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Bitcoin yet to hit $150K because outsiders are ghosting — Michael Saylor
May 10, 2025
Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market.“I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9.The lack of […]
Ethereum price greenlit for further upside after surprise 29% ETH rally
May 10, 2025
Key takeaways:ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed out at $1,385 […]
Doodles NFT token stalls after airdrop
May 9, 2025
The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network.According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million at the time of writing.Overall, the much-anticipated airdrop […]
Solana price gained 500% the last time this SOL metric turned bullish
May 9, 2025
Key Takeaways:Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence.Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point, with a […]
Here’s what happened in crypto today
May 9, 2025
Today in crypto, Galaxy Digital gets US approval to redomicile ahead of a planned Nasdaq listing. German authorities seize $38M in assets tied to the Bybit hack and SEC Commissioner Crenshaw criticizes the agency’s Ripple settlement.Galaxy Digital approved for US domicile, clearing way for Nasdaq listingGalaxy Digital has been approved by the US Securities and […]
BlackRock, crypto task force discuss ETP staking, tokenization
May 9, 2025
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 […]
US VP Vance to speak at Bitcoin conference amid Trump crypto controversies
May 9, 2025
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 […]
Price predictions 5/9: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
May 9, 2025
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.Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post, CoinGlass said that […]
TeraWulf Q1 loss widens amid rising costs, falling revenue
May 9, 2025
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 […]
Ethereum's new staking limit is not a risk to decentralization, says Consensys researcher
May 9, 2025
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 […]
US senators ask DOJ, Treasury to consider Binance-Trump ties — Report
May 9, 2025
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 […]
Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft
May 9, 2025
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, […]
Bitcoin price rallies as global liquidity growth accelerates — Analysts
May 9, 2025
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.On a shorter timeframe, global liquidity follows a cyclical pattern, with Michael Howell projecting the current cycle […]
Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined
May 9, 2025
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 […]
Galaxy Digital approved for US domicile, clearing way for Nasdaq listing
May 9, 2025
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 […]
Chance of Bitcoin price highs above $110K in May increasing — Here’s why
May 9, 2025
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.A buyer-dominant market signals strong institutional and retail interest that could drive a supply squeeze and break new […]
AI's GPU obsession blinds us to a cheaper, smarter solution
May 9, 2025
Opinion by: Naman Kabra, co-founder and CEO of NodeOps NetworkGraphics 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 […]
Is Bitcoin about to go parabolic? BTC price targets include $160K next
May 9, 2025
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.Signs of profit-taking are increasing amid the highest prices since January.Bitcoin (BTC) is attracting “parabolic” price targets as bulls continue to hold six figures on May 9.BTC/USD 1-hour […]
Institutional investors continue to scoop up Bitcoin above $100K
May 9, 2025
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 […]
Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu
May 9, 2025
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 […]
Cointelegraph Editor Pick
US senators ask DOJ, Treasury to consider Binance-Trump ties — Report
May 9, 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.
Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next
May 9, 2025
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.
Finally blast into space with Justin Sun, Vietnam’s new national blockchain: Asia Express
May 8, 2025
Publicity stunt master Justin Sun is finally blasting into space on Blue Origin — and you can join him. Vietnam’s new TradFi L1. Asia Express.
Mashinsky’s 12-year sentence sets tone of enforcement in Trump era
May 8, 2025
A federal court has agreed with the Trump-appointed US attorney to levy a harsh sentence on former Celsius CEO Alex Mashinsky.
SocialFi has failed to take off — Here's what needs to change
May 7, 2025
SocialFi's struggle to succeed stems from technical hurdles, user experience barriers, and fragmentation. It needs purpose-built infrastructure, seamless user experiences, and innovative social networking models.
CoinDesk
As Meta Said to Mull Tokens, Senator Warren Calls for Blocking Big Tech Stablecoins
May 9, 2025
While the top Democrat on the Senate Banking Committee argues for stablecoin limits, she and colleagues also questioned Binance's talks with Treasury.
