Crypto

Singapore-based Basel Medical Group (BMGL) announced plans to acquire $1 billion worth of Bitcoin (BTC) to strengthen its balance sheet and accelerate expansion across Asian markets. Basel also revealed that the proposed transaction is being negotiated with a consortium of institutional investors and high-net-worth individuals active in the crypto sector.  Basel CEO Darren Chhoa said […] The post Basel Medical Group to add $1B in Bitcoin to treasury amid falling share prices appeared first on CryptoSlate.

Benchmark Equity Research raised its COIN price target to $301 three days after Coinbase’s inclusion in the S&P 500. 

Details associated with Sequoia Capital partner Roelof Botha’s Coinbase account were reportedly compromised in an attack affecting “less than 1%” of the exchange’s monthly users. At least one partner at Sequoia Capital was reportedly impacted by the recent data breach among Coinbase users, suggesting that data from others at the venture capital firm may also have been compromised. According to a May 16 Bloomberg report, Sequoia Capital Managing Partner Roelof Botha’s personal information available through his Coinbase account was stolen after a group of cybercriminals bribed the exchange’s support agents for access to user data. Though Botha had not publicly disclosed his net worth, estimates suggested he had hundreds of millions of dollars in assets. Coinbase disclosed the data breach in a May 15 blog post, saying that some of its users had been targeted with social engineering attacks after the criminals had access to their personal account information. The company said the group attempted to extort $20 mil...

The SolvBTC.AVAX token generates yield through a multi-protocol strategy that involves Elixir, Euler and Re7. Solv Protocol has launched a yield-bearing Bitcoin token on the Avalanche blockchain, giving institutional investors more exposure to yield opportunities backed by real-world assets, or RWAs. On May 16, the protocol unveiled SolvBTC.AVAX, a token that connects Bitcoin (BTC) to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane.  The new token was developed through a seven-way partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the company said.  Read more

An Alabama man will spend 14 months in prison for his role in hacking the SEC’s X account to spread false info about Bitcoin ETF approvals.

Several altcoins are in the process of double and triple-digit rallies as US money supply expansion and data from the TOTAL3 index point to the early stages of an altseason. Key takeaways: The total altcoin market cap (excluding ETH) gained $126 billion in Q2, fueling speculation of an altseason. The altcoin market cap, excluding Ether (ETH), has added $126 billion in Q2, sparking enthusiasm from analysts who have been waiting for an altseason. Crypto analyst Javon Marks noted a breakout that could rival the explosive 2017 bull run.  Read more

An Argentine federal judge has ordered the freezing of assets belonging to key figures behind the LIBRA memecoin project as investigators examine potential fraud linked to the digital token’s promotion, including scrutiny of financial operations tied to President Javier Milei and his sister, Karina Milei, local media reported on May 15. Judge María Servini issued […] The post Judge targets central figures in LIBRA scandal with asset freeze; Milei’s financial ties under review appeared first on CryptoSlate.

The exchange is leveraging its crypto-as-a-service offering as a way to expand its user base and support the technology’s adoption.

Coinbase can't shake the SEC's probe into its user numbers. Meanwhile, eToro and Galaxy Digital make their Nasdaq debuts.

The purchase will accelerate the development of Solana-based Web3 applications to meet growing enterprise demand, Alchemy said

Sure, Darth Vader is a bad guy—but not like this. Fortnite's AI-powered Star Wars villain spouted unexpected language soon after launch.

The company had a weak Q1 2025, suffering a loss of $295 in net income according to company investor reports. Galaxy Digital shares began trading on the Nasdaq stock exchange May 16, completing a years-long process that CEO Mike Novogratz called unfair and infuriating, CNBC reported. The crypto and infrastructure company, which is also listed in Canada, opened trading at $23.50 in its Nasdaq debut. Trading began on the same day Galaxy disclosed that it is working with the US Securities and Exchange Commission (SEC) to tokenize its shares. According to Bloomberg, the tokens representing Galaxy Digital’s shares could be used in decentralized finance applications, like borrowing or lending. Read more

Despite exiting its position on BlackRock’s IBIT, the agency still holds over $34 million in Coinbase, Robinhood, and Marathon Digital shares.

The son of U.S. President Donald Trump spoke at CoinDesk's Consensus conference in Toronto, Canada on Friday.

A fintech in the South American nation copied the Strategy—formerly MicroStrategy—playbook.

Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.

Authorities in Paraguay deported three individuals and arrested another in connection with a May 15 attempted robbery at a crypto mining operation in Coronel Bogado, a town and district in Paraguay. According to statements by prosecutor Irene Rolón made during a May 15 interview on local news outlet Monumental TV, the group allegedly targeted computer […] The post Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects appeared first on CryptoSlate.

Bitcoin margin longs dropped, but options and ETF flows point to strong bullish sentiment from professional investors. Key takeaways: Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days. $6.8 billion in long positions far outweight the current $25 million in shorts. Read more

The DOJ has charged 12 people aged 18-21, plus one older defendant, with a cyber racketeering scheme that netted $263 m in cryptocurrency. Prosecutors say the group laundered funds through mixers before converting them to cash for luxury cars, watches, rentals and $500 k nightclub tabs. The post DOJ Busts Crypto Ring: $263M RICO Scam Fueled Supercars, $500K Parties appeared first on Cryptonews.

Ethereum insiders pushed back on criticism of the network’s leadership and roadmap, arguing that the ecosystem is built for long-term value.