News

Shiba Inu (SHIB) Price Drops 6.4% Amid Increased Selling Pressure

The cryptocurrency market is experiencing downward pressure, particularly impacting Shiba Inu (SHIB). Recent price movements indicate a clear...

Coinbase Canada CEO Advocates for Swift National Crypto Strategy Development

At Consensus 2025 in Toronto, Lucas Matheson, CEO of Coinbase Canada, advocated for a national crypto strategy from the new Canadian government. He...

Movement Labs Allocated Millions in Tokens to Advisers, Internal Documents Reveal

Movement Labs, a crypto startup linked to Donald Trump’s World Liberty Financial, is facing scrutiny over undisclosed agreements with early...

Bitcoin and Strategy Show Bullish Crossover Indicating Market Uptrend

Technical analysis summary by CoinDesk analyst Omkar Godbole. Recent price charts for BTC and MicroStrategy (MSTR) indicate potential...

XRP Surges Past $2.60 Again, Analyst Predicts Potential All-Time High

XRP has surpassed $2.60, achieving a 17% increase over the past week as traders target the $3 mark. This marks its second break above this level...

ARK Invest Acquires $9.4 Million in eToro Following Nasdaq Debut

ARK Invest Acquires Stake in eToro ARK Invest purchased 140,000 shares of eToro for approximately $9.4 million. This acquisition aligns with...

CoinDesk 20 Index Declines 2.4% with NEAR Down 5.7%

The CoinDesk 20 Index is at 3216.65, a decrease of 2.4% (-79.51) since Wednesday at 4 p.m. ET. No assets within the index are trading higher....

Investor Jim Chanos Shorting MicroStrategy Stock While Going Long on Bitcoin

Investor Jim Chanos announced a short position on MicroStrategy (MSTR) stock, citing a 177% gain over the past year and a 40% rise since the start...

MoonPay Partners with Mastercard for Stablecoin Payments at 150 Million Merchants

MoonPay has partnered with Mastercard to enable users to spend stablecoins at over 150 million merchants globally. Key points include: Integration...

Hayes Predicts Bitcoin Will Reach $1 Million by 2028 Due to Capital Controls

Arthur Hayes, co-founder of Maelstrom, argues in his essay that America’s economic imbalances necessitate capital controls rather than tariffs. He...

Bitcoin-Backed Token YBTC Launches on Sui Through Bitlayer Integration

Bitlayer and Sui blockchain have partnered to enhance the utility of Bitcoin (BTC) within the Sui ecosystem. Key points include: Sui integrates...

a16z Crypto Leads $7 Million Seed Round for KYD Labs Ticketing Platform

a16z Crypto Leads $7 Million Investment in KYD Labs a16z Crypto has led a $7 million seed round for KYD Labs, a blockchain-based ticketing...

Solana's 30-Day Capital Inflows Turn Positive After Months of Stagnation

Solana's 30-day realized cap inflows have turned positive, increasing by 4–5%, indicating a potential trend reversal after months of outflows. This...

Arthur Hayes Predicts Bitcoin Will Reach $1 Million by 2028

BitMEX co-founder Arthur Hayes maintains that Bitcoin's path to $1 million remains viable, despite anticipated volatility. In his essay "Fatty...

Metaplanet Reports $4 Million Operating Profit in Q1 2025 from Bitcoin Strategies

Metaplanet (3350), a Tokyo-listed investment firm, reported an operating profit of 592 million yen ($4 million) for Q1 2025, primarily from bitcoin...

Monero Rises 4.6% This Week Amid Bitcoin's Pause Above $100K

Bitcoin's rally has paused above $100K, impacting recovery in major altcoins. However, Monero (XMR) has shown resilience with the following key...

Pi Coin Price Drops 30% Following VC Fund Announcement

The price of Pi Coin has dropped sharply following the announcement of Pi Network Ventures, a $100 million venture capital initiative. The coin...

Solana Sees Positive Capital Inflows After Weeks of Outflows

Solana (SOL) is experiencing a resurgence in capital inflows after weeks of outflows. Glassnode reports 30-day realized cap inflows for SOL have...

CoW Swap Launches Combinatorial Auctions to Enhance Trading Efficiency and Rewards

CoW Swap, a decentralized exchange aggregator, plans to introduce Combinatorial Auctions to enhance transaction capacity and rewards for trade...

Dogecoin Surges 35% as Analysts Predict $1 Price Target by Summer

Dogecoin's price increased from under $0.169 on May 8 to over $0.248 by May 12, marking a 35% gain in one week. Analysts are observing potential for...

Ukraine Moves to Add Bitcoin to National Reserves with Draft Bill

Ukraine is advancing a draft bill to add Bitcoin to its national reserves, with confirmation from parliament member Yaroslav Zhelezniak at the...

NXPC Launches on Binance with 2,900% Price Surge and $3M Profit

NEXPACE (NXPC) has been listed on Binance, serving as a utility token for the Web3 version of MapleStory, called MapleStory Universe....

Coinbase Confirms Data Theft by Criminals, Offers $20 Million Bug Bounty

Coinbase (COIN) reported that cyber criminals bribed and recruited rogue support agents to steal user data. Key points include: Reimbursement will...

Crypto Market Sees Decline as Retail Investors Shift to Smaller Tokens

The cryptocurrency market experienced a pullback over the last 24 hours, driven by declines in major coins as retail investors shifted towards...

Crypto Exchanges List NXPC, Token Jumps 115% on $1 Billion Volume

Several exchanges, including Binance and Coinone, have listed NEXPACE (NXPC), resulting in a 115% increase in its value. The token recorded $1...

Ethereum Smart Wallet Authorizations Exceed 11,000 After Pectra Upgrade

Ethereum's smart wallet activity surged following the Pectra upgrade launched on May 7, with over 11,000 authorizations linked to EIP 7702 within a...

Bitcoin Enters Trend Continuation Phase, $109,400 Must Hold for Rally

Bitcoin is currently maintaining bullish momentum, recently hitting $105,000 before a minor correction. It has remained above $100,000, indicating...

US Senate Expected to Pass GENIUS Act for Stablecoins by May 26

Senator Cynthia Lummis stated at the Stand By Crypto event that she expects the GENIUS Act for US-based stablecoins to be passed by Memorial Day,...

UCL Finalists PSG and Inter Experience Significant Increases in Fan Tokens

The fan tokens of the finalists for the 2024/25 UEFA Champions League are experiencing significant increases. Paris Saint-Germain Fan Token (PSG)...

Avalanche (AVAX) Targets $32 Resistance After 40% Weekly Surge

Avalanche (AVAX) has reclaimed a critical level after a nearly 40% increase over the past week, reaching a three-month high of $26.84. Resistance is...
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