Crypto

Just days after DeGods founder Frank said he was departing as CEO, his Solana wallet was compromised and 16 NFTs were sold off.

US District Judge Analisa Torres denied a joint motion filed by the Securities and Exchange Commission (SEC) and Ripple for a proposed settlement to resolve the ongoing enforcement action over the sale of XRP.  Issued on May 15 and shared on X by lawyer James Filan, the denial does not terminate the parties’ settlement efforts […] The post Court denies SEC, Ripple settlement motion after finding procedural misstep appeared first on CryptoSlate.

Solana price hit resistance at $180, but soaring network activity and a megaphone chart pattern could catalyze a move to $210. Key Takeaways: Solana formed a megaphone chart pattern with a potential $210 price target. Solana’s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions. Read more

House Democrats have asked Treasury Secretary Scott Bessent to unseal suspicious activity reports dating from January 2023 that involve Trump-branded crypto tokens, World Liberty Financial, WinRed and America PAC, saying transparency is needed to assess influence-peddling and national-security concerns. The post House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30 appeared first on Cryptonews.

Telegram’s founder Pavel Durov has taken direct aim at Meta-owned WhatsApp, calling it a “cheap copycat” and accusing it of launching smear campaigns against his platform. His May 15 comments accompanied the announcement of a new $50,000 contest to showcase Telegram’s features. The competition will run until May 26. ‘Watered-down’ Durov said the contest will showcase […] The post Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority appeared first on CryptoSlate.

A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing "major victories" in the Senate negotiation.

A new draft of the GENIUS Act is being touted by Democrats as containing major concessions. The bill may receive a new floor vote in the coming days.

Swiss lender UBS, which manages over $1 trillion in assets, said wealthy clients have begun allocating up to 5% of their portfolios to crypto as a way to hedge against inflation and currency volatility. According to the Swiss bank’s 2025 Global Investment Returns Yearbook, affluent investors are diversifying beyond traditional assets by investing in Bitcoin […] The post UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise appeared first on CryptoSlate.

FTX has announced that distributions under its Chapter 11 plan will resume on May 30 2025. Eligible creditors in several claim classes who have completed KYC, tax submissions and onboarding with BitGo or Kraken have been set to receive cash payouts of 54-120 % within three business days. The post FTX to Deliver Up to 120% Creditor Payout in May 30 Second Distribution Wave appeared first on Cryptonews.

Bitcoin’s failure to break above $106,000 could be an early sign that a price reversal is beginning. Bitcoin's 36% rebound from $74,500 runs into resistance at $106,000. Bid-side liquidity is staking up on the downside near $93,000. Bitcoin (BTC) price has rebounded by 36% from its April 9, five-month low at $74,500. However, its failure to decisively break above $106,000 has sparked concerns about whether a sharp correction is possible in the coming days. Read more

The investigation began under former SEC Chair Gary Gensler and has continued under the current administration, according to the NYT, which first reported the story.

Elliptic has traced more than $27 billion in illicit USDT through Haowang Guarantee, a Telegram-based laundering hub linked to Cambodia’s Huione Group and North Korea’s Lazarus hackers. Although Telegram has blocked related accounts, over 30 comparable underground marketplaces remain operational. The post Telegram Crackdown Halts $27B Haowang Guarantee – Dark Markets Persist appeared first on Cryptonews.

Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […] The post How an insider-led breach sparked a costly scam at Coinbase appeared first on CryptoSlate.

He became interested in cryptocurrency when politics connected the Trump family with the crypto community.

Heightened volatility sends LTC tumbling from recent highs as traders eye key support levels

At Consensus 2025, Ethereum co-founder Anthony Di Iorio reflects on the blockchain’s early days.

Multichain has entered liquidation after Singapore’s High Court granted Sonic Labs’ petition on May 9 2025, appointing KPMG partners as liquidators. The order follows a default ruling over a 2023 breach that has moved $210 million out of user wallets across several networks. The post Sonic Labs Secures Court-Ordered Multichain Liquidation After $210M Hack, Users Await Repayment appeared first on Cryptonews.

One X user thinks NEIRO shows "probably the most strength across the market."

The ETH/BTC ratio mounted a comeback in May, reversing months of Ethereum‘s relentless underperformance against Bitcoin. After reaching an 11-month low of 0.01805 on April 21, ETH/BTC surged to 0.02501 by May 15, marking a 38.6% recovery in less than a month and a 17% rise in the past seven days. The sharp ascent marks […] The post ETH-BTC rebounds 38% from April low in first real rally of 2025 appeared first on CryptoSlate.

Crypto industry observers in Canada are concerned that their industry is being left behind without a clear framework for stablecoins. The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after the FTX debacle that shook markets and turned many lawmakers against the crypto industry. Regulating stablecoins as a security has seen few local stablecoin issuers arise, but in the United States and the European Union, softening regulations have seen significant growth in the stablecoin market. This makes Canada, observers say, less competitive with other jurisdictions.  Read more