Crypto

In Q1 2025, DeFi TVL decreased 64% QoQ to $6.6 billion, though TVL (SOL) rose 18%, maintaining Solana’s rank as the second-largest network by DeFi TVL. Chain GDP increased 20% QoQ as applications earned $1.2 billion, driven largely by speculative activity in January during the TRUMP token craze. DeFi saw an extremely active quarter as average daily DEX volume (USD) increased 40.8% QoQ to $4.6 billion, and the stablecoin market cap increased 145.2% to $12.5 billion. Network usage saw mixed results as average daily non-vote transactions grew 17% QoQ, while average daily fee payers declined 22%. The liquid staking rate increased from 9.1% to 10.4%, led by continued growth in Jito’s jitoSOL product. Infrastructure developments included the widespread adoption of the Agave V2.0 client and early mainnet deployment of Firedancer components. Governance votes on reward distribution and inflation mechanisms reflected increased stakeholder participation. Financially, SOL’s market cap fell 30% QoQ to $64 billion. Externa...

Coinbase faces a $400 million phishing bill after cybercriminals managed to bribe overseas support agents to expose the personal data of the exchange’s users. News broke on May 15 that Coinbase was the target of a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data for social engineering scams. While less than 1% of Coinbase’s active monthly users were reportedly affected, the expected remediation and reimbursement expenses range from $180 million to $400 million, as the exchange pledged to repay all phishing attack victims. Despite the attack on the world’s third-largest cryptocurrency exchange, investor sentiment remains optimistic, with the Fear & Greed Index remaining firmly in the “Greed” zone above 69, according to CoinMarketCap data. Read more

The integration, initially supporting Ethereum and BNB Chain, addresses cross-chain security concerns and aims to expand USD1’s reach, the firms said.

Her departure will leave the CFTC with just two commissioners, at least until new chair Brian Quintenz is confirmed by the Senate and sworn in.

Saudi Arabia's Central Bank has confirmed a 25,656-share purchase of Strategy, mirroring Norway’s wealth-fund playbook and giving the Kingdom indirect exposure to 568,840 Bitcoin, valued near $60 billion. The step coincides with Saudi leadership of MENA’s crypto growth despite sparse domestic rules. The post Saudi Central Bank Secures $60B Bitcoin Exposure via Strategy Stake appeared first on Cryptonews.

Coinbase user Data Hacked, FTX Repayments Coming, Bond Yields soar FOMO HOUR EP359 Hackers demand $20m after Coinbase data hacked. SEC probes Coinbase on inflating user numbers. FTX to begin $5b distribution on May 30. Wisconsin Investment Board exits BTC ETF. China’s DDC Enterprise to adopt BTC reserves. China’s Addentax to buy 8k BTC. Brazil’s Meliuz buys $28.4m BTC for reserve. BTC to $1m, altcoins with products will win: Hayes. BTC has more upside potential than gold: JPM. SEC releases FAQs on broker-dealer transfer rules. BlackRock integrates BUIDL with Euler. Sonic Labs to liquidate Multichain Foundation. Nasdaq grants extension on 21Shares DOT ETF. ADA ETF approval 55% likely this year. Tether’s freeze mechanism has loophole: AMLBot. US DoJ indicts 12 for $263m crypto theft. US DoJ to charge Tornado Cash’s Roman. CoinMarketCap launches Pre-TGE project launchpad. FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Ma...

Bitwise chief investment officer Matthew Hougan said that a Bitcoin supply shock is coming, driven by heightened demand from institutions. Matt Hougan, chief investment officer at Bitwise, predicts Bitcoin (BTC) will reach $200,000 by the end of 2025 due to a supply shock from heightened institutional demand. In an interview with Cointelegraph at Consensus 2025 in Toronto, the executive said that Bitwise's Bitcoin price prediction model is driven exclusively by supply and demand metrics. Hougan laid out the specific figures driving the forecast: "I think eventually that will exhaust sellers at the $100,000 level where we have been stuck, and I think the next stopping point above that is $200,000," the executive said. Bitwise is one of the issuers of Bitcoin exchange-traded funds (ETFs) in the US markets, with nearly $4 billion in assets under management through its Bitwise Bitcoin ETF (BITB) as of May 14. Read more

Tron's blockchain processes over $1 billion in daily transactions despite price consolidation.

