Astar (ASTR) price changed hands around $0.03, risking downside continuation. Partnership with Animoca Brands could help ASTR’s price bounce. Market outlook is nonetheless bearish. Astar (ASTR) price traded around $0.03, slightly in the green on the day, as bulls struggled to keep bears off. This comes as the Astar Network token has seen its native token plummet more than 10% in the past week, with technical charts signalling a potential downside continuation. But with a major partnership and investment from a leading blockchain gaming firm in the bag, can ASTR’s price bounce? Astar Network gets Animoca Brands’ backing On May…
Author: cryphedge
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has… Share Last updated: May 20, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from…
A crypto whale, James Wynn, has taken a bold stance on Bitcoin by opening a $830 million long position on Hyperliquid, the decentralized derivatives exchange.On May 21, on-chain analyst EmberCN revealed that Wynn initiated a 40x leveraged long position totaling 7,764 BTC (valued at approximately $830 million) at an entry price of $105,033. His liquidation level is reportedly set just below $100,330.This is one of the largest long positions ever recorded on the decentralized trading platform.EmberCN noted that Wynn partially reduced his total exposure to approximately $430 million within 90 minutes of entering the trade. This suggests the crypto whale…
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has… Share Last updated: May 20, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from…
Potential projects are thriving as the crypto market has rebounded recently amid easing tariff war tensions, bringing calm to the financial markets. Major economies and institutions continuously increase their exposure to digital assets, as these are the future of the financial world. In a significant move, JP Morgan CEO Jamie Dimon announced that the bank will now allow clients to buy Bitcoin. This big step by a financial giant like JPMorgan, alongside other biggies like Morgan Stanley, which is already discussing plans to launch Bitcoin ETFs for eligible clients, shows that digital assets will be taking center stage in the next…
As South Korea prepares to lift its ban on institutional cryptocurrency investments, the government is introducing stricter anti-money laundering (AML) and Know Your Customer (KYC) requirements for crypto exchanges and banks working with institutional clients. South Korea Gears up For Stricter Crypto Rules Starting in June, registered cryptocurrency exchanges and certain non-profit organizations will be allowed to sell digital assets they already hold. Non-profits can liquidate donated crypto, while exchanges can sell portions of crypto earned from transaction fees. The country’s Financial Services Commission (FSC) announced that new institutional clients must undergo enhanced verification procedures. Exchanges and their partner banks…
The U.S. Securities and Exchange Commission (SEC) accused cryptocurrency startup Unicoin and its top executives of orchestrating a massive fraud scheme.The SEC alleges that they raised more than $100 million from thousands of investors using false promises about asset-backed tokens and inflated fundraising numbers.A crypto dream built on illusions?The SEC’s 77-page complaint, filed May 20 in the Southern District of New York, centers on a scheme allegedly masterminded by CEO Alex Konanykhin and senior executives Silvina Moschini and Alex Dominguez.The SEC claims Unicoin misled over 5,000 investors by marketing “rights certificates” as safe, asset-backed investments, promising that the underlying tokens were secured…
Bitcoin (BTC) price is approaching its ATH after pushing past the key $107k resistance level over the past 24-hours. The leading crypto is now trading less than 2% below its record level of $109,114, set on January 20, 2025. That milestone was reached during President Trump’s inauguration, marking a significant peak in market optimism. Early this April, the BTC price fell to $74,000 because of global concerns over Trump’s tariff plan for certain trade partners. At the same time, the administration started to ease its hardline approach and hinted at possible agreements, so prices have now risen steadily. This has…
Solana stakers have reason to celebrate following a landmark collaboration between staking provider P2P.org, lending protocol Kamino Finance, and DeFi research firm Re7 Labs. With the trio joining forces to launch an incentivized liquidity vault for rstSOL-bbSOL, 3,000 JTO tokens will be initially distributed to liquidity providers (LPs) and an additional 3,600 JTO ring-fenced for lending markets. Restaked SOL (rstSOL) can exclusively be minted via Bybit Staked SOL (bbSOL) using Jito. A Virtuous Cycle of Participation While Solana restakers can earn extra network rewards from Jito’s TipRouter system, holders of bbSOL will be able to leverage Jito’s restaking infrastructure to…
Author Sujha Sundararajan Author Sujha Sundararajan About Author Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism. Share Last updated: May 20, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in…
