Cointelegraph.com
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Cointelegraph.com - 00:49 May 21, 2025
Strive said it is looking to acquire 75,000 Bitcoin from claims tied to Mt. Gox to buy the cryptocurrency at a discount. Vivek Ramaswamy’s Strive is looking to build its Bitcoin holdings by purchasing distressed Bitcoin claims at a discount, starting with claims tied to 75,000 Bitcoin at the bankrupt crypto exchange Mt. Gox. Strive said in a May 20 regulatory filing that it partnered with 117 Castell Advisory Group LLC to target claims to Bitcoin (BTC) that have received definitive legal rulings but are still awaiting distribution. The company said buying the claims would allow it to purchase Bitcoin at a discount and grow its Bitcoin per share ratio ahead of its planned reverse merger with Asset Entities — which is expected to be completed sometime mid this year. Read more -
Cointelegraph.com - 20:54 May 20, 2025
With his reported TRUMP memecoin purchases, Tron founder Justin Sun will have spent more than $90 million on crypto ventures tied to the US president and his family. After weeks of speculation among crypto enthusiasts and news outlets, Tron founder Justin Sun has claimed he owns the wallet that purchased the largest amount of Donald Trump’s memecoin, allowing him to qualify for a dinner and reception with the US president. In a May 19 X post, Sun said he had received an invitation to attend Trump’s dinner at his golf club outside Washington, DC, as part of a reward for the top 220 memecoin holders. The Tron founder claimed he controlled the top wallet on the TRUMP token leaderboard under the username “Sun,” which held roughly $19 million worth of the memecoin at a price of $13.20. According to Sun, he plans to network at the May 22 memecoin dinner, “talk crypto,” and “discuss the future” of the industry. It’s unclear why the Tron founder chose to announce his planned presence at the event now, when the leader... -
Cointelegraph.com - 20:32 May 20, 2025
Institutional investor demand and US fiscal uncertainty drive Bitcoin futures to record highs. Will BTC price follow? Key takeaways: Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors. $1.2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC’s breakout odds. Read more -
Cointelegraph.com - 19:44 May 20, 2025
Ethereum could rally above $3,600 if this unique ETH price indicator holds its current trend. Key Takeaways: Ethereum is forming a bull flag on the daily chart, with a potential breakout above $3,600. If ETH reclaims the 2-week Gaussian Channel mid-line, a 90% rally could occur. Read more -
Cointelegraph.com - 19:20 May 20, 2025
Decentralized exchange Bancor is seeking damages for Uniswap's alleged infringement of its patented technology. Bancor, the creator of a smart contract-based automated market maker, is suing Uniswap for patent infringement, alleging the decentralized finance exchange has used its technology without permission and profited significantly from it. According to the May 20 announcement of the lawsuit, Bancor designed the technology in 2016 and patented it in January 2017. The technology underpins the “constant product automated market maker,” which involves using mathematics to add or withdraw resources from a liquidity pool. The application subsequently led to two issued patents. Bancor alleges that Uniswap used the invention to create its protocol, launched in November 2018. The two organizations are considered competitors in the sector of decentralized finance (DeFi). Read more -
Cointelegraph.com - 18:05 May 20, 2025
One Bitcoin trader says “price discovery” will be “inches away” if BTC bulls manage to liquidate $3 billion in short positions. Key takeaways: An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, proving the bull market continues at a rapid pace. Over $3 billion in Bitcoin short positions are vulnerable above $107,000, creating a “liquidation magnet” that could send BTC price to new highs. Read more -
Cointelegraph.com - 18:00 May 20, 2025
Brian Armstrong recently said it's "not [his] place" to question Donald Trump's ties to crypto, but the CEO, like many in the industry, has been getting more political. Five years ago, Brian Armstrong wanted employees of his cryptocurrency exchange to refrain from expressing political views at work. Now, the Coinbase CEO seems to be open to involvement with Republican figures, including members of US President Donald Trump’s inner circle. In a May 13 X post, Armstrong said members of the Department of Government Efficiency (DOGE) team, spearheaded by Elon Musk, though not set up as an actual department, would be welcome to implement cost-cutting changes at Coinbase after leaving the US government. Armstrong offered to set up an accelerated onboarding process with the exchange, responding to an interview in which at least one DOGE staffer felt ostracized from Harvard University, where he had been enrolled. Read more -
Cointelegraph.com - 17:00 May 20, 2025
Although DeFi accounts for over half of onchain activity, the data remains cumbersome and difficult to understand for ordinary users, according to Validation Cloud. Artificial intelligence platform Validation Cloud has launched a new large language model on the Hedera network, potentially giving decentralized finance users the ability to reach blockchain data in a more accessible way. The Mavrik-1 AI engine has been deployed on Hedera, with several other planned integrations expected during a public rollout later this year, Validation Cloud’s team told Cointelegraph. The AI engine is designed to allow users to interact with DeFi protocols and access blockchain data through natural language queries without needing technical expertise or knowledge. Read more -
Cointelegraph.com - 16:49 May 20, 2025
The task force, headed by Commissioner Hester Peirce, was launched the day after US President Donald Trump took office in January. US Securities and Exchange Commission (SEC) Chair Paul Atkins appeared before lawmakers in one of his first hearings since taking the reins at the financial regulator, addressing questions about his plans for the cryptocurrency industry. In a May 20 hearing discussing oversight of the SEC, Atkins reiterated his pledge to make regulating digital assets a “key priority” while chair. In response to questions from North Carolina Representative Chuck Edwards, the SEC chair did not directly answer how much of the regulator’s funds were used to support the crypto task force headed by Commissioner Hester Peirce, and said its findings were “still under development.” “We should be having something here in the next few months with proposed steps forward,” said Atkins, referring to the task force’s first report. Read more -
