Despite RENDER’s delisting from Coinbase, it continues to hold on to a key level.
BitcoinWorld Matador Technologies Secures $2.15M for Strategic Bitcoin Acquisition and Growth Exciting news from the investment world! Matador Technologies, a technology company listed on the TSX Venture Exchange with a focus on Bitcoin, has successfully completed a significant funding round. This move is set to fuel strategic investments, including a key Bitcoin acquisition , and drive future business expansion. It underscores the continued flow of crypto funding into companies leveraging digital assets. Matador Technologies Completes Private Placement for Crypto Funding Matador Technologies Inc. recently announced the successful closure of the second and final tranche of its non-brokered private placement . This funding initiative proved highly successful, resulting in the issuance of a total of 5,452,773 units. Each unit was priced at C$0.55, collectively raising approximately C$3 million, which translates to about $2.15 million USD. A private placement is a method companies use to raise capital by selling securities directly to a select group of investors, rather than through a public offering on the stock market. For Matador Technologies, this non-brokered approach allowed for a streamlined process to secure the necessary capital for its strategic goals. Here are the key financial details of the funding round: Total Funds Raised: Approximately C$3 million (equivalent to about $2.15 million USD) Method: Non-brokered private placement Units Issued: 5,452,773 units Price Per Unit: C$0.55 Company Listing Venue: TSX Venture Exchange The capital secured through this private placement is strategically allocated across several key areas designed to enhance Matador Technologies’ asset base and operational capabilities. A significant portion is dedicated to Bitcoin acquisition , signalling the company’s strong belief in Bitcoin as a valuable asset class for its treasury. In addition to digital assets, funds will also be directed towards advancing existing gold acquisition projects, indicating a diversified approach to hard and digital assets. Furthermore, the funding will support the launch of new business initiatives and cover general corporate purposes, providing operational flexibility and supporting overall growth. This successful C$3 million private placement by Matador Technologies highlights investor confidence in the company’s vision, particularly its dual focus on traditional assets like gold and emerging digital assets like Bitcoin. Being listed on the TSX Venture Exchange provides a level of transparency and regulatory oversight, which can be attractive to investors participating in a private placement focused on strategic asset acquisition and business expansion. The influx of this crypto funding is poised to significantly impact Matador Technologies ‘ ability to execute its plans and solidify its position in the market. In conclusion, the completion of this funding round represents a pivotal moment for Matador Technologies . The $2.15 million raised through the private placement provides the necessary capital for strategic initiatives, most notably the planned Bitcoin acquisition and the advancement of gold projects and new business ventures. This successful instance of crypto funding on the TSX Venture positions Matador Technologies for significant growth in the coming period. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Matador Technologies Secures $2.15M for Strategic Bitcoin Acquisition and Growth first appeared on BitcoinWorld and is written by Editorial Team
Why stablecoins aren’t bank deposits — and why that makes them better. This piece explores full-reserve digital money, the GENIUS Act, MiCA, and Europe’s e-money model.
Farcaster has rolled out Farcaster Pro, and is airdropping the new PRO token to early subscribers. Farcaster , a decentralized social media protocol backed by Paradigm and founded by former Coinbase execs, launched a Pro version of its flagship app Warpcast, which had recently been rebranded back to Farcaster. Farcaster Pro, priced at $120 per year, was quietly rolled out to users yesterday, May 28. Those who subscribed early reported receiving a new token PRO airdropped to their wallets. “Yesterday I paid $120 for Warpcast Pro. Today I got a $600 airdrop,” one early subscriber posted on X. A verification tool was also released, allowing users to check if they were among the first 10,000 Pro users, potentially qualifying for additional drops. Within the first hour of launch, Farcaster Pro reportedly garnered 3,700 subscribers. That’s “100 paid subscriptions per user,” Farvaster noted . Farcaster isn’t just a standalone social media app but a decentralized protocol supporting multiple mini apps . https://twitter.com/redphonecrypto/status/1925966830541115900 You might also like: VC roundup: Blockchain startups raise $258m in a week, Farcaster leads with $150m series A Officially launched in 2020, Farcaster is built on Ethereum ( ETH ) Layer 2 network Optimism, using a hybrid model where user identity and key actions are on-chain, while social content is stored on decentralized hubs — making it censorship-resistant but scalable. Farcaster’s user engagement has seen significant growth in recent months. According to Dune Analytics , the platform’s user engagement surged to a peak 7-day average of nearly 50,000 daily active users in late March this year, before dipping and now rebounding to just under 40,000 DAU. Source: Farcaster DAU | Dune Analytics You might also like: What is Farcaster, and why are people excited about it?
