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Mastercard Secures Crypto License in New York

<p class="text-left mb-4 ">The New York State Department of Financial Services (NYDFS) has approved a BitLicense for Mastercard, granting the company authorization to conduct digital asset activities. The license is valid under one of the strictest crypto regulatory regimes in the United States.</p><p class="text-left mb-4 ">The company announced on Wednesday that Mastercard Transaction Services (U.S.) LLC had received the license. The move aligns with Mastercard’s broader strategy around blockchain-based payment and settlement infrastructure.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Companies have been subject to BitLicense rules since 2015</h2><p class="text-left mb-4 ">New York introduced the BitLicense framework in 2015, imposing strict standards on crypto companies in areas such as capital requirements, cybersecurity, compliance, and consumer protection. Licensed firms are also required to operate under the ongoing supervision of NYDFS.</p><p class="text-left mb-4 ">Although the framework has drawn criticism from the industry due to high compliance costs and lengthy approval processes, supporters argue that it provides institutional players with a clear foundation for operating digital asset businesses.</p><p class="text-left mb-4 ">With this decision, Mastercard joins a relatively short list of companies that have received the license recently. <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">Crypto </a>financial services firm Galaxy obtained a BitLicense earlier this month, while Bitcoin payments app Strike received approval in March. Since the regime was launched, around two dozen companies have been granted approval for virtual currency licenses.</p><p class="text-left mb-4 ">Mastercard Chief Product Officer Jorn Lambert commented on the development, saying: “Clear regulatory frameworks play a critical role in building trust as new forms of digital value move from experimentation to practical application.”</p><p class="text-left mb-4 ">Mastercard’s push into stablecoin infrastructure has taken concrete shape in recent months. In March, the company agreed to acquire stablecoin payments firm BVNK for $1.8 billion. Analysts interpreted the deal as a sign that stablecoins are no longer a niche crypto product, but are increasingly becoming part of mainstream financial infrastructure.</p><p class="text-left mb-4 ">These digital tokens, pegged to fiat currencies such as the U.S. dollar, are being used more widely in cross-border payments, treasury management, and institutional settlement. Blockchain transfers can take place around the clock and, in many cases, are completed much faster than transactions through the traditional banking system.</p><p class="text-left mb-4 ">Mastercard said the BitLicense approval supports its strategy for digital currencies, including stablecoins and tokenized deposits. The company emphasized that it will maintain the compliance and operational standards adopted across its global payment network.</p><p class="text-left mb-4 ">Investment by major payment networks in blockchain infrastructure is part of a broader transformation across the sector. Traditional banking and blockchain-based payment systems are beginning to take shape not as competing structures, but as parts of an interconnected ecosystem. With this move, Mastercard has positioned itself among the institutions moving early in that transformation.</p>

