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Solana Mobile made two announcements focused on disrupting the current mobile phone ecosystem: Its second hardware development, the Seeker phone, will begin shipping on August 4. Along with it, a new platform called TEEPIN will also debut, featuring an ecosystem token at its center.

Solana Mobile Launches TEEPIN, Announces Shipping Date for Seeker
Solana Mobile has reached a milestone by entering the shipping stages of its second hardware development, the Seeker phone. The company announced that it will begin distribution to buyers on August 4.
The Seeker, which was first known as Chapter Two during its pre-order stages, was announced in January 2024 as the successor of Saga, Solana Mobile’s first phone, launched in April 2023. At least 100k phones were ordered, with more than half being paid for with stablecoins.
With this move, the company is taking advantage of its new position, also debuting its Trusted Execution Environment Platform Infrastructure Network (TEEPIN) architecture to defy the current mobile duopoly. The platform aims to build an open challenger to the current ecosystems managed by gatekeepers, who can control the monetization and apps permissioned to reach each mobile phone.
Emmett Hollyer, General Manager of Solana Mobile, referred to the goals of this new proposal. On social media, he stated:
Current mobile ecosystems weren’t built for the web3 economy. Users have a clunky experience and limited access to real innovation. Devs are stuck playing by arbitrary rules and pay exorbitant fees.
TEEPIN encompasses three different layers: hardware, distribution, and verification, allowing decentralized apps to reach users worldwide without excessive restrictions or fees. Solana Mobile also announced SKR, the token that will enable economic transactions in this new ecosystem.
Hollyer also stated that the company will decentralize the control of its dapp ecosystem, delivering control and curation to users. In the same way, he revealed that they plan to keep growing and expand access to their platform to other devices, stressing that they are “excited” to work with OEMs to implement their software on more platforms.

#binance #wendy #solana $SOL

In the first quarter of 2025, XRP’s market capitalization grew by 1.9%, reaching $121.6 billion, while the combined market cap of bitcoin, ethereum, and solana fell by 22%. All network metrics for XRP improved for the second consecutive quarter, with average daily active addresses increasing by 142% to 134,600.

XRP Metrics Improve for Second Consecutive Quarter
XRP’s market capitalization remained nearly flat in the first quarter of 2025, growing by just 1.9%, according to the latest Messari XRP Ledger Q1 2025 report. However, it still outperformed the combined market cap of bitcoin ( BTC), ethereum ( ETH), and solana ( SOL), which declined by 22% quarter over quarter (QoQ).
With this marginal increase, XRP’s market cap rose to $121.6 billion, maintaining its position as the fourth-largest digital asset. For context, XRP’s market capitalization at the end of Q1 2024 stood at $34.6 billion.
Despite its modest market cap growth, XRP saw all measured network metrics improve for the second consecutive quarter. Among the most notable, average daily active addresses surged by 142% QoQ to 134,600, indicating an increase in both new and existing users, according to Messari. Total new addresses grew 12% to 568,300, marking a 210% year-over-year (YoY) increase from 183,200 in Q1 2024.
Meanwhile, active receiver addresses, which provide insight into network demand and adoption, continued their upward trajectory, growing 168% from 47,700 to 127,800. By contrast, average daily senders increased by just 14.5%, from 30,000 to 34,300. Messari suggests this discrepancy may indicate that more previously inactive wallets received tokens than there were senders distributing them.
Key Factors Driving XRP’s Growth
Several factors helped propel XRP Ledger’s network metrics, including a social media post by U.S. President Donald Trump hinting at the possible inclusion of XRP in the Crypto Strategic Reserve. Additionally, the proposed settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple is thought to have played a key role in supporting network growth during the quarter.
According to Messari, Ripple’s USD-pegged stablecoin RLUSD, launched Dec. 17, 2024, closed the quarter with a combined market cap of $244.2 million across XRPL and Ethereum. While this figure remains small compared to USDT and USDC, its listing on platforms such as Bitstamp and Moonpay suggests RLUSD may be on course to capture market share from more established stablecoins.
The report highlights multiple proposed amendments aimed at enabling regulatorily compliant institutions to adopt decentralized finance (DeFi) use cases on XRPL. As these amendments take effect, XRP Ledger will see further growth in Q2, driven by institutional adoption, strategic partnerships, and acquisitions.
Beyond Q2, the upcoming amendment enabling smart escrows in Q3 and the full smart contract devnet amendment in Q4 are expected to help XRP sustain its momentum beyond 2025.

#binance #wendy $XRP

Markets are flashing warning signs as long-term U.S. Treasury yields spike, bond auctions falter, and prediction markets show rising odds of economic trouble ahead.

Treasury Market Signals Mounting Fiscal Anxiety
The 30-year U.S. Treasury bond yield surged to 5.18% on Thursday—its highest point since 2023—before easing slightly later in the session. The benchmark 10-year yield also climbed, hitting 4.593%. These movements have significant implications for borrowing costs across the economy, especially as they come on the heels of a weak 20-year bond auction and rising concerns about U.S. fiscal health.

