Cointelegraph.com
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Cointelegraph.com - 21:40 May 22, 2025
Jacob Irwin-Cline said that he doubts he will ever recover the stolen crypto, which represents his life savings. An American tourist in the United Kingdom was reportedly drugged by an individual posing as a taxi driver, who stole the tourist's $123,000 in Bitcoin stored on a cell phone. According to a report from My London, Jacob Irwin-Cline went out to a London bar and had several drinks before calling an Uber to take him home. Cline said that he did not thoroughly check the details of the Uber ride on his phone and left with a random private cab driver resembling the Uber driver at first glance, but driving a different vehicle — a detail Cline would only discover after the incident. Read more -
Cointelegraph.com - 21:33 May 22, 2025
Senate Minority Leader Chuck Schumer will reportedly back efforts to amend the stablecoin bill to add guardrails against Trump crypto ties. Though a majority of members of the US Senate voted to advance a bill to regulate payment stablecoins on May 20, high-ranking Democrats are planning to propose an amendment to the legislation to address President Donald Trump’s connections to the cryptocurrency industry. According to a May 22 Axios report, Senate Minority Leader Chuck Schumer and Senators Elizabeth Warren and Jeff Merkley will file an amendment to the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, to block a US president from profiting from stablecoins. The proposed amendment would come after 18 Democrats sided with Republicans in the Senate in voting to advance the bill on May 20 after it failed a procedural vote on May 8. “Passing the GENIUS Act without our anti-corruption amendment stamps a Congressional seal of approval on Trump selling access and influence to the ... -
Cointelegraph.com - 21:09 May 22, 2025
An increase in leverage use and favorable regulatory changes could trigger an XRP rally to $3.50 and above. Key takeaways: The SEC’s decision on a spot XRP ETF could ignite a significant rally. The current $2.2 billion in XRP futures hints at growing institutional investor demand. Read more -
Cointelegraph.com - 19:32 May 22, 2025
The Cetus team is working with other stakeholders in the Sui ecosystem to freeze and recover all the stolen funds from the recent hack. Cetus, a decentralized crypto exchange (DEX) built atop the Sui blockchain network, said $162 million of over $220 million stolen in a May 22 hack has been frozen. According to the Cetus team, the DEX is working with the Sui Foundation and other entities within the ecosystem to recover the remainder of the funds. The Sui Foundation also confirmed: The Cetus hack is the latest in a string of such incidents impacting crypto and Web3 in the first half of 2025. Cybersecurity continues to be a major issue in crypto, with many industry executives calling for the sector to police itself and establish more robust defenses or risk increased regulatory scrutiny. Read more -
Cointelegraph.com - 18:43 May 22, 2025
Sam Altman didn’t specify how the new devices would operate or what they would look like. OpenAI is planning to develop AI “companion” devices that will integrate artificial intelligence capabilities with everyday life, potentially opening the door to a new high-tech innovation used alongside laptops and smartphones. In an interview with The Wall Street Journal, OpenAI CEO Sam Altman said he and designer Jony Ive are developing these secret devices for mass consumption, with plans to ship 100 million units upon launch. Ives joined OpenAI after his startup, io, was acquired by Altman’s company in a $6.5 billion deal, the Journal reported on May 21. Read more -
Cointelegraph.com - 18:41 May 22, 2025
Solana could be on the verge of a rally to $260, but first, SOL needs to push through a tough overhead resistance level. Key takeaways: Solana’s bull flag pattern projects a rally to $260, but low spot buy volumes have analysts advising caution. After briefly dropping to $160 from $184, Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week. With Bitcoin (BTC) hitting an all-time high, market speculators are banking on eventual capital rotation, which could pump major altcoins like SOL toward new highs. Read more -
Cointelegraph.com - 18:12 May 22, 2025
Kraken, through a partnership with Backed, will offer the product on the Solana blockchain. Crypto exchange Kraken is planning to offer non-US customers the option of trading tokenized US stocks, part of the company’s push to offer more traditional assets via tokenization. The products will be offered through Backed, a new Kraken partner, according to a statement shared with Cointelegraph. Tokens representing the stocks will be stored on the Solana blockchain due to its “unmatched performance, low latency and thriving global ecosystem,” the statement said. “The whole point of crypto is that we're able to see things very transparently,” Kraken co-CEO Arjun Sethi said during Solana's Accelerate event on May 22. ”It's decentralized. It is open-source. You can innovate as quickly as possible, and there's no reason why companies like us can't morph to do that." Read more -
