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Coinbase's $2.9B Deribit Deal a 'Legitimate Threat' for Peers, Wall Street Analysts Say
The acquisition makes Coinbase the largest crypto derivatives platform and a credible rival to Binance.
Published on: May 08, 2025 | Source:
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Myriad Moves: Whatโs Next for Dogecoin, and Did Anyone Predict an American Pope?
Follow what's happening on Myriad Markets' most popular prediction markets from the price of Dogecoin to the next Pope.
Published on: May 08, 2025 | Source:Meta Is Looking to Enter Red-Hot Stablecoin Market: Fortune
The tech giant reportedly also hired a vice president of product with crypto experience to help with the stablecoin efforts.
Published on: May 08, 2025 | Source:GENIUS Act stalls in Senate, lawmakers eye new proposal next week
The Senate denied the motion to invoke cloture on the motion to consider the GENIUS Act bill, which aims to regulate stablecoins in the US. The decision came with a one-vote difference, as 49 Democrat senators denied the motion against 48 favorable votes. Senate Majority Leader John Thune accused Democrats of using the filibuster for [โฆ] The post GENIUS Act stalls in Senate, lawmakers eye new proposal next week...
Published on: May 08, 2025 | Source:Mog Meme Coin Skyrockets as Elon Musk Leads 'Mog/Acc' Tech Bro Embrace
Itโs been a big week for Mog Coin, as Elon Musk and other notable tech leaders adopted the rising "mog/acc" trend taking over X.
Published on: May 08, 2025 | Source:Celsius Founder Alex Mashinsky Sentenced to 12 Years in Prison for Fraud
Mashinsky pled guilty to securities and commodities fraud charges last December.
Published on: May 08, 2025 | Source:Mashinskyโs 12-year sentence sets tone of enforcement in Trump era
The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud. Mashinskyโs legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and willingness to plead guilty. But US prosecutors were less inclined to leniency, suggesting on April 28 that the judge deliver a...
Published on: May 08, 2025 | Source:Former Celsius Network CEO Alex Mashinsky Sentenced to 12 Years in Prison
The founder of the once-prominent crypto lender had requested a more lenient prison sentence of one year and a day.
Published on: May 08, 2025 | Source:Bitcoin hits $101.7K as US strategic reserve bills become law and BTC mass adoption accelerates
Key takeaways: Bitcoin rallies to $101,707 against a backdrop of strong fundamentals in the regulatory and traditional finance space.Traders are confident that $100,000 will hold as support.Bitcoin (BTC) price rallied above $100,000 on the heels of US President Donald Trumpโs announcement of a โtrade dealโ with the UK, which could possibly include the removal of the blanket 10% tariff on all imports.Frequent social...
Published on: May 08, 2025 | Source:UAE state-owned Emarat partners with Crypto.com to integrate Bitcoin, crypto payments at gas stations
Emirates General Petroleum Corporation (Emarat), the UAEโs federal government-owned fuel retailer, has partnered with Crypto.com to introduce crypto payments at fuel stations, marking a first in the Middle East and North Africa. The initial phase enables crypto payments at 10 Emarat stations across Dubai, with plans to expand the service throughout Emaratโs network, according to [โฆ] The post UAE state-owned Emarat...
Published on: May 08, 2025 | Source:US Stablecoin bill blocked as Democrats withdraw support
The Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, known as the GENIUS Act, failed to pass cloture in the United States Senate on May 8, dealing a slight blow to cryptocurrency regulation in the country.The bill, sponsored by Senator Bill Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, Cynthia Lummis and Angela Alsobrooks, received last-minute pushback from Democrats,...
Published on: May 08, 2025 | Source:Senate Votes Against Advancing Stablecoin Bill, Delaying Process as Trump Concerns Fester
Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.
Published on: May 08, 2025 | Source:Trump tricked into pushing XRP for crypto reserve: Report
US President Donald Trump was reportedly manipulated by a lobbyist tied to Ripple Labs into announcing the XRP token would be part of his plans for a national cryptocurrency reserve.According to a May 8 Politico report, an employee of pro-Trump lobbyist Brian Ballard gave the president the text to a social media post she recommended he write announcing a US strategic crypto reserve that would include XRP, Solana (SOL),...
Published on: May 08, 2025 | Source:Stablecoin Legislation Suffers Severe Blow as GENIUS Act Fails to Pass Key Senate Vote
The GENIUS Act failed a key Senate vote Thursday, leaving the future of the stablecoin bill and other crypto legislation in question.
Published on: May 08, 2025 | Source:Trump Says Fed Chair 'Is Not in Love With Me' as Crypto Market Soars
Bitcoin rose above $101,000 even as Donald Trump pressured U.S. central bank Chair Jerome Powell anew to lower interest rates.
Published on: May 08, 2025 | Source:SEC considers crypto exemption to streamline tokenized securities trading
The US Securities and Exchange Commission (SEC) is reviewing a potential exemption order allowing firms to issue and trade securities using distributed ledger technology (DLT). SEC Commissioner Hester Peirce revealed this plan during a May 8 address at the agencyโs International Institute for Securities Market Growth and Development. SECโs proposed crypto framework According to Peirce, [โฆ] The post SEC considers crypto...
Published on: May 08, 2025 | Source:SEC considers new rules easing security token issuance
Updated to correct that the SEC sent a Wells notice to Uniswap but did not bring charges.The US Securities and Exchange Commission (SEC) is considering rule changes to let companies more freely issue tokenized securities, SEC Commissioner Hester Peirce said in a speech published on May 8.The regulator is โconsidering a potential exemptive orderโ for firms using blockchain technology to โissue, trade, and settle...
