Coindesk

After softly rising over the weekend, bitcoin BTC slipped back to $109,000 on Monday in sluggish trading as traditional U.S. markets remained closed in observance of Memorial Day.The top cryptocurrency is still up 1.7% in the last 24 hours and only a breath away from the all-time high it notched last week.Looking at the CoinDesk 20 — an index of the top 20 digital coins by market capitalization, except for stablecoins, memecoins and exchange coins — the day’s big winner is decentralized exchange Uniswap UNI, which saw its token rise 6.6%. Tokens for Chainlink LINK and Avalanche AVAX also gained 3.3% and 3.4% respectively.The gains happened overnight, spurred by the Trump administration's temporary walkback on EU tariffs. Trump said on...

Trump Media and Technology Group (DJT), the company that operates the social media site Truth Social, is planning to raise $3 billion to buy crypto assets, the Financial Times reported on Monday.The capital raise, which is said to combine an equity raise and convertible bond offering, could be announced at this week's Bitcoin 2025 event held in Las Vegas, according to the report.The news comes as a growing roster of public firms are adding cryptocurrencies, predominantly bitcoin BTC, to their balance sheets, taking a page from Michael Saylor-helmed Strategy's (MSTR) increasingly popular playbook. The software firm has become the world's largest corporate holder of the leading crypto asset, accumulating over $62 billion in BTC in its treasury by financing the...

The Dubai Land Department (DLD), a government agency for the real estate industry, has launched its first tokenized real estate platform as part of a government-backed effort that could see $16 billion worth of real estate digitized by 2033.The platform, called Prypco Mint and developed in partnership with real estate fintech firm Prypco, allows investors to purchase fractional ownership in Dubai properties using local currency starting at 2,000 dirhams, or about $540, according to a Sunday press release by the agency.In the initial phase, the platform only supports dirham transactions and is available to United Arab Emirates ID cardholders, but the agency said it plans to expand access globally in the near future and integrate more platforms later. Zand Digital...

Binance Square, the social network platform rolled out by crypto exchange Binance in October 2022, is launching a livestream product.The feature, Binance said, will provide experienced traders and content creators another means of engaging their audience. Livestreams should foster learning, increase engagement on the platform, and enhance users' market insights.Livestreaming is already a feature on large social media platforms such as X. Notably, the Solana-based token production protocol pump.fun shut down its own livestreaming feature in November after some of its users performed pornographic or dangerous acts. It quietly revived the product in April with additional guardrails.Source link

The U.S. Senate has never been closer to approving a major piece of crypto legislation as it mulls the stablecoin-regulation bill, but some Democrats are insisting that the final debate needs to address the accused conflicts of President Donald Trump.Proponents of the U.S. stablecoin legislation were hoping to cap off their effort in a single week, but debate will continue into a second week of floor action on the bill to set oversight of the dollar-based tokens at the heart of digital assets trading.Part of that debate will be a push from a prominent faction of Democrats, including Senators Elizabeth Warren and Chris Murphy, to amend the legislation to directly ban the president and other senior government officials (including members...