Crypto

Everything is in place in order for Bitcoin to rally to new heights this year, said crypto entrepreneur Arthur Hayes.

Stablecoin demand is on the rise, with market capitalization surpassing $231 billion in May 2025. Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform's clients "to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works." The product's technical page shows that the new account feature will support Circle's USDC (USDC) and Bridge's USDB (USDB) stablecoins. Stripe acquired the Bridge platform in October 2024. The product will be available to clients in more than 100 countries, including Argentina, Chilé, Turkey, Colombia, and Peru, among others. Read more

Payments giant Visa has made a strategic investment in stablecoin infrastructure startup, BVNK—its second crypto move in recent days.

Bitcoin (BTC) remains in a technically critical zone controlled by short-term holders despite its recovery to nearly $98,000, which has eased financial stress across the network, according to a May 7 report by Glassnode. The report highlighted recent market behavior pointing to improved capital inflows and investor sentiment. Additionally, it warned that the current price […] The post Bitcoin recovers but market still on edge with short-term holders near breakeven appeared first on CryptoSlate.

The company has obtained a brokerage license in Lithuania as part of its planned expansion into the European market. Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities. According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company's local presence by offering trading of tokenized securities, such as stocks. Two crypto firms, Arbitrum and the Solana Foundation, are reportedly vying to become partners in the project. Tokenization is the process of turning real-world assets, like stocks, real estate, or commodities, into digital tokens that can be traded on a blockchain. Read more

Financial Times has alleged coordinated trading after 24 wallets spent $2.6 m on $MELANIA less than three minutes before Melania Trump revealed the token on Truth Social, a move that has delivered about $100 m in gains and intensified Senate probes into President Trump’s crypto fundraising. The post $MELANIA Lightning Buy Nets Traders $100M in 150 Seconds, Financial Times Reveals appeared first on Cryptonews.

The D.C. office will focus on government relations, capitalizing on a 'more stable regulatory environment' under current leadership.

A new policy directive from the U.S. regulator of national banks says the institutions can also outsource crypto custody and execution to outside parties.

One analyst says a weak US dollar is part of a plan to fix the US financial system. Will Bitcoin benefit from a weaker DXY? What to know: Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system. Bitcoin and gold are well-positioned to benefit from de-dollarization. Read more

John Karony took to social media as his criminal trial for fraud and money laundering charges began in New York. Braden John Karony, the former CEO of crypto firm SafeMoon, made an out-of-court statement claiming innocence as his criminal trial began in New York. In a May 6 X post after court proceedings had likely ended for the day, Karony said he was innocent and “did not commit fraud” in response to media coverage of his trial. The former CEO, as well as SafeMoon creator Kyle Nagy and former chief technology officer Thomas Smith, were charged in 2023 for having allegedly “diverted and misappropriated millions of dollars’ worth” of the platform’s SFM token. According to reporting from the US District Court for the Eastern District of New York (EDNY) on May 6, Karony implied that Nagy, who reportedly fled to Russia after authorities filed charges, was responsible for some of the alleged fraud at SafeMoon. On the first day of the trial, after jury selection, Smith reportedly appeared as a witness for the pros...

The Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer crypto services, namely custody and execution, including through third-party providers, provided they adhere to sound risk management practices and legal compliance.  The clarification, issued through Interpretive Letter 1184, confirms and expands on earlier […] The post OCC reaffirms banks’ authority to offer crypto services without prior approval appeared first on CryptoSlate.

Holding rates steady, the U.S. central bank took note of the possibility of higher inflation and unemployment.

The network's token price and onchain metrics are rising after a period of stagnation in 2023. Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption.  During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance.  Consequently, the blockchain network’s native BNB token (BNB) has emerged as among the market’s most resilient cryptocurrencies, surpassing all-time highs in the first quarter of 2025 even as the broader crypto market trended downward.  Read more

Strive Asset Management is adopting Bitcoin as a treasury reserve asset after pushing other firms to do the same, unveiling a reverse merger.

Bailey, who advised President Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly raising $300 million to buy bitcoin.

Representative Ritchie Torres is reportedly preparing to introduce legislation prohibiting federal officials from owning or trading crypto while in office.  The measure seeks to close potential conflicts of interest and expand existing financial ethics rules to include digital assets. The proposed bill would apply to a wide range of public servants, including members of Congress, […] The post Congressman Torres proposes bill to ban federal officials from trading or owning crypto appeared first on CryptoSlate.

Ethereum’s Pectra upgrade made some much-needed improvements. Will ETH price respond by rallying in the near future? Key takeaways: Reclaiming the $2,200 level remains the first price challenge for ETH.  ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity.  Read more

As Netflix rolls out generative AI, the streaming giant is unironically retiring a Black Mirror interactive title.

Richard Blumenthal has opened a Senate review into Donald Trump’s $TRUMP cryptocurrency, saying the token and a pricey White House gala could let investors discreetly enrich the President and sway policy. Senators Warren and Schiff have urged ethics officials to examine Trump’s broader crypto ties. The post Richard Blumenthal Probes $TRUMP Coin – Does Foreign Money Buy Oval Office Access? appeared first on Cryptonews.

Coinbase users are falling prey to social engineering scams, costing users tens of millions of dollars in losses, according to ZackXBT. Onchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone. According to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZackXBT said is a problem unique among crypto exchanges: Cointelegraph reached out to Coinbase but was unable to get a response by the time of publication. Read more