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Spanish bank Cecabank partners with crypto exchange to offer trading, custody services to banks
Crypto Trends

Spanish bank Cecabank partners with crypto exchange to offer trading, custody services to banks

by admin May 26, 2025



Spanish bank Cecabank and crypto exchange Bit2Me to offer a crypto service for banks, pending approval from the Spanish securities regulator.

Spanish lender Cecabank and cryptocurrency exchange Bit2Me have teamed up to launch a MiCA-ready crypto platform for traditional financial institutions, technically ready but still awaiting a green light from Spain’s securities regulator.

In a Monday press release, the exchange said the platform includes crypto custody and RTO (reception and transmission of orders) services. While Bit2Me manages trading, market data, and custody for over 100 cryptocurrencies, Cecabank will provide regulatory support and banking infrastructure, the press release reads.

“With this alliance, Cecabank strengthens its roadmap as a reference provider of post-trade services in the digital asset space, reflecting our established role in FIAT custody.”

Aurora Cuadros, corporate director of securities services at Cecabank

The platform is meant to give European financial institutions a quicker, compliant way to enter the crypto market, with tools that can be adapted to each bank’s needs under MiCA rules, the companies say.

Cecabank isn’t alone in Spain’s banking sector exploring crypto as BBVA, the country’s second-largest bank by assets, plans to launch a new crypto trading service allowing customers to buy and manage Bitcoin and Ethereum. BBVA customers will be able to handle crypto transactions alongside their regular banking, with custody managed on the bank’s own platform, avoiding third-party providers.



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May 26, 2025 0 comments
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Shaurya Malwa
NFT Gaming

HYPE Token Price Surges as Hyperliquid Engages With CFTC on 24/7 Crypto Trading

by admin May 24, 2025



Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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May 24, 2025 0 comments
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Pirates GM Ben Cherington says trading ace Paul Skenes is 'not at all part of the conversation'
Esports

Pirates GM Ben Cherington says trading ace Paul Skenes is ‘not at all part of the conversation’

by admin May 23, 2025



May 22, 2025, 07:28 PM ET

PITTSBURGH — The Pirates are reeling, and just about everything is on the table for a last-place team that has already fired its manager and packed a half-decade’s worth of public relations missteps into two months.

Well, except for one thing: trading ace Paul Skenes.

Asked Thursday if flipping the reigning National League Rookie of the Year is a consideration for a club woefully lacking in impactful position-player prospects, general manager Ben Cherington gave an atypically brief response.

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“No, it’s not part of the conversation at all,” Cherington said flatly.

Pittsburgh is already 11½ games out of a playoff position, thanks in large part to an offense that ranks last or next-to-last in nearly every major category, from runs, slugging percentage and OPS (all 30th) to home runs and batting average (both 29th).

The Pirates at least showed a small flicker of life at the plate in an 8-5 loss to the Milwaukee Brewers a few hours after Cherington spoke, scoring five runs for the first time in 27 games. Their 26-game streak of four runs or fewer tied a major league record set by four other teams, most recently the then-California Angels in 1969.

Yet it was telling that Pittsburgh also left 10 runners on base, typical of a season in which the Pirates have consistently been unable to take advantage of the few opportunities they create.

It’s not exactly what the team had in mind during spring training, when everyone from Cherington to Skenes to manager Derek Shelton — who was jettisoned two weeks ago and replaced by Don Kelly — talked about the need for Pittsburgh to take another step forward after consecutive 76-86 seasons.

Instead, the Pirates have been stuck in reverse from Opening Day, even when Skenes starts. Pittsburgh is 3-5 in his eight starts, the latest loss a 1-0 setback in Philadelphia on Sunday in which Skenes limited the Phillies to three hits while throwing the first complete game of his career.

Skenes, who turns 23 next week, has been all-in on the Pirates since being called up a year ago. He is also under team control for the rest of the decade and won’t become arbitration-eligible until after 2026, making his current deal one of the biggest bargains in the majors.

