Crypto

Things continue to not look so great for publicly traded Bitcoin miners. But look on the bright side: guess who's back with another stablecoin (maybe)?

Staking for Ether ETFs has been a hot topic in 2025, with Grayscale and Fidelity both filing for rule changes that would allow this functionality. Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry. According to a May 9 memo published by the task force, BlackRock sought to “[d]iscuss perspectives on treatment of staking, including considerations for facilitating ETPs with staking capabilities.” The company has previously said that Ether (ETH) exchange-traded funds, while successful, are less perfect without staking. Other crypto ETF issuers share that view. On Feb. 15, the New York Stock Exchange proposed a rule change to introduce staking services for Grayscale’s spot Ether ETFs. In April, the SEC delayed a decision on whether to approve or disapprove the rule change. BlackRock and Grayscale...

Prosecutors had sought 20 years, citing Mashinsky's $48M personal profits and unrepentant attitude toward defrauding retail investors.

Vice President JD Vance will speak at Bitcoin 2025 in Las Vegas later this month, one year after President Trump headlined in Nashville.

The vice president disclosed holding up to $500,001 in Bitcoin in August 2024, but seems to have taken a back seat to Donald Trump in pushing crypto policies at the White House. US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event. According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making him the first sitting US vice president to speak at a digital asset conference. Trump provided a pre-recorded video of himself from the White House to the organizers of the Digital Asset Summit in March — his first appearance at a crypto event since taking office in January — and spoke in person at the Bitcoin 2024 conference in Nashville while campaigning. Read more

Bitcoin bulls aim to flip the $100,000 level to support, and if they succeed, altcoins could rally. Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Read more

The mining company's losses mirror broader sector challenges, with tariffs, operating costs, and reduced block rewards weighing on profitability. Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025, further deteriorating from the same period last year. Revenue fell to $34.4 million from $42.4 million in the same period of 2024, according to the company's earnings report, published May 9. Cost of revenue rose sharply to $24.5 million, up from $14.4 million a year earlier. As a result, TeraWulf's cost of revenue accounted for 71.4% of total income from operations in Q1 2025, more than double the 34% recorded in the prior-year quarter. In Q1 2024, the company posted a net loss of $9.6 million. Read more

BlackRock representatives met with the US Securities and Exchange Commission’s (SEC) Crypto Task Force on May 9 to seek guidance on a range of crypto regulatory issues, including tokenization, staking, and approval frameworks for exchange-traded products (ETPs). According to the meeting memo, BlackRock reviewed its digital asset offerings, including the iShares Bitcoin Trust (IBIT), the […] The post BlackRock meets SEC Crypto Task Force to discuss tokenization, ETP rules appeared first on CryptoSlate.

Ripple CEO Brad Garlinghouse has expressed disappointment after the Senate fell one vote short of advancing the GENIUS Act, arguing the US is stalling on stablecoin clarity. The debate unfolds as Democrats question potential conflicts tied to Donald Trump-linked USD1 and $TRUMP tokens. The post Ripple CEO Slams 48-49 Senate Stall – Will Regulatory Void Cost U.S. Billions? appeared first on Cryptonews.

While the top Democrat on the Senate Banking Committee argues for stablecoin limits, she and colleagues also questioned Binance's talks with Treasury.

XRP makes higher highs as it eyes $2.6 next. XRP Price Predictions to Watch This Week Key Support levels: $2.3, $2.0 Key Resistance levels: $2.6, $3 1. Buyers Return With the overall market heating up, XRP appears ready to make new highs and challenge the resistance at $2.6 next. Its most recent breakout saw the […]

The increase in Ether’s staking cap from 32 to 2,048 ETH could make the feature more attractive to institutional participants. Ethereum’s Pectra upgrade doesn’t pose a threat to decentralization, according to Mallesh Pai, senior research director at blockchain software firm Consensys, describing the update as a cleanup of the behind-the-scenes “busy work” currently handled by validators. During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards remain tied to how much ETH they hold, adding that larger validators don’t gain any new advantages under the upgrade: Pectra is Ethereum’s most extensive network upgrade since the Merge took place in September 2022. Pectra allows validators to stake as much as 2,048 ETH, up from the previous limit of 32 ETH. The new standard has raised community concerns about the risks of centralization on the network. Read more

Spot Bitcoin (BTC) exchange-traded funds (ETFs) traded in the US reached a new all-time high of $40.3 billion in lifetime flows on May 8, according to Bloomberg data. Bloomberg senior ETF analyst Eric Balchunas said lifetime net flows are the most critical metric related to ETFs to watch. He explained that this metric is “very […] The post Spot Bitcoin ETFs set lifetime flow record at $40.3B as price recovers appeared first on CryptoSlate.

Crypto governance has experienced a busy week: the SEC has opened tokenization discussions with Wall Street names like BlackRock and Nasdaq, Senate Democrats have questioned Donald Trump’s links to a meme coin and DeFi venture, and a long-awaited stablecoin framework has collapsed in a split vote. The post Weekly Crypto Regulation News Roundup: Trump’s Crypto Links Spark Ethics Concerns, Stablecoin Framework in Limbo appeared first on Cryptonews.

After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry. A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange. That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down. Read more

After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry. A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange. That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down. Read more

Google's AI system now flags suspicious notifications to protect Android users from falling victim to deceptive tactics.

CryptoQuant CEO Ki Young Ju has revised his earlier prediction that the Bitcoin (BTC) bull cycle had ended, citing a shift in market structure and significant inflows through exchange-traded funds (ETFs) that are helping to absorb sell pressure. In a May 9 social media post, Ju acknowledged his March forecast was premature and the current […] The post CryptoQuant CEO revises bearish market outlook, says cycle theory evolving with institutional inflows appeared first on CryptoSlate.

Cybersecurity researcher ZachXBT said they identified the wallet linked to the scam. Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said.  In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since been deleted.  But in 2023, law enforcement detained Sam Curry, a former Yuga Labs security researcher, at an airport as a suspect in the incident, ZachXBT said. Yuga Labs is the company behind the Bored Ape Yacht Club NFT collection.  Read more

Bitcoin price closely tracks global liquidity, but with tightening credit and rising volatility, its cycle may be nearing a turning point. Key takeaways: Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal. In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries. Read more