Bitcoin Price Surge: Bitcoin has reached a 70-day peak, trading above $97,000. This surge is attributed to the stock market's rebound and the possibility of a US-China trade deal ¹.
-💥 Kraken Revenue: Kraken exchange has reported a revenue of $472 million in Q1 2025, a 19% year-over-year increase ².
⏳Regulatory Updates
📌- UK FCA Seeks Public Input: The UK's Financial Conduct Authority (FCA) is seeking public feedback on staking, lending, and DeFi regulations ².
- 🚨FinCEN Action: The US Treasury's financial crimes arm has proposed removing the Huione Group, a Cambodia-based financial conglomerate, from the US financial system due to alleged crypto laundering ties ².
💫Project Updates
- 🔷Immutable Token Surge: Immutable's native token, $IMX, has surged 24% in a 4-hour rally, reaching a market capitalization of over $1.1 billion ².
-♦️ Playtron's Game Dollar: Playtron has announced the launch of Game Dollar, a stablecoin for gaming payments, in collaboration with M0 and Bridge ².
📈Other News
-🩸 WEMIX Price Plunge: WEMIX, the native cryptocurrency of South Korean gaming firm Wemade, has plunged 60% after major Korean exchanges announced its delisting ².
-💫 Fold Rings Nasdaq Bell: Fold, a Bitcoin rewards and payments platform, has rung the Nasdaq Opening Bell to celebrate its public listing