Bitget has recently forged a strategic alliance with Avalanche aimed at bolstering the burgeoning Web3 ecosystem in India. This collaboration will focus on launching various initiatives in two key metropolitan
Arizona Governor Katie Hobbs has approved a new law that lets the state take control of digital assets left unclaimed for three years or more. The announcement was made via a May 7 press release on the governor’s official website, following the passage of House Bill 2749 with bipartisan support in the state legislature. The new law updates Arizona’s unclaimed property statutes to address the rise of digital assets, including cryptocurrencies. Sponsored by House Commerce Committee Chairman Jeff Weninger, HB2749 creates a process for identifying and managing unclaimed virtual property and establishes a Bitcoin ( BTC ) and Digital Assets Reserve Fund, which may be used for future appropriations with legislative approval. “Digital assets aren’t the future—they’re the present,” said House Commerce Committee Chairman Jeff Weninger, who sponsored the bill. “We’ve built a structure that protects property rights, respects ownership, and gives the state tools to account for a new category of value in the economy.” You might also like: UK rules out Bitcoin reserves: not ‘appropriate for our market’ Under the law , digital assets are considered abandoned if the owner fails to respond to communications over a three-year period. After that, they must be turned over to the Arizona Department of Revenue in their original digital form. The state’s qualified custodians are permitted to stake these assets or accept airdrops, with proceeds directed to the new reserve fund. Importantly, the fund does not rely on taxpayer money or state funds. Any staking rewards or airdropped tokens are placed in the reserve, which is managed by the state treasurer and subject to legislative oversight. This development comes days after Hobbs vetoed Senate Bill 1025, which proposed investing seized funds in Bitcoin, citing concerns over using public funds on “untested assets.” However, HB2749 avoids those concerns by focusing on abandoned assets rather than active investment. Arizona’s move follows similar legislation in New Hampshire, where the state now permits investment in cryptocurrencies with market caps above $500 billion, a threshold currently met by Bitcoin alone. Read more: Interview | How Bitcoin Adopters Index offers a new path to BTC exposure
Panama City, Panama, May 8th, 2025, Chainwire Flipster , one of the world’s fastest-growing cryptocurrency derivatives trading platforms, today announced an exclusive partnership with TALON , one of Asia’s premier competitive gaming organizations, competing in 10 major titles — including Dota 2, League of Legends, and Valorant — across seven countries. As part of the collaboration, TALON’s Dota 2 team will officially compete under the name Flipster Talon, with Flipster securing naming rights for the team for the next year. This milestone also establishes Flipster as the Official Crypto Exchange Partner of TALON, marking the platform’s debut in the rapidly expanding global esports space. These initiatives aim to bridge the energy of esports with the empowerment of digital assets, fostering education, interactivity, and inclusive participation across both worlds. “Esports is one of the most exciting frontiers for Web3 culture to thrive,” said Youngsun Shin, Head of Product and Partnerships at Flipster. “Through Flipster Talon, we’re championing a new kind of connection with a digital-native generation that values openness, creativity, and inclusion — the same values that underpin crypto.” Beginning with TALON’s Dota 2 roster, Flipster and TALON will roll out a series of co-created content, campaign drops, and digital fan activations aimed at deepening fan engagement and making crypto more approachable. “Flipster’s partnership with TALON is grounded in a shared commitment to access and inclusion,” Youngsun added. “By focusing on free-to-play titles and a player-first approach, Flipster supports the gaming community across the spectrum — from casual fans to pro athletes — much like it empowers both beginner and experienced traders through its platform.” “We’re thrilled to welcome Flipster to the TALON family,” said Sean Zhang, CEO of TALON. “As innovators in their field, Flipster shares our drive to push boundaries and create richer fan experiences. Together, we’re exploring exciting new ways to bring gaming and crypto culture together.” Since its founding in 2021, Flipster has grown rapidly, now serving over one million users across nearly 200 countries. With institutional-grade infrastructure and a community-first mindset, Flipster is on a mission to make crypto trading more accessible, rewarding, and fun. The full Flipster Talon rollout is set for