Crypto

Your day-ahead look for May 8, 2025

The milestone comes as President Trump teased a "major trade deal" and Treasury Secretary Scott Bessent prepared for talks with China.

Doodles NFT sales volume nearly doubles in 24 hours, climbing to over $1.1 million as traders anticipate the project’s token airdrop and memecoin launch. Doodles’ non-fungible token (NFTs) sales surged by 97% in the last 24 hours as digital collectible traders anticipate the project’s token generation event and airdrop.  On May 8, data from CryptoSlam showed Doodles NFT sales topping $1.1 million, nearly doubling the previous day’s total. The spike placed Doodles in the third spot for daily NFT sales, following DMarket and Courtyard NFTs. Over the past week, Doodles recorded $2.6 million in total sales volume, up 368% from the week prior and ranking fifth among all NFT collections, according to CryptoSlam. Read more

Ambire and Trust Wallet are among the first wallets to support Ethereum’s Pectra upgrade (EIP-7702), enabling existing accounts to leverage account abstraction features. The Ethereum Pectra upgrade introduced a significant upgrade in account abstraction accessibility, with multiple wallets already implementing the change. Pectra introduced Ethereum Improvement Proposal (EIP) 7702, a change that Ivo Georgiev, founder and CEO of self-custodial smart wallet Ambire, described as “the single greatest UX upgrade to Ethereum so far.” Ambire is among the wallet providers that have already rolled out support for the new features since Pectra went live yesterday. Ambire’s announcement shared with Cointelegraph explains that EIP-7702 brings smart account functionality to existing user accounts, letting them temporarily act as smart contracts. This results in the advantages of account abstraction being accessible without creating new dedicated onchain addresses, rendering the transition of existing addresses possible. Re...

The firm has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of ADGM.

Analysts say they expect a 100 basis-point cut in 2025, with easing likely to start after July.

G7 leaders are expected to address North Korea’s crypto hacks, which have reportedly helped fund its weapons programs over the years.

Analysts told Decrypt traders see a “Trump put” under crypto, but warn the rally may falter without real policy follow-through.

Arizona becomes the first U.S. state to hold unclaimed crypto in its original form, following a veto on a separate crypto bill last week.

The OCC has reaffirmed national banks’ authority to manage and outsource crypto asset services, signaling a broader regulatory shift.

Stripe is rebooting its crypto strategy and deepening AI integration, debuting stablecoin accounts and a fraud-detection model.

Stripe unveiled a new AI foundation model for payments and expanded support for stablecoins and embedded finance. The firm made the announcement at its annual Sessions conference, where it introduced more than 60 product updates. The enhanced stablecoin integration comes more than six months after the firm acquired Bridge for $1.1 billion. AI foundation model […] The post Stripe unveils AI foundation model for payments and deeper stablecoin integration appeared first on CryptoSlate.

Coinbase's new open-source standard uses a once-forgotten status code to integrate stablecoin payments directly into websites and APIs.

The Dogecoin (DOGE) price, last around $0.17, is currently in the process of forming a “diamond bottom reversal” pattern, which one popular technical analysts thinks could signal a new uptrend for crypto’s biggest meme coin. The post Dogecoin Price Prediction: Diamond Bottom Pattern Points to Explosive DOGE Upside appeared first on Cryptonews.

After a 1,700% rally tied to its Solana holdings, the firm says the split will boost liquidity and broaden investor access.

Binance founder Changpeng Zhao confirmed he applied for Donald Trump to pardon his money laundering conviction after denying earlier reports that he’d done so. Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one. Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he “wouldn’t mind” a pardon and that his lawyers have already filed the paperwork on his behalf “I got lawyers applying,” Zhao said, adding that he submitted the request after Bloomberg and The Wall Street Journal reported in March that he was seeking a pardon from Trump amid discussions of a business deal between the Trump family and Binance.US. Read more

The US Treasury could experience a surge in demand for government debt from the digital asset sector, potentially reaching $2 trillion over the next several years, according to Treasury Secretary Scott Bessent. Bessent made the statement during a House Financial Services Committee hearing on the global financial system, where he emphasized the growing financial relevance […] The post Treasury Secretary Scott Bessent sees stablecoins creating $2T in demand for government debt appeared first on CryptoSlate.

South Korean crypto exchanges are “worried” they may be hit with a commission fee cap following recent comments from Lee Jae-myung, the frontrunner in the nation’s presidential race. The post South Korean Crypto Exchanges Fret Over Commission Fee Cap Fears appeared first on Cryptonews.

Robinhood is reportedly working on blockchain infrastructure that will enable European retail investors to trade US securities, Bloomberg News reported on May 7. According to the report, the brokerage platform is exploring a partnership with a digital asset firm to support the initiative and is considering Arbitrum and Solana as potential blockchain layers. People with […] The post Robinhood reportedly considering Solana, Arbitrum for new blockchain securities platform in Europe appeared first on CryptoSlate.

A group of pro-crypto Democrats appears close to supporting the GENIUS Act once more. The stablecoin bill could face a vote as soon as tomorrow.