TRX's price stands well above $0.27.

The real estate tech enterprise turned Solana-focused public company now holds 609,190 SOL tokens worth over $107 million.

Crypto regulation has tightened worldwide: SEC Chair Paul Atkins has pledged a coherent rulebook, Gibraltar and Bullish have introduced a regulated derivatives regime, and bipartisan US lawmakers have questioned tax rules, stablecoin standards and Trump-linked dealings. The post This Week in Crypto Regulation News: SEC Rethink, Gibraltar Leap, Trump Probe Roils Capitol appeared first on Cryptonews.

Panama City Mayor Mayer Mizrachi stirred speculation about a possible Bitcoin reserve after a cryptic post on his official X account on May 16. In the post, Mizrachi wrote: “Bitcoin reserve.” The cryptic post followed his meeting with Max Keiser and Stacy Herbert, two of the key architects behind El Salvador’s Bitcoin policy. Keiser currently […] The post Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors appeared first on CryptoSlate.

The GENIUS Act's failure to move to a full vote is "a bump in the road" and it will pass "in the next few weeks," says Cody Carbone, CEO of the Washington, DC,-based advocacy group. The stalling of key stablecoin legislation in the United States Senate was a minor setback, and the bill will pass in the coming weeks, said Cody Carbone, CEO of Digital Chamber, a Washington, DC,-based blockchain trade association and advocacy group. Speaking to Cointelegraph at Consensus 2025, Carbone argued it is in the best interests of the US to pass comprehensive stablecoin regulations to protect US dollar hegemony in global markets, which has bipartisan appeal and support. Carbone said: The Guiding and Establishing National Innovation in U.S. Stablecoins of 2025, or GENIUS Act, is seen as a critical piece of legislation. Failing to pass comprehensive regulatory reform before the midterm elections in 2026 could mean a reversal in the positive regulatory environment and a downturn in the crypto markets. Read more

Pi Network ($PI) may be cooling off from a recent rally, but several key announcements are likely to push its price up to $2.50 by summer. On Wednesday, the Pi community announced a major ecosystem update Wednesday, which could fuel the next leg of the rally. The Pi Network Ventures initiative, which has $100 million […] The post Pi Network Price Prediction: Is PI About to Pump As Founder Takes the Stage at Consensus, Big Announcements Coming?  appeared first on Cryptonews.

A meeting was held with Minister of the Interior Bruno Retailleau, Director General of the National Police and Gendarmerie and industry representatives.

The Bitget price has jumped by 7% in the past 24 hours, but will yesterday's Coinbase hack send its price even higher this weekend? The post Bitget Price Prediction: Bitget Token Pumps Above $5 On Coinbase Hack News, What’s Next? appeared first on Cryptonews.

WIF and PI are among the top gainers in the past week as reports for an upcoming altseason get traction.

Sen. Richard Blumenthal had written letters to Trump-affiliated executives, asking about their businesses, and WLFI called some of his assertions inaccurate.

In Part 3 of our DePIN Tokenomics series, we dissect the structural drivers shaping valuations across DePIN protocols. By comparing Digital Resource Networks (DRNs) and Physical Resource Networks (PRNs), we explore how fundamentals like revenue generation, capital intensity, and scalability models contribute to valuation gaps between the two categories. However, our analysis reveals that liquidity access, particularly via major centralized exchange listing, often plays an even more decisive role, driving valuation premiums that cannot be fully explained by fundamentals alone. This report provides a framework for understanding how these dynamics interact and offers key insights for founders and investors navigating the evolving DePIN landscape.

In an interview ahead of Consensus 2025 in Toronto, Cook said the fitness app is seeing strong growth in Africa and Southeast Asia.