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May 23, 2025 05:10

Worldcoin Jumps 10% After World Foundation Raises $135M Through Early Backers

Sam Altman- backed Worldcoin is making headlines again as its native token WLD surged 10% in the past day following a major $135 million fundraising round lef by venture capital giants Anreesen Horowitz (a16z) and Bain Capital Crypto.  According to the company, this funding opportunity is in service to the long-term mission of World and

The post Worldcoin Jumps 10% After World Foundation Raises $135M Through Early Backers appeared first on BTC Ethereum Crypto Currency Blog.

May 23, 2025 05:10

Michael Saylors Strategy (MSTR) Opens $2.1B ATM Program for Strife Preferred Stock 

Bitcoin Magazine Michael Saylors Strategy (MSTR) Opens $2.1B ATM Program for Strife Preferred Stock  Strategy has launched a $2.1 billion At-The-Market (ATM) equity program for its Strife (STRF) preferred stock, marking another step in the firms long-term strategy to build a Bitcoin-backed financial architecture. The announcement was made by CEO and President Phong Lee during

The post Michael Saylors Strategy (MSTR) Opens $2.1B ATM Program for Strife Preferred Stock  appeared first on BTC Ethereum Crypto Currency Blog.

May 23, 2025 05:10

Despite Record Prices, Bitcoin Selling Pressure Craters as Investors Hold Firm, Cryptoquant Reports

Cryptocurrency investors are holding major assets despite near-record prices, with exchange inflows plummeting and stablecoin liquidity surging to new highs, according to a May 2025 report by blockchain analytics firm Cryptoquant. At Near All-Time Highs, Crypto Exchange Inflows Collapse Cryptoquants findings suggest reduced selling pressure across bitcoin, ethereum, and XRP alongside record liquidity conditions, potentially

The post Despite Record Prices, Bitcoin Selling Pressure Craters as Investors Hold Firm, Cryptoquant Reports appeared first on BTC Ethereum Crypto Currency Blog.

Bitcoin Overtakes Amazon in Total Market Cap, as Supporters Eye even Bigger Targets...

Author: noreply@blogger.com (Silicon Valley Newsroom)
Source: Breaking Crypto News LIVE: Realtime Feed For Bitco
May 23, 2025 04:25

Bitcoin Overtakes Amazon in Total Market Cap, as Supporters Eye even Bigger Targets...

Bitcoin just broke past $109,500, setting a new all-time high and officially leapfrogging Amazon in market cap. That puts BTC in the heavyweight categorynow the fifth most valuable asset on the planet. Next up on its leaderboard hit list: Apple, Nvidia, Microsoft, and the big onegold.

So, whats fueling this meteoric rise? Its not just hype. We're seeing a powerful mix of institutional money, rising retail investor confidence, and a macro environment thats turning in Bitcoins favor. Risk-on assets are back in play, and Bitcoins looking like the king of that hill.

Importantly, this isnt some knee-jerk spike off a news headline. The price movement is broad-based and organica sign that momentum could be sustainable rather than just a flash in the pan.

Whats Next?

Bitcoins now flirting with the $110K mark, a zone packed with liquidity. That means we could hover around this zone for awhile. But not everyone's expecting a cooldown.

Market analyst Willy Woo, for one, thinks were just getting started. On X this morning, he posted: Once BTC properly breaks the all-time highs, the move to $118k will be very fast. 

In Conclusion

Bitcoin is no longer knocking on the doorits already inside the house with the big players. And with its capped supply, frictionless digital transferability, and apolitical foundation, its positioned unlike anything else on Wall Street. As trust in institutions gets shakier and the world grows more digital and decentralized, Bitcoins rise feels less like a trendand more like a tectonic shift.