Though Pittsburgh has locked down players such as two-time All-Star outfielder Bryan Reynolds and third baseman Ke’Bryan Hayes to long-term deals, those contracts are a pittance by MLB standards compared to what Skenes might command one day should his career continue on its current trajectory.

The Pirates are perennially one of the most frugal teams in the majors. Their payroll to start the season was just under $88 million. Only the Chicago White Sox, Tampa Bay Rays, Athletics and Miami Marlins spent less.

Even so, Pittsburgh has received little return on its investment. Though the bullpen has been a bit of a mess, the starting rotation has been solid. Skenes (2.44), Mitch Keller (3.88), Andrew Heaney (2.91) and Bailey Falter (3.50) all have ERAs under 4.00, yet they also have a combined record of 10-17.

The issue has been a punchless lineup that is largely nondescript beyond Reynolds, franchise icon Andrew McCutchen and center fielder Oneil Cruz.

Yet it’s telling that while Pittsburgh has one of the deeper pools of pitching prospects — a list that includes hard-throwing 22-year-old Bubba Chandler and Mike Burrows, who took the loss in his first major league start Thursday after going 2-1 with a 2.71 ERA for Triple-A Indianapolis — the cupboard of homegrown position players who are on the cusp of the majors remains pretty bare five-plus years into Cherington’s tenure.

Catcher Henry Davis, the top pick in the 2021 draft, remains a work in progress nearly two full years after his major league debut. Second baseman Nick Gonzales, a first-rounder in 2020, is recovering from an ankle injury and has yet to establish himself as an everyday player. Former first-round picks Termarr Johnson (2022) and Konnor Griffin (2024) are still years away.

So far, the only call-ups from Triple-A have been mostly injury-related, not performance-related.

“We want guys from Triple-A to pound the door down,” Cherington said. “That would be good. I still think that can happen this year. We want more of it over time. … Everybody knows we’ve got to score more runs. That’s not going to happen just by saying it and hoping for it. You’ve got to do the work to do it.”

Cherington said he remains optimistic that the major league team will start to turn the corner over the final 110 or so games, and he is certain Skenes will be a part of it no matter which way it goes.

“We’ve just got to get better,” Cherington said. “Let’s play better baseball, and that’s going to lead to winning more games. Then, let’s wake up and see where that takes us when we get to July.”



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May 23, 2025 0 comments
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Hyperliquid responds to CFTC on perpetuals and 24/7 Trading
GameFi Guides

Hyperliquid responds to CFTC on perpetuals and 24/7 Trading

by admin May 23, 2025



Decentralized finance protocol Hyperliquid submitted formal responses to the U.S. Commodity Futures Trading Commission’s recent requests for comment on perpetual futures and 24/7 trading.

In a May 22 Medium post, the Hyper Foundation said it submitted two letters to CFTC to help shape emerging U.S. regulatory frameworks. The team described how Hyperliquid’s (HYPE) onchain system already manages trading 24/7 while upholding strong risk controls, user security, and openness.

According to Hyperliquid, its platform lowers risk by utilizing pre-funded collateral and automatic liquidations. The system is more open and resilient than traditional markets because trading occurs continuously and all trades, margin adjustments, and liquidations are visible to the public onchain.

Hyperliquid noted in its remarks on perpetual derivatives that these crypto-native products are already in use and provide advantages like improved liquidity, no rollover requirements, and simpler smart contract integration. Rather than trying to force new products into outdated categories, the team urged the CFTC to adopt a flexible regulatory approach that prioritizes risk and user safety.

The CFTC’s request for comment, which closed on May 21, was aimed at understanding how these fast-growing crypto markets work and whether new rules are needed. No new regulations have been announced yet, but the agency may take action in the future. 

With almost 70% in monthly trading volume share among decentralized perpetuals platforms, Hyperliquid has emerged as a market leader. In May, the platform also reached all-time highs for USD Coin (USDC) total value locked at $3.2 billion, fees at $5.4 million, and open interest at $8.9 billion. HYPE is up 85% in the past 30 days, and has risen almost 500% from its April lows.

The team said it hopes to continue working with regulators and sees Hyperliquid as a working example of how DeFi can improve modern markets.



