The Graph, an indexing and query protocol, has integrated Chainlink’s interoperability standard to enable cross-chain transfer of its native token. The Graph (GRT) announced that this adoption of the Chainlink (LINK) interoperability standard will allow users to bridge GRT across…

The Graph enables cross-chain transfer of GRT with Chainlink’s CCIP

Worldcoin’s parent entity, the nonprofit World Foundation, has injected fresh 
momentum into its biometric-identity project after selling $135 million worth 
of liquid WLD tokens at spot price to two of its earliest backers, Andreessen 
Horowitz (a16z) and Bain Capital Crypto. The direct purchase—explicitly “not a 
venture round… a direct purchase of non-discounted liquid tokens,” according 
to the foundation—adds the same amount of WLD to circulating supply and leaves 
no lock-ups or preferential terms on the table. Worldcoin Rakes In $135 
Million The sale is meant to bankroll a rapid expansion of Worldcoin’s iris- 
scanning “Orb” hardware in the United States—still the project’s toughest 
regulatory theater—and to keep pace with surging demand abroad. “To date, more 
than 26 million users participate in the World network and more than 12.5 
million people have an Orb-verified World ID,” the foundation said in its 
press release, adding that the capital will help the network become “one of 
the first self-sustaining protocols.” Related Reading: Worldcoin (WLD) About 
To Breakout? Analyst Sets Next Target After 4-Month High Andreessen Horowitz’s 
participation is consistent with its early role in the project. The venture 
firm was a lead investor in Tools for Humanity—the company that incubated 
Worldcoin—during its 2021 Series A, making it a foundational backer of the 
ecosystem even before the World Foundation was established. Market observers 
were struck by the size and terms of the buy. Bitwise CIO Matt Hougan noted on 
X that “a16z and Bain just bought $135 m of Worldcoin (WLD) at the current 
market price … a price that is down 90% over the past 14 months. I’m not sure 
I’ve ever seen something like that. Intriguing tbh.” When a user suggested the 
purchase might simply be a “look at this thing that Sam Altman is involved 
with that’s so cheap,” Hougan replied, “yes, could be.” Worldcoin casts its 
“proof-of-personhood” scheme as a necessary counterweight to the acceleration 
of artificial general intelligence. The foundation insists that identity 
verification tools “should scale at a similar pace to help prepare humanity 
for the AGI era,” and says the latest funding will be deployed primarily to 
manufacture more Orbs, subsidize US city roll-outs, and refine the protocol’s 
fee model. Related Reading: Worldcoin Rejection At $2.1 Sparks Concerns Of 
Prolonged Downtrend With venture capital titans effectively doubling down at 
market price—and doing so after a near-90% drawdown—the trade is being 
interpreted as a high-conviction signal that the biometric-identity narrative 
may be poised for a second act. Whether that confidence can overcome 
regulatory headwinds and lingering privacy concerns will define the next 
chapter for Sam Altman’s most controversial crypto experiment. WLD Chart Check 
A weekly chart of WLD/USDT (Binance) shows price rebounding in a V-bottom 
manner from the low at $0.57—the 0-Fib anchor in the current retracement 
grid—and pushing into the cluster of moving averages that have capped every 
rally since the beginning of the year. The 20-week EMA ($1.27) is the 
immediate hurdle; clearing it would expose the 50-week EMA at $1.87 and then 
the 0.236 Fibonacci retracement at $3.27.The psychologically weighty $5 region 
around the 0.382 level could come afterwards. Notably, momentum has 
brightened: the weekly RSI is curling upwards, while higher volume bars 
confirm fresh dip-buying interest. Still, the longer-term structure remains 
decisively bearish so long as price trades beneath the $1.33-$1.41 resistance 
area. At press time, WLD traded at $1.337. Featured image created with DALL.E, 
chart from TradingView.com

Sam Altman’s Worldcoin Raises $135 Million—WLD Token Jumps 15%

XRP Ledger enters the MiCA era with its first fully compliant euro stablecoin, 
unlocking institutional-grade euro payments, stablecoin utility, and real- 
world asset tokenization. MiCA-Compliant Euro Stablecoin Hits XRP Ledger 
Ripple shared on May 22 that Schuman Financial’s euro-backed stablecoin, 
EURØP, has become the first to launch on the XRP Ledger (XRPL) in full 
compliance with […]