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Author: Ross Davis
Silicon Valley Newsroom
GCP Breaking Crypto News

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Top US Exchange Says This Could Be the Last Chance to Grab XRP at Current Low Prices: Heres Why

Author: Abdulkarim Abdulwahab
Source: The Crypto Basic
May 23, 2025 03:40

Top US Exchange Says This Could Be the Last Chance to Grab XRP at Current Low Prices: Heres Why

While XRP holds steady around the $2 mark after Bitcoin has made history, prominent market watchers believe June 2025 could change everything for XRP.According to Martin Hiesboeck, Head of Research at U.S.-based Uphold exchange, the stars may be aligning for XRP's next major breakout or its last calm before the storm.Notably, the optimism relies on three major events scheduled for June. Hiesboeck suggested that the current price range could be the final entry point before another powerful movement. The Uphold exchange itself also shared this sentiment in a follow-up commentary to Hiesboeck's analysis.Spot XRP ETF Decision as a Game-ChangerOne of the most closely watched dates is June 17, when the U.S. SEC could issue a ruling on Franklin Templetons spot XRP ETF application. After missing the original May decision window, anticipation has only grown. At least ten XRP ETF applications exist with a final decision timeline in October.Hiesboeck noted that a green light from the SEC could catapult XRP into the mainstream financial ecosystem, much like Bitcoin surged after its ETF approvals in January 2024. While Ethereums ETF launch had less impact in mid-2024, proponents argue that XRP's unique utility in cross-border payments and increasing institutional attention could fuel a more dramatic price reaction.Feds June Meeting Could Trigger Altcoin SurgeRunning almost in parallel with the ETF decision is the Federal Open Market Committee (FOMC) meeting on June 1718. Here, traders are watching for potential interest rate cuts. Risk assets like crypto could benefit if the Fed adopts a more dovish policy in response to growing economic stress or global trade tension. Altcoins like XRP often outperform during liquidity-driven rallies, as investors rotate away from large-cap assets like Bitcoin in search of higher upside. Specifically, a rate cut could inject fresh momentum into the altcoin space.XRPL APEX Conference May Reveal Ripples Next Big MoveThe third piece of the puzzle is the XRPL APEX, an annual XRP developer summit scheduled for June 1012 in Singapore. The event will feature Ripple executives and leading builders discussing the future of the XRP Ledger (XRPL).The agenda hints at major updates, including integrations with artificial intelligence, cross-chain interoperability, DeFi, and real-world asset tokenization. According to Hiesboeck, if Ripple delivers any major product launches or partnerships, investor sentiment around XRP could soar, fueling a potential rally.The Window May Be ClosingXRP has already demonstrated its ability to move fast, jumping from $0.50 on U.S. Election Day 2024 to a high of $3.39 within just two months. Since then, it has consolidated between $2 and $2.50. During this time, many traders have been on the sidelines waiting for a clear signal. Meanwhile, Uphold summed it up, saying, "June could be make-or-break for XRP." As May draws to a close, Uphold suggests market participants may be seeing the final opportunity to acquire XRP at under $3. These three critical catalysts converging in a short span make market watchers believe the incoming month could mark XRP's new breakout point as seen in November 2024.https://twitter.com/UpholdInc/status/1925319693965172883

Stablecoins Could Solve $7T in Global Fees: Scaramucci

Author: Olivia Stephanie
Source: The Crypto Basic
May 23, 2025 03:40

Stablecoins Could Solve $7T in Global Fees: Scaramucci

Stablecoins have the potential to cut transaction costs globally and strengthen the U.S. dollars global position, according to Anthony Scaramucci.Scaramucci, founder of SkyBridge Capital, emphasized the strategic role of stablecoins and emerging crypto legislation during a recent appearance on CNBCs Squawk Box. While addressing Bitcoins price movement, he shifted focus toward how stablecoins could reduce global transaction costs and reinforce U.S. dollar dominance. Scaramucci underlined the bipartisan push behind new regulatory frameworks such as the Stable Act and the GENIUS Act.For context, the legislation, supported by industry stakeholders, sets regulatory guidelines for stablecoins, digital tokens typically linked to the U.S. dollar or similar assets.On Monday, the Senate approved the GENIUS Act in a 66-22 vote, moving forward legislation focused on crypto regulation. Despite earlier concerns from some Democrats over former President Donald Trumps involvement in digital assets, 16 ultimately backed the bill.Stablecoins Tied to U.S. Dollar Strength and Treasury DemandScaramucci noted that stablecoins like Circle and Tether are expanding their reserves with U.S. dollar-denominated assets, specifically U.S. Treasuries. He pointed out that Tether holds more U.S. Treasuries than countries like Germany or Japan. According to Scaramucci, this accumulation boosts demand for Treasuries and supports the global position of the U.S. dollar. He added that future legislation would likely expand these reserves further. This development aligns with a growing international financial strategy centered around U.S.-backed assets.Cost Reduction and Future Use Cases of Blockchain PaymentFurther into the conversation, Scaramucci stated that stablecoins could help cut the $7 trillion in global transaction fees, including credit card and wire transfer costs. He envisioned practical use cases, such as paying with stablecoins at venues like New Yorks Hunt and Fish Club to bypass high credit card fees. He supported U.S. efforts to retain crypto innovation domestically, contrasting the current administrations policies with what he described as speculative objections from the previous one.White House Confident in Senate PassageNotably, David Sacks, a senior adviser to U.S. President Donald Trump on both cryptocurrency and artificial intelligence, indicated that the administration anticipates bipartisan support for the stablecoin legislation in the Senate. Speaking to CNBC on May 21 after a crucial vote where 15 Democrats sided with Republicans to overcome the filibuster, Sacks expressed confidence in the bills ultimate passage.

