Crypto

The X accounts of ZKsync and Matter Labs were hacked, with attackers apparently aiming to crash the ZK token by falsely claiming US authorities were probing the platform. The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network was being probed by US authorities, among other scam messages. A ZKsync-related X account posted on May 13, confirming the accounts for ZKsync and Matter Labs were compromised, warning users not to interact after the accounts shared links to a fake airdrop in an apparent phishing scam. The hacked ZKsync and Matter Labs then both posted a fake statement claiming ZKsync was under investigation by the US Securities and Exchange Commission and that the Treasury Department could impose sanctions on the platform. Read more

Crypto financial services firm Anchorage Digital has bolstered its stablecoin offerings with the acquisition of stablecoin issuer firm Mountain Protocol. Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM). The acquisition, which is subject to customary closing conditions and regulatory approval, will integrate the Mountain Protocol team, tech stack and licensing framework into Anchorage’s existing offerings, Anchorage said in a May 12 statement. While terms of the deal weren’t disclosed, it reflects an accelerating number of acquisitions between crypto and TradFi firms in recent months. Read more

A bullish pattern emerged on Dogecoin’s weekly chart, leading traders to anticipate a 180% gain from DOGE. Key Takeaways: Dogecoin's 38% surge reflects strong market demand, with spot-buyer volumes taking charge since March. A bullish MACD crossover has traders predicting a 180% rally, with targets at $0.65 and $1. Read more

Bitcoin crossed $100,000 last week for the first time since February, powered by a rapid expansion in derivatives activity that set new records for open interest, funding rates, and short liquidations. The move unfolded within a market increasingly reliant on leveraged structures rather than spot-driven flows, setting up a potentially fragile foundation if momentum stalls. […] The post Short squeeze propels Bitcoin past $100,000 with funding rates growing appeared first on CryptoSlate.

Ethereum’s recent rally has reignited bullish sentiment, but analysts warn further gains hinge on sustained demand and stronger fundamentals.

Coinbase has become the first and only crypto company to be added to the S&P 500, marking a historic milestone for both the digital asset sector and traditional financial markets. Coinbase CEO Brian Armstrong confirmed the announcement on social media, declaring the company’s inclusion a validation of the industry’s staying power. Armstrong wrote: “Crypto is […] The post Coinbase makes history with S&P 500 induction, reinforcing crypto’s arrival in mainstream finance appeared first on CryptoSlate.

Onchain security firm Blockaid speculates it might be a front end attack, and says not to sign transactions and avoid interactions with Curve until the issue is resolved. Update May 13, 12:33 am UTC: This article has been updated to include more information from Curve Finance. Decentralized finance (DeFi) protocol Curve Finance has warned that a hacker has again hijacked its domain name system (DNS), sending users to a malicious website.   In the second attack on its infrastructure in a week, the “curve.fi DNS might be hijacked. Don’t interact!” the team said in a May 12 warning to X. Read more

Ahead of the premier NYC Crypto Summit, Adams calls for smart regulation and public-private collaboration.

Tether USD (USDT) has surpassed $150 billion in circulating supply amid stablecoins averaging over $521 billion in weekly transfer volumes in 2025, The metrics posted by the leading stablecoin are well above the combined weekly volumes of Visa and PayPal, which averaged $319 billion and $32 billion, respectively. Tether described the milestone as the culmination […] The post USDT supply surpasses $150 billion as stablecoins outpace mainstream giants Visa, PayPal appeared first on CryptoSlate.

The South Korean central bank has entered the political furore surrounding stablecoins, insisting it should have the final say over the issuance of a KRW-pegged coin. The post South Korean Central Bank Wades into Presidential Candidates’ Stablecoin Row appeared first on Cryptonews.

A free RCS chat using Gemini AI offers a loophole to access the internet during a flight—without the pricey Wi-Fi bill.

