Strategy Stock Nears 2025 High as Bitcoin Inches Closer to $100K
The Nasdaq-listed Strategy, formerly MicroStrategy, is on the rise ahead of reporting earnings—just as Bitcoin’s price jumps.
Crypto
Tether Reports Q1 Profit Above $1 Billion, Down From 2024 Amid Bitcoin Yield Decline
Stablecoin giant Tether says it now holds nearly $120 billion worth of direct and indirect exposure to U.S. Treasuries.
Litecoin Surges 7% as SEC Likely to Approve Spot ETF with 90% Odds: Analyst
Litecoin (LTC) price surged more than 7% on Thursday, outperforming the broader market gauge CoinDesk 20 Index, which climbed about 4%. Bloomberg Senior ETF Analyst Eric Balchunas reports that spot Litecoin ETF approval chances have surged to 90%, with a decisive deadline of October 2nd that could dramatically broaden LTC’s institutional investor base and potentially … Read more
Market Report, Fartcoin Leads Memes, Axiom Breaks out
Market Report, Fartcoin Leads Memes, & Axiom Breaks out – FOMO HOUR EP348 FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest … Read more
Solana Surges 8% Despite Global Macro Tensions. Can It Hit $155 in Short-Term?
Geopolitical tensions and evolving trade policies continue to shape cryptocurrency markets, with Solana emerging as a focal point amid global economic uncertainty. SOL has shown impressive recovery strength, climbing 8% from its April 30 low of $140 to around $152, with daily trading volume jumping 35% over 24 hours. This resilience comes as US-China trade … Read more
Movement Plunges to All-Time Low After Coinbase Says It Will Delist Ethereum L2 Token
The MOVE token suddenly dropped 14% on Wednesday following word from Coinbase that it will suspend the Movement token for trading.
Movement Token Slumps 14% as Coinbase Suspends Trading
Coinbase will suspend trading of Movement’s MOVE token, citing “recent reviews,” following a CoinDesk investigation into market-making deals that experts said incentivized price manipulation. The token fell more than 13% on the trading suspension news, while the broader market gauge CoinDesk 20 Index rose 4.4%. Movement Labs is currently investigating how a market maker may … Read more
Coinbase suspends trading for MOVE token
Crypto exchange Coinbase has announced it will suspend trading of Movement Labs’ native token effective May 15. The decision was shared in a May 1 post on X, with Coinbase citing the token’s failure to meet its listing standards. According to CoinMarketCap, the MOVE token declined by 13.6% in the last 24 hours. Coinbase announced: … Read more
ATOM Surges More Than 4% With Broader Market as Cosmos Ecosystem Attracts Institutions
The Cosmos ecosystem is gaining significant institutional attention amid broader market volatility, with ATOM showing remarkable resilience after recovering from a drop to $4.23 on April 30th to stabilize above $4.38. The price of ATOM rose more than 4% in the last 24 hours, while the broader market gauge CoinDesk 20 Index climbed nearly the … Read more
Bitcoin Tops $97K, Strategy Hits 2025 High Ahead of Earnings Amid Capital Raise Speculation
The panic that ensued following President Trump’s Liberation Day tariff announcements continues to fade, with bitcoin (BTC) and major U.S. stock averages surging anew. Bitcoin at press time was trading just above $97,000 for the first time in nearly ten weeks, up 3.3% over the past 24 hours and ahead 14% since Liberation Day. With … Read more
Devs introduce Ethereum R1 layer-2 scaling solution
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 … Read more
U.S. Congressman Pitches Crypto ATMs for Federal Government Buildings
A Texas congressman is asking the federal government to consider installing cryptocurrency ATMs in federal buildings as a way to help foster the pro-digital assets stance pushed by President Donald Trump. Representative Lance Gooden asked the chief of the General Services Administration — the agency that maintains the government’s buildings and real estate — to … Read more
Sui Price Pops 9% as 21Shares Seeks SEC Approval for ETF
Unlike its European counterpart, 21Shares’ Sui ETF would not offer staking rewards in the U.S.