The May 21 auction of $16 billion in 20-year bonds was met with tepid demand, producing a high yield of 5.047%—above pre-auction expectations. The bid-to-cover ratio fell to 2.46, the lowest since February, signaling softer investor appetite. The outcome sparked a market reaction: yields on 20-year bonds jumped to 5.127%, stocks slid, and the Dow Jones Industrial Average dropped nearly 800 points on Wednesday. The Dow and three other major U.S. indexes remained flat on Thursday.
Investor sentiment has been rattled by mounting U.S. debt levels, an ongoing debate over a new tax-and-spending package, and recent credit downgrades by Moody’s, Fitch and Standard & Poor’s. These concerns appear to be weighing heavily on confidence in long-term U.S. fiscal stability, with some traders demanding higher returns to hold government debt.
Prediction markets are also signaling rising anxiety. According to Polymarket, traders now place a 40% probability on a U.S. recession in 2025—a 21 percentage point jump in recent weeks. That figure reflects growing fears that higher borrowing costs, tariff-related inflation, and government spending risks could trigger an economic contraction.
Despite these signals, Polymarket speculators expect the Federal Reserve to keep rates unchanged in June. Polymarket odds show a 92% chance the Fed holds steady, with only a 7% chance of a 25 basis point cut and less than 1% odds of either a larger cut or rate hike.

On Thursday, bitcoin ( BTC) tapped exactly $112,000 on Bitstamp, reaching an all-time price high.
Reports noted, however, that foreign investors showed solid participation in the latest bond sale, accounting for 69% of indirect bids. But the 20-year bond’s lower liquidity and benchmark status compared to 10- or 30-year maturities may have added to the weaker overall demand.

Gold has risen 2% against the U.S. dollar over the last week.
As borrowing costs rise and fiscal pressures mount, both markets and forecasting tools are hinting that the economic foundation may be less stable than it appears. Meanwhile, both bitcoin and gold have held their ground in the aftermath of the lackluster 20-year Treasury auction—gold gleaming in its usual safe-haven role, while bitcoin proved sturdier than stocks, even if its path was a bit bumpier.
Gold’s climb to record highs and bitcoin’s knack for dodging steep drops amid market chaos hint that both assets are managing the economic jitters with surprising poise, though they carry distinctly different levels of risk.

#binance #wendy #BTC $BTC

A new research report by River reveals that nearly 50 million Americans, or 14.3% of the population, own bitcoin, the highest ownership rate of any geographical region. Additionally, the report highlights that 32 American public companies, with a combined market capitalization of $1.26 trillion, hold bitcoin as a treasury asset.

Bitcoin Ownership Demographics and Corporate Adoption
According to a new research report by River, nearly 50 million Americans—14.3% of the country’s population—own bitcoin ( BTC). This proportion is the highest of any region and is more than three percentage points higher than North America’s overall ownership rate of 10.7%.
The report attributes two major factors—access and culture—as key reasons why U.S. citizens are more likely to own bitcoin than those in other developed economies. The reports that the United States’ “deep-rooted” culture of entrepreneurship, individual investing, and financial freedom has led to early adoption of BTC. Additionally, the widespread availability of bitcoin and the absence of accreditation requirements for cryptocurrency investments have made Americans more inclined to invest in BTC than other nationalities.

The research also shows that interest in or ownership of BTC is not driven by ideology, race, ethnicity, or religion. However, data suggests that males and younger Americans hold the most BTC compared to other demographic groups. The River report also supports the idea that U.S. corporations, including publicly listed companies, increasingly view bitcoin as a legitimate treasury asset.
“Thirty-two American public companies, representing a combined market capitalization of $1.26 trillion, hold Bitcoin as a treasury asset. These companies account for 94.8% of all Bitcoin owned by publicly traded firms worldwide,” the River report states.
ETF Adoption and Bitcoin’s Broader Impact
The introduction of bitcoin exchange-traded funds (ETFs) in early 2024 provided individual investors and even pension funds with exposure to BTC. The report indicates that more than half of America’s 25 largest hedge funds and investment advisors now hold bitcoin via ETFs.
Beyond its widespread ownership, bitcoin is fueling a broader financial debate about whether it or gold is the ideal asset to hold in times of economic uncertainty. Additionally, bitcoin has contributed to job creation, with more than 20,000 Americans currently employed by over 150 bitcoin-related companies.

Regarding bitcoin mining, the report states that the United States accounts for 36% of the global hashrate, more than twice China’s share. America’s hashrate dominance has increased by more than 500% since 2020.

#binance #wendy #USA $BTC

XRP just got a Wall Street upgrade as two powerful ETFs hit Nasdaq, giving traders unmatched access without the crypto hassle.

