Crypto

The 22-year-old dev behind $LLJEFFY was discovered alive days after a viral suicide video and obituary drove the token to a $105M market cap.

The rally followed a U.K. trade deal announcement and record ETF inflows exceeding $40 billion.

Bears are nursing their highest losses over two years as majors surged as much as 20%.

The Bitcoin mining firm saw its earnings plummet as accounting rules forced it to face unrealized losses for its massive crypto holdings.

Commissioner Caroline Crenshaw criticized the agency’s settlement with Ripple, calling it a blow to investor protections and rule of law.

ETH outperforms CoinDesk 20 Index, as bulls comes back while BTC surges above $100k.

Bitcoin exchange inflows over the past month have been driven almost entirely by freshly moved supply, with minimal involvement from long-dormant holders. Nearly three-quarters of all daily deposits across major exchanges consisted of coins that had last moved less than 24 hours earlier, pointing to high-frequency repositioning activity rather than strategic distribution. This type of […] The post Bitcoin exchange inflows show heavy institutional activity, virtually no LTH selling appeared first on CryptoSlate.

Bitcoin surged past $103,000 as traders bet on Fed rate cuts, welcomed signs of institutional inflows, and reacted to easing trade tensions.

US Securities and Exchange Commission Commissioner Caroline Crenshaw says if approved, the settlement with Ripple would join the long line of dismissals that is slowly eroding the credibility of SEC lawyers in court. A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end the Ripple legal saga. The SEC and Ripple filed a joint settlement letter in a New York court asking for the August 2024 injunction against Ripple to be dissolved and $75 million of the $125 million in civil penalties held in escrow to be returned to the crypto firm, according to a May 8 statement from the SEC. SEC Commissioner Caroline Crenshaw blasted the pending deal in a May 8 statement, saying it would damage the regulators’ ability to keep crypto firms in line and undermine the court’s ruling. Read more

BTC nears $100k on trade news optimism. BTC exchange reserves dropping dramatically. Stripe introduces stablecoin financial accounts. Robinhood plans blockchain platform for trading. US banks can handle crypto custody assets: OCC. Revolut integrates BTC payments in Europe. Bailey raising $300m for BTC investment firm. Strive to move to BTC treasury. Metaplanet issues $25m bonds to buy BTC. ETH’s Pectra upgrade now live. Tether, Plasma collab on zero fee USDT transfers. Jupiter introduces transfers via link or QR code. Bybit’s BTC liquidity back to pre-hack levels. Tether treasury mints another $1bn USDT. $45m stolen from Coinbase users in last week. Moonpay collabs with TRON.

Cardinal Robert Prevost defied global betting markets to become the first U.S.-born pope, stunning gamblers and reshaping Vatican history.

Coinbase’s total revenue fell to $2 billion in Q1 as trading volumes across the market slowed, with net income falling dramatically as crypto prices slumped. Crypto exchange Coinbase’s total revenue fell 10% quarter-over-quarter to $2 billion in Q1, missing industry estimates by 4.1% as trading activity slowed across the market. Coinbase’s net income was sliced by 95% from a near-company record $1.29 billion in Q4 to $66 million, in a large part due to Coinbase marking a $596 million paper loss on its crypto holdings. The firm’s earnings per share of $1.94, however, managed to beat the Zacks Consensus Estimate of $1.85 for the quarter. Read more

Meta is exploring stablecoin-based payment infrastructure in a renewed effort to integrate blockchain technology into its platforms, Fortune reported on May 8, citing people familiar with the matter. According to the report, the tech giant is in preliminary discussions with multiple crypto firms to evaluate stablecoins as a mechanism for managing cross-border payouts. The discussions […] The post Meta exploring stablecoins for cross-border payouts in renewed crypto push appeared first on CryptoSlate.

Coinbase reported $2 billion in total revenue for the first quarter, compared to $1.6 billion in the first quarter of 2024. Meanwhile, the exchange posted $66 million in net income, compared to $1.2 billion, including unrealized gains of $737 million, during the same period last year. Coinbase reported $930 million in adjusted EBITDA for the […] The post Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down appeared first on CryptoSlate.

The Mistral Medium 3 delivers flagship performance, is cheap enough to make inroads in enterprise software, and rivals major competitors.

A senior Russian lawmaker says that intensifying tensions between India and Pakistan will spur a Bitcoin (BTC) price rise. The post Top Russian Lawmaker: India-Pakistan Tensions Will Drive up Bitcoin Prices appeared first on Cryptonews.

Zerebro founder Jeffy Yu was found alive and living at his parents’ house in San Francisco, confirming growing suspicions that the death was staged. Yu, whose livestreamed “suicide” set off a viral cascade of eulogies, a commemorative memecoin launch, and even a digital obituary, was confronted by reporters from the San Francisco Standard on May […] The post Reporters find Zerebro founder alive and breathing at parent’s house, confirming suicide was staged appeared first on CryptoSlate.

A judge this week dismissed most of the claims made in a lawsuit against celebrities like Tom Brady and Larry David for promoting FTX.

The EU plans to “record data on the senders and recipients of funds” to and from crypto-asset service providers, Paschal Donohoe said.

Publicity stunt master Justin Sun is finally blasting into space on Blue Origin — and you can join him. Vietnam’s new TradFi L1. Asia Express. Crypto exchange HTX (formerly Huobi) said it will send one user a $6 million ticket to blast off to space alongside Justin Sun in July 2025. The campaign will select five additional finalists to join seven previous winners to form a 12-person shortlist. One person will ultimately be chosen to participate in the commercial spaceflight. The exchange has actually been talking about doing this since 2021 when Sun was revealed as the winner of a $28 million auction for a ten minute trip into space. It’s unclear why the trip itself has been delayed so long, but scheduling conflicts have been cited. One bonus for Sun, is that he’s received four years of publicity about the very, very expensive promotion. The latest announcement comes amid renewed scrutiny of space tourism, following Blue Origins NS-31 mission in April that sent pop star Katy Perry, TV host Gayle King, and Jef...