Cointelegraph.com - 17:16 May 22, 2025
Donald Trump is preparing to host up to 220 people at his golf club, with access tied to his memecoin purchases. California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.” In a May 22 notice, Waters said the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025 bill would be aimed at blocking the US president, vice president, members of Congress and their families from engaging in “crypto crime.” The US lawmaker referred to Trump and his wife, Melania, issuing personal memecoins in January, his family launching a stablecoin, USD1, through the crypto platform World Liberty Financial, and the president attempting to establish a national Bitcoin (BTC) reserve as his sons back a BTC mining venture. “Donald Trump is preparing to dine with the top donors of his memecoin who’ve made him, and his family, richer,” said Waters, adding: Re... -
Cointelegraph.com - 16:07 May 22, 2025
Bitcoin bull market momentum is in full force as US jobless claims fail to spark cold feet on risk assets — and a "bigger move" on BTC is expected. Key points: Mixed results for US jobless claims fail to dent risk-asset enthusiasm. Despite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of the Wall Street trading session. Read more -
Cointelegraph.com - 15:58 May 22, 2025
Low funding rates and the absence of overly euphoric investor sentiment accompanied Bitcoin’s rally to new all-time highs, suggesting that much higher prices are in store. Key takeaways: Bitcoin’s rally to new price highs happened as funding rates and trading sentiment remained unusually subdued. Rising stablecoin supply and global M2 growth indicate untapped liquidity and the potential for further price increases. Read more -
Cointelegraph.com - 15:55 May 22, 2025
DeLorean is launching an onchain reservation system and marketplace on Sui, giving users priority access to its upcoming electric vehicle. DeLorean launched an onchain reservation system and non-fungible token (NFT) marketplace for its upcoming electric vehicle launch, introducing a new blockchain-based approach for reserving and reselling cars. According to DeLorean, its Build Slot NFT collection grants holders priority access to purchase DeLorean’s upcoming electric car, Alpha 5 EV. The model is the carmaker’s first vehicle in over 40 years, inspired by the iconic flux capacitor from the movie Back to the Future. The company created an exclusive marketplace for its NFT holders, in which users can buy or trade the NFTs using the USDC (USDC) stablecoin on the Sui network and will be able to earn rewards. Read more -
Cointelegraph.com - 15:00 May 22, 2025
Semiconductor exemptions from recent US tariffs are largely illusory. Most enter via finished products like servers, GPUs, laptops and phones. The supposed benefits of semiconductor exemptions are erased. Opinion by: Ahmad Shadid of O.xyz Semiconductors scored a rare exemption from US President Donald Trump’s aggressive reciprocal tariffs, but the relief is symbolic at best. Most semiconductors enter the US embedded in servers, GPUs, laptops, and smartphones. The finished goods remain heavily tariffed, some with duties reaching up to 49%. The exemption looks good politically but delivers little practical benefit. Nvidia’s DGX systems, crucial for training advanced AI models, do not fall under the exempted HTS codes. Nvidia could pay effective tariffs nearing 40% on these vital components. Such costs threaten to stall critical AI infrastructure projects across the country. Read more -
Cointelegraph.com - 14:30 May 22, 2025
OpenAI’s doomsday bunker plan, the “potential benefits” of propaganda bots, plus the best fake books you can’t read this summer. AI Eye.. In the last AI Eye, we reported that scientists from the four leading AI companies believe theres at least a 10% chance of AI killing around 50% of humanity in the next decade one scientist was buying farmland in the US Midwest so he could ride out the AI apocalypse. This week, it emerged that another doomsday prepper is OpenAI co-founder Ilya Sutskever. According to Empire of AI author Karen Hao, he told key scientists in mid-2023 that “we’re definitely going to build a bunker before we release AGI.” Artificial General Intelligence is the vaguely defined idea for a sentient intelligence smarter than humans. The underground compound would protect the scientists from geopolitical chaos or violent competition between world powers once AGI was released. Read more -
Cointelegraph.com - 13:54 May 22, 2025