Volatility Shares Launches XRP-Backed ETFs With Direct and 2x Exposure
Volatility Shares introduced two new exchange-traded funds (ETFs) on May 22—XRPI and XRPT—marking a significant milestone for investors seeking streamlined access to XRP markets through conventional brokerage accounts. The funds, listed on Nasdaq, are designed to provide exposure to XRP price movements without the technical burdens typically associated with digital asset investments. XRPI offers 1:1 price tracking, while XRPT delivers leveraged 2x daily exposure to XRP’s performance, each tailored to different investment strategies.
In a statement outlining the fund’s goals, Volatility Shares emphasized XRPI’s simplified structure for traditional investors:
XRPI eliminates the barriers of direct cryptocurrency investment—no digital wallets to manage, no private keys to secure, no crypto exchanges to navigate, and no complicated tax reporting.
This ETF seeks to provide a bridge between the growing interest in digital assets and the ease of regulated financial instruments. As of its launch, XRPI traded at a net asset value (NAV) of $15.59 and included futures contracts to replicate XRP’s market behavior, while avoiding direct ownership of the digital currency.
On the other hand, XRPT is intended for short-term traders aiming for higher returns by mirroring double the daily price movements of XRP. Its initial NAV was $15.00, backed by nearly $3 million in XRP futures holdings. Volatility Shares described the fund’s purpose as follows:
XRPT provides sophisticated traders with 2x amplified exposure to XRP price movements without the investment complexities of margin accounts or direct cryptocurrency management.
Although both funds offer entry points into the XRP market via the traditional ETF format, they carry considerable risk, especially due to the volatility of XRP futures. Nonetheless, advocates point out that these ETFs make it easier for mainstream investors to diversify into the digital asset sector without grappling with the operational hurdles of owning cryptocurrency directly.
Rising institutional demand for regulated crypto products has fueled the growth of XRP futures trading. CME Group launched its XRP futures on May 19, offering both standard and micro cash-settled contracts. Momentum also stems from perceived regulatory clarity following the U.S. Securities and Exchange Commission (SEC)’s proposed settlement with Ripple—though the court has not yet approved the deal—leaving final resolution pending but contributing to a more confident trading environment.

#binance #wendy #XRP $XRP

Bitcoin futures and options markets have shattered records this week, with open interest surging to unprecedented levels as traders amplify bullish bets—including speculative calls for prices to hit $300,000.

Traders Flood Bitcoin Derivatives as Futures, Options Volumes Shatter Records
The total open interest in bitcoin futures reached an all-time high of $80.73 billion, representing 723,990 BTC in active contracts, according to coinglass.com’s derivatives data. Futures allow investors to bet on bitcoin’s future price without owning the asset, with gains or losses settled in cash. The surge signals heightened speculation and institutional participation, particularly on regulated platforms like the Chicago Mercantile Exchange (CME), which holds $18.28 billion in open interest—22.64% of the market.

Source: Coinglass
Retail-heavy exchanges such as Binance and Bitget also saw double-digit growth, underscoring global demand across the board. Meanwhile, bitcoin options—contracts granting the right to buy or sell at a set price by a specific date—hit $42.5 billion in notional open interest on Deribit, a leading crypto derivatives platform. The put/call ratio of 0.61 reveals a clear bullish tilt, with traders overwhelmingly favoring calls (bullish bets).
The most active strike prices cluster between $100,000 and $120,000 for June and July expiries, reflecting expectations for a near-term rally. Notably, open interest for $300,000 call options has emerged as a standout, though these contracts represent a minority. Such “out-of-the-money” calls—requiring bitcoin to surge over 350% from current levels—are typically low-cost, high-risk wagers.

Source: Deribit
Their popularity suggests some traders anticipate extreme upside scenarios, potentially driven by macroeconomic shifts or regulatory developments. The futures rally aligns with growing institutional engagement, with CME’s bitcoin open interest rising 2.8% in 24 hours. By contrast, retail-focused platforms like Binance and Whitebit posted sharper gains, up 5.19% and 7.63%, respectively.
Oftentimes, elevated open interest often precedes volatility, as large leveraged positions can amplify price swings. In options markets, June 2025 expiries dominate, with over 65,000 contracts open. The concentration of BTC long-dated calls indicates traders are positioning for sustained upward momentum. While $300,000 strikes remain speculative, their presence showcases the market’s appetite for asymmetric bets—a hallmark of the current risk-on sentiment.
Bitcoin’s derivatives boom mirrors its spot price resurgence, with both markets reflecting optimism about its medium-term trajectory. However, the scale of leveraged activity raises caution flags, as unwinding large positions could exacerbate price declines. For now, the data paints a picture of a market bracing for volatility—and banking on historic gains.

#binance #wendy #BTC $BTC

Safemoon’s explosive rise was fueled by a massive fraud scheme, as its CEO was convicted for looting investor funds, lying about locked liquidity, and laundering millions.

