Category: Current Affairs

KULR Technology Group Adds 42 Bitcoins amid Impressive YTD Gains

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Public company, KULR Group, has added 42 bitcoins to its reserves while recording impressive 197.5% gains YTD.

 

KULR Technology Group, the public company that provides energy management solutions for aerospace, space, and defense applications, has revealed surprising returns on BTC investment. According to its latest announcement, KULR Group has accumulated 42 more Bitcoins, bringing its total holding to 716.2 BTC. Per the CEO & Co-founder, Michael MO on x (formerly Twitter);

 

KULR has acquired 42 BTC for ~ 4 million at ~ $94,403 per #bitcoin and has achieved BTC Yield of 197.5% YTD. As of 5/6/25, we hodl 716.2 $BTC acquired for ~ $69million at ~ $96,342 per bitcoin. $KULR

 

With over $69 million worth of BTC in its treasury, KULR has recorded a 197.5% year-to-date (YTD) yield, signaling how strategic BTC investments could shape a company’s revenue. Global Companies are accumulating Bitcoin for their reserves in a bid to leverage the growth of digital assets in the coming years.

Investors are impressed by KULR’s investment strategy as Bitcoin’s bullish momentum gains strength. The yield positions the company among the top bold believers of BTC’s long-term growth and its role in the shifting digital economy.

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BlackRock Weekly Bitcoin Accumulation Hits $2.5 Billion

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Blacrock has been accumulating Bitcoin at a high rate, signaling heightened institutional demand and adoption.

 

BlackRock, the world’s largest asset manager, with around $11.58 trillion in assets under management, has caught the market’s attention following its bold Bitcoin strategy. The institution’s rate of BTC acquisition has raised eyebrows as investors anticipate a bullish rally and potential market supply shock driven by demand.

According to on-chain data, Blacrock has acquired BTC worth $2.5 billion in just one week. In the past 7 days, there have been multiple transactions from Coinbase Prime to the IBIT ETF wallet, suggesting aggressive accumulation.

 

Source :X

 

What does this mean for BTC?

As traditional investors seek exposure to Bitcoin through ETFs, institutional acquisition of BTC is projected to rise in the following months.  With Bitcoin exchange supply draining steadily, the market could see a supply shock triggering a BTC rally towards the $100k mark and beyond.

Additionally, this suggests growing mainstream crypto adoption. Bitcoin is joining traditional balance sheets while positioning itself as a hedge against inflation and economic uncertainity.

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Explore Crypto Exchange-Traded Funds (ETFs) and Their Role in Crypto Adoption

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Crypto ETFs are boosting crypto adoption and allowing traditional investors access to and invest in digital assets. So, what are Crypto ETFs?

 

Crypto Exchange-Traded Funds (ETFs) accelerate crypto adoption and market growth as traditional capital flows into digital assets. ETFs allow investors to buy into cryptocurrencies without handling private keys or wallet addresses. They exist in two main types: spot ETFs and futures ETFs.

Spot ETFs track the price of crypto Assets like Bitcoin and Ethereum directly, while futures follow contracts predicting future prices. They are issued by regulated platforms such as Charles Schwab and asset managers such as BlackRock, GrayScale, and VanEck. These firms allow traditional investors to buy Crypto ETFs similarly to Stocks.

How do ETFs Accelerate Crypto Adoption?

Crypto assets involve a lot of complexity in buying, transferring, and storing, besides security risks for new investors. They also require some technical understanding to safely store or trade on crypto exchanges.

Availability of ETFs minimizes the complexity for new investors or crypto enthusiasts with little knowledge about digital assets. They have allowed traditional investors to add crypto assets to their portfolios without deep technical know-how. Holding ETFs boosts investor interest in digital assets and advances crypto adoption as more investors gain exposure to them.

 

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Kucoin BTC Reserves Plunge 77% After Mandatory KYC Announcement

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Kucoin exchange has seen its Bitcoin reserves drop by over 77% following a recent mandatory KYC requirement.

