Jesse is an engineering graduate and former business owner with hands-on experience in the crypto space. After running her own business, she transitioned into researching and writing about blockchain technology, decentralization, and the future of digital economies. Having worked with various crypto projects, she offers valuable insights into the expanding Web3 ecosystem.
Market News
In a major policy pivot, Pakistan has announced the formation of the Pakistan Digital Assets Authority (PDAA)—a dedicated regulatory body designed to oversee the country’s fast-growing crypto and blockchain sector. Backed by the Ministry of Finance and officially reported by state broadcaster PTV on May 21, the PDAA will supervise a wide range of digital
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A shocking abduction in Uganda has drawn fresh attention to the growing threat of crypto-targeted crimes. Festo Ivaibi, founder of blockchain education startup Mitroplus Labs, was kidnapped at gunpoint on May 17 near his residence in Kampala. The attackers, impersonating officers of the Uganda People’s Defence Forces (UPDF), forced Ivaibi to transfer $500,000 in cryptocurrency
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Excitement over Bitcoin’s new all-time high has flooded into the world of prediction markets, where traders are betting millions on the next major price milestone. Within hours of Bitcoin surpassing $109,000 on Wednesday, speculative activity surged across platforms like Polymarket, Kalshi, and Myriad Markets. On decentralized prediction platform Polymarket, Bitcoin contracts recorded more than $19
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Strive Enterprises, the asset manager co-founded by former U.S. presidential candidate Vivek Ramaswamy, is preparing a bold move into Bitcoin by targeting distressed claims tied to the infamous Mt. Gox collapse. The firm revealed in a new SEC filing that it plans to acquire as much as 75,000 BTC—currently worth over $8 billion—as part of
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Hong Kong’s Legislative Council has officially approved a comprehensive new law to regulate stablecoins, signaling a major step in the city’s bid to become a global digital asset leader. The legislation—known as the Stablecoins Bill—passed its third reading on Wednesday and introduces a mandatory licensing regime for issuers of fiat-referenced stablecoins that operate in or
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Argentine President Javier Milei has officially dissolved the special task force investigating the controversial launch of the Solana-based Libra meme coin, ending the probe without a public report and sparking renewed accusations of a government cover-up. Documents quietly posted to the government’s official website confirm that the task force—originally formed in February amid public outcry—was
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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on proposed exchange-traded funds (ETFs) tied to XRP and Dogecoin, extending its cautious approach toward altcoin-based investment products. According to filings released Tuesday, the Commission has opened formal proceedings to determine whether the applications—submitted by 21Shares and Grayscale—meet regulatory standards. The SEC will evaluate
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Bitcoin exchange-traded funds (ETFs) recorded their strongest single-day inflows since early May, with Fidelity and ARK Invest leading the pack. As institutional interest returns amid Bitcoin’s sustained rally, the two funds attracted a combined $343 million—more than half of Monday’s total inflows across all U.S. spot Bitcoin ETFs. Fidelity’s Wise Origin Bitcoin Fund (FBTC), the
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The U.S. Senate has officially advanced the GENIUS Act—a landmark bill aimed at regulating stablecoins—following a pivotal 66-32 procedural vote on May 19. The bipartisan result sets the stage for full Senate debate in the coming days. The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, had previously stalled after several
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In a move that marks a dramatic shift from his famously anti-Bitcoin stance, JPMorgan CEO Jamie Dimon confirmed on Monday that the bank will allow its clients to buy the leading cryptocurrency—though it will stop short of offering custody services. Speaking at JPMorgan’s annual investor day, Dimon acknowledged that despite his personal skepticism, the bank
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Tether has officially surpassed Germany in U.S. Treasury holdings, cementing its place as a significant player in global finance. With more than $120 billion in Treasury bills under management, the world’s leading stablecoin issuer now ranks 19th globally among sovereign and institutional holders, according to newly released Q1 2025 data. The milestone marks a strategic
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Japanese investment giant Metaplanet has deepened its Bitcoin treasury strategy with the acquisition of 1,004 BTC, marking its second-largest single purchase to date. The $104.6 million buy, announced on May 19, brings the company’s total holdings to 7,800 BTC—now valued at over $807 million based on current prices. This latest move comes just a week
