Cointelegraph.com
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Cointelegraph.com - 19:54 May 01, 2025
Veteran trader Peter Brandt says Bitcoin price could rally to $150,000 by summer if it can “regain the broken parabolic slope.” Key takeaways: Bitcoin could reach $150,000 by August or September of this year if BTC breaks above the parabolic slope pattern. Bitcoin (BTC) price jumped to new quarterly highs at $96,700 on May 1, a day after the US GDP contracted -0.3% for the first time since Q2 2022. Amid heightened economic concerns, the probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 Federal Reserve meeting. Read more -
Cointelegraph.com - 19:46 May 01, 2025
Cointelegraph’s LONGITUDE Dubai edition brought together executives from Polygon and Near Protocol to explore the intersection of AI and blockchain. Cryptocurrency can accelerate artificial intelligence adoption by helping AI startups onboard users, according to Polygon's co-founder Sandeep Nailwal. “You can use crypto incentives and disincentives to onboard users to onboard the ecosystem players,” Nailwal said during a panel discussion at the LONGITUDE by Cointelegraph event. He added that projects with effective onchain incentive structures might even “build a better AI because you have this incentive engine that brings in developers,” Nailwal said on May 1. Read more -
Cointelegraph.com - 19:03 May 01, 2025
Paolo Ardoino said that the recently implemented European framework on digital assets was "very dangerous when it comes to stablecoins." Paolo Ardoino, CEO of stablecoin issuer Tether, addressed criticism over the company's decision not to seek registration under the European Union’s Markets in Crypto-Assets (MiCA) framework, arguing that the regulations were risky for stablecoins. Speaking to Cointelegraph at the Token2049 conference in Dubai, Ardoino reiterated that Tether had no plans to apply for its US dollar-pegged stablecoin USDt — the largest by market capitalization — to be compliant under MiCA in European countries, potentially forcing exchanges to delist the stablecoin. He added that though crypto firms had to follow regulations, there was a “fear of compliance” among companies in the EU. “[...] MiCA license is very dangerous when it comes to stablecoins, and I believe that is even more dangerous for the small, medium banking system in Europe,” said the Tether CEO, adding that banks in the region c... -
Cointelegraph.com - 16:53 May 01, 2025
Coinbase is halting trading of Movement Labs’ MOVE token on May 15, citing noncompliance with its listing standards. Crypto exchange Coinbase has announced it will suspend trading of the Movement Network token (MOVE), the native cryptocurrency of the Movement layer-2 blockchain protocol, developed by Movement Labs, effective May 15. The decision was shared in a May 1 X post, with Coinbase citing the token’s failure to meet its listing standards. The price of the MOVE token also declined by approximately 14.5% in the last 24 hours. Coinbase specified the details of the suspension in an announcement: The suspension of the token follows a recently announced third-party review orchestrated by the Movement Network Foundation into an agreement allegedly signed by Movement Labs and a market-making firm, which is said to be behind the downfall of the MOVE token price in December 2024. Read more -
Cointelegraph.com - 16:17 May 01, 2025
The introduction of Ethereum R1 deviates from traditional layer-2 developments that have come to characterize Ethereum's scaling networks. A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token. According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project's team wrote in a May 1 X post: “Most L2s today are acting more like new L1s than an Ethereum scaling solution — private allocations, opaque governance, and centralized control,” the developers continued. Read more -
Cointelegraph.com - 15:17 May 01, 2025
“The world looks to New York, and the world looks to [its] Department of Financial Services,” veteran crypto regulator Ken Coghill told a Cornell audience. Love it or leave it, New York State has been a force in crypto regulation. Ten years ago, the state created the United States’ first comprehensive regulatory framework for firms dealing in cryptocurrencies, including key consumer protection, anti-money laundering compliance and cybersecurity guidelines. In September 2015, the New York Department of Financial Services (NYDFS) issued its first BitLicense to Circle Internet Financial, enabling the company to conduct digital currency business activity in the state. Ripple Markets received the second BitLicense in 2016. Circle and Ripple went on to become giant players in the global cryptocurrency and stablecoin industry. Read more -
Cointelegraph.com - 15:04 May 01, 2025
Bitcoin attempts to punish shorters with relentless higher highs on low timeframes, trading places with gold, which follows commodities downhill. Bitcoin (BTC) gained 3% on May 1 as a new month saw shorts struggle to keep price pinned. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $96,955 on Bitstamp, its highest since Feb. 22. Increasingly close to six figures, Bitcoin rose with US stocks at the Wall Street open as Microsoft gained 10% to become the world’s highest-valued public company. Read more -
Cointelegraph.com - 15:00 May 01, 2025