Safemoon CEO Faces 45 Years as Liquidity Pool Lies Lead to Federal Conviction
The U.S. Department of Justice (DOJ) announced on May 21 that Braden John Karony, chief executive officer of the digital asset firm Safemoon LLC, was found guilty by a federal jury in Brooklyn on all three charges in a crypto-fraud case involving the misappropriation of investor funds. Safemoon filed for Chapter 7 bankruptcy in December 2023 after the U.S. Securities and Exchange Commission (SEC) charged it and its executives with fraud.
Karony and his co-conspirators were accused of deceiving Safemoon investors about the accessibility and use of the project’s liquidity pool. As prosecutors explained: “The defendant agreed with his co-conspirators to lie to Safemoon investors about whether Safemoon executives could access the liquidity pool and whether they were using the assets from the liquidity pool for their personal benefit.” The DOJ detailed:
As Safemoon’s market capitalization grew to more than $8 billion, the defendant fraudulently diverted and misappropriated millions of dollars’ worth of liquidity from the Safemoon liquidity pool for their personal benefit.
The case was tried over 12 days before U.S. District Judge Eric R. Komitee. “When sentenced, Karony faces up to 45 years in prison. The jury also issued a verdict to forfeit one residential property and the proceeds from the sale of another residential property, amounting to approximately $2 million,” the Justice Department noted.
Federal officials revealed that Karony exploited investor trust while pretending Safemoon’s infrastructure offered safeguards it did not. Prosecutors established that the executives maintained secret access to the liquidity pools, which were promoted to the public as “locked” and secure from manipulation.
In reality, the funds were used to finance an extravagant lifestyle. United States Attorney Joseph Nocella stated:
As proven at trial, the Safemoon digital asset was anything but safe and turned out to be pie in the sky for investors who were deliberately misled by Karony, a man who sought to get rich quick by stealing and diverting millions of dollars.
“Karony used his scheme to purchase multiple homes, sports cars, custom trucks, and other luxury goods. Today’s guilty verdict should serve as a warning to all would-be fraudsters that my Office will vigorously prosecute individuals like the defendant who victimize digital asset investors and undermine investor confidence in digital assets markets, thereby threatening the stability and growth of these emerging technologies,” Nocella added.
According to investigators, Karony laundered the illicit gains through pseudonymous exchange accounts and private wallets, attempting to cover his tracks. He reportedly acquired over $9 million from the scheme and spent the proceeds on a $2.2 million property in Utah, other residences in Utah and Kansas, and high-end vehicles including multiple Audi R8s, a Tesla, and custom Ford and Jeep trucks. Law enforcement emphasized that the fraudulent conduct involved deliberate concealment and manipulation of cryptocurrency transactions. While Karony awaits sentencing, his associate Thomas Smith has already pleaded guilty, and another co-conspirator, Kyle Nagy, remains at large.

#binance #wendy #bitcoin $BTC

According to Maghnus Mareneck, co-CEO of Interchain Labs, the Colombian government will be testing a still-unannounced CBDC on the Cosmos network. Colombia aims to target cross-border payments with this new CBDC, which has just emerged from stealth with this announcement.

Colombia Hops Onto the CBDC Bandwagon With Stealth CBDC Pilot
Colombia would be the latest country in Latam to experiment with the creation of a central bank digital currency (CBDC). At an interview with The Street, Interchain Labs co-CEO Maghnus Mareneck revealed that they were working with a consortium of banks and the Colombian government in a joint pilot of this still unnamed currency.
While Mareneck was scant on the details of the CBDC, he did reveal that the currency would target a cross-border payments use case and would run on top of Cosmos using IBC Eureka.
Mareneck reinforced the relevance of leveraging Cosmos and IBC Eureka for this project, as they are part of a technology stack that can be harnessed privately by the Colombian government without relying on public infrastructure.
“Imagine you’re a president and you suffer a hack — you’re going to take the blame. So having technology they can understand and change is the most important thing in terms of the security assumptions,” Mareneck stated. “If your blockchain has validators that are all institutions you trust, then you don’t have to trust anyone else except the people that you’re sending assets to,” he added.
The CBDC would be using private and permissioned validators on top of a public network like Cosmos, and the Colombian government would be able to include more validators, like banking institutions, to expand the network.
Colombia’s system follows the trend established by other financial institutions and banks, which have also chosen this route, avoiding building their systems directly on top of public networks.
With this announcement, the project comes out of stealth, and Colombia joins ot

#binance #wendy #BTC $BTC

Hong Kong just turbocharged its digital finance ambitions, locking in a game-changing stablecoin law that mandates licenses, enforces full compliance, and ignites the city’s crypto leadership.

Hong Kong Enacts Licensing Law for Stablecoin Issuers, Ushering in New Era for Crypto Assets
The Hong Kong Monetary Authority (HKMA) announced on May 21 that the Legislative Council had formally passed the Stablecoins Bill, establishing a regulatory framework requiring fiat-referenced stablecoin (FRS) issuers to obtain a license to operate in or outside of Hong Kong if their tokens are linked to the Hong Kong dollar. The initiative is part of the territory’s broader strategy to solidify its position as a leading financial center while fostering a secure environment for virtual asset (VA) innovation.
Under the new ordinance, entities engaged in FRS issuance as a business must adhere to strict compliance protocols. According to the HKMA:
The relevant persons must satisfy the requirements in areas such as reserve asset management and redemption, including proper segregation of client assets, maintaining a robust stabilisation mechanism, and processing stablecoin holders’ requests for redemption at par value with reasonable conditions.
“The relevant persons must also comply with a range of requirements, including those on anti-money laundering and counter-terrorist financing, risk management, disclosure and auditing, and fitness and propriety. The MA will conduct further consultations on the detailed regulatory requirements of the regime in due course,” the regulator added. Only specified licensed institutions will be permitted to offer FRS to retail users, and all advertisements related to stablecoins must also originate from licensed issuers—even during the initial six-month transitional period.
HKMA Chief Executive Eddie Yue emphasized the framework’s role in balancing growth and oversight:
The Ordinance has established a risk-based, pragmatic, and flexible regulatory regime. We believe that a robust and fit-for-purpose regulatory environment would provide favourable conditions to support the healthy, responsible, and sustainable development of Hong Kong’s stablecoin and the broader digital asset ecosystem.
Only licensed entities will be permitted to offer FRS to retail investors or advertise such offerings in Hong Kong, including during the initial six-month non-contravention period. Secretary for Financial Services and the Treasury Christopher Hui remarked that the legislation adheres to the “same activity, same risks, same regulation” principle and would “lay a solid foundation for Hong Kong’s virtual asset market.” The government has also signaled future policy developments, including consultations on virtual asset over-the-counter and custodian services, as it continues efforts to support and regulate the VA sector.

