That’s a notable uptick from Dec. 31, 2024, when the portfolio held 1,691,143 IBIT shares. BlackRock’s IBIT was among 11 spot Bitcoin ETFs approved by the SEC in January 2024. Since then, it has emerged as the largest fund in its category with more than $72 billion in net assets, according to Bitbo data. Read more -
Cointelegraph.com - 17:38 May 27, 2025
Improving US macroeconomic data gave Bitcoin price a boost, but onchain data points to prolonged profit taking among BTC investors. Key takeaways: Bitcoin could turn parabolic if prices move above $115,000 to liquidate more than $7 billion in short positions. Onchain indicators enter overheated territory, suggesting prolonged profit taking from BTC investors. Read more -
Cointelegraph.com - 15:40 May 27, 2025
With 93% of all Bitcoin already mined, the race for the remaining coins is intensifying. Here’s how it impacts scarcity, mining rewards and the future of the network. Bitcoin’s total supply is hardcoded at 21 million BTC, a fixed upper limit that cannot be altered without a consensus-breaking change to the protocol. This finite cap is enforced at the protocol level and is central to Bitcoin’s value proposition as a deflationary asset. As of May 2025, approximately 19.6 million Bitcoin (BTC) have been mined, or about 93.3% of the total supply. That leaves roughly 1.4 million BTC yet to be created, and those remaining coins will be mined very slowly. Read more -
Cointelegraph.com - 15:26 May 27, 2025
The combined altcoin market cap (minus ETH) surged 1,400% and 200% following Ether's close above a certain Gaussian Channel threshold. Key takeaways: Ethereum has reclaimed a key level that preceded 100%+ rallies and triggered past altseasons. Altcoin market cap could surge toward $15 trillion if Bitcoin dominance repeats its post-halving drop. Read more -
Cointelegraph.com - 15:00 May 27, 2025
As privacy concerns and regulatory demands for age verification collide, zero-knowledge proofs offer a cryptographic solution that keeps your sensitive data safe while satisfying compliance requirements. Opinion by: Andre Omietanski, General Counsel, and Amal Ibraymi, Legal Counsel at Aztec Labs What if you could prove you're over 18, without revealing your birthday, name, or anything else at all? Zero-knowledge proofs (ZKPs) make this hypothetical a reality and solve one of the key challenges online: verifying age without sacrificing privacy. We're witnessing an uptick in laws being proposed restricting minors' access to social media and the internet, including in Australia, Florida, and China. To protect minors from inappropriate adult content, platform owners and governments often walk a tightrope between inaction and overreach. Read more -
Cointelegraph.com - 14:46 May 27, 2025
XRP price risks a possible 16% plunge to $1.96 if the support at $2.31, provided by the 200-day SMA, does not hold. Key points: XRP derivatives markets turn bearish amid reducing institutional demand, suggesting further downside for XRP price. XRP’s descending triangle breakout could lead to a decline toward $1.96. Read more
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