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Crypto miner turned AI provider CoreWeave adds billions in market cap
Shares of AI cloud computing company CoreWeave (CRWV) surged on May 16 after chip giant Nvidia revealed a large ownership stake, signaling growing corporate and institutional interest in the newly public company.CRWV stock climbed as much as 26.3% in New York trading, pushing its market capitalization above $38 billion. Trading volumes were more than double the daily average, according to Yahoo Finance data.The stock...
Published on: May 16, 2025 | Source:
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Bitcoin breaks out while Coinbase breaks down: Finance Redefined
News broke on May 15 that Coinbase was the target of a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data for social engineering scams.While less than 1% of Coinbaseโs active monthly users were reportedly affected, the expected remediation and reimbursement expenses range from $180 million to $400 million, as the exchange pledged to repay all phishing attack...
Published on: May 16, 2025 | Source:World Liberty's Stablecoin Now Available on Multiple Networks Via Chainlink
The integration, initially supporting Ethereum and BNB Chain, addresses cross-chain security concerns and aims to expand USD1โs reach, the firms said.
Published on: May 16, 2025 | Source:CFTC's Christy Goldsmith Romero to Leave Agency at End of Month
Her departure will leave the CFTC with just two commissioners, at least until new chair Brian Quintenz is confirmed by the Senate and sworn in.
Published on: May 16, 2025 | Source:Coinbase user Data Hacked, FTX Repayments Coming, Bond Yields soar
Coinbase user Data Hacked, FTX Repayments Coming, Bond Yields soar FOMO HOUR EP359 Hackers demand $20m after Coinbase data hacked. SEC probes Coinbase on inflating user numbers. FTX to begin $5b distribution on May 30. Wisconsin Investment Board exits BTC ETF. Chinaโs DDC Enterprise to adopt BTC reserves. Chinaโs Addentax to buy 8k BTC. Brazilโs Meliuz buys $28.4m BTC for reserve. BTC to $1m, altcoins with products...
Published on: May 16, 2025 | Source:Bitcoin supply crunch boosts confidence in $200K target for 2025 โ Bitwise CIO
Matt Hougan, chief investment officer at Bitwise, predicts Bitcoin (BTC) will reach $200,000 by the end of 2025 due to a supply shock from heightened institutional demand.In an interview with Cointelegraph at Consensus 2025 in Toronto, the executive said that Bitwise's Bitcoin price prediction model is driven exclusively by supply and demand metrics. Hougan laid out the specific figures driving the forecast:"We know...
Published on: May 16, 2025 | Source:TRX Struggles at $0.278 Resistance as Trade Tensions Weigh on Markets
Tron's blockchain processes over $1 billion in daily transactions despite price consolidation.
Published on: May 16, 2025 | Source:DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases
The real estate tech enterprise turned Solana-focused public company now holds 609,190 SOL tokens worth over $107 million.
Published on: May 16, 2025 | Source:Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors
Panama City Mayor Mayer Mizrachi stirred speculation about a possible Bitcoin reserve after a cryptic post on his official X account on May 16. In the post, Mizrachi wrote: โBitcoin reserve.โ The cryptic post followed his meeting with Max Keiser and Stacy Herbert, two of the key architects behind El Salvadorโs Bitcoin policy. Keiser currently [โฆ] The post Panama City mayor hints at Bitcoin reserve following meeting...
Published on: May 16, 2025 | Source:US Senate will pass Stablecoin bill โ Digital Chamber chief
The stalling of key stablecoin legislation in the United States Senate was a minor setback, and the bill will pass in the coming weeks, said Cody Carbone, CEO of Digital Chamber, a Washington, DC,-based blockchain trade association and advocacy group.Speaking to Cointelegraph at Consensus 2025, Carbone argued it is in the best interests of the US to pass comprehensive stablecoin regulations to protect US dollar...
Published on: May 16, 2025 | Source:French Minister Agrees on Measures to Protect Crypto Professionals After Kidnappings
A meeting was held with Minister of the Interior Bruno Retailleau, Director General of the National Police and Gendarmerie and industry representatives.
Published on: May 16, 2025 | Source:Trump-tied World Liberty Financial Rebuffs U.S. Senator's Probe
Sen. Richard Blumenthal had written letters to Trump-affiliated executives, asking about their businesses, and WLFI called some of his assertions inaccurate.
Published on: May 16, 2025 | Source:Could Wellness Be an Onramp to Web3? Moonwalk Fitnessโ Caitlin Cook Thinks So
In an interview ahead of Consensus 2025 in Toronto, Cook said the fitness app is seeing strong growth in Africa and Southeast Asia.
