Day

May 15, 2025

Tariff doubts push NFL, NBA to bet big on digital merch

May 15, 20250
As more and more businesses are impacted by tariff volatility, some executives, like Ridhima Kahn, vice president of business development at Dapper Labs, are viewing the assault on the cost of physical goods as another use case for digital markets powered by blockchain to shine.“I’m seeing a lot of brands rethinking where revenue and fan...

Tron’s USDT supply to surpass Ethereum’s with new $1B mint

May 15, 20250
Stablecoin issuer Tether minted another 1 billion USDt tokens on Tron, pushing the network’s authorized USDT supply to surpass Ethereum’s.On May 15, blockchain data showed that Tether’s treasury minted $1 billion of its dollar-pegged stablecoin, USDt (USDT), into the Tron network. As of May 14, Tether’s stablecoin transparency page shows that Tron’s authorized USDT totals $73.7...

Stablecoins seen as ideal fit for real-time collateral management

May 15, 20250
Cryptocurrencies and stablecoins are gaining recognition in the traditional finance (TradFi) space for their ability to streamline payments and increase efficiency in existing financial systemsIn finance, collateral management refers to the process of managing the underlying collateral securing other financial transactions, such as loans or derivatives, to mitigate credit risks and ensure smooth transactions.Digital assets...

Jim Chanos takes opposing bets on Bitcoin and Strategy

May 15, 20250
Prominent short-seller Jim Chanos, once a vocal critic of Bitcoin and cryptocurrencies, revealed a new trading play that involves shorting shares of Strategy (formerly MicroStrategy) and buying Bitcoin.At the Sohn Investment Conference in New York, Chanos told CNBC he’s “selling MicroStrategy stock and buying Bitcoin.” The investor described the move as buying something for $1...

Bitcoin to $1M by 2028 as Hayes tells Europe to ’get your money out’

May 15, 20250
Key points:US treasuries and foreign capital “repatriation” make a recipe for $1 million BTC, says Arthur Hayes.Europeans face tightening capital controls, inviting a recommendation to take back control of personal funds.Seven-figure BTC price targets are already gaining traction.Bitcoin (BTC) will shoot to $1 million in just three years thanks to global macroeconomic shifts, Arthur Hayes...

Pi Network to invest $100M in startups building blockchain apps

May 15, 20250
Mobile-first blockchain Pi Network has launched a $100 million fund to invest in initiatives built on its infrastructure.According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars. The fund will invest in startups and businesses building on...

Is the XRP price rally over for now?

May 15, 20250
Key takeaways:XRP forms a double top and rising wedge, signaling short-term downside risk toward $1.94.NUPL indicates traders are in denial, resembling past pre-crash phases.Long-term charts still point to bullish targets between $3.69 and $17.XRP (XRP) has rebounded by more than 50% over a month after forming a local low at $1.80. Improving risk appetite and...

Coinbase refuses $20M ransom after support agent data breach

May 15, 20250
Coinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said.According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with a small number of customer support contractors to access internal systems...

Pareto launches synthetic dollar backed by private credit

May 15, 20250
Private credit marketplace Pareto has introduced a new synthetic dollar aimed at linking institutional investors with decentralized finance (DeFi) opportunities — a move that highlights the expanding role of stablecoins in global finance.The newly launched USP synthetic dollar is fully backed by real-world private credit, Pareto told Cointelegraph on May 15. To mint USP, users...

The value of virtual: Economies are powered by ownership of the intangible

May 15, 20250
Opinion by: Yat Siu, executive chairman and co-founder, Animoca BrandsA discussion on digital property rights, copyright, intellectual property, the open metaverse, AI and value without physical form.When I attend conferences and similar public events, someone almost always approaches me to ask how cryptographic tokens (fungible or non-fungible) can have value even though tokens are virtual...
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