Bitcoin Miner MARA Stock Surges Despite Earnings Miss as Analysts Applaud Cost Cutting
May 9, 2025
Both Jefferies and H.C. Wainwright analysts said MARA's focus on lowering power cost, that differentiates the miner from its peers.
Trump Family-Linked Firms Profited $320M on Memecoin Despite 87% Decline Since Day One
May 9, 2025
Data from Chainalysis show the creators of the TRUMP token made $320 million in fees while retail investors lost money.
CoinDesk Weekly Recap: Even ETH Is Up
May 9, 2025
PLUS: Coinbase's big deal; Pectra upgrade; stablecoins penetrate; bitcoin lending returns.
Samourai Wallet Prosecutors Say Delayed FinCEN Disclosure Wasn’t a Brady Violation
May 9, 2025
At most, the late disclosure impacts one of the two charges against Samourai Wallet’s co-founders, prosecutors said in their Friday letter to the judge.
Coinbase Divides Wall Street Analysts After Earnings Miss, Deribit Takeover
May 9, 2025
The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
Gemini Secures MiFID II License From Malta to Offer Derivatives in EEA
May 9, 2025
The license awarded by the Malta Financial Services Authority (MFSA) will enable the company to offer perpetual futures and other derivatives across Europe.
Bettors Lose Millions Predicting the New Pope as Polymarket Edge Fizzles Out
May 9, 2025
The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.
CoinDesk 20 Performance Update: Uniswap (UNI) Surges 13.5% as Index Trades Higher
May 9, 2025
NEAR Protocol (NEAR) joined Uniswap (UNI) as a top performer, gaining 11.7%.
Market Maker Flowdesk Expands Capital Market Offerings With New Institutional Credit Desk
May 9, 2025
Institutions trading crypto need more than fast execution, they need tools to unlock capital and build precise strategies says Flowdesk’s U.S. CEO.
DOGE, XRP, ETH, SOL Follow Bitcoin Through the Cloud as Altcoin Momentum Builds
May 9, 2025
Top altcoins are mimicking BTC's late April bullish breakout that set the stage for a rally to $100,000.
Crypto Daybook Americas: PEPE Signals Altcoin Frenzy as Rampant Ether Outpaces Bitcoin
May 9, 2025
Your day-ahead look for May 9, 2025
Germany Seizes $38M From Crypto Platform Suspected of Laundering Bybit, Genesis Hack Proceeds
May 9, 2025
EXch served as a hub for over $1.9 billion in illicit crypto transfers, authorities said, with funds tied to both high-profile hacks and phishing operations.
Bitcoin Sees Surge in Institutional Confidence, Deribit-Listed BTC Options Market Reveals
May 9, 2025
Panning out over just the last week shows a much bigger sign of institutional positioning on BTC, Deribit said.
Metaplanet Plans a Further $21M Bond Sale to Buy More BTC
May 9, 2025
Metaplanet has the largest BTC stash among publicly-traded companies outside North America
Florida Pharma Firm Will Use XRP for Real-Time Payments in $50M Financing Deal
May 9, 2025
“We believe that there are certain advantages to integrating XRP and its related infrastructure into its healthcare ecosystem,” the firm said in the release.
Bitcoin's Price Surge to $104K Liquidates Nearly $400M in Bearish BTC Bets, Opening Doors to Further Gains
May 9, 2025
The rally followed a U.K. trade deal announcement and record ETF inflows exceeding $40 billion.
Explosive ETH, ADA, DOGE Moves Spur $800M in Short Liquidations, Highest Since 2023
May 9, 2025
Bears are nursing their highest losses over two years as majors surged as much as 20%.
ETH Surges 20%, Biggest Gain Since 2021 as Pectra Upgrade Helps Restore 'Confidence'
May 9, 2025
ETH outperforms CoinDesk 20 Index, as bulls comes back while BTC surges above $100k.
SEC, Ripple Ink $50M Settlement Agreement, Ask NY Judge for Green Light
May 8, 2025
District Judge Analisa Torres ordered Ripple to pay the SEC a $125 million fine last year. Under the new settlement agreement, Ripple will get the majority of that money back.
