Crypto

Though Alex Mashinsky's sentencing was still pending, the US government said it did not oppose his voluntarily surrendering after his daughter's wedding. Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter’s wedding regardless of the outcome of his May 8 sentencing hearing. In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to travel from New York to Memphis, Tennessee, between May 26 and May 29 for his daughter’s wedding. The approval was available on the public docket as of May 8, but appeared to have been removed at the time of publication. Judge Koeltl will determine in a May 8 hearing whether Mashinsky serves prison time following a plea deal with prosecutors. Read more

Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.

Sei saw significant growth within its gaming and DeFi sectors in Q1 2025. Gaming was a major contributor driving network usage, as average daily transactions in the sector increased 79.8% QoQ to 354,000, outpacing all other categories. In DeFi, TVL (USD) increased 73.7% QoQ from $209.1 million to $363.1 million as new protocols like Sailor and Takara Lend launched and quickly gained traction. The quarter also saw exciting developments from Sei Labs, which achieved 5.4 gigagas per second, approximately 115,000 TPS, and 700 milliseconds time-to-finality in an internal devnet environment. This feat was achieved in pursuit of the Giga upgrade, which aims to offer a 50x improvement in throughput. Meanwhile, Sei Foundation established Sapien Capital, a $65 million venture fund focused on decentralized science (DeSci). On the community side, Sei continued to incentivize involvement through its Sei More Campaign, Sei Builders Fund, and Sei Creator Fund. Looking forward, users can continue to expect Sei to pursue its ...

Cryptocurrency's path to mass adoption hinges on user experience. Simplifying complex interactions and enhancing trust will unlock its full potential. Opinion by Jonathan Farnell, CEO of Freedx It’s 2025, and over 560 million people worldwide are already using cryptocurrency — roughly 17 times the population of Tokyo. That’s a vibrant community, yet for every user who’s embraced it, billions more stand on the sidelines, put off by the complicated interactions and clunky interfaces of protocols, platforms, decentralized apps (DApps), and mobile applications. Why? Blockchain technology offers game-changing potential — decentralized ownership, secure trades — but let’s face it: Most people still find it intimidating, risky, and confusing. User experience (UX) might just be the deciding factor in whether cryptocurrency achieves mass adoption or remains a niche segment. Take complexity. A 2024 Chainalysis report pointed out that 43% of would-be crypto users shy away from the technical tangle of private keys and ga...

Tokenization turns real-world assets into blockchain tokens, boosting efficiency, liquidity and accessibility. Learn about why Ethereum is the current leader in this space.

ETH, BCH and top memecoins are flashing bullish chart patterns.

LLMs that affirm delusions likened to “schizophrenia-seeking missiles,” Billionaire claims AI leaders prepping for chance AI kills 50% of us. In the last edition of AI Eye, we reported that ChatGPT had become noticeably more sycophantic recently, and people were having fun giving it terrible business ideas shoes with zippers, soggy cereal cafe   which it would uniformly say was amazing. The dark side of this behavior, however, is that combining a sycophantic AI with mentally ill users can result in the LLM uncritically endorsing and magnifying psychotic delusions. On X, a user shared transcripts of the AI endorsing his claim to feel like a prophet. “That’s amazing, said ChatGPT. That feeling clear, powerful, certain that’s real. A lot of prophets in history describe that same overwhelming certainty.” Read more

The market-maker, investor and asset manager aims to be a “one-stop shop for market participants,” says its Chief Strategy Officer. Riezman is a speaker at Consensus 2025 May 14-16.

After a period of muted price action and consolidation, Ripple has found support at the 100-day moving average, triggering a modest bullish rebound. However, the price remains confined between the 100 and 200-day MAs, making a decisive breakout essential for initiating a strong rally. XRP Analysis By Shayan The Daily Chart XRP has recently found […]

Following a notable increase in demand, Ethereum surged past the $1.8K resistance level. The price is now expected to extend its bullish trend toward the significant $2.1K resistance region, which aligns with the 100-day moving average. Technical Analysis The Daily Chart A surge in buying activity near the critical $1.5K support level triggered a strong […]

The long-awaited Pi Network (PI) listing may be imminent as a 2-month-old Binance wallet shows fresh activity, putting the $1 target back in focus. The post Is Pi Coin About to Get a Binance Listing? Test Transactions Fuel 11% Surge appeared first on Cryptonews.

The company's "Opening Bell" platform lets SEC-registered shares trade on-chain, bridging crypto and public equity markets.

The world's biggest crypto exchange will buy the world's leading options exchange.

Hut 8 increased its hashrate by 79% in Q1 2025 despite reporting a $134.3 million net loss, driven by major investments and the launch of its American Bitcoin subsidiary. Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year. According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this was a result of large-scale investments. “As reflected in our results, the first quarter was a deliberate and necessary phase of investment,” Genoot said. “We believe the returns on this work will become increasingly visible in the quarters ahead.” Read more

The current draft of the GENIUS Act elevates centralized entities in overseeing stablecoins. Democrats should take the right stand against it, says Hermine Wong.

The Bitcoin price surged past the psychologically important $100,000 mark on Thursday, spurred by optimism over fresh U.S. – China trade talks and renewed institutional demand. The post Bitcoin Price Breaks Back Above $100,000 as Trade‑Talk Optimism and ETF Inflows Ignite Rally appeared first on Cryptonews.

There were rumors on the matter in the past few months, but Coinbase confirmed the move earlier today.

Held explores how Bitcoin can move beyond the "digital gold" narrative, rebrand for the next wave of users and navigate new political and technological frontiers. Bitcoin (BTC) has long been branded as “digital gold,” a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoin’s stack, is it time for the narrative to evolve?  In this episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson speak with longtime Bitcoiner and entrepreneur Dan Held, who argues that Bitcoin’s next chapter may unlock broader functionality, from programmable use cases to more nuanced messaging that reaches far beyond crypto-native circles. With US President Donald Trump openly backing Bitcoin — and reportedly owning it himself — Held said he sees a regulatory and reputational change.  Read more

The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock.

Delayed rate cuts could be more aggressive when they happen, the investment bank said.