On May 12, 2025, the United States and China reached a significant agreement to reduce tariffs for a 90-day period, aiming to ease ongoing trade tensions. The U.S. agreed to lower tariffs on Chinese goods from 145% to 30%, while China reciprocated by reducing tariffs on American products from
Eric Trump’s cryptocurrency mining venture, American Bitcoin, is set to go public through a merger with Gryphon Digital Mining. The stock-for-stock transaction will result in the combined entity operating under the American Bitcoin name and trading on Nasdaq under the ticker symbol "ABTC." Eric Trump will continue
Global crypto funds have surged to $169 billion in total assets under management (AUM) as of May 12, 2025, approaching their all-time high of $173.3 billion. This growth is driven by sustained investor inflows over the past four weeks, reflecting renewed confidence in digital assets amid favorable macroeconomic conditions
The U.S. Securities and Exchange Commission (SEC) has unveiled plans to introduce new rules that would bring much-needed clarity to the regulation of cryptocurrency tokens. SEC Chair Paul Atkins stated that the agency aims to provide a structured framework that distinguishes between crypto tokens that are securities and those
Coinbase has consciously decided against adopting an aggressive Bitcoin accumulation strategy akin to that of Michael Saylor's MicroStrategy. While the company has recently invested $150 million in cryptocurrencies, primarily Bitcoin, increasing its long-term investment portfolio to $1.3 billion, this move is part of a diversified approach rather
Altcoins are experiencing a significant rally, closely following Bitcoin's recent surge past the $100,000 mark. Ethereum (ETH) has climbed over 30% in the past week, trading above $2,500, while other major altcoins like Solana (SOL), Dogecoin (DOGE), and XRP have also posted substantial gains. This upward
ONE.io, a global leader in digital payments, has partnered with BoomFi, a cryptocurrency technology provider, to launch ONE Gateway, a seamless and integrated crypto payment solution. This collaboration aims to empower merchants to accept cryptocurrency payments while automatically receiving settlements in fiat currency, thereby eliminating the complexities associated with
Galaxy Digital Holdings Ltd. has received approval from the U.S. Securities and Exchange Commission (SEC) to redomicile from the Cayman Islands to Delaware, a strategic move that paves the way for its anticipated listing on the Nasdaq Global Select Market. This transition aligns Galaxy Digital with U.S. regulatory
BitMEX has launched its "Market May-hem" trading competition, offering a substantial 310,000 USDT prize pool to engage traders worldwide. Running from May 8 at 11:00 AM UTC to May 31 at 11:59 PM UTC, the competition invites participants to showcase their trading prowess across various
Coinbase has announced its acquisition of Deribit, the world's largest crypto options exchange, for $2.9 billion in a strategic move to expand its presence in the global crypto derivatives market. The deal, comprising $700 million in cash and 11 million shares of Coinbase Class A common stock,
Arizona has made headlines by becoming the first U.S. state to formally establish a Bitcoin Reserve Fund, marking a bold step toward integrating cryptocurrency into public finance. Signed into law by Governor Katie Hobbs, the new legislation allows the state to allocate a portion of its surplus funds to
Meta is reportedly exploring the integration of stablecoins, particularly USDC, into its social platforms to streamline payments for content creators and facilitate digital transactions across its ecosystem. This move signals a renewed interest in cryptocurrency by the tech giant, which previously shelved its Diem (formerly Libra) project after facing regulatory