IBIT made significant capital inflows with $432.7 million recently. IBIT's assets managed surpassed $72 billion amid growing institutional interest. Continue Reading: BlackRock’s iShares Bitcoin Trust Dominates the Market with Massive Capital Influx The post BlackRock’s iShares Bitcoin Trust Dominates the Market with Massive Capital Influx appeared first on COINTURK NEWS .
Bitcoin (BTC) has entered a new phase of the bull cycle, hitting an all-time high (ATH) north of $111,000 on May 22, which was fueled by increased investor confidence, record spot BTC exchange-traded fund (ETF) inflows, and heightened derivatives activity. However, as on-chain indicators flash signs of euphoric sentiment, analysts are warning that volatility could be around the corner, especially with the $120,000 level emerging as an important psychological and technical threshold. Rising Activity, Rising Caution According to the latest weekly market sweep by crypto analytics platform Glassnode, Bitcoin’s strength remains firmly intact. Metrics show rising investor profitability, soaring trade volume through centralized exchanges, and a 51% increase in futures open interest since April’s local low around the $74,000 level. The euphoric signals are also manifesting in tangible market activity. Glassnode reported a significant uptick in exchange interactions, with approximately 33% of all Bitcoin on-chain volume now flowing through centralized trading venues, something analysts consider to be a clear indicator of rising trading appetite. Furthermore, the analytics platform noted that while BTC has broken its third ATH this cycle, the rally remains within historical bounds. Its data paints a picture of a market heating up rapidly, with investor profitability surging high enough to push the Relative Unrealized Profit metric above its +2 standard deviation band. “These environments are usually characterized by heightened volatility and tend to be brief in duration,” noted analysts, highlighting that only 16% of all trading days see such extreme paper profits. Their finding is similar to a May 28 report from CryptoQuant, which revealed that 99% of Bitcoin’s Unspent Transaction Outputs (UTXOs) are now in profit . This threshold marked critical market turning points in the past, often coming before either sustained rallies or sharp corrections. However, the experts at CryptoQuant urged caution, pointing to unresolved macroeconomic uncertainties , particularly around U.S. policy direction under the Trump administration, as a factor that could potentially mute full-blown risk appetite despite the extreme profitability. Price Action Reflects the Tension BTC’s recent price trajectory seems to be reflecting this push-and-pull dynamic. After peaking at $111,814 a week ago, the flagship cryptocurrency has experienced expected consolidation, pulling back to trade around $107,728 at the time of this writing. While the price represents a modest 1.2% dip in the last 24 hours, zooming out reveals the broader momentum. Despite a 3.4% pullback over the past seven days, BTC remains up by a solid 14.1% over the last month, while its year-over-year gains stand at 56.6%. All eyes are now fixed on the $120,000 threshold, which Glassnode identified as a critical inflection point at which several on-chain price models converge. Judging from the past, if BTC were to breach these levels, it could accelerate sell-side pressure as long-term holders look to pocket gains. “In the event of further upside, the $120k level appears as a key zone of interest, with sell-side pressure expected to accelerate,” the platform’s analysts concluded. The post Bitcoin Enters Euphoria Phase: On-Chain Data Signals Volatility Ahead at $120K appeared first on CryptoPotato .
Hyperliquid is cooling off after a parabolic rally, with price pulling back from recent highs as traders watch key support levels. Hyperliquid ( HYPE ) is trading at $34.25 at press time, down 5% over the past 24 hours. This follows a strong rally that saw the token climb 83% over the last 30 days, peaking at a new all-time high of $39.58 on May 26. Despite the dip, trading activity remains high. In the last 24 hours, trading volume rose to $325.7 million, a 12% increase in the past day. Derivatives activity has also been sustained, with a daily volume of $1.27 billion, up 8.33%, according to Coinglass data . Following the recent price peak, HYPE’s open interest dropped 4.45% to $1.29 billion, indicating that some traders might be taking profits or reducing leverage. The recent market move comes after Hyperliquid’s decentralized perpetuals platform saw a record spike in on-chain metrics. For the week ending May 26, the decentralized exchange recorded the highest weekly trading volume of $72 billion and an all-time high in open interest at $10.1 billion. Hyperliquid also surpassed major decentralized finance platforms like Berachain ( BERA ) in total value locked, reaching $3.5 billion, and now nears $1.5 trillion in cumulative trading volume less than two years after launch. You might also like: No VC, $1B Trades, and a 300% Rally — what makes Hyperliquid crypto tick? Part of the platform’s recent spotlight stems from visible high-leverage whale activity. Notably, pseudonymous trader James Wynn opened a $1.25 billion long position on Bitcoin ( BTC ) using 40x leverage between May 21–22. Initially, the trade netted in unrealized gains of $40 million, but by May 25, a market decline brought on by Trump’s tariff announcement resulted in losses ranging from $13.4 million to $17.5 million. Looking at the technical picture, HYPE appears to be in a healthy consolidation phase. After retreating from the upper Bollinger Band at $39, the token is currently testing the middle band, which is in line with short-term moving averages, around $33. Hyperliquid price analysis. Credit: crypto.news At 65.5, the relative strength index is showing positive momentum despite declining from overbought levels. The moving average convergence divergence is still bullish and indicates a sustained upward bias. All major moving averages, including the 10-day, 100-day, and SMAs, are in strong buy territory. The Stochastic RSI, on the other hand, is cooling, indicating that the rally may be losing steam. Bulls may view this as a buying opportunity if the token remains above the 20-day EMA at about $30.4. A drop below this could lead to a retest of lower levels near $28. On the upside, a break above $36 might pave the way for a second push toward $40 and higher highs. Read more: Hyperliquid responds to CFTC’s request for comment on perpetuals and 24/7 trading
U.S. vice president JD Vance has predicted the number of Americans who own bitcoin is about to double to 100 million...