XRP Ledger Gets Its First MiCA-Regulated Euro Stablecoin

Michigan lawmakers have introduced four crypto-related bills covering crypto 
mining, central bank digital currencies (CBDCs) and crypto in state retirement 
funds.
Republican state Representative Bill Schuette introduced House Bill 4510 on 
May 21, which would amend Michigan&#8217;s Public Employee Retirement System 
Investment Act to allow the state treasurer, currently Rachael Eubanks, to 
invest in cryptocurrencies that have averaged a market cap above $250 million 
over the last calendar year.
Bitcoin (BTC) and Ether (ETH) are the only cryptocurrencies that currently 
meet that threshold. The bill adds that any cryptocurrencies must be held in 
the form of an exchange-traded product issued by a registered investment 
company.
A similar bill was introduced in February, permitting the state treasurer to 
allocate up to 10% of Michigan&#8217;s Budget Stabilization Fund into crypto.
Republican Representative Bryan Posthumus led the introduction of the second 
bipartisan crypto bill on May 21, HB 4511, which would prohibit Michigan from 
banning crypto or imposing licensing requirements on crypto holders. It would 
also prohibit state officials from advocating or supporting a proposed CBDC 
from the federal government.
The bill defines advocating or supporting a CBDC to involve issuing a 
memorandum or official statement endorsing a CBDC proposal related to its 
testing, adoption or implementation.
_Source:__Bitcoin Laws_
## 
Michigan to consider two crypto mining bills
HB 4512, the third crypto bill introduced by a bipartisan group led by 
Democratic Representative Mike McFall, would create a Bitcoin mining program 
allowing operators to set up at abandoned oil and gas sites.
A supervisor would be assigned to determine how much oil or gas could 
reasonably be expected to be produced from the site, who the last operator of 
the site was and how long it has been left unused.
_**Related:**__**US Senate moves forward with GENIUS stablecoin bill**_
Those seeking to participate in the program would need to submit legal 
documents outlining their organizational structure, demonstrate their ability 
to operate as a Bitcoin mining entity and provide estimates of the breakeven 
price for a profitable venture.
The fourth bill, HB 4513 &#8212; also filed by a McFall-led bipartisan group &#8212; 
would amend Michigan&#8217;s income tax laws to include income obtained from the 
proposed Bitcoin mining program.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

Yesterday, Bitcoin (BTC) made a fresh all-time high (ATH) of $111,880 on 
Binance crypto exchange following months of downward action during the first 
quarter of the year. The leading cryptocurrency has rebounded over 45% from 
its April 6 low of approximately $76,000, and recent whale behavior suggests 
that long-term holders see further upside potential. Bitcoin ATH Sees Mixed 
Reaction From Whales According to a recent CryptoQuant Quicktake post by 
contributor Crazzyblockk, new whales &#8211; wallets that have held substantial BTC 
amounts for less than 30 days &#8211; have been aggressively taking profits during 
the current price rally, contributing to increased selling pressure. Related 
Reading: Bitcoin Retail Demand Rises 3.4% As Small Investors Return To The 
Market – New ATH Soon? In contrast, old whales &#8211; wallets holding significant 
BTC for over six months &#8211; have shown minimal selling activity. This indicates 
long-term confidence in Bitcoin and expectations of continued price 
appreciation. Meanwhile, whales active between 7 to 30 days ago have engaged 
in moderate profit-taking, suggesting cautious participation in the ongoing 
rally. While the restrained activity from old whales is a positive signal, 
some indicators point to caution regarding the rally’s sustainability. For 
example, the Net Realized Profit/Loss (NRPL) during the current price surge is 
significantly lower than levels observed during previous 2024-2025 market 
tops. This indicates weaker overall profit-taking momentum among investors. 
For the uninitiated, NRPL measures the net profit or loss investors are 
locking in when they sell their Bitcoin, based on the price difference between 
acquisition and sale. A high NRPL indicates strong profit-taking behavior, 
while a low or negative NRPL suggests reduced enthusiasm or capitulation. Is 
The Market Headed Further Up? Although a low NRPL may imply that the market is 
not yet euphoric &#8211; a potentially healthy sign &#8211; it also raises concerns about 
the strength and sustainability of the ongoing rally. These dynamics could 
influence BTC’s price trajectory across different timeframes. Related Reading: 
Buy Bitcoin, Ditch The Banks Before It’s Too Late—Kiyosaki In the short-term, 
continued profit-taking by new whales may trigger a price correction to 
neutralize overheated market conditions. A drop in price could send BTC back 
to the $100,000-$105,000 support zone. In contrast, in the mid-term, the 
ongoing inactivity of old whales coupled with low NRPL levels could support a 
bullish continuation after a consolidation phase. Investors may view pullbacks 
as opportunities to accumulate more BTC. To conclude, while a short-term price 
correction remains possible, the mid-term outlook for Bitcoin is largely 
optimistic &#8211; assuming old whales maintain their positions and NRPL remains 
low. This aligns with recent on-chain analyses showing that many new BTC 
investors are sitting on solid unrealized gains and are not showing signs of 
panic selling, despite Bitcoin trading close to ATHs. At press time, BTC 
trades at $111,500, up 4.2% in the past 24 hours. Featured image from 
Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin ATH Met With Mixed Whale Reactions – What’s The Market Signal?

Bitcoin is primed to skyrocket as Arthur Hayes forecasts $250K by year-end and 
$1 million by 2028, igniting massive momentum across the entire crypto market. 
Arthur Hayes’ Bullish Bitcoin Predictions Arthur Hayes, Bitmex co-founder and 
chief investment officer of Maelstrom, laid out one of the most ambitious 
bitcoin forecasts in the industry during an interview […]