Day: May 6, 2025

Tether Launches USD₮ on Kaia Blockchain to Boost Web3 Adoption in Asia

Peter Zhang May 06, 2025 22:59 Tether has launched its USD₮ stablecoin on the Kaia blockchain, in collaboration with LINE NEXT, to enhance Web3 and stablecoin adoption across Asia. Tether, a leading entity in the digital assets industry, has announced the deployment of its USD₮ stablecoin on the Kaia blockchain. This strategic move, in collaboration with LINE NEXT, is poised to accelerate Web3 and stablecoin adoption across Asia, according to Tether. Enhanced Accessibility Through LINE Messenger The integration of USD₮ will be…

Bitwise files S-1 for NEAR ETF

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Digital asset manager Bitwise has filed to list a spot Near exchange-traded fund with the US Securities and Exchange Commission, adding to a growing list of altcoins currently vying to win regulatory approval. The Bitwise Near (NEAR) ETF will track the price movements of the NEAR token, minus expenses, through a traditional brokerage, Bitwise’s May 6 registration statement shows. Bitwise named Coinbase Custody as the proposed custodian of the Bitwise NEAR ETF. The management fee, ticker and stock exchange it seeks to list on weren’t named yet.  Source: Cointelegraph Bitwise…

Dow drops 390 points as tariff uncertainty overshadows Fed meeting

U.S. stocks fell sharply Tuesday as uncertainty over global trade negotiations and caution ahead of the Federal Reserve’s rate decision weighed on markets.  The Dow Jones Industrial Average dropped 389.83 points, or 0.95%, while the S&P 500 lost 0.77% and the Nasdaq Composite slipped 0.87%. The sell-off came after President Donald Trump dialed back expectations for imminent trade deals during a meeting with Canadian Prime Minister Mark Carney. “We don’t have to sign deals,” Trump said, contradicting earlier remarks by both himself and Treasury Secretary Scott Bessent, who had suggested…

Ethereum Consolidates As Accumulation Trend Develops – New Bullish Phase Ahead?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is under pressure after failing to break above the $1,874 high set on May 1st, a level that now acts as stiff resistance. As the broader crypto market…

Elliot Wave Theory Shows Where Bitcoin Is In This Cycle – Bull Rally Over?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Tolimanu has used the Elliott Wave Theory to provide insights into where Bitcoin currently is in this market cycle. Based on his analysis, the bull run is…

US regulator moves to drop appeal against Kalshi

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The US Commodity Futures Trading Commission (CFTC) is seeking permission from the court to drop an appeal against prediction market Kalshi. The move could allow the platform to offer political event contracts to users without contest. In a May 5 filing in the US Court of Appeals for the District of Columbia Circuit, lawyers for the CFTC filed an unopposed motion for voluntary dismissal, suggesting an agreement with Kalshi. The motion, subject to approval by the court, could end the CFTC’s appeal against a federal court ruling that the financial…

Tether adds Chainalysis tokenization platform for compliance, monitoring

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Tether, the issuer of the world’s largest stablecoin by market cap USDt (USDT), has announced a partnership with Chainalysis that will integrate the company’s compliance and monitoring tools onto Tether’s tokenization platform. The move comes amid expanding oversight across the crypto industry. Launched in November 2024, the Hadron by Tether platform is designed for institutions, corporations and governments, entities that may be interested in tokenizing real-world assets ranging from financial instruments and real estate to debt and commodities. The months following the launch have seen increased adoption of real-world asset…

Shiba Inu Could Erupt 500%—Analyst Sounds The Alarm

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Shiba Inu (SHIB) might have its price increase more than fivefold from where it is now, based on recent market analysis. The meme coin trades at $0.0000125, down 3% from its daily high and 9% within the last seven days. In spite of these latest plunges, an analyst is optimistic about SHIB’s prospects. Price Target Suggests Whopping Gains Ahead Technical analyst Javon Marks reaffirms his earlier projection that Shiba Inu will most probably reach $0.000081 during the current cycle in the market. This goal is up 500% from the current…

FT report suggests advance knowledge of Melania Trump memecoin launch

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A group of crypto traders reportedly purchased millions of dollars worth of Melania Trump’s memecoins minutes before she announced the launch on social media. According to a May 6 Financial Times report, the crypto traders earned roughly $100 million from buying $2.6 million worth of MELANIA tokens before the public launch on Jan. 19. Shortly after Trump announced the memecoin launch on social media, the price surged from roughly $2.00 to $12.95 — a 550% increase. The traders reportedly sold their holdings within 12 hours. “In total, the 24 accounts…

Will Powell’s tone push Bitcoin higher?

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As the Federal Reserve’s Federal Open Market Committee convenes tomorrow, the crypto market appears to be at a crossroads, with investors keenly awaiting signals that could influence digital asset valuations. Currently, the consensus among analysts suggests a high probability that the Fed will maintain its benchmark interest rate within the 4.25%–4.5% range, reflecting ongoing concerns about inflation and economic stability. Bitcoin (BTC) has exhibited resilience ahead of the meeting, trading around $95,000, while Ethereum (ETH) hovers near $1,787.  However, the broader crypto market remains sensitive to macroeconomic cues, particularly those…