Crypto

Screenshots showed BTC briefly far below global market prices, though it remains unclear whether any trades were executed at those levels or whether the move was a display issue.

As Wall Street chases upside in stocks like never before, the implications for bitcoin appear bullish, though with an important caveat.

Elon Musk’s SpaceX has turned one of the world’s largest artificial intelligence clusters into a commercial compute product, creating a new challenge for Bitcoin miners racing to recast themselves as AI infrastructure companies. Anthropic said it reached a deal to use the full computing power of SpaceX’s Colossus 1 facility in Memphis, Tennessee, giving the […] The post Bitcoin miners using AI as a bear market escape plan just got a new rival in Elon Musk appeared first on CryptoSlate.

Banks vs Crypto: The War Over the Stablecoin Bill The post CLARITY Act: Banking Lobby Targets Stablecoin Bill in Crypto Policy War appeared first on Cryptonews.

Bitcoin no longer holds up as the cypherpunk-grade money it was meant to be, Zcash's Zooko Wilcox told an engaged audience.

DAO delegates approved releasing exploit-frozen ETH to an Aave-led recovery effort, though Arbitrum’s governance rules delay any transfer for at least eight days

CryptoQuant says traders are cashing out into strength, Enflux ties the move to easing Hormuz tensions, while Glassnode argues bitcoin has reclaimed key levels needed for a broader recovery.

PI is among the poorest performers today.

The poll found 52% of registered voters support the CLARITY Act, with 47% willing to cross party lines for a candidate who backs the bill. Nearly half of US voters are willing to cross party lines to get clear crypto regulation off the ground, while public support for the CLARITY Act could bring an electoral benefit for politicians, according to a new survey from HarrisX. The poll included responses from 2,008 registered voters from May 1-4. It found that 52% of respondents support the CLARITY Act, with just 11% opposed.  About half, or 47%, said they would consider voting for a candidate outside their preferred party if that candidate backed the bill and their own party did not. Among crypto users, that number jumped to 72%. Read more

Swyftx’s Pav Hundal says Zcash is surging amid concerns about artificial intelligence, quantum computing and financial surveillance. Privacy-focused cryptocurrency Zcash (ZEC) has spiked by more than 70% over the past week as crypto traders have been paying closer attention to privacy-focused projects. Zcash traded at about $346 on Friday, May 1, before hitting a seven-day peak of $593.86 on Wednesday. It has since settled at around $570 as of Friday, according to CoinGecko. Pav Hundal, lead market analyst at crypto exchange Swyftx, told Cointelegraph that traders have begun paying closer attention to privacy projects “amid broader concerns about the impact of AI, quantum computing and financial surveillance on crypto.” Read more

The Justice Department said two men were sentenced for hosting laptops used by North Korean IT workers, bringing the total to eight sentences in five months. US prosecutors said they have secured eight sentences in the last five months against people acting as US-based proxies for North Korea-based IT workers, shedding new light on how they have been able to infiltrate US companies.  Two men have been sentenced this month alone. The Justice Department said Wednesday that separate courts sentenced Nashville resident Matthew Issac Knoot and New York resident Erick Ntekereze Prince for helping North Koreans work remotely for US companies. The US perpetrators, known as “laptop farmers,” acted as recipients for laptops that US companies would send to new employees. They installed remote desktop software on the devices, allowing North Korean IT workers to use them remotely while appearing to work from the US. Read more

The Aptos Foundation said building infrastructure that enables sub-second finality without the need for human intervention is a key to supporting the next wave of AI agent adoption. Aptos Foundation and Aptos Labs have committed $50 million to Aptos development, with a particular focus on AI agent infrastructure and research, including support for two products it shipped last year to meet rising demand for onchain AI agent activity.  Those products include Decibel, an AI-powered onchain order book and perpetuals exchange that launched on the Aptos mainnet in February, and Shelby, a decentralized storage protocol that seeks to support the workloads of AI agents, the Aptos Foundation said on Thursday. “Autonomous agents are already transacting onchain at frequencies no human can match, routing to whatever venue is fastest, most consistent, and least gameable,” it said. Read more

While trading is being restored, all Coinbase markets have been placed in "Cancel Only" mode, allowing users to revoke existing trades.

Panelists at Consensus Miami said institutional investors are still largely absent from perp DEXs, citing security risks and KYC friction as key barriers.

Chappy Asel says autonomous software may be more natural users of wallets and stablecoins than humans, though agentic payments remain mostly theoretical.

Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research.

The pilot linked XRPL to global banking infrastructure, enabling institutions to execute cross-border transactions in a single, integrated flow.

Bitcoin options show bulls targeting $115,000 by year-end but are traders becoming overly optimistic? Key takeaways: Bitcoin (BTC) bulls have high hopes for the year-end options expiry on Dec. 25, which features $6 billion at stake. The 33% price gain since the $60,130 yearly low on Feb. 6 have played a major role in bringing back bullish expectations. However, the huge amount of call (buy) options targeting $115,000 and higher for Dec. 25 raises questions about whether bulls are overconfident. Read more

US Treasury officials reportedly sent a letter to Binance pressing the crypto exchange on compliance with a 2023 deal, after reports circulated that the company had facilitated transactions linked to Iran. Update (May 7 at 9:47 PM UTC): This article has been updated to include a statement from Binance. The US Department of the Treasury reportedly demanded that Binance follow a monitoring program put in place by a 2023 deal between authorities and the cryptocurrency exchange, following reports that the company facilitated $1 billion to entities tied to Iran. According to a Thursday report by The Information, the Treasury Department “privately demanded” that Binance be in compliance with a monitoring program to which it had agreed after reaching a deal with US authorities in 2023. The deal, which included a $4.3 billion settlement with Treasury and the US Department of Justice, required Binance to comply with a three-year monitoring program overseen by government officials.  Read more

Solv Protocol will move its tokenized Bitcoin infrastructure to Chainlink, following Kelp DAO's lead after it blamed LayerZero for a hack.