#binance #wendy #BTC #Hongkong $BTC

An Australian regulator announced plans to seek special leave from the High Court to appeal a recent ruling that determined cryptocurrency firm Block Earner’s offering was not a financial product.

ASIC Seeks Definitive Ruling on What Constitutes a Financial Product
The Australian Securities and Investments Commission (ASIC) has announced that it will seek special leave from the High Court to appeal a recent decision that determined cryptocurrency firm Block Earner’s offering was not a financial product. The regulator is asking the court to issue a definitive ruling on what constitutes a financial product.
ASIC also wants the High Court to clarify regulations for interest-earning products and those involving asset conversions, arguing that such clarification is critical for both crypto and non-crypto financial products.
“The definition of financial product was drafted in a broad and technology-neutral way, and ASIC believes it is in the public interest to clarify this. This clarification is important as it applies to all financial products and services, whether they involve crypto-assets or not,” ASIC said in a statement.
The regulator’s announcement marks the latest development in its legal battle with Block Earner, which had previously secured a ruling relieving it from liability to pay a penalty for offering its Earner product.
As reported by Bitcoin.com News in June 2024, an Australian Federal Court judge ruled that Block Earner had “acted honestly and not carelessly,” and therefore could not be compelled to pay a pecuniary fine.
Days later, ASIC—which was heavily criticized by the Federal Court—appealed the ruling absolving Block Earner of liability. In response, Block Earner cross-appealed the court’s decision, arguing that it should not be required to obtain a financial services license to offer its Earner product.
Both appeals were heard on March 6, 2025, and on April 22, 2025, the Full Federal Court ruled in favor of Block Earner’s cross-appeal while dismissing ASIC’s appeal. According to ASIC’s statement, the High Court will consider its application for special leave at a future date to be determined.

#binance #wendy #BTC $BTC

Bitcoin’s new all-time high on May 22 briefly pushed its market capitalization above $2.2 trillion, allowing the cryptocurrency to overtake Amazon and drive the total crypto market past Microsoft’s market capitalization of $3.39 trillion.

Bitcoin’s 7-Day Gain Approaches 10%
On May 22, bitcoin’s market capitalization briefly surpassed the $2.2 trillion mark after the top cryptocurrency hit a new all-time high of just over $111,500. This impressive milestone propelled bitcoin ( BTC) ahead of Jeff Bezos’ Amazon, whose market cap stood around $2.17 trillion on the same day. Additionally, this achievement helped push the crypto economy’s market cap past the $3.6 trillion mark, surpassing Microsoft’s market cap of $3.39 trillion.

According to data from Coingecko, bitcoin’s rally brought its 24-hour and seven-day gains to just over 3% and nearly 10%, respectively. At that price, the cryptocurrency traded more than $1,000 above its January 20 peak, which coincided with the inauguration of pro-crypto Donald Trump as U.S. President.
This latest rally appears to be fueled by the growing adoption of bitcoin as a treasury asset by publicly listed companies. As recently reported by Bitcoin.com News and other media outlets, more companies announced for the first time that they were adding bitcoin to their treasury assets. Meanwhile, pioneering bitcoin-adopting companies, including Michael Saylor’s Strategy and the Japanese-listed entity Metaplanet, continued to increase their BTC holdings.
In addition to enhancing the appeal of BTC, the purchase of the cryptocurrency by an increasing number of corporations is seen as shrinking the supply of bitcoins available on the open market. Proponents of the crypto asset argue that this mismatch in the supply and demand will inevitably lead to an increase in BTC’s fiat value.
Meanwhile, unlike in mid-April, when it appeared to be correlated with traditional markets, BTC has bucked the trend, gaining more than $35,000 since April 9, when it dropped to just over $75,000. At the time of writing, BTC’s year-to-date gain stood at nearly 18%, making it one of the best-performing assets in 2025 so far.

#binance #wendy #BTC $BTC

Binance announced that its customers in Brazil will be able to make payments using their cryptocurrency balances at millions of businesses through the Pix system. This development increases the usability of crypto in the country, allowing users to save and spend directly in crypto.

