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Key takeaways: Large Bitcoin holders have accumulated 81,338 BTC over the past six weeks, showing confidence in a future price uptrend. Wallets with less than 0.1 BTC sold around 290 BTC, indicating smaller retail investors are either panic selling or selling out of boredom. Spot Bitcoin ETFs have seen $4.41 billion in inflows since March …
Continue reading “Bigger Bitcoin wallets are stacking while others sell: Santiment”
Investors have been piling into BlackRock’s spot Bitcoin exchange-traded fund for over three weeks straight, culminating in the asset’s run up to $97,000 on May 7. The BlackRock iShares Bitcoin Trust has seen 16 days of inflows for the spot BTC ETF, with a further 280 Bitcoin (BTC) or around $36 million piling into the …
Continue reading “BlackRock Bitcoin ETF clocks 16 days of inflow as BTC reclaims $97K”
South Korea’s Democratic Party leader Lee Jae-myung has reportedly become the latest presidential candidate to promise the approval of spot crypto exchange-traded funds (ETFs) and other crypto-friendly measures, should he be elected. Lee announced his crypto promises on May 6 as part of a broader initiative to provide more investment opportunities for Korea’s youth, one …
Continue reading “South Korea presidential front-runner pledges to approve Bitcoin ETFs”
Trump family-backed crypto platform World Liberty Financial (WLFI) is proposing to airdrop a small amount of its new US dollar-pegged stablecoin to reward early WLFI holders in a test of its airdrop mechanism. With over 99% of votes in favor of the proposal already, the airdrop will distribute a small amount of USD1 to eligible …
Continue reading “World Liberty Financial floats USD1 airdrop to WLFI holders”
Coinbase has introduced a new payments protocol for online payments that enables stablecoin transfers over standard internet protocols and AI agents to transact autonomously. On May 6, Coinbase announced that it is launching a protocol called x402 for instant stablecoin payments directly over the internet communication protocol HTTP (Hypertext Transfer Protocol). It allows Application Programming …
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Key takeaways: Bitcoin must maintain above $95,000 to have a chance at retesting its $109,000 all-time high; failure to hold could lead to a deeper correction, crypto analysts warn. Several crypto analysts told Cointelegraph in March that Bitcoin may have a chance of reaching new all-time highs in June. The upcoming Federal Reserve decision on …
Continue reading “Bitcoin must hold above $95K or face short-term rejection: Bitfinex”
Members of the crypto community are circulating apparent “proof” that Zerebro developer Jeffy Yu faked his suicide as he promoted his new memecoin during a Pump.fun livestream on May 4. The belief appears to come from an unverified private letter supposedly sent by Yu to a Zerebro investor, trading activity linked to crypto wallets owned …
Continue reading “Zerebro dev’s death in question as ‘proof’ surfaces on X”
US Democrat lawmakers have launched a multi-angle attack on President Donald Trump’s crypto ventures with two bills and a subcommittee inquiry aimed at cutting his ability to profit from the initiatives. The Modern Emoluments and Malfeasance Enforcement Act, or the MEME Act, aims to prevent federal officials from using their position to profit from memecoins, …
Continue reading “Democrats aim at Trump’s crypto profits with a 3-prong pincer move”
Digital asset manager Bitwise has filed to list a spot Near exchange-traded fund with the US Securities and Exchange Commission, adding to a growing list of altcoins currently vying to win regulatory approval. The Bitwise Near (NEAR) ETF will track the price movements of the NEAR token, minus expenses, through a traditional brokerage, Bitwise’s May …
Continue reading “Bitwise throws NEAR ETF in race for SEC approval with S-1 filing”
The US Commodity Futures Trading Commission (CFTC) is seeking permission from the court to drop an appeal against prediction market Kalshi. The move could allow the platform to offer political event contracts to users without contest. In a May 5 filing in the US Court of Appeals for the District of Columbia Circuit, lawyers for …
Continue reading “US regulator moves to drop appeal against Kalshi”