Progressive group Our Revolution is mobilizing lawmakers and grassroots members in a national organizing call to stop what it calls an alleged sweeping “crypto power grab” led by President Donald Trump and his congressional allies. According to the press release shared with CryptoSlate, Senators Elizabeth Warren and Jeff Merkley will headline the virtual event on […] The post Senators Warren, Merkley to headline national call opposing Trump’s GENIUS Act appeared first on CryptoSlate.

Aave said the figure is the highest ever across decentralized finance protocols. Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama. In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has approximately $40 billion in TVL. Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers.  Read more

Crypto.com and Dubai's finance department are working together to make crypto payments a reality for the city's government.

"Black Tie preferred, but optional," according to the project offering 220 wallet holders the chance to meet with the US president after they invested millions in his memecoin. The list of the top holders of US President Donald Trump’s memecoin has been finalized ahead of background checks to apply for a dinner and “VIP tour” with the president on May 22. In a May 12 X post, the TRUMP memecoin project said it would stop considering additional purchases for a dinner with the president, adding that the top tokenholders had been notified to apply for background checks if they wanted to attend. According to data provided on the project’s leaderboard, the top 220 wallets held more than 13.7 million tokens as of May 12, worth roughly $174 million at the time of publication. Read more

Crypto investors dug deep into their pockets to secure a VIP spot at President Trump's upcoming reception and dinner.

Crypto exchange Coinbase will soon be indirectly added to millions of investment portfolios as it is set to join the S&P 500 index on May 19. Crypto exchange Coinbase Global (COIN) is set to join the Standard and Poor’s 500 (S&P 500) on May 19, becoming the first and currently only crypto firm to make it into the index. The crypto exchange will replace Discover Financial Services (DFS), which was recently acquired by Capital One Financial Corp (COF), S&P Global said on May 12. The S&P 500 is a stock market index that tracks the performance of 500 of the largest, publicly traded companies in the US, representing a broad measure of the overall US stock market. Coinbase’s inclusion in the S&P 500 should increase demand for its stock because index funds and exchange-traded funds that track the S&P 500 must buy COIN shares to mirror the index. The S&P 500 tracked an aggregate market cap of $49.8 trillion as of March 31. It is a market-cap-weighted index, giving more weight to larger firms such as Microsoft, Apple,...

Bitcoin data suggests that potential profit-taking in the $106,000 range is likely to occur before BTC bulls attempt to set new all-time highs. Key Takeaways: Bitcoin exhibits a bearish breakout from an ascending channel, with the risk of profit-taking near $106,000. A lower-than-expected US Consumer Price Index (CPI) print could boost Bitcoin, but a higher CPI may increase bearish pressure, leading to a price drop below $100,000. Read more

SEC Chair Paul Atkins has emphasized that investor protection requires transparent crypto rules of the road, telling a May 12 roundtable of industry figures that the SEC will build pragmatic paths to registration and steer away from case-by-case enforcement against digital asset firms. The post Paul Atkins Vows Clear Crypto Regime, Ending SEC ‘Enforcement-Only’ Era appeared first on Cryptonews.

Authorities have asked for 24 months for Eric Council Jr., the individual who pleaded guilty to a charge for compromising the SEC's X account in 2024. The US government has asked a federal judge to impose a two-year sentence for Eric Council Jr., the individual who helped post a fake message announcing the approval of Bitcoin exchange-traded funds through the Securities and Exchange Commission’s (SEC’s) X account. In a May 12 filing in the US District Court for the District of Columbia, prosecutors recommended Judge Amy Berman Jackson sentence Council to two years in prison for his role in posting a message to the social media platform X suggesting that the SEC had approved spot Bitcoin (BTC) exchange-traded funds (ETFs) for the first time in January 2024. The fake announcement, which shook markets in the roughly 24 hours before the regulator actually approved spot Bitcoin ETFs, led to the arrest of Council. “This case deserves a guidelines range prison sentence,” said US prosecutors. “Defendant profited thro...