 

Kucoin, the Seychelles-based cryptocurrency exchange, resolved its criminal charges in January 2025, paying $3oo million in fines. This came after admitting to charges of operating an unlicensed money transmitting business while ignoring anti-money laundering protocols on its platform.  The worst crypto hack of the year 2020 left Kucoin bleeding $281 million in losses after a major security breach.

As a result of these challenges, Kucoin is trying to improve its Know Your Customer (KYC) checklist. This will require gathering more information about its exchange users and their operations. On-chain data by Cryptoquant has revealed that the exchange’s reserves have dropped 77.6% following a mandatory KYC policy.

 

Source: X

 

Bitcoin reserves have dropped from 18,300 BTC to 4,100 BTC, a 14,200 BTC outflow.  This is a significant outflow from a major exchange in the crypto market.

The drop in BTC reserves suggests that users have been reacting to strict compliance requirements and could be shifting to cold storage or other platforms. This is because privacy concerns and custodial risks are major considerations for crypto investors and enthusiasts on crypto service platforms.

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Ripple Donates $25M in RLUSD to Boost U.S Education and Financial Literacy

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Ripple has pledged to donate $25 million in $RLUSD to support U.S education and nationwide initiatives focused on financial literacy.

 

Following its recent launch, Ripple’s dollar-pegged stablecoin, RLUSD, is finding its utility in mainstream educational initiatives, moving beyond crypto payments. In the past month, Ripple has portrayed impressive aggression to dominate the stablecoin market and advance crypto utility in everyday life.

According to recent reports, the company has pledged to support education in the U.S through classrooms, educators, and financial literacy initiatives. The donation will come in terms of RLUSD worth $25 million. This move could boost blockchain education, adoption, and bridge digital finance with practical applications.

How does this Impact Ripple and Crypto?

Ripple’s move is a message to the world that blockchain is beyond technology and is about people and financial freedom for all. This will also boost global perspective regarding crypto and blockchain adoption. For Ripple, this comes as a boost to RLUSD adoption boosting circulation.

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Tokenized Assets Surge 10% Hitting $22B in 30 Days

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Tokenized real-world assets (RWAs) have surged 10.07%, hitting $22B, with a 5.5%  increase in holders over the past 30 days.

 

The interaction of traditional finance and blockchain technology is steadily evolving. Over the past 30 days, tokenized real-world assets (RWAs) have seen substantial growth as institutions leverage the power of blockchains in a shift towards the digital economy. According to on-chain data by rwa.xyz, total asset holders have increased by 5,487 (5.5%), reaching nearly 100k. As a result, the market has grown 10.07%, hitting $22.04 billion in just 30 days.

 

Source: rwa.xyz

The tokenized RWAs market has 189 issuers so far, signalling a heightened fusion of crypto and traditional assets. Private credit leads the rally with $12.9 B, followed by tokenized U.S treasuries and equities. The market has $231 B in stablecoins as institutional demand for on-chain assets rises.

The growth in the tokenized RWAs market over just 30 days suggests a spike in Blockchain technology adoption in mainstream finance. Market analysts have predicted that the tokenized RWAs could hit $19 trillion by 2033.

 

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Michael Saylor Expands Bitcoin Holdings with 1.8K Bitcoin Purchase

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Strategy boosts Bitcoin holdings with a $180 million acquisition of 1,895 BTC, reinforcing its long-term bullish stance.

 

Michael Saylor’s company, Strategy (previously MicroStrategy), has added to its digital asset holdings. Regulatory filings show that between April 28 and May 4, Strategy bought 1,895 BTC for about $180.3 million.

This purchase was fully funded by selling common and preferred shares as part of its ongoing capital-raising efforts. The average price paid was $95,167 per coin, which increased Strategy’s total Bitcoin holdings to 555,450 BTC. It spent about $38.08 billion to acquire this Bitcoin, which is now worth over $52 billion at current market prices.

