MGUSD, issued by Stripe’s Bridge, will power services across MoneyGram’s global network as stablecoins gain traction in cross-border payments.
News from Web3, Bitcoin and crypto crurrency launches and market updates
U.S. spot bitcoin funds bled cash for 11 straight sessions through Monday, the longest redemption streak since their 2024 launch, as risk dollars rotated toward an AI-led equities rally.
XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure.
The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange’s hot wallet.
BTC fell 3.4% in 24 hours to below $71,000, the lowest level in weeks, as Monday’s 8-K filing disclosing Strategy’s first publicized bitcoin sale continued to weigh.
A $79 million market hinges not on whether Michael Saylor’s firm sold bitcoin, but on whether a sale disclosed June 1 can count toward a deadline that passed May 31.
Your look at what’s coming in the week starting June 1.
Stablecoins alone will generate a demand for up to $1 trillion worth of onchain U.S. Treasury bills and $2.6 trillion for tokenized stocks, said Citi.
0xflorent, a security researcher, found an integer-overflow flaw in the HongCoin token sale contract that lets the team unlock funds for 48 original investors. It is the second such recovery he has publicized in eight days.
XRP hit a 15-week low before stabilizing, with traders watching whether the latest washout turns into a base or another leg lower.
The Sui Foundation’s post-mortem published Sunday traces all three outages to interactions between a new address-balance feature shipped in the v1.72 release and the network’s existing gas and consensus logic.
U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil’s bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade.