Crypto

US lawmakers advanced two blockchain-related legislative efforts on May 21, approving the GENIUS Act for debate and reintroducing the Blockchain Regulatory Certainty Act in the House. Lawmakers voted 69–31 to approve a motion to proceed on the Government and Enterprise Need for Innovation in the United States Act, or GENIUS Act, allowing formal debate and […] The post GENIUS Act clears Senate motion, House lawmakers reintroduce Blockchain Certainty Act appeared first on CryptoSlate.

The jury in John Karony's case took a matter of hours to deliberate after a roughly two-week trial, during which he repeatedly claimed he was innocent. A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation. According to May 21 reporting from the courtroom, in the US District Court for the Eastern District of New York, a jury convicted Karony of conspiracy to defraud the United States, money laundering and wire fraud. Prosecutors and defense lawyers presented their cases over the roughly two-week trial that kicked off with jury selection on May 5. Karony, former chief technology officer Thomas Smith and Kyle Nagy, the platform’s creator, were charged in 2023 for having allegedly “diverted and misappropriated millions of dollars’ worth” of SafeMoon’s SFM token. Smith testified against Karony at trial, while Nagy reportedly fled to Russia and was at large as of May 21. Read more

Bitcoin reaches a new all-time high amid strong weekly momentum with price targets as high as $320,000, but caution is urged. Key takeaways: Bitcoin’s $109,458 all-time high aligns with seven consecutive green weekly candles since April, highlighting the strength of the current bullish momentum. Analysts expect BTC to reach between $135,000 to $320,000 in 2025. Read more

Bitcoin’s surge has lifted $BONK 6.5% to $0.00002079 while maintaining a 63.8% monthly rise. Nearly one million holders and fresh whale allocation of 33.8 billion tokens suggest strong support, encouraging traders to watch for a move toward the December 2024 peak at $0.00005916. The post Smart Money Bets on $BONK: 63% Weekly Gainer Eyes $0.000039 High as Retail Hype Returns appeared first on Cryptonews.

Jeremy Jordan-Jones lied to investors about Amalgam’s purported partnerships with sports teams including the Golden State Warriors, according to prosecutors.

Bipartisan passage of the GENIUS Act has advanced federal stablecoin rules, mandating full Treasury or dollar backing, imposing audits on issuers over $50 bn and tightening foreign oversight—measures analysts believe have set the stage for institutional DeFi growth and a multi-year crypto rally. The post GENIUS Act Pass Spurs Bitwise CIO’s $2.5T Crypto Boom Forecast appeared first on Cryptonews.

BlackRock's IBIT added nearly $600 million in assets over the period, more than the other 10 funds in the spot Bitcoin category.

Ethereum co-founder Vitalik Buterin acknowledged a major breakthrough in zero-knowledge (ZK) technology this week, calling recent developments in real-time proving a “truly amazing” step forward. Buterin’s comments came in response to a post from developer Uma Roy, who announced that her team had achieved real-time Ethereum proving, an accomplishment many in the cryptography community had […] The post Vitalik Buterin praises real-time ZK proving milestone, but urges caution appeared first on CryptoSlate.

Storm’s lawyers asked the court to order prosecutors to turn over any potentially helpful evidence in their case against the developer.

Mt. Gox creditors may see offers from Strive, which seeks to buy 75K BTC in approved claims before October’s distribution deadline.

Bitcoin’s rally looks sustainable thanks to $1.37 billion in spot ETF inflows and marginal BTC futures liquidations. Key takeaways: Spot Bitcoin ETF inflows and low leverage suggest the BTC rally has room to grow. US Federal Reserve liquidity and weak bond sales support a Bitcoin push beyond $110,000. Read more

At Paxos' NYC event, speakers across four panels agreed that stablecoins are reshaping global finance — with regulation and infrastructure fast catching up.

A complaint filed with the Maine Attorney General's office also alleges the attack was only discovered six months after it occurred. A recent filing with Maine’s attorney general sheds new light on Coinbase’s data breach, claiming that nearly 70,000 users were impacted and that the incident went unnoticed for nearly six months. According to the filing submitted by legal firm Latham and Watkins LLP, 69,461 Coinbase users were compromised by the breach, 217 of whom are residents of the US state of Maine. The document also indicates the breach occurred on Dec. 26, 2024, but was only discovered on May 11, 2025 — nearly six months following the cybersecurity incident. Read more

Solana Mobile revealed it will ship its Seeker smartphone with a new token called SKR, which will serve as the “native token of the Solana Mobile economy,” according to a May 21 announcement. The firm also confirmed that the smartphone will begin shipping on Aug. 4. Seeker is the second generation of the Saga smartphone, released in […] The post Solana’s new Seeker phone ships with SKR token as economic engine appeared first on CryptoSlate.

With hashprice hovering near break-even levels, miners liquidated 115% of April production.

With the new Seeker phone set to ship in August, Solana Mobile unveiled plans for a new SKR token to fuel an open ecosystem of devices.

An already under pressure bond market took a further hit following a weak auction of long-term U.S. Treasury debt.

Bitcoin price rallied to a new all-time high and if it holds, select altcoins look ready to follow. Key points: Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up. Several altcoins have bounced off their respective support levels, signaling a positive sentiment. Read more

Also: New Eth Nodes Proposal, Solana Seeker Phone, World Token Sale

Coinbase is facing sharp criticism and regulatory pressure after confirming a significant data breach that exposed personal information of nearly 70,000 users. According to a filing with the Maine Attorney General’s Office, the breach affected 69,461 individuals, of whom 217 were residents of Maine. The exchange also stated that the compromise affected less than 1% […] The post Coinbase under fire for massive data breach affecting nearly 69,461 users appeared first on CryptoSlate.