Macroeconomic concerns prompt investing in spot Bitcoin ETFs

Key takeaways: Bitcoin demand is driven by investors’ macroeconomic fears, not just spot BTC ETF netflows. Global bond market volatility is boosting Bitcoin’s safe-haven appeal, with interest rate cuts and rising inflation triggering a shift into risk assets. Crypto analysts say investors’ interest in Bitcoin (BTC) is increasingly tied to its role as a hedge … Read more

Xend Finance, Risevest Launch Tokenization Platform in Africa

Xend Finance, a decentralized finance project backed by Binance and Google, is launching a platform in Africa to offer tokenized access to global real estate and stock markets. Partners in the launch include Risevest, a digital wealth management platform that offers individual and institutional investors exposure to global markets. The company recently acquired a broker-dealer … Read more

Bitcoin heads toward $100K, but BTF futures predict recovery

Key takeaways: Bitcoin price metrics show restrained profit-taking and strong support near $96,000–$104,000. A $3.7 billion open interest drawdown reset an overheated market and preps BTC for a possible rebound. Bitcoin (BTC) is down 4.50% for the week and could revisit the $100,000 level over the next few days, but data suggests that prolonged trading … Read more

ETH, SOL ‘very rare’ staking ETFs may launch imminently — Analysts

The first Ethereum and Solana staking exchange-traded funds (ETFs) could debut in the United States within a matter of weeks, following a recent filing by ETF provider REX Shares that used “regulatory workarounds,” according to ETF analysts. The staking component has been highly anticipated for spot Ether (ETH) ETFs since their launch in July 2024, … Read more

Ethereum network growth, bullish ETH futures support $2.4K

Key takeaways: Ether (ETH) has repeatedly failed to break above $2,700 since May 13, but despite this short-term weakness, Ether’s price has outperformed the broader cryptocurrency market capitalization by 17% over the past 30 days, raising the likelihood of a correction as macroeconomic uncertainty continues. Investors are concerned that declining interest in decentralized applications (DApps) … Read more

NYC Comptroller rejects Mayor Adams’s proposal for Bitcoin-backed bonds

New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine investor confidence. In a May 29 statement, Lander said he would not allow the New York City to issue the crypto-tied debt instrument while he … Read more

FTX Bankruptcy Estate distributes $5 billion

The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requirements. According to a May 28 announcement, the creditors’ distribution will include Dotcom Customer Entitlement Claims, which … Read more

MEXC detects 200% surge in fraud during Q1

The MEXC crypto exchange observed a 200% quarter-over-quarter surge in fraudulent trading activity between January and March 2025, it said in its quarterly report. According to the exchange, 80,057 organized fraud attempts from over 3,000 fraud syndicates were identified in Q1. The fraudulent activity included market manipulation, wash trading, and automated trading bots exploiting users … Read more