Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry

Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level. This move back to $57,500 relieved bulls from the negative pressure of the May 7, 3,500 BTC options contract, which represents $200 million in open interest along with a $1.

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Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins

Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volumes that lift the total market capitalization to new highs.

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Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange

Mexican cryptocurrency exchange Bitso has concluded a $250 million Series C capital raise, putting it in the upper echelons of Latin America’s fintech industry. 
The latest investment round gives Bitso a total value of $2.

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Galaxy Digital to acquire crypto custodian and services provider BitGo

Galaxy Digital, a crypto and blockchain-focused financial services and investment manager founded by Mike Novogratz, is set to acquire institutional crypto custodian service and wallet operator BitGo.
According to an announcement on May 5, Galaxy Digital Holdings will pay $1.

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Swedish crypto broker’s IPO oversubscribed by 1,200%

Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market.
The company said Wednesday that its planned IPO was oversubscribed by 502 million Swedish krona ($59.

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Four crypto veterans pledge to give at least 1% of their wealth to charity each year

Four crypto and blockchain veterans have joined Founders Circle, an industry group supporting The Giving Block’s new crypto-focused charity drive. 
The “Crypto Giving Pledge” encourages cryptocurrency investors and businesses to donate at least 1% of their holdings to charities each year.

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