Author: John Smith

Bitquery, a trusted leader in blockchain data infrastructure, is actively transforming how developers, analysts, and enterprises access and utilize Solana blockchain data in real time. With its robust, production-grade streaming API already in use for over a year, Bitquery has established itself as the go-to solution for overcoming the historical complexity of real-time Solana data access. Solana, known for its blazing-fast transactions and scalability, has become a major player in the decentralized application ecosystem. However, extracting on-chain data from Solana in real time has been notoriously difficult due to infrastructure limitations and the blockchain’s unique architecture. Bitquery’s streaming API solves…

AAVE price slid more than 15% in four days but buyers quickly scooped the dip, setting up a potential 20% leg up as Pendle’s booming tokenized yield markets drive renewed interest in the Aave protocol. Aave (AAVE) price dipped over 15% in just four days, from $283 peak on May 27 to $240 intraday low today. However, buyers rushed to scoop the dip, driving AAVE price above $254 intraday peak though it has since retraced slightly to $251. The rebound comes amid a period of heightened activity on the Aave protocol, particularly related to the growth of tokenized yield markets…

The Thailand SEC will block access to five cryptocurrency exchanges, including Bybit, OKX, and CoinEx. The platforms have been accused of offering services in the region without a license. According to an official notice issued by the financial watchdog, the decision to block unlicensed crypto exchanges is part of the Thai government’s efforts to protect local retail investors and prevent crypto trading platforms from being used for money laundering. The Thailand Securities and Exchange Commission declared that it will block five major cryptocurrency exchanges for allegedly operating without a license. Legal action has been initiated by the agency alongside the…

Panama City should allow ships to pay in Bitcoin for faster passage through the Panama Canal, according to Mayor Mayer Mizrachi. During a panel at Bitcoin 2025 in Las Vegas, Mizrachi suggested that Bitcoin payments could be rewarded with priority canal transit for cargo ships. “We have a canal — what if you get a perk for paying in Bitcoin, get your ship to go quicker if you pay in Bitcoin,” Mizrachi said. The Panama Canal is a key artery of global trade, linking the Caribbean and Pacific Oceans. It handled nearly 10,000 ship transits between October 2023 and September…

Alchemy Pay has added support for USD1, a U.S. dollar-backed stablecoin created by World Liberty Financial, giving users around the world easier access to the fast-growing asset. Announced in a May 30 press release, the integration allows users across 173 countries to purchase the USD1 stablecoin using common fiat payment options such as Visa, Mastercard, Apple Pay, Google Pay, mobile wallets, and local bank transfers. USD1 was launched in March by WLFI and is managed by BitGo Trust Company, a custodian subject to U.S. regulations. The stablecoin has rapidly risen become the seventh-largest stablecoin by market capitalization, with a current…

U.S. spot Bitcoin ETFs hit a rough patch on May 29, snapping their impressive 10-day inflow streak as investors took a step back amid fresh uncertainty around Donald Trump’s trade policy following conflicting court decisions. According to data from SoSoValue, a total of $358.65 million flowed out of the 12 U.S.-listed spot Bitcoin ETFs on the day, marking the first net outflow since mid-May. This reversal comes after a strong run that saw more than $4.2 billion enter these funds in just 10 days. Leading the outflows was Fidelity’s FBTC, which saw $166.32 million in investor redemptions. It was followed…

The Sui community has voted to unlock over $160 million in frozen assets following a major exploit of Cetus, a leading decentralized finance protocol on the network. In a May 29 post on X, Sui (SUI) confirmed that validators representing 90.9% of the total stake voted “yes” in an on-chain governance proposal to move the frozen funds into a multi-sig wallet. The vote is a critical step in Cetus’s (CETUS) recovery plan after a $223 million exploit rocked the protocol on May 22. Update – Validators representing 90.9% of stake have said “Yes” in the onchain community vote, and the…

Tokenization protocol Midas has launched a tokenized U.S. Treasury bill on the Algorand blockchain, offering European investors retail access to yield-bearing government bonds with no minimum investment. According to a May 29 announcement from the German-origin firm, mTBILLs, which represents a tokenized certificate referencing short-term U.S. Treasury exchange-traded funds, was now live on the Algorand blockchain. mTBILL is now natively issued on @Algorand.Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees. pic.twitter.com/5uxT33gEmF— Midas (@MidasRWA) May 29, 2025 Midas says the offering provides an alternative to institutional-grade tokenized money market products, such as BlackRock’s…

The U.S. Securities and Exchange Commission has formally dropped its lawsuit against Binance and co-founder Changpeng Zhao. A joint motion to dismiss the case was filed in federal court in Washington, D.C., on May 29. In its initial complaint, filed in June 2023, the SEC claimed that Binance had diverted customer assets, inflated trading volumes, and granted U.S. investors access to its unregistered international platform. In addition, it accused Binance of illegally listing tokens such as Solana (SOL) and Cardano (ADA), which the agency classified as securities. The complaint was amended in October 2024 to include additional details. The agency’s latest…

China’s Webus International revealed plans to raise up to $300 million through non-equity financing to create a strategic XRP reserve supporting its cross-border payments infrastructure. In a May 29 press release, The Nasdaq-listed AI-powered mobility company said the initiative is part of its plan to transform its premium chauffeur service into a seamless, borderless experience for international travelers. The firm intends to avoid shareholder dilution by sourcing the funds from commercial bank loans, shareholder guarantees, institutional credit lines, and existing cash. Chief executive officer Nan Zheng said the XRP (XRP) reserve is one of three initiatives funded by the raise.…