Cointelegraph.com
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Cointelegraph.com - 21:34 May 09, 2025
Staking for Ether ETFs has been a hot topic in 2025, with Grayscale and Fidelity both filing for rule changes that would allow this functionality. Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry. According to a May 9 memo published by the task force, BlackRock sought to “[d]iscuss perspectives on treatment of staking, including considerations for facilitating ETPs with staking capabilities.” The company has previously said that Ether (ETH) exchange-traded funds, while successful, are less perfect without staking. Other crypto ETF issuers share that view. On Feb. 15, the New York Stock Exchange proposed a rule change to introduce staking services for Grayscale’s spot Ether ETFs. In April, the SEC delayed a decision on whether to approve or disapprove the rule change. BlackRock and Grayscale... -
Cointelegraph.com - 21:15 May 09, 2025
The vice president disclosed holding up to $500,001 in Bitcoin in August 2024, but seems to have taken a back seat to Donald Trump in pushing crypto policies at the White House. US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event. According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making him the first sitting US vice president to speak at a digital asset conference. Trump provided a pre-recorded video of himself from the White House to the organizers of the Digital Asset Summit in March — his first appearance at a crypto event since taking office in January — and spoke in person at the Bitcoin 2024 conference in Nashville while campaigning. Read more -
Cointelegraph.com - 20:52 May 09, 2025
Bitcoin bulls aim to flip the $100,000 level to support, and if they succeed, altcoins could rally. Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Read more -
Cointelegraph.com - 20:48 May 09, 2025
The mining company's losses mirror broader sector challenges, with tariffs, operating costs, and reduced block rewards weighing on profitability. Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025, further deteriorating from the same period last year. Revenue fell to $34.4 million from $42.4 million in the same period of 2024, according to the company's earnings report, published May 9. Cost of revenue rose sharply to $24.5 million, up from $14.4 million a year earlier. As a result, TeraWulf's cost of revenue accounted for 71.4% of total income from operations in Q1 2025, more than double the 34% recorded in the prior-year quarter. In Q1 2024, the company posted a net loss of $9.6 million. Read more -
Cointelegraph.com - 20:17 May 09, 2025
The increase in Ether’s staking cap from 32 to 2,048 ETH could make the feature more attractive to institutional participants. Ethereum’s Pectra upgrade doesn’t pose a threat to decentralization, according to Mallesh Pai, senior research director at blockchain software firm Consensys, describing the update as a cleanup of the behind-the-scenes “busy work” currently handled by validators. During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards remain tied to how much ETH they hold, adding that larger validators don’t gain any new advantages under the upgrade: Pectra is Ethereum’s most extensive network upgrade since the Merge took place in September 2022. Pectra allows validators to stake as much as 2,048 ETH, up from the previous limit of 32 ETH. The new standard has raised community concerns about the risks of centralization on the network. Read more -
Cointelegraph.com - 19:35 May 09, 2025
After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry. A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange. That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down. Read more -
Cointelegraph.com - 19:35 May 09, 2025
After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry. A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange. That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down. Read more -
Cointelegraph.com - 19:13 May 09, 2025
Cybersecurity researcher ZachXBT said they identified the wallet linked to the scam. Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said. In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since been deleted. But in 2023, law enforcement detained Sam Curry, a former Yuga Labs security researcher, at an airport as a suspect in the incident, ZachXBT said. Yuga Labs is the company behind the Bored Ape Yacht Club NFT collection. Read more -
Cointelegraph.com - 19:00 May 09, 2025
Bitcoin price closely tracks global liquidity, but with tightening credit and rising volatility, its cycle may be nearing a turning point. Key takeaways: Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal. In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries. Read more -
Cointelegraph.com - 18:00 May 09, 2025
The crypto market soared past $3.27 trillion as Bitcoin reclaimed $100,000, Ether jumped 26% after the Pectra upgrade and Trump’s UK trade deal fueled bullish sentiment. The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week. Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC sentiment. This marked the third time BTC has broken through six figures since it reached the milestone on Dec. 5, 2024, and again on Jan. 20, ahead of US President Donald Trump’s inauguration. The BTC rise coincided with Trump announcing a trade deal with the United Kingdom, which may include removing a 10% blanket tariff on all imports. Read more -
Cointelegraph.com - 17:30 May 09, 2025
