Uncategorized
Webus International reveals $300M XRP treasury bid to power borderless payments
Webus International revealed a plan on May 29 to raise up to $300 million through non-equity financing and deploy the capital into an XRP reserve that will support the company’s global chauffeur services payments network. The Chinese AI-powered mobility firm stated that it may utilize existing cash, commercial bank loans, shareholder guarantees, and institutional credit […]
Bloomberg analyst foresees Meta as trailblazer in corporate Bitcoin integration
Meta could be the first US corporation of its scale to place Bitcoin (BTC) on its balance sheet, according to Bloomberg senior ETF analyst Eric Balchunas. In a May 28 post on X, Balchunas argued that a move by a "Big Boy" company would validate corporate treasury adoption of the asset. He added that "it […]
Top Win unveils strategic investments in Asian Bitcoin sector following Sora merger
Top Win International Limited, now trading under the Nasdaq ticker SORA, announced two major strategic investments this week as it accelerates its pivot into Asia’s fast-growing digital assets market. The moves follow the company’s recent ticker change and come ahead of a pending rebrand to AsiaStrategy, as part of its merger with Sora Ventures, a […]
Musk says no deal signed with Telegram despite Grok integration announcement
Elon Musk stated on May 28 that xAI had not signed an agreement with Telegram to distribute the Grok large language model, despite Telegram founder Pavel Duvov's announcement earlier on the same day. Durov wrote that he and Musk "agreed to a one-year partnership" that would place Grok inside all Telegram applications and give the […]
Donut raises $7 million to build AI-driven crypto browser
Donut, a new crypto-native browser purpose-built for autonomous agents, announced on May 29 that it has secured $7 million in pre-seed funding to reimagine how users and AI interact with the decentralized web. The round was led by Hongshan (formerly Sequoia China), BITKRAFT Ventures, and HackVC, with additional backing from Sky9 Ventures, Matrix Partners, Makers […]
Bitcoin’s shrinking fees could trigger crypto-wide fallout
Justin Drake, a researcher at the Ethereum Foundation, has raised alarms over Bitcoin’s (BTC) long-term security. In a detailed post on May 29, Drake argued that persistently low transaction fees on the Bitcoin network could make it increasingly vulnerable to a 51% attack, a scenario in which a single entity gains majority control of the […]
Bybit earns MiCA license as hackers keep $644M from its $1.4B exploit out of reach
Crypto exchange Bybit has received regulatory approval under the European Union's Markets in Crypto-Assets (MiCA) framework from Austria's Financial Market Authority (FMA), according to a statement issued on May 29. This license enables the platform to offer digital asset services across all 30 European Economic Area (EEA) countries. Bybit plans to make Austria the hub […]
How a futures trade literally melted $29B in gold bullion and crashed the Atlanta Fed’s model
Wall Street’s rare-metal rumour mill began on a freezing January morning at Zurich Airport, where cargo handlers wrestled two-ton pallets of 99.5% pure gold onto a chartered 747 bound for New York. Their destination was a COMEX vault in the city, where warehouse rules hinge not on purity but bar dimensions. The gold came from […]
Ethereum Foundation embraces DeFi borrowing $2M in stablecoins on Aave using ETH collateral
The Ethereum Foundation (EF) has quietly taken a tactical step into DeFi by borrowing $2 million in GHO stablecoins using wrapped ETH (wETH) as collateral on the Aave protocol. Marc Zeller, founder of the Aavechan Initiative, shared the development on May 29, noting that the Foundation’s use of GHO aligns with Aave’s core value proposition, […]
US GDP decline revised to 0.2% as Bitcoin holds steady
The U.S. economy contracted at an annual rate of 0.2% in the first quarter, according to the Bureau of Economic Analysis’ second estimate released Thursday. Bitcoin fell slightly by 0.4% after the data was released, but remains strong above $108,000. Inflation-adjusted final sales fell 2.9% as households trimmed spending to 1.2% growth. Goods purchases slipped […]
Russia to allow crypto derivatives but not custody as local trading volume hits $93B
