Month: May 2025
Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’
White House AI and crypto czar David Sacks says the US could buy more Bitcoin if the government can fund the purchase in a “budget-neutral” way without a tax or adding to the growing national debt. Sacks told Gemini co-founders Cameron and Tyler Winklevoss during a May 27 fireside chat at the Bitcoin 2025 conference … Read more
Australian regulator takes former Blockchain Global director to court
Australia’s markets regulator has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global. Guo will face the court on “allegations relating to multiple breaches of his directors’ duties,” the Australian Securities and Investments Commission said in a May 28 press release. ASIC alleged Guo made multiple breaches of directors’ duties relating … Read more
Altcoin ‘wildfire’ inbound as trader shuts down bear market fears
A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn’t even started yet, as many tokens are still near their local price bottoms. “I don’t understand why people start claiming that a bear market is around the corner,” MN Trading Capital founder Michaël van de Poppe said … Read more
Altcoin ‘wildfire’ inbound as trader shuts down bear market fears
A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn’t even started yet, as many tokens are still near their local price bottoms. “I don’t understand why people start claiming that a bear market is around the corner,” MN Trading Capital founder Michaël van de Poppe said … Read more
Sui Network Steps in to Compensate Cetus Losses in Full After $223M Exploit
Cetus Protocol, the largest decentralized exchange (DEX) on the Sui blockchain, has secured a loan from the Sui Foundation to compensate users in full following a $223 million exploit last week. These funds apply only to cover the bridged assets, and are separate from the frozen funds subject to an onchain community vote. “Using our … Read more
IMF says El Salvador to make ‘efforts’ to stop Bitcoin buys with $120M payments deal
The International Monetary Fund said it has reached an agreement with El Salvador to pay the country $120 million following an initial review of its $1.4 billion loan agreement struck last year. The IMF said on May 27 that as part of the deal, El Salvador will need to fulfill its prior obligations around limiting … Read more
Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism
Bitcoin BTC held steady near $109,000 early Wednesday as traders bet on fresh highs in the coming months, with ether ETH rising over 3% after renewed confidence in Ethereum’s long-term strategy and broader institutional activity. U.S. equities surged following the Memorial Day weekend, led by a 2% gain in the Nasdaq, as investors shrugged off … Read more
Bitcoin Uptrend at Risk Ahead of Nvidia Earnings, Fed Minutes; XRP Holds Key Support Amid XRPFi Narrative
Bitcoin’s BTC upward trend continued to show signs of weakness early Wednesday, even as Wall Street tech stocks surged overnight in anticipation of upbeat earnings from AI giant Nvidia (NVDA). The leading cryptocurrency by market value traded near $108,900 at press time, teasing a downside break of a trendline characterizing the uptrend from early April … Read more
Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan
A Sui community vote requires over 50% participation and majority approval to reclaim $162 million in frozen funds from the Cetus exploit.
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El Salvador Defies IMF Again With Fresh Bitcoin Purchase Following Loan Review
The IMF urged a halt to crypto accumulation as part of $1.4 billion program. El Salvador responded by buying more.
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
Outgoing US Commodity Futures Trading Commission commissioner Christy Goldsmith Romero says the exodus of the agency’s top brass is “not a great situation” for crypto regulations. The CFTC could be headed by just one commissioner once the other four depart later this year, which Goldsmith Romero said in a May 27 interview at the Brookings … Read more
Trump’s CFTC pick Quintenz discloses crypto links, $3.4M assets
US President Donald Trump’s pick to chair the Commodity Futures Trading Commission has disclosed millions of dollars worth of assets, along with his various ties to crypto-related organizations. In paperwork released by the US Office of Government Ethics on May 25, Brian Quintenz disclosed his key positions in crypto and market firms that would directly … Read more
Rep. Steil urges restraint on adding ‘non-germane items’ to crypto bills
US Representative Bryan Steil wants lawmakers to stop adding “non-germane items” into two key crypto bills, claiming that doing so is slowing the implementation of a regulatory framework for the industry. “Individuals, when they see legislation that’s going to move forward, want to attach non-germane items to any bill that’s going to move through and … Read more
Ethereum Options Market Signals Cautious Optimism as Open Interest Climbs
Traders are returning to Ethereum options with split expectations on price targets, even as volatility stays low.
AI and Crypto Czar David Sacks Says the US Could Buy More Bitcoin
AI and crypto czar David Sacks touted the Trump administration’s early wins during Bitcoin 2025, including the pardon of Ross Ulbricht.
Jack Dorsey’s Block to bring Bitcoin payments to Square by 2026
Jack Dorsey’s financial services firm Block, Inc. will launch Bitcoin payments on Square, its payments processing arm, with a rollout to begin later this year before a full launch in 2026. The company announced the plan at the Bitcoin 2025 conference in Las Vegas on May 27, where Block demonstrated the feature at the BTC … Read more
Bitcoin’s ‘aggressive leg higher’ in Q3 still up in the air: Analyst
Bitcoin’s recent all-time high of $111,970 has sparked optimism among crypto market participants, but whether that carries through into the third quarter of this year remains uncertain, analysts say. “The coming weeks will likely determine whether Bitcoinʼs latest breakout was a local high or the prelude to a more aggressive leg higher in Q3,” Bitfinex … Read more