Key NotesBitcoin price has increased to $97,771 ahead of the Federal Reserve’s policy decision.The Fed is expected to hold rates despite inflation remaining at 3.5%.Jerome Powell’s tone will likely influence BTC’s near-term direction. The price of the largest cryptocurrency, Bitcoin, is hovering near key resistance levels as global markets await the U.S. Federal Reserve’s interest rate decision, expected later today. With economic uncertainty growing and inflation still a concern, traders are on edge. All eyes are on Fed Chair Jerome Powell’s upcoming statement, which may influence Bitcoin’s direction over the coming weeks. Investors Brace for Powell’s Remarks as Bitcoin Climbs…
Author: Micheal
Key NotesKAITO derivatives volume soared 1391% and open interest rose to a 2-month high at $184M.With over 200K active yappers and $71M+ rewards distributed, the Kaito ecosystem is buzzing.If KAITO breaks above $1.42, the next psychological resistance could be near $1.60–$1.70. KAITO, the native token of the AI-powered InfoFi network, has risen over 65% in the past 24 hours, breaking through the critical $1 psychological barrier and touching a new local high of $1.42. At the time of writing, KAITO is trading at $1.3360, with a daily trading volume of $577.63 million, marking a staggering 650% increase in the past…
Key NotesAn Ethereum ICO whale sold 18,700 ETH worth $34 million.All transactions were made through the Kraken exchange.The sell-off aligns with the upcoming Ethereum Pectra upgrade. A long-term Ethereum-holding whale recently sold 18,700 ETH, valued at approximately $34.11 million. The whale is believed to have acquired Ethereum’s native token, Ether (ETH), during the 2015 Initial Coin Offering (ICO). This significant offloading of ETH comes at a time when the Ethereum Pectra upgrade is approaching. In anticipation of the upgrade and hard fork, crypto exchanges like Binance have announced temporary suspensions of withdrawals and deposits for Ethereum-based tokens. The ETH whale…
Thailand is preparing to let tourists spend cryptocurrency via credit card-linked platforms as part of a broader strategy to modernize its financial system and embrace digital assets.The plan was announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira during an investment seminar in Bangkok on May 26, according to reports from Bangkok Post and The Nation. The initiative, currently under review by the Ministry of Finance and the Bank of Thailand, will enable tourists to link their crypto holdings to credit cards for local purchases.Merchants will receive Thai baht as usual, often without knowing crypto was used in the…
Key NotesCiti’s Nisha Surendran highlighted the inefficiencies of traditional private equity transactions and how tokenization can help solve this.Citi and SDX’s initiative reflects growing interest in real-world asset (RWA) tokenization, with Citi positioning itself as a leader in this space.SDX CEO David Newns emphasized the potential of blockchain to innovate private markets, overcoming regulatory and infrastructural challenges. Investment banking giant Citibank has joined hands with Switzerland’s SIX Digital Exchange (SDX) to modernize the $75 billion private equity market using tokenization. At the Point Zero Forum in Switzerland, Citibank revealed this initiative with plans to use SDX’s blockchain-based Central Securities Depositary…
Key NotesThe UK has rejected the idea of a national crypto reserve and will not hold Bitcoin in state accounts.The government prioritizes US collaboration and plans sovereign debt issuance using blockchain.Britain is also avoiding the EU’s MiCA path, favoring traditional financial regulations for crypto. The United Kingdom has confirmed it will not create a national reserve of digital assets like Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B . The announcement came during a major financial event in London, where the UK’s position on crypto strategy was explained clearly. UK Rules Out Crypto…
French authorities suspect the possibility of a criminal organization behind two recent crypto-linked alleged kidnappings, Le Parisien reports. French authorities have arrested more than 12 people who have been linked to two high-profile crypto kidnapping cases in Paris, France, local media reports.Those arrested include several minors, with charges against them including kidnapping, attempted kidnapping and criminal conspiracy, Le Parisien reported on May 26.French investigators are exploring the possibility that a criminal organization is behind two recent crypto-linked kidnapping cases, with social media networks being used for recruitment.In one recent alleged kidnapping attempt on May 13, three men tried to snatch…
Key NotesRLUSD trading volume rose 27.41% following its Gemini listing.The adoption of stablecoin was complementary as Ripple Labs donated $25 million worth of tokens to U.S.education nonprofits.No new RLUSD has been minted since April 25 despite market momentum. Current market data shows that the Ripple USD (RLUSD) stablecoin has recorded a remarkable increase in trading volume following a major development in its adoption. Notably, this increase came shortly after the stablecoin was listed on Gemini, the U.S.-based digital asset exchange run by the Winklevoss twins. Gemini Adds RLUSD to Its Listings The new listing of RLUSD on Gemini might be…
Unitree director Wang Qixin says the robotics company used AI and motion capture to train the robots on real fight moves. Four artificial intelligence-enhanced robots have been put through their paces in a Chinese robot fighting competition, duking it out in kickboxing matches until one was declared the champion.The World Robot Competition Mecha Fighting Series had four human-controlled robots built by China-based firm Unitree compete in three, two-minute rounds with winners crowned through a points system, according to a May 26 report from the China state-owned outlet the Global Times. Chen Xiyun, a Unitree team member, said the “robots fight in…
Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC), has joined Sygnum in an advisory role, where he will help the crypto bank navigate global regulations amid growing institutional interest in digital assets. Giancarlo’s appointment as senior policy adviser places him alongside 11 other members of Sygnum’s Advisory Council, the company disclosed on May 27.In his role, Giancarlo will advise on regulations and strategic partnerships in both the public and private sectors. Sygnum is a Swiss banking group dedicated to providing crypto asset services. It’s often called the first digital asset bank, having recently achieved unicorn status following a…