Author: John Smith

BlackRock Inc. is planning to acquire roughly 10% of the shares in Circle Internet Group Inc.’s upcoming initial public offering, according to Bloomberg reporting.  The IPO by the USDC (USDC) stablecoin issuer is expected to raise as much as $624 million, according to a filing with the US Securities and Exchange Commission. Circle’s co-founder and CEO, Jeremy Allaire, is among the selling shareholders, with the offering scheduled to price on June 4. Ark Investment Management, led by Cathie Wood, has also signaled interest in purchasing up to $150 million in shares, the filing shows. Circle’s IPO is reportedly oversubscribed, with…

BIMA, a decentralized finance protocol focused on Bitcoin-backed stablecoins and yield strategies, has partnered with exSat, a Bitcoin banking provider and layer-2 network, to help accelerate the adoption of Bitcoin-based DeFi. The two platforms announced their strategic partnership on May 28, 2025 amid the high-profile Bitcoin (BTC) conference in Las Vegas, BIMA and exSat’s quest to bolster Bitcoin’s decentralized finance ecosystem begins with an initial deployment of $100 million in BTC. Growth will see the platforms scale this deployment from 1,000 BTC to over 5,000 BTC worth $500 million. The partnership follows BIMA’s recent mainnet launch, during which it introduced…

A new report by the Bitget Wallet shows that users in emerging markets use crypto wallets for everyday payments much more than those in the developed world. Emerging markets are leading crypto adoption in everyday transactions, a new report by Bitget shows. On Wednesday, May 28, Bitget Wallet shared a report detailing how users across the world engage with their wallet. Notably, the report shows a rise in day-to-day use cases for crypto, especially in emerging markets. Bitget’s report is based on responses from 4,599 wallet users. The survey respondents were segregated into three age groups: Gen Z, millennials, Gen…

GOAT Network has officially launched its Bitcoin Yield Dashboard to accommodate its various on-chain BTC yield products, allowing users to reap rewards directly from the asset. At Bitcoin 2025 in Las Vegas, the network unveiled the world’s first BTC (BTC) Yield Dashboard. At press time, the project remains one of the only blockchains to offer Bitcoin yield products that generate rewards for traders directly from the asset, without requiring centralized custody or mining rigs. According to the official press release sent to crypto.news, the dashboard serves to grant users access to the network’s range of BTC yield products, consisting of…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. While Bitcoin (BTC) may have started out with the perception of “anonymous internet money,” the reality of Bitcoin being transparent-by-design has finally started to take hold in the space. While Bitcoin offers powerful censorship-resistance and decentralization in theory, a lack of accessible privacy features drastically limits its effectiveness in harsher environments. Political dissidents seeking funding, journalists accepting donations, and whistleblowers raising support have all started to realize that Bitcoin is actually the world’s most efficient and largest…

The Smarter Web Company recently added 24.53 BTC to its Bitcoin treasury, vowing to continue its long-term BTC accumulation strategy dubbed ‘the 10 year plan.’ On May 29, the U.K.-listed technology and digital services provider recently invested £2 million or around $2.7 million into Bitcoin (BTC). With this purchase, the firm added 24.54 BTC to its crypto-based treasury, with each Bitcoin valued at approximately $109,828. At press time, the company has amassed a total of 83.24 BTC in its holdings, which is equal to around $8.8 million. While the company’s Bitcoin accumulation strategy is still in its early stages, having…

Cryptocurrency exchange Bitget has added Ripple’s RLUSD stablecoin to its spot trading platform, broadening its USD-backed asset lineup. Bitget has listed Ripple USD (RLUSD), a U.S. dollar-pegged stablecoin issued by Ripple, on its spot trading platform, expanding the still limited number of centralized exchanges that support the token six months after its launch. In a press release shared with crypto.news, Bitget said the listing is part of its broader strategy to support “high utility-driven assets” and expand access to stablecoins that play a role in real-world applications. Bitget CEO Gracy Chen says RLUSD stands out as “one of the few…

Xterio surged 15% today, breaking out of the tight consolidation range after 40% dip a week ago, fueled by renewed momentum from the listing on South Korea’s Bithumb exchange. Xterio (XTER) is up 15% today, currently trading at $0.26, buoyed by its recent listing on Bithumb. The surge marks a decisive breakout from the recent consolidation zone around $0.22–$0.23, which had formed following a steep 40%+ crash from $0.35 – $0.38 level, triggered by heavy two-day selling pressure on May 19–20. The price just tested the $0.30 level — a key horizontal support-turned-resistance — at its intraday peak and is…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum coils for a breakout above $3,900, Wall Street Ponke is gaining traction as an AI-powered memecoin designed to support safer, smarter trading on the ETH network. Ethereum is consolidating between $3,600 and $3,900, creating a tight zone that price action analysts see as a potential launchpad. This structure often signals a strong breakout. If ETH breaks above $3,900, the next resistance lies near $4,100. However, if support at $3,600 fails, ETH could dip back toward $3,450. Options…

MXC, the native token of the Layer 3 blockchain platform Moonchain, surged as much as 247% recently, thanks to the reactivation of its mining program and a wave of ecosystem updates. According to Coingecko data, Moonchain (MXC) reached an intraday high of $0.00525 on the morning of May 29, Asian time, pushing its market cap past $11.6 million. When writing, the token was up 675% from its lowest point this year, marking one of its strongest moves in 2025 so far. MXC crypto also recorded a sharp uptick in trading activity, with daily volume spiking over 500% compared to the…