Kraken is preparing to roll out a new product that will allow users in select countries outside the US to trade tokenized versions of major American stocks and ETFs 24/7.
According to the May 22 announcement, the offering will include names such as Apple, Tesla, and Nvidia, with plans to expand the selection over time.
The announcement comes a few weeks after the exchange acquired NinjaTrader in...
Strategy (formerly MicroStrategy) has unveiled plans to raise $2.1 billion via sales of its Series A Perpetual Strife Preferred Stock (STRF).
According to the May 22 statement, the stock will be issued under an at-the-market (ATM) program. This structure allows Strategy to sell shares gradually, based on favorable market conditions like trading volume and price.
The funds raised from these...
Binance, the largest crypto exchange by trading volume, revealed plans to list the USD1 stablecoin issued by the Donald Trump family-affiliated DeFi venture World Liberty Financial (WLFI).
According to a May 22 statement, the exchange said it would open trading for the USD1/USDT pair on the same day. The firm added that its users can deposit the token, while withdrawals will be enabled a day...
Funding rates for Bitcoin perpetual futures have spiked sharply in the past 24 hours, especially on USDT- and USD-margined contracts. The latest daily aggregated rate across exchanges reached 0.010885% on May 22, up from 0.007804% on May 21 and just 0.005429% on May 20.
Both OI- and volume-weighted funding rates rose notably between May 21 and May 22, peaking during the early hours of May 22...
Update: Cetus has stated that the loss currently stands at $223 million.
“As of earlier today, we have confirmed that an attacker has stolen approximately $223M from Cetus Protocol.
We have took immediate action to lock our contract preventing further theft of funds. $162M of the compromised funds have been successfully paused.
We are working with the Sui Foundation and other ecosystem members...
Avalanche’s native token, AVAX, is gaining momentum in the current crypto market surge, buoyed by fresh institutional activity and a major partnership with FIFA.
According to CryptoSlate’s data, AVAX surged by 11% in the last 24 hours, reaching $25.16 at the time of reporting. This continues a weeklong trend that has seen the token rise by around 7%.
Notably, this recent upswing coincides with a...
Bitcoin’s rally to a new all-time high of $111,620 on May 22 was followed by a surge in futures activity, with total open interest (OI) across exchanges reaching $80.91 billion, the highest ever recorded.
May 22 OI represents a $6.66 billion increase over the past 24 hours and caps off a five-day climb that added over $15 billion in futures exposure since May 18.
Chart showing the total open...
Bitcoin trades above $110,000 today, while Google Trends data for “bitcoin” sits at 38.
This afternoon, a Midtown Manhattan barista will glance at a phone ticker showing $110,630. He’ll shrug and keep steaming milk.
The mood lines up with the data as searches for the word have stayed in the low-40 band for months, the same range seen when Bitcoin cost under $30,000.
Perhaps we’re now entering...
Fifteen years after a programmer traded 10,000 BTC for two pizzas, the crypto community marked Bitcoin Pizza Day with record-breaking celebrations.
In 2010, Laszlo Hanyecz paid roughly $41 for a pair of Papa John’s pies in what became the first known real-world Bitcoin transaction. Today, those coins would be worth $1.11 billion at Bitcoin’s new all-time high of $111,000, recorded during the...
In May 2010, a Florida-based programmer named Laszlo Hanyecz made what would become one of the most famous purchases in crypto history. He spent 10,000 Bitcoin on two Papa John’s pizzas.
At the time, Bitcoin was trading at just $0.004 per coin, putting the total cost of the meal at a modest $41.
Today, that amount of Bitcoin would be valued at over $1.1 billion, following BTC’s recent surge to a...