Enterprise-grade custody solutions can safeguard digital assets with multi-layered security and transparency. Opinion by: Vikash Singh, Principal Investor at Stillmark The Bybit hack resulted in the largest loss of funds to cyber hackers by a cryptocurrency exchange in history. It served as a wake-up call for those complacent about the state of security threats in the digital assets space. Everyone must learn the lesson from this heist — enterprise-grade custody solutions require tech to be accompanied by transparency. Unlike many previous incidents, this loss of funds was not due to a faulty smart contract, lost/mismanaged keys or deliberate mismanagement or rehypothecation of user funds, but rather a sophisticated social engineering attack that exploited vulnerabilities in operational security. Read more -
Cointelegraph.com - 14:34 May 01, 2025
Bitcoin’s “base case” for the end of 2025 is $200,000 without further government adoption, Bitwise’s head of research told Cointelegraph. Bitcoin’s expanding institutional adoption may provide the “structural” inflows necessary to surpass gold’s market capitalization and push its price beyond $1 million by 2029, according to Bitwise’s head of European research, André Dragosch. “Our in-house prediction is $1 million by 2029. So that Bitcoin will match gold's market cap and total addressable market by 2029,” he told Cointelegraph during the Chain Reaction daily X spaces show on April 30. The Bitcoin cycle may also be prolonged when US wirehouses start gaining exposure to Bitcoin and ETFs. Read more -
Cointelegraph.com - 14:30 May 01, 2025
Crypto once sought to replace banks. Now, in the fight over stablecoins, it’s forced to play by the same rules and get the same licenses. Crypto firms are no longer just challenging the traditional financial system they are increasingly becoming part of it. Companies like Circle and BitGo are reportedly pursuing banking charters and preparing for a wave of incoming stablecoin legislation that could further blur the lines between crypto firms and traditional banks. In the US, two major bills the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act aim to introduce new rules on stablecoin issuers, covering everything from reserve requirements to licensing and compliance obligations. Read more -
Cointelegraph.com - 14:16 May 01, 2025
Bitcoin is becoming a yield-generating asset class for institutions using DeFi strategies like staking, lending and Sharia-compliant tools. The demand for yield-generating strategies around Bitcoin (BTC) is surging, especially from firms seeking liquidity without liquidating their BTC, according to Ryan Chow, co-founder and CEO of Solv Protocol. During a fireside chat at the Token2049 conference in Dubai on May 1, Chow said institutional interest in Bitcoin yield products has grown exponentially over the past few years. Initially, generating Bitcoin yield was nearly impossible. However, recent innovations like staking via proof-of-stake (PoS) protocols and delta-neutral trading strategies have made this possible. Read more -
Cointelegraph.com - 14:30 Apr 30, 2025
BitcoinOS and Starknet are on the verge of adding smart contract functionality to Bitcoin — with, or without, the controversial OP_CAT fork. BitcoinOS and Starknet arent waiting around for the controversial OP_CAT hard fork to add new functionality to Bitcoin, with both projects devising innovative ways to scale Bitcoin using zero-knowledge (ZK) proofs right now. The projects have both demonstrated it’s possible to verify ZK-proofs on Bitcoins existing mainnet even if Bitcoins ultra-simple scripting language makes it difficult and expensive. This could create genuine Bitcoin L2s that inherit much of its security, and unlock the intriguing possibility of creating programmable tokens on Bitcoin itself. Best known as an Ethereum L2, Starknet wants to use the tech to scale Bitcoin to thousands of transactions per second, up from just 7 TPS today. “The ecosystem in Starknet is very, very enthusiastic about also expanding to Bitcoin,” co-founder Eli Ben-Sasson tells Magazine. BitcoinOS, meanwhile, claims it will s... -
Cointelegraph.com - 14:30 Apr 29, 2025
Global TV hit Peaky Blinders will launch a crypto spin-off in 2026. The makers say it “could be THE game to take Web3 Gaming mainstream.” If youve played the FIFA soccer/football video game anytime in the past few decades, youll have that classic E…A…Sports tagline burned into your brain. But for the first time ever, a new FIFA game is dropping without itand it’s on the blockchain. Built on Polkadot, the new mobile game FIFA Rivals will launch its pre-release in May, before its global launch in June, just in time for the FIFA Club World Cup. It comes from Web3 gaming studio Mythical Games theyre the developers behind the National Football Leagues official blockchain game, NFL Rivals. Much like NFL Rivals, soccer/football fans can build their own teams, play real matches, and trade NFTs of their favorite players. Read more -
Cointelegraph.com - 23:18 Apr 26, 2025
Crypto analysts are casting doubt over Bitcoin’s return to $100,000, Sam Bankman-Fried moves prison: Hodler’s Digest Michael Saylor, the CEO of top corporate Bitcoin holder Strategy (formerly MicroStrategy), expressed support for new US Securities and Exchange Commission (SEC) Chair Paul Atkins. In an April 23 X post, Saylor wrote that SEC Chairman Paul Atkins will be good for Bitcoin. The statement follows Atkins swearing-in as the 34th chairman of the SEC on April 21. Blue Macellari, head of digital assets at investment firm T. Rowe Price, also commented on Atkins in a recent Bloomberg interview. She seemed hopeful and recognized a change in how the SEC has acted under the new administration, particularly with crypto-related information, including close to six or seven roundtables with industry professionals. Read more -
Cointelegraph.com - 22:47 Apr 24, 2025