David Sacks Says Stablecoin Bill Could Generate Trillions in Demand for US Treasuries

Author: Abdulkarim Abdulwahab
Source: The Crypto Basic
May 23, 2025 03:40

David Sacks Says Stablecoin Bill Could Generate Trillions in Demand for US Treasuries

White House crypto advisor David Sacks says the U.S. could see a surge in demand for Treasuries "practically overnight" if the GENIUS Act stablecoin bill is passed.Specifically, he claimed the move could generate trillions of dollars in demand for U.S. government debt.From $200B to Multi-Trillion-Dollar MarketIn an interview on CNBC, Sacks emphasized that the current $250 billion stablecoin market is largely unregulated. He argued that once a legal structure is in place, the market could expand to the multi-trillion-dollar level, driven by global demand for dollar-backed digital assets fully collateralized by U.S. Treasuries.Notably, the GENIUS Act would require stablecoins to be fully backed by U.S. Treasuries or equivalent cash assets. It would also introduce anti-money laundering (AML) compliance standards and impose registration and auditing requirements for issuers exceeding $50 billion in market cap. At the moment, only Tether and Circle meet this rule.Sacks prediction is already partly due to market behavior. Tether, the largest stablecoin issuer, disclosed on May 1 that it holds nearly $120 billion in U.S. Treasury securities. Interestingly, this figure places it ahead of countries like the UAE and Germany among the largest holders of the government asset, according to U.S. Treasury data.This shows that even in the absence of regulation, stablecoin issuers are turning to U.S. Treasuries as a trusted reserve asset, a trend that could accelerate if the bill passes.Bitwise CIO Matt Hougan echoed Sacks optimism, stating that the bill could kick off a multi-year bull run in crypto markets. He projects the stablecoin sector could reach $2.5 trillion in no time, driven by institutional adoption and legal certainty.Meanwhile, other prominent commentators like Senator Bill Hagerty have an even bolder perspective. Hagerty asserted that stablecoin issuers could even emerge to be the largest holders of U.S. Treasuries.Senate Momentum on Stablecoin BillNotably, the stablecoin bill is gaining bipartisan momentum. The Senate voted 6632 to advance the legislation earlier this week, with 15 Democrats joining Republicans. The vote clears the path for a final vote, barring further amendments.Despite bipartisan support, the bill faces criticism from most Democratic lawmakers. Senators Elizabeth Warren and Richard Blumenthal have voiced concerns over potential conflicts of interest.Particularly, their concerns have been around World Liberty Financials USD1 stablecoin, which has ties to the Trump family.Blumenthal warned that the bill, if unchecked, could allow foreign entities to exploit U.S. financial infrastructure under the guise of decentralization. Warren criticized the legislation for not including stronger guardrails to prevent political entanglements.Meanwhile, Sacks declined to address the Trump family's concerns directly but emphasized that the bill would help maintain U.S. dollar dominance and modernize the countrys payment rails.