June, including player signings, co-branded content, and a launch video to mark the partnership’s debut. About Flipster Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. Offering over 350 trading pairs across spot and futures markets—with up to 100x leverage and zero trading fees—Flipster equips traders with the tools to execute strategies efficiently. Beyond trading, Flipster provides users with access to capital-efficient opportunities, including earning programs, and token airdrops. Built on a foundation of security, transparency, and user-first innovation, Flipster aims to offer a seamless trading experience for users engaging with digital assets in dynamic market conditions. Over the past year, Flipster has experienced rapid growth, with trading volume surging by 856% and total user assets on the platform increasing by more than 6,000%, solidifying its position as a leading derivatives exchange. To learn more, users can visit flipster.io or follow X . About TALON TALON is a leading esports and entertainment organization headquartered in Hong Kong, with competitive teams and operations across Asia. TALON is known for its dominance in titles such as League of Legends, Dota 2, Arena of Valor, and more, as well as its growing content platform and lifestyle-driven brand collaborations. ContactFlipsterpr@flipster.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
XRP remains the only top crypto asset trading above its 6-month cost basis, signaling relative strength in a weak market. According to a May 6 post on X by Glassnode, while euphoric buyers of Solana ( SOL ), Ethereum ( ETH ), and Bitcoin ( BTC ) are currently underwater, down 28%, 36%, and 1% respectively, XRP ( XRP ) holders from the December–January rally are still 11% in profit. 📊Are Top Buyers in Profit or Pain? Comparing current prices to the cost basis of euphoric buyers (Dec ‘24–Jan ‘25) reveals mid-term sentiment: 🟣 SOL: $146 → 28% loss 🟥 ⚫ XRP: $2.14 → +11% profit 🟩 🔵 ETH: $1.8K → -36% loss 🟥 🟠 BTC: $95K → -1% loss 🟥 📉Price… pic.twitter.com/i5snu7Re7O — glassnode (@glassnode) May 6, 2025 Given that the prices of most of the top assets continue to fall below the typical entry levels of mid-term holders, this resilience stands out in the face of broader market weakness. XRP’s stability above its typical entry level of $2.14 suggests that longer-term participants are still confident even as price action cools. Technical indicators, however, show that momentum may be slowing down. The relative strength index, currently hovering just below the neutral zone and showing waning bullish momentum, has fallen to 49. The moving average convergence divergence has become bearish, and the Stochastic RSI has entered oversold territory. The fact that all short and mid-term moving averages (10–100 days) are in sell territory further supports the idea that upward pressure is fading. XRP price analysis. Credit: crypto.news Recent market and on-chain developments suggest underlying accumulation, even in the face of neutral to bearish momentum indicators. On May 7, crypto.news reported that over 300,000 addresses now hold 10,000 XRP or more, a record high. You might also like: Why XRP must hold $1.50: the line between bullish continuation and breakdown According to analysts, this indicates continuous institutional accumulation, which is likely due to speculation regarding a spot XRP exchange-traded fund. In addition, XRP’s current sideways price action is consistent with time and volume-weighted buying strategies used by institutional players to avoid price disruption. On the macro side, potential tailwinds, such as improving US–China trade relations and expected monetary easing, could support a broader crypto market rebound. Given its impressive Q1 results, buzz around ETFs, and renewed interest in the wake of Ripple’s recent $50 million settlement with the Securities and Exchange Commission, XRP might benefit disproportionately. If institutional accumulation persists and XRP holds support close to its cost basis, a breakout above the $2.20–$2.25 resistance could indicate fresh bullish momentum. Weakening RSI and MACD divergence, along with a clear decline below the $2.14 mark, its mid-term cost basis, could lead to capitulation, especially if the overall crypto market sentiment worsens. Read more: New XRP ETF reaches $67m AUM as price outperforms Ripple
