Crypto news
Webus International Limited (NASDAQ: WETO), a Chinese mobility and hospitality company, has filed a Form 6-K with the United States Securities and Exchange Commission (SEC), disclosing its plan to raise up to $300 million for an ambitious XRP-focused corporate treasury initiative. This strategic move places Webus among a small but growing number of public companies…
Sberbank, Russia’s largest financial institution, has launched the nation’s first structured Bitcoin (BTC) bonds, marking a groundbreaking step in integrating cryptocurrencies into traditional finance. Announced in late May 2025, this initiative reflects Russia’s evolving acceptance of digital assets within a regulated framework. With over $550 billion in assets under management, Sberbank is leading the charge…
The Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority of Singapore, has taken a decisive step to tighten regulatory oversight of its rapidly evolving cryptocurrency sector. The MAS has directed unlicensed crypto service providers to halt all overseas operations by June 30, 2025. The directive was issued by the Monetary Authority…
IG Group Holdings plc, a prominent UK-based online trading provider, has launched direct cryptocurrency trading services for retail investors, marking a pivotal expansion of its digital asset offerings. The new service allows users to buy, sell, and hold a wide array of cryptocurrencies directly, moving beyond the firm’s prior offerings of Contract For Difference (CFD)…
According to Dr. Sean Dawson, Head of Research at Derive, May has been a standout month for the major cryptocurrencies, especially Bitcoin (BTC) and Ethereum (ETH). BTC has surged 12%, moving from $94,500 to $106,000 in May, while ETH has seen a massive rise of 48%, climbing from $1,790 to $2,670 today. BTC and ETH…
El Salvador has once again doubled down on its Bitcoin strategy, purchasing eight more bitcoins despite mounting pressure from the International Monetary Fund (IMF) to curb its cryptocurrency activities. The move, announced by the country’s Bitcoin Office, comes shortly after the IMF praised El Salvador’s economic reforms during a review of a $1.4 billion loan…
