Crypto

Binance has maintained surpluses across 37 tracked assets, publishing its 30th consecutive proof-of-reserves snapshot. While BTC and BUSD coverage stand at 102% and 206%, the exchange has also partnered with Kyrgyzstan on nationwide crypto payments and backed crypto tourism in Bhutan. The post Binance Boasts Surplus Reserves, Bolstering Confidence After FTX Fallout appeared first on Cryptonews.

The US Securities and Exchange Commission is looking at potentially exempting companies that issue tokenized securities from certain registration requirements. Updated to correct that the SEC sent a Wells notice to Uniswap but did not bring charges. The US Securities and Exchange Commission (SEC) is considering rule changes to let companies more freely issue tokenized securities, SEC Commissioner Hester Peirce said in a speech published on May 8. The regulator is “considering a potential exemptive order” for firms using blockchain technology to “issue, trade, and settle securities” that would release them from certain registration requirements, Peirce said in the speech. Read more

Arbitrum has risen 8.6% to $0.33, with 24 h trading volume up 72% to $183 M. The Layer-2 network has led DeFi TVL at $2.3 B, added $2.8 B in stablecoins through native USDC transfers, and launched a $200 M program funding studios like Proof of Play to grow its gaming ecosystem. The post Arbitrum Jumps 8% – Can $ARB Break the Crucial $0.35 Ceiling? appeared first on Cryptonews.

Over 140,000 traders were liquidated over the past 24 hours.

Has Ethereum been too complacent about fees? It no longer has the “luxury of being a peace-time research project,” said one conference panelist. Layer 2s have been a great blockchain success story. They’ve reduced congestion on the Ethereum mainnet, driving down gas fees while preserving security. But maybe they’ve become too successful, drawing chain activity and fee income from the parent that spawned them? At least that’s what some are suggesting lately, most recently at Cornell Tech’s blockchain conference in late April. Indeed, some think Ethereum should be a little greedier, or at least fight harder for a bigger part of the revenue pie, particularly sequencing fees.  Read more

Missouri will become the first US state to eliminate the levy if Governor Mike Kehoe signs the bill into law. Missouri House Bill 594, a bill that would eliminate capital gains tax in the US state, has passed a vote in the state House of Representatives and now heads to Missouri Governor Mike Kehoe's desk for signature. According to attorney Aaron Brogan, the bill stipulates a 100% income tax deduction for any capital gains income because the Missouri tax code does not explicitly distinguish between capital gains and income tax. Brogan told Cointelegraph that the specific mechanism to exempt capital gains taxes outlined in HB 594 is unique and compared it to a similar income tax deduction in the federal tax code. The attorney explained: Read more

[PRESS RELEASE – San Francisco, CA, May 8th, 2025] BITE is set to become the first protocol to eliminate MEV at the consensus level, ending front-running, sandwich attacks, and other transaction exploits. SKALE Labs, the team behind the gas-free invisible blockchain network SKALE, today announced the launch of BITE Protocol, the industry’s first consensus-level solution […]

The tech giant's "thinking model" outperforms rivals on complex benchmarks and is now available to all users for free

SPACE ID and Floki have partnered to introduce Floki Hub, a decentralized identity service powered by the $FLOKI token and Floki Name Service. .floki domain owners can consolidate wallets, NFTs and profiles, and generate on-chain resumes to verify skills and reputation across the Web3 ecosystem. The post SPACE ID and Floki Upgrade Web3 Identity: .floki Domains Become Verified On-Chain Profiles appeared first on Cryptonews.

The Ethereum price (ETH) has jumped 12.5% in the past 24 hours, now trading above $2,000 following the successful deployment of the Pectra upgrade.On May 7, the Ethereum team announced that Pectra was already live on the project’s mainnet after months of waiting. Pectra is live on Ethereum mainnet! – Smart account wallet UX features […] The post Ethereum Price Surges After Pectra Upgrade – Bulls Now Eye $10,000 Target appeared first on Cryptonews.

XRP (XRP) has gone up by 3.3% in the past 24 hours following yesterday’s meeting of the Federal Open Market Committee (FOMC).Trading volumes have more than doubled during this period and the price currently sits at $2.21 per token.Trader Ali Martinez, whose X account is followed by nearly 137,000 users on X, shared two pivotal […] The post XRP Compression Pattern Points to Liftoff – Is $50 XRP Still on the Table? (XRP Price Prediction) appeared first on Cryptonews.

Spot bitcoin ETF net inflows totaled over $4 billion in the last three weeks, when adjusted for hedge fund basis trades, the bank said.

With attention finally returning to the largest meme coin, its position 60% below its all-time high stands as a potential reference point for a reversal. The post Dogecoin Price Prediction: Explosive On-Chain Volume Suggests a Big Move Ahead – $1 in May?  appeared first on Cryptonews.

SKALE Labs has launched its BITE Protocol, a consensus-level solution that eliminates MEV by preventing anybody from accessing transaction contents before a block is finalized. The post SKALE Labs Reveals New Protocol to Combat $1.8 Billion MEV Problem appeared first on Cryptonews.

The Metalayer marks an attempt at solving blockchain’s fragmentation problems. By combining intent-based execution, secure crosschain settlement, and a developer-friendly interface, Caldera introduces a unified solution that simplifies how rollups interact. Developers can integrate with the Metalayer through a single toolkit, which removes the need to build and maintain custom bridging infrastructure. This streamlines development, accelerates asset integration, and allows apps to scale across chains without rewriting code or compromising on security. For users, the Metalayer makes crosschain interactions simple and seamless. Instead of navigating multiple bridges or swapping between wrapped assets, users can express a single goal, like moving USDC between chains, and the Metalayer handles the rest. As adoption grows, this architecture could support the next generation of crosschain applications that feel more interconnected and intuitive. With the core infrastructure now in place, Caldera is laying the ground...

"BTC is ready to detonate," one well-known X user claimed.

Authorities in the Gulf nation have ramped up enforcement against crypto miners exploiting cheap electricity, with temperatures set to soar.

Ethereum has gained 11% over the past 24 hours at the time of writing and has broken through $2,000 for the first time since March.

The price has jumped 33% in a few weeks after plunging to $75,000 in the days following President Trump's early April Liberation Day tariff announcement.

Stablecoin flows have dominated South Korea’s cross-border crypto activity in Q1 2025, composing 47 % of the ₩56.8 trn sent abroad as traders seek dollar-pegged pairs; yet inbound transfers have exceeded outflows, and pending regulation has become a key topic before the June presidential election. The post Stablecoin Flood Swells to ₩26.9 T, 47 % of South Korea’s Q1 Crypto Outflows appeared first on Cryptonews.