UK regulators plan to ban retail investors from buying crypto assets with debt, citing financial risk and volatility. The UK is introducing sweeping rules for crypto, including a ban on buying these risky assets with debt. On Friday, May 2, the UK’s Financial Conduct Authority published a new document proposing new rules for crypto assets….
Bitcoin’s dominance relative to other major cryptocurrencies continues to soar reaching a new 4-year high. Bitcoin’s (BTC) dominance has surged to 64%, a four-year high, signaling its unrivaled strength in the cryptocurrency market. This metric, which measures Bitcoin’s share of the total crypto market capitalization, reflects a growing preference for Bitcoin as a safe haven…
PI, the native token of Pi Network, resumed its downtrend in May as it failed to hold the $0.6 support level amid bearish technicals. Pi Network (PI) has fallen nearly 10% over the past week, exchanging hands at $0.59 as of press time. Zooming out the charts, the token has lost over 23% of its…
Japanese Bitcoin treasury firm Metaplanet is ramping up its crypto accumulation strategy with a fresh ¥3.6 billion ($23 million) bond issuance to buy more Bitcoin. Metaplanet, a Japanese firm known for its aggressive Bitcoin (BTC) treasury strategy, has issued ¥3.6 billion (approximately $23 million) in bonds. This marks the company’s 12th bond issuance, and the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Tokenization has become a buzzword, unfortunately, it’s failing to prove its value. Investors remain unconvinced, and inconsistent regulations are stalling progress. Too often, assets are being tokenized just for the sake of…
Huione Group, a Cambodian conglomerate linked to the largest illicit online marketplace, could be cut off from the U.S. financial system under a new Treasury proposal. According to a May 1 announcement from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the agency is looking to label Huione Group as a “primary…
HAEDAL surged by as much as 50% today ahead of its listing on South Korea’s Bithumb exchange. According to CoinGecko data, the liquid staking protocol Haedal (HAEDAL) rallied to an intraday high of $0.174 during Asia morning hours on May 2, marking over 100% gains from its post-launch lows. Its market cap touched $32 million,…
Bubblemaps has visualized the token distribution for Boop crypto, a fairly new token that stems from the new Solana-based meme coin launchpad Boop.fun. BOOP has gone up more than 200%. On May 2, the on-chain analysis platform Bubblemaps showed traders the token distribution for Boop crypto amidst growing buzz surrounding the launchpad’s reward mechanism. According…
Sui is set to integrate sBTC and support the Stacks network, positioning Sui as a leading hub for institutional-grade Bitcoin decentralized finance. In a May 1 blog post, the Sui Foundation announced that it will integrate sBTC and support the Stacks (STX) network, expanding its Bitcoin (BTC) DeFi capabilities. sBTC is a Bitcoin-backed asset developed…
Bitcoin has surged on the back of a textbook short squeeze, but now finds itself at a decisive resistance zone. Will it break out or roll over? Bitcoin’s (BTC) recent price action has caught many off guard, with a powerful bounce emerging from heavily oversold conditions. This rebound appears largely driven by a short squeeze,…
