Blockchain tech firm BTCS has acquired 3,450 ether for $8.42 million, lifting its total ETH holdings to 12,500. The move reflects a broader strategy to scale infrastructure and staking operations. BTCS Adds 3,450 Ethereum in Strategic Expansion BTCS Inc. (Nasdaq: BTCS) has announced the purchase of 3,450 ETH for $8.42 million, marking a 38% increase […] Source CryptoX Portal
The Australian Securities and Investments Commission (ASIC) is seeking leave to appeal a High Court decision that fintech company Block Earner’s Access product is not a financial product. The High Court in March 2024 dismissed ASIC’s allegations that Block Earner had engaged in unlicensed financial services by offering its decentralized finance (DeFi) product Access. ASIC is seeking clarification on how a financial product is defined which it feels should apply to all products whether they involve cryptocurrency or not. “The High Court will consider ASIC’s application on a date to…
South Korea is tightening rules around digital asset transactions as it prepares to allow institutional players into its crypto market, introducing new guidelines for nonprofit crypto sales and stricter listing standards for exchanges. On May 20, the Financial Services Commission (FSC) of South Korea said it had finalized sweeping new measures during its fourth Virtual Asset Committee meeting. Set to take effect in June, the updated rules allow both nonprofit organizations and virtual asset exchanges to sell cryptocurrencies but under new compliance standards. Nonprofit entities must have at least five…
New York City Mayor Eric Adams has announced plans to form a digital advisory council that would guide the city’s digital asset strategy. Speaking at the New York City Crypto Summit on May 20, Adams said it has the potential to attract investment, create jobs, and cement New York’s position as a global centre for blockchain innovation. “We want to use the technology of tomorrow to better serve New Yorkers today,” Adams said during his speech, adding that the council would help position New York as the “crypto capital of…
Commerce Secretary Howard Lutnick has agreed to transfer his stake in Cantor Fitzgerald to his children and a group of investors, as part of an ethics agreement with the U.S. government. Lutnick Complies With Ethics in Government Act U.S. Commerce Secretary Howard Lutnick has reportedly agreed to transfer his stake in Cantor Fitzgerald to his […] Source CryptoX Portal
Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token’s value accrual mechanism. This strategic redesign replaces the previous burning model with a buy-and-lock system, where 50% of all transaction fees will be used to purchase SONIC tokens from the open […] Source CryptoX Portal
Tariffs continue to be in focus during today’s trading session, as Walmart and Home Depot shared differing views on their impact. U.S. markets are still assessing the effect of tariffs on consumers. On Tuesday, May 20, the Dow Jones was trading at 42,679.23, down 112.84 points or 0.26%. The S&P 500 was at 5,942.07, down 0.36%, while the Nasdaq stood at 21,353, down 0.44%. Just days after Walmart announced potential price hikes due to U.S. tariffs, Home Depot offered a different perspective. In its first-quarter 2025 earnings report, the home…
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 […] Source CryptoX Portal
Robinhood has submitted a detailed proposal to the U.S. SEC seeking a unified regulatory framework for tokenized real-world assets. If adopted, it could establish the foundation for a legally compliant, blockchain-powered U.S. securities market. Robinhood’s SEC Proposal Could Lay the Groundwork for Tokenized Finance in the U.S. Robinhood is taking a bold step toward integrating […] Source CryptoX Portal
“Sell in May and go away,” goes the Wall Street adage for equity markets every summer. For bitcoin , though, some analysts say this season could mark a break from tradition. “As we get into the European summer months, the sense is it’s more likely a case of ‘buy in May and go away’ than any significant headwinds or selling pressure,” said Paul Howard, director at crypto trading firm Wincent in a market note. A confluence of positive regulatory developments around digital assets in the U.S. and increasing institutional buying…