“`html Spot Bitcoin exchange-traded funds (ETFs) in the United States are on track for a historic month, driving Bitcoin to unprecedented all-time highs amid increasing institutional interest.The US-listed spot Bitcoin (BTC) ETFs observed over $1.5 billion in total inflows across a two-day timeframe, including $608 million on May 21 and $934 million on May 22, according to information from Sosovalue.A similar influx as seen in the previous two days would result in monthly inflows soaring to $6.68 billion, eclipsing the monthly record of $6.49 billion set in November 2024.Bitcoin ETF inflows, monthly, all-time chart. Source: SosovalueRelated: German government missed a…
Autore: wsjcrypto
Binance co-founder and previous CEO Changpeng “CZ” Zhao has countered a report from The Wall Street Journal, labeling it a “hit piece” rife with inaccuracies and detrimental assumptions. In an X post, Zhao condemned the outlet’s depiction of his supposed association with World Liberty Financial, the decentralized finance initiative supported by a business entity linked to US President Donald Trump. Trump’s sons — Eric and Donald Jr. —are engaged in the company’s management.Zhao indicated that the WSJ piece depicted him as functioning as a “fixer” for the WLF team and its co-founder Zach Witkoff during international excursions. The report implied Zhao facilitated…
“`html On May 22, 2010, Bitcoin transitioned from merely an idea to actual currency. Laszlo Hanyecz, a programmer and early contributor to Bitcoin’s code, shared a casual proposal: “I’ll pay 10,000 bitcoins for a couple of pizzas.” Within five days, someone accepted his offer. Two Papa John’s pizzas were delivered. A screenshot was shared. Bitcoin had entered the physical realm. That 10,000 Bitcoin, valued at approximately $41 at that time, is now estimated to be worth over $1.1 billion. Moreover, with Bitcoin reaching a new all-time peak of $111,999 on the 15th anniversary of the event, the tale of the…
The International Monetary Fund (IMF) anticipates that the Philippines’ current account shortfall will contract this year. “The current account shortfall is forecasted to decrease from 3.8% of gross domestic product (GDP) in 2024 to 3.4% of GDP in 2025, bolstered by declining commodity prices,” asserted IMF Mission Chief Elif Arbatli Saxegaard in a statement. Recent figures from the Bangko Sentral ng Pilipinas (BSP) indicated that the current account shortfall expanded by 41.4% to $17.5 billion last year, up from $12.4 billion in 2023. This increase brought the current account to 3.8% of economic output in 2024, compared to the 2.8%…
“`html Reliable Editorial content, examined by prominent industry authorities and experienced editors. Advertising Disclosure Dogecoin is exhibiting robust momentum in the present weekly chart, having just emerged from several months of consolidation with a significant upward surge. Just in the past few weeks, Dogecoin has jumped from under $0.14 to more than $0.22. Recent movements in the crypto market over the last 24 hours have returned the king of meme coins above $0.24, moving away from a consolidation band of $0.21 and $0.235 that bounded its price behavior over the past week. Nonetheless, per a widely monitored indicator, Dogecoin’s bullish…
While a significant portion of US Senate members voted to push forward a bill regulating payment stablecoins on May 20, prominent Democrats are preparing to suggest an amendment to the law addressing former President Donald Trump’s ties to the cryptocurrency sector.As reported by Axios on May 22, Senate Minority Leader Chuck Schumer along with Senators Elizabeth Warren and Jeff Merkley plan to submit an amendment to the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, aimed at preventing a US president from benefiting financially from stablecoins. This proposed amendment follows the support of 18 Democrats who…
“`html Rationale for trust Rigorous editorial guidelines emphasizing precision, significance, and neutrality Developed by domain specialists and thoroughly vetted The utmost benchmarks in journalism and publication Rigorous editorial guidelines emphasizing precision, significance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. This article is also available in Spanish. XRP price predictions have significantly shifted with new optimistic forecasts, indicating that the cryptocurrency may be on the brink of a parabolic 64,000% surge to $1,700. Analysts supporting this bold projection refer to historical price trends and XRP’s present technical framework as…
“`html CABINET MEMBERS, comprising state financial officials, tendered their courtesy resignations on Thursday as part of President Ferdinand R. Marcos, Jr.’s “audacious restructure” of the administration to better address the requirements of Filipinos. This initiative follows the subpar performance of administration-supported senatorial candidates in the May 12 midterm elections and amidst global uncertainties stemming from trade issues that could jeopardize the Philippine economy. The Presidential Communications Office (PCO) indicated that the requests for resignations will provide Mr. Marcos “the flexibility to assess the performance of each department and decide who will proceed with their roles in accordance with his administration’s…
The Court of Appeal in the United Kingdom has partially rejected a lawsuit initiated by Bitcoin SV investors against prominent cryptocurrency exchanges, such as Binance, for purportedly conspiring to remove the token from their platforms in 2019.In a verdict delivered on May 21, the court decided that investors who possessed BSV throughout the period of its delisting (designated as “sub-class B”) were not entitled to billions in speculative compensation based on BSV’s projected growth.These investors had sought more than 8.9 billion British pounds ($11.9 billion) in compensation, claiming that Binance’s delisting robbed holders of the opportunity to gain from BSV’s…
David Sacks, the leading advisor on cryptocurrency and artificial intelligence to US President Donald Trump, mentioned that the administration anticipates the stablecoin legislation to pass the Senate with support from both parties.“We are fully optimistic now that it’s going to succeed,” Sacks stated to CNBC on May 21, after a significant procedural vote that witnessed 15 Democrats aligning with Republicans to overcome the filibuster hurdle.The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act marks the most advanced federal initiative thus far to create a legal framework for digital assets tied to the dollar.Sacks indicated that the legislation could…