Category: Other Crypto News

Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation

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Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation. Key takeaways: Bitcoin’s apparent demand fell to -3,138 BTC, its lowest level in four months. Weak spot activity and negative ETF flows pressure the BTC price below $80,000. Analysts warn that Bitcoin risks prolonged consolidation or a deeper correction if $78,000 is not broken. Bitcoin’s apparent demand has dropped to its…

Fed Proposes ‘Skinny’ Accounts, Calls for Tier 3 Pause

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The US Federal Reserve proposed creating limited payment accounts that could give legally eligible fintech and crypto-linked banks narrower access to its payment rails without the backstops available to traditional banks. The proposal was released on Wednesday through a Federal Reserve Board request for comment and notice of proposed rulemaking, referring to “skinny master accounts” for nonbank financial institutions. The Fed also encouraged regional Reserve Banks to pause decisions on Tier 3 account-access requests while it finishes the rulemaking, a step staff said is expected to end by Dec. 31,…

Millionaire Businessman Reveals Where The Real Crypto Value Is, And It’s Not Bitcoin

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Millionaire businessman Kevin O’Leary has indicated that stablecoins are more valuable than Bitcoin because of their role in the global financial system. He also highlighted the “big opportunity” as one of the layer-1 networks could be the biggest beneficiary of traditional finance (TradFi) firms moving on-chain.  Kevin O’Leary Praises Stablecoins Over Bitcoin In an X post, Kevin O’Leary shared a FOX interview in which he praised stablecoins over Bitcoin. He described BTC as a speculative asset whose price fluctuates due to its volatility. Meanwhile, the businessman called stablecoins an interesting…

OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

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HONG KONG, May 21 — OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing marks a significant step in bringing a state-supervised, asset-backed digital currency to one of the world’s most established licensed virtual asset markets. Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, USDKG is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading…

Hyperliquid Flips Solana By FDV As ‘Revenue Chains’ Race Heats Up

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Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto’s most closely watched comparisons: the rise of application-heavy, revenue-generating chains. Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.” The accompanying Solana market page shows SOL trading around $86.51, with a fully diluted valuation of roughly $54.22 billion, a circulating market capitalization near $49.99 billion and 24-hour volume of about $2.74 billion. The same screen listed Solana’s current supply at 577.86 million SOL…

Former Silvergate Exec Sheds Light SEC Settlement

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The former chief risk officer of Silvergate revealed she made the decision to settle with the US securities regulator in 2024 to avoid a “multi-year battle” in court, where she was accused of misleading investors about anti-money laundering rules and how the bank monitored crypto customers. In her first public comments about her settlement with the SEC on Wednesday, Kate Fraher claimed that no financial agency proved that Silvergate’s anti-money laundering controls had failed, and that she only opted to settle to “move forward.”  Fraher had agreed to a civil…

Digital Assets Like Ordinals Used in Tax Evasion Schemes: Chainalysis

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Tax dodgers have started turning to Bitcoin Ordinals, BRC-20 tokens and other digital methods in an attempt to hide their wealth from tax authorities, according to blockchain analytics platform Chainalysis. “Tax evasion and unreported income are age-old financial crimes, but the methods used to commit them are rapidly evolving,” Chainalysis said in a report Wednesday. “As digital assets become more mainstream, bad actors frequently attempt to exploit novel technologies — such as NFTs, decentralized finance protocols, or emerging token standards — in hopes of keeping their wealth hidden from tax…

EC Opens Crypto Rules Review As Euro Stablecoin Gains Support

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As market dynamics evolve and pressure builds to strengthen Europe’s position in the global crypto economy, the European Commission (EC) has launched a review of its landmark crypto framework to keep pace with the evolving digital asset landscape. Related Reading EC Opens Review Of EU Crypto Rules On Wednesday, the European Commission launched a consultation on the functioning of the European Union’s (EU) regulatory framework on crypto assets, the Markets in Crypto‑Assets Regulation (MiCA). The regulator is seeking feedback from stakeholders and the public on whether the current framework remains…

Bitcoin ETF Inflows Are Underperforming In 2026, Data Shows

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Data shows the Bitcoin spot exchange-traded funds (ETFs) have witnessed capital inflows lag this year relative to 2025 and 2024. Bitcoin Spot ETFs Have Seen Cumulative Net Inflows Underperform In 2026 In a new post on X, analyst Maartunn has discussed how the cumulative inflows related to the US Bitcoin spot ETFs in 2026 so far have compared to past years. “Spot ETFs” here refer to investment vehicles that allow investors to gain indirect exposure to the cryptocurrency. The main benefit of the spot ETFs is that since they trade…

SEC Seeks Feedback on Prediction Markets ETFs

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The US securities regulator is delaying the launch of a recent wave of “novel ETFs,” including those that allow investors to bet on the outcome of events, to consider the implications of introducing the new products.  In a statement on Wednesday, SEC Chair Paul Atkins said that “novel products raise novel questions” and instructed his staff to seek public feedback on how the regulator should respond to these applications.  Bitwise filed in February for a series of prediction market ETFs under the PredictionShares brand to track US election results, while…