Crypto industry urges SEC to clarify staking stance

Cryptocurrency industry groups are urging the US Securities and Exchange Commission (SEC) to issue formal guidance on staking, citing continued regulatory uncertainty for Web3 infrastructure providers, according to Allison Muehr, head of staking policy for the Crypto Council for Innovation, a trade group.

Clarifying the SEC’s position on staking has become a top priority for the crypto industry, Muehr said during Solana’s Accelerate conference in New York.

“We’re about 25% of the way there,” Muehr said. “The SEC has done more constructive engagement with us in the past four months than in the last four years, but we still don’t have formal staking guidance.”

Allison Muehr, right, the Crypto Council for Innovation’s head of staking policy, speaks at Accelerate. Source: Cointelegraph

Related: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate

Changing regulatory stance

Under the previous US presidential administration, the SEC brought enforcement actions against several crypto firms for offering

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Price predictions 5/26: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Key points:

Bitcoin ETPs continue to witness solid buying, signaling that the bulls expect the uptrend to continue.

Several major altcoins witnessed a pullback, but lower levels continue to attract buyers.

Bitcoin (BTC) is attempting to sustain above $109,588, indicating buying on every minor dip. Bitcoin has risen for seven consecutive weeks, and if buyers can extend the streak to eight weeks, it clears the path for further upside. Crypto analyst and trader Carpe Noctom said in a post on X that Bitcoin has only seen three instances of eight consecutive weekly positive closes, and every time, Bitcoin has been higher in the following 6 and 12 month time period.

Institutional investors sense a long-term opportunity and, hence, have continued to pump money into Bitcoin exchange-traded products (ETPs). CoinShares reported on May 26 that Bitcoin ETPs witnessed $2.9 billion in inflows last week, which is

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Trump Media Group to raise $3B for Bitcoin treasury — Report

Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies, the Financial Times reported. The move would position the company to follow the footsteps of crypto treasury companies like Strategy.

Trump Media will issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date. The size of the raise may change, the FT cited sources familiar with the matter as saying.

The equity is expected to be sold at market price as of the close on May 23. On that day, the share price closed at $25.72, marking a 4.6% increase on the day. Trump Media’s market capitalization was $5.7 billion as of May 23.

Trump Media and

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Trump Media Group to raise $3B for Bitcoin treasury — Report

Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies, the Financial Times reported. The move would position the company to follow the footsteps of crypto treasury companies like Strategy.

Trump Media will issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date. The size of the raise may change, the FT cited sources familiar with the matter as saying.

The equity is expected to be sold at market price as of the close on May 23. On that day, the share price closed at $25.72, marking a 4.6% increase on the day. Trump Media’s market capitalization was $5.7 billion as of May 23.

Trump Media and

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Decentralized AI could be ‘bigger than Bitcoin’ — DNA Fund CEO Chris Miglino

Some of blockchain’s earliest adopters are now deeply “entrenching” themselves in decentralized AI, with ecosystems like Bittsenor (TAO) emerging as growth engines. These platforms are reshaping traditional venture capital models, enabling the best ideas to organically attract community support, staking and liquidity without the need for institutional gatekeepers.

That was one of the key takeaways from Cointelegraph’s interview with Chris Miglino, the co-founder and CEO of DNA Fund, a digital asset investment firm he runs alongside fellow serial entrepreneurs Brock Peirce and Scott Walker.

DNA Fund manages, among other things, five distinct funds across a range of strategies, such as a high-yield fund, an algorithmic trading fund, an AI compute fund, a liquid token fund and a venture fund — serving both company and investor capital. 

DNA Fund CEO Chris Miglino, right, and Cointelegraph’s Sam Bourgi at a DNA House event in Toronto, Canada. Source: Cointelegraph

Miglino, who

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Musk confirms X Money beta testing ahead of planned 2025 launch

X Money, the payment and banking app tipped by Elon Musk in 2022 after he acquired Twitter, has started beta testing, Musk confirmed in an X post on May 25.

Tesla Owners Silicon Valley, a fan X account focused on Elon Musk and Tesla, took to X on May 25 to report that Musk has confirmed that X is “launching X Money soon.”