BitcoinWorld Mirae Asset Securities Explores Bold Crypto Spin-Off in South Korea In a move that signals the continued convergence of traditional finance and the burgeoning world of digital assets, Mirae Asset Securities, one of South Korea’s largest financial investment companies, is reportedly exploring a significant strategic shift. According to a report by local media outlet Herald Economy, citing insights from industry insiders, the firm is contemplating spinning off its dedicated crypto business unit into a separate, independent entity. This potential separation marks a pivotal moment, suggesting a deeper commitment to the digital asset space beyond integrating it within existing structures. Mirae Asset Securities Eyes a Dedicated Crypto Future The core of the news revolves around Mirae Asset Securities potentially creating a new company solely focused on cryptocurrency and blockchain-related ventures. Currently, the firm houses its digital asset activities within its broader operations, managed by a dedicated team. The proposed spin-off would elevate this team and its functions into a standalone business, potentially granting it greater autonomy, flexibility, and focus to navigate the unique challenges and opportunities within the South Korea crypto market and globally. This isn’t the first time Mirae Asset has shown interest in the digital realm. The firm established a digital assets task force back in 2021, spearheaded by Chairman Park Hyeon-joo. This task force later evolved into the current digital asset solutions team, which is now reportedly the subject of the potential spin-off. This progression highlights a methodical approach by Mirae Asset, moving from initial exploration to a more structured internal team, and now potentially considering a fully independent venture. Why Spin Off a South Korea Crypto Business Unit? The decision to spin off a successful or promising internal unit is often driven by strategic considerations aimed at unlocking greater value and potential. For Mirae Asset Securities and its crypto business , several factors could be at play: Increased Focus and Agility: A standalone entity can dedicate 100% of its resources, talent, and strategic planning to the digital asset space, free from the complexities and priorities of a large, diversified financial institution. This can lead to faster innovation and quicker adaptation to the rapidly changing crypto landscape. Regulatory Clarity: Operating a dedicated crypto firm might offer clearer regulatory pathways compared to embedding these activities within a traditional securities firm, which operates under a different set of rules and compliance requirements. Attracting Specialized Talent and Investment: A focused crypto company is often more attractive to top-tier talent with specific blockchain and crypto expertise. It can also be easier to attract external investment specifically targeted at the digital asset sector, potentially boosting the new entity’s growth capital. Potential for Higher Valuation: The market often values pure-play technology or growth companies differently than large, established financial conglomerates. A separate crypto entity might command a higher valuation multiple based on its growth potential in the digital asset space. Strategic Partnerships: A focused crypto firm might find it easier to form partnerships and collaborations with other native crypto companies and protocols. The Evolution of Mirae Asset’s Digital Asset Unit Mirae Asset’s journey into digital assets is a testament to the growing interest among major financial players. The initial task force in 2021 was likely focused on research, understanding the technology, regulatory landscape, and market potential. The subsequent formation of a dedicated team suggests a move towards operationalizing these insights, perhaps exploring services like digital asset custody, tokenization, or even trading services within the existing framework. The potential spin-off of this digital asset unit indicates a strategic pivot from integration to specialization. It suggests that Mirae Asset believes the crypto business has grown to a point where it warrants its own structure to maximize its potential, or that operating it within the traditional securities framework presents limitations. Potential Impact on South Korea’s Financial Firm Crypto Landscape If Mirae Asset Securities, a leading financial firm crypto player in South Korea, proceeds with this spin-off, it could have significant ripple effects: Setting a Precedent: Other major South Korean financial institutions that have been cautiously exploring or integrating digital assets might view this as a viable model for scaling their crypto operations. Boosting Market Confidence: A major player like Mirae Asset creating a dedicated crypto entity lends further legitimacy to the digital asset market in South Korea and could encourage greater institutional and retail participation. Increased Competition and Innovation: A focused Mirae Asset crypto entity would likely aggressively pursue market share and innovation, potentially spurring other firms to accelerate their own digital asset