🚀 Bitcoin's Short-Term Correlation with Gold Hits Lowest Level Since February
#Bitcoin #Gold #Correlation #Finance #CryptoNews #Investing #BTC
According to PANews, recent data from Glassnode reveals that Bitcoin's short-term correlation with gold has decreased to -0.54 over the past 30 days, marking the lowest level since February. Despite this decline, the 90-day and 365-day correlations remain positive, standing at 0.39 and 0.60, respectively.#Bitcoin #Gold #Correlation #Finance #CryptoNews #Investing #BTC
🚀 BlackRock BUIDL Fund Reaches $2.88 Billion in Assets
#BlackRock #BUIDLFund #Ethereum #Assets #Crypto #Investment #Aptos #Avalanche #RWASector #ETH #AVAX #APT
According to Odaily, as of May 18, 2025, the BlackRock BUIDL Fund has reached approximately $2.88 billion in assets. The fund's holdings are predominantly in Ethereum ecosystem assets, which account for $2.68 billion, representing over 95% of the total. The remaining assets are distributed in smaller amounts across other chains such as Aptos and Avalanche. Ethereum continues to maintain a dominant position in the RWA sector.#BlackRock #BUIDLFund #Ethereum #Assets #Crypto #Investment #Aptos #Avalanche #RWASector #ETH #AVAX #APT
🚀 U.S. Senate to Vote on Stablecoin Legislation
#US #Senate #Stablecoin #Legislation #Cryptocurrency #FinancialStability #DigitalCurrency
According to BlockBeats, the U.S. Senate is set to vote tonight on advancing a bill concerning stablecoins. This legislative move comes amid growing interest in regulating digital currencies and ensuring financial stability. The outcome of the vote could have significant implications for the cryptocurrency market and its regulatory framework.#US #Senate #Stablecoin #Legislation #Cryptocurrency #FinancialStability #DigitalCurrency
🚀 Dubai Updates Digital Asset Trading Regulations to Enhance Leverage Controls
#Dubai #DigitalAssets #TradingRegulations #LeverageControls #MarginTrading #VARA #Cryptocurrency #RegulatoryFramework #BrokerDealer #ExchangeRulebook
According to PANews, the Dubai Virtual Assets Regulatory Authority (VARA) has revised its digital asset trading rulebook, as reported by CoinDesk. The new regulations focus on strengthening leverage controls and collateral requirements for margin trading, with significant amendments made to the Broker-Dealer and Exchange Rulebook. This update aims to align the regulatory framework with international risk standards and address previous regulatory gaps concerning brokers and wallet service providers.
VARA stated that the revisions are based on practical licensing experience and international best practices, contributing to the development of a more mature regulatory system. Ruben Bombardi, VARA's Chief Legal Officer, emphasized that these updates reinforce the foundation of a "responsible and scalable ecosystem." The authority's previously clear regulatory requirements have already positioned Dubai as a hub for cryptocurrency activities.#Dubai #DigitalAssets #TradingRegulations #LeverageControls #MarginTrading #VARA #Cryptocurrency #RegulatoryFramework #BrokerDealer #ExchangeRulebook
🚀 🔥 Binance Launches ETH Flexible Product Campaign Offering Up to 3.3% APR and 3,000 USDC Red Packets 🔥
#Binance #ETH #FlexibleProducts #APR #USDC #RedPacket #Campaign #Promotion #SimpleEarn #Cryptocurrency #Investment #FinancialIncentives #Blockchain
Binance has introduced two new promotions under its Simple Earn ETH Flexible Products, enabling eligible users to earn up to 3.3% APR and compete for USDC Red Packet rewards totaling up to 3,000 USDC per user. The campaign will run from May 19 to June 17, 2025 (UTC). Promotion A: ETH Subscriptions Ranked by Net Daily Snapshot for USDC RewardsUsers who subscribe to ETH Flexible Products with a minimum of 0.05 ETH during the promotion period can qualify for tiered USDC Red Packet rewards. Rankings are based on the cumulative daily net ETH subscription snapshot, defined as:Daily Net ETH Subscription = New ETH Flexible Subscriptions − ETH Flexible Redemptions − ETH Staking RedemptionsReward StructureRankReward (USDC)1st3,0002nd1,6003rd9004th–10th20011th–50th30 Redemptions made during the period will reduce the user's net subscription total. Users must retain their subscribed ETH without making redemptions to maximize their cumulative score.Promotion B: Up to 3.3% APR on ETH Flexible Product SubscriptionsDuring the same promotion period, eligible ETH Flexible Product subscribers can earn up to 3.3% annualized percentage rate (APR). This includes a 2% Bonus Tiered APR, in addition to the regular Real-Time APR of approximately 1.3%.APR DistributionBonus Tiered APR: Distributed daily to users’ Spot Wallets.Real-Time APR: Accrued per minute directly in Earn accounts.Product TermsAssetDurationMax APRMin SubscriptionMax SubscriptionETHFlexible3.3%0.002 ETHUnlimited Subscriptions are handled on a first-come, first-served basis, subject to real-time system capacity.Eligibility and AccessTo participate, users must:Have a verified Binance account.Subscribe to ETH Flexible Products via the Simple Earn platform.Ensure no redemptions during the snapshot period to retain ranking eligibility.#Binance #ETH #FlexibleProducts #APR #USDC #RedPacket #Campaign #Promotion #SimpleEarn #Cryptocurrency #Investment #FinancialIncentives #Blockchain
🚀 Bitcoin Improvement Proposal Sparks Debate Over Unit Change
#Bitcoin #BitcoinImprovementProposal #BIP177 #satoshis #bits #cryptocurrency #blockchain #Taproot #JackDorsey #CoryKlippsten #SatoshiNakamoto #BTC
According to PANews, Bitcoin developer John Carvalho introduced Bitcoin Improvement Proposal 177 on April 23, aiming to replace satoshis as the fundamental unit of Bitcoin by dividing 21 million Bitcoins into 21 trillion units. This proposal follows a 2017 suggestion by developer Jimmy Song to create 'bits' as a representation of one-millionth of a Bitcoin, which Carvalho believes did not simplify the complexity.
Block CEO Jack Dorsey supports the change, expressing in a post on May 18 that satoshis, or sats, are confusing for newcomers. However, Swan Bitcoin CEO Cory Klippsten opposes the proposal, arguing that people can understand satoshis in Bitcoin just as they understand cents in dollars. Additionally, Bitcoin's creator, Satoshi Nakamoto, had previously indicated that the unit display method could be altered.
Since the Taproot upgrade in November 2021, no new improvement proposals have been implemented in the Bitcoin network.#Bitcoin #BitcoinImprovementProposal #BIP177 #satoshis #bits #cryptocurrency #blockchain #Taproot #JackDorsey #CoryKlippsten #SatoshiNakamoto #BTC
🚀 Procolored Printer Drivers Found with Cryptocurrency Theft Backdoor
#Procolored #PrinterDrivers #CryptocurrencyTheft #Backdoor #Investigation #Bitcoin #Cybersecurity #DataBreach #USBDrive #CloudStorage #BTC
According to Odaily, a backdoor in the official drivers provided by printer company Procolored has been discovered, leading to the theft of at least 9.3 bitcoins. Investigations reveal that the backdoor originated from a USB drive used internally by Procolored, which was subsequently uploaded to a cloud storage platform for global user access, resulting in widespread distribution.#Procolored #PrinterDrivers #CryptocurrencyTheft #Backdoor #Investigation #Bitcoin #Cybersecurity #DataBreach #USBDrive #CloudStorage #BTC
🚀 Digital Asset Inflows Surge for Fifth Consecutive Week
#DigitalAssets #Inflows #CryptoMarket #Bitcoin #Ethereum #PectraUpgrade #InvestmentTrends #CoinShares #MarketSentiment #FinancialNews #BTC #ETH #SOL
According to PANews, the latest CoinShares weekly report reveals that digital asset inflows reached $785 million last week, marking the fifth consecutive week of inflows. This surge has brought the year-to-date total to $7.5 billion, fully recovering from the outflows experienced between February and March. The United States led with $681 million, followed by Germany with $86.3 million and Hong Kong with $24.2 million, the latter achieving its largest weekly inflow since November last year. Conversely, Sweden, Canada, and Brazil saw outflows of $16.3 million, $13.5 million, and $3.9 million, respectively.
