Crypto News
Wall Street Firm Cantor Begins Bitcoin Lending Operations
Cantor, a Wall Street investment bank, has launched its bitcoin financing business, completing initial trades in May and planning to provide up to $2 billion in institutional lending. Cantor Offers Up to $2B in Financing for Bitcoin Holders The service allows institutional bitcoin holders to secure loans using their cryptocurrency as collateral, aiming to addressSource link
Steak n’ Shake COO Says Bitcoin Payments Cut Processing Fees in Half
LAS VEGAS, Nevada — Steak n’ Shake has only been accepting bitcoin payments for two weeks, but the American fast food chain’s COO Dan Edwards said it’s already been a “win” for both the company and its customers.Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Edwards said that bitcoin payments have been faster and cheaper than traditional credit card payments.“When customers choose to pay in bitcoin instead of credit cards, we are saving about 50% in our processing fees,” Edwards said. “This means that bitcoin is a win for the customer, it’s a win for us as a merchant, and it’s a win for the bitcoin community.”Edwards said that on May 16, the day Steak n’ Shake began accepting bitcoin...
Publicly Traded SharpLink Raises $425M to Create Ethereum Treasury, Stock Jumps 420%
Backed by Consensys and other crypto firms, the Nasdaq-listed SharpLink Gaming is pivoting to Ethereum—and seeing a massive stock surge.Source link
Saylor Slams Proof-of-Reserves: ‘It’s Like Publishing Your Kids’ Bank Accounts’
Warming up for the Bitcoin 2025 conference in Las Vegas, Strategy founder Michael Saylor was asked to weigh in on the concept of proof-of-reserves. Saylor didn’t mince words, dismissing the idea entirely by stating it “dilutes the security” and calling it a flat-out “bad idea.” Saylor’s ‘Bad Idea’ Comment on Reserve Transparency Ignites Crypto ClashSource link
XRP Bounces Back as Bulls Defend Key Technical Support
Global economic tensions and trade disputes continue to influence cryptocurrency markets, with XRP demonstrating remarkable resilience despite recent capital outflows. The digital asset saw its market capitalization fluctuate from $137.5 billion to $133.39 billion before partially recovering to $135.86 billion, highlighting the ongoing volatility. Despite these challenges, XRP maintains position above critical technical support levels including the 50-day SMA at $2.26, suggesting underlying strength in its market structure.Technical Analysis HighlightsPrice range: XRP traded between $2.275 and $2.356, representing a 3.56% range over 24 hours.Volume support: Significant volume spike to 71.18M at the $2.275 level during the 01:00 hour on May 27.Consolidation pattern: Hours following the initial support showed price consolidation before renewed buying.Secondary volume surge: Another high-volume increase to 74.36M...