Crypto News

MapleStory N is the first crypto entry in the long-running RPG franchise, and the Avalanche game's token and NFTs are seeing huge interest.Source link

The crypto rally took a long-overdue pause on Thursday as traders took some profits following weeks of relentless advance that lifted bitcoin BTC close to record prices.The consolidation occurred amid a slew of U.S. economic data releases. April retail sales missed expectations, producer prices rose less than forecast, jobless claims stayed on track, while the NY Empire State Manufacturing Index and Philadelphia Fed Manufacturing Survey showed softening business activity—signals that did little to rattle traditional markets. The S&P 500 added 0.4%, while the Nasdaq finished flat.Bitcoin pulled back to $101,000 early in the U.S. session before rebounding above $103,000 later, modestly down over the past 24 hours.Altcoins fared worse with the broad-market CoinDesk 20 Index declining 3% during the same...

The New York Times (NYT) reported Thursday that the Securities and Exchange Commission is investigating whether Coinbase misrepresented its now-discontinued “verified user” metric in past disclosures, according to David Yaffe-Bellany and Matthew Goldstein. The probe, citing over 100 million users in filings until 2023, began under the Biden administration and continues under President Trump’s SEC,Source link

Banks need to be part of crypto for stablecoins to succeed—that was the message from Jose Fernandez da Ponte, PayPal’s senior vice president of digital currencies, during a panel discussion at Consensus 2025 in Toronto."It might sound counterintuitive, but you do want the banks in this space," Fernandez da Ponte said, adding that their infrastructure—from custody to providing fiat rails—will be essential if stablecoins are to scale beyond crypto-native circles. "You want that connectivity and that fabric to work."His remarks came amid efforts to bring regulatory clarity for digital assets in the U.S., with lawmakers inching closer to pass stablecoin legislation that could redefine the market and allow banks to enter the space.Read more: U.S. Senate's Stablecoin Push Still Alive...

This week's top Myriad Markets include predictions on Strategy's next Bitcoin buy, the chaotic NBA playoffs, and Nintendo Switch 2 pricing.Source link