Crypto news

The Financial Services and the Treasury Bureau, along with the Securities and Futures Commission (SFC), have finally concluded their consultation-a process as thrilling as watching paint dry, but with more acronyms. The paper, released on a Tuesday (because why not?), outlines rules for firms that dare to offer virtual asset investment advice or manage portfolios of those pesky digital coins. Apparently, this follows a previous paper launched on December 24, 2025, which we can only assume was a Christmas gift to policy wonks.

Bitmine Immersion Technologies, a company that manages cryptocurrency holdings and is headed by Tom Lee, revealed it recently bought a significant amount of Ethereum. The purchase is part of the firm’s strategy to grow its long-term cryptocurrency reserves within the U.S.

According to a recent interview, Chris Wood predicts Bitcoin could reach $750,000, and potentially climb as high as $1.25 million in a more optimistic scenario.

TeraWulf (WULF), in a plot twist worthy of a tech thriller, jumped 13% early Tuesday after revealing plans for a sprawling AI and high-performance computing (HPC) campus in Kentucky. Because if there’s one thing the world needs more of, it’s data centers in places you’d least expect.

Apparently, he’s built a following by making bold crypto predictions. Bold? Sure. Accurate? Well, let’s just say his track record is about as reliable as a Larry David apology.

As of May 25, BitMine’s treasury stands at 5,390,404 ETH, acquired at an average price of $2,134, representing 4.47% of Ethereum’s 120.7 million coin supply. Alongside this hoard lies 203 BTC, $200 million in Beast Industries equity, $95 million in Eightco Holdings “moonshot” exposure, and $444 million in cash, bringing their total assets to $12.3 billion. A fortune that would make even the Master’s pockets jingle with envy.

Ah, but let us not get ahead of ourselves! There is no official launch, no grand unveiling, just the usual cacophony of industry chatter. Yet, if this Tether-backed lari token were to materialize, it would be a grand experiment, testing whether national-currency stablecoins can dance domestically while sharing the stage with dollar stablecoins and a central bank digital currency (CBDC) pilot. A true comedy of errors, or perhaps, a masterpiece of financial innovation?

Built upon the X Layer, OKX’s Ethereum layer-2 network, this platform invites users to craft their own spot, perpetuals, and outcomes markets from scratch. It borrows the same infrastructure that powers OKX’s main exchange, offering a communal pool of liquidity to any market born within its walls. A noble endeavor, perhaps, but one wonders if this digital utopia will avoid the pitfalls of its predecessors.

Stable, a blockchain built for USDT, has launched StableEarn. This new tool lets users earn rewards on their USDT holdings directly on the Stable network. The first feature within StableEarn is a savings vault powered by Morpho, with risk management provided by Gauntlet and supported by Theo’s real-world asset solutions.

Zcash (ZEC) has seen a significant price increase recently, jumping over 110% in the last month. On May 22nd, it briefly reached $682 before settling back to around the $600 mark. Since the start of the year, its price has more than doubled, increasing by over 245%, which is a better performance than most other major cryptocurrencies.