Crypto

While the top Democrat on the Senate Banking Committee argues for stablecoin limits, she and colleagues also questioned Binance's talks with Treasury.

XRP makes higher highs as it eyes $2.6 next. XRP Price Predictions to Watch This Week Key Support levels: $2.3, $2.0 Key Resistance levels: $2.6, $3 1. Buyers Return With the overall market heating up, XRP appears ready to make new highs and challenge the resistance at $2.6 next. Its most recent breakout saw the […]

The increase in Ether’s staking cap from 32 to 2,048 ETH could make the feature more attractive to institutional participants. Ethereum’s Pectra upgrade doesn’t pose a threat to decentralization, according to Mallesh Pai, senior research director at blockchain software firm Consensys, describing the update as a cleanup of the behind-the-scenes “busy work” currently handled by validators. During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards remain tied to how much ETH they hold, adding that larger validators don’t gain any new advantages under the upgrade: Pectra is Ethereum’s most extensive network upgrade since the Merge took place in September 2022. Pectra allows validators to stake as much as 2,048 ETH, up from the previous limit of 32 ETH. The new standard has raised community concerns about the risks of centralization on the network. Read more

Spot Bitcoin (BTC) exchange-traded funds (ETFs) traded in the US reached a new all-time high of $40.3 billion in lifetime flows on May 8, according to Bloomberg data. Bloomberg senior ETF analyst Eric Balchunas said lifetime net flows are the most critical metric related to ETFs to watch. He explained that this metric is “very […] The post Spot Bitcoin ETFs set lifetime flow record at $40.3B as price recovers appeared first on CryptoSlate.

Crypto governance has experienced a busy week: the SEC has opened tokenization discussions with Wall Street names like BlackRock and Nasdaq, Senate Democrats have questioned Donald Trump’s links to a meme coin and DeFi venture, and a long-awaited stablecoin framework has collapsed in a split vote. The post Weekly Crypto Regulation News Roundup: Trump’s Crypto Links Spark Ethics Concerns, Stablecoin Framework in Limbo appeared first on Cryptonews.

After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry. A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange. That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down. Read more

After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry. A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange. That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down. Read more

Google's AI system now flags suspicious notifications to protect Android users from falling victim to deceptive tactics.

CryptoQuant CEO Ki Young Ju has revised his earlier prediction that the Bitcoin (BTC) bull cycle had ended, citing a shift in market structure and significant inflows through exchange-traded funds (ETFs) that are helping to absorb sell pressure. In a May 9 social media post, Ju acknowledged his March forecast was premature and the current […] The post CryptoQuant CEO revises bearish market outlook, says cycle theory evolving with institutional inflows appeared first on CryptoSlate.

Cybersecurity researcher ZachXBT said they identified the wallet linked to the scam. Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said.  In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since been deleted.  But in 2023, law enforcement detained Sam Curry, a former Yuga Labs security researcher, at an airport as a suspect in the incident, ZachXBT said. Yuga Labs is the company behind the Bored Ape Yacht Club NFT collection.  Read more

Bitcoin price closely tracks global liquidity, but with tightening credit and rising volatility, its cycle may be nearing a turning point. Key takeaways: Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal. In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries. Read more

Scott Bessent has warned that the Senate’s May 8 failure to advance the GENIUS Act has left U.S. stablecoin regulation fragmented and could push digital‑asset development overseas, as Democrats cited AML and national security concerns in narrowly blocking the bill, threatening dollar dominance. The post Scott Bessent Slams 48-49 Senate Snub – Will GENIUS Act Failure Cost U.S. Crypto Crown? appeared first on Cryptonews.

Democratic senators have requested that the US Treasury and Justice Department investigate President Donald Trump’s crypto ties to Binance, Bloomberg News reported on May 9. According to the report, the lawmakers made the request in a letter sent to Treasury Secretary Scott Bessent and Attorney General Pam Bondi.  Details about oversight actions The letter, which […] The post Democrat Senators urge Treasury, DOJ to probe Trump’s crypto ties to Binance appeared first on CryptoSlate.

Viral Solana meme coins from last year—like Moo Deng, GOAT, and Peanut the Squirrel—are seeing massive gains as the market rebounds.

The exchange on Thursday said it was buying options exchange Deribit.

BTC hits $104k, first time $100k since Feb 7. ETH pumps 25%+ after Pectra upgrade. ETH turned deflationary again with Pectra. $800m shorts liquidated in 24 hours. BTC dominance may have peaked: Raoul Pal. Missouri to fully exempt tax on crypto gains. GENIUS Act fails to pass Senate vote. Strategy to release ‘Bitcoin Standard Model’. Strategy stock at YTD highs. Fidelity actively pitching BTC to CEOs. StanChart says BTC $120k target may be too low. Ripple SEC case is now finally closed. Meta in talks to create & deploy stablecoins. Coinbase to acquire Deribit for $2.9bn. Coinbase earnings miss expectations. Superstate to bring tokenised stocks to Solana. Celsius founder given 12 years in prison for fraud. Ramp plans corporate stablecoin-backed cards.

[PRESS RELEASE – Panama City, Panama, May 9th, 2025] Gate.io has released its latest Proof of Reserves report. As of May 8, the total value of Gate.io’s reserves stands at $10.865 billion, with a total reserve ratio of 128.57% and an excess reserve of $2.415 billion. Currently, the BTC reserve ratio is 137.69%, with an […]

Wellgistics Health, a publicly traded healthcare infrastructure firm, plans to accept payments in XRP and will add the token developed by Ripple Labs to its corporate treasury

Germany’s Federal Criminal Police Office and Frankfurt prosecutors have seized €34 million in mixed crypto from eXch and shut its servers, stating the privacy-centric swap service has processed large portions of the Bybit hack’s $1.4 billion haul and other funds linked to Lazarus Group and CSAM networks. The post eXch Crackdown: German Police Seize $38M Linked to $1.4B Bybit Hack appeared first on Cryptonews.

The crypto market soared past $3.27 trillion as Bitcoin reclaimed $100,000, Ether jumped 26% after the Pectra upgrade and Trump’s UK trade deal fueled bullish sentiment. The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week. Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC sentiment. This marked the third time BTC has broken through six figures since it reached the milestone on Dec. 5, 2024, and again on Jan. 20, ahead of US President Donald Trump’s inauguration.  The BTC rise coincided with Trump announcing a trade deal with the United Kingdom, which may include removing a 10% blanket tariff on all imports. Read more