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The Federal Reserve is considering implementing restricted "Narrow" payment accounts for fintech and crypto firms

52 minutes ago

On Wednesday, May 21, the U.S. Federal Reserve (Fed) issued a notice of proposed rulemaking and a public comment request, proposing to establish restrictive "skinny master accounts" for fintech and crypto-linked banks that meet specific legal criteria. The proposal aims to provide limited payment path access to non-bank financial institutions, though these accounts will not carry the same safeguards as traditional bank accounts. Their functionality will be limited to clearing and settling transactions; they cannot accrue interest, nor will they be eligible for central bank tools such as the discount window or intraday credit. (Cointelegraph)
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Binance Alpha distributes the second wave of ETH Gas (GWEI) airdrop with a threshold of 230 points

May 21st – Per an official announcement, Binance Alpha has begun distributing the second wave of its ETHGas (GWEI) airdrop. Eligible users, defined as those holding at least 230 Alpha points, can claim their 250 GWEI tokens via the platform’s dedicated Alpha activity page. If the total airdrop pool hasn’t been fully distributed, the points requirement will automatically drop by 5 points every 5 minutes.

3 minutes ago

Coinbase Bitcoin Premium Plunges to Lowest Level Since April

May 21: Coinglass data shows Bitcoin’s negative premium on Coinbase stands at -0.1011%, hitting its lowest level since April. Analysts note that while Bitcoin has recorded a recent rebound amid eased Iran-related tensions, the continuously widening negative premium signals U.S. investors are accelerating their exit from the cryptocurrency.

3 minutes ago

Kraken's parent company, Payward, receives preliminary approval from Dubai's VARA to conduct crypto business

On May 21, Kraken’s parent company Payward announced it has received preliminary approval for a brokerage, asset management, and investment license from the Dubai Virtual Asset Regulatory Authority (VARA) in the UAE. This authorization allows Payward to expand its cryptocurrency business in the region. The firm plans to offer spot, margin, and OTC trading, staking services via a locally regulated entity, plus Kraken Prime for institutional clients, and support peer-to-peer cryptocurrency transfers.

3 minutes ago

Prominent Trader: Firmly Believes Bitcoin Will Soon Drop to $74,000

On May 21st, prominent crypto trader Killa (@KillaXBT) posted on X that Bitcoin’s current market structure is “more like a correction,” and he still firmly believes BTC will reach $74,000 very soon. He added that the invalidation level for this bullish near-term thesis is if Bitcoin reclaims the $81,000 mark. For context, Killa—a quantitative trader specializing in Bitcoin—accurately predicted the peak of this bull market back in May 2025 and boasts over 180,000 followers on X.

3 minutes ago

Hyperliquid surges as meme coin PURR, ecosystem project KNTQ, and treasury firm stock all rise

On May 21st, as hype continued to build, liquidity spilled over into tokens across the Hyperliquid ecosystem. As of press time: - Hyperliquid ecosystem meme token PURR is trading at $0.109, up 20% in the last 24 hours. - Hyperliquid ecosystem liquidity staking protocol Kinetiq (ticker: KNTQ) is priced at $0.214, gaining 19% over the past 24 hours. - Additionally, publicly traded HYPE Treasury company Hyperliquid Strategies Inc (ticker: PURR) saw a sharp rise, climbing 13.3% today, with a 43.97% monthly gain. BlockBeats reminds users that prices of related tokens and stocks are extremely volatile. Investors should exercise full caution when making investment decisions.

3 minutes ago

The revision of the Russian cryptocurrency regulation bill will be completed next week, and stablecoins will be classified as foreign exchange assets

May 21 — Russian state news agency TASS reports that Ivan Chebeskov, Russia’s Deputy Finance Minister, stated at the “Russian Digital Financial System” conference that the Ministry of Finance, in partnership with the Central Bank of Russia, plans to finalize revisions to the cryptocurrency market regulation bill early next week. The updated bill will then be submitted to the State Duma for a second reading. Under a regulatory framework previously drafted by Russia’s central bank, digital currencies and stablecoins will be categorized as foreign exchange assets.

3 minutes ago

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