News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
The SEC's delay in Canary Capital's Litecoin ETF application, coupled with a call for public comments, led to a 5% drop in Litecoin's price, despite no clear rejection signal.
Quick Take Kenya’s High Court has ordered World to delete local users’ biometric data, ruling the collection violated privacy rights. The judge also barred World from further biometric data collection in Kenya.
Corporate entities are likely to continue accumulating Bitcoin over the coming years, joining the likes of Strategy, according to Bernstein researchers.
Quick Take New Hampshire has become the first state to pass a “Strategic Bitcoin Reserve” bill, according to Satoshi Action Fund founder Dennis Porter. Other states, including Arizona, Illinois, Maryland, Michigan, and Texas, are mulling similar legislation, which is largely based on a plan drafted by the pro-Bitcoin nonprofit Satoshi Action Fund.
Quick Take Bitcoin core developers said the 80-byte cap is already constantly side-stepped by spammers in a way that bloats and abuses the network. The plan received backlash for not gaining consensus and community support.
Quick Take DeFi Development Corporation bought 82,404.50 SOL, valued at around $11.2 million. The firm’s total SOL holdings now sit at 400,091 SOL, worth about $58.5 million including staking rewards, as of May 6. The purchase comes five days after DeFi Development Corp. penned a $24 million private investment in public equity deal to buy more solana.
- 09:11USDC Treasury burns 60 million USDC on Ethereum blockchainAccording to Whale Alert monitoring, the USDC Treasury destroyed 60 million USDC (approximately 59.99 million USD) on the Ethereum blockchain at 16:45 (UTC+8).
- 09:11Financial Times Releases Documentary on Michael Saylor and MicroStrategy, Exploring Their $40 Billion Bitcoin Investment StrategyOn May 14, it was reported that the Financial Times released a documentary about Michael Saylor and his company MicroStrategy, exploring their $40 billion Bitcoin investment strategy. Under the leadership of founder Michael Saylor, MicroStrategy has transformed itself from a software company into a Bitcoin investment vehicle, currently holding Bitcoin worth approximately $50 billion. The film points out that MicroStrategy raised funds by selling stocks and issuing convertible bonds to purchase large amounts of Bitcoin, a strategy referred to as the "infinite money loophole." However, the sustainability of this highly leveraged investment strategy depends on the continuous rise in Bitcoin prices. The film also mentions that although MicroStrategy's stock has surged due to the rise in Bitcoin, its financial stability still faces challenges.
- 09:11ETH falls below $2600, daily increase of 1.06%Market data shows that ETH has fallen below $2600, currently reported at $2592.82, with a daily increase of 1.06%.