Crypto

Stablecoins offer a cheaper, faster alternative to legacy global payments systems, the popular investor said at Consensus. Global foreign exchange and payments platforms are lobbying hard against stablecoins, which stand to significantly disrupt their business models, investor Kevin O’Leary said during a keynote address at Consensus 2025. Legacy forex and payments platforms often extract large fees for servicing cross-border cash transfers and stand to lose out on revenue if regulated stablecoins become accepted as a cheaper, faster alternative, O’Leary said at the Toronto conference.  “Once that’s approved, the multi-trillion dollar FX market becomes efficient, transparent, and inexpensive,” he said.  Read more

The US Senate is expected to take up another vote on the GENIUS Act within days, but it's unclear whether the bill's supporters will address concerns from Democrats. Coinbase chief legal officer Paul Grewal addressed some of the concerns raised by US lawmakers and industry leaders around President Donald Trump’s crypto ventures, and how they may affect related legislation. Speaking at the Consensus conference in Toronto on May 15, Grewal said there had been “hiccups” in Congress since the Senate Banking Committee voted to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in March. Though Grewal said there were disputes over “substantial issues that need to be addressed” in the bill, he hinted that Trump’s involvement in the industry was a “complicating factor.”  “The discussion around the president's support for a certain memecoin or two and other efforts does add a certain level of challenge to the effort to get Democrats and Republicans aligned on the right way to r...

Addentax has unveiled negotiations to swap up to $800 million in common stock for 8,000 Bitcoin and other tokens, notably the TRUMP memecoin, aiming to fortify its balance sheet with liquid digital assets and align with influential crypto holders, even as its shares have fallen after the disclosure. The post China’s Addentax Plans $800M Crypto Buy, Including 8,000 BTC and Trump Tokens appeared first on Cryptonews.

Abu Dhabi sovereign wealth fund Mubadala raised its exposure to Bitcoin (BTC) during the first quarter, purchasing 491,000 shares of BlackRock’s iShares Bitcoin Trust (IBIT), according to its latest Form 13-F filing. Mubadala held 8,726,972 shares of IBIT as of March 31, up 6% from the previous quarter and worth approximately $408.5 million at the […] The post Abu Dhabi sovereign wealth fund Mubadala expands Bitcoin exposure via IBIT while Wisconsin fund exits crypto ETF appeared first on CryptoSlate.

Wintermute has expanded to New York, reflecting the shift in U.S. crypto policy. The trading firm has hired Ron Hammond, once senior director at the Blockchain Association, to lead advocacy as President Trump’s SEC pick Paul Atkins proposes clearer rules for digital assets. The post Wintermute Plants Flag in New York, Betting on Softer US Crypto Rules appeared first on Cryptonews.

The Barstool founder opened up about the risks and rush of meme coins at a fireside chat with Bullish CEO Tom Farley.

Lawmakers are seeking SARs tied to Trump fundraising platforms, including World Liberty Financial and meme coin projects.

MapleStory N is the first crypto entry in the long-running RPG franchise, and the Avalanche game's token and NFTs are seeing huge interest.

Eric Schmidt argues AI's broad capabilities—not just chat functions—make it more revolutionary than most realize.

Trump, co-founder of a Bitcoin mining firm, spoke on a panel at the Consensus crypto conference on May 15 in Toronto. There is an ongoing race across the world for Bitcoin accumulation, according to Eric Trump, the second-eldest son of US President Donald Trump. Speaking at a crypto conference in Toronto on May 15, Trump said that from families to government funds, “everybody in the world is trying to hoard Bitcoin right now.” The remarks came during a panel at Consensus 2025. Sharing the stage with Asher Genoot, the CEO of Bitcoin (BTC) mining company Hut 8, Trump said Bitcoin adoption has been incredible. Trump described what he sees as “two races in Bitcoin”: the accumulation race — currently led by Michael Saylor, he says — and the mining race, which marks his own involvement in the crypto space. Read more

Institutional adoption of stablecoins has reached an all-time high, supported by technical readiness, declining regulatory friction, and intensifying demand for faster, cross-border settlement infrastructure.  According to a recent report from Fireblocks, 86% of surveyed firms say they now have the partnerships and systems in place to support stablecoin integration, signaling a decisive shift from pilot […] The post Institutions double down on stablecoins as trust reaches all-time highs – Fireblocks appeared first on CryptoSlate.

After testing the $100,000 level early Thursday, bitcoin reversed to above $103,000.

Spot Bitcoin ETF inflows and the options skew highlight growing investor confidence despite macroeconomic headwinds. Key takeaway: Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence in Bitcoin. Read more

nternet capital markets are reshaping how value is created and exchanged online, with platforms like Believe enabling anyone to tokenize ideas, products, or communities. While the model has sparked explosive growth and cultural relevance, it remains contentious—hailed by some as a new frontier in capital formation and dismissed by others as thinly veiled speculation. The future of the trend will hinge on whether projects can deliver lasting utility and economic sustainability beyond early hype.

Chainlink recently inked deals with JP Morgan's Kinexys and Ondo Finance to develop payment rails for tokenized assets. Asset tokenization is set to accelerate the movement of capital across traditional markets, according to Chainlink co-founder Sergey Nazarov. Speaking with Cointelegraph at Consensus 2025 in Toronto, Nazarov said the shift will boost capital velocity in asset classes such as treasuries, equities, private credit, commercial debt, and real estate. "I think that there are two sides to this equation. One is the asset, and the other one is the payment. So, you need more high-quality assets onchain, but you also need more frictionless payments that existing institutions can use easily," Nazarov said on May 14. The remarks came on the same day Chainlink announced a partnership with Kinexys, a blockchain network for institutional-grade tokenized assets by JP Morgan, and digital asset firm Ondo Finance. Together, the companies will develop payment rails for institutions trading tokenized real-world a...

The company still managed to clock net income of more than $400 million due to increasing values of derivatives on its balance sheet, Bitdeer said. Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the Bitcoin miner said on May 15.  The Singaporean company clocked an operating loss of $3.2 million for the quarter, down from a $34.1 million profit during the same period last year, its earnings release said.  However, Bitdeer reported a Q1 net income of more than $400 million, largely driven by gains on convertible notes and warrants issued to stablecoin issuer Tether in 2024. Read more

FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust.  Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. […] The post FTX creditors poised to receive $5B by May 30 in latest distribution round appeared first on CryptoSlate.

This week's top Myriad Markets include predictions on Strategy's next Bitcoin buy, the chaotic NBA playoffs, and Nintendo Switch 2 pricing.

The agency’s affirmation comes after an internal memo signaled a shift in its stance against crypto mixers.

Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30. More than two-and-a-half years after filing for bankruptcy, cryptocurrency exchange FTX is moving forward with repaying users who have not had access to their funds. In a May 15 notice, the FTX Recovery Trust announced that it would begin disbursing funds to the second group of parties eligible under the exchange’s reorganization plan. Starting on May 30, FTX will send more than $5 billion to creditors “within 1 to 3 business days” through crypto firms BitGo and Kraken.  In accordance with the reorganization plan, FTX said five groups of “convenience classes” would receive between 54% and 120% distribution of assets. The repayment schedule for the next class of creditors will be “announced in due course,” and the debtors were expected to pay up to $16 billion if all claims were filed. Read more