Binance Revolutionizes Crypto Payments in Brazil With Pix Integration
Binance has taken a step to increase the functionality offered to users in Brazil, positioning itself as a payments processor in the country. The exchange disclosed that it had integrated Pix payments in Binance Pay, allowing its users to pay across a network of millions of businesses.
The new feature will allow crypto users to make everyday payments with crypto directly to these businesses, with Pay handling the conversion from crypto to Brazilian reais seamlessly. The payment functionality targets crypto-centric users, who can use the over 100 cryptocurrencies supported directly to make everyday purchases, such as groceries or gas, and pay using Binance’s platform.
According to the Central Bank of Brazil, Pix has already positioned itself as the most used payment method in the country, even surpassing cash and other digital payments.
Binance CEO Richard Teng remarked on the relevance of this new integration for the local crypto community. He stated this “marks a revolutionary step forward, combining the speed and accessibility of Brazil’s instant payment system with the global reach and innovation of Binance.”
Guilherme Nazar, Binance’s regional vice president for Latin America, stressed this was a milestone for the exchange, marking the first integration of Binance Pay with a national payment system.
He declared:
This launch makes cryptocurrencies more accessible and usable in everyday life, and reflects Binance’s commitment to customizing its global products to meet the demands of our local users.
This achievement follows the approval of the purchase of Sim;paul Investimentos in January, a move that gave Binance the possibility to offer a new suite of products, including securities and stocks, directly to its customers.

#binance #wendy #bitcoin $BTC

Robert Kiyosaki warns the U.S. credit downgrade could ignite economic collapse, making bitcoin, gold, and silver essential shields against a failing financial system.

Robert Kiyosaki Recommends ‘Saving Real Gold and Silver and Today Bitcoin’
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has weighed in on the recent downgrade of U.S. debt by Moody’s. His book has remained a global bestseller for over two decades, translated into dozens of languages and read by millions around the world seeking financial education. Kiyosaki shared on social media platform X on May 19:
A Moody’s downgrade will probably mean higher interest rates which means a U.S. in recession, which means the economy will slow, unemployment will climb, bond market, housing market, and weak banks may fail… which may mean 1929 depression.
The acclaimed author compared the downgrade to a red flag signaling an economic unraveling. Drawing parallels to the 1929 crash, Kiyosaki warned that rising interest rates could spark a recession, triggering widespread financial damage across sectors like housing, banking, and employment.
Referencing insights from economist and friend Jim Rickards, he noted: “According to Jim Rickards, the next crisis will be triggered by the collapse of $1.6 trillion in student loan debt.” Kiyosaki emphasized that the crash he predicted over a decade ago is already underway: “The crash I warned about in Rich Dad’s Prophecy in 2012 has begun.”
The renowned author has urged individuals to abandon reliance on fiat money, job security, and traditional retirement plans. Instead, he doubled down on his long-standing advice to invest in real assets, advising:
I also recommended saving real gold and silver and today bitcoin.
Rejecting paper assets and exchange-traded funds (ETFs), Kiyosaki offered clear guidance: “You bail you and your family out by saving real gold, silver, and bitcoin… No ETFs.” He concluded with a stark but empowering reminder: “Please take care… bail yourself out by saving real gold, silver, and bitcoin.” Kiyosaki has consistently warned about the fragility of fiat currencies and the risks tied to the U.S. dollar. In his view, financial resilience begins with entrepreneurship and storing wealth in hard assets, especially in times of economic crisis.

#binance #wendy #BTC $BTC

U.S. authorities dismantled key infrastructure behind major crypto credential thefts, seizing domains used to control malware that looted millions of wallets and logins.

DOJ Shuts off Access to Stolen Crypto Wallet Data in Federal Domain Seizure
The U.S. Department of Justice (DOJ) announced on May 21 that it has seized five domains linked to the distribution and operation of LummaC2, a widely used information-stealing malware, as part of an effort to disrupt cybercrime targeting sensitive online data, including cryptocurrency credentials. According to court filings, LummaC2 was offered as a malware-as-a-service tool that enabled cybercriminals to steal login credentials, browser-stored information, and other personal data. The seizures, which took place on May 19 and 20, dismantled infrastructure that facilitated access to stolen data and deployment of the malware.
The malware was used to extract a range of personal information, including crypto-related access credentials. Matthew R. Galeotti, head of the DOJ’s Criminal Division, explained:
Malware like LummaC2 is deployed to steal sensitive information such as user login credentials from millions of victims in order to facilitate a host of crimes, including fraudulent bank transfers and cryptocurrency theft.
The court affidavit supporting the domain seizure described the specific kinds of data targeted, stating: “Common targets for cybercriminals using malware like LummaC2 include browser data, autofill information, login credentials for accessing email and banking services, as well as cryptocurrency seed phrases, which permit access to virtual currency wallets.” The FBI identified at least 1.7 million instances of the malware being used to harvest such data.
In parallel with the DOJ’s domain seizure, Microsoft launched a civil action to disrupt an additional 2,300 domains allegedly connected to LummaC2 operators or their affiliates. The domains seized by the DOJ functioned as “user panels,” where LummaC2 users could manage infections and stolen data. Visitors to these sites now see a federal seizure notice. The DOJ also highlighted the State Department’s Rewards for Justice program, which offers up to $10 million for information on foreign state-linked cyber activity that targets U.S. critical infrastructure, including incidents that may involve crypto-related threats.

#binance #wendy #BTC $BTC

On Wednesday, the leading crypto asset bitcoin, vaulted over another price barrier, reaching $110,730 per coin.

