Crypto

SukuPay will allow Guatemalans to receive funds from the U.S. for a flat 99 cent fee, using only a phone number within their Banco Industrial mobile app Zigi.

Hong Kong's Legislative Council has passed the Stablecoin Bill, paving the way for licensed fiat-backed stablecoin issuers by year-end and positioning the region as a potential global Web3 hub. Hong Kong’s Legislative Council passed the Stablecoin Bill, paving the way for a regulated framework that could position the region as a global leader in digital assets and Web3 development. In a May 21 post on X, Legislative Council member Johnny Ng Kit-Chong said the bill had passed its third reading, clearing the final hurdle for adoption. “It is expected that by the end of this year, major institutions will be able to apply to the Hong Kong Monetary Authority to become licensed stablecoin issuers,” Ng said. Read more

U.S.-listed miners also produced fewer bitcoin last month than in March.

The pattern has raised the probability of ratio breaking out of its prolonged sideways trend in a sign of major XRP uptrend.

Cardano's performance in Q1 2025 reflected a network in transition against a challenging market backdrop. ADA's market cap declined 21% QoQ to $23.8 billion as the token price fell 22% to $0.66, largely tracking the broader 19% decline in total crypto market cap. Network activity showed reduced engagement with quarterly fee revenue dropping 32% to $1.2 million while average daily transactions fell 28% to 71,500. Notably, despite price volatility, staking commitment remained stable with total staked ADA decreasing only 1% to 21.6 billion, underscoring continued long-term holder conviction. Ecosystem metrics revealed divergent trends, with DeFi TVL contracting 29% QoQ to $319.3 million (compared to a 17% industry average decline). In comparison, the stablecoin market cap expanded 30% to $30.1 million, driven by fiat-backed options like USDM and USDA. The Plomin Upgrade, enacted via CIP-1694, empowered 1,220 DReps to drive trustless governance, marking a historic milestone. With Ouroboros Leios poised to reduce ...

Yield-bearing stablecoins have surged to $11 billion, driven by regulatory shifts and increasing user demand, with Pendle capturing 30% of that. Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the start of 2024. One of the biggest winners is Pendle, a decentralized protocol that enables users to lock in fixed yields or speculate on variable interest rates. Pendle now accounts for 30% of all yield-bearing stablecoin total value locked (TVL), roughly $3 billion, the firm said in a report shared with Cointelegraph.   Pendle noted that stablecoins make up 83% of its $4 billion total value locked, a sharp rise from less than 20% just a year ago. In contrast, assets such as Ether (ETH), which historically contributed 80%–90% of Pendle’s TVL, have shrunk to less than 10%. Read more

Your day-ahead look for May 21, 2025

The decision reversed a lower court ruling that seized cash totalling $28,000 should be returned to the scam victims.

Bold Technologies and My Aion unveiled plans to develop a $2.5 billion AI-powered platform that will debut in Abu Dhabi, United Arab Emirates. Abu Dhabi-based Bold Technologies, a subsidiary of conglomerate Bold Holdings, has partnered with international artificial intelligence company My Aion to launch a $2.5 billion smart-city initiative aimed at transforming urban infrastructure through AI. The companies announced the development of a platform called Aion Sentia Cognitive City, which manages complex urban systems. The platform will be powered by Maia, an AI core engine developed by My Aion, and aims to optimize and manage systems across mobility, energy, education, healthcare and digital services.  My Aion CEO Daniele Marinelli said the AI will know the user well enough to “recommend the perfect place for your anniversary dinner and book it for you without you lifting a finger.” Read more

UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X. LIVE AUDIO SPACE - https://x.com/i/spaces/1ZkKzYOEazLxv Links: https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradio Hosts: https://twitter.com/deeze https://twitter.com/CSURAM88 https://twitter.com/artgeebz https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets https://www.instagram.com/myriadmarkets #bitcoin #crypto #podcast

Texas lawmakers voted 105-23 to advance Senate Bill 21, a crypto reserve measure that could influence the state’s approach to digital assets.

Australia’s corporate regulator is seeking High Court clarity on how crypto yield products should be regulated under financial law.

Google’s demo of the Android XR showed off features including livestreaming, photo capture, and Google Maps virtual display.

An American tourist has lost more than $123,000 in crypto after being drugged and abducted by a fake Uber driver in London’s West End.

The SEC alleges Unicoin misled over 5,000 investors in a $100 million crypto offering with false claims about asset backing and registration.

Eric Adams told a crypto conference that he wants to make New York City the “crypto capital of the globe” and will make policy recommendations in the coming weeks. New York City Mayor Eric Adams says he will create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.” “This is not about chasing memes or trends,” Adams told the inaugural New York City Crypto Summit on May 20. “We want to use the technology of tomorrow to better serve New Yorkers today.” “We have experts right here, and they are going to help us navigate solutions that serve our city,” he added. “The age of tokenization, which includes crypto and blockchain and other fintech innovations, that age is here, and we’re going to continue to move forward with it.” Read more

Unicoin’s CEO announced last month that he’d rejected the SEC’s offer to negotiate a settlement.

The SEC alleged thousands of investors were drawn by “fictitious promises” that Uniconi's crypto assets were backed by real-world assets. The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100 million from investors. The SEC said on May 20 that it charged Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez with misleading investors about certificates that conveyed rights to receive Unicoin tokens and stock. Mark Cave, associate director in the SEC’s Division of Enforcement, claimed the trio “exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including an international portfolio of valuable real estate holdings.”  Read more

Strive said it is looking to acquire 75,000 Bitcoin from claims tied to Mt. Gox to buy the cryptocurrency at a discount. Vivek Ramaswamy’s Strive is looking to build its Bitcoin holdings by purchasing distressed Bitcoin claims at a discount, starting with claims tied to 75,000 Bitcoin at the bankrupt crypto exchange Mt. Gox. Strive said in a May 20 regulatory filing that it partnered with 117 Castell Advisory Group LLC to target claims to Bitcoin (BTC) that have received definitive legal rulings but are still awaiting distribution. The company said buying the claims would allow it to purchase Bitcoin at a discount and grow its Bitcoin per share ratio ahead of its planned reverse merger with Asset Entities — which is expected to be completed sometime mid this year. Read more

Google's SynthID Detector scans media for watermarks to expose AI-generated content as its use becomes widespread in the classroom.