Published on: May 16, 2025 | Source:South Korean Woman Jailed for Stealing $500,000 in Crypto From Sleeping Boyfriend
The woman, identified only as โA,โ was convicted on May 15 of embezzlement and fraud for stealing $488,000, 683 million won, in crypto.
Published on: May 16, 2025 | Source:Bitcoin breakout odds climb as all-time highs meet $90K dip warning
Key points:Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction.Price discovery is keenly awaited, but downside predictions include levels further toward $90,000.BTC/USD has delivered highly patterned moves since its rebound began in April.Bitcoin (BTC) kept traders guessing at the May 16 Wall Street open as consolidation sparked both bullish and bearish forecasts.BTC/USD...
Published on: May 16, 2025 | Source:From debanking to a banking arms raceโThe rise of stablecoins
Opinion by: Megan Knab, CEO, Franklin PayrollThere are few historical examples of such a massive about-face for an industry, from banks debanking crypto businesses to now embracing stablecoins. If you talk to most crypto startup founders or companies with crypto on the balance sheet, they will all have war stories about finding, applying for and maintaining bank accounts.Over the past three years, over half of...
Published on: May 16, 2025 | Source:Fidelity macro director recommends 4:1 Gold, Bitcoin store of value holdings
Fidelity Director of Global Macro Jurrien Timmer today highlighted that Bitcoin reclaiming the $100,000 level this week coincides with a convergence of its 52-week Sharpe ratio with gold. Timmer said, After a strong run by gold, perhaps the baton is being passed again to Bitcoin, with Bitcoin back above $100k and the two Sharpe Ratios [โฆ] The post Fidelity macro director recommends 4:1 Gold, Bitcoin store of value...
Published on: May 16, 2025 | Source:Bitcoin Adoption News: Top Win Rebrands, Steak N Shake Accepts BTC, Galaxy's Nasdaq Debut
Galaxy Digital shares started trading on Nasdaq today, but the listing will have to jostle for the crypto sphere's attention.
Published on: May 16, 2025 | Source:Ukraine Eyes Strategic Crypto Reserve: Report
The countryโs first deputy chairman of its committee on finance told local media he plans to submit a new bill โin the near future."
Published on: May 16, 2025 | Source:Filmmaker David Goyer Bets on Blockchain for Next Sci-Fi Franchise
The Blade and Foundation screenwriter is turning to blockchain and AI to build a community-driven sci-fi franchise, backed by Web3 startup Story Protocol.
Published on: May 16, 2025 | Source:Europeโs MiCA law is motion, but can the crypto industry keep up?
The European Unionโs Markets in Crypto-Assets regulation โ better known as MiCA โ is now in its critical implementation phase. Designed to unify crypto regulation across all 27 EU member states, MiCA promises clarity, consumer protection and long-term market stability. But as implementation begins, cracks are already showing.In this weekโs episode of Byte-Sized Insight, we explore the key provisions of MiCA now in...
Published on: May 16, 2025 | Source:Ripple: Judge's settlement rejection has no effect on legal victory
Rippleโs legal chief said a US courtโs rejection of a proposed XRP settlement with the Securities and Exchange Commission (SEC) does not pose a threat to Rippleโs win.Judge Analisa Torres of the US District Court for the Southern District of New York rejected a joint Ripple-SEC motion seeking an indicative ruling on their proposed settlement, according to a filing on May 15.Rippleโs chief legal officer, Stuart...
Published on: May 16, 2025 | Source:Bitcoin treasury pivot lifts luxury watchmakerโs stock more than 60%
Shares of luxury watchmaker Top Win surged more than 60% in premarket trading after the company said it would adopt a Bitcoin accumulation strategy and had changed its name to AsiaStrategy. In a May 16 announcement, AsiaStrategy said it is partnering with Sora Ventures to adopt a Bitcoin (BTC) treasury strategy. Sora previously partnered with Metaplanet in 2024 to create Japanโs first corporate Bitcoin treasury.The...
Published on: May 16, 2025 | Source:CoinDesk Analyst Advises UK Crypto Firm to Set Up Bitcoin Treasury
Coinsilium raised 1.25 million to help establish the BTC treasury, amid record trading volume.