Panama City, Panama, May 8th, 2025, Chainwire Flipster , one of the world’s fastest-growing cryptocurrency derivatives trading platforms, today announced an exclusive partnership with TALON , one of Asia’s premier competitive gaming organizations, competing in 10 major titles — including Dota 2, League of Legends, and Valorant — across seven countries. As part of the collaboration, TALON’s Dota 2 team will officially compete under the name Flipster Talon , with Flipster securing naming rights for the team for the next year. This milestone also establishes Flipster as the Official Crypto Exchange Partner of TALON, marking the platform’s debut in the rapidly expanding global esports space. These initiatives aim to bridge the energy of esports with the empowerment of digital assets, fostering education, interactivity, and inclusive participation across both worlds. “Esports is one of the most exciting frontiers for Web3 culture to thrive,” said Youngsun Shin, Head of Product and Partnerships at Flipster . “Through Flipster Talon, we’re championing a new kind of connection with a digital-native generation that values openness, creativity, and inclusion — the same values that underpin crypto.” Beginning with TALON’s Dota 2 roster, Flipster and TALON will roll out a series of co-created content, campaign drops, and digital fan activations aimed at deepening fan engagement and making crypto more approachable. “Flipster’s partnership with TALON is grounded in a shared commitment to access and inclusion,” Youngsun added. “By focusing on free-to-play titles and a player-first approach, Flipster supports the gaming community across the spectrum — from casual fans to pro athletes — much like it empowers both beginner and experienced traders through its platform.” “We’re thrilled to welcome Flipster to the TALON family,” said Sean Zhang, CEO of TALON . “As innovators in their field, Flipster shares our drive to push boundaries and create richer fan experiences. Together, we’re exploring exciting new ways to bring gaming and crypto culture together.” Since its founding in 2021, Flipster has grown rapidly, now serving over one million users across nearly 200 countries. With institutional-grade infrastructure and a community-first mindset, Flipster is on a mission to make crypto trading more accessible, rewarding, and fun. The full Flipster Talon rollout is set for June, including player signings, co-branded content, and a launch video to mark the partnership’s debut. About Flipster Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. Offering over 350 trading pairs across spot and futures markets—with up to 100x leverage and zero trading fees—Flipster equips traders with the tools to execute strategies efficiently. Beyond trading, Flipster provides users with access to capital-efficient opportunities, including earning programs, and token airdrops. Built on a foundation of security, transparency, and user-first innovation, Flipster aims to offer a seamless trading experience for users engaging with digital assets in dynamic market conditions. Over the past year, Flipster has experienced rapid growth, with trading volume surging by 856% and total user assets on the platform increasing by more than 6,000%, solidifying its position as a leading derivatives exchange. To learn more, users can visit flipster.io or follow X . About TALON TALON is a leading esports and entertainment organization headquartered in Hong Kong, with competitive teams and operations across Asia. TALON is known for its dominance in titles such as League of Legends, Dota 2, Arena of Valor, and more, as well as its growing content platform and lifestyle-driven brand collaborations. Contact Flipster pr@flipster.io
May 8th, 2025 – Panama City, Panama Flipster , one of the world’s fastest-growing cryptocurrency derivatives trading platforms, today announced an exclusive partnership with TALON , one of Asia’s premier competitive gaming organizations, competing in 10 major titles — including Dota 2, League of Legends, and Valorant — across seven countries. As part of the collaboration, TALON’s Dota 2 team will officially compete under the name Flipster Talon , with Flipster securing naming rights for the team for the next year. This milestone also establishes Flipster as the Official Crypto Exchange Partner of TALON, marking the platform’s debut in the rapidly expanding global esports space. These initiatives aim to bridge the energy of esports with the empowerment of digital assets, fostering education, interactivity, and inclusive participation across both worlds. “Esports is one of the most exciting frontiers for Web3 culture to thrive,” said Youngsun Shin, Head of Product and Partnerships at Flipster . “Through Flipster Talon, we’re championing a new kind of connection with a digital-native generation that values openness, creativity, and inclusion — the same values that underpin crypto.” Beginning with TALON’s Dota 2 roster, Flipster and TALON will roll out a series of co-created content, campaign drops, and digital fan activations aimed at deepening fan engagement and making crypto more approachable. “Flipster’s partnership with TALON is grounded in a shared commitment to access and inclusion,” Youngsun added. “By focusing on free-to-play titles and a player-first