BingX Crypto & Financial News
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๐ŸŒ Your portal to the crypto and financial world. Breaking news, insights, and analysis from BingX and crypto market.
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Kansas plans to establish a strategic reserve of Bitcoin.
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Binance CEO Changpeng Zhao warns that AI may result in job losses. He suggests that investing in cryptocurrency can offer financial security, advising individuals to buy and hold assets now for retirement in the coming years.
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CZ: AI may lead to job losses. Investing in cryptocurrency offers an alternative path to financial security. Purchase and hold now to potentially retire in the coming years.
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Today's summary and tomorrow's events โ€” https://t.me/bingx1/2147483647
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BingX Crypto & Financial News
Silver reaches new all-time high at $95.
Silver prices reach new record at $95
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BingX Crypto & Financial News
JPMorgan Chase has closed the corporate and personal bank accounts of Huston Morgan, the chief executive of the ShapeShift cryptocurrency platform.
Former President Donald Trump has initiated a $5 billion lawsuit against JPMorgan Chase in a Florida court, alleging the bank refused service to his accounts. cointelegraph
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Vitalik Buterin predicts 2026 will be pivotal for advancing computational self-sovereignty, emphasizing its broader implications beyond blockchain. He noted that in 2025, he adopted decentralized documentation utilizing open source and encryption, and transitioned to Signal for messaging, replacing Telegram.
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Leading projects driving increased whale activity this week, according to Santiment.
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BingX Crypto & Financial News
Neynar has acquired Farcaster (Clanker).
Dan Romero, co-founder of Farcaster, confirmed that the protocol will remain operational, dismissing reports of a shutdown. In December, Farcaster reported 250,000 active monthly users and over 100,000 funded wallets. Neynar, a venture-backed startup, has acquired the platform with plans to refocus development efforts. Merkle has stated its intention to return the full $180 million raised to investors.
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BingX Crypto & Financial News
The Senate Banking Committee has indefinitely halted progress on the cryptocurrency market structure bill following Coinbase's withdrawal from the initiative. The committee is not expected to revisit the bill for several weeks. coindesk
Coinbase vice president cited "critical issues" in the Senate cryptocurrency bill as the reason for the company's unexpected withdrawal of support. coindesk #regulation
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Ark Invest believes that Bitcoin (BTC) and tokenization will serve as primary drivers for the next phase of growth in digital assets.
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The number of daily active addresses on the Ethereum main network exceeds those on all Layer 2 networks. cointelegraph
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ETH daily active addresses on the Ethereum mainnet exceed those on all Layer 2 networks. cointelegraph
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Capital One has acquired Brex, a provider of credit card and stablecoin payment solutions. coindesk
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Ledger is in talks with Goldman Sachs, Jefferies, and Barclays regarding a potential U.S. IPO, potentially as soon as this year, that could value the company at over $4 billion, according to the Financial Times.
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BingX Crypto & Financial News
Spot Bitcoin ETFs saw net withdrawals totaling approximately $708.7 million yesterday, while spot Ether ETFs experienced net outflows of around $287 million.
Crypto ETFs Experience $74.2 Million in Outflows as BTC and ETH Funds Face Capital Exodus
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Bitmine has staked an additional 171,264 ETH, bringing its total to $503.2 million. OTC Kit has purchased a further 20,013 ETH, valued at $59.07 million. A whale has withdrawn 10 million ENA from Bybit and subsequently staked it. A new wallet acquired 4.02 million Fartcoin for $1.22 million, 400.23 million PUMP for $1 million, and 38,504 META for $234,000.
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Coinbase has formed a board to assess potential risks that quantum computing may pose to blockchain technology. cointelegraph
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Most cryptocurrencies aside from Bitcoin have been in a bear market since December 2024, according to Pantera Capital. The market capitalization of non-Bitcoin assets, including Ether and stablecoins, has dropped approximately 44% from its late-2024 peak. The firm attributes the decline primarily to macroeconomic instability, decreased leverage, and fundamental concerns about token value accumulation. Nonetheless, Pantera notes that the length of this downturn aligns with previous crypto bear markets, potentially setting the stage for a more positive environment in 2026 if macro fundamentals improve. coindesk
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GameStop wallets transferred their Bitcoin holdings to Coinbase Prime, likely for liquidation. Between May 14 and May 23, 2025, the wallets acquired 4,710 BTC at an average price of $107,900, amounting to approximately $504 million. Currently, the assets are being sold at around $90,800, generating an estimated loss of $76 million.
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Binance has applied for a MiCA license in Greece. cointelegraph
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