News
20 May 2025, 12:46
Geoff Kendrick Predicts Bitcoin Will Surge to $500,000 by 2028 Amid Institutional Moves
COINOTAG News, May 20th – Geoff Kendrick from Standard Chartered Bank highlighted that the latest U.S. Securities and Exchange Commission (SEC) 13F report signals a robust outlook for Bitcoin, projecting
20 May 2025, 12:40
What The SEC’s Crypto Roundtable Series Mean For Digital Assets
The SEC Crypto Task Force (CTF) is hosting a five-part roundtable series on digital assets, decentralized finance (DeFi), and the evolving role of AI in these industries.
20 May 2025, 12:35
Circle Exploring Potential $5 Billion Sale To Ripple Or Coinbase Despite IPO Plans
Stablecoin giant Circle is reportedly mulling a possible sale at a valuation of at least $5 billion. The alleged discussions involving America’s leading crypto exchange, Coinbase, and blockchain payments firm Ripple are taking place while Circle plans an initial public offering (IPO). Circle Seeking A Sale Price Of At Least $5 Billion Circle, the issuer of the USDC dollar-pegged stablecoin, took part in informal takeover talks from which it was seeking at least $5 billion from potential buyers, according to a Monday report from Fortune, citing four banking and private equity sources familiar with the matter. As reported by ZyCrypto last month, Ripple had offered to acquire Circle for up to $5 billion, but the offer was rejected as too low. At the time, sources claimed that Ripple remained interested in Circle, but hadn’t decided on whether to make another offer. Ripple’s proposed deal likely included a huge portion of the payment in the XRP cryptocurrency. While nominally valued at market rates, XRP-based payments may be significantly discounted by a potential seller like Circle, which is seeking a public listing. USDC is currently the second-largest stablecoin by market cap at $60.6 billion, trailing only Tether’s USDT at $151.6 billion. Since launching last December, Ripple’s RLUSD stablecoin market cap has climbed to over $312 million, according to data from CoinGecko. Will Coinbase Outbid Ripple? Meanwhile, if Coinbase were to buy Circle, it would pay using cash and stock. Even if Ripple were to match the requested price, Circle might still sell to Coinbase, given their long-lasting partnership since the launch of the CENTRE Consortium in 2018, which initially managed USDC. Circle also has an agreement with Coinbase to list USDC on its trading platform, and the two companies share revenue from the stablecoin’s reserve interest income. “If Coinbase wanted to buy them, Circle would sell in a heartbeat,” one of the sources reportedly told Fortune . Coinbase, which also recently agreed to purchase options trading platform Deribit for a staggering $2.9 billion, recently became the first crypto firm to join the S&P 500 index. Circle is among an increasing number of crypto-related companies that have signaled interest in going public in the near future since President Donald Trump took office in January. Earlier in April, the company submitted a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). However, the company later weighed delaying its IPO due to macroeconomic uncertainty ignited by President Trump’s sweeping trade tariffs, according to The Wall Street Journal .
20 May 2025, 12:30
Asia Moves From Dollar to Digital Gold as Hong Kong Leads Regulation
Digital asset adoption rises as Asia’s wealthy investors pivot from US dollar holdings to crypto and gold. Hong Kong leads with Bitcoin ETF approval and stablecoin rules as region sets global regulatory standard. Private banks report growing demand for Bitcoin, stablecoins, and Chinese equities across Asia. Digital assets are catching on fast among investors worldwide, with Asia leading the charge as wealthy individuals shift away from traditional US dollar-based portfolios. According to the South China Morning Post , digital asset adoption is changing rapidly, especially with spot Bitcoin ETFs in the US now managing more than $120 billion. BlackRock’s iShares Bitcoin Trust (IBIT) leads the pack with over $65 billion in assets. Stablecoin transactions hit $27 trillion in 2023, outpacing the combined yearly volume of Visa and Mastercard. This growth highlights what some analysts call the “Uncertainty Paradox”—digital assets have moved past their speculative roots and are now seen as tools for hedging and building new financial infrastructure. “The appeal of ‘digital gold’ is clear,” noted analysts at Galaxy Digital , highlighting Bitcoin… The post Asia Moves From Dollar to Digital Gold as Hong Kong Leads Regulation appeared first on Coin Edition .
20 May 2025, 12:27
Binance Moves to Dismiss FTX’s $1.76 Billion Lawsuit
The post Binance Moves to Dismiss FTX’s $1.76 Billion Lawsuit appeared first on Coinpedia Fintech News Binance has officially asked the court to dismiss FTX’s $1.76 billion lawsuit. The company says the accusations are without merit and baseless. Binance also argues that U.S. courts don’t have the authority to handle this case. This legal move is part of Binance’s effort to defend itself against the claims and challenge the lawsuit’s validity. The case highlights ongoing tensions between the two crypto giants.
20 May 2025, 12:26
Space and Time Labs Expands Microsoft Collaboration, Bringing Verifiable Blockchain Data to Fabric
Leading Web3 decentralized data firm Space and Time Labs expands its offerings to Microsoft Fabric, allowing Web 2.0 developers to access real-time blockchain data from leading networks. Space and Time Labs , the team behind Space and Time (SxT), has announced a partnership with Microsoft Fabric to integrate blockchain data on its platform. The integration will feature data from top blockchains, including Bitcoin, Ethereum and Sui networks. Through the integration of SxT, Microsoft Fabric developers will be able to access real-time, verifiable blockchain data within Microsoft Azure OneLake. Microsoft Fabric is a unified, end-to-end analytics platform designed to streamline data workflows and provide a central place for data management, processing, and analysis. On the other hand, SxT indexes popular blockchains and and verifies the data using zero-knowledge (ZK) proofs and makes it available for developers to query for app development and analytics. Nate Holiday, CEO of Space and Time Labs, believes the integration will help advance development of next gen applications on Microsoft Fabric as well as advance the adoption of Web3 globally. “We’re thrilled to expand our collaboration with Microsoft to provide verifiable blockchain data to enterprises, institutions, and developers building on Fabric,” Holiday stated on the integration. “This integration enables a wealth of new data-driven use cases across financial services, Web3 apps, and AI to be built on Microsoft technology.” As the leading platform providing Web3 and blockchain data directly, SxT will streamline access to this data across the Fabric ecosystem. This is aimed at providing a trusted and efficient solution for developers and enterprises to interact with on-chain data and use the data to build next-generation applications. The indexed data will be available for all Microsoft Fabric developers. "By integrating with Microsoft Fabric, Space and Time not only expands our ability to serve developers and enterprises with reliable data but also aligns with our mission to democratize technology across diverse industries, including Web3,” said Sruly Taber, Principal Product Manager, Microsoft Fabric at Microsoft. “This integration underscores our commitment to providing tools that enhance productivity and drive innovation at a global scale." While this marks the first partnership with Microsoft Fabric, Space and Time have collaborated and received funding from Microsoft in the past. The software firm welcomed Microsoft’s venture capital arm, M12, which participated in a $20 million Series A funding round for Space and Time after leading its strategic round in 2022. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