approach, Flipster supports the gaming community across the spectrum — from casual fans to pro athletes — much like it empowers both beginner and experienced traders through its platform.” “We’re thrilled to welcome Flipster to the TALON family,” said Sean Zhang, CEO of TALON . “As innovators in their field, Flipster shares our drive to push boundaries and create richer fan experiences. Together, we’re exploring exciting new ways to bring gaming and crypto culture together.” Since its founding in 2021, Flipster has grown rapidly, now serving over one million users across nearly 200 countries. With institutional-grade infrastructure and a community-first mindset, Flipster is on a mission to make crypto trading more accessible, rewarding, and fun. The full Flipster Talon rollout is set for June, including player signings, co-branded content, and a launch video to mark the partnership’s debut. About Flipster Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. Offering over 350 trading pairs across spot and futures markets—with up to 100x leverage and zero trading fees—Flipster equips traders with the tools to execute strategies efficiently. Beyond trading, Flipster provides users with access to capital-efficient opportunities, including earning programs, and token airdrops. Built on a foundation of security, transparency, and user-first innovation, Flipster aims to offer a seamless trading experience for users engaging with digital assets in dynamic market conditions. Over the past year, Flipster has experienced rapid growth, with trading volume surging by 856% and total user assets on the platform increasing by more than 6,000%, solidifying its position as a leading derivatives exchange. To learn more, users can visit flipster.io or follow X . About TALON TALON is a leading esports and entertainment organization headquartered in Hong Kong, with competitive teams and operations across Asia. TALON is known for its dominance in titles such as League of Legends, Dota 2, Arena of Valor, and more, as well as its growing content platform and lifestyle-driven brand collaborations. Contact Flipster pr@flipster.io This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Flipster Makes Esports Debut as Official Crypto Exchange Partner of TALON’s Dota 2 Team, Powering a New Era of Fan Engagement appeared first on The Daily Hodl .
The post U.S. Banks Can Now Offer Crypto Services Without Approval—OCC Confirms appeared first on Coinpedia Fintech News On May 7, the U.S. Office of the Comptroller of the Currency (OCC) confirmed that federally chartered banks and savings associations can now offer crypto-related services, like custody and trade execution, without prior regulatory approval, as long as they comply with risk and cybersecurity protocols. This decision, outlined in Interpretive Letter 1184 , marks a significant step in integrating digital assets into traditional finance and removes Biden-era restrictions that previously required institutions to obtain a “letter of no objection.” Crypto Custody and Trade Execution Now Mainstream The OCC’s new guidance expands on its earlier letters (1170 and 1183), formally permitting trade execution, crypto custody, and sub-custodian partnerships. The update not only reinforces the legality of these services but also allows them to be outsourced to third-party providers, provided institutions maintain full compliance with federal laws. This move follows the OCC’s March policy update that eliminated pre-approval requirements, streamlining the process for banks to enter the crypto space responsibly. U.S. Lawmakers Praise OCC’s Pro-Crypto Shift The House Financial Services Committee called the move “a step forward in building a digital asset regulatory framework,” highlighting how it aligns with the pro-growth policies championed during the Trump administration. Senator Cynthia Lummis stated that the U.S. must “embrace digital assets fully or risk falling behind.” Legal experts like Katherine Kirkpatrick Bos see the OCC’s update as a turning point in normalizing crypto within U.S. banking. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Breaking: Arizona Becomes Second U.S. State to Adopt Bitcoin for State Treasury , Why This Matters for the Crypto Industry No more “no objection” letters needed: Banks can proceed directly with crypto services. Third-party providers are allowed: Enables collaboration with regulated crypto firms. Custody and trade execution approved: Lays groundwork for full-service crypto banking. 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On May 7, the OCC let federally chartered banks offer crypto custody and trade execution without prior approval. Why is the OCC’s new guidance important for crypto adoption? It streamlines bank entry into crypto, driving mainstream adoption and innovation in digital assets.
