Crypto

Ethereum price could hit new all-time highs if AI adoption, spot ETH ETF inflows and the improvements of the Pectra upgrade move in the right direction. Key takeaways: A longer-term ETH price rally is dependent on SEC approval of in-kind ETF creation and staking to attract more investors. AI adoption and Ethereum layer-2 growth must drive onchain activity to restore the network’s deflationary burn mechanism. Read more

Shares of stock brokerage and crypto trading platform eToro closed 29% higher on Wednesday following its Nasdaq debut, settling around $67.

The “Trillion Dollar Security Initiative” seeks to address legacy systems' issues and support Ethereum developers. The Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of an ongoing push to strengthen Ethereum's role in programmable digital assets. Fredrik Svantes, a protocol security research lead, and Josh Stark from the Ethereum Foundation management team will be the initial co-chairs of the initiative. Three contributors to the Ethereum ecosystem — samczsun, Medhi Zerouali, and Zach Obront — will help guide the project. Called the Trillion Dollar Security Initiative, the effort seeks to analyze, improve, and communicate to Ethereum developers areas where security can be improved, including user experience, wallet security, smart contract security and infrastructure. Read more

Kinexys has settled a tokenized Treasury trade on Ondo Chain using Chainlink’s CRE, connecting JPMorgan’s private blockchain to a new public Layer 1. The Delivery-versus-Payment test has shown how cross-chain workflows can cut settlement risk and improve transparency for institutional investors. The post Kinexys Ignites TradFi-DeFi Shift with Landmark Tokenized Treasury on Ondo Chain appeared first on Cryptonews.

Telegram has removed thousands of Xinbi and Huione channels after analysts traced $8.4B in laundered USDT through these marketplaces. The move shows how encrypted messaging and stablecoins have fueled industrial-scale fraud and human-trafficking rings across Southeast Asia. The post Telegram Torches Chinese Crypto Laundering Hubs in $8.4B USDT Crackdown appeared first on Cryptonews.

Top-ranking House Democrats are requesting U.S. Treasury suspicious activity reports related to the Trump family’s crypto endeavors.

The senior presidential aide also defended the Trump family's crypto ties.

Stablecoin legislation has regained traction on Capitol Hill as Republican Bill Hagerty and Democrat Angela Alsobrooks have driven bipartisan talks on the GENIUS Act. The plan would mandate cash-backed reserves, audited data and federal oversight, with a vote targeted before Memorial Day. The post Stablecoin Bill Gains Steam on Capitol Hill amid Trump-Linked Crypto Firestorm appeared first on Cryptonews.

Spanish law enforcement has dismantled a sprawling underground financial network that allegedly laundered more than €20 million through crypto transactions for organized crime groups based in China and the Arab world, local media reported on May 14. The criminal ring, which police described as one of the largest clandestine crypto-banking operations uncovered in Europe, operated […] The post Europol, Spanish police dismantle ‘mafia crypto bank’ laundering funds across continents appeared first on CryptoSlate.

The 27-year-old was appointed chairman of Cantor Fitzgerald in February, shortly after his father was named Commerce Secretary by U.S. President Donald Trump.

“There is no investigation into us, as is unambiguously clear at this point,” Anchorage Digital CEO Nathan McCauley said on Wednesday at Consensus 2025 in Toronto.

The miner has been investing in pivoting to high-performance computing and expanding its US presence. Bitfarms clocked a first-quarter net loss of $36 million, widening from a $6 million loss in the same period a year earlier, as the Bitcoin miner pivots from mining to high-performance computing for artificial intelligence applications.  The miner posted $67 million in sales for the quarter ended March 31, up 33% from the year prior. However, gross profit margin for Bitfarm’s mining operations declined to 43% from 63% year-over-year, the company said in its first quarter earnings release.  The lower margins reflect pressure from Bitcoin’s (BTC) April 2024 “halving” as well as volatility in Bitcoin’s price. Halvings occur every four years and cut the number of BTC mined per block in half, reducing Bitcoin miners’ profitability.  Read more

The Bitcoin pioneer and Blockstream boss thinks BTC is undervalued.

UBS has reported that Asia’s billionaires have reduced reliance on the U.S. Dollar, directing funds toward cryptocurrencies, gold and Chinese sectors. Declining reserve dominance, tariff détente and expanding digital wealth tools have supported a 25 % gold rally and deeper allocation to Bitcoin. The post Asia’s Richest Ditch U.S. Dollars for Crypto, Gold and Chinese Assets, UBS Reveals appeared first on Cryptonews.

The latest reserve snapshot shows Binance holds 616,886 BTC, surpassing user balances by more than 12,000 BTC.

Futures have become the leading price discovery vehicles in the crypto markets, and Solana’s YTD tape clearly supports this. After spending most of 2024 unloading risk, taker flows on Solana’s perpetual futures flipped directions in the second half of January. On Jan. 18, the 90‑day cumulative volume delta (CVD) reached a low of −261.75. Since […] The post Solana derivatives flip long for 83 straight days, yet SOL sits nearly 30% below peak appeared first on CryptoSlate.

World Foundation Advisor Liam Horne spoke Wednesday at Consensus 2025.

Adrienne Harris says the financial services regulator she runs takes a “tough but fair" approach to digital asset companies. Adrienne Harris, the head of the New York State Department of Financial Services (NYDFS), said New York has an “outsized role to play” in the crypto ecosystem, particularly in shaping regulatory frameworks for digital assets. During a panel on May 14 at Consensus 2025 in Toronto, she said the NY estate is frequently asked to provide guidance on regulators. “With respect to federal regulation and legislation [...] members of Congress are often coming to us [NYDFS] asking about our process, about our regulations, about guidance, how they should be thinking about legislation,” Harris said. According to Harris, the NYDFS was “unnecessarily tough” and lacked resources in the past. Now, under her purview, she said the NYDFS is “tough but fair,” noting that the digital currency oversight team has since doubled in size. Read more

Shares of the stock and crypto trading platform had priced nicely above their expected offering price.

Stablecoin giant Tether's new QVAC AI platform takes aim at Big Tech and lets agents run independently, transacting in Bitcoin and USDT.