Bitcoin maintained its lead with $557 million in inflows, although this was a slowdown compared to the previous week. Short products recorded $5.8 million in inflows, indicating cautious market sentiment towards the Federal Reserve's hawkish stance. Ethereum emerged as a highlight, with $205 million in weekly inflows, driven by the Pectra upgrade and management changes, bringing its year-to-date inflows to $575 million. Solana was the only ETP product to experience outflows, with a minor net outflow of $8.9 million.#DigitalAssets #Inflows #CryptoMarket #Bitcoin #Ethereum #PectraUpgrade #InvestmentTrends #CoinShares #MarketSentiment #FinancialNews #BTC #ETH #SOL
🚀 Market Sentiment Shows Divergence in Funding Rates
#MarketSentiment #FundingRates #Cryptocurrency #CentralizedExchanges #DecentralizedExchanges #Bearish #Bullish #PerpetualContracts #BlockBeats #Coinglass
According to BlockBeats, recent data from Coinglass indicates a divergence in market sentiment among major centralized and decentralized exchanges, with bearish and neutral outlooks coexisting. The funding rates for mainstream cryptocurrencies reflect this trend.
Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the platform charging a fee, to adjust the cost or profit of holding contracts, ensuring contract prices remain close to asset prices.
A funding rate of 0.01% signifies a baseline rate. When the rate exceeds 0.01%, it suggests a generally bullish market sentiment. Conversely, a rate below 0.005% indicates a predominantly bearish market outlook.#MarketSentiment #FundingRates #Cryptocurrency #CentralizedExchanges #DecentralizedExchanges #Bearish #Bullish #PerpetualContracts #BlockBeats #Coinglass
🚀 European Authorities Dismantle Secret Banking Network Involved in Cryptocurrency Money Laundering
#EuropeanAuthorities #Cryptocurrency #MoneyLaundering #LawEnforcement #Arrests #CashSeizure #FinancialCrimes #DigitalCurrencies #CryptoCrime #ClandestineNetwork
According to Foresight News, European law enforcement agencies have dismantled a clandestine banking network that laundered over $23 million (approximately 21 million euros) using cryptocurrencies. The operation led to the arrest of 17 individuals in Spain, Austria, and Belgium. Among those arrested, individuals of Chinese nationality were responsible for cash collection in Spain, while those of Arab nationality managed international transfers.
Authorities seized approximately $229,600 in cash, $204,960 in cryptocurrencies, luxury vehicles, real estate, cigars, and handbags, with a total value exceeding $3.5 million. This operation highlights the ongoing efforts by European law enforcement to combat financial crimes involving digital currencies.#EuropeanAuthorities #Cryptocurrency #MoneyLaundering #LawEnforcement #Arrests #CashSeizure #FinancialCrimes #DigitalCurrencies #CryptoCrime #ClandestineNetwork
🚀 Federal Reserve's Bostic Suggests Limited Rate Cuts in 2025
#FederalReserve #Bostic #RateCuts #InterestRates #Tariffs #Economy
According to Odaily, Federal Reserve official Raphael Bostic has indicated that the number of interest rate cuts this year will depend on unfolding events, with the specifics of tariffs playing a crucial role. Bostic expressed a preference for only one rate cut this year, citing the time required to fully understand the implications of tariffs.#FederalReserve #Bostic #RateCuts #InterestRates #Tariffs #Economy
🚀 USDC Treasury Mints 250 Million USDC on Solana Blockchain
#USDC #Solana #cryptocurrency #stablecoin #blockchain #SOL
According to PANews, Whale Alert reported that at 19:39 UTC+8 today, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain. This development highlights ongoing activities within the cryptocurrency sector, particularly concerning stablecoin issuance and blockchain utilization.#USDC #Solana #cryptocurrency #stablecoin #blockchain #SOL
🚀 BNB Drops Below 640 USDT with a 0.80% Decrease in 24 Hours
#BNB #USDT #cryptocurrency #trading #Binance #marketdata #pricechange
On May 19, 2025, 11:59 AM(UTC). According to Binance Market Data, BNB has dropped below 640 USDT and is now trading at 639.929993 USDT, with a narrowed 0.80% decrease in 24 hours.#BNB #USDT #cryptocurrency #trading #Binance #marketdata #pricechange
🚀 Strategy Acquires Significant Bitcoin Holdings in May
#Strategy #Bitcoin #Investment #ForesightNews #Cryptocurrency #BitcoinHoldings #BTC
According to Foresight News, Strategy purchased 7,390 bitcoins between May 12 and May 18. The average value of these acquisitions was $103,498 per bitcoin, amounting to a total investment of $764.9 million.#Strategy #Bitcoin #Investment #ForesightNews #Cryptocurrency #BitcoinHoldings #BTC
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a Narrowed 3.75% Decrease in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
On May 19, 2025, 12:23 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,405.070068 USDT, with a narrowed narrowed 3.75% decrease in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
🚀 MicroStrategy Faces Class Action Lawsuit Over Bitcoin Strategy
#MicroStrategy #Bitcoin #ClassActionLawsuit #SecuritiesLaws #MichaelSaylor #PhongLe #AndrewKang #InvestorRights #FinancialOperations #BitcoinVolatility #BTC
According to Foresight News, MicroStrategy, along with its CEO Michael Saylor, CFO Phong Le, and executive Andrew Kang, is facing a class action lawsuit filed in the U.S. District Court for the Eastern District of Virginia. The lawsuit, initiated by plaintiff Anas Hamza on behalf of investors from April 30, 2024, to April 4, 2025, accuses the company of violating securities laws.
