Crypto

Although DeFi accounts for over half of onchain activity, the data remains cumbersome and difficult to understand for ordinary users, according to Validation Cloud. Artificial intelligence platform Validation Cloud has launched a new large language model on the Hedera network, potentially giving decentralized finance users the ability to reach blockchain data in a more accessible way. The Mavrik-1 AI engine has been deployed on Hedera, with several other planned integrations expected during a public rollout later this year, Validation Cloud’s team told Cointelegraph.  The AI engine is designed to allow users to interact with DeFi protocols and access blockchain data through natural language queries without needing technical expertise or knowledge.  Read more

The task force, headed by Commissioner Hester Peirce, was launched the day after US President Donald Trump took office in January. US Securities and Exchange Commission (SEC) Chair Paul Atkins appeared before lawmakers in one of his first hearings since taking the reins at the financial regulator, addressing questions about his plans for the cryptocurrency industry. In a May 20 hearing discussing oversight of the SEC, Atkins reiterated his pledge to make regulating digital assets a “key priority” while chair. In response to questions from North Carolina Representative Chuck Edwards, the SEC chair did not directly answer how much of the regulator’s funds were used to support the crypto task force headed by Commissioner Hester Peirce, and said its findings were “still under development.” “We should be having something here in the next few months with proposed steps forward,” said Atkins, referring to the task force’s first report.  Read more

DCG, CEO Barry Silbert and others withdrew billions of dollars from the company they knew was failing while keeping customers in the dark, according to the lawsuits.

Elizabeth Warren has cautioned that Senate passage of the GENIUS Act, championed by President Trump, would expand the USD1 stablecoin and hand the president oversight of it, a combination she says imperils U.S. financial stability, national security, and consumer protection. The post Warren Slams GENIUS Act as “Crypto Corruption” Bill, Warns of Trump Profiteering and Financial Collapse appeared first on Cryptonews.

Ripple could expand its presence in the stablecoin market in a major way, with reports that it is in the running to acquire the second-largest issuer: Circle.</p> The post XRP Price Prediction: Ripple-Circle Stablecoin Deal Rumors Emerge – $1,000 XRP Incoming? appeared first on Cryptonews.

The stablecoin, initially for institutional investors, follows the launch of SG Forge’s euro stablecoin, EURCV.

ETH leads Majors, SOL ETFs Delayed, Bybit allows Stock Trading FOMO HOUR EP361 BTC pulls back from 106k, ETH leads majors. BTC becomes 6th most valuable asset in the world. BTC ETF inflows surge as basis trade nears 9%. SEC delays SOL ETFs, cites various issues. AAVE leads altcoins as TVL breaks $30bn. Bybit allows users to trade top stocks with USDT. GENIUS Act moves to full vote in senate. Strategy buys $765m more BTC. Lawsuit alleging deception filed against Strategy. DigiAsia to raise $100m to buy BTC. JPM will not hold BTC in custody: Dimon. Cramer recommends BTC as a hedge for US debt. DoJ investigating Coinbase on data theft. Circle shopping itself to Coinbase and Ripple pre-IPO. SOL made up 50%+ of all L1 revenue in past week. Alpenglow to bring 100x latency improvement to SOL. Dorsey wants BTC to be valued in Satoshis. Revolut to invest EUR 1b in France. Binance seeks to dismiss $1.7bn FTX lawsuit. FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto a...

Tracking average exchange withdrawal prices reveals signs of capitulation and a shift toward recovery.

The Argentine president has faced a major backlash after promoting a token with all the characteristics of a classic crypto pump-and-dump. Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero.  The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo Libarona, government documents revealed.  “The Research Task Unit is dissolved” after completing its mandate, the translated version of the decree read. Read more

Market sentiment shifts as XRP faces critical support test amid global economic uncertainties and upcoming token unlock.

Bitcoin’s highest weekly close, Moody’s downgrades US, mini-crash hits alts - FOMO HOUR EP360 Crypto has mini-crash after BTC hits $107.1k. BTC weekly close at $106.5k, highest in history. US Senate may vote on GENIUS Act today. Basel Medical Group may buy $1bn BTC. Metaplanet buys another $104m BTC. Fed Bank of NY, BIS testing smart contracts. Alt season in summer or early 3Q: Hayes. 14 US states hold $632m of Strategy stock. Fifth Third to expand further in crypto. Crypto whales ramping up security: Bloomberg. France offers crypto entrepreneurs extra security. MetaMask to support SOL from this month: CEO. Phantom launches its SOL LST product (PSOL). DeFi Development Corp up 75% after BONK collab. Former Celsius CEO gets 12 years in prison. Blum co-founder arrested in Russia for fraud. UK asks crypto firms to report user, transaction data. 00:00:00 Recap of a Busy Weekend and Events 00:02:56 Latest Updates on Crypto Market Trends 00:06:09 Rising Bond Yields and Fiscal Concerns 00:09:26 Market Speculations an...

Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative […] The post Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative appeared first on CryptoSlate.

The country's Department of Justice claims the investigative unit has fulfilled its purpose.

KULR has boosted its Bitcoin treasury strategy, adding another $9M to reach 800.3 BTC worth $78M. The firm has reported a 220.26% BTC Yield year-to-date, describing the metric as a gauge of digital-asset growth against its fully diluted share count. The post KULR Tech Adds $9M Bitcoin, Treasury Swells to 800 BTC – Next MicroStrategy? appeared first on Cryptonews.

"DOGE seems like it's about to absolutely explode to the upside," one X user suggested.

Bitcoin price holds above $104K as accumulation heats up and rare RSI patterns emerge. Analysts see $120K on the horizon—here’s what to watch next. The post Bitcoin Price Prediction: This Rare Pattern Just Flashed — Could $120K Come Sooner Than Anyone Thinks?  appeared first on Cryptonews.

XRP’s market capitalization increased 2% QoQ, significantly outperforming the combined market capitalization of BTC, ETH, and SOL, which declined by 22% QoQ. The XRPL EVM Sidechain went live on testnet on March 31 and is scheduled for mainnet launch in Q2. Separately, a timeline has been released to introduce native smart contracts on the XRPL. The first step in this effort is the introduction of Extensions, a feature that allows developers to attach code to existing XRPL primitives to enhance their functionality without entirely new smart contracts. An amendment to enable Smart Escrows (the first Extension) is intended in Q3, while a full Smart Contract devnet is intended in Q4.

The crypto industry's value debate often pits blockchains against DApps, but market trends and infrastructure realities show blockchains remain the foundational layer driving long-term growth. Opinion by: Hatu Sheikh, founder of Coin Terminal Although blockchains and DApps are critical, crypto industry stakeholders often prioritize applications based on adoption principles and revenue distribution. DApps won't function without their underlying chains. The markets must uphold blockchains for long-term value generation. Blockchains and DApps should work collaboratively to coordinate their functions for better usability. Instead, analysts create a binary between chains and DApps based on Web2's structural frameworks. Read more

In the first quarter, U.S. retirement funds in California and New York, among other states, bought MicroStrategy shares.

Dogecoin (DOGE) has dropped by 3% in the past week and currently sits at $0.2205 as the meme coin rally has cooled down a bit after days of strong price upticks and above-average trading volumes.$1.8 billion worth of DOGE has exchanged hands in the past 24 hours, resulting in a 37% decline in trading volumes […] The post Dogecoin Price Prediction: Whale Dumps 170 Million DOGE Tokens But Here’s Why a Hidden Move to $1 Could Be Coming appeared first on Cryptonews.