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May 23, 2025 0 comments
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NFT Gaming

Bitcoin Trading Volume Soars as Price Pumps to New Heights

by admin May 23, 2025



In brief

  • Bitcoin futures trading volume on Wednesday jumped to over $203 billion, third-most so far in 2025.
  • Spot trading volume also soared this week as Bitcoin’s price spiked.
  • The leading virtual coin reached an all-time high near $112,000 on Thursday.

Bitcoin trading volume for spot and futures exchanges has soared the past two days as the underlying asset pumped to new heights.

Spot trading volume for the world’s largest crypto by market value hit the highest two-day total in nearly two months, $150 billion, according to crypto markets data provider CoinMarketCap. Meanwhile, BTC futures trading volume on Wednesday jumped to over $203 billion, the third-highest daily total of 2025, according to CoinGlass.

Those figures come as BTC’s price climbed to all-time highs just shy of $112,000. Bitcoin was recent trading at about $111,100, up 2% over the past 24 hours and nearly 8% for the past week. The surge has come as investors buoyed by encouraging macroeconomic signs, but also confident in Bitcoin’s status as a potential hedge against the potential depreciation of the U.S. dollar, purchase the asset.

The CoinGlass data does not include inflows into American spot Bitcoin ETFs, which have taken in over $1.6 billion in inflows from investors so far this week, according to Farside Investors data.

Only 10 other days this year have eclipsed more than $75 billion in single-day spot Bitcoin volume this year. CoinGlass shows that the only days that Bitcoin futures volume has been higher so far this year was on April 7 and January 20, when volumes stood at $229.7 billion and $222.9 billion, respectively.



The crypto market has rebounded as Trump has ratcheted back his global trade war, and the most recent inflation readings have been favorable.

Bitcoin’s record-breaking surge also comes as demand for Bitcoin ETFs increases and as publicly traded firms, including Strategy and Metaplanet, have continued their recent Bitcoin buying sprees. Strategy, formerly MicroStrategy now holds about 576,000 Bitcoin in its treasury, worth more than $64.5 billion at the current price.

Major altcoins have also risen over the same period with Ethereum, the second-largest digital asset by market value, up 56% over the past 30 days. ETH was recently changing hands at over $2,600, a 5.6% gain over the past 24 hours.

Bitcoin has often traded with stocks in its brief history, and more recently in line with safe-haven asset gold as markets look to account for macroeconomic uncertainties.

Edited by James Rubin

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



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May 23, 2025 0 comments
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Tom Carreras
Crypto Trends

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

by admin May 22, 2025



As spot bitcoin

exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more and more people are able to gain exposure to digital assets through their individual retirement accounts (IRAs).

IRAs offer tax advantages and a range of investment options, including stocks, real estate, commodities and, increasingly, cryptocurrencies. But when it comes to crypto, there’s usually only one investment strategy available: to buy and hold.

It’s a strategy that might work well for assets like the S&P 500, which have long track records of steadily appreciating over longer time frames, but bitcoin is still an extremely volatile asset and other coins even more so.

The idea behind BlockTrust IRA, then, is simple: to manage the crypto positions of its customers in order to take advantage of that volatility and maximize their returns.

“We’re the only company that has an AI tool meshed with traders that put people automatically in cash [when need be]. Then we wait for the right signals, and we buy back in,” Jonathan Rose, the firm’s CEO, told CoinDesk in an interview.

“Where people are scared of volatility and scared of risk, we actually want the volatility and the risk associated with that, because that’s how we actually make our clients money,” Rose said. “We are right a lot more than we are wrong, and that’s how we’re able to beat the benchmark.”

BlockTrust’s secret sauce? Animus Technologies, a fund that provides intelligent asset management solutions for crypto. Animus has servers around the world and quantifies humongous amounts of data — to the point that a European government body has reached out to inquire what exactly they’re quantifying data for, according to Rose.

Animus typically only shares its signals with high net-worth individuals and fund clients, Rose said. In other words, crypto retail participants may now benefit, through their BlockTrust accounts, from the kind of trading mechanisms that previously were only available to quant funds.

