Crypto

AlAbraaj Restaurants Group, a publicly listed Bahraini catering firm, has adopted a Bitcoin treasury strategy with plans to expand into Sharia-compliant finance. A Bahrain-based, listed catering company with a $24.2 million market cap has adopted a Bitcoin treasury strategy in partnership with investment firm 10X Capital. According to a May 15 announcement, AlAbraaj Restaurants Group partnered with 10X Capital to adopt a Bitcoin (BTC) treasury strategy similar to top corporate BTC holder Strategy (previously known as MicroStrategy). The firm also aims to explore Sharia-compliant access to Bitcoin for the Islamic world. “Our initiative to become a Bitcoin treasury company reflects our forward-looking approach and our commitment to enhancing shareholder value,” said Abdullah Isa, head of AlAbraaj’s Bitcoin Treasury Committee. Read more

DeCharge is building a decentralized EV charging network that enables individuals and small businesses to host internet-connected chargers and earn usage-based and tokenized rewards. The system integrates blockchain coordination, geospatial deployment tools, and incentive mechanisms to expand infrastructure access, particularly in underserved regions. Backed by a $2.5 million seed round led by Lemniscap in March 2025, DeCharge has formed partnerships with DePHY and GEODNET and is exploring the use of microchain infrastructure (e.g., Linera) to support high-frequency data processing. Early deployments have logged over 1.3 million charging minutes and have begun to validate the network’s incentive design and ROI model for node operators. Looking ahead, DeCharge plans to scale its charger network, launch a second-generation AC unit with integrated energy storage, and introduce its native token to support a peer-to-peer energy marketplace.

Balkan criminal networks are routing tens of millions of euros via crypto wallets, GI-TOC researchers told Decrypt.

Bitcoin can ride international macro tailwinds all the way to seven figures in just three years, says former BitMEX CEO Arthur Hayes. Key points: US Treasurys and foreign capital “repatriation” make a recipe for $1 million BTC, says Arthur Hayes. Europeans face tightening capital controls, inviting a recommendation to take back control of personal funds. Read more

Once a staunch Bitcoin critic, famed short-seller Jim Chanos now sees an arbitrage opportunity by shorting Strategy stock and buying BTC. Prominent short-seller Jim Chanos, once a vocal critic of Bitcoin and cryptocurrencies, revealed a new trading play that involves shorting shares of Strategy (formerly MicroStrategy) and buying Bitcoin. At the Sohn Investment Conference in New York, Chanos told CNBC he’s “selling MicroStrategy stock and buying Bitcoin.” The investor described the move as buying something for $1 and selling something for $2.50, referring to what he sees as a significant price mismatch. Chanos argued that Strategy is selling the idea of buying Bitcoin (BTC) in a corporate structure, and that other companies are following suit in hopes of receiving a similar market premium. Read more

Stablecoins can streamline collateral management systems in TradFi, but financial institutions may need more straightforward regulatory guidelines for adoption. Cryptocurrencies and stablecoins are gaining recognition in the traditional finance (TradFi) space for their ability to streamline payments and increase efficiency in existing financial systems In finance, collateral management refers to the process of managing the underlying collateral securing other financial transactions, such as loans or derivatives, to mitigate credit risks and ensure smooth transactions. Digital assets like stablecoins are the “perfect” financial instrument for real-time collateral management, according to a recent pilot by DTCC Digital Assets, which suggests that digital assets, particularly stablecoins, could modernize and simplify this critical function. Read more

Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme. The exchange expects up to $400 million in reimbursement and remediation costs. Coinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said. According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data. “These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected. Read more

Telegram banned thousands of accounts linked to the black market, formerly Huione Guarantee—but spin-offs are already filling the void.

CoreWeave's Q1 revenue surged fivefold to $981M, but widening losses and $23B in projected spending raise concerns over profitability.

MoonPay has tapped Mastercard to launch global stablecoin card services, expanding the card giant's crypto push amid competition with Visa.

If signed by the Governor, Nebraska's bill would take effect this October, regulating crypto miners using over 1 MW of electricity.

The Ethereum Foundation has launched a three-phase initiative to strengthen network security and support broader onchain adoption.

Crypto and stock trading platform eToro closed its first day of public trading up 28.9% after it jacked up its IPO at the 11th hour. Crypto and stock trading platform eToro has seen its share price gain nearly 30% during its debut on the Nasdaq after the company made a last-minute boost to its initial public offering. Shares in eToro Group Ltd (ETOR) closed May 14 trading at $67, up 28.9% from its initial offering price of $52, according to Yahoo Finance. It brings the company’s market value to over $5.5 billion. Its stock price shot to a high of $74.26 during the trading day before cooling and has also slightly dipped by 0.7% after the bell to $66.53. Read more

Many crypto startups are losing out on venture capital opportunities due to their valuation-to-revenue ratios being excessively high, an industry executive said. Too many crypto startups are pricing themselves out of venture capital funding by chasing valuations far exceeding their revenues, according to Dan Tapeiro, the CEO of crypto-focused venture capital firm 10T Holdings. “For some reason, founders and CEOs think that they should be raising capital at 50 to 80 times revenue. So that makes it very hard for us to make a return for our liquidity providers,” Tapeiro said while speaking in a panel discussion at the Consensus conference in Toronto on May 14. 10T Holdings has passed on over 200 companies for similar reasons, including the now-bankrupt FTX, BlockFi and Celsius, Tapeiro said.  Read more

Elon Musk’s AI chatbot Grok is inserting off-topic “white genocide” claims into user queries, sparking backlash among users.

The Rideshare firm began sourcing map data from a Hivemapper-powered platform last year, Decrypt has learned.

Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million in the same period a year earlier, due to reduced gains on derivatives and warrant revaluations.  Bitfarms said in its latest Management’s Discussion and Analysis of the first quarter performance that the lower financial income contributed to […] The post Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M appeared first on CryptoSlate.

Retail investors have been the biggest net sellers of Bitcoin throughout 2025, but this might change once BTC hits new price highs. Key takeaways: Google search data and app rankings show retail Bitcoin investor demand near 6-month lows. Retail investor interest typically peaks 1 week after BTC breaks all-time highs. Read more

Asprey Studio’s 11 sterling silver sculptures based on Albrecht Dürer’s 1514 print will be paired with Bitcoin Ordinals inscriptions.

Russian power engineers say they have developed new methods to help them track down and prosecute illegal crypto miners operating in areas prone to electricity shortages. The post Russian Power Engineers Develop New Solutions to Hunt Illegal Crypto Miners appeared first on Cryptonews.