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Bitwise Asset Management has taken a bold step by submitting an application to the US SEC for a spot NEAR exchange-traded fund, marking a major milestone for the altcoin market. The filing, announced on May 6, positions NEAR, a layer-1 blockchain known for its scalability, among a wave of cryptocurrencies seeking ETF approval. This move…

The USD/JPY currency pair is showing a bearish trend that began on July 3, 2024, and is expected to continue declining toward the 136.50 level. In the short term, the price movement since the March 28, 2025 high is forming a zigzag pattern, according to Elliott Wave analysis. From the March 28, 2025 high, the…

Lee Jae-myung, the frontrunner in the upcoming South Korean presidential elections, has promised to cut crypto transaction fees and approve Bitcoin spot ETFs if he wins June 3’s poll. Per the South Korean newspaper Hanguk Kyungjae, Lee made a series of pledges to younger voters while speaking at an event in North Chungcheong Province on…

Key Takeaways: Visa’s investment in BVNK indicates mainstream confidence in stablecoins as the next wave of global payments. BVNK’s U.S. expansion and $12B annual processing show the rapid business adoption of stablecoin rails. This partnership positions Visa at the competitive forefront among players, bridging traditional finance with scalable crypto payment infrastructure. BVNK, a leading stablecoin…

The Internal Revenue Service (IRS) is tapping longtime official Trish Turner to lead the organization’s Digital Assets Office, as stated in a May 5 report from Bloomberg. Trish Turner Tapped For Top Position According to the media outlet, Turner will serve as the crypto unit’s head after spending nearly two decades with the agency. The…

Ranking Member of the House Financial Services Committee Maxine Waters (D-CA) and several of her fellow Democratic House members walked out of a joint hearing Tuesday morning in protest of U.S. President Donald Trump’s ties to crypto. Waters Boycotts Crypto Hearing Titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st…

Aave ($AAVE), the native token of the leading DeFi lending platform, is currently trading at $165.88, marking a 5.7% drop in the past 24 hours. Once peaking at $666.86 during the 2021 DeFi bull run, $AAVE has since settled into a trading range between $100 and $350. Despite recent volatility, the token remains up by…

When Ethereum first crossed the $1,400 mark in January 2018, the network’s total stablecoin market cap stood at a humble $124,500. According to DeFiLlama data, as of May 6, 2025, that figure skyrocketed to a massive $124.5 billion, marking a one-million-fold increase. Source: DeFiLlama This rapid rise has not occurred in isolation. Ethereum’s stablecoin market…

While OpenAI walks away from profits to return to its nonprofit roots, MIND of Pepe ($MIND) AI project is sprinting in the opposite direction – straight toward them. MIND of Pepe, a crypto-native AI trading agent, is now in the final 25 days of its presale. Unlike OpenAI’s altruistic pivot, MIND of Pepe is built…

Citi announced a new partnership with Switzerland-based SIX Digital Exchange (SDX) on Tuesday to tokenize companies on the digital exchange. The collaboration, revealed at the Point Zero Forum in Switzerland, seeks to address longstanding inefficiencies in the private market ecosystem for both issuers and investors. Citi and SDX are teaming up to tokenize late-stage private…