Get Bitcoin news and BTC updates in Philippines on MEXC, covering breaking events, price analysis, and expert perspectives. Read BTC news to stay ahead of the curve.Get Bitcoin news and BTC updates in Philippines on MEXC, covering breaking events, price analysis, and expert perspectives. Read BTC news to stay ahead of the curve.
2026-05-29 Friday

Bitcoin News in Philippines

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SoFi To Become First US Bank To Integrate Bitcoin Lightning

SoFi To Become First US Bank To Integrate Bitcoin Lightning

The post SoFi To Become First US Bank To Integrate Bitcoin Lightning appeared on BitcoinEthereumNews.com. Digital bank SoFi Technologies is set to become the first US bank to leverage the Bitcoin network and Universal Money Address, allowing Americans, Mexicans and others to send money through the Lightning Network.  SoFi has partnered with Bitcoin (BTC) payments infrastructure Lightspark to launch its blockchain-powered international money transfer service, which will go live later this year, starting in Mexico, SoFi said in an announcement on Tuesday. “For many SoFi members who regularly send money to loved ones internationally, the ability to quickly transfer money at low cost isn’t just a convenience, it’s a meaningful improvement to their everyday financial lives,” SoFi CEO Anthony Noto said on X.  According to Noto, users will be able to send money internationally directly from the SoFi app. It competes in a crowded global remittance market, which was valued at $740.5 billion in 2024. SoFi + Lightspark = instant global payments. 🌍⚡ Send money abroad in seconds, right from the @sofi app, powered by UMA. Coming soon for 🇺🇸→ 🇲🇽 with more countries to follow. The future of global payments is here: https://t.co/MxAA5o9k2Z pic.twitter.com/GFVq4KhoxF — Lightspark (@lightspark) August 19, 2025 SoFi unveils how the Bitcoin UMA solution will work SoFi’s new, UMA-powered international money transfer service will allow customers to convert US dollars into Bitcoin in real-time and route the funds across borders via the Bitcoin Lightning network, where funds are delivered directly to the recipient’s bank account in their country’s currency. Lightspark’s UMA allows users to transfer money with an email-like address while leveraging Bitcoin Lightning. The firm was founded in 2022 by David Marcus, former president of PayPal. SoFi said costs will be “below the current national average” and that exchange rates and fees will be shown to members before hitting send to “ensure full transparency.”  The service will be available at…
Bitcoin ETFs Now Hold a Record 1.25M BTC, More Than Satoshi

Bitcoin ETFs Now Hold a Record 1.25M BTC, More Than Satoshi

The post Bitcoin ETFs Now Hold a Record 1.25M BTC, More Than Satoshi appeared on BitcoinEthereumNews.com. The U.S. spot BTC ETFs have since surpassed Satoshi Nakamoto’s holdings of 1.096 million coins. Wall Street analysts, led by Bitwise CIO Matthew Sigel, expect BTC price to rally to new ATH before the end of year. Traders have a high conviction of a 25bps Fed rate cut in September amid executive pressure. The fleet of United States spot Bitcoin ETFs has officially reached a new all-time high, with total holdings surging to a landmark 1.25 million coins. The meteoric growth, which now sees the ETFs holding more BTC than Satoshi Nakamoto’s fabled 1.1 million coin stash, is being driven by Wall Street titans BlackRock and Fidelity. According to the latest market data, BlackRock’s iShares Bitcoin Trust (IBIT) alone now holds 748,968 BTC, accounting for a staggering 59.9% of all Bitcoin held in U.S. spot ETFs. The fund has become a go-to for major institutional players, attracting significant capital from the likes of Brown University, Abu Dhabi’s sovereign wealth fund Mubadala, and Harvard’s management company. This institutional rush comes as the market is going through short-term volatility, as Bitcoin Price Dips and Traders Await Fed Chair Powell’s Jackson Hole Speech. The Fidelity Wise Origin Bitcoin Fund (FBTC) has recorded a cumulative cash inflow of $11.9 billion, thus currently holding about 199,798 BTCs. The rise of IBIT and FBTC has coincided with a downfall of Grayscale’s GBTC, which once had over 620k BTCs but now only has 180,576 BTCs. Top Reasons Why Spot Bitcoin ETFs are Attracting More Capital  This palpable demand for Bitcoin is rooted in a combination of the asset’s growing recognition as “digital gold” and, crucially, a more favorable regulatory environment. Since President Donald Trump’s second term began, clearer crypto regulations have attracted significant capital.  Institutions started flooding in towards Bitcoin when on August 7th, President Trump signed…
XRP dips after 470M tokens sold – $2.60 in sight IF…

