Global

Hex Trust Group, a prominent crypto custodian headquartered in Hong Kong, has introduced USDX, marking the inaugural native stablecoin on the layer-1 blockchain Flare.

The recent surge in Dogecoin's (DOGE) price suggests a potential for gains as it indicates a recovery trend. Historically, instances of short liquidations within the past 24 hours have often been succeeded by price increases, and this pattern could repeat itself this time.

The cryptocurrency industry is eagerly awaiting May 23, when the US Securities and Exchange Commission (SEC) is scheduled to announce its decision on VanEck's spot ETH exchange-traded fund (ETF) application, followed by ARK 21Shares' decision on May 24.

DeBank, a cryptocurrency portfolio tracker, has launched a new authentication system called Credit, which is geared towards evaluating the legitimacy, engagement, and wealth of Web3 users across various platforms. In a recent update on X, DeBank revealed that Credit is now integrated directly into their platform. This system enables users to verify their "real user" status by confirming their identity and on-chain net worth.

Fidelity has updated its S-1 application with the SEC for its Ether exchange-traded fund (ETF), indicating that the underlying Ether tokens will not be staked. This amendment comes amid speculation about the SEC's stance on spot Ether ETFs, with reports suggesting a shift possibly due to external pressures.

The market capitalization of NEAR is nearing its annual peak, indicating substantial interest and investment in the token.

Yuga Labs, the creative force behind the immensely popular Bored Ape Yacht Club NFTs, is stepping away from its association with Cryptopunks, another notable NFT collection highly regarded in the crypto community.

Telegram's extensive user base is proving to be fertile ground for cryptocurrency adoption, with viral games like Notcoin gaining immense popularity. Notcoin amassed over 30 million users on Telegram and established TON-based cryptocurrency wallets in under two months.

Bybit, one of the leading cryptocurrency exchanges worldwide in terms of trading volume, has achieved a significant milestone by exceeding 30 million registered users globally.

Lilian Nurieva, previously serving as the Head of Networks at the Russian cryptocurrency investment fund Finiko, has been handed a three-year sentence for her involvement in defrauding private investors and her participation in an organized criminal group.

Democratic Party members of the United States House of Representatives have received an email urging them not to vote against two upcoming pro-crypto bills, although they are strongly encouraged to do so.

For the first time in 10 months, the global count of active Bitcoin ATMs has declined since July 2023. The United States and Canada jointly represent 91.4% of the total Bitcoin ATM network, with 31,089 (82.6%) machines in the U.S. and 2,909 (7.7%) in Canada.