News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: The S&P 500 rose 1.6% and the Nasdaq jumped 2.2% as tech stocks like Nvidia and Amazon rallied. China confirmed there are no trade talks happening with the U.S. and called for removal of tariffs. Trump said he’s open to less confrontation on trade, but no details or negotiations have been set.
Share link:In this post: Trump is now selling a “Trump 2028” hat, openly signaling interest in a third presidential term. The original product description hinted at rewriting the Constitution but was later changed. Trump told NBC News he’s considering legal ways to bypass the two-term limit, including running as vice president.
Share link:In this post: Citigroup predicts $1.6T in stablecoin supply by 2030 in a base scenario and up to $3.7T in a bullish development. Stablecoins may replace cash reserves and some fintech apps. Blockchain may make a comeback for public spending, disbursements and transparent tracking.
Quick Take Gitcoin is shutting down its primary software development unit, Gitcoin Labs, largely due to a lack of profitability, the project announced on Friday. As part of the shift, the project will sunset its Grants Stack, a tool for managing grants programs, and the Allo Protocol blockchain funding mechanism.
- 06:01Panama City Mayor Mayer Mizrachi May Hint at Establishing Bitcoin ReservesAccording to a report by Cointelegraph, as reported by Jinse Finance, Panama City Mayor Mayer Mizrachi may have hinted at establishing a city-level Bitcoin reserve after meeting with two Bitcoin policy leaders from El Salvador. After meeting with El Salvador Bitcoin advisor Max Keiser and Bitcoin Office head Stacy Herbert, Mizrachi posted about "Bitcoin reserves" on social platform X on May 16. The three also discussed how Panama and El Salvador could use renewable energy to promote Bitcoin mining development, while Panama City will incorporate El Salvador's financial knowledge textbook "What is Money?" into its online library system. Panama City Mayor Mayer Mizrachi may have hinted at establishing a Bitcoin reserve
- 05:52Data: USDC Circulation Decreased by Approximately 800 Million in the Past 7 DaysAccording to a report by Jinse Finance, based on official data, Circle issued approximately 2.9 billion USDC and redeemed about 3.7 billion USDC within the 7 days ending May 15, resulting in a decrease in circulation of about 800 million. The total circulation of USDC is 60.5 billion, with reserves of approximately 60.7 billion USD, including around 7.3 billion USD in cash, and the Circle Reserve Fund holds about 53.4 billion USD.
- 05:52Huang Licheng Increases Holdings by 36,759 HYPE AgainOdaily Planet Daily News: According to on-chain data analyst Ember's monitoring, "Machi Big Brother" Huang Licheng spent another 1 million USDC to purchase 36,759 HYPE an hour and a half ago. Today, he has used a total of 1.75 million USDC to buy 64,043 HYPE, with an average price of $27.3.