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Telo News - Crypto | DeFi | Web3 avatar
Telo News - Crypto | DeFi | Web3
Криптовалюталар
Telo News - Crypto | DeFi | Web3 avatar
Telo News - Crypto | DeFi | Web3
Криптовалюталар
UK Treasury Secretary Emma Reynolds ruled out creating a national crypto reserve, saying the approach taken by the U.S. “is not the plan for us.”

Instead, the UK will focus on regulated digital asset frameworks and potential sovereign debt issuance via blockchain, while continuing strategic cooperation with the U.S. on crypto policy.

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Ripple has committed $25m—primarily in its Ripple USD (RLUSD) stablecoin—to DonorsChoose and Teach For America to support U.S. teachers and classrooms.

The initiative marks the first large-scale deployment of RLUSD in the nonprofit sector.

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OKX CEO Star Xu announced that OKX DEX will restart today with a real-time abuse detection and blocking system, describing OKX Web3 as the “Chrome and search engine to blockchain.”

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COTI has joined the European Central Bank’s Digital Euro initiative as a “Pioneer Partner,” working alongside major firms like Accenture and KPMG to test conditional payment systems using its privacy-focused technology.

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Deribit, the world’s largest crypto options exchange, is considering entering the U.S. market, citing a more favorable regulatory outlook under the Trump administration.

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Apple has updated its U.S. App Store rules following its antitrust loss to Epic Games. iOS apps can now link to external payment sites, accept crypto, and display NFTs without the 30% “Apple Tax” or Web3 feature restrictions.

Developers no longer need Apple’s approval to mint, list, or sell NFTs directly in-app. However, restrictions remain: apps still cannot offer token rewards, facilitate ICOs, or use the device for mining.

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KuCoin released its 30th consecutive Proof of Reserves (PoR) report.

⚫️ BTC: 10,306.78 BTC (at 106%)
⚫️ ETH: 168,779.13 ETH (at 116%)
⚫️ USDT: $1.34bn (at 114%)
USDC: $93.4m (at 109%)

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Strategy has purchased 1,895 BTC for approximately $180.3m at an average price of $95,167 per Bitcoin, achieving a BTC Yield of 14.0% YTD in 2025.

As of May 5, 2025, the company holds 555,450 BTC, acquired for about $38.08bn at an average price of $68,550 per Bitcoin.

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Senator Elizabeth Warren has called Donald Trump’s $2bn crypto deal between his company, World Liberty Financial, and the UAE “shady.”

She said the Senate should not pass a crypto bill this week to facilitate this kind of corruption.

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The Maldivian government has signed a $8.8bn joint venture with Dubai-based MBS Global Investments to build a blockchain and digital assets financial center in Malé.

The project aims to diversify the Maldives' economy beyond tourism and fisheries, with $4–5bn in preliminary funding already secured.

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In Q1 2025, Solana outpaced all other blockchains—including Ethereum—in network revenue, driven by its 65,000 TPS and ultra-low fees.

With $12bn TVL in January and rapid DeFi and NFT growth, Solana is now the top-earning blockchain. For comparison, Ethereum reached similar revenue levels back in 2020.

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Goldman Sachs is set to increase its investments in crypto lending and make a significant push into asset tokenization, according to Mathew McDermott, the bank’s global head of digital assets.

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Ripple’s Q1 2025 report shows the company held 4.56bn XRP as of March 31, up 1.7% from the previous quarter, with escrow holdings down to 37.1bn XRP.

At $2.15 per token, Ripple’s XRP holdings are worth $98.6bn. The report also confirmed the acquisition of Hidden Road and ongoing interest in buying Circle.

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With around 16 million virtual asset investors—about 36% of South Korea’s electorate—crypto has become a key issue ahead of the June 3 presidential election. Candidates across party lines are rolling out crypto-friendly policies in a bid to win over this growing voter base.

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Starting in June, South Korea’s Financial Services Commission will allow non-profit organizations and virtual asset exchanges to legally sell virtual assets, as long as they implement internal review systems and enhance anti-money laundering measures.

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President Trump said the crypto market was “much stronger” than the stock market during the recent crash, calling it “very popular” and “very hot.”

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Bitcoin price predictions for 2025 range from $122,000 to as high as $700,000, with most major funds and analysts forecasting between $200,000 and $250,000—roughly a 1.5x from current levels.

Key drivers behind the forecasts include halving, growing ETF flows, institutional FOMO, and macro hedging demand.

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Ripple reportedly increased its $4-5bn bid to $20bn to acquire USDC issuer Circle, and the deal is nearing completion.

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Both of Florida’s Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed after the state legislature adjourned its 2025 session on May 2 without passing them.

The bills were indefinitely postponed and withdrawn from consideration.

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PumpFun has captured $294m in fees so far this year, surpassing Ethereum’s $249m, and has outpaced Ethereum in weekly fee capture for 9 consecutive weeks.

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Kyrgyzstan will launch a gold-backed stablecoin, USDKG, in Q3 2025, pegged 1:1 to the US dollar and backed by $500m in gold reserves.

The over-collateralized token aims to boost cross-border payments and remittances, with plans to scale reserves to $2bn and expand from Central Asia to Southeast Asia and the Middle East.

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Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025, ending a 60-year run that turned the firm into a $1.16tr giant.

Vice Chairman Greg Abel will take over, with full operational control of the $264bn portfolio and nearly 200 subsidiaries, while Buffett remains in an advisory role.

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The EU plans to ban anonymous tokens by 2027. Under updated MiCA regulations, crypto service providers (CASPs) will be prohibited from servicing anonymous wallets and tokens like Monero (XMR) and Zcash (ZEC). The restrictions will apply to exchanges, wallets, and other regulated platforms.

New AML rules will also require KYC checks for all crypto transactions over €1,000.

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Strategy reported a Q1 net loss of $16.49 per share, driven by Bitcoin’s price drop, and missed revenue expectations with $111m, down 3.6% YoY.

The firm bought 80,715 BTC in Q1, bringing total holdings to 553,555 BTC worth ~$52bn. It also plans to issue $21bn in new shares to fuel future acquisitions.

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