Crypto

The Argentine president has faced a major backlash after promoting a token with all the characteristics of a classic crypto pump-and-dump. Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero.  The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo Libarona, government documents revealed.  “The Research Task Unit is dissolved” after completing its mandate, the translated version of the decree read. Read more

Market sentiment shifts as XRP faces critical support test amid global economic uncertainties and upcoming token unlock.

Bitcoin’s highest weekly close, Moody’s downgrades US, mini-crash hits alts - FOMO HOUR EP360 Crypto has mini-crash after BTC hits $107.1k. BTC weekly close at $106.5k, highest in history. US Senate may vote on GENIUS Act today. Basel Medical Group may buy $1bn BTC. Metaplanet buys another $104m BTC. Fed Bank of NY, BIS testing smart contracts. Alt season in summer or early 3Q: Hayes. 14 US states hold $632m of Strategy stock. Fifth Third to expand further in crypto. Crypto whales ramping up security: Bloomberg. France offers crypto entrepreneurs extra security. MetaMask to support SOL from this month: CEO. Phantom launches its SOL LST product (PSOL). DeFi Development Corp up 75% after BONK collab. Former Celsius CEO gets 12 years in prison. Blum co-founder arrested in Russia for fraud. UK asks crypto firms to report user, transaction data. 00:00:00 Recap of a Busy Weekend and Events 00:02:56 Latest Updates on Crypto Market Trends 00:06:09 Rising Bond Yields and Fiscal Concerns 00:09:26 Market Speculations an...

Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative […] The post Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative appeared first on CryptoSlate.

The country's Department of Justice claims the investigative unit has fulfilled its purpose.

KULR has boosted its Bitcoin treasury strategy, adding another $9M to reach 800.3 BTC worth $78M. The firm has reported a 220.26% BTC Yield year-to-date, describing the metric as a gauge of digital-asset growth against its fully diluted share count. The post KULR Tech Adds $9M Bitcoin, Treasury Swells to 800 BTC – Next MicroStrategy? appeared first on Cryptonews.

"DOGE seems like it's about to absolutely explode to the upside," one X user suggested.

Bitcoin price holds above $104K as accumulation heats up and rare RSI patterns emerge. Analysts see $120K on the horizon—here’s what to watch next. The post Bitcoin Price Prediction: This Rare Pattern Just Flashed — Could $120K Come Sooner Than Anyone Thinks?  appeared first on Cryptonews.

XRP’s market capitalization increased 2% QoQ, significantly outperforming the combined market capitalization of BTC, ETH, and SOL, which declined by 22% QoQ. The XRPL EVM Sidechain went live on testnet on March 31 and is scheduled for mainnet launch in Q2. Separately, a timeline has been released to introduce native smart contracts on the XRPL. The first step in this effort is the introduction of Extensions, a feature that allows developers to attach code to existing XRPL primitives to enhance their functionality without entirely new smart contracts. An amendment to enable Smart Escrows (the first Extension) is intended in Q3, while a full Smart Contract devnet is intended in Q4.

The crypto industry's value debate often pits blockchains against DApps, but market trends and infrastructure realities show blockchains remain the foundational layer driving long-term growth. Opinion by: Hatu Sheikh, founder of Coin Terminal Although blockchains and DApps are critical, crypto industry stakeholders often prioritize applications based on adoption principles and revenue distribution. DApps won't function without their underlying chains. The markets must uphold blockchains for long-term value generation. Blockchains and DApps should work collaboratively to coordinate their functions for better usability. Instead, analysts create a binary between chains and DApps based on Web2's structural frameworks. Read more

In the first quarter, U.S. retirement funds in California and New York, among other states, bought MicroStrategy shares.

Dogecoin (DOGE) has dropped by 3% in the past week and currently sits at $0.2205 as the meme coin rally has cooled down a bit after days of strong price upticks and above-average trading volumes.$1.8 billion worth of DOGE has exchanged hands in the past 24 hours, resulting in a 37% decline in trading volumes […] The post Dogecoin Price Prediction: Whale Dumps 170 Million DOGE Tokens But Here’s Why a Hidden Move to $1 Could Be Coming appeared first on Cryptonews.

Michael Arrington argued that executives should be jailed if they don’t “adequately protect” sensitive user data.

A growing number of Americans believe the US government should convert part of its gold reserves into Bitcoin. According to a recent poll by The Nakamoto Project, four out of five respondents support converting a portion of the country’s gold holdings into Bitcoin. The polling results showed that more than 1,000 respondents recommended converting between […] The post Eighty percent of Americans favor converting US gold reserves to Bitcoin, poll reveals appeared first on CryptoSlate.

NBA star Tristan Thompson says taking his $82M contract in 2015 in Bitcoin would have been “the best gamble in American sports history.” NBA player and reality television personality Tristan Thompson signed an $82 million NBA contract in 2015 a dream deal at the time. But now that hes become a Bitcoiner, he dreams of an alternate history where that money was paid via BTC. What I know now, I would have definitely pushed to get paid in Bitcoin, Thompson tells Magazine. Itd be so much, Id be laughing and kicking, being like ‘this is the best gamble in American sports history,’ the longtime crypto fanatic says. Read more

Speculative interest in Cardano is building following Solana ETF filing developments, and traders are eyeing a 2023 Solana-esque move. The post Cardano Price Prediction: ETF Speculation Heats Up – Could ADA Follow Solana’s Path to $100? appeared first on Cryptonews.

Can Ripple’s financial strength outweigh Coinbase’s history with Circle in the race to acquire the stablecoin issuer?

Catena Labs has raised $18 million in a round led by a16z crypto, with participation from major players, to build its new project: an AI-native financial institution. The post Circle and Catena Cofounder Sean Neville Raises $18 Million for ‘First AI-Native Bank’ appeared first on Cryptonews.

South Korea and the European Union have committed to strengthening cooperation to tackle global cyberthreats. The post South Korea, EU Pledge Joint Action Against North Korea’s Crypto Theft appeared first on Cryptonews.

Crypto exchange argues that users agreed to resolve disputes privately under its 2019 Terms of Use, rejecting court jurisdiction. The post Binance Urges U.S. Court to Dismiss Class Action, Citing Arbitration Clause in User Terms appeared first on Cryptonews.