New York Mellon Bank to Expand Crypto Custody Business to Abu Dhabi, Initially Supporting BTC and ETH
On May 7, BNY announced it will expand its cryptocurrency custody business to the global market in Abu Dhabi, UAE, through partnerships with Finstreet and the ADI Foundation, offering custody services for institutional clients. Initially, the service will support Bitcoin (BTC) and Ethereum (ETH) custody. The three parties will also explore extending the service to the ADI Foundation’s underlying blockchain infrastructure, with plans to gradually expand to stablecoins, real-world asset tokenization, and other regulated digital assets.
8 minutes ago
Binance US Lists Low-cap Meme Coin, Suspected Rug Pull Schemes Abound
On May 7, crypto analyst @SpecterAnalyst noted that Binance US unexpectedly listed low-cap meme coin USDUC yesterday—with alleged insiders netting over $417,000 in profits.
On-chain data shows several wallets received funds from Kraken, MEXC, and Coinbase hours before the listing announcement. These wallets bought USDUC at low prices in the early morning, then cashed out for massive gains ranging from $45,000 to $137,000 as the listing lifted the token’s value.
Per GMGN market data (link: https://gmgn.ai/sol/token/i_m4TE56o8_CB9dDufT3ZuQXqqSfa1c5kY935TEreyBw9XJXxHKpump), USDUC currently has a $16.94 million market cap and $24.1 million in 24-hour trading volume.
8 minutes ago
HashKey Exchange is launching a Limited-Time RLUSD Deposit Bonus and Fee Discount Promotion
On May 7, HashKey Exchange — a licensed virtual asset trading platform under Hong Kong-listed HashKey Holdings Limited — rolled out limited-time promotions for Ripple USD (RLUSD), months after the stablecoin’s official February 13 launch.
### Key Details:
1. **Only Eligible Professional Investors Qualify**
The promotions are restricted to verified professional investors, per the official announcement.
2. **Event 1: RLUSD Deposit Bonus Plan**
From now through May 22, 2026, users who deposit at least the required RLUSD amount and maintain the corresponding balance level by June 23 will earn a bonus. Bonuses are awarded on a first-come, first-served basis, with a maximum of 25,000 RLUSD available.
3. **Event 2: RLUSD Withdrawal Fee Discount**
Through May 30, RLUSD withdrawals via the Ethereum (ERC-20) network are **fee-free** (no transaction costs).
For full terms — including eligibility criteria, bonus tiers, balance maintenance rules, and discount scope — visit Ha
8 minutes ago
Bybit US Stock Perpetual Contracts have added MU, EWY, and EWJ, and are offering a limited-time trading fee discount.
On May 7, Bybit announced via official sources that it has added three new assets to its USDT perpetual futures contracts for stock trading: Micron Technology (MU), iShares MSCI South Korea ETF (EWY), and iShares MSCI Japan ETF (EWJ).
These new listings support both long and short positions with USDT collateral, and offer 24/7 trading availability.
Additionally, the platform has launched a limited-time fee discount promotion. From now through May 31, 2026, at 10:00 UTC, Maker fees for the new contracts are reduced to 0%, while Taker fees are discounted by 50%—as low as 0.015%.
8 minutes ago
South Korea's Ministry of Economy and Finance: Cryptocurrency Taxation to Begin in January Next Year as Planned, Legislative Notice to be Released Soon
South Korea is set to implement cryptocurrency taxation in January next year, the government announced on May 7. The National Tax Service (NTS) is currently drafting related guidelines, which are expected to be released soon and proceed to legislative public notice.
Jang Hwa-ha, head of the Income Tax Division at South Korea’s Ministry of Economy and Finance, stated that the NTS has held multiple operational consultations with five major crypto exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax.
Per current income tax regulations, starting Jan. 1 next year, income from crypto transfers or loans will be categorized as “other income.” A combined tax rate of 22% (20% income tax plus 2% local income tax) will apply to earnings exceeding 2.5 million South Korean won. The policy is projected to affect roughly 13.26 million investors.
8 minutes ago
Analysis: Bitcoin Still Faces Three Layers of Overhead Resistance, Recent Capitulation at $88,880
On May 7, CryptoQuant data shows Bitcoin is currently holding above $80,000, but three groups of long-term holders with positions above current levels are creating key resistance.
- 3-6 month realized price: $88,880 (first sell wall)
- 12-18 month realized price: $93,450 (second barrier)
- 6-12 month realized price: $111,850 (heaviest chip concentration, 29% above current levels)
Analysis notes Bitcoin will confirm a bottom only if it breaks above $88,880 and holds that level. This would put the most recent group of long-term holders back in profit and remove the first layer of selling pressure.
8 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
