Cointelegraph.com
Source:
https://cointelegraph.com
Found 5759 news
-
Cointelegraph.com - 11:48 May 22, 2025
A crypto whale sold over 2,500 ETH before a major rally, then bought back at a much higher price. A crypto trader spent $3.8 million to buy Ether at a significantly higher price after selling the asset for almost the same amount about a month ago. On May 22, blockchain analytics firm Lookonchain reported that a crypto wallet spent $3.8 million to purchase 1,425 Ether (ETH) at $2,670 per coin, reentering ETH after a major rally. On April 13, the same wallet sold 2,522 ETH for $3.9 million, when the asset was trading at about $1,570, a decision that, in retrospect, looks poorly timed. Read more -
Cointelegraph.com - 11:21 May 22, 2025
Singapore’s crypto awareness reached 94%, but ownership dropped to 29% in 2025 from 40% a year earlier as investors shift strategies. Crypto awareness in Singapore has reached an all-time high, with 94% of respondents in a recent survey indicating familiarity with at least one digital asset. However, ownership declined, falling to 29% in 2025 from 40% the previous year, according to Independent Reserve’s fifth annual Singapore Crypto Market Survey released on May 21. The survey, conducted in February with 1,500 participants, revealed that men remain more active in crypto investing than women, 35% compared to 24%. Read more -
Cointelegraph.com - 10:52 May 22, 2025
FIFA is migrating its NFT marketplace and collection to a new Avalanche-powered layer-1 blockchain built for digital fan experiences. The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22. FIFA’s layer-1 (L1) blockchain will be powered by the Avalanche network’s scalability-focused infrastructure for the association’s five billion fans worldwide. The move comes nearly a month after FIFA announced its initial plans to launch a new network for its blockchain-based collectibles. AvaCloud’s Ethereum Virtual Machine (EVM) compatibility will enable smoother integration with decentralized wallets and applications. Read more -
Cointelegraph.com - 10:43 May 22, 2025
Bitcoin surpassed Amazon in market capitalization, hitting $2.205 trillion and marking a symbolic milestone that experts say could boost mainstream investor confidence. Update (May 22, 2025, 2:05 pm UTC): This article has been updated to add statements by Shruti Kohli and Stan Low. The market cap of the world’s first cryptocurrency, Bitcoin, surpassed that of retail and tech behemoth Amazon on “Bitcoin Pizza Day.” Market data shows that Bitcoin (BTC) had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation. Read more -
Cointelegraph.com - 10:27 May 22, 2025
The crypto market is up today, reflecting investors' optimism for a possible continued rally and TOTAL’s strong technicals after BTC price hit new all-time highs. Key points: The crypto market is up 2.5% on May 22, with its capitalization above $3.48 trillion for the first time since February. Bitcoin’s new all-time high of $111,888 is boosting investor confidence across the crypto market. Read more -
Cointelegraph.com - 10:21 May 22, 2025
ChatGPT can help build AI agents that trade crypto, but success depends on the strategy, risk management and market execution, not ChatGPT alone. ChatGPT-powered AI agents automate trading tasks using natural language prompts and API integrations, improving speed and consistency. Successes occur when ChatGPT is used as a support tool, not a fully autonomous trading system. Failures happen when traders over-rely on ChatGPT without real-time data, proper risk management or manual oversight. Read more -
Cointelegraph.com - 10:02 May 22, 2025
Crypto travelers tend to have higher spending per transaction, greater loyalty and more frequent bookings. Travelers using cryptocurrency for booking arrangements spend more than twice as much as regular travelers using fiat money, according to a joint report from Binance Pay and crypto travel platform Travala shared with Cointelegraph. Crypto-based bookings on Travala reached $80 million in 2024, up from $45 million the year before. Crypto travelers are also outspending their fiat counterparts, with an average booking value of $1,211 per transaction, over 2.5 times more than fiat users who spend $469. Additionally, the report said crypto users were three times more valuable over their lifetime due to longer stays and higher repeat bookings, with crypto travelers 57% more likely to make a repeat hotel purchase. Read more -
Cointelegraph.com - 09:06 May 22, 2025
Trump adviser David Sacks says the GENIUS Act will pass the Senate with bipartisan support, potentially unlocking trillions in demand for US Treasurys. David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing. “We have every expectation now that it’s going to pass,” Sacks told CNBC on May 21, following a key procedural vote that saw 15 Democrats join Republicans to clear the filibuster threshold. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is the most advanced federal effort yet to establish a legal framework for dollar-pegged digital assets. Read more -
Cointelegraph.com - 08:37 May 22, 2025
UAE-based lawyer Irina Heaver told Cointelegraph that the new rules allow issuing and listing RWAs on secondary markets. Newly updated guidelines from Dubai’s crypto regulator include provisions on real-world asset (RWA) tokenization and clarify rules for issuers. On May 19, Dubai’s Virtual Asset Regulatory Authority (VARA) released its updated Rulebook for virtual asset service providers (VASPs) operating in the region. The regulator gave market participants until June 19 to comply with the new rules. The regulator previously told Cointelegraph that it had enhanced supervisory mechanisms and brought consistency across activity-based rules. One of the more prominent changes includes regulatory clarity on RWA tokens. Read more -
Cointelegraph.com - 01:40 May 22, 2025
Anthony Pompliano’s fintech-focused SPAC, ProCap Acquisition Corp, rose 7% on its Nasdaq debut after bumping its IPO to $220 million a day before listing. Crypto influencer Anthony Pompliano’s fintech-focused blank-check company, ProCap Acquisition Corp (PCAPU), rose 7% on its debut Nasdaq listing after a last-minute upsizing of its initial public offering. ProCap had boosted its IPO from $200 million to $220 million on May 20, a day before its public launch, pricing its 22 million shares on offer at $10 each. ProCap shares closed the May 21 trading day up 7% at $10.70, which continued with a 1.6% bump after-hours to $10.87, Yahoo Finance data shows. Read more -