Russia's central bank has announced plans to allow financial institutions to offer crypto-linked investment products to qualified investors, according to a May 28 statement. The Bank of Russia explained that it will allow instruments such as derivatives, tokenized securities, and other digital financial products that reflect crypto price movements. However, these offerings must be non-deliverable, […]
Inside Pundi AI: How blockchain and AI are converging for real-world utility
In a recent episode of the SlateCast, CryptoSlate CEO Nate Whitehill and Editor-in-Chief Liam “Akiba” Wright sat down with Indra Winarta, Head of Ecosystem at Pundi AI. Known for pioneering real-world crypto payments since 2017, Indra now leads Pundi’s evolution into the artificial intelligence frontier. From Payments to Data: A Dual-Track Vision Indra clarified early […]
Bitcoin’s 30-day price volatility falls to 6-month low
Bitcoin is approaching the end of May with an unusually quiet tape: its 30-day price volatility just recorded its lowest level since November 2024, even as spot price trades just under its record high of $111,000. This rare combination of market calm and record valuations has created a setup that has historically preceded major price […]
Solana signals 40% crash versus Ethereum amid cooling memecoin craze
Key takeaways: SOL/ETH has broken below a rising wedge pattern, signaling a potential 40% decline. Solana’s memecoin revenue has collapsed since April, weakening its core value proposition. Standard Chartered warns Solana may underperform as Ethereum’s L2 ecosystem grows more competitive. Solana’s (SOL) multiyear outperformance against Ethereum’s native token, Ether (ETH), is losing momentum, with technical […]
XRP's profitability surges over 90%, outpacing Ethereum, Chainlink, and others
More than 90% of XRP’s supply is currently profitable, even though the token’s price has remained relatively flat for the past three months. Data from on-chain analytics firm Santiment reveals that most of XRP’s circulating supply was acquired at lower price points than its current market value. This level of profitability places XRP ahead of […]
Binance Labs backed Web3 Startup with prominent founders Mario Ho and Jackson Wang to Launch Non-Fungible RWA Protocol Ecosystem
Company Background Established in 2021, by founders Matthew Lim and Mario Ho, NFKings (“Company”), who is backed by top web3 and web2 VC firms such as Binance Labs, Vertex China, Team Holding, Mirana Ventures, Ventech, The Brooker Group and PopMart’s founder, is ready to launch its protocol after 3 years of product development. The Company’s […]
Ethereum leads crypto market with 4% surge to 3-month high above $2700
Ethereum outpaced the broader crypto market over the past 24 hours, posting the strongest performance among the top 10 digital assets. According to CryptoSlate data, ETH climbed nearly 4% during the reporting period, briefly touching $2,725, its highest level since February. In contrast, other major crypto tokens like Bitcoin, XRP, Solana, BNB, Dogecoin, Cardano, and […]
Bubblemaps V2 launches Time Travel for rug pulls, insider activity
Blockchain intelligence platform Bubblemaps has launched the public version of its v2 product, offering new tools to help users detect insider activity and prevent memecoin-related scams. Announced on May 29, Bubblemaps v2 follows a private beta testing period that attracted over 200,000 users. New features include “Magic Nodes,” which uncover hidden wallet connections among tokenholders, […]
Sol Strategies hints $1B raise, DeFi Dev Corp liquid stakes
Solana-focused investment firm Sol Strategies filed a preliminary base shelf prospectus for up to $1 billion, as DeFi Development Corp. revealed it will adopt liquid-staked SOL for its treasury operations. According to a May 27 Sol Strategies announcement, the publicly traded Canadian Solana investment and infrastructure company “will be permitted to make offerings of common […]
Bitcoin long-term holders aren’t cashing out despite new ATH and that’s keeping the rally alive
Bitcoin's May rally has been met with selective profit-taking by long-term holders, but the broader trend shows a slowdown in their selling. Between March 1 and May 27, the 7-day SMA of long-term holder spent output profit ratio (SOPR) increased from 2.10 to 2.22, indicating a mild uptick in realized profits. However, the 30-day SMA […]