“Playing It Safe Can Be Risky”: CZ Responds as 12 New Businesses Include Bitcoin in Their Assets
Binance Founder Talks Bitcoin Investment Decisions Changpeng Zhao, the founder of Binance, recently suggested that the new Bitcoin finance companies are making calculated risks similar to those in other industries. This assertion came in response to news about these companies’ recent activities in the Bitcoin market. 12 New Bitcoin Finance Companies Reveal BTC Holdings Last […]
Banks in the US Build Up $88.66 Billion Cash Reserve in Just Three Months as Lenders Quickly Accumulate Assets
U.S. Banks Increasing Cash Reserves Amid Stagnant Lending Recent analysis from S&P Global reveals that U.S. banks are accumulating cash, indicating a decline in lending activities. In the first quarter of 2025, the cash equivalent holdings of banks surged by $886.6 billion, according to the firm. Notably, JPMorgan Chase and Citibank, which rank as the […]
Chainlink Remains Leading in Real-World Assets Sector Amid Recent Developments
Santimento recently highlighted the significant development activity surrounding certain real-world assets. The focus is on how these assets are shaping the landscape of various projects. As we’ve seen, tracking GitHub activities can provide a clearer picture of how crypto projects are evolving. This approach offers an insightful perspective on their progress.
Semler Scientific increases Bitcoin assets with $50M acquisition
Semler Scientific, a medical device firm, made headlines recently after acquiring $50 million in Bitcoin. Between May 13 and May 22, the company’s Bitcoin holdings have ballooned in value to around $474.4 million, placing Semler among the top 13 companies in the BTC finance sector. A disclosure from May 23 indicated that Semler bought 455 […]
Regeneron plans to acquire nearly all of 23andMe’s assets for $256 million.
Regeneron Acquires 23andMe Assets Amid Bankruptcy Regeneron Pharmaceuticals has declared its intention to acquire nearly all of the assets belonging to 23andMe, a genetic testing firm, following a court-supervised auction. The company has agreed to pay $256 million for these assets, with the auction occurring as part of 23andMe’s Chapter 11 bankruptcy protection filing from […]
US banks are allowed to manage customer cryptocurrency assets in custody, according to a regulator.
OCC Confirms Crypto Exchange Activities for Banks The Office of the U.S. Currency Secretary (OCC) has officially stated that banks under its oversight are allowed to exchange cryptocurrencies for their clients. Additionally, they can delegate some crypto-related tasks to outside firms. Rodney Hood, the acting chief, mentioned in a letter dated May 7 that both […]
Bessent talks about rules for digital assets.
Insights on Digital Asset Regulation from the Treasury Department During a Congressional hearing on Wednesday, Scott Bescent from the Treasury Department shared the administration’s approach to regulating the digital asset sector. His testimony focused on the international financial landscape, highlighting hopes that the digital asset industry will establish a strong foothold in the U.S. and […]
Senate Democrats suggest a prohibition on presidents investing in or supporting cryptocurrency assets.
Senate Democrats recently withdrew their support for the initial bill aimed at regulating stubcoins. On Tuesday, they unveiled plans for a new proposal designed to prohibit federal officials and their families from engaging in digital asset transactions. Senator Jeff Markley (D-OR), who presented the bill on the Senate floor, stated, “Anyone seeking to gain influence […]
Donald Trump Claims He Wants Cryptocurrency, Stating It’s Tougher Than Many Other Assets – The Crypto Basic
Trump Defends Crypto Industry Amid Market Volatility Former President Donald Trump has stepped up to support the cryptocurrency market, noting the resilience of Bitcoin and other digital currencies during recent fluctuations. In a recent interview with NBC News, Trump expressed renewed enthusiasm for crypto as part of his vision for the future as the nation’s […]
New XRP ETF hits $67 million in assets as price surpasses Ripple – Crypto News
The XRP fund, recently launched on leveraged exchanges, is experiencing a surge in asset inflows. The Teucrium’s daily XRP ETF, identified as XXRP, has seen an influx for four straight weeks, amassing over $67 million from a starting point of zero. Interestingly, this ETF outperforms Ripple’s XRP itself. In the same timeframe, XRP has appreciated […]