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Author: Vickie Helm
The last time BTC traded at these levels was in early February. The cryptocurrency market received a significant boost from recent news from the Middle East. Bitcoin has surpassed $78,000, and certain altcoins such as Memecore (M) have risen by double digits over the past day. Further rise in BTC The performance of major cryptocurrencies has recently been closely tied to global geopolitical tensions, more specifically the military conflict between the United States (backed by Israel) and Iran. Hours earlier, US President Donald Trump said he would extend the ceasefire – which was supposed to end soon, followed by a…
The Arbitrum Security Council has frozen $71 million in ETH that can be directly traced to the Kelp DAO exploit, and the council’s published statement confirms that the frozen funds cannot be moved without subsequent action through Arbitrum’s formal governance process, a procedural constraint that effectively places recovery decisions in the hands of ARB token holders rather than the council alone. We believe this is not a story about a single freeze, but rather a structural signal about the maturation of the ability of layer 2 governance infrastructure to serve as a real crisis response mechanism. Until recently, this role…
Michael Saylor announced on Monday that Strategy has made another major Bitcoin purchase. The multi-billion dollar Bitcoin purchase was not a surprise to the market, given that the company had already raised further funds for Bitcoin purchases by this date. But what’s interesting is how much BTC the public company currently holds, and what that means compared to other comparable companies with large holdings in the market. Strategy’s BTC holdings exceed 800,000 BTC With its latest purchase of 34,164 BTC, the company confirmed that its Bitcoin holdings have crossed the 800,000 BTC mark for the first time. According to the…
Trustworthy editorial content reviewed by industry-leading experts and experienced editors. Advertising disclosure The BIS General Manager said that existing stablecoins do not meet the requirements for a widely accepted and used payment method. Stablecoins remain a “niche” payment method Pablo Hernández de Cos, general manager of the Bank for International Settlements (BIS), spoke on the topic of stablecoins at the Bank of Japan seminar in Tokyo on Monday. BIS is an international financial institution that acts as a central bank. It is owned by its constituent central banks, and there are a total of 63 central banks at the moment.…
Lydian has launched the Lydian Card, a co-branded Visa Platinum card issued by Rain. This will give users access to over 300 supported digital assets, including stablecoins and major cryptocurrencies, across Visa’s global merchant network. The card will be available in both physical and instant-issue virtual formats and can be used anywhere Visa is accepted, giving cardholders access to more than 150 million merchants worldwide, according to a release seen by Bitcoin Magazine. Users will be able to fund, manage and track their transactions through the app or online dashboard, with the aim of streamlining the conversion of digital assets…
Although the impact of stablecoins on the banking sector appears to be “limited” at this stage in the adoption cycle, as the market capitalization of the stablecoin sector and tokenized real-world assets (RWA) increases, banks may face increased competition and market share erosion. “So far, stablecoin usage has been limited, but by the end of last year, the market capitalization exceeded $300 billion,” Abhi Srivastava, associate vice president in the Digital Economy Group at Moody’s Investors Service, told Cointelegraph.The market capitalization of stablecoins has exceeded $300 billion. Source: RWA.xyzDespite their current limited role, stablecoins’ role in payments, cross-border commerce and…
A US federal judge has dismissed a class action lawsuit related to a meme coin promoted by Caitlyn Jenner. summary A US judge has ruled that Caitlyn Jenner’s memecoin does not qualify as a security under the investment contract standard. The court stated that the investors failed to demonstrate any structural financial returns associated with the pooled funds or tokens. The lawsuit’s claims regarding token promotion and donations were dismissed, and the case was dismissed in federal court. The court found that the argument did not meet the legal standards necessary to classify the tokens as securities under U.S. law.…
Iran has closed the Strait of Hormuz, and the expected U.S.-Iranian talks are not scheduled. 82% of people approve of President Trump’s lifting of the blockade of Hormuz by May 31st, down from 90% the day before. market reaction 82% of respondents said President Trump would lift the lockdown by May 31st, a drop of 5 points in one day. On April 19th, the submarket plummeted to 8% of YES, down 20 points in the past 24 hours. The 70-point difference between April 19th and May 31st suggests that traders expect a resolution to potentially occur in the weeks between…
A unilateral freeze by Circle could cause a domino effect across DEXs, bridges, oracles, and even wallets. The negative publicity faced by stablecoin issuer Circle has further increased following the $280 million abuse scandal on the Solana trading protocol Drift. A California-based law group has filed a class action lawsuit against the company, alleging it stood by while North Korea-linked hackers moved millions of dollars in stolen USDC through its bridges and holds it responsible for investor losses from the attack. However, one analyst argued that Circle’s hands-off approach was not negligent, but rather the only way it could maintain…
Approximately $13 million in user funds disappeared from Russian cryptocurrency exchange Greenex in April 2026, and by the time the exchange stopped trading, funds were already rapidly moving through the blockchain network towards a single destination wallet. The outage prevents users from accessing funds, withdrawing balances, or performing transactions, and there is no timeline for service restoration. Blockchain intelligence firm Elliptic confirmed the exploit and began tracking the stolen assets on-chain. The company identifies Greenex as one of the largest exchanges converting Russian rubles into crypto assets, even though it is officially registered in Kyrgyzstan, a detail that is very…