Crypto Investment Firm Dao5 Raises $222M Fund to Back Institutional Blockchain Adoption
Crypto investment firm dao5 raised a $222 million fund to invest in blockchain projects targeting institutional and government adoption. The fund brings the firm’s total assets under management to $550 million. Founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, dao5 made early bets on projects including Story Protocol, Bittensor, Berachain and … Read more
Federal crypto legislation could come with a ‘New York State of Mind’
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 … Read more
‘MapleStory N’ Avalanche Crypto Game Launching This Month
The first Web3 edition of the long-running MapleStory role-playing game franchise is set to launch on Avalanche on May 15.
SOL, XRP and DOGE Spot ETFs Likely to Be Approved by SEC in Coming Months, Analysts Say
Crypto ETF issuers may not have to wait much longer to expand beyond spot bitcoin and ether funds. Bloomberg ETF analysts Eric Balchunas and James Seyffart now see a 75% or greater chance the U.S. Securities and Exchange Commission (SEC) approves a range of spot altcoin ETFs by the end of 2025. Eight separate spot … Read more
Bitcoin bulls prep $97K resistance showdown as gold dips 8% from highs
Bitcoin (BTC) gained 3% on May 1 as a new month saw shorts struggle to keep price pinned. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin pressures shorts after 3% daily gains 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 … Read more
Crypto for Advisors: Global Elections and Crypto
Trump’s election campaign focused on crypto, and already in his first 100 days in office, we’ve seen progress in support of the crypto industry. Canada held an election on Monday — can we expect the same focus on crypto in other regions? In today’s Crypto for Advisors, Morva Rohani from the Canadian Web3 Council explains … Read more
The case for enterprise-grade custody solutions
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 … Read more
The Next Ethereum Will Come From a Dorm Room (or a College Dropout)
Before Ethereum had a market cap, it was just an idea in a college dropout’s head. Crypto’s biggest companies aren’t being planned in boardrooms. They’re being built in dorm rooms, group chats, and hackathons by founders who don’t wait for permission (many of them don’t finish college at all). This is not a coincidence. It’s … Read more
Bitcoin to $1M by 2029 fueled by ETF and gov’t demand — Bitwise exec
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,” … Read more
Trump-Linked NexusOne Launches to Influence U.S. Crypto and AI Policy
A new government relations firm that includes former administration officials started operations in Washington, D.C. to help crypto and artificial intelligence companies shape U.S. policy. NexusOne Consulting is led by Jeff Ifrah, a white-collar defense attorney; Jim Trusty, a former government lawyer who has represented the Trump administration; and Ross Branson, who served in the … Read more
Bitcoin yield demand booming as institutions seek liquidity — Solv CEO
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 … Read more
Ethereum to simplify crosschain transactions with new token standards
Ethereum developers are working to improve blockchain interoperability with two new token standards: ERC-7930 and ERC-7828. “There’s no standard way for wallets, apps, or protocols to interpret or display this information,” decentralized finance (DeFi) ecosystem development organization Wonderland wrote in a May 1 X post. Wallets, decentralized applications (DApps), block explorers and smart contracts follow … Read more
UK’s Delayed Regulation Hurts Plan to Be Global Crypto Hub, Executives Say: CNBC
The U.K. needs to work harder at becoming a global center for the crypto industry to avoid falling behind countries like the U.S., industry executives told CNBC. The country has been saying it wants to be a crypto hub since 2022, before the current Labour government was elected, yet only this week did it start … Read more
21Shares files for US spot Sui ETF after European launch
Major European cryptocurrency investment firm 21Shares has filed for a spot Sui exchange-traded fund (ETF) in the United States, marking another step in its expansion to the US market. 21Shares on April 30 submitted the Form S-1 registration for a spot Sui (SUI) ETF to the US Securities and Exchange Commission (SEC). Called the 21Shares … Read more
Shaw Walters: ‘We’re Going to Automate All of the Jobs’
Someday you’ll be out of a job. So will I, so will your neighbor, so will your best friend, and so will all of your family. All of our jobs will be automated, thanks to AI. This is the prediction of Shaw Walters (who in Web3 style typically just goes by “Shaw”), founder of Eliza … Read more
Bitcoin Price Tops $96K for First Time Since February Correction
“Bitcoin’s recent price appreciation is the result of long-term momentum rather than a temporary phenomenon,” an analyst told Decrypt.
CoinDesk 20 Performance Update: Index Gains 3.2% as All Assets Trade Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2800.48, up 3.2% (+86.71) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: SUI (+8.2%) and AAVE (+5.9%). Laggards: ICP (+0.7%) and FIL (+1.4%). The … Read more