Cointelegraph.com - 00:32 May 22, 2025
A Block Earner spokesperson told Cointelegraph that ASIC's case against the firm has escalated to a “broader legal question” around the definition of a financial product. Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product. The Australian Securities and Investment Commission said on May 21 that it wants to ask the High Court of Australia to clarify what the definition of a financial product is and clarify the circumstances when an interest-earning product and the conversion of assets from one form to another are regulated. “The definition of financial product was drafted in a broad and technology-neutral way, and ASIC believes it is in the public interest to clarify this,” the watchdog said. Read more -
Cointelegraph.com - 22:30 May 21, 2025
Idle capital will be deployed onchain into real-world asset (RWA) projects, the asset manager said. VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said. Read more -
Cointelegraph.com - 22:05 May 21, 2025
The US president's intention to host a dinner for people who purchased millions of dollars worth of his memecoin has contributed to slowing or halting crypto bills in Congress. A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest. In a May 21 notice, Minnesota Representative Tom Emmer said he had reintroduced the Blockchain Regulatory Certainty Act, a bill that “solidifies that digital asset developers and service providers that do not custody consumer funds are not money transmitters.”Emmer, a Republican, said Democratic Representative Ritchie Torres would co-lead the bill, making it a bipartisan effort in Congress. “The Blockchain Regulatory Certainty Act reflects a thoughtful, bipartisan effort to get digital asset policy right,” said Torres. “While similar language was voted down in markup last Congress, we took ... -
Cointelegraph.com - 21:43 May 21, 2025
Every member of the five-seat panel who had been serving at the CFTC in January could depart before 2026. Kristin Johnson of the US Commodity Futures Trading Commission (CFTC) has announced that she plans to depart the agency before 2026. In a May 21 notice, Johnson said she planned to step down from the CFTC “later this year,” having completed her term, which ended in April. The commissioner filling a Democratic seat at the financial regulator had served since March 2022 after being nominated by former President Joe Biden. In her farewell message, Johnson cited her work as a sponsor of the Market Risk Advisory Committee, which dealt with “nascent issues that arise with the introduction of decentralized financial products such as digital assets or cryptocurrency and other emerging markets.” Read more -
Cointelegraph.com - 21:30 May 21, 2025
Solana Mobile stands to gross at least $67.5 million in pre-sales of its Seeker device. Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has revealed the next steps for its soon-to-be-shipped Seeker device and the overall ecosystem. The steps include a new, trustless architecture, a native token, and the Seeker ship date. According to the announcement, Solana Mobile will ship the device starting Aug. 4. Seeker is the company’s second-generation device, after the Saga Web3 phone that launched in April 2023. The company unveiled the Seeker phone in September 2024, saying it wouldn’t just be a “memecoin phone.” So far, it has pre-sold 150,000 units. Read more -
Cointelegraph.com - 21:16 May 21, 2025
The digital identification project faces regulatory headwinds in the form of bans and legal scrutiny in several countries. World, OpenAI CEO Sam Altman’s digital identification project, raised $135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company said in an announcement. The capital will be used to expand World's network of iris-scanning orbs and infrastructure in the United States, where the company said in April it would operate in six cities, and increase coverage around the globe, according to the announcement. More than 12.5 million individuals in over 160 jurisdictions have been issued a World ID, the company said. Read more -
Cointelegraph.com - 21:07 May 21, 2025
The jury in John Karony's case took a matter of hours to deliberate after a roughly two-week trial, during which he repeatedly claimed he was innocent. A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation. According to May 21 reporting from the courtroom, in the US District Court for the Eastern District of New York, a jury convicted Karony of conspiracy to defraud the United States, money laundering and wire fraud. Prosecutors and defense lawyers presented their cases over the roughly two-week trial that kicked off with jury selection on May 5. Karony, former chief technology officer Thomas Smith and Kyle Nagy, the platform’s creator, were charged in 2023 for having allegedly “diverted and misappropriated millions of dollars’ worth” of SafeMoon’s SFM token. Smith testified against Karony at trial, while Nagy reportedly fled to Russia and was at large as of May 21. Read more -
Cointelegraph.com - 21:00 May 21, 2025
Bitcoin reaches a new all-time high amid strong weekly momentum with price targets as high as $320,000, but caution is urged. Key takeaways: Bitcoin’s $109,458 all-time high aligns with seven consecutive green weekly candles since April, highlighting the strength of the current bullish momentum. Analysts expect BTC to reach between $135,000 to $320,000 in 2025. Read more -
Cointelegraph.com - 20:00 May 21, 2025
Bitcoin’s rally looks sustainable thanks to $1.37 billion in spot ETF inflows and marginal BTC futures liquidations. Key takeaways: Spot Bitcoin ETF inflows and low leverage suggest the BTC rally has room to grow. US Federal Reserve liquidity and weak bond sales support a Bitcoin push beyond $110,000. Read more -
Cointelegraph.com - 19:41 May 21, 2025
A complaint filed with the Maine Attorney General's office also alleges the attack was only discovered six months after it occurred. A recent filing with Maine’s attorney general sheds new light on Coinbase’s data breach, claiming that nearly 70,000 users were impacted and that the incident went unnoticed for nearly six months. According to the filing submitted by legal firm Latham and Watkins LLP, 69,461 Coinbase users were compromised by the breach, 217 of whom are residents of the US state of Maine. The document also indicates the breach occurred on Dec. 26, 2024, but was only discovered on May 11, 2025 — nearly six months following the cybersecurity incident. Read more
5759 items