27 May 2026

Bitcoin Fails to Break Resistance as Options Price in $55K

<p class="text-left mb-4 ">The crypto market is hovering just above a critical threshold on Wednesday. <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>(BTC) failed to break the $78,000 resistance on Tuesday and is now stuck above the $75,000 support, but below $76,000. That distinction is not trivial. Bitmine Chairman Tom Lee had said the end of the bear market could only be confirmed if BTC closed May above $76,000. For now, we are below that line.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-05-27-15-19-29-b32a619b.webp" alt="BTCUSDT_2026-05-27_15-19-29.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Ethereum is not showing a very different picture. After being rejected from the $2,150 resistance on Tuesday, ETH slipped toward the $2,000 support. On Wednesday morning, it bounced from $2,050 and was trading around $2,080. The technical outlook, however, raises doubts. ETH has broken the uptrend line it had held since February, opening the door to deeper losses.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">AI Tokens Give Back Their Gains</h2><p class="text-left mb-4 ">After Tuesday’s rally, closely watched AI tokens RENDER, FET and NEAR lost between 1% and 3% since midnight. The move has not created broad panic, but the overall altcoin picture remains cautious.</p><p class="text-left mb-4 ">Two exceptions stand out. Hyperliquid’s HYPE token rose 5.5% after hitting a record high this week. Monero also gained 5%, retesting the $400 level. Both have become bright spots in an otherwise thin altcoin market in recent days.</p><p class="text-left mb-4 ">The broader picture contrasts with equities. S&P 500 and Nasdaq 100 futures tested record levels on Wednesday, rising around 0.3%. As U.S. stocks continue to diverge from crypto, questions about the correlation between these two asset classes are moving back to the top of the agenda.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">There Is a Quiet Warning in Futures</h2><p class="text-left mb-4 ">After the holiday weekend, futures trading volumes rose 54% to $201 billion on a 24-hour basis, while liquidations jumped 87%. These large percentage increases can primarily be explained by the end of the holiday lull; they do not necessarily reflect a structural shift.</p><p class="text-left mb-4 ">Still, there is a more striking picture in the background. Bitcoin fell 1% over the past 24 hours, while open interest climbed from 704,000 BTC to 740,000 BTC. When price falls while open interest rises, the combination is usually interpreted as confirmation of a downtrend. Negative cumulative volume delta (CVD) also shows that market participants are selling aggressively, while funding rates remain neutral for now.</p><p class="text-left mb-4 ">There is also a concerning signal on the Ethereum side. ETH open interest has reached an all-time high of 15.57 million ETH. When this appears alongside negative CVD, it may suggest that traders are positioning for deeper price declines.</p><p class="text-left mb-4 ">Zcash (ZEC) is showing the opposite setup. Open interest in ZEC futures has fallen for a third consecutive day, while the price has dropped to $564. When price and open interest decline at the same time, it is often driven by the closing of existing long positions rather than the opening of new short positions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Deribit Data Points to Downside Bets</h2><p class="text-left mb-4 ">Bitcoin’s 30-day implied volatility index, BVIV, rose by around 3% to 37.35, breaking a 10-day losing streak. This recovery from yearly lows may indicate that the market is starting to seek protection against a potential price shock.</p><p class="text-left mb-4 ">The options market sends a clearer signal. According to Deribit data, the most traded contract over the past 24 hours was a put option pointing to Bitcoin falling to $55,000 by the end of September. Overall activity is concentrated around downside hedges at various strike prices between $70,000 and $76,000.</p><p class="text-left mb-4 ">In short, the market still does not know where it wants to go. Bitcoin is holding just above the $75,000 support, but Tom Lee’s $76,000 line remains out of reach. Futures, implied volatility and options positioning all point in the same direction: investors are preparing for downside.</p>

27 May 2026

Italy’s First Crypto Bank: Banca Sella Receives MiCA Approval

<p class="text-left mb-4 ">Italy-based Banca Sella announced that it has completed the mandatory notification process with the country’s central bank, Banca d’Italia. With this step, the bank became the first bank in Italy to gain a legal basis for offering cryptocurrency services. The group plans to open digital asset custody and transfer services to certain customer segments by the end of 2026.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Active by year-end</h2><p class="text-left mb-4 ">According to Banca Sella’s statement, the bank aims to launch digital asset custody and transfer services within this year. While these services will only be offered to specific customer categories, the bank also signaled that it does not plan to limit its crypto offering to these two products.</p><p class="text-left mb-4 ">Andrea Tessera, the group’s Head of Digital Banking, commented on the development as follows: The shift toward instant, interoperable, and programmable payment models, together with the tokenization of money and assets, is radically transforming financial infrastructure in Europe and globally. Banca Sella’s new services are positioned directly within this transformation.</p><p class="text-left mb-4 ">The bank is not taking this step from scratch. The group has long been investing in both technological infrastructure and human resources in the fields of distributed ledger technology, blockchain, and digital assets. Since 2022, the bank has participated in pilot programs run under Banca d’Italia’s Fintech Milano Hub. It is also among the founding members of the Qivalis consortium, which brings together 37 European banks and aims to launch a euro-pegged stablecoin.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">A milestone for MiCA compliance</h2><p class="text-left mb-4 ">The completion of the notification submitted to Banca d’Italia places Banca Sella in the position of Italy’s first bank that can begin offering services under Europe’s crypto regulatory framework, MiCA. MiCA stands out as a comprehensive EU regulation covering <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">crypto </a>assets and industry participants.</p><p class="text-left mb-4 ">The group’s focus is not limited to its current services. Banca Sella says it is also closely monitoring other developments in tokenization, especially the Pontes and Appia projects carried out under the Eurosystem with coordination from the European Central Bank.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Europe ahead of the US</h2><p class="text-left mb-4 ">This picture once again highlights the regulatory gap between Europe and the United States. Apart from some exceptions in the investment banking segment, much of the US banking sector is still waiting for comprehensive legislation that would clarify the limits and opportunities in crypto. The Clarity Act remains stalled in Congress without making progress, and serious questions remain over whether it will become law this year.</p><p class="text-left mb-4 ">By contrast, Europe has paved the way for banks to enter crypto services by implementing a comprehensive and functioning regulatory framework such as MiCA. Banca Sella’s move is a concrete example of how this framework is being received in the traditional finance world.</p>

