Bitcoin is close to its all-time high, and long-term holders have begun to re-accumulate Bitcoin for the first time since December 2023. Market indicators show that buyer demand has rebounded, and Bitcoin prices have been relatively mild in the past three months.
The New York State Department of Financial Services has granted PayPal Digital a limited purpose trust license, which may mean that PayPal plans to take over the custody of its customers' crypto assets and internalize stablecoin issuance.
AI-driven DeFi platform Aperture Finance has completed its Series A financing, with a total financing amount of US$12 million and a valuation of US$250 million. The new funds will be used to develop the Intents infrastructure and expand the solver network. It is planned to launch the $APTR token on Bybit on May 31.
After the halving, the inflation rate of Bitcoin has dropped to 75% lower than the US inflation rate and 72% lower than the annual issuance of gold, making it an asset with a lower inflation rate than gold.
BlackRock's iShares Bitcoin Trust surpassed Grayscale to become the world's largest Bitcoin fund, with total assets of nearly $20 billion, while Grayscale's fund has seen capital outflows due to high fees and arbitrageurs' withdrawal.
Upbit's Korean Won Market will add Bounce Token (AUCTION) assets at 17:50 on May 29, and is expected to support trading at that time.
Riot Platforms (RIOT), an ambitious Bitcoin mining company that aims to become the world's largest listed mining company through mergers and acquisitions, is currently debt-free and has more than $1.3 billion in cash and Bitcoin. It is trying to acquire competitor Bitfarms to cope with the trend of Bitcoin mining industry consolidation towards large enterprises.
