Day: 8 May 2025

A Republican-led effort to establish Texas’ first state-backed Bitcoin reserve has cleared a major legislative hurdle and now awaits a full House vote. If passed, the bill will head to Governor Greg Abbott’s desk for final approval. Senate Bill 21 (SB 21), which proposes the creation of a “Texas Strategic ...

In the first quarter of 2025, South Korea witnessed significant cryptocurrency outflows totalling nearly 57 trillion won, with dollar-based stablecoins making up almost half the total. This data, sourced from the Financial Supervisory Service and revealed by Democratic Party lawmaker Min Byung-duk, highlights the growing trend of capital migration from ...

Binance released its May 2025 Proof of Reserves report, reaffirming that the exchange maintains full collateralization, holding more than 100% of customer assets across major cryptocurrencies such as Bitcoin, Tether (USDT), and Ethereum. Published on May 8, the latest update includes detailed reserve data spanning 37 digital assets. Among the ...

Global fintech giant Stripe has rolled out stablecoin-powered accounts to users in over 100 countries, marking a major leap in digital finance adoption—especially in regions grappling with inflation and limited banking access. According to the company's May 7 announcement, The new offering enables Stripe clients to send, receive, and hold ...

Robinhood is laying the groundwork for a major blockchain-powered expansion into Europe, with plans to launch a network that would allow retail investors to trade tokenized U.S. securities, according to sources cited in a recent Bloomberg report. The fintech brokerage is reportedly considering blockchain contenders Arbitrum and the Solana Foundation ...

Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts ...

Arizona has become the first U.S. state to create a Bitcoin and Digital Asset Reserve Fund using unclaimed cryptocurrency, following Governor Katie Hobbs’ approval of a new law that positions the state at the forefront of digital asset management. On May 7, Hobbs signed House Bill 2749 into law, enabling ...

U.S. Treasury Secretary Scott Bessent expressed support for two major crypto-related bills currently moving through Congress, signalling the Biden administration’s alignment with Republican-led efforts to make the United States a global hub for digital assets. Speaking before the House Financial Services Committee on May 7, Bessent emphasized the importance of ...

In a major step toward expanding Thailand’s digital asset footprint on the global stage, Kubix Digital Asset and D3 Labs have announced a strategic partnership designed to take Thai-issued investment tokens beyond domestic borders. The collaboration revealed during the Money 20/20 Asia conference in Bangkok lays the groundwork for compliant, ...

Bitcoin surged to $98,933 on May 8, gaining 2.6% in just 24 hours, as investor sentiment improved following President Donald Trump’s announcement of an impending trade deal. This rally came shortly after Trump posted on Truth Social, revealing plans to hold a press conference in the Oval Office the following ...