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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:
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From debanking to a banking arms race—The 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 […] 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 country’s first deputy chairman of its committee on finance told local media he plans to submit a new bill “in 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:Europe’s MiCA law is motion, but can the crypto industry keep up?
The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — 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 week’s 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
Ripple’s legal chief said a US court’s rejection of a proposed XRP settlement with the Securities and Exchange Commission (SEC) does not pose a threat to Ripple’s 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.Ripple’s chief legal officer, Stuart...
Published on: May 16, 2025 | Source:Bitcoin treasury pivot lifts luxury watchmaker’s 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 Japan’s 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
Ethereum’s 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 […] 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 — 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 “much cheaper to 51% attack Bitcoin” and that it would cost “on the order of $10 billion.”Drake led work on Ethereum’s 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 — 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 ‘rug in the making,’ says Bubblemaps
A fake Eric Trump-themed memecoin launched on Solana’s 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 “jv7d” 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 […] 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 Buffett’s Berkshire Hathaway earned $250 million from its complete exit from crypto-friendly Nubank.The decision to divest didn’t appear to be performance-based; Nu Holdings posted record profits in 2024 and Q1 2025.Buffett’s exit aligns with Berkshire’s 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:Ether Bears Are Done and That’s Fueling ETH’s Surge, Crypto Benchmark Issuer Says
Ether's recent price rally is driven by short covering rather than new bullish bets, CF Benchmarks' Sui Chung said.
Published on: May 16, 2025 | Source:Netflix Doubles Down on Generative AI With Adverts in the Middle of Streams
The streaming service has announced plans to use generative AI to link interactive ads with appropriate shows on its ad-supported tier.
Published on: May 16, 2025 | Source:AI vibe coding: what it is, why it’s risky, and how to stay safe
What is AI vibe coding? AI vibe coding is a novel approach to software development that generates advanced, executable code based on well-crafted natural language user prompts.Yet another innovation fueled by artificial intelligence capabilities, AI vibe coding is proving to be a game-changer, especially for non-technical enthusiasts who can now experiment with software development and contribute to the ever-expanding...
Published on: May 16, 2025 | Source:Crypto Daybook Americas: Fintechs, Funds ‘Hoarding Bitcoin’ Even as Bulls Pause for Breath
Your day-ahead look for May 16, 2025
Published on: May 16, 2025 | Source:Judge Rejects SEC and Ripple's Bid to Rework XRP Settlement
U.S. District Judge Analisa Torres said Thursday that even if she had jurisdiction, she would still deny the motion as “procedurally improper.”
Published on: May 16, 2025 | Source:Bitcoin Bulls Face $120M Challenge in Extending 'Stair-Step' Uptrend
BTC has chalked out a controlled stair-step price rally from $75,000 to $104,000.
Published on: May 16, 2025 | Source:DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor
Most of the individuals were arrested this week in California.
Published on: May 16, 2025 | Source:Users Taunt Grok After xAI Says Modifications Were Made to Spit out ‘White Genocide’ Claim
Grok’s references to “white genocide” drew mockery and memes, fueling speculation over Elon Musk’s influence as xAI blamed a prompt update.
Published on: May 16, 2025 | Source:FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution
Payouts of up to 120% begin May 30 for thousands of creditors, just as U.S. regulators warm to crypto and the industry stages a comeback.
Published on: May 16, 2025 | Source:Australian Crypto Exchange Cointree Fined Over Delayed Suspicious Activity Reports
Cointree was fined after voluntarily disclosing delays in filing suspicious activity reports, as AUSTRAC intensifies crypto oversight.
Published on: May 16, 2025 | Source:XRP Slides 4% as Bitcoin Traders Cautious of $105K Price Resistance
Market sentiment remains positive, but signs of exhaustion appear as BTC nears key technical and psychological levels.
Published on: May 16, 2025 | Source:DOJ Charges $263M Crypto Crime Ring That Spent Millions at Nightclubs
Defendants allegedly stole hundreds of millions in crypto and then blew it on supercars, private jets, and designer bags.
Published on: May 16, 2025 | Source:Wisconsin Pension Fund Sold $300M BlackRock Bitcoin ETF Stake Amid Tariff Turmoil, New Filing Shows
The Wisconsin fund sold its Bitcoin ETF stake sometime in Q1, weeks before sweeping U.S. tariffs triggered a crypto market slide.
Published on: May 16, 2025 | Source:Coinbase SEC Probe and Security Breach Unlikely to Derail Growth, Experts Say
Experts say Coinbase’s inclusion in the S&P 500 is unlikely to be affected by an SEC probe and recent insider-led data breach.
Published on: May 16, 2025 | Source: