On the fateful day of May 13, them Bitcoin ETFs saw more money fly out the door than a politician at a fact-checking convention-$635 million, to be precise. BlackRock’s IBIT fund led the charge, shedding nearly $285 million like a hound dog shedding hair in summer. That’s the biggest one-day exodus since January 29, when folks were still trying to figure out if Bitcoin was a currency, a commodity, or just a fancy word for “confusion.”
This change affects how information about certain swap agreements is reported and kept on file, specifically those traded on major exchanges and processed through clearinghouses.
Arab Chain’s CryptoQuant analysis reveals that XRP’s open interest on Binance is sitting pretty at $475.4 million, a whopping 8% above its 30-day average of $440.7 million. Why? Because apparently, traders haven’t learned their lesson about leverage. The Z-Score, a fancy way of saying “how much risk are we taking?” is at 1.65, which is above the 1.0 threshold. Translation: everyone’s betting big, but no one’s sure if they’re betting on a rocket or a hand grenade.
On May 13, ADI Foundation and Settlemint announced they’re joining forces to create a digital securities infrastructure on the ADI Chain. Their goal? To make tokenizing assets in the Abu Dhabi Global Market (ADGM) as easy as ordering a camel latte. (Yes, that’s a thing.)
Xi Calls for U.S.-China Partnership in Talks With Trump During a two-hour meeting in Beijing, Chinese President Xi Jinping urged U.S. President Donald Trump to view China and the United States as partners rather than competitors. Both leaders aimed to reduce friction over issues like trade, technology, Taiwan, and Iran. Trump complimented Xi, calling him … Read more
There it sat, trading at a humble $0.2224, with a market cap of $738 million and a 24-hour trading volume that barely tickled $34 million. The “sell the news” crowd struck again, proving that in the wild west of cryptocurrency, good news is just a fancy invitation to cash out.
Once upon a time, if you could-how foolish-to question whether a product ran on a blockchain or was merely a convenient shell, you were a visionary. Legend’s founder found that in a market obsessed with ‘decentralization’, people care more about the feeling of control than the actual decentralization. The app will dissipate on July 12, after a graceful 60‑day lull. It’s like watching a magician’s performance and realizing the rabbits never actually escaped the hat.
Key Takeaways (or as we like to call them, the CliffsNotes for the impatient):
This category falls under Pillar 2: Capital Markets & Infrastructure, which is just a fancy way of saying “the people who keep the crypto party going.” The 15 firms listed below are like the cool kids at the party, alphabetically arranged because ranking them would be like choosing a favorite child.
On Monday, crypto analyst BarriC warned investors in a post on X that the opportunity to buy XRP at low prices might be disappearing quickly. He believes a significant change is coming to the market for this particular cryptocurrency.