Qifa’s Tether Use for China-Russia Trade
Chinese firm Qifa is using Tether stablecoin for cross-border payments between China and Russia amid sanctions, raising questions about legality and potential consequences in both countries.
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Sky Mavis Upgrades Mavis Market for Enhanced NFT Trading
Sky Mavis introduces new features to its Mavis Market NFT platform, including an Add to Cart function and Global Search capability, improving user experience as the marketplace expands to 37 collections.
XRP Surges Amid Regulatory Debates
XRP ended its six-week losing streak with a 24.09% weekly gain. Ripple CEO Brad Garlinghouse comments on the anniversary of the XRP ruling, criticizing the SEC’s approach to crypto regulation.
Bitcoin Surges Past $60,000 Following Trump Shooting Incident
Bitcoin’s price climbs above $60,000 after an assassination attempt on Donald Trump at a rally, potentially boosting his re-election odds and impacting market sentiment.
Flipster Marks First Year with $100,000 USDT Trading Contest
Crypto derivatives platform Flipster celebrates its anniversary by launching two trading competitions with substantial prizes, reflecting its rapid growth.
USD/JPY Surge: Japan’s Currency Diplomat Change and Its Market Impact
The upcoming replacement of Japan’s top currency diplomat is fueling speculation about reduced intervention in the forex market, potentially driving USD/JPY to new highs.
XRP at a Crossroads: Analyst Predicts Potential Downturn
Analyst Alessio Rastani suggests XRP may experience a significant price drop based on chart patterns, identifying crucial support and resistance levels to watch. He warns of a possible return to 2020 lows unless XRP breaks through key resistance points.
Litecoin Faces Downward Pressure Amid Waning Holder Interest
Litecoin’s price has taken a bearish turn after breaking below a key support level of $82.40, with on-chain data indicating holders are losing interest and confidence in the token.
UK’s Kroo Bank Bans Crypto Transactions to Curb Fraud
Kroo, a digital bank based in London, has announced a ban on cryptocurrency transactions for its customers starting May 30, 2024, citing rising online fraud and scams related to crypto.
Michael Saylor Embraces Ethereum ETFs
Michael Saylor, known as a Bitcoin evangelist, has surprisingly expressed support for Ethereum-based ETFs, suggesting they could boost institutional adoption of cryptocurrencies from 1% to potentially 5-10% of portfolios.