US President Donald Trump just announced the first trade deal between the US and the United Kingdom since he imposed higher tariffs on imports in April that shook global markets. In a post on the social media platform Truth Social, Trump says the deal will raise $6 billion in external revenue from 10% tariffs. The …
Monthly archives: May 2025
Trader Says Market Primed for Strong Reversal After Bullish Move – Here’s His Target for Ethereum and Altcoins
A widely followed crypto analyst says that the market is gearing up for a reversal after making a strong move to the upside. In a new thread, pseudonymous crypto trader Crypto Capo tells his 132,000 followers on the instant messaging app Telegram that taking profits may be the optimal play as altcoins look primed to …
US Stablecoin Legislation Halts in Senate Amid Partisan Bickering
A bill designed to overhaul stablecoin regulation in the US halted in the Senate amid partisan negotiations. Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in February. The potential legislation would require stablecoin issuers to maintain backing for their assets on a 1:1 ratio. The bill also states …
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Founder of Crypto Lending Platform Celsius Sentenced to 12 Years in Prison for Fraud
The founder of the collapsed crypto platform Celsius has been sentenced to 12 years behind bars. Alexander Mashinsky was initially arrested in July 2023 on charges of violating securities law by the U.S. Securities and Exchange Commission (SEC). In December 2024, he pleaded guilty to a multi-billion-dollar crypto fraud. The Department of Justice (DOJ) said Mashinsky …
Ethereum’s new staking limit is not a risk to decentralization, says Consensys researcher
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 …
US senators ask DOJ, Treasury to consider Binance-Trump ties — Report
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 …
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Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft
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 …
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Bitcoin price rallies as global liquidity growth accelerates — Analysts
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 …
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Top US Crypto Exchange Coinbase To Acquire Derivatives Platform Deribit
The largest crypto exchange by trading volume in the US just inked an agreement to acquire the Dubai-based derivatives platform Deribit. In a statement, Coinbase says the deal costs approximately $2.9 billion, which includes $700 million in cash and 11 million shares of its Class A common stock subject to purchase price adjustments. “This strategic …
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Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next
Bitcoin reaches a key battleground at $104,000, but bulls are starting to struggle with upside momentum as new all-time highs suddenly come within reach. Key points: Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next. After hitting $104,000, BTC/USD is retracing to establish support, …
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Germany seizes $38M in crypto from Bybit hack-linked eXch exchange
The $38 million crypto seizure from Bybit hack-linked eXch was the third-largest crypto confiscation in the history of Germany’s federal criminal police. German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack. The seizure, announced on May …
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Taiwan lawmaker calls for Bitcoin reserve at national conference
Taiwan legislator Ko Ju-Chun proposed allocating a small percentage of the Taiwanese reserves to Bitcoin as part of the diversified reserve strategy. Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty. Ko, a legislator at-large in …
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Senator Tim Scott slams partisan politics for failed stablecoin bill
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 …
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Metaplanet issues another $21M in bonds to fuel Bitcoin purchases
Metaplanet issued its 14th Series of Ordinary Bonds, raising $21.25 million to fund additional Bitcoin (BTC) purchases as the company deepens its strategic pivot toward digital assets. The bonds were approved at a board meeting on May 9 and fully subscribed by EVO FUND, according to the regulatory filing. The notes will be structured as …
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Gemini secures license to expand EU crypto derivatives offerings
US-based Gemini has received a Markets in Financial Instruments Directive (MiFID) II license from the Malta Financial Services Authority (MFSA), according to a May 9 statement shared with CryptoSlate. This allows the exchange to offer regulated crypto derivatives across the European Union (EU) and European Economic Area (EEA). With the license, the exchange can begin …
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