Kraken to Launch Tokenized Trading for Apple, Tesla, and Nvidia Stocks on Solana

Author: Sam Wisdom Raphael
Source: The Crypto Basic
May 23, 2025 03:40

Kraken to Launch Tokenized Trading for Apple, Tesla, and Nvidia Stocks on Solana

Kraken plans to tokenize and allow trading for about 50 Stocks and ETFs, including those of Apple, Tesla, and Nvidia, atop the Solana blockchain.The Wall Street Journal recently reported that Kraken, a major U.S.-based crypto exchange, is preparing to launch a new service that will let international users trade tokenized versions of over 50 popular stocks and ETFs. Among the big names on the list are Apple, Tesla, and Nvidia. Kraken to Leverage Solana for Tokenized StocksNotably, the service will roll out in markets across Europe, Latin America, Africa, and Asia in the coming weeks. However, the exchange has confirmed that it will not be available in the U.S.These digital tokens, which Kraken calls "xStocks," will be based on the Solana blockchain. Each token will represent a real share of the stock or ETF it tracks. Kraken's partner, Backed Finance, will buy and hold the actual stocks to back the tokens. For clarity, users will not own the physical shares themselves but can redeem the tokens for their cash value, helping keep prices in line with those of the real stocks.Remarkably, what sets this apart from traditional investing is that these tokens can be traded 24/7, even when U.S. stock markets are closed. Kraken says the goal is to give investors outside the U.S. a more affordable and flexible way to access American markets. Solving an Accessibility Problem According to the Wall Street Journal, Kraken's co-CEO, Arjun Sethi, pointed out that buying U.S. stocks from abroad often involves high fees and long processing times. This new setup seeks to address that.Kraken's plan also includes giving users more freedom over how they use these tokenized stocks. Eventually, investors may be able to move the tokens to personal crypto wallets or even use them on other platforms. Some might even use tokenized shares as collateral in crypto trading strategies.Interestingly, this kind of idea is not entirely new, as Binance launched a similar project in 2021 but shut it down soon after due to regulatory pressure. However, Kraken says it is working with local regulators to avoid those same issues. According to The Wall Street Journal, the company is actively trying to make sure the rollout meets the legal requirements in each country where the service will be available.Growing Tokenization TrendsMeanwhile, Kraken's announcement is just one piece of a much bigger trend. Over the past year, some of the world's biggest financial institutions have been moving into tokenized assets. In March 2024, BlackRock launched a digital liquidity fund on Ethereum that captured 30% of the $1.3 billion tokenized Treasury market in just six weeks. By July, that fund held $486 million in assets. Meanwhile, Citi partnered with SDX to explore tokenizing private equity, and HSBC launched tokenized gold for retail investors in Hong Kong.Other major institutions like Goldman Sachs, JPMorgan, and Nasdaq are also getting involved. JPMorgan's Onyx blockchain supports tokenized Treasuries and interbank payments, while Nasdaq teamed up with Verta to help bring tokenized assets into mainstream financial markets. JPMorgan also completed its first public tokenized Treasury transaction on Ondo earlier this month. Experts now expect that 80% of institutional investors will adopt tokenized assets by 2025.

May 23, 2025 03:40

Strategy Partners Barclays and TD Securities to Raise $2.1B for Additional Bitcoin Purchases

