Crypto

Paolo Ardoino said that the recently implemented European framework on digital assets was "very dangerous when it comes to stablecoins." Paolo Ardoino, CEO of stablecoin issuer Tether, addressed criticism over the company's decision not to seek registration under the European Union’s Markets in Crypto-Assets (MiCA) framework, arguing that the regulations were risky for stablecoins. Speaking to Cointelegraph at the Token2049 conference in Dubai, Ardoino reiterated that Tether had no plans to apply for its US dollar-pegged stablecoin USDt — the largest by market capitalization — to be compliant under MiCA in European countries, potentially forcing exchanges to delist the stablecoin. He added that though crypto firms had to follow regulations, there was a “fear of compliance” among companies in the EU. “[...] MiCA license is very dangerous when it comes to stablecoins, and I believe that is even more dangerous for the small, medium banking system in Europe,” said the Tether CEO, adding that banks in the region c...

Tether increased its exposure to US Treasuries by more than $3 billion between quarters while posting a steep year-over-year decline in quarterly profits. According to its latest attestation report published on April 30, Tether’s combined holdings of US Treasury bills, reverse repurchase agreements, and money market funds with Treasury exposure reached approximately $120 billion by […] The post Tether boosts US Treasury holdings by $3B amid YoY profit drop appeared first on CryptoSlate.

Michael Ellis thinks Bitcoin and crypto is here to stay, calling the wider adoption of the crypto “a great trend.”

The Nasdaq-listed Strategy, formerly MicroStrategy, is on the rise ahead of reporting earnings—just as Bitcoin's price jumps.

Stablecoin giant Tether says it now holds nearly $120 billion worth of direct and indirect exposure to U.S. Treasuries.

Kraken has unveiled Embed, a crypto-as-a-service product giving banks, neobanks and other institutions an API to add crypto trading on Kraken’s liquidity and compliance stack, avoiding the cost of building exchanges. Dutch neobank bunq has gone live first, with more partners due. The post “Just One API”: How Kraken’s New ‘Embed’ Lets Banks Tap $300B Crypto Market Overnight appeared first on Cryptonews.

Bullish reversal pattern forms as LTC reclaims critical $86 level amid increasing institutional interest.

XRP (XRP) is the best-performing cryptocurrency of the top 5 this year with annual gains of 7.5% despite the significant turbulence that the market has gone through.As May begins, the market’s old saying – “Sell in May and go away” – could be a cause of concern for the superstitious.However, market experts seem to believe […] The post XRP Price Prediction: Should You Sell XRP in May? Here’s What Analysts Expect Next for Ripple appeared first on Cryptonews.

Market Report, Fartcoin Leads Memes, Axiom Breaks out - FOMO HOUR EP348 FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X. JOIN YEET = https://yeet.com/register?aff=fomohour PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL PODCAST = https://podcasters.spotify.com/pod/show/fomohour Links: https://linktr.ee/fomohour https://twitter.com/fomohour https://www.rug.fm/ https://x.com/rugradio Hosts: https://twitter.com/farokh https://twitter.com/rektmando https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets #bitcoin #crypto #podcast

Solana could be the focal point of a strategic push to align blockchain technology with U.S. regulatory frameworks through a new tokenisation initiative—Project Open. The post Solana Price Prediction: New Proposal to SEC Could Bring U.S. Stocks Directly On-Chain – $1,000 SOL Incoming?  appeared first on Cryptonews.

Tesla chair Robyn Denholm has denied a Wall Street Journal report claiming the board recently hired recruiters to replace its chief executive. She says directors still back Elon Musk, who has faced political pushback over a White House efficiency post and weaker Q1 results. The post Tesla Chair Refutes Report Detailing Plans For Elon Musk’s Replacement appeared first on Cryptonews.

Trump-linked USD1 stablecoin scores major validation, powering $2B Binance investment deal in record time despite no CEX listings.

Despite broader market uncertainty, SOL demonstrates remarkable resilience by climbing from April lows to establish new support levels above $150.

The MOVE token suddenly dropped 14% on Wednesday following word from Coinbase that it will suspend the Movement token for trading.

Movement's MOVE token is now in "limit-only mode" on the trading platform.

Coinbase is halting trading of Movement Labs’ MOVE token on May 15, citing noncompliance with its listing standards. Crypto exchange Coinbase has announced it will suspend trading of the Movement Network token (MOVE), the native cryptocurrency of the Movement layer-2 blockchain protocol, developed by Movement Labs, effective May 15. The decision was shared in a May 1 X post, with Coinbase citing the token’s failure to meet its listing standards. The price of the MOVE token also declined by approximately 14.5% in the last 24 hours. Coinbase specified the details of the suspension in an announcement: The suspension of the token follows a recently announced third-party review orchestrated by the Movement Network Foundation into an agreement allegedly signed by Movement Labs and a market-making firm, which is said to be behind the downfall of the MOVE token price in December 2024. Read more

Cosmos-based projects gain institutional attention with BlackRock CEO highlighting tokenization revolution

Both bitcoin and the Nasdaq are above their levels just prior to President Trump's early April tariff announcements.

The introduction of Ethereum R1 deviates from traditional layer-2 developments that have come to characterize Ethereum's scaling networks. A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token. According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project's team wrote in a May 1 X post: “Most L2s today are acting more like new L1s than an Ethereum scaling solution — private allocations, opaque governance, and centralized control,” the developers continued. Read more

Ethereum recently bounced off the crucial $1.5K support level, but it’s still struggling to break through the bearish order block near the $1.8K mark. If it fails to clear this resistance, another pullback could follow. Technical Analysis By ShayanMarkets The Daily Chart The price created a clear bullish reversal pattern at the $1.5K support level […]