Hong Kong’s financial regulator will soon require stablecoin issuers to meet robust risk management and compliance standards under the new law. Hong Kong just hit the gas on stablecoin regulation, passing a bill that makes licensing mandatory for anyone issuing fiat-referenced stablecoins. Under the new Stablecoins Bill, any business issuing stablecoins tied to the Hong…
Pyth Network’s price has dropped over 66% from its yearly high, and technicals point to a further downside. As of the afternoon on May 21 (Asia time), Pyth (PYTH) was trading around $0.124, down about 3% in the past 24 hours. That’s its lowest point since April 11. The token’s market cap currently sits just…
KindlyMD shareholders have approved a merger with Bitcoin holding firm Nakamoto Holdings, paving the way for the creation of a publicly traded Bitcoin-focused conglomerate. According to a May 20 announcement from the U.S.-based healthcare services provider, both companies will now file information statements with the Securities and Exchange Commission. The merger is expected to close…
Responding to Succinct Labs’ real-time proving milestone in the ecosystem, Vitalik Buterin says the Ethereum team hopes to increase the Layer1 gas limit by ten to 100 times. In a recent post, Buterin commented on an X user’s skeptical take on an announcement from Succinct Lab’s co-founder Uma Roy about her team’s recent demo of…
SXT crypto’s price spiked today after Microsoft announced it’s adding Space and Time’s blockchain data to its Fabric analytics platform. SXT (SXT), the native token of decentralized data platform Space and Time, rose as high as 37% to an intraday high of $0.146 on May 21 morning Asian time. The rally followed Microsoft’s announcement that…
New York City Mayor Eric Adams has announced plans to form a digital advisory council that would guide the city’s digital asset strategy. Speaking at the New York City Crypto Summit on May 20, Adams said it has the potential to attract investment, create jobs, and cement New York’s position as a global centre for…
A team of Coinbase alumni has raised $11 million to debut True Markets, a stablecoin-native DeFi app offering real-time execution and self-custody on Solana. True Markets, a new mobile-focused non-custodial startup founded by former Coinbase executives Vishal Gupta and Patrick McCreary, has raised $11 million to bring its stablecoin-native, mobile-first DeFi app to iPhones, pushing…
Ethereum has climbed to around $2,540, approaching the key $2,500 level, but signs point to the market becoming overheated. According to a May 21 analysis by CryptoQuant contributor ShayanMarkets, trading volume has spiked as Ethereum (ETH) nears this resistance zone. This increase in activity has coincided with a spike in short-term profit-taking. When a market…
Sei Development Foundation has appointed Jamie Finn, a veteran fintech entrepreneur and co-founder of Securitize as a strategic advisor. Sei Development Foundation, a non-profit focused on the development and adoption of Sei (SEI), announced the appointment on May 20, 2025. “Jamie brings a rare combination of institutional credibility, deep technical insight, and hands-on experience building…
Zeus Network is leveraging the secure Chainlink CCIP and proof of reserve to bridge Bitcoin to Solana in a decentralized way. More and more companies are rolling out advancements in cross-chain bridges. On Tuesday, May 20, Zeus Network, a cross-chain communications layer for Bitcoin and Solana, implemented Chainlink CCIP. This widely adopted standard for bridging…
