Key Takeaways. Timechainindex.com founder Sani flagged a 107 BTC burn on May 25 worth more than $8.2 million. Bitcoin burn wallet holdings reached 807 BTC, valued at nearly $62.15 million. Counterparty burned 2,131 BTC in 2014, fueling renewed proof-of-burn debate. Bitcoin Burn Wallet Jumps to 807 BTC After Mystery User Burns $8.2 Million According to…
Key Takeaways Kraken deposited 5.06 ETH ($1.07M) into Eigencloud on May 26, per EmberCN. EIGEN token trades at $0.25, roughly 96% below its $5.65 all-time high despite $6.53B in TVL. Eigencloud runs a -$12.7M annual earnings deficit, spending $56.77M in incentives vs $13.6M in fees. Kraken Deposit Signals Institutional Interest in Ethereum Restaking Kraken, one…
Key Takeaways Hyperliquid has launched canonical prediction markets via validators for offchain events. HYPE trades at $59.71 as the platform records $170.29B in 30-day perpetual futures volume. HYPE ETFs drew $72.4M in their first week, as bitcoin ETFs shed $1.26B over the same period. Validator-Based Markets Enter the Fray Hyperliquid, the L1 best known for…
Key Takeaways Citing system costs, the Bank of Russia wants Visa and Mastercard to fully exit as their market share dropped below 17%. As cashless payments hit 88%, Ilya Grashchenkov expects a calm, disruption-free market shift. Experts point out that Russia will calmly transition users to its Mir system, which issued 476.5M cards by Jan…
Global cryptocurrency exchange Binance is officially entering the Philippine via a partnership with a local fintech firm. Announced Tusday, Binance said it will have a partnership with local fintech firm BlockShoals Technologies Inc. to operate within the Securities and Exchange Commission (SEC) Strategic Sandbox framework. Under the agreement, BlockShoals will act as the approved local…
Key Takeaways Meltem Demirors argued on Fox Business that spot ETFs triggered an institutional identity crisis. Purists fear Wall Street asset managers stall utility, leaving bitcoin as just a speculative risk asset. Up next: Crypto may shift to serve as infrastructure for AI or continue backing economic lifelines in the Global South. The Institutional Paradox…
The Philippine Securities and Exchange Commission (SEC) has issued a cease and desist order against BG Wealth Sharing Ltd. and its listed founder, Stephen Beard, for the unauthorized solicitation of investments. The order, finalized on May 20 by the regulator’s Enforcement and Investor Protection Department (EIPD), commands the entity to immediately halt the sale of…
Key Takeaways Arthur Hayes targets $125K bitcoin by December 2026, citing returning liquidity and Fed policy shifts. Bernstein analysts set a $150K–$200K end-2026 target, pointing to exchange-traded fund (ETF) flows and institutional adoption. Peter Brandt warns of a potential $40K–$60K bottom by fall 2026 before a cycle peak near $500K in 2029. Others echo this…
The Securities and Exchange Commission (SEC) has ordered cryptocurrency platform Riscoin and its associated entities to immediately cease and desist from soliciting investments and selling unregistered securities in the Philippines. The order, issued by the SEC Enforcement and Investor Protection Department (EIPD) on May 14, 2026, targets Riscoin, Riscoin Exchange, Riscoin Trading, League of Seagull…
Key Takeaways Robert Kiyosaki connected Iran’s yuan oil payments to renewed concerns about dollar stability. Oil settlement is critical because energy markets help sustain global demand for dollars. Traders may focus more on debt, sanctions, reserves, and bitcoin alternatives. Kiyosaki Predicts Dollar Pressure From Yuan Oil Trade Robert Kiyosaki raised a stark warning about the…
