Standard Chartered’s head of digital assets research, Geoffrey Kendrick, said Bitcoin (BTC) appears on track to reach new record highs sooner than expected, driven by mounting institutional inflows and a global shift in asset allocation. In a May 8 investor note shared with CryptoSlate, Kendrick said he initially projected a $120,000 price target for the […]
Emirates General Petroleum Corporation (Emarat), the UAE’s federal government-owned fuel retailer, has partnered with Crypto.com to introduce crypto payments at fuel stations, marking a first in the Middle East and North Africa. The initial phase enables crypto payments at 10 Emarat stations across Dubai, with plans to expand the service throughout Emarat’s network, according to […]
The US Securities and Exchange Commission (SEC) is reviewing a potential exemption order allowing firms to issue and trade securities using distributed ledger technology (DLT). SEC Commissioner Hester Peirce revealed this plan during a May 8 address at the agency’s International Institute for Securities Market Growth and Development. SEC’s proposed crypto framework According to Peirce, […]
Coinbase has reportedly agreed to acquire crypto derivatives platform Deribit in a deal valued at approximately $2.9 billion. The agreement, which includes a mix of cash and Coinbase stock, would mark the largest acquisition in the company’s history. According to the Wall Street Journal, negotiations have reached the final stages following months of discussions. Coinbase aims […]
Crypto wallets offer diverse security options for managing digital assets, balancing convenience and robust protection for users worldwide. Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
It’s been a big quarter for BlackRock’s Shares Bitcoin Trust ETF (IBIT) with new custodians, Bitcoin volatility, a new regulatory landscape, and a pro-Bitcoin president. In its latest quarterly filing, BlackRock reported $47.78 billion in net assets at the end of Q1 2025, a decrease from $51.52 billion in the previous quarter. This decline tracks […]
Two US states have taken significant steps to integrate Bitcoin and digital assets into public policy. On May 7, Arizona and Oregon passed new laws that signal growing acceptance of crypto at the state level. Arizona launches Digital Asset Reserve Arizona has created a state-run Bitcoin and Digital Asset Reserve Fund following the passage of […]
The US Treasury could experience a surge in demand for government debt from the digital asset sector, potentially reaching $2 trillion over the next several years, according to Treasury Secretary Scott Bessent. Bessent made the statement during a House Financial Services Committee hearing on the global financial system, where he emphasized the growing financial relevance […]
Bitcoin (BTC) remains in a technically critical zone controlled by short-term holders despite its recovery to nearly $98,000, which has eased financial stress across the network, according to a May 7 report by Glassnode. The report highlighted recent market behavior pointing to improved capital inflows and investor sentiment. Additionally, it warned that the current price […]
The Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer crypto services, namely custody and execution, including through third-party providers, provided they adhere to sound risk management practices and legal compliance. The clarification, issued through Interpretive Letter 1184, confirms and expands on earlier […]