Cointelegraph.com - 16:19 May 20, 2025
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 -
Cointelegraph.com - 15:00 May 20, 2025
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 -
Cointelegraph.com - 14:30 May 20, 2025
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 -
Cointelegraph.com - 13:59 May 20, 2025
The recent vote in the Senate to move the GENIUS stablecoin framework ahead has shown glaring cracks in the Democratic coalition. US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor. On May 19, 16 Democratic senators broke from the party line to pass a motion to invoke cloture, which will now set the bill up for debate on the Senate floor. Some of the same Democrats had held up the bill in early May when they withdrew support, citing corruption concerns over President Donald Trump’s cryptocurrency dealings. The bill’s opponents hailed lawmakers’ refusal to support it but were soon taken aback when the senators reversed their position. The lightly amended legislation contained no provisions regarding World Liberty Financial, the Trump family’s crypto venture. Read more -
Cointelegraph.com - 13:50 May 20, 2025
Robinhood has filed a proposal with the US SEC to establish a national framework for real-world asset tokenization, including plans for a new trading platform. Robinhood submitted a 42-page proposal to the US Securities and Exchange Commission (SEC), calling for a national framework to regulate tokenized real-world assets (RWAs). The brokerage is seeking to modernize financial infrastructure by making tokenized assets legally equivalent to their traditional counterparts and enabling compliant onchain settlement, Forbes reported on May 20. In the proposal, Robinhood also revealed plans for creating the Real World Asset Exchange (RRE), a trading platform offering offchain trade matching and onchain settlement for efficiency and transparency. Read more -
Cointelegraph.com - 13:46 May 20, 2025
Kraken has launched MiFID II-regulated crypto derivatives trading for retail and institutional users in Europe following its acquisition of a licensed Cypriot investment firm. Cryptocurrency exchange Kraken announced the launch of regulated derivatives trading on its platform under the European Union’s Markets in Financial Instruments Directive (MiFID II). According to a May 20 announcement, Kraken’s perpetual and fixed maturity crypto futures contracts will be available for trading by retail and institutional customers in the European Economic Area (EEA). The announcement follows the exchange acquiring an MiFID license in early February through the acquisition of a Cypriot investment firm, approved by the Cyprus Securities and Exchange Commission. Kraken’s head of exchange, Shannon Kurtas, said, “Europe is one of the fastest-growing regions for digital asset trading and investment, with some of the most sophisticated and demanding clients and institutions.” Read more -
Cointelegraph.com - 13:25 May 20, 2025
“AI agents will soon conduct most economic transactions,” said Catena Labs CEO Sean Neville, as the company secured $18 million to build a regulated AI-native financial institution. Circle co-founder and Catena Labs CEO Sean Neville has launched a project that aims to develop a financial institution that natively leverages artificial intelligence. On May 20, Catena Labs, the company building an “AI-native financial institution,” announced that it secured $18 million in a funding round led by Andreessen Horowitz (a16z) Crypto, a16z’s crypto and Web3 venture capital arm. Led by Neville, the company aims to realize its vision of a fully regulated financial institution for the AI economy. The company said it will be built for AI agents and human collaborators and will be operated by AI workers with human oversight and AI-specific risk management and compliance approaches. Read more -
Cointelegraph.com - 13:17 May 20, 2025
The German government sold its Bitcoin stash in the summer of 2024, which became a $2.3 billion missed opportunity for Europe’s largest economy. The German government missed out on more than $2 billion worth of Bitcoin profit after selling its holdings in 2024, according to blockchain intelligence firm Arkham. A “German Government (BKA)” labeled cryptocurrency wallet sold 49,858 Bitcoin (BTC) worth over $2.89 billion at an average price of $57,900 across multiple transactions during June and July in 2024. The decision to sell the Bitcoin early cost the German government over $2.35 billion, according to crypto intelligence platform Arkham. Read more -
Cointelegraph.com - 12:45 May 20, 2025
Avalanche, Helix and Faculty Group launch Fusion, a $100 million initiative to build modular, sector-specific blockchain networks. Avalanche, Helix and Faculty Group have launched Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries. Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1 networks and modules, which offer plug-and-play services like compute, identity and data oracles. The team said this approach would be the answer for mainstream adoption, as they attempt to deliver “outcome-driven, domain-specific” blockchain-based economies. Read more -
Cointelegraph.com - 12:18 May 20, 2025
India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to the Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the increasing use of Bitcoin (BTC) and other cryptocurrencies, which remain largely unregulated. “This is a whole parallel economy running with such coins, and it is a danger to the economy of the country,” Justice Surya Kant reportedly said during a recent hearing related to an ongoing investigation into a Bitcoin transaction. Read more -
Cointelegraph.com - 11:12 May 20, 2025
Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud. Binance has filed a motion to dismiss a $1.76 billion lawsuit brought by the FTX estate, accusing the defunct crypto exchange of trying to deflect blame for its own failure. Filed on May 16 in the Delaware Bankruptcy Court, Binance’s legal team called the suit “legally deficient,” stating that FTX’s collapse was not triggered by market manipulation or hostile action but by internal misconduct. “Plaintiffs are pretending that FTX did not collapse as the result of one of the most massive corporate frauds in history,” the filing said, pointing to Sam “SBF” Bankman-Fried’s conviction on seven counts of fraud and conspiracy. Read more
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