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Author: Isabella Taylor
Crypto.com has partnered with Canary Capital Group to launch the Canary CRO Trust, the first U.S.-based investment product offering regulated exposure to its native token Cronos. Singapore-based crypto trading platform Crypto.com has partnered with Canary Capital Group to launch the Canary CRO Trust, marking the first investment product in the U.S. that provides exposure to the Cronos (CRO) token. This new trust allows qualified U.S. investors to hold CRO in a regulated and secure manner. The partnership with Canary Capital comes on the heels of Crypto.com’s previous collaboration with Trump Media & Technology Group to introduce a series of digital…
Trump’s WLFI partners abandoned a hacked crypto DEX, pocketing millions instead of reimbursing its victims. The Trump family’s crypto ventures are once again under scrutiny due to their associations with unsavory characters. On Monday, May 19, Reuters released a report about World Liberty Financial partners’ past mismanagement of a since-abandoned crypto exchange. Zak Folkman and Chase Herro, two key figures in WLFI, were also founders of Dough Finance, a controversial platform that enabled heavily leveraged crypto trades. The platform suffered a devastating hack in July 2024, resulting in $2.5 million in user losses. Folkman and Herro acknowledged that the breach…
Hedera Hashgraph price continued its downward trend on Monday, May 19, as demand for Bitcoin and other altcoins eased. Hedera Hashgraph (HBAR) dropped to $0.1870, down by almost 20% from its highest level this month and 54% from its highest in November last year. The ongoing HBAR price retreat happened as the crypto market lost momentum. Bitcoin (BTC) retreated to $102,000, a day after it hit $107,000 for the first time since January. Third-party data shows that Hedera’s network fundamentals remain strong, with the total value locked in its decentralized finance ecosystem rising by 15% over the last 30 days…
Ethereum price dropped on Monday as risk-off sentiment continued in the crypto and stock markets, and after a whale capitulated at a significant loss. Ethereum (ETH) fell to $2,400 on Monday, down from this month’s high of $2,732. The decline wiped out $35 billion in market capitalization, which dropped from $325 billion on May 14 to $289 billion. ETH retreated after a large holder capitulated. According to Lookonchain, the whale withdrew 7,000 ETH worth $16.8 million at a loss. Previously, the same address had withdrawn 13,479 ETH worth $48.82 million between Dec. 5 and Jan. 13. The whale still holds…
Stocks opened lower on Monday as Wall Street flipped negative after Moody’s downgraded the United States’ credit rating. The S&P 500 fell 0.8% at the open, while the Nasdaq Composite dropped 1%, as the downgrade combined with broader market concerns to dampen investor sentiment. The blue-chip index and the Dow Jones Industrial Average each lost more than 200 points in early trading although within the first 45 minutes of trading buyers came in and pushed major indices to nearly flat. As stocks and the dollar reacted lower, Treasury yields spiked. The 30 year Treasury yields climbed to the 5% level,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Memecoin XYZVerse eyes a breakout with $13m raised, big exchange listings teased, and bold ambitions to rival top tokens like DOGE and SHIB. The crypto market is experiencing significant shifts. A new coin has reached an impressive price level, with its total value locked soaring to new heights. Another platform is gaining momentum due to a recent boost from a key technology. Meanwhile, a fresh project has surpassed its presale funding goals, hinting at promising returns. These developments are…
SEC Chairman Paul Atkins issued a sharp critique of the agency’s past crypto strategy, calling it ineffective and damaging to market trust. In a speech published on the SEC’s website, Atkins said the Commission’s previous posture—initially ignoring crypto and then relying heavily on enforcement—had failed to provide clarity and discouraged engagement from legitimate players. “It seemed like a catch-22,” Atkins said. “The message was, ‘You go figure it out.’ That environment did not create trust.” To rebuild that trust, Atkins directed the Division of Corporation Finance to engage more transparently with market participants. He emphasized that while formal crypto rulemaking…
Oasis, the layer-1 blockchain with a production-ready confidential Ethereum Virtual Machine, saw its native token fall more than 9% as bearish momentum dragged the price to multi-month lows. The price of Oasis (ROSE) declined over 9% in the past 24 hours, trading at lows of $0.0314 as the broader crypto market turned negative. The losses have pushed the ROSE price down more than 22% over the past week. While the altcoin remains in the green on the monthly timeframe, up 68% since hitting lows of $0.019 on April 7, 2025, the current price is over 94% below its all-time high…
Brad Garlinghouse, chief executive officer of Ripple Labs, has hailed the decision by CME Group to launch the first regulated XRP futures. In a statement, Garlinghouse said that the launch of Ripple (XRP) and Micro XRP futures was a ‘key milestone’ for his company. He also revealed that Hidden Road, the prime brokerage recently acquired by Ripple Labs, cleared the first block at the CME open. The launch of XRP futures gives investors exposure to the price of XRP, while also providing greater transparency and risk management capabilities. The launch of regulated XRP Futures on @CMEGroup marks a key institutional…
Solana is down 6%, reflecting a broader decline in the markets, as liquidations contribute to volatility. Solana (SOL) is down amid a broader market decline, caused by a spike in liquidations. On Monday, May 19, Solana dropped 6.02%, trading at $163.97 amid a sector-wide pullback caused by the ongoing macroeconomic uncertainty. Almost all crypto tokens that aren’t stablecoins were in the red today, with a few suffering double-digit losses. Bitcoin was the least affected, only losing 0.52% and still trading at $104,770. The reason for the decline is likely due to widespread liquidations of long positions, which usually cause volatility.…