Leading business intelligence company Strategy (formerly MicroStrategy) announces plans to raise an additional $2.1 billion to grow its Bitcoin holdings. In a press release today, Strategy unveiled plans to raise $2.1 billion by selling shares of its 10% Series A Perpetual Strife Preferred Stock (STRF). The Crypto Basic also confirmed the development in an X post today.https://twitter.com/thecryptobasic/status/1925543917212021007Strategy Enters New Sales Agreement Consequently, on May 22, Strategy entered into a sales agreement with Barclays Capital, The Benchmark Company, and TD Securities. These financial institutions will be the sales agents for Strategys STRF offering. According to a prospectus filing, these agents will execute the sale on behalf of Strategy in a disciplined manner over an extended period. This indicates that they will closely watch the stocks price and trading volume and only issue it under favorable conditions. STRF, which trades on the Nasdaq exchange, was worth $100.65 per share as of yesterday, May 21. While the agents are not required to meet any minimum sales goals, the Strategy aims to raise $2.1 billion via the offering. Plans to Buy More Bitcoins 2% of the gross proceeds will be paid to the sales agentsTD Securities, Barclays, and the Benchmark Company. The remaining proceeds will be channeled to general corporate purposes, including acquiring additional Bitcoins and other routine expenses. It has become common for Strategy to fund its Bitcoin purchases using proceeds raised through the sales of its stocks. Through this effort, Strategy has grown its Bitcoin holdings to 576,230 BTC. Strategys Bitcoin holdings represent 2.9% of BTCs circulating supply, which currently stands at 19.86 million coins. Strategy has been buying Bitcoin since August 2020 and is still poised to acquire more through the issuance of its STRF shares. The company has remained resilient in growing its Bitcoin stash despite reporting a Q1 2025 loss of $4.2 billion after adopting a new accounting method. Notably, the STRF offering is part of Strategy's latest fundraising plan, which was recently unveiled. Strategy aims to raise $42 billion to fund more Bitcoin buys by issuing $21 billion worth of fixed income and another $21 billion in common shares. Bitcoin Soars to New ATH Meanwhile, the timing of the latest offering comes hours after Bitcoin registered a new all-time high (ATH). The premier cryptocurrency set an ATH of $111,861 in the early hours of today. Although Bitcoin has retraced slightly to around $110,000, the firstborn crypto is still up 3.68% in the past 24 hours, 8.9% in the past week, and 22.72% in 30 days. At the moment, Bitcoin is changing hands at $110,859, boasting a market cap of $2.2 billion.

Two Stablecoins, MiCA-Compliant EURØP and Braza Groups USDB, Debut on XRP Ledger

Author: Mark Brennan
Source: The Crypto Basic
May 23, 2025 03:40

Two Stablecoins, MiCA-Compliant EURØP and Braza Groups USDB, Debut on XRP Ledger

Two new fiat-backed stablecoins, EURØP and USDB, have launched on the XRP Ledger (XRPL). Their arrival follows the U.S. Senates advancement of the GENIUS Act, a bill focused on stablecoin regulation. Both digital assets aim to provide compliant, cross-border transaction solutions at a time of increasing scrutiny and regulatory clarity. MiCA-Compliant EURØP Introduced by Schuman FinancialNotably, European stablecoin finance firm Schuman Financial has launched EURØP on the XRPL as the first MiCA-compliant euro stablecoin to operate on this blockchain. https://twitter.com/thecryptobasic/status/1925493461702017414The company, regulated by the ACPR under the French Central Bank, confirmed that EURØP is fully backed by euros and redeemable. Additionally, KPMG audits its reserves, which are held at financial institutions such as Societe Generale.The integration positions EURØP as a euro-native settlement asset, supporting enterprise-grade blockchain activity. Over the past decade, the XRP Ledger has processed over 3.3 billion transactions and maintains more than 200 validators. With these capabilities, EURØP can support a wide range of use cases, including decentralized finance applications, tokenized real-world assets, and both B2B and B2C payments. According to Ripples Managing Director for UK & Europe, Cassie Craddock, this move aligns with Europes evolving regulatory environment and increasing institutional adoption.USDB Launches with Support from Braza GroupMeanwhile, Braza Group, a Brazilian financial services company, has introduced USDB, a USD-backed stablecoin that is now live on the XRPL. Pegged 1:1 to the U.S. dollar, USDB is backed by U.S. and Brazilian government bonds. Braza reports that these assets undergo regular audits to ensure transparency and compliance. The company is already known for its operations in the Brazilian interbank market, moving over $1 billion in 24 hours this past April.USDB joins Brazas earlier stablecoin, BBRL, offering a unified infrastructure on XRPL. With both assets live, the company seeks to expand its blockchain-enabled financial services. Brazas CEO, Marcelo Sacomori, stated that the new stablecoin will help mitigate currency volatility and enhance transaction speed for local and international users.According to the firm, USDB facilitates swift, affordable global transfers, making it especially useful for individuals sending funds across borders or looking to safeguard their savings in a stable currency. Beyond remittances, it plays a key role in broadening access to digital finance, helping create a more inclusive and equitable financial ecosystem.

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