Europol helps dismantle $23M ‘mafia crypto bank’

European law enforcement in January arrested 17 suspects of a “mafia crypto bank” who are said to have laundered over 21 million euros ($23.5 million) in crypto for criminal entities in China and the Middle East. The money laundering services were allegedly carried out on behalf of other criminal networks engaged in migrant smuggling and …

Dems seek suspicious activity reports linked to Trump crypto ventures

US Democrat lawmakers have sent a letter to the US Treasury demanding access to suspicious activity reports (SARs) on several Trump-backed crypto projects as part of the latest probe into the president’s digital ventures.  Penned by representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin, the May 14 letter asks Treasury Secretary Scott Bessent for all …

eToro jumps 30% on Nasdaq debut after upsized IPO

Crypto and stock trading platform eToro has seen its share price gain nearly 30% during its debut on the Nasdaq after the company made a last-minute boost to its initial public offering. Shares in eToro Group Ltd (ETOR) closed May 14 trading at $67, up 28.9% from its initial offering price of $52, according to …

Crypto startups scaring away VCs with 80x valuations: 10T Holdings

Too many crypto startups are pricing themselves out of venture capital funding by chasing valuations far exceeding their revenues, according to Dan Tapeiro, the CEO of crypto-focused venture capital firm 10T Holdings. “For some reason, founders and CEOs think that they should be raising capital at 50 to 80 times revenue. So that makes it …

Google search volume for Bitcoin flat as BTC nears new highs — Where are retail investors?

Key takeaways: Google search data and app rankings show retail Bitcoin investor demand near 6-month lows. Retail investor interest typically peaks 1 week after BTC breaks all-time highs. Bitcoin (BTC) retail traders are known for entering the market during periods of euphoria, typically after strong monthly gains or a new all-time high. This time is …

Dogecoin active addresses surge by 528% — Will DOGE price follow?

Key Takeaways: Dogecoin’s active addresses surged 528% to 469,477. DOGE’s futures open interest rose 70% to $1.65 billion, indicating strong speculative interest. On May 13, Dogecoin (DOGE) witnessed a staggering 528% increase in active addresses, soaring from 74,640 to 469,477, signaling robust network activity and growing investor interest. This surge followed an update to 21Shares’ …

3 reasons why Ethereum price could rally to $5,000 in 2025

Key takeaways: A longer-term ETH price rally is dependent on SEC approval of in-kind ETF creation and staking to attract more investors. AI adoption and Ethereum layer-2 growth must drive onchain activity to restore the network’s deflationary burn mechanism. Ether (ETH) surged 43.6% between May 7 and May 14, but its current price of $2,600 …

Ethereum Foundation unveils security initiative to supplant legacy systems

The Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of an ongoing push to strengthen Ethereum’s role in programmable digital assets. Fredrik Svantes, a protocol security research lead, and Josh Stark from the Ethereum Foundation management team …

Bitfarms clocks $36M net loss amid shift from Bitcoin mining to AI

Bitfarms clocked a first-quarter net loss of $36 million, widening from a $6 million loss in the same period a year earlier, as the Bitcoin miner pivots from mining to high-performance computing for artificial intelligence applications.  The miner posted $67 million in sales for the quarter ended March 31, up 33% from the year prior. …

New York has 'outsized role to play' in crypto ecosystem — State regulator head

Adrienne Harris, the head of the New York State Department of Financial Services (NYDFS), said New York has an “outsized role to play” in the crypto ecosystem, particularly in shaping regulatory frameworks for digital assets. During a panel on May 14 at Consensus 2025 in Toronto, she said the NY estate is frequently asked to …