Author: Admin-aX9d7

The U.S. economy added a higher-than-expected 177,000 jobs in April, sparking a rally in traditional markets as bitcoin climbed closer to $98K. Strong Employment Figures Push Bitcoin Toward $98K Threshold The U.S. Department of Labor surprised bearish economists when it published its highly anticipated jobs report on Friday, showing a stronger-than-expected 177,000 jobs added to […]

This week, bitcoin climbed steadily to reach nearly $100K, amid hopes for a China-U.S. trade and better macroeconomic conditions ahead.Institutions like Mastercard and BlackRock made important digital asset announcements.An historic stablecoin bill neared completion in the U.S. Congress. (A former prime-mover in the House said to expect a “wicked hot summer” of legislation.)And the Trump Family continued to dominate the crypto news cycle, raising serious conflict-of-interest questions.At CoinDesk, however, the biggest story concerned Movement, a once-hot startup that now seems deeply troubled.Deputy managing editor Sam Kessler published an eye-opening scoop showing that Movement Labs may have been misled into signing…

In February, the Department of Government Efficiency (DOGE) began soliciting public input pertaining to the U.S. Securities and Exchange Commission (SEC) — a move suggesting reform at the agency is imminent.Since then, the SEC, in line with President Trump, has taken a far less adversarial stance towards the cryptocurrency industry, as evidenced by the appointment of crypto-friendly personnel and the abandonment of numerous lawsuits and investigations into crypto companies. But DOGE has the potential to implement further change, and interest in the SEC signals growing pressure towards regulators to reassess their approach to digital assets.In response to the request for…

This is a segment from The Drop newsletter. To read full editions, subscribe. We now know what’s been hinted at for a while: MapleStory’s crypto spinoff, MapleStory N, is finally launching on May 15. On May 8, players in select countries will be able to pre-download the game. The new game will be a 2D, sidescrolling MMORPG like the original game. MapleStory N is part of MapleStory Universe (MSU), which also includes plans for a mobile game version for players plus MapleStory N SDK and Project ModN (a blockchain game sandbox) for developers. MapleStory N uses its own Avalanche L1…

The UK’s Financial Conduct Authority (FCA) is seeking views around crypto assets as part of steps towards more legislation.The FCA specifically wants views on intermediaries, staking, lending, borrowing and DeFi, or decentralized finance, according to a discussion paper released today.The plan, according to the FCA, is to setup clear crypto legislation as a way to boost confidence and support growth in the sector.This is a first step towards legislation following a draft paper set out by the Treasury on Tuesday. Once passed, this legislation should bring specific crypto activities into the FCA regulation remit.”Crypto is a growing industry. Currently largely…

Key takeaways:XRP’s strongest spot premium phase suggests real buying demand, not just speculative futures trading. The number of XRP addresses holding ≥10,000 tokens has steadily climbed, even during recent price pullbacks. A falling wedge pattern points to a possible breakout toward $3 to $3.78, with up to 70% upside if confirmed.XRP (XRP) is experiencing its strongest sustained phase of spot premium in history, a period where the spot market has been consistently trading at stronger levels compared to perpetual futures.XRP’s 350% rally is backed by real demand Since 2020, most major XRP price peaks happened when the perpetual futures market…

Opinion by: Chris Jenkins, adviser to Pocket NetworkTim Berners-Lee’s vision of the World Wide Web is dead. Instead of an open and accessible global information system, the web is controlled by centralized global data conglomerates, which don’t just restrict free speech but also monetize your data as a price of entry. Web2 firms have built walled gardens with massive information asymmetry between companies and users.Blockchain-based decentralized tech challenges the status quo, offering an alternative to Web2’s closed-source infrastructure. It enables developers and engineers to build a censorship-resistant and accessible open-data web to champion the cause of free speech. Open-source technology creates…

In brief Apple has made changes to iOS app developer guidelines following a court ruling this week. Developers can now freely offer external payments methods, as well as enable purchases of NFTs from secondary marketplaces. Some cryptocurrency-related restrictions still apply to iPhone and iPad apps. Fortnite maker Epic Games’ antitrust case against Apple benefited the crypto industry on Thursday, when the iPhone maker loosened restrictions on developers’ ability to offer apps in the U.S. that direct users to non-standard purchasing methods or digital collectibles.Apple updated its iOS App Store review guidelines after a U.S. District Judge found this week that…

As markets stabilize and bitcoin claws its way back above $100k, Kevin O’Leary – also known as “Mr. Wonderful” – is doubling down on digital assets and calling for clear regulation to unlock crypto’s next chapter. “I consider crypto to be the 12th sector of the economy within five years,” he told CoinDesk in a wide-ranging interview ahead of his keynote at Consensus 2025 in Toronto on May 15.The O’Leary Ventures Chairman outlined his approach to crypto, which is grounded in traditional portfolio construction and a very deliberate plan to prepare for institutional capital he believes is about to flood…

Huione Group, the Cambodia-based conglomerate that the U.S. Treasury Department wants to cut out of the U.S. financial system, received $98 billion worth of crypto since 2014 through illicit schemes like money laundering, pig butchering and online scams, according to blockchain security firm Elliptic.The company, which has links to the Asian country’s ruling Hun family, runs a Telegram-based marketplace where users can purchase personal data, money laundering services and even electric shackles intended for use on human beings.“Huione Group has come under intense scrutiny this week, with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) identifying the Cambodia-based conglomerate as…