Crypto

South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have claimed. The post South Korean Crypto Exchange Deregulation Plans Set to Rock Banking Sector appeared first on Cryptonews.

OpenAI CEO Sam Altman says AI use splits by generation, from a search tool for Boomers to a life assistant for Gen Z.

The US Securities and Exchange Commission postponed decisions on multiple crypto-related exchange-traded fund (ETF) applications on May 13, including those filed by Grayscale and BlackRock.  The delays extend the agency’s review timeline and align with expectations that it will grant no approvals before the final quarter of 2025. Grayscale’s proposed spot ETFs for Solana (SOL) […] The post SEC punts decision on crypto ETFs again, final rulings anticipated later in 2025 appeared first on CryptoSlate.

Ethereum continued its startling surge Tuesday, pushing its weekly jump to over 50% as Bitcoin rose alongside other top coins.

Twenty One Capital has purchased 4,812 Bitcoins (BTC) on May 9 for approximately $458.7 million, according to an 8-K Form filed with the US Securities and Exchange Commission (SEC). The acquisition, made at an average price of $95,319.83 per BTC, was executed in connection with a business combination agreement between Twenty One and Cantor Equity […] The post Twenty One Capital becomes top Bitcoin holder with $458.7M purchase ahead of public listing appeared first on CryptoSlate.

The popular U.S. Bitcoin ETFs have now accumulated over $41 billion worth of collective inflows, following a recent bounceback in demand.

South Korea's Democratic Party has launched a Digital Asset Committee of scholars, blockchain executives and regulators, making crypto policy a central election issue. The group seeks presidential authority and is drafting a Digital Asset Act on user protection and market growth. The post Is South Korea’s Digital Asset Committee About to Redefine Crypto Regulation? appeared first on Cryptonews.

Bitcoin price consolidates above $100,000 amid a “risk-on” market fueled by the US-China trade deal, falling inflation and optimistic investor sentiment indicators. Key Takeaways: Bitcoin price holds above $100,000, driven by "risk-on" sentiment after the CBOE Volatility Index (VIX) dropped to 20. The Bitcoin Bull Score Index surged to 80, and the Fear & Greed Index suggests growing optimism, with historical patterns indicating potential for further price gains. Read more

Senators Cynthia Lummis and Bernie Moreno asked Treasury Secretary Scott Bessent to "act swiftly" to change a definition in a law impacting digital asset taxes for US companies. Two US senators are calling on Treasury Secretary Scott Bessent to “exercise [the department’s] authority” and change a provision affecting taxes on corporate holdings of digital assets. In a May 12 letter, Senators Cynthia Lummis and Bernie Moreno suggested Bessent had the authority to change the definition of “adjusted financial statement income” under existing US law in a way that could reduce what digital asset companies pay in taxes. The proposed adjustment was suggested as a way to modify a provision of the Inflation Reduction Act, signed into law in 2022. “Our edge in digital finance is at risk if US companies are taxed more than foreign competitors,” said Lummis in a May 13 X post. Read more

Two US senators have requested that the Treasury Department intervene to prevent the corporate alternative minimum tax (CAMT) interpretation from penalizing US firms for unrealized gains driven by updated accounting standards. In a letter dated May 12, Senators Cynthia Lummis and Bernie Moreno asked Treasury Secretary Scott Bessent to issue regulatory guidance excluding unrealized gains […] The post US lawmakers warn Treasury on taxing US firms’ unrealized crypto gains appeared first on CryptoSlate.

CoinShares’s net profit dropped 42.2% year-over-year as harsh macroeconomic conditions affected the digital assets industry. CoinShares, a digital asset investment firm with offices in the United States and Europe, said its net profit fell to $24 million in the first quarter of 2025, a 42.2% decrease from the same period a year ago. Although CoinShares’s profits and EBITDA remained positive in Q1 2025, the margins declined compared to the same period in 2024. Last year, CoinShares posted a net profit of $41.5 million and an EBITDA of $35.5 million in the first three months. Year-over-year, CoinShares’s net profit dropped 42.2% and its EBITDA fell 15.5%. The firm’s ETPs contributed to the quarter's performance. For Q1 2025, CoinShares’s ETPs saw net inflows of $268 million, with $202 million coming from its Physical Bitcoin (BITC) ETP. Revenue related to assets under management increased from $24.5 million to $29.6 million, a rise of 20.8%. Read more

A Solana trader hit it big with Gooncoin, pulling nearly $190K in profits in less than a day as Solana meme coins catch fire again.

Eric Trump's involvement as co-founder and Chief Strategy Officer continues the Trump family's deepening crypto ventures.

Liquidity in crypto markets continues to lag behind traditional finance due to fragmentation, technical design differences, and exposure to external shocks, according to a new report from S&P Global. The study analyzed key liquidity metrics, volume, bid-ask spreads, market depth, and slippage, across centralized and decentralized trading venues for Bitcoin (BTC), Ethereum (ETH), and major […] The post Crypto liquidity lags behind traditional finance despite market efficiency gains – S&P Global appeared first on CryptoSlate.

The bitcoin treasury company made the purchase via Tether at an average price of $95,320 per BTC.

In an exclusive interview with Cointelegraph at the Futurist Conference, Coinbase Canada’s CEO disclosed a recent investment in Stablecorp and outlined plans for the local stablecoin market. Coinbase has partnered with Canadian stablecoin issuer Stablecorp in a bid to expand access to tokenized Canadian dollars, a company executive told Cointelegraph during the Blockchain Futurist Conference in Toronto. According to Coinbase Canada's CEO, Lucas Matheson, the exchange is investing an undisclosed amount in Stablecorp and will help market its fiat-collateralized stablecoin, QCAD. “It’s really important that we have a stablecoin for Canadians,” Matheson told Cointelegraph in an exclusive interview on May 13, adding that stablecoins are especially urgent because the country has “no peer-to-peer [payment] rail” and “wire transfers cost $45 and take 45 minutes of paperwork.” Read more

Publicly traded Bitcoin company Twenty One, which will launch via a planned merger, already has a BTC stash piling up—thanks to Tether.

Crypto policy leaders say the industry’s legislative agenda could evaporate if the GENIUS Act isn’t rescued from death’s door by Friday.

Solana’s rising TVL and fees support a potential SOL price rally to $200. Key takeaways: Solana's $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem. Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month. Read more