The European Union has announced plans to ban privacy coins and anonymous cryptocurrency accounts by 2027. This regulatory move will prohibit exchanges from listing privacy-focused cryptocurrencies such as Monero (XMR) and Zcash (ZEC), effectively limiting the use of these coins within the EU. However, the EU will still allow self-custody of cryptocurrencies like Bitcoin, meaning individuals can legally hold their own assets on hardware wallets such as Ledger. Peer-to-peer transactions, where cryptocurrencies are sent directly between users without intermediaries, will also remain permissible. France has already implemented a ban on mixers and privacy coins, and the EU's forthcoming ban extends these restrictions across member states. The European Data Protection Board has additionally recommended that blockchain data be deleted to comply with privacy regulations. Observers have noted that other countries, including Canada, may follow the EU's lead in regulating privacy coins and anonymous wallets. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
XOCIETY, a pop shooter with role-play gaming progression powered by Sui, is set to team up with German sportswear giant Adidas. XOCIETY announced on May 6 that its partnership with Adidas will introduce exclusive ALTS by Adidas content on the gaming platform. The Sui ( SUI )-powered XOCIETY, which is backed by prominent investors including Hashed, Spartan, and KRAFTON, plans to leverage the partnership to enhance digital identity and gameplay interactions across its ecosystem. ALTS by Adidas is an avatar-focused non-fungible token collection that features 20,066 unique digital avatars the company released in March 2023. The company has had notable crypto related partnerships, including with STEPN . “Explicit details on how this collaboration will be recognized remain under wraps, but XOCIETY’s revolutionary XCS system is poised to play a key role. XOCIETY and adidas have a mutual focus on digital identity and creativity at the intersection of on-chain gaming and immersive, playable worlds,” the video game company noted. Team Sui commented on the Adidas and XOCIETY partnership as being more than a collaboration. Per a post on X , the layer 1 blockchain noted this as a “statement.” “Web3 gaming isn’t coming. It’s here. And it’s dripping in culture, identity, and onchain permanence,” it posted. You might also like: Sui price set to soar as funding rate, DeFi assets surge XOCIETY leverages Sui for its onchain gaming and asset ownership features. The player-versus-player and player-versus-environment action taps into Sui’s NFTs, with gamers owning avatars and items used in-game. NFT transferability and in-game usability add to the excitement around exploring Web3 opportunities. Sui has seen notable growth in the past year, with total value locked reaching $2 billion in January 2025. Momentum from new active accounts has been driven by key developments, including integrations with Babylon Labs and Lombard Protocol to bring Bitcoin ( BTC ) to Sui. Apart from gaming and BTCfi , decentralized finance and data storage form a major growth potential for the L1. You might also like: Gaming ecosystem Treasure Chain shuts down mainnet nearly five months after its launch
In a significant development for cryptocurrency markets, two dormant Bitcoin wallets have awakened, transferring a remarkable total of 3,422 BTC—valued at approximately $324.2 million—as of early Tuesday morning. This resurgence
In the world of digital assets, early identification has always been key. Investors watching current market movements are focusing on MAGACOINFINANCE , XRP , Ethereum , and Bitcoin —three names that reflect both long-term strength and emerging potential. With fundamentals aligning and institutional interest expanding, these assets are becoming central to discussions about the next phase of growth in the crypto market. MAGACOINFINANCE Is Establishing Real Traction at the Early Stage Unlike projects that rely on short-term speculation, MAGACOINFINANCE is gaining attention for the right reasons: structure, execution, and growth. The project has already raised over $7.8 million , reflecting growing confidence among early investors. Wallet numbers are increasing. Developer milestones are being met. And community engagement is building steadily across multiple regions. This is the kind of momentum that often precedes widespread market recognition. For those looking to enter at a critical point in a project’s trajectory, MAGACOINFINANCE stands out. Market Foundations: Ethereum, Bitcoin, and Leading Protocols Ethereum (ETH) remains the backbone of decentralized innovation. With rapid Layer-2 scaling and increasing real-world integrations, its ecosystem continues to expand across finance, gaming, and enterprise use. Bitcoin (BTC) holds its role as a digital store of value. Its acceptance among institutional investors, along with new ETF vehicles, reinforces its long-term position in the global financial landscape. Together, these assets provide a level of stability and scale that’s essential for overall market growth—but the outsized return potential lies in identifying earlier-stage opportunities like MAGACOINFINANCE. Ecosystem Builders to Watch: Polygon, Tron, and Arbitrum Polygon continues to serve as a key infrastructure layer for Ethereum scalability and real-world adoption. Tron leads in transaction volume across many regions, especially for high-throughput, cost-effective use cases. Arbitrum is the frontrunner in Ethereum Layer-2 development, driving innovation across decentralized applications and financial protocols. While these protocols support broad adoption, MAGACOINFINANCE offers a rare chance to participate in an early-stage project before mass exposure. Final Insight Can an investment today grow toward $1.3 million ? In digital markets, timing and conviction remain the key drivers of transformative outcomes. Ethereum and Bitcoin are solidifying leadership—but MAGACOINFINANCE may be the one quietly building toward that kind of exceptional return. With $7.8 million raised and growing visibility, the project is no longer a secret—yet the full upside may still be ahead. To learn more about MAGACOINFINANCE , please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: From XRP Whales to ADA Bulls — Why Everyone’s Watching MAGACOIN FINANCE This Week
DexCheck's new protocols could revolutionize community engagement by offering transparent, data-driven incentives for active participation. The post DeFAI project DexCheck launches REPS and the Proof of Support protocol for effective community development. appeared first on Crypto Briefing .
