Author: Isabella Taylor
The Grass crypto token price continued surging this week and reached its highest level since March 6 this year as its scraped data jumped to a record high. Grass (GRASS) surged to a high of $2.4078, up nearly 70% from its monthly low, bringing its market capitalization to over $578 million. Daily trading volume jumped 215% to $151 million. According to the Grass Foundation, daily data scraped jumped to a record high of 1,762 terabytes, up from this week’s low of 200 terabytes. The previous daily record was 1.745 terabytes in March. Grass utilizes unused internet bandwidth from user devices…
JPMorgan Chase has taken a step toward integrating with a public blockchain transaction using Ondo Finance and Chainlink. On Wednesday, the bank announced that it had settled a transaction on a public blockchain for the first time, using technology from Chainlink (LINK) and Ondo Finance (ONDO), according to Fortune reporting. The transaction, conducted in early May, involved JPMorgan’s blockchain division, Kinexys, moving funds between accounts on its private network to settle a purchase of tokenized U.S. Treasuries on Ondo’s public platform. According to Ondo Finance, the transaction was the first cross-chain, atomic Delivery versus Payment settlement of a tokenized asset…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP’s breakout fizzles as Remittix enters the PayFi arena, sparking talk of 400x returns and threatening to outpace Ripple’s decade-long mission. XRP has just shattered its recent wedge pattern, igniting fresh excitement across the crypto space. This classic chart move could be the signal bulls have been waiting for, and if momentum holds, XRP might be gearing up for its next major rally. Traders are watching closely to see if this breakout has real legs, but the long-term outlook…
U.S. stocks were looking to extend recent gains after the S&P 500 erasing its year-to-date losses. The S&P 500 opened 0.24% up, while Dow Jones Industrial Average opened 0.2% higher. Nasdaq on the other hand, edged higher with 0.38% at open. U.S. consumer price index data, coupled with positive vibes around the U.S.-China deal, had seen stocks climb on Tuesday, May 13. As the gains across equities cascaded into other risk assets, the benchmark index S&P 500 saw its year-to-date losses evaporate. The Dow Jones Industrial Average, which had slipped on Tuesday, also edged up. Investor bullishness also had the…
Edgen released its AI ‘super app’ beta version for crypto traders, giving them AI-driven insights into the markets. Companies are increasingly exploring AI’s potential to give crypto traders an edge. On Wednesday, May 14, Edgen released the beta version of its AI-powered “super app” to the public. According to the company, the app is an integrated platform for specialized AI agents that tap into social sentiment and on-chain data in real time. Bad news: Markets don’t care about your feelings.Good news: Edgen just launched. It doesn’t have feelings either, but it’s on your side.Sharp on-chain & social signals, instant clarity,…
Global asset management firm UBS found that their high net worth clients have chosen to abandon the dollar as well as its linked assets in favor of investing in more alternative assets such as gold and crypto. According to a report by Chinese media Cailian News, co-head of UBS Group’s Asian Wealth Management, Amy Lo, said that more wealthy investors are leaning more towards alternative assets as well as Chinese assets than ever before. Lo said that alternative assets such as gold and cryptocurrencies have become very popular recently in light of the economic volatility triggered by Trump’s blanket trade…
The Ethereum Foundation has unveiled the “Trillion Dollar Security” initiative, a wide-ranging effort to scale Ethereum’s security infrastructure to a level capable of supporting trillions of dollars in onchain value. Announced on May 14, the program reflects Ethereum’s (ETH) ambition to serve as “civilization-scale infrastructure” that rivals and surpasses legacy financial systems in safety and resilience. The initiative will be led by Fredrik Svantes, the Foundation’s Protocol Security Lead, and Josh Stark of the EF management team. This initiative could be a catalyst for future price gains, as investors weigh its potential to boost institutional trust and onchain adoption. Over…
Dogecoin price has rallied this month, mirroring the performance of Bitcoin and most altcoins. Dogecoin (DOGE), the biggest meme coin in the crypto industry, rose to $0.2357 on Wednesday, up by almost 80% from its lowest point in April. This recovery has led to speculation that it may jump to $1 during this cycle. Dogecoin has a few catalysts that may support its upward trend. The most notable is the potential approval of DOGE ETFs filed by companies like Bitwise, Grayscale, 21Shares, and Rex Shares. Polymarket odds of a spot DOGE ETF approval have risen to 63%, up from this…
Kazakhstan is pushing forward with plans to modernize its energy system through digital mining and expand crypto trading beyond the Astana International Financial Centre economic zone. In an op-ed published in Kazakhstanskaya Pravda, Kanysh Tuleushin, First Vice Minister of Digital Development, Innovation and Aerospace Industry, outlined the government’s strategy to use digital mining to upgrade the country’s energy infrastructure and improve efficiency. Under a proposed “70/30” model, foreign investors would fund upgrades to thermal power stations, with 70% of the new energy output directed to the national grid and 30% allocated for mining operations. Tuleushin noted that this model mirrors…
The Genius Act regulating crypto in the U.S. could have been adopted in May, but Democrats blocked it in the Senate. However, various companies have already prepared several projects associated with stablecoins, and the failure of the bill doesn’t seem… Source link