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Texas Governor Greg Abbott has sparked speculation about his backing of a proposed state-held Bitcoin reserve.
On May 23, he shared a news article on his official X account that covered legislative efforts to pass the Strategic Bitcoin Reserve (SBR) bill. The article also acknowledged Abbott’s long-standing support for digital assets and highlighted his role in making Texas more crypto-friendly....
JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance
Some of the largest banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are reportedly working on a joint stablecoin initiative, the Wall Street Journal reported May 23.
Sam Kazemian, founder of Frax Finance, confirmed the development, signaling that the conversations between major banks might have advanced beyond speculation.
This move marks a...
Bitcoin reached a new all-time high on May 22, pulling almost the entire supply into profit.
Data from Checkonchain showed that 99.82 % of circulating Bitcoin sat above cost on May 21, up from 74.37% during the early April drawdown. The short-term cohort logged an even steeper swing after its supply in profit collapsed from 89.98% at the beginning of the year to 2.07% on April 6, then rebounded...
Raoul Pal, CEO of Real Vision and a prominent voice in macro investing, has once again stirred debate in the digital asset space, this time by declaring NFTs the “single best long-term store of wealth.”
The comment, made in social media comment screenshotted by the community, followed his broader thesis that currency debasement and exponential technology trends are driving a historic shift in...
Memecoin trading activity on Solana is tracking Bitcoin’s recovery, with the average daily trading volume rising 46% between April and May.
According to Blockworks data, monthly trading volume for memecoins on Solana was $58.7 billion as of May 21, already over $1 billion higher than the volume registered in April.
Additionally, memecoins accounted for 64.6% of all monthly trading volume on...
NEW YORK – May 22, 2025 – Turnkey, the secure, flexible, and scalable wallet infrastructure provider for digital asset operations, today announced full compatibility between its policy engine and the TRON blockchain. This integration equips fintech and payment providers with the tools needed to confidently build on TRON, the leading blockchain for stablecoin activity. Turnkey’s TRON policy engine...
Active loans across decentralized lending applications climbed to a record $23.723 billion on May 21, based on Token Terminal data.
Meanwhile, the DeFi ecosystem’s total value locked (TVL) sits 6.4% below the level recorded on Jan. 31, the day before President Donald Trump formalized his proposed import tariffs.
The surge in outstanding loans extends an expansion that began in early April when...
The UK Court of Appeals dismissed a high-profile challenge by BSV Claims Ltd, which sought up to £9 billion in damages from Binance and other exchanges over the 2019 delisting of Bitcoin Satoshi Vision (BSV).
BSV Claims, acting on behalf of around 243,000 BSV holders, alleged that coordinated delisting actions by Binance, Kraken, and ShapeShift, among others, violated competition law and severely...
Volatility Shares began trading the first US-based exchange-traded funds (ETFs) linked to XRP futures on May 22, according to an official announcement.
The funds, XRPI and XRPT, track XRP futures contracts and are listed on Nasdaq. XRPI offers one-to-one exposure to XRP’s daily performance, while XRPT aims to deliver double the digital asset’s daily movement, excluding fees and expenses.
Both...
The XRP Ledger (XRPL) added three stablecoins, EURØP, USDB, and XSGD, to its ecosystem this week.
According to the announcements, each of the tokens is backed by fiat currencies and will reinforce XRPL’s role in the fast-evolving global stablecoin market.
Notably, XRPL is fast becoming a top choice for stablecoin issuers and institutional players due to the network’s features, including low fees...