Report: Major US Banks Contemplating Joint Stablecoin Initiative
America’s largest banks—including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo—are reportedly in early talks about launching a joint stablecoin to challenge the crypto sector, according to the Wall Street Journal on May 22, citing sources familiar with the matter. The discussions involve bank-owned payment networks such as Early Warning Services (operator of Zelle) […]
OKX Launches xBTC on Aptos to Expand Bitcoin-Backed DeFi Opportunities
OKX, one of the world’s leading blockchain technology firms and crypto exchanges, has launched xBTC — a wrapped Bitcoin (BTC) token on the Aptos layer-1 blockchain. This move aims to expand Bitcoin-backed DeFi opportunities within the Aptos ecosystem by enabling users to mint, deposit, and withdraw xBTC without any minting or redemption fees. Backed 1:1 […]
How Will the $2.8B Bitcoin Options Expiry Impact Market Movement?
On Friday, May 23, approximately 25,400 Bitcoin options contracts are set to expire, carrying a notional value near $2.8 billion. This significant expiry event closely mirrors last week’s, as crypto derivatives trading continues to stabilize amid growing market confidence. Bitcoin’s spot market has shown robust momentum, hitting a new peak above $111,000 on Thursday, signaling […]
Unfilled CME Futures Gaps Hint at $3,200 Ethereum Price Surge
Ethereum (ETH) is gaining bullish momentum, fueled by growing trading volumes, positive community sentiment, and technical indicators pointing to a potential price breakout. With ETH currently trading around $2,666, up 5.6% in the last 24 hours and more than 64% over the past month, analysts are now eyeing a move toward $3,200, driven in part […]
Tom Emmer Revives Regulatory Clarity for Crypto Tech Bill to Protect Innovation
On May 21, U.S. Congressman Tom Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA)—a bipartisan bill co-sponsored with Congressman Ritchie Torres—aimed at bringing much-needed legal clarity to the U.S. crypto industry. Aimed at Non-Custodial Crypto Providers The bill reaffirms that blockchain developers, miners, validators, and non-custodial wallet providers should not be classified as money transmitters […]
Synthetix Drops $27M Derive Deal After Community Pushback
Synthetix has officially scrapped its proposed $27 million acquisition of crypto options platform Derive, following intense community backlash and lack of support from stakeholders on both sides. Community Backlash Halts Acquisition The now-canceled proposal, first announced in a May 14 blog post, involved a token swap deal priced at 1 SNX for 27 DRV tokens. […]
Coinbase Hacker Transfers Stolen Funds, Mocks Investigators with On-Chain Meme
The hacker behind the massive Coinbase data breach is not only laundering tens of millions in stolen crypto assets but is now publicly mocking blockchain investigators with on-chain taunts. Millions Laundered in Stablecoins According to blockchain security firm PeckShield, the attacker recently transferred 8,697 ETH, converting it into approximately $22 million in DAI, a dollar-pegged […]
SUI-Powered Cetus Protocol Suffers $260M Exploit – Security Investigation Launched
Cetus, a decentralized exchange (DEX) built on the Sui blockchain, has reportedly fallen victim to a massive exploit resulting in the loss of over $260 million. According to on-chain analytics platform Lookonchain, the attacker siphoned funds and quickly swapped them into USDC, bridging approximately $60 million to Ethereum where they were converted into ETH. Lookonchain […]
Donald Trump Meets Meme Coin Holders Today – Here’s What to Expect From the Crypto-Themed Dinner
As part of his ongoing outreach to the crypto community, U.S. President Donald Trump is making good on a major promise: dining with the top holders of his meme coin, Official Trump (TRUMP). The exclusive dinner is set for today, Thursday, May 22, and will take place at Trump National Golf Club in Potomac Falls, […]
Ripple’s Quiet Rise: Should Bitcoin Maxis Worry About XRP’s Growing Influence?
Bitcoin (BTC) maximalists have long dismissed altcoins as mere speculative assets, but Ripple’s steady growth in global finance is beginning to challenge that narrative, according to a prominent social media influencer. While Bitcoin continues to reign as the leading cryptocurrency by market cap, Ripple’s native token, XRP, is carving out a significant niche in an […]
