Crypto

Bitcoin has broken above the $79,500 level, backed by solid buying by institutional investors. Will the altcoins also follow? Key points: Bitcoin (BTC) opened the new week with a rally above $80,500, suggesting the bulls are attempting to take charge. Analysts are closely watching the $80,000 level, as some believe a failure to close above it could trigger a move toward $60,000.  However, crypto analyst Matthew Hyland said in a post on X that traders calling BTC’s fall to $60,000 and lower ‘will be the ones flipping bullish late above $90K.”  Read more

A new $200 million, 364-day bitcoin-backed facility replaces the Coinbase Credit arrangement, cutting debt costs by 200 basis points.

Whales now control around 11% of the meme coin's circulating supply.

Senators unveiled a Clarity Act compromise on the subject of stablecoin rewards. Crypto seems happy enough, but what about the banks?

The market is starting to price in potential winners as stablecoin yield compromise opens path for passing key U.S. digital asset regulation, one analyst said.

Remittance giant Western Union’s USDPT token will power cross-border payments and a consumer spending product launching in 40+ countries.

Tagging @grok in an X post plus a few dots and dashes was all that was needed last night for a bad actor to pickpocket a verified crypto wallet without ever touching the private keys. Agentic token launchpad, Bankrbot reported on May 4 that it had sent 3 billion DRB on Base to the recipient […] The post How one trader used morse code to trick Grok into sending them billions of crypto tokens from its verified wallet appeared first on CryptoSlate.

Bitcoin faced new volatility and a new struggle to reclaim $80,000 as Iran events added pressure to crypto and risk assets. Bitcoin (BTC) saw volatility at Monday’s Wall Street open as fresh US-Iran war events sparked instability. Key points: Read more

KC Green, who drew the iconic burning-dog comic in 2013, says Artisan used his artwork in a paid ad campaign without his knowledge—and told followers to vandalize it on sight.

The company behind XRP said it wants to report certain data linked to North Korean entities.

Base Chain to add ZK Proofs with Succinct's SP1 zero-knowledge virtual machine.

The new lawsuit targets MARA’s Granbury site as cryptocurrency mining companies pivot to providing AI infrastructure.

Institutional investors are entering prediction markets as block trades, custom contracts and US regulatory shifts reshape a sector still dominated by retail users. Prediction markets are evolving from retail speculation platforms into institutional-grade financial instruments, driven by demand for precise macro hedging and clearly defined binary outcomes, according to a May 4 report by Bernstein. The report highlights why institutional investors may find these markets attractive — namely, they allow users to hedge specific event risks, such as tariffs, elections and geopolitical developments, using contracts that resolve to simple yes-or-no outcomes. Bernstein pointed to the first bespoke institutional block trade executed on Kalshi last week as a key milestone. A block trade refers to a privately negotiated, large transaction typically arranged between institutional counterparties. Read more

The analyst put $1.50 as the trigger: a monthly close above it opens the path to $2.20 and validates the entire setup; failure invalidates it.

The SEC extended its review period for ETFs that would have tracked prediction market odds on political races and economic indicators.

Pavel Durov's Telegram Takes Over TON Foundation Roles The post Pavel Durov Just Took Over TONCoin as Its Largest Validator and Cut Fees to Near Zero: Is This the Catalyst TON Has Been Waiting For? appeared first on Cryptonews.

Ethereum investors are no longer in the red, increasing the chances of a rally to $3,000, but resistance at $2,800 may delay recovery. Ether's (ETH) surge to $2,390 on Monday pushed its value above its realized price, implying that the average holder of ETH is now back in profit. But is this enough for the ETH bulls to reach $3,000? Key takeaways: Read more

District Attorney of Sacramento County, Ho argues that ambiguous rules and enforcement practices, such as those for crypto, lead to confusion, rather than seeking clarity in the law to further growth.

Tetra Trust's new stablecoin, CADD, is aimed at institutional use for 24/7 cross-border settlement, real-time corporate treasury, and direct fintech transfers, replacing legacy batch systems.

DTCC, the infrastructure giant managing $114 trillion in securities, will begin tokenizing Russell 1000 stocks and Treasuries.