Cointelegraph.com
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Cointelegraph.com - 01:53 May 13, 2025
The X accounts of ZKsync and Matter Labs were hacked, with attackers apparently aiming to crash the ZK token by falsely claiming US authorities were probing the platform. The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network was being probed by US authorities, among other scam messages. A ZKsync-related X account posted on May 13, confirming the accounts for ZKsync and Matter Labs were compromised, warning users not to interact after the accounts shared links to a fake airdrop in an apparent phishing scam. The hacked ZKsync and Matter Labs then both posted a fake statement claiming ZKsync was under investigation by the US Securities and Exchange Commission and that the Treasury Department could impose sanctions on the platform. Read more -
Cointelegraph.com - 01:31 May 13, 2025
Crypto financial services firm Anchorage Digital has bolstered its stablecoin offerings with the acquisition of stablecoin issuer firm Mountain Protocol. Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM). The acquisition, which is subject to customary closing conditions and regulatory approval, will integrate the Mountain Protocol team, tech stack and licensing framework into Anchorage’s existing offerings, Anchorage said in a May 12 statement. While terms of the deal weren’t disclosed, it reflects an accelerating number of acquisitions between crypto and TradFi firms in recent months. Read more -
Cointelegraph.com - 01:01 May 13, 2025
A bullish pattern emerged on Dogecoin’s weekly chart, leading traders to anticipate a 180% gain from DOGE. Key Takeaways: Dogecoin's 38% surge reflects strong market demand, with spot-buyer volumes taking charge since March. A bullish MACD crossover has traders predicting a 180% rally, with targets at $0.65 and $1. Read more -
Cointelegraph.com - 23:42 May 12, 2025
Onchain security firm Blockaid speculates it might be a front end attack, and says not to sign transactions and avoid interactions with Curve until the issue is resolved. Update May 13, 12:33 am UTC: This article has been updated to include more information from Curve Finance. Decentralized finance (DeFi) protocol Curve Finance has warned that a hacker has again hijacked its domain name system (DNS), sending users to a malicious website. In the second attack on its infrastructure in a week, the “curve.fi DNS might be hijacked. Don’t interact!” the team said in a May 12 warning to X. Read more -
Cointelegraph.com - 22:50 May 12, 2025
Aave said the figure is the highest ever across decentralized finance protocols. Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama. In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has approximately $40 billion in TVL. Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers. Read more -
Cointelegraph.com - 22:30 May 12, 2025
"Black Tie preferred, but optional," according to the project offering 220 wallet holders the chance to meet with the US president after they invested millions in his memecoin. The list of the top holders of US President Donald Trump’s memecoin has been finalized ahead of background checks to apply for a dinner and “VIP tour” with the president on May 22. In a May 12 X post, the TRUMP memecoin project said it would stop considering additional purchases for a dinner with the president, adding that the top tokenholders had been notified to apply for background checks if they wanted to attend. According to data provided on the project’s leaderboard, the top 220 wallets held more than 13.7 million tokens as of May 12, worth roughly $174 million at the time of publication. Read more -
Cointelegraph.com - 22:12 May 12, 2025
Crypto exchange Coinbase will soon be indirectly added to millions of investment portfolios as it is set to join the S&P 500 index on May 19. Crypto exchange Coinbase Global (COIN) is set to join the Standard and Poor’s 500 (S&P 500) on May 19, becoming the first and currently only crypto firm to make it into the index. The crypto exchange will replace Discover Financial Services (DFS), which was recently acquired by Capital One Financial Corp (COF), S&P Global said on May 12. The S&P 500 is a stock market index that tracks the performance of 500 of the largest, publicly traded companies in the US, representing a broad measure of the overall US stock market. Coinbase’s inclusion in the S&P 500 should increase demand for its stock because index funds and exchange-traded funds that track the S&P 500 must buy COIN shares to mirror the index. The S&P 500 tracked an aggregate market cap of $49.8 trillion as of March 31. It is a market-cap-weighted index, giving more weight to larger firms such as Microsoft, Apple,... -
Cointelegraph.com - 22:00 May 12, 2025
Bitcoin data suggests that potential profit-taking in the $106,000 range is likely to occur before BTC bulls attempt to set new all-time highs. Key Takeaways: Bitcoin exhibits a bearish breakout from an ascending channel, with the risk of profit-taking near $106,000. A lower-than-expected US Consumer Price Index (CPI) print could boost Bitcoin, but a higher CPI may increase bearish pressure, leading to a price drop below $100,000. Read more -
Cointelegraph.com - 21:51 May 12, 2025
Authorities have asked for 24 months for Eric Council Jr., the individual who pleaded guilty to a charge for compromising the SEC's X account in 2024. The US government has asked a federal judge to impose a two-year sentence for Eric Council Jr., the individual who helped post a fake message announcing the approval of Bitcoin exchange-traded funds through the Securities and Exchange Commission’s (SEC’s) X account. In a May 12 filing in the US District Court for the District of Columbia, prosecutors recommended Judge Amy Berman Jackson sentence Council to two years in prison for his role in posting a message to the social media platform X suggesting that the SEC had approved spot Bitcoin (BTC) exchange-traded funds (ETFs) for the first time in January 2024. The fake announcement, which shook markets in the roughly 24 hours before the regulator actually approved spot Bitcoin ETFs, led to the arrest of Council. “This case deserves a guidelines range prison sentence,” said US prosecutors. “Defendant profited thro... -
Cointelegraph.com - 21:43 May 12, 2025