strategies. Regulatory Focus: A high-profile spin-off could bring increased attention from regulators, potentially leading to clearer guidelines or frameworks for standalone crypto businesses affiliated with traditional finance. The move aligns with a broader global trend where financial giants are finding ways to engage with crypto, ranging from offering limited services to clients, investing in crypto companies, or, as potentially in this case, creating separate ventures. Navigating the Path for a Standalone Crypto Business While the potential benefits are clear, spinning off a digital asset unit is not without its challenges. Key considerations for Mirae Asset would include: Regulatory Approval: Obtaining the necessary licenses and approvals from South Korean financial regulators for a new, dedicated crypto entity will be crucial and potentially complex. Operational Separation: Successfully separating technology infrastructure, compliance frameworks, personnel, and client relationships from the parent company requires meticulous planning and execution. Capitalization: Ensuring the new entity is adequately funded to build its operations, technology, and navigate market volatility is essential. Market Risk: The crypto market remains volatile and subject to significant price swings and evolving sentiment. The new entity would need robust risk management frameworks. Talent Retention and Acquisition: While a standalone entity can attract talent, retaining key personnel during the transition and competing for top crypto expertise globally will be vital. The report indicates that the firm is currently exploring the possibility, meaning a final decision has not been made. This exploration phase likely involves detailed feasibility studies, regulatory consultations, and internal strategic reviews. In conclusion, Mirae Asset Securities’ reported consideration of spinning off its crypto unit into a standalone entity is a significant development for the South Korea crypto market and the broader trend of traditional finance embracing digital assets. It suggests a potential shift towards greater specialization and focus within the digital asset space, driven by the desire for increased agility, clearer regulatory pathways, and the potential to unlock greater value. While challenges remain, the move underscores the growing importance of cryptocurrencies and blockchain technology in the strategies of major financial institutions globally. To learn more about the latest South Korea crypto trends, explore our articles on key developments shaping the digital asset unit landscape and financial firm crypto strategies. This post Mirae Asset Securities Explores Bold Crypto Spin-Off in South Korea first appeared on BitcoinWorld and is written by Editorial Team
The post Solana (SOL) Price Analysis: Strong Support at $170, What Next? appeared first on Coinpedia Fintech News Solana continues to gain ground in the blockchain and financial ecosystem, thanks to high-impact developments. Firstly, SOL Strategies’ ambitious $1 billion prospectus and $500 million At-the-Will (ATW) facility provide significant institutional backing, with the potential inclusion of tokenized shares further working on the line between traditional finance and crypto. Secondly, MetaMask’s expanded support for Solana significantly lowers entry barriers, enhancing usability through fast and low-cost transactions. Finally, RedStone’s integration introduces robust RWA data into Solana’s DeFi scene, opening new doors for diversified investment strategies. Amid these bullish fundamentals, wondering how Solana will perform on its charts? This SOL price analysis gives you the short-term targets! SOL Price Analysis At the time of press, Solana is trading at $172.42, with a minor 0.82% dip over the last 24 hours and a 3.58% decline over the past week. Despite the short-term pullback, SOL remains up 16.05% over the past month, reflecting a resilient uptrend on the broader time frame. With a market capitalization of $89.79 billion and a 24-hour trading volume of $3.66 billion, investors remain actively engaged. On the chart, SOL has found a strong grip at the $168–$170 support zone. It has bounced back decisively and reclaimed the key level of $172.50, which now aligns with the 9-period SMA. The Immediate resistance lies at $178.50, a break and close above this zone could open the door for a rally toward the $185–$190 range. Contrarily, traders should monitor $167.50 as a crucial stop-loss level. A breakdown below this could invalidate the bullish thesis and trigger a deeper retracement toward the $160 range. Also read our Solana (SOL) Price Prediction 2025, 2026-2030 for long-term targets! FAQs 1. Is Solana a good buy right now? Solana is showing strength above the $172.50 level with strong fundamentals. However, a confirmed break above $178.50 would improve risk-reward for new entries. 2 . How much is 1 Solana now? Solana (SOL) price at the time of writing is trading at $172.42 with an intraday price change of -0.82%. 3. What is the major support level for Solana? The key support zone lies between $168 and $170, with a stop-loss placed at $167.50.