Bitcoin

ApeCoin reaches new all-time high: APE 45% higher this week

ApeCoin (APE), the native governance token in the Bored Ape Yacht Club (BAYC) ecosystem, has soared to a new all-time high above $18 after another huge rally on Saturday. The price of APE rose more than 24% in intraday trades as bulls pushed higher, buoyed by positivity around further ecosystem growth. In early afternoon deals…

ApeCoin (APE), the native governance token in the Bored Ape Yacht Club (BAYC) ecosystem, has soared to a new all-time high above $18 after another huge rally on Saturday.

The price of APE rose more than 24% in intraday trades as bulls pushed higher, buoyed by positivity around further ecosystem growth.

In early afternoon deals Saturday, APE/USD hit $18. 44 on Binance to record its highest ever price. The aggregate price across major exchanges was $18. 05, according to data from CoinGecko.

APE/USD currently trades around $17. 36, about 17% up in the past 24 hours.

Chart showing the APE-USD price movements on the 4-hour chart Source: TradingView

According to data from CoinGecko, APE/USD has surged nearly 50% in the past seven days. It’s up more than 64% in the past two weeks.

The upside, with most of it happening in the last four day, has propelled ApeCoin up to $5 billion. 06 billion, pushing it to 31st among the largest cryptocurrencies by market capitalisation.

ApeCoin outperforms Decentraland

The broader crypto market has struggled with bearish pressure over the past several days, with Bitcoin (BTC) dipping below $40,000 as most other digital assets mirrored the performance.

ApeCoin has been able to rally and overtake Decentraland, (MANA), in terms of market capital.

Decentraland, which has been the top metaverse-linked token by market value, is down by 5.3% in the past week and by more than 10% in the red over the past two weeks.

MANA/USD currently trades at $2. 04, down over 1% in the past 24 hours. Data on CoinGecko shows MANA’s market cap is $3.1 billion and ranks 45th in terms of market capitalisation.

Why does ApeCoin keep growing?

The upcoming land sale in Yuga Labs’ “Otherside”, a BAYC creator, is what is driving the ApeCoin buying pressure.

Although the project has yet to go live, its developer has been teasing it for the past few weeks. Investors are excited about a possible announcement regarding the use of APE in land sales.

The sale of 100,000 land plots out of 200,000 is expected to see 30% go to BAYC and MAYC (Mutant Ape Yacht Club) holders. The rest, 70%, will be a public sale.

Whale activity has soared as a result, with data from analytics site CoinCarp showing that the top 100 APE holders account for 52. 39% of the token’s circulating supply. The data shows there are currently 49, 057 ApeCoin (APE) wallets.

Bitcoin

BitcoinOS Launches Charms: Metaprotocol for Programmable Tokens on Bitcoin and UTXO Blockchains

BitcoinOS (BOS) has announced the launch of Charms, a groundbreaking metaprotocol designed to enable native, programmable tokens on Bitcoin and other UTXO blockchains without the need for bridges or custodians. This new protocol allows developers to create decentralized applications and smart assets directly on Bitcoin, facilitating seamless token transfers across UTXO-based chains such as Cardano…
Read More

Bitcoin

qBTC to Release Open-Source Quantum-Safe PoW Bitcoin Side Chain, Adds Jameson Lopp as Advisor

This content is provided by a sponsor. LAS VEGAS, May 23, 2025 – Quantum Safe Technologies Corp, the research collective building qBTC, the world’s first quantum-safe sidechain for Bitcoin, today announced it will publish the full source code of its proof-of work- side chain protocol during the Bitcoin 2025 Conference in Las Vegas…
Read More

Bitcoin

Report: Trump administration wants USAID to adopt blockchain technology

USAID will change its name to the US Agency for International Humanitarian Assistance (IHA) By using blockchain technology, it will “radically increase security, transparency, and traceability” The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February The Trump administration reportedly wants its…

Mavryk Dynamics raises $5M to build its RWA L1 blockchain network

USAID will change its name to the US Agency for International Humanitarian Assistance (IHA)
By using blockchain technology, it will “radically increase security, transparency, and traceability”
The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February

The Trump administration reportedly wants its United States Agency for International Development (USAID) to “leverage blockchain technology” as it works on renaming the organization.

According to a report from WIRED, a government memo has been circulating among State Department officials detailing plans for USAID. In the 13-page document – first reported on by Politico – it states that as part of the revamp, USAID will change its name to US Agency for International Humanitarian Assistance (IHA).

The memo also suggests “leveraging blockchain technology” which will “radically increase security, transparency, and traceability.”

It adds: “This approach would encourage innovation and efficiency among implementing partners and allow for more flexible and responsive programming focused on tangible impact rather than simply completing activities and inputs.”

USAID staffers on leave

Since US President Donald Trump re-entered the White House, significant changes have been made to organizations in the US. One of which is USAID.

In early February, USAID staff were put on administrative leave “with the exception of designated personnel responsible for mission-critical functions,” according to a government notice.

Following the implementation of Elon Musk’s Department of Government Efficiency (DOGE), staff numbers at USAID have been cut from 10,000 to just under 300.

In a post on X in February, Musk wrote: “USAID is a criminal organization. Time for it to die.”

USAID is a criminal organization.

Time for it to die. https://t.co/sWYy6fyt1k

— Elon Musk (@elonmusk) February 2, 2025

Blockchain in humanitarian efforts

The use of blockchain in humanitarian efforts has been used before with many seeing the potential is can bring. In 2020, UNICEF invested around 135 Ethereum – about $30,000 at the time – into eight companies from seven developing countries to assist in developing prototypes and to scale their projects.

Financial services company AID:Tech turned to the payment rails of stablecoin issuer Circle to provide fraud-resistant disaster relief delivery in USDC in 2021. By doing so, they wanted to reduce inequality and increase opportunities by bringing accountability and transparency to the distribution of federal relief.

Realizing the benefits of blockchain technology, AID:Tech was the first company to use the technology to deliver international aid in 2015.