Month: May 2025

Crypto mining stocks plunge as Fed warns of ‘difficult tradeoffs’

admin

US crypto mining stocks tumbled at the close of May 28 trading after minutes published by the Federal Reserve signaled its growing uncertainty about the country’s economic outlook. The crypto market remained unscathed, despite the stock drops among crypto miners. Uncertainty about the economic outlook looms The minutes of the Federal Open Market Committee’s meeting on May 6 and 7, released on May 28, stated, “the Committee might face difficult tradeoffs if inflation proves to be more persistent while the outlooks for growth and employment weaken.”  The Fed had decided…

SEC pushes back decision on Bitwise 10 Crypto Index ETF covering BTC, ETH, XRP, ADA

admin

Key Takeaways The SEC has extended the review period for the Bitwise ETF proposal to July 31, 2025. The proposal seeks to list and trade shares of the Bitwise 10 Crypto Index Fund on NYSE Arca. Share this article The US SEC announced today it will take an additional 60 days to determine whether to approve a proposed rule change from NYSE Arca to list the Bitwise 10 Crypto Index Fund, which features major crypto assets like Bitcoin, Ethereum, XRP, Solana, and Cardano. The decision, originally expected by June 1,…

New Jersey county to tokenize $240B property deeds

admin

A New Jersey county is set to tokenize $240 billion worth of property deeds after signing a deal with the blockchain-backed land record management firm Balcony. Balcony said on May 28 that it signed a five-year deal with the Bergen County Clerk’s Office to tokenize 370,000 deeds on the Avalanche blockchain, adding that this was “the largest blockchain-based deed tokenization project in US history.” Bergen County is New Jersey’s most populous county and is located northwest of Manhattan in New York City across the Hudson River. Bergen County has nearly…

Nvidia posts mixed Q1, predicts $8B hit with US chip curbs

admin

Chip-making giant Nvidia has posted mixed results in its first quarter earnings, beating Wall Street expectations on revenue but missing predictions on its income amid US restrictions on its exports to China.  In earnings released May 28 for its first quarter of the 2026 fiscal year ended April 27, Nvidia reported revenues of $44.1 billion, up 12% from its previous quarter and 69% from a year ago and beating Zacks analyst estimates of $42.91 billion by nearly 2.7%. However, the chip maker posted an earnings per share of 81 cents,…

Bitcoin Price Touches Support Zone — Will Buyers Step In?

admin

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline and tested the $106,800 zone. BTC is now consolidating and might aim for a move above $108,500 Bitcoin started a fresh decline below…

US court freezes $57M USDC allegedly linked to LIBRA scandal

admin

A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to a temporary freeze. “Yesterday, a federal court in SDNY [Southern District of New York] entered a Temporary Restraining Order at our request, Burwick Law, supported by Tim Treanor, freezing approximately 57.65 million USDC held at…

The World’s Largest Bitcoin Conference Returns To Las Vegas In 2026

admin

May 28, 2025 – BTC Inc., the leading provider of Bitcoin-related news and events, is excited to announce that the Bitcoin Conference, the world’s largest and most prestigious gathering of the Bitcoin industry, will be returning to Las Vegas next year. Next year’s conference will take place at the Venetian Las Vegas from April 27 – 29, 2026. The announcement comes on the heels of a highly successful Bitcoin 2025 event, which saw over 35,000 attendees descend to Las Vegas to participate in valuable networking and community building events, experience…

Liberation Day tariffs blocked by court, Trump team pushes back with appeal

admin

Key Takeaways A federal court blocked Trump’s tariffs for exceeding presidential authority. The court ruled that only Congress can regulate international commerce, not the president. Share this article A US federal court on Wednesday determined that President Donald Trump lacked the legal basis under the International Emergency Economic Powers Act (IEEPA) to impose sweeping global tariffs. In response, the Trump administration announced plans to appeal the decision, aiming to reinstate the tariffs that were a central component of its trade policy. The decision, issued by the Manhattan-based Court of International…

“Nothing Stops This Train” – Tether, Bitcoin, And The Endgame For The Dollar

admin

Saifedean Ammous, CEO of Saifedean.com and author of The Bitcoin Standard, delivered a data-driven keynote at the Bitcoin 2025 Conference, warning of inevitable U.S. dollar decline and positioning Bitcoin as the only rational hedge. “Default, devaluation, or default by devaluation are inevitable,” Ammous declared, adding pointedly, “Tether can’t fix what a century of fiat democracy ruined.” Using projections and flow charts, Ammous argued that Tether’s Bitcoin strategy could soon outpace its U.S. dollar reserves. “Then Tether will break the peg upwards,” he said, predicting a scenario where 1 USDT could…

Solana’s negative funding rate hints a volatile price action

admin

Key takeaways: Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300. Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making. Solana (SOL) price tested the $180 resistance level on May 11, but it has since consolidated below this key threshold and appears unable to establish a sustained bullish position. However, the altcoin has maintained a positive signal by closing above the 50-week exponential moving average (EMA) for three…