The sophisticated strategies are currently only available for bitcoin

and ether , but BlockTrust offers exposure to 60 different cryptocurrencies, Rose said. Users of the platform can invest as little as $1,000 for non-managed accounts, or $25,000 if they want a managed account — and trading fees can go as low as 0.4% for the former and 0.14% for the latter.

BlockTrust IRA went live officially in February. In March, the firm had accrued $10 million in assets, and Rose expects it to bring in roughly $100 million before the end of the year.

The company’s early success may also be due to the fact that it’s not just open to U.S. residents, but to people all around the world, as long as they can pass its Know-Your-Customer (KYC) checks. Americans do have the added advantage of being able to use their tax-deferred retirement savings to gain exposure.

Crypto markets are ever changing, and trading strategies that function perfectly for a long time may suddenly become outdated due to shifts in the economic environment or crypto-intrinsic changes — potentially threatening to render Animus’ approach obsolete someday. But Rose isn’t concerned.

“When [the people at] Animus Technologies go to these hedge fund conferences and speak, they always come back with a big grin on their faces, because they’re like, ‘We are so light-years ahead of anyone remotely doing what we’re doing,’” Rose said. “It’s going to take like four to six years for people to even kind of catch up to us.”



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May 22, 2025 0 comments
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Crypto Trends

Kraken to Offer Tokenized Stock Trading on Solana to Overseas Customers

by admin May 22, 2025



In brief

  • Kraken will offer so-called xStocks to overseas customers on Solana.
  • The initiative is being facilitated through a partnership with tokenization firm Backed.
  • The product is aimed at offering investors better access to U.S.-listed stocks globally.

Kraken will soon offer overseas customers the ability to trade U.S.-listed stocks through the crypto exchange’s platform, the company said in a press release on Thursday.

The offering, which covers more than 50 U.S.-listed stocks and exchange-traded funds, will be facilitated through a partnership with Backed, a firm specializing in tokenized securities, using the Solana blockchain to offer so-called xStocks, the company said.

Tokenization refers to the process of taking real-world assets, whether stocks or bonds, and representing them on-chain using digital assets. Kraken said that stocks will be represented on Solana using SPL tokens, a token standard mirroring ERC-20 tokens on Ethereum. xStocks, which will be issued on a public blockchain, are expected to trade around the clock.



According to Kraken, the exchange and Backed chose Solana as the first chain for xStocks because of its “unmatched performance, low latency and thriving global ecosystem.” However, the company said it will explore tokenized securities on other networks as well.

“We’re reimagining equities investing and ushering in a new wave of demand from clients seeking better alternatives to the status quo,” Mark Greenberg, Kraken’s global head of consumer, said. “Access to traditional U.S. equities remains slow, costly, and restricted.”

In April, Kraken began offering U.S.-listed stocks and ETFs to U.S.-based customers. The company says it is eyeing similar expansion in the UK, Europe, and Australia. The push comes as the exchange reportedly prepares for an initial public offering this year.

Among traditional financial institutions, tokenization has several backers. In 2022, BlackRock CEO Larry Fink hailed the concept as the future of markets, saying that blockchain-based plumbing could yield near-instantaneous settlement and reduced fees.

In the U.S., firms like Securitize have emerged as leaders in the tokenization space. The company manages BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) fund, which has a market capitalization of around $2.8 billion, according to analytics firm rwa.xyz.

Collapsed crypto exchange FTX waded into the tokenization space in 2020, when it began offering tokenized stocks for marijuana firms. Binance had dabbled in tokenized securities as well, including offering a version of Coinbase’s stock, at one point.

Tokenized stocks have a relatively nascent footprint compared to stablecoins or products like BUIDL. According to rwa.xyz, around $373 million worth of tokenized requites exist on-chain, namely Exodus Movement’s stock, which is issued by Securitize on the Algorand blockchain.