The allegations claim that MicroStrategy made false or misleading statements regarding its Bitcoin investment strategy and the expected profitability of its financial operations. The lawsuit asserts that the company failed to disclose relevant information about the risks associated with Bitcoin volatility and the potential losses that could be recognized under new accounting standards.
MicroStrategy has stated its intention to vigorously defend against the lawsuit but has acknowledged that it is currently unable to predict the outcome or estimate potential losses.#MicroStrategy #Bitcoin #ClassActionLawsuit #SecuritiesLaws #MichaelSaylor #PhongLe #AndrewKang #InvestorRights #FinancialOperations #BitcoinVolatility #BTC
🚀 Australian Court Ruling May Lead to Significant Bitcoin Tax Refunds
#Australia #Bitcoin #TaxRefund #CourtRuling #Cryptocurrency #Taxation #CapitalGainsTax #Judge #Victoria #BitcoinTraders #BTC
According to Odaily, a recent court ruling in Australia could result in a $640 million tax refund related to Bitcoin. Judge Michael O'Connell of Victoria ruled in a theft case involving 81.6 Bitcoins, valued at approximately $13 million, that Bitcoin should be considered currency rather than a taxable asset. This decision challenges the Australian Taxation Office's (ATO) stance since 2014, which has classified cryptocurrencies as capital gains tax (CGT) assets.
Tax lawyer Adrian Cartland noted that if the ruling is upheld on appeal, Bitcoin traders could receive refunds totaling 1 billion Australian dollars, or about $640 million. The ATO has not yet confirmed the specific refund amount. Notably, the judge compared Bitcoin to the Australian dollar rather than stocks or gold, suggesting that Bitcoin transactions might be exempt from the current CGT framework.
Previously, the ATO required that any disposal of Bitcoin, including converting it to fiat currency, trading it for other cryptocurrencies, or purchasing goods, constituted a CGT taxable event.#Australia #Bitcoin #TaxRefund #CourtRuling #Cryptocurrency #Taxation #CapitalGainsTax #Judge #Victoria #BitcoinTraders #BTC
🚀 SEC to Review Private Fund Investment Rules and Evaluate CAT
#SEC #PrivateFunds #InvestmentRules #ConsolidatedAuditTrail #PaulAtkins
According to Odaily, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins announced that the SEC will review the investment rules for private funds. Additionally, the commission plans to evaluate the Consolidated Audit Trail (CAT).#SEC #PrivateFunds #InvestmentRules #ConsolidatedAuditTrail #PaulAtkins
🚀 Defillama Founder Comments on Strategy Lawsuit Over Bitcoin Losses
#Defillama #Bitcoin #Strategy #lawsuit #investment #crypto #BTC
According to BlockBeats, Defillama founder 0xngmi has commented on the collective lawsuit against Strategy, stating that the lawsuit appears to be based on complaints that Strategy underestimated potential losses during Bitcoin's decline. He remarked that if one invests in a company that claims to offer 'Bitcoin leverage,' the consequences of Bitcoin's downturn should be expected and are quite evident.#Defillama #Bitcoin #Strategy #lawsuit #investment #crypto #BTC
🚀 Federal Reserve's Williams Highlights Positive Economic Data and Employment Balance
#FederalReserve #Williams #EconomicData #Employment #LaborMarket #FullEmployment
According to Odaily, Federal Reserve official Williams has noted that recent economic data is very promising. He stated that the economy is nearing full employment, and the labor market is largely balanced.#FederalReserve #Williams #EconomicData #Employment #LaborMarket #FullEmployment