Published on: May 16, 2025 | Source:The emergence of Sonic and what it means for DeFi: Report
Why did Fantom reinvent itself as Sonic?Fantom was one of the pioneers of the directed acyclic graph (DAG) design for distributed ledgers. It featured fast finality and transaction fees of a fraction of a cent. However, Fantom relied on the Ethereum-derived account storage model and the EVM, which led to bloated storage and slow execution times.To address these bottlenecks and implement numerous other updates, the team...
Published on: May 16, 2025 | Source:Over 26,000 Ethereum wallets integrate Pectra upgrade features driving smart wallet adoption
Ethereumโs recent Pectra upgrade is sparking a surge in smart account usage, redefining how users interact with the network. Data compiled by Base analyst 0xKofi from Bundle Bear shows that more than 26,000 wallets have transitioned to the new smart account format powered by the EIP-7702 in the Pectra upgrade. What are smart accounts? EIP-7702 [โฆ] The post Over 26,000 Ethereum wallets integrate Pectra upgrade features...
Published on: May 16, 2025 | Source:51% attack on Ethereum more difficult than on Bitcoin โ Justin Drake
Ethereum Merge architect Justin Drake told Cointelegraph that it would be cheaper to launch a 51% attack on Bitcoin than on Ethereum.Drake said it would be โmuch cheaper to 51% attack Bitcoinโ and that it would cost โon the order of $10 billion.โDrake led work on Ethereumโs proof-of-stake (PoS) implementation and was a principal architect in the Merge (the full PoS transition event). His remarks echo a May 14 X post by...
Published on: May 16, 2025 | Source:XRP price path to $3.40 remains intact โ Here is why
Key takeaways:XRP price is forming a bullish V-shaped recovery pattern targeting $3.40.A 53% surge in open interest to $5.06 billion signals bullish sentiment.XRP (XRP) price shows positive signs as a bullish technical pattern emerges on its weekly chart, coinciding with increasing open interest.Increasing OI backs XRP upsideXRP price is down 2% over the last 24 hours to trade above $2.40 on May 16, but has gained 13%...
Published on: May 16, 2025 | Source:CoinDesk 20 Performance Update: AAVE Jumps 7.4%, Leading Index Higher
Ethereum (ETH) was also a top performer, gaining 2.9% From Thursday
Published on: May 16, 2025 | Source:Fake Eric Trump-themed token is โrug in the making,โ says Bubblemaps
A fake Eric Trump-themed memecoin launched on Solanaโs memecoin launchpad Pump.fun, rose more than 6,200% in the past 24 hours, raising red flags among blockchain analysts who warned of a potential rug pull.A newly-created Eric Trump (ERICTRUMP) memecoin with the token address โjv7dโ surpassed $140 million in market capitalization within a day since its launch on May 16, CoinMarketCap data shows.ERICTRUMP/USD, all-time...
Published on: May 16, 2025 | Source:'Internet Capital Markets' Explode as Companies Launch Products on Solana
Vine Coin, JellyJelly, and now Dupe. Companies are launching Solana tokens as a way to market and fundraise their projects.
Published on: May 16, 2025 | Source:Ripple-SEC Bid for XRP Settlement Rejected by Judge Citing 'Procedural Flaws'
Judge Analisa Torres rejected the proposed $50 million settlement, saying the joint request was filed improperly and lacked required legal justification.
Published on: May 16, 2025 | Source:Revised GENIUS stablecoin bill heads to senate, bars Big Tech from issuing tokens
The US Senate is preparing to vote next week on a revised version of the GENIUS Act, a stablecoin-focused bill that has been updated to address concerns raised by Democratic lawmakers. Last week, the bill stalled after several Democratic lawmakers withdrew support, citing gaps in anti-money laundering provisions, weak oversight for foreign stablecoin issuers, and [โฆ] The post Revised GENIUS stablecoin bill heads to...
Published on: May 16, 2025 | Source:Wisconsin Sells Entire $350M Spot Bitcoin ETF Stake
The move came after the state investment board doubled its exposure to spot bitcoin ETFs late last year as markets fell.
Published on: May 16, 2025 | Source:Warren Buffett exits crypto-friendly Nubank holdings, netting $250M profit
Key takeaways:Warren Buffettโs Berkshire Hathaway earned $250 million from its complete exit from crypto-friendly Nubank.The decision to divest didnโt appear to be performance-based; Nu Holdings posted record profits in 2024 and Q1 2025.Buffettโs exit aligns with Berkshireโs broader financial sector pullback and growing cash reserve strategy.Warren Buffett, the legendary investor long known for his skepticism toward...
Published on: May 16, 2025 | Source: