Crypto News And Market Updates

Futuristic digital illustration showing billions of glowing USDC coins flowing into blockchain networks, symbolizing Circle’s $7.75B issuance and potential altseason fuel.

America’s Stablecoin Struggle: Why USDC Is Losing Ground to Tether

May 13, 2023 Paulo

USDC’s decline and Tether’s dominance highlight America’s failure to lead the Web3 financial frontier. Experts urge policymakers to prioritize stablecoin strategy.

Futuristic illustration of the Texas State Capitol with digital assets and blockchain symbols representing crypto regulation and transparency

Texas Lawmakers Approve Bill to Add Digital Currencies to State’s Bill of Rights

May 12, 2023 Paulo

Texas lawmakers vote to amend the state’s Bill of Rights, officially recognizing citizens’ right to own and use digital currencies such as Bitcoin.

Citigroup headquarters building representing crypto custody plans

Crypto Market Liquidity Shrinks as Jane Street and Jump Crypto Scale Back Operations

May 12, 2023 Paulo

Jane Street and Jump Crypto reduce crypto activity amid US regulatory pressure, worsening liquidity and increasing volatility across digital markets.

BiT Global files $1 billion lawsuit against Coinbase over Wrapped Bitcoin delisting.

French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin

May 12, 2023 Paulo

French crypto trader Thomas Clausi was sentenced to 18 months in Moroccan prison and fined $3.7 million after buying a Ferrari with Bitcoin, which later dropped in value.

Futuristic digital illustration showing Binance exchange charts and glowing altcoins rising, symbolizing strong market performance of 2025 listings.

Binance US Seeks to Cut CZ’s Stake Amid Mounting Regulatory Pressure

May 12, 2023 Paulo

Binance US executives are exploring ways to cut founder CZ’s ownership stake as SEC and CFTC scrutiny intensifies, threatening licenses and expansion.

Blockchain code and warning symbol representing Cetus hack and bounty offer

BlockGPT Launches ‘Chat-to-Earn’ AI Platform and Dual-Token Blockchain Ecosystem

May 11, 2023 Paulo

BlockGPT launches a decentralized AI chatbot on the blockchain with BGPT and AIBGPT tokens, enabling users to earn rewards by chatting and engaging.

Futuristic digital illustration of a rocket-shaped Bitcoin network sending coins into dark blockchain space, symbolizing SpaceX Bitcoin transfers.

CryptoQuant: Bitcoin Emerging From Bear Market as Institutions Eye Q3–Q4 Entry

May 11, 2023 Paulo

CryptoQuant says Bitcoin appears out of the bear market, with institutional investors readying Q3–Q4 entries and BTC showing growing correlation with gold.

Elon Musk addressing concerns about OpenAI's proposed cryptocurrency ICO in 2018.

Elon Musk’s Tweet Sends Milady NFT Prices Soaring Before Quick Correction

May 10, 2023 Paulo

Elon Musk’s tweet featuring a Milady NFT sent prices soaring from 3.8 to 7.3 ETH before cooling, reigniting debate over the anime-inspired collection’s history.

Chart showing Tether’s Q2 2025 $4.9B profit and stablecoin market share

Tether Reveals $1.5 Billion in Bitcoin Holdings as Reserves Hit Record $81.8 Billion

May 10, 2023 Paulo

Tether discloses $1.5 billion in Bitcoin reserves, $3.4 billion in gold, and record profits of $1.48 billion, strengthening its dominance in the stablecoin market.

Chart showing Bitcoin ETF outflow of $54.94 million with BTC price at $69,000

Bitcoin on Exchanges Drops to 5.84%, Lowest Level Since 2017 Amid Rising Self-Custody Trend

May 10, 2023 Paulo

Bitcoin holdings on exchanges fall to their lowest level since 2017 as investors increasingly move funds to self-custody wallets after FTX’s downfall.