Source: Elon Musk

The billionaire businessman subsequently jumped on the X thread to confirm the news, writing that the test will be a “very limited access beta at first.”

“When people’s saving are involved, extreme care must be taken,” he wrote.

X Money expects launch in 2025

Musk’s confirmation comes amid X Money’s planned launch this year, according to the platform’s X account.

Source: X Money

Musk’s silent confirmation of X Money trials followed a series of reports suggesting the platform may launch this year

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BlackRock issues rare warning: Is Bitcoin’s future at risk from quantum tech?

BlackRock Bitcoin warning

In a rare move, BlackRock has quietly added a new line to its iShares Bitcoin Trust (IBIT) filing — and it is turning heads. The update, submitted in early May 2025, flags quantum computing as a potential risk to Bitcoin’s long-term security.

The filing specifically warns that if quantum tech advances far enough, it could break the cryptographic systems that secure Bitcoin

In their words, it could “undermine the viability” of the cryptographic algorithms used not just in digital assets but across the global tech stack.

It’s the first time you’ve seen the world’s largest asset manager call out this threat so directly in a Bitcoin-related disclosure, and it says a lot about how seriously institutional players are starting to take future-proofing crypto.

Yes, exchange-traded fund (ETF) risk disclosures tend to be exhaustive by nature. But the fact that quantum computing made the

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AI needs better human data, not bigger models

Opinion by: Rowan Stone, CEO at Sapien

AI is a paper tiger without human expertise in data management and training practices. Despite massive growth projections, AI innovations won’t be relevant if they continue training models based on poor-quality data. 

Besides improving data standards, AI models need human intervention for contextual understanding and critical thinking to ensure ethical AI development and correct output generation.

AI has a “bad data” problem

Humans have nuanced awareness. They draw on their experiences to make inferences and logical decisions. AI models are, however, only as good as their training data.

An AI model’s accuracy doesn’t entirely depend on the underlying algorithms’ technical sophistication or the amount of data processed. Instead, accurate AI performance depends on trustworthy, high-quality data during training and analytical performance tests.

Bad data has multifold ramifications for training AI models: It generates prejudiced output and hallucinations from faulty logic, leading to lost time in retraining AI models to

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Veteran capital in crypto is shaping South Korea’s elections

Cryptocurrency has emerged as a defining issue in South Korea’s snap presidential election, with candidates vying for support from a growing base of digital asset investors across generations.

All three front-runners have rolled out crypto-friendly proposals. These include the legalization of spot Bitcoin (BTC) exchange-traded funds (ETFs) and the easing of banking rules that currently restrict fiat-to-crypto trading to just five platforms.

The June 3 vote is slated to come around two years early, triggered by the impeachment of former president Yoon Suk-yeol after his controversial declaration of martial law in late 2024. Though quickly overturned by lawmakers, the abrupt power grab led to a political crisis and his eventual removal from office.

Yoon’s 2022 campaign leaned heavily on promises to reform crypto regulations — largely aimed at younger voters. This time, the political focus on digital assets has only intensified, as older generations begin to pour significant wealth into

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10 red flags that scream ‘fake airdrop,’ and how to avoid them

Key takeaways

In 2024 and 2025, fake airdrop scams targeting Hamster Kombat, Wall Street Pepe and others led to millions in user losses, contributing to over $9.9 billion in global crypto scam damages.

Fake airdrops impersonate legitimate projects, tricking users into revealing private keys, signing malicious contracts or paying upfront fees that lead to irreversible crypto theft.

Warning signs include no official announcement, suspicious URLs, requests for private keys, grammar errors and unrealistic reward promises.

Future airdrops are shifting toward activity-based, retroactive and AI-monitored models that reward genuine user engagement while reducing exploitation.

While cryptocurrency airdrops are a legitimate way for projects to gain publicity and users, scammers exploit this hype, draining wallets through fake campaigns. In 2024 and 2025, fake airdrop scams around projects like Hamster Kombat and Wall Street Peepe cost victims millions. According to Chainalysis, the global estimated losses in 2024 from cryptocurrency scams and fraud,

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