Incorporating Galaxy Digital in the US state of Delaware is a key step toward obtaining a listing on the US-based Nasdaq stock exchange. Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company’s listing on the Nasdaq stock exchange. Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange, by the middle of May, pending approval from the Toronto Stock Exchange, on which the company is already listed, and shareholder approval at a special shareholders meeting on May 9. Shareholders at the meeting must approve redomiciling Galaxy Digital in the US state of Delaware, known for its business-friendly regulations, before the process can move forward, according to an announcement from the company. Read more -
Cointelegraph.com - 16:14 May 09, 2025
Bitcoin's positive performance in diverse market conditions, strong risk-adjusted returns, and institutional buying pressure could push it past $110,000 in May. Key Takeaways: Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse. Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns. Read more -
Cointelegraph.com - 15:00 May 09, 2025
GPUs dominate the AI landscape, but CPUs remain an untapped resource capable of powering diverse AI tasks efficiently. Decentralized compute networks could save costs and scale AI infrastructure in smarter ways. Opinion by: Naman Kabra, co-founder and CEO of NodeOps Network Graphics Processing Units (GPUs) have become the default hardware for many AI workloads, especially when training large models. That thinking is everywhere. While it makes sense in some contexts, it's also created a blind spot that's holding us back. GPUs have earned their reputation. They're incredible at crunching massive numbers in parallel, which makes them perfect for training large language models or running high-speed AI inference. That's why companies like OpenAI, Google, and Meta spend a lot of money building GPU clusters. Read more -
Cointelegraph.com - 14:59 May 09, 2025
Bitcoin is attracting ever more optimistic BTC price targets as a return to six figures is met with acceptance instead of rejection — is $150,000 or more next? Key points: Bitcoin continues to attack a key resistance zone below all-time highs. “Parabolic” BTC price talk begins to resurface as bulls hold six figures after the Wall Street open. Read more -
Cointelegraph.com - 13:46 May 09, 2025
Bitcoin surged past $100,000 on May 8 as institutional investors ramped up ETF inflows, with ARK 21Shares, Fidelity and BlackRock leading the charge. Bitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats. Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich. “These inflows indicate the activity of institutional investors, including hedge funds and asset managers, who continue to accumulate BTC through regulated instruments,“ he said. Read more -
Cointelegraph.com - 13:30 May 09, 2025
Animoca Brands' Yat Siu says rethinking how we fund education could be the breakthrough that brings blockchain to the mainstream — starting with DeFi student loan financing. Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough. Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value proposition to date. On April 30th, Pencil Finance, a project supported by Animoca Brands and its education arm Open Campus, announced a $10 million student loan financing initiative aimed at providing cheaper, blockchain-backed loans. Siu believes this type of infrastructure investment goes further than symbolic funding. Read more -
Cointelegraph.com - 12:58 May 09, 2025
The Ethereum Foundation distributed $32.6 million in Q1 2025 grants to support education, ZK tech developer tools and the wider blockchain ecosystem. The Ethereum Foundation, the nonprofit that supports development across the Ethereum blockchain, distributed $32.6 million in grants in the first quarter of 2025. In an allocation update, the organization reported spending on various initiatives through its Ecosystem Support Program (ESP). Categories included community and educational grants, zero-knowledge and cryptography. Other allocations included execution layers, developer experience and tools, layer-2 networks and overall ecosystem growth and support. Read more -
Cointelegraph.com - 12:51 May 09, 2025
Gemini’s new derivatives offering in Europe will include perpetual futures and other derivatives, which will be available to advanced exchange users. Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe. Gemini secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the exchange to offer crypto derivatives in the European Union, it announced on May 9. “Once we commence business activities, we will be able to offer regulated derivatives throughout the EU and EEA [European Economic Area] under MiFID II,” said Gemini’s head of Europe, Mark Jennings. Read more -
Cointelegraph.com - 12:45 May 09, 2025
With 72M+ users and addictively simple gameplay, TapSwap is more than just a crypto fad — it’s evolving into a full-scale blockchain gaming platform. TapSwap is a tap-to-earn Web3 application that lives inside Telegram — no separate download required. Are your crypto friends obsessed with tapping their phones all the time? Welcome to the world of TapSwap. TapSwap is a tap-to-earn game released in mid-2024 in the Telegram Mini Apps ecosystem. The game quickly catches your attention: one minute you’re just curious… the next, you’re tapping away at 2 am trying to squeeze out one more energy boost. Read more -
Cointelegraph.com - 12:14 May 09, 2025
Senate Banking Committee Chairman Tim Scott blamed the failure of the GENIUS Act on Democrat-led partisan politics. Senate Banking Committee Chairman Tim Scott blamed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act’s failure on partisan politics during a Senate speech on May 8. Scott said the vote, which failed to reach cloture in the Senate, was expected to mark a step toward greater affordability and innovation. Instead, he said, political divisions took precedence. “Instead, we witnessed a disappointing display of political gamesmanship that puts partisan politics above policy, and obstruction above innovation, “Scott said. Read more
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