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BlackRock’s Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metal’s historic rally
BlackRock’s iShares Bitcoin Trust (IBIT) has attracted more capital this year than the largest gold-backed ETF. On May 6, Bloomberg Senior ETF analyst Eric Balchunas reported that IBIT ranked as the US’ sixth-highest fund by year-to-date inflows. According to the data, IBIT has pulled in over $6.9 billion since January, outperforming the SPDR Gold Shares […] The post BlackRock’s Bitcoin Trust surpasses gold-backed ETF...
Published on: May 06, 2025 | Source:
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House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’
A hearing meant to discuss crypto legislation devolved into a tense shouting match Tuesday, underscoring new threats to bipartisan support for industry-related bills.
Published on: May 06, 2025 | Source:Binance's BNB Token Could Quadruple in Price by 2028 as ‘Benchmark’ Crypto: Standard Chartered
The native coin of the BNB Chain is a benchmark for digital assets more broadly, and will continue to surge, the bank said.
Published on: May 06, 2025 | Source:Stabledollars: The Third Act of Dollar Reinvention
Blockchain-based dollar infrastructure holds enormous opportunities for the U.S. But only if it treats the technology wisely, says John deVadoss.
Published on: May 06, 2025 | Source:Planned Crypto Hearing in U.S. House Derailed by Democrat Revolt
Democrats abandoned a joint hearing of two committees on crypto policy, inviting people to instead attend their own discussion of Trump's "crypto corruption."
Published on: May 06, 2025 | Source:Standard Chartered sees BNB more than doubling in 2025
Asset manager Standard Chartered predicts that Binance’s ecosystem token, BNB, could more than double in price this year, according to an analyst report reviewed by Cointelegraph.The asset manager sees BNB’s price rising to approximately $1,275 per token by the end of 2025 and as high as $2,775 by the end of 2028, according to the research report.As of May 6, BNB trades at nearly $600 per coin, for a fully diluted...
Published on: May 06, 2025 | Source:MARA Holdings Cut to Sell at Compass Point Ahead of Earnings, Citing Cash Burn
Compass Point slashed Marathon’s price target to $9.50, warning of dilution and premium bitcoin exposure.
Published on: May 06, 2025 | Source:Satoshi Era Bitcoin Whales Move More Than $300 Million in BTC
It is also unknown if the wallets were owned by the same person or if they are in any way connected.
Published on: May 06, 2025 | Source:Bitcoin price rallied 1,550% the last time the ‘BTC risk-off’ metric fell this low
Key Takeaways:The Bitcoin Risk-Off signal dropped to 23.7, its lowest since March 2019, indicating low correction risk and a high likelihood of a bullish trend developing.Despite the recent decline in network activity, bullish macro indicators like the Macro Chain Index (MCI) suggest Bitcoin could soon rally above $100,000.On May 5, the Bitcoin Risk-Off signal, an indicator that uses onchain and exchange data to assess...
Published on: May 06, 2025 | Source:‘Most Corrupt Act’: Sen. Chris Murphy Moves to Ban Donald Trump From Shilling Meme Coin
Other Democratic voices have raised pay-to-play concerns with Donald Trump’s meme coin.
Published on: May 06, 2025 | Source:North Korean spy slips up, reveals ties in fake job interview
For months, Cointelegraph took part in an investigation centered around a suspected North Korean operative that uncovered a cluster of threat actors attempting to score freelancing gigs in the cryptocurrency industry.The investigation was led by Heiner Garcia, a cyber threat intelligence expert at Telefónica and a blockchain security researcher. Garcia uncovered how North Korean operatives secured freelance work online...
Published on: May 06, 2025 | Source:Frictionless flows are Ethereum's path to economic dominance
Opinion by: Barna Kiss, CEO of MaldaAn idea recently floated by some prominent thinkers in the Ethereum space to reclaim value for the mainnet is the taxing of its Layer-2s. The future of Ethereum does not depend on policy but on enabling frictionless capital movement between the L2s in question. Tariffing rollups may appear a neat way to reclaim value for the mainnet. In practice, it would fragment the ecosystem,...
