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BlackRock Bitcoin fund now second-largest holder
May 25,2025
BlackRock's iShares Bitcoin Trust (IBIT) has become the second-largest holder of Bitcoin, surpassing major industry players including Binance and Strategy. Only the wallet attributed to Bitcoin's creator, Satoshi Nakamoto, holds more of the asset. IB...
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Stablecoin bill could trigger huge demand for US bonds
May 24,2025
The White House is backing a plan to regulate stablecoins. Trump adviser David Sacks says it could bring trillions into US government bonds almost overnight. He believes the GENIUS Act will give clear rules for stablecoins, which are currently unregu...
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Crypto ownership drops in Singapore
May 23,2025
Crypto ownership in Singapore fell from 40% to 29% in 2024, as more investors sold off their holdings. Nearly half of holders exited the market, and most walked away with a profit. According to the 2025 Independent Reserve Cryptocurrency Index, 67% o...
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Texas moves closer to creating a Bitcoin reserve
May 23,2025
Texas lawmakers have approved a bill to create a state-run Bitcoin reserve, bringing the state closer to officially adopting cryptocurrency as part of its treasury management. The Texas House of Representatives passed Senate Bill 21 on its third and ...
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Kazakhstan to license crypto-to-fiat exchanges
May 23,2025
Kazakhstan is moving to formally regulate cryptocurrency exchange services that convert digital assets into fiat. The National Bank will oversee licensing under new national rules. Yerlan Ashykbekov, head of the bank's payment systems department, con...
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Sui DEX Cetus suffers suspected $200m hack
May 23,2025
A major security incident has struck Cetus, a decentralised exchange (DEX) on the Sui blockchain, with suspected losses exceeding$200 million. Onchain data revealed rapid asset drainage, prompting experts to label the event as a possible hack rather ...
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Bitcoin hits all-time high above $111K
May 23,2025
Bitcoin surged to a fresh all-time high of$111,544 during early Asian trading on Thursday, marking a 4% jump from Wednesday's peak. The rally follows a dip to$106,000 earlier in the week and reflects rising interest in alternative assets amid global ...
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Crypto.com gains EU approval for crypto derivatives
May 23,2025
Crypto.com has secured a MiFID licence, allowing it to offer regulated crypto derivatives across the European Economic Area. The licence expands the platform's presence following earlier approval under the EU's Markets in Crypto-Assets (MiCA) regulat...
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Hong Kong approves stablecoin licensing law
May 23,2025
Hong Kong's legislature has approved a bill introducing a licensing framework for fiat-referenced stablecoin issuers. The move provides legal clarity and aims to enhance the city's position as a global digital asset hub. Any issuer of stablecoins in ...
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Pakistan sets up digital asset authority
May 22,2025
Pakistan has formed a new body to regulate its growing digital asset market and embrace blockchain-based financial innovation. The Pakistan Digital Assets Authority (PDAA), backed by the Ministry of Finance, will license and oversee exchanges, custod...
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Crypto assets to be treated as property in Russia
May 22,2025
Russia's Ministry of Justice is working on legislation that would classify crypto assets as property, enabling their confiscation during criminal investigations. The draft bill aims to tighten control over digital currencies increasingly used for ill...
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Coinbase hit by cyber-attack with up to $400m losses
May 22,2025
The largest cryptocurrency exchange in the US, Coinbase, revealed that a recent cyber-attack could cost between$180 million and$400 million. The attack compromised data from a small group of customers, including names, addresses, and emails, but logi...
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