Published on: May 08, 2025 | Source:OpenAI launches initiative to spread democratic AI through global partnerships
OpenAIlaunched a new initiative to help countries build artificial intelligence systems rooted in democratic values, according to a May 7 statement. The OpenAI for Countries initiative is part of the firmโs broader Stargate project and aims to engage governments to partner in shaping AI frameworks that uphold transparency, accountability, and public interest. According to the [โฆ] The post OpenAI launches initiative to...
Published on: May 08, 2025 | Source:Are layer 2s good for Ethereum, or are they โextractive?โ
Layer 2s have been a great blockchain success story. Theyโve reduced congestion on the Ethereum mainnet, driving down gas fees while preserving security.But maybe theyโve become too successful, drawing chain activity and fee income from the parent that spawned them? At least thatโs what some are suggesting lately, most recently at Cornell Techโs blockchain conference in late April.Indeed, some think Ethereum should be...
Published on: May 08, 2025 | Source:Missouri bill ending capital gains tax heads to governor for signature
Missouri House Bill 594, a bill that would eliminate capital gains tax in the US state, has passed a vote in the state House of Representatives and now heads to Missouri Governor Mike Kehoe's desk for signature.According to attorney Aaron Brogan, the bill stipulates a 100% income tax deduction for any capital gains income because the Missouri tax code does not explicitly distinguish between capital gains and income...
Published on: May 08, 2025 | Source:Google's Gemini 2.5 Pro Tops Coding Charts and MENSA Tests in AI โIQโ Battle
The tech giant's "thinking model" outperforms rivals on complex benchmarks and is now available to all users for free
Published on: May 08, 2025 | Source:Bitcoin $120K Target for 2Q May Be Too Conservative: Standard Chartered
Spot bitcoin ETF net inflows totaled over $4 billion in the last three weeks, when adjusted for hedge fund basis trades, the bank said.
Published on: May 08, 2025 | Source:Ethereum and Dogecoin Lead Altcoin Rally as Bitcoin Retakes $100K
Ethereum has gained 11% over the past 24 hours at the time of writing and has broken through $2,000 for the first time since March.
Published on: May 08, 2025 | Source:Bitcoin Tops $100K for First Time in 3 Months; Are Upside Targets Too Low?
The price has jumped 33% in a few weeks after plunging to $75,000 in the days following President Trump's early April Liberation Day tariff announcement.
Published on: May 08, 2025 | Source:Bitcoin price reclaims $100K for first time since January
Bitcoin has reclaimed the $100,000 price level for the first time since January, reflecting renewed bullish sentiment among investors.Bitcoin (BTC) reclaimed the $100,000 mark on May 8 at 3:22 pm UTC, surging 4.2% from the intraday low of $95,967, according to data from CoinGecko.It marked the third time that BTC has broken through the six-figure level since first achieving it on Dec. 5, 2024. A second all-time high...
Published on: May 08, 2025 | Source:Ex-Celsius CEO asks to travel for a wedding after sentencing
Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughterโs wedding regardless of the outcome of his May 8 sentencing hearing.In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to travel from New York to Memphis, Tennessee, between May 26 and May 29 for his daughterโs wedding. The approval was available on...
Published on: May 08, 2025 | Source:Senate Republicans Making Plea to Get on With Stablecoin Debate
Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.
Published on: May 08, 2025 | Source:Crypto for Advisors: Trends in Tokenizing Real-World Assets
Tokenization turns real-world assets into blockchain tokens, boosting efficiency, liquidity and accessibility. Learn about why Ethereum is the current leader in this space.
Published on: May 08, 2025 | Source:User experience could be cryptoโs superpower โ or its kryptonite
Opinion by Jonathan Farnell, CEO of FreedxItโs 2025, and over 560 million people worldwide are already using cryptocurrency โ roughly 17 times the population of Tokyo. Thatโs a vibrant community, yet for every user whoโs embraced it, billions more stand on the sidelines, put off by the complicated interactions and clunky interfaces of protocols, platforms, decentralized apps (DApps), and mobile applications. Why?...
Published on: May 08, 2025 | Source:Breakout Alert: Ether, Bitcoin Cash-Bitcoin Ratio Break Downtrends as DOGE, SHIB Bottom Out
ETH, BCH and top memecoins are flashing bullish chart patterns.
Published on: May 08, 2025 | Source:GSRโs Josh Riezman on Regulation, Risk, and Readying Crypto for the Next Phase
The market-maker, investor and asset manager aims to be a โone-stop shop for market participants,โ says its Chief Strategy Officer. Riezman is a speaker at Consensus 2025 May 14-16.
Published on: May 08, 2025 | Source:Superstate Expands Into Tokenized Equities; SOL Strategies to Be First Listing
The company's "Opening Bell" platform lets SEC-registered shares trade on-chain, bridging crypto and public equity markets.
Published on: May 08, 2025 | Source:Coinbase Inks $2.9 Billion Deal to Buy Crypto Options Exchange Deribit
The world's biggest crypto exchange will buy the world's leading options exchange.
Published on: May 08, 2025 | Source:Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss
Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8โs latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firmโs CEO, Asher Genoot, explained that this was a result of large-scale investments. โAs reflected in our results, the first quarter was a deliberate and necessary phase of...
Published on: May 08, 2025 | Source:How the Democratsโ Path to 2026 Victory Goes Through Decentralized Crypto
The current draft of the GENIUS Act elevates centralized entities in overseeing stablecoins. Democrats should take the right stand against it, says Hermine Wong.
Published on: May 08, 2025 | Source: