Day: 23 May 2025

Bybit has launched a new lucky draw promotion for users of its Bybit Card, offering guaranteed rewards for all participants and the chance to win a grand prize worth 35,000 USDT, equivalent to the price of a Tesla Model 3. Running through June 22, 2025, the promotion invites eligible users ...

Major banks are increasingly exploring stablecoins, the cryptocurrency tokens pegged to traditional currencies, as they seek to leverage blockchain technology for faster payments and improved financial services. This shift reflects growing institutional interest in digital assets despite ongoing regulatory challenges. Major U.S. banks including JPMorgan Chase, Bank of America, Citigroup, ...

Stablecoin (STABLE) saw a modest uptick in trading on May 23, with its price rising 2.23% over the past 24 hours to $0.051148, according to CoinGecko data. Over the past seven days, the token has gained 3.03%, with 24-hour trading volume reaching $189.25. The price movement coincides with significant developments ...

Matrixport analysts have observed a noticeable lack of retail investor activity in the current Bitcoin rally, marking a departure from the dynamics seen in previous bull markets. In the past, retail traders played a dominant role in driving price surges, but this time around, their involvement has not kept pace, ...

The Uniswap Foundation reported on May 23 that a significant portion of its revenue originated from a $140 million grant approved by Uniswap governance, with additional income generated through interest and dividend earnings. As of March 31, the Foundation’s financial holdings included $53.4 million in USD and stablecoins, 15.8 million ...

Several major U.S. banks are reportedly in early-stage discussions to develop a joint stablecoin project, amid growing momentum in Washington to establish a regulatory framework for digital assets, according to sources cited by the Wall Street Journal on Friday. Exclusive: Major U.S. banks are exploring a joint stablecoin to compete ...

Hyperliquid Labs has submitted formal comment letters to the U.S. Commodity Futures Trading Commission (CFTC), advocating for a regulatory framework that supports decentralized finance (DeFi) while fostering innovation in emerging markets such as perpetual derivatives and 24/7 trading. These comments come in response to the CFTC’s recent Requests for Comment ...