Bitcoin Rockets to $110,730 — Is the Next Stop a Moonshot?
Throughout the day, bitcoin tapped fresh highs multiple times, with the latest peak hitting $110,730 per unit. At that point, BTC appeared to settle, hovering just below the $110,000 level at 8:58 p.m.. The top digital asset has soared 47.82% since bottoming out at $74,434 on April 6—an upswing of over $35,000 into the current range.

BTC/USD 1-hour chart on May 21, 2025, following the 7:15 p.m. all-time high of $110,730 per unit.
Bitstamp logged the $110,730 milestone at exactly 7:15 p.m. Eastern on May 21. Bitfinex analysts credited the rally to steady, organic buying pressure in the spot market. “This move has initially been a squeeze—since we moved up on short liquidations and the first break can be reversed on lower timeframes,” analysts at Bitfinex told our newsdesk.
The market strategists added:
However when we refer to our rally from 75k until now, it’s driven by clean spot demand, ETF inflows, and a macro backdrop that continues to favour risk-on assets. The recent geopolitical de-escalation (Russia–Ukraine), dovish undertones from global central banks, and softening inflation prints have all created an ideal environment for bitcoin to act as a macro momentum asset.
Bitcoin’s surge reflects its deepening integration into mainstream finance, fueled by structural shifts like institutional exchange-traded fund (ETF) participation and macroeconomic recalibration. The rally’s foundation in spot demand—rather than leveraged speculation—hints at enduring confidence, though vulnerabilities persist. As global liquidity conditions evolve, bitcoin’s dual identity as a risk asset and inflation hedge faces tests, balancing speculative fervor with its nascent role in diversified portfolios.
“From here, the next zones to watch are $114K–$118K (minor liquidity walls) and then $123K–$125K, where large options open interest is building,” the Bitfinex analysts concluded in their note on Wednesday. “As long as ETF flows hold and macro doesn’t deliver a shock, this rally has room to extend. Pullbacks should be seen as entry opportunities—not signs of reversal.”

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The cryptocurrency climbed to $109,767.52, its highest price ever, even as traditional markets cooled due to concerns over sovereign debt.

BTC Soars to Record High Amid Stock Market Slump and Rising Yields
As the U.S. grapples with record levels of unwieldy debt, rising bond yields, and a choppy stock market, bitcoin ( BTC) has quietly recorded its highest price ever, breaking the $109K barrier on Wednesday morning for the first time since its previous all-time high in January.
Republican lawmakers are currently bickering over President Donald Trump’s so-called “big, beautiful bill,” a 1,116-page document that will deliver tax cuts to the tune of $4 to $5 trillion according to some outlets. The Congressional Budget Office says the bill, if passed, would subsequently heap on another $3.8 trillion to the country’s debt which is fast approaching $37 trillion.
The ever-increasing debt levels have triggered a jump in bond yields, with the 30-year treasury yield topping 5%. Stock market performance has been mixed, with the Nasdaq gaining 0.19% while the S&P 500 and the Dow both dropped 0.30% and 0.86% respectively, as per CNBC. But with bitcoin roaring past $109K, crypto markets climbed 3.96%, reaching a $3.44 trillion market capitalization, according to Coinmarketcap.

(30-Year Treasury bond yield / CNBC)
“If you’re not buying bitcoin at the all-time high, you’re leaving money on the table,” said Michael Saylor, Chairman of software firm turned bitcoin treasury pioneer, Strategy.
Overview of Market Metrics
Bitcoin surged to an all-time high of $109,767.52 but is currently trading at $107,051.33 after a slight pullback. The cryptocurrency has posted a 0.80% gain over the past 24 hours and appreciated 3.82% over a seven-day period, according to Coinmarketcap. BTC has been trading between $105,250.50 and $109,767.52, ultimately breaking through key resistance levels and its market capitalization now stands at $2.12 trillion, up 0.70% since yesterday.

( BTC price / Trading View)
The asset’s rally triggered a 34.67% jump in trading activity, with 24-hour volume rising to $66.92 billion. Bitcoin’s price appreciation has also bumped up its market dominance, which edged higher to 64.15%, up 0.13 percentage points since yesterday. Open interest in BTC futures climbed 11.18% to $79.84 billion, suggesting that derivatives traders are increasingly positioning for further price movement.

( BTC dominance / Trading View)
Data from Coinglass painted a grim picture for bearish traders. Total liquidations over the past 24 hours amounted to $15.01 million, with a hefty $14.23 million wiped from short positions. Longs accounted for just $785,920 in liquidations, highlighting how bears were punished for betting in the wrong direction during the historic rally.

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On Wednesday, bitcoin decisively eclipsed its previous all-time peak set on Jan. 20, 2025. The cryptocurrency reached an unprecedented milestone on May 21, touching $109,495 per coin.
Bitcoin notched a fresh all-time high of $109,495 on Wednesday, adding yet another milestone to its meteoric trajectory. The digital asset has climbed 4.4% against the U.S. dollar in the past 24 hours and is up 25% over the last 30 days. Binance, Bybit, and Bitget ranked as the most active trading venues during the day’s rally.

At prevailing prices, bitcoin’s market capitalization hovers at $2.145 trillion, placing it as the world’s fifth most valuable asset—just behind Apple, which holds a valuation of $3.089 trillion.

