Binance said it will convert about $1 billion in SAFU stablecoin holdings into Bitcoin over 30 days. The first round is complete, with roughly $100 million used to buy 1,315 BTC.
Bitcoin Layer 2 project Citrea will launch CTR on Binance Alpha and Gate.io on May 26. The token has a fixed 10 billion supply, with only 12% counted as circulating at launch.
Hong Kong stablecoin HKDAP completed Ethereum mainnet transfers successfully, issued by a Standard Chartered-HKT-Animoca Brands joint venture. Regulated by HKMA, phased issuance starts Q2 2026, targeting cross-border payments.
The Cardano Foundation's funding request for the 2026 Summit failed to secure the required supermajority, leading to the event's cancellation. It marked the largest test of the Voltaire governance system, while a smaller EMURGO proposal for TOKEN2049 passed.
Tether has filed a lawsuit in São Paulo to recover a $300M loan made to Titan Holding, part of the Master group. The loan defaulted after the group's collapse. Tether seeks asset freeze and clarifies USDT reserves are unaffected.
Franklin Templeton acquires crypto investment firm 250 Digital and launches Franklin Crypto unit for institutions. Part of the deal uses its blockchain-based BENJI token, marking a rare on-chain element in M&A. The move targets rising institutional demand for digital assets.
Arkham data shows the UAE, through royal-linked Citadel Mining, has mined about 6,790 BTC worth roughly $460 million. CZ later reposted the report, saying he may have done “a little advocacy.”
The Islamic world debates whether cryptocurrencies like Bitcoin comply with Sharia law. Three main scholarly stances emerge: total prohibition, conditional permission, and recognition as digital assets. Key objections include speculation, lack of regulation, and extreme volatility.