27 May 2026

Trump Signals Support: “We Will Remain the World Leader in Crypto”

<p class="text-left mb-4 ">U.S. President Donald Trump openly defended the Commodity Futures Trading Commission’s (CFTC) authority over prediction markets. In a post on Truth Social, Trump backed his appointed CFTC Chairman Michael Selig while once again making his stance on the crypto sector clear.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">“Critically important”</h2><p class="text-left mb-4 ">Trump’s post on Tuesday was brief but direct: “It is critically important to preserve the CFTC’s exclusive authority over prediction markets and allow these markets to grow.”</p><p class="text-left mb-4 ">The president also highlighted the country’s position in the <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">crypto </a>space. “Other countries are chasing these new financial markets. We want to maintain our place at the top. Right now, we are the crypto capital of the world; others are trying to knock us off that position, but we will not allow it,” he said.</p><p class="text-left mb-4 ">Selig has long argued that the CFTC has “exclusive jurisdiction” over prediction markets. In this context, he has sued five states, including Wisconsin, Illinois, Arizona, Connecticut and New York. These states argue that platforms such as Polymarket and Kalshi violate local gambling regulations, while Selig insists that the agency’s authority should be interpreted broadly.</p><p class="text-left mb-4 ">Prediction markets have grown rapidly in the U.S., especially after the 2024 presidential election cycle. Initially seen as a niche area of interest, these platforms now generate tens of millions of dollars in trading volume.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">NYT investigation casts a shadow</h2><p class="text-left mb-4 ">Trump’s statement came shortly after a broad investigation published over the weekend by The New York Times. According to the NYT, senior CFTC employees who raised concerns about Polymarket, Crypto.com and other firms with business ties to the Trump family were pushed out of the agency. The investigation raised serious questions about the agency’s internal operations.</p><p class="text-left mb-4 ">Reactions came quickly. Democratic Senator Richard Blumenthal sharply criticized the CFTC in a post on X. “The CFTC has become a captive of prediction markets and shady crypto firms; it is ignoring national security risks while pressuring state regulators and punishing its own staff for trying to enforce the law,” he said.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Crypto test</h2><p class="text-left mb-4 ">Trump’s recent stance reinforces his promises to support the crypto sector. The president describes the industry as “a big industry” and emphasizes that the U.S. needs to get ahead in global competition. However, the debates inside the CFTC and the NYT investigation have pushed questions about what is happening behind this support higher on the agenda.</p><p class="text-left mb-4 ">The tension between states and the federal regulator over prediction markets remains unresolved. With Trump directly stepping in, this tension has now moved beyond a purely legal dispute and turned into a political issue. How the CFTC uses this authority in the coming period will be decisive for both the prediction markets sector and the broader crypto ecosystem.</p>

