Day: May 20, 2025

Solana (SOL) Holds Ground in Tight Range — Traders Watch for Directional Cue

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Indonesia’s DigiAsia shares pop 90% on plan to raise $100M to buy Bitcoin

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Shares in the Indonesian fintech firm DigiAsia Corp nearly doubled after the company said it plans to raise $100 million to seed its first of many Bitcoin buys. The Jakarta-based Nasdaq-listed company said on May 19 that its board of directors approved creating a Bitcoin (BTC) “treasury reserve” and it was “committing up to 50% of any net profits generated to fund the acquisition of BTC.” DigiAsia said it was also “actively exploring a capital raise of up to US$100 million” to kickstart its Bitcoin holdings and would look to…

Ethereum Price Flashes Bullish Signal, But Can It Power Through Obstacles?

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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. Ethereum price found support at $2,320 and started a fresh increase. ETH is now rising and might aim for a move above the $2,650 resistance zone. Ethereum started a…

SEC’s Crenshaw says agency playing ‘regulatory Jenga’ with crypto

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The US Securities and Exchange Commission’s sole Democratic Commissioner has said the agency is “playing a game of regulatory Jenga” with its approach to the crypto industry and market regulation under the Trump administration. In May 19 remarks at the SEC Speaks event, Commissioner Caroline Crenshaw cautioned against what she described as a dangerous dismantling of “discrete but interrelated rules” on crypto and the wider market. She likened market stability to a “Jenga tower” that the agency’s rules had “carefully developed over the years,” which could topple if some rules…

Binance wants arbitration for all members of securities class suit

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Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration, arguing that the group waived their ability to form a class action under the company’s terms. The exchange said in a May 16 filing to a New York federal court that its terms of service, which it claimed the class group agreed to, has a clause that users agree to arbitrate all claims, along with a clause preventing users from launching class actions against the crypto exchange.…

JPMorgan boss says bank users can soon buy Bitcoin

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Jamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won’t custody the cryptocurrency. “We are going to allow you to buy it,” Dimon said at JPMorgan’s annual investor day on May 19. “We’re not going to custody it. We’re going to put it in statements for clients.” CNBC reported that Dimon also remarked on his long-held skepticism about crypto assets, pointing to their use in money laundering, sex trafficking and terrorism. “I don’t think you should smoke, but I defend…

US Senate moves forward with GENIUS stablecoin bill

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Update (May 20, 3:17 am UTC): This article has been updated to add statements from senators and information on the GENIUS Act. The US Senate has voted to advance a key stablecoin-regulating bill after Democratic senators blocked an earlier attempt to move the bill forward over concerns about President Donald Trump’s sprawling crypto empire. A key procedural vote on the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, passed in a 66-32 vote on May 19 local time. Several Democrats, including Mark Warner, Adam Schiff and…

Senate advances GENIUS Act after cloture vote passes

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Key Takeaways The Senate advanced the GENIUS Act after securing the 60 votes needed to proceed. Bipartisan support for the stablecoin regulation bill previously dissolved due to concerns about conflicts of interest with President Trump. Share this article Senate efforts to advance stablecoin regulation gained momentum today as lawmakers approved a key procedural vote on the GENIUS Act, clearing the way for formal debate. The cloture motion on the GENIUS Act, also known as the Guiding and Establishing National Innovation for US Stablecoins Act, passed by a vote of 66-32,…

Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

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Anza, a Solana blockchain infrastructure firm spun out of Solana Labs, has proposed a new proof-of-stake consensus called Alpenglow that it claims would be “the biggest change to Solana’s core protocol” and compete with current internet infrastructure. “We believe that the release of Alpenglow will be a turning point for Solana. Alpenglow is not only a new consensus protocol, but the biggest change to Solana’s core protocol since, well, ever,” Anza’s Quentin Kniep, Kobi Sliwinski and Roger Wattenhofer said on May 19. Alpenglow consists of Votor, which processes voting transactions…