Global

Tech giant Nvidia's (NVDA) significant outperformance compared to Bitcoin (BTC) over the past decade is unlikely to be replicated in the next ten years, according to crypto industry figures.

BitGo has been given another chance to pursue legal action against Galaxy Digital regarding their terminated $1.2 billion merger deal.

Blockchain data indicates that Bitcoin whales, who are significant holders of the cryptocurrency, are increasingly inclined towards accumulating more coins, suggesting a renewed confidence in the bull market.

Cardano (ADA) has seen a 5.42% decline in value over the past week, making it one of the worst performers among the top 20 cryptocurrencies. Despite this familiar position, some market participants view this as a potential buying opportunity.

Coinbase utilized ongoing political developments in the U.S. Congress to strengthen its interlocutory appeal against the SEC. In a court filing dated May 24, Coinbase contended that the SEC attempted to "bypass" the Howey test, a legal standard used to identify securities. The crypto sector and the SEC have long disputed the application of this test to digital assets.

Recent developments in China indicate that cryptocurrencies are still being used despite the government's ban. Chinese police have conducted multiple raids, uncovering illicit transactions worth billions of dollars involving cryptocurrencies.