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Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance.
On May 21, Hong Kong lawmaker Johnny Ng confirmed that the Legislative Council approved the bill after its third reading. The new law is expected to take effect before the end of 2025.
Licensing regime
The new framework introduces a...
Bitcoin (BTC) surged to a high of $109,476 in the first two hours of the New York trading session, to break its all-time high of $109,353 set in January.
The latest rally into price discovery comes amid strong institutional investments, favorable regulatory developments, and increased market activity in recent weeks.
Based on CryptoSlate data, Bitcoin was trading at $109,2460 as of press time, up...
Bitcoin’s rally triggered over $248 million in liquidations across the derivatives market in the past 24 hours. This spike came as Bitcoin climbed from an intraday low of $102,135 to a peak of $108,010, closing the day at $106,769 with a 2.83% gain.
The move forced nearly 90,000 traders out of their positions, with short liquidations accounting for the bulk of the damage.
Short positions made up...
Russian authorities are intensifying their crackdown on domestic crypto payments with a new bill that proposes steep penalties and asset seizures.
According to local reports, the Ministry of Finance and the Central Bank have jointly submitted draft legislation that could see individuals fined up to 200,000 rubles and companies penalized up to 1 million rubles (approximately $12,500) for using...
The Solana ecosystem is in the midst of a rebound, with core metrics signaling stronger network participation, capital efficiency, and trading activity spiking since the beginning of April.
Total value locked (TVL) reached $9.17 billion, up more than 20% over the past month, while the total stablecoin float surpassed $11.4 billion. This divergence between capital parked in stablecoins versus...
Bitcoin closed above $106,000 for the first time in its history on May 20, according to CryptoSlate’s data.
The milestone followed several failed attempts earlier in the year, when that price level acted as strong resistance.
This time, however, the rally pushed beyond the ceiling, briefly touching $108,024 and sparking optimism about another all-time high.
Bitcoin’s Record Daily Close (Source:...
OpenAI will begin phasing out its current system of naming foundation models, replacing the existing “GPT” numerical branding with a unified identity under the forthcoming GPT-5 release.
The shift, announced during a recent Reddit AMA with core Codex and research team members, reflects OpenAI’s intention to simplify product interactions and reduce ambiguity between model capabilities and usage...
The post This high beta Bitcoin proxy sector is lagging behind BTC price 2025 appeared first on CryptoSlate.
A crypto whale, James Wynn, has taken a bold stance on Bitcoin by opening a $830 million long position on Hyperliquid, the decentralized derivatives exchange.
On May 21, on-chain analyst EmberCN revealed that Wynn initiated a 40x leveraged long position totaling 7,764 BTC (valued at approximately $830 million) at an entry price of $105,033. His liquidation level is reportedly set just below $100,...
The U.S. Securities and Exchange Commission (SEC) accused cryptocurrency startup Unicoin and its top executives of orchestrating a massive fraud scheme.
The SEC alleges that they raised more than $100 million from thousands of investors using false promises about asset-backed tokens and inflated fundraising numbers.
A crypto dream built on illusions?
The SEC’s 77-page complaint, filed May 20 in...