Clues suggest that Pokémon is headed to Sui, a Filipino Cardinal is a leading Pope candidate on Polymarket, and more. Asia Express Pokmon and crypto fans are speculating that the beloved monster-collecting universe could be taking its first steps into Web3 via the Sui blockchain. On April 23, The Pokmon Company released an update for its Pokmon HOME mobile app, a cloud-based hub for managing and trading Pokmon characters across various games and devices. The update dropped a new medal collection feature, but what really caught the crypto communitys attention was a quiet change in the apps privacy policy. In certain regions, the policy now adds Parasol Technologies as one of the developers that The Pokmon Company may share user data with. Parasol is a blockchain gaming studio recently acquired by Mysten Labs, the core team behind the Sui blockchain. Read more -
Cointelegraph.com - 14:30 Apr 24, 2025
Crypto AI tokens are now more popular than memecoins, robot butlers arrive, plus why does ChatGPT constantly kiss your ass? AI Eye. The crypto AI sector is showing signs of life, with the combined market cap increasing by more than one-third in the past two weeks. The sector soared to a combined market cap of $70.42 billion back in mid-January and just as quickly plummeted back to earth, bottoming out at $21.46 billion on April 9, according to CoinMarketCap. Its now back at $28.8 billion, with much of the growth in the past week. Near gained 26% in the past seven days, Render is up 23%, the Artificial Superintelligence Alliance gained 36%, and Bittensor surged 47%. (That said, even Ether gained 14% this week, so everything has been going up.) The AI crypto sectors outperformance came hot on the heels of a CoinGecko report on April 17 that found that five of the top 20 crypto narratives are AI-related, capturing 35.7% of global investor interest ahead of six memecoin narratives, which had a 27.1% share. The mo... -
Cointelegraph.com - 14:30 Apr 23, 2025
Ethereum’s lead in the $16.1T tokenization race could slip away if maxis don’t insist it’s the only acceptable source for truth for RWAs. For years, the default assumption in the Ethereum community has been that it will inevitably become the global settlement layer for finance. It didnt matter that retail was jumping ship for faster and cheaper chains like Solana and Aptos TradFi would recognize that Ethereum is the most battle-tested, credibly neutral and decentralized network, making it the only viable option for what Boston Consulting Group predicts will be a $16.1-trillion market by 2030. There are signs the prophecy is coming true. BlackRock, Fidelity, Wisdom Tree, Sony, Deutsche Bank, UBS and Coinbase are all making Ethereum the core of their onchain strategies. Last week, Ethereum-based platform Blocksquare announced a $1-billion deal with Vera Capital to tokenize US real estate, and Securitize and Ethena teamed up to launch the Converge L2 to tokenize billions more real-world assets (RWAs). Read more -
Cointelegraph.com - 14:30 Apr 22, 2025
Former Love Island Australia star turned crypto influencer, Vanessa Sierra, shares her secrets for going viral in crypto. Vanessa Sierra went on Australian national television to find love but that didnt work out. A few years later, she accidentally got big on Crypto Twitter, which is almost as good. She says anyone can learn to go viral in crypto if they follow the right steps. Sierra thinks Ethereum co-founder Vitalik Buterin would do well on Love Island as he is quite a funny person. I think hed be entertaining, Sierra tells Hall of Flame, but adds theres little chance hed ever join the show. After making a name for herself on Love Island Australia in 2019 and spending 14 days in the villa, Sierra says she had no intention of blowing up on Crypto Twitter. Read more -
Cointelegraph.com - 23:36 Apr 19, 2025
Swiss bank Sygnum says altcoins may see a resurgence in Q2 2025, Mantra CEO plans team token burn: Hodler’s Digest Mantra CEO John Mullin said he is planning to burn all of his teams tokens in order to win back the trust of the networks community following the sudden collapse of the Mantra (OM) token on April 13. Im planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back, Mullin posted to X on April 16. Mantra set aside 300 million OM, 16.88% of the tokens nearly 1.78 billion total supply, for its team and core contributors. They are currently locked and were scheduled to be released in stages between April 2027 and October 2029, according to an April 8 blog post. Read more -
Cointelegraph.com - 22:34 Apr 17, 2025
Korea’s “cage pumping” crypto market manipulation, Chinese exchange grooming scandal, 67K scammed in Indian pig butchering con. Asia Express. Major cryptocurrency exchanges are under fire over allegations that they gave leveraged platform-locked funds to university students in China to encourage speculative trading. The controversy has drawn comparisons to the countrys campus lending scandal nearly a decade ago, when students burdened with debt were offered exploitative naked loans in exchange for nude pictures as collateral. Bruce Xu, co-founder of ETHPanda, claimed that centralized exchanges were giving students non-withdrawable trial funds for futures trading. Profits could be kept, and students who posted high-return screenshots on WeChat were reportedly offered additional rewards. Xu called the model a way of grooming the next generation of gambling degens. Crypto media outlet BlockBeats called on all exchanges to halt any trial fund promotions targeting students, describing the campaigns as exploitative...
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