Crypto

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.

Unlike the previous $100,000 hits, the new price spike came as Bitcoin market dominance surged above 60%, reflecting more bullish BTC sentiment. Bitcoin has reclaimed the $100,000 price level for the first time since January, reflecting renewed bullish sentiment among investors. Bitcoin (BTC) reclaimed the $100,000 mark on May 8 at 3:22 pm UTC, surging 4.2% from the intraday low of $95,967, according to data from CoinGecko. It marked the third time that BTC has broken through the six-figure level since first achieving it on Dec. 5, 2024. A second all-time high followed on Jan. 20 ahead of US President Donald Trump’s inauguration. Read more

Though Alex Mashinsky's sentencing was still pending, the US government said it did not oppose his voluntarily surrendering after his daughter's wedding. Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter’s wedding regardless of the outcome of his May 8 sentencing hearing. In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to travel from New York to Memphis, Tennessee, between May 26 and May 29 for his daughter’s wedding. The approval was available on the public docket as of May 8, but appeared to have been removed at the time of publication. Judge Koeltl will determine in a May 8 hearing whether Mashinsky serves prison time following a plea deal with prosecutors. Read more

Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.

Sei saw significant growth within its gaming and DeFi sectors in Q1 2025. Gaming was a major contributor driving network usage, as average daily transactions in the sector increased 79.8% QoQ to 354,000, outpacing all other categories. In DeFi, TVL (USD) increased 73.7% QoQ from $209.1 million to $363.1 million as new protocols like Sailor and Takara Lend launched and quickly gained traction. The quarter also saw exciting developments from Sei Labs, which achieved 5.4 gigagas per second, approximately 115,000 TPS, and 700 milliseconds time-to-finality in an internal devnet environment. This feat was achieved in pursuit of the Giga upgrade, which aims to offer a 50x improvement in throughput. Meanwhile, Sei Foundation established Sapien Capital, a $65 million venture fund focused on decentralized science (DeSci). On the community side, Sei continued to incentivize involvement through its Sei More Campaign, Sei Builders Fund, and Sei Creator Fund. Looking forward, users can continue to expect Sei to pursue its ...

Cryptocurrency's path to mass adoption hinges on user experience. Simplifying complex interactions and enhancing trust will unlock its full potential. Opinion by Jonathan Farnell, CEO of Freedx It’s 2025, and over 560 million people worldwide are already using cryptocurrency — roughly 17 times the population of Tokyo. That’s a vibrant community, yet for every user who’s embraced it, billions more stand on the sidelines, put off by the complicated interactions and clunky interfaces of protocols, platforms, decentralized apps (DApps), and mobile applications. Why? Blockchain technology offers game-changing potential — decentralized ownership, secure trades — but let’s face it: Most people still find it intimidating, risky, and confusing. User experience (UX) might just be the deciding factor in whether cryptocurrency achieves mass adoption or remains a niche segment. Take complexity. A 2024 Chainalysis report pointed out that 43% of would-be crypto users shy away from the technical tangle of private keys and ga...