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Bitcoin is trading at $106,724, reflecting a resilient uptrend amid considerable intraday volatility. With a market capitalization of $2.117 trillion and a 24-hour trading volume of $37.43 billion, bitcoin fluctuated within a tight range between $104,386 and $108,035.

Bitcoin
In the daily timeframe, bitcoin continues to uphold a strong bullish structure, having rallied from approximately $83,100 to a recent high of $108,035. Price action shows tight consolidation just below resistance at $108,500, suggesting potential accumulation. The relative strength index (RSI) at 71 and the Stochastic at 91 signal overbought conditions, urging caution among momentum traders. However, with exponential moving averages (EMA) and simple moving averages (SMA) across all short- to long-term durations—from the 10-period to the 200-period—indicating positive sentiment, the underlying trend remains firmly bullish.

Bitcoin daily chart via Bitstamp on May 21, 2025.
The 4-hour chart reflects heightened intraday volatility, marked by a recent dip to $102,126 and a rapid rebound to $108,035. Currently, bitcoin is forming a consolidation base between $106,500 and $107,000, where strong buying interest is reemerging. Momentum oscillators reveal a mixed sentiment: while the momentum indicator supports buying with a value of 2,622, the moving average convergence divergence (MACD) signals selling with a value of 3,725.

Bitcoin four-hour chart via Bitstamp on May 21, 2025.
On the 1-hour chart, the market displayed a rejection at $108,035 followed by a pullback to approximately $106,300, where a minor recovery appears underway. The intraday support range lies between $106,300 and $106,500, with resistance clustered from $107,500 to $108,000. Oscillators remain neutral to bearish in this timeframe, further reinforcing the cautious approach for scalpers and day traders.

Bitcoin one-hour chart via Bitstamp on May 21, 2025.
The combination of technical indicators and price structure across timeframes confirms that bitcoin is in a macro bullish phase, though currently facing short-term resistance. Most moving averages—from 10-period to 200-period—advocate for continued accumulation, bolstering the broader trend. However, oscillators like the RSI and Stochastic flashing bearish alerts point to an overheated market, especially in the short term. This discrepancy between trend-following and momentum indicators suggests a potential consolidation or minor retracement before the next leg higher. Volume analysis also supports this outlook, with strong demand returning on dips and sellers stepping in near resistance.
In summary, while bitcoin maintains upward momentum supported by favorable moving averages, near-term price action demands careful trade management. Traders should watch for a decisive move above $108,500 or a confirmed support retest around $104,000 for reliable entries. Oscillator divergences and tight consolidation range suggest increased volatility and the need for disciplined stop-loss strategies. With institutional and retail interest sustaining high volume levels, bitcoin remains technically strong but not without short-term risk signals.
Bull Verdict:
Bitcoin remains structurally bullish across all major timeframes, supported by a unanimous buy signal across exponential and simple moving averages from the 10-period to the 200-period. If buyers manage a breakout above the $108,500 resistance with sustained volume, the uptrend is likely to accelerate, opening the path to new all-time highs.
Bear Verdict:
Despite the prevailing uptrend, overbought signals from the relative strength index and Stochastic highlight growing downside risk. If bitcoin fails to hold above $105,500 and breaks below the $104,000 support zone, the market could shift toward a deeper retracement, invalidating the bullish structure in the short term.

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Crypto regulation is entering a new era as the SEC commits to ditching aggressive enforcement in favor of crystal-clear rules, unleashing long-awaited momentum for blockchain innovation.

Crypto Gets Regulatory Reset as SEC Chair Paul Atkins Prioritizes Clarity Over Crackdowns
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins delivered a pointed message to lawmakers during his May 20 testimony before the House Appropriations Subcommittee on Financial Services and General Government: the agency is taking a new direction on crypto. Just weeks into his tenure, Atkins detailed an overhaul of how the SEC will approach digital asset markets, promising clarity and fairness for entrepreneurs and investors alike.
Central to Atkins’ remarks was a shift away from using enforcement actions as a primary tool to shape crypto policy. He made clear that rules will now be created through proper channels. Atkins stated:
A key priority of my chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law.
“Clear rules of the road are necessary for investor protection against fraud—not the least to help them identify scams that do not comport with the law,” the SEC chair added. He underscored that enforcement should be used to uphold established obligations, not invent them.
Atkins praised the SEC’s Crypto Task Force, formed earlier this year by Commissioners Mark Uyeda and Hester Peirce, as an example of internal collaboration that’s helping bring long-awaited clarity to the sector. The Task Force is charged with crafting a coherent framework to regulate crypto markets in a way that fosters innovation while protecting investors. The SEC chief explained:
The task force has held four roundtables so far on further defining security status, tailoring regulation for crypto trading, custody considerations, and tokenization. I look forward to the input from industry and additional public feedback during the next roundtable on decentralized finance.
In addition to policy development, Atkins also proposed structural changes within the SEC to integrate innovation across all divisions, including plans to disband the Strategic Hub for Innovation and Financial Technology. He argued that forward-looking policies should not be the domain of a small office but part of the agency’s broader mission. His vision signals a major philosophical and procedural shift, one that seeks to balance robust investor protections with a market environment conducive to responsible blockchain innovation.

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