South Korean politician Lee Jae-myung has vowed to approve spot cryptocurrency exchange-traded funds and create a safer investment environment for young investors if elected president. Lee, who is the Democratic Party’s presidential candidate, has rolled out a set of crypto-friendly promises as part of a larger pitch to win over younger voters, according to a…
Bitcoin whales are quietly stacking while retail traders sell off, indicating growing confidence among long-term holders. On-chain data from Santiment, shared on a May 7 post on X, shows that wallets holding between 10 and 10,000 Bitcoin (BTC) have added over 81,000 BTC in the past six weeks. The holdings of this group, which typically…
The team behind Monero has unveiled Tari, a new layer-1 chain that hides transaction data by default and supports crypto mining on personal computers. A new blockchain from ex-Monero developers is betting that privacy, playful crypto mining, and a dose of nostalgia can win over the next wave of crypto users, launching as a standalone…
TRON has reached a major milestone in the stablecoin market but TRX price seems to be struggling to gain momentum. According to DeFiLlama data, as of May 7, there are $71.9 billion in stablecoins on the network, setting a new record for TRON’s (TRX) stablecoin supply. This increase comes after Tether (USDT) minted another $1…
Bitwise Asset Management has filed for a spot Near ETF with the United States Securities and Exchange Commission. According to a May 6 Form S-1 filing, the proposed Bitwise NEAR ETF is designed to give investors direct exposure to the price of the NEAR token by holding actual NEAR tokens in custody. NEAR is the…
Ethereum recently rejected from a key confluence zone, including the 0.618 Fibonacci level. With price back under the point of control, traders are watching closely for signs of a deeper move or a trap. Ethereum’s (ETH) price action has stalled at a technically significant region, the 0.618 Fibonacci retracement level, drawn from the most recent…
Crypto markets are down 0.48%, reflecting the drop in stock markets and technical pressures on Bitcoin. Crypto markets faced minor selling pressure from both macroeconomic factors and Bitcoin technicals. On Tuesday, May 6, the overall crypto market cap declined 0.54%, falling below $3 trillion to $2.94 trillion. The main driver of the decline mirrored the…
KULR Technology Group has deepened its Bitcoin commitment, purchasing 42 additional BTC and bringing its total holdings to 716.2 BTC, the company announced. The energy storage and management firm said it has spent approximately $69 million acquiring Bitcoin (BTC) at an average price of $96,342 per BTC. The latest investment follows KULR’s December 2024 announcement…
SOL Strategies, a Canadian publicly traded company focused on supporting the Solana blockchain ecosystem, has expanded its holdings with a new $20 million Solana purchase. The Canada-listed company announced the move on Tuesday, May 6, disclosing the completion of the $20 million buy is from the first tranche of its $500 million convertible note facility. …
The Pi Network price remains in a tight range this week as traders wait patiently for the next potential catalyst. Pi Coin (PI), a popular cryptocurrency, was trading at $0.57 on Tuesday, down by 80% from its highest point this year. This decline has coincided with significantly lower demand, with a 24-hour volume of $47.5…