Despite Bitcoin’s price swings and uncertain regulations, Strategy is increasing its holdings. The firm recently finished its 2024 stock offering under the “21/21 Plan,” which aimed to raise $42 billion for buying Bitcoin. Now, it has started a new initiative called the “42/42 Plan,” which seeks another $42 billion, evenly split between debt and equity, by 2027.

As part of this plan, Strategy has launched new financial tools, including STRK and STRF preferred shares. These changes aim to ensure that there are enough funds available for ongoing BTC purchases.

As Bitcoin is close to $96,000, the firm’s recent buying has nearly broken even. This outcome supports their long-term strategy. They have no plans to sell and are focused on accumulating more Bitcoin, regardless of short-term market changes.

 

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FTX to Pay Back $16 Billion in Cash to Creditors in May

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FTX has announced a payment plan to give back $16 billion in Cash to its creditors beginning May 30.

 

The FTX exchange had a multi-billion-dollar market cap, with its native token FTT trading above $80 per coin until its downfall in November 2022. Considering its popularity in global transactions, the token was considered a utility token. The FTX collapse left exchange creditors with huge losses, opening recovery investigations in the United States.

However, in a recent anticipated payment plan, FTX’s bankruptcy team has confirmed repayments scheduled to begin on May 30, 2025.  According to the plan, creditors could expect a recovery between 123% and 140% of their original claims. The payments are to be offered in cash instead of crypto, giving them a bonus and cash liquidity.

 

Source: X

 

The $16 billion payout comes from the recovered assets and  funds. Administrative claims, U.S and Dotcom users can expect full refunds. Some institutions could see higher returns. Following such a dark moment in the crypto market, crypto regulation is continuously improving to make the space safe for investors globally.

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Arizona Governor Katie Hobbs Vetoes Strategic Bitcoin Reserve Legislation

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Arizona Governor Katie Hobbs has vetoed the anticipated Bitcoin reserve legislation, halting the state’s plans for crypto investment.

 

Arizona is the first U.S. state to pass a strategic Bitcoin reserve legislation. Following the Senate’s approval of investing state retirement funds in Bitcoin reserves on 28th of April, 2025, the bill has been awaiting the governor’s sign. In a turn of events, Arizona Governor Katie Hobbs has put a roadblock on the bill, citing that Bitcoin is a “virtual currency”.

 

According to the official letter, Katie Hobbs responded;

Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currency

 

Following this veto, crypto enthusiasts and Bitcoin maximalists have expressed mixed feelings. Some crypto analysts are surprisingly trying to estimate the projected losses that await Arizona state in the coming years, if Bitcoin reserves face complete rejection.

As legislators remain resilient in their decisions, the market anticipates positive approaches in the coming months while monitoring committee stages in other states.

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Ripple Moves 1B XRP from Escrow amid Circle Buyout Speculation

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Ripple has unlocked 1 billion XRP from its escrow, raising eyebrows about its market moves. Is Circle acquisition on the cards?

 

On May 3, blockchain data showed that Ripple completed three separate transactions: 200 million, 300 million, and 500 million XRP sent to two wallets linked to the company. This action follows a new trend: Ripple locks 700 million XRP before starting its usual monthly release, which differs from its previous practice of locking tokens after the release.

The timing of this large-scale XRP movement is drawing market attention amid rumors that Ripple is actively attempting to acquire Circle, the company behind the USDC stablecoin. This move comes following a growing demand for stablecoins in the market.

Reports say that an initial $5 billion offer was rejected, and Ripple has reportedly raised its offer to $20 billion. Although neither company has confirmed these discussions, sources suggest that this move fits Ripple’s recent shift from plans for an IPO to expanding aggressively through acquisitions.

The market’s reaction to the news has been quiet, with XRP trading between $1.96 and $2.50. The $2.25 mark is acting as a key resistance level. Analysts say momentum indicators hint at a possible short-term dip, but the long-term outlook is still cautiously optimistic. 

 

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