Edited by James Rubin

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



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May 22, 2025 0 comments
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Crypto Trends

UNDER EXPOSED EP 26 – Moody’s and Macro, ETH Fakeout and Trading Roundtable

by admin May 21, 2025



UNDER EXPOSED EP 26 – Moody’s and Macro, ETH Fakeout and Trading Roundtable

UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X.

LIVE AUDIO SPACE – https://x.com/i/spaces/1ZkKzYOEazLxv

Links:
https://www.rug.fm/
https://x.com/rugradio
https://linktr.ee/rugradio

Hosts:
Tweets by DeeZe
Tweets by CSURAM88
https://twitter.com/artgeebz
Tweets by Tyler_Did_It

Myriad:
https://myriad.markets
https://x.com/MyriadMarkets
https://www.instagram.com/myriadmarkets

#bitcoin #crypto #podcast





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May 21, 2025 0 comments
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NFT Gaming

ETH leads Majors, SOL ETFs Delayed, Bybit allows Stock Trading

by admin May 20, 2025



ETH leads Majors, SOL ETFs Delayed, Bybit allows Stock Trading

ETH leads Majors, SOL ETFs Delayed, Bybit allows Stock Trading
FOMO HOUR EP361

BTC pulls back from 106k, ETH leads majors. BTC becomes 6th most valuable asset in the world. BTC ETF inflows surge as basis trade nears 9%. SEC delays SOL ETFs, cites various issues. AAVE leads altcoins as TVL breaks $30bn. Bybit allows users to trade top stocks with USDT. GENIUS Act moves to full vote in senate. Strategy buys $765m more BTC. Lawsuit alleging deception filed against Strategy. DigiAsia to raise $100m to buy BTC. JPM will not hold BTC in custody: Dimon. Cramer recommends BTC as a hedge for US debt. DoJ investigating Coinbase on data theft. Circle shopping itself to Coinbase and Ripple pre-IPO. SOL made up 50%+ of all L1 revenue in past week. Alpenglow to bring 100x latency improvement to SOL. Dorsey wants BTC to be valued in Satoshis. Revolut to invest EUR 1b in France. Binance seeks to dismiss $1.7bn FTX lawsuit.

FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

JOIN YEET = https://yeet.com/register?aff=fomohour
PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL
PODCAST = https://x.com/i/spaces/1kvKpydgqMQGE
LIVE SPACE = https://x.com/i/spaces/1BRJjmyEqQQGw

Links:
https://linktr.ee/fomohour
Tweets by fomohour
https://www.rug.fm/
https://x.com/rugradio

Hosts:
Tweets by farokh
Tweets by rektmando
Tweets by Tyler_Did_It

Myriad:
https://myriad.markets
https://x.com/MyriadMarkets

#bitcoin #crypto #podcast





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May 20, 2025 0 comments
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Shaurya Malwa
NFT Gaming

XRP Futures Rack Up $1.5M Trading Volumes on CME Debut

by admin May 20, 2025



XRP futures contracts began trading on CME Group’s derivatives platform on May 19, recording at least $1.5 million in trading volume during the first session, a modest but notable debut for the major token.

CME data shows 4 standard contracts (each representing 50,000 XRP) traded on day one, totaling around $480,000 in notional volume at an average price of $2.40. The majority of activity came from 106 micro contracts (2,500 XRP each), accounting for over $1 million in additional volume.
The contracts are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, which is published daily at 4:00 P.M. London time. CME’s dual contract structure is designed to attract both institutional players and smaller participants, offering flexibility for various hedging and trading strategies.

“The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP,” Ripple CEO Brad Garlinghouse posted on X on Monday. He added that Hidden Road executed the first block trade.

The listing follows the CFTC’s classification of XRP as a commodity, a regulatory green light that cleared the path for CME to offer these products.

Analysts say the debut could also strengthen the case for a spot XRP ETF, with ETF Store president Nate Geraci saying such a product is “only a matter of time.”

While early volumes may appear modest, XRP’s inclusion on CME widens market dynamics for the major token in terms of price discovery, similar to how price-action on BTC and ETH futures is impacted when the U.S. market opens.



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May 20, 2025 0 comments
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