NEW YORK, NY — Mango Markets exploiter Avraham “Avi” Eisenberg, who stole $110 million from the now-defunct decentralized finance protocol in 2022, was sentenced to 52 months in prison on Thursday — on his guilty plea to possession of child sexual exploitation material, not for his conviction on the crypto theft. The sentencing comes a year … Read more
Retail investors are running out of time to accumulate Bitcoin as institutional adoption accelerates, according to Sergej Kunz, co-founder of exchange aggregator 1inch. Bitcoin (BTC) is evolving into an alternative reserve currency, propelling institutional demand and potentially pricing out retail investors, Kunz said during Cointelegraph’s LONGITUDE event in Dubai. “Every retail user should be thinking … Read more
Disclaimer: The analyst who co-wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR) reported a first-quarter 2025 loss of $16.49 after posting a $5.9 billion writedown on its bitcoin stack thanks to a sizable decline in the price of BTC during the year’s first three months. Led by Executive Chairman Michael Saylor, the company, … Read more
Follow what’s happening on Myriad Markets’ most popular prediction markets, from Strategy’s Bitcoin buys to rate cuts and beyond.
The original cryptocurrency turned higher after Meta and Microsoft notched better-than-expected earnings results.
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 … Read more
What may or may not have been a blow-off top last week in the price of gold appears to have benefitted bitcoin (BTC) and that trend could be set to continue. Already among the best-performing global assets in recent months, gold’s rally powered to new heights in the weeks following President Trump’s Liberation Day tariffs … Read more
The U.S. Securities and Exchange Commission has closed its investigation into PayPal’s dollar-backed stablecoin, PayPal USD (PYUSD), without taking enforcement action, ending a regulatory chapter that began more than a year ago, the company said. “In November 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The … Read more
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 … Read more
The crypto investment firm’s latest raise brings its assets under management to roughly $550 million.
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 … Read more
Michael Ellis thinks Bitcoin and crypto is here to stay, calling the wider adoption of the crypto “a great trend.”
The Nasdaq-listed Strategy, formerly MicroStrategy, is on the rise ahead of reporting earnings—just as Bitcoin’s price jumps.
Stablecoin giant Tether says it now holds nearly $120 billion worth of direct and indirect exposure to U.S. Treasuries.
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 – 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
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
The MOVE token suddenly dropped 14% on Wednesday following word from Coinbase that it will suspend the Movement token for 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
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
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
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
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
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
Unlike its European counterpart, 21Shares’ Sui ETF would not offer staking rewards in the U.S.
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
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
The first Web3 edition of the long-running MapleStory role-playing game franchise is set to launch on Avalanche on May 15.
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 (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