Author: James Wilson
Bitcoin whales are quietly stacking while retail traders sell off, indicating growing confidence among long-term holders. On-chain data from Santiment, shared on a May 7 post on X, shows that wallets holding between 10 and 10,000 Bitcoin (BTC) have added over 81,000 BTC in the past six weeks. The holdings of this group, which typically tracks long-term trends, increased by 0.61%. Smaller wallets with less than 0.1 BTC, on the other hand, sold off 290 BTC in the same period. 🐳 As May progresses, Bitcoin’s key stakeholders are mostly moving in the right direction if you’re rooting for $100K $BTC…
World Liberty Financial has opened a governance vote to airdrop its new stablecoin, USD1, to early WLFI holders as a test of its airdrop mechanism. World Liberty Financial (WLFI) has initiated a governance vote to determine whether a small amount of its newly launched stablecoin, USD1, should be airdropped to early WLFI token holders. The proposed airdrop is being positioned as a test of the technical functionality of the airdrop mechanism. The vote is set to conclude on May 14 and has already seen overwhelming support from the community. According to data from the WLFI governance forum, over 2.6 billion…
KAITO surged as much as 42% today, kicking off a strong rally amid rising investor interest driven by new partnerships and expanding community rewards. Kaito (KAITO) rallied to hit an intraday high of $1.17 on May 7 before cooling down a bit to around $1.13 by press time. That’s nearly a 70% gain from last month’s low. Its market cap has also exploded, sitting at over $273 million. As of May 7, morning Asian time, its daily trading volume was 340% higher than the previous day at over $317 million, indicating a major rise in trading activity. The surge followed…
The team behind Monero has unveiled Tari, a new layer-1 chain that hides transaction data by default and supports crypto mining on personal computers. A new blockchain from ex-Monero developers is betting that privacy, playful crypto mining, and a dose of nostalgia can win over the next wave of crypto users, launching as a standalone proof-of-work network where anyone with a Mac or PC can mine its native Tari crypto under the XTM ticker, shield their balances from public view, and join a growing community of over 700,000 airdrop participants. Tari’s flagship app, Tari Universe, transforms mining into a visual…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin may dominate the memes and ride bullish waves, but Remittix is quietly building real-world momentum that could reshape the payments game for good. Once a joke, now a juggernaut, Dogecoin has defied the odds time and again. Backed by memes, Elon Musk and a cult-like community, DOGE has carved out a permanent seat at crypto’s top table. With recent price action hinting at a breakout, many traders are betting that Dogecoin will leave relatively new tokens like PEPE…
South Korean politician Lee Jae-myung has vowed to approve spot cryptocurrency exchange-traded funds and create a safer investment environment for young investors if elected president. Lee, who is the Democratic Party’s presidential candidate, has rolled out a set of crypto-friendly promises as part of a larger pitch to win over younger voters, according to a Korea Economic Daily report. With the June 3 election approaching, Lee made it clear that digital assets would play a key role in his plans. In a social media post on May 6, Lee said he wants to help young people “[build] assets and plan…
Movement Labs has terminated co-founder Rushi Manche in light of a recent market maker scandal and rebranded itself as Move Industries. The protocol will be led by Torab Torabi as the new CEO. On May 7, the network announced that it has terminated co-founder Rushi Manche and will proceed under a new leadership structure. “Details on leadership changes and a revamped governance structure will be coming soon,” said the protocol in an official post. Not long after, a new account emerged called The Movement (MOVE). It informed traders that the protocol has relaunched itself as Move Industries, a self-dubbed “new…
Solayer’s token has seen a significant crash, wiping out over $350 million in value as investors brace for a major token unlock. Solayer’s token has dropped by nearly 35% in the past 24 hours, trading at $1.75 as of press time. The token is now down 47.8% from its all-time high of $3.39 set on May 5. Market activity surged alongside the price drop, with over $1.26 billion in LAYER traded in the last 24 hours, a 179% increase, as per CoinGecko data. The sharp decline appears to be driven by investor fear over an upcoming May 11 token unlock.…
Bhutan has become the first nation to enable crypto payments for tourism at a national scale, partnering with Binance Pay and DK Bank. Bhutan, a landlocked country in south-central Asia, is now accepting crypto payments through a new national-level tourism system powered by Binance Pay and DK Bank, which Binance calls the world’s first of its kind. The initiative allows travelers with Binance accounts to pay for nearly every part of their journey using crypto. This includes airline tickets, visa fees, hotel stays, monument entry, tour guides, and even “fresh fruit from roadside stalls,” according to a Wednesday announcement. Binance…
TRON has reached a major milestone in the stablecoin market but TRX price seems to be struggling to gain momentum. According to DeFiLlama data, as of May 7, there are $71.9 billion in stablecoins on the network, setting a new record for TRON’s (TRX) stablecoin supply. This increase comes after Tether (USDT) minted another $1 billion USDT on May 6, marking the sixth billion-dollar mint on TRON since April. TRON’s ecosystem as a whole is also thriving. The monthly decentralized exchange volume increased by 40% from $3.4 billion in March to $4.9 billion in April. TRON’s total value locked has…