Day

May 21, 2025

Ethereum holders back in profit as ETH price enters 'crucial area' for $3K breakout

May 21, 20250
Key points:Ethereum holders are back in profit, increasing chances for a rally to $3,000 and beyond.Ether sell pressure risk exists at $2,800, where 2.27 million ETH could be sold.Ether’s recent surge to $2,700 on May 14 pushed its value above its realized price, implying that the average holder of ETH is “now back in an...

AI tool claims 97% efficacy in preventing ‘address poisoning’ attacks

May 21, 20250
Crypto cybersecurity firm Trugard and onchain trust protocol Webacy have developed an artificial intelligence-based system for detecting crypto wallet address poisoning.According to a May 21 announcement shared with Cointelegraph, the new tool is part of Webacy’s crypto decisioning tools and “leverages a supervised machine learning model trained on live transaction data in conjunction with onchain...

Hong Kong passes stablecoin bill, set to open licensing by year-end

May 21, 20250
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...

Guatemala’s largest bank integrates blockchain for cross-border payments

May 21, 20250
Guatemala’s largest bank, Banco Industrial, has integrated crypto infrastructure provider SukuPay into its mobile banking app, allowing locals to more easily receive remittances powered by blockchain technology. SukuPay’s infrastructure has been fully embedded inside the Zigi payment app, allowing Guatemalans to receive funds from the United States instantly for a $0.99 flat fee, the company disclosed...

GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption

May 21, 20250
Stablecoin adoption among institutions could surge as the United States Senate prepares to debate a key piece of legislation aimed at regulating the sector. After failing to gain support from key Democrats on May 8, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the US Senate in a 66–32 procedural vote...

Bold Technologies and My Aion launch $2.5B smart city AI platform

May 21, 20250
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...

Yield-bearing stablecoins surge to $11B, now 4.5% of market: Report

May 21, 20250
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...

Bitcoin Suisse eyes UAE expansion with regulatory nod in Abu Dhabi

May 21, 20250
Bitcoin Suisse secured an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking a major step in the Swiss crypto firm’s expansion beyond the European Union.The Swiss crypto financial service provider received the in-principle approval through its subsidiary BTCS (Middle East), according to a May 21...

Bitcoin 'blow-off top' set at $128K with new all-time highs in sight

May 21, 20250
Key points:Bitcoin tags $108,000 for the first time since the day of its current all-time highs in January.Traders and analysts mention support extending toward $90,000, but the probability of a retest is fading.Near-term upside targets include a “blow-off top” at $128,000.Bitcoin (BTC) spiked to more than $108,000 on May 21, marking new four-month highs. Where...

Crypto.com secures EU license to launch crypto financial derivatives

May 21, 20250
Mobile-first crypto exchange and payment platform Crypto.com secured a license allowing it to offer cryptocurrency financial derivatives in the European Economic Area.According to a May 21 announcement, Crypto.com secured a Markets in Financial Instruments Directive (MiFID) license.“We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward...
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