SEC Chair Paul Atkins signaled a shift from enforcement-first policy to clear rulemaking during the Commission's roundtable on May 12. Blockchain technology could enable “a broad swath of novel use cases for securities” and foster “new kinds of market activities that many of the Commission’s legacy rules and regulations do not contemplate today,” Securities and Exchange Commission (SEC) Chairman Paul Atkins said. During his keynote address at the Commission’s May 12 roundtable on tokenization and digital assets, Atkins welcomed “a new day at the SEC,” adding that “policymaking will no longer result from ad hoc enforcement actions. Instead, the Commission will utilize its existing rulemaking, interpretive, and exemptive authorities to set fit-for-purpose standards for market participants.” A key priority will be to “develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad ... -
Cointelegraph.com - 20:55 May 12, 2025
Bitcoin is witnessing profit booking near its all-time high, but it is likely to find solid support at $100,000. Will altcoins follow? Key points: Bitcoin price saw profit booking near $105,819, signaling that bears remain active at higher levels. Select altcoins have continued to move higher, indicating increased investor interest. Read more -
Cointelegraph.com - 20:52 May 12, 2025
Eric Adams spoke at a press conference in New York City on May 12 to announce that it was "open for business" for crypto firms. New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans. In a May 12 press conference at Gracie Mansion, the the city’s official mayoral residence, Adams said June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, would be assisting the city in its crypto efforts. He spoke of Ou and Hecker acting as advisers for New York City’s next steps in “economic development and opportunities to serve the public using digital assets.” “We are focused on the long-term values of these technologies for our city and its people, not chasing memes or trends,” said Adams, adding: Read more -
Cointelegraph.com - 19:50 May 12, 2025
Bitcoin price takes an unexpected turn to the downside even as stocks soar following the US-China trade deal announcement. Key takeaways: Bitcoin lags as investors shift toward stocks after the US and China strike a deal that could end the current trade war. Macroeconomic conditions are swinging away from gold investing and back to stocks. Read more -
Cointelegraph.com - 19:40 May 12, 2025
The asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF's regulatory filing. Emerging technologies, including quantum computing, could potentially render the cryptography securing Bitcoin and other blockchain networks ineffective, asset manager BlackRock said in a regulatory filing. On May 9, BlackRock updated the registration statement for its iShares Bitcoin ETF (IBIT). The revised version addressed potential risks to the integrity of the Bitcoin network posed by quantum computing, the filing shows. “[I]f quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world’s information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,” BlackRock said. Read more -
Cointelegraph.com - 19:02 May 12, 2025
Despite restrictions in many developed markets, USDt still commands 61% of the total stablecoin market by circulating supply. Tether’s USDt (USDT) surpassed a $150 billion market capitalization for the first time on May 12, marking a new milestone amid growing stablecoin adoption. USDt’s circulating supply has expanded by over 36% in the past year, with growth accelerating in November following the election of US President Donald Trump. At its current supply, Tether accounts for 61% of the global stablecoin market, according to CoinMarketCap data. It’s followed by Circle’s USDC (USDC), which accounts for nearly 25% of the stablecoin market. Read more -
Cointelegraph.com - 18:16 May 12, 2025
Bitcoin sells off after nearly rallying to $106,000, but data suggests the correction will be short-lived. Key takeaways: Possible de-risking ahead of the May 13 CPI print could be playing a role in today’s BTC price correction. Bitcoin market structure and qualitative fundamentals remain bullish, suggesting today’s correction could be short-lived. Read more -
Cointelegraph.com - 15:41 May 12, 2025
The PREH Multifamily Fund is being tokenized on the RWA-focused Chintai blockchain. Patel Real Estate Holdings (PREH) has launched a $100 million tokenization fund on the Chintai blockchain, aiming to give accredited investors access to institutional-grade real estate opportunities. The new PREH Multifamily Fund is a tokenized investment vehicle focused on vintage Class A multifamily units across the top 20 US growth markets, the company told Cointelegraph on May 12. “The entire structure is digital-native from the start — compliant onboarding, reporting, capital calls, and (potential) secondary market transfers,” a PREH spokesperson said. Read more -
Cointelegraph.com - 15:00 May 12, 2025
As Bitcoin’s value skyrockets, governments may turn to wealth taxes to tap into unrealized gains, raising questions about the future of crypto taxation. Opinion by: Robin Singh, CEO of Koinly Is there a catch for Bitcoin hodlers, with the asset’s price up over 600,000% since the beginning of 2013? Perhaps — if governments keep waking up to Bitcoin’s value, the whole “you only pay tax when you sell” mantra could soon be a thing of the past. Read more -
Cointelegraph.com - 14:28 May 12, 2025
Bitcoin pauses as major assets catch up to the US-China trade deal announcement, with $102,000 on the cards as a BTC price support retest target. Key points: Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news. Nearby order book liquidity forms potential targets for traders, which now include $102,000. Read more -
Cointelegraph.com - 14:13 May 12, 2025
Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock transaction, with the combined entity operating under the American Bitcoin brand. Bitcoin mining firm American Bitcoin is going public through a merger with crypto mining company Gryphon Digital Mining, the companies announced on May 12. Under the terms of the deal, Gryphon Digital Mining will acquire American Bitcoin in a stock-for-stock transaction. After the merger, the new company will operate under the American Bitcoin brand and be led by its board of directors, which includes Eric Trump, the second-eldest of US President Donald Trump’s three sons. News of the merger coincided with a sharp rise in Gryphon Digital Mining’s stock price, which climbed from $0.52 on May 9 to $2.15 at the time of writing, a gain of more than 313%, according to Google Finance. The announcement follows early April reports that American Bitcoin was considering an initial public offering (IPO). Read more
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