Published on: May 06, 2025 | Source:Haliey ‘Hawk Tuah’ Welch Feels ‘Sorry’ For Victims of Meme Coin Scandal
The Hawk Tuah girl took a mental health break following the meme coin sandal, claiming she is ‘sorry’ for anyone who lost money.
Published on: May 06, 2025 | Source:DeFi Development Adds $11.2M in SOL, Bringing Holdings to More Than 400K Tokens
Formerly known as Janover, the company's SOL holdings are worth more than $57 million at current prices.
Published on: May 06, 2025 | Source:Will Crypto Values Survive the Regulatory Wave?
Ahead of the People’s Regulatory Roundtable at Consensus 2025, six leading crypto lawyers discuss whether core crypto principles, like decentralization and privacy, will be included in upcoming legislation and regulation.
Published on: May 06, 2025 | Source:Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins
Democratic Senator Chris Murphy pushed a bill to block presidential coins while Elizabeth Warren described how to get Dems to move forward on stablecoins.
Published on: May 06, 2025 | Source:SOL Strategies Buys $18M of Solana Tokens With First Tranche of $500M Note Deal
The Canadian firm is betting on Solana by using debt financing to scale its validator footprint and crypto holdings.
Published on: May 06, 2025 | Source:What bankers, CPAs and CFOs need to know about blockchain
Why finance veterans are still skeptical about blockchain Blockchain has been part of the finance conversation for over a decade now. Yet many professionals remain cautious.Many seasoned professionals in finance, wealth management and economics often question blockchain’s relevance, asking, How exactly is blockchain supposed to fit into what we already do?This question reflects a few key ongoing skepticisms about...
Published on: May 06, 2025 | Source:VanEck Submits Proposal to Launch First BNB ETF in the U.S.
If approved, the fund would be the first exchange-traded fund tied to BNB in the U.S.
Published on: May 06, 2025 | Source:BNB Coin Could Hit $2,775 by Year-End 2028, Standard Chartered Says
The token has traded like an unweighted mix of bitcoin and ether since May 2021, the report said.
Published on: May 06, 2025 | Source:21Shares Launches ETP Linked to Crypto.com's Cronos
The product allows investors to add CRO exposure to their portfolios without handling crypto wallets or exchanges.
Published on: May 06, 2025 | Source:CoinDesk 20 Performance Update: Index Drops 2.2% as All Assets Trade Lower
Sui (SUI) fell 7.7% and Aave (AAVE) declined 7.5%, leading the index lower.
Published on: May 06, 2025 | Source:Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst
Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target.
Published on: May 06, 2025 | Source:DogeOS Raises $6.9M to Launch Dogecoin App Layer
The funding will enable DogeOS to support a variety of consumer apps, enhancing the Dogecoin ecosystem and its decentralized finance services.
Published on: May 06, 2025 | Source:Binance founder CZ says Bitcoin could hit $500K–$1M this cycle
Binance co-founder Changpeng “CZ” Zhao expects Bitcoin’s price to top at $500,000 to $1 million during this market cycle.During an interview with Rug Radio published on May 5, Zhao said that he expects Bitcoin to reach up to one million dollars during this market cycle. He also highlighted the role of Bitcoin spot exchange-traded funds (ETFs) in this rise, saying that the increasing institutionalization of Bitcoin is a...
Published on: May 06, 2025 | Source:Bitcoin Traders Seek Downside Protection Ahead of Fed Chair Powell’s Comments
We have only seen some nuanced demand for protective BTC puts, reflecting limited caution among sophisticated traders, Deribit's CEO told CoinDesk.