Riot Platforms has broken its 15-month streak of holding all mined bitcoin, selling 475 BTC in April 2025 to support operations. The move signals a broader industry shift amid tightening mining margins post-halving. BTC Miner Riot Shifts Strategy, Sells Mined Coins to Fund Operations Riot Platforms has sold bitcoin for the first time in over
XRP is moving in a tight range, but long-term prospects suggest hope.
A growing number of public firms may begin purchasing Bitcoin in substantial quantities in the next five years, with more than $300 billion potentially entering the cryptocurrency by 2030. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off That’s what researchers at Bernstein, an asset manager that monitors corporate appetite for Bitcoin, say in a new report. Their estimates hinge on the assumption that additional firms will follow in the footsteps of Strategy’s tactics of retaining Bitcoin as a central component of their balance sheets. Strategy Sets The Tone MicroStrategy, now doing business under the name Strategy, has already made waves with its aggressive Bitcoin buys. The firm now sits with 555,450 BTC. That inventory has cost them approximately $38 billion, with an average of $68,550 per coin. Recently, they purchased another 1,895 BTC for $180 million. Bernstein projects that corporate treasury investments in #Bitcoin could reach $330 billion by 2029, with Strategy (formerly MicroStrategy) potentially contributing $124 billion of that total. This forecast underscores the growing institutional interest in Bitcoin as a treasury… — Naeem Aslam (@NaeemAslam23) May 5, 2025 Bernstein believes that this strategy gains traction. Its report states companies with sluggish growth and plenty of excess cash could be attracted to Bitcoin as an alternative destination to invest their cash. Between 2025 and 2030, listed firms alone could steer some $205 billion toward Bitcoin. Adding to that is another $124 billion which could be made by companies following Strategy’s systematic blueprint to investment in the top crypto. Treasuries Could Fuel Demand In Bernstein’s words, some movement, no matter how little, would lead to a great impact. This gigantic flow would amount to $190 billion if just 20% of related firms were to transfer 25% of their treasury balance into an investment in Bitcoin. These firms have very low growth and few compelling investment opportunities. That could make Bitcoin simply look good for capital investment for them. Currently, public companies already possess approximately 720,898 BTC, which is valued at almost $68 billion. That’s a significant increase from the 1.3% of the total supply of Bitcoin that they had in late 2023. Today, it’s 3.4%. Private companies are not far behind, possessing approximately 398,323 BTC, valued at a little over $37 billion. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Increasing Interest And Limited Supply The surge in corporate Bitcoin ownership is occurring alongside evolving regulation and accounting practices. These changes might be facilitating more ease of access for companies to look into Bitcoin with less bureaucratic red tape. Additionally, with fewer coins on the market and easier access to capital, businesses might become the force behind increased demand—and possibly even prices. Bernstein cites Strategy’s work in this revolution. The company has developed systems and tools that enable it to continue purchasing Bitcoin, even through challenging market periods. Not every company can follow suit, but the framework exists for others to attempt it. Featured image from Gemini Imagen, chart from TradingView
It is also unknown if the wallets were owned by the same person or if they are in any way connected.
A high-profile House hearing on crypto regulation got testy Tuesday after House Democrats, led by Rep. Maxine Waters walked out in protest over President Donald Trump’s involvement in crypto. The joint hearing — organized by the House Financial Services and Agriculture Committees — was meant to discuss a new draft of market structure legislation that would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission. But, for a moment, the debate on regulatory frameworks was interrupted and marked by political tension. Waters, the ranking Democrat on the Financial Services Committee, formally objected to the hearing at its outset. “I object to this joint hearing because of the corruption of the President of the United States and his ownership of crypto and his oversight of all the agencies,” she said during the session, before exiting with other Democratic members. During a heated exchange, Waters kept “insisting on the objection,” citing dubious ties between Trump and the crypto industry. You might also like: 21Shares launches ETP giving exposure to Crypto.com’s CRO Partisan concerns over crypto The walkout followed Waters’ earlier warning to Committee Chair French Hill that she would oppose the session unless Republican lawmakers agreed to include language addressing Trump’s financial ties to crypto. Those ties have come under increased scrutiny in recent months, with Trump and his wife, Melania, launching their own memecoins, and a pro-Trump financial group, World Liberty Financial, unveiling a stablecoin. Trump also held a crypto fundraising dinner Monday night, with prices reportedly reaching $1.5 million per plate. Hill responded by defending the bipartisan nature of the legislative efforts, saying the new draft “places universal requirements on issuers of all stripes” and should not be derailed by political disputes, according to Politico. You might also like: UK rules out Bitcoin reserves: not ‘appropriate for our market’ Democrats against GENIUS Democrats have also expressed concerns about the GENIUS Act, a proposed stablecoin bill that aims to set federal standards for issuance and compliance. Over the weekend, several Democratic senators, including Mark Warner and Raphael Warnock, flagged issues such as the need for stronger anti-money laundering rules and stricter oversight of foreign issuers. Waters is reportedly planning a separate “shadow hearing” to highlight what she sees as conflicts of interest surrounding Trump’s crypto activities. Joint hearings in the House require unanimous consent, but the hearing is still going at the time of writing. You might also like: Crypto staking firm Figment eyes $100m to $200m acquisition deals with ‘smaller providers’