Stablecoins
Crime
Moroccan police arrests suspect behind recent crypto-related kidnappings in France
The 24 year-old man was reportedly subject to an Interpol red notice issued by French authorities.
Crypto
Systemic risk on the rise as leverage interdependencies tighten between CeFi, DeFi and crypto treasuries
Debt correlations on different crypto sectors and lack of tools to track exposure in real time raise concerns of a systemic risk.
CBDCs
Brazil’s central bank plans to use CBDC data to guide interest rate decisions
Central bank executive Henrique Videira outlined a workflow in which anonymized data passes through internal filters and merges with wholesale settlement flow.
ETF
US-based ETFs offering staking set for growth despite some regulatory, macro tailwinds
Recent regulatory developments and potential US-China trade talks outcomes could boost are expected to benefit staking ETFs.
Crypto
Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k
While Bitcoin reclaims the $106,000, Ethereum and XRP cover more ground reclaiming key price levels.
Tokenization
Pump.fun considering token launch with $4B fully diluted value, $1B sale
The memecoin launchpad has generated over $723 million in fees since its launch on January 2024.
Rumors
Brad Garlinghouse denies Ripple’s reported $5 billion bid to acquire Circle
During a private event in Las Vegas, Garlinghouse made the first direct rebuttal from Ripple’s senior management to the rumors.
Rumors
Eric Trump and Donald Trump Jr. deny involvement in Magic Eden’s ‘Trump Wallet’
While Magic Eden confirmed the wallet launch on multiple accounts, Eric Trump and Donald Trump Jr. denied any ties with the project.
Analysis
Bitcoin’s 8% correction flushed leverage but set stage for short term turbulence
Despite the much needed cooling off, rampant profit-taking action can create high volatility in the following days.
Culture
Ethereum Foundation unites protocol teams to fast-track scaling, blobs and UX overhaul
Protocol groups the teams under one roof and intends to shorten the path from research papers to production code and to create tighter feedback loops.
Crypto
Strategy unveils ‘Stride’ stock to fuel fixed-income expansion, boost Bitcoin holdings
According to Metaplanet's Dylan LeClair, the offer suggests that Michael Saylor "is coming for the entire fixed income market."
Investments
Tether, Bitfinex complete Bitcoin funding leg for Twenty One Capital with $2B transfer
In addition to the 21,000 BTC transferred, Tether also sent 4,812.22 BTC related to Twenty One Capital's acquisition on May 13.
