Crypto News
Ex-Google Chief Eric Schmidt Backs Firms Behind Blockchain Credit Bureau
High throughput blockchain Keeta and credit data platform SOLO, companies both backed by former Google CEO Eric Schmidt, are introducing an on-chain credit bureau to give digital asset owners access to mortgages, small business loans, and other traditional lending services.Keeta and SOLO have created PASS, a blockchain-based, bank-grade financial identity layer, using know-your-customer, income, crypto assets, and business credentials, according to a press release on Thursday.Blockchain infrastructure is synonymous with trust, so it makes sense to use the tech to store real world financial credentials, and cater to new digital paradigms within lending.The PASS product creates modern credit rails for wallets, dApps, and embedded finance, while allowing for pseudonymous lending and borrowing based on trusted credentials, the release stated.“This is...
‘Bitcoin Is Michael Jordan’, Says NBA Star Tristan Thompson—So Who’s Ethereum, Solana and XRP?
NBA star Tristan Thompson spoke with Decrypt at Bitcoin 2025, dishing on assets and athletes alike as he navigates the crypto space.Source link
ECB Slashes Rates Again—While the Fed Stands Frozen
The European Central Bank (ECB) trimmed its key interest rate by 25 basis points on Thursday, June 5, 2025, reducing the deposit rate from 2.25% to 2.0%. In contrast, the odds of the U.S. Federal Reserve delivering a rate cut remain faint at best. Polymarket, Kalshi, CME Futures Bet the Fed Won’t Budge—Trump Fumes ThisSource link
TON Surges 3%, Outperforming Declining CoinDesk 20
The cryptocurrency TON has demonstrated short-term strength with a 3% rally, according to CoinDesk Research's technical analysis model. The token's price action shows resilience despite late session volatility, with support holding at the $3.17-$3.18 zone after reaching a peak of $3.25.Meanwhile, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — is down 1.7% in the last 24 hours.Technical Analysis• TON has demonstrated remarkable strength over the 24-hour period, surging from $3.16 to a peak of $3.25, representing a range of 0.095 (3%).• Extraordinary volume exceeding 6.6 million, nearly triple the 24-hour average, established strong volume-supported resistance at $3.25.• Bullish momentum validated by consolidation above $3.22, with multiple tests...
Corporate Bitcoin Holdings Nears $85B, More Than Doubling in a Year
Bitcoin BTC has taken deeper root in corporate treasuries, with 116 public companies now holding a combined 809,100 BTC, worth around $85 billion based on current prices, at the end of May.That’s a dramatic rise from 312,200 BTC held a year ago in corporate treasuries, according to Binance Research’s latest report. Nearly 100,000 BTC has been added since early April alone.The surge appears driven by a mix of rising prices and structural tailwinds. Donald Trump adopted a pro-crypto stance during his 2024 presidential campaign, vowing to make the U.S. a global hub for the asset class and create a “crypto capital of the planet.”Since Trump took office he has moved to establish a Strategic Bitcoin Reserve and a U.S. Digital...