According to current data, the stablecoin market expanded by approximately $1.31 billion over the past week, lifting the total market capitalization of fiat-linked digital assets to $247.578 billion. This places the stablecoin sector just $2.422 billion shy of the $250 billion threshold. Stablecoin Market Closes in on $250B With Just $2.42B to Go The fiat-pegged […] Source CryptoX Portal
Coinbase won’t call customers to warn them that their accounts may have been compromised. It’s a common scam vector. Still, someone tried it on me. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Last weekend, an unknown California number called me. A helpful gentleman informed me that my Coinbase account had been compromised during its recent data breach and he was there to assist me in not losing my assets. Oh no,…
In a strategic move to overhaul U.S.-Mexico remittance flows, XDC Network has joined forces with Bitso Business to deploy a blockchain-based payment framework designed for rapid, low-cost, and secure cross-border transactions. Tapping into the $63 billion inbound remittance market in Mexico and the $70 billion outbound volume from the U.S., the alliance utilizes XDC’s ISO […] Source CryptoX Portal
Grayscale’s launch of the Artificial Intelligence Crypto Sector signals a major shift in decentralized AI, expanding crypto’s role in cutting-edge tech. Grayscale’s $21B AI Crypto Sector is Here Crypto asset manager Grayscale announced on May 27 the launch of its new Artificial Intelligence Crypto Sector, a move that highlights the growing importance of decentralized AI […] Source CryptoX Portal
How did the decision by SEC Binance to close the Binance lawsuit coincide with Binance losing over 30% of its global trading volume between 2023 and April 2025? The SEC vs Binance battle fades as the SEC lawsuit against Binance gets quietly buried After nearly two years of courtroom tension, regulatory scrutiny, and public debate, the U.S. Securities and Exchange Commission has formally withdrawn its civil lawsuit against Binance and its founder, Changpeng “CZ” Zhao. The decision, filed jointly by lawyers from both sides on May 29, in a Washington,…
Ernst & Young LLP (EY US) submitted a letter to the U.S. Securities and Exchange Commission (SEC) last week in response to the SEC’s request for input on crypto-related matters. The firm emphasized the importance of regulatory clarity regarding how federal securities laws apply to crypto markets. EY US outlined its experience in assurance, tax, […] Source BitcoincryptoexchangeExchanges CryptoX Portal
China-based Webus is unleashing plans for a $300 million XRP reserve, aiming to obliterate global payment barriers and redefine cross-border mobility with blockchain and AI. $300M XRP War Chest: Webus Preps for Global Payment Disruption With Blockchain Boost Webus International Ltd. (Nasdaq: WETO) announced on May 29 a dual-pronged initiative aimed at transforming both its […] Source CryptoX Portal
US sports betting platform SharpLink Gaming has filed with the Securities and Exchange Commission (SEC) to offer up to $1 billion in shares of common stock in an effort to increase the holdings of its newly launched Ether treasury. “We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH,” SharpLink Gaming said in the May 30 filing. SharpLink outlines ETH investing risks “We also intend to use the proceeds from this offering for…
Corporate interest in digital assets is gaining momentum, with public companies increasingly allocating Bitcoin and Ethereum to their balance sheets, according to Binance Research’s latest weekly report. Binance reported that more than 117 listed companies now hold over 800,000 BTC collectively, including recent adopters like Trump Media & Technology Group, which launched a $2.5 billion BTC strategy backed by 50 institutional investors. The report also noted Ethereum’s (ETH) growing presence in corporate treasuries, with SharpLink unveiling a $425 million ETH initiative advised by Consensys co-founder Joseph Lubin. Mixed market sentiment …
The governors of the Central Banks of Caricom agreed to advance a local currency-based, instant settlement payment platform to reduce their reliance on the U.S. dollar. A pilot has already managed to complete a cross-border transaction between the Bahamas and Barbados. Caricom Pilots Payment Platform to Reduce Dollar Usage The instability of the U.S. trade […] Source CryptoX Portal