Crypto

Sell-side bulls from Benchmark and TD Cowen viewed Michael Saylor and team's plan as a bold yet realistic escalation of its bitcoin-focused strategy amid rising institutional interest.

Avalanche (AVAX) was also among the underperformers, falling 2.4% from Thursday.

Bitcoin’s market behavior is regime-dependent, warranting a deeper dive into historical drivers. A structural trend emerged post-COVID, with Bitcoin exhibiting stronger correlations to equities and behaving more like a high-beta risk asset. Despite this, Bitcoin has repeatedly decoupled from traditional markets, to both the upside and the downside, in response to specific trends. Most recently, BTC showed strong resilience in the face of Trump's Liberation Day tariffs. Going forward, we believe capital flows will likely be expressed through three frameworks: risk beta with dampening volatility, an uncorrelated asset that toes the line between risk and safety, and/or rapid repricing as it becomes digital gold.

The company's U.S. plans depend on the final stablecoin legislation, and is aiming to create a "payment product" that institutions can use, Paolo Ardoino said in a CNBC interview.

The price of bitcoin was modestly lower at $96,700 in the moments following the news.

Bitcoin dominance is up to 64.89%, up from around 57.9% at the start of the year, as its price inches closer to $100,000.

Could a centuries-old seasonal market pattern be a sign of further losses? Bitcoin’s five-year performance leans toward “yes.”

The exchange posted adjusted EBITDA of $187 million, a 1% increase from the previous quarter and a 17% rise year-over-year.

The algorithmic trading firm announced that it is dropping all exposure to Ethereum, calling it “statistically broken.”

The new cryptographic system lets users prove they’re old enough to use restricted applications without giving more information than required.

Your day-ahead look for May 2, 2025

In Q1 2025, Aleo sustained meaningful ecosystem and infrastructure growth despite a 69.3% decline in market cap and a sharp drop in network activity, with staking in native terms rising 7.9%, a clear signal of ongoing validator confidence. Strategic partnerships, including with Google Cloud, and the rollout of privacy-focused tools like zPass highlight Aleo’s commitment to scaling real-world zero-knowledge applications across sectors such as gaming, healthcare, and finance.

Gaming operating system Playtron plans to launch Game Dollar on Sui with support from stablecoin platform M0 and payments platform Bridge. The post Playtron Reveals M0-Powered ‘Game Dollar’ Stablecoin for Gaming Payments appeared first on Cryptonews.

The Doomsday Clock, a symbolic gauge maintained by the Bulletin of the Atomic Scientists since 1947, now stands at 89 seconds to midnight. This marks its closest position yet, reflecting an era shaped by multiple existential threats, including nuclear tensions, climate volatility, and disruptive technologies. The latest release brings the clock closer to midnight than […] The post Doomsday clock hit 89 seconds to midnight but Bitcoin could turn back time? appeared first on CryptoSlate.

Movement Labs suspended co-founder Rushi Manche after controversy over a market maker deal he brokered, which triggered a third-party investigation and Coinbase’s delisting of MOVE. Movement Labs confirmed the suspension of its co-founder, Rushi Manche, following controversies over a market maker deal that he brokered. Movement announced the suspension of Manche in a May 2 X post, explaining that the “decision was made in light of ongoing events.” The decision follows Coinbase's recent decision to suspend the Movement Network (MOVE) trading, citing the token’s failure to meet its listing standards. The suspension came after a recently announced third-party review requested by the Movement Network Foundation into an agreement orchestrated by Manche with Rentech — the latter helped broker an agreement with market maker Web3Port. Private intelligence firm Groom Lake is conducting the investigation. Read more

A North Korean hacker impersonated as a job seeker for an engineering role at Kraken, who attempted to infiltrate the ranks of the exchange. The post Kraken Spots North Korean Job Seeker Attempting to Gain Exchange’s Access appeared first on Cryptonews.

The Financial Conduct Authority is seeking views on intermediaries, staking, lending and borrowing, and decentralised finance.

The native token of the Ethereum-based Movement Network, MOVE, plunged to a historic low following Coinbase’s delisting amid the ongoing controversy tied to questionable market-making activities. The US crypto exchange announced on May 1 that it would suspend MOVE trading across its platforms by May 15, citing the token’s failure to meet its listing standards. […] The post Coinbase delisting sends Movement’s MOVE token to all-time low amid market-making scandal appeared first on CryptoSlate.

Some X users believe PI could explode to $5, whereas Shibarium reached yet another target.

From combating artificial intelligence and space connectivity oligopolies, blockchain is being used in different ways to improve the status quo. As the crypto space developed, blockchain use cases expanded from simple digital currencies and non-fungible tokens (NFTs) to more complex areas such as digital identity verification and telecommunications.  Ahead of the Token2049 event in Dubai, Cointelegraph spoke with Spacecoin CEO Stuart Gardner, Spacecoin founder Tae Oh, and Humanity Protocol founder Terrence Kwok to explore how they use blockchain to improve certain industries.  From addressing challenges like verification in the artificial intelligence era to bringing internet connectivity to developing countries, projects are integrating blockchain to solve problems in different industries.   Read more