Published on: May 06, 2025 | Source:Singapore’s Grab taps Solana DePIN project Natix to ‘reshape mapping’
Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s decentralized physical infrastructure network (DePIN), to cooperate on mapping and autonomous driving technologies.The joint collaboration aims to combine Natix’s blockchain-based mapping data with Grab’s camera hardware and mapmaking technology featuring artificial intelligence support, Natix said in an announcement on May 6.“This...
Published on: May 06, 2025 | Source:Bitcoin risks sub-$92K retest as BTC price fails to match 4% gold gains
Key points:Bitcoin is struggling again as gold retakes the limelight with week-to-date gains of nearly 5%.Bitcoin’s correlation with gold is under scrutiny amid ongoing macroeconomic shifts.Traders see a short-term slump amid a wider BTC price rebound.Bitcoin (BTC) eyed fresh month-to-date lows into the May 6 Wall Street open as “directionless” crypto markets contrasted with a gold rebound.BTC/USD 1-hour chart. Source:...
Published on: May 06, 2025 | Source:US stablecoin bill loses democrats amid Trump corruption concerns
Democratic lawmakers in Washington are backing off support for crypto legislation amid heightened concerns over corruption, including the conduct of the Trump family’s World Liberty Financial (WLFI).In March, the GENIUS Act, which would regulate stablecoins in the US, passed a critical committee reading with the support of several pro-crypto Democrats. Democratic Senators Ruben Gallego, Mark Warner, Lisa Blunt...
Published on: May 06, 2025 | Source:Why is XRP price down today?
Key takeaways:Ripple's end-to-quarterly market report fuels uncertainty, impacting XRP price negatively.Low open interest in XRP futures signals weak trader confidence.XRP price technicals weaken with resistance at $2.27 and declining RSI.XRP (XRP) fell on May 6, down 3% in the last 24 hours to trade at $2.09, due to numerous factors. Its trading volume has increased by 25% over the same period to $2.5 billion,...
Published on: May 06, 2025 | Source:BTC retreats, Nvidia considering BTC treasury, SOL fixes zero-day
BTC retreats, Nvidia considering BTC treasury, SOL fixes zero-day FOMO HOUR EP350 BTC hits $97.9k then underperforms. Nvidia considering BTC treasury. Arizona governor vetoes BTC bill. Saylor hints at another BTC purchase. Trump reiterates support for crypto. SOL fixes zero-day exploit. Goldman Sachs to offer tokenised treasuries. US unlikely to increase BTC holdings: Hayes. Two key crypto policy leaders of IRS exit....
Published on: May 06, 2025 | Source:Bitcoin price forms two BTC futures gaps after Coinbase premium flips negative
Key takeaways: Bitcoin’s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors.Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading. Bitcoin’s Coinbase premium index, which measures the gap between BTC price at Coinbase Pro and Binance exchange, turned negative...
Published on: May 06, 2025 | Source:Blockchains ready for institutions, lawyers hesitate: DoubleZero CEO
While blockchain infrastructure may be ready for institutional use, many legal teams at big firms remain cautious about fully integrating the technology.At the Token2049 event in Dubai, DoubleZero founder and former Solana head of strategy Austin Federa told Cointelegraph that today’s high-performance blockchains like Solana are technically capable of supporting large-scale institutional usage. However, lawyers need to...
Published on: May 06, 2025 | Source:Citi and SDX partner to tokenize traditional private markets
Investment bankCitiand Switzerland’s SIX Digital Exchange (SDX) are teaming up to modernize traditional private markets through tokenization.The initiative, revealed during the Point Zero Forum in Switzerland, will leverage SDX’s blockchain-based Central Securities Depositary (CSD) platform to tokenize, settle and safekeep assets, according to a May 6 announcement.The platform, expected to go live by the third quarter...
Published on: May 06, 2025 | Source:UK Treasury Secretary Rules Out National Crypto Reserve: ‘Not the Plan for Us’
Emma Reynolds MP shot down the idea of a UK national crypto reserve, saying that, “We don't think that's appropriate for our market.”
Published on: May 06, 2025 | Source: