Critical Pi Network (PI) Update, Ripple (XRP) Price Crash, and Altcoins in Danger: Bits Recap May 28
The US Gov’t might be dumping altcoins, Pi Network announced a critical upgrade, and more in this week’s recap. The past 24 hours were very eventful, especially in the altcoin scene, which saw many cryptocurrencies plummet amid a weakening…
Why is the crypto market going down today? (May. 28)
The crypto market remained under pressure on Thursday as renewed military tensions between the United States and Iran triggered another sharp wave of liquidations and ETF outflows. Summary Bitcoin fell under the $73,000 mark as U.S.-Iran tensions, rising oil prices,…
Bitdeer names Corsair’s Potter as new CFO
Bitdeer names ex-Corsair finance chief Michael Potter as CFO, effective Tuesday, replacing Jianchun Liu. Summary Michael Potter takes over as Bitdeer CFO effective Tuesday, with outgoing CFO Jianchun Liu staying through June 30. Potter led Corsair Gaming’s 2020 IPO and…
Aztec Labs acquires ZKPassport, code stays open
Aztec Labs has acquired ZKPassport but will keep the privacy-focused passport-scanning app fully open source. Summary Aztec Labs acquired ZKPassport but will keep the iOS app and Noir circuits open source. The privacy app proves identity attributes from government IDs…
Why STRC Volatility Matters More Than ETF Flows for Bitcoin
Analysts say STRC creates a one-way Bitcoin bid because its selling pressure never directly hits BTC markets. Strategy’s preferred stock STRC is now a larger buyer of Bitcoin (BTC) in peak weeks than every US spot ETF combined. However,…
BIS tokenization moves to real value payments
BIS tokenization work has cleared its atomic settlement prototype phase and will graduate to real-value cross-border payment trials. Summary Project Agora demonstrated tokenised cross-border settlement across seven central banks and more than 40 financial institutions. The Bank of Canada joined…
HTX denies UK sanctions tied to Russia
HTX denies UK sanctions allegations after the Foreign Office accused affiliate Huobi Global S.A. of funnelling $1.5 billion to Russia. Summary HTX says UK sanctions apply only to Huobi Global S.A. and do not affect its operating exchange. The Foreign…
Bitcoin News Today: Is Mining Dying as TeraWulf Abandons Miners
In Bitcoin news today, TeraWulf just made the most candid statement about Bitcoin mining’s future that any publicly traded miner has ever made with a real estate deal. The Maryland-based Bitcoin mining firm announced Tuesday that it has acquired the…
Prediction markets battle escalates after president Donald Trump sides with CFTC
The CFTC has moved a proposed rule on prediction-markets event contracts into White House review as federal and state officials fight over who should police the fast-growing sector. Summary The CFTC’s proposed prediction-market rule is under White House review before…
Musk’s Secret Crypto Stash? Why SpaceX and MicroStrategy Keep Loading Up on Bitcoin
SpaceX’s IPO filing quietly revealed something the market had been underestimating for years: Elon Musk’s rocket company holds 18,712 BTC on its balance sheet, worth roughly $1.42 billion at Bitcoin’s current price near $75,954. Before the S-1 dropped, on-chain analysts…