Circle CEO Jeremy Allaire has drawn a comparison between Ethereum’s upcoming Pectra upgrade and the foundational innovation of SSL/TLS in securing internet communications. This comparison highlights the potential significance of Pectra for the future of the Ethereum network. Pectra’s Potential Impact on Ethereum Allaire’s analogy suggests that the Pectra upgrade could bring about a substantial … Continue reading "Ethereum’s Pectra Upgrade Likened to SSL/TLS Innovation" The post Ethereum’s Pectra Upgrade Likened to SSL/TLS Innovation appeared first on Cryptoknowmics-Crypto News and Media Platform .
On May 8, COINOTAG News reported that Binance is set to suspend deposit and withdrawal services for the eCash (XEC) network, effective May 15, 2025, at 19:00 Beijing Time. This
The US Office of the Comptroller of the Currency (OCC) has shifted its stance on crypto in banking, allowing banks to buy and sell cryptocurrency held in custody at the direction of their customers. This marks a departure from earlier resistance and comes as part of an updated policy to facilitate banks’ involvement in crypto-asset custody services. The OCC’s clarification, released on Wednesday, extends the scope of services banks can provide, including the ability to outsource crypto custody and execution services to third parties. However, these services must meet the OCC’s stringent safety and soundness criteria to ensure proper oversight and risk management. OCC-regulated banks may buy and sell assets held in custody and are permitted to outsource bank-permissible crypto-asset activities, including custody and execution services. https://t.co/0ScQdgNaS6 pic.twitter.com/J5dEkx4WUL — OCC (@USOCC) May 7, 2025 New OCC Regulations Allow Banks to Act as Custodians for Digital Assets This shift is in line with the OCC’s previous guidance, which recognized that crypto-asset custody is an extension of traditional banking activities. Banks, under this new framework, can act as custodians of digital assets, offering services such as exchange facilitation, trade execution and asset management. Additionally, they may use sub-custodians to handle these tasks, provided there are adequate internal controls in place. The move is a big step towards mainstreaming cryptocurrency within the banking sector. By offering a regulatory framework for crypto custody, the OCC aims to integrate digital assets into traditional banking services, thus ensuring both innovation and protection for customers. With these clarifications, the OCC has further enabled national banks to operate within the evolving digital asset market, ensuring that they remain compliant with legal and financial regulations while meeting customer demands. Banks Set to Expand Crypto Services Under Clearer Regulatory Oversight This development comes as the regulatory landscape around cryptocurrencies continues to evolve, with increasing pressure to create clear guidelines for traditional financial institutions. For banks, this means a broader role in managing crypto assets, potentially enhancing their revenue streams while adhering to the required risk management practices. The regulatory backing gives them the confidence to explore crypto services without fear of regulatory uncertainty, fostering a safer and more integrated approach to crypto-asset transactions. Despite earlier hesitations, the OCC’s decision signals a growing acceptance of cryptocurrency within the mainstream financial system. However, the full implementation of these policies will depend on how effectively banks can balance innovation with the safeguards required to protect investors and maintain financial stability. The post OCC Grants Banks Permission to Buy and Sell Custody-Held Cryptocurrencies appeared first on Cryptonews .