XRP dips after 470M tokens sold – $2.60 in sight IF…

The post XRP dips after 470M tokens sold – $2.60 in sight IF… appeared on BitcoinEthereumNews.com. Key Takeaways XRP lost 4% as whales sold 470 million tokens, with liquidation clusters below $2.60 signaling downside risk. Institutions leaned bearish, while Chainlink’s rising adoption by Swift and JP Morgan eroded XRP’s case. The crypto markets slumped sharply in the last 24 hours, with the total market cap slipping to $3.84 trillion. However, the daily trading volume rose to $186 billion, an 8% increase. Ripple [XRP], the third largest by capitalization, fell 4% and risked deeper losses if broader markets failed to rebound. Let’s unpack the signals behind XRP’s ongoing weakness. XRP faces massive whale exodus Per data from analyst Ali Martinez on X (formerly Twitter), big players were heavily dumping XRP tokens. Over the last ten days, they liquidated more than 470 million XRP as the price hovered around $3. The raid unloading came on the back of a broader market drop seen also in Bitcoin [BTC]. Notably, selling pressure stretched back to late July when XRP traded near $3.50. Source: Ali Charts/X The total exits during this stretch reached almost 1 billion tokens. As whales exited, price action mirrored the sell-off. XRP selling pressure intensifies The price action of XRP/USDT has been in a free fall since the $3.50 high. The altcoin has been making a series of lower highs and lows, a signal for bear strength. The MACD confirmed building seller momentum, fueled by new shorts across derivatives markets. Source: TradingView Coinbase’s addition of perpetual futures for XRP and Solana [SOL] also drew in fresh U.S. short sellers, according to CEO Brian Armstrong. Speaking of derivatives markets, the chart from Trading Different’s heatmap heightened the chances of a further drop. XRP was declining as it liquidated more longs below the price. Per CoinGlass data, high-leverage shorts (50x–100x) clustered between $3.05 and $2.85, accelerating XRP’s fall. Source:…
Is the Long-Awaited Altcoin Season Here?

Is the Long-Awaited Altcoin Season Here?

The post Is the Long-Awaited Altcoin Season Here? appeared on BitcoinEthereumNews.com. Bitcoin The crypto market just endured a sharp shake-up, erasing $107 billion in value as Bitcoin slipped to $113,461. While headlines focused on regulatory scrutiny of a $1.5 billion Alt5 Sigma deal tied to Trump’s World Liberty Financial, some analysts argue the dip could be the prelude to something bigger — the long-anticipated altcoin rally. Instead of seeing panic, institutions like Coinbase and Pantera Capital are framing September as a potential breakout moment. Their reasoning: Bitcoin dominance is faltering, and that’s often the first spark before capital rotates into alternative tokens. For nearly two years, Bitcoin has carried the market, buoyed first by ETF launches and later by political optimism. Altcoins were largely sidelined — their contribution to overall market growth in this cycle is just 35%, compared with more than half in earlier booms. Yet momentum is finally shifting. BTC’s market share has already slid from 65% in May to under 58%, while altcoins collectively surged past $1.4 trillion in capitalization. Ethereum is leading the institutional wave, with nearly 3 million ETH now held by companies. Its ecosystem tokens — including ARB, OP, and ENA — are seeing heightened activity, while liquid staking giant Lido (LDO) has soared nearly 60% this month. Regulators hinting that staking may fall outside securities law has only fueled confidence. Macro forces could accelerate the trend. Coinbase notes that $7.2 trillion still sits in U.S. money market funds, capital that could flow back into risk assets once the Fed pivots. Combine that with new legislation like the GENIUS and CLARITY bills, and the stage is set for altcoins to seize the spotlight. If the pattern of past cycles holds, Bitcoin’s stumble may not be a warning sign — but the opening act of September’s altcoin season. The information provided in this article is for…
Will Bitcoin Price Crash to $50,000 After This Friday?

Will Bitcoin Price Crash to $50,000 After This Friday?

The post Will Bitcoin Price Crash to $50,000 After This Friday? appeared on BitcoinEthereumNews.com. Bitcoin is entering a critical week. With the Federal Reserve Chair Jerome Powell scheduled to deliver his final Jackson Hole keynote as Fed chief this Friday, markets are bracing for volatility. The speech comes against a backdrop of a slowing labor market, persistent tariff-driven inflation, and a divided Federal Open Market Committee. Traders are asking the real question: will Powell’s words trigger a deeper correction in Bitcoin, potentially dragging it down to $50,000? Why Powell’s Speech Matters for Bitcoin Price Prediction? Bitcoin has matured into a macro-sensitive asset. Interest rate expectations, inflation readings, and central bank guidance now directly influence its trajectory. Powell used Jackson Hole in 2024 to pre-announce rate cuts, and if he signals a similar move this year, it could shape risk sentiment across global markets. The dilemma is clear: inflation has been creeping higher again, with PCE rising to 2.6% in June, while job creation has nearly stalled. If Powell acknowledges weakness in the labor market and hints at a September rate cut, liquidity-sensitive assets like Bitcoin could benefit short-term. On the other hand, if he emphasizes inflation risks and delays easing, the selloff already underway in BTC price may deepen. Powell’s upcoming Jackson Hole speech is expected to be his last as Federal Reserve chair, since his term ends in May 2026 and President Donald Trump has said he won’t reappoint him. Trump originally gave Powell the role in 2017. Powell’s position as a Fed governor runs until 2028, but he hasn’t confirmed whether he’ll stay on after stepping down as chair. What the Daily Bitcoin Price Chart Says? BTC/USD Daily Chart- TradingView Looking at Bitcoin’s daily chart, price action has turned decisively bearish since mid-August. After failing to hold above 120,000, BTC price has broken through its mid-Bollinger Band support and now hovers near…

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No Chart Skills? Still ProfitNo Chart Skills? Still Profit

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