The Senate is moving ahead on crypto regulation, and some senators have invested in crypto-related companies. As the question of stablecoin regulation heats up in the US Senate, so has the issue of which members are personally invested in cryptocurrencies and cryptocurrency firms. On May 19, the Senate voted to invoke cloture and move ahead with the GENIUS Act, which would provide a regulatory framework for stablecoins. The measure passed 66-32, with 16 Democrats supporting the bill. Democratic concerns over corruption and politicians’ ties to cryptocurrency firms made the bipartisan move controversial. After the vote was finished, Colorado Senator Michael Bennet introduced the STABLE GENIUS Act. The bill would prevent members of Congress from issuing or investing in digital currency and require them to put their crypto in a blind trust while in office. Read more -
Cointelegraph.com - 13:39 May 22, 2025
Crypto and art NFTs can help investors protect their purchasing power from ongoing fiat currency debasement, according to Raoul Pal. Cryptocurrencies and non-fungible tokens (NFTs) can help investors protect their eroding purchasing power during an era of exponential currency debasement, according to analysts and industry leaders. Investing in digital assets is becoming increasingly important in the “world of the exponential age and currency debasement,” according to Raoul Pal, founder and CEO of Global Macro Investor. “You don’t own enough crypto. When you do, you don’t own enough NFT’s, as art is upstream of wealth. Both will never be this cheap again,” Pal said. Read more -
Cointelegraph.com - 13:30 May 22, 2025
StarkWare’s Noam Nisan joins The Clear Crypto Podcast to demystify staking, explore its economic incentives and weigh the trade-offs between proof-of-work and proof-of-stake. What if a financial system could run itself not by burning electricity, but by rewarding good behavior? That’s the promise of staking, a mechanism that powers many modern blockchains by turning users into network operators. In this week’s episode of The Clear Crypto Podcast, hosts Gareth Jenkinson and Nathan Jeffay sit down with StarkWare’s Noam Nisan to unpack how this trustless engine works, why it matters and what’s really at stake. Jeffay began by highlighting how staking is part of the backbone that keeps the blockchain running, and runs itself, with volunteers. Read more -
Cointelegraph.com - 13:19 May 22, 2025
Bitcoin’s breakout is reviving memecoin mania, with FARTCOIN, POPCAT, and others flashing technicals with massive upside potential for the current bull cycle. Key takeaways: Memecoins like Fartcoin, WIF, SPX6900, and Popcat are outperforming Bitcoin in the short term amid renewed crypto market euphoria. Bullish technical patterns signal more upside for top-performing memecoins. Read more -
Cointelegraph.com - 12:50 May 22, 2025
XRP’s price action is painting a classic bullish continuation pattern on the chart, with a profit target at around $14. Key takeaways: XRP price has gained 4% over the last 24 hours to $2.43, and its open interest has risen by 25%. Positive spot market activity flips the futures funding rate positive, suggesting a return of investor optimism. Read more -
Cointelegraph.com - 12:38 May 22, 2025
UK judges rejected a $11.9 billion claim from BSV investors, ruling that they could have mitigated losses after Binance and others had delisted the token. The United Kingdom’s Court of Appeal partially dismissed a lawsuit brought by Bitcoin SV investors against major crypto exchanges, including Binance, for allegedly conspiring to delist the token in 2019. In a judgment handed down on May 21, the court ruled that investors who held BSV through the delisting period (classified as “sub-class B”) were not entitled to billions in speculative damages based on BSV’s hypothetical growth. These investors had claimed over 8.9 billion British pounds ($11.9 billion) in damages, asserting that Binance’s delisting deprived holders of the chance to profit from BSV’s potential rise to a “top-tier cryptocurrency” like Bitcoin (BTC) or Bitcoin Cash (BCH). Read more -
Cointelegraph.com - 12:10 May 22, 2025
Sui-based DEX Cetus has been hit by an apparent hack, with onchain data showing rapid asset drainage despite the team portraying the incident as a “bug.” Update (May 22, 2025, 1:27 pm UTC): This article has been updated to add further data and statements by Hacken. Cetus, a decentralized exchange (DEX) built on the Sui blockchain, is suspected to have been hit by a massive exploit that may have drained more than $200 million worth of digital assets. Pseudonymous Web3 researcher COMDARE3 posted on X that “users report” that Sui-based DEX Cetus is being exploited.” They also shared a screenshot of Cetus market data on DEX Screener, showing many assets losing well over half of their value over the last 24 hours. Read more
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