Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.
Nasdaq-listed GD Culture Group has committed up to $300 million to buy Bitcoin and the Trump-themed TRUMP memecoin. The announcement came in a May 11 SEC filing. The company plans to use funds raised from a stock deal with an unnamed investor in the British Virgin Islands. GDC has no
May 14, 2025 2 mins read
Robinhood has announced a $179 million all-cash deal to acquire Canadian crypto firm WonderFi, accelerating its international expansion. The agreement values WonderFi shares at C$0.36 each, representing a 41% premium over the May 12 closing price and a 71% premium over the 30-day volume-weighted average. The deal, confirmed on May
May 13, 2025 2 mins read
Backpack has launched withdrawals for former FTX EU customers, allowing them to reclaim frozen euro balances. However, crypto withdrawals remain unavailable. The move marks a significant step in returning trapped funds following 2022 collapse. The claims process officially began on May 12, months after Backpack acquired FTX EU in January
May 12, 2025 2 mins read
Strategy, formerly MicroStrategy, has acquired another 13,390 BTC for approximately $1.34 billion between May 5 and May 11. The company paid an average of $99,856 per bitcoin, according to a U.S. SEC filing on Monday. With this purchase, Strategy’s total Bitcoin holdings now stand at 568,840 BTC. These holdings are
May 12, 2025 2 mins read
Hackers drained $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain early on May 11. The exploit targeted a critical vulnerability, according to a statement from blockchain security firm Cyvers Alerts. At 07:31:38 UTC, the attacker deployed a malicious contract from address 0xb32a53. Just two minutes later,
May 11, 2025 1 min read
Bitcoin (BTC) briefly reclaimed the $104,000 threshold today, posting a modest 1.00% intraday rise. At the time of writing, BTC trades at $104,200.09, securing a market capitalization of $2.06 trillion. This reflects a 0.73% increase in tandem with a strong surge in trading volume, now totaling $47.02 billion, up by
May 11, 2025 2 mins read
Pudgy Penguins (PENGU) faced a notable downturn, shedding 5.32% in value over the past 24 hours to trade at $0.01393. The project now holds a market capitalization of $876.02 million, which also marks a 5.59% decrease. Its fully diluted valuation stands at $1.23 billion, while 62.86 billion PENGU tokens remain
May 10, 2025 2 mins read
BlackRock has met with the U.S. Securities and Exchange Commission’s Crypto Task Force to address crypto regulatory concerns. The meeting, held on May 9, focused on staking, tokenization, and exchange-traded product (ETP) rules, according to a public memorandum. During the session, BlackRock representatives discussed how staking features could be added
May 10, 2025 2 mins read
German law enforcement has confiscated €34 million ($38 million) in cryptocurrency from eXch, a crypto-swapping platform tied to the $1.4 billion Bybit hack. Authorities announced the seizure on May 9, calling it the third-largest crypto confiscation in Germany’s history. The Federal Criminal Police Office (BKA) and Frankfurt’s prosecutor’s office led
May 10, 2025 2 mins read
U.S. Treasury Secretary Scott Bessent criticized the Senate on Thursday for rejecting the GENIUS Act, a stablecoin regulation bill. The vote, split 49-48, halted progress amid mounting concerns over President Donald Trump’s ties to crypto. Bessent called the decision a “missed opportunity” for American leadership in the digital asset space.
May 9, 2025 2 mins read