27 May 2026

Bitmine Makes Its Largest Weekly ETH Purchase

<p class="text-left mb-4 ">Ethereum treasury company Bitmine Immersion Technologies (BMNR) bought 111,942 ETH last week. This marked the company’s largest weekly purchase since December 2024. Its total ETH holdings reached 5.39 million tokens; 4.47% of Ethereum’s circulating supply of 120.7 million tokens is now held by this company.</p><p class="text-left mb-4 ">At today’s prices, the weekly purchase is worth roughly $237 million. <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noreferrer" class="text-primary underline">ETH </a>is currently trading around $2,134.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ethusdt-2026-05-26-17-29-39-68d6941d.webp" alt="ETHUSDT_2026-05-26_17-29-39.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Plan changed, pace increased</h2><p class="text-left mb-4 ">At the Consensus 2026 conference held in Miami in early May, Chairman Tom Lee said they would slow the pace of weekly purchases. Within a week or two, the plan changed. ETH fell from around $2,400 in April and early May to near $2,100. Bitmine saw this decline as worth buying.</p><p class="text-left mb-4 ">Lee said this directly in the company’s official statement: “We continue to steadily buy ETH. We view price levels below $2,200 as an attractive opportunity.” He also repeated the company’s goal of holding 5% of supply in 2026. In the company’s own words, it has reached 4.47% in 11 months on its way to the “alchemy of 5%.” In other words, it has completed 89% of the target.</p><p class="text-left mb-4 ">Lee also emphasized that they see two major catalysts ahead for Ethereum: Wall Street’s asset tokenization and the growing need of AI agents for public blockchains. Bitmine presents these two trends as the core arguments behind its ETH accumulation strategy.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The full portfolio</h2><p class="text-left mb-4 ">Bitmine’s total crypto and cash holdings stand at $12.3 billion. ETH is the dominant part of this portfolio; 5.39 million tokens are worth around $11.5 billion at $2,134. The company also holds 203 Bitcoin and $444 million in cash.</p><p class="text-left mb-4 ">The portfolio also includes equity positions the company calls “moonshots”: a $200 million stake in Beast Industries and a $95 million stake in Eightco Holdings (NASDAQ: ORBS). Eightco is one of the few publicly traded companies in the world that offers indirect exposure to OpenAI.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Staking: More than accumulation</h2><p class="text-left mb-4 ">Bitmine has staked 87% of its ETH holdings, equal to more than 4.71 million tokens. At a price of $2,134, this position is worth $10.1 billion. Annual staking revenue has reached around $276 million, while the seven-day yield was reported at 2.75%.</p><p class="text-left mb-4 ">Bitmine also built its own infrastructure for a staking operation of this scale. MAVAN, short for Made in America VAlidator Network, was launched in 2026 and was initially developed only to stake Bitmine’s own ETH. Now its scope is expanding; the company plans to open it to institutional investors, custodians and ecosystem partners.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Global ranking</h2><p class="text-left mb-4 ">Bitmine maintains its position as the world’s largest ETH treasury. In the global crypto treasury ranking, it is second only to Strategy Inc. (MSTR). Strategy holds a portfolio worth $64 billion with around 818,000 BTC.</p><p class="text-left mb-4 ">The stock’s liquidity also paints a notable picture. According to Fundstrat data, BMNR’s five-day average daily trading volume stands at $572 million, placing it 193rd among 5,704 US-listed companies. It ranks just behind Trane Technologies at 192 and ahead of Delta Airlines at 194.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Institutional support</h2><p class="text-left mb-4 ">The company’s investor base also stands out. Institutional names such as Cathie Wood’s ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG and Galaxy Digital are among Bitmine’s shareholders. Tom Lee also continues to support the company both as Bitmine’s chairman and as a personal investor.</p><p class="text-left mb-4 ">In April 2026, the company moved from NYSE American to the New York Stock Exchange. Its ticker remained BMNR.</p><p class="text-left mb-4 ">While assessing the market outlook, Lee also highlighted the GENIUS Act and the SEC’s Project Crypto initiative. He compares these regulatory steps to the United States abandoning the gold standard in 1971; pointing to how that decision transformed Wall Street, he argues that today’s crypto regulations could have a similar impact.</p>

26 May 2026

Regulation

Mastercard Secures Crypto License in New Yorkabout 4 hours ago

BTC, Altcoin

Bitcoin Fails to Break Resistance as Options Price in $55Kabout 5 hours ago

Regulation

Italy’s First Crypto Bank: Banca Sella Receives MiCA Approvalabout 6 hours ago

Politics

Trump Signals Support: “We Will Remain the World Leader in Crypto”about 7 hours ago

ETH

Bitmine Makes Its Largest Weekly ETH Purchase1 day ago

Regulation

Mastercard Secures Crypto License in New Yorkabout 4 hours ago

BTC, Altcoin

Bitcoin Fails to Break Resistance as Options Price in $55Kabout 5 hours ago

Regulation

Italy’s First Crypto Bank: Banca Sella Receives MiCA Approvalabout 6 hours ago

Politics

Trump Signals Support: “We Will Remain the World Leader in Crypto”about 7 hours ago

ETH

